This paper aims to show the impact of hyperinflation on financial results, a phenomenon that is experienced in developed or developing countries. The concepts of hy- perinflation and financial results were highlighted in addition to the effects of hyperinflation on the financial results based on secondary sources and the financial results of multinational corporations (MNCs) operating in Venezuela, which is currently the first among the econo- mies affected by hyperinflation; a significant impact of this type of inflation on these affected corporations was observed. The most important result for this paper is that hyperinflation leads to the issuance of financial results in a misleading manner, and thus it causes difficulty in making proper decisions. Therefore, economies affected by hyperinflation should pay at- tention to solving this problem by focusing on how to manage the causes of hyperinflation.
{"title":"Hyperinflation and Its Impact on the Financial Results","authors":"Oday Tamimi, Ildikó Orbán","doi":"10.13165/IE-20-14-2-01","DOIUrl":"https://doi.org/10.13165/IE-20-14-2-01","url":null,"abstract":"This paper aims to show the impact of hyperinflation on financial results, a phenomenon that is experienced in developed or developing countries. The concepts of hy- perinflation and financial results were highlighted in addition to the effects of hyperinflation on the financial results based on secondary sources and the financial results of multinational corporations (MNCs) operating in Venezuela, which is currently the first among the econo- mies affected by hyperinflation; a significant impact of this type of inflation on these affected corporations was observed. The most important result for this paper is that hyperinflation leads to the issuance of financial results in a misleading manner, and thus it causes difficulty in making proper decisions. Therefore, economies affected by hyperinflation should pay at- tention to solving this problem by focusing on how to manage the causes of hyperinflation.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
E-commerce already covers the entire spectrum of commercial activities. Transacting electronically still causes debate in the legal and non-legal fields. From a com- petition perspective, e-commerce on the one hand provides an opportunity to compete, but on the other hand there is also anti-competitive potential. For this reason, the purpose of this paper is to examine the potential for unfair business competition in e-commerce. The problems to be studied are: What competition issues exist in e-commerce and what problems are faced by the competition agency regarding the issue of competition in e-com- merce. Based on the results of the discussion and analysis, it is concluded that: the issue of competition in e-commerce consists of infrastructure issues and transaction issues. In the issue of infrastructure, the perspective of business competition will arise problems of interconnection agreements between providers that lead to vertical integration, which of course will reduce the benefits of competition in internet access. On the issue of e-commerce transactions, in addition to providing convenience in transactions and efficiency in busi- ness transactions from the perspective of business competition, it will provide potential difficulties in determining market relevance, price dispersion, and price discrimination as well as the possibility of dominant position power and even monopoly in interconnection and the existence of potential price cartel.
{"title":"Emerging Issues of Unfair Competition in Indonesia's E-Commerce Market","authors":"S. Sukarmi, Airin Liemanto","doi":"10.13165/IE-20-14-2-03","DOIUrl":"https://doi.org/10.13165/IE-20-14-2-03","url":null,"abstract":"E-commerce already covers the entire spectrum of commercial activities. Transacting electronically still causes debate in the legal and non-legal fields. From a com- petition perspective, e-commerce on the one hand provides an opportunity to compete, but on the other hand there is also anti-competitive potential. For this reason, the purpose of this paper is to examine the potential for unfair business competition in e-commerce. The problems to be studied are: What competition issues exist in e-commerce and what problems are faced by the competition agency regarding the issue of competition in e-com- merce. Based on the results of the discussion and analysis, it is concluded that: the issue of competition in e-commerce consists of infrastructure issues and transaction issues. In the issue of infrastructure, the perspective of business competition will arise problems of interconnection agreements between providers that lead to vertical integration, which of course will reduce the benefits of competition in internet access. On the issue of e-commerce transactions, in addition to providing convenience in transactions and efficiency in busi- ness transactions from the perspective of business competition, it will provide potential difficulties in determining market relevance, price dispersion, and price discrimination as well as the possibility of dominant position power and even monopoly in interconnection and the existence of potential price cartel.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this study is to investigate the nexus between the banking sector structure and credit risk. Unlike many other studies that address internal and external factors affecting credit risk, the study addresses banking competition, as the banking sector structure has an impact on banks’ loan portfolios. It also employs macro-level data which provides important implications for regulatory authorities. The study utilizes a fixed-effects model to explore the impact of banking competition on credit risk using a panel dataset comprising 52 countries during the period of 1998-2016. In the study, non-performing loans to total gross loans ratio (NPL) is employed as a proxy of credit risk. Lerner index, Boone indicator, and five-bank asset concentration are used for the measurement of banking competition. The empirical findings show that competition and concentration have different impacts on credit risk. Consistent with the relationship lending literature, increased market power alleviates credit risk. On the other hand, concentration does not have a significant impact on credit risk. In particular, banking competition has a more significant impact on credit risk in countries with high non-performing loan volatility. Given higher market power causes less credit problems, policy makers, especially those who officiate in developing economies, should reassess the pro-competition policies. In addition, increasing income and higher foreign ownership diminish credit risk, whereas higher unemployment and a larger amount of credit trigger credit risk. Therefore, bank managers should follow up macroeconomic factors in their lending decisions. Lastly, it should be kept in mind that these results are obtained from cross-country data and the banking regulations in a specific country may affect the relationship between banking competition and credit risk.
