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Tytuł:
Entrepreneurial activity drivers in the transition economies. Evidence from the Visegrad countries
Autorzy:
Zygmunt, Justyna
Powiązania:
https://bibliotekanauki.pl/articles/22446586.pdf
Data publikacji:
2018
Wydawca:
Instytut Badań Gospodarczych
Tematy:
entrepreneurship
transition economies
the Visegrad countries
Opis:
Research background: Entrepreneurship issues in the transition economies have attracted growing attention from scholars in recent years. However, the debate over the value of entrepreneurship in reinforcing structural change is still incomplete. The need for a more thorough approach is noticeable, taking into account drivers which determine entrepreneurial activity in the transition economies. The findings may be useful for recognising opportunities and threats of the development of these economies. Purpose of the article: This paper extends research on entrepreneurship in the transition economies by considering drivers of entrepreneurial activity. The aim of the paper is to investigate what drivers have their consequences for entrepreneurial activity in the Visegrad countries. As the Visegrad countries represent a unique context, because they faced a similar structure at the beginning of the transition process, a valuable insight can be gained by focusing on them. Methods: Hypothesis development is based on the literature review. Fixed effects panel regression was employed for hypothesis testing. Panel data consists of 440 observations for the Visegrad countries for the 2004-2014 period. To control for autocorrelation and heteroscedasticity, Durbin-Watson test and Wald statistic were used, respectively. Findings & Value added: This paper contributes to the existing literature by presenting an analysis of drivers having their impact on entrepreneurial activity in the Visegrad countries. It provides new insights on understanding of the entrepreneur-ship issues in the transition economies. The main finding is that entrepreneurial activity in the Visegrad countries is determined significantly by the economy structure and human capital. However, the significance and the intensity of these effects are different. The findings may be interesting for policymakers in particular. Shifting from general entrepreneurship support towards a focus on promoting entrepreneurial behaviour among high-skilled workers should be considered. Fostering networking, collaboration and internalisation should be regarded for knowledge transfer and spillover enhancement.
Źródło:
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2018, 13, 1; 89-103
1689-765X
2353-3293
Pojawia się w:
Equilibrium. Quarterly Journal of Economics and Economic Policy
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
REFLECTIONS OF COUNTRY IMAGE ON TOURISM: A COMPARISON BETWEEN TURKEY AND POLAND
Autorzy:
Yılmaz, Burcu Selin
Günel, Özgür Devrim
Powiązania:
https://bibliotekanauki.pl/articles/450554.pdf
Data publikacji:
2008
Wydawca:
Uniwersytet Gdański. Wydawnictwo Uniwersytetu Gdańskiego
Tematy:
Tourism
Country Image
Transition Economies
Competitive Advantage
Opis:
The fall of communist regime in the former USSR resulting in collapsing of Iron Curtain in 1989 as the most significant political changes of this new era have resulted in liberalization and efforts to establish market economy in former Eastern Bloc countries of Europe. Poland as one of the EU members today takes its place among transition economies in the world. On the other hand, Turkey as one of the long-term candidates of EU and a part of liberal world has an emerging economy. Both of the countries have suffered from difficulties of transformational forces of new world order and image problems due to the changes of new era. Tourism as one of the most important sectors of global economy has serious impacts on countries’ development efforts –whether they are developed or developing ones- with its different dimensions. Tourism’s role in economic development cannot be denied because for all open economies, tourism is accepted globally as a leading sector in increasing revenues. In order to benefit from positive impacts of tourism, besides other factors supporting tourism development, countries have to gain competitive advantage over their rivals in the fierce competitiveness of tourism sector. Therefore, for countries which want to be one of the leaders in tourism sector, creating a strong country image can be considered as a mean to gain competitive advantage. In this study, comparisons of two countries in the field of tourism are made based on SWOT analysis and impacts of country images of the both countries are evaluated to make suggestions to improve competitiveness of them.
