scholarly journals Macroeconomic Conditions of the Financial Efficiency of Food Industry Enterprises

2020 ◽  
Vol 13 (4) ◽  
pp. 407-428
Author(s):  
Sławomir Juszczyk ◽  
Rafał Balina ◽  
Maksymilian Bąk ◽  
Juliusz Juszczyk
Keyword(s):  
Food Industry ◽  
Negative Impact ◽  
Financial Efficiency ◽  
Macroeconomic Factors ◽  
Macroeconomic Conditions ◽  
Central Statistical ◽  
Central Statistical Office ◽  
Dynamic Panel Models ◽  
The Impact ◽  
Research Period

SummarySubject and purpose of work: The subject of this research was the financial efficiency of large food industry enterprises in Poland, and its aim was to determine the strength and direction of the impact of key macroeconomic factors on the level of financial efficiency of those enterprises.Materials and methods: Data from the Central Statistical Office, the results of own research as well as literature on the problem were used. The research period covered the years 2005-2018. Dynamic panel models were applied in the study.Results: The results of the statistical analysis showed, inter alia, that the explanatory variable responsible for the increase in financial efficiency in the food industry was primarily the consumption dynamics in the preceding year. Its growth by 1 pp. ceteris paribus was related to an increase in the EBITDA margin of food industry enterprises by over 0.23 pp on average.Conclusions: The main conclusion concerned the statement that the rise in the inflation rate had a negative impact on the financial efficiency of food industry enterprises, while the increase in GDP, consumption and accumulation had a positive effect.

scholarly journals External Costs of Opencast Brown Coal Mining in Agriculture and Agri-Food Industry (on the Example of Wielkopolska)

2019 ◽  
Vol 5 (52) ◽  
pp. 154-171
Author(s):  
Pepliński Benedykt
Keyword(s):  
Brown Coal ◽  
Agricultural Production ◽  
Food Industry ◽  
Open Pit ◽  
External Costs ◽  
Central Statistical ◽  
Impact Area ◽  
Central Statistical Office ◽  
The Impact ◽  
Lignite Deposits

Abstract The aim of the work was to analyse the external costs for agriculture and agri-food industry related to the possible launch of lignite deposits in Wielkopolska, that is, on the Ościsłowo, Dęby Szlacheckie and Oczkowice deposits. The duration of the mine’s impact on the environment includes the period of drainage of the deposit, its exploitation and the time necessary for the reconstruction of water relations around the open pit. The level of losses in agricultural production was estimated based on the production results achieved by agriculture threatened by the occurrence of external costs based on the Central Statistical Office (CSO) data. The studies adopted two variants of the impact of open pitches on agriculture, including: the area of the estimated depression hopper, that is, the area in which the water table lowered by at least one meter and the entire impact area of the outcrop. In total, the external costs in agricultural production and processing, which may arise as a result of the launch of extraction from the three analysed deposits, were estimated at PLN 7.7–32.3 bn, losses in non-produced agricultural production at PLN 31.8–113.0 bn, while when the value of lignite is PLN 83.7–111.6 bn. Such high costs mean that the opening of new lignite deposits in Wielkopolska raises economic doubts. This also applies to each deposit separately.

The Development of Agritourism in the Podkarpackie Voivodeship in the Light of International and National Conditions

2017 ◽  
Vol 13 ◽  
pp. 244-261
Author(s):  
Mariola Tracz ◽  
Małgorzata Bajgier-Kowalska ◽  
Radosław Uliszak
Keyword(s):  
Development Strategy ◽  
Current State ◽  
Central Statistical ◽  
Central Statistical Office ◽  
Tourism Resources ◽  
The One ◽  
The Impact ◽  
District Offices ◽  
Socio Economic Factors

