scholarly journals Impact of Corporate Governance Framework on Economic Performance in European Union

2018 ◽  
Vol 11 (40) ◽  
pp. 236-246
Author(s):  
Dušan Steinhauser ◽  
Miroslava Čukanová
Keyword(s):  
European Union ◽  
Corporate Governance ◽  
Gross Domestic Product ◽  
Economic Performance ◽  
Conflict Of Interest ◽  
Institutional Environment ◽  
Judicial Independence ◽  
The European Union ◽  
Per Capita

Abstract In the current post-crisis period, the implementation of Corporate Governance principles has proven to be important. The Organization of Economic Cooperation and Development considers failure of Corporate Governance as one of the causes of the latest financial and economic crisis. We assume that the higher quality of institutional environment point to higher performance of the economy. The aim of the paper is to quantify the implementation of Corporate Governance in the European Union through selected qualitative indicators and his impact on economies. We have verified that countries with better values of judicial independence, protection of property rights, corruption, minority investor protection, extent of conflict of interest and resolving insolvency have a higher value of gross domestic product per capita. The index of enforcing contracts was statistically insignificant.

Improving the Quality of the Comply or Explain Approach and Introducing Self-Monitoring Through Online Feedbacks

2017 ◽  
Vol 14 (3) ◽  
Author(s):  
Renato Mangano
Keyword(s):  
European Union ◽  
Corporate Governance ◽  
National Level ◽  
The European Union ◽  
Light Touch ◽  
Self Monitoring ◽  
Corporate Governance Code ◽  
The Core ◽  
Comply Or Explain

Codes of corporate governance and comply or explain approach are always at the core of the European Union agenda. This paper will deal both with the evolution of codes of corporate governance across Europe, and with the 2014 Recommendation. The idea put forwards is that regulators, at both EU and national level, should mainly improve the environment where the comply or explain approach is applied and introduce a system of self-monitoring through online feedbacks only. Arguably, this proposal might offer Member States a light-touch way to comply with Art. 11 of the 2014 Recommendation laying down that “[i]n order to motivate companies to comply with the relevant corporate governance code or to better explain departures from it, efficient monitoring needs to be carried out at national level.”

Results of European Union Cohesion Policy in Terms of Quality of Life Improvement on a Regional Level (as Exemplified by Eastern Poland)

2020 ◽  
Vol 18 (1) ◽  
pp. 53-69
Author(s):  
Teresa Miś ◽  
Dariusz Zając
Keyword(s):  
Quality Of Life ◽  
European Union ◽  
Local Governments ◽  
The European Union ◽  
Cohesion Policy ◽  
Peripheral Location ◽  
Life Improvement ◽  
Per Capita ◽  
The Eu

The aim of the article is to evaluate the significance of the European Union funds supporting the cohesion policy, which the Eastern Polish local governments benefit from in order to improve their residents’ quality of life. Empirical data used in the research concerns five provinces located in Eastern Poland and the research data comes from the sources of the Polish Main Statistical Office in Warsaw. The temporal scope of the study encompasses the period 2004-2018. The choice of the spatial scope of the research is justified by the peripheral location of Eastern Poland, as well as the fact that this region benefits from the EU Programme financially supporting local government units. The article elaborates on the use of the EU funds aiming to enhance the cohesion policy performed by local governments of Eastern Poland and the residents’ opinion on the improvement of their quality of life. The research proves that the provinces of Eastern Poland are particularly qualified to gain financial funding from the European Union due to their lower level of Gross Domestic Product per capita compared to the country as a whole. According to the residents of Eastern Poland, their quality of life has improved and can be treated as comparable to the country’s average, even though slightly worse. The research confirms the elaboration’s hypothesis that the use of the EU funds by the local governments in Eastern Poland results in the increased country cohesion measured by the improvement of residents’ quality of life. This, in turn, constitutes a vital outcome of the European Union cohesion policy.

scholarly journals Burden of Stroke in Europe

Stroke ◽  
2020 ◽  
Vol 51 (8) ◽  
pp. 2418-2427 ◽  
Author(s):  
Hatem A. Wafa ◽  
Charles D.A. Wolfe ◽  
Eva Emmett ◽  
Gregory A. Roth ◽  
Catherine O. Johnson ◽  
...  
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Percentage Change ◽  
Annual Percentage Change ◽  
The European Union ◽  
Disability Adjusted Life Years ◽  
Disability Adjusted Life ◽  
Life Years ◽  
Life Years Lost ◽  
Per Capita

