scholarly journals Utjecaj plaća na tržište rada u Republici Hrvatskoj

2020 ◽  
Vol 10 (2) ◽  
pp. 115-126
Author(s):  
Stela Prvonožec
Keyword(s):  
Economic Growth ◽  
Labour Market ◽  
Labour Productivity ◽  
Standard Of Living ◽  
Eastern European ◽  
Economic Policies ◽  
Structural Problems ◽  
The Difference ◽  
The Republic ◽  
Eastern European Countries

Labour market, value of wages and standard of living are inextricably linked determinants of economic development. Croatian GDP, living standards and purchasing power of the population are among the lowest in Europe. Wage growth in Croatia is present, but, as in most Central and Eastern European countries, it is not accompanied by an increase in labour productivity. The majority of the income of the Croatian population is spent on food, which is associated with low productivity of the economy. There is a significant dependence on social transfers in the structure of the household income, which, for a significant share of the population, represent the difference between poverty and relatively normal life. Croatia has failed to create economic models that enable economic growth through technological progress and strengthening of labour productivity. In order to improve the standard of living in the Republic of Croatia, it is necessary to solve the structural problems present in the labour market and create economic policies that encourage economic growth. This paper analyses the relationship between the value of wages, labour market and standard of living in the Republic of Croatia. The hypothesis is that structural problems in the Croatian labour market affect the value of wages, and consequently the standard of living of Croatian citizens. The aim of this paper is to analyse the structural problems on the labour market in Croatia and their impact on the value of wages. The purpose of this paper is to point out the importance of an efficient labour market in the national economy of the Republic of Croatia.

scholarly journals “Non-Union State”: the Republic of Belarus in the memory wars of Eastern Europe

2021 ◽  
pp. 66-84
Author(s):  
Andrei Aleksandrovich Linchenko
Keyword(s):  
Eastern Europe ◽  
European Countries ◽  
Political Regime ◽  
Eastern European ◽  
Non Union ◽  
The Difference ◽  
The Republic ◽  
Eastern European Countries ◽  
Post Communism ◽  
Methodological Aspects

The subject of this research is the position of Belarus in the memory wars of Russia and Eastern European countries of the two recent decades. Based on P. Bourdieu’s theory of symbolic power, as well as comparative analysis of the key stages of the historical politics of Russia and Belarus as the members of the Union State, the author explores the causes and peculiarities of electoral neutrality of Belarus in the memory wars of Russia and Eastern European countries. Analysis is conducted on the theoretical-methodological aspects of the concept of “memory wars”. Content analysis of the relevant research reveals the specificity of the Belarusian case with regards to correlation between domestic and foreign historical politics. The specificity of the forms of post-Communism that have established in Russia and Belarus, the difference in the pace of historical politics of the last three decades, as well as the evolution of the political regime of Alexander Lukashenko contributed to the formation of peculiar position of the Republic of Belarus in the memory confrontation between Russia and its Eastern European neighbors. The internal manifestation of such position was the desire to displace the conflicts between memory communities in the republic, the movement of memory to the periphery of cultural-information space, while the external manifestation was strive for electoral neutrality (memory isolationism) in the memory wars in Eastern Europe. Such position is aimed not so much at supporting Russia’s memory initiatives, but at solving the relevant political and economic challenges, using historical politics as the instrument for promoting the own interests.

Military Expenditures and Economic Growth in Central and Eastern EU Countries: Evidence from the Post-Cold War Era

2017 ◽  
Vol 25 (3) ◽  
pp. 453-462 ◽  
Author(s):  
Mert Topcu ◽  
İlhan Aras
Keyword(s):  
Economic Growth ◽  
Panel Cointegration ◽  
Eastern European ◽  
The European Union ◽  
New Members ◽  
Post Cold War ◽  
Long Run ◽  
Short Run ◽  
Military Expenditures ◽  
Eastern European Countries

Although the relationship between military expenditures and economic growth is well documented for the old members of the European Union, empirically little is known for the new members. Thus, the goal of this paper is to investigate the economic impact of military expenditures in Central and Eastern European countries employing panel cointegration and causality methods for the period 1993–2013. Findings indicate that the variables in question do not move together in the long run and the direction of causality in the short run is from economic growth to military expenditures. The implications of the results for international relations are discussed.

scholarly journals Does Renewable Energy Matter for Economic Growth in Central and Eastern European Countries? Empirical Evidence from Heterogeneous Panel Cointegration Analysis

2021 ◽  
Vol 31 (1) ◽  
pp. 34-59
Author(s):  
Olimpia Neagu ◽  
Cristian Haiduc ◽  
Andrei Anghelina
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Empirical Evidence ◽  
Panel Cointegration ◽  
Cointegration Analysis ◽  
Eastern European ◽  
Renewable Energy Consumption ◽  
Eastern European Countries ◽  
Heterogeneous Panel