Źródło:
International Journal of Emerging and Transition Economies (IJETE); 2008, 1, 1; 59-75
1308-2701
Pojawia się w:
International Journal of Emerging and Transition Economies (IJETE)
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The Nexus between Improvements in Economic Freedom and Growth: Evidence from CEE Countries in Transition
Autorzy:
Gurgul, Henryk
Lach, Łukasz
Powiązania:
https://bibliotekanauki.pl/articles/483259.pdf
Data publikacji:
2011
Wydawca:
Polska Akademia Nauk. Czytelnia Czasopism PAN
Tematy:
economic growth
economic freedom
CEE transition economies
Opis:
This study examines the causal links between improvements in economic freedom and changes in GDP per capita of new EU members in transition in the period 2000-2009. The empirical results suggest significant causality running from changes in monetary and fiscal freedom, trade openness, regulation of credit, labour, and business, legal structure and security of property rights, and access to sound money to movements in GDP per capita, especially in less and moderately developed CEE transition countries. Moreover, we find evidence that improvements in economic freedom are one of the main factors stimulating the convergence of these economies towards rich EU members. The evidence of causality in the opposite direction is much weaker.
Źródło:
Central European Journal of Economic Modelling and Econometrics; 2011, 3, 3; 133-168
2080-0886
2080-119X
Pojawia się w:
Central European Journal of Economic Modelling and Econometrics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
EXPORT DIVERSIFICATION AND ECONOMIC GROWTH IN TRANSITION: LESSONS FROM THE 2008 FINANCIAL CRISIS IN CEE
Autorzy:
Gurgul, Henryk
Lach, Lukasz
Powiązania:
https://bibliotekanauki.pl/articles/453116.pdf
Data publikacji:
2013
Wydawca:
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie. Katedra Ekonometrii i Statystyki
Tematy:
export diversification
economic growth
CEE transition economies
Opis:
This paper examines the role of export diversification for economic growth in CEE transition economies. The results prove that before the outbreak of 2008 financial crisis export specialization rather than diversification was an important growth factor, especially in those countries which followed more specialized export patterns. However, after the outbreak of the crisis the direction of this causal link changed essentially. All three main aspects of export diversification turned out to play a significant role in reducing the growth slowdown effects of the 2008 financial crisis.
Źródło:
Metody Ilościowe w Badaniach Ekonomicznych; 2013, 14, 1; 137-149
2082-792X
Pojawia się w:
Metody Ilościowe w Badaniach Ekonomicznych
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The Type and Role of Social Capital in Post-Transition European Economies
Autorzy:
Lissowska, Maria
Powiązania:
https://bibliotekanauki.pl/articles/953221.pdf
Data publikacji:
2009-03-31
Wydawca:
Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Tematy:
social capital
post-transition economies
informal institutions
social ties
Opis:
Social capital is widely seen as an important factor behind economic development. It facilitates ties between businesses and reduces transaction costs. It also creates an innovation-friendly environment. But research reports also list some negative aspects of social capital, such as the creation of divisions within society and the uncontrolled emergence of various self-interest groups, and, in extreme cases, mafia-type organizations. Another problem is that the very concept of social capital has not been clearly defined in research reports, according to the author. Lissowska sets out to determine if post-socialist countries differ from other economies in the way they use social capital. She starts out by defining social capital as a partially altruistic approach of an individual toward other people. The study is based on data for 23 European countries collected during a European Social Survey in 2006. This body of data makes the author conclude that post-socialist countries have distinct features as far as social capital is concerned, such as a low level of social confidence and a tendency to maintain “close” rather than “remote” social ties. However, other countries such as Portugal, Cyprus and, less markedly, Spain, display similar features, Lissowska notes. These features may result from these countries’ totalitarian past when social ties were more difficult to establish and maintain than today. They also stem from historic cultural factors such as insufficiently developed civil-society traditions in some of these countries, poor quality of government and law enforcement, religious traditions and new social trends such as people’s drive to succeed economically.
Źródło:
Gospodarka Narodowa. The Polish Journal of Economics; 2009, 230, 3; 1-26
2300-5238
Pojawia się w:
Gospodarka Narodowa. The Polish Journal of Economics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The relationship between the output gap and excess liquidity: Evidence from Czech Republic, Estonia and Kosovo
Autorzy:
Kastrati, Albulenë
Adnett, Nick
Toçi, Valentin
Powiązania:
https://bibliotekanauki.pl/articles/522022.pdf
Data publikacji:
2018
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Excess liquidity
Output gap
System equation models
Transition economies
Opis:
Aim/purpose – Banks in European Transition Economies are proportionally lending less than their counterparts in the Eurozone in the face of seemingly profitable loan opportunities, whilst apparently continuously holding excess liquidity. The question that arises is whether banks in European Transition Economies are holding excess liquidity that widens the output gap? Design/methodology/approach – Given its endogenous nature, the relationship between the output gap and excess liquidity is estimated using Seemingly Unrelated Regressions method. The research sample covers three European Transition Economies for the period 2004Q1 – 2013Q4. Findings – The results indicate that rather than being in a causal relationship, excess liquidity and the output gap are found to be correlated via common observed and unobserved determinants. Research implications/limitations – The most important policy implication of this research is that since the relationship between output gap and excess liquidity is not causal, reducing excess liquidity will not necessarily lead to a smaller (negative) output gap. There seems to be no straightforward policy framework informed by a clear trans-mission mechanism from excess liquidity to output gap. Originality/value/contribution – This study is novel in two respects. Firstly, assuming endogeneity, a new conceptual relationship between output gap and excess liquidity is presented. Secondly, empirical evidence is presented using the system equation method Seemingly Unrelated Regression, not previously used in this context.
