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1

The Importance and Prevalence of Modern Forms of Staff Training in the Corporate Environments of Transition Countries: The Case of Slovenia

100%
Markovič-Hribernik T., Jarc B.
South East European Journal of Economics and Business
|
2014
|
vol. 8
|
issue 2
16-31
EN
Compared with traditional forms of education and training, e-learning is gaining increasing importance not only within the academic setting of formal education, but also in the corporate environment. Concerning the latter, it is evident that with increasing pressure on cost efficiency and competitiveness, in addition to the current harsh financial and economic conditions, companies are being challenged and this tends to change their behaviour patterns. In this article, the results of a survey are presented. The survey focused on the current status and possible future trends of corporate e-learning methods in Slovenia, which is among the so-called transition countries. This survey brings more than one aspect of this issue to light. The findings show increasing rates of acceptance of the e-learning education model by the local corporate environment. Nevertheless, significant gaps are evident when compared with the most advanced European and worldwide economies in terms of the widespread use of comprehensive e-learning models and the latest e-learning technologies, such as LMS systems. Furthermore, the survey reveals that e-learning is perceived by companies as cost efficient and flexible, but on the other hand it is not yet perceived to contribute to a higher quality level of staff training when compared with traditional methods.
2
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Feedback to the ECB’s Monetary Analysis: The Bank of Russia’s Experience with Some Key Tools

88%
Ponomarenko A., Vasilieva E., Schobert F.
Journal of Banking and Financial Economics
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2014
|
issue 2(2)
116-150
EN
The paper investigates to what extent some basic tools of the ECBs monetary analysis can be useful for other central banks given their specific institutional, economic and financial environment. We take the case of the Bank of Russia in order to show how to adjust methods and techniques of monetary analysis for an economy that differs from the euro area as regards, for instance, the role of the exchange rate, the impact of dollarization and the functioning of sovereign wealth funds. A special focus of the analysis is the estimation of money demand functions for different monetary aggregates. The results suggest that there are stable relationships with respect to income and wealth and to a lesser extent to uncertainty variables and opportunity costs. Furthermore, the analysis also delivers preliminary results of the information content of money for inflation and for real economic development.
3

Are Foreign Direct Investment Contribution to The Economic Growth of Transition? / Da Li Strane Direktne Investicije Doprinose Privrednom Rastu Zemalja U Tranziciji?

88%
Nestorović O.
Economic Themes
|
2015
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vol. 53
|
issue 2
267-277
EN
The main aim of this paper is to show whether foreign direct investments affect the development of transition countries. This paper represents an empirical model where you analyze sixteen countries in transition in the 10-year period. The existence of a positive correlation between the level of incoming foreign direct investments and economic characteristics of the economy, as well as its competitiveness, is obvious in numerous studies that have studied this subject, but there are also some opposite standpoints. The increase of foreign direct investments in host country by itself does not imply a positive impact on economic growth, but it depends on numerous factors such as human capital, financial structure development, macroeconomic stability and other institutional factors.
4
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Instytucje rynku pracy oraz uwarunkowania ich funkcjonowania w krajach transformujących się

88%
Jarmołowicz W., Pilc M.
Przegląd Zachodniopomorski
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2013
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issue 3/2
151-166
EN
The fi rst aim of this paper is to analyze the changes in the labor market institutions in 25 transition countries with the use of the set of 14 chosen labor market institutions indicators. The second aim is to answer the question whether an increase in the level of the product market competition in analyzed countries led the labor market institutions to be more protective (i. e. increase in the EPL index, increase in the level of unemployment benefi ts or increase in the ALMP to GDP ratio). Conducted analysis shows that the general characteristic of the labor market institutions in the transition economies is their heterogeneity, both in time and especially in space. However the empirical results confirmed the relationship between the level of the product market competition and the level of workers protection arising from the labor market institutions only in the case of the EPL index.
5

The Potential of Biotechnology Investments in Selected Eastern European Countries: Lost Chances

