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The Impact of Local Governments’ Budget Transparency on Debt in Croatia 克罗地亚地方政府预算透明度对债务的影响
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-12-01 DOI: 10.2478/jeb-2023-0016
P. Mourão, Mihaela Bronić, B. Stanić
Abstract We investigate the impact of the budget transparency of local governments on debt using a panel data analysis of all 556 Croatian cities and municipalities over the 2014-2021 period. The analysis shows that increased budget transparency is associated with lower local government debt, i.e., budget transparency enables better public control of unnecessary debt. Additionally, regarding the legal regulation according to which higher own revenues enable higher borrowing, we examine the link between budget transparency and own revenues. The results show that local governments with higher budget transparency have higher own revenues, i.e., budget transparency can help local governments better control opportunistic borrowing and simultaneously increase their own revenues. Finally, we detect political budget cycles related to local government revenues and debt. This paper constitutes the first attempt to explore the effect of budget transparency on debt and own revenues in all local governments in one young democracy.
摘要:我们利用2014-2021年期间克罗地亚556个城市和直辖市的面板数据分析,调查了地方政府预算透明度对债务的影响。分析表明,预算透明度的提高与地方政府债务的降低有关,即预算透明度使公众能够更好地控制不必要的债务。此外,关于法律规定,根据更高的自有收入,更高的借贷,我们检查预算透明度和自有收入之间的联系。结果表明,预算透明度越高的地方政府自身收入越高,即预算透明度可以帮助地方政府更好地控制机会性借款,同时增加自身收入。最后,我们发现了与地方政府收入和债务相关的政治预算周期。本文首次尝试探讨预算透明度对一个年轻民主国家所有地方政府债务和自身收入的影响。
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引用次数: 0
Understanding Consumers’ Intention to Purchase GI Cheeses Based on the SEM-Logit Model 基于 SEM-Logit 模型了解消费者购买 GI 芝士的意向
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-12-01 DOI: 10.2478/jeb-2023-0020
Dubravka Užar, Jelena Filipović
Abstract This study aimed to investigate determinants of purchase cheeses with GIs in developing country and to analyze to what extent these factors affected individuals’ purchasing intention, because there is a growing interest in geographical indications of origin (GIs) as a tool for product differentiation. An extension of the theory of planned behavior (TPB) is used as the framework of the study. To get a deeper insight into the influence of unobserved exogenous latent variables on consumers’ intentions to purchase GI cheeses, SEM and Logit models were combined and the SEM-Logit integration model was constructed. The study supports extended model of TPB, which includes trust and loyalty, as a useful framework to understand the consumers’ intentions to buy the investigated product category. The results from SEM-Logit show that attitude, subjective norms, perceived behavioral control, trust, loyalty, education and monthly income have significant impacts on intention to purchase cheeses with GIs. The findings of this research provide important contribution for understanding GI cheeses’ consumption intention and behavior.
本研究旨在调查发展中国家使用地理标志购买奶酪的决定因素,并分析这些因素在多大程度上影响了个人的购买意愿,因为人们越来越关注地理标志作为产品差异化的工具。本研究以计划行为理论(TPB)的延伸作为研究框架。为了更深入地了解未观察到的外生潜在变量对消费者购买GI奶酪意愿的影响,我们将SEM模型与Logit模型相结合,构建SEM-Logit集成模型。本研究支持将信任和忠诚纳入TPB扩展模型,作为了解消费者购买被调查产品类别意图的有用框架。SEM-Logit结果显示,态度、主观规范、感知行为控制、信任、忠诚、教育程度和月收入对地理信息系统奶酪购买意愿有显著影响。本研究结果对理解GI奶酪的消费意向和行为有重要贡献。
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引用次数: 0
Linking Farmers’ Bargaining Power in Trade to their Plans for Future Economic Activities 将农民的贸易议价能力与其未来经济活动计划联系起来
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-12-01 DOI: 10.2478/jeb-2023-0026
I. Lushi, Gentjan Çera, Arif Murrja, Sead Ujkani
Abstract This paper aims to examine the relationship between the bargaining power of farmers in trade and their plans for future economic activity. While there is existing evidence shedding light on the factors influencing trading power and its consequences, there remains a compelling exigency for scientific substantiation clarifying the aforementioned nexus. A questionnaire was designed and utilized to collect primary data from farmers in Albania (with a sample size of 640). Factor analysis, reliability test and non-parametric statistical methods were used. Evidence was found in support of the aforesaid relationships. Hence, farmers who have plans for investments reflect a higher bargaining power in trading, as opposed to those without such plans. Moreover, interest in increasing farm activity is significantly associated with improved bargaining power in trade. This study enriches the literature, especially in the agribusiness field, by offering additional insights from a transition and developing country.
