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Tytuł:
"Spillover" in action – Neofunctionalism Revisited. Freedom to Provide Services Outside the Country of Establishment and its Consequences
Autorzy:
Riedel, Rafał
Powiązania:
https://bibliotekanauki.pl/articles/2027977.pdf
Data publikacji:
2008-12-31
Wydawca:
Wydawnictwo Adam Marszałek
Tematy:
Spillover
Neofunctionalism
Bolkestein's Directive
Free movement of services
Opis:
Services sum up to 70 % of EU’s GDP, and just 20 % of cross-border trade of the European Union – partly due to the unjusti! ed regulatory and administrative burdens implied on different levels of member states administration. The existence of those barriers has stimulated the works on the directive freeing the service sector and implementing a number of rules that may potentially become milestones of integration, compared only to such “history making” moments as Single European Act or Maastricht Treaty."The freedom to provide service outside the country of establishment’ principle, previously known as the ‘country of origin’ rule, carries this revolutionary impetus. It will allow a service provider be settled in one EU member state and deliver a service (personally or by delegated employees) in another one with all the legal consequences, especially: some aspects of taxation and social security contributions. Unsurprisingly, it has become one of the most controversial legal acts debated in the last decades Europe-wide. This principle may, to a large extend, undermine the foundations of welfare state, especially in the Western part of continental Europe, as it may force the regulated capitalism oriented countries (like Scandinavian ones) to verify their social policies accordingly to competition pressure coming from lower social standards member states. This may, as it is speculated in this paper, fuel the harmonising of social policies on Community level. Free movement of services was introduced fifty years ago, however it has been usually interpreted from the consumers’ perspective: free access to the service by service consumer relocation or trans-border trading. Service provider relocation was tolerated only when accompanied with establishment in the consumer’s country. The Service Directive, following the logic of previous European Court of Justice verdicts, introduces – on the secondary law level – the freedom to be established in another country than the country where the service is provided. This practical challenge is examined theoretically on the grounds of neofuncionalist rationale, as the discussed directive, by its supporters called: the greatest improvement of the internal market since its creation, can act as an empirical proof of neofunctionalism theory applicability. Implementing this approach, especially the revitalised spillover mechanism, is an efficient theoretical vehicle showing satisfactory exploratory power, as well as allowing speculations about the future development on the edge of politics and economy within European integration process. It also highlights the behaviour of supranational actors creating ‘stress among the states’ to progress the integration into the desirable direction (cultivated spillover). The deliberations in this paper are rooted in exempli! cations of so far practices infringing the free movement of services rule, as well as enriched with some argumentation for and against this form of directive (transformative decisions and legitimacy / democracy de! cit). The arguments used are deeply rooted in ! nal version text of the directive accompanied by interpretation of major principles. In the conclusive part author summarises that theoretical legacy of neofunctionalism – in the case of the Service Directive – seems to be adequate and the deductive argumentation based on it positively veri! es the potential of the theory.
Źródło:
Polish Political Science Yearbook; 2008, 37; 85-105
0208-7375
Pojawia się w:
Polish Political Science Yearbook
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Agricultural commodities: An integrated approach to assess the volatility spillover and dynamic connectedness
Autorzy:
Mishra, Arunendra
Kumar, R Prasanth
Powiązania:
https://bibliotekanauki.pl/articles/1891375.pdf
Data publikacji:
2021-12-17
Wydawca:
Uniwersytet Ekonomiczny w Poznaniu
Tematy:
dynamic connectedness
TVPVAR
price volatility
volatility spillover
ag ricultural commodities
network diagrams
Opis:
In this article the dynamic connectedness between the five agricultural commodities is examined by implementing the Diebold and Yılmaz (VAR based) and Time Varying Parameter Vector Autoregressions (TVP-VAR) measures for understanding the time-varying variance-covariance mechanism using daily data for the period of 2005 to 2019. The findings reveal that at an overall level all the commodity prices are less susceptible to significant volatility shocks from other commodities specifically before the introduction of the pan-India electronic trading portal (eNAM). Cotton prices do not show any variation due to spillover from others for the entire study period. The volatility spillover is visible post eNAM period particularly for the commodity stock prices. Whereas at an overall level the total directional connectedness has gone down in the post eNAM era. The network analysis suggests that the commodity stock prices show a stronger association as compared to market prices. Generally commodity prices show volatility connectedness but with respect to their own market which means strong spillover is missing among both the markets.
