Abstract The coronavirus pandemic has led to a loss of revenues for enterprises and workers due to workplace closures and restrictions on movement to ‘flatten the curve’. In response, governments have made available temporary financial support to enterprises and workers affected. This paper evaluates a group currently excluded from this support, namely enterprises and workers in the undeclared economy

Abstract In this paper, we consider the impact of patents and R&D cooperation on R&D investments in the oligopolistic industry with differentiated products. Four types of firms’ conduct are investigated: R&D competition without patents, R&D competition with patent protection, R&D cooperation, and the full industry cooperation. The obtained results suggest that patents do not necessarily promote R&D

Abstract The purpose of this paper is to investigate the impact of different forms of innovation on firm growth, in terms of sales. A total of 278 samples were collected from SMEs in the manufacturing, service and trade industries throughout Kosovo. The data were analysed using a logistic regression analysis. The findings confirm the hypotheses that marketing innovation is positively associated with

Abstract Performance of employees has been a vital matter for all organizations regardless of their sector. As organizations become more diverse, maintaining high performance becomes a challenge. This study examines the relationship between workforce diversity and organizational performance in educational sector of Cyprus through moderating effect of diversity fatigue. Mixed Method is used for the

Abstract The central theme in this article is Consumer Social Responsibility (CnSR) in the context of sustainable water consumption at home. In this paper, a conceptual SEM model will be tested based on the Theory of Planned Behaviour. This model focuses on the role of trust mediated by CnSR attitude, in influencing water conservation behaviour. Using a sample of 493 respondents, SEM analysis results

Abstract The present study addressed the issue of whether occupational Burnout Syndrome (BS) is associated with Romantic Relationship Dissatisfaction (RRS) among academics; it was also expected that Workplace Bullying (WPB) moderates the relationship between these variables. A cross-sectional study was conducted by delivering the questionnaire surveys to the recruited sample group of 320 university

Abstract This study uses a UN dataset of foreign-born residents in and from 154 different countries, available every fifth year since 1990, to estimate an augmented gravity model for Eastern Europe and the world. Migration responds to higher incomes in the host country, though the effect diminishes with income. Unlike the rest of the world, East European migration increases with the exchange rate in

Abstract Emerging countries’ economies are dependent on foreign capital inflows. For policy makers and researchers of particular interest is to understand the nature of these flows and their impact on the domestic capital market. The first significant foreign inflows entered the Macedonian Stock Market at the end of 2004, and stock prices were increased. It was general belief among the investors that

Abstract Regional development is firmly rooted in the theory of land management, and today’s considerations and analyses in this area are gaining special importance. The relationship between specific conditions and the observed effects of regional development was considered under various theoretical concepts. Additionally, the interdependence of processes taking place on the international, national

Abstract This paper deals with the influence of competition on soundness of Croatian insurers using the Boone indicator when measuring competition. The authors analyse Croatian insurers that operated over the pre-EU accession period 2008 – 2012 as well as in the period 2013 – 2017, i.e. after the accession to the EU. Several firm-level, industry-level and macroeconomic variables are used in the research

Abstract The main goal of this study is to investigate whether higher (cost-effective) operational efficiency in restaurants can be achieved without lowering the perceived level of service quality. This study also investigates the importance of restaurants’ size on operational efficiency and on the perceived level of service quality. We present the methodological procedures used to investigate the

Abstract The aim of the paper is to build a ranking of municipalities due to their level of efficiency from the development point of view. According to the aim, it is possible to find out which indicators are crucial for the efficiency of municipalities in terms of sustainability. The research study involved DEA (Data Envelopment Analysis) approach. Conducted research study covered 2044 Polish municipalities

Abstract This article is an attempt to determine the optimal size of the general government sector (GGS) from the point of view of the economies of EU countries. Achievement of this research objective implied a few intermediate objectives. Firstly, measures enabling the description of the size of the general government sector were identified. In order to do that, measures present in the literature

Abstract Migration and remittances are argued to be an effective mechanism for mitigating poverty, as well as a coping mechanism for disadvantaged households with no or little employment and earning opportunities in Kosovo. A considerable part is reported to be directed towards consumption and very little for investment or enterpreneurship purposes. The high dependence of households on remittances

Abstract The aim of this paper is to examine performance of pension funds in Croatia, or more precisely, to measure the technical efficiency of mandatory pension funds. The main role of the pension funds is to collect and invest the money contributed by the employer or the employee during working years until retirement. Therefore, development of pension funds as institutional investors is especially

Abstract The main aim of this paper is to investigate the productivity changes of microfinance institutions (MFIs) in Bosnia and Herzegovina (BiH) during and after the recent financial crisis. The study covers the period starting from 2008 until 2015. Using the Malmquist Productivity Index (MPI) over the sample of 10 MFIs and a balanced panel dataset of 80 observations, this study explores technical