Źródło:
Journal of Economics and Management; 2018, 31; 95-118
1732-1948
Pojawia się w:
Journal of Economics and Management
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
COAL MINING IN CENTRAL-EAST EUROPE IN PERSPECTIVE OF INDUSTRIAL RISK
Autorzy:
Jonek-Kowalska, Izabela
Powiązania:
https://bibliotekanauki.pl/articles/489039.pdf
Data publikacji:
2017
Wydawca:
Instytut Badań Gospodarczych
Tematy:
post-transition economies
economic and industrial risk
coal mining
Opis:
Research background: Due to increasing economic and sector risk coal mining in Europe is treated as a declining industry. In post-transition economies such approach is a threat for energy security and local and regional economic development. Nowadays, coal mining survival in Central-East Europe is additionally threatened by accumulative global risk factors, especially by price differentiation and shale gas revolution in United States of America. Revealed circumstances require deepen research and diagnosis in the area of risk and corporate management in mining enterprises in Central-East Europe. Purpose of the article: The main aim of the article is to assess industrial risk in coal mining in Central-East Europe. The research is divided into three parts. In the first one the situation of coal mining in Central-East Europe is characterized. It is the basis for selection of the countries for the detailed analysis. In the second part the industrial risk factors are assessed and described. Finally, in the third part their influence on financial results in the examined mining enterprises is evaluated. In the summary the international comparison is made and general assumptions for risk and corporate management are formulated. Methods: In the article a risk checklist is used to identify the economic and industrial risk factors. To determine their influence on financial results on the first stage of research Pear-son’s coefficients are used. Than regression functions are developed. The data are collected on the basis of public statistics and financial statements of the examined mining enterprises. Findings & Value added: On the basis of research results it may be stated that there are only a few countries in Europe in which mining enterprises still operate as separate economic units and all of them have experienced serious financial troubles in the last years. Risk intensification contributed mostly to revenues reduction and negative financial results.
Źródło:
Oeconomia Copernicana; 2017, 8, 1; 131-142
2083-1277
Pojawia się w:
Oeconomia Copernicana
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
PUBLIC-PRIVATE MIX AND PERFORMANCE OF HEALTH CARE SYSTEMS IN CEE AND CIS COUNTRIES
Autorzy:
Łyszczarz, Błażej
Powiązania:
https://bibliotekanauki.pl/articles/489085.pdf
Data publikacji:
2016
Wydawca:
Instytut Badań Gospodarczych
Tematy:
health care system
public-private mix
transition economies
health status
Opis:
The role of the public and private sector in health care systems remains one of the crucial problems of these systems' operation. The purpose of this research is to identify the relationships between the performance of health systems in CEE and CIS (Central and Eastern Europe and Commonwealth of Independent State) countries, and the mix of public-private sector in the health care of these countries. The study uses a zero unitarization method to construct three measures of health system performance in the following areas: (1) resources; (2) services; and (3) health status. The values of these measures are correlated with the share of public financing that represents the public-private mix in the health systems. The data used is from World Health Organization’s Health for All Database for 23 CEE and CIS countries and comprises the year 2010. The results show that the performance of health systems in the countries investigated is positively associated with a higher proportion of public financing. The strongest relationship links public financing with performance in the area of services production. For policy makers, these results imply that health systems in post-communist transition economies could be susceptible to a decreasing role of the state and that growing reliance on the market mechanism in health care can deteriorate the operation of these systems.
