scholarly journals ASSESSMENT OF THE RELATIONSHIP BETWEEN INNOVATIONS AND ECONOMIC PERFORMANCE OF MANUFACTURING ENTERPRISES IN POLAND

2018 ◽  
Vol 17 (4) ◽  
pp. 171-178
Author(s):  
Elżbieta Roszko-Wójtowicz ◽  
Maria Grzelak ◽  
Iwona Laskowska
Keyword(s):  
Economic Performance ◽  
Value Added ◽  
Research Process ◽  
Dynamic Panel Data ◽  
Production Model ◽  
Manufacturing Enterprises ◽  
Gross Value Added ◽  
Central Statistical ◽  
Input Variables ◽  
The Impact

Long-term economic growth is based on innovations, and these depend, among others, on investments in research and development (R&D). The aim of the paper is to measure and assess the impact of innovations on the competitiveness of manufacturing enterprises. Depending on the model version, sold production or gross value added were adopted as a measure of competitiveness. The study is based on the analysis of the Cobb–Douglas production function extended by a variable describing innovations (expenditure on innovative activity). The research process was implemented for the period 2009–2016 and is a contribution to determining the role of innovations in shaping the economic performance of enterprises. The set of input variables is based on statistical data published by the Central Statistical Office of Poland (GUS). A positive and statistically significant estimation of the autoregressive coefficient in both the sold production model and the gross value added model shows the dependence of the analysed categories on the results achieved in previous periods. The legitimacy of using dynamic panel data models has been confirmed empirically.

scholarly journals Innovation Activity and Competitiveness of Manufacturing Divisions in Poland

2011 ◽  
Vol 14 (1) ◽  
pp. 121-143
Author(s):  
Maria Grzelak
Keyword(s):  
Labour Productivity ◽  
Value Added ◽  
Innovation Activity ◽  
Manufacturing Enterprises ◽  
Central Statistical ◽  
Technological Level ◽  
Central Statistical Office ◽  
Level Of Aggregation ◽  
The Impact

Increasing processes of globalization and integration in the word economy, dynamic market changes and growing social demands cause that particular sections of the national economy and their divisions as well as enterprises operating in them, become more and more often participants of competitive activity. According to M. Porter getting competitive advantage is possible only by means of innovation activity, and the capacity of industry for innovation and increasing technological level decide about competitiveness of the whole economy. That is why in present-day economic researches it is so important to define relations between competitiveness and innovation activity of enterprises. The objective of the article is an attempt to describe quantitatively the impact of outlays on research and development and outlays on innovation on three selected characteristics defining competitiveness of manufacturing enterprises. These characteristics are: gross value added, sold production and labour productivity. In the research were used statistical data of Central Statistical Office showing amounts of particular types of outlays divided into particular manufacturing divisions (section D, the Polish Classification of Activities) in the period 1999-2008. the analysis was conducted by means of panel models, where the basic period is calendar year, and the objects are manufacturing divisions on two-digit level of aggregation.

ASSESSMENT OF THE TECHNOLOGICAL TRANSFORMATION OF THE RUSSIAN MANUFACTURING INDUSTRY CONSIDERING THE DIGITAL FACTOR

2021 ◽  
Vol 5 (199) ◽  
pp. 44-53
Author(s):  
M.P. Kalinichenko ◽  
Keyword(s):  
Manufacturing Industry ◽  
Swot Analysis ◽  
Value Added ◽  
Subsequent Development ◽  
Digital Transformation ◽  
Added Value ◽  
Technological Transformation ◽  
Manufacturing Enterprises ◽  
Industrial Enterprises ◽  
The Impact

The purpose of the study is to assess the technological transformation of the manufacturing industry in Russia, taking into account the digital factor. The analysis of a set of methods that can be used to assess the impact of technologies on the digital transformation of economic systems (country, industry, region, industrial enterprise) is carried out; the results of a SWOT analysis of the Russian manufacturing industry for the medium term are presented (as an initial stage for the subsequent development of functional strategies of industrial enterprises-digital transformation, innovative, competitive, etc.); the results of a survey of experts on a sample of industrial enterprises of the Arkhangelsk region regarding barriers and prospects of digital transformation of manufacturing enterprises are summarized; an economic and mathematical model of the influence of production factors, including the digital factor, on the value added created by the manufacturing industry is developed. Based on the analysis and modeling of the formation of added value in the manufacturing industry, taking into account the contribution of each of the factors of production, a set of solutions is proposed, on the basis of which it is possible to give a new impetus to accelerate the digital transformation of the industry.

