Ekonomika Vilniaus Universitetas最新文献

The Impact of Green Climate Fund Portfolio Structure on Green Finance: Empirical Evidence from EU Countries 绿色气候基金投资组合结构对绿色金融的影响:来自欧盟国家的经验证据

Ekonomika Vilniaus Universitetas Pub Date : 2023-10-09 DOI: 10.15388/ekon.2023.102.2.7

Muhammad Mohsin, Azer Dilanchiev, Muhammad Umair

引用次数: 3

Europe’s Energy Crisis; Winners of the Crisis with Market Data 欧洲能源危机;用市场数据分析危机的赢家

Ekonomika Vilniaus Universitetas Pub Date : 2023-10-09 DOI: 10.15388/ekon.2023.102.2.8

Anıl Çağlar Erkan, Samet Gürsoy, Mesut Doğan, Sevdie Alshiqi

{"title":"Europe’s Energy Crisis; Winners of the Crisis with Market Data","authors":"Anıl Çağlar Erkan, Samet Gürsoy, Mesut Doğan, Sevdie Alshiqi","doi":"10.15388/ekon.2023.102.2.8","DOIUrl":"https://doi.org/10.15388/ekon.2023.102.2.8","url":null,"abstract":"Prices of natural gas, coal, and electricity have risen to the highest level of the last ten years in the last quarter of 2021. It’s possible to express that energy prices in 2021 were much higher, compared to the crisis of 2020’s Covid-19 breakout’s historical descent in the first few months. There are a few factors to this rally. The epidemic caused structural fractions on a global scale. But in general, there is no doubt that crisis factors, which mainly concern Europe, are not limited (with) recovery process in the economy. With this notion, the main structure of this work’s subject aims to analyze the lead-up to the energy crisis that became apparent in 2021. Also, in the work, the energy crisis that’s been occurring will be analyzed thoroughly, with the help of its dynamics and causes. Within the scope of the study, the Hatemi-J (2012) asymmetric causality test was run using the weekly stock closing data of EU natural gas prices (EUGP), Gazprom (XGASPR), and Equinor (XEQUNR) for the period 05.11.2017–28.11.2021. As a result of the analysis, a causal relationship between the variables was determined. However, the work will positively contribute to the literature, being a guide to the current situations and overcoming the similar crisis that might occur in the future.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135146781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Implementation of Non-state Pension Provision in Ukraine in the System of Strengthening Social Protection 乌克兰加强社会保障体系中非国有养老金的实施

Ekonomika Vilniaus Universitetas Pub Date : 2023-10-09 DOI: 10.15388/ekon.2023.102.2.6

Oksana Cheberyako, Zakharii Varnalii, Viktoriia Нurochkina, Nataliia Miedviedkova

引用次数: 0

Stock Market Response to Monetary Policy: Evidence from Iraq 股市对货币政策的反应:来自伊拉克的证据

Ekonomika Vilniaus Universitetas Pub Date : 2023-10-05 DOI: 10.15388/ekon.2023.102.2.5

Islam S.T. Babela, Shivan A.M. Doski

引用次数: 0

Does Tax Effort Moderate the Effect of Government Expenditure on Regional Economic Growth? A Dynamic Panel Data Evidence from Indonesia 税收努力是否能调节政府支出对区域经济增长的影响?来自印度尼西亚的动态面板数据证据

Ekonomika Vilniaus Universitetas Pub Date : 2023-10-04 DOI: 10.15388/ekon.2023.102.2.1

Khairul Amri, Raja Masbar, B. S. Nazamuddin, Hasdi Aimon

引用次数: 0

The Estimation of Traditional Phillips Curve 传统菲利普斯曲线的估计

Ekonomika Vilniaus Universitetas Pub Date : 2023-10-04 DOI: 10.15388/ekon.2023.102.2.3

Algirdas Bartkus

{"title":"The Estimation of Traditional Phillips Curve","authors":"Algirdas Bartkus","doi":"10.15388/ekon.2023.102.2.3","DOIUrl":"https://doi.org/10.15388/ekon.2023.102.2.3","url":null,"abstract":"This article presents theoretical foundations for original Phillips curve formulation and an empirical investigation, where the structure of the theoretical model serves as a template for the creation of the empirical model.For a couple of decades the majority of empirical Phillips curve type assessments are performed using the New Keynesian Phillips curve with Calvo pricing as a benchmark for this type of relationship. New Keynesian model has solid microeconomic foundations, has proved itself very well in the analysis of price stickiness; nevertheless, it is not without limitations. The main insufficiency of New Keynesian model is that it has no direct links to the conditions and the changes that occur in the labour market. The need to encompass the conditions in labour market comes from the coincides that occur time to time when the growth rates of aggregate production may diminish or even become negative, but the level of employment may stay the same, what in turn means that the pressure on inflation won’t drop, despite the fact that production level has not increased as expected or even has decreased. This article aims to fill this gap and presents alternative theoretical foundations for Phillips curve, that lead to the model with direct links to the labour market. Theoretical foundations are necessary as they may help to minimize the risks to miss some important details or to omit important factors. Although the empirical analysis in this paper is based on Lithuanian data, it is not country specific.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135645681","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Nexus Between Institutional Quality and Inflation in Emerging Markets: A Panel Causality Test with a Fourier Function 新兴市场的制度质量与通货膨胀之间的联系：基于傅立叶函数的面板因果检验