Podkarpackie Voivodeship is one of the regions of Poland in which the number of agritourism entities is very high. Therefore tourism plays a significant role in its development strategy. The aim of the paper is to identify the current state of agritourism and the changes that have occurred in the region in the years 2000–2016. Specific objectives are to determine the distribution of agritourism farms and their offer, together with a comprehensive analysis of the environmental and socio-economic factors, as well as the impact of the Slovak-Ukrainian border. The report was developed on the statistical materials from the Polish Central Statistical Office, Podkarpackie Agricultural Advisory Centre in Boguchwała and data collected from municipalities and district offices that is published on their websites, as well as through interviews with 100 owners of agritourism farms in the Podkarpackie Voivodeship. The research has shown, on the one hand, the decline in the number of farms in the region and, on the other hand, the increase in the diversity of the tourist offer of these entities. Distribution of agritourism farms is closely linked to the attractiveness of natural environment and quality of secondary tourism resources. Traditional agritourism has not yet fully used its countryside, as well as cross-border advantages of its location.

scholarly journals Profitability Determinants of Big European Banks

2021 ◽  
Vol 10 (2) ◽  
pp. 39-56
Author(s):  
Vesna Karadžić ◽  
Nikola Đalović
Keyword(s):  
Fixed Effects ◽  
Negative Impact ◽  
Ordinary Least Squares ◽  
Annual Data ◽  
The European Union ◽  
Macroeconomic Factors ◽  
Panel Models ◽  
Econometric Methods ◽  
Gdp Growth Rate ◽  
The Impact

Abstract The subject of research in this paper is the profitability of the biggest banks in the European financial market, some of which operate in Montenegro. The profitability of banks is influenced by a large number of factors, including internal banking and external macroeconomic factors. The aim of this paper is to use statistical and econometric methods to examine which factors and with what intensity affect the profitability of large banks in Europe. The empirical analysis used highly balanced panel models with annual data on 47 large banks from 14 European countries over the period 2013-2018. Three static panel models were estimated and evaluated (pooled ordinary least squares, model with fixed effects and model with random effects), as well as dynamic model utilizing general methods of moments. The POLS model was chosen as the best, confirming that all macroeconomic factors have a statistically significant impact on the profitability of big banks, while the impact of internal factors, which are controlled by the bank’s management, is not significant. GDP growth rate, inflation rate and market concentration have a positive effect on profitability, while the membership of the European Union has a negative impact on profit, meaning that banks with headquarters outside the EU are more profitable.

scholarly journals Global World Markets in the First Half of 2020: Uncertainties, Trade Slowdown and Forced Protectionism under the Influence of National Isolation Measures

2021 ◽  
Vol 9 (SPE3) ◽  
Author(s):  
Rustam Anzorovich Shortanov
Keyword(s):  
Global Economy ◽  
Negative Impact ◽  
Stock Exchange ◽  
Commodity Prices ◽  
Economic Assistance ◽  
Sea Transport ◽  
Macroeconomic Factors ◽  
World Markets ◽  
Global World ◽  
The Impact

Global world markets are often influenced by various macroeconomic factors that have both a positive and negative impact on their development. Recently, the whole world is experiencing, without exaggeration, a global economic catastrophe associated with the almost lightning-fast spread of a dangerous virus, the country of origin of which was China. The COVID-19 pandemic has caused unprecedented global upheavals that have had a major impact on societies in cities, countries, and regions. Most countries declared a nationwide lockdown in the first weeks of the pandemic, closing their borders to other countries. Moreover, at a time of global acute need for personal protective equipment, ALV and other medical devices and equipment, both air and sea transport were stopped, which separated the producing countries from the consumer countries. With soaring demand and the impact on supply chains, countries that had previously welcomed joint calls to fight the pandemic have entered a trade war in medical equipment. In the commodity market, the price of oil fell, leading to uncertainty about the future of oil-producing countries, as the end point of the pandemic was still unclear. Overall, the pandemic has been a severe test for the global economy. Due to the development of the pandemic, economists expect an unprecedented decline in industrial production and the percentage share of the stock exchange, rising commodity prices, as well as the possibility of reducing the GDP of a number of countries. While national Governments are trying to offset this drop in commodity prices, as well as for households, firms and financial markets, by providing economic assistance to affected groups, it is clear that such measures are not always viable. It is absolutely necessary to study the impact of COVID-19 on the global financial ecosystem in order to develop an effective trade policy. The danger of a pandemic is also exacerbated by the fact that a crisis in economic relations between countries can lead to political consequences that will cause an aggravation of the political situation in the world. The purpose of the work is to consider the development of world markets under the influence of various factors of uncertainty, the decline in production and trade under the influence of measures of national isolation.

