scholarly journals Crowdfunding as a way of the monetary and financial ecologies

2021 ◽  
pp. 21-29
Author(s):  
Erika Loucanova ◽  
Miriam Olsiakova
Keyword(s):  
Cluster Analysis ◽  
Developed Countries ◽  
Mobile Internet ◽  
Rapid Expansion ◽  
Eu Countries ◽  
Average Value ◽  
The United Kingdom ◽  
Literary Sources ◽  
The Right ◽  
The Eu

This paper deals with crowdfunding as a new innovative form of financing projects that implement innovations focusing on a modern, up-to-date phenomenon in the field of innovation projects. Literary sources and approaches systematization for solving crowdfunding issues indicates that crowdfunding could be understood as a new, popular and innovative way of financing innovative projects around the world. It spread in developed countries in 2008 in response to the financial crisis. Besides, the rapid expansion of the Internet and mobile Internet access provoked its expansion in developing countries. The authors described crowdfunding as a current way of financing representing an individual form of innovative projects financing. Investigation of crowdfunding is based on cluster analysis of variables such as the funds' amount collected by crowdfunding, the number of crowdfunding contributors and the average amount of contributions of individual contributors to crowdfunding. The research objects are EU-28 countries. The output of the process of object distances clustering was displayed in the form of a dendrogram. It demonstrated the graphical grouping of related objects into clusters. The interpretation of the whole analysis and its further application depends on choosing the right number level of resulting clusters. The cluster analysis findings identified four clusters of objects set on several relatively homogeneous subsets of clusters. Objects belonging to the same cluster were similar, while objects originating from different clusters - dissimilar. The authors noted that despite the innovativeness and trendiness of crowdfunding, the analysis results point to its diverse position in the EU countries. Besides, it was confirmed by the results of the applied analysis. Presented clusters point to the different number of contributors and the average value of funds spent on innovation through crowdfunding at various average contributions from one contributor. Therefore, the countries successfully applying this innovative way of innovative projects financing were the United Kingdom, France and Germany, and EU countries that realized this way of financing to a lesser extent.

scholarly journals Evaluation of the Effective Material Use from the View of EU Environmental Policy Goals

Energies ◽  
2021 ◽  
Vol 14 (16) ◽  
pp. 4759
Author(s):  
Marcela Taušová ◽  
Katarína Čulková ◽  
Peter Tauš ◽  
Lucia Domaracká ◽  
Andrea Seňová
Keyword(s):  
Cluster Analysis ◽  
Linear Dependence ◽  
Energy Savings ◽  
Tax Burden ◽  
Eu Countries ◽  
Eu Member States ◽  
Average Value ◽  
Negative Results ◽  
Policy Goals ◽  
Environmental Goals

Humanity is dependent on natural resources. Use and productivity of these resources plays an important role in energy savings and circular economy. The goal of this contribution is to evaluate productivity of resources in the frame of EU countries. Single analysis deals with data from the publicly available portal database and collected data were processed in the statistical software JMP. The trend of development and analysis of variability and linear dependence helped to create cluster analysis and comparison of the EU countries. The results from the view of average value of the indicator registered the growth, and from the view of variability the statistically important differences were verified for EU member states. Some pairs of indicators recorded positive, while some pairs recorded negative linear dependence. Cluster analysis shows two groups of countries—the first one with positive results, having the lowest tax burden in the case of energy taxes and environment, and the second one with negative results, having the highest tax burden of environmental and energy policy. The results are useful for a proper setting of energy and environmental goals that can increase the effectiveness of resource productivity in the countries studied.

scholarly journals E-entrepreneurship in EU countries: evolutions and challenges

2019 ◽  
Author(s):  
Valentina Diana Rusu ◽  
Angela Roman
Keyword(s):  
Information Technology ◽  
Economic Development ◽  
Information Technologies ◽  
Communication Technologies ◽  
Developed Countries ◽  
Constructive Method ◽  
Technology Infrastructure ◽  
Information Technology Infrastructure ◽  
Eu Countries ◽  
The Eu