摘要本文旨在研究农民在贸易中的议价能力与其未来经济活动计划之间的关系。虽然已有证据阐明了影响贸易实力及其后果的因素,但仍然迫切需要科学证据来澄清上述关系。设计并使用了一份调查表,以收集阿尔巴尼亚农民的原始数据(样本量为640)。采用因子分析、信度检验和非参数统计方法。已找到证据支持上述关系。因此,与没有投资计划的农民相比,有投资计划的农民在交易中反映出更高的议价能力。此外,对增加农业活动的兴趣与提高贸易议价能力显著相关。本研究通过提供来自转型和发展中国家的额外见解,丰富了文献,特别是在农业综合企业领域。
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引用次数: 0
Consumer Segments in Blockchain Technology Adoption 区块链技术应用中的消费群体
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-12-01 DOI: 10.2478/jeb-2023-0025
A. Tanković, M. Prodan, Dragan Benazić
Abstract Recent research has highlighted the adoption of blockchain technology (BCT) and the increasing recognition of its multiple capabilities for users. The main objective of this paper is to delineate different consumer segments based on their BCT beliefs and attitudes. Using a survey method, 934 questionnaires were collected and subjected to hierarchical and K-Means cluster analysis and contingency analysis. The results reveal four identifiable user segments with respect to BCT adoption: Innovators (enthusiastic about BCT), Cautious (careful about BCT), Sceptics (doubtful about BCT), and Suspicious (very distrustful about BCT). These results provide valuable insights into understanding behavioral intentions and serve as a basis for future research.
最近的研究强调了区块链技术(BCT)的采用以及用户对其多种功能的日益认可。本文的主要目的是根据他们的BCT信念和态度来描绘不同的消费者群体。采用问卷调查法,收集问卷934份,进行层次聚类分析、K-Means聚类分析和权变分析。结果显示,在BCT采用方面,有四种可识别的用户群体:创新者(热衷于BCT)、谨慎者(对BCT持谨慎态度)、怀疑者(对BCT持怀疑态度)和怀疑者(对BCT非常不信任)。这些结果为理解行为意图提供了有价值的见解,并为未来的研究奠定了基础。
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引用次数: 0
Is Corruption the Driving Force of Migration from Croatia: Evidence from a Survey 腐败是克罗地亚移民的驱动力吗:一项调查的证据
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-06-01 DOI: 10.2478/jeb-2023-0001
Petar Kurecic, Filip Kokotović, Vesna Haluga
Abstract Migration of higher-educated individuals from Croatia is damaging the long-term perspective of the Croatian economy as lower levels of the participation rate in the Croatian economy may endanger the feasibility of the social, healthcare and pension systems. With Croatia’s accession to the EU, a wave of migration was facilitated as a result of easier access to foreign labour markets. The paper focuses on the causes of migration from Croatia given the relatively limited research devoted to this topic. While there is robust evidence of corruption being one of the main causes of migration globally, this paper questions this assertion specifically in the case of Croatia. The paper analyses information from a survey with a random sampling approach of 223 respondents from the Varaždin County. The data is analysed by implementing different logit regression models. The paper conceptualizes economic and political factors that may cause migration as different variables in order to conduct a robustness check. The main finding of the paper is that monetary causes and a belief that individuals could earn more income abroad are the primary motivator of migration from Croatia. This is contrary to much of the existing literature that identifies corruption as the driving force of migration. Knowing individuals who have migrated abroad also makes it more likely for an individual to migrate from Croatia. While the paper found a significant degree of lacking faith in public institutions, this was common to participants regardless of whether or not they considered migrating from Croatia. As such, the paper considers monetary conditions rather than corruption to be the key driving force behind migration from Croatia.
