Factors affecting the international competitiveness of polish economy system in 2004-2019

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Konrad Rojek
Keyword(s):  
Econometric Model ◽  
Negative Impact ◽  
Economic Effect ◽  
International Competitiveness ◽  
Gdp Per Capita ◽  
Content Type ◽  
Per Capita ◽  
The Government ◽  
Polish Economy ◽  
The Impact

Purpose This study aims to present the issue of the international systemic competitiveness of the Polish economy. The essence of this concept was shown, as well as the measures and methods of analysis used. The aim of the research was to identify the factors that had the greatest impact on the formation of the international systemic competitiveness of the Polish economy. Design/methodology/approach An econometric model was constructed to explain the shaping of the value of the dependent variable (gross domestic product [GDP] per capita) in the years 2004–2019. For this purpose, explanatory variables were used selected from among the measures of the international systemic competitiveness of the Polish economy. The developed econometric model was verified to check its practical usefulness. This process was performed using the Gretl program. The research also used the Pentagon Model of Macroeconomic Stabilization, which was used to examine the general economic development of Poland because of which it is possible to conclude about the international systemic competitiveness of the economy. Findings In the analyzed period (2004–2019), the international systemic competitiveness of the Polish economy was to the greatest extent conditioned by such factors as government integrity, tax burdens and investment freedom. It is significant that the integrity of the government had a negative impact on the value of GDP per capita. Practical implications The results of the conducted research may be particularly useful for the institutional sphere. They indicate systemic factors that had the greatest impact on the prosperity of Polish society in the analyzed period. This enables the weakest elements of the policy to be identified and improved. Proper applications and appropriate corrective actions will have a positive economic effect. Originality/value So far, it has not been possible to develop/indicate a uniform and generally accepted measure and method of analyzing international systemic competitiveness. Therefore, all attempts to assess and measure systemic competitiveness have a high research value. The vast majority of studies on the international competitiveness of the economy focus only on assessing its level (growth, decline and comparison with other countries). When building an econometric model (based on the 2004–2019 time series), the author also checks the impact of its individual components, not only its level. On this basis, it can be deduced, which factors influenced the competitiveness in a given period to a greater extent, positively or negatively.

scholarly journals Non-Price Criteria for the Evaluation of the Tender Offers in Public Procurement of Ukraine

2020 ◽  
Vol 8 (3) ◽  
pp. 44
Author(s):  
Alexander Baranovsky ◽  
Nataliia Tkachenko ◽  
Vladimer Glonti ◽  
Valentyna Levchenko ◽  
Kateryna Bogatyrova ◽  
...  
Keyword(s):  
Public Procurement ◽  
Well Being ◽  
Gdp Per Capita ◽  
Tender Offers ◽  
Product Categories ◽  
Per Capita ◽  
The Government ◽  
The Impact ◽  
Over Time ◽  
The Eu

Traditionally, public procurement has been associated with the measurement of achieving savings. However, recent research shows that the economic impact of public procurement is not limited only to savings, but by measuring the impact of four capitals—natural, human, social, and economic—on sustainable well-being over time. Ukraine is a country with a very low gross domestic product (GDP) per capita, which exacerbates the problem of the impact of public procurement results on the population’s welfare. Ukrainian public procurement legislation allows customers to apply non-price criteria (the share of non-price criteria cannot be more than 70%), which, together, are taken into account in the formula of the quoted price. The studies show that the effect of the use of non-price criteria depends on the relevance of the method of the evaluation of non-price criteria. The most important non-price criteria for Ukrainian customers by product categories and the methods of their evaluation are analyzed according to the Bi.prozorro.org analytics module. Therefore, it is concluded that the quoted price method, which is used in Ukrainian practice, is not relevant in comparison with the method used in the EU. A survey of the government buyers on the practice of applying non-price criteria was conducted, and the areas of their use were identified.

