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Wystąpienie a wykluczenie państwa z Unii Gospodarczej i Walutowej w aspekcie prawno finansowym

100%
Fedorowicz M.
Studia Europejskie-Studies in European Affairs
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2012
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issue 4
78-94
EN
The study discusses the legal and financial problems of a potential withdrawal, exit or expulsion of an EU Member State from the Economic and Monetary Union. The legal and financial analysis has proven that in accordance with the Lisbon Treaty, neither an exit nor an expulsion of an EU Member State from the euro area is possible. The conclusions presented in this article following an interpretation of the articles of the Lisbon Treaty addressed also the financial aspects of a potential exit or expulsion from the EMU.
2
Content available remote

Ochrona „uprawnionych interesów” państw członkowskich UE w unijnym prawie kontroli koncentracji

100%
Skoczny T.
Studia Europejskie-Studies in European Affairs
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2012
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issue 1
51-82
EN
This paper considers primarily the legislative basis (II) and case law developments of the enforcement practice (III) of the legal institution designed to protect the legitimate interests of EU Member States as formulated by Article 21(3) Regulation 4064/89 and Article 21(4) Regulation 139/2004. The analysis covers both known groups of ‘legitimate interests’: (1) interests ‘legitimate’ explicite, also called ‘recognised’ or ‘listed and defined’ interests, namely, ‘public security’, ‘pluralism of the media’ and ‘prudential rules’; as well as (2) ‘other legitimate interests’, also known as ‘innominate interests’ (IV). Covered are also competence and procedural issues surrounding legitimate interests relevant to merger control in light of EU rules of the control of concentrations (V). In analytical terms, the aim of this paper is to delineate the limits of the Member States’ intervention into merger control proceedings taking place before the European Commission that concern concentrations with an EU dimension. In this respect, the relation between EU merger control rules and public economic laws of its individual Member States is considered. On this basis, it is possible to draw conclusions helpful for the reconstruction of the Polish legal institution of an ‘exceptional clearance for anticompetitive concentrations’ contained in Article 20(2) of the Polish Competition and Consumer Protection Act of 2007 (VI).
3

DIRECT AND INDIRECT EFFECTS OF FISCAL DECENTRALIZATION ON ECONOMIC GROWTH

80%
Stojcic N., Tolic M. S.
Ekonomický časopis (Journal of Economics)
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2019
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vol. 67
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issue 3
280 – 306
EN
This paper examines the direct and indirect effects of decentralization on economic growth that take place through transmission channels such as government efficiency, control of corruption, government sector size and the quality of living. A dynamic nature of growth, potential endogeneity and the distinction between short-and long-run effects are taken into account. Our findings support proactive government approach, including fiscal policy measures to stimulate demand, prevent decline of production and employment and rebuild trust in institutions. They question the current prevalent thinking about the beneficial effects of the reduction of government expenditure on economic growth.
4

ANALYSIS OF THE EUROPEANS’ ATTITUDES TOWARDS VACCINATION IN THE CONTEXT OF THE COVID-19 PANDEMIC – IMPLICATIONS FOR PUBLIC HEALTH POLICY

80%
Dimian G. C., Vasilescu M. D., Apostu S. A., Aceleanu M. I., Jablonský J.
Ekonomický časopis (Journal of Economics)
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2021
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vol. 69
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issue 10
997 – 101
EN
In the current context of the Covid-19 pandemic, health systems worldwide have been subjected to hitherto unknown challenges. Public health policy makers are urged to find the best solutions to mitigate the effects of the pandemic. Vaccination is seen, more than ever, as the main medical solution to save lives, although in recent times many countries have seen an increase in their citizens’ hesitation to get vaccinated. The aim of our research is to analyse Europeans’ attitudes towards vaccination and the factors that influence this attitude, both in terms of individual profile and differences between groups of people and between countries. The results confirmed that a positive attitude towards vaccination increases an individual's chances of getting vaccinated and that the vaccination depends on the socio-demographic characteristics of the individual.
5

FLEXIBLE FOURIER STATIONARY TEST IN PURCHASING POWER PARITY FOR CENTRAL AND EASTERN EUROPEAN COUNTRIES

80%
Chi-Wei S.
Ekonomický časopis (Journal of Economics)
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2012
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vol. 60
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issue 1
19 – 31
EN
This study applies stationary test with a Fourier function proposed by Becker, Enders and Lee (2006) to test the validity of long-run purchasing power parity (PPP) to assess the non-stationary properties of the real exchange rate for seven Central and Eastern European (CEE) countries. We find that our approximation has higher power to detect U-shaped breaks and smooth breaks than linear method if the true data generating process of exchange rate is in fact a stationary non-liner process. We examine the validity of PPP from the non-linear point of view and provide robust evidence clearly indicate that PPP holds true for two countries, namely Bulgaria and Romania. Our findings point out their exchange rate adjustment is mean reversion towards PPP equilibrium values in a non-linear way.
6

