We study the fiscal decentralisation patterns in OECD countries through a club convergence approach. Our analysis covers 30 countries spanning 1995 to 2018 and considers the noncentral expenditure and revenue sides with two perspectives, as percentage of GDP and as percentage of the total government expenditure and revenue. The results show differences between the expenditure and revenue sides, but with five and six clubs on both sides for the GDP and total government perspectives, respectively. These results allow one to establish a typology based on the four dimensions analysed. In addition, our results suggest a divergent impact of the Great Recession at the overall level of countries and under the expenditure and revenue perspectives; however, simultaneously, that economic downturn seems to have reinforced the process of convergence within clubs under the expenditure perspective. We also study the dynamics of convergence over time using a rolling window estimation, for all countries and the clubs.
{"title":"Evolution of Fiscal Decentralisation in OECD Countries: A Club Convergence Analysis","authors":"Francisco J. Delgado, M. J. Presno","doi":"10.24818/ea/2023/63/558","DOIUrl":"https://doi.org/10.24818/ea/2023/63/558","url":null,"abstract":"We study the fiscal decentralisation patterns in OECD countries through a club convergence approach. Our analysis covers 30 countries spanning 1995 to 2018 and considers the noncentral expenditure and revenue sides with two perspectives, as percentage of GDP and as percentage of the total government expenditure and revenue. The results show differences between the expenditure and revenue sides, but with five and six clubs on both sides for the GDP and total government perspectives, respectively. These results allow one to establish a typology based on the four dimensions analysed. In addition, our results suggest a divergent impact of the Great Recession at the overall level of countries and under the expenditure and revenue perspectives; however, simultaneously, that economic downturn seems to have reinforced the process of convergence within clubs under the expenditure perspective. We also study the dynamics of convergence over time using a rolling window estimation, for all countries and the clubs.","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47788725","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}
“He loses who knows what he will do when he wins. He wins who knows what he will do when he loses”Nicolo Machiavelli, The Prince Thus, the author of this paper has as a provocative approach the presentation of the aspects regarding the internal audit, its organization and functioning in the structure of an organization, in the context of corporate governance. This book is addressed to all those who want to know how the application and promotion of good principles of company governance have the effect of improving and improving performance at the level of each organizational entity, regardless of legal form or field of activity. An essential component of corporate governance is internal audit, which is the driver of identifying, assessing and mitigating those risks that can significantly affect the proper functioning of an entity, as well as the achievement of the objectives within the management plan.
{"title":"Book review. The Internal Audit in the Corporate Governance Context","authors":"Viorel Avram","doi":"10.24818/ea/2023/63/643","DOIUrl":"https://doi.org/10.24818/ea/2023/63/643","url":null,"abstract":"“He loses who knows what he will do when he wins. He wins who knows what he will do when he loses”Nicolo Machiavelli, The Prince Thus, the author of this paper has as a provocative approach the presentation of the aspects regarding the internal audit, its organization and functioning in the structure of an organization, in the context of corporate governance. This book is addressed to all those who want to know how the application and promotion of good principles of company governance have the effect of improving and improving performance at the level of each organizational entity, regardless of legal form or field of activity. An essential component of corporate governance is internal audit, which is the driver of identifying, assessing and mitigating those risks that can significantly affect the proper functioning of an entity, as well as the achievement of the objectives within the management plan.","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42382495","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}
D. Vîrjan, Claudia Rodica Popescu, I. Pop, D. Popescu
The energy transition is a priority for the European Union, both in terms of reducing greenhouse gas emissions and reducing its dependence on imported fossil fuels. The European Union is at the forefront of the fight against climate change caused by greenhouse gas emissions. This article presents the relationship between greenhouse gas emissions and the main factors that directly affect the growth of greenhouse gas emissions, such as GDP per capita or greenhouse gas emissions per capita in the previous period (t-1). To conduct this study, a panel data model was used with statistical data provided by EUROSTAT for the 27 Member States of the European Union for the period 2005-2020. Data processing was performed using the econometric program Eviews 8. The research results show that in developed countries, where GDP per capita is high, greenhouse gas emissions are also high. Therefore, the energy transition is a necessity, especially since these countries also have the financial resources to support it.
