scholarly journals Economic Development Path of Poland: Innovation and Competitiveness in Light of the Situation of Southern European Countries

2014 ◽  
Vol 40 (1) ◽  
pp. 119-140
Author(s):  
Konrad Kubacki ◽  
Agnieszka Słuszniak
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Innovation System ◽  
Business Environment ◽  
European Countries ◽  
Middle Income ◽  
Development Path ◽  
Future Economic Development ◽  
European Economies ◽  
Southern European Countries

Abstract The financial crisis of 2007 revealed structural weaknesses in many European countries, particularly in Southern Europe. The goal of this article is to identify the existing economic situation in the four main Southern European countries: Greece, Italy, Portugal, and Spain (GIPS), and in Poland, conduct a comparative analysis of the development paths and competitiveness levels of these countries using statistical data as well as existing scientific literature, and finally to formulate suggestions for a new development path of Poland. The results of the analysis suggest that Poland's development is currently on a turning point, portraying many similarities to Southern European economies after their EU accession, as well as before the crisis. The authors come to a conclusion that unless Poland undertakes crucial reforms, particularly in the field of its innovation system, business environment, implementation of EU funds, and overall strategic long-term planning, it is inevitable that its economic growth will slow down, possibly falling into a middle-income trap. Poland might not avoid the same mistakes of GIPS, that failed to implement adequate reforms in times of economic growth, what today results in suffering from serious consequences. T is paper presents a unique view on the future economic development of Poland in relation to the paths already undertaken by Southern European economies.

The Role of Entrepreneurial Performance in Supporting Economic Development of Countries: An Empirical Approach

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Valentina Diana Rusu ◽  
Angela Roman
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Progress ◽  
Entrepreneurial Performance ◽  
Panel Data Estimation ◽  
Positive Effects ◽  
National Competitiveness ◽  
Key Factor ◽  
Future Economic Development

Abstract Entrepreneurship is recognized as one of the factors stimulating economic growth and increasing economic competitiveness. In addition, the Europe 2020 Strategy has focused its attention on entrepreneurship as a key factor of economic growth, social progress, and employment. In this context, our study examines the role of entrepreneurial performance for sustaining the development of countries, focusing on a sample of European countries. We attempt to reveal if increasing entrepreneurial performance would have significant influence on improving the economic position of countries and their future economic development. Starting from the OECD-Eurostat Entrepreneurship Indicators Programme we use a set of entrepreneurial performance indicators as independent variables and examine to what extent they can influence competitiveness and economic growth, seen as dependent variables of the models. We focus on a period of 10 years (2008–2017) and we apply panel-data estimation techniques. Because the period considered includes the period of the last international financial crisis, we also include in our analysis a dummy variable. Our results emphasize that the changes in entrepreneurial performance play a significant role in enhancing national competitiveness and economic growth. Our findings contribute to the expansion of literature in the field by providing evidence on the correlation of indicators that measure entrepreneurial performance with national competitiveness and economic growth. Moreover, our findings point out the need of the policy makers to adopt measures and policies that help and stimulate entrepreneurs to become more performant because they can generate positive effects to the economy as a whole.

scholarly journals Is Greenfield Investment Greener for the Welfare of Lower-Middle Income Countries? Market based Empirical Analysis with GMM Approach

2021 ◽  
Vol 3 (3) ◽  
pp. 194-206
Author(s):  
Ali Raza ◽  
Muhammad Iqbal ◽  
Nasir Hussian
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Group ◽  
Economic Activities ◽  
Host Countries ◽  
Middle Income ◽  
Middle Income Countries ◽  
Middle Income Group ◽  
One Step ◽  
Complete Data Analysis

Globalization is considered as the catalyst for the progress of economic activities and economic development of lower-middle-income countries. Greenfield investment not only promotes welfare but also helps in the health and education sector of these countries. This study examined thirty-four (34) sampled countries of the lower-middle-income group from different regions for a time span of 1998-2017. Im, Pesaran and Shin (2003) test is applied for testing panel unit root and one step system GMM technique is applied for the complete data analysis. The results of the study concluded that greenfield investment has increased economic growth and helped to push the welfare activities of sampled countries. Besides the increase in economic growth and welfare, greenfield investment also brings improvement in the health and education sectors through the transfer of new and advanced technologies from the developed nation firms to the host countries. Therefore, lower-middle-income countries must approve soft and friendly economic and business policies for the attraction of foreign investors from abroad. Such policies will help in promoting and increasing economic activities and economic development of the sampled countries.