Background and purpose: Prediction of stroke impact provides essential information for healthcare planning and priority setting. We aim to estimate 30-year projections of stroke epidemiology in the European Union using multiple modeling approaches. Methods: Data on stroke incidence, prevalence, deaths, and disability-adjusted life years in the European Union between 1990 and 2017 were obtained from the global burden of disease study. Their trends over time were modeled using 3 modeling strategies: linear, Poisson, and exponential regressions―adjusted for the gross domestic product per capita, which reflects the impact of economic development on health status. We used the Akaike information criterion for model selection. The 30-year projections up to 2047 were estimated using the best fitting models, with inputs on population projections from the United Nations and gross domestic product per capita prospects from the World Bank. The technique was applied separately by age-sex-country groups for each stroke measure. Results: In 2017, there were 1.12 million incident strokes in the European Union, 9.53 million stroke survivors, 0.46 million deaths, and 7.06 million disability-adjusted life years lost because of stroke. By 2047, we estimated an additional 40 000 incident strokes (+3%) and 2.58 million prevalent cases (+27%). Conversely, 80 000 fewer deaths (–17%) and 2.31 million fewer disability-adjusted life years lost (–33%) are projected. The largest increase in the age-adjusted incidence and prevalence rates are expected in Lithuania (average annual percentage change, 0.48% and 0.7% respectively), and the greatest reductions in Portugal (–1.57% and –1.3%). Average annual percentage change in mortality rates will range from −2.86% (Estonia) to −0.08% (Lithuania), and disability-adjusted life years’ from −2.77% (Estonia) to −0.23% (Romania). Conclusions: The number of people living with stroke is estimated to increase by 27% between 2017 and 2047 in the European Union, mainly because of population ageing and improved survival rates. Variations are expected to persist between countries showing opportunities for improvements in prevention and case management particularly in Eastern Europe.

scholarly journals Variables selection for quality of life evaluation in the European Union

2012 ◽  
Vol 60 (7) ◽  
pp. 199-206
Author(s):  
Zuzana Pacáková
Keyword(s):  
Quality Of Life ◽  
European Union ◽  
Economic Performance ◽  
Well Being ◽  
Empirical Literature ◽  
The European Union ◽  
Data Set ◽  
Life Evaluation ◽  
Different Levels

In 2008 Commission on the Measurement of Economic Performance and Social Progress introduced eight dimensions characterizing the economic performance as well as social well-being without proposing concrete list of variables. The aim of the article is therefore to propose a set of indicators for overall quality of life evaluation in the European Union in accordance to the dimensions introduced by the Commission. Part of the main objective is to propose a methodological tool for selection of indicators reflecting the needs of evaluating quality of life in the European Union. At the beginning a set of 114 variables was completed as a result of the findings listed by the Commission and based on empirical literature. The primary data set was reduced in two consecutive steps. The first step aims to reduce the correlation among the variables. As a result of the second steps, variables reflecting the different levels among consistent groups of states were selected. Therefore, the methodical approach in the second step was based on nonparametric procedures (tests) used to identify variables that are of significantly different levels in clusters identified by cluster analysis. As a result set of 52 variables for quality of life evaluation drawn from 4 different data sources was introduced.

scholarly journals QUALITY OF INSTITUTIONS IN CANDIDATE AND POTENTIAL CANDIDATE COUNTRIES COMPARED TO THE NEWEST EUROPEAN MEMBERS

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Jelena Trivić
Keyword(s):  
European Union ◽  
Institutional Environment ◽  
Nobel Laureate ◽  
Potential Candidate ◽  
The European Union ◽  
Governance Indicators ◽  
Two Samples ◽  
Quality Of Institutions ◽  
World Governance Indicators

This paper deals with the quality of institutions in two samples. The first sample consists of candidates and potential candidates for membership in the European Union - Albania, Bosnia and Herzegovina, Serbia and N. Macedonia, while the second sample consists of the youngest member states of the European Union - Croatia, Bulgaria and Romania. In some of the earlier papers, as a co-author or author, I compared the countries of the region with the members of "New Europe", i.e. the countries that became members of the EU in 2004, but a glance look at the data today led me to the conclusion that the quality of the institutional environment in the region is more logical to compare with the newest EU members. Even in comparison with these countries, our region lags significantly behind. As a database for the quality of institutions, I used the World Governance Indicators developed by Kaufman et al. (2010). Institutions are defined as they were defined by Nobel laureate Douglas North and after him, a whole group of economists under the auspices of the New Institutional Economy.

scholarly journals DEVELOPMENT OF REGIONAL DIFFERENCES OF SLOVAK HIGHER TERRITORIAL UNITS IN YEARS 2009-2018

2021 ◽  
Author(s):  
Kristína Jánošková ◽  
◽  
Barbora Jánošková ◽  
Dagmar Petrušová ◽  
◽  
...  
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Regional Differences ◽  
Slovak Republic ◽  
National Level ◽  
Regional Disparities ◽  
Regional Level ◽  
Domestic Product ◽  
The European Union ◽  
Per Capita