{"title":"Energy Transition and Sustainable Development at the Level of the European Union","authors":"D. Vîrjan, Claudia Rodica Popescu, I. Pop, D. Popescu","doi":"10.24818/ea/2023/63/429","DOIUrl":"https://doi.org/10.24818/ea/2023/63/429","url":null,"abstract":"The energy transition is a priority for the European Union, both in terms of reducing greenhouse gas emissions and reducing its dependence on imported fossil fuels. The European Union is at the forefront of the fight against climate change caused by greenhouse gas emissions. This article presents the relationship between greenhouse gas emissions and the main factors that directly affect the growth of greenhouse gas emissions, such as GDP per capita or greenhouse gas emissions per capita in the previous period (t-1). To conduct this study, a panel data model was used with statistical data provided by EUROSTAT for the 27 Member States of the European Union for the period 2005-2020. Data processing was performed using the econometric program Eviews 8. The research results show that in developed countries, where GDP per capita is high, greenhouse gas emissions are also high. Therefore, the energy transition is a necessity, especially since these countries also have the financial resources to support it.","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43915927","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}
Rozalia Kicsi, Aurel Burciu, I. Bostan, Raluca Zoltan, S. Buta
Recent studies suggest a core-periphery pattern of energy poverty in the European Union. The energy vulnerability of Romania, Bulgaria
最近的研究表明，欧洲联盟存在一种核心-外围能源贫困模式。罗马尼亚和保加利亚的能源脆弱性
{"title":"Energy Poverty: Macroeconomic Insight on Romania, Bulgaria and the Vi?egrad Group within the European Context","authors":"Rozalia Kicsi, Aurel Burciu, I. Bostan, Raluca Zoltan, S. Buta","doi":"10.24818/ea/2023/63/413","DOIUrl":"https://doi.org/10.24818/ea/2023/63/413","url":null,"abstract":"Recent studies suggest a core-periphery pattern of energy poverty in the European Union. The energy vulnerability of Romania, Bulgaria","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46072412","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}
Dumitru Miron, Vlad Epurescu, Elisabeta Andreea Budacia
The entire contemporary societal landscape, including the business environment, faces a complex kaleidoscope of challenges, fuelled by a greater than ever level of turbulence manifesting itself on all levels. In the new circumstances, opportunities and threats follow and multiply, interfere, and require a proactive approach and placed in synergistic logic. We are witnessing the emergence of times in which the most frequently used term is resilience. At the level of the European Union, resilience can be attached to all strategic or tactical vectors, the most interesting areas of manifestation of the need for resilience being those related to digitisation and the energy sector. Starting from the hypothesis that most of the geopolitical and geoeconomic conditions are changing at a very high speed, the authors of this article proposed to emphasise aspects related to the rediscovery of the advantages of energy autonomy. Aggregating the production curves for dispatchable photovoltaic energy in 2021, at the national level
{"title":"The Strategic Repositioning of the European Union Consumers in the Context of the Energy Paradigm Change. From the Traditional Supplier-User Relationship to the Emergence of the Prosumers","authors":"Dumitru Miron, Vlad Epurescu, Elisabeta Andreea Budacia","doi":"10.24818/ea/2023/63/397","DOIUrl":"https://doi.org/10.24818/ea/2023/63/397","url":null,"abstract":"The entire contemporary societal landscape, including the business environment, faces a complex kaleidoscope of challenges, fuelled by a greater than ever level of turbulence manifesting itself on all levels. In the new circumstances, opportunities and threats follow and multiply, interfere, and require a proactive approach and placed in synergistic logic. We are witnessing the emergence of times in which the most frequently used term is resilience. At the level of the European Union, resilience can be attached to all strategic or tactical vectors, the most interesting areas of manifestation of the need for resilience being those related to digitisation and the energy sector. Starting from the hypothesis that most of the geopolitical and geoeconomic conditions are changing at a very high speed, the authors of this article proposed to emphasise aspects related to the rediscovery of the advantages of energy autonomy. Aggregating the production curves for dispatchable photovoltaic energy in 2021, at the national level","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46289045","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 study assesses the effect of economic, institutional, and cultural factors on green energy production. The present research considers only sources for which the European Union co-finances investment in production capacity; thus, we exclude hydroelectric power. The economic determinants are internal consumption and national income, the institutional ones are the Worldwide Governance Indicators
{"title":"Effect of Economic, Institutional and Cultural Factors on the Implementation of EU Energy Policies","authors":"Vasile Dinu, L. Baciu, M. Mortan, V. Vereş","doi":"10.24818/ea/2023/63/306","DOIUrl":"https://doi.org/10.24818/ea/2023/63/306","url":null,"abstract":"This study assesses the effect of economic, institutional, and cultural factors on green energy production. The present research considers only sources for which the European Union co-finances investment in production capacity; thus, we exclude hydroelectric power. The economic determinants are internal consumption and national income, the institutional ones are the Worldwide Governance Indicators","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45028371","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}
Di Wang, Xuefeng Shao, Yang Song, Hualu Shao, Longqi Wang
Recent evidence indicates that the proportion of manufacturing enterprises undergoing digital transformation and the digital investment made by manufacturing enterprises are increasing, suggesting that digital transformation may affect the production and operation of manufacturing enterprises. This paper investigates the influence of digital transformation on the performance of manufacturing enterprises and the intermediary effect of efficiency and costs. We take the annual reports of 156 listed Chinese manufacturing enterprises from 2015 to 2019 as samples for data collection and apply the textual analysis method to build the digital transformation index of manufacturing enterprises. Our analysis shows that the digital transformation of manufacturing enterprises plays a positive role in improving enterprise performance. Based on the path analysis, digital transformation indirectly improves the performance of the manufacturing enterprise by improving operational efficiency and reducing production costs. We also found that the level of digital transformation is related to the performance of Chinese manufacturing enterprises. A relatively low level of digital transformation does not have a significant impact on the performance of the Chinese manufacturing enterprise. However, medium and high levels of digital transformation will significantly increase the performance of manufacturing enterprises. Our study contributes to providing new ideas to construct enterprise digital transformation indicators. We also offer new insights into different levels of enterprise digital transformation on enterprise performance.
