scholarly journals An impact of macroeconomic stabilization on the sustainable development of manufacturing enterprises: the case of Central and Eastern European Countries

2020 ◽  
Author(s):  
Aleksandra Pieloch-Babiarz ◽  
Anna Misztal ◽  
Magdalena Kowalska
Keyword(s):  
Sustainable Development ◽  
Slovak Republic ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Macroeconomic Stabilization ◽  
The Sustainable Development ◽  
Manufacturing Enterprises ◽  
Eastern European Countries ◽  
The Impact

Abstract Sustainable development is a socioeconomic development that respects environmental protection. It can be analyzed at a macro- and microscale. The goals of sustainable development are realized by ordinary people, politicians, organizations, and enterprises. At the enterprise level, sustainable development means an improvement in quantitative and qualitative conditions of running a business, the use of pro-ecological standards and solutions, and support of employee development. The sustainable development of enterprises depends on several factors, including macroeconomic conditions. The main aim of this paper is to show the impact of the macroeconomic stabilization on the sustainable development of the manufacturing enterprises in the Central and Eastern European Countries (CEECs). We examine only the CEECs which are the members of the European Union. Considering this, we focus on the eleven counties (i.e., Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia) in the period from 2008 to 2018. The main hypothesis is formulated as follows: Macroeconomic stabilization has a statistically significant impact on the sustainable development of manufacturing enterprises in the period from 2008 to 2018. The results of the study indicate that in all analyzed countries there is a statistically significant relationship between the indicator of sustainable development (SISDE) and the indicator of macroeconomic stabilization. The highest level of correlation was observed in Czechia, Poland, and Hungary, while the lowest in Estonia.

scholarly journals The impact of real exchange rates on price competitiveness in Eastern European countries

2020 ◽  
Vol 19 (1) ◽  
pp. 45-55
Author(s):  
Nadiia Proskurnina ◽  
Jürgen Kähler ◽  
Rosario Cervantes-Martinez
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Local Exchange ◽  
Developed Economies ◽  
Countries In Transition ◽  
Eastern European Countries ◽  
The Impact

The subject of this paper is empirical research on studies of exchange rates in Eastern European countries, such as Albania, Bulgaria, Bosnia and Herzegovina, Belarus, Czech Republic, Estonia, Croatia, Hungary, Latvia, Lithuania, Moldova, (North) Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, and Slovenia, in order verify the validity of theories that explain these changes. This research aims to explain the mixed evidence of the Balassa-Samuelson effect in Ukraine, taking into account the intentions of Ukraine to become a member of the European Union. Unlike previous works, the attention is shifted to a review of empirical evidence and the identification of main factors that limit the ability to verify the theory. The main conclusion is that all the currencies studied underwent substantial real appreciations during the study period. Thus, it can be concluded that an adequate monetary policy in countries under study is very important, given that local exchange markets are not sustainable enough and the volatility of exchange operations is higher than in countries with developed economies. However, the Balassa-Samuelson Hypothesis (BSH) can explain the impact of the real exchange rate due to changes in productivity in countries in transition.

scholarly journals The impact of state regulation in a sphere of education on sustainable development of national economy

2020 ◽  
Vol 18 (4) ◽  
pp. 275-288
Author(s):  
Anna Vorontsova ◽  
Hanna Shvindina ◽  
Tetyana Mayboroda ◽  
Halyna Mishenina ◽  
Iryna Heiets
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
National Economy ◽  
Strategy Implementation ◽  
State Regulation ◽  
Learning System ◽  
European Countries ◽  
Eastern European ◽  
The Sustainable Development ◽  
Eastern European Countries

Education is a core element of the Sustainable Development Concept. It is not only because of the declaration of SDG 4 within the 2030 Agenda but also its embeddedness in other goals, targets, and indicators. Thus, the study aims to generalize approaches to define the relationship between the efficiency of the strategy of sustainable development of the national economy and state regulation of education. The research is accomplished for 14 Central and Eastern European countries (2006–2016) using the combination of principal components method and parametric method of stochastic frontier analysis in the software package STATA 11 and FRONTIER 4.1. As a result, the empirical proofs of the strong and adequate link between the efficiency of the sustainable development strategy of the national economy and state regulation of education are identified. The technical efficiency indexes were also calculated that allowed forming three clusters for Central and Eastern European countries distributed by the level of state regulation of education and efficiency of sustainable development strategy implementation. It helps to distinguish the main measures to reform the state regulation of education in Ukraine considering the experience of Slovenia, Poland, the Czech Republic, countries that proved to be the leaders in a sphere of sustainable development strategy implementation. The recommendations for further improvements in educational policies were defined. For instance, effective and sustainable state regulation of education should focus on decentralizing education, developing private-public partnerships, stimulating adult education development, etc. Acknowledgment and fundingThis research was funded by the grant from the Ministry of Education and Science of Ukraine “Reforming the lifelong learning system in Ukraine for the prevention of the labor emigration: a coopetition model of institutional partnership” (No. 0120U102001).