Oil will challenge fragile institutions in Guyana

2019 ◽  
Keyword(s):  
Government Spending ◽  
Resource Curse ◽  
High Impact ◽  
Balance Of Payments ◽  
Dutch Disease ◽  
Gdp Per Capita ◽  
Content Type ◽  
Impact Risk ◽  
Per Capita ◽  
The Government

Significance Guyana, hitherto a non-oil producing state, will produce growing volumes of crude oil. This will bring a range of consequences, potentially both positive and negative. It will see Guyana's GDP per capita soar, its balance of payments improve and the government’s income grow. However, it will also face so-called ‘resource curse’ risks, including economic distortions, corruption, wasteful government spending, ’Dutch disease’ and potentially even geopolitical complications. Impacts The government will struggle to manage expectations and use an unprecedented inflow of revenues to best advantage. Guyana’s new-found wealth could inflame tensions with neighbouring Venezuela, which claims much of its territory. There is a low but potentially high-impact risk that serious confrontation with Venezuela could bring in other players.

The long run impact of immigration on labor market in an advanced economy

2015 ◽  
Vol 42 (4) ◽  
pp. 356-367
Author(s):  
Faridul Islam ◽  
Saleheen Khan
Keyword(s):  
Labor Market ◽  
Gdp Per Capita ◽  
Advanced Economy ◽  
Content Type ◽  
Dynamic Relationship ◽  
Long Run ◽  
The Usa ◽  
Short Run ◽  
Per Capita ◽  
The Impact

Purpose – The purpose of this paper is to examine the dynamic relationship among immigration rate, GDP per capita, and and real wage rates in the USA. Design/methodology/approach – The paper implements the Johansen-Juselius (1990, 1992) cointegration technique to test for a long-run relationship; and for short-run dynamics the authors apply Granger causality tests under the vector error-correction model. Findings – The results show that the long-run causality runs from GDP per capita to immigration, not vice versa. Growing economy attracts immigrants. The authors also find that immigration flow depresses average weekly earnings of the natives in the long-run. Originality/value – The authors are not aware of any study on the USA addressing the impact of immigrants on labor market using a tripartite approach by explicitly incorporating economic growth. It is therefore important to pursue a theoretically justified empirical model in search of a relation to resolve on apparent immigration debate.

The role of governance in economic development

2014 ◽  
Vol 41 (12) ◽  
pp. 1265-1278 ◽  
Author(s):  
Muhammad Azam ◽  
Chandra Emirullah
Keyword(s):  
Economic Growth ◽  
Inflation Rate ◽  
Gdp Per Capita ◽  
Dependency Ratio ◽  
Control Variables ◽  
Content Type ◽  
The Pacific ◽  
Per Capita ◽  
Openness To Trade ◽  
The Impact

Purpose – The purpose of this paper is to explore the impact of corruption as an important element of weak governance, with control variables such as inflation rate, openness to trade and dependency ratio on gross domestic product (GDP) per capita income of nine selected countries in Asia and the Pacific. Design/methodology/approach – This study is based on an annual panel data covering the period from 1985 to 2012, and a simple multiple regression for empirical investigation is used. Both fixed effects and random effects models were used as analytical techniques. Findings – The study reveals that both corruption and inflation rate are negatively related to GDP per capita and are statistically significant. As to the impacts of the control variables i.e., dependency ratio is found to be negative and openness to trade to be statistically significant which shows a positive impact on GDP per capita. Practical implications – The results resoundingly confirmed the importance of good governance, therefore, reducing endemic corruption and controlling inflation needs to be among the foremost factors for consideration for policymakers in adopting and implementing macroeconomic and public policies. In order to be most effective in tackling corruption, it is important to get to the root of the problem. In light of the study findings, it is suggested that corruption need to be put under control and economies be made more open to attain more benefits and accelerate economic growth and development. Originality/value – Explicitly, this study provides some valuable evidence on the linkage between endemic corruption and economic growth in some Asia and the Pacific countries in particular and on developing world in general. Presumably, this is the first inclusive investigation on the subject under the study in the context of Asia and the Pacific countries and will emphatically contribute to the literature as well.