Influence of Intellectual Capital on Performance

2021 ◽  
Vol 12 (2) ◽  
pp. 53-71
Author(s):  
Kanishka Gupta ◽  
T. V. Raman
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Value Added ◽  
Dynamic Panel Data ◽  
Return On Assets ◽  
Time Period ◽  
Panel Data Regression ◽  
Data Regression ◽  
Developed World ◽  
The Impact

Intellectual capital (IC) has gained recognition in enhancing the firms' value and gain a competitive advantage in the developed world. The present study examines the impact of IC on firms' financial performance. The study takes 48 companies for the time period of 10 years (2009-2018). The paper has used modified Pulic's value added intellectual coefficient (VAIC) as a proxy to measure IC and return on assets (ROA) to measure firms' financial performance. Granger causality between all the components of IC and ROA has been tested using Dumitrescu-Hurlin test. To analyse the impact, correlation and dynamic panel data regression technique has been applied. The result indicates that overall intellectual capital, human capital, relational capital, process capital, and financial capital have a significant impact on financial performance. On the other hand, innovation capital has no significant relationship with firms' financial performance. The results are helpful for managers, policymakers, government, and investors so that they can properly manage and regulate the IC of their organization.

The impact of labour productivity on wages in Bulgaria, 2000-2017

SEER ◽  
2019 ◽  
Vol 22 (2) ◽  
pp. 217-224
Author(s):  
Lyuboslav Kostov
Keyword(s):  
Econometric Model ◽  
Labour Productivity ◽  
Value Added ◽  
Decisive Role ◽  
Technological Advance ◽  
Future Research ◽  
Gross Value Added ◽  
Starting Point ◽  
The Impact ◽  
Main Factor

In the post-crisis period, the traditional relationship between labour productivity and wages has been called increasingly into question as a result of recent changes in the labour-capital ratio. There is a growing public debate on this issue, but the available literature within Bulgaria has not, up to now, examined the link directly. This article reports the findings of a new study, specifically from the starting point that labour productivity is not a main factor in the dynamics of average wages in Bulgaria in the period 2000-2017. Through an econometric model, the author concludes that the impact of gross value added in terms of the change in average wages in Bulgaria has diminished as a result of the crisis; and that the dynamics of gross value added per employee do not play a decisive role in explaining the dynamics of average wages. The author points to the significance of this finding for future research, adding also that, at a time again of technological advance, innovation is likely to be one factor which further distorts classical understanding of the interdependence of labour productivity and wages.

scholarly journals REGIONAL DIVERSIFICATION OF INVESTMENT OUTLAYS AND LABOUR PROFITABILITY IN AGRICULTURE IN POLAND

2020 ◽  
Vol XXII (4) ◽  
pp. 116-126
Author(s):  
Dariusz Kusz ◽  
Stanisław Zając ◽  
Ryszard Dziekan
Keyword(s):  
Structural Changes ◽  
Agricultural Land ◽  
Value Added ◽  
Diagnostic Features ◽  
Investment Activity ◽  
Gross Value Added ◽  
Fixed Assets ◽  
Central Statistical ◽  
Central Statistical Office ◽  
Regional Diversification

The main purpose of the study was to assess changes in labour profitability against changes in the level of investment outlays in Poland in a regional approach. Empirical material consists of statistical data from the Central Statistical Office for the years 2000-2017. The following diagnostic variables were used for the analysis: (1) characterizing the profitability of the labour factor – gross value added in agriculture per one agricultural employee; (2) characterizing the investment activity of farmers – the value of investment outlays in agriculture per one employee in agriculture, the value of investment outlays in agriculture per 1 ha of agricultural land, the value of investment outlays in agriculture in relation to the value of gross fixed assets in agriculture, the value of investment outlays in agriculture in relation to gross value added in agriculture. On the basis of a set of diagnostic features describing the investment activity of farmers, a classification of voivodships was carried out using cluster analysis using Ward’s method, and a statistical evaluation of the relationship between the investment activity of farmers and the profitability of labour was performed. There has been a significant diversification of farmers’ investment activity and labour profitability in terms of regions. It was found that the level of investment outlays is a crucial factor in the process of improving the efficiency of the use of the labour factor. A level of investments that is loo low does not allow for favourable structural changes and for modernization and restructuring of agriculture to take place.

scholarly journals Does Climate Change Have Real Negative Impact on Economic Growth in Poor Countries? Evidence from Cote d’Ivoire (Ivory Coast)