Źródło:
Economics and Business Review; 2021, 7, 4; 28-53
2392-1641
Pojawia się w:
Economics and Business Review
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Analiza transferu ryzyka ekstremalnego między wybranymi rynkami finansowymi z zastosowaniem przyczynowości w ryzyku w sensie Grangera
Analysis of Extreme Risk Transfer across Selected Financial Markets with Application of Granger Causality in Risk
Autorzy:
Fałdziński, Marcin
Powiązania:
https://bibliotekanauki.pl/articles/422895.pdf
Data publikacji:
2014
Wydawca:
Główny Urząd Statystyczny
Tematy:
przyczynowość w ryzyku w sensie Grangera
wartość zagrożona
zjawisko transmisji ryzyka
ryzyko ekstremalne
metoda Peaks over Threshold (POT)
Granger-causality in risk
Value-at-Risk
extreme risk
spillover effect
Peaks over Threshold (POT) method
Opis:
Celem proponowanego artykułu jest analiza powiązań między głównymi rynkami finansowymi, reprezentującymi procesy finansowe i gospodarcze zachodzące we współczesnym świecie. Badanie skupiało się na zagadnieniu przenoszenia ryzyka ekstremalnego na rynkach finansowych. Zrozumienie mechanizmu transferu ryzyka ma kluczowe znaczenie dla efektywnego zarządzania ryzykiem, instytucji finansowych oraz podmiotów nadzorujących rynki finansowe. W szczególności ryzyko ekstremalne ma największe znaczenie, ponieważ to ekstremalne ruchy cen powodują największe zagrożenie oraz szanse dla uczestników rynku. Przedstawiony artykuł stanowi rozszerzenie dotychczasowych badań, polegające na wykorzystaniu najnowszej metodologii do badania przyczynowości w ryzyku w sensie Grangera zaprezentowanej w pracy Candelon i inni (2013). Innowacyjność tego podejścia polega na uwzględnieniu wielu różnych poziomów ryzyka w zakresie ogonów rozkładu, co dopuszcza różną dynamikę transferu ryzyka pomiędzy rynkami. W celu odpowiedniego zmierzenia ryzyka, mierzonego wartością zagrożoną, wykorzystano podejście Peaks over Threshold (POT) z modelami zmienności (McNeil, Frey, 2000).
The main aim of this paper is an analysis of integration among main financial markets which represent financial and economic processes occurring in the contemporary world. This research focuses on issue of extreme risk spillover effect on financial markets. Proper understanding of risk transfer mechanism has paramount importance for effective risk management, financial institutions and market supervision institutions. In particular, extreme risk is the most important due the fact that the extreme prices movements are the main cause of threats and opportunities for market participants. This paper is the extension of previous researches on that issue. This extension takes into account the newest methodology framework which is Granger-causality test presented in work of Candelon et al. (2013). Innovation in this approach boils down to allowing for multiple different risk levels across distribution tails which takes into consideration different dynamics of risk transfer mechanism across markets. In order to estimate Value-at-Risk a Peaks over Threshold approach is applied with volatility models (McNeil, Frey, 2000).
