{"title":"Social Security and the COVID-19 Crisis: A Dichotomy of Perceptions among Urban Residents in Poland","authors":"S. Kalinowski, Aleksandra Łuczak","doi":"10.33119/gn/149196","DOIUrl":"https://doi.org/10.33119/gn/149196","url":null,"abstract":"The aim of the research was to subjectively assess the situation of Polish urban households and their sense of social security during the COVID-19 pandemic. To this end, primary household surveys were designed and subsequently carried out in Poland in April, June and September 2020 using the CAWI method. An assessment of household security was made, presenting households' subjective feelings about the loss of financial stability, loss of employment, and the overall deterioration of their situation. Responses also addressed a potential worsening in the situation in Poland, growing poverty of families, and rising unemployment in the country. One of the most important conclusions from the research is that there is a dichotomy of feelings among respondents whereby they view the situation of their households as better than that of the country as a whole. Furthermore, between the first and the second stages of the research, there was an increase in optimism among respondents, persisting into the third stage. Finally, the research results show that the smaller the city, the lower the sense of social security.","PeriodicalId":40977,"journal":{"name":"Gospodarka Narodowa-The Polish Journal of Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46685358","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}
{"title":"Yield Curve Modelling with the Nelson-Siegel Method for Poland","authors":"T. Kostyra","doi":"10.33119/gn/149194","DOIUrl":"https://doi.org/10.33119/gn/149194","url":null,"abstract":"Yield curve modelling is an essential task for the governance of the modern economy and in particular for financial market participants, and hence it is an extensively researched topic. This paper presents yield curve modelling using the Nelson-Siegel approach for Poland, which was recently recognised as a developed country. Yield curve studies available for Poland are quite scarce and were conducted when Poland was still classified as a developing country. Therefore, it is worthwhile to examine the yield curve construction after three decades of economic transition. This study offers a model which, with certain assumptions, derives zero-coupon yield curves from the market prices of Treasury bonds. The simplifying assumptions reduce model development time, while delivering yield curves of higher accuracy than those commercially available.","PeriodicalId":40977,"journal":{"name":"Gospodarka Narodowa-The Polish Journal of Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43334020","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}
{"title":"Aging, Migration and Monetary Policy in Poland","authors":"M. Bielecki, M. Brzoza‐Brzezina, Marcin Kolasa","doi":"10.33119/gn/145536","DOIUrl":"https://doi.org/10.33119/gn/145536","url":null,"abstract":"Poland faces a particularly sharp demographic transition. The old-age dependency ratio is expected to increase from just above 20% in 2000 to over 60% in 2050. At the same time, the country has recently witnessed a huge wave of immigration, mostly from Ukraine. In this paper, we investigate how aging and migration will affect the Polish economy and what consequences these adjustments have for monetary policy. Using a general equilibrium model with life-cycle considerations, we show that the decline in the natural rate of interest (NRI) due to demographic processes is substantial, amounting to around 1.5 percentage points, albeit spread over a period of 40 years. The impact of migration flows is relatively small and cannot significantly alleviate the downward pressure on the NRI induced by populating aging. If the central bank is slow in learning about the declining NRI, an extended period of inflation running below the","PeriodicalId":40977,"journal":{"name":"Gospodarka Narodowa-The Polish Journal of Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42455058","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}
{"title":"Differences in the Composition of Management and Supervisory Boards in Polish Joint-Stock Companies","authors":"K. Szarzec, Bartosz Totleben, Dawid Piątek","doi":"10.33119/gn/145538","DOIUrl":"https://doi.org/10.33119/gn/145538","url":null,"abstract":"","PeriodicalId":40977,"journal":{"name":"Gospodarka Narodowa-The Polish Journal of Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46113381","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}
{"title":"Locating Financial Capability Within Capability Approach – Theoretical Survey","authors":"Tomasz Potocki","doi":"10.33119/gn/147640","DOIUrl":"https://doi.org/10.33119/gn/147640","url":null,"abstract":"The integration of financial capability with the capability approach remains an open and challenging issue. This paper offers a theoretical exploration of the financial capability framed within Sen’s capability approach in an interdisci-plinary way. It focuses on the fundamental conceptual aspects of the capability approach, and on how we may use that framework for the development of financial capability theory. Moreover, the presented theoretical study addresses the issue of the critical role of constrained choice using Simon’s bounded rationality and ecological rationality approach. We used one type of research and it is conceptual analysis. It helped us to better understand and explain the concept of financial capability and address three important issues related to that concept. In this paper, we offer a more transparent and consistent approach that takes into account theoretical evidence on financial capability. We complemented the financial capability literature by highlighting the critical role of the clas-sic works of A. Sen and more recently the influential work of I. Robeyns. Thus, our headline finding is that using A. Sen’s approach as a general framework for","PeriodicalId":40977,"journal":{"name":"Gospodarka Narodowa-The Polish Journal of Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49301002","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}