Purpose – the purpose of this paper is to identify how entrepreneurs from European Union (EU) use informational and communicational technologies in their business activities. We also try to identify the benefits and the challenges arisen for the European entrepreneurs in using information technologies. Research methodology – we analyze a sample of EU countries, by including them into two groups, according to the stage of their economic development. As methods, we use the logical-constructive method and also comparative methods. We also use the benchmarking method in order to estimate country indicators in the sample and compare them. Findings – the results of our study emphasize that e-entrepreneurship in developed countries is more advanced compared to developing countries. There are also significant differences regarding the use of informational technologies between types of firms by their size. Research limitations – are given by the availability of data. Practical implications – we emphasize that in order to support the development of E-entrepreneurship in the EU, government policies should pay more attention to the development of information technology infrastructure. Originality/Value – comes from grouping the EU countries into two groups, according to their stage of economic development. And, comparing the two groups as regards the use of informational and communication technologies. Keywords: information technology, e-entrepreneurship, e-business, innovation, EU countries

scholarly journals SMART GROWTH PROGRESS IN EUROPEAN UNION: A COHESION APPROACH

2019 ◽  
Vol 133 (2) ◽  
pp. 41-49
Author(s):  
Viktor Kozlovskij
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Tertiary Education ◽  
Smart Growth ◽  
Developed Countries ◽  
Member States ◽  
Eu Countries ◽  
Development Level ◽  
Growth Indicators ◽  
The Eu

Economic development and socioeconomic cohesion have always been an object of scientific research. In particular, this issue had become a focus of attention after EU enlargement in 2004 and Great Recession in 2007–2009. The above changes have given way to a certain slowdown in economic growth in most EU countries along with triggering a range of divergence processes between EU countries and regions. As a response to situation, the EU offered a Europe 2020 strategy, in which smart growth was mentioned as one of critical instruments to deal with increasing menaces. The objective of the study is to evaluate the progress of the main smart growth indicators (investment in research and development (R&D), employment rate and share of population obtaining tertiary education) in the EU over the period 2001–2017 within the framework of the economic cohesion concept. The paper seeks to explore the EU from different perspectives. First, the EU new member states (EU-10) and the old ones (EU-14) were compared. Second, the EU countries were divided by economic development level (calculated by GDP per capita in PPP): highly developed (H-7), medium developed (M-7) and less developed (L-7) countries. Finally, aggregate cohesion indices of all three smart growth indicators were calculated for the entire EU (EU-28). The research findings have revealed some interesting trends. First, each smart growth indicator’s progress depends on countries’ economic development level. Aggregate values for more developed countries (EU-14, H-7 and G-3) are always higher than the EU average (EU-28) and aggregate values for less developed economies are basically lower. Second, cohesion progress of smart growth indicators was influenced by economic recession in 2007–2009. It is argued that cohesion is evident in times of economic growth, but its progress ceases or divergence might occur in case of economic hazards. However, despite the expanding cohesion between the new and the old member states, a gap between certain groups of countries is even growing. This is clearly evident when the EU member states are divided into groups subject to the level of their economic development.

scholarly journals Spatial Patterns in Fiscal Impacts of Environmental Taxation in the EU

Economies ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 104
Author(s):  
Vít Pászto ◽  
Jarmila Zimmermannová ◽  
Jolana Skaličková ◽  
Judit Sági
Keyword(s):  
Cluster Analysis ◽  
Spatial Patterns ◽  
Environmental Taxation ◽  
Environmental Tax ◽  
K Nearest Neighbors ◽  
Fiscal Impact ◽  
Eu Countries ◽  
Tax Revenues ◽  
Fiscal Impacts ◽  
The Eu

There are several reasons for environmental taxation implementation. Besides its environmental impact, the main reason for such taxation is its fiscal impact, particularly in generating revenues of public budgets. The main goal of this paper is to observe possible spatial patterns in fiscal impacts of environmental taxation in the EU countries, and to depict the groups of countries with the same (or similar) fiscal impact of these instruments on public budget revenues, including environmental and economic characteristics. Two methods of cluster analysis are used, Ward linkage and K-nearest neighbors (spatial) cluster analysis to observe potential geographical links or implication of fiscal impact. The study is performed for the years 2008 and 2017. Based on the results, we can say that in the year 2008, the EU countries were divided into “the west” and “the east”, with some exceptions. The western countries were characterized by high environmental tax revenues, the eastern countries by low environmental tax revenues. For 2017, the situation is different. The border between old and new EU member states is not so abrupt and clear. The results show higher diversification between EU countries concerning the fiscal impacts of environmental taxation.

European Employment Strategy: the right answer for candidate countries?

