Search Results

1 - 10 of 936 items :

  • "economic policy" x
Clear All
Globalization, inequality and economic policy

Abstract

In our paper a very simple model is used to analyze the relationship between trade globalization, inequality and economic policy. Although the local government exclusively maximizes the welfare of the marginalized (unemployed) people, the inequality of relative consumption between employed and unemployed will increase with intensified trade liberalization. In contrast to this result the relative income inequality may fall in certain situations.

Open access
The Challenge of Socio-Economic Coherence for Poland's Economic Policy in Context of Transformation Processes

The Challenge of Socio-Economic Coherence for Poland's Economic Policy in Context of Transformation Processes

The article focuses on Polish socio-economic coherency in the European and regional context during post WWII period. The author argues that the source of this incoherency are faulty mechanisms, its economic, social and regional policies which were before the transformation based on central coordination of strategies and later, prior to Polish membership in the EU, due to autonomic processes. Much of the weaknesses after accession of Polan to the EU have been due to mixed policies practiced. This has been based on competitive harmony in which economic, social and territorial coherence that is augmented by open coordination methods at union, national, regional and sub-regional levels. It is not sufficient applying socio-economic coherence to processes of eliminating disproportions existing in regional development. Their practical utility requires taking cognizance of the specificity of local material, human and social capital resources. The key issue of socio-economic coherence is harmonizing the development of all aspects of human living.

Open access
Economic Policy Towards Domestic Stock Exchanges

ładu [Finance after a heart attack. From financial euphoria to economic order]. Studio Emka, Warszawa. Dudzińska-Kocoń A. (1991), Systemy giełdowe w świecie [Exchange systems in the world], Publikacje Ministerstwa Finansów, Warszawa. Hicks J. R. (2000), Teoria historii gospodarczej [Theory of economic history], Wydawnictwo Adam Marszałek, Toruń. Jarmołowicz W., (2014), Polityka gospodarcza państwa - powody i sposoby realizacji [The state’s economic policy - reasons and methods of implementation], [in:], Podstawy

Open access
Application of DEA for Evaluating the Efficiency of Economic Policy as Exemplified by EU Agriculture

Abstract

The article presents how DEA is used to develop agricultural production efficiency rankings in the EU member states, which can be used as the starting point for evaluating the performance of currently used instruments of economic policy. In the article, statistical data from the FADN were used. Agricultural production was compared for three types of output and four types of input involved. The performed study demonstrated that in 18 out of 28 states, agricultural production had been run efficiently on a macro level. The applied approach also allowed for identifying the causes of inefficiency in the remaining ten states, providing indications for recommended changes in in the way economic instruments are used.

Open access
The Left or the Right? The Political Logic Behind the Economic Policies of the Communist Successor Parties in Central Europe

The Left or the Right? The Political Logic Behind the Economic Policies of the Communist Successor Parties in Central Europe

In years following the regime change in central Europe, many communist successor parties (CSPs) have adopted relatively right-wing economic platforms. This paper explores why, upon entering the game of electoral competition, the CSPs have staked right-wing economic positions - as if trying to alienate the potential electorate among the have-nots of the post-communist transformations. Specifically, I propose that CSPs' economic policy is more representative of the interests of the parties' financial donors, rather than the electorate at large. I test this proposition by analyzing the stance that CSPs take towards signing of bilateral investment treaties (BITs). By attracting foreign investment, BITs change the competitive landscape of a host country in ways that are not always beneficial to the domestic companies, owned by supporters of CSPs. Therefore I expect CSP-controlled governments to be hesitant about signing BITs. The results of the statistical investigation support such a hypothesis, as well as the larger claim of the paper, namely, that the economic policy of the communist successor parties is primarily geared towards representing the interests of their financial supporters.

Open access
Was Viktor Orbán’s Unorthodox Economic Policy the Right Answer to Hungary’s Economic Misfortunes?

Abstract

This paper assesses whether the unorthodox policies implemented in Hungary since 2010 were, given a four-year perspective, the right answer to Hungarian economic problems.

