Pub Date : 2023-03-13DOI: 10.1080/14631377.2023.2188687
Helery Tasane, Gaygysyz Ashyrov, Sopheak Srun
ABSTRACT We investigate the association between research and development (R&D) engagement by small and medium enterprises (SMEs) and the institutional environment in Laos. We employed multivariate imputation by chained equations and full Bayesian inference to analyse data from the 2016 and 2018 World Bank Enterprise Surveys for Laos. Our findings show that Lao SMEs that engage in R&D are likely to experience more frequent tax inspections and more solicitation of bribes by government authorities, than Lao SMEs that do not engage in R&D. Firms that perceive political uncertainty as an obstacle to doing business are 28% less likely to engage in R&D activities. These findings raise concerns about the effectiveness of institutions in supporting intellectual property rights in Laos, and have policy implications for promoting productivity of small and medium-sized firms.
{"title":"Institutions and R&D engagement of SMEs in Laos","authors":"Helery Tasane, Gaygysyz Ashyrov, Sopheak Srun","doi":"10.1080/14631377.2023.2188687","DOIUrl":"https://doi.org/10.1080/14631377.2023.2188687","url":null,"abstract":"ABSTRACT We investigate the association between research and development (R&D) engagement by small and medium enterprises (SMEs) and the institutional environment in Laos. We employed multivariate imputation by chained equations and full Bayesian inference to analyse data from the 2016 and 2018 World Bank Enterprise Surveys for Laos. Our findings show that Lao SMEs that engage in R&D are likely to experience more frequent tax inspections and more solicitation of bribes by government authorities, than Lao SMEs that do not engage in R&D. Firms that perceive political uncertainty as an obstacle to doing business are 28% less likely to engage in R&D activities. These findings raise concerns about the effectiveness of institutions in supporting intellectual property rights in Laos, and have policy implications for promoting productivity of small and medium-sized firms.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45451622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-13DOI: 10.1080/14631377.2023.2188684
Dongwei Su, Shulin Xu, Zhen Yang
ABSTRACT This study draws insights from the New Stakeholder Theory to investigate the influence of green credit policy on firm diversification. Using a sample of publicly listed firms in China from 2006 to 2018, we find that green credit policy has increased the degree of corporate diversification for heavily polluting firms. In addition, the positive impact of green credit policy on industrial diversity is more significant for heavily polluting firms which are state-owned, bigger in size, with institutional ownership of shares and located in provinces with higher level of marketisation. Moreover, financial constraint is an important mediating variable for green credit policy to influence corporate diversification. An important implication of our study is that corporate diversification can be a strategic choice made by heavily polluting firms to overcome financial constraints as a result of the green credit policy. In fact, greater corporate diversity can ensure the survival of polluting firms by allowing them to operate in industries with less environmental regulations.
{"title":"Green credit policy and corporate diversification: evidence from China","authors":"Dongwei Su, Shulin Xu, Zhen Yang","doi":"10.1080/14631377.2023.2188684","DOIUrl":"https://doi.org/10.1080/14631377.2023.2188684","url":null,"abstract":"ABSTRACT This study draws insights from the New Stakeholder Theory to investigate the influence of green credit policy on firm diversification. Using a sample of publicly listed firms in China from 2006 to 2018, we find that green credit policy has increased the degree of corporate diversification for heavily polluting firms. In addition, the positive impact of green credit policy on industrial diversity is more significant for heavily polluting firms which are state-owned, bigger in size, with institutional ownership of shares and located in provinces with higher level of marketisation. Moreover, financial constraint is an important mediating variable for green credit policy to influence corporate diversification. An important implication of our study is that corporate diversification can be a strategic choice made by heavily polluting firms to overcome financial constraints as a result of the green credit policy. In fact, greater corporate diversity can ensure the survival of polluting firms by allowing them to operate in industries with less environmental regulations.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47721531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-26DOI: 10.1080/14631377.2023.2169517
Huai Ma, Chenkai Niu, W. Li
ABSTRACT This study aims to explore bilateral interactions of social and economic pillars of sustainability in China to reveal if they are synergistic or trade-off. To this end, this research uses the bootstrap method for panel data and an Ordinary Quantile Regression model to estimate the effects of social capital proxies including political identity, family relationship network and trust on economic condition proxy, household income, in different quantiles of Chinese households. This study uses data based on microsurvey data from the China Family Tracking Survey (CFPS) conducted by the China Social Science Research Center of Peking University in 2014, 2016 and 2018. The results show that social capital positively affects economic status implying the synergistic impact of social development on economic pillars of sustainable development. Moreover, further examination reveals that the resulted improvement in economic status is distributed equally among different quantiles of Chinese households. This result implies that the reflective effect of economic development on social pillar is synergistic. Overall, these findings accept the synergistic interactions between social and economic pillars of sustainability which is consistent with the integrated sustainability perspective. These findings suggest that policymakers in both the social and economic sectors to consider the consequences of their own plans and strategies for the other sectors.