scholarly journals Human Capital in Digital Economy: An Empirical Analysis of Central and Eastern European Countries from the European Union

2021 ◽  
Vol 13 (4) ◽  
pp. 2020
Author(s):  
Adriana Grigorescu ◽  
Elena Pelinescu ◽  
Amalia Elena Ion ◽  
Monica Florica Dutcas
Keyword(s):  
European Union ◽  
Human Capital ◽  
Global Economy ◽  
Fixed Effects ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Technology Talent ◽  
Eastern European Countries ◽  
The Impact

The hypercompetitive global economy of the 21st century is a hub of innovation, technology, talent, skills, speed, efficiency, productivity, and satisfaction. Within this context, the organizations are looking intensely for people with skills and talents that can differentiate themselves in all that noise. The human capital became slowly but surely a mean of efficiency and growth, especially through the premises of digitization, and a key issue of sustainability. The current research is meant to identify and highlight any correlations that might appear between the population’s welfare of 11 Central and Eastern European Countries (CEECs) which are members of the European Union (EU), and the components of the digitization trend, including the new human cloud industry, ICT, and the connectivity to the Internet of Things. In order to achieve the needed insights, the multiple regression analysis was employed, and the latter tested the panel models with fixed effects, both from a temporal and country perspective. The results showcased a positive connection between the dependent and independent variables, confirming that the digitization of the economy and the developed human capital will ultimately lead to the increase of population’s welfare. Moreover, the findings are consistent with specific insights for each of the 11 CEECs, showing that digitization and the influence of human capital is differentiated across the latter in terms of their overall effect and amplitude. The research is limited by the timeframe and countries included in the study, and it can be furthered by determining the impact of digitization on the economies of the EU28 countries grouped by level of development, and by using other significant indicators for analysis.

scholarly journals Sustainable Development in the Central and Eastern European Countries (CEECs): Challenges and Opportunities

2019 ◽  
Vol 11 (4) ◽  
pp. 1180 ◽  
Author(s):  
Andrzej Raszkowski ◽  
Bartosz Bartniczak
Keyword(s):  
Sustainable Development ◽  
Global Perspective ◽  
European Countries ◽  
Added Value ◽  
Eastern European ◽  
The Sustainable Development ◽  
Development Indicators ◽  
Challenges And Opportunities ◽  
Development Concept ◽  
Eastern European Countries

The purpose of the study was to analyze and present the position of the Central and Eastern European Countries (CEECs) in terms of levels of sustainable development concept implementation in the years 2010–2016. The second purpose and the added value of the conducted research was to identify the selected opportunities and challenges related to sustainable development in the CEE countries. The research was based on 66 indicators that monitored the Sustainable Development Goals (SDGs) from the global perspective. Eurostat (database: sustainable development indicators) was the source of data in terms of their availability and integrity. Implementation of the concept of sustainable development was assessed using the synthetic measure of development (SMD). The past and current socioeconomic situation in the group of CEE countries is presented in the introduction. The theoretical aspects of sustainable development are discussed, taking into account social, economic, environmental, spatial, as well as institutional and political areas. The concept of integrated order is also considered. The core part of the study presents the research results showing the position of the CEE countries regarding the implementation levels of the sustainable development concept. The value of SMD in individual years is specified for each of the analyzed countries. It was concluded that the situation of all countries improved over the analyzed period of time. Nevertheless, the current situation is not favorable in any of the analyzed countries: However, the Czech Republic and Slovenia are very close to achieving such status. Apart from the aforementioned two countries, in 2016 a moderate situation was observed in Estonia, Hungary, Slovakia, Poland, Lithuania, Latvia, and Croatia. Bulgaria and Romania still remain at a disadvantage, despite having made noticeable progress.

scholarly journals Competitiveness of Selected South-Eastern European Countries in European Union Wood Flooring Market

2020 ◽  
Vol 71 (3) ◽  
pp. 281-288
Author(s):  
Branko Glavonjić ◽  
Aleksandra Lazarević ◽  
Leon Oblak ◽  
Miljan Kalem ◽  
Predrag Sretenović
Keyword(s):  
European Union ◽  
Growth Index ◽  
European Countries ◽  
Total Production ◽  
Eastern European ◽  
The European Union ◽  
South Eastern ◽  
Wood Flooring ◽  
Eastern European Countries ◽  
The Impact

