scholarly journals Financialisation and the fall in the labour share: a panel data econometric analysis for the european union countries

Author(s):  
Ricardo Barradas ◽  
2021 ◽  
Vol 13 (11) ◽  
pp. 6003
Author(s):  
Manuel Carlos Nogueira ◽  
Mara Madaleno

Every year, news about the publication of rankings and scores of important international indexes are highlighted, with some of the most prestigious being the Global Competitiveness Index (GCI), the Human Development Index (HDI), the Ease of Doing Business (EDB), the Environmental Performance Index (EPI) and the Global Entrepreneurship (GEI). A country’s progression in these indices is associated with economic growth, especially since several empirical studies have found evidence to reinforce these beliefs, the indices having been built based on the scientific literature on economic growth. Building a database on these indices for European Union countries between 2007 and 2017 and using panel data methodologies and then 2SLS (Two-Stage Least Squares) to solve the problem of endogeneity, we verify empirically through panel data estimates, what is the relationship between the mentioned indices and the European Union countries’ economic growth for the period. However, as the European Union is made up of diverse countries with different economic and social realities, we divided the countries into six clusters and made an individual interpretation for each one. We found that human development and competitiveness play an important role in economic growth, and entrepreneurship also impacts this growth. Regarding income distribution, applying the Gini index, we found that only human development mitigates inequalities.


Author(s):  
Aleksander Grzelak

The main purpose of the article is to examine the compounds between economic results of agricultural holdings and their impact on the environment. The research was conducted on a group of 23 EU countries that have been members since at least 2004. The time scope of the analyses concerns the years 2004-2015. The study uses regression analysis based on panel data. It was found that the more favorable economic situation of the surveyed group of agricultural holdings is accompanied by a stronger negative impact on the environment. The strongest relative environmental impact (from the perspective of material pressure on the environment) was recorded for investments.


2019 ◽  
Vol 9 (2) ◽  
pp. 35
Author(s):  
Rusu ◽  
Dornean

To increase competitiveness, a country has to outperform its competitors in terms of research and innovation, entrepreneurship, competition, and education. In this paper, we aim to test the relationship between the quality of entrepreneurial activity and the economic competitiveness for the European Union countries by using panel data estimation techniques. Our research considers a sample of 28 EU countries over the period 2011–2017. For the empirical investigation we apply panel data regression models. The results obtained show that business, macroeconomic environment and the quality of entrepreneurship are significant determinants of economic competitiveness of EU countries. Thus, we identify significant positive relations between innovation rate, inflation rate, FDI and economic competitiveness, and significant negative relations between expectations regarding job creation, tax rate, costs and competitiveness. Our study completes the literature by analyzing the relationship between the quality of entrepreneurship and the competitiveness of countries, for an extensive sample formed by all the 28 countries members of the European Union for a period of seven recent years.


2017 ◽  
Vol 56 (1) ◽  
pp. 41-52
Author(s):  
Viktorija Tauraitė

The aim of this article is to find out the factors that influence the conjuncture of labour market in the European Union countries. The aspect of the developed and developing countries is also important in this econometric analysis. The conception of theconjuncture of labour market is described in this article. Moreover, the factors and measuring indicators of these factors are presentedin this analysis, too. The first difference (FD) model is used for econometric analysis of the conjuncture of labour market in the European Union countries. Two hypotheses are formulated in this article, but both are rejected.


2020 ◽  
pp. 92-97
Author(s):  
A. V. Kuznetsov

The article examines the norms of international law and the legislation of the EU countries. The list of main provisions of constitutional and legal restrictions in the European Union countries is presented. The application of the norms is described Human rights conventions. The principle of implementing legal acts in the context of the COVID-19 pandemic is considered. A comparative analysis of legal restrictive measures in the States of the European Union is carried out.


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