scholarly journals Absorption of EU funds in the context of Polish enterprises competitiveness measured by profitability ratios

2015 ◽  
Vol 6 (1) ◽  
pp. 113 ◽  
Author(s):  
Anna Wildowicz-Giegiel ◽  
Adam Wyszkowski
Keyword(s):  
Firm Level ◽  
Policy Makers ◽  
Long Run ◽  
Short Period ◽  
Central Statistical ◽  
Central Statistical Office ◽  
Innovative Economy ◽  
Definition Of ◽  
Core Capabilities ◽  
The Impact

Competitiveness at the firm level is a subject of interest not only to managers and policy makers but also academics. An effective functioning under the conditions of new economy requires from the enterprises to develop their core capabilities and talents along with the ability to quickly identify and seize the opportunities generated by market environment. The implementation of such an approach allows the creation and sustain of economic surpluses in the long-run. The paper aims to examine the profitability of enterprises in Poland which is regarded in the context of absorption of EU funds in years 2007–2013. Taking into account that Poland became one of the largest beneficiaries, it is worth analyzing the impact of EU funding on the economic performance of Polish enterprises. The paper offers a critical reflection on the relationship between the absorption of EU funds and Polish enterprises competitiveness on the basis of  the content analysis literature and statistical data derived from the European Commission, the Central Statistical Office and the Ministry of Regional Development. It is assumed simultaneously that the competitiveness of enterprises is expressed in the term of profitability rates. In spite of limitations which relate to the adopted definition of competitiveness and the short period of the conducted analysis concerning the key relationship, the paper contributes to the debate on the significance of EU Funds in the process of building modern and innovative economy.

scholarly journals Optimisation of structural parameters of the industry by the criterion of product innovation

2021 ◽  
Vol 13 (3) ◽  
pp. 7-24
Author(s):  
Svitlana Ishchuk ◽  
Luybomyr Sozanskyy ◽  
Ryszard Pukała
Keyword(s):  
Product Innovation ◽  
Structural Parameters ◽  
Industrial Sector ◽  
Linear Programming Method ◽  
Industry Performance ◽  
Central Statistical ◽  
Central Statistical Office ◽  
Polish Economy ◽  
The Impact ◽  
The Eu

Abstract The industrial sector of the Polish economy plays an important role in ensuring the socio-economic development of the country. The Polish industry accounts for 24.1 % of the country’s employed population and 25.1 % of the GVA. The article aims to model the structural parameters of the Polish industrial sector according to the criterion of increasing product innovation level based on a comprehensive assessment of the Polish industry performance in the regional context. The offered method focuses on estimating the industrial sector at the macro and meso levels using a set of indicators for investment, innovation, labour activity, and profitability. Correlation-regression analysis methods were used to prove hypotheses about the impact of product innovation on employment and wages in the industry. To optimise the structure of the Polish industrial sector, an economic-mathematical model was developed, which was solved using the linear programming method. The target functionality of this model is the level of product innovation, at which the gross average monthly wage of Polish industry workers will double (to the EU average). The simulation results, which was based on data from the Central Statistical Office of Poland, provide an analytical basis for selecting industrial policy benchmarks for Poland.

The assessment of budget expenditures impact on economic activity

2018 ◽  
pp. 28-45
Author(s):  
I. V. Belyakov
Keyword(s):  
Government Spending ◽  
Economic Activity ◽  
Private Consumption ◽  
Negative Impact ◽  
Positive Impact ◽  
Private Investment ◽  
Short Term ◽  
Government Investment ◽  
Macroeconomic Conditions ◽  
The Impact

The article explores the impact of government spending on the key components of economic activity in Russia, such as private consumption and investment. The author pays serious attention to the theoretical justifications of the possible impact of fiscal policy on economic growth and its components, as well as reviews the empirical results obtained in this area. In the empirical part of the article, government expenditures are represented by the “GDP by expenditure” items — government consumption and government investment. The results, for Russian data covering the period of 1995—2017, indicate a short-term positive impact of government spending on private consumption and a negative impact on private investment. It also proves important to take into consideration the changes in macroeconomic conditions that occurred approximately in the middle of the observed period.