{"title":"The Effect of Digital Transformation on Manufacturing Enterprise Performance","authors":"Di Wang, Xuefeng Shao, Yang Song, Hualu Shao, Longqi Wang","doi":"10.24818/ea/2023/63/593","DOIUrl":"https://doi.org/10.24818/ea/2023/63/593","url":null,"abstract":"Recent evidence indicates that the proportion of manufacturing enterprises undergoing digital transformation and the digital investment made by manufacturing enterprises are increasing, suggesting that digital transformation may affect the production and operation of manufacturing enterprises. This paper investigates the influence of digital transformation on the performance of manufacturing enterprises and the intermediary effect of efficiency and costs. We take the annual reports of 156 listed Chinese manufacturing enterprises from 2015 to 2019 as samples for data collection and apply the textual analysis method to build the digital transformation index of manufacturing enterprises. Our analysis shows that the digital transformation of manufacturing enterprises plays a positive role in improving enterprise performance. Based on the path analysis, digital transformation indirectly improves the performance of the manufacturing enterprise by improving operational efficiency and reducing production costs. We also found that the level of digital transformation is related to the performance of Chinese manufacturing enterprises. A relatively low level of digital transformation does not have a significant impact on the performance of the Chinese manufacturing enterprise. However, medium and high levels of digital transformation will significantly increase the performance of manufacturing enterprises. Our study contributes to providing new ideas to construct enterprise digital transformation indicators. We also offer new insights into different levels of enterprise digital transformation on enterprise performance.","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42308665","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}
For several years, humanity has been going through a kaleidoscope of crises (global economic and financial, health, of the development model to be followed, geo-strategic, in terms of people's living standards and, last but not least, energetic) all categories of stakeholders being obliged to answer them as adequately as possible. Both those who are positioned at the level at which public policies are drawn up and implemented, the representatives of the economic and social environment but also those from the academic and scientific environment, need to identify both the systemic risks and the valuable opportunities that can be internalised, to conceive directions of action, and compose the set of mechanisms and tools with the help of which it is possible to act in a new logic of costefficiency type. The decision-makers at the level of the community bodies of the European Union, as well as those of the member countries of this integrationist grouping referential for the global economic picture, must decide on the preferred path for the future economic evolution, one centred on economic and social cohesion or one centered on competitiveness. Any of the two strategic alternatives cannot ignore the energy factor, a provocative one, dependent on several parameters and with very large amplitude driving effects on the entire European and international societal picture. The capacity of the European Union, faced with the more and more exciting set of challenges of different natures but also of various intensities, to maintain and the potency of the level of prosperity to which the current and future generations aspire, requires a deep retrospective on the nature of the economic growth model and the changes necessary to ensure the appropriate level of sustainability. In this context of high dynamism, with a fairly high degree of turbulence, researchers, in special those from de economic field, have the task of taking multilevel and multiparameter analysis of the new realities in today's society, identifying vulnerabilities and prescribing appropriate solutions, and it must also recommend the medication dosage that makes it possible to ensure the additional level of sustainability both at the macroeconomic and meso and microeconomic level. The issue related to the vital role of energy in all development models is not new on the specialised research agenda. What is new today is related to the scope of developments, the congruence between different processes and phenomena, and the set of new solutions that must be identified and substantiated argumentatively.