{"title":"The Impact of Environmental Tax on Greenhouse Gas Emissions in Visegrad Group Countries","authors":"B. Jóźwik, Antonina-Victoria Gavryshkiv","doi":"10.33119/gn/145537","DOIUrl":"https://doi.org/10.33119/gn/145537","url":null,"abstract":"The role of environmental tax as an economic instrument to reduce environmental degradation has been under investigation for many years. In this paper, the main research objective is to check whether there were long-term relationships (cointegration) between greenhouse gas emissions, environmental taxes and gross domestic product in Visegrad Group countries under the inverted U-shaped Environmental Kuznets Curve (EKC) hypothesis from 1995 to 2018. It was also checked whether environmental tax has an impact on greenhouse gas emissions. In the first step, the long-run relationship (cointegration) was examined by applying the Autoregressive Distributed Lag (ARDL) bounds test. In the second step, the causal relationship and direction were tested within the Vector Error Correction Model (VECM) framework. The results of ARDL bounds testing confirmed cointegration between Istnieje od / Published since 1931 1(309)2022, 66–78 DOI: 10.33119/GN/145537 gnpje.sgh.waw.pl Bartosz Jóźwik (corresponding author) Katedra Ekonomii Międzynarodowej, Katolicki Uniwersytet Lubelski Jana Pawła II, Polska Antonina Gavryshkiv Katedra Ekonomii Międzynarodowej, Katolicki Uniwersytet Lubelski Jana Pawła II, Polska","PeriodicalId":40977,"journal":{"name":"Gospodarka Narodowa-The Polish Journal of Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49444645","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}
{"title":"Changes in the VAT Gap in Poland: The Role of Cyclical and Structural Factors","authors":"Karolina Konopczak","doi":"10.33119/gn/145539","DOIUrl":"https://doi.org/10.33119/gn/145539","url":null,"abstract":"","PeriodicalId":40977,"journal":{"name":"Gospodarka Narodowa-The Polish Journal of Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49287855","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}
{"title":"Crowding Out of Informal Economy Labour Supply by Unconditional Child Benefits","authors":"Janusz Jabłonowski","doi":"10.33119/gn/144206","DOIUrl":"https://doi.org/10.33119/gn/144206","url":null,"abstract":"The article proposes a modified version of a theoretical model that crowds out less educated workforce from the informal economy in response to a shock in government transfers. The negative impact of universal child benefits (UCB) is measured by the outflow of labour from the informal economy in Poland. After it was introduced in the country in 2016, the “Family 500+” child benefit programme probably caused a permanent outflow of some 160,000 jobs from the labour market. The study verifies this assumption with a real business cycle (RBC) model, with two types of households responding to a positive shock resulting from government transfers. The endogenous growth factor in the model results from the rate of return on higher education and lifelong learning. The model describes the statistical aggregates of the Polish economy. A Bayesian estimation shows an acceptable fit to the time series, which allows for wider use of the fiscal impulse resulting in a decline in the economic activity of beneficiaries. The study adds to a debate on the margins of government intervention in the economy, which at some point may displace less educated workers in the shadow economy.","PeriodicalId":40977,"journal":{"name":"Gospodarka Narodowa-The Polish Journal of Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47774420","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}
{"title":"Performance Evaluation of Airports During the COVID-19 Pandemic","authors":"Y. Ersoy","doi":"10.33119/gn/143335","DOIUrl":"https://doi.org/10.33119/gn/143335","url":null,"abstract":"Globalisation, international trade, tourism, and economic and technological advances have contributed to the development of the aviation industry. In a globally competitive environment, airports need to use their resources efficiently and evaluate their performance to compete with their rivals. Data Envelopment Analysis (DEA) is a widely used method in the performance evaluation of airports. This study was aimed to measure the performance and ranking of selected major international airports in 2019 and the first quarter of 2020 using the DEA method, the Technique for Order Preference by Similarity to Ideal Solutions (TOPSIS) method, and the Evaluation Based on Distance from Average Solution (EDAS) method. Efficiency analysis has been carried out using CCR-DEA models. Later, performance evaluation of the alternatives was made according to the TOPSIS and EDAS methods. In this study, the ranking of the airports has been compiled according to the results of the DEA, TOPSIS and EDAS methods. The study found that the use of the DEA method together with Multi-Criteria Decision-Making (MCDM) methods such as TOPSIS and EDAS for the performance evaluation of airports allows a full and clear ranking of decision-making units (DMUs).","PeriodicalId":40977,"journal":{"name":"Gospodarka Narodowa-The Polish Journal of Economics","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2021-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45548593","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}