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This article focuses on appropriateness of applying of leasing by business entities in order to expand and renewal of material and technical base. It was analyzed the modern market conditions of leasing in Ukraine and it was formed the method of estimation of the economic efficiency of leasing operations, which can be use by Ukrainian business entities in decision making and justification for choice of funding sources. Proposed approach takes into account the current financing conditions and legislative aspects of managing the leasing operations, which were formed in Ukraine. This method was tested on a real example of acquisition by the vehicle for the purpose of economic activity. It was also suggested an optimization of its debt management policy, based on a comparative analysis of available financing schemes for the company – this is, as a rule, leasing and credit.
EN
The article is dedicated to the analysis of the key factors that determine economic efficiency for manufacturing firms. This problem is solved, especially for businesses running under the conditions of a 'knowledge economy'. After a description of the specific features of a new economy, the authors have specified two main hypotheses: The first key factor which can cause general increase the level of economic efficiency is the management system and incentive scheme based on economic value added concept. The second factor should be a massive implementation and utilization of advanced manufacturing technologies. Both hypotheses have been verified in comparison to relevant opinions found in professional literature and to the results of a survey realized in 132 Czech manufacturing firms. The first hypothesis appears to be completely testified. The second hypothesis, related to advanced manufacturing technologies, has been confirmed only partly.
EN
Paper deals with the analysis of “Brick-Manufactura” capital assets and defines the efficiency of their using. Also it is showed in the paper the positive and negative sides of new tax legislation approval for the enterprises. Much of the attention is devoted to the analysis of amortization policy considering new tax requirements. It is stated in the paper that legislation changes provide negative influence on firm’s activity. It is proposed methodological approaches to improve firm’s performance considering new tax changes.
EN
The article presents the results of analyses covering the social, economic and demographic structure of Poland's non-farm rural population, that are based on the data provided by the National Census of May 2002. Special attention was given in these analyses to the non-farm rural population's breakdown into the groups of employed, unemployed and vocationally passive persons as well as to the structure of each of these groups according to the criterion of sex, age and the level of education. The structure of the group of employed persons was additionally analysed in accordance with the criterion of the main place of work and the status of employment (hired employees and self-employed persons), whereas the structure of the group of unemployed persons was additionally examined in accordance with the criterion of duration of the search for a job. All the analysed structures of the non-farm rural population were compared with the analogous structures of the urban population. One of the main aims of such comparison was to check and concretize the hypothesis that the non-farm rural population had a worse position on the labour market than the population living in towns. The results of the conducted analyses have proved this hypothesis to be true. Its correctness has been confirmed by the fact that: a) the employment index is lower for the group of non-farm rural population than for the group of urban population (33.1% and 41.2%, respectively, of persons aged 15 and over); (b) the rate of unemployment is higher in the group of non-farm rural population than in the group of urban population (31.0% and 22.1%, respectively); (c) the percentage of vocationally passive persons is higher in the group of non-farm rural population than in the group of urban population (48.6% and 43.2%, respectively, of persons aged 15 and over); d) the search for a job is longer in the case of the unemployed persons from rural areas than in the case of the unemployed persons living in towns (the search for a job lasted longer than 24 months for 27.7% and 24.5% of the unemployed, respectively). The presented indicators were clearly worse both in the case of men and women living in rural areas than in the case of men and women residing in towns. They were also worse for all the age groups of the non-farm rural population. On the other hand, the differences in indicators characterising the non-farm rural population and urban population were minimal or non-existent in the groups of persons representing the same level of education. The latter suggests that one of the main factors increasing the non-farm rural population's chances for employment may be the rise in the general level of its education, which is currently far lower than that of the urban population.
EN
The article focuses on the issues of measurement of cost-benefit of road investment projects both at pre-implementation stage and 'ex post', by applying cost-benefit analysis. The studies used cost-benefit analyses for modernization of Ostróda bypass in Warmia and Mazury voivodeship. As a result of the conducted studies it was established that the 'ex ante' road-bridge costs were underestimated in relation to 'ex post' costs. At the same time the savings on user and environmental costs estimated in 'ex post' analysis were higher than estimated in 'ex ante' analysis by 54,89%. Although the internal rate of return in 'ex ante' analysis was 22,95%, and in 'ex post' analysis 26,97%, this does not prove credibility of 'ex ante' analysis. The studies showed that in pre-implementation analysis there were significant inaccuracies in estimation of both the costs and the benefits related to the investment project.
