{"title":"Crude Oil Prices and the Chaotic Growth Model","authors":"V. Jablanovic","doi":"10.31410/eman.2022.33","DOIUrl":"https://doi.org/10.31410/eman.2022.33","url":null,"abstract":"The basic aims of this paper are: firstly, to create the simple chaotic crude oil prices growth model that is capable of generating stable equilibrium, cycles, or chaos; secondly, to discover a sequence of Elliot waves in crude oil prices movements in the period 1998-2015; and thirdly, to analyze the local stability of crude oil prices in the period 1998-2015. This paper confirms the existence of the convergent fluctuations of crude oil prices in the observed period.","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","volume":"149 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":"121643765","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":"Lockdown Policies and Fiscal Policy Stimulus Packages: Cross-Country Evidence from COVID-19 Era","authors":"Mert Topcu","doi":"10.31410/eman.2022.1","DOIUrl":"https://doi.org/10.31410/eman.2022.1","url":null,"abstract":"Lockdown policies, at the forefront to mitigate the spread of the coronavirus, have led governments to face a trade-off between health and recessionary impacts. To deal with the devastating economic impacts of the pandemic, governments around the world have announced stimulus packages. Given the fiscal burden of health-oriented policies, this study investigates the impact of lockdown policies on fiscal policy stimulus packages. Using simple cross-country OLS regression for 162 countries, this study finds that a stricter lockdown policy requires a higher stimulus package. In addition, threshold regression results indicate that a stringent policy is associated with a higher stimulus package for the countries where income distribution is relatively unequal and institutional quality is relatively lower.","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","volume":"4 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":"132987909","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":"How Has SARS-COV-2 Affected the Different Branches of Agri-Food Industry? A Study Focused on the Region of Extremadura","authors":"Celia Sama-Berrocal, B. C. Martínez-Azúa","doi":"10.31410/eman.2022.49","DOIUrl":"https://doi.org/10.31410/eman.2022.49","url":null,"abstract":"The pandemic caused by Covid-19 has been causing a great impact on the world economy since 2020. This study analyses the impact of the pandemic on innovative agri-food companies from different branches of agro-industrial activity located in Extremadura (Spain) to determine which activities have been most affected and whether there are differences between the actions and changes carried out depending on the nature of the product, process or services. The information was obtained using an online questionnaire in which the research questions were proposed (what consequences, actions or changes has the pandemic had on the development of your activities?). Data were analysed descriptively, studying statistically the existence of independence or not between the effects and the actions carried out depending on agri-food industry branches of activity. The main results have shown that in general, all the agro-industrial branches have incorporated changes in their products and services, mainly by providing new and better customer benefits and improving product formats and forms of payment to suppliers","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","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":"128394047","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":"High School Education during the COVID-19 Pandemic","authors":"Kristina Devčić, Mirela Jergović, I. Beljo","doi":"10.31410/eman.2022.163","DOIUrl":"https://doi.org/10.31410/eman.2022.163","url":null,"abstract":"The coronavirus infection originated in Wuhan, China, and soon spread around the world. The declared COVID-19 pandemic has affected almost all aspects of modern society. This paper examines the impact of the COVID-19 pandemic on secondary education and student achievement in the state graduation exam. Secondary education of the students in Croatia has adapted to the new situation with the school closure, online teaching and with the adaptation of teaching methods. The purpose of the state graduation exam is to assess and evaluate the achieved knowledge and competences, acquired by education in accordance with general education teaching plans and programmes. For this reason, in this research, an analysis of student performance in the state graduation exam was conducted. The results of the exam of the compulsory part of the state graduation exam in the summer exam period from the school year 2012/2013 until 2020/2021 were observed. In this paper, the impact of the COVID-19 pandemic on secondary education was examined from several different aspects. According to the analyzed indicators, the results showed that there is no significant decline in the successful adoption of teaching materials, i.e. there is no reduction in the number of students who successfully passed the state graduation exam. Furthermore, the share of students who passed the state graduation exam within sufficient grades was analyzed, and the results showed that there is no major decline. Lastly, the share of students who passed the state graduation exam and enrolled in some form of higher education was analyzed. The results showed that the number of students who enrolled in some of the study programs of higher education institutions did not decrease.","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","volume":"74 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":"127364162","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}
