{"title":"Relationship between Exchange Rate and Trade Balance Pre and after COVID-19 – Albania Case Study","authors":"Nevila Mehmetaj","doi":"10.31410/eraz.2022.23","DOIUrl":"https://doi.org/10.31410/eraz.2022.23","url":null,"abstract":"This study attempts to identify the relationship between the real exchange rate and trade balance in Albania with its major trading partner Italy. Due to the severe lockdown and restrictions policies in response to Covid-19 measures, there were important effects on the evolution of trade. Quarterly data from 2008 to 2022 are used in several econometric methods such as unit root tests, cointegration techniques, Granger test, and vector error correction model (VECM). The main findings of this study are that domestic income and exchange rate show a long-run positive relationship to the trade balances. Devaluation of the domestic currency will improve the trade balance in the long run, consistent with the Marshall-Lerner condition.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132806221","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}
Vuk Bevanda, Rui Dias, Catarina Revez, N. Horta, Paula Heliodoro, Paulo Alexandre
{"title":"Impact of Russia’s Invasion of Ukraine on Central and Eastern European Capital Markets","authors":"Vuk Bevanda, Rui Dias, Catarina Revez, N. Horta, Paula Heliodoro, Paulo Alexandre","doi":"10.31410/eraz.2022.71","DOIUrl":"https://doi.org/10.31410/eraz.2022.71","url":null,"abstract":"On February 24th, 2022, Russia launched a full-scale military invasion against Ukraine, marking a sharp escalation to a conflict that began in 2014. Several analysts have called the invasion the largest military invasion in Europe since World War II. Considering these events this paper aims to test the efficient market hypothesis, in its weak form, in the capital markets of Hungary (BUX), Croatia (CROBEX), Russia (IMOEX), the Czech Republic (PX PRAGUE), Slovenia (SBITOP), and Poland (WIG) over the period from April 25th, 2017, to April 22nd, 2022. The results show that the random walk hypothesis is not supported by the analyzed financial markets in this period with the occurrence of the 2020 global pandemic and the Russian invasion of Ukraine. The values of the variance ratios are less than unity, implying that the returns are autocorrelated over time and mean-reverting, and no differences between the financial markets have been identified. This has implications for investors, since some returns may be expected, creating arbitrage opportunities and abnormal returns, contrary to the assumptions of random walk and informational efficiency. In conclusion, we believe that investors should eventually exercise some caution, at least while this uncertainty persists, and invest in less risky markets to mitigate risk and improve the efficiency of their portfolios.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131634277","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":"Analysis of the Mechanism of the Common Organization of the Markets for Agricultural Products in the European Union","authors":"Vuk Bevanda, Krasimira Zagorova","doi":"10.31410/eraz.2022.1","DOIUrl":"https://doi.org/10.31410/eraz.2022.1","url":null,"abstract":"The Common Organization of the Market for Agricultural Products in the European Union is part of the common agricultural policy, which ensures both stable and predictable markets and resilient purchase prices, which in turn safeguards farmers’ stable earnings and provides constant supply of quality food to consumers. The aim of this study is to analyze the applicability and adaptability of the mechanism of the common organization of markets in the EU, including: its internal aspect, mainly related to interventions in the market for agricultural products, and its external aspect related to the trade with third countries, import and export licenses, refund of part of costs associated with exporting agricultural products produced in the Community, etc. The Common Organization of Markets, as a basis for implementing the EU Common Agricultural Policy, operates within a financial framework periodically updated by the European Commission in order to adequately implement the principle of subsidiarity, allowing EU Member States to play a key role in terms of interventions in the agricultural sector.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134013930","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}
Vuk Bevanda, Sanja Tišma, A. Ruk, Dragana Markanović, I. Tolić
