Economic freedom and the issue of economic growth in the new EU member states in the years 2010–2014

2017 ◽  
Vol 2 ◽  
pp. 5-16
Author(s):  
Grażyna Karmowska ◽  
Keyword(s):  
Economic Growth ◽  
Economic Freedom ◽  
Member States ◽  
Eu Member States ◽  
New Eu Member States

scholarly journals The Innovative Impact of Insurance for Economic Growth: The Evidence from New EU Member States

ECONOMICS ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 109-122
Author(s):  
Hristo Kondovski
Keyword(s):  
Economic Growth ◽  
Insurance Industry ◽  
Ordinary Least Squares ◽  
Insurance Market ◽  
Insurance Companies ◽  
Annual Data ◽  
Member States ◽  
Market Activity ◽  
Eu Member States ◽  
New Eu Member States

Abstract Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the last decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth.The aim of this paper is to examine relationship between insurance sector development and economic in 11 new EU member states from CentralandEasternEurope, using annual data fortheperiod 1999-2018. We apply dynamic and fully modified ordinary least squares to estimate the relationship between the variables. The results of our study indicate there are a positive and a significant relationship between insurance, measured through penetration, and economic growth Thus, functions of insurance companies - providing means of risk management and performing mobilization and allocation of resources - are important for economic growth and is in line with previous studies and with our hypothesis These results could be useful for regional governments that seek to improve economic growth as they suggest the need for implementation of stimulative policies for the development of insurance industry

Do Finance and Trade Foster Economic Growth in the New EU Member States: Granger Panel Bootstrap Causality Approach

2020 ◽  
Vol 58 (6) ◽  
pp. 458-477
Author(s):  
Paweł Kawa ◽  
Marta Wajda-Lichy ◽  
Kamil Fijorek ◽  
Sabina Denkowska
Keyword(s):  
Economic Growth ◽  
Member States ◽  
Eu Member States ◽  
New Eu Member States

Vocational Education in the New EU Member States

2007 ◽  
Author(s):  
Mary Canning ◽  
Martin Godfrey ◽  
Dorota Holzer-Zelazewska
Keyword(s):  
Vocational Education ◽  
Member States ◽  
Eu Member States ◽  
New Eu Member States

Determinants of socio-economic transformations of technological systems: theoretical and methodical aspects

2020 ◽  
pp. 102-111
Author(s):  
Svitlana Shults ◽  
Olena Lutskiv
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Structural Changes ◽  
Member States ◽  
Social Transformations ◽  
Technological Basis ◽  
Eu Member States ◽  
Technological Paradigm ◽  
Technological Paradigms ◽  
The Eu

Technological development of society is of unequal cyclic nature and is characterized by changing periods of economic growth, stagnation phases, and technological crises. The new wave of technological changes and new technological basis corresponding to the technological paradigm boost the role of innovations and displace the traditional factors of economic growth. Currently, intellectual and scientific-technical capacity are the main economic development resources. The use of innovation and new knowledge change the technological structure of the economy, increase the elements of the innovative economy, knowledge economy, and digital economy, i.e. the new technological paradigm is formed. The paper aims to research the basic determinants of technological paradigms’ forming and development, and determining their key features, as well as to analyze social transformations of the EU Member States and Ukraine. The paper focuses attention on the research of the features of social transformations. The structural transformations are analyzed based on the Bertelsmann Transformation Index that estimates the quality of democracy, market economy, and political governance. The transformation processes are assessed on the example of the EU Member States and Ukraine. The authors argue that social transformations and structural changes in the economy are related to the change of technological paradigms that boost the economic modernization and gradual progressive development of humanity in general. The nature and main determinants of 5 industrial and 2 post-industrial technological paradigms are outlined. Their general features and main areas of basic technologies implementation emerging in the realization of a certain technological paradigm are explained. The conclusions regarding the fact that innovative technologies and available scientific-technological resources define the main vector of economic development are made. The new emerging technological paradigm is of strategic importance for society development.

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