Entrepreneurship and Unemployment. Inzinerine Ekonomika- Engineering Economics , 4.
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Zdražil, P., Appolova, P. (2016). Growth Disparities among Regions of the Visegrad Group Countries: An evidence of their Extent and Nature. E & M Ekonomie a Management , 19(2), 37–54.
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We analyze the influence of newly constructed globalization measures on regional growth for the EU-27 countries between 2001 and 2006. The spatial Chow-Lin procedure, a method constructed by the authors, was used to construct, on a NUTS-2 level, complete regional data for exports, imports and FDI inward stocks, which serve as indicators for the influence of globalization, integration and technology transfers on European regions. The results suggest that most regions have significantly benefited from globalization measured by increasing trade openness and FDI. In a non-linear growth convergence model, the growth elasticities for globalization and technology transfers decrease with increasing GDP per capita. Furthermore, the estimated elasticity for FDI decreases when the model includes a higher human capital premium for CEE countries and a small significant growth enhancing effect accrues from the structural funds expenditures in the EU.
The present study investigates the country-specific determinants of intra-industry trade between Poland and its European Union trading partners in agricultural and food products during the time period 2002-2011. An econometric model for panel data is applied for the analysis of the factors determining Polish bilateral intra-industry trade with European Union countries. The research leads to the formulation of a statement that the intensity of intra-industry trade in agricultural and food products is positively influenced by the intensity of trade with EU countries and the level of economic development of the member countries (as measured by the size of their GDP per capita). Increase in intra-trade turnover is also facilitated by EU membership and by the fact that Poland’s trade partners use similar Slavic-based languages. Relative differences in the size of the economies and relative differences in Poland’s and its trading partners’ levels of economic development have a negative impact. The degree of the imbalance of trade turnover between trading partners also negatively influences the intensity of intra-trade exchange. The research confirms that the impact of all of the identified factors determining intra-industry trade is consistent with the predictions of the theory.
This paper evaluates the impact of official development assistance on the growth of WAEMU countries using an econometric approach. This assessment heeds the recommendation of the 2002 Monterrey Conference that diversification of development support resources is needed. The results obtained indicate that the total net public assistance received has a positive and significant impact in the short and long term on the growth of WAEMU countries. By diversifying the development support resources of the zone, the minimum threshold of official development assistance needed to boost the growth of the countries of the zone is 13.5% of GDP per capita.
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The economic potential of a country is directly related to a policy of creating new jobs, increasing labour productivity, balancing energy and materials consumption, technological innovation, refurbishing the production base, and taking action to create an environment for attracting investment and stimulating domestic consumption, as well as increasing exports of goods and services. A key feature of the economic system, that determines its ability to maintain normal living and working conditions for the population, is to guarantee and protect the sustainable development of the economy and the realisation of national economic interests. This article is addressed to two main economic security indicators - economic growth and investment activity of the state. It presents a specific comparison of real GDP per capita and growth rate in the European Union, the Eurozone and the Republic of Bulgaria and GDP per capita in purchasing power standards in the European Union, the Eurozone and the Republic of Bulgaria. The flow of foreign direct investment by economic sectors in the Republic of Bulgaria is been considered, including annual data, foreign direct investment flows by countries and the international position of the Republic of Bulgaria in this process
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as the contemporary circumstances have changed in relation to history (cf. Crafts 2013 , 277-78). It is therefore necessary to recognize that some political and economic structures in Sweden during the examined time period were rather unique. It is quite rare that one party enjoys such electoral support that it single-handedly can dictate domestic policy as the Social Democrats could in 1970. In this regard, it should also be noted that in 1970, Sweden was the fourth richest country in the OECD based on the GDP/capita indicator, which meant that this government
This paper investigates the relationships between energy consumption and GDP growth for 6 Western Balkan countries over 10 years period from 2005 to 2014. The countries under consideration are: Albania, Bosnia and Herzegovina, Croatia, Serbia, Montenegro, and Macedonia, FYR. The aim of this study is to evaluate the energy demand across time and within these countries. The other variables that are considered in the model are the Electricity use per capita, the Oil price referred to Crude Oil International markets price expressed in USD and the exchange rate. Recently, numerous empirical studies have been conducted to detect this relationship, but not specifically to the Western Balkan region. There are general characteristics, due to the common historical background, but also specific patterns of the economic structure shaping the energy demand of each country. The main approaches to energy demand modeling are the Bottom-up and Top Down approaches. Currently important research is conveying also toward the Hybrid models. The demand in this countries is very susceptible to external oscillations, leading to severe exogenous impacts on the long term equilibrium, fitting more towards a top down macroeconometric model.
Financial Inclusion plays an important role in terms of economic growth and poverty reduction owing to inequality, therefore, it is a key aspect of public policy in many governments. This study explores those variables that influence financial inclusion in some Latin American countries, through the use of the panel data econometric technique, based on information provided by the World Bank's Global Findex, and the Statistical Yearbook of the World Bank. ECLAC (Economic Commission for Latin America), during the period between 2007 and 2015. The sample includes 7 countries, namely, Argentina, Brazil, Chile, Colombia, Ecuador, Mexico and Peru. The results indicate that financial inclusion has a positive and significant relationship with the value of GDP per capita, such that the greater the income level which families have, the greater will be the participation in the financial system, and consequently, the greater the degree of financial inclusion. On the other hand, the variable public debt, shows that a high level of indebtedness hinders financial inclusion, therefore, its relationship is negative.