AbstractThe aim of the paper is to provide empirical evidence in support of the relationship between renewable energy consumption and economic growth in eleven Central and Eastern European (CEE) countries over the period 1995-2015 within a multivariate panel data analysis. Based on World Bank data, the panel cointegration analysis reveals that renewable energy consumption and economic growth are positively associated in the long run in CEE countries. The heterogeneous panel causality test indicates a bi-directional causality relationship in support of the feedback hypothesis between economic growth and renewable energy consumption in Central and Eastern European countries.

scholarly journals Patterns of Interrelationships between Inflation, R&D, Innovation, and Economic Growth: Evidence from Central and Eastern European Countries

2020 ◽  
Vol 22 (2) ◽  
pp. 5-33
Author(s):  
Ljubivoje Radonjić ◽  
◽  
Nevena Veselinović ◽  
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Primary Objective ◽  
Output Growth ◽  
European Countries ◽  
Eastern European ◽  
Innovation Activities ◽  
Private And Public ◽  
Eastern European Countries ◽  
The Impact

The primary objective of the article is to examine the nexus between inflation, R&D, patents, and economic growth within a group of Central and Eastern European countries (CEECs). The examination is conducted in two parts. First, the impact of total R&D expenditures on economic growth is observed, as well as the influence of growth on private and public R&D investments. Second, the conversion from private and public R&D investment to innovation, measured by the number of patents, is observed. Throughout the analysis, economic growth and inflation are representative of macroeconomic stability. The outcomes of the panel auto-regressive distributed lag estimation indicate that total R&D expenditures are essential and positively significant for economic growth in the observed countries. The results also show that output growth has a remarkably positive impact on generating private R&D expenditures. Such an influence is also found, but at a weaker level, in the case of public R&D expenditures. In this part of the analysis, inflation has demonstrated a harmful influence on R&D expenditures. The results of the second part indicate that public and private R&D expenditures, at a significant level, generate innovation activities, while the impact of inflation has proven to be unimportant.

scholarly journals Benchmarking Analysis of Factors Influencing Container Traffic in the Port of Rijeka

Pomorstvo ◽  
2019 ◽  
Vol 33 (2) ◽  
pp. 119-129
Author(s):  
Antonija Petrlić ◽  
Nataša Pavletić
Keyword(s):  
Maritime Transportation ◽  
Eastern European ◽  
Competitive Advantages ◽  
The North ◽  
Overall Performance ◽  
The Republic ◽  
Eastern European Countries ◽  
The City ◽  
North Adriatic Sea ◽  
Economic Function

Traditionally, ports have been regarded as hubs responsible for the reception of ships and passengers, but nowadays they have a much wider economic function, being clusters of various activities directly or indirectly linked to maritime transportation and seaborne trade, among which container traffic is the most important segment. The Port of Rijeka as the largest Croatian cargo port, positioned in the North Adriatic Sea, has exceptional but not fully exploited opportunities for further economic development of importance not just for the port and the city but for the Republic of Croatia as well. In addition, its geostrategic position makes it an important international port for Central and South Eastern European countries. The aim of this paper is to investigate and identify the current position of the Port of Rijeka (hereinafter Rijeka) in relation to the container business and, using Benchmarking as the research method, to analyse the established five main factors that have to be taken into consideration where its efficiency is compared to the statistically proven “best container port” in the region – the Port of Koper (hereinafter Koper). The results show significant competitive advantages of the Port of Koper almost in any of the analysed factors. Therefore, recommendations are given for further actions and improvement according to the natural advantages that Rijeka has to utilize in order to enhance its competitiveness and overall performance.

scholarly journals An Empirical Investigation on Determinants of Sustainable Economic Growth. Lessons from Central and Eastern European Countries

2020 ◽  
Vol 13 (7) ◽  
pp. 146 ◽  
Author(s):  
Batrancea Ioan ◽  
Rathnaswamy Malar Mozi ◽  
Gaban Lucian ◽  
Fatacean Gheorghe ◽  
Tulai Horia ◽  
...  
Keyword(s):  
Economic Growth ◽  
Direct Investment ◽  
Time Frame ◽  
Valuable Insight ◽  
Eastern European ◽  
Domestic Capital ◽  
Domestic Savings ◽  
Macroeconomic Indicators ◽  
Eastern European Countries ◽  
Sustainable Economic Growth

The study focuses on the effects of imports, exports, financial direct investment inflow and financial direct investment outflow on sustainable economic growth expressed by various macroeconomic indicators (gross domestic product, gross domestic savings, gross domestic capital) using the least squares panel method. Sample data were selected for ten Central and Eastern European (CEE) countries and the time frame considered was 2005–2016. Generally, transitional economies have to incorporate strong savings and a steady capital formation in order to achieve higher economic growth via foreign direct investment. Results showed that the analyzed factors played a major role in the sustainable economic growth of CEE countries. Another important and valuable insight of this study is that the financial sector steers the process of achieving sustainable economic growth across CEE countries.

