Pub Date : 2022-11-14DOI: 10.24818/oec/2021/30/3.04
Francisca Buşinschi
Within an economy, entrepreneurship is a ubiquitous aspect of human action. Productive, unproductive or destructive entrepreneurship can be stimulated based on the perceived or expected rewards, and according to the rules of the game. This paper presents an analysis of how institutions increase entrepreneurial performance and create an advantageous environment for the development of activities that contribute to the well-being of society. The aim of this paper is to present an image of the quality of the entrepreneurial environment in Romania, by exposing entrepreneurial behaviours in the context of the elements that describe the institutional framework in which entrepreneurs act. Every entrepreneur intentionally adopts a certain type of goal-oriented behaviour and consciously, deliberately and rationally chooses the most effective means to achieve them. Institutions are those that directly influence the evolution and performance of the entrepreneurial environment, facilitating the success and the way in which the actions of entrepreneurs are coordinated.
{"title":"CALITATEA ANTREPRENORIATULUI\u0000ÎN ROMÂNIA: O ANALIZĂ\u0000\u0000A COMPORTAMENTELOR ANTREPRENORIALE\u0000DIN PERSPECTIVĂ PRAXEOLOGICĂ","authors":"Francisca Buşinschi","doi":"10.24818/oec/2021/30/3.04","DOIUrl":"https://doi.org/10.24818/oec/2021/30/3.04","url":null,"abstract":"Within an economy, entrepreneurship is a ubiquitous aspect of human action. Productive,\u0000unproductive or destructive entrepreneurship can be stimulated based on the perceived or\u0000expected rewards, and according to the rules of the game. This paper presents an analysis\u0000of how institutions increase entrepreneurial performance and create an advantageous\u0000environment for the development of activities that contribute to the well-being of society.\u0000The aim of this paper is to present an image of the quality of the entrepreneurial\u0000environment in Romania, by exposing entrepreneurial behaviours in the context of the\u0000elements that describe the institutional framework in which entrepreneurs act. Every\u0000entrepreneur intentionally adopts a certain type of goal-oriented behaviour and\u0000consciously, deliberately and rationally chooses the most effective means to achieve them.\u0000Institutions are those that directly influence the evolution and performance of the\u0000entrepreneurial environment, facilitating the success and the way in which the actions of\u0000entrepreneurs are coordinated.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"26 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75618623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-14DOI: 10.24818/oec/2021/30/3.06
Adrian-Ioan Damoc
The Covid-19 pandemic has generated significant humanitarian, political, and economic turmoil since its onset in early 2020. The crisis has since spread throughout the entire world with an overwhelmingly negative impact. At the European Union level, both the initial reaction and the uneven economic outcome across member states pointed to an underlying lack of political and economic cohesion, as well as stark vulnerabilities in its foreign trade network. Current research has explored these topics as well as on several public statements by the European Union’s leadership revealing a potential shift in the European Union’s geopolitical and geoeconomic outlook. The aim of the present paper is to determine the fundamental principles that guide this shift. The present paper investigates the European Union’s current situation, the climate in its immediate vicinity as well its recent actions and trends and, using an intelligence analysis technique known as the linchpin analysis, seeks to discover the core reasons that underlie the EU’s foreign trade strategy. The main findings reveal that the European Union’s current climate and insufficient attention directed to common geopolitical goals call for urgent actions, lest centrifugal forces threaten to further undermine its growth and development.