Abstract The Eastern enlargements of the European Union (EU) since the early 2000s have included post-transitional economies at a lower level of development than the existing member states and thus, have significantly affected the East-West migration flows and labour markets on both sides. This has provided a distinctive opportunity to study the effects of liberalisation and to identify economic factors

Abstract Demand for high-quality shopping service has seen continuous growth in the recent years, allowing retail chains to achieve sustainable competitive advantage, increase number of loyal customers. This in-turn results in demand boosting and image of the firm. To analyze and achieve this emotional reactions of customers while shopping becomes important. The paper attempts to evaluate the effect

Abstract The goal of the paper is to estimate relative importance of channels of technological diffusion between new member states and core EU countries. Based on neoclassical growth theory and extensive literature survey on technological diffusion we explore movements in the relative TFP in EU member states and try to identify relative importance of channels of technological diffusion as suggested

Abstract The objective of this research is to examine the relationship between HR roles and HR role stressors in determining the effectiveness of HRM. Specifically, the purpose of the study is to examine the link between 1) the HR roles (administrative expert, employee champion change agent, and strategic partner) and HR role stressors (role ambiguity and role overload), as well as HRM effectiveness

Abstract This study examines the relationship between bank credits and performance and growth of manufacturing sub-sectors. Industrial Production Index was used for a different approach as a dependent variable. Indications of the autoregressive distributed lag (ARDL) bound co-integration test support the theory that bank credits are more effective than loan rates on industrial production of sub-sectors

Abstract Economic changes and a booming tourism industry in Iceland have triggered a rise in temporary workforce, where employees are brought to Iceland from Eastern Europe and other less economically developed countries. Major societal and economic shifts are evidenced by a doubled number of temporary staffing agencies and a ten-fold increase in foreign temporary agency workers. However, limited research

Abstract Efficiency measurement of economic phenomena is of great importance to economists. Known terms and concepts from microeconomic theory and Data Envelopment Analysis regarding efficiency have been developed and adapted to cater to different questions and areas of economics. This paper focuses on applications in the area of finance, more specifically, portfolio optimization and Markowitz model

Abstract This paper evaluates the effects that Active Labour Market Programmes (ALMPs) as a component of Public Employment Services (PES) in Kosovo, have on their participants. The study focuses on the likelihood of individual employment as a result of the PES measures using microdata from the Labour Force Survey in Kosovo. Under deficiency of estimates on labour market measures effectiveness, the

Abstract Despite the growing recognition that unregistered employment remains a common problem both in South-East Europe and well beyond, there has been little evidence available on its prevalence and distribution. This paper contributes to filling the gap, by utilising data from a 2017 large scale national representative survey of 8,533 households in Kosovo. This reveals that 34.6% of all employees

Abstract The purpose of this research is to investigate the effects of perceived value dimensions (i.e., economic value, hedonic value, symbolic value, and social value) on behavioral intent to engage in collaborative consumption from the perspective of Generation Y. Furthermore, this research aims to investigate the mediating effect of young consumers’ attitude toward collaborative consumption on

Abstract Following competing theories, the paper brings the determinants of the Serbian and Romanian current account dynamics with policy implications. The research sample consists of quarterly time series data over the period 2004q1–2017q2 and 2007q1-2017q4 for the cases of Serbian and the Romanian case, respectively. The estimates from the state space model with time-varying parameters (TVP) approach

Abstract This study examines Kosovo’s attempts to create efficient political and economic institutions while assuming that if these institutions cannot perform well and the market economy will also fail. Thus, the main aim of this paper is to understand the reasons behind institutional and economic failure. A qualitative research approach that we used is based on a longitudinal perspective and a set

Abstract The purpose of this study is to examine links between, on the one hand, employee satisfaction, loyalty and performance, and on the other, the relationship between customer satisfaction and loyalty, as well as their inter-relationship. We conducted a study with employees (53 employees) and students (262 students) across seven departments of a private university in a developing European country

Abstract This paper explores the size of the informal economy in Bosnia and Herzegovina (BiH) over the period 1998- 2016, based on an indirect method of measurement known as the MIMIC approach (Multiple Input Multiple Causes). As the underlying determinants of the informal economy in BiH we include tax burden, the level of unemployment, the size of the agricultural sector and the level of government

Abstract Sustainable tourism plays a dominant role in the economic well-being of some of the world’s countries, especially small ones. Tourism earnings account for a significant proportion of their GDP, and they have an overwhelming reliance on tourism as a source of service exports. The general trends in tourism earnings and volatilities in country risk ratings often go hand in hand, especially for