Chinese FDI Activity in Europe

2020 ◽  
pp. 1100-1117
Author(s):  
Amir Manzoor
Keyword(s):  
Economic Growth ◽  
Growth Model ◽  
European Countries ◽  
Chinese Investment ◽  
Cross Border ◽  
National Competitiveness ◽  
Potential Risks ◽  
European Economies ◽  
Trade And Investment ◽  
Liberal Policy

Today, China has become one of the major exporters of capital in Europe. It is expected that China's liberal policy and growth model will soon make China a major provider of cross-border investment. This process is expected to have significant impact on host European countries of Chinese investment. Europe needs to change its policies and position itself strategically to not only reap the benefits of this massive influx of Chinese investment but also minimize potential risks that European countries face due to their historical linkages with China for trade and investment. The objective of this chapter is to review Chinese FDI in Europe to identify its impact on Europe's economy and suggest some measures for European economies to optimize the benefits of Chinese FDI for their national competitiveness and economic growth.

scholarly journals Efforts to mitigate the economic impact of the COVID-19 pandemic: potential entry points for neglected tropical diseases

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
John P. Ehrenberg ◽  
Jürg Utzinger ◽  
Gilberto Fontes ◽  
Eliana Maria Mauricio da Rocha ◽  
Nieves Ehrenberg ◽  
...  
Keyword(s):  
Economic Development ◽  
Neglected Tropical Diseases ◽  
Health Priorities ◽  
Middle Income ◽  
Global Recession ◽  
Starting Point ◽  
Entry Points ◽  
Future Economic Development ◽  
Development Agendas ◽  
The Impact

Abstract Background The damage inflicted by the coronavirus diseases 2019 (COVID-19) pandemic upon humanity is and will continue to be considerable. Unprecedented progress made in global health over the past 20 years has reverted and economic growth has already evaporated, giving rise to a global recession, the likes of which we may not have experienced since the Second World War. Our aim is to draw the attention of the neglected tropical disease (NTD) community towards some of the major emerging economic opportunities which are quickly appearing on the horizon as a result of COVID-19. Main text This scoping review relied on a literature search comprised of a sample of articles, statements, and press releases on initiatives aimed at mitigating the impact of COVID-19, while supporting economic recovery. Of note, the donor scenario and economic development agendas are highly dynamic and expected to change rapidly as the COVID-19 pandemic unfolds, as are donor and lender priorities. Conclusions The NTD community, particularly in low- and middle-income countries (LMICs), will need to work quickly, diligently, and in close collaboration with decision-makers and key stakeholders, across sectors at national and international level to secure its position. Doing so might enhance the odds of grasping potential opportunities to access some of the massive resources that are now available in the form of contributions from corporate foundations, trust funds, loans, debt relieve schemes, and other financial mechanisms, as part of the ongoing and future economic development agendas and public health priorities driven by the COVID-19 pandemic. This paper should serve as a starting point for the NTD community to seek much needed financial support in order to sustain and revitalize control and elimination efforts pertaining to NTDs in LMICs.

scholarly journals FDI inflows in selected Emerging European economies with reflections on economic growth

Ekonomika ◽  
2021 ◽  
Vol 67 (4) ◽  
pp. 11-28
Author(s):  
Dajana Ercegovac ◽  
Emilija Beker-Pucar
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Global Financial Crisis ◽  
Developed Countries ◽  
Business Environment ◽  
Foreign Investors ◽  
Fdi Inflows ◽  
Time Period ◽  
Balkan Countries ◽  
European Economies

The objective of this paper is to identify the top destination for FDI inflows as well as to analyze related growth progress in selected Emerging European Economies (EEEs) in order to suggest significant implications towards economic policy creators in Western Balkan countries. The authors conducted descriptive statistical analysis together with correlation analysis in the time period 1997-2019. The analysis of average FDI inflows includes following country groups: Visegrad States, Baltic States, Western Balkan and eleven new EU member states with regard to the structural break of Global Financial Crisis (GFC). The results suggest that the Visegrad States (particularly Poland) were the top locations for foreign investors in the analyzed time period. Having in mind a positive correlation link between significant FDI inflows, especially greenfield FDI inflows and economic growth, we suggest that Western Balkan countries should implement adequate measures to attract greater greenfield FDI inflows in order to stimulate real convergence towards developed European economies. Therefore, recommendations are directed towards economic policy of less developed countries of Western Balkan that need to continue to improve the quality of public institutions and infrastructure, as well as business environment and implementation of nonfinancial measures of promotional activities, in order to raise attractiveness of national market for foreign investors.