Źródło:
Przegląd Statystyczny; 2014, 61, 4; 433-448
0033-2372
Pojawia się w:
Przegląd Statystyczny
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Asymmetric Response to Oil Price and Dynamic Covariation between Exchange Rate and Stock Price: Evidence from China
Autorzy:
Ahmed, Nazeer
Dingchou, Ma
Onodje, Patrick
Powiązania:
https://bibliotekanauki.pl/articles/1193400.pdf
Data publikacji:
2021
Wydawca:
Przedsiębiorstwo Wydawnictw Naukowych Darwin / Scientific Publishing House DARWIN
Tematy:
Asymmetric Effects
MGARCH
NARDL
Spillover effects
Structural Breaks
Opis:
This paper's purpose is to test for asymmetry in the effect of oil price on China's exchange rate and stock price in the presence of structural breaks. It also sought to examine if dynamic covariation and volatility spillover exists between the exchange rate and stock price. We utilized weekly time series data on Brent and WTI prices, the USD-RMB exchange rate, and Shanghai composite index ranging from 2005-07-19 to 2020-09-22. We applied the Nonlinear ARDL for asymmetry tests and the BEKK-GARCH and DCC-GARCH for volatility spilloever analysis. Our methodology also accounts for possible breaks in the time paths of exchange rate and stock price that are likely to influence cointegration. The results show that oil price has asymmetric effects on exchange rate in the long-run only and on stock price in the short-run only. We also find that oil price cointegrates significantly with exchange rate and stock price only when structural breaks in the data are accounted for. The multivariate GARCH analyses provide no evidence of spillovers between exchange rate and stock prices but the DCC estimates showed evidence of dynamic correlation between both. Although several other studies have researched the nexus among the three variables for China, none, to the best of our knowledge, has explicitly tested for short-run and long-run asymmetries in the effect of oil price on exchange rate and stock market jointly. The paper's main contribution is the evaluation of asymmetry in oil price's effects on both markets vis-à-vis the theory while accounting for structural breaks.
Źródło:
World Scientific News; 2021, 156; 62-86
2392-2192
Pojawia się w:
World Scientific News
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Bezpośrednie Inwestycje Zagraniczne a Inwestycyjna Ścieżka Rozwoju. Przypadek krajów grupy Wyszehradzkiej
Foreign Direct Investment and Investment Development Path. The Case of Visegrad Countries
Autorzy:
Tchorek, Grzegorz
Powiązania:
https://bibliotekanauki.pl/articles/1811336.pdf
Data publikacji:
2016-12-12
Wydawca:
Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
Tematy:
export
foreign direct investment
spillover effects
eksport
bezpośrednie inwestycje zagraniczne
efekty spillover
Opis:
Głównym celem artykułu jest przedstawienie roli BIZ w transformacji gospodarczej i podniesieniu zdolności eksportowych gospodarek państw grupy Wyszehradzkiej. W pierwszej części opisano możliwe korzyści z BIZ, natomiast w drugiej warunki osiągania profitów z obecności inwestorów zagranicznych. Trzecia część poświęcona jest analizie relacji między napływem BIZ i zdolnością do ich eksportu z wykorzystaniem koncepcji Inwestycyjnej Ścieżki Rozwoju. W czwartej części przedstawiono dane oraz fakty związane z napływem i odpływem BIZ krajów grupy Wyszehradzkiej. Głównym przesłaniem artykułu jest to, że przyciąganie inwestycji zagranicznych nie może być celem samym w sobie. Powinny one służyć poprawie zdolności eksportowej i innowacyjnej gospodarki lokalnej. Wymaga to inteligentnej polityki przyciągania inwestycji „dobrej jakości”. Możliwość osiągania korzyści z obecności BIZ, ich wiedzy, technologii i dostępu do rynków zależą od cech określanych jako zdolności absorpcyjne. Zwiększanie możliwości absorpcyjnych gospodarki, oznaczające podniesienie jakości czynników wytwórczych, sprzyjamożliwości eksportu kapitału i zwiększaniu obecności krajowych podmiotów na rynkach zagranicznych w formie BIZ.
The main aim of the article is to describe shortly the role of FDI in economic transformation and increasing export capabilities of the Visegrad countries. In the first part potential benefits of FDI are described, and in the second one conditionality of gaining profits from FDI presence is outlined. The third part is dedicated to analysing the relation between the FDI inflow and the ability to export FDI using the concept of Investment Development Path. In the fourth part, data and facts related to inward and outward FDI of the Visegrad countries are recalled. The main message from the article is that attracting FDI cannot be the goal in itself. It should serve to improve export and innovation capabilities of a local economy. It also demands a smart policy dedicated to attracting “good quality” investment. Potential benefits brought about by the FDI presence and access to related knowledge and technology depend on absorption capacity. Increased absorption capability of an economy, namely improved quality of production factors, enhances opportunities for capital export and presence in foreign markets in the form of FDI.
