Pub Date : 2023-09-29DOI: 10.1080/00128775.2023.2254744
Matěj Bělín, Marcela Veselkova
ABSTRACTThis paper evaluates the impact of the Slovak job retention scheme introduced in 2020 on dismissals and survival of small firms during the COVID-19 pandemic. We exploit exogenous variation in epidemic intensity, measured as new COVID-19 cases within a district per month. We show that the sensitivity of dismissals to the intensifying epidemic among unsupported firms was low, i.e. these firms were relatively unaffected by the shock. In contrast, participation in the job retention scheme reduced the sensitivity of firm dismissals to the intensification of the epidemic, preserving endangered jobs. Supported firms benefited by roughly the same amount, regardless of their management quality.KEYWORDS: Employmentfirm failurejob retention schemeJEL CLASSIFICATION: G33 Bankruptcy • LiquidationH12 Crisis ManagementJ08 Labor Economics PoliciesJ63 Turnover • Vacancies • Layoffs Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationNotes on contributorsMatěj BělínMatěj Bělín is a PhD Candidate at The Center for Economic Research and Graduate Education – Economics Institute (CERGE-EI), joint workplace of the Charles University and Academy of Sciences of the Czech Republic. He works as an analyst at the Social Policy Institute, Ministry of Labour, Social Affairs and Family of the Slovak Republic.Marcela VeselkovaMarcela Veselkova is the head of the Department of Sectoral Strategies and Concepts, Social Policy Institute, Ministry of Labour, Social Affairs and Family of the Slovak Republic. She holds a PhD in Political Science from the Central European University.
{"title":"The Job Retention Scheme in Slovakia: Impact on Dismissals and Firm Survival in the COVID-19 Pandemic","authors":"Matěj Bělín, Marcela Veselkova","doi":"10.1080/00128775.2023.2254744","DOIUrl":"https://doi.org/10.1080/00128775.2023.2254744","url":null,"abstract":"ABSTRACTThis paper evaluates the impact of the Slovak job retention scheme introduced in 2020 on dismissals and survival of small firms during the COVID-19 pandemic. We exploit exogenous variation in epidemic intensity, measured as new COVID-19 cases within a district per month. We show that the sensitivity of dismissals to the intensifying epidemic among unsupported firms was low, i.e. these firms were relatively unaffected by the shock. In contrast, participation in the job retention scheme reduced the sensitivity of firm dismissals to the intensification of the epidemic, preserving endangered jobs. Supported firms benefited by roughly the same amount, regardless of their management quality.KEYWORDS: Employmentfirm failurejob retention schemeJEL CLASSIFICATION: G33 Bankruptcy • LiquidationH12 Crisis ManagementJ08 Labor Economics PoliciesJ63 Turnover • Vacancies • Layoffs Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationNotes on contributorsMatěj BělínMatěj Bělín is a PhD Candidate at The Center for Economic Research and Graduate Education – Economics Institute (CERGE-EI), joint workplace of the Charles University and Academy of Sciences of the Czech Republic. He works as an analyst at the Social Policy Institute, Ministry of Labour, Social Affairs and Family of the Slovak Republic.Marcela VeselkovaMarcela Veselkova is the head of the Department of Sectoral Strategies and Concepts, Social Policy Institute, Ministry of Labour, Social Affairs and Family of the Slovak Republic. She holds a PhD in Political Science from the Central European University.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135199283","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 : 2023-09-07DOI: 10.1080/00128775.2023.2253226
Resul Aydemir, Zehra Atik, B. Guloglu
{"title":"Macro Stress Testing the Credit Risk of Conventional and Participation Banks in Turkey: A Nonparametric Quantile Regression Approach","authors":"Resul Aydemir, Zehra Atik, B. Guloglu","doi":"10.1080/00128775.2023.2253226","DOIUrl":"https://doi.org/10.1080/00128775.2023.2253226","url":null,"abstract":"","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48018957","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 : 2023-09-06DOI: 10.1080/00128775.2023.2253218
Alexi Thompson
{"title":"Euro Switch and Shadow Economies","authors":"Alexi Thompson","doi":"10.1080/00128775.2023.2253218","DOIUrl":"https://doi.org/10.1080/00128775.2023.2253218","url":null,"abstract":"","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45969428","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 : 2023-09-05DOI: 10.1080/00128775.2023.2253217
Ozgur Teoman, Oguzhan Dincer, Tarkan Cavusoglu
In this study, we investigate the relationship between corruption and total factor productivity (TFP) in Turkey. Our study contributes to the literature in several ways in terms of data, empirical specification, and method. First, we use a new and novel index of corruption for Turkey between the years 1950 and 2014. Second, we estimate the long-run cointegrating relationship between corruption and TFP in Turkey. Finally, we not only investigate how corruption affects TFP, but also if this effect is conditional on government size. We find that corruption decreases TFP in the long-run and its adverse effects on TFP increases with government size.