{"title":"Micro and Macroeconomic Impact of the EU Energy Policy","authors":"Dumitru Miron","doi":"10.24818/ea/2023/63/294","DOIUrl":"https://doi.org/10.24818/ea/2023/63/294","url":null,"abstract":"For several years, humanity has been going through a kaleidoscope of crises (global economic and financial, health, of the development model to be followed, geo-strategic, in terms of people's living standards and, last but not least, energetic) all categories of stakeholders being obliged to answer them as adequately as possible. Both those who are positioned at the level at which public policies are drawn up and implemented, the representatives of the economic and social environment but also those from the academic and scientific environment, need to identify both the systemic risks and the valuable opportunities that can be internalised, to conceive directions of action, and compose the set of mechanisms and tools with the help of which it is possible to act in a new logic of costefficiency type. The decision-makers at the level of the community bodies of the European Union, as well as those of the member countries of this integrationist grouping referential for the global economic picture, must decide on the preferred path for the future economic evolution, one centred on economic and social cohesion or one centered on competitiveness. Any of the two strategic alternatives cannot ignore the energy factor, a provocative one, dependent on several parameters and with very large amplitude driving effects on the entire European and international societal picture. The capacity of the European Union, faced with the more and more exciting set of challenges of different natures but also of various intensities, to maintain and the potency of the level of prosperity to which the current and future generations aspire, requires a deep retrospective on the nature of the economic growth model and the changes necessary to ensure the appropriate level of sustainability. In this context of high dynamism, with a fairly high degree of turbulence, researchers, in special those from de economic field, have the task of taking multilevel and multiparameter analysis of the new realities in today's society, identifying vulnerabilities and prescribing appropriate solutions, and it must also recommend the medication dosage that makes it possible to ensure the additional level of sustainability both at the macroeconomic and meso and microeconomic level. The issue related to the vital role of energy in all development models is not new on the specialised research agenda. What is new today is related to the scope of developments, the congruence between different processes and phenomena, and the set of new solutions that must be identified and substantiated argumentatively.","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43800944","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 EU has become a leading protagonist of decarbonisation in the era of challenging international competitiveness. This research aims to investigate a relationship between energy costs pushed by decarbonisation (case of electricity) and the export competitiveness of EU countries. Within panel regression, the authors used unit energy costs (UEC) for electricity and analysed export competitiveness via domestic value added in gross export from the TiVA database. The research proved the negative effect of increasing unit energy costs for electricity on export competitiveness, but only at the entire industry level. The even stronger negative effect of increasing energy costs was found among EU13 countries (new members and industry-based countries). The original and most important findings bring UEC data for the EU countries, prove different effects of decarbonisation on export competitiveness within the EU27, and investigate selected decarbonisation effects on energy-intensive industries. The results related to the potentially harmful and diversified effects of decarbonisation commitments on export competitiveness are essential for further “green” reforms policies of the EU
{"title":"EU Decarbonisation: Do EU Electricity Costs Harm Export Competitiveness?","authors":"Stanislav Zábojník, D. Steinhauser, V. Peštová","doi":"10.24818/ea/2023/63/522","DOIUrl":"https://doi.org/10.24818/ea/2023/63/522","url":null,"abstract":"The EU has become a leading protagonist of decarbonisation in the era of challenging international competitiveness. This research aims to investigate a relationship between energy costs pushed by decarbonisation (case of electricity) and the export competitiveness of EU countries. Within panel regression, the authors used unit energy costs (UEC) for electricity and analysed export competitiveness via domestic value added in gross export from the TiVA database. The research proved the negative effect of increasing unit energy costs for electricity on export competitiveness, but only at the entire industry level. The even stronger negative effect of increasing energy costs was found among EU13 countries (new members and industry-based countries). The original and most important findings bring UEC data for the EU countries, prove different effects of decarbonisation on export competitiveness within the EU27, and investigate selected decarbonisation effects on energy-intensive industries. The results related to the potentially harmful and diversified effects of decarbonisation commitments on export competitiveness are essential for further “green” reforms policies of the EU","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":" ","pages":""},"PeriodicalIF":2.6,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45933775","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}
Daniela Artemisa Calu, Adriana Ana Maria Davidescu, Alina Mihaela Irimescu, Corina-Graziella Batca Dumitru, Viorel Avram
{"title":"Implementation of Energy Efficiency Improvement Measures in Romania and the Role of Professional Accountants","authors":"Daniela Artemisa Calu, Adriana Ana Maria Davidescu, Alina Mihaela Irimescu, Corina-Graziella Batca Dumitru, Viorel Avram","doi":"10.24818/ea/2023/63/479","DOIUrl":"https://doi.org/10.24818/ea/2023/63/479","url":null,"abstract":"","PeriodicalId":46837,"journal":{"name":"Amfiteatru Economic","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134992651","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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