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Fiscal sustainability vs tax gap – Evidence from Poland Acta Oeconomica (IF 0.939) Pub Date : 2022-03-25 Tomasz Uryszek,Alina Klonowska
Abstract The main goals of the article are to investigate the level of fiscal unsustainability in Poland and estimate the tax gap necessary to stabilize the size of the public debt and to follow a path to fiscal sustainability. It hypothesizes that by closing the tax gaps for value-added tax (VAT) and personal income tax (PIT), Poland can cover most of its current fiscal needs and stabilize the country’s
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Is the European Union still a convergence machine? Acta Oeconomica (IF 0.939) Pub Date : 2022-03-25 Sándor Gyula Nagy,Dženita Šiljak
Abstract We investigate whether the European Union can be considered as a convergence machine after the 2008/2009 financial crisis. To do so, we econometrically test the relationship between the per capita GDP growth rate and macroeconomic variables in the period of 2004–2018, further subdivided into three periods: 2004–2008, 2009–2013 and 2014–2018. We hypothesize that the 2008/2009 financial crisis
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Weakness of will. The limitations of revealed preference theory Acta Oeconomica (IF 0.939) Pub Date : 2022-03-25 Aleksander Ostapiuk
Abstract The phenomenon of weakness of will – not doing what we perceive as the best action – is not recognized by neoclassical economics due to the axiomatic assumptions of the revealed preference theory (RPT) that people do what is best for them. However, present bias shows that people have different preferences over time. As they cannot be compared by the utility measurements, economists need to
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Entrepreneurship and economic growth in emerging markets: An empirical analysis Acta Oeconomica (IF 0.939) Pub Date : 2022-03-25 Maja Ivanović-Đukić,Bojan Krstić,Tamara RaĐenović
Abstract Policy makers must identify the priorities in which resources should be invested in order to stimulate growth. This requires the identification of drivers of economic growth. Numerous researchers have pointed out that entrepreneurship is one of the key drivers of growth in the developed countries. However, sometimes entrepreneurship can be “unproductive”, and even “destructive”, because different
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Real wages and the business cycle in Turkey Acta Oeconomica (IF 0.939) Pub Date : 2022-03-25 Altan Aldan,Hatice Burcu Gürcihan Yüncüler
Abstract The article analyzes the direction and scope of the responsiveness of real wages to the business cycle in Turkey using longitudinal data from 2005 to 2015. We found that wages in Turkey are procyclical; one percentage point increase in the unemployment rate induces a 0.6% decline in real wages. There is a variation in the patterns along the lines of wage distribution among the subgroups with
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The effect of public transport disruption on bicycle usage. Evidence from a natural experiment in Budapest Acta Oeconomica (IF 0.939) Pub Date : 2022-03-25 Barna Bakó,Zombor Berezvai,Péter Isztin,Kristóf Máté Nagy
Abstract In this article we use a natural experiment to assess the effects of a public transport disruption on the bicycle sharing system ridership. We exploit maintenance work on a major tram line in Budapest. Fixed effects panel regressions are applied in a difference-in-difference setting. Our results show that bicycle sharing usage significantly increased on weekdays during the disruption, however
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Political development and economic performance in the last 200 years Acta Oeconomica (IF 0.939) Pub Date : 2022-03-25 Michal Mádr
Abstract The aim of the paper is to verify whether there has been a causal relationship between economic performance and the quality of political environment in the last 200 years. Mainly, the paper explores the bi-directorial causality for the period of 1821–2016. To attain the aim, the paper uses Granger causality test. The differences between the individual regions (Europe, Latin America and former
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Wealthier is healthier? Healthier is wealthier? A comprehensive econometric analysis of the European countries Acta Oeconomica (IF 0.939) Pub Date : 2021-09-21 Reyhan Cafri Açci,Pinar Kaya Samut
Abstract Healthier people contribute more to the development of the economy. Besides, in a better economy, people have a better quality and healthier life. At this stage, one has to ask which one precedes the other: health or wealth? To find the answer, this study aims to investigate the causality relationship between health and inclusive wealth in the European countries for the period of 1990–2015
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Reinvestment of earnings in Polish FDI inflows Acta Oeconomica (IF 0.939) Pub Date : 2021-09-21 Aneta Kosztowniak