Źródło:
Oeconomia Copernicana; 2016, 7, 2; 169-185
2083-1277
Pojawia się w:
Oeconomia Copernicana
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Solidarity Lost? Low Pay Persistence During the Post-Communist Transition in Poland
Autorzy:
Kiersztyn, Anna
Powiązania:
https://bibliotekanauki.pl/articles/1810992.pdf
Data publikacji:
2015-12-30
Wydawca:
Polskie Towarzystwo Socjologiczne
Tematy:
Low paid employment
wage mobility
transition economies
panel data
Polska
Opis:
This article analyses long-term changes in the persistence of low wages in Poland, given the variations in the general economic situation. All analyses are based on data from the Polish Panel Survey (POLPAN) conducted throughout the post-communist transition period, 1988–2013, on a representative sample of the Polish adult population. The study found that being in a low paid job raises the probability of experiencing the same situation five years later, even when controlling for the general economic context and the respondents’ demographic and economic characteristics. Upward mobility rates among initially low paid workers were significantly higher during periods of economic prosperity; however, even then low pay persistence remained substantial. The results also point to a secular growth in the persistence of poverty-level wages over the past two decades. Persistent low wages may bring about spaces of long-term poverty and social exclusion which cannot be overlooked by policy makers.
Źródło:
Polish Sociological Review; 2015, 192, 4; 493-509
1231-1413
2657-4276
Pojawia się w:
Polish Sociological Review
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
State’s role and methods of impact on its economy in a transition period
Autorzy:
Kharshiladze, Giorgi
Powiązania:
https://bibliotekanauki.pl/articles/2204910.pdf
Data publikacji:
2021-03
Wydawca:
Uczelnia Łazarskiego. Oficyna Wydawnicza
Tematy:
international institutions
transition economies
economic growth
economic integration
state’s role
Opis:
The article discusses the transformation process and state’s economic role in the transition period. The article also deals with the main objectives and goals of state regulations, the peculiarities of countries’ socio-economic formation and procedures of institutional transformation. A government’s role in economic development is changing during the transition period. The main important issues that must be set are strictly centralised state regulations and forms that are completely new systems in economic management, which should be achieved through the elimination of a state’s domination over the economic system, strengthening a privatisation process and so on. It is true that the government’s dominating power should be eliminated but establishing a new marketing-institutional environment and market culture should be developed only under the state’s active legislative, coordinative and stimulating control. The theoretical basis of the article represents the researches of foreign scientists, economists and international organisation. The methodological basis of the article is based on economic analysis, comparison, and grouping methods. While preparing the article, modern experimental methods and model of macro-economic researches, as well as researches and statistical data, approaches and methodology of several international organisations were widely used.
Źródło:
Myśl Ekonomiczna i Polityczna; 2021, 1(71); 77-99
2081-5913
2545-0964
Pojawia się w:
Myśl Ekonomiczna i Polityczna
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Poland’s Economic Performance in Global and Long-term Perspective: Surprises so far and Risks in the Years Ahead
Autorzy:
Gomułka, Stanisław
Powiązania:
https://bibliotekanauki.pl/articles/1356979.pdf
Data publikacji:
2019-05-31
Wydawca:
Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
Tematy:
transition economies
Poland’s performance surprises
global growth trends
Polish policy risks
Opis:
The paper is focused on economic and institutional developments in Poland during the last 30 years of transition from its centrally planned socialist economy to a market-based capitalist economy. The main purposes of the paper are three. One is to identify and explain the developments that were either surprising or specifically Polish. The second purpose is to note and explain the differences between the rate of growth of the Polish economy and that of the other emerging economies, in particular to explain ‘the green island’ phenomenon during the global financial crisis 2008-2009. The third purpose is to note and discuss the new risks that may prevent Poland to reduce further the development gap to technologically most advanced economies.
Źródło:
Central European Economic Journal; 2018, 5, 52; 109 - 117
2543-6821
Pojawia się w:
Central European Economic Journal
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Low Reliance on Credit Among Polish Firms: A Blessing in Disguise at a Time of Financial Crisis?
Niska zależność od kredytu w polskich firmach – błogosławieństwo w okresie kryzysu finansowego?
