ABSTRACT This editorial presents several recent contributions to the debate on strategies for sustainable growth, in relation to the experience of different European countries. It introduces this special issue, composed of a selection of articles presented during three workshops organized or supported by the International Network for Economic Research (INFER). The articles included in the special issue discuss the impact of technological innovation on firms’ productivity and employment, as well as the role agriculture plays in bioeconomy growth. They also highlight the importance of financial markets in the promotion of sustainable activities.
{"title":"New strategies for sustainable growth in European Economies","authors":"Cristina Badarau, Aneta Chodakowska, Kamilla Marchewka-Bartkowiak, Dimitrios Paparas","doi":"10.1080/00128775.2023.2173610","DOIUrl":"https://doi.org/10.1080/00128775.2023.2173610","url":null,"abstract":"ABSTRACT This editorial presents several recent contributions to the debate on strategies for sustainable growth, in relation to the experience of different European countries. It introduces this special issue, composed of a selection of articles presented during three workshops organized or supported by the International Network for Economic Research (INFER). The articles included in the special issue discuss the impact of technological innovation on firms’ productivity and employment, as well as the role agriculture plays in bioeconomy growth. They also highlight the importance of financial markets in the promotion of sustainable activities.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":"61 1","pages":"311 - 317"},"PeriodicalIF":1.1,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48609603","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 : 2023-01-30DOI: 10.1080/00128775.2022.2164510
A. Cieślik, J. Michałek, K. Szczygielski
ABSTRACT The distinction between direct and indirect exporting has been increasingly stressed in recent advances in the theory and empirics of international trade. In particular, the prior literature suggests a hierarchy of exporting decisions determined by firm productivity. We use firm-level data from a wide group of post-communist countries to investigate which characteristics of firms can explain their choice of export modes. We find that firm internationalization, firm size, and per worker revenue are linked to exporting decisions in a way consistent with Lu’s et al. model, while the relationship with innovation performance is more complex.
{"title":"Direct Versus Indirect Exports in Post-Communist Europe and Central Asia: The Role of Innovation Activities and Internationalization","authors":"A. Cieślik, J. Michałek, K. Szczygielski","doi":"10.1080/00128775.2022.2164510","DOIUrl":"https://doi.org/10.1080/00128775.2022.2164510","url":null,"abstract":"ABSTRACT The distinction between direct and indirect exporting has been increasingly stressed in recent advances in the theory and empirics of international trade. In particular, the prior literature suggests a hierarchy of exporting decisions determined by firm productivity. We use firm-level data from a wide group of post-communist countries to investigate which characteristics of firms can explain their choice of export modes. We find that firm internationalization, firm size, and per worker revenue are linked to exporting decisions in a way consistent with Lu’s et al. model, while the relationship with innovation performance is more complex.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46248961","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 : 2023-01-28DOI: 10.1080/00128775.2023.2167721
P. Martyshev, S. Prehn, O. Perekhozhuk, V. Vakhitov
ABSTRACT Economic theory states that currency devaluation reduces imports. However, tradability of inputs makes the effect ambiguous. This paper aims to test the hypothesis that, when the exchange rate pass-through is higher for input than for output prices in a given sector, the depreciation of the local currency can reduce profitability and output, leading to increased imports. We found partial confirmation of this hypothesis using a structural vector autoregression model for data from the Ukrainian pork sector for 2014 to 2020. Policymakers should consider that pork production is vulnerable to a weakening currency due to high dependence on exportable feed grains.