{"title":"Social and economic development from an integrated sustainability perspective: analysing the interaction of social capital, income level, and income inequality in China","authors":"Huai Ma, Chenkai Niu, W. Li","doi":"10.1080/14631377.2023.2169517","DOIUrl":"https://doi.org/10.1080/14631377.2023.2169517","url":null,"abstract":"ABSTRACT This study aims to explore bilateral interactions of social and economic pillars of sustainability in China to reveal if they are synergistic or trade-off. To this end, this research uses the bootstrap method for panel data and an Ordinary Quantile Regression model to estimate the effects of social capital proxies including political identity, family relationship network and trust on economic condition proxy, household income, in different quantiles of Chinese households. This study uses data based on microsurvey data from the China Family Tracking Survey (CFPS) conducted by the China Social Science Research Center of Peking University in 2014, 2016 and 2018. The results show that social capital positively affects economic status implying the synergistic impact of social development on economic pillars of sustainable development. Moreover, further examination reveals that the resulted improvement in economic status is distributed equally among different quantiles of Chinese households. This result implies that the reflective effect of economic development on social pillar is synergistic. Overall, these findings accept the synergistic interactions between social and economic pillars of sustainability which is consistent with the integrated sustainability perspective. These findings suggest that policymakers in both the social and economic sectors to consider the consequences of their own plans and strategies for the other sectors.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45991944","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-26DOI: 10.1080/14631377.2023.2171179
A. Szalavetz, Magdolna Sass
ABSTRACT This article explores the transition of integrated periphery countries to a semi-periphery status. It sets out to refine the broad category of ‘semi-periphery’, distinguishing between upper and lower-order semi-periphery. It shows that compared to established members of the automotive semi-periphery, newcomers are often poorly equipped to thrive in the new competitive environment. Since it takes decades of organic accumulation to develop competitive assets that provide resilience, newcomers that used to thrive in the competitive environment of the integrated periphery often turn out to be the weakest members in the semi-periphery. Based on expert interviews, the article illustrates the theoretical arguments comparing the evolutionary trajectories of the Austrian and Hungarian automotive industries. We show that Austria, exemplifying the case of within-category upgrading (within the upper semi-periphery), can leverage its strong innovation potential, dense network of capable domestic-owned suppliers, tradition of cluster-based and industry – university collaboration, and developed market for technology. In contrast, the between-category transition of Hungary was propelled by the rising wage-level, while other indicators would not qualify it for the club of semi-periphery countries. Evolutionary trajectories in the lower-order semi-periphery can easily be derailed if industrial policy gets stuck in its – previously highly effective – integrated-periphery role.