Marija Marčetić, Bojan Kocić, N. Vasić, Gordana Prlinčević
{"title":"Digital Transformation of Shipping and Customs Business during the COVID-19 Pandemic","authors":"Marija Marčetić, Bojan Kocić, N. Vasić, Gordana Prlinčević","doi":"10.31410/eman.2022.213","DOIUrl":"https://doi.org/10.31410/eman.2022.213","url":null,"abstract":"The freight-forwarding market is at a tipping point because of the pandemic which dictates a new narrative in business with the changes companies have gone through in all sectors. Covid-19 initiated freight-forwarding, logisticians and customs officers to re-assess their strategy and realization of supply chains in line with new technology and digitalization. Introducing digital solutions will be the focus of every part of the supply chain as it will increase the quality of their services and so secure an adequate level of competitiveness in the market. Digital trends surpass traditional business with ease in hopes of clearing existing logistical bottlenecks. Automation of business services, various applications and platforms offers value to all participants in logistical achievements by decreasing cost. One benefit is the personalization of logistical and freight-forwarding services through the creation and processing of data. This work considers how customs officers and forwarders tackle digital transformation. Digital transformation in the freight-forwarding branch occurs on three levels. The first level is the new digital strategy of the FIATA freight-forwarding association for creating individual electronic documents. The second level encompasses different initiatives (IATA One Record, FEDeRATED, FENIKS, or IPCSA NoTN) to further connect existing systems, allowing supply chain participants to exchange information and still maintain control over their information. The third level represents the digitalization of the freight-forwarding companies themselves by introducing new software solutions. Customs systems advance at their own pace towards digitalization. Accessible, safe, integrated, interoperable electronic customs systems have eased electronic customs formalities to ease logistics in the supply chain when moving goods into/out of the EU. Compatible IT customs systems are built following international standards in terms of data sets which allows interaction with customs systems between countries.","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","volume":"16 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":"128843551","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":"Distinctive Features and Scope of Carousel Frauds","authors":"S. Cindori","doi":"10.31410/eman.2022.267","DOIUrl":"https://doi.org/10.31410/eman.2022.267","url":null,"abstract":"One of the main characteristics of carousel fraud relates to “zero-rate” VAT system on intra-community trade regarding the obligation to collect and pay VAT on the acquisition of goods and the right to deduct the same amount as input VAT. Therefore, at the next sale of the same good, the taxpayer can collect VAT and “disappear” without remitting the collected tax. The next taxpayer demands from the tax authority the refund of the same VAT that the previous taxpayer did not pay to the state budget, thus committing the criminal offense of tax evasion which is a predicate offense of money laundering. The conduction of transactions within the framework of carousel fraud generates income suitable for the further process of money laundering, although money laundering is possible through the process of carousel fraud as well.","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","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":"122967881","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":"Exploring Knowledge Transferring and Conversion in the Fuzzy Front End of Collaborative Innovation Development","authors":"D. Shaytan, G. Laptev","doi":"10.31410/eman.2022.73","DOIUrl":"https://doi.org/10.31410/eman.2022.73","url":null,"abstract":"The research goal is to investigate the specificity of activities of startup entrepreneurial teams that co-develop new product concepts with stakeholders. We identified a specific pattern of knowledge conversions/transferring through observations of collaborative activities, followed by questionnaires and interviews with members of the entrepreneurial team. The research pool comprised eleven entrepreneurial teams of 4-6 members each. The predominant objects of conversions and transferring among the entrepreneurial team members and external stakeholders were identified as tacit knowledge types: know-how (what, why), insights, intuition, attitudes, beliefs (as a type of attitudes), and entrepreneurial vision. Types of conversions and transferring were the same in all the teams but the application of managerial tools (facilitating means) that allowed transferring/conversions varied. The identified specificity of knowledge processing could be used to optimize those tools/methods by elaborating specific measurable criteria of how efficiently tacit knowledge was transferred and converted.","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","volume":"18 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":"123859014","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":"Debt Financing during COVID-19 in Albania: Businesses by Activity","authors":"Romeo Mano, Armela Anamali, Bitila Shosha","doi":"10.31410/eman.2022.11","DOIUrl":"https://doi.org/10.31410/eman.2022.11","url":null,"abstract":"The first months of 2020 changed life dynamics, both individually and globally. Concern about physical health was soon followed by concern about financial health. Companies, as the main contributors to society, faced a multitude of liabilities and costs, which they were not prepared for. The paralysis of economic activity inevitably led to a money supply deficit. This compelled governments, in cooperation with financial system agents, to alternate mechanisms that would hopefully curb the ‘domino’ effect but also inhibit a deep economic recession. The lack of liquidity to survive and operate throughout the pandemic was a prevailing problem of the time. This article, quite distinct from others, aims at analysing how businesses, by nature of the activity, used debt as an instrument to survive Covid-2019. In addition to the analysis of the use of financial resources by third parties (in this period mainly bank loans), the authors study also their trend, before Covid-19, in the first wave and a year later under the presence of coronavirus.","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","volume":"26 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114114313","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":"International Trade of Agricultural Products in Disruptive Times – The Correlation between Exports Subjects","authors":"O. Kiforenko","doi":"10.31410/eman.2022.39","DOIUrl":"https://doi.org/10.31410/eman.2022.39","url":null,"abstract":"International trade helps reduce food insecurity by connecting the regions with limited agricultural potential and large populations to the regions with comparative advantages in agriculture. The international trade of agricultural products appeared to be vitally important in times of such challenges of nowadays as the COVID-19 pandemic, climate changes, turbulences on the political scene, etc., which the whole humanity has to face and overcome. The purpose of the article is to assess if the exports of the agricultural products from Ukraine to the EU and from Canada to the EU are correlated and, if they are, how strong the correlation is. The data under analysis are the export amount of goods from the Standard International Trade Classification (SITC) groups 0, which comprises food and live animals, and 1, which contains beverages and tobacco. The timeframe under analysis is 10 years – from 2011 to 2020 included. Such simple statistics of the data sets under analysis as mean, standard deviation, sum as well as minimum and maximum values were calculated and compared. The dynamics, yearly changes and general trend lines of the data sets under research were analysed and compared. The general trend lines of the data under analysis were built and the projections for the following two periods were made in the article using the appropriate functions, having chosen from the exponential, linear, logarithmic, polynomial and power ones, taking into consideration the values of R² coefficients. The analyses for the data normality distributions were conducted. The Pearson and Spearman correlation coefficients as well as their p-values of the data researched were calculated and analysed. The research itself as well as its results would be interesting and useful for the public administration officials, business people, decision-makers as well as beginners and experienced specialists in data analysis and statistics.","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","volume":"113 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":"128169925","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":"Efficiency Analysis of European Higher Education in Achieving Sustainable Development Goals","authors":"Maja Mihaljević Kosor, Klara Jurčak","doi":"10.31410/eman.2022.225","DOIUrl":"https://doi.org/10.31410/eman.2022.225","url":null,"abstract":"This research aims to evaluate the technical efficiency of higher education in EU member states in achieving the Sustainable Development Goals. Measuring the coefficient of technical efficiency provides more information on the extent to which inputs are used to produce outputs. Data Envelopment Analysis is used to determine the coefficients of technical efficiency. We use three inputs and three outputