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1

Models and the Decision Making Mechanism in Monetary Policy

100%
Zyzynski J.
Ekonomista
|
2006
|
issue 2
169-183
EN
The basic question posed in the article pertains the monetary policy: should it be discretional in character or should it rely on some sound rules? The author discusses certain decision making rules (active and passive as well as instrumental and goal oriented) with the reference to models suggested by Taylor and Svensson and postulates that the potential output in these models be derived on the basis of production generated by full employment and not on the long term trend. Such a change would help the formulation of full employment policies. It is stressed that monetary policy, during the process of integration with the EU, should distinguish itself by a select character, since the standard rules for setting targets and implementing monetary policy decisions do not take the adjustment conditions into account. In effect of present day practice interest rates are set at too high levels. The article is concluded with the assessment of the results of high interest rates' policies as well as with the conclusions that address the mechanism of decision making.
2

CLUSTERS AS A FORM OF ACCELERATING THE DEVELOPMENT OF RURAL AREAS

100%
Blasiak-Nowak B.
Wieś i Rolnictwo
|
2007
|
issue 2(135)
87-105
EN
In the era of globalisation an acceleration in the economic growth of problem regions and, especially, of rural areas, is being achieved through a rise in the innovativeness and competitiveness of such types of economic activity that are fostered by local comparative advantages. Improvement in the local economy is stimulated, among other things, by modern organisation of economic activity in the form of clusters.The main aim of this article is to prove that the presence of cluster structures in a given area increases the probability of the emergence of local economic effects conducive to economic growth, i. e. the effects of co-operation and economic integration, the external effects of scale and internal synergistic effects as well as the multiplier and accelerator effects. The authoress has conducted an analysis of four rural regions, namely of the State of Minnesota in the USA, the Finnish region of Oulu and two regions of Chile, in which the organisation of production in the form of clusters - both of hi-tech and traditional industries, proved an effective instrument of accelerating economic growth.
3

Economic globalization in figures. The development of openness in the EU countries, II.

100%
Gacs J.
Kozgazdasagi Szemle (Economic Review)
|
2007
|
vol. 54
|
issue 11
960-973
EN
There is widespread and often emotionally charged discussion these days about the effects that the intensifying globalization is having on national economies. It is worth resting opinions on unprejudiced quantitative analyses rather than unbridled debate. These require the amorphous concept of globalization to be circumscribed and for the advance of 'internationalization' to be measured in the main dimensions of economic globalization. The article examines the main indices of globalization - interpreted as economic openness - with their content, limitations and susceptibility to expression in numerical form. It goes on to provide comparative analysis based on numerical indices for the internationalization of Hungary, EU member-states and selected developing countries over the last three decades. The first part followed a conceptual clarification with a consideration of foreign trade in goods and services. The second, published here, considers portfolio and working capital flows, and the extent of foreign ownership control and migration of the national tax bases.
4
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THE ANALYSIS OF ECONOMIC INTEGRATION OF POLISH MIGRANTS IN IRISH RURAL AREAS IN THE PERIOD OF ECONOMIC PROSPERITY FROM 2004 TO 2007

100%
Galica-Orzechowska N.
Studia Migracyjne - Przegląd Polonijny
|
2011
|
vol. 37
|
issue 4(142)
5-37
EN
The purpose of this paper is to assess the level of economic integration of Polish national in rural Ireland and to analyse the non-economic determinants of this process in the context of the EU 2004 enlargement. The paper focuses on a micro level analysis of migrants’ economic integration and a macro level analysis of the Irish labour market impact on migrants’ integration during the period of economic prosperity between 2004 and 2007. It explores neoclassic economic theory, NELM theory as well as dual labour market theory and network theory to assess migrants’ integration with the labour market. The paper is based on the main findings of a research study conducted in 2007 in all four provinces of the Republic of Ireland. The study employed mixed methods, including: literature review, face-to-face and electronic surveys, elite interviews and a focus group discussion. The research findings revealed that Polish migrants in rural Ireland were a well-educated and highly motivated workforce and not the resource-poor from the most impoverished provinces of Poland as one might envisage. They were either employed or in education prior to migration. The choice of the migration destination was largely determined by the Polish migratory network and work opportunities in rural Ireland. Most of migrants indicated temporality of stay. Many factors influence the permanency of stay, not least the economic trends in both Ireland and Poland but also life opportunities and sense of life stability. Due to the high market demand for unskilled and semi-skilled workers, most of the respondents were employed but the research found ‘an occupational gap’ in the employment patterns and significant levels of underemployment among migrants. However, the Irish authorities did little to capitalise on this potential opportunity. Finally, the paper presents how work conditions, including nationality represented at work or language used at work impacted on integration. It is concluded that the ‘brain drain’ experienced in Poland was mirrored by a ‘brain waste’ in Ireland.
5

