scholarly journals Statistical and econometric analysis of the correlation between financial transactions and real economy

Author(s):  
Simona-Andreea Apostu

Abstract The economic activity generates two types of flows: flows of goods and services and cash flows. These two types of flows generate two types of circuits in the economy, flows of goods and services generate the circuit corresponding to real economy and monetary flows (incomes and expenditures) generate the monetary - financial circuit. The monetary circuit is fundamentally determined by the level and structure of real economy. Comparing production revenue used for consumption with the amount of products and services produced and purchased, an average pricing is obtained. Unless the condition that the revenues generated in the economy are equal to production, it will lead to rising prices, i.e., inflation. Therefore, an adequate correlation between financial flows and real economy must be ensured. From this perspective, were analysed countries from European Union over time, using panel analysis.

Author(s):  
Elzbieta Broniewicz

The main objective of the following paper is to present the Environmental Goods and Services Sector (EGSS) in European Union countries. The Environmental Goods and Services Sector is one of the modules of environmental economic accounts, as satellite accounts in relation to national accounts. The first part of the paper gives an overiew of EGSS definitions and classifications. In second part, the comparison between the EGSS variables in certain EU countries was made. The output, export and employment of the Environmental Goods and Services System were analyzed. The data is presented by environmental protection domains and natural resources managements domains, as well as by economic activity.


Author(s):  
Constantin Anghelache ◽  
Gabriela Victoria Anghelache ◽  
Mădălina-Gabriela Anghel

Abstract The economic activity of a country is achieved both by domestic activity and by international economic and technical-scientific exchanges. International commercial activity is a necessary one nowadays. This is because there is no state capable of performing an autarchic activity. Regardless of of the technical, scientific, resource, and level of development, any state needs to participate in international economic, technical and scientific exchanges. Through international economic exchanges, the need for resources, means of production, labor resources or goods and services is completed. Also in this economic activity of international exchanges is realized the capitalization of surplus production, goods and services, surplus fixed capital, which is offered for export or as a possibility of cooperation in international projects. Thus, the activity of international exchanges is a necessity for each state. Under the conditions of the European Union, in which Romania is a member, there are a number of facilities and in this respect they are being implemented or are being implemented under the European Directive on trade without borders. In this respect, between the Community countries, in the exchange of goods and services, protection measures such as the import tax are no longer practiced and VAT is no longer charged. The international economic exchanges are a significant role in the final result materialized in the level of gross domestic product achieved in each period of time. The countries that import and do it to supplement domestic needs means that they spend part of the value realized in domestic activity to make imports. The exports are made with surplus goods and services that go to other states. In the European Union there are intra-community economic exchanges, complemented by extra-community international economic relations. The authors have studied this aspect and have found that intra-community economic relations have developed more intensively than non-EU economic relations over the last period. In other respects, states are grouped into two categories, ie states with surplus international economic relations, ie states that export more than imports and the second group, countries with activities in the international deficient relations, which imports more than just exports. Comparison between exports and imports results in net exports that may be a surplus or deficit. Romania has always been a deficit country since 1990 and it has to be analyzed in the sense that, due to the difference in favor of imports, part of the gross domestic product made in Romania diminishes with this deficit. The authors, by analyzing this data, highlight how the activity of international economic exchanges has evolved.


Author(s):  
Ľubica Hurbánková ◽  

The paper deals with the analysis of unemployment in European Union countries on the basis of data of the unemployment rate and the number of unemployed. The data are obtained from the Eurostat website. The aim of the paper is to find out how the number of unemployed in individual EU countries changed in 2018 compared to 2009, in which country the number of unemployed increased the most, in which the least. Appropriate tools of economic statistics are used for the analysis. Based on a four-factor model of the analysis of the number of unemployed, we find out how this indicator has changed depending on the change in the unemployment rate, the economic activity rate, the share of the working age population in the total population, and the total population. The application of statistical method is implemented through the programme Microsoft Office Excel.


2018 ◽  
Vol 63 (3) ◽  
pp. 330-349 ◽  
Author(s):  
Marco Claudio Corradi

Medieval Italian Comuni are often considered as one of the cradles of the modern capitalist spirit. Comuni introduced economic legislation in an attempt to counteract restrictions to competition on the one hand and to control the price of certain goods and services on the other. Price control of basic commodities was often motivated by reasons of public order – such as preventing commoners’ riots. Despite some loose analogies with the modern European Union competition law approach to pricing – namely in the area of excessive pricing – the Italian medieval Comuni pricing theory and practice substantially differed from the modern European Union one. Medieval theory struggled in reconciling market mechanisms with costs analysis and missed the distinction between efficiency and distribution. Moreover, medieval Comuni market variables were substantially divergent from the modern European ones. Despite Comuni being the wealthiest areas in Europe in those days, their consumers had significantly lower buying power, they were affected by different cognitive biases than modern consumers and they were highly segmented from a gender perspective. Medieval producers, that is artisans, did not enjoy the degree of market power that characterizes modern oligopolists. Artisans produced goods for merchants who were the main promoters of trade and economic development. Merchants often succeeded in squeezing artisans’ profits, granting consumers lower prices for manufactured goods, at times also thanks to free trade policies pursued by Comuni administrations.


2021 ◽  
pp. 570-573
Author(s):  
M.A. Polozhishnikova ◽  
E.Yu. Raikova

The article defines the features of higher education in the Eurasian Economic Union and the prospects for cooperation with the European Union in the field of training personnel capable of solving the problems of eliminating technical barriers in the implementation of foreign economic activity and identifies the main integration processes in the higher education system.