{"title":"GEOPOLITICAL DETERMINANTS\u0000OF THE EUROPEAN UNION’S\u0000FOREIGN TRADE STRATEGY\u0000IN LIGHT OF THE COVID-19 PANDEMIC","authors":"Adrian-Ioan Damoc","doi":"10.24818/oec/2021/30/3.06","DOIUrl":"https://doi.org/10.24818/oec/2021/30/3.06","url":null,"abstract":"The Covid-19 pandemic has generated significant humanitarian, political, and economic\u0000turmoil since its onset in early 2020. The crisis has since spread throughout the entire\u0000world with an overwhelmingly negative impact. At the European Union level, both the\u0000initial reaction and the uneven economic outcome across member states pointed to an\u0000underlying lack of political and economic cohesion, as well as stark vulnerabilities in its\u0000foreign trade network. Current research has explored these topics as well as on several\u0000public statements by the European Union’s leadership revealing a potential shift in the\u0000European Union’s geopolitical and geoeconomic outlook. The aim of the present paper is to\u0000determine the fundamental principles that guide this shift. The present paper investigates\u0000the European Union’s current situation, the climate in its immediate vicinity as well its\u0000recent actions and trends and, using an intelligence analysis technique known as the\u0000linchpin analysis, seeks to discover the core reasons that underlie the EU’s foreign trade\u0000strategy. The main findings reveal that the European Union’s current climate and\u0000insufficient attention directed to common geopolitical goals call for urgent actions, lest\u0000centrifugal forces threaten to further undermine its growth and development.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"2015 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87807708","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-14DOI: 10.24818/oec/2021/30/3.05
Andreea Strambu-Dima
Agrifood products are sold both in modern retail stores, such as supermarkets, hypermarkets, and discount stores, and in traditional retail, such as agrifood markets and small grocery shops. Unequal competition is felt between modern and traditional retailers, between Romanian and imported products, and between processed and unprocessed foods, especially since over 80% of Romanians purchase their groceries in modern retail stores. To help small farmers, and even small traditional retailers, this research identifies several customer segments and their characteristics, followed by some marketing solutions adapted to their specific profiles. Also, we have observed two particular trends: an increased importance given to the proximity of the stores, and an increase in online grocery shopping.
{"title":"SMALL AGRIFOOD PRODUCERS\u0000REACHING THE CONSUMERS:\u0000CHALLENGES AND SOLUTIONS\u0000FROM A MARKETING PERSPECTIVE","authors":"Andreea Strambu-Dima","doi":"10.24818/oec/2021/30/3.05","DOIUrl":"https://doi.org/10.24818/oec/2021/30/3.05","url":null,"abstract":"Agrifood products are sold both in modern retail stores, such as supermarkets,\u0000hypermarkets, and discount stores, and in traditional retail, such as agrifood markets and\u0000small grocery shops. Unequal competition is felt between modern and traditional retailers,\u0000between Romanian and imported products, and between processed and unprocessed\u0000foods, especially since over 80% of Romanians purchase their groceries in modern retail\u0000stores. To help small farmers, and even small traditional retailers, this research identifies\u0000several customer segments and their characteristics, followed by some marketing solutions\u0000adapted to their specific profiles. Also, we have observed two particular trends: an\u0000increased importance given to the proximity of the stores, and an increase in online\u0000grocery shopping.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"29 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84711015","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-14DOI: 10.24818/oec/2021/30/3.02
Petre Comşa, Costea Munteanu
It is particularly well-acknowledged that working is a means of relating to the world and our neighbours. Daily activity, carried out over several hours for several years, serves to organise in a very specific way our understanding of the world and our neighbours. The fact is that “within us are impressed the manners of comprehending the world and how we relate to our fellow men, as they are shaped through thousands of hours of labour, such that, to a great extent, our vision of the world and life bears the print of the labour we exert all throughout our lives”, as noted by Adrian Sorin Mihalache. On the other hand, today’s technology has considerably permeated most occupations, the tendency being that robots, computers, automation systems, automata and intelligent machines are replacing people in labour to a greater and greater extent. Therefore, the ever-increasing scope of gadgets and tech services “reveal the signs and signals of a profound metamorphosis of labour” (idem), with the overuse of technology leading to the atrophy of man’s powers and ability to open himself to the world. In this sense, we find great relevance in the ideas developed by the French novelist and philosopher Michel Henry: “Since the dawn of the industrial era and as a simple consequence of the progressive replacement of «the working force» with natural energies, it was possible to foreshadow the diminishment of the activities of workers to that of mere supervision, which is tantamount to the atrophy of nearly all the subjective potentialities of the living individual and, thus, to rising disquietude and discontent”. Our intention with the present study is to attempt a modest exposition of the teaching of Eastern Orthodox Christianity on labour and to highlight landmarks that may, on the one hand, shed light on the way to a more profound understanding of the consequences of the deep metamorphosis of labour we are currently witnessing, and, on the other hand, to offer clues on the developing position of Christians to these dynamics.