The foodservice business in big Polish cities

2018 ◽  
Vol 53 (1) ◽  
pp. 57-63
Author(s):  
Edyta Gheribi
Keyword(s):  
Geographic Distribution ◽  
Comparative Method ◽  
Sources Of Information ◽  
Secondary Sources ◽  
Tourist Destinations ◽  
Central Statistical ◽  
Central Statistical Office ◽  
Foodservice Industry ◽  
Research Period ◽  
Intensive Development

Abstract The article presents the development of the foodservice industry in major cities in Poland. The paper uses secondary sources of information such as data of the Central Statistical Office (CSO), business reports, and industry newsletters and publications. The research period was the years 2000–2015. A comparative method was applied to the analysis of the data and material collected. Analysis shows that foodservice businesses form one of the most vigorous sectors in Poland. The number of foodservice enterprises changed in every year since the start of analysis in 2000. Also in more recent years the revenue from foodservice activity grew significantly. The development of foodservice enterprises differs between cities in Poland, and is affected by various factors whose interrelations with it are correlated in different ways. Intensive development is particularly often found in major cities (metropolises), where residents earn higher than average incomes, and in attractive tourist destinations. The geographic distribution of foodservice enterprises in the regions of Poland is uneven: the highest concentration of enterprises is in the Mazowieckie voivodeship. Warsaw, capital of Poland takes first place in the country in terms of the number of foodservice enterprises. Foodservice enterprises have shown a significant improvement in quality and variety of services.

THE CHALLENGES FOR THE BIOFUELS SECTOR IN THE CONTEXT OF THE EU CLIMATE AND ENERGY POLICY

2017 ◽  
Vol XIX (2) ◽  
pp. 58-65 ◽  
Author(s):  
Piotr Gradziuk ◽  
Błażej Jendrzejewski
Keyword(s):  
Renewable Energy ◽  
Energy Policy ◽  
International Energy Agency ◽  
Production Capacity ◽  
Energy Agency ◽  
Central Statistical ◽  
Central Statistical Office ◽  
The Impact ◽  
Climate And Energy Policy ◽  
The Eu

The aim of this study was to assessment of the impact of EU climate and energy policy changes on the biofuels sector. The research was carried out on the basis of the reports of the Ministry of Energy, the Ministry of Agriculture and Rural Development, the Energy Regulatory Office, the Central Statistical Office of Poland, the EU Commission, the International Renewable Energy Agency and the International Energy Agency. Tabular and descriptive methods were used. Analyzes covered the years 2007-2015 with perspective until 2030. The analyzes show that realization of assumed obligations in relation to the minimum share of renewable energy used by transportation according to the directive 2009/28/WE of 23 February 2017 may be difficult to be achieve within the proposed deadlines. Currently existing advanced biofuel installations are mainly small prototype devices. Commercialization of those installations would pose a number of threats which could make impossible to reach the assumed production capacity.

Labour migration of doctors and nurses and the impact on the quality of health care in Eastern European countries: The case of Poland

2019 ◽  
Vol 30 (2) ◽  
pp. 307-320 ◽  
Author(s):  
Piotr Żuk ◽  
Paweł Żuk ◽  
Justyna Lisiewicz-Jakubaszko
Keyword(s):  
Health Care ◽  
Access To Health Care ◽  
Western Europe ◽  
Central Statistical ◽  
Health Care Database ◽  
Economic Migration ◽  
Central Statistical Office ◽  
Eastern European Countries ◽  
The Impact ◽  
Doctors And Nurses

The purpose of this commentary article is to explain the causes and effects of the economic migration of health care workers from Poland to Western countries, and to analyse the impact of the migration of doctors and nurses on the functioning of the public health system. We use data from the National Central Statistical Office, our own preliminary research, social surveys and the Watch Health Care database. Domestic data are analysed and compared with trends in Western Europe as described in Eurostat and Organisation for Economic Co-operation and Development reports. The decreasing number of active physicians remaining in the health care system results in long waits for specialist appointments. The demand for doctors from Central and Eastern Europe will continue to grow. Consequently, there will be a further outflow of medical staff from Poland and other countries in the region and the current problems with access to health care will continue. JEL Codes: I00, I11, J61

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