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1

Process and product innovations, multi-product status and export performance: firm-level evidence from V-4 countries

100%

Cieślik A., Michałek J. J.

Equilibrium. Quarterly Journal of Economics and Economic Policy

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2018

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vol. 13

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issue 2

233-250

EN

Research background: In this paper, we study empirically the relationship between different forms of innovations, multi-product status and export performance of firms from four Visegrad countries. We treat innovations as the key element that can increase the level of firm productivity. Purpose of the article: The main objective is to analyze the empirical relationship between different firms of innovation of firms from Visegrad countries and their export performance. In contrast to previous studies that use R&D spending as a measure of innovation, we rather relay on innovation outcomes. Our detailed hypotheses postulate the existence of positive relationships between firm export performance and different forms of innovation. We seek to determine which type of innovation activity is of the greatest importance for exporting and whether it depends on firm size, the level of internationalization, the use of human capital and its sector of activity. In addition, we control for the multi-product status of firms, i.e. whether they sell one or many products. Methods: The measures of innovative activity of companies include both spending on R&D as well as its effects, such as product and process innovations. In addition, we control for the multi-product status measured by the share of the main product in total sales of the firm, as well as for other firm-level characteristics. The empirical implementation of the theoretical framework is based on the probit models, applied to the fifth edition of BEEPS firm level data set covering the period 2011-2014. Findings & Value added: Our results indicate that the probability of exporting is positively related to both product and process innovations and the multi-product status. In addition, we find that the probability of exporting is related to the set of control variables including labor productivity, firm size, the share of university graduates in productive employment, foreign capital participation and the use of foreign licenses.

2

Przyczyny trudności koordynacji polityki fiskalnej i pieniężnej w Unii Gospodarczej i Walutowej

100%

Święcicki I., Michałek J. J.

Ekonomia. Rynek, Gospodarka, Społeczeństwo

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2014

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issue 39

147-182

PL

Praca analizuje interakcje między polityką pieniężną prowadzoną przez Europejski Bank Centralny (EBC) a politykami fiskalnymi prowadzonymi przez rządy 12 pierwszych członków strefy euro. Przeprowadzona została analiza faktycznego sposobu prowadzenia obu rodzajów polityk gospodarczych w strefie euro w latach 1999-2008. Dla oceny nastawienia polityki pieniężnej wykorzystano różne wersje reguły Taylora, dla oceny nastawienia polityki fiskalnej wykorzystano cyklicznie skorygowane saldo pierwotne. Analiza prowadzona była na danych historycznych, dostępnych decydentom w momencie podejmowania decyzji. Wskazano tu główne rozbieżności między przewidywaniami modeli a stanem faktycznym, wskazano również na możliwe przyczyny takiego stanu rzeczy – rozbieżności cyklów koniunkturalnych krajów strefy euro i różnice strukturalne.

EN

The article analyses interaction of monetary policy of the European Central Bank and fiscal policies of the 12 first members of the Eurozone. The actual conduct of these economic policies from 1999 to 2008 has been assessed. We are using different versions of the Taylor rule to assess the stance of monetary policy, and cyclically adjusted fiscal deficit to assess the stance of fiscal policies. The analysis has been conducted on historical data, which were available to decision makers at the moment when the decisions had been made. We are pointing to the major discrepancies between the outcomes of theoretical models of a monetary union and the actual observed outcome and also to the possible explanations of this situation – divergent economic cycles and structural differences between European economies.

3

Wpływ rozwoju społecznego na wielkość wymiany handlowej krajów Europy Środkowo-Wschodniej

81%

Cieślik A., Michałek J. J., Mycielski J.

Studia Ekonomiczne

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2013

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vol. 139

140-152

EN

In this paper we study the role of social factors in development of international trade using a generalized gravity model. In existing studies of determinants of bilateral trade flows only economic factors were taken into account such as their economic size, factor endowments and technology levels as well as tariff and non-tariff barriers and distance between them. Our contribution to the literature lies in extending the previous studies to include also factors measuring the level of development and social inequalities as well as civil liberties. In particular, we study the role of the aggregate index of social development - HDI and its components as well as income inequality and civil liberties.