{"title":"Bank Competition, Concentration and Credit Risk","authors":"Ibrahim Yagli","doi":"10.13165/IE-20-14-2-02","DOIUrl":"https://doi.org/10.13165/IE-20-14-2-02","url":null,"abstract":"The purpose of this study is to investigate the nexus between the banking sector structure and credit risk. Unlike many other studies that address internal and external factors affecting credit risk, the study addresses banking competition, as the banking sector structure has an impact on banks’ loan portfolios. It also employs macro-level data which provides important implications for regulatory authorities. The study utilizes a fixed-effects model to explore the impact of banking competition on credit risk using a panel dataset comprising 52 countries during the period of 1998-2016. In the study, non-performing loans to total gross loans ratio (NPL) is employed as a proxy of credit risk. Lerner index, Boone indicator, and five-bank asset concentration are used for the measurement of banking competition. The empirical findings show that competition and concentration have different impacts on credit risk. Consistent with the relationship lending literature, increased market power alleviates credit risk. On the other hand, concentration does not have a significant impact on credit risk. In particular, banking competition has a more significant impact on credit risk in countries with high non-performing loan volatility. Given higher market power causes less credit problems, policy makers, especially those who officiate in developing economies, should reassess the pro-competition policies. In addition, increasing income and higher foreign ownership diminish credit risk, whereas higher unemployment and a larger amount of credit trigger credit risk. Therefore, bank managers should follow up macroeconomic factors in their lending decisions. Lastly, it should be kept in mind that these results are obtained from cross-country data and the banking regulations in a specific country may affect the relationship between banking competition and credit risk.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of the paper is to reflect the peculiarities of post-implementation review of investment strategy and investment projects in dairy companies in Ukraine. Methodology . A survey regarding current usage of strategic instruments and investment controlling among top-management of dairy industry companies in Ukraine had been conducted. Strategic plan construction tools and processes among dairy companies in Ukraine had been investigated. Results . The article contains the investigation on value-adding of strategic planning tools and particularly investment strategy build-up in order to achieve financial and social goals of the company. General review shows that dairy companies in Ukraine do not sufficiently use such tools, which has negative long-term consequences. Three directions of post-implementation review had been identified: separate investment projects post-implementation review, strategy (and particularly – investment strategy) post-implementation review and strategic planning process and tools post-implementation review. The last mentioned is vital for FMCG companies’ usage in developing countries due to internal and external vulnerability factors. Other two types of post-implementation review have to be conducted in order to assure value-adding from strategic planning process and investment projects implementation. Practical value . Companies, particularly on topand middle-management level, may use proposed procedures of post-implementation review in order to build-up or optimize processes related to strategic planning and investment implementation. Originality . Tools of post-implementation review regarding investment projects, investment and overall business strategy had been structured and worked out.