{"title":"SMEs Digital Transformation – Are We Ready?","authors":"Vuk Bevanda, Sanja Tišma, A. Ruk, Dragana Markanović, I. Tolić","doi":"10.31410/eraz.2022.141","DOIUrl":"https://doi.org/10.31410/eraz.2022.141","url":null,"abstract":"The paper presents the results of the analysis of the readiness of small and medium enterprises, VET providers, high education institutions and consultancy organizations towards digital and bionic transformation and acquisition of a “bionic status”. The purpose of the paper is to find out which key skills and knowledge are needed for employees in order to be ready for digital transformation. SMEs that were a part of the survey operate in different economic sectors in various countries of the European Union (Spain, Slovenia, Poland, Croatia, Ukraine, Austria, Italy, Germany, Macedonia, Switzerland, Belgium, and Hungary). Other organisations such as public bodies, non-governmental organisations (NGOs), universities and technological centres also participated in the survey on digital competences. Key conclusions of the analysis indicate that almost all participants are familiar with the need for digital transformation, but that knowledge about 4.0 technologies is still lacking. The most significant knowledge is in robotics, 3D printing and Cloud Services, big data, and IoT. Blockchain and artificial intelligence are considered less important for digital transformation. However, a strong need for further education and training in all of these areas was expressed.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"78 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126676648","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":"Sports-Related Nutrition Marketing and Its Performance Impact on Athletes in the Republic of North Macedonia","authors":"Vuk Bevanda, Gjorgjina Sherovska","doi":"10.31410/eraz.2022.171","DOIUrl":"https://doi.org/10.31410/eraz.2022.171","url":null,"abstract":"Nutrition is increasingly recognized as a key component of optimal sporting performance, with both the science and practice of sports nutrition developing rapidly. The sports nutrition market has witnessed robust growth in the past few years; it is gaining pace due to the increase in health awareness among the population, new product development, the rapid increase in urbanization, and growth in a number of sales outlets, health clubs, fitness centers and gyms. Athletes use a range of nutritional and diet strategies to improve sports performance. Nutrition plans need to be personalized to the individual athlete to take into account the specificity and uniqueness of the event, performance goals, practical challenges, food preferences, and responses to various strategies. A key factor is the related marketing used to reach the core aim of the athletes for specific sports nutrition so they can meet their energy and nutrient requirements, whether that is speed, endurance, recovery, or strength. The marketing strategies in the sports nutrition industry are wide. Companies understand the power of sports endorsement, the trending on social media, and after all the factors of advertisement, through the different marketing communication channels impacting the athletes’ behavior for the final decision-making process of purchasing the product. In this paper the purpose is to investigate the effect of sport-related nutritional marketing as a communication strategy reaching athletes, and, its second relationship, the effect of the marketed sport-related nutritional products impact on athlete’s performance, from the athlete’s aspect. The importance of this paper is to examine a new topic of a connection between sports nutritional marketing and the eventual performance effect on a particular sub-category of athletes because very little research is being conducted on this topic of interest. The research framework used in this paper will help to guide future research and improve marketing communication strategies with great insight on what are the key methods to reach out to short and distance athletes from a marketing point of view, as well as the key factors that make marketed sport nutritional products impact on athlete’s performance.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"90 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115223876","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}
Vuk Bevanda, J. Masárová, E. Koišová, M. Gullerová
{"title":"Changes in the Educational Structure of the Workforce in Slovakia and Its Regions","authors":"Vuk Bevanda, J. Masárová, E. Koišová, M. Gullerová","doi":"10.31410/eraz.2022.203","DOIUrl":"https://doi.org/10.31410/eraz.2022.203","url":null,"abstract":"Educational attainment plays a critical role in everybody’s employment options. Education determines human development, and affects the economic development of countries. For this reason, the educational structure of the population has long been considered an important indicator of the overall maturity and development of the country. In connection with technical progress and the use of advanced technologies, the demands for tertiary education attainment in the workforce are growing. The purpose of the paper is to evaluate changes in the structure of the workforce in terms of educational attainment in the Slovak Republic and to find the relationship between the educational attainment and economic performance of the regions of the Slovak Republic. The educational attainment of the workforce in the Slovak Republic is developing positively. However, significant regional differences have been identified, and it is possible to see a big gap between the Region of Bratislava and the remaining Slovak regions. In recent years, there has been a marked improvement in the educational attainment of the workforce in the Region of Košice. Tertiary education attainment of the workforce has an impact on the creation of regional gross domestic product per capita","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"55 