Abstract The aim of this paper is to diagnose the cause-and-effect relationships between reinvestment of earnings (RoE) and other components of FDI inflows and GDP in Poland in the years of 2004–2019, using the VECM model**. Changes in the structure of FDI inflows in Poland are in line with the stages of the FDI life cycle. The increase in the share of RoE in the structure of these investments is also
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Expansionary or restrictive policies in the Eurozone? Dominating trends in the first two decades Acta Oeconomica (IF 0.939) Pub Date : 2021-09-21 Joanna Stawska,Paulo Jorge Reis Mourao
Abstract Our aim is to identify periods of restrictive versus expansionary economic policy in the euro area in the last two decades. We firstly conducted the study for identifying the dominant trend in fiscal policies and then in monetary policies. We studied several fiscal outputs, focusing on the cyclical adjusted primary balance. We also analysed the European long-term and short-term interest rates
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A new theoretical model of government backed venture capital funding Acta Oeconomica (IF 0.939) Pub Date : 2021-09-21 Balázs Fazekas,Patrícia Becsky-Nagy
Abstract Government involvement in the venture capital (VC) market has become an important catalyst of the entrepreneurial ecosystem of young and innovative firms. There is an extensive literature describing the VC model, but the models of its government backed variants are not comprehensively discussed. The article focuses on the model of purely government backed venture capital (GVC) and hybrid venture
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Stress tests in Hungarian banking after 2008 Acta Oeconomica (IF 0.939) Pub Date : 2021-09-21 Zoltán Pollák,Dávid Popper
Abstract The 2008 crisis highlighted the importance of using stress tests in banking practice. The role of these stress tests is to identify and precisely estimate the effect of possible future changes in market conditions on capital adequacy and profitability. This paper seeks to show a possible methodology to calculate the stressed point-in-time probability of default (PD) parameter. The presented
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Is Modern Monetary Theory’s prescription to spend without reference to tax receipts an invitation to tyranny? Acta Oeconomica (IF 0.939) Pub Date : 2021-09-21 Brian P. Hanley
Abstract A set of policy prescriptions based on Modern Monetary Theory (MMT) have been developed that are independent of the monetary model, which are often presented together, in a context that does not require taxation: guaranteed income, job guarantee and full employment. These are enabled by the ability of a government to deficit spend as needed, as long as government controls its sovereign currency
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Where is victory most certain? The level of luck-based noise factor in Summer Olympic Games Acta Oeconomica (IF 0.939) Pub Date : 2021-09-21 Gergely Csurilla,András Gyimesi,Erika Kendelényi-Gulyás,Tamás Sterbenz
Abstract We describe a statistical approach for the measurement of the newly defined luck-based noise factor in sports. It is defined as the difference between the actual outcome and the expected outcome based on the model predictions. We raise the question whether some sports exhibit a higher level of noise-factor than others, making investments in that sport riskier. Data from 14 individual sports
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Correlation between misinvoicing and non-tariff measures for Turkey's exports to the EU Acta Oeconomica (IF 0.939) Pub Date : 2021-06-23 Ayşegül Karataş,Halil Şimdi,Büşra Garip
AbstractMany researchers have analysed the factors that cause discrepancies in the mirror trade statistics. However, the conflicting findings of the relatively limited number of studies on the relation between non-tariff measures and misinvoicing make further research in this area necessary. Therefore, our paper aimed to analyse the impact of non-tariff measures on misinvoicing in the context of Turkey's
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Competitiveness in the Serbian growth strategy Acta Oeconomica (IF 0.939) Pub Date : 2021-06-23 Enes Ćorović,Živorad Gligorijević
AbstractThe paper focuses on the effects of the reformed growth strategy on the competitiveness of the Serbian manufacturing industry during the period of 2007–2016. The paper applies the analytical tools devised by the International Trade Centre, as well as Balassa's RCA Index and some other methodologies. All indicators point to similar conclusion: the reformed growth model would significantly contribute
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A flexible and concerned European Union – A new proposal Acta Oeconomica (IF 0.939) Pub Date : 2021-06-23 Bruno Dallago,Steven Rosefielde
AbstractThe paper proposes the construction of a multi-speed, multi-track and multi-level European Union framework as a way to increase the flexibility of the integration process and facilitate inter-country conflict resolution. The paper shows that this malleable framework is superior, even for sensitive macroeconomic spillover issues like monetary union and immigration.