{"title":"Post-Implementation Review of Investments in Dairy Companies in Ukraine","authors":"O. Grishnova, Adrian Kozlovskyy","doi":"10.13165/IE-20-14-2-08","DOIUrl":"https://doi.org/10.13165/IE-20-14-2-08","url":null,"abstract":"The purpose of the paper is to reflect the peculiarities of post-implementation review of investment strategy and investment projects in dairy companies in Ukraine. Methodology . A survey regarding current usage of strategic instruments and investment controlling among top-management of dairy industry companies in Ukraine had been conducted. Strategic plan construction tools and processes among dairy companies in Ukraine had been investigated. Results . The article contains the investigation on value-adding of strategic planning tools and particularly investment strategy build-up in order to achieve financial and social goals of the company. General review shows that dairy companies in Ukraine do not sufficiently use such tools, which has negative long-term consequences. Three directions of post-implementation review had been identified: separate investment projects post-implementation review, strategy (and particularly – investment strategy) post-implementation review and strategic planning process and tools post-implementation review. The last mentioned is vital for FMCG companies’ usage in developing countries due to internal and external vulnerability factors. Other two types of post-implementation review have to be conducted in order to assure value-adding from strategic planning process and investment projects implementation. Practical value . Companies, particularly on topand middle-management level, may use proposed procedures of post-implementation review in order to build-up or optimize processes related to strategic planning and investment implementation. Originality . Tools of post-implementation review regarding investment projects, investment and overall business strategy had been structured and worked out.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
More and more companies worldwide choose to perform environmental, social, and governance (ESG) disclosures to improve their financial and reputational performance. Several recent studies suggest that board diversity can have a material role in explaining the ESG disclosure differences. This article aims to evaluate the relationship between board diversity and the ESG disclosures for companies listed on the NASDAQ OMX Baltic Stock exchange. First, the board diversity metrics of the public companies in Lithuania, Latvia, and Estonia are derived and compared to a sample of listed companies in other European countries to provide a relative comparison of the current degree of board diversity. Next, by performing content analysis of the non-financial reports and statistical analysis of the retrieved data, ESG disclosure scores are obtained. Finally, a correlation and independent t-test analysis is performed to evaluate the board diversity’s influence on the ESG disclosure scores. The results show that companies with larger boards and companies having female representatives on their supervisory boards have on average higher non-financial disclosures scores. No statistically significant results are found for gender diversity on the management boards. The results shed a light on the current stance of the board diversity of the listed Baltic companies as well as contribute to the growing academic literature trying to derive the sustainability drivers in the corporate set-up.
{"title":"Does Diversity Drive Non-Financial Reporting: Evidence from the Baltic States","authors":"Ilze Zumente, Nataļja Lāce","doi":"10.13165/IE-20-14-2-04","DOIUrl":"https://doi.org/10.13165/IE-20-14-2-04","url":null,"abstract":"More and more companies worldwide choose to perform environmental, social, and governance (ESG) disclosures to improve their financial and reputational performance. Several recent studies suggest that board diversity can have a material role in explaining the ESG disclosure differences. This article aims to evaluate the relationship between board diversity and the ESG disclosures for companies listed on the NASDAQ OMX Baltic Stock exchange. First, the board diversity metrics of the public companies in Lithuania, Latvia, and Estonia are derived and compared to a sample of listed companies in other European countries to provide a relative comparison of the current degree of board diversity. Next, by performing content analysis of the non-financial reports and statistical analysis of the retrieved data, ESG disclosure scores are obtained. Finally, a correlation and independent t-test analysis is performed to evaluate the board diversity’s influence on the ESG disclosure scores. The results show that companies with larger boards and companies having female representatives on their supervisory boards have on average higher non-financial disclosures scores. No statistically significant results are found for gender diversity on the management boards. The results shed a light on the current stance of the board diversity of the listed Baltic companies as well as contribute to the growing academic literature trying to derive the sustainability drivers in the corporate set-up.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper deals with analysis and evaluation of impact of information and communication technologies (ICT) on economic growth at the different hierarchical levels. Based on global tendencies of ICT development and their use as a factor of competitive advantages, it is proved that sustainable socioeconomic growth has acquired features of permanent digital development. For developing countries steep ICT development can enforce new impulse of economic progress, which in turn, is proved by correlation analysis and modeling of ICT factors influence on the main financial results. Considering current ICT development trends in business (based on case study of Ukraine ICT use statistics as one of the developing countries) and their relations with financial results, the main policy making actions aiming at further economic development can be defined. They should be aimed mainly at Internet access outspread and web-technologies effective use, particularly in the field of e-commerce.
