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EN
In the present study the authors examined the spatial disparities of the Visegrad four countries to see whether the lasting cooperation of the four countries resulted in harmonious economic development or increasing gaps between the years 2000 and 2018. Based on the research results it can be concluded that regional disparities between core and periphery regions of V4 countries still have not been eliminated to a significant extent. Despite the fact that the Visegrad Group has been in the EU for 18 years, the catching-up of its regions occurred with various speed, and no harmonised development can be observed within the Group.
EN
Research background: In the developed countries, the services sector, which also includes the accommodation services, is a significant source of the gross national product. Tourism can be perceived as an important determinant of countries' economies, so attention paid to the needs of clients is at least necessary and beneficial. Purpose of the article: The aim of the study is to assess the quality of services provided and the perception of the hotel from the point of view of the accommodated clients. This objective was fulfilled by determining the effect of selected indicators of perception of the quality of provided services (location, personnel evaluation, cleanliness, equipment, comfort, price/quality ratio of provided services, free Wi-Fi connection) on the indicator determining the perception of the hotel (polarity of sentiment). Methods: In the analysis of the above, 22,000 text-reviews of 117 five-star hotels of the Visegrad Group countries were evaluated. The hotel reviews were obtained from Tripadvisor.com and indicator rankings from Booking.com. The analysis made use of the regression analysis methods - influence (regulatory models - Ridge, Lasso, Elastic net, and multiple linear regression - OLS). Findings & Value added: It has been found out that hotel equipment and cleanliness have the greatest effect on the polarity of sentiment. As could be expected, the trend has an upward tendency - that is, as quality increases, so does the sentiment polarity - the perception of hotel facilities. Overall, the analysed sentiment variables can be considered positive, as was confirmed by the positive coefficients of the coherence analysis (Spearman-ρ; Pearson-r), as well as the upward trend in the predictions under the regression analysis. Hotels should be strategically customer-oriented and, as the analyses show, pay the greatest attention to equipment and cleanliness. The services of accommodation facilities are dominant in terms of satisfaction with the destination in general, so in the long run, they should be given due attention. These findings are particularly beneficial for hotel services provided in the Visegrad Group countries, as no research studies have yet been carried out on customer evaluation of the quality of accommodation facilities using the presented methods.
EN
The global scale of external debt is the greatest in history, which made it one of the biggest financial problems in the world. Poland has been among the greatest debtors for a few dozen years. The objective of the paper is to show the scale, reasons and tendencies concerning Polish external debt. Furthermore, in the present paper, Polish external debt was compared with the ones of Visegrad group countries.
EN
The paper aims to identify the determinants of exports in high-technology sectors (high-tech, HT) of Visegrad countries (the Visegrad four, V4: Poland, the Czech Republic, Slovakia and Hungary) and the core member states of the European Union (EU). Based on the augmented gravity model, we estimate the regressions on panel data of the bilateral export flows of the EU-15 and V4 with the rest of the world in 1999−2011, by employing the Poisson pseudo-maximum-likelihood (PPML) estimator. The comparison of the estimations of overall export flows with the estimates explicitly done for the high-tech sectors allows us to outline the main characteristics of the existing gap in high-tech export performances of the EU-15 and V4. Estimation results find that while for the EU-15, human capital accumulation is statistically significant and export flows increase with similarity in physical capital accumulation of the trade partner; for V4, instead of similarity, the difference in physical capital stock increases exports and human capital accumulation does not yield statistically significant effects.
EN
Research background: The problem of bankruptcy prediction models has been a current issue for decades, especially in the era of strong competition in markets and a constantly growing number of crises. If a company wants to prosper and compete successfully in a market environment, it should carry out a regular financial analysis of its activities, evaluate successes and failures, and use the results to make strategic decisions about the future development of the business. Purpose of the article: The main aim of the paper is to develop a model to reveal the un-healthy development of the enterprises in V4 countries, which is done by the multiple discriminant analysis. Methods: To conduct the research, we use the Amadeus database providing necessary financial and statistical data of almost 450,000 enterprises, covering the year 2015 and 2016, operating in the countries of the Visegrad group. Realizing the multiple discriminant analysis, the most significant predictor and the best discriminants of the corporate prosperity are identified, as well as the prediction models for both individual V4 countries and complex Visegrad model. Findings & Value added: The results of the research reveal that the prediction models use the combination of same financial ratios to predict the future financial development of a company. However, the most significant predictors are current assets to current liabilities ratio, net income to total assets ratio, ratio of non-current liabilities and current liabilities to total assets, cash and cash equivalents to total assets ratio and return of equity. All developed models have more than 80 % classification ability, which indicates that models are formed in accordance with the economic and financial situation of the V4 countries. The research results are important for companies themselves, but also for their business partners, suppliers and creditors to eliminate financial and other corporate risks related to the un-healthy or unfavorable financial situation of the company.
PL
Wyczerpywanie się zasobów konwencjonalnych źródeł energii spowodowało poszukiwania możliwości zwiększenia produkcji energii z odnawialnych źródeł. Celem artykułu jest zaprezentowanie zmian w strukturze odnawialnych źródeł energii wykorzystywanych w krajach Grupy Wyszehradzkiej. Na podstawie danych uzyskanych z Eurostatu przeprowadzono analizę zmian struktury pozyskiwania energii z wody, wiatru i biopaliw stałych na terenie Słowacji, Czech, Węgier i w Polsce w latach 2004-2014.