The establishment of the regional level in Slovakia was one of the conditions for our accession to the European Union. Its real creation took place in the Slovak Republic two years before the accession to the European Community. Despite the efforts of the Cohesion Policy of the European Union to reduce regional disparities across the member states of the EU, at the regional level of the Slovak Republic, it is possible to constantly monitor differences in the development of the regions. Their elimination is the main objective of Slovak regional policy. The representatives of the national level use the European Union’s support policy to gradually reduce or eliminate the regional disparities. This policy offers the possibility of drawing financial resources from several funds. The indicator of differences in regional development is the regional gross domestic product per capita. By monitoring and analysing its evolution over several years, it is possible to see whether disparities at the regional level are being reduced or, on the contrary, are deepening. In the following article, to determine the current state of regional differences, we present the development of regional disparities of Slovak higher territorial units in 2009-2018 through monitored data on regional gross domestic product per capita at current prices.

scholarly journals Slovenia

2008 ◽  
Vol 5 (3) ◽  
pp. 67-68
Author(s):  
Slavko Ziherl ◽  
Blanka Kores Plesnicar
Keyword(s):  
European Union ◽  
Mental Illness ◽  
Gross Domestic Product ◽  
Birth Rate ◽  
Western Europe ◽  
Ageing Population ◽  
The European Union ◽  
Per Capita ◽  
Countries In Transition ◽  
Low Birth Rate

Slovenia, with an area of 20 000 km2 and a population of 2 million, is one of the smallest members of the European Union. It gained its independence from Yugoslavia in 1991. The country has a gross domestic product (GDP) of US$27 300 per capita. (Largely because of its historical links with Western Europe, Slovenia has a higher GPD compared with other countries in transition in Central Europe.) The health budget represents 8.4% of GDP. Slovenia has a low birth rate and an ageing population. It is divided into 210 municipalities; however, the re organisation of government into several separate regions with more administrative and economic autonomy is in progress. The prevalence of mental illness is comparable to that in other European countries, although there are high levels of alcoholism and suicide.

scholarly journals Why regions fail (or succeed). The Role of Government Institutions in the Long-Run

2019 ◽  
Vol 8 (2) ◽  
pp. 114-144
Author(s):  
Filippo Bonanno
Keyword(s):  
European Union ◽  
Low Income ◽  
The European Union ◽  
Role Of Government ◽  
Income Per Capita ◽  
Government Institutions ◽  
Long Run ◽  
Quality Of Institutions ◽  
Per Capita

This paper represents an attempt to reconcile some general intuitions provided by Daron Acemoglu and James A. Robinson in the book “Why Nations Fail” with the case of the deep regional disparities in the economic performances observed within the “Western” European Union during the period 2001-2015. By adopting an approach to growth analysis based on binary response models, this paper quantifies the extent to which the quality of government institutions has shaped regional economic performances in the European Union throughout the period comprising the Great Recession. Empirical results show that: 1) The higher is the quality of institutions, the higher is the probability that a region with high income per capita will grow above the levels of the European Union as a whole. 2) The higher is the quality of institutions, the lower is the probability that a low-income region will grow below the levels of European Union as a whole. 3) The higher is the quality of institutions, the higher (lower) is the probability that any region, regardless of its income per capita, will outperform (underperform) the European Union as a whole. 4) The higher is the quality of Institutions, the lower is the probability that a region will “fail” to grow.

EVALUATION OF EXPORT DEVELOPMENT OPPORTUNITIES FROM TURKEY TO LITHUANIA

2015 ◽  
Author(s):  
Agnė JOTAUTAITĖ ◽  
Eglė JOTAUTIENĖ
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Foreign Trade ◽  
Empirical Research ◽  
Domestic Product ◽  
The European Union ◽  
Database Analysis ◽  
Fast Growing ◽  
Agriculture Industry ◽  
Textile Products

In this paper, export opportunities of textile products from Turkey to Lithuania are analyzed. The main goal of this article is to present an analysis of the opportunities to import textile products from Turkey to Lithuania. The empirical research basing on the statistical database analysis was used. The analysis of Turkey’s markets was showed that the economy is strongly dependent on exports of various products from Turkey and it is about one forth of Turkey’s GDP (Gross Domestic Product). The bulk of exports from Turkey is t o countries in the European Union. Turkey is one of the world’s largest manufacturers and exporters of textiles. The analysis of Lithuanian markets was indicated that Lithuania has a feasible market for imports due to its fast growing GDP, increasing labor wages and modernization of agriculture industry. Furthermore, advantageous and adequate policies of Lithuania’s foreign trade should encourage the development of imports to this country. The demand for textile products in Lithuania is growing rapidly and it is one of the most important sectors in fostering its economy

Sign in / Sign up

Export Citation Format

Share Document