scholarly journals Econometric examination of the impact of income on household expenditures for package holidays in Serbia

2021 ◽  
Vol 18 (1) ◽  
pp. 39-54
Author(s):  
Hasan Hanić ◽  
Milica Bugarčić ◽  
Radojko Lukić
Keyword(s):  
Statistical Tests ◽  
Basic Research ◽  
Household Expenditures ◽  
Engel Curves ◽  
Income Elasticities ◽  
Research Hypothesis ◽  
Functional Forms ◽  
The Subject ◽  
Household Heads ◽  
The Impact

The subject of this paper is the econometric examination of the impact of income on expenditures, i.e. on the demand for package holidays of households in Serbia. The aim of this paper is to quantify the impact of income on household expenditures for package holidays in the country and abroad on the basis of alternative functional forms of Engel curves and elasticities derived from them. The starting research hypothesis is that with the increase in household income, the share of expenditures for tourist arrangements in total household expenditures in Serbia remains approximately unchanged. As sources of data, Household Budget Surveys in Serbia were used, which were conducted every year, starting from 2006 (until 2019). Based on the different functional forms of Engel curves, the parameters of the impact of income on expenditures for package arrangements were estimated, and then income elasticities were estimated. In addition to the impact of income, the impact of qualitative characteristics of households and especially household heads on expenditures for tourist arrangements was examined. With the help of appropriate statistical tests, the basic research hypothesis was proven and the influence of socio-economic and demographic characteristics of households on the demand for package holidays was quantified.

scholarly journals Examination of the influence of impact on tobacco consumption in Serbia

2020 ◽  
Vol 67 (4) ◽  
pp. 1217-1231
Author(s):  
Hasan Hanić ◽  
Milica Bugarčić
Keyword(s):  
Household Income ◽  
Tobacco Consumption ◽  
The European Union ◽  
Tobacco Products ◽  
Engel Curves ◽  
Estimated Parameters ◽  
Functional Forms ◽  
The Subject ◽  
The Republic ◽  
The Impact

The subject of this paper is the econometric analysis of tobacco demand in Serbia. The aim of this paper is to quantify the impact of income and socioeconomic and demographic characteristics of households on tobacco expenditure based on microdata from the 2019 Household Budget Survey conducted by the Statistical Office of the Republic of Serbia according to the same methodology applied by the European Union Agency for Statistics. The influence of these factors was quantified on the basis of seven different functional forms of Engel curves, which are most often used in econometric empirical research. Based on the estimated parameters of the empirical specifications of Engel curves and the elasticity derived from them, the hypothesis of inelasticity of demand for tobacco products in relation to household income was tested.

scholarly journals Differential research impact in cancer practice guidelines’ evidence base: lessons from ESMO, NICE and SIGN

ESMO Open ◽  
2018 ◽  
Vol 3 (1) ◽  
pp. e000258 ◽  
Author(s):  
Elena Pallari ◽  
Anthony W Fox ◽  
Grant Lewison
Keyword(s):  
Practice Guidelines ◽  
Western Europe ◽  
Statistical Tests ◽  
Geographic Location ◽  
Basic Research ◽  
Research Impact ◽  
Evidence Base ◽  
Effective Decision Making ◽  
The Uk ◽  
The Impact

BackgroundThis is an appraisal of the impact of cited research evidence underpinning the development of cancer clinical practice guidelines (CPGs) by the professional bodies of the European Society for Medical Oncology (ESMO), the National Institute for Health and Care Excellence (NICE) and the Scottish Intercollegiate Guidelines Network (SIGN).MethodsA total of 101 CPGs were identified from ESMO, NICE and SIGN websites across 13 cancer sites. Their 9486 cited references were downloaded from the Web of Science Clarivate Group database, analysed on Excel (2016) using Visual Basic Application macros and imported onto SPSS (V.24.0) for statistical tests.ResultsESMO CPGs mostly cited research from Western Europe, while the NICE and SIGN ones from the UK, Canada, Australia and Scandinavian countries. The ESMO CPGs cited more recent and basic research (eg, drugs treatment), in comparison with NICE and SIGN CPGs where older and more clinical research (eg, surgery) papers were referenced. This chronological difference in the evidence base is also in line with that ESMO has a shorter gap between the publication of the research and its citation on the CPGs. It was demonstrated that ESMO CPGs report more chemotherapy research, while the NICE and SIGN CPGs report more surgery, with the results being statistically significant.ConclusionsWe showed that ESMO, NICE and SIGN differ in their evidence base of CPGs. Healthcare professionals should be aware of this heterogeneity in effective decision-making of tailored treatments to patients, irrespective of geographic location across Europe.

