scholarly journals Social capital and banking system profitability: A survey of European Union countries

2019 ◽  
Vol 8 (1) ◽  
pp. 48-62
Author(s):  
Arash Nayebyazdi
Keyword(s):  
Social Capital ◽  
European Union ◽  
Social Trust ◽  
Banking System ◽  
Capital Adequacy ◽  
European Countries ◽  
The European Union ◽  
Economic Activities ◽  
Main Hypothesis ◽  
The Impact

Over the last years, the concept of social capital as a facilitator of economic activities has been a remarkable issue among economists. In this article, we study the impact of social capital on banking performance focusing on profitability in the European Union for period 2008-2016. Social capital indicators are applied in the model are "trust in others" and "fair behavior of others". We expect more profitable banks in societies with higher levels of social capital. According to the type of data, we apply GMM estimator to do more efficient estimations. We use auxiliary variables such as bank asset, capital adequacy, real interest rate, the cost to income ratio as micro variables, GDP and inflation are employed as macros. Our estimations point at a rejection of the main hypothesis. Opportunistic behavior and less social trust result in more profits for European countries. We justify the results in two ways. First, due to the 2008 financial crisis, trust in all institutions has decreased in European countries. The second reason concerns countries with low levels of social capital. The decrease of trust for the banking system is lower than for other institutions. Therefore, that sector may benefit is such circumstances.

scholarly journals International legal experience in combating illegal migration by sea

2021 ◽  
Vol 66 ◽  
pp. 284-287
Author(s):  
O.O. Kukshynova ◽  
A. O. Samoilenko
Keyword(s):  
European Union ◽  
Legal Framework ◽  
Legal Regulation ◽  
European Countries ◽  
The European Union ◽  
Illegal Migration ◽  
Illegal Migrants ◽  
Theoretical Approaches ◽  
The Impact ◽  
Treaty Of Amsterdam

This article highlights the impact of international law on the global process of illegal migration, reveals a number of international problems related to international migration, in particular by sea, identifies the main factors influencing illegal migration in general, indicates the state of illegal migration in various European Union countries. attention is paid to such important international legal instruments as the Schengen Agreement of 1985 and 1990, the Dublin Convention of 1990, the Maastricht Treaty of 1992 and the Treaty of Amsterdam of 1997. The article also focuses on the European Union agency, which deals with the protection of external borders and their protection from illegal migrants, in particular, by sea.The analysis of theoretical and practical aspects of combating illegal migration by sea at the international level, as well as in the development of scientific and theoretical approaches to solving migration problems, characterizes the legal regulation of combating illegal migration by maritime transport and maritime participation established intergovernmental bodies. The main tools of the European Union to combat illegal migration by sea, which can be used to improve the legal regulation of migration authorities of other countries, as well as substantiate the organizational and legal framework of European countries in the field of legal support to combat illegal migration by sea.The actions of European states represented by the relevant state bodies in solving the problems of illegal migration with the help of merchant fleets of European countries are studied. The article pays attention to the influence of illegal migration on the formation and change of legal awareness of society, as the beginning of the formation of criminogenic factors among illegal migrants in the host country.

14. European Politics into the Future

2021 ◽  
pp. 256-269
Author(s):  
Catherine E. De Vries ◽  
Sara B. Hobolt ◽  
Sven-Oliver Proksch ◽  
Jonathan B. Slapin
Keyword(s):  
European Union ◽  
Eastern Europe ◽  
European Countries ◽  
European Politics ◽  
Democratic Deficit ◽  
The European Union ◽  
The United Kingdom ◽  
European Democracy ◽  
The Future ◽  
The Impact

This chapter explores recent changes in European politics and looks to the future for European democracy as it stands now. The chapter explores the ongoing political change that can be seen within European countries and also at the European Union (EU) level. It aims to highlight four important debates about the state of democracy in Europe. These are: the debates about the rise of political fragmentation and its consequences for democracy; democratic backsliding in central and eastern Europe; the impact of the United Kingdom leaving the EU on democracy; and the democratic deficit in EU politics.

