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EN
International synchronisation of business cycles is an important research area of contemporary open economy macroeconomics, and thus a major focus of the literature on the economics of international rela¬tions. Since the issue is very wide, a number of complex and advanced methods can be applied to analyse it, which has given rise to a broad debate on relevant methodology. The aim of the paper is to overview the key methodological aspects and problems of the modern empir¬ical studies on international synchronisation of business cycles. The author focuses on the following analyti¬cal problems: methods most commonly used in detecting the business cycle synchronisation (convergence), methods of detrending (filtration) in time-series analysis, and the type of data used (panel data studies).The presentation of methodology is illustrated by selected examples of their use in empirical studies in the Polish and foreign literature.
EN
The aim of this article is to present selected modern modeling approaches used in analyzing international transmission of economic impulses (shocks) between countries and in particular the international effects of macroeconomic policy referring to the Mundell-Fleming model’s general concepts. The crucial aspect of the subject in question is an attempt to show, on the examples given, how the original Mundell-Flemingmodel has been “evaluating”, i.e. has been developed and modified by its followers in their endeavor to reflect the complicated reality of modern international economic relations and the economies’ mutual influences in the best possible way. Those modifications and improvements were expressed in abandoning some simplifications taken in the original model, adding new assumptions (for example regarding the imperfectly competitive markets, intertemporal choice, asymmetry of information, imperfect capital mobility), combining the Keynesian short-term analysis with some elements of the long-term approach, launching the dynamic concepts, wide application of the advanced econometric methods (quantitative tools), etc. The crucial aspect of the presented issue is that the basis created by the Mundell-Fleming model can be found in the newest multi-aspectual models used for a broad analysis of the current global economy and forecasting its future trends like Multimod by IMF, INTERLINKOECDor the New Global Model OECD.
PL
Jakość życia, jako kategoria złożona i trudna do zdefiniowania, stanowi przedmiot badań wielu dyscyplin naukowych. Ma także wymiar praktyczny, ponieważ jest przedmiotem zainteresowania w życiu codziennym mieszkańców danej społeczności, jak również odnosi się do punktu widzenia całej społeczności lokalnej. Wysoka jakość życia, jako nadrzędny cel strategii rozwoju, powinna być efektem prowadzenia polityki rozwoju na wszystkich poziomach zarządzania. Równocześnie powinna być szczególnie ukierunkowana na porozumienie władz gminnych z mieszkańcami, przy wykorzystaniu dostępnych narzędzi, ze względu na fakt funkcjonowania gminy na najniższym szczeblu władzy. Celem artykułu jest określenie, jakie działania powinny podejmować gminy dla stworzenia godnych warunków życia jej mieszkańców. Artykuł opracowano na podstawie dostępnej literatury przedmiotu, a wyniki analizy wskazują, że gminy podejmują działania, które mogą wpłynąć na podwyższanie jakości życia jej mieszkańców. Pozytywna ocena jakości życia to złożona wypadkowa wielu czynników, w tym czynników behawioralnych społeczeństwa oddziaływujących na ogólną ocenę.
EN
The quality of life as a complex and difficult to define category is a subject of many academic disciplines. In practical terms, it is also a matter of interest for a single resident of a community as well as the entire local community. A high quality of life as a primary objective should be the end result of a development policy at all levels of management. Simultaneously it should be aimed at the agreement between the local municipal authorities and the residents, with the application of available tools, due to the fact that the municipality functions as the lowest authority. The aim of this article is to determine what actions should be taken by the municipality to create the acceptable living conditions for its residents. The article was elaborated on the basis of the available literature and the results of analyses indicate that the municipal authorities are taking actions which can influence improvement of the local community living conditions. The positive evaluation of the quality of life is a result of many factors, including behavioural factors of the society, which affect the general assessment.
RU
Качество жизни, будучи сложной и трудной для определения категорией, представляет собой предмет изучения многих научных дисциплин. Ему присуще также практическое измерение, поскольку оно является предметом за-интересованности в повседневной жизни членов данного общества, а также относится к точке зрения всего местного общества. Высокое качество жизни, как основная цель стратегии развития, должно быть эффектом осуществления политики развития на всех уровнях управления. Заодно оно должно тоже быть направлено на договоренность гминных органов власти с жителями, с использованием доступных инструментов, имея в виду факт функционирования гмины на самом низком уровне власти. Цель статьи – определить, какие меры должны принимать гмины для создания надлежащих условий жизни ее жителей. Статья разработана на основе доступной литературы по предмету, а результаты указывают, что гмины принимают меры, которые могут повлиять на повышение качества жизни ее жителей. Положительная оценка качества жизни – сложный результат многих факторов, в том числе бихевиоральных факторов населения, влияющих на общую оценку
PL
The aim of this study is to present selected aspects of fiscal and monetary policy shocks as the subject of studies of open economy macroeconomics. The study concentrates on the development of the model presentation (evolution of the research method) in description of fiscal and monetary policy shocks, with a focus on the modern quantitative approach. At present the modern approach to the research on fiscal and monetary policy shocks is based on advanced methods of data analyzing, such as autoregressive models (VAR), or stochastic dynamic general equilibrium models (DSGE)
EN
Start-up companies constitute a very “representative” phenomenon of the global economy and are its special “product”, since they act mainly in the Internet-related and high-technology branches and they are usually seen as born globals. Thus, the type of their activity, implemented business models, products and services offered are “embedded” into the networks, i.e. not only of the local, but rather international and global markets. The same concerns the relations of those firms with other actors of the ecosystems, among others: institutions of science. The problem of relations between start-ups (and business in general) and the knowledge-based institutions theoretically lies in the cross-section of different research domains and can be tackled from different perspectives and on various problematic levels. Taking such a multi-dimensional attitude in analysing the issue is consistent with the holistic approach in tackling and covering the various analytical problems of start-up ecosystems, commonly accepted in the literature (partly as an effect of a kind of consensus among the researchers). Taking into consideration the richness of the aspects and sub-issues which should be analysed when studying the problem of the cooperation between start-up companies in Poland and knowledge-based institutions, the hereby paper implicitly prepares “the ground” for more detailed empirical studies basing on the overview of the chosen literature from the behavioural economy and social network theories. Then, there was the Polish ecosystem characterized with special attention put to the knowledge-based institution.