{"title":"REFLECŢII ORTODOXE DESPRE MUNCĂ","authors":"Petre Comşa, Costea Munteanu","doi":"10.24818/oec/2021/30/3.02","DOIUrl":"https://doi.org/10.24818/oec/2021/30/3.02","url":null,"abstract":"It is particularly well-acknowledged that working is a means of relating to the world and\u0000our neighbours. Daily activity, carried out over several hours for several years, serves to\u0000organise in a very specific way our understanding of the world and our neighbours. The\u0000fact is that “within us are impressed the manners of comprehending the world and how we\u0000relate to our fellow men, as they are shaped through thousands of hours of labour, such\u0000that, to a great extent, our vision of the world and life bears the print of the labour we\u0000exert all throughout our lives”, as noted by Adrian Sorin Mihalache. On the other hand,\u0000today’s technology has considerably permeated most occupations, the tendency being that\u0000robots, computers, automation systems, automata and intelligent machines are replacing\u0000people in labour to a greater and greater extent. Therefore, the ever-increasing scope of\u0000gadgets and tech services “reveal the signs and signals of a profound metamorphosis of\u0000labour” (idem), with the overuse of technology leading to the atrophy of man’s powers and\u0000ability to open himself to the world. In this sense, we find great relevance in the ideas\u0000developed by the French novelist and philosopher Michel Henry: “Since the dawn of the\u0000industrial era and as a simple consequence of the progressive replacement of «the working\u0000force» with natural energies, it was possible to foreshadow the diminishment of the\u0000activities of workers to that of mere supervision, which is tantamount to the atrophy of\u0000nearly all the subjective potentialities of the living individual and, thus, to rising\u0000disquietude and discontent”. Our intention with the present study is to attempt a modest\u0000exposition of the teaching of Eastern Orthodox Christianity on labour and to highlight\u0000landmarks that may, on the one hand, shed light on the way to a more profound\u0000understanding of the consequences of the deep metamorphosis of labour we are currently\u0000witnessing, and, on the other hand, to offer clues on the developing position of Christians\u0000to these dynamics.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"30 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82781309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-14DOI: 10.24818/oec/2021/30/3.03
Ioana Cătălina Diaconescu, Sebastian Bălănică
Income and wealth disparity are some of the defining problems of our time. In sophisticated economies, the wealth gap between the rich and the poor is at an all-time high. Inequality developments in emerging markets and developing nations have varied, with some countries experiencing declining inequality while others continue to experience entrenched disparities in access to education, health care, and finance. The gap between the rich and the poor is expanding not only in affluent societies. Although emerging countries have achieved enormous progress in eradicating poverty in recent years, economic inequality has still risen in some of them. In certain Asian economic powerhouses, for instance, income gaps have widened. This phenomenon has also spread to Sub-Saharan Africa and a few South American countries. In both industrialized and developing countries, income disparity is merely one component of larger economic and social imbalances. What is not clear is the answer that will solve this problem once and for all. The major pressure that the Covid-19 pandemic has put on our welfare systems, as well as the potential contribution of artificial intelligence to increasing inequality have given new relevance to the demand for a universal allowance scheme. It is in this setting that we intend to examine, firstly, the ethical foundations of Universal Basic Income (UBI); secondly, the benefits and issues of a basic income scheme, both at the level of the concept of equality and — as much as possible — from an empirical standpoint; thirdly, the two essential aspects which must be tackled before an UBI is implemented, namely generational wealth and taxation.
{"title":"THE SAGA OF INCOME INEQUALITY:\u0000\u0000A THREEFOLD PROBLEM\u0000AND AN UNFOLDING SOLUTION?","authors":"Ioana Cătălina Diaconescu, Sebastian Bălănică","doi":"10.24818/oec/2021/30/3.03","DOIUrl":"https://doi.org/10.24818/oec/2021/30/3.03","url":null,"abstract":"Income and wealth disparity are some of the defining problems of our time. In\u0000sophisticated economies, the wealth gap between the rich and the poor is at an all-time\u0000high. Inequality developments in emerging markets and developing nations have varied,\u0000with some countries experiencing declining inequality while others continue to experience\u0000entrenched disparities in access to education, health care, and finance. The gap between\u0000the rich and the poor is expanding not only in affluent societies. Although emerging\u0000countries have achieved enormous progress in eradicating poverty in recent years,\u0000economic inequality has still risen in some of them. In certain Asian economic\u0000powerhouses, for instance, income gaps have widened. This phenomenon has also spread\u0000to Sub-Saharan Africa and a few South American countries. In both industrialized and\u0000developing countries, income disparity is merely one component of larger economic and\u0000social imbalances. What is not clear is the answer that will solve this problem once and for\u0000all. The major pressure that the Covid-19 pandemic has put on our welfare systems, as\u0000well as the potential contribution of artificial intelligence to increasing inequality have\u0000given new relevance to the demand for a universal allowance scheme. It is in this setting\u0000that we intend to examine, firstly, the ethical foundations of Universal Basic Income (UBI);\u0000secondly, the benefits and issues of a basic income scheme, both at the level of the\u0000concept of equality and — as much as possible — from an empirical standpoint; thirdly,\u0000the two essential aspects which must be tackled before an UBI is implemented, namely\u0000generational wealth and taxation.