scholarly journals An overview of the tourism economic effect in the European Union Member states

Turizam ◽  
2020 ◽  
Vol 24 (4) ◽  
pp. 165-177
Author(s):  
Gordana Petrović ◽  
Darjan Karabašević ◽  
Svetlana Vukotić ◽  
Vuk Mirčetić
Keyword(s):  
European Union ◽  
Economic Effect ◽  
Research Area ◽  
Tourism Industry ◽  
Economic Effects ◽  
The European Union ◽  
Economic Activities ◽  
Tourist Destinations ◽  
The World ◽  
The Impact

Tourism has a notable role in the economies of many countries, and particularly in the countries of the European Union, which are still one of the world's most recognized and visited tourist destinations. The paper aims to analyze the impact of the tourism industry on the economy of the European Union. In this context, the paper is based on research and literature review, in particular, statistics data of Eurostat and the World Travel and Tourism Council. The results achieved by the tourism industry are reflected through certain economic indicators: GDP, employment rate, income, the balance of payments, turnover and consumption. The research area is one of the most visited tourist destinations in the world, which generates significant tourist turnover and justifies the status of an extremely important determinant of economic development. The well managed tourism industry complements other economic activities and increases the income of each EU Member State, and the tourism industry has direct and indirect, positive and negative economic effects.

scholarly journals The Impact of the European Integration Process on the Banking System – an Overview

2010 ◽  
Author(s):  
Bogdan Ilut
Keyword(s):  
European Union ◽  
European Integration ◽  
Banking Sector ◽  
Banking System ◽  
Main Channel ◽  
The European Union ◽  
Integration Process ◽  
Fully Integrated ◽  
Is Integration ◽  
The Impact

<p>In the last decade the European integration process was the main focuses of the European Union, as its completion could bring a huge step toward a fully integrated European Union. As the banking sector is the main channel for funding of the European economy, it has become now more clearly than ever that is integration is of the up more essence. The aim of this paper is to quantify the progresses registered by the main European Union’s economies in the process of banking integration, as their example is generally followed by the other member states. First we underline the necessity of the European integration and the progress made using an extended literature review doublet by an analysis of the main indicators for the banking systems of these countries. We also present, in a non-exhaustive way, the main trends that have characterised the banking sectors of these countries in the last decade: diversification, vertical product differential and consolidation underlying their impact on the sectors architecture.</p>

scholarly journals Ethical and Procedural Issues For Applying Researcher-Driven Multi-National Paediatric Clinical Trials in and Outside The European Union: The Challenging Experience of The DEEP Project

2021 ◽  
Author(s):  
Viviana Giannuzzi ◽  
Mariagrazia Felisi ◽  
Donato Bonifazi ◽  
Hugo Devlieger ◽  
George Papanikolaou ◽  
...  
Keyword(s):  
European Union ◽  
Ethics Committees ◽  
Paediatric Population ◽  
European Countries ◽  
The European Union ◽  
Clinical Trial Application ◽  
Paediatric Trial ◽  
General Linear Model Analysis ◽  
Wilcoxon Rank Sum Test ◽  
The Impact

Abstract Background. We describe our experience from a multi-national application of a European Union-funded research-driven paediatric trial (DEEP-2, EudraCT 2012-000353-31; NCT01825512).This paper aims to evaluate the impact of the local and national rules on the trial authorisation process in European and non-European countries. National/local provisions and procedures, number of Ethics Committees and Competent Authorities to be addressed, documentation required, special provisions for the paediatric population, timelines for completing the authorisation process and queries received were collected; compliance with the European provisions were evaluated.Descriptive analysis, Wilcoxon Rank-Sum test and General Linear Model analysis were used to determine factors potentially influencing the timelines. The Cluster Analysis procedure was used to identify homogenous groups of cases.Result. The authorisation process was completed in 7,7 to 53,8 months in European countries and in 17,1 to 27,1 months in non-European countries. The main factors influencing these timelines resulted the requests for changes/clarifications in European countries and the different national legislations in non-European countries.Conclusion. This work confirms that the procedures and requirements for the clinical trial application of a paediatric trial are different. In the European Union, the timeframes for submission were generally harmonised but longer. In non-EU countries, delays were caused by national dispositions but the entire authorisation process resulted faster with less requests from ECs/CAs. The upcoming application of Regulation (EU) 536/2014 is expected to harmonise practices in Europe and possibly outside. Networks on paediatric research acting at international level will be crucial in this effort.