Author(s):  
Л.И. Хомякова

Институты содействия международному развитию являются важным ресурсом для подготовки, реализации и финансирования проектов, а также выработки мер поддержки внешнеэкономической политики (в том числе в рамках государственно-частного партнерства). Пандемия Covid-19 выявила необходимость перераспределения потоков официальной помощи развитию и финансовых потоков, нацеленных на поддержку внешнеэкономической деятельности, с целью минимизации последствий пандемии. Существенную роль выполняют программы финансирования, реализуемые международными и региональными институтами содействия международному развитию. International Development Assistance Institutions are an important resource for the preparation, implementation and financing of projects, as well as for the development of measures to support foreign economic policy (including within the framework of public-private partnerships). The Covid-19 pandemic has highlighted the need to redistribute the flows of official development assistance and financial flows aimed at supporting foreign economic activity in order to minimize the consequences of the pandemic. Funding programs implemented by international and regional institutions for international development assistance play a significant role.


Author(s):  
Roman Greshko ◽  
◽  
Violetta Kharabara ◽  
Olena Tretyakova ◽  
◽  
...  

Efficient management of cash flows of the enterprise provides predict activities in a modern organization. The issue of ensuring balancing and synchronization of outflow and inflow of cash and their equivalents is important for any enterprise. The urgency of the study greatly increases in conditions of complex economic processes that create significant risks and difficulties in conducting a balanced cash flow management policy. The purpose of this study is to substantiate the theoretical and methodological principles of management of cash flows of the enterprise, which provides for the determination of the content of the concept of cash flows, their types and classification, as well as the formulation of methodological approaches to the management of cash flows of the enterprise. The theoretical basis for conducting research is the work of domestic and foreign scientists who studied the issue of managing the cash flows of the enterprise. In the course of the study of theoretical and methodological bases of management of cash flows of the enterprise, economic content and value of cash flows of the enterprise are determined. In the course of studying the approaches of various scholars, the proper definition of cash flows, which characterizes them as the receipt and payment of highly liquid assets of the enterprise within the framework of financial, investment and current activities of the enterprise, is formulated in order to ensure uninterrupted production, sales and other work, which leads to a change in the amount on the current account in the bank and the balance in the box office. Also in the article, methodological approaches to managing cash flows of enterprises that provide for quality accounting and collection of information on funds, analysis of preliminary management experience, substantiation of optimization measures, drawing up a payment calendar for the next year, control over the implementation of a substantiated cash flow management policy. Measures are determined to balance cash flow due to leasing, use of leasing, buying, emission or sale of corporate bonds or other securities, changing the policy of selling goods and services.


Legal Ukraine ◽  
2019 ◽  
pp. 31-35
Author(s):  
Alice Osadko

This article describes conversion centers, examines the specific issues of counteracting their operations as one of the most effective mechanisms for shading money out of the real economy, and identifies some of the weaknesses that exist in eliminating these centers, and suggests ways to address them. Due to the political and legislative changes that are taking place in our country, the authorities' desire to stabilize the country's anti-corruption economy, and unlawful mechanisms in this field are undergoing significant changes. Yes, criminal organizations have recently been set up in Ukraine, existing as large conversion centers designed to cover up economic crimes by illegally converting cash into cash or vice versa. The Conversion Center article is a carefully structured and well-structured stable crime group that exists with a commercial bank or in close collaboration. The purpose of the article is to investigate the activities of conversion centers and to counteract their functioning in the context of the fight against corruption and economic crime. An analysis of current law and practice shows that the functions of counteracting crime in the financial sector, namely the operation of conversion centers, are unjustifiably divided into departments and often duplicated. In particular, such powers are vested in the units of the National Police), the Security Service of Ukraine, the Tax Police (DFS). According to the National Institute for Strategic Studies under the President of Ukraine, in Europe there are two options for the full integration of law enforcement in the fight against economic crime: within the Ministry of the Interior and the Ministry of Finance. All this requires the formation of the concept of strategic construction and determining the location of the tax police or financial investigation service (DFS or FIU) in the fight against economic (tax) crime. This concept should define the basic directions and principles of improvement of managerial, organizational and personnel work, legal, personnel, resource and other law enforcement activity in the specified field on the basis of analysis and assessment of tax security of the person, society and the state. Key words: fictitious enterprise, conversion centers, financial transactions, legalization of income, liability, decriminalization, fraud.


Author(s):  
Edilson Ferneda ◽  
Fernando William Cruz ◽  
Hércules Antonio Do Prado ◽  
Renato da Veiga Guadagnin ◽  
Laurindo Campos Dos Santos ◽  
...  

Interoperability is one of the fundamental requirements to enable electronic government. Its implementation can be classified into technical, syntactic, semantic, and organizational levels. At the semantic level, ontology is regarded as a practical solution to be considered. In this context, its adoption was identified in several countries, with different levels of maturity and so many focuses as the specific implementations. One of the main challenges to be overcome is the legal question that refers to the legislation to assure “the preservation of the legal meaning of data”. The lack of efficient mechanisms to support the deployment and use of ontologies can turn the overall task time-expensive, restricted in scope, or even unfeasible. Additionally, many initiatives are recent and need to be validated over time. This paper presents a non-exhaustive survey of the state of interoperability in e-government from the perspective of ontologies' use. The cases of Palestine, European Union, Netherlands, Estonia, and Brazil are discussed.


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