Selected South-Eastern European countries (SEEC - Albania, Bosnia and Herzegovina, Croatia, Montenegro, North Macedonia, Serbia and Slovenia) represent significant producers and exporters of wood flooring in Europe. In 2018, 9.4 % of Europe’s wood flooring production originated from this region. The region is a net exporter of wood flooring since it exports over 50 % of total production. The most important market for the export of wood flooring is the European Union with a share of over 60 % in total exports. Trends in this market are important for manufacturers and exporters from the region. Therefore, the analysis of the impact of the European Union imports on wood flooring production in the SEEC was conducted by application of econometric modelling. The parameters of the obtained model show that the increase of approximately 0.75 % could be expected in the production of wood flooring in selected South-Eastern European countries for each precentral increase in the European Union imports. In addition to these results, the paper presents the analysis of the competitiveness of wood flooring export from the region measured by the Competitiveness Growth Index (RCA1). The aim of this analysis was to quantify the level of their price and non-price competitiveness in the European Union market. Conducted analyses show that the Competitiveness Growth Index (RCA1) had positive values (higher than one) for most significant countries from the SEEC for most of the observed period.

The Rise of Youth Unemployment and Youth NEETs in the CEECs After the 2008 Crisis

2020 ◽  
pp. 1-32
Author(s):  
Selda Gorkey
Keyword(s):  
Labor Market ◽  
Economic Crisis ◽  
Slovak Republic ◽  
Youth Unemployment ◽  
European Countries ◽  
Eastern European ◽  
Structural Problems ◽  
Eastern European Countries ◽  
Labor Underutilization ◽  
The Impact

This study examines the impact of the 2008 economic crisis on youth unemployment and NEETs in the Central and Eastern European Countries (CEECs). It also analyses structural labor market problems in these economies such as youth unemployment by duration and skill, labor underutilization, and mismatch. The findings show that youth unemployment and NEET rates were more sensitive to the crisis in the CEECs compared to those in the EU-28. The highest increases were experienced in Latvia, Lithuania, Estonia, and Croatia for youth unemployment; and in Bulgaria, Latvia, Croatia, and Romania for youth NEETs. The NEET rates of 15-29 ages emerged as a more crucial issue than that of 15-24 ages. The examination of labor market structural problems shows that most of the relevant proxies worsened after the crisis in the CEECs; however, the proxies for Croatia were higher than the others. Romania, Bulgaria, and Slovak Republic also signal some structural problems, to a lesser extent.

scholarly journals   Agro-food exports variety from the Central and Eastern European countries

2012 ◽  
Vol 58 (No. 1) ◽  
pp. 1-9
Author(s):  
Š. Bojnec ◽  
I. Fertő
Keyword(s):  
Value Added ◽  
Food Product ◽  
Product Variety ◽  
Eu Enlargement ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Eastern European Countries ◽  
The Impact ◽  
The Eu

This paper analyses the agro-food exports variety from twelve Central and Eastern European countries (CEECs) to the European Union (EU) during the years 1995–2007. The panel regression models explain the agro-food exports by its previous year, income in the importing EU countries, and measure of agro-food export product variety, while the real exchange rate appreciation of the CEEC currencies has negatively influenced agro-food exports. The EU enlargement with the reduction in agricultural protection and the borderless single market has induced agro-food export increases in primary agricultural produce and intermediate food-processed products, but less in higher value-added food-processed differentiated products. The impact of increased number of CEECs agro-food product varieties on agro-food export to the EU is positive.  

scholarly journals Achieving sustainable development: A baseline analysis of Western and Eastern European countries

R-Economy ◽  
2021 ◽  
Vol 7 (1) ◽  
pp. 18-27
Author(s):  
Yana Lopatkova ◽  
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
European Countries ◽  
Eastern European ◽  
The Sustainable Development ◽  
Development Goals ◽  
Western European ◽  
Eastern European Countries ◽  
Global Agenda ◽  
T Distribution

Relevance. Sustainable development is now an increasingly important topic on the global agenda, which received much attention in connection with the adoption of the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs). Research objectives. The article aims to contribute to the understanding of sustainability expansion and SDGs achievement in Europe by comparing the differences between Western and Eastern European countries. Data and methods. The study relies on descriptive statistics and comparative analysis of sustainable development results in Western (18) and Eastern European (21) countries. The parametric Student's t-distribution test and non-parametric U Mann-Whitney test were used to examine the significance of the differences between Western and Eastern European countries. Results. Sustainable development in Eastern and Western European countries is affected by various economic, social and environmental processes. The SDGs in Western European countries is achieved mostly in the social and economic spheres while in the Eastern European countries, in social and environmental spheres. Although Europe leads globally on sustainability, it still faces significant challenges in reaching the SDGs. Conclusions. European countries are compared in order to identify the main SDGs directions and constraints in the current state of sustainability achievement. Research findings can be useful for adjustment of the integrated sustainable development strategy at the global and national levels.

Sign in / Sign up

Export Citation Format

Share Document