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EN
The aim of this study is to analyze the determinants of the bank profitability and efficiency in conventional banks. This study compares accounting-based and economic-based measures of efficiency and profitability of conventional banks in fourteen countries. Accounting variables help explain cost and profit efficiency, but cost efficiency has little impact on profitability and profit efficiency. In fact, the study of profitability is crucial in assessing the health of organizations. However, profitability of the banking sector is particularly important as the soundness of the sector is closely related to the soundness of the entire economy. In this paper, banks’ profitability and its determinants in Tunisia as well as in 13 different countries were investigated. The determinants of bank profitability are analyzed with the data from 110 banks over the period 1999–2012 using the panel data method generalized method of moments. Our results suggest that researchers should probably focus more on profit efficiency than cost efficiency. Almost all banks are below the optimal size.
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EN
According to discounted utility theory, which is considered normative theory of intertemporal choice, every amount of money or other asset discounted in the same circumstances should be discounted with the same discount rate. A lot of scientists claim that in reality subjective discount rates are not constant in constant circumstances. Magnitude effect, quite often described, may cause that bigger amounts are discounted less steeply than smaller ones. In this article results of previous research are described and compared to the results obtained by the author.
PL
Nowa teoria handlu i nowa geografia gospodarcza wyjaśnia specjalizację produkcyjną krajów i regionów korzyściami płynącymi z dużej skali produkcji, osiągalnymi nawet wtedy, gdy partnerzy wymiany znajdują się w podobnej sytuacji gospodarczej i mają podobne zasoby czynników produkcji. Natomiast tradycyjna teoria handlu eksponuje przewagę konkurencyjną wynikającą z różnic technologii i kosztów. Ostatnio niektórzy autorzy proponują połączyć ze sobą obydwa te ujęcia. Po omówieniu tła teoretycznego artykuł przedstawia analizę empiryczną opartą na danych panelowych, która próbuje wyjaśnić gałęziową i regionalną strukturę przemysłu przetwórczego w Kolumbii. Uzyskane wyniki potwierdzają znaczenie warunków naturalnych, wyposażenia zasobowego, kosztów transportu oraz dostępu do krajowych i międzynarodowych łańcuchów produkcyjnych w kształtowaniu struktury przestrzennej przemysłu i jej tendencji rozwojowych.
EN
The New Trade Theory(NTT) and New Economic Geography (NEG) explain production specialization of countries or regions by benefits stemming from economies of scale, which are available even when trade partners are in similar economic conditions and with even resource endowments. Conversely, the traditional trade theory relies on comparative advantages that emerge from differences in technology and costs. Recently, some authors propose to combine both theories. After discussing the theoretical background, the paper presents an empirical analysis based on panel data which tries to explain the branch and regional structure of manufacturing industry in Colombia. The results confirm the importance of natural advantage, resource endowments, transport costs and the access to national and international industrial circuits in shaping the spatial structure of manufacturing and its development trends.
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