The paper draws on findings from the author’s August and November 2014 study trips to Hungary, during which Hungarian government officials and scholars from Budapest University of Technology and Economics were interviewed. These findings were supplemented by publications and data from Eurostat and World Bank databases.

Statistical data from May 2015 demonstrate that significant improvements took place in most (if not all) areas of the Hungarian economy since 2010. The country avoided bankruptcy and its 2014 GDP growth outpaced that of the Czech Republic and Poland. Viktor Orbán’s economic reforms therefore seem to have been the appropriate response to the Hungary’s economic misfortunes. The jury is, however, still out on whether those policies laid lasting fundaments for long-term growth.

Hungary is the first Central European country (since the anti-communist revolution triggered by Solidarność movement) that is experimenting with an independent economic policy. The results of Viktor Orbán’s experiment, if ultimately judged positive, could have profound consequences for the other countries in Central Europe and beyond.

Open access
The Institutional and External Factors Behind the Switch of a Country’s Economic Growth Strategy. The Case of the Brazilian Economic Policy

Abstract

One of the most important tasks for Brazil after the Second World War was to change the structure of its economy. Due to a relatively low level of domestic industry, consecutive governments found industrialization the main priority and focused on industrial policy to foster that process. One can argue that industrial policy was the core element of Brazilian economic policy throughout the post-war period, until the liberalization reforms of the 1980 s. Political and economic traditions, together with rapid changes in global economy over the last decades, have had a huge impact on more recent Brazilian economic policy. On one hand, the country has kept looking back to the protectionist practices that have shaped its economy since the emergence of the modern Brazilian state, on the other, Brazil’s ambition is to become a leading emerging economy and serious partner in the developed world. A dual development track, and continuous inner-conflict between protectionism and liberalism, is clearly visible in Brazilian economic policy and often leads to contradictory measures being taken by successive governments. The objectives of the article is to provide a contextualized analysis of the evolution of Brazil’s economic growth strategy, with a particular focus on the role of economic and political traditions, and institutions.

Open access
Consumer Policy in Poland in the Period of Transformation

Cooperation and Development. Kierunki polityki społeczno - gospodarczej do 1994 roku. Dokument rządu RP, [Directions of the socio-economic policy until 1994. The document of the government of the Republic of Poland] (1992), ”Przegląd Rządowy” [Government Review] no. 3, p. 47-49. Polityka konsumencka rządu na lata 2000-2001. Dokument przyjęty przez Radę Ministrów 30 maja 2000 r. Opracowanie Urzędu Ochrony Konkurencji i Konsumentów [Consumer policy of the government for the years 2000-2001. The document adopted by the Council of Ministers on

Open access
A Quantitative Analysis of the Main Lithuanian Taxes and Their Optimisation During the Crisis

, Nr. 3(12). Švabovič, M. (2016). Daktaro disertacija: Lietuvos ekonominės politikos priemonės krizės sąlygomis [Modelling State Economic Policy Decisions During the Crisis]. Vilniaus Universitetas, Ekonomikos fakultetas, Ekonominės politikos katedra. Uhlig, H. (1999). A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily. Computational Methods for the Study of Dynamic Economies. Oxford: Oxford University Press. Valkauskas, R. (2005). Statistika [Statistics]. Vilnius: Vilniaus vadybos aukštoji mokykla

Open access
Is the Czech Republic a Welfare State?

Abstract

Is the Czech Republic a welfare state? This question is to be answered through this article, whose purpose is to classify Czechia into one of the types of the welfare state. The introduction of the article describes the creation of the welfare state and the main factors influencing its origin. The article also describes the characteristic features of the welfare state and presents its typology. The section entitled “The Czech Republic and the welfare state” expounds on the constituent stages of development of the Czech social policy until the present day. The article concludes with the comparison of some aggregate indicators and characteristics of social policies found in Sweden, Germany and the United Kingdom with similar indicators from the Czech Republic; this basis forms the assignment of the Czech Republic to one of the types of the welfare state.

Open access