THE ECONOMIC RATIONALE OF NON-PROFIT ORGANIZATIONS IN THE DELIVERY OF WELFARE SERVICES

70%
Raguseo D., Kuvíková H.
Ekonomický časopis (Journal of Economics)
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2008
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vol. 56
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issue 8
764-780
EN
Although the economic activity in a mixed economy is undertaken by the various kinds of organizations, only recently, the researchers have been paying attention to the forces influencing the size, composition and financial structure of the private non-profit organizations. With this paper, the authors want to add new evidence on the way European countries deal with the provision of welfare services, mostly focusing on the role played by the private non-profit sector. They are really interested in the relationship existing between the non-profit and public providers of education, health and social services in Europe. They will perform several empirical tests in order to know whether among the European countries, the non-profit and public sectors are 'partners' or 'rivals' in the provision of welfare services, and, whether such a relationship holds for the whole 17 European sample countries.
7

CORPORATE BANKRUPTCY PREDICTION: EVIDENCE FROM WHOLESALE COMPANIES IN THE WESTERN EUROPEAN COUNTRIES

61%
Vuković B., Milutinović S., Milićević N., Jakšić D.
Ekonomický časopis (Journal of Economics)
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2020
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vol. 68
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issue 5
477 – 498
EN
The aim of this paper was to develop a model that can forecast the bankruptcy of the companies using logistic regression model. The sample consists of 23 bankrupts and 30 healthy companies selected from the initial sample of all large active companies (1740 companies). The companies operate in the trade industry, sector wholesale in Western Europe, in the time period from 2010 to 2018. The logit model was based on the choice between 23 financial indicators. The obtained results with high accuracy showed that the most important bankruptcy predictors were the following five indicators: return on equity, current assets/ total assets, solvency, working capital turnover, stocks/current assets. The developed model provides an opportunity for all external stakeholders to easily identify companies that are facing the risk of bankruptcy. The possibility of the company’s bankruptcy prediction, the assessment of risk and threatened circumstances to continue business is crucial information for making all future business decisions with the company.
8

DECENTRALIZATION AS A FACTOR INFLUENCING ECONOMIC IMBALANCES IN THE EUROPEAN COUNTRIES

61%
Bednářová P., Laboutková Š.
Ekonomický časopis (Journal of Economics)
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2014
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vol. 62
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issue 10
1052 – 1064
EN
This paper deals with the potential connections of decentralization with economic imbalances in the European countries. Two indicators have been chosen for measuring economic imbalances: an indicator dispersion of regional GDP per capita as a representative of the performance imbalances within countries (it measures the economic development gap among regions in European countries) and a multidimensional inequality-adjusted human development index as a representative of inequalities in the distribution of wealth in the countries. According to this analysis quite weak links were proved between the tested variables. Decentralization does not belong among the strong factors influencing economic imbalances. Despite this weak link it is still possible to conclude that decentralization is more connected with differences in economic performance than with differences in distribution.
9

CAN INCREASING THE R&D INTENSITY LOWER UNEMPLOYMENT RATE? CASE OF FIVE SELECTED EUROPEAN COUNTRIES

61%
Çietçioglu S., Sokhanvar A.
Ekonomický časopis (Journal of Economics)
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2020
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vol. 68
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issue 2
188 – 207
EN
This paper empirically examines the short-term and long-term effects of changes in R&D intensity on particularly the rate of unemployment in addition to economic growth for a sample of five European countries. Utilizing annual data for the sample period of 1991 – 2017, two alternative methodologies, namely the ‘ARDL bounds testing’ and ‘PMG estimation’ are employed. The empirical results have shown that there exists a long-run relationship between R&D, unemployment rate, and economic growth in four of the five countries investigated. Furthermore, the results of panel data analysis have suggested that even though in the long-run a given increase in R&D is likely to lower the rate of unemployment (in the average country of the sample), in the short-run, it can have adverse effects on unemployment. The paper argues that these empirical results can be taken as an evidence for the idea that even though the dominant form of technological change is in the form of ‘new task creation’ instead of ‘automation’, in the short-run new technologies may lead to an increase in the rate of unemployment due to the possible mismatch between the skills required by the newly created tasks (jobs) and the skills of the existing pool of workers.
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