scholarly journals IMPACT OF HOUSEHOLD INCOME ON FOOD AND NON-ALCOHOLIC BEVERAGES CONSUMPTION IN BOSNIA AND HERZEGOVINA – A MICROECONOMIC APPROACH

2019 ◽  
Vol 17 (1) ◽  
Author(s):  
Lejla Dacić ◽  
Hasan Hanić
Keyword(s):  
Bosnia And Herzegovina ◽  
Household Income ◽  
Consumer Preferences ◽  
Household Consumption ◽  
Alcoholic Beverages ◽  
Equation Modeling ◽  
Engel Curves ◽  
Functional Forms ◽  
The Impact ◽  
Insight Into

The aim of this paper is to quantify the patterns of consumption of food and non-alcoholic beverages of households in Bosnia and Herzegovina in relation to household income - with a focus on the validity of the first Engel’s Law. The problem of household consumption in the last three decades has not been the subject of an analysis of any comprehensive study, both in Bosnia and Herzegovina and ex-Yugoslavia, which points to the relevance of this issue in Bosnia and Herzegovina. Empirical research is based on the econometric modeling of Engel curves using single equation modeling.. Household Budget Surveys in Bosnia and Herzegovina, available for four years (2004, 2007, 2011, 2015), are a key source of data, which are methodologically harmonized with the methodology of the Agency for Statistics of the EU. An analysis of the impact of income on household consumption has been made on the basis of data on income and food expenditure that are given on a monthly basis. Taking into account 6 functional forms and three territorial coverage (FBiH, RS and BiH) for each year of the survey there were 18 regressions estimated. The OLS-Ordinary Least Squares method was used to estimate the parameters of the regression equations based on the sample. Of all the functional forms of the Engel curves, which are estimated in the paper, the double logarithmic form best fits to food and non-alcoholic beverages consumption and it is distinguished as representative. The results of the econometric modelling of Engel’s curves were expected to confirm the significance of income as a key determinant of consumption, but also provided a deeper insight into the explanatory power that income has in explaining the variation in household expenditure on food and non-alcoholic beverages. The information on the intensity of the impact of income on changes in consumption (expenditure) provides income demand elasticities, which are a key parameter in the empirical check of the validity of Engel’s laws. The estimated value of the income elasticity is smaller than the unit and in accordance with the first Engel law. Comparison of the estimated parameters of model for different years gives an insight into the time stability of consumer preferences of households. Estimated income elasticities of food and non-alcoholic drinks show volatility in the observed period, which implies a change in consumer preferences. The results of this paper can serve as a basis for future extensive econometric research of personal consumption of the population of Bosnia and Herzegovina.

Managing Service Quality, Food Quality, Price Fairness and Customer Retention: A Holistic Perspective

2020 ◽  
Vol 2 (1) ◽  
pp. 1-5
Author(s):  
Ammar Ahmed ◽  
Rafat Naseer ◽  
Muhammad Asadullah ◽  
Hadia Khan
Keyword(s):  
Service Quality ◽  
Food Quality ◽  
Service Sector ◽  
Customer Retention ◽  
Price Fairness ◽  
Policy Makers ◽  
Restaurant Management ◽  
The Subject ◽  
Research Propositions ◽  
The Impact

In this competitive environment, organizations strive to satisfy their customer by providing best quality service at affordable and fair prices with a view to enhance their revenues. To achieve the objective of revenue maximization, organizations strive to identify the factors that help them in retaining their customers. Drawing from the signalling theory of marketing, the current study proposes a novel conceptual model representing the impact of service quality with food quality and price fairness on customer retention in restaurant sector of Pakistan. The paper underlines an important arena of knowledge for academicians as well as organizational scientists on the subject. On the basis of literature available on the variables understudy, the present study forwards eight research propositions worthy of urgent scholarly attention. The conceptualized model of the present article can also be viewed significant in unleashing further avenues for the restaurant management entities, policy makers and future researchers in the domain of managing in the service sector businesses.