摘要来自克罗地亚的受过高等教育的个人的移民正在损害克罗地亚经济的长期前景,因为克罗地亚经济中较低的参与率可能会危及社会、医疗保健和养老金制度的可行性。随着克罗地亚加入欧盟,由于更容易进入外国劳动力市场,移民潮得到了推动。鉴于对克罗地亚移民问题的研究相对有限,本文侧重于克罗地亚移民的原因。尽管有强有力的证据表明腐败是全球移民的主要原因之一,但本文对克罗地亚的这一说法提出了质疑。本文采用随机抽样的方法分析了一项调查中的信息,该调查共有来自瓦拉日丁县的223名受访者。通过实施不同的logit回归模型对数据进行分析。本文将可能导致移民的经济和政治因素概念化为不同的变量,以便进行稳健性检验。该论文的主要发现是,货币原因和个人可以在国外赚取更多收入的信念是克罗地亚移民的主要动机。这与许多现有文献相反,这些文献认为腐败是移民的驱动力。了解移居国外的个人也会使个人更有可能从克罗地亚移民。虽然该论文发现,人们在很大程度上对公共机构缺乏信心,但无论参与者是否考虑从克罗地亚移民,这种情况都很常见。因此,该文件认为,货币条件而非腐败是克罗地亚移民的关键驱动力。
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引用次数: 0
The Extent Individuals Are Willing to Undertake Energy Efficiency Measures: Evidence from Bosnia and Herzegovina 个人愿意采取节能措施的程度:来自波斯尼亚和黑塞哥维那的证据
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-06-01 DOI: 10.2478/jeb-2023-0006
Ljiljan Veselinović, Jasmina Mangafic, Danijela Martinović
Abstract This paper studies the extent individuals are willing to undertake energy efficiency measures, with evidence coming from a developing country (Bosnia and Herzegovina). The goal of this paper is to analyze energy-savings behaviors, aiming to understand what is typically meant under the term energy efficiency, who is more likely to know the meaning, and the extent individuals are willing to undertake some energy efficiency measures. The sample size used in this paper is a random stratified sample of 1,415 individuals coming from various backgrounds. Our logistic regression models found no statistically significant predictor across all ten measures used in the study. However, past experience, age, and being married are relatively common across these ten energy-saving behaviors. These results might be beneficial in defining policies in order to promote energy-saving behaviors.
摘要本文研究了个人愿意采取能效措施的程度,证据来自一个发展中国家(波斯尼亚和黑塞哥维那)。本文的目的是分析节能行为,旨在了解能效一词的典型含义,谁更有可能知道其含义,以及个人愿意采取一些能效措施的程度。本文使用的样本量是来自不同背景的1415人的随机分层样本。我们的逻辑回归模型在研究中使用的所有十项指标中都没有发现具有统计学意义的预测因子。然而,在这十种节能行为中,过去的经历、年龄和结婚相对常见。这些结果可能有利于制定促进节能行为的政策。
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引用次数: 0
Modelling National Economic System: A Case of the Croatian Economy 国民经济系统建模:以克罗地亚经济为例
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-06-01 DOI: 10.2478/jeb-2023-0009
S. Sovilj, Marina Tkalec, Dominik Pripužić, Z. Kostanjčar
Abstract In this study we evaluate a national economic model using a system dynamics approach. We use a set of macroeconomic data for a transition economy to validate the model behaviour in the past, and then simulate the alternative paths of key macroeconomic variables. Instead of studying only a fraction of the economy, or using simple and abstract models, we build a large-scale national economic model. As the study is based on system dynamics information feedback, it provides additional insights about the macroeconomic effects of the economic policy, making it a valuable tool for economic policy analysis. Such insights are instrumental for understanding the total effects of economic policies and their full economic consequences. To demonstrate this, we have simulated one actual economic policy intervention and its alternative scenario.
在本研究中,我们使用系统动力学方法来评估一个国家经济模型。我们使用一组转型经济的宏观经济数据来验证模型在过去的行为,然后模拟关键宏观经济变量的替代路径。我们不是只研究经济的一小部分,也不是使用简单抽象的模型,而是建立一个大规模的国民经济模型。由于该研究基于系统动力学信息反馈,它提供了关于经济政策宏观经济效应的额外见解,使其成为经济政策分析的宝贵工具。这些见解有助于理解经济政策的总体效果及其全部经济后果。为了证明这一点,我们模拟了一种实际的经济政策干预及其替代方案。
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引用次数: 0
The Distributional Impact of Social Spending on In-Kind and Cash Child Transfers in Croatia 克罗地亚社会支出对实物和现金儿童转移的分配影响
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-06-01 DOI: 10.2478/jeb-2023-0011
M. Pezer, Nora Mustać, Chrysa Leventi
Abstract Social spending in Croatia is mainly based on social protection, public healthcare and education policies. There are two forms of investing in children through the social spending provided by central and local governments: cash and in-kind transfers. This paper describes the impacts of such social spending on households with children in Croatia and its capital, Zagreb. Making use of a microsimulation model, the income distribution of cash and in-kind transfers and their impacts on poverty and inequality are assessed. Compared to cash transfers, in-kind transfers, including local government subsidies, are relatively evenly distributed, income independent, and thus roughly equally important for the entire population. Their value greatly exceeds that of monetary transfers. Results demonstrate the progressive effect of transfers in kind on income distribution by reducing income inequality and poverty. This research seeks to emphasise the importance of using augmented income in the analysis of income inequality and poverty, instead of solely monetary disposable income.