scholarly journals Exploring Foreign Direct Investment–Economic Growth Nexus—Empirical Evidence from Central and Eastern European Countries

2019 ◽  
Vol 11 (19) ◽  
pp. 5421 ◽  
Author(s):  
Ștefan Cristian Gherghina ◽  
Liliana Nicoleta Simionescu ◽  
Oana Simona Hudea
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Institutional Quality ◽  
European Countries ◽  
Transport Infrastructure ◽  
Eastern European ◽  
Long Run ◽  
Eastern European Countries

This study aims to examine the link between foreign direct investment (FDI) inflows and economic growth, also considering several institutional quality variables, as well as sustainable development goals (SDGs) set in the 2030 Agenda for Sustainable Development. By estimating panel data regression models for a sample of 11 Central and Eastern European countries, from 2003 to 2016, the empirical outcomes provide support for a non-linear relationship between FDI and gross domestic product per capita. Regarding institutional quality, it is found that control of corruption, government effectiveness, regulatory quality, rule of law, and voice and accountability positively influence growth, while political stability and absence of violence/terrorism is not statistically significant. Moreover, SDGs such as poverty, income distribution, education, innovation, transport infrastructure, and information technology are noteworthy drivers of growth. The outcomes of panel fully modified and dynamic ordinary least squares partly confirm the findings. The panel vector error-correction model Granger causalities provide support for a short-run one-way causal association running from FDI to growth and a long-run two-way causal connection among FDI and growth. Furthermore, in the long run, unidirectional causal relationships running from each institutional quality indicator to economic growth and FDI are set out.

scholarly journals Labour productivity and its assessment

2018 ◽  
Keyword(s):  
Labour Market ◽  
New Technologies ◽  
Labour Productivity ◽  
Productive Efficiency ◽  
Investment Climate ◽  
Skilled Workers ◽  
Theoretical Approaches ◽  
Productivity Rate ◽  
Eastern European Countries ◽  
New Institutions

Labour market is one of the most important factors of economic growth, which is mainly determined by labour productivity. Disparity between wage and growth of labour productivity prevents the economies of the Eastern European countries from growing. Despite the radical economic reforms in Eastern Europe, one can still observe high unemployment rate, low labour productivity, deterioration in the quality of labour. New institutions in the labour market are designed to strengthen and adopt formal institutions, promote stable demand for labour and income policy. The article focuses on a critical analysis of theoretical approaches to labour productivity and empirical assessment of productive efficiency in Kharkiv region. State policy on supporting training and education affects the future opportunities for individuals and the ability of firms to enter new markets and adopt new technologies. It is also supposed to facilitate the allocation of labour by its productivity rate as well as help employees to cope with mobility. Improving the regional investment attractiveness goes hand in hand with enhancing human capital. A skilled workforce is essential for firms to adopt new and more productive technologies, and a better investment climate enhances the returns of investment in education. As firms are offered more opportunities and better access to new technologies, the demand for more skilled workers increases and the firms have stronger incentives to get engaged in growth-enhancing activities, which raise both individual and social returns to education. From the investment climate perspective, the main issues are how labour market interventions influence the opportunities and incentives for firms to invest in a productive way, to create jobs and expand operations. Regulations might reduce incentives for attracting new investments, adjusting the organization of work, taking advantage of new technologies, or hiring more employees.

scholarly journals The Role of Fiscal Policy in Human Development: The Pakistan’s Perspective

2012 ◽  
Vol 51 (4II) ◽  
pp. 381-396
Author(s):  
Syed Ammad Ali ◽  
Hasan Raza ◽  
Muhammad Umair Yousuf
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Purchasing Power Parity ◽  
Labour Productivity ◽  
Physical Capital ◽  
Sustainable Growth ◽  
Standard Of Living ◽  
Power Parity ◽  
Life Expectancy At Birth ◽  
Per Capita

Human development considered as the engine of the economic growth as it improves the economy’s strength and increases the standard of living of the people, increases the choices and maximises the welfare of the society that is the prime objective of any government. The development of the human capabilities is also necessary for the sustainable growth, as there are many channels through which human development foster the economic growth. It increases the labour productivity, labour demand, employment and output. On the other hand, human capital also attracts physical capital.1 Empirically, it is very difficult to have an exact measure of human development and social welfare. Several proxies used to measure human development, e.g. GNI per capita as a measure of standard of living, Purchasing Power Parity (PPP) criterion to measure the cost of living and to measure the welfare, average year of schooling, school enrolment rate and health expenditures as a percentage of GDP to capture this composite welfare and development indicator. A fair index of Human Development Index (HDI) was developed by United Nations Development Programme in 1990. This index based on the standard of living (natural logarithm of GDP PPP per capita), access to knowledge (adult literacy rate with two-third weighting and the remaining is the gross enrolment ratio) and a healthy life (life expectancy at birth). The value of index varies from 0 to 1, lower the HDI, lesser would be the human development and welfare in the country or vice versa.

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