Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 4

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  PANEL DATA ANALYSIS
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1

INTERNATIONAL REMITTANCES AND POVERTY: BLESSING OR CURSE?

100%
Can Z. G., Çiftçi H.
Ekonomický časopis (Journal of Economics)
|
2022
|
vol. 70
|
issue 6
544 – 561
EN
This paper aims to examine the effectiveness of international remittances on poverty. The equation explaining the determinants of poverty is analysed using the fixed-effects regression model, and the equation examining the existence of a two-way relationship between poverty and international remittances is analysed using the three-stage least squares model. The empirical findings reveal that there is a bi-directional relationship between poverty and international remittances. An increase in poverty levels triggers migration abroad, and remittances sent by immigrants to their country of origin reduce poverty. An increase in government spending and household income reduces poverty, while an increase in income inequality and inflation exacerbates poverty. Moreover, trade openness has a positive effect on international remittances, and official remittances become easier in financially developed economies as transaction costs decrease. By channelling international remittances, which are considered a stable source of finance, into the accumulation of physical and human capital, they contribute to economic development and increase their impact on poverty. This study contributes to the literature by using the most recent and comprehensive dataset and econometric methodology, and by differentiating the impact of international remittances on poverty by income group-specific effects as well as by region-specific effects.
2

LAFFER CURVE DECOMPOSED

80%
Hájek J., Šafr K., Rotscheld J., Čadil J.
Ekonomický časopis (Journal of Economics)
|
2021
|
vol. 69
|
issue 3
306 – 326
EN
The paper analyses the models of the Laffer curve addressed in the academic literature and strives to explain the effects which can exist in relation with the original curve and the one modified by other academicians. The effects are decomposed in a theoretical manner and statistically tested thereafter with a dataset covering the period 2000 – 2012 consisting of data for Belgium, Denmark, Finland, France, Ireland, Italy, Luxembourg, Germany, the Netherlands, Portugal, Austria, Greece, United Kingdom, Spain, Sweden, the Czech Republic, Estonia, Hungary, Norway, Poland, the Slovak Republic and Slovenia. The main value added of the paper lies in the outcomes of the cross-sectional panel data regression testing the model derived from the theoretical decomposition of the curve as well as graphical expression of the particular effects. Based on the result of the analysis only a few of the decomposed effects could have been observed mainly the originally anticipated negative correlation of tax base and tax rate, positive correlation of labour productivity and tax base or negative correlation of tax base and unemployment level. Other effects (grey economy, tax competition, government spending, etc.) were not proven.
3

DIFFERENCES OF PRIVATE EQUITY DETERMINANTS: COUNTRY-LEVEL EVIDENCE FROM EUROPE

80%
Štofa T., Šoltés M.
Ekonomický časopis (Journal of Economics)
|
2020
|
vol. 68
|
issue 8
827 – 845
EN
This paper deals with private equity determinants within the European Union, based on data covering 11 years and 20 countries. We investigate driving forces of private equity activity in terms of the level of country maturity. The cluster analysis using Ward’s method is performed suggesting three different clusters of countries with similar properties, to provide better country assessment than geographical distribution. We use panel data techniques to study 26 possible determinants of private equity activity. The study reveals the macroeconomic factors, labour market, and business environment have a significant impact on investment activity in countries, but the expected positive effect of the stock market was not confirmed. Furthermore, the differences between private equity determinants in individual clusters have been observed. While the positive impact of innovation prevails in the more developed countries, there is also a negative effect of the interest rate. The less developed countries tend to be more endangered by the crowding-out effect of government expenditures and strong property rights protection rather than socio-political stability and tax burden.
4

RESEARCH AND DEVELOPMENT SPENDING AND EXPORT PERFORMANCE BY THE TECHNOLOGICAL INTENSITY OF THE PRODUCTS

61%
Bojnec Š., Fertӧ I.
Ekonomický časopis (Journal of Economics)
|
2014
|
vol. 62
|
issue 10
1065 – 1080
EN
This article examines the effects of research and development (R&D) spending on merchandise export by low, medium-low, medium-high, and high technological intensity of the products between OECD countries by panel data econometric approaches using a gravity model. R&D spending is positively associated with merchandise exports, particularly for high technological intensity products in exporting countries. R&D spending can contribute to offsets the effect of distance on merchandise export, except for low technological intensity products. R&D spending fostered catching-up in merchandise export from developing to developed OECD countries in each technological intensity of the products, particularly for high and medium low technological intensity of the products and served in successful import penetration in medium-high and medium-low technological intensity of the products. R&D spending can play important role in strategies of export-oriented industrialization by a shift of merchandise exports towards higher technological intensity of the products and in successful import penetration.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.