Źródło:
Studia i Materiały; 2016, 2/2016 (22), cz.2; 201-212
1733-9758
Pojawia się w:
Studia i Materiały
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Bridging the Effect of the Knowledge Spillover and Innovation Performance of Textile Companies: Evidence from Indonesia
Pomost pomiędzy wiedzą a i innowacyjnością w firmach włókienniczych na przykładzie Indonezji
Autorzy:
Djulius, Horas
Gyu, Choi Won
Juanim, Juanim
Ratnamiasih, Ina
Santy, Raeni Dwi
Powiązania:
https://bibliotekanauki.pl/articles/233486.pdf
Data publikacji:
2020
Wydawca:
Sieć Badawcza Łukasiewicz - Instytut Biopolimerów i Włókien Chemicznych
Tematy:
knowledge spillover
innovation performance
knowledge management
textile industry
transfer wiedzy
innowacyjność
zarządzanie wiedzą
przemysł tekstylny
Opis:
Most studies on knowledge spillover hypothesis testing are limited to its occurrence and impact on improving the productivity or performance of the recipient companies. In this study a model is constructed of how to use knowledge spillovers from the provider to the beneficiary company, in the context of the textile industry in Indonesia. The model suggests that the knowledge obtained from the buyer may increase the innovation of domestic enterprise suppliers. The model also represents the possibility of knowledge spillover from labour turnover and the imitation process. A survey was carried out to measure the variables of the study conducted by distributing questionnaires to the marketing manager, human resource manager and operations manager of textile companies. The structural equation model was used to test the hypothesis. The results state that a company with better knowledge management can take advantage of knowledge spillover to produce innovative products that are more accepted by the market.
Większość badań dotyczących testowania hipotezy rozprzestrzeniania wiedzy ogranicza się do jej wystąpienia i wpływu na poprawę produktywności lub wyników przedsiębiorstw-odbiorców. W artykule przedstawiono model wykorzystania transferu wiedzy od dostawcy do firmy beneficjenta w kontekście przemysłu tekstylnego w Indonezji. Model opisuje wiedzę pozyskaną od kupującego, może zwiększyć innowacyjność dostawców krajowych przedsiębiorstw. Model reprezentuje również możliwość przenoszenia wiedzy z rotacji pracowników i procesu naśladowania. Przeprowadzono ankietę wśród kierowników marketingu, zasobów ludzkich i operacyjnych firm tekstylnych. Do przetestowania hipotezy wykorzystano model równań strukturalnych. Stwierdzono, że firma posiadająca lepsze zarządzanie wiedzą poprzez wykorzystanie transferu wiedzy może wytwarzać innowacyjnych produkty, które są bardziej akceptowane przez rynek.
Źródło:
Fibres & Textiles in Eastern Europe; 2020, 5 (143); 20-26
1230-3666
2300-7354
Pojawia się w:
Fibres & Textiles in Eastern Europe
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Can recycling compensate for speeding on highways? Similarity and difficulty of behaviors as key characteristics of green compensatory beliefs
Autorzy:
Byrka, Katarzyna
Kaminska, Katarzyna
Powiązania:
https://bibliotekanauki.pl/articles/430288.pdf
Data publikacji:
2015-09-01
Wydawca:
Polska Akademia Nauk. Czytelnia Czasopism PAN
Tematy:
Green compensatory beliefs
difficulty of behaviors
similarity
compensatory behaviors
spillover effects
Opis:
People believe that the effects of unecological behaviors may be compensated for by engaging in alternative conservation activities. The problem is, however, that those who hold such beliefs are less likely to engage in real behaviors. Understanding the structure of compensatory beliefs could potentially minimize this negative effect. In a pair of studies (qualitative and quantitative) we explored two aspects that appear key for compensatory beliefs 1) the similarity and 2) the relative difficulty of behaviors. We found that people spontaneously proposed compensatory behaviors which belonged to the same pro-ecological domain as the corresponding initial behaviors (Study 1). However, participants in the quantitative study agreed more often that they should compensate for one behavior with another when both behaviors belonged to the same cognitive category and simultaneously the compensatory behavior was relatively less demanding than the initial one (Study 2).
Źródło:
Polish Psychological Bulletin; 2015, 46, 3; 477-487
0079-2993
Pojawia się w:
Polish Psychological Bulletin
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
COVID-19 u zwierząt ryzykiem dla człowieka?
Does COVID-19 pose a threat for humans?