Ekonomika Vilniaus Universitetas Pub Date : 2023-06-06 DOI: 10.15388/ekon.2023.102.1.8

Y. B. Çi̇çen

引用次数: 0

SOE Corporate Governance Reform in Lithuania - Explained & Еmpirically Tested 立陶宛国有企业公司治理改革——解释与Еmpirically检验

Ekonomika Vilniaus Universitetas Pub Date : 2023-05-29 DOI: 10.15388/ekon.2023.102.1.7

Liudas Jurkonis, Šarūnas Merkliopas, Deividas Gabulas

{"title":"SOE Corporate Governance Reform in Lithuania - Explained & Еmpirically Tested","authors":"Liudas Jurkonis, Šarūnas Merkliopas, Deividas Gabulas","doi":"10.15388/ekon.2023.102.1.7","DOIUrl":"https://doi.org/10.15388/ekon.2023.102.1.7","url":null,"abstract":"Following previous research on management efficiency of state-owned enterprises (SOEs) in Lithuania, this paper continues previous discussion via extension of the observed time period seeking to continuously analyze the impact of corporate governance principles to the management effectiveness of Lithuanian SOEs.For the purpose of this study, elements of corporate governance principles established in the initial reform of the SOEs in Lithuania are used as key dependent variables to measure and quantify the dynamics of corporate governance culture and its impact to the management efficiency of SOEs. Analysis performed is of a special importance as it covers the 10-year period (2010–2020) and could serve as a case study in analyzing practical implications of managerialism principles in public sector and SOEs specifically.New public management paradigm (Politt, 1993) combined with policy learning theory (Bennett, Howlett, 1992) are used as the theoretical background to explain the initiation and logical framework of SOE reform as well as the selection of variables used in this study. Additionally, principles of corporate governance established by OECD and other international organizations (OECD, 2015) are also used to enrich the analytical framework.The results of the analysis do not only prove that the implementation of corporate governance principles has a positive influence on the efficiency of management of SOEs, but also reveals additional factors that were not identified in the previous research – this impact is not static, but rather dynamic changing in accordance with the maturity of managerial practices within SOEs. The revealed dynamic nature of effects of the SOE policy should lead to the continuation of research seeking to expand it both geographically and vertically including other governmental organizations into the scope of future research.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43460441","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Relationship Between Geopolitical Risk and Credit Default Swap Premium: Evidence from Turkey* 地缘政治风险与信用违约互换溢价的关系——来自土耳其的证据*

Ekonomika Vilniaus Universitetas Pub Date : 2023-05-05 DOI: 10.15388/ekon.2023.102.1.5

Esra Soyu Yıldırım, Munise Ilikkan Özgür

引用次数: 0

The Capital Structure Determinants on Banking Sector of Western Balkan Countries 西巴尔干国家银行业资本结构的决定因素

Ekonomika Vilniaus Universitetas Pub Date : 2023-05-05 DOI: 10.15388/ekon.2023.102.1.6

Yllka Ahmeti, Albina Kalimashi, Ardi Ahmeti, Skender Ahmeti

{"title":"The Capital Structure Determinants on Banking Sector of Western Balkan Countries","authors":"Yllka Ahmeti, Albina Kalimashi, Ardi Ahmeti, Skender Ahmeti","doi":"10.15388/ekon.2023.102.1.6","DOIUrl":"https://doi.org/10.15388/ekon.2023.102.1.6","url":null,"abstract":"The study examines the capital structure of the Western Balkan banking industry across the period 2015 - 2020. Forty-seven of the total Western Balkan-based commercial banks were included in the study. By constructing a balanced panel, this study uses pooled ordinary least squares fixed and random effects regressions to examine the relationship between bank book leverage as the dependent variable and bank-specific explanatory variables that include profitability, leverage ratio, bank size, earnings volatility, collateral, growth opportunities, and liquidity. These reports are examined using linear regression analysis. The study shows a significant positive relationship between profitability and book leverage for the period studied. In contrast, leverage ratio, earnings volatility, collateral, growth, and liquidity significantly negatively impact the book leverage of Western Balkan banks. \u0000The findings have practical implications for bank executives. They will assist them in identifying the bank-specific factors that influence the capital structure and selecting values that promote optimal capital structure. The findings of this study can help regulators develop an effective prudential framework. This study opens up new avenues for further research in this area for academics, researchers, and analysts.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48091192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0