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"392 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76428280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-03-30DOI: 10.24818/oec/2021/30/1.05
Vlad Epurescu
As evidence shows, in the early stages of the pandemic, medical services were overwhelmed by the large number of COVID-19 cases that far exceeded both initial predictions and logistic capacity. To decelerate and contain the spread of the virus, the European Union, like all other great economic powers, attempted to provide a symmetrical response. Thus, curfew measures were imposed in order to restrict mobility and isolate the population from the COVID-19 hotspots. These measures could be associated to widespread contagion effects in the economy, a deterioration of the public finances and a distortion of many supply chains, some of them critical for the EU. The main aim of this paper is to provide a more objective and comprehensive picture of how the European Union economic landscape has been affected by the coronavirus pandemic. In this regard, the author analyses, using some of the most relevant databases, the manner in which the COVID-19 pandemic has influenced, at a macroeconomic level, the dynamics of production, public spending, private investment, consumption and intra- and extra-EU trade. Further, the second aim was to analyse the directions proposed by the European Union for the post-pandemic economic recovery. Finally, the author underlines the need to focus more on the security of supply for essential materials in dealing with future crises, such as climate change. The research is mainly phenomenological in nature and, with the help of the positivist dimension, the author captured the most representative and useful correlations and causal relationships resulting from the analytical approach used in this paper.
{"title":"The Disruptive Effects of COVID-19 Pandemic on the Dynamics of EU Macroeconomic Indicators and on Essential Supply Chains","authors":"Vlad Epurescu","doi":"10.24818/oec/2021/30/1.05","DOIUrl":"https://doi.org/10.24818/oec/2021/30/1.05","url":null,"abstract":"As evidence shows, in the early stages of the pandemic, medical services were overwhelmed by the large number of COVID-19 cases that far exceeded both initial predictions and logistic capacity. To decelerate and contain the spread of the virus, the European Union, like all other great economic powers, attempted to provide a symmetrical response. Thus, curfew measures were imposed in order to restrict mobility and isolate the population from the COVID-19 hotspots. These measures could be associated to widespread contagion effects in the economy, a deterioration of the public finances and a distortion of many supply chains, some of them critical for the EU. The main aim of this paper is to provide a more objective and comprehensive picture of how the European Union economic landscape has been affected by the coronavirus pandemic. In this regard, the author analyses, using some of the most relevant databases, the manner in which the COVID-19 pandemic has influenced, at a macroeconomic level, the dynamics of production, public spending, private investment, consumption and intra- and extra-EU trade. Further, the second aim was to analyse the directions proposed by the European Union for the post-pandemic economic recovery. Finally, the author underlines the need to focus more on the security of supply for essential materials in dealing with future crises, such as climate change. The research is mainly phenomenological in nature and, with the help of the positivist dimension, the author captured the most representative and useful correlations and causal relationships resulting from the analytical approach used in this paper.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"8 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84455619","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper develops a life insurance liability valuation model that integrates the balance-sheet insurer loans with the shadow banking entrusted loans in a premature default risk environment. It is shown that the life insurance policyholder significantly benefits from the entrusted loan activities in a less likely premature default risk environment. The policyholder protection is increased in accord with a high guaranteed interest rate, particularly when the life insurance company has ample access to entrusted loans. The policyholder protection is also significantly increased by a high participation level when the life insurance company ‘shrinks away’ from accessing entrusted loans. Overall, the authors concluded that shadow banking entrusted loans help policyholder protection.