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The impact of fundamental uncertainties on economic growth Acta Oeconomica (IF 0.939) Pub Date : 2021-06-23 Ömer Yalçinkaya,Ali Kemal Çelik
AbstractThis paper addresses the impact of fundamental (economic, political and geopolitical) uncertainties on GDP growth of the world’s largest 20 economies (W-20) using the Cobb-Douglas total production function within the scope of the second-generation panel data methodology for 1990–2016. The aim of the paper is to explore whether these uncertainties lead to a contractionary impact on growth as
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The dynamics of state ownership: The decisive role of crises Acta Oeconomica (IF 0.939) Pub Date : 2021-06-23 Éva Voszka
AbstractThe big waves of change in state ownership in the 20th-century Europe moved in the same direction ‒ either nationalization or privatization. Yet this homogeneity has fallen apart in the last decade: globally and within several countries, the two directions have changed quickly or even have been appearing in parallel. So, it is worth returning to the question: what is the reason for these reversals
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Are interest rate changes comoving with financial cycle? Acta Oeconomica (IF 0.939) Pub Date : 2021-06-23 Paweł Smaga
AbstractWe explore to what extent official interest rate changes can potentially in a procyclical manner impact different financial cycle indicators (credit/GDP, debt service ratio, house prices and stock market indices). We test this on data covering 1995−2016 in 21 countries and the euro area using the Concordance index and Monetary policy procyclicality ratio. Results show that this was not a widespread
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Companies' growth vs. growth opportunity: Evidence from the regular and alternative stock markets in Poland Acta Oeconomica (IF 0.939) Pub Date : 2021-06-23 Monika Bolek,Piotr Pietraszewski,Rafał Wolski
AbstractThe article discusses the ability of potential growth measures calculated basing on market share prices to predict the future growth of the companies listed on the primary and alternative exchange markets in Poland. Analysing the Polish exchange market and dividing the sample of companies due to the markets they are listed – the Warsaw Stock Exchange Main Market or the NewConnect Alternative
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Welfare implications of external debt and capital flight in Sub-Saharan Africa (Evidence using panel data modelling) Acta Oeconomica (IF 0.939) Pub Date : 2021-06-23 Isaac Kwesi Ampah,Gábor Dávid Kiss
AbstractThe countries in Sub-Saharan Africa (SSA) have experienced a positive growth rate of over five per cent per year, on average, since their transition from the Heavily Indebted Poor Countries Initiative in 1996 and the Multilateral Debt Relief Initiative in 2006. Despite this growth, poverty and inequality are still very high. Employing the Driscoll – Kraay standard panel estimation method and
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The life and works of Domenico Mario Nuti, 1937–2020: An appreciation Acta Oeconomica (IF 0.939) Pub Date : 2021-06-23 Saul Estrin,Milica Uvalic
AbstractIt is challenging to provide an encompassing portrait of Mario Nuti's life and works: he was an exceptional man, who made significant intellectual contributions across a wide range of fields, as well as inspiring generations of students, colleagues and the profession in general, for more than fifty years. A brilliant debater and controversialist, he was equally at home in economic theory and
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Income inequality and the cost of recessions Acta Oeconomica (IF 0.939) Pub Date : 2021-03-30 Mostafa Shahee,Glenn P. Jenkins
AbstractThis study empirically examines the relationship between the severity of recessions experienced by countries and their income distributions. The analysis is carried out for 28 higher middle- and high-income countries between 1970 and 2013. The empirical evidence derived from the changes in the Gini-index suggests that a greater degree of income inequality increases the cumulative loss of GDP
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Culture, corruption and economic development: The case of emerging economies Acta Oeconomica (IF 0.939) Pub Date : 2021-03-30 Tatjana Horvat,Philipp Mayrleitner,Romana Korez Vide,Vito Bobek
AbstractThis paper aims to examine specific cultural attributes which may be favourable to economic development or restrictive to corruptive behaviour. The indicators of GDP growth and GDP per capita, the Human Development Index (HDI), Hofstede's cultural dimensions and the Corruption Perception Index (CPI) were used within a two staged analysis on the sample of selected emerging economies between
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The impact of budget deficit, public debt and education expenditures on economic growth in Poland Acta Oeconomica (IF 0.939) Pub Date : 2021-03-30 Michał Konopczyński
AbstractThis paper investigates the relationship between economic growth in Poland and a few metrics of fiscal policy: budget deficit relative to GDP, the structure of public debt, education expenditures, and public consumption. We prove that with constant values of parameters of fiscal policy, over time the economy converges to the balanced growth path which is unique and globally asymptotically stable