{"title":"Ict And Economic Growth: Links And Possibilities Of Engaging","authors":"Y. Bilan, H. Mishchuk, N. Samoliuk, O. Grishnova","doi":"10.13165/IE-19-13-1-07","DOIUrl":"https://doi.org/10.13165/IE-19-13-1-07","url":null,"abstract":"The paper deals with analysis and evaluation of impact of information and communication technologies (ICT) on economic growth at the different hierarchical levels. Based on global tendencies of ICT development and their use as a factor of competitive advantages, it is proved that sustainable socioeconomic growth has acquired features of permanent digital development. For developing countries steep ICT development can enforce new impulse of economic progress, which in turn, is proved by correlation analysis and modeling of ICT factors influence on the main financial results. Considering current ICT development trends in business (based on case study of Ukraine ICT use statistics as one of the developing countries) and their relations with financial results, the main policy making actions aiming at further economic development can be defined. They should be aimed mainly at Internet access outspread and web-technologies effective use, particularly in the field of e-commerce.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44257881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
G. Wolska, I. Bąk, I. V. Raguž, Maciej Oesterreich
Abstract. Still three decades ago, the concept of CSR was no subject of interest for scientists in Poland and Croatia. However, today it has become the area of interest among academic circles, exceeding beyond businesscircles. Previously, the economies overwhelmed with neo-liberal ideology attached little importance to the issues promoted by CSR, e.g. environmental, ethical and social issues.Only the 2008+ crisis revealed the need to use the normative potential within the material infrastructure of CSR at all levels of business activity.Therefore, there was an opportunity to begin effective social dialogue.More and more universities (not only universities of economics) decided to include this issue in their study programmes. However, research surveys conducted by the authors of this article revealed that so far, in Poland and Croatia, the results are not completely satisfactory.The aim of this article is to evaluate the educational outcomes within CSR under research conducted among the Polish and Croatian students at universities of economics.
{"title":"Implications Of Education Within Csr At The Example Of Polish And Croatian Students At Universities Of Economics","authors":"G. Wolska, I. Bąk, I. V. Raguž, Maciej Oesterreich","doi":"10.13165/IE-19-13-1-06","DOIUrl":"https://doi.org/10.13165/IE-19-13-1-06","url":null,"abstract":"Abstract. Still three decades ago, the concept of CSR was no subject of interest for scientists in Poland and Croatia. However, today it has become the area of interest among academic circles, exceeding beyond businesscircles. Previously, the economies overwhelmed with neo-liberal ideology attached little importance to the issues promoted by CSR, e.g. environmental, ethical and social issues.Only the 2008+ crisis revealed the need to use the normative potential within the material infrastructure of CSR at all levels of business activity.Therefore, there was an opportunity to begin effective social dialogue.More and more universities (not only universities of economics) decided to include this issue in their study programmes. However, research surveys conducted by the authors of this article revealed that so far, in Poland and Croatia, the results are not completely satisfactory.The aim of this article is to evaluate the educational outcomes within CSR under research conducted among the Polish and Croatian students at universities of economics.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47055058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper presents the results of survey dedicated to the European funds and their role to the development of the local community in Bulgaria. The survey was conducted in the beginning of 2019 among representatives, from different hierarchical level, of the Bulgarian municipalities. The authors claim that for the small municipalities with limited financial budget and lack of well-developed local economy, which is not directly based on the specific location for tourist services or big private investment, the European funding is the major instrument for the realization of local public policy and regional development. The results of survey show the improvement of the positive attitude towards environment and institutional system of management EU funds in Bulgaria in comparison with the previous programming period.
{"title":"Research of the environmental development for implementation of European projects by the Bulgarian municipalities","authors":"K. Anguelov, Miglena Angelova","doi":"10.13165/IE-19-13-1-05","DOIUrl":"https://doi.org/10.13165/IE-19-13-1-05","url":null,"abstract":"The paper presents the results of survey dedicated to the European funds and their role to the development of the local community in Bulgaria. The survey was conducted in the beginning of 2019 among representatives, from different hierarchical level, of the Bulgarian municipalities. The authors claim that for the small municipalities with limited financial budget and lack of well-developed local economy, which is not directly based on the specific location for tourist services or big private investment, the European funding is the major instrument for the realization of local public policy and regional development. The results of survey show the improvement of the positive attitude towards environment and institutional system of management EU funds in Bulgaria in comparison with the previous programming period.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46634877","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
N. Khorunzhak, N. Semenyshena, O. Adamyk, I. Sadovska, Kateryna Nahirska, V. Zhuk
В статье представлены теоретические основы оптимизации бюджетных расходов в сфере образовательных услуг и здравоохранения. Исследование известных методов расчетов для оценки состояния населения и среднегодовой численности студентов. Предложено усовершенствовать методологию расчета базовых показателей на основе обобщенных недостатков известных подходов к оценке на основе взвешенных и экспоненциально-средних показателей для ее планирования в бюджетном учреждении, что позволяет снизить риски в финансовом отношении в отношении предоставления услуг бюджетным сферам, а также для достижения экономии бюджетных средств , Использование рекомендуемых подходов к расчетам исходных расчетов при составлении оценок в обязательном порядке не требует дополнительных учетных процедур и документации, однако с точки зрения организационной точки зрения требуется строгое выполнение и выполнение ряда подготовительных работ. Расчет рекомендуемых показателей приведен на примере статистических данных 2017 года.