2003 ◽  
Vol 9 (1) ◽  
pp. 88-100 ◽  
Author(s):  
Mira Celin
Keyword(s):  
Labour Market ◽  
Labour Markets ◽  
Member States ◽  
Eu Countries ◽  
Positive Elements ◽  
The Future ◽  
Common Strategy ◽  
The Right ◽  
The Eu ◽  
New Jobs

It is not easy to gauge the extent to which the European Employment Strategy (EES) has influenced the EU labour market over the last five years but it has surely contributed to the creation of more than 10 million new jobs and 4 million fewer unemployed. However, is this common strategy the right answer for the labour markets of the future member states? This article examines how the candidate countries are adapting to the EES and where they stand as compared to the current EU countries in achieving the Lisbon targets. The article assesses whether the EES is appropriate for the labour markets of the future member states by analysing both the deficiencies and the positive elements of this strategy for these countries, taking into account proposals for a new revised EES adapted to the needs of changing labour markets, globalisation and enlargement.

scholarly journals Baptists and Bootleggers in the Biodiesel Trade: EU–Biodiesel (Indonesia)

2020 ◽  
Vol 19 (2) ◽  
pp. 297-315
Author(s):  
Carolyn Fischer ◽  
Timothy Meyer
Keyword(s):  
Renewable Energy ◽  
Palm Oil ◽  
Dispute Settlement ◽  
Developed Countries ◽  
Export Tax ◽  
Market Opportunities ◽  
Antidumping Duties ◽  
Environmentally Sound ◽  
The Right ◽  
The Eu

AbstractEU–Biodiesel (Indonesia) is the latest in two lines of cases. On the one hand, the case offers yet another example of the Dispute Settlement Body striking down creative interpretations of antidumping rules by developed countries. Applying the Appellate Body's decision in EU–Biodiesel (Argentina), the panel found that the EU could not use antidumping duties to counteract the effects of Indonesia's export tax on palm oil. On the other hand, the decision is another chapter in the battle over renewable energy markets. Both the EU and Indonesia had intervened in their markets to promote the development of domestic biodiesel industries. The panel's decision prevents the EU from using antidumping duties to preserve market opportunities created by its Renewable Energy Directive for its domestic biodiesel producers. The EU has responded in two ways. First, through regulations that disfavor palm-based biodiesel, but not biodiesel made from from other foodstocks, such as rapeseed oil commonly produced in the EU. Second, the EU has imposed countervailing duties on Indonesian biodiesel, finding that Indonesia's export tax on crude palm oil constitutes a subsidy to Indonesian biodiesel producers. The EU's apparently inelastic demand for protection raises two questions: First, when domestic political bargains rest on both protectionist and non-protectionist motives and policies have both protectionist and non-protectonist effects, what are the welfare consequences of restraining only overt protectionism? Second, under what circumstances may regulatory approaches be even less desirable than duties for addressing combined protectionist and environmental interests, and would the WTO have the right powers to discipline them in an environmentally sound way?

'Golden visas' will persist despite EU clampdown

2018 ◽  
Keyword(s):  
United Kingdom ◽  
Money Laundering ◽  
Large Scale ◽  
Public Knowledge ◽  
Content Type ◽  
Transparency International ◽  
Eu Countries ◽  
Background Checks ◽  
The United Kingdom ◽  
The Eu

Subject The 'golden visa' controversy in the EU. Significance The European Commission's announcement on October 10 that it would investigate so-called 'golden visa' schemes follows a report by Global Witness and Transparency International warning that insufficient applicant background checks exposed the EU to large-scale money laundering and corruption. Impacts Greater public knowledge of golden visas will increase domestic pressure on governments. Scandals could worsen relations between the EU and non-EU countries. Applications for visas in the United Kingdom will likely decline if there is a Brexit deal.

scholarly journals Attracting High Skilled Individuals in the EU: The Finnish Experience

2020 ◽  
Vol 17 (2) ◽  
pp. 369-377
Author(s):  
Andrej Přívara ◽  
Eva Rievajová ◽  
Adina Barbulescu
Keyword(s):  
Ageing Population ◽  
Highly Qualified ◽  
Eu Countries ◽  
Eu Member States ◽  
The Third ◽  
The United Kingdom ◽  
Council Directive ◽  
Population Demographic ◽  
Direct Measures ◽  
The Eu