{"title":"Disentangling the semi-periphery: evolutionary trajectories and perspectives of the Austrian and Hungarian automotive industries","authors":"A. Szalavetz, Magdolna Sass","doi":"10.1080/14631377.2023.2171179","DOIUrl":"https://doi.org/10.1080/14631377.2023.2171179","url":null,"abstract":"ABSTRACT This article explores the transition of integrated periphery countries to a semi-periphery status. It sets out to refine the broad category of ‘semi-periphery’, distinguishing between upper and lower-order semi-periphery. It shows that compared to established members of the automotive semi-periphery, newcomers are often poorly equipped to thrive in the new competitive environment. Since it takes decades of organic accumulation to develop competitive assets that provide resilience, newcomers that used to thrive in the competitive environment of the integrated periphery often turn out to be the weakest members in the semi-periphery. Based on expert interviews, the article illustrates the theoretical arguments comparing the evolutionary trajectories of the Austrian and Hungarian automotive industries. We show that Austria, exemplifying the case of within-category upgrading (within the upper semi-periphery), can leverage its strong innovation potential, dense network of capable domestic-owned suppliers, tradition of cluster-based and industry – university collaboration, and developed market for technology. In contrast, the between-category transition of Hungary was propelled by the rising wage-level, while other indicators would not qualify it for the club of semi-periphery countries. Evolutionary trajectories in the lower-order semi-periphery can easily be derailed if industrial policy gets stuck in its – previously highly effective – integrated-periphery role.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41711052","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-21DOI: 10.1080/14631377.2023.2174923
Daniel Kolar
ABSTRACT Distributional information can shed new light on societies and their well-being, now and in the past. This article constructs historical wealth inequality statistics for Budweis, a large town in South Bohemia. Utilised data sources include rare detailed local tax censuses from 1416 and 1523 and a national tax register from 1654, as reported in the literature, further adjusted for the lowest social groups and processed to create social tables. If the underlying data are accurate, the wealth inequality Gini coefficient in 1416 was between 0.739 and 0.777. The estimated wealth share of the top 1% was 22.6% in 1416 and 14.2% in 1523, which is notably less than in the pre-industrial UK or France, as well as in the present-day Czech Republic. The findings support the notion of an egalitarian rather than individualistic pre-industrial Bohemian society.
{"title":"Inequality in pre-industrial Bohemia: The city of Budweis","authors":"Daniel Kolar","doi":"10.1080/14631377.2023.2174923","DOIUrl":"https://doi.org/10.1080/14631377.2023.2174923","url":null,"abstract":"ABSTRACT Distributional information can shed new light on societies and their well-being, now and in the past. This article constructs historical wealth inequality statistics for Budweis, a large town in South Bohemia. Utilised data sources include rare detailed local tax censuses from 1416 and 1523 and a national tax register from 1654, as reported in the literature, further adjusted for the lowest social groups and processed to create social tables. If the underlying data are accurate, the wealth inequality Gini coefficient in 1416 was between 0.739 and 0.777. The estimated wealth share of the top 1% was 22.6% in 1416 and 14.2% in 1523, which is notably less than in the pre-industrial UK or France, as well as in the present-day Czech Republic. The findings support the notion of an egalitarian rather than individualistic pre-industrial Bohemian society.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48915470","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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: 10.1080/14631377.2023.2169516
Dongwei Su, Shulin Xu, Zefeng Tong
ABSTRACT Using data for firms publicly listed in China A-share markets during 2008 and 2019, this study is one of the first to treat Green Credit Guidelines implemented by the government in 2012 as a quasi-natural experiment and construct a difference-in-differences (DID) model to empirically examine the impact of credit availability on corporate risk-taking. Our study finds that credit restrictions on heavily polluting firms reduce their risk-taking behaviour, and the impact is more pronounced on small firms, non-state-owned enterprises, firms without institutional investors or firms located in low marketisation regions. In addition, our study demonstrates that credit restrictions increase financing constraints and reduce investment levels, which leads to less corporate risk-taking. Furthermore, our research shows that credit restrictions increase the cost of debt and reduce investment value and development capacity for firms in energy intensive and high pollution industries. An important implication is that to effectively curb the expansion of heavily polluting industries and promote environmental transformation, green credit policies should target small firms, firms with less state and institutional ownership as well as firms located in regions with poorer institutional reform.