scholarly journals Assessing the impact of structural indicators for the European Union banking system on economic evolution: an empirical investigation in EU

2016 ◽  
Vol 11 (2) ◽  
pp. 61-69 ◽  
Author(s):  
Syed Ahsan Jamil ◽  
Faris Nasif Al Shubiri
Keyword(s):  
European Union ◽  
Banking System ◽  
Convergence Criterion ◽  
Economic Evolution ◽  
The European Union ◽  
Bond Yields ◽  
Market Prices ◽  
Inflation Rates ◽  
Structural Indicators ◽  
The Impact

This study aims to investigate the impact of structural indicators for the European Union banking system on economic evolution. The methodological framework is the analysis of three variables of economic evolution. The econometric equation is built by regression test using annual data for the period 2008 to 2014. The indicators of the European banking system consist of fifteen independent variables and their impact on three economic variables consisting of GDP at current market prices, EMU convergence criterion bond yields (Maastricht criterion) and HICP annual average inflation rates are investigated on the growth in EU (dependent variable). The regression results show that there is statistical significant impact at different level 1%, 5% and 10% of all independent variables on EMU convergence criterion bond yields (Maastricht criterion), and in thirteen variables on GDP at current market prices except total assets of domestic banking groups and branches of credit institutions from rest of the world variables. Finally, only three variables total assets of domestic banking groups, branches of credit institutions from rest of the world and assets of pension funds have significant impact on HICP annual average inflation rates. The researchers recommend the need to build the financial stability in the banking system of the European Union with the continuity of modifying commercial legislation based on environmental changes and raise transparency to increase and diversify investments in the financial markets to reduce risk, and, thus, this will lead to increase in the level of social responsibility toward socialist economic

scholarly journals The impact of COVID-19 pandemic on the volume of labor migration, employment, and remittances

2021 ◽  
Vol 71 (2) ◽  
pp. 195-202
Author(s):  
Olha Podra ◽  
Nataliia Petryshyn ◽  
Oksana Bayik ◽  
Ulyana Bobko ◽  
Halyna Levkiv
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Labor Migration ◽  
Systematic Approach ◽  
European Countries ◽  
The European Union ◽  
Labor Migrants ◽  
Political Situation ◽  
The Impact ◽  
Critical Methods

Flows of external labor migration in most cases occur under the influence of the internal economic and political situation in the country; however, in 2020 these trends changed significantly for reasons which did not depend on the socio-economic situation. In order to determine the volume of labor migration in 2020, an analysis was conducted. According to the results, it has been concluded that, despite the restrictive quarantine measures implemented in the European Union (EU) that caused the partial return of migrants to their countries, the rise in unemployment and slow economic growth, labor migrants are highly employed in key occupations of EU that are vital in the fight against coronavirus disease (COVID-19). It has been noticed that EU countries increase the number of officially issued residence permits to citizens of non-member countries every year, and Ukraine has become the absolute leader in the number of received residence permits, as well as the leader among European countries by the volume of the received remittances. An abstract-logical and systematic approach, analytical, comparative, graphical, and critical methods were used in the study. Prospects for external labor migration of Ukrainians to European countries have been identified.

scholarly journals The Impact of Macroeconomic, Social and Governance Factors on the Sustainability and Well-Being of the Economic Environment and the Robustness of the Banking System

