The Union Finance Minister said that the formalization
of the economy "has been accelerated by a large number of recent steps that we took," adding that various factors including, strict compliance, rationalisation of tax structures, lowering the lowest slab, etc, have contributed towards a 15 - 20 per cent increase in tax collection every year.
Specifically, centralization (Bennett, 1998a; Lawrence and Robinson, 2007; Leblanc and Kelloway, 2002; Sims, 2010; Sprouse, 1992) and formalization
(Hoffman, 2008; Pulich and Tourigny, 2004; Zimmerman, 2001) are the two organizational structure components that passively appear most often.
Moreover, in several studies researchers have reported finding a negative relationship between structural factors (such as centralization and formalization
) and innovative behavior (Aiken & Hage, 1971; Damanpour, 1991; Hurley & Hult, 1998; Pierce & Delbecq, 1977); however, these scholars did not include empowerment in their study and, consequently, the mediating role of empowerment in the relationship between organizational structure and innovative behavior was overlooked.
The institutional dimension refers to the formalization
of the institution that receives the educational experience, the institutional framework, what type of institution it is, what its aims and objectives are.
Recently, however, a trend toward increased formalization
(e.g., implementing preferred suppliers, frame agreements, standardized purchasing procedures) of these purchases has emerged (Cox et al., 2005; Pemer et al., 2014; Sieweke, Birkner & Mohe, 2012).
Organizational characteristics they studied were centralization, formalization
is the codification of written and approved laws, rules, work instructions, and communication regarding the organization and its unit affairs (Robbins 2011, p.88).
Our study's main contribution involves the association of the concepts of exploration and exploitation of managerial coordination mechanisms (centralization, formalization
, and connectedness).
While we are always in support of measures that eliminate the barriers to the sale of gold to the BSP, government should also look at ways to facilitate the formalization
of the smallscale mining industry.
I hope that before September 10 the government will make an agreed option for the Parliament to approve it and then we will continue working on formalization
. While in negotiation process, we can improve the position of Kyrgyzstan," said the Prime Minister.
This document has defined aims of stress tests implementation and use of results in micro and macro prudential supervision, process management, methodology and distribution of results and complementary findings of macro prudential stress tests.The aim of the document is formalization
of stress tests preparation, as well as defining of obligations and responsibilities of the CBBH and Banking Agencies in process of stress tests implementation, as well as defining of relations among macro prudential monitoring, continued supervision and process of management and mitigation of risk.
To the well-known proof of the Four Color theorem  and the efforts around the Kepler Conjecture , we could add the finishing (September 2012) of the Coq formalization
for the Feit-Thompson theorem, an important step towards the mechanization of the simple finite group classification, led by Georges Gonthier .