Economic globalization in figures - the development of openness in the EU countries, I

88%
Gacs J.
Kozgazdasagi Szemle (Economic Review)
|
2007
|
vol. 54
|
issue 10
876-902
EN
There is widespread and often emotionally charged discussion these days about the effects that the intensifying globalization is having on national economies. It is worth resting opinions on unprejudiced quantitative analyses rather than unbridled debate. These require the amorphous concept of globalization to be circumscribed and for the advance of 'internationalization' to be measured in the main dimensions of economic globalization. The article examines the main indices of globalization - interpreted as economic openness - with their content, limitations and susceptibility to expression in numerical form. It goes on to provide comparative analysis, based on numerical indices, for the internationalization of Hungary, the EU member-states and some selected developing countries over the last three decades. The first part, published here, follows conceptual clarification with a consideration of foreign trade in goods and services. The second, in the next issue, will consider portfolio and working capital flows, the extent of foreign ownership control, and migration of the tax base.
6

Osoblyvosti ekonomichnoi intehratsii krain-chleniv NAFTA

88%
Derkach T. V.
Mekhanizm Rehuluvannya Economiky
|
2010
|
vol. 4 (48)
165-172
EN
The dynamics of NAFTA's development is considered, analyzed the main directions of economic integration within NAFTA, problems and prospects of development North American Free Trade Agreement are determined in the article.
7
Content available remote

EFFECTS OF MULTINATIONAL CORPORATION (MNC) PENETRATION ON THE GLOBAL POLITICAL ECONOMY. RE-ANALYSIS OF THE RECURRENT SOCIOLOGICAL PROPOSITION WITH CONTEMPORARY DATA

75%
Tausch A., Heshmati A.
Sociológia (Sociology)
|
2012
|
vol. 44
|
issue 3
314 – 347
EN
In this essay we reconsider the effects of direct foreign investments on the host countries around the globe. A number of sociological analyses (Bandelji 2009; Mahutga – Bandelji 2008), already applied such a question to Central and Eastern Europe (CEE): Is the growing penetration of host countries of multinational investment heralding the promised gains of stable economic growth and social cohesion, or is social polarization around the corner instead? In our re-analysis with contemporary data of one of the most influential essays ever published in the international sociology (Bornschier – Chase-Dunn – Rubinson 1978), which predicted that direct foreign investment would increase economic inequality and that it would have a short-term dynamic, but a long-term stagnation effect on the economic growth of the host countries (Bornschier – Chase-Dunn – Rubinson 1978: 651), we re-confirm the main thrust of the sceptical hypotheses on multinational corporation (MNC) penetration. We also show that on the global level and in the 183 countries analysed there is indeed a very strong connection between foreign capital penetration in the mid-1990s on the one hand and rising inequality, deficient life expectancy, rising unemployment, and a deficient under five mortality rate in the first decade of the new Millennium on the other. Economic growth in the contemporary period (2010) is also being determined negatively by the long-term effects of multinational corporation penetration in the mid-1990s, while in the period between 1990 and 2005 the effect was positive. Thus we confirm that the approach, established by Bandelji 2009 and Mahutga and Bandelji 2008, is a valid one, and can be generalized on a global level.
8

THEORETICAL-METHODOLOGICAL PRINCIPLES OF THE FORMING OF REGIONAL RECREATIONAL-TOURIST COMPLEX (Teoretyko-metodolohichni zasady formuvannia rehionalnoho rekreatsiino-turystychnoho kompleksu)