scholarly journals OPPORTUNITIES AND RISKS OF ECONOMIC DEVELOPMENT IN POST-COVID PERIOD FOR UKRAINE AND EASTERN EUROPE

2021 ◽  
Author(s):  
Ірина Шейко ◽  
Олександра Стороженко
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Eastern Europe ◽  
Global Economy ◽  
Large Scale ◽  
Scale Production ◽  
Large Scale Production ◽  
Depth Analysis ◽  
The World ◽  
Future Economic Development

After a major downturn of the global economy in 2020 caused by the Covid-19 pandemic and despite renewed lockdowns in some parts of the world there are optimistic projections about global economy to rebound in 2021. The authors consider the consequences of the COVID-19 pandemic for the economies of Eastern Europe and Ukraine. Purpose of the article is to analyze the latest tendencies of economic growth perspectives in Eastern Europe countries due to COVID-19 pandemic and define the main risks, challenges and strong positions of Ukraine in post-pandemic period. The relevance of this topic lies, first of all, in the importance of determining the prospects for economic development of countries in different scenarios of the pandemic. Based on an in-depth analysis of data from international and Ukrainian agencies and individual experts, forecast data on the future economic development during 2021-2022 of Ukraine and some Eastern Europe countries are summarized. Ukraine, comparing to many countries around the world, has a relatively smaller reduction of economic indexes in 2020, due to the transformational nature of our economy, weak participation in global value chains, a significant share of shadow business and income, underdeveloped tourism, a significant share of agriculture and a large share of large-scale production, which did not stop even during peak quarantine periods.. Attention was paid to the specific risks of a pandemic for the economic development at global level, in Europe and Central Asia region and in Ukraine. The most significant challenges for national economic development were defined as such: strengthening hybrid threats to Ukraine's national security, lack of external financing and narrowing of access to international capital markets, failure to receive planned funding from the IMF, low intensity of reforms. Due to such serious risk factors, there is a need to develop a balanced regulatory to counter growing threats and restore economic growth to pre-pandemia level.

scholarly journals Science, Technology and Innovation Bibliometric Evaluation SME´s in order to improve Brazilian economic growth

2018 ◽  
Vol 6 (11) ◽  
pp. 01-14
Author(s):  
Juliana Krieger de Oliveira ◽  
Antônio Martins de Oliveira Júnior ◽  
Beatriz Augusta Ferreira Santos
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Driving Forces ◽  
Innovation System ◽  
National Development ◽  
Fundamental Relation ◽  
Technology And Innovation ◽  
Research And Innovation ◽  
Science Technology ◽  
Science Technology And Innovation

Innovation has been pointed out as one of the main tools for the countries' economic development facing globalization. For economic growth to happen in an egalitarian way, it is necessary to strengthen, expand, consolidate and integrate a country's research and innovation capacities, that is, strengthening its National Science, Technology and Innovation System. In this system, it is primordial that t there is a close relationship between research institutes, ST & I developers, and companies, especially small and medium-sized enterprises (SMEs), considered to be key players in the socio-economic development of countries. Brazil already presents initiatives that seek to strengthen relations and encourage the development of technology among these actors. This article aims to discuss the relationships between the CT & I sector and its relations with SMEs, especially in Brazil, so that together they allow the development of the economy. For this, a brief literature review was carried out, which was structured in: Relation between ST&I and the national development, where will be treated some countries experience and where brazilian hystorical process will be shown; The importance of SMEs for a country economic growth, where the relations between ST&I and SME will be treated and also its indicators. Despite the innovation power for the development of the countries economies is in constant discussion, it is still a need for discussion between companies and SMEs as a fundamental relation for the growth of companies and consequently for the socio-economic growth, since as SMEs are today driving forces for development. For the central dialogue current in Brazil, the proceedings of these countries between ST & I and companies are required.

scholarly journals The Impact of Economic Growth on Pollution in Developed European Countries