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On the profitability of Polish large agricultural holdings Acta Oeconomica (IF 0.939) Pub Date : 2021-03-30 Justyna Góral,Michał Soliwoda
AbstractThe aim of this study is to examine the impact of selected determinants on various categories of profitability in the Polish agriculture. To answer this question, we employed a unique panel of 78 entities. We found that subsidies had a negative effect on profitability of large farms. Moreover, they did not detect a significant impact of variables related to farm operator. Financial surplus
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Internal devaluation: A controversial effort for adjustment within the Euro area Acta Oeconomica (IF 0.939) Pub Date : 2021-03-30 Eszter Boros
AbstractThe euro crisis and its lessons are still not a closed chapter for economists and policy makers. The challenge to find the most appropriate ways to prevent intra-area imbalances is still on the top of the agenda. Nominal adjustment (internal devaluation) remains one of the most critical aspects of this debate. Many are indeed interested in whether austerity measures in several countries “made
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The state of the state – Economic property rights and firm profitability versus corruption. New evidence from the Czech Republic Acta Oeconomica (IF 0.939) Pub Date : 2021-03-30 A.P. Malinowska
AbstractDespite significant advances in economic literature on the relationship between graft and economic growth, the consensus in nowhere in sight. The current paper enriches the extant literature on the subject by: 1) extending econometric techniques in an attempt to quantify and model institutional development; and 2) providing novel results on the dynamics between non-standardised and standardised
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Related trade variety, foreign-domestic spillovers and regional employment in Hungary Acta Oeconomica (IF 0.939) Pub Date : 2020-12-01 Zoltán Elekes,Balázs Lengyel
AbstractThis paper investigates the role of extra-regional capabilities in regional economic development in a Central and Eastern European context. This is done by analysing the association between the related variety of manufacturing import and export of domestic- and foreign-owned firms on the one hand, and regional employment in manufacturing export on the other. By means of a panel regression framework
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Hardening the budget constraint: Institutional reform in the financial management of Hungarian local governments Acta Oeconomica (IF 0.939) Pub Date : 2020-12-01 Tamás Vasvári
AbstractKornai (2014) described the problems of municipal indebtedness in Hungary and analysed the process of bailout carried out between 2011 and 2014. In the same period, the central government also reformed the local government system, which included serious limitations of their financial independence. This study re-examines the state of the soft budget constraint (SBC) of Hungarian local governments
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Perception of multilevel factors for entrepreneurial innovation success: A survey of university students Acta Oeconomica (IF 0.939) Pub Date : 2020-12-01 Balázs Borsi,Tibor Dőry
AbstractEntrepreneurial innovation is a complex phenomenon. Experimenting with research designs that could claim some degree of generalizable linking between the individual and external influencing factors is challenging. However, progress even in research niches can contribute to a more structured understanding of the process. This article focuses on the first stages of entrepreneurial innovation
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Hidden religious aspects of job satisfaction and work attitudes: The differences between Eastern and Western Europe Acta Oeconomica (IF 0.939) Pub Date : 2020-12-01 Kamila Fialová,Andrea Beláňová
AbstractThis paper examines the links between religion and job satisfaction. Its concern is to compare Eastern and Western Europe. We use the 2015 International Social Survey Programme (ISSP) data covering both non-religious individuals and individuals affiliated to a religious denomination. While the Western European countries generally report significantly higher levels of job satisfaction compared
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GDP and beyond: Prosperity convergence in the countries of Western and Eastern Europe Acta Oeconomica (IF 0.939) Pub Date : 2020-12-01 Mirjana Gligorić Matić,Biljana Jovanović Gavrilović,Nenad Stanišić
AbstractAfter Second World War (WWII) a true evolution in understanding of economic development happened, which affected the ways of measuring prosperity, i.e. perceiving changes in people’s welfare. Numerous indicators have been created, which go ‘beyond GDP’ and cover different aspects of development and well-being. The aim of this paper is to analyse prosperity convergence in 32 European countries