2018 ◽  
Vol 4 (2) ◽  
pp. 204
Author(s):  
Felix Fofana N’Zué ◽  
Keyword(s):  
Climate Change ◽  
Economic Performance ◽  
Negative Impact ◽  
Value Added ◽  
Poor Countries ◽  
Distributed Lag ◽  
Long Run ◽  
Per Capita ◽  
Growth Change ◽  
The Impact

The objective of this paper is to determine the impact of climate change on Cote d’Ivoire’s economic performance via per capita gross domestic product (GDP) growth, change in agricultural value added, and change in the country’s cereal yield. The data ranged from 1960 to 2016. An autoregressive distributed lag (ARDL) model is used to investigate the long run dynamics between climate variables (precipitation and temperature) and the country’s per capita GDP, agricultural value added as % of GDP, and cereal yield. We found that climate change has not significantly impacted the economic performance of the country. However, precipitation has been found to have positively and significantly influenced the country’s cereal yield and agricultural value added contribution to GDP at large, and thus there is no need to worry more than it is necessary.

scholarly journals The Shift-Share Method: An Instrument for Analyzing the Dynamics of Industry Structure of the Economy

2020 ◽  
Vol 87 (4) ◽  
pp. 36-47
Author(s):  
Т. Ye. Trubnik ◽  
О. К. Mazurenko
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Financial Services ◽  
Rapid Development ◽  
Value Added ◽  
Economic Activities ◽  
Gross Value Added ◽  
Regional Factors ◽  
Bank System ◽  
The Impact

The socio-economic events of the latest years and uncertainties in the vectors of development of the economic environment cause the need for robust statistical assessment. An important area of studies of the modern economy is determining the type of economic growth. The shift-share method is applied to determine the effect of the impact of national, industrial and regional factors on the dynamics of economic growth. The shares of effects (effects of the impact) caused by national economy trends, industry mix and region-specific factors are identified and analyzed. The position of economic activities in the industry mix of the Kyiv economy is analyzed and assessed by indicators of gross value added and number of employees with consideration to three components. The impact of each of them caused by the national factors, the established industry mix of the national economy and the internal competitiveness of a specific industry of the region are characterized. Factor decomposition of the change in the indicators caused by the national component, industry-specific and region-specific effects reveals that the overall growth in the gross value added by economic activity in Kyiv is to a large extent conditional on the effective industry policy and to the least extent on regional factors. However, the employment reduction in the Ukrainian capital was caused by the impact of national and industry factors, and was not compensated by the positive local effect. It is revealed that the stable flagship position is taken by financial and insurance activities, in spite of recent reforms in the bank sector with cleansing the bank system from ineffective and nontransparent entities. Kyiv remains to be the core center for concentration of financial services. The progressive growth in the construction market meets the needs of the megalopolis with its increasing population. The residents’ desire to expand the dwelling size and improve the living conditions helps improve business climate in the construction sector, increase its growth rates and share in the gross regional product (indirectly, through the gross value added).       The section “Information and telecommunications” stands steadily on the top positions. Its rapid development, as a signal of the digital economy, enables for momentary exchanges of information and services on the domestic and external market, thus creating favorable prospects.   The analysis of the composition of the problem group and the outsider group among the economic activities reveals the stable presence of manufacturing and social industries. Enterprises of the sections “Manufacturing”, “Supply of electricity, gas, steam and conditioned air”, “Supply of water, sanitation, treatment of wastes” have a stock of problems and system drawbacks; they suffer from lack of investment and innovation, they have no strong orientation on the challenges of modernity and market needs, which weakens the positions of the Ukrainian capitals’ economy as the industrial center. It is proposed to use the graphic method for illustrating the distribution of economic activities in Kyiv by quality characteristics of operation. The factors accelerating or hampering the development of economic activities in the region are determined. Recommendations on management decisions related with future operation of industries referred to as “leaders”, “regulars”, problematic industries and outsiders are given.

scholarly journals Employee loyalty to the organization in the context of the form of employment

2018 ◽  
Vol 9 (3) ◽  
pp. 511-527 ◽  
Author(s):  
Magdalena Kot-Radojewska ◽  
Iryna V. Timenko
Keyword(s):  
Value Added ◽  
Research Process ◽  
Employee Loyalty ◽  
Current Form ◽  
Employment Contract ◽  
The People ◽  
Level Of Significance ◽  
The Impact ◽  
The Relationship ◽  
Competitive Economy