The impact of political connection and risk committee on corporate financial performance: evidence from financial firms in Malaysia

2020 ◽  
Vol 20 (7) ◽  
pp. 1281-1305
Author(s):  
Redhwan Aldhamari ◽  
Mohamad Naimi Mohamad Nor ◽  
Mourad Boudiab ◽  
Abdulsalam Mas'ud
Keyword(s):  
Negative Impact ◽  
Market Performance ◽  
Political Connection ◽  
Close Link ◽  
Content Type ◽  
Financial Firms ◽  
Principle Components Analysis ◽  
Risk Committee ◽  
The Government ◽  
The Impact

Purpose This study aims to examine the association between the effectiveness of risk committee (RC) and firms’ performance in Malaysian context. It also explores whether political connection has an impact on the relationship. Design/methodology/approach This study, using a principle components analysis, derives a factor score for RC attributes to proxy the effectiveness of RC. It also uses both accounting and market performance to measure the company performance. Findings Using a sample of financial firms from 2004 to 2018, this study finds that both accounting and market performance are higher for firms with an effective RC. It also finds that the effectiveness of RC in monitoring and management of risks is more pronounced for politically connected firms (PCFs). In further tests, the paper finds that RC attributes (i.e. RC independence, qualification and gender) are positively and significantly associated with accounting performance, while those of RC existence and overlap are positively and significantly related to market performance. The study also finds that RC size (RC diligence) has a positive (negative) impact on financial firms accounting and market performance. The further analysis also shows that PCFs with a separate as well as larger RCs experience both higher accounting and market performance. This study’s results are robust for concerns of endogeneity. Practical implications The findings of this study resolve the ongoing debates surrounding political connection by suggesting financial firms not to have politically connected board members as doing so may deteriorate their performance. This study’s results are also useful for investors, regulators and policymakers. Originality/value To the best of the authors’ knowledge, this study, for the first time, introduces on the interaction term between the effectiveness of RCs and political connection to empirically explore how an effective RC may reduce the potential risk of political ties. As such, this study adds to the literature and sheds light on an aspect of risk (i.e. risk stems from establishing close link with the government) that is growing in importance.

scholarly journals Association between Economic Development Level and Tuberculosis Registered Incidence in Shandong,China

2020 ◽  
Author(s):  
Qianyun Zhang ◽  
Dongmei Yang ◽  
Linqing Cao ◽  
Jinyue Liu ◽  
Ningning Tao ◽  
...  
Keyword(s):  
Economic Development ◽  
Regression Coefficient ◽  
Negative Impact ◽  
Significance Test ◽  
Shandong Province ◽  
Medical Expenditure ◽  
Economic Factors ◽  
Per Capita ◽  
The Government ◽  
The Impact