{"title":"The Effects of Domestic Currency Depreciation on Import Substitution: New Empirical Evidence from the Ukrainian Pork Industry","authors":"P. Martyshev, S. Prehn, O. Perekhozhuk, V. Vakhitov","doi":"10.1080/00128775.2023.2167721","DOIUrl":"https://doi.org/10.1080/00128775.2023.2167721","url":null,"abstract":"ABSTRACT Economic theory states that currency devaluation reduces imports. However, tradability of inputs makes the effect ambiguous. This paper aims to test the hypothesis that, when the exchange rate pass-through is higher for input than for output prices in a given sector, the depreciation of the local currency can reduce profitability and output, leading to increased imports. We found partial confirmation of this hypothesis using a structural vector autoregression model for data from the Ukrainian pork sector for 2014 to 2020. Policymakers should consider that pork production is vulnerable to a weakening currency due to high dependence on exportable feed grains.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48523322","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 : 2023-01-28DOI: 10.1080/00128775.2023.2169167
V. Hovhannisyan, V. Urutyan
ABSTRACT This study provides an empirical assessment of the impacts of Armenia’s accession to the Eurasian Economic Union on consumer welfare. Specifically, it combines primary individual-level expenditure survey data with the recent advances in consumer theory to examine the welfare consequences of rising prices of a broad range of widely consumed dairy products. The choice of the dairy category reflects its importance in the structure of the modern Armenian diet, with its respective nutritional and financial implications. Our findings shed light on the disproportionate effects of the EAEU-induced dairy price surge in Armenia and may prove useful in designing information-based alleviation policies.
{"title":"Consumer Welfare Consequences of Armenia’s EAEU Accession","authors":"V. Hovhannisyan, V. Urutyan","doi":"10.1080/00128775.2023.2169167","DOIUrl":"https://doi.org/10.1080/00128775.2023.2169167","url":null,"abstract":"ABSTRACT This study provides an empirical assessment of the impacts of Armenia’s accession to the Eurasian Economic Union on consumer welfare. Specifically, it combines primary individual-level expenditure survey data with the recent advances in consumer theory to examine the welfare consequences of rising prices of a broad range of widely consumed dairy products. The choice of the dairy category reflects its importance in the structure of the modern Armenian diet, with its respective nutritional and financial implications. Our findings shed light on the disproportionate effects of the EAEU-induced dairy price surge in Armenia and may prove useful in designing information-based alleviation policies.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":"61 1","pages":"270 - 289"},"PeriodicalIF":1.1,"publicationDate":"2023-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47790380","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 : 2023-01-27DOI: 10.1080/00128775.2023.2167722
Apostolos Vetsikas
ABSTRACT We employ the conceptual framework of “N-tuple helices” and devise a composite indicator, namely SFIGA (Society-Finance-Industry-Government-Academia), that aims at measuring the innovation performance of 24 OECD European countries from 2008 to 2017. We also investigate the effects of actors-helices on GDP per capita. The preliminary results from panel data regressions (OLS, quantile, and GMM) indicate their decisive economic importance as key actors of national innovation systems. However, the negative impact of academia on economic growth may explain a highly required resource allocation for basic research in the “knowledge economy” era. Its potential positive economic effects probably require time and patience.
{"title":"Assessing the Performance of National Innovation Systems with a Helix-Based Composite Indicator: Evidence from 24 European Countries","authors":"Apostolos Vetsikas","doi":"10.1080/00128775.2023.2167722","DOIUrl":"https://doi.org/10.1080/00128775.2023.2167722","url":null,"abstract":"ABSTRACT We employ the conceptual framework of “N-tuple helices” and devise a composite indicator, namely SFIGA (Society-Finance-Industry-Government-Academia), that aims at measuring the innovation performance of 24 OECD European countries from 2008 to 2017. We also investigate the effects of actors-helices on GDP per capita. The preliminary results from panel data regressions (OLS, quantile, and GMM) indicate their decisive economic importance as key actors of national innovation systems. However, the negative impact of academia on economic growth may explain a highly required resource allocation for basic research in the “knowledge economy” era. Its potential positive economic effects probably require time and patience.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44046568","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 : 2023-01-25DOI: 10.1080/00128775.2023.2169166
I. Mihuț, L. Pop, Dana-Lucia Tulai, Daniel Mican
ABSTRACT This article provides distinctive insights into the main antecedents of entrepreneurial intention (EI) during the COVID-19 pandemic, merging Ajzen’s version of the Theory of Planned Behavior with an adjusted version of Shapero & Sokol’s Entrepreneurial Event Model, as well as an extended EI model developed by Krueger. Using a sample of 402 university students and applying structural equation modeling, the results identified attitudes toward entrepreneurship, perceived desirability and feasibility, and perceived self and collective efficacy as key drivers of EI, while capturing the turbulent investigation period through its impact on exogenous determinants, mainly the university environment.