The ageing population, demographic change and a lack of skilled labour in the EU are increasingly provoking governments to apply direct measures to aggressively recruit economic migrants, particularly high skilled individuals (HSIs). As most countries in the EU face similar challenges, attracting HSIs from the third countries are predominantly vital. One of the EU-wide programs to attract skilled professionals is the Blue Card program, which was introduced in 2009 as part of the European Council Directive to focus on highly qualified employment, aimed at making Europe an appropriate host region for qualified workers from the non-EU countries. The EU Blue Card programme is adopted by 25 EU member states, apart from Ireland, Denmark and the United Kingdom. In this article, we discussed underlying features of the EU Blue Card program with a particular focus on the Finnish experience as one of the most successful the EU countries in attracting and retaining talent and HSIs.

scholarly journals DOOMED TO DEATH: ABORTIONS AND ABORTION TOURISM

2020 ◽  
pp. 3-9
Author(s):  
Nina Myronets ◽  
Oksana Romaniv ◽  
Oksana Yaromenko
Keyword(s):  
Medical Tourism ◽  
Developed Countries ◽  
The State ◽  
Practical Significance ◽  
Internet Resources ◽  
Literary Sources ◽  
Tourist Flows ◽  
The World ◽  
Administrative Units ◽  
The Right

The purpose of the study is to group the countries of the world according to the availability and legality of abortion and to identify patterns of development of tourist flows of abortion tourism. The research methodology includes a system of methods and techniques: monographic method (used to process materials from literary sources and Internet resources), statistical method (used to assess the prevalence of abortion), cartographic method (used to visualize the legality and availability of abortion around the world), classification method (used to group countries according to the criterion of the level of availability and legality of abortion). Research results. The geography of tourist flows of one of the types of medical tourism (abortion tourism) was analyzed. It arose as a result of the possibility of obtaining medical procedures abroad, prohibited or restricted in their own country. Attention was focused on the factors of legality and accessibility of these medical services in the countries. There are four groups of countries on the availability of abortion: 1) freedom of abortion; 2) abortion for medical and socio-economic reasons; 3) abortion for medical reasons and in other exceptional cases; 4) complete ban. The right to terminate a pregnancy at the woman's request is guaranteed in 71% of developed countries and in 16% of developing countries. Most countries that restrict abortion throughout the territory or in its separate administrative units - this is the state of Africa and South Asia and Latin America. But abortion tourism is the most intensive in Europe. The controversy over abortion has not abated. The two main groups in discussion call themselves "for choice" (with an emphasis on women's right to choose) and "for life" (with an emphasis on the unborn child's right to life). The scientific novelty of the work is that the proposed grouping of countries according to the legality and availability of abortion, outlines the factors of abortion tourism. The main directions of tourist flows of abortion tourism in Europe are determined. The practical significance of the results of the work is that they can be used to shape the tourism policy of Ukraine, as the state is involved in the field of abortion tourism as a recipient of tourist flows. The results of the study also contribute to solving social and demographic problems in the context of depopulation and deteriorating public health. After all, abortions are factors that negatively affect the reproduction of the population and women's health.

scholarly journals Solar Energy in the World and Turkey

2018 ◽  
Author(s):  
Müslüme Narin ◽  
Alpay Öznazik
Keyword(s):  
Solar Energy ◽  
Clean Energy ◽  
Developed Countries ◽  
Primary Sources ◽  
Eu Countries ◽  
Setup Costs ◽  
The Usa ◽  
Clean Energy Source ◽  
The Eu ◽  
Made In

Sun comes into prominence as both a strong and clean energy source. Because of its being inexhaustible and creating an effect reducing import dependency, a noticeable progress has been made in solar-oriented technologies in recent years. In this regard, Germany as the pioneer in world, China whose installed solar capacity has overtaken Germany, and the USA and Japan which caught up Germany became benefited from solar energy significantly nowadays. Besides, the EU countries like Italy, England, France, Spain and Belgium are also raising their installed solar capacities. Turkey has relatively high solar potential compared to the EU countries. However, it is not benefiting from solar energy sufficiently. Because its setup costs are still higher than other sources, solar production requires to be carried out R&D activities intensively. For these R&D activities there is a need for big budgets. Developed countries mentioned above could have been successful in allocating these budgets. Turkey as a developing country has difficulties in this respect. The purpose of this paper is to reveal required policies and works to raise installed solar capacity and benefit more from solar energy in Turkey. In this context, primarily, policies imposed in leader countries in world with regards to benefit from solar energy will be examined. Thereafter, imposed policies and developments in Turkey until today in this respect will be mentioned. Consequently, suggestions will be made for Turkey in light of experiences of the countries that could have succeeded to benefit from solar energy by higher rates in primary sources.

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