Abstract Background : Tuberculosis (TB) is one of the major infectious diseases that seriously endanger people's health.In Shandong province, the relationship between the level of economic development and TB incidence has not been studied.This study aims to provide more research basis for the government to prevent and control TB by exploring the impact of different economic factors on TB incidence. Methods : By constructing threshold regression model (TRM),we described the extent to which different economic factors contribute to TB registered incidence and differences in TB registered incidence among seventeen cities with different levels of economic development in Shandong province, China, during 2006-2017. Data were retrieved from the China Information System for Disease Control and Prevention. Results: Per capita medical expenditure（regression coefficient，-0.0314462；SD，0.0079305；P>|t|，0.000）and per capita savings（regression coefficient，0.0001924；SD，0.0000566；P>|t|，0.001） passed the significance test at the level of 1%.They are the two economic indicators that have the greatest impact on TB registered incidence.Through the threshold test, we selected the per capita savings as the threshold variable.In the three stages of per capita savings(＜9772.8086 China Yuan(CNY)；9772.8086 - 33835.5391 CNY；＞33835.5391 CNY), rural per capita income always has a significant negative impact on the TB registered incidence (The regression coefficients are -0.0015682, -0.0028132 and -0.0022253 respectively.P is 0.007,0.000 and 0.000 respectively.).In cities with good economies,TB registered incidence was 38.30% in 2006 and dropped to 25.10% by 2017. In cities with moderate economies, TB registered incidence peaked in 2008 at 43.10% and dropped to 27.1% by 2017.In poorer cities, TB registered incidence peaked in 2008 at 56.30% and dropped to 28.9% in 2017. Conclusion: We found that per capita savings and per capita medical expenditure are most closely related to the TB incidence. Therefore, relevant departments should formulate a more complete medical system and medical insurance policy to effectively solve the problem of "difficult and expensive medical treatment". In order to further reduce the TB incidence, in addition to timely and accurate diagnosis and treatment, it is more important for governments to increase investment in medicine and health care.

Perceived vulnerability of job loss and satisfaction with life in the hospitality sector in times of pandemic: a multi-mediational approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nidhi Singh ◽  
Shikha Bhatia ◽  
Shailendra Nigam
Keyword(s):  
Job Loss ◽  
Satisfaction With Life ◽  
Negative Impact ◽  
Well Being ◽  
Cross Sectional ◽  
Content Type ◽  
Perceived Vulnerability ◽  
Hospitality Sector ◽  
The Government ◽  
The Impact

Purpose The COVID-19 pandemic has severely impacted business and viability of firms in the hospitality sector. This paper aims to examine the impact of perceived vulnerability of employees in this sector related to job loss and satisfaction with life. Additionally, it tests whether the impact is reduced for an individual possessing high emotional and financial well-being. Design/methodology/approach This study uses cross-sectional data obtained through a survey of 312 hospitality sector employees. Using PLS-SEM, hypothesized relationships between constructs are tested. Findings Perceived vulnerability of job loss negatively impacts satisfaction with life; however, this negative impact gets significantly reduced in the presence of emotional and financial well-being. Research limitations/implications The results provide an impetus to focus on emotional and financial well-being to reduce employees’ vulnerabilities and improve their life satisfaction. In the absence of specific relief programs by the Government and with reduced business activity, employers need to look for innovative ways for ensuring their own sustenance and employee well-being. Originality/value This study is one of the initial works on examining how perceived vulnerability of job loss induced by the pandemic on hospitality sector employees’ impacts their satisfaction with life. It also makes a novel attempt to examine emotional well-being and financial well-being, as mediators in this relationship.

The impact of financial inclusion on economic development: the mediating roles of gross savings, social empowerment and economic empowerment

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rajib Chakraborty ◽  
Rebecca Abraham
Keyword(s):  
Economic Development ◽  
Financial Inclusion ◽  
Gdp Per Capita ◽  
Primary Data ◽  
Equation Modeling ◽  
Economic Empowerment ◽  
Content Type ◽  
Per Capita ◽  
The Impact ◽  
Social Empowerment

PurposeThe purpose of this paper is to measure the impact of financial inclusion on economic development.Design/methodology/approachStudy 1 used World Bank Data to develop financial inclusion percentages of ownership of checking accounts, savings accounts, debit cards and loans for 179 countries among the poorest 40% of the population, from 2011–2017. Regressions established the financial inclusion, gross savings and GDP per capita growth linkage. Study 2 created and validated scales to measure social empowerment, economic empowerment and economic development, among inhabitants of Bangladesh villages. Structural equation modeling measured the mediation by social empowerment and economic empowerment of the financial inclusion and economic development linkage.FindingsTotal financial inclusion was significantly explained by gross savings, which was significantly explained by GDP per capita growth. Ownership of a checking account significantly increased gross savings, while ownership of a savings account significantly increased GDP per capita growth. Ownership of a checking account differentiated countries with the highest 5% of gross savings, while ownership of a debit card significantly differentiated countries with the GDP per capita growth. Social empowerment and economic empowerment significantly mediated the financial inclusion and economic development relationship.Originality/valueThe study is unique in examining financial inclusion from a multi country, macroeconomic perspective combined with measurement of its theoretical underpinnings through a primary data-based sample extracted from respondents in Bangladesh, a lower middle-income country in Southeast Asia.