EN
The aim of this article is to present the changes in the structure of renewable energy sources used in the countries of the Visegrad Group in the years 2004-2014. After entering the Visegrad Group countries to the European Union we could have seen an increase in energy production from environmentally friendly sources. The Czech Republic and Slovakia mainly extracted energy from water. Poland and Hungary from solid biofuels. After 2009 and the entrance of the EU directive promoting wind and sun energy in Poland and Hungary it was began to invest in wind power. The Czech Republic and Slovakia, in turn, invested the funds in obtaining solar energy.
EN
The role of environmental tax as an economic instrument to reduce environmental degradation has been under investigation for many years. In this paper, the main research objective is to check whether there were long-term relationships (cointegration) between greenhouse gas emissions, environmental taxes and gross domestic product in Visegrad Group countries under the inverted U-shaped Environmental Kuznets Curve (EKC) hypothesis from 1995 to 2018. It was also checked whether environmental tax has an impact on greenhouse gas emissions. In the first step, the long-run relationship (cointegration) was examined by applying the Autoregressive Distributed Lag (ARDL) bounds test. In the second step, the causal relationship and direction were tested within the Vector Error Correction Model (VECM) framework. The results of ARDL bounds testing confirmed cointegration between variables only in Poland. However, the long-run relationships between the variables are not consistent with the inverted U-shaped EKC hypothesis. They confirm the U-shaped EKC hypothesis, indicating that greenhouse gas emissions decrease with an increase in GDP per capita. After reaching the minimum, emissions increase again. The test of the causal relationship in Poland indicates the existence of convergence to the long-term equilibrium only for the equation where the environmental tax is the dependent variable.
PL
Rola podatku środowiskowego jako instrumentu oddziaływania na gospodarkę w celu zmniejszenia degradacji środowiska jest przedmiotem badań od wielu lat. W niniejszym artykule głównym celem badawczym jest sprawdzenie, czy zachodzą długookresowe związki (kointegracja) między emisją gazów cieplarnianych, podatkami środowiskowymi oraz produktem krajowym brutto w państwach Grupy Wyszehradzkiej zgodnie z hipotezą środowiskowej krzywej Kuznetsa (EKC) w latach 1995–2018. Sprawdzono również, czy podatek środowiskowy ma wpływ na emisję gazów cieplarnianych. Badając, czy istnieje między zmiennymi modelu długookresowa stabilna zależność (kointegracja), przeprowadzono testy z wykorzystaniem modelu autoregresyjnego z rozkładem opóźnień (ARDL). W drugim etapie zbadano występowanie oraz kierunki związku przyczynowego, wykorzystując wektorowy model korekty błędem (VECM). Testy przeprowadzone za pomocą modelu ARDL potwierdziły kointegrację między zmiennymi tylko w Polsce. Jednak relacje długookresowe między zmiennymi nie są zgodne z hipotezą EKC w kształcie odwróconej litery U. Są one zgodne z hipotezą EKC w kształcie litery U, wskazując, że początkowo wraz ze wzrostem PKB per capita emisja gazów cieplarnianych spada, a po osiągnięciu minimum ponownie rośnie. Badania występowania i kierunku związku przyczynowego za pomocą modelu VECM wykazały w Polsce konwergencję modelu do równowagi długookresowej tylko dla równania, w którym zmienną zależną jest podatek środowiskowy.
EN
Solidarity as one of the main values of the European Union is also recognizedamong the guiding principles of the EU asylum policy. In the period of the migrationcrisis, this principle was the most important for the EU Member Statesand very difficult to implement. The purpose of this article is to analyze the concept of solidarity, as enshrined in the Lisbon Treaty, as well as in the positions of the Member States and EU institutions. The article highlights the current debate, initiated by the Visegrad group under the Slovakian Presidency in the Council, around the proposed “flexible” or “effective solidarity” in asylum policy. Thus, the author contributes to understanding the ways, problems and prospects of refugees’ relocation, as well as the upcoming reform of the Dublin system. Based on the study of the summits conclusions, Council meetings in its various formats, the EU leaders’ statements, the author considers that divergence not only of the Member States positions, but also those of the EU institutions on the specific forms of participation in managing migration and asylum could entail more fragmentation and differentiation within the Union. At the same time, the author reveals the contradiction in the Visegrad countries’ position: while dreaming about re-nationalization of asylum and engaging in confrontation with the Commission the CEE countries by no means intend to introduce and maintain border control within the Schengen area.
RU
Солидарность – одна из базовых ценностей Европейского союза признана в то же время руководящим принципом политики ЕС в сфере убежища. В период миграционного кризиса этот принцип оказался наиболее важным и одновременно трудновыполнимым для государств-членов ЕС. Цель статьи – проанализировать суть понятия солидарности, как это зафиксировано в Лиссабонском договоре, а также в заявлениях, современных документах и позициях государств-членов и институтов ЕС. Автор анализирует дискуссию, инициированную Вишеградской группой во главе с председательствовавшей Совете ЕС Словакией, по концепции «гибкой» или «эффективной солидарности», и тем самым вносит вклад в понимание современной ситуации в Европейском союзе относительно способов, проблем и перспектив урегулирования миграционного кризиса и его последствий, а также предстоящей реформы Дублинской системы убежища в ЕС. На основе изучения документов саммитов, заседаний Совета в его различных форматах, заявлений лидеров стран ЕС автор делает вывод о расхождении позиций не только между государствами-членами, но и институтами ЕС по вопросам участия государств-членов в решении проблем противодействия новым угрозам безопасности, что может иметь последствием усиление фрагментарности и дифференциации внутри Союза. В то же время автор выявляет противоречие в позиции вишеградцев: мечтая о ре-национализации политики убежища и вступая в конфронтацию с Комиссией ЕС, страны ЦВЕ вовсе не намерены вводить и сохранять пограничный контроль внутри шенгенского пространства.
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