{"title":"Credit availability and corporate risk-taking: evidence from China’s green credit policy","authors":"Dongwei Su, Shulin Xu, Zefeng Tong","doi":"10.1080/14631377.2023.2169516","DOIUrl":"https://doi.org/10.1080/14631377.2023.2169516","url":null,"abstract":"ABSTRACT Using data for firms publicly listed in China A-share markets during 2008 and 2019, this study is one of the first to treat Green Credit Guidelines implemented by the government in 2012 as a quasi-natural experiment and construct a difference-in-differences (DID) model to empirically examine the impact of credit availability on corporate risk-taking. Our study finds that credit restrictions on heavily polluting firms reduce their risk-taking behaviour, and the impact is more pronounced on small firms, non-state-owned enterprises, firms without institutional investors or firms located in low marketisation regions. In addition, our study demonstrates that credit restrictions increase financing constraints and reduce investment levels, which leads to less corporate risk-taking. Furthermore, our research shows that credit restrictions increase the cost of debt and reduce investment value and development capacity for firms in energy intensive and high pollution industries. An important implication is that to effectively curb the expansion of heavily polluting industries and promote environmental transformation, green credit policies should target small firms, firms with less state and institutional ownership as well as firms located in regions with poorer institutional reform.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45944226","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-24DOI: 10.1080/14631377.2023.2169520
V. Bucevska, Aleksandar Naumoski
ABSTRACT South-East European countries rely heavily on remittances and FDI as external sources of financing. Hence, an investigation of the behaviour of remittances and FDI during the business cycle and their impact on economic growth is of crucial importance. To achieve this objective, we first analyse the cyclical nature of remittances and FDI flows in Albania, Bosnia and Herzegovina, Croatia, Montenegro, the Republic of North Macedonia, and Serbia (SEE6) during their business cycles in the 2008q1-2021q2 period. Second, we investigate the causal link among these variables, and find out that although at the aggregate level remittances and FDI move synchronously and in the same direction as the business cycle, there are considerable variations across countries. Following Dumitrescu-Hurlin Panel Granger causality test, we find that for most SEE6 there is a bidirectional causal relationship between remittances and economic growth, i.e. economic growth is caused by remittances, and GDP growth also stimulates remittances.
{"title":"Remittances, FDI and economic growth: the case of South-East European countries","authors":"V. Bucevska, Aleksandar Naumoski","doi":"10.1080/14631377.2023.2169520","DOIUrl":"https://doi.org/10.1080/14631377.2023.2169520","url":null,"abstract":"ABSTRACT South-East European countries rely heavily on remittances and FDI as external sources of financing. Hence, an investigation of the behaviour of remittances and FDI during the business cycle and their impact on economic growth is of crucial importance. To achieve this objective, we first analyse the cyclical nature of remittances and FDI flows in Albania, Bosnia and Herzegovina, Croatia, Montenegro, the Republic of North Macedonia, and Serbia (SEE6) during their business cycles in the 2008q1-2021q2 period. Second, we investigate the causal link among these variables, and find out that although at the aggregate level remittances and FDI move synchronously and in the same direction as the business cycle, there are considerable variations across countries. Following Dumitrescu-Hurlin Panel Granger causality test, we find that for most SEE6 there is a bidirectional causal relationship between remittances and economic growth, i.e. economic growth is caused by remittances, and GDP growth also stimulates remittances.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46623071","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-24DOI: 10.1080/14631377.2023.2169522
Vít Jedlička
ABSTRACT Managers take into account the tax burden when they decide about a new investment; therefore, they seek countries with lower tax rates. Governments respond to these requirements and battle for new investments by lowering tax rates as part of tax competition. This study focuses on the Visegrád countries as a region of new foreign investments from other OECD countries, and analyses the determinants of a bilateral FDI position of equity. As a model, it uses dynamic panel regression with GMM estimation. Results show that FDIs are affected by the level of difference in corporate taxation and the size of both countries. Every other potential determinant has no effect on the level of investment. These results show that foreign investors care about tax burdens more when investing within the Visegrád Group. Visegrád countries are relatively close when considering conditions for business; therefore, the most important difference becomes the taxation of profits.