{"title":"Shadow banking and life insurance policyholder protection","authors":"Chuen-Ping Chang, Shi Chen, Jyh-Jiuan Lin","doi":"10.15611/aoe.2022.2.10","DOIUrl":"https://doi.org/10.15611/aoe.2022.2.10","url":null,"abstract":"This paper develops a life insurance liability valuation model that integrates the balance-sheet insurer loans with the shadow banking entrusted loans in a premature default risk environment. It is shown that the life insurance policyholder significantly benefits from the entrusted loan activities in a less likely premature default risk environment. The policyholder protection is increased in accord with a high guaranteed interest rate, particularly when the life insurance company has ample access to entrusted loans. The policyholder protection is also significantly increased by a high participation level when the life insurance company ‘shrinks away’ from accessing entrusted loans. Overall, the authors concluded that shadow banking entrusted loans help policyholder protection.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Higher women’s labour force participation (LFP), is a significant contributing factor in achieving economic growth, poverty reduction, and female empowerment. Although women’s LFP increased from 14% in 2001-02, to 20% in 2017-18, Pakistan is still lagging behind in women’s labour market participation compared to countries on a similar development ladder. The presented study explored the contributing factors of low female LFP in Pakistan for male and female-headed households separately, using the micro data set from Pakistan Labour Force Survey 2017-18. The empirical evidence for the contributing factors of female LFP suggests that urban women are less likely to be engaged in work activities. Women with higher education, from extended families and those who received vocational training, will engage more in labour market activities. Regarding the heads of households, the results reveal that women from female-headed households supply their labour services more than those from male-headed households. The authors infer from their analysis that due to gender norms and patriarchy at the household level, most women from male-headed households are not part of the labour force.
{"title":"Does the gender of the head of the household affect the labour market outcomes for females? An empirical analysis for Pakistan based on Labour Force Survey (LFS 2017-2018)","authors":"Zubaria Andlib, Mudassira Sarfaz, Muhammad Kamran","doi":"10.15611/aoe.2022.2.04","DOIUrl":"https://doi.org/10.15611/aoe.2022.2.04","url":null,"abstract":"Higher women’s labour force participation (LFP), is a significant contributing factor in achieving economic growth, poverty reduction, and female empowerment. Although women’s LFP increased from 14% in 2001-02, to 20% in 2017-18, Pakistan is still lagging behind in women’s labour market participation compared to countries on a similar development ladder. The presented study explored the contributing factors of low female LFP in Pakistan for male and female-headed households separately, using the micro data set from Pakistan Labour Force Survey 2017-18. The empirical evidence for the contributing factors of female LFP suggests that urban women are less likely to be engaged in work activities. Women with higher education, from extended families and those who received vocational training, will engage more in labour market activities. Regarding the heads of households, the results reveal that women from female-headed households supply their labour services more than those from male-headed households. The authors infer from their analysis that due to gender norms and patriarchy at the household level, most women from male-headed households are not part of the labour force.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085296","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The article is aimed at putting in order factors decisive for the risk of foreign divestment in Poland during the COVID-19 pandemic. The research covered factors regarding market, cost, industry, law, and political factors that can be important for the assessment of the risk of divestment and was based on a conjoint analysis. Such an analysis allowed for estimating the partial utilities of the surveyed companies and the subsequent calculation of the importance level of variables which represent the determinants of divestment risk. In addition, estimated partial utilities enabled the preliminary segmentation of foreign investors according to their similar preferences as to the evaluation of investment risk factors during the pandemic. Research was based on the results of a survey conducted among investors engaged in FDI in Poland with the assumption of two hypothetical scenarios of the development of the COVID-19 pandemic: optimistic and pessimistic. Based on the obtained results, it can be concluded that, irrespective of how the pandemic develops, divestment in services bears the greatest risk. The number of factors which are considered to be important determinants of foreign divestment increases along with the pessimistic scenario of the pandemic's development including, for example, cost factors and FDI in various economic sectors.
{"title":"Foreign divestment risk factors in Poland during the COVID-19 pandemic","authors":"M. Salamaga","doi":"10.15611/aoe.2022.1.04","DOIUrl":"https://doi.org/10.15611/aoe.2022.1.04","url":null,"abstract":"The article is aimed at putting in order factors decisive for the risk of foreign divestment in Poland during the COVID-19 pandemic. The research covered factors regarding market, cost, industry, law, and political factors that can be important for the assessment of the risk of divestment and was based on a conjoint analysis. Such an analysis allowed for estimating the partial utilities of the surveyed companies and the subsequent calculation of the importance level of variables which represent the determinants of divestment risk. In addition, estimated partial utilities enabled the preliminary segmentation of foreign investors according to their similar preferences as to the evaluation of investment risk factors during the pandemic. Research was based on the results of a survey conducted among investors engaged in FDI in Poland with the assumption of two hypothetical scenarios of the development of the COVID-19 pandemic: optimistic and pessimistic. Based on the obtained results, it can be concluded that, irrespective of how the pandemic develops, divestment in services bears the greatest risk. The number of factors which are considered to be important determinants of foreign divestment increases along with the pessimistic scenario of the pandemic's development including, for example, cost factors and FDI in various economic sectors.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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