{"title":"THE METHODOLOGY FOR CALCULATING BASELINE INDICATORS FOR BUDGETING EXPENDITURES OF BUDGETARY INSTITUTIONS: THE CASE OF UKRAINE","authors":"N. Khorunzhak, N. Semenyshena, O. Adamyk, I. Sadovska, Kateryna Nahirska, V. Zhuk","doi":"10.13165/IE-19-13-1-04","DOIUrl":"https://doi.org/10.13165/IE-19-13-1-04","url":null,"abstract":"В статье представлены теоретические основы оптимизации бюджетных расходов в сфере образовательных услуг и здравоохранения. Исследование известных методов расчетов для оценки состояния населения и среднегодовой численности студентов. Предложено усовершенствовать методологию расчета базовых показателей на основе обобщенных недостатков известных подходов к оценке на основе взвешенных и экспоненциально-средних показателей для ее планирования в бюджетном учреждении, что позволяет снизить риски в финансовом отношении в отношении предоставления услуг бюджетным сферам, а также для достижения экономии бюджетных средств , Использование рекомендуемых подходов к расчетам исходных расчетов при составлении оценок в обязательном порядке не требует дополнительных учетных процедур и документации, однако с точки зрения организационной точки зрения требуется строгое выполнение и выполнение ряда подготовительных работ. Расчет рекомендуемых показателей приведен на примере статистических данных 2017 года.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42096170","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Within last few years Polish labour market has undergone significant structural changes, where the main labour markets policy challenges moved from the problem of fighting unemployment to the problem of labour market shortages and the issue of increasing allocation effectiveness of labour force. This situation creates the need for building new and updating the existing quantitative diagnostic tools that can be useful for providing labour market policy guidelines. As a result, the main objective of the article is to conduct re-specification of the occupational model for major occupational groups with a high adjustment to empirical data and good statistical properties, which could be applied for forecasting purposes. To fulfil the aim of the article the causal model econometric model for major occupational groups in Poland in the years 1995-2016 was re-specified. From the forecasting perspective the obtained model is currently the most updated tool with respect to the occupational structure in Polish labour market, which in the same time is characterised with sufficient statistical quality. From the economic perspective the research confirms the process of modernisation of Polish economy and the structural changes that are conducive to the tendencies observed in the EU-27 countries.
{"title":"Changes in the occupational structure of the labour market in Poland in 1995-2016","authors":"A. Balcerzak, Artur Gajdos","doi":"10.13165//IE-19-13-1-03","DOIUrl":"https://doi.org/10.13165//IE-19-13-1-03","url":null,"abstract":"Within last few years Polish labour market has undergone significant structural changes, where the main labour markets policy challenges moved from the problem of fighting unemployment to the problem of labour market shortages and the issue of increasing allocation effectiveness of labour force. This situation creates the need for building new and updating the existing quantitative diagnostic tools that can be useful for providing labour market policy guidelines. As a result, the main objective of the article is to conduct re-specification of the occupational model for major occupational groups with a high adjustment to empirical data and good statistical properties, which could be applied for forecasting purposes. To fulfil the aim of the article the causal model econometric model for major occupational groups in Poland in the years 1995-2016 was re-specified. From the forecasting perspective the obtained model is currently the most updated tool with respect to the occupational structure in Polish labour market, which in the same time is characterised with sufficient statistical quality. From the economic perspective the research confirms the process of modernisation of Polish economy and the structural changes that are conducive to the tendencies observed in the EU-27 countries.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47944953","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：