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Growth Effects of Cross-border Mergers and Acquisitions in European Transition Countries

Abstract

This paper deals with the economic effect of cross-border mergers and acquisitions on GDP per capita in European transition countries for the 2000- 2014 period. Our analysis shows that cross-border mergers and acquisitions have a negative effect on GDP per capita in the current period, whereas their lagged level positively impacts output performance. We found that transition countries characterized by a higher quality of institutional setting have achieved a positive impact on GDP per capita.

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Country’s Development as a Determinant of Early-Stage Entrepreneurial Activity

: Blackwell. Thurik, A. R. (2003). Entrepreneurship and unemployment in the UK. Scottish Journal of Political Economy, 50 (3), 264-290, http://dx.doi.org/10.1111%2F1467-9485.5003001 Thurik, A. R., Carree, M. A., van Stel, A. & Audretsch, D. B. (2008). Does self-employment reduce unemployment? Journal of Business Venturing, 23 (6), 673-686, http://dx.doi.org/10.1016%2Fj.jbusvent.2008.01.007 Van den Bergh, J. C. J. M. (2009). The GDP paradox. Journal of Economic Psychology, 30 (2), 117-135, http://dx.doi.org/10.1016/j

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Financial Stability of Insurance Companies in Selected CEE Countries

at: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=HU (15 December 2018). 35. World Bank (N/Ab), “World Bank national accounts data and OECD National Accounts data files”, available at: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=PL (15 December 2018). 36. World Bank (N/Ac), “World Bank national accounts data and OECD National Accounts data files”, available at: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=HR (15 December 2018). 37. Yanase, N., Asai, Y., Lai, G. C. (2008

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Marketing for Science Based Organizations Perspectives and Questions

Bibliography 1. A merican Marketing Association (2018). https://www.ama.org/AboutAMA/Pages/Definition-of-Marketing.aspx 2. Data Market (December 5, 2018). DataMarket: https://datamarket.com/data/set/1xdu/gdp-per-capita-constant-us-millions#!ds=1xdu!208h=1g&display=line 3. Drucker, P. (2008). The Five Most Important Questions You Will Ever Ask about Your Organization . San Francisco, California: Jossey-Bass 4. Drucker, P. (1973 & 1985). Management: Revised Edition . New York: HarperCollins. 5. Dubinskas, F. (1988). Janus

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Technology Creates 21St Century Wealth — Processes, Problems, and Prognosis

Abstract

Science and technology are the driving forces increasing the global standards of living. The technology - wealth relationship is complex and not well understood presently but recent macro data tends to support Robert Solow’s 1957 observation that societal, company, and individual wealth and increased standards of living is created by application of science and technology to socio-economic challenges. In 1987, Robert Solow received the Nobel Prize in Economics, for his insight that “seven-eighths” of the world’s increase in world wealth is due to advances in science and technology. The challenges and costs of of wealth creation are identified. This paper explores wealth as defined by GDP/capita, and the current correlations between world/GDP per capita and R&D spending, the number of scientific and technical articles, and number of patents applications from 2000 to 2012/2013 with a forecast of world GDP/capita to 2025 of approximately $15,000 USD from today’s $10,000 USD.

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Empirical Evidence of Capital Mobility in the EU New Member States

Abstract

This research is focused on the analysis of capital mobility indicators in the EU new member states as capital market union is one of the newest initiative in the EU. We found the most integrated countries are Hungary, the Czech R., Croatia and Estonia. Econometric analysis emphasized the main determinants of capital account openness and of FDI inward stock. The analysis indicates that the level of development, intra-EU trade and FDI inward stock have a positive impact on capital account openness (mobility), while inflation has a negative infl uence. The GDP per capita, intra- EU trade and capital account openness have positive impact on FDI inward stock while inflation and gross fixed capital formation have negative influence. Unexpectedly, fiscal variables and interest rates do not have a significant impact on capital openness. The results show that there is room for improvement in all countries that would enable more favorable access to capital.

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Evaluating the Nexus Between Financial Deepening and Economic Growth: Evidence from Ukraine

Abstract

In this paper systemic problems of Ukrainian banking sector are reviewed and the solutions are offered. The main objective of the study is to examine the relationship between a financial deepening and economic growth in Ukraine by estimating several multiple regression models over the 1993 to 2015 period. A real GDP growth per capita was used as an indicator for the economic growth. The domestic credit to private sector (% of GDP) was used as an index of financial depth. The study concludes that financial deepening causes a slight impact on the economic growth of Ukraine. A low level of impact is an indicator of a limitedness of lending to the real economy. This means that banking sector has not become the real driving force of the economic growth in Ukraine yet. The study suggests a statement that policy makers should design the policies which will encourage lending especially high tech production, small and mid-size business, micro financing to the real economy to promote economic growth and increase employment.

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Research Activities and their Relation to Economic Performance of Regions in the European Union

Abstract

Background: The intensity of innovation could often be crucial for further economic development of the regions. Science and technology are often seen as the key factor supporting innovation in the regions. Furthermore, we can assume that higher intensity of research activities could lead to better economic performance.

Objectives: Research aims to examine the link between the economic performance of the region and the intensity of science and technology activities, proxied by the share of employees in science and technology.

Methods/Approach: The analysis is based on panel data for NUTS2 regions of the European Union (EU) member states. We conducted correlation analysis, panel Granger causality tests and regression analysis.

Results: Our results suggest the existence of a significant positive correlation between GDP per capita and the share of employees in science and technology. Moreover, the regions with a higher intensity of science and technology activities are mostly characterized by relatively low unemployment rates.

Conclusions: Research activities are positive correlated with regional GDP and negatively correlated with unemployment. However, increasing the share of employment in science and technology beyond a certain turning point would not lead to any further positive effects on regional economic performance.

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Greenfield and Brownfield Investments and Economic Growth: Evidence from Central and Eastern European Union Countries

., & López-Bazo, E. (2005). Breaking the panels: An application to the GDP per capita. Econometrics Journal, 8 (2), 159–175. https://doi.org/10.1111/j.1368-423X.2005.00158.x De Mello, L. R. (1999). Foreign direct investment-led growth: evidence from time series and panel data. Oxford Economic Papers, 51 (1), 133-151. https://doi.org/10.1093/oep/51.1.133 Dumitrescu, E. I., & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29 (4), 1450-1460. http://dx.doi.org/10.1016/j.econmod.2012.02.014 Eberhardt, M

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Convergence analysis of household expenditures using the absolute β-convergence method

References Agarwal, J., Malhotra, N. K., Bolton, R. N. (2010), "A Cross-National and Cross-Cultural Approach to Global Market Segmentation: An Application Using Consumers' Perceived Service Quality", Journal of International Marketing, Vol. 18, No. 3, pp. 18-40. Boyle, G. E., McCarthy, T. G. (1999), "Simple Measures of Convergence in Per Capita GDP: A Note on Some Further International Evidence", Applied Economics Letters, Vol. 6, No. 6, pp. 343 - 347. Cateora, P. R., Gilly, M. C

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