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Found 19 search results for: effectiveness
Wioletta Mierzejewska (2021/5, Articles,
Intra-organizational competition within business groups
Business groups as one of the forms of capital concentration began to appear in developed economies from the end of the 19th century as a result of geographical expansion, diversification and the development of enterprises stimulated by industrialization. Currently, they take a significant part of the value added in the economy. In the context of institutional regulation of transactions (...)
Beata Stępień, Patrick M. Weber (2020/4, Articles,
The effectiveness of economic sanctions depends on their compliance by enterprises, reduced to the role of tools in the political struggle of the states. The involvement of companies in this game depends on their perception of the legitimacy and inevitability of sanctions; the impact of sanctions on their strategy and competitive position, and the possibility to apply strategies that may (...)
Agnieszka Domańska (2020/3, Articles,
The article aims to analyse on a comparative basis the effects of public investment spending on the economies of Poland and Portugal in the period 1996–2017. In the economic theory, there are divergent opinions as to the impact of expansionary fiscal policy on economic growth. The direct and indirect impact of the increasing government spending on the economy is one of the key questions in (...)
Ewa Łętowska (2020/2, Articles,
The essay discusses the divergence existing between the literally understood text of law and the meaning attributed to it in various interpretative discourses; it also points to the ignorance of some discourse participants as to the existence of this divergence and the attempts to manipulate this divergence to economic purposes (profit maximization, “interpretative wars”). It also touches (...)
Piotr Krajewski (2019/3, Articles,
Decomposing the Impact of Government Spending on GDP in Poland
Using structural vector autoregression model (SVAR), the author compared the efficiency of various categories of government expenditure in boosting economic activity in Poland. The empirical analysis, covering the period of 2002–2017, was made on quarterly data. The results of the examination show that, in line with theoretical premises, the strongest and long-lasting effect on GDP is (...)
Andrzej Czyżewski, Ryszard Kata, Anna Matuszczak (2019/1, Articles,
Budget expenditures are the main instrument for the implementation of the allocation function of public finances with reference to agriculture and rural development, because of their influence on agricultural resources and socio-economic processes occuring in the rural areas. The purpose of the article was to determine the impact of budget expenditures on the allocation of production (...)
Waldemar Florczak, Wojciech Grabowski (2018/2, Articles,
Does It Pay to Take Legal Advice? Estimates of Miroceconomic Effects of Non-comercial Legal Advice
The paper aims to quantify individual monetary benefits due to non-commercial legal aid/advice. To this end an augmented Mincer income equation was employed whose parameters were estimated using representative survey data for Poland. To summarize the outcomes of the research one must affirmatively answer the question raised in the title to this article. Leaving justiciable problems on their (...)
Jan L. Bednarczyk, Piotr Misztal (2016/4, Articles,
Does the euro area move towards the low inflation trap?
The euro area is one of the slowest-growing areas of the global economy. Developmental problems of the euro area are in contradiction with the main objectives of the economic and monetary union, formulated in the Maastricht Treaty, and call into question the benefits of further deepening of European integration. The challenge for the effectiveness of economic policy conducted by the (...)
Paweł Gajewski (2016/4, Articles,
Regional Phillips Curves in Poland and the effectiveness of Monetary Policy
The aim of the paper is to show the relationship between the unemployment rate at regional level and the aggregate inflation at national level. The theoretical part of the paper discusses various concepts of the short-term Phillips curve and their implications for monetary policy. The empirical part brings an attempt to estimate non-linear short-term Phillips curves for Polish vojevodships (...)
Adam P. Balcerzak, Michał Bernard Pietrzak (2016/3, Articles,
Institutional effectiveness of European Union countries
The article is devoted to measuring the effectiveness of institutional systems of European Union countries in terms of their relevance to the requirements of the global knowledgebased economy. The theoretical analysis is based on the framework of new institutional economics with special consideration to economics of transaction costs. There are two main aims of the article. The main aim of (...)
Joanna Kisielińska, Adam Waszkowski (2015/5, Miscellanea,
The Aggregate Rating of Enterprise Financial Condition Using the Polish Bankruptcy Models
This paper presents the aggregate rating of financial distress for the selected group of Polish enterprises, using 20 bankruptcy prediction models developed by various Polish authors. The authors describe the principles of construction of models used to predict bankruptcy, pointing to a common solution which is a linear discriminant function and the logit model. Attention is also focused on (...)
Karolina Konopczak, Aleksander Welfe (2015/4, Articles,
The Balassa-Samuelson Effect and the Mechanisms of Its Absorption
The Balassa-Samuelson effect and the effectiveness of the potential channels of its absorption require deeper research, especially with regard to the catching-up prospective members of the euro area. The analysis presented in the paper allows to assess the magnitude of infl ationary pressure resulting from the real convergence process and, hence, the risk of inadequacy of the common (...)
Marian Gorynia, Piotr Trąpczyński (2014/5, Articles,
Determinants of the effectiveness of Foreign Direct Investments – A Review Article
The aim of the paper is to identify key determinants of the effectiveness of foreign direct investments as an advanced form of foreign expansion of enterprises. The authors give a comparative review of the findings of various empirical studies made hitherto, which were devoted to the analysis of the results achieved by foreign subsidiaries created by FDI. They distinguish four group of (...)
Aneta Hryckiewicz, Małgorzata Pawłowska (2014/4, Articles,
Changes in the Financial Supervision and Their Impact on the Financial System in the EU Countries
The aim of the paper is to assess various models of financial supervision existing in the world, trying to answer the question whether current changes in the shape of the supervision over financial markets can improve the effectiveness of the oversight and reduce the consequences of future crises. The paper brings two interesting conclusions. First, there is no single optimal model of (...)
Eugeniusz Najlepszy (2013/5, Articles,
Escalation of the External Disequilibrium of Indebted Countries under Global Capital Mobility
The paper includes an analysis of some factors conducing to the rise in the external disequilibrium of domestic economy, such as: debt crisis, fluctuation in capital flows, and the decreasing predictability of international solvency. None of these factors considered separately can explain well the causes of the rising external indebtness. Only an integrated analysis of all those (...)
Marcin Krawczyk (2013/4, Articles,
Fiscal and Monetary Policies in a Liquidity Trap
The article deals with the problem of the effectiveness of expansionary fiscal and monetary policies in boosting economic activity in the economy that got stuck in the Keynesian liquidity trap. The liquidity trap is considered to be a dangerous phenomenon because it is accompanied by deflationary expectations and recession. An expansionary fiscal and monetary policy aimed at boosting (...)
Grażyna Kozuń-Cieślak (2013/3, Articles,
The effectiveness of Public Investment in Human Capital
Human capital is one of the major factors responsible for economic development; investments made in the human capital add to the wealth of nations, accelerating civilization progress and increasing international competitiveness. The aim of the article is to assess the effectiveness of public investments in human capital in the EU member countries using the linear programming method called (...)
Bogusław Fiedor (2010/4, Articles,
Economic Crisis versus Crisis of Economic Science
The paper starts with the issue why crisis phenomena in the economy, both in its real and regulatory sphere, should not be identified with a crisis of economic science in cognitive and predictive terms. This is followed by presenting the idea of understanding the „normal” way of development of economic science as a from of migration of ideas in which a significant role is played by (...)
Adam P. Balcerzak (2009/6, Articles,
Effectiveness of the institutional system related to the potential of the knowledge based economy
The aim of this paper is to analyze the relationship between utilization of the potential of new global knowledge based economy and the level of effectiveness of the institutional system in highly developed countries. The empirical study was based on the idea that concentration of government action on long term systemic arrangements leading to an effective institutional order creates (...)
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