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Does the level of human capital matter for FDI in the Western Balkan countries? Acta Oeconomica (IF 0.939) Pub Date : 2020-10-06 Marija Petrović-Ranđelović,Tamara Rađenović,Bojan Krstić,Vladimir Mićić
AbstractThe purpose of this paper is to investigate the importance of human capital, as location determinant for the foreign direct investment (FDI) decisions in the Western Balkan Countries between 2008 and 2016. Apart from the human capital indicators, several location determinants were used as control variables. The hypothesis has been tested by employing correlation and regression analysis. The
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How to evaluate the quality of remuneration policy? Evidence from the Polish banking sector Acta Oeconomica (IF 0.939) Pub Date : 2020-10-06 Agnieszka Słomka-Gołębiowska,Piotr Urbanek
AbstractIn our paper we use an institutional perspective to define the concept of the quality of remuneration policy. Traditional perspective focuses on pay-per-performance relationship between top executives' remuneration and companies' performance. This study is based on the assumption that the acquisition of normatively defined compensation practices and structures is more important for the successful
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Determinants of foreign direct investment in advanced business services Acta Oeconomica (IF 0.939) Pub Date : 2020-10-06 Artur Klimek
AbstractThis paper is aimed at investigating determinants of recent flows of foreign direct investment (FDI) into advanced business services (ABS) in the European Union with the distinction between “old” (till 2004) and “new” member states (after 2004 extension). Special attention is put on the Visegrád countries. The factors affecting location decisions of multinational corporations were analysed
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Beyond the first glimpse (Analysis of the economic policy in Hungary from 1998–) Acta Oeconomica (IF 0.939) Pub Date : 2020-10-06 István Csillag
AbstractThere is a sharp contradiction between the economic performance of the Hungarian government of Victor Orbán and the institutional framework (toolkit) by which the seemingly stellar performance of the Hungarian economy has been achieved. It looks like as if the economic playground of the government (disciplined fiscal policy, unorthodox monetary policy and contradictory institutional system)
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Does volatility transmission between stock market returns of Central and Eastern European countries vary from normal to turbulent periods? Acta Oeconomica (IF 0.939) Pub Date : 2020-10-06 Ngo Thai Hung
AbstractThis study investigates the transmission mechanism of price and volatility spillovers across the Budapest, Warsaw, Prague, Bucharest, and Zagreb stock markets in the pre- and post-financial crisis periods under the framework of the multivariate Exponential Generalized Autoregressive Conditional Heteroskedasticity (EGARCH) model. By using daily closing prices, the results highlight certain interesting
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Economic growth and real exchange rate misalignments in the European Union Acta Oeconomica (IF 0.939) Pub Date : 2020-10-06 Judit Krekó,Gábor Oblath
AbstractWe investigate the relationship between economic growth and real exchange rate (RER) misalignments within the European Union (EU) during the period of 1995–2016. In addition to the relative price level of GDP, we quantify an alternative indicator for the RER: the internal relative price of services to goods. We interpret RER misalignments as deviations from the levels consistent with the levels
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ERRATUM: THE OUTPUT EMPLOYMENT ELASTICITY AND THE INCREASED USE OF TEMPORARY CONTRACTS: EVIDENCE FROM POLAND Acta Oeconomica (IF 0.939) Pub Date : 2020-08-13 Kristof Bartosik, Jan Mycielski
The paper investigates how increased use of temporary contracts has affected employment elasticity with respect to output in Poland. Our empirical analysis covers the period of 1996-2016, with particular focus on the years 2001-2016. Several econometric tools are used to explore the relation between growth in GDP and employment. Our study shows that widespread adoption of temporary contracts contributes
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Analysis of the Turkish Islamic banking sector using CAMEL and Similarity Analysis methods Acta Oeconomica (IF 0.939) Pub Date : 2020-06-01 József Varga,Gyöngyi Bánkuti,Rita Kovács-Szamosi
AbstractRating the reliability of banks has always been an important practical problem for businesses and the economic policy makers. The best way to do this is the CAMEL analysis. The aim of this paper was to create a bank-rating indicator from the five fields of the CAMEL analysis using two-two indicators for each field for the Turkish Islamic banking system. According to the results of the analysis
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Economic modelling – Beyond isolation and construction. The case of Austrian Business Cycle Theory as presented by Roger Garrison Acta Oeconomica (IF 0.939) Pub Date : 2020-06-01 Robert Mroz,Lukasz Hardt