EN
This paper investigates the economic efficiency of investment activity in agricultural enterprises. It is also analyzed the main factors that hinder investment in agriculture in Ukraine. This paper analyzes the economic efficiency of the investment project of drip irrigation. Specific attention is paid to the comparative analysis of the crops growing efficiency in Ukraine and developed countries. It is considered the promising areas of investment in agriculture in economic instability and environmental fluctuations conditions. The most urgent investment directions are: development of selected breeding programs, breeding adapted plants, combating pests and diseases of crops and livestock, organic agriculture.
EN
The presented article is an attempt at depicting the consequences of utilizing human capital theory in defining the mutual relations between the concepts of qualifications and competencies. The concepts play an important role in the process of shaping and using human capital (work potential), where a different understanding of their scope impedes analysis of human capital efficiency. In assuming that, in light of human capital theory, qualifications are outlay on its molding, while competencies are the conditions and effects of utilizing capital by a unique adapting of a worker's personal qualities to job position tasks, it becomes possible to not only analyze the economic efficiency of outlays, but also take into account structural and organizational changes in the performance of work.
EN
This paper investigates the economic principles of labour potential development and methodological approaches to its evaluation in higher education institution. The paper founds that the reduction in work activity of higher education institutions’ staff is largely related to the lack of the necessary material and moral incentives and guarantees of personnel’s social protection. The directions of labour potential’s development are discussed. There are also analysed the effectiveness of material incentives and system of privileges and bonuses for employees in higher education institution on the example of Sumy State University. It is underlined the priority directions for motivation of scientific activity of teaching staff. Additionally paper proposes recommendations to improve the stimulation system for labour potential development in the university. The paper emphasizes the need to create powerful motivation systems at educational institutions of Ukraine for the labour potential development. It is suggested ways for improving the quality of educational services to students through professional growth of teachers and improvement of their skills.
EN
Transformation of organizational and technical regulation’s system of the national economy actualizes the issue of evaluation of input mechanisms. The following issues are proposed and justified in the article: a methodical approach to the determination of the effectiveness of mechanisms of the transformation of the organizational and technical regulation of the national economy as a socially significant innovation and investment project with the calculation of the cumulative effect of the government budget and business sectors as net present value, which is defined as an increase in gross domestic product in the current and future periods as a result of the regulatory instruments' implementation. A mathematical model for calculating the total annual economic impact of regulatory tools – technical regulations and standards – is developed. The expediency of its application for identifying activities and export commodity groups for priority development and implementation of technical regulations, that will optimize the choice of regulatory instruments, is calculated.
EN
Generalizing from his experience in solving practical problems, Koopmans set about devising a linear model for analysing activity. Surprisingly, he found that economics at that time possessed no uniform, sufficiently exact theory of production or system of concepts for it. He set out in a pioneering study to provide a theoretical framework for a linear model for analysing activity by expressing first the axiomatic bases of production theory, which rest on the concept of technological sets. He is associated with exact definition of the concept of production efficiency and efficiency prices, and confirmation of their relation as mutual postulates within the linear model of activity analysis. Koopmans saw the present, purely technical definition of efficiency as a special case; he aimed to introduce and analyse the concept of economic efficiency. The study uses the duality precepts of linear programming to reconstruct the results for the latter. It is shown first that evidence confirming the duality precepts of linear programming is equal in value, and secondly that efficiency prices are really shadow prices in today's sense. Furthermore, the model for the interpretation of economic efficiency can be seen as a direct predecessor of the Arrow-Debreu-McKenzie models of general equilibrium theory, as it contained almost every essential element and concept of them - equilibrium prices are nothing other than Koopmans' efficiency prices. Finally Koopmans' model is reinterpreted as a necessary tool for microeconomic description of enterprise technology
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