Autorzy:
Gliński, Zdzisław
Żmuda, Andrzej
Powiązania:
https://bibliotekanauki.pl/articles/22330315.pdf
Data publikacji:
2022
Wydawca:
Krajowa Izba Lekarsko-Weterynaryjna
Tematy:
koronawirus SARS-CoV-2
infekcja wirusowa
COVID-19
zwierzęta dziko żyjące
zwierzęta towarzyszące
właściciele
transmisja wirusów
ryzyko zakażenia
zagrożenia zdrowia
SARS-CoV-2
pets
wild animals
animal to human viral spillover
Opis:
SARS-CoV-2, the causative agent of COVID-19 is a zoonotic pathogen. Natural infections with this virus occur in non-human primates, canids, felids, minks and apparently many other species, including wildlife and laboratory animals are susceptible. It has been also proved that pets, mostly dogs and cats, that were in close contact with their owners suffering from COVID-19 have also become infected. These animals have angiotensin-converting enzyme 2 receptor (ACE2) with high affinity for SARS-CoV-2, so are permissive to infection, they also exhibit sustained viral shedding and can transmit the virus to conspecifics. None of herbivorous species as cattle, sheep, goat, alpaca and also rabbit shed infectious virus via nasal, oral or fecal routes, although viral RNA was detected in several animals. Neutralizing antibody are either absent or of low titers one month after infection. The domestic livestock contribute to SARS‑CoV‑2 epidemiology. COVID-19 cases due to the contact with mink could suggest that animal to human viral transmission is possible. The white-tailed deer in the populations have been exposed to SARS‑CoV‑2 and it can infect multiple domestic and wild animal species. Though the SARS‑CoV‑2 causes few or no clinical symptoms in most animal species, some scientists fear that wildlife might become a reservoir of infection, thus possibly viral mutations. In this review, current information about SARS‑CoV‑2 infection in animals and the potential spread of the virus to humans through contact with dogs, cats, ferrets, hamsters, farmed minks, cattle, pigs, laboratory animals, white-tailed deer, and zoo animals was presented and discussed.
Źródło:
Życie Weterynaryjne; 2022, 97, 03; 150-157
0137-6810
Pojawia się w:
Życie Weterynaryjne
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Do Instabilities in National Macroeconomic Factors Contribute to Channeling Volatility Spillover from the Global to the Islamic Equity Market?
Czy niestabilność krajowych czynników makroekonomicznych przyczynia się do przenoszenia zmienności stóp zwrotu z globalnego na islamski rynek akcji?
Autorzy:
Muharam, Harjum
Najmudin, Najmudin
Mawardi, Wisnu
Arfinto, Erman Denny
Powiązania:
https://bibliotekanauki.pl/articles/1023545.pdf
Data publikacji:
2021-03-30
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
przenoszenie zmienności
kapitał islamski
model GARCH
model ADCC
dane panelowe
volatility spillover
Islamic equity
GARCH model
ADCC
panel data
Opis:
This study investigates the impact of macroeconomic instabilities on returns volatility spillover that is transmitted from the global to the Islamic equity market. The economic factors examined are the exchange rate, inflation rate, interest rate, and production growth. To achieve the purpose of the study, we utilize three analysis tools: a GARCH(p,q) model to derive values of volatility for all variables; an asymmetry dynamic conditional correlation (ADCC) model to produce a measure of volatility spillover as the dependent variable; and a panel data regression technique to assess the causality significance of macroeconomic factors to volatility spillover. This study is the first which expands such approaches. We observe monthly data of world and Islamic market indices, exchange rates, consumer price indices, interest rates, and industrial production indices. The data, which range from May 2002 to February 2019, are taken from the world market, and twenty-three economies, which consist of fourteen developed and nine emerging markets that have Islamic stock indices. In several sections, we provide important additional analysis for five stock markets in Central European economies, which are compared to the others. The finding suggests that the presence of volatility spillover on the Islamic markets that originates from the global market is affected by the internal instabilities of macroeconomic factors, except for industrial production instability for developed markets, including Central European markets. An implication of the study is that regulators should anticipate and prevent adverse consequences of volatility spillover by arranging their internal economic policy to control inflation rates, interest rates, and industrial production growth, as well as exchange rate flexibility. Moreover, market practitioners should include both global market volatility and macroeconomic instabilities in their prediction to create minimum risk.