AbstractThe paper explores the nature of economic models. It is claimed that accounting for it along the isolationism-constructivism line is untenable. A more integrated approach is needed, based on the pragmatist philosophical tradition, focussing rather on the modelling process than on the narrower notion of the model. This argument is backed by a case study: analysis of the Austrian Business Cycle
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The economic resilience of the Spanish provinces: From recession to recovery Acta Oeconomica (IF 0.939) Pub Date : 2020-06-01 José Villaverde,Adolfo Maza
AbstractThe purpose of this paper is to analyse the economic resilience of Spanish provinces and help to explain why some of them are much more resilient than others. To do so, the paper focuses on the recent, 2007–2009 economic crisis and computes a composite indicator (Resilience) made up of two sub-indicators: one for the recession period (Drop) and the other for the recovery period (Rebound). Then
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Tourism and economic growth in Greece: An ARDL bound testing approach in a Kaldorian framework Acta Oeconomica (IF 0.939) Pub Date : 2020-06-01 Konstantinos Spinthiropoulos,Christos Nikas,Eleni Zafeiriou
AbstractThe purpose of the study is to examine the relationship between tourism development and economic growth in Greece, using the Autoregressive Distributed Lag (ARDL)-Bounds testing procedure. The present paper attempts to examine the relevance of the tourism led growth hypothesis according to the Kaldorian theory. The analysis was carried out for the period from 1963 to 2016 and involves the short-run
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What determines the success of economic transition? Constructing regional advantage for Eastern and Western European regions Acta Oeconomica (IF 0.939) Pub Date : 2020-06-01 Korneliusz Pylak,Elżbieta Wojnicka-Sycz,Piotr Sycz
AbstractThe aim of this paper is to identify the differences in the determinants of successful transition (understood as the creation of a new development path) between the eastern and the western EU Member States between 1994 and 2014 and elaborate assumptions for a strategy of constructing regional advantage for them at the NUTS2 level. We find that the regional transition requires individual approaches
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Scores and clusters of Hungarian universities Acta Oeconomica (IF 0.939) Pub Date : 2020-06-01 Zsolt Tibor Kosztyán,Vivien Valéria Csányi,András Telcs
AbstractWe present an application preference, list-based framework to Hungarian universities, which allows different type of flexible aggregation, and hence, analysis and clustering of application data. A novel mathematical method is developed by which preference lists can be converted into scored rankings. The proposed approach is demonstrated in the case of Hungary covering the period of 2006–2015
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Is the efficiency of the healthcare system linked to the country's economic performance? Beveridgeans versus Bismarckians Acta Oeconomica (IF 0.939) Pub Date : 2020-03-01 GraŻyna Kozuń-Cieślak
AbstractThis paper examines the Bismarckian and Beveridgean-style healthcare systems in 25 OECD countries to identify the relationship between the efficiency of the country's healthcare delivery arrangement and its economic wealth. The Data Envelopment Analysis (DEA) is applied as a quantitative tool. I examine three models using infant mortality and potential years of life lost as output indicators
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The post-war Bosnia and Herzegovina: Social capital and pro-social behaviour Acta Oeconomica (IF 0.939) Pub Date : 2020-03-01 Adnan Efendic
AbstractThis paper investigates how social capital contributes to the pro-social behaviour of individuals in a post-conflict environment. I simultaneously investigate the pro-social behaviours in the periods of crisis (floods) and normality and observe whether (structural and relational) social capital has important influences in these two different times. The main novelty of this approach is that
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Adolescents' attitudes to risk and their employment sector choices in adulthood: Evidence from longitudinal data Acta Oeconomica (IF 0.939) Pub Date : 2020-03-01 Yen-Ling Lin
AbstractI investigated the effects of adolescents' attitudes toward risk on their choice of employment sector in adulthood. I employed a joint model of employment sector choice and three-dimensional background characteristics to demonstrate that employment preference is an inverse function of the degree of relative risk aversion. Empirical data was obtained from longitudinal data, and a logit model
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Tax amnesty and secondary tax evasion Acta Oeconomica (IF 0.939) Pub Date : 2020-03-01 Yu-Kun Wang,Li Zhang,We-Me Ho
AbstractThough tax amnesties (TAs) are considered as a policy tool to increase revenue for governments, they have generated some puzzles. To solve the puzzles of TA we should not ignore the behavioural aspects of delinquent taxpayers. In this paper, we focus on a relatively neglected but important area of the TA literature. Considering that people who participate in tax amnesty policy (TAP) may not