FCTC Ratification, Smoking Prevalence and GDP per Capita : Lesson Learn for Indonesia

2021 ◽  
Author(s):  
Abdillah Ahsan ◽  
Rifai Afin ◽  
Nadira Amalia ◽  
Martha Hindriyani ◽  
Ardhini Risfa Jacinda
Keyword(s):  
Tobacco Control ◽  
Smoking Prevalence ◽  
Tobacco Industry ◽  
Well Being ◽  
Least Square ◽  
Gdp Per Capita ◽  
Country Level ◽  
Per Capita ◽  
The Government ◽  
The Impact

Abstract Background The stagnated tobacco control progress in Indonesia needs to be accelerated through a more comprehensive implementation of Framework Convention of Tobacco Control (FCTC) measurement. Nevertheless, the tobacco industry argument concerning the negative economic impacts of tobacco control still hinders the government to ratify or even sign the FCTC, which has been ratified by more than 180 countries. This study aims to bring the empirical evidence on the tobacco industry argument concerning FCTC. This study applied two stage least square estimation strategy to unbalanced panel data at country level. On the first stage we estimate the impact FCTC ratification on smoking activity, and on the second step, estimating the influence of smoking activities on macroeconomic performance.Results The result of this study shows that FCTC ratification is negatively related to a country’s smoking prevalence, in which the ratifying party of FCTC has lower smoking prevalence. Moreover, country who ratifies FCTC longer is also associated with lower smoking prevalence. Whereas FCTC ratification is beneficial in reducing smoking prevalence, the declining smoking prevalence is not related to the decline in GDP per capita.Conclusions The result of this study shows the decrease in smoking prevalence has nothing to do with the macroeconomic indicator. Hence, FCTC ratification, which is an important driver for tobacco control actions acceleration, should not be seen as a backfire to the economy. Instead, FCTC ratification could be mutually beneficial for the health and economic aspects as it provides comprehensive guidance and protocols by taking into account the well-being states of both aspects.

Exploring the long-run relationship between financial inclusion and agricultural growth: evidence from Pakistan

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Usman Farooq ◽  
Fu Gang ◽  
Zhenzhong Guan ◽  
Abdul Rauf ◽  
Abbas Ali Chandio ◽  
...  
Keyword(s):  
Negative Impact ◽  
Financial Inclusion ◽  
Small Scale ◽  
Content Type ◽  
Agricultural Growth ◽  
Distributed Lag ◽  
Long Run ◽  
Integration Test ◽  
The Government ◽  
The Impact

PurposeThis study aims to investigate the long-run relationship between financial inclusion and agricultural growth in Pakistan for the period of 1960–2018.Design/methodology/approachThe autoregressive distributed lag (ARDL) approach, the Johansen co-integration test and the dynamic ordinary least squared (DOLS) method are used for the evaluation.FindingsThe results show that in both short- and long run, domestic credit has a significantly negative impact on the agricultural growth, while broad money and cropped area positively affected the agricultural growth in Pakistan in both cases.Practical implicationsThe government and policymakers need to develop strategies that bring together agriculturalists on a single platform so that the government can clearly distinguish the interests of these farmers and can obtain precise information for allocating agricultural expenditure and easing access to credit for small-scale agriculturalists.Originality/valueThis is the first study to evaluate the impact of financial inclusion on the agricultural growth in Pakistan by using different econometric techniques, including the ARDL-bound approach, Johansen co-integration test and DOLS method.

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