Solow economy model

2019 ◽  
pp. 150-157
Author(s):  
Oleksandr Synenko ◽  
Kateryna Yarema ◽  
Yuliia Bezsmertna
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Solow Model ◽  
Economy Model ◽  
Accelerated Depreciation ◽  
Basic Parameters ◽  
The Subject ◽  
Investment Process ◽  
The Impact ◽  
Model Algorithm

The subject of the research is the approach to the possibility of using the Solow model to perform the regression analysis on the example of the Ukrainian economy model. The purpose of writing this article is to investigate the notion of regres- sion analysis, Solow’s economy model, algorithm for performing regression analy- sis on the example of Ukraine’s economy model. This model can be adapted for the economy of enterprises. Methodology. The research methodology is system-struc- tural and comparative analyzes (to study the structure of GDP); monograph (when studying methods of regression analysis on the example of the Ukrainian economy); economic analysis (when assessing the impact of factors on Ukraine’s GDP). The scientific novelty consists the features of the use of the Solow model on the ex- ample of Ukrainian economy are determined. An algorithm for calculating the basic parameters of a model using the Excel application package is disclosed. The main recommendations on the development of the national economy and economic growth through the use of macroeconomic instruments are given. Conclusions. The use of the Solow model enables forecasting and analysis. The results obtained re- vealed the problem of low resource return of capital as a resource, along with the means of macroeconomic regulation of the investment process, using which can improve the situation. A special place in these funds belongs to the accelerated depreciation and interest rate policies.

Assessment of small businesses activities in Ukraine

2019 ◽  
pp. 40-47
Author(s):  
Igor Ponomarenko ◽  
Kateryna Volovnenko
Keyword(s):  
Comparative Analysis ◽  
Statistical Analysis ◽  
Small Business ◽  
Small Businesses ◽  
Government Agencies ◽  
Small Enterprises ◽  
The Subject ◽  
Business Entities ◽  
The Impact ◽  
Micro Enterprises

The subject of the research is a set of approaches to the statistical analysis ofthe activities of small business entities in Ukraine, including micro-enterprises. The purpose of writing this article is to study of the features of functioningof small business entities in Ukraine. Methodology. The research methodology isto use a system-structural and comparative analysis (to study the change in thenumber of small enterprises by major components); monographic (when studyingmethods of statistical analysis of small businesses); economic analysis (when assessing the impact of small business entities on socio-economic phenomena andprocesses in Ukraine). The scientific novelty consists to determine the features ofthe functioning of small businesses in Ukraine in modern conditions. The influenceof the activities of the main socio-economic and political indicators on the activities of small enterprises in recent periods of time has been identified. It has beenestablished that there is flexibility in the development of strategies by small businesses in conditions of significant competition, which makes it possible to quicklyrespond to changing situations in specific markets. Conclusions. The use of acomprehensive statistical analysis of small businesses functioning in Ukraine willallow government agencies to develop a set of measures to optimize the activitiesof these enterprises, which ultimately will positively affect the strengthening oftheir competitiveness and will contribute to the growth of the national economicsystem.

The Impact of Quantitative Easing on Emerging Markets – Literature Review

e-Finanse ◽  
2018 ◽  
Vol 14 (4) ◽  
pp. 67-76
Author(s):  
Piotr Bartkiewicz
Keyword(s):  
Emerging Markets ◽  
Large Scale ◽  
Empirical Literature ◽  
Quantitative Easing ◽  
Methodological Choices ◽  
The Subject ◽  
Methodological Approaches ◽  
The Impact ◽  
Sufficient Precision

AbstractThe article presents the results of the review of the empirical literature regarding the impact of quantitative easing (QE) on emerging markets (EMs). The subject is of interest to policymakers and researchers due to the increasingly larger role of EMs in the world economy and the large-scale capital flows occurring after 2009. The review is conducted in a systematic manner and takes into consideration different methodological choices, samples and measurement issues. The paper puts the summarized results in the context of transmission channels identified in the literature. There are few distinct methodological approaches present in the literature. While there is a consensus regarding the direction of the impact of QE on EMs, its size and durability have not yet been assessed with sufficient precision. In addition, there are clear gaps in the empirical findings, not least related to relative underrepresentation of the CEE region (in particular, Poland).

An influence of social isolation on the level of physical activity as well as on well-being and mental state of people during the coronavirus COVID-19 pandemic

2019 ◽  
Vol 129 (4) ◽  
pp. 127-131
Author(s):  
Agnieszka Parfin ◽  
Krystian Wdowiak ◽  
Marzena Furtak-Niczyporuk ◽  
Jolanta Herda
Keyword(s):  
Physical Activity ◽  
Social Isolation ◽  
Small Sample Size ◽  
Statistical Tests ◽  
Population Group ◽  
Well Being ◽  
Small Sample ◽  
Subjective Well Being ◽  
Tract Infections ◽  
The Impact