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The efficiency of the healthcare systems in EU countries – A DEA analysis Acta Oeconomica (IF 0.939) Pub Date : 2020-03-01 GheorghiŢa Dincă,Marius Sorin Dincă,Maria LetiŢia Andronic
AbstractThe objective of this paper is to identify the most efficient healthcare systems in a sample of 17 EU Member States. According to the health system financing schemes, the selected countries belong to two main groups, Beveridge and Bismarck. The research includes five input variables describing the financial and human resources, the level of health infrastructure, the medical technology and
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The output employment elasticity and the increased use of temporary contracts: Evidence from Poland Acta Oeconomica (IF 0.939) Pub Date : 2020-03-01 Kristof Bartosik, Jan Mycielski
The paper investigates how increased use of temporary contracts has affected employment elasticity with respect to output in Poland. Our empirical analysis covers the period of 1996-2016, with particular focus on the years 2001-2016. Several econometric tools are used to explore the relation between growth in GDP and employment. Our study shows that widespread adoption of temporary contracts contributes
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Introduction to the Special Issue on the Internationalisation of Central and Eastern European firms Acta Oeconomica (IF 0.939) Pub Date : 2019-12-01 Magdolna Sass,Péter Mihályi
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A Study of Regional-Level Location Factors of Car Manufacturing Companies in the EU Acta Oeconomica (IF 0.939) Pub Date : 2019-12-01 Ottó Csíki, Réka Horváth, Levente Szász
The paper aims to explore how factors of regional competitiveness are associated with the location of car manufacturing companies in the EU. Although the European automotive market can be characterized by an intense dynamics in terms of location choices, literature offers little empirical guidance on how regional factors influence the location of car manufacturers in the EU. This paper aims to fill
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Differences in Strategies between Rapidly and Gradually Internationalising Polish Firms Acta Oeconomica (IF 0.939) Pub Date : 2019-12-01 Mirosław Jarosiński, Krystian Barłożewski
The paper presents a qualitative study of rapidly and gradually internationalising Polish firms. It compares these two types of firms with a special attention to their competitive strategies. The results show that there are more similarities than differences between the two groups of firms from emerging markets. These findings, based on case studies and interviews must be interpreted with a lot of
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A Comparative Study of Multinational Subsidiaries and Local Companies in Emerging Economies: A Manufacturing Practice Approach Acta Oeconomica (IF 0.939) Pub Date : 2019-12-01 Levente Szász, Béla Gergely Rácz, Anca Borza, Botond Benedek
This paper investigates whether multinational companies possess superior manufacturing knowledge relative to domestic companies operating in emerging market countries. Manufacturing knowledge is operationalized as knowledge in use through the implementation and performance impact of manufacturing practices. Using survey data of 216 manufacturing plants located in five emerging countries, we apply analysis
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Family Firms with New Leaders in the Global Market – A Potential Success Story? Acta Oeconomica (IF 0.939) Pub Date : 2019-12-01 Ticián Baranyai, Miklós Kozma
The focus of our research is the internationalisation of the small-medium size family firms in Hungary, with particular attention to the effect of generational change on internationalisation. Our examination is based on interviews with the current management of six family firms from different industries. We had two research propositions: First, we analysed if and how successors in the family businesses
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Just Look behind the Data! Czech and Hungarian Outward Foreign Direct Investment and Multinationals Acta Oeconomica (IF 0.939) Pub Date : 2019-12-01 Magdolna Sass, Jana Vlčková
There has been an increase in outward foreign direct investment (FDI) and in the number of locallyowned or controlled multinationals in the Czech Republic and Hungary. However, data problems hinder to determine accurately the underlying trends and the main factors behind the changes. Data on outward FDI contain investment realised by all locally operational firms, regardless of their ownership. We
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The Specialties of the Pharmaceutical Value Chains in Hungary Acta Oeconomica (IF 0.939) Pub Date : 2019-12-01 Katalin Antalóczy, Tamás Gáspár, Magdolna Sass
The length, the composition, the quality and the characteristics of value chains essentially determine the corporate as well as the macroeconomic performance of the economic sectors and industries. Hungary has a strong tradition in the pharmaceutical industry but its dynamising impact seems to be limited on the economy. The aim of this paper is to detect and reveal the specialties of the Hungarian