Niniejsze badanie dotyczy wpływu niestabilności makroekonomicznej na przenoszenie zmienności stóp zwrotu z globalnego na islamski rynek akcji. Badane czynniki ekonomiczne to kurs walutowy, stopa inflacji, stopa procentowa i wzrost produkcji. Aby osiągnąć cel badania, wykorzystano trzy narzędzia analityczne: model GARCH (p, q) do wyliczania wartości zmienności dla wszystkich zmiennych, model ADCC w celu uzyskania miary wpływu zmienności jako zmiennej zależnej oraz technikę regresji danych panelowych do oceny znaczenia przyczynowości czynników makroekonomicznych w przenoszeniu zmienności. Niniejsze badanie jest pierwszym, które rozszerza takie podejście. Obserwowano miesięczne dane dotyczące światowych i islamskich indeksów rynkowych, kursów walutowych, wskaźników cen konsumpcyjnych, stóp procentowych i wskaźników produkcji przemysłowej. Dane z okresu od maja 2002 do lutego 2019 roku pochodzą z rynku światowego i dwudziestu trzech gospodarek – czternastu rozwiniętych i dziewięciu wschodzących rynków posiadających islamskie indeksy giełdowe. W kilku sekcjach przedstawiono ważne dodatkowe analizy dla pięciu rynków akcji w gospodarkach Europy Środkowej, które są porównywane z innymi rynkami. Wyniki badania sugerują, że na występowanie efektu przenoszenia zmienności wywodzącej się z rynku globalnego na rynki islamskie wpływa wewnętrzna niestabilność czynników makroekonomicznych, z wyjątkiem niestabilności produkcji przemysłowej na rynkach rozwiniętych, w tym na rynkach Europy Środkowej. Z badania wynika, że regulatorzy powinni przewidywać niekorzystne konsekwencje przenoszenia zmienności i zapobiegać im poprzez zorganizowanie wewnętrznej polityki gospodarczej w celu kontrolowania stóp inflacji, stóp procentowych i wzrostu produkcji przemysłowej, a także elastyczności kursu walutowego. Ponadto praktycy rynkowi powinni uwzględnić w swoich prognozach zmienność rynków globalnych i niestabilność makroekonomiczną, tak aby minimalizować ryzyko.
Źródło:
Comparative Economic Research. Central and Eastern Europe; 2021, 24, 1; 103-121
1508-2008
2082-6737
Pojawia się w:
Comparative Economic Research. Central and Eastern Europe
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Efekt zewnętrzny wykształcenia
The External Effect of Education
Autorzy:
Strawiński, Paweł
Powiązania:
https://bibliotekanauki.pl/articles/575744.pdf
Data publikacji:
2009-06-30
Wydawca:
Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Tematy:
education
external rate of return
excess rate of return
private rate of return
instrumental variables
spillover effect
Opis:
The author sets out to measure the external rate of return on secondary and university-level education in Poland. The rate is defined as the excess rate of return for human capital. However, the author says it is difficult to precisely quantify the rate due to methodological problems and the unavailability of data. The economic model used in the article is based on the comparative advantage theory. The econometric model identifies the external rate of return on education thanks to the use of instrumental variables. The analysis confirms that there was a shift in the structure of demand for higher education in Poland in 1998-2005. The author uses empirical data to show the positive external effect linked with education. The private annual rate of return on education in Poland exceeded 7 percent in 1998-2005 and was among the highest in Europe. Additionally, the author shows that there is an external effect linked with education. It stands at 1%-5% annually, Strawiński says. The results obtained in the analysis were confirmed using various model options and estimation methods. Moreover, Strawiński showed that as the proportion of the population with a secondary education increased, people began to earn higher paychecks. This means that secondary education generates a spillover effect, Strawiński concludes.
