The effect of the cabinet’s ideological composition on economic growth in the Visegrád countries

2021 ◽  
pp. 1-16
Author(s):  
Ivan Bielik
Keyword(s):  
Economic Growth ◽  
Visegrád Countries

scholarly journals Foreign direct investment as a stimulant in productivity convergence process between Visegrad Countries and UE-15

2017 ◽  
Vol 6 (326) ◽  
Author(s):  
Liwiusz Wojciechowski
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Foreign Capital ◽  
Value Added ◽  
Developed Countries ◽  
Real Convergence ◽  
Convergence Process ◽  
Savings Rate ◽  
Visegrád Countries

The explanation of reasons and degree of differentiation of wealth between countries remains an important issue in economics today. Theories of economic growth are focused principally on the identification of the long-term determinants of diversification of sources and economic growth, which in turn is associated with the notion of real convergence. Given the supply role of foreign capital that impacts on the economy, in the face of dynamic inflow of foreign direct investment (FDI) into developing countries’ economies, it seems reasonable to include it in convergence process modelling, especially in the modelling of the convergence of productivity. The productivity of the economy is in fact determined by the size of the capital accumulation (both domestic and foreign), savings rate and a number of other conditions. The author hypothesized that the presence of FDI contributes to the acceleration of pace of real convergence between Visegrad countries and EU-15. In this study we estimate interactions between FDI and productivity at both national and NACE level in the years 2000–2014. We concider, in panel data form, among others, productivity in terms of gross value added per employee, degree of penetration of FDI in the economy of the host country. Results suggest conditional β-convergence of productivity existence however they vary across countries, sectors and time. The analysis provides recommendations regarding the arguments for the sectoral policy aimed at encouraging foreign capital to increase its involvement, focusing on reducing productivity gap between the developing and developed countries belonging to European Union.

scholarly journals The Role of the Key Components of Renewable Energy (Combustible Renewables and Waste) in the Context of CO2 Emissions and Economic Growth of Selected Countries in Europe

Energies ◽  
2021 ◽  
Vol 14 (8) ◽  
pp. 2034
Author(s):  
Shahjahan Ali ◽  
Shahnaj Akter ◽  
Csaba Fogarassy
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Co2 Emissions ◽  
Energy Production ◽  
Negative Impact ◽  
Biomass Energy ◽  
Gdp Growth ◽  
Eu Countries ◽  
Per Capita ◽  
Visegrád Countries

In the case of developing countries, it is not clear which crisis management tools will ensure sustainable development in a sustainable and environmentally friendly way, as well as reducing CO2 emissions in addition to ensuring GDP growth. The next analysis discusses the details of this issue. The study explores the connection between per capita GDP, emission of CO2, combustible energy, and waste consumption. The Hausman test ratifies that the regression model with the fixed effect is the proper method for the panel balanced data from 1990 to 2019 in the selected 13 countries of the EU. This study ordered the data into three categories (for 13 selected countries, the top nine EU countries (in GDP), and Visegrad countries (Hungary, Slovakia, Czech Republic and Poland)). The study found a significant positive effect of combustible energy and waste consumption and the negative impact of CO2 emission on GDP per capita. The cointegration test confirms that all three variables are cointegrated. This implies a long-term link among all three variables in the context of all three types of the selected panel. The Granger causality results ensure that there is a two-way cause–effect relation between the variables. The study strongly recommends that developed European Union countries (the top nine EU countries) increase energy production from biomass-based renewable energy and waste to stimulate economic growth. The same strategy was not recommended in the Visegrad countries because of the much lower GDP growth due to the N-shaped Kuznets curve. In these countries, it is advisable to avoid unexpected increases in CO2 emissions from biomass and fossil fuel-burning, to achieve greenhouse gas reductions using other circular, platform-based models instead of simple biomass energy production. Due to the low level of energy efficiency and the lack of application of technological innovation, the energy use of biomass can significantly slow down GDP growth in less developed EU countries (such as the V4 countries).

scholarly journals Defence spending and economic growth in the Visegrad countries

2020 ◽  
Vol 67 (4) ◽  
pp. 539-556
Author(s):  
Grzegorz Waszkiewicz
Keyword(s):  
Economic Growth ◽  
Theoretical Aspect ◽  
Short Term ◽  
Defence Spending ◽  
Defence Sector ◽  
The Impact ◽  
Empirical Approaches ◽  
Visegrád Countries ◽  
Do So

This paper aims to consider the impact of military outlays on economic stance in several states in Central Europe. Therefore, we attempted to search the long- and short-range causality between defence spending and economic growth in the Visegrad countries through analysing general values (total spending approach), as well as outlay distribution in the defence sector (spending division approach). To do so, we first presented the theoretical aspect of the problem, as well as the trends in military spending of the considered states since 1993. Second, we reviewed international results of empirical examinations in this area. Then we examined causalities among variables on the grounds of VAR methodology. We did not validate the long-term causality between defence spending and economic growth in the Visegrad countries. Nonetheless, we confirmed several short-term relationships in both empirical approaches.

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