2018 ◽  
Vol 1 (2) ◽  
pp. p1
Author(s):  
Lamia Jamel ◽  
Samir Maktouf
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Environmental Degradation ◽  
European Countries ◽  
Bidirectional Relationship ◽  
Econometric Methodology ◽  
European Economies ◽  
Causal Nexus ◽  
The Impact ◽  
Douglas Production Function

In our study, we empirically examine the influence of economic growth on environmental degradation in the developed European economies through the period of study beginning in 1985 to 2015. For the econometric methodology, we employ the Cobb-Douglas production function. From the tests of cointegration (Kao and Fisher tests), we corroborate the existence of a cointegration nexus among the economic growth and pollution. Also, we confirm the hypothesis of basic EKC which assumes the existence of a bidirectional relationship between economic growth and emissions of CO2 in developed European countries during the period of study (1985-2015). In addition, we conclude that there is a two-way causal nexus among energy consumption and pollution in developed European countries.

scholarly journals THE BUSINESS ENVIRONMENT OF THERUSSIAN-BELARUSIAN BORDER IN THE CONTEXT OF INTERSTATE INTEGRATION

2020 ◽  
Vol 6 ◽  
pp. 656
Author(s):  
Anton Kuzavko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Environment ◽  
Border Zone ◽  
Business Climate ◽  
Border Regions ◽  
Level Of Economic Development ◽  
Labor Resources ◽  
The One ◽  
Economic Growth Rates

The problem considered in the article is expressed in contradiction. On the one hand, the border position of the regions provides additional opportunities for the implementation of business ideas of international trade and cooperation. On the other hand, it can significantly change the business environment in comparison with other regions of the state, increasing competition and creating additional risks for entrepreneurs. The analysis explains the reason for the lag in the level of economic development of these regions from the national one. The aim of the study is to find evidence of hypothesis that the inter-metropolitan and at the same time border position of the regions of the two states engaged in political and economic integration negatively affects the economic development and business climate of these territories, stimulates the outflow of capital and labor resources - key factors of production. To achieve the goal, various methods are used, such as in-depth interviewing, questions from entrepreneurs, a retrospective analysis of historical facts of interstate interaction, but this article describes the results of the study obtained in the course of statistical analysis. This article discusses the elements of the business environment that directly or indirectly affect the behavior of economic and their desire to build and develop business in the border areas of Russia and Belarus. It is shown that over the years of integration, the economic growth rates of the Russian-Belarusian border regions lagged behind the national ones. Wages remained lower than the national average. This provokes the outflow of intellectual capital - the most important element of the business environment. Thus, the article shows that the integration of Russia and Belarus, despite the overall positive effect for the two states, limits the rate of economic growth in the border zone.  

scholarly journals Analysis of the impact of information communication technology on economic growth: empirical evidence from Asian countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Meta Ayu Kurniawati
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Communication Technology ◽  
High Income ◽  
Information Communication ◽  
Asian Countries ◽  
Middle Income ◽  
Content Type ◽  
Middle Income Countries ◽  
Ict Infrastructure

PurposeThis study examines the causal relationship between information communication technology (ICT) and economic growth in high-income and middle-income Asian countries.Design/methodology/approachThis study utilises a high-quality data from 25 Asian countries from 2000 to 2018. This study presents the robustness results by employing panel cointegration and estimation procedures to account for the endogeneity and cross-sectional dependence issues.FindingsThe results illustrate that high-income Asian countries have achieved positive and significant economic development from high Internet penetration. Additionally, the middle-income countries have started to benefit from ICT Internet. The findings show that the telephone line and mobile phone penetration is highly capable of promoting economic growth in middle-income Asian countries.Practical implicationsIn high-income Asia countries, an appropriate ICT infrastructure policy will support feasible ICT penetration, which may drive the processes of economic development and innovation that contribute to economic growth. Moreover, in middle-income Asian countries, the establishment of better-quality ICT service and infrastructure is more critical. Policymakers should accommodate sufficient support to establish the ICT infrastructure and expand ICT penetration.Originality/valueThis study reveals that high-income Asian countries have been more proactive and effective than middle-income countries in embracing ICT to foster economic growth. Examining the case of high-income and middle-income Asian countries provides comprehensive insight for policymakers regarding the relevance of ICT in boosting economic growth through the advantages of technology expansion.

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