Źródło:
Gospodarka Narodowa. The Polish Journal of Economics; 2009, 232, 5-6; 39-60
2300-5238
Pojawia się w:
Gospodarka Narodowa. The Polish Journal of Economics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Ekonomiczne i ekologiczne efekty zewnętrzne w planowaniu przestrzennym
Economic and Ecological Externalities in Spatial Planning
Autorzy:
Hołuj, Artur
Powiązania:
https://bibliotekanauki.pl/articles/656146.pdf
Data publikacji:
2018
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
ekonomiczne efekty zewnętrzne
oszczędności zewnętrzne
przestrzenne i ekologiczne straty i korzyści
funkcje planowania przestrzennego
efekt spillover
economic externalities
external savings
spatial and ecological losses and benefits
spatial planning functions
spillover effect
Opis:
Spatial planning, including space management, is a difficult task, especially in view of the limited resources available. Furthermore, the production of public and private goods generates external effects in the city space. Considering the complexity of this problem, a theoretical discussion on the issue of external effects (spillover) in space planning was undertaken (especially when residential areas are developed). The consideration were focused on the economic, but also on the natural and technological externalities accompanying the spatial economy
Gospodarowanie przestrzenią jest zadaniem trudnym, zwłaszcza w kontekście ograniczoności dostępnych zasobów. Ponadto w związku z wytwarzaniem dóbr publicznych i prywatnych generowane są w przestrzeni miasta efekty zewnętrzne. Mając na względzie złożoność tego problemu, w artykule podjęto dyskusję teoretyczną na temat problematyki efektów zewnętrznych (spillover) w planowaniu zabudowy przestrzeni, zwłaszcza tych przeznaczanych pod zabudowę mieszkaniową. Rozważania skupiono na ekonomicznych, ale także przyrodniczych oraz technologicznych efektach zewnętrznych towarzyszących gospodarce przestrzennej.
Źródło:
Acta Universitatis Lodziensis. Folia Oeconomica; 2018, 4, 336; 137-155
0208-6018
2353-7663
Pojawia się w:
Acta Universitatis Lodziensis. Folia Oeconomica
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Extreme risk spillovers between China and major international stock markets
Autorzy:
Qian, Lingling
Jiang, Yuexiang
Long, Huaigang
Powiązania:
https://bibliotekanauki.pl/articles/23942713.pdf
Data publikacji:
2023
Wydawca:
Fundacja Naukowa Instytut Współczesnych Finansów
Tematy:
vine copula
high-dimensional dependence structure
Granger causality in risk
extreme risk spillover
Opis:
We examine the complex dependence structure and risk spillovers between the Chinese stock market and twelve major international markets. To this end, we employ three types of vine copulas and tests for the Granger causality in risk of Hong et al. (2009). The results indicate that the R-vine copula is the optimal model to characterize the high-dimensional dependence structure of the markets after China joined the WTO, which suggests obvious structural differences with varying degrees of mainly positive dependences. Moreover, we identify unilateral extreme risk spillovers from China to the United States, France, and Germany, and either from Japan to China. We also detect bilateral spillovers between China and the United States, Japan, as well as Australia.
Źródło:
Modern Finance; 2023, 1, 1; 30-34
2956-7742
Pojawia się w:
Modern Finance
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Financial risk contagion to real sector in Iran: A VAR-BEKK-GARCH approach
Autorzy:
Sabouri, Hossein
Abounori, Esmaeil
Tehrani, Reza
Powiązania:
https://bibliotekanauki.pl/articles/1046556.pdf
Data publikacji:
2019
Wydawca:
Przedsiębiorstwo Wydawnictw Naukowych Darwin / Scientific Publishing House DARWIN
Tematy:
Risk contagion
VAR-BEKK-GARCH approach
Volatility spillover
financial markets
Opis:
Asset market interconnectedness can give rise to significant contagion risks during periods of financial crises that extend beyond the risks associated with changes in volatilities and correlations. These channels include the transmission of shocks operating through changes in the higher order co-movements of asset returns, including changes in co-skewness arising from changes in the interaction between volatility and average returns across asset markets. These additional contagion channels have nontrivial implications for the pricing of options through changes in the payoff probability structure and more generally, in the management of financial risks. The purpose of this study was to investigate the financial risk contagion from the financial sector to the real sector of the economy using VAR-BEKK-GARCH for the active industries in the Tehran Stock Exchange during the period of 1388-1395. The estimated coefficients for considering the period of the crisis and the recession in the stock market indicate that the coefficients are positive for the effect of the outflow in the stock market. Also, in the case study, there is a probability of financial risk fluctuation between the investigated industries. In addition, the results indicate that the risk and turmoil among the active industries in the stock market and the real sector of the Iranian economy are tangible.