AbstractIntroduction. The COVID-19 is the name of an infectious disease caused by a new strain of coronavirus SARS-CoV-2 (Severe Acute Respiratory Syndrome Coronavirus 2). It was first diagnosed in December 2019 in patients in Wuhan City, Hubei Province, China. The symptoms are dominated by features of respiratory tract infections, in some patients with a very severe course leading to respiratory failure and, in extreme cases to death. Due to the spread of the infection worldwide, the WHO declared a pandemic in March 2020.Aim. An investigation of the impact of social isolation introduced due to the coronavirus pandemic on selected aspects of life. The researchers focused on observing changes in habits related to physical activity and their connections with people’s subjective well-being and emotional state.Material and methods. The study was carried out within the international project of the group „IRG on COVID and exercise”. The research tool was a standardized questionnaire.Results. Based on the data collected and the analysis of the percentage results, it can be observed that the overwhelming majority of people taking up physical activity reported a better mood during the pandemic. However, statistical tests do not confirm these relationships due to the small sample size.Conclusions. Isolation favours physical activity. Future, in-depth studies, by enlarging the population group, are necessary to confirm the above observations.

Assessment of sensitivity of the efficiency of regional tax spending towards investment attractiveness of the types of economic activity carried out by the residents of advanced development territory

2020 ◽  
pp. 98-110
Author(s):  
Evgeniya Mikhailovna Popova ◽  
Guzel Mukhtarovna Guseinova ◽  
Sergei Borisovich Milov
Keyword(s):  
Economic Activity ◽  
Socioeconomic Development ◽  
Federal District ◽  
Tax Incentives ◽  
Capital Investments ◽  
The Subject ◽  
Investment Process ◽  
The Impact ◽  
Advanced Development

The deficit of subnational budgets and deceleration capital investments in multiple Russian regions increase the relevance of research aimed at improvement of tax incentivizing practice of the regional investment process. The studies focused on determination of the impact of socioeconomic and institutional factors upon the efficiency of investment tax expenses obtained wide circulation within the foreign scientific literature. The subject of this article is the assessment of sensitivity of the efficiency of regional tax expanses towards investment attractiveness of the types of economic activity carried out by the residents of territories of advanced socioeconomic development, created in the subjects of Far Easter Federal District. The scientific novelty and practical values of this research consists in substantiation of the reasonableness of assessment of investment attractiveness of the types of economic activity that are stimulated by tax incentives. Methodology for assessing investment attractiveness is proposed and tested. The conclusion is made that in case of low investment attractiveness of the type of economic activity, which was planned to support by tax incentives, it is required to conduct and additional analysis to avoid unjustified tax expanses.

Anne O. Krueger, Constantine Michalopoulos and Vernon W. Ruttan. Aid and Development. Baltimore: The Johns Hopkins University Press. 1989. xiv + 386 pp.Price: U.S. $ 52.00

1991 ◽  
Vol 30 (2) ◽  
pp. 213-217
Author(s):  
Mir Annice Mahmood
Keyword(s):  
United States ◽  
Economic Development ◽  
International Development ◽  
Western Europe ◽  
Development Assistance ◽  
The United States ◽  
Social Infrastructure ◽  
Low Literacy ◽  
The Subject ◽  
The Impact

Foreign aid has been the subject of much examination and research ever since it entered the economic armamentarium approximately 45 years ago. This was the time when the Second World War had successfully ended for the Allies in the defeat of Germany and Japan. However, a new enemy, the Soviet Union, had materialized at the end of the conflict. To counter the threat from the East, the United States undertook the implementation of the Marshal Plan, which was extremely successful in rebuilding and revitalizing a shattered Western Europe. Aid had made its impact. The book under review is by three well-known economists and is the outcome of a study sponsored by the Department of State and the United States Agency for International Development. The major objective of this study was to evaluate the impact of assistance, i.e., aid, on economic development. This evaluation however, was to be based on the existing literature on the subject. The book has five major parts: Part One deals with development thought and development assistance; Part Two looks at the relationship between donors and recipients; Part Three evaluates the use of aid by sector; Part Four presents country case-studies; and Part Five synthesizes the lessons from development assistance. Part One of the book is very informative in that it summarises very concisely the theoretical underpinnings of the aid process. In the beginning, aid was thought to be the answer to underdevelopment which could be achieved by a transfer of capital from the rich to the poor. This approach, however, did not succeed as it was simplistic. Capital transfers were not sufficient in themselves to bring about development, as research in this area came to reveal. The development process is a complicated one, with inputs from all sectors of the economy. Thus, it came to be recognized that factors such as low literacy rates, poor health facilities, and lack of social infrastructure are also responsible for economic backwardness. Part One of the book, therefore, sums up appropriately the various trends in development thought. This is important because the book deals primarily with the issue of the effectiveness of aid as a catalyst to further economic development.

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