Autorzy:
Boguszewski, Piotr
Lissowska, Maria
Powiązania:
https://bibliotekanauki.pl/articles/575966.pdf
Data publikacji:
2012-08-31
Wydawca:
Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Tematy:
gospodarki post-transformacyjne
kryzys finansowy
dźwignia
post-transition economies
financial crisis
leverage
Opis:
Celem artykułu jest wyjaśnienie nieoczekiwanej odporności gospodarki polskiej na skutki globalnego kryzysu finansowego, mimo jej silnej integracji z gospodarkami innych krajów. Stawiamy tezę, że jedną z ważnych przyczyn tej odporności była niska zależność polskich firm od kredytu (niskie wykorzystywanie dźwigni finansowej). Dla wykazania tej tezy posługujemy się zarówno danymi makroekonomicznymi (stan i zmiany udziału kredytu i zobowiązań w bilansach firm o różnej wielkości), jak i danymi pochodzącymi z badań ankietowych przeprowadzanych corocznie na reprezentatywnej próbie firm przez GUS i NBP. Z badania wynika, że duża część firm w ogóle nie posługuje się kredytem. Nie są to jednak firmy o złej kondycji, którym odmówiono kredytu. Biorąc pod uwagę również dobrą kondycję finansową przedsiębiorstw w Polsce w ostatnich kilku latach należy zatem wnioskować, że mały zakres posługiwania się dźwignią finansową był świadomym wyborem przedsiębiorstw o lepszej kondycji finansowej które, zgodnie z teorią „pecking order”, posługiwały się w pierwszej kolejności środkami własnymi. Taka struktura finansowania powodowała ich relatywną odporność na okresowe zacieśnienie polityki kredytowej przez banki i, w konsekwencji, słabszą reakcję na warunki kryzysu finansowego.
The article explores the extraordinary resilience of the Polish economy to the implications of the global financial crisis despite Poland’s strong integration with other economies. The authors hypothesize that one of the key reasons for this resilience is a low reliance on credit among Polish firms and their low use of financial leverage. To validate their hypothesis, the authors use both macroeconomic data (reflecting the role of credit in company balance sheets) and data from surveys carried out annually on a representative sample of companies by Poland’s Central Statistical Office (GUS) and the country’s central bank, the National Bank of Poland (NBP). The research shows that many firms decide against using credit at all if possible. Interestingly, the authors say, not only companies with a poor financial standing and those whose loan applications have been turned down follow this policy. Generally, Polish companies have been doing relatively well financially in recent years, the authors note, so their limited use of leverage is the result of a conscious choice rather than necessity, especially in the case of companies in relatively good shape. This is in line with the “pecking order” theory under which companies tend to obtain financing from sources that are readily available and then steadily move on to sources that may be more difficult to utilize. This means that a company is likely to make use of its internal resources first. Such a model of financing results in the relative resistance of Polish firms to any periodic tightening in bank lending policies and, consequently, in their greater resilience to the financial crisis, Boguszewski and Lissowska say.
Źródło:
Gospodarka Narodowa. The Polish Journal of Economics; 2012, 257, 7-8; 1-25
2300-5238
Pojawia się w:
Gospodarka Narodowa. The Polish Journal of Economics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Does FDI Affect Transparency in Post-comm unist Countries?
Czy BIZ wpływają na transparentność w krajach postkomunistycznych?
Autorzy:
Javadov, Safarali
Powiązania:
https://bibliotekanauki.pl/articles/439919.pdf
Data publikacji:
2018
Wydawca:
Akademia Finansów i Biznesu Vistula
Tematy:
FDI
transition economies
institutional changes
BIZ
gospodarki będące w okresie transformacji
zmiany instytucjonalne
Opis:
After twenty-five years of simultaneous political and economic transitions, there have been produced different outcomes in different countries. Some nations advanced well on the road of transition as Poland, while some cases produced disturbing transition outcomes in both economic and political terms, as Russia. Despite the increasing number of studies looking into causes and effects of the institutional change, none has yet explored the link between FDI flows and changes in corruption perception in transition economies. Our study is the first that investigates the impact of the size of FDI flows and its origins on the institutional development in transition and post-transition countries. The empirical results using a dataset on FDI flows among the posttransition countries during 1990-2015 suggest that they may be institutional development effects of FDI flows. The institutional convergence between developed and transition countries is, however, a long process and the preliminary results show that it does not include all the institutions.
