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The Corelation between Labour Market and Education – Results of a Comparative Study Conducted in the Hungarian, Romanian and British Educational Systems

Abstract

The present study aims at highlighting some of the impacts that labour market an education mutually have on each other both in the context of economies in transition (even if they used to have long historic traditions related to pioneering in instruction and education at mass and elite level) and that of a steady and consequent capitalist state undisturbed by the storms of radical political changes and periods of totally negating the values and results created by former historic eras and communities.

The main idea is that the relationship between the labour market and education is that of a mutual demand and supply based corelation, permanently influencing each other, so no political or economic authority and power should miss taking this into consideration unless they want to fail.

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Determinants of Credit Growth: The Case of Montenegro

Abstract

In the period before the crisis, Montenegro experienced a rapid credit growth, which coincided with the privatization of several banks and was followed by the entry of foreign banking groups, amplifying the banks’ lending process and increasing competition in this sector. This paper focuses on identification and estimation of determinants of credit growth in Montenegro, exploring both demand and supply side factors, and particularly paying attention to supply factors. Our findings confirm that positive economic developments and an increase in banks’ deposit potential lead to higher credit growth. Furthermore, our findings emphasize that the banking system soundness is decisive for promoting further bank’s lending activities. We provide evidence that the weakening of banks’ balance sheets, in terms of high non-performing loans and low solvency ratio, has a negative effect on credit supply.

In addition, this paper provides a nuanced analysis of the determinants of credit growth by allowing these to be different before and after the global financial crisis. The post-crisis model finds that credit supply indicators gained in importance in explaining credit growth, while the model in pre-crisis period provides evidence that both demand and supply indicators matter in explaining credit growth.

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The Consumer of University Educational Services – A Central Element of Educational Marketing

Abstract

The marketing of educational services has become both a priority and a challenge, taking into account the technological changes that have arisen from the aspect of the tools and teaching methods used, as well as from the point of view of the requirements on the market manifested by the bearers of labor demand and supply. In addition, the opening and internationalization of these services has led to an increase in competition in this area, which forces universities to attach greater importance to educational marketing activities. From the point of view of the study of the behavior of the consumer of university educational services, the approach is even more challenging as the offer of educational services presupposes the rendering of an inexpensive, unstable, perishable and extremely variable service in terms of diversity, which requires an extremely complex analysis of the variables that influence the behavior of the “consumer” student, as well as from the point of view of the purchasing decision process, as a result of the action of these factors. In this context, the present paper aims to analyze the necessity of applying specific educational marketing tools, methods and techniques, especially of university marketing, not only from the perspective of the promotional component, which has a leading role in this field, but also starting from to the analysis of the peculiarities of the behavior of the consumer of educational services as a beneficiary.

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Technological Progress, Globalization, and Secular Stagnation

Abstract

After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward shift of its growth path and a consequent decline. As shown at the beginning of this paper, this shift and growth rate stagnation are totally attributable to the economic dynamics in developed economies, the USA and the EU. Explanations of this phenomenon can be divided into two large groups: explanations that belong to the demand side and those that belong to the supply side. The aim of this paper is to give a critical survey of the most important explanations for the ongoing growth stagnation in developed countries and consequently in the entire world economy. This ongoing prolonged stagnation can only be explained by looking at both, the demand and supply sides of the explanation, and particularly by taking a closer look at the interaction between aggregate demand and aggregate supply. In other words, secular stagnation manifests itself as a problem of the limitation of long run growth of aggregate demand. However, in order to explain the causes of those demand limitations, we have to undertake a careful analysis of the supply side dynamics, especially the dynamics of innovations, which bring us to circular and cumulative causation. In order to explain the numerous consequences of this stagnation and to solve some important puzzles, like the productivity paradox for example, a special emphasis is given to the analysis of deindustrialization and the consequent strange reoccurrence of a dual economy within most developed countries during the period of the IT revolution and hyper-globalization. It will also be shown that this new dual economy presents serious limitations for further technological advancement and economic development, quite contrary to the old dualism which contributed to an acceleration of economic growth.

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Differences between Offer and Demand on the ICT specialist’s Czech Labor Market

. & Nedomova, L. (2011b). Information Management in Web 2.0 Technology Context. In: Strategic Management and its Support by Information Systems. September 5-7, 2011,Ostrava . VŠB TU Ostrava, 2011, pp. 34-45. Doucek, P., Novotny, O., Pecakova, I. & Vorisek, J, (2007). Lidske zdroje v ICT - Analyza nabidky a poptavky po IT odbornicich v Česke republice [Human Resources in ICT - Analysis of the Demand and Supply in Czech Republic] R. 1. ed. Praha: Professional Publishing. European Commission (2010). Europe‘s digital competitiveness report

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Foundations of Management
The Journal of Warsaw University of Technology
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The Economics Of Housing Finance In Serbia

Abstract

The paper presents analysis of the achieved development level of the housing market in Serbia. Various factors that have shaped demand and supply are systematized and their impact over the last decade was analysed and monitored. As important ones demographic, macroeconomic and financial factors are singled out and a special importance is given to the analysis of specific historical and socio-political circumstances that have influenced the development of the housing market during the period of analysis.

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Analysis of Inflation Management Model Factors as Regards Supply and Demand

Abstract

This article analyses the demand and supply aspects of the determinants of CPI inflation in Lithuania in 1998-2008. Content analysis was used to identify and group significant demand and supply inflation factors and using RGT, objectively assess and generalize the results. Pair linear correlation analysis confirmed the significance for CPI inflation of the factors identified through content analysis, and both research methods reliably and effectively helped to identify factors for regression models of inflation. Content analysis revealed that the causes of inflation most often mentioned and traditionally regarded as significant in the economic literature are factors such as money and wages, capital, competition and monopolies, and so on. Pair correlation research showed the significance for inflation of supply and demand factors such as income distribution, income levels, taxes, saving, human capital and labour productivity as well as exports and imports - things which content analysis gave only average or little mention. Regression models confirmed and helped to concretize the significance for inflation of the identified demand and supply factors. The results of the research show that inconsistent monetary and general government expenditure policies reinforce private consumption and capital shocks. Note that human capital and employment, which changed little during the analysed period, did not show the large significance for inflation that they are commonly thought to have.

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Tourism and valorisation of cultural heritage: The case of the Castle of Lanhoso

uniqueness to its visitors (tourists and residents), as well as to analyse the impact of the promotion and preservation of this monument on the resident community. The paper is divided in three main sections. In the first section, a review of the literature is made on themes such as heritage, community identity, cultural tourism, creative tourism and community integration. In the second section, the municipality of Póvoa de Lanhoso is addressed through the analysis of social and economic characteristics of the municipality, tourism characteristics, tourism demand and

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in Tékhne
Aspects of the Evolution of the Romanian Tourists’ Preferences Concerning the Domestic Tourist Destinations

Logistic Regression , Annals of Faculty of Economics, 1, issue 1, p. 976-986. Davidescu, A. M., Paul, A.M.V., Gogonea, R-M., Zaharia, M., (2015), Evaluating Romanian Eco-Innovation Performances in European Context , Sustainability, 7, issue 9, p. 1-35. Gogonea, R-M., Zaharia, M., Dumitru, N-R. (2009). Statistic and Econometric Analysis of the Motivational Factors on Turistc Behavour , Annals of Faculty of Economics, 2, issue 1, p. 654-658. Gogonea, R-M., Zaharia, M. (2013). Statistical Analisys of Evolutions of Demand And Supply of Agro

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