75%
Kratinov R. O.
Rehionalna ekonomika
|
2009
|
issue 3(53)
36-43
EN
Theoretical-methodological principles of establishing the regional recreation-tourist complexes (RTC) have been considered. Alongside with the known principles of function-target approach, the organization and functioning of RTC is considered on the basis of the theory of integration of the economic structures. Objectivity of integration processes in investigation sphere has been justified and the stages of evolution cycle of the RTC development in Ukraine's regions have been determined and analyzed.
9

ECONOMIC INTEGRATION AND EXPORT COMPLEXITY: THE CASE OF SLOVAKIA

75%
Gabrielczak P., Serwach T.
Ekonomický časopis (Journal of Economics)
|
2019
|
vol. 67
|
issue 2
115 – 134
EN
The goal of the article is to evaluate the impact of accession to the European Union (EU) on the complexity of goods in Slovak exports. The traditional theories of trade show that such an engagement in economic integration may lead to specialization in the production of either more or less sophisticated goods, depending on the country’s technological advancement and factor endowment. At the same time, increased FDI flows may stimulate the engagement of a country in international production chains with ambiguous effects on export complexity. Because it is impossible to a priori predict the effect economic integration may have on the complexity, it is reasonable to verify it empirically. The authors used the Synthetic Control Method (SCM) to compare the observed post-accession levels of exports complexity in Slovakia with the counterfactual values of that country remaining outside of the EU.
10

O SÚDNOM DVORE EURÁZIJSKEJ HOSPODÁRSKEJ ÚNIE: POSTAVENIE, KONANIE A PRÍNOS

75%
Mareček L.
Právny obzor. Teoretický časopis pre otázky štátu a práva (Juridical Review. Theoretical journal for the questions of state and law)
|
2021
|
vol. 104
|
issue 3
247 – 264
EN
The Court of Justice is the judicial body of the institutional system of the Eurasian Economic Union. The Union is a regional economic organisation that was founded in 2015. Its existence links to the existence of previous economic constellations in the region – the Eurasian Economic Community (2000), Eurasian Customs Union (2010) or Eurasian Economic Space (2013). The executive centre of the Union is Moscow. It consists of five states of which the Russian federation, economically speaking, is the most influential. In the Union, integration at the executive level plays a dominant role. About the Court of Justice, there may be concerns that its independence will be sufficiently ensured. The “reform” of 2015 does not solve the problem but only weakens its competences, e.g. removal of the preliminary ruling procedure. The decision-making activity of the Court of Justice is less intense than that of its counterpart in the European Union. From a qualitative point of view, in some moments we can see signs of his judicial activism. In principle, however, his decision-making activity does not yet lead to conclusions that we could call “ground-breaking.” In its work, it builds on its decision-making work before the Court of Justice of the Eurasian Community. It is possible to emphasize the formulation of the principle of direct application and the primacy of Union law or the principle of the concurrent primacy of the competence of the Union institutions in the event of their conflict with the competence of a national authority. The Court also formulated the autonomy of the Union law principle. Proceedings before the Court starts based on an initiative of a subject and can be divided into disputes and interpretations (which are consultative). Dispute proceedings must be preceded by an attempt to an out-of-court settlement. The active legitimate subjects are the Member States and the so-called business. At the level of the business entity, it is proving to be giving the individual wider access to transnational judicial protection than in EU conditions. The Union institutions do not have such a possibility. However, these have an impact on the Court’s work in terms of its control, creation or enforcement. This is mainly because the Court of Justice cannot overturn existing rules (regional, national) or authoritatively determine how its decisions are to be enforced.
11

EKONOMICKÉ SLOBODY V EURÓPSKEJ ÚNII PO VYTVORENÍ JEDNOTNÉHO TRHU

63%
Lipková B.
Ekonomický časopis (Journal of Economics)
|
2011
|
vol. 59
|
issue 5
506 – 527
EN
Single market is the basic pillar of the EU’s economic integration. Its functioning influences Union’s economic growth and its global macroeconomic performance. Article analyses current state of market integration resulting from economic freedoms of common market – free movement of goods, persons, services, and capital. Key areas where economic protectionism of the EU member states persists are in focus. Even though goods and financial markets were already integrated to a large extent, services, labour, and public procurement markets are still national in character. Macro- and microeconomic effects of the creation of single market are also constituent part of the analysis.
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