2021 ◽  
Vol 13 (10) ◽  
pp. 5713
Author(s):  
Vasile Dedu ◽  
Dan-Costin Nițescu ◽  
Maria-Alexandra Cristea
Keyword(s):  
European Union ◽  
Private Sector ◽  
Banking System ◽  
Well Being ◽  
Annual Data ◽  
The European Union ◽  
Macroeconomic Indicators ◽  
Domestic Credit ◽  
The Impact ◽  
Banking Development

The paper highlights the connection between the European Union banking system and a set of representative factors—macroeconomic, social, and governance factors—selected from the perspective of sustainability and well-being. The analysis is carried out as a panel regression on EU member countries with annual data for 2005–2018, and it explores the impact of the selected factors on the robustness of the banking systems in the European Union countries. The analyzed variables to reflect the robustness of the banking system were the domestic credit to the private sector and the nonperforming loans (NPL) rate. Those indicators are of high relevance and concern within the current pandemic context. The results show that the banking development degree influences the increase of private-sector lending and the decrease of the NPL rate. Social and governance factors impact differently the level of private sector and NPL rate. All macroeconomic indicators used to influence the level of private-sector lending. The research reflects the fact that to promote and adopt a culture of sustainability and to ensure well-being, a close collaboration between all sectors of an economy is needed, together with a strong policy interconnection and harmonization between micro and macro.

scholarly journals Objective Ground of National and Ethnic Identity as self-consciousness of an Ethnic Group

2020 ◽  
Vol 10 (1) ◽  
pp. 57-62
Author(s):  
T. M. Mahamatov ◽  
A. Nakova
Keyword(s):  
Social Capital ◽  
European Union ◽  
Ethnic Identity ◽  
Political Leadership ◽  
Social Philosophy ◽  
Right Wing ◽  
The European Union ◽  
Migration Flow ◽  
The Russian Federation ◽  
The Impact

The Globalisation process and its achievements have exacerbated migration problems, creating a demographic crisis in the European Union and the Russian Federation. The authors of the article from the position of social philosophy and sociology examine the impact of the increasing migration flow from the problem regions of Asia and Africa to the more prosperous countries of Europe on the concepts of national and ethnic identity and tolerance, as well as on social capital and public trust in political leadership. The article draws attention to the borderline nature of the movement of identarism formed in the countries of Scandinavia, Western and Eastern Europe, with right-wing and extreme nationalist movements.

scholarly journals Human Capital in Digital Economy: An Empirical Analysis of Central and Eastern European Countries from the European Union

2021 ◽  
Vol 13 (4) ◽  
pp. 2020
Author(s):  
Adriana Grigorescu ◽  
Elena Pelinescu ◽  
Amalia Elena Ion ◽  
Monica Florica Dutcas
Keyword(s):  
European Union ◽  
Human Capital ◽  
Global Economy ◽  
Fixed Effects ◽  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Technology Talent ◽  
Eastern European Countries ◽  
The Impact

The hypercompetitive global economy of the 21st century is a hub of innovation, technology, talent, skills, speed, efficiency, productivity, and satisfaction. Within this context, the organizations are looking intensely for people with skills and talents that can differentiate themselves in all that noise. The human capital became slowly but surely a mean of efficiency and growth, especially through the premises of digitization, and a key issue of sustainability. The current research is meant to identify and highlight any correlations that might appear between the population’s welfare of 11 Central and Eastern European Countries (CEECs) which are members of the European Union (EU), and the components of the digitization trend, including the new human cloud industry, ICT, and the connectivity to the Internet of Things. In order to achieve the needed insights, the multiple regression analysis was employed, and the latter tested the panel models with fixed effects, both from a temporal and country perspective. The results showcased a positive connection between the dependent and independent variables, confirming that the digitization of the economy and the developed human capital will ultimately lead to the increase of population’s welfare. Moreover, the findings are consistent with specific insights for each of the 11 CEECs, showing that digitization and the influence of human capital is differentiated across the latter in terms of their overall effect and amplitude. The research is limited by the timeframe and countries included in the study, and it can be furthered by determining the impact of digitization on the economies of the EU28 countries grouped by level of development, and by using other significant indicators for analysis.

Sign in / Sign up

Export Citation Format

Share Document