Po dwudziestu pięciu latach równoczesnych przemian politycznych i ekonomicznych w różnych krajach pojawiły się różne ich skutki. Niektóre narody poczyniły znaczne postępy na drodze przemian, jak na przykład Polska, podczas gdy w niektórych przypadkach dały o sobie znać niepokojące efekty przemian zarówno z ekonomicznego, jak i politycznego punktu widzenia, czego przykładem może być Rosja. Pomimo rosnącej liczby studiów przyczyn i skutków zmian instytucjonalnych, żadne z nich jak dotąd nie zbadało związku między przepływami BIZ a zmianami w percepcji korupcji w gospodarkach będących w okresie transformacji. Nasze studium jest pierwszym, które bada wpływ wielkości przepływów BIZ i ich pochodzenia na rozwój instytucjonalny w krajach w okresie transformacji i po niej. Wyniki empiryczne z zastosowaniem zbioru danych na temat przepływów BIZ wśród krajów w okresie po transformacji, lat 1990-2015, sugerują, że mogą one stanowić efekty przepływów BIZ dla rozwoju instytucjonalnego. Konwergencja instytucjonalna między krajami rozwiniętymi a krajami będącymi w okresie transformacji jest jednak procesem długotrwałym, zaś wstępne rezultaty pokazują, że nie obejmuje to wszystkich instytucji.
Źródło:
Kwartalnik Naukowy Uczelni Vistula; 2018, 4(58); 254-266
2084-4689
Pojawia się w:
Kwartalnik Naukowy Uczelni Vistula
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The Determinants of Economic Growth in Hungary, Poland, Slovakia and the Czech Republic During the Years 1995-2010
Autorzy:
Baran, Katarzyna Anna
Powiązania:
https://bibliotekanauki.pl/articles/517409.pdf
Data publikacji:
2013
Wydawca:
Instytut Badań Gospodarczych
Tematy:
determinants of economic growth
transition economies of Central Eastern Europe
Sollow growth accounting
Opis:
The main goal of the research is to obtain a comprehensive examination of the economic growth determinants in Hungary, Poland, Slovakia and the Czech Republic (CEEC-4) since 1995. For this purpose, two methodological approaches have been applied: the Solow growth accounting and the non-parametric approach. At the beginning of the analysis, in order to obtain a general overview of the sources of economic growth in the former transition countries of Central Eastern Europe, the Solow growth accounting has been conducted. It decomposes the growth rate of output into contributions from changes in the quantity of the physical capital stock, the amount of labour input and some other unexplained factor commonly interpreted as reflecting technological progress and called the “Solow residual” or “Total Factor Productivity (TFP)”. The hypothesis that technological progress together with strong capital accumulation were the dominant factors behind the economic growth and convergence process in the Central Eastern European countries before the crisis is tested. As the Solow growth accounting does not reveal the driving forces behind the technological progress and, thus, a large part of the growth decomposition remains unexplained in the transition economies, the non-parametric approach has been employed to shed more light on the ultimate sources of economic growth in the CEEC-4. The non-parametric (production-frontier) method enables the further decomposition of changes in total factor productivity into changes in the efficiency of production and technological changes. Furthermore, it allows accounting for human capital accumulation, since improvements in quality of labour are also reflected in TFP growth.
Źródło:
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2013, 8, 3; 7-26
1689-765X
2353-3293
Pojawia się w:
Equilibrium. Quarterly Journal of Economics and Economic Policy
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The Purchasing Power Parity Puzzle and Imperfect Knowledge: The Case of the Polish Zloty
Autorzy:
Kelm, Robert
Powiązania:
https://bibliotekanauki.pl/articles/2076449.pdf
Data publikacji:
2017
Wydawca:
Polska Akademia Nauk. Czytelnia Czasopism PAN
Tematy:
purchasing power parity
expectations
econometric modelling
cointegration
transition economies
Nauki Humanistyczne i Społeczne
Opis:
A review of the contemporary mainstream literature on exchange rate modelling clearly indicates that the rational expectations hypothesis (RE) is almost invariably taken as a point of reference in empirical investigations. This paper tests the RE hypothesis for the Polish foreign exchange market within the Roman Frydman and Michael Goldberg model that builds on the hypothesis of imperfect knowledge economics (IKE). The employed modelling strategy consists in the formulation of assumptions about the persistence of nominal rate, prices and interest rates and of the verification of competing scenarios congruent with RE and IKE. As a result of the analysis, the RE hypothesis is rejected in favour of the IKE alternative
Źródło:
Central European Journal of Economic Modelling and Econometrics; 2017, 1; 1-27
2080-0886
2080-119X
Pojawia się w:
Central European Journal of Economic Modelling and Econometrics
Dostawca treści:
Biblioteka Nauki
Artykuł
Wyświetlanie 1-15 z 23

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