4

The Regional Heterogeneity of Productivity Determinants: Evidence from Ukrainian Firms

81%

Cieślik A., Michałek J. J., Nasadiuk I.

Miscellanea Geographica. Regional Studies on Development

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2017

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vol. 21

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issue 1

44-50

EN

This paper studies the determinants of the total factor productivity (TFP) for Ukrainian firms in the manufacturing sector across macro-regions using recent micro-level datasets for 2013. Our empirical results show some degree of heterogeneity across Ukrainian macro-regions; in particular, the link between the total factor productivity, firm size, imports and the level of competition seems to be valid for all macro regions. However, the effects of private ownership status, capital intensity and exports seems to be region specific. In addition, we found no relationship between firm productivity and foreign ownership for any of the regions.

5

Determinants Of Productivity Of Ukrainian Firms

81%

Cieślik A., Gaugner I., Michałek J. J.

Comparative Economic Research. Central and Eastern Europe

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2017

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vol. 20

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issue 1

5-19

PL

W niniejszym artykule zbadane zostały determinanty całkowitej produktywności czynników produkcji (TFP) ukraińskich przedsiębiorstw w sektorze produkcji przemysłowej oraz sektorze usług na podstawie danych mikroekonomicznych w latach 2005 i 2013. Najpierw oszacowane zostały regresje dla połączonego zbioru danych dla sektora produkcji przemysłowej i usług, a następnie odrębnie dla każdego sektora. Nasze wyniki empiryczne wykazują pozytywny związek między całkowitą produktywnością czynników produkcji, wartościami niematerialnymi i prawnymi, kapitałochłonnością, wielkością firmy, konkurencją w branży, statusem własności, oraz umiędzynarodowieniem firmy (eksport i import). Ponadto okazuje się, że determinanty produktywności różnią się między sektorami oraz latami naszej próby.

EN

This paper examines the determinants of total factor productivity (TFP) of Ukrainian firms in manufacturing and services, using micro-level data for the years 2005 and 2013. We first estimate regressions for the pooled dataset for the manufacturing and service sectors jointly, and then separately for each sector. Our empirical results show a positive link between the total factor productivity, intangible assets, capital intensity, firm size, competition in the industry, ownership status, and firm internationalization (exports and imports). In addition, we find that the determinants of productivity differ among the sectors and years of our sample.

6

What matters for firms? participation in Global Value Chains in Central and East European countries?

81%

Cieślik A., Michałek J. J., Szczygielski K.

Equilibrium. Quarterly Journal of Economics and Economic Policy

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2019

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vol. 14

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issue 3

481-502

EN

Research background: There has been an extensive body of literature on the growing importance of global value chains (GVCs) in developed and emerging economies. This literature argues that GVCs significantly affect international trade patterns and open new possibilities for participating economies to increase both their exports? quantity and quality, acquire advanced production technologies and improve the overall economic performance. However, the empirical evidence from the Central and East European (CEE) countries, especially at the firm level is still relatively scarce. The majority of existing empirical studies on GVCs in the CEE countries are based on sectoral input-output data. Purpose of the article: In this article, we study the determinants of firm participation in GVCs using firm-level BEEPS data for 29 CEE countries. We hypothesize that larger, foreign-owned, more productive and innovative firms producing a limited range of products and employing skilled workers are more likely to be involved in GVCs. Methods: The intensity of participation in GVCs is measured by the usage of imported inputs and the intensity of exports. The empirical study uses the BEEPS firm-level data set for the period 2011?2014 and the probit estimation method. Findings & Value added: The assembled empirical evidence generally supports these hypotheses. In addition, we find that firms which participate in GVCs pro-duce a smaller range of products, which means that they concentrate on their core competencies. In particular, we find that the EU membership may facilitate participation in GVCs, especially for smaller firms in the CEE countries. This article adds to the existing literature by examining the firm-level determinants of participation in GVCs using the cross-country firm-level survey conducted by the EBRD and the World Bank.

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2 Equilibrium. Quarterly Journal of Economics and Economic Policy

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1 Ekonomia. Rynek, Gospodarka, Społeczeństwo

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1 Studia Ekonomiczne

6 Michałek J. J.

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1 Mycielski J.

1 Nasadiuk I.

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