11","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120965997","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":"Person with Schizophrenia and Negative Symptoms in COVID-19 Era: A New Evolution for Treatments and Economy","authors":"Vuk Bevanda, Barbara Galbusera","doi":"10.31410/eraz.2022.325","DOIUrl":"https://doi.org/10.31410/eraz.2022.325","url":null,"abstract":"In the last two years, the COVID-19 pandemic has become part of people’s lives, including those diagnosed with schizophrenia. Many have also exacerbated negative symptoms of the disease such as anxiety, increased hallucinations, and depressive symptoms. To overcome the illness, the wishes of the patients were investigated. Subsequently, starting from the personalism philosophy point of view, for a little group of the Day Care Service, a program (that has integrated pedagogical interventions, educational groups, psycho-educational interventions, social skills training and telephone support) has been created to decrease the negative symptoms of schizophrenia and improve the psychophysical well-being of each patient. This research shows that it is possible to introduce a clinical-pedagogy perspective for the care of schizophrenia patients and to mitigate the negative symptoms of schizophrenia.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129277906","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}
Vuk Bevanda, K. Kráľová, Jana Sochuľáková, Dagmar Petrušová
{"title":"Status and Trends in the Development of Small and Medium-Sized Enterprises in the Service and Tourism Sector in the Slovak Republic","authors":"Vuk Bevanda, K. Kráľová, Jana Sochuľáková, Dagmar Petrušová","doi":"10.31410/eraz.2022.51","DOIUrl":"https://doi.org/10.31410/eraz.2022.51","url":null,"abstract":"Small and medium-sized enterprises are typical of the tourism sector, they are adaptable and able to meet individual as well as specific consumer demands. This paper analyses the sectoral and regional structure of tourism SMEs (exactly how many of them are in the sector, where they are located and what economic activity they carry out within the tourism sector). The analysis of the structure will provide a sufficient picture of which sectors most SMEs operate in and in which region these SMEs are located. A subsequent comparison of the pre-pandemic and post-pandemic periods will reveal changes in the status and development of SMEs in the service and tourism sectors in Slovakia. And then statistical methods of forecasting development trends will make it possible to outline the possible future direction of the development of SMEs in Slovakia after the end of the pandemic.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114999956","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":"Agroterrorism as a Threat to Modern Society","authors":"Vuk Bevanda, Boris Bursać, Andrija Blanuša","doi":"10.31410/eraz.2022.333","DOIUrl":"https://doi.org/10.31410/eraz.2022.333","url":null,"abstract":"There is no country, no inhabited territory on the globe that is immune to terrorism. Although the roots of terrorism go back a long way, terrorism is a product of the modern age, and its causes and motives are different. Therefore, the authors identify terrorism as a world problem, because as a manifestation in one environment, it never isolates itself, but spreads very quickly to other areas. In this paper, a new, somewhat intimidating form of terrorism, better known as agroterrorism, is analyzed in detail. This paper aims to explain more precisely this new, modern form of terrorism, to make a clear distinction between the concepts of bioterrorism and agroterrorism, as well as to assess potential threats and consequences of agroterrorist attacks.","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127748537","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":"Exploratory Analysis of the Promotional Activities of Krishna-Conscious Communities in Europe","authors":"Vuk Bevanda, Krisztina Bence-Kiss, O. Szigeti","doi":"10.31410/eraz.2022.181","DOIUrl":"https://doi.org/10.31410/eraz.2022.181","url":null,"abstract":"Marketing religions have been studied frequently in the past decades, however, there are still areas less covered by the literature. Krishna-conscious communities are considered as one of the most successful new religious movements is terms of marketing in the past decades. This research studies the promotion tools applied by the Krishna-conscious communities in Europe with the involvement of seven rural communities in six countries, where quantitative research was carried out to discover the initial means of encountering the religion and the exposure to the different promotion tools applied in the further phases of communication. The research results have shown that traditional tools of promoting Krishna Consciousness still have huge importance when people meet the religion for the first time, but in keeping longer term contact, media may be applied efficiently as well, but there is still space for improvement in the promotion tool portfolio","PeriodicalId":410143,"journal":{"name":"International Scientific Conference ERAZ - Knowledge Based Sustainable Development","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128984919","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}