{"title":"Corruption and Total Factor Productivity in the Long-Run: Evidence from Post-WW2 Turkey","authors":"Ozgur Teoman, Oguzhan Dincer, Tarkan Cavusoglu","doi":"10.1080/00128775.2023.2253217","DOIUrl":"https://doi.org/10.1080/00128775.2023.2253217","url":null,"abstract":"In this study, we investigate the relationship between corruption and total factor productivity (TFP) in Turkey. Our study contributes to the literature in several ways in terms of data, empirical specification, and method. First, we use a new and novel index of corruption for Turkey between the years 1950 and 2014. Second, we estimate the long-run cointegrating relationship between corruption and TFP in Turkey. Finally, we not only investigate how corruption affects TFP, but also if this effect is conditional on government size. We find that corruption decreases TFP in the long-run and its adverse effects on TFP increases with government size.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135254854","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 : 2023-06-29DOI: 10.1080/00128775.2023.2225484
I. Robu, George Aevoae, D. Mardiros, I. Herghiligiu
{"title":"Mergers & Acquisition Decisions in the Energy Sector Based on Financial Transparency and Audit Opinions","authors":"I. Robu, George Aevoae, D. Mardiros, I. Herghiligiu","doi":"10.1080/00128775.2023.2225484","DOIUrl":"https://doi.org/10.1080/00128775.2023.2225484","url":null,"abstract":"","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46239963","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 : 2023-06-20DOI: 10.1080/00128775.2023.2225494
Merita Zulfiu Alili, Russell King, Memet Memeti
{"title":"The Migration Intentions of University Staff in North Macedonia: A Potential Brain Drain?","authors":"Merita Zulfiu Alili, Russell King, Memet Memeti","doi":"10.1080/00128775.2023.2225494","DOIUrl":"https://doi.org/10.1080/00128775.2023.2225494","url":null,"abstract":"","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42265265","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 : 2023-06-20DOI: 10.1080/00128775.2023.2226657
P. Gajewski, Ali M. Kutan
ABSTRACT This paper investigates how the COVID-19 pandemic and resulting government support affected the financial performance of Polish firms at the aggregate, regional, and sectoral levels. The results of our dynamic econometric model showed that firm performance at the aggregate level declined in 2020Q1 but recovered in 2021Q1. The pandemic negatively affected western firms but not eastern ones. Manufacturing and transport & logistics firms suffered temporarily in early 2020 but recovered in 2021Q1. Construction and trade & repair firms remained resilient. Overall, the pandemic and government support affected the sectors and regions differently, with varied policy implications.
{"title":"COVID-19 Pandemic and Enterprise Financial Performance: Aggregate, Regional, and Sectoral Evidence from Poland","authors":"P. Gajewski, Ali M. Kutan","doi":"10.1080/00128775.2023.2226657","DOIUrl":"https://doi.org/10.1080/00128775.2023.2226657","url":null,"abstract":"ABSTRACT This paper investigates how the COVID-19 pandemic and resulting government support affected the financial performance of Polish firms at the aggregate, regional, and sectoral levels. The results of our dynamic econometric model showed that firm performance at the aggregate level declined in 2020Q1 but recovered in 2021Q1. The pandemic negatively affected western firms but not eastern ones. Manufacturing and transport & logistics firms suffered temporarily in early 2020 but recovered in 2021Q1. Construction and trade & repair firms remained resilient. Overall, the pandemic and government support affected the sectors and regions differently, with varied policy implications.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":"61 1","pages":"491 - 516"},"PeriodicalIF":1.1,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45763141","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 : 2023-06-18DOI: 10.1080/00128775.2023.2225500
D. Sahlian, A. Popa, V. Banţa, C. Răpan, Silviu Cornel Virgil Chiriac
{"title":"The Value Relevance of Financial Performance and ESG Scores During Tumultuous Economic Periods","authors":"D. Sahlian, A. Popa, V. Banţa, C. Răpan, Silviu Cornel Virgil Chiriac","doi":"10.1080/00128775.2023.2225500","DOIUrl":"https://doi.org/10.1080/00128775.2023.2225500","url":null,"abstract":"","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42600636","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 : 2023-06-16DOI: 10.1080/00128775.2023.2219243
G. Nikolić, I. Nikolić
{"title":"Can Structural Indicators of Trade Explain Why EU Candidate Countries Are Integrating Slowly?","authors":"G. Nikolić, I. Nikolić","doi":"10.1080/00128775.2023.2219243","DOIUrl":"https://doi.org/10.1080/00128775.2023.2219243","url":null,"abstract":"","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46930787","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 : 2023-06-13DOI: 10.1080/00128775.2023.2221231
A. A. García, Michael Christl
ABSTRACT This paper evaluates two hypothetical budget-neutral reforms that shift resources from family tax expenditures to family cash transfers. We evaluate these reforms using a structural labor supply model based on the microsimulation EUROMOD model and EU-SILC data. We find that both reforms have an inequality-decreasing impact. However, when looking at labor supply responses for different household types, we show that the reforms have a non-negligible impact, especially for females in couple households. Additionally, we show that females in the middle of the income distribution in particular reduce labor supply in response to the reforms.
{"title":"Hypothetical Tax-Benefit Reforms in Hungary: Shifting from Tax Relief to Cash Transfers for Family Support","authors":"A. A. García, Michael Christl","doi":"10.1080/00128775.2023.2221231","DOIUrl":"https://doi.org/10.1080/00128775.2023.2221231","url":null,"abstract":"ABSTRACT This paper evaluates two hypothetical budget-neutral reforms that shift resources from family tax expenditures to family cash transfers. We evaluate these reforms using a structural labor supply model based on the microsimulation EUROMOD model and EU-SILC data. We find that both reforms have an inequality-decreasing impact. However, when looking at labor supply responses for different household types, we show that the reforms have a non-negligible impact, especially for females in couple households. Additionally, we show that females in the middle of the income distribution in particular reduce labor supply in response to the reforms.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":"61 1","pages":"723 - 746"},"PeriodicalIF":1.1,"publicationDate":"2023-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44572523","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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