75%
Vida P.
Business Systems Research Journal
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2016
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vol. 7
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issue 1
16-34
EN
Background: Biotechnology is rapidly developing on a global scale. However, some evidence indicates that Eastern European (EE) countries are not fulfilling their potential in this field. Objectives: This paper aims to examine whether selected EE countries are able to develop a strong biotechnology industry. Potential investment approaches and the existing but not used or neglected infrastructures in EE countries were also examined. Methods/approach: In order to determine biotechnological activities in EE countries, indicators such as intellectual property protection, venture capital availability, published scientific publications as well as other indicators were analyzed. These indicators were compiled and compared between EE countries and regions with a rich and diverse biotechnological business sector. Results: The results suggest an underdeveloped biotechnology business sector in EE countries, with talented but unexploited scientists and unutilized infrastructure. The systematic drawbacks of EE countries lead to a hostile investment environment. Conclusions: The findings make a significant contribution to understanding how the biotechnology industry in EE countries is structured and how investments can be rationally placed. EE countries need to adapt their venture capital market for biotechnology ventures. Several changes in regulations could have a large impact on biotechnology investments.
6

Public Administration Education in a Legalistic Setting: New Tendencies in Hungarian Public Administration and Training

75%
Gellén M.
NISPAcee Journal of Public Administration and Policy
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2013
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vol. 6
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issue 2
53-67
EN
Th e article examines the recent developments in public service training in Hungary and draws conclusions for the future. Hungary is considered to be part of the legalistic culture of European PA; therefore we analyze the connection between the legalistic approach as a cultural environment of PA practice and PA education as an influential factor of changing this environment. Th e empirical part of the research contains three elements: analysis of the professional training of civil service, the content of PA university training and the composition of professions within the central civil service. Th e empirical findings on these three dimensions are analyzed in light of recent structural changes of PA university education and professional training. Under a Government Decree issued in 2012, the National University of Public Services was appointed by the Government to be in charge of PA education and training. Th e university itself was recently created by the merger of law enforcement, military and civil PA universities (academies). Th is structural change can be characterized by centralization and, to a certain extent, simplification, too. Th e restructuring of PA training is completed by the concept of the Government making the fields of public service permeable, open to each other. Th e university itself is a test field for this concept since police and military students have the opportunity to study civil PA courses. Th e need for this kind of cross-learning is supported by the new phenomenon that defense and policing are gradually becoming more civilian in their character, while traditional training in these fields must undergo serious changes too. Although the article states that the basic framework of public administration education - as a major driver of public administration culture - is still dominantly legalistic, it also introduces the ways in which the new public-administration education system has tried to change the content of its degree programs and how it has attempted to have an impact on the entire public-administrative system to move from procedural orientation to a more solution-oriented mindset.
7

Research and Development Investment as Determinant of International Competitiveness and Economic Growth in Eu28 and Serbia

63%
Vasić J., Kecman N., Mladenović I.
Economic Themes
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2016
|
vol. 54
|
issue 2
195-216
EN
R&D expenditures (R&D) are an important precondition for the economic growth and development, as well as for the improvement of export performances and competitiveness of national economies. Knowledge has been increasingly identified as the primary factor of economic growth in the modern business environment. In order to outline appropriate policy on R&D expenditures, it is necessary to analyse indicators of the dynamics and quality of R&D expenditures as well as indicators regarding growth and development of national economies. In this paper, we present R&D expenditures of old and new EU Member States as well as Serbia. Based on the correlation intensity of indicators of R&D expenditures and economic growth and export, it’s been analysed if R&D intensity has an impact on competitiveness and growth in mentioned countries since 2000. Although Serbia has implemented significant economic reforms since 2000 and there has been an overall awareness of the need on higher R&D, the R&D sector still lags behind developed countries of the EU. Therefore, this paper directs attention to the importance of identifying and implementing a national policy on R&D expenditures, with special focus on necessity for improved R&D funding of the business sector and growth of R&D funding from abroad.
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