{"title":"Has the COVID-19 pandemic impacted the intentions of individuals for a business venture? An integrated structural model approach","authors":"I. Mihuț, L. Pop, Dana-Lucia Tulai, Daniel Mican","doi":"10.1080/00128775.2023.2169166","DOIUrl":"https://doi.org/10.1080/00128775.2023.2169166","url":null,"abstract":"ABSTRACT This article provides distinctive insights into the main antecedents of entrepreneurial intention (EI) during the COVID-19 pandemic, merging Ajzen’s version of the Theory of Planned Behavior with an adjusted version of Shapero & Sokol’s Entrepreneurial Event Model, as well as an extended EI model developed by Krueger. Using a sample of 402 university students and applying structural equation modeling, the results identified attitudes toward entrepreneurship, perceived desirability and feasibility, and perceived self and collective efficacy as key drivers of EI, while capturing the turbulent investigation period through its impact on exogenous determinants, mainly the university environment.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":"61 1","pages":"648 - 679"},"PeriodicalIF":1.1,"publicationDate":"2023-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48855856","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 : 2023-01-21DOI: 10.1080/00128775.2022.2164511
Dejan Kovačević
{"title":"How Automatic Adjustment Mechanism Works in Practice – A VECM Analysis of Monetary Transmission Mechanism in Bosnia and Herzegovina","authors":"Dejan Kovačević","doi":"10.1080/00128775.2022.2164511","DOIUrl":"https://doi.org/10.1080/00128775.2022.2164511","url":null,"abstract":"","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44513163","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 : 2023-01-18DOI: 10.1080/00128775.2023.2165948
S. Turdaliev, K. Janda
{"title":"Increasing Block Tariff Electricity Pricing and Propensity to Purchase Dirty Fuels: Empirical Evidence from a Natural Experiment","authors":"S. Turdaliev, K. Janda","doi":"10.1080/00128775.2023.2165948","DOIUrl":"https://doi.org/10.1080/00128775.2023.2165948","url":null,"abstract":"","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44617458","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 : 2023-01-09DOI: 10.1080/00128775.2022.2163905
K. Gokmenoglu, Aysel Amir
ABSTRACT This study investigates the drivers of the shadow economy within the Baltic region, emphasizing the role of financial development, a missing feature from the extant literature. To this end, we analyzed an annual dataset covering the 2009–2019 period for Estonia, Latvia, and Lithuania using panel ARDL and obtained Pooled Mean Group (PMG) estimates. Empirical findings indicate that a rise in the tax burden, further financial development, and institutional development results in the expansion of the shadow economy. However, the establishment of the rule of law and political stability contribute to the contraction of the shadow economy.
{"title":"Investigating the Determinants of the Shadow Economy: The Baltic Region","authors":"K. Gokmenoglu, Aysel Amir","doi":"10.1080/00128775.2022.2163905","DOIUrl":"https://doi.org/10.1080/00128775.2022.2163905","url":null,"abstract":"ABSTRACT This study investigates the drivers of the shadow economy within the Baltic region, emphasizing the role of financial development, a missing feature from the extant literature. To this end, we analyzed an annual dataset covering the 2009–2019 period for Estonia, Latvia, and Lithuania using panel ARDL and obtained Pooled Mean Group (PMG) estimates. Empirical findings indicate that a rise in the tax burden, further financial development, and institutional development results in the expansion of the shadow economy. However, the establishment of the rule of law and political stability contribute to the contraction of the shadow economy.","PeriodicalId":45883,"journal":{"name":"Eastern European Economics","volume":"61 1","pages":"181 - 198"},"PeriodicalIF":1.1,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45260281","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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