摘要克罗地亚的社会支出主要基于社会保护、公共医疗和教育政策。通过中央和地方政府提供的社会支出对儿童进行投资有两种形式:现金和实物转移。本文描述了这种社会支出对克罗地亚及其首都萨格勒布有孩子的家庭的影响。利用微观模拟模型,评估了现金和实物转移的收入分配及其对贫困和不平等的影响。与现金转移相比,实物转移,包括地方政府补贴,分布相对均匀,收入独立,因此对全体人口的重要性大致相同。它们的价值大大超过了货币转移。结果表明,实物转移通过减少收入不平等和贫困,对收入分配产生了渐进效应。这项研究试图强调在分析收入不平等和贫困时使用增加收入的重要性,而不仅仅是货币可支配收入。
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引用次数: 0
Determinants of Firm-Level Growth: Lessons from the Czech Republic, Hungary, and Poland 企业级增长的决定因素:捷克共和国、匈牙利和波兰的经验教训
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-06-01 DOI: 10.2478/jeb-2023-0004
Mihye Lee
Abstract This paper examines the determinants of firm-level growth based on three eastern European countries – the Czech Republic, Hungary, and Poland. We investigate whether there exist common firm-level characteristics that play a significant role in determining firm-level performance across the three countries, and whether development in financial markets can facilitate the growth of individual firms, particularly for firms that require external financing (borrowing). Our empirical analysis shows that in the case of Poland, firm-level characteristics, such as firm age and firm size, turn out to be significant, and that the role of these factors on the sales growth of firms is quite consistent with the findings in the existing literature. The same firm-level characteristics do not appear to be significant in the cases of Czechia and Hungary, which suggests that these factors play a different role in the firm-level growth of these countries. However, a firm’s access to external financing matters for the determining the firm’s growth and its development of financial markets, which enables the firm to have easier access to external sources of financing, thereby especially facilitating the growth of the individual firm that might need external funds. Our findings provide additional empirical evidence on the existing literature that emphasizes the positive impact of financial development on the individual firms’ growth based on a cross-country analysis.
摘要本文以捷克共和国、匈牙利和波兰这三个东欧国家为研究对象,考察了企业水平增长的决定因素。我们调查了是否存在共同的企业层面特征,这些特征在决定这三个国家的企业层面绩效方面发挥着重要作用,以及金融市场的发展是否可以促进单个企业的发展,特别是对于需要外部融资(借款)的企业。我们的实证分析表明,在波兰的情况下,企业层面的特征,如企业年龄和企业规模,是显著的,这些因素对企业销售增长的作用与现有文献中的发现非常一致。在捷克和匈牙利的情况下,相同的企业层面特征似乎并不显著,这表明这些因素在这些国家的企业层面增长中发挥着不同的作用。然而,企业获得外部融资的途径对于决定企业的成长和金融市场的发展至关重要,这使企业能够更容易地获得外部融资来源,从而特别有助于可能需要外部资金的单个企业的成长。我们的研究结果为现有文献提供了额外的实证证据,这些文献强调了基于跨国分析的金融发展对单个企业增长的积极影响。
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引用次数: 0
Measuring the Natural Interest Rate for the Macedonian Economy: A Multi-Model Approach 衡量马其顿经济的自然利率:一个多模型方法
IF 1 Q2 Economics, Econometrics and Finance Pub Date : 2023-06-01 DOI: 10.2478/jeb-2023-0012
Mite Miteski, M. Petrovska, Artan Sulejmani
Abstract This paper identifies the natural interest rate for the Macedonian economy using quarterly data for 2001Q4-2019Q3. To this end, the estimation is made by using different types of models, such as the Holston, Laubach, and Williams model and the full-fledged country-specific structural MAKPAM model. The empirical results show that the natural rate of interest in the Macedonian economy has declined over time, which is similar to the findings for other countries. The decomposition of the natural rate suggests that the main driver for the decline is the slowdown of the Macedonian potential GDP growth in the period after the global economic crisis, although there are signs of its recovery at the end of the sample period. In addition, the results indicate that the monetary policy conditions in the Macedonian economy have been broadly accommodative from 2011Q4 onwards. The substantive conclusions are unchanged across the multiple models used in this study.
摘要本文利用2001年第4季度至2019年第3季度的季度数据确定了马其顿经济的自然利率。为此,通过使用不同类型的模型进行估计,如Holston、Laubach和Williams模型以及成熟的国家特定结构MAKPAM模型。实证结果表明,马其顿经济的自然利率随着时间的推移而下降,这与其他国家的调查结果相似。自然增长率的分解表明,下降的主要驱动力是全球经济危机后马其顿潜在GDP增长放缓,尽管在样本期结束时有复苏的迹象。此外,研究结果表明,自2011年第四季度以来,马其顿经济的货币政策条件总体上是宽松的。在本研究中使用的多个模型中,实质性结论没有变化。
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引用次数: 0
期刊
South East European Journal of Economics and Business
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