Źródło:
World Scientific News; 2019, 137; 81-95
2392-2192
Pojawia się w:
World Scientific News
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
How job and family demands impact change in perceived stress: A dyadic study
Autorzy:
Smoktunowicz, Ewelina
Cieślak, Roman
Powiązania:
https://bibliotekanauki.pl/articles/2161787.pdf
Data publikacji:
2017-11-03
Wydawca:
Instytut Medycyny Pracy im. prof. dra Jerzego Nofera w Łodzi
Tematy:
job demands
self-efficacy
family demands
spillover–crossover
dyads
interrole conflict
Opis:
Objectives: The aim of this two-wave study has been to test the spillover and crossover of job and family demands on changes in perceived stress at work and in the family. Specifically, we proposed that demands from one domain (work or family) spilled over to another domain through interrrole conflict (work–family/family–work conflict) and context-specific self-efficacy. Additionally, we hypothesized that changes in perceived stress were impacted not only by a person’s own demands through interrole conflict but also by the demands of one’s significant other, in the process of crossover. Material and Methods: The study was of dyadic design and it was conducted online, among 130 heterosexual couples, at 2 time points separated by 3 months interval. Hypotheses were verified by means of the path analysis. Results: No support was found for the spillover of job and family demands on changes in perceived stress through interrole conflict and self-efficacy, neither for women nor for men. With regard to the crossover, no support was found for the actor effects, i.e., a person’s demands did not impact changes in one’s own work- and family-related perceived stress but partial support was found for the partner effects, i.e., women’s job demands were associated with men’s changes in work and family-related stress through women’s work–family conflict, and men’s family demands were associated with women’s change in family-related perceived stress through men’s family–work conflict. Conclusions: The study is a longitudinal test of the Spillover–Crossover model and Work–Home Resources model demonstrating that job and family demands are transmitted across domains and across partners in the intimate relationships through the interrole conflict but the nature of this crossover is different for men and women. Int J Occup Med Environ Health 2018;31(2)199–215
Źródło:
International Journal of Occupational Medicine and Environmental Health; 2018, 31, 2; 199-215
1232-1087
1896-494X
Pojawia się w:
International Journal of Occupational Medicine and Environmental Health
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Influence of business support organizations on innovation activity in manufacturing companies in the Masovian Voivodeship in Poland
Autorzy:
Gorączkowska, Jadwiga
Powiązania:
https://bibliotekanauki.pl/articles/22446461.pdf
Data publikacji:
2018
Wydawca:
Instytut Badań Gospodarczych
Tematy:
business support organization
innovation activity
cooperation
spillover of knowledge
logistic regression
Opis:
Research background: The first business support organizations (BSO) appeared in Poland in the 90s of the last century. They were transferred from Western Europe and the United States, where they provided system solutions and played an important role in stimulating innovation activity. However, the latter regions are economically developed, while Poland is playing catch-up. The important question is whether business support organizations will significantly increase the innovative potential of  Polish enterprises. Purpose of the article: The purpose of this paper is to probe the impact of business support organizations on innovation activity in Polish industrial companies. It remains to be determined whether enterprises which use BSO services are more likely to engage in innovation activities than enterprises which do not use such services. Methods: To carry out the study, a multi-factor logit regression method was used. In this study, the method allows the determination of the odds ratio for the likely occurrence of innovation activity in companies that used the services of BSOs compared to enterprises that did not do so. The attributes of innovation activity have been singled out in accordance with the international standards of the Oslo methodology. The study was conducted in 2015 for the years 2012?2014 based on a sample of 951 manufacturing companies in the Masovian Voivodeship. Findings & Value added: In the Masovian Voivodeship it is the technological parks and training and consulting centres which have the most advanced degree of influence on the innovation activity of enterprises. The roles of technology incubators, and loan and guarantee funds are also significant. With regard to cooperation on innovation, there is a much better arrangement in sectoral systems, i.e., with suppliers, customers and competitors, than with scientific institutions.
Źródło:
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2018, 13, 4; 741-759
1689-765X
2353-3293
Pojawia się w:
Equilibrium. Quarterly Journal of Economics and Economic Policy
Dostawca treści:
Biblioteka Nauki
Artykuł

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