Research background: Organizations that function in the contemporary, competitive economy attribute the increased importance to employee loyalty, which translates, to a large extent, into commitment to work. A loyal employee, strongly associated with the organization, is its valuable asset. On the other hand, in the dynamically changing reality, organizations more often use the alternative, flexible forms of employment, which are not only a response to the needs of the organization, but also employees themselves. Purpose of the article: The purpose of the paper is to examine the relationship between employee loyalty to the employer and the form of employment. Methods: The paper presents the results of research conducted by means of a diagnostic survey with the use of a questionnaire among 569 employees of manufacturing and service enterprises operating on the Polish market. Empirical data were collected from December 2015 to January 2016. The research process was based on the grounded theory and statistical analyses were conducted by means of the SPSS, assuming the level of significance at 0.05. In order to compare people with the different forms of employment, the Kruskal-Wallis test was used. Findings & Value added: The research results indicated that there are certain relationships between the form of employment and loyalty to the employer. A majority of the respondents believed that the form of employment influences the loyalty to the employer. A majority also rated the degree of their own loyalty to the employer high. Employees working under an indefinite duration employment contract rated the impact of the current form of employment on loyalty to the employer higher than people that have a fixed-term employment contract. The people who have an indefinite duration employment contract rated the degree of their own loyalty to the employer higher than people that have a fixed-term employment contract.

scholarly journals The Evaluation of Efficiency of Polish Agriculture

2015 ◽  
Vol 63 (1) ◽  
pp. 175-183 ◽  
Author(s):  
Piotr Bórawski ◽  
Mariola Grzybowska-Brzezińska ◽  
James William Dunn
Keyword(s):  
Trade Balance ◽  
Value Added ◽  
Social Functions ◽  
Macroeconomic Factors ◽  
Land Prices ◽  
Gross Value Added ◽  
Intermediate Consumption ◽  
Balance Of Trade ◽  
The Common ◽  
The Impact

The objective of the paper was to recognize the efficiency of Polish agriculture. We have studied data from Main Statistical Office (MSO) and compared the efficiency in the years 2000–2010. The data proved that the efficiency of Polish agriculture improved in the analyzed period. To measure the impact of macroeconomic variables we introduced these into the regression model. The macroeconomic factors included: X1 (nominal prices of land), X2 (land prices expressed in dt), X3 (inflation), X4 (investment in agriculture and hunting), X5 (balance of trade) and X6 (GDP). We wanted to recognize the impact of macroeconomic factors on: Y1 (gross output), Y2 (intermediate consumption), Y3 (gross value added). Multiple regression was used to measure the impact of macroeconomic factors on global production of agriculture. The strongest impact on gross value added had: X4 (investment in agriculture and horticulture) and X4 (trade balance). Poland is a member of European Union and the Common Agricultural Policy has improved the situation in agriculture. There are about 2 100 000 farms in Poland but only 300 000–400 000 are producing for the market. Other farms have social functions and are place for work for rural inhabitants.

scholarly journals STRUKTUR EKONOMI DAN SEKTOR UNGGULAN SEKTORAL PADA PROPINSI RIAU

2012 ◽  
Vol 1 (1) ◽  
Author(s):  
Rahmatullah Rahmatullah
Keyword(s):  
Geothermal Energy ◽  
Value Added ◽  
Economic Sectors ◽  
Government Investment ◽  
Transportation Equipment ◽  
Gross Value Added ◽  
Food And Beverage ◽  
Plantation Crops ◽  
The Impact ◽  
Oil Gas

This study aims to examine and analyze the structure of the economy, the dominant sector of economic regions, economic sectors effect on the growth of regional economy and the impact on the growth of leading sectors of economic sectors in the province of Riau. The research shows that The economic structure based on the demand and supply of output, gross value added and employment. Riau is the main structure: The food and beverage industry, tobacco, trade, construction, other services and goods paper & printing industry. Dominant sector in 2000 Riau oil, gas and geothermal energy, petroleum refining, transportation equipment industry, machinery & equipment, trade, plantation crops and buildings. Year 2005 plantation crops, food industry, beverages & tobacco, paper and printed material industry, commerce, fisheries, mining, oil, gas and geothermal energy, and buildings. The variable government investment, suwasta investment, exports, imports, employment, forward linkage, backward lingkage, the impact of output and gross value added impact of simultaneous positive effect on regional economic growth (GDP) in Riau.DOI: 10.15408/sjie.v1i1.2596

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