EN
The analysis of the international transmission of the economic shocks and influence, among them the international effects of the national macroeconomic policies, constitutes a very wide and multi-aspectual field of the open economy macroeconomics. Flourishing interest in this field of theory and research, resulting from the post-war dynamic development of the international economic relations (in many facets of this issue) and more broadly − globalization, has led to improving the ”old” schemes and models considered as underlying the core of the open economies’ theory. The evolution of the thougts on international economic linkages and progress made in analysing them were marked by including into the analysis some new assumptions more adequate to the changes observed in the global economy and more perfectly reflecting new tendencies creating modern global ”reality”. All above has led to shaping so called new advanced approach to the open economy macroeconomics. In the empirical aspect, this approach is based on wide implementation of econometric modelling and panel data analysis. As to the theory we can say it is a synthesis – the effect of many years’ scientific research in the field. The aim of the article is to present the new advanced models of the global economy, in particular this part of them which refers to the international transmission of the effects of national macroeconomic (fiscal and monetary) policies and other shocks influencing modern open markets (interest rate shocks, price shocks, terms of trade shocks etc.). To realize so specified goal the following models will be briefly presented: International Monetary Fund’s Multimod, INTERLINK OECD (widely used in the global research in the 80s and the 90s) and the New Global Model OECD (currently implemented). As the background the chosen key steps of the evolution in the theoretical approach as well as empirical research in this stream of the open economy macroeconomics will be overally presented, starting from the Mundell-Fleming model being the crucial turning point of the thoughts on international linkages and macroeconomic policy influence. The author is going to underline the following aspects of the progress which has taken place in the questioned field of research: implementation of new approaches originating from the neo-classical concepts (e.g. the monetary approach to modelling the exchange rates), incorporating the monopolistic competition, monopolistic and oligopolistic economy models into the overall analysis, taking into consideration the short-term effects of the dynamic changes coming from temporary or permanent price, demand or terms of trade shocks, taking the assumption of the incomplete markets and intertemporal choice as an integral part of the analysis.
PL
W niniejszym artykule dokonano analizy wpływu synchronizacji cykli koniunkturalnych krajów Europy na ich podatność na zewnętrzne szoki gospodarcze w kontekście skutków kryzysu globalnego 2007-2009. Autorzy połączyli w badaniu dwa problemy makroekonomiczne. Są to: z jednej strony zagadnienie uwarunkowań gospodarek na wpływ impulsów gospodarczych „z reszty świata”, z drugiej – kwestia synchronizacji cykli koniunkturalnych jako efekt powiązań/współpracy gospodarczej między krajami, ale też jedno z uwarunkowań potencjalnie zwiększający wzajemną podatność krajów na szoki. Badanie wykazało, że w analizowanych krajach sam poziom konwergencji cykli nie stanowi istotnego czynnika bezpośrednio determinującego pogłębienie się kryzysu 2008-2009. Synchronizacja cykli – obserwowana w okresach stabilnej koniunktury – nie objaśnia więc reakcji gospodarek na ogólne załamanie gospodarcze. Dodatkowo, w rozprzestrzenianiu się kryzysu, zwłaszcza początkowo, główną rolę odgrywały powiązania rynków finansowych, których sama rola w synchronizacji cykli jest niejednoznaczna.
EN
The paper analyses the factors explaining the vulnerability of the European countries’ industries to foreign trade and production downturn in the years 2008-2009 and attempts to identify branches and industries (or their features significant in this context) that most greatly contributed to the last crisis transmission in Europe, mainly through the slump in their trade. Among those factors we took into particular consideration: the level of specialization versus diversification of the export basket and production, trade openness in the cross-country and cross-industry perspective, the intra-industry/inter-industry structure of trade and the financial openness.
EN
The aim of the paper is to present the results of a comparative analysis of the macroeconomic con¬sequences of the 2008-2009 global financial crisis in the European countries and other regions of the world. The consequences are understood here as the ‘costs of the crisis.’ The macroeconomic costs of the crisis have been estimated using data on GDP per capita, GNP and aggregated value added for all the ana¬lysed 81 coun¬tries. The choice of the estimation method resulted from studies on the research tech¬niques implement¬ed by other authors, both Polish and foreign, interested in the problem. The empirical part of the paper estimates and analyses the costs of the crisis in individual economies, in some groups of countries in Europe and other parts of the world, as well as in globally im¬portant economies (USA, Japan, NAFTA, South America, South-East Asia, ASEAN countries etc.). A similar analysis has been carried out on components of GDP (consumption, investments, government purchases and net export) and in a cross-sectional (cross-industry) perspective. The study reveals that the European economy as a whole (and in particular the EU and euro area countries), as compared with other regions/world markets, has suffered especially severe conse¬quences of the world crisis. Analysis of the ‘structure’ of declines in Europe in a cross-industry per¬spective shows that the economies most affected by the crisis include the Baltic countries and the ‘newcomers’ to euro area, particularly in manu¬facturing, mining and service industries.
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