{"title":"Taxation as a factor in investment attractiveness in the Visegrád countries","authors":"Vít Jedlička","doi":"10.1080/14631377.2023.2169522","DOIUrl":"https://doi.org/10.1080/14631377.2023.2169522","url":null,"abstract":"ABSTRACT Managers take into account the tax burden when they decide about a new investment; therefore, they seek countries with lower tax rates. Governments respond to these requirements and battle for new investments by lowering tax rates as part of tax competition. This study focuses on the Visegrád countries as a region of new foreign investments from other OECD countries, and analyses the determinants of a bilateral FDI position of equity. As a model, it uses dynamic panel regression with GMM estimation. Results show that FDIs are affected by the level of difference in corporate taxation and the size of both countries. Every other potential determinant has no effect on the level of investment. These results show that foreign investors care about tax burdens more when investing within the Visegrád Group. Visegrád countries are relatively close when considering conditions for business; therefore, the most important difference becomes the taxation of profits.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45922149","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-19DOI: 10.1080/14631377.2022.2164782
Éva Berde, Muyassar Kurbanova
ABSTRACT Both fertility and mortality rates are declining in the five Central Asian countries, so far resulting in an increasingly working-age population. The main question is whether these countries can benefit from this demographic transition while having different economic structures and diverse ethnicities. Our article shows the importance of demographic, economic, and human capital indicators and the influential role of governance indicators such as the Political Corruption Index and Egalitarian Democracy Index for economic growth. Based on the data from 1991 to 2018, the analysis has been conducted by employing fixed effect estimation with Driscoll-Kraay standard errors. The findings indicate that human capital with proper education and an appropriately absorbed labour force does have a more powerful effect on the demographic benefit. In addition, improving the quality of governance has a significant impact on economic growth.
{"title":"Does the demographic dividend with human capital development yield an economic dividend? Evidence from Central Asia","authors":"Éva Berde, Muyassar Kurbanova","doi":"10.1080/14631377.2022.2164782","DOIUrl":"https://doi.org/10.1080/14631377.2022.2164782","url":null,"abstract":"ABSTRACT Both fertility and mortality rates are declining in the five Central Asian countries, so far resulting in an increasingly working-age population. The main question is whether these countries can benefit from this demographic transition while having different economic structures and diverse ethnicities. Our article shows the importance of demographic, economic, and human capital indicators and the influential role of governance indicators such as the Political Corruption Index and Egalitarian Democracy Index for economic growth. Based on the data from 1991 to 2018, the analysis has been conducted by employing fixed effect estimation with Driscoll-Kraay standard errors. The findings indicate that human capital with proper education and an appropriately absorbed labour force does have a more powerful effect on the demographic benefit. In addition, improving the quality of governance has a significant impact on economic growth.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2023-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44666626","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-17DOI: 10.1080/14631377.2022.2104502
A. Efendic, M. Fritsch, T. Mickiewicz, Tomasz Skica
workshop entrepreneurship, local-level policy initiatives aimed at stimulating rigorous reviewing several (2022), in their paper entitled ‘The relationship between unemployment and entrepreneurship at the local level: the case of Poland’, investigate the impact of unemployment and employment rate on new firm registrations in the service sector in Poland. The results of their analysis indicate a pronounced relationship between rising unemployment and increasing numbers of new service businesses between 2003 and 2018. The authors conclude that there is a relatively pronounced role of necessity entrepreneurship in the service sector. At the same time, the authors do not identify a single mechanism for the impact of unemployment on new business entry across different parts of the service sector. Nevertheless, they show that those parts of the service sector that are highly concentrated (financial services) or provide public goods (education, healthcare) are less affected by rising unemployment as compared to other service businesses. This sectoral calibration of the unemployment–entrepreneurship link has useful policy implications at the local level.
{"title":"Entrepreneurship and local development in post-communist Central and Eastern Europe – new challenges are ahead: editorial","authors":"A. Efendic, M. Fritsch, T. Mickiewicz, Tomasz Skica","doi":"10.1080/14631377.2022.2104502","DOIUrl":"https://doi.org/10.1080/14631377.2022.2104502","url":null,"abstract":"workshop entrepreneurship, local-level policy initiatives aimed at stimulating rigorous reviewing several (2022), in their paper entitled ‘The relationship between unemployment and entrepreneurship at the local level: the case of Poland’, investigate the impact of unemployment and employment rate on new firm registrations in the service sector in Poland. The results of their analysis indicate a pronounced relationship between rising unemployment and increasing numbers of new service businesses between 2003 and 2018. The authors conclude that there is a relatively pronounced role of necessity entrepreneurship in the service sector. At the same time, the authors do not identify a single mechanism for the impact of unemployment on new business entry across different parts of the service sector. Nevertheless, they show that those parts of the service sector that are highly concentrated (financial services) or provide public goods (education, healthcare) are less affected by rising unemployment as compared to other service businesses. This sectoral calibration of the unemployment–entrepreneurship link has useful policy implications at the local level.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":null,"pages":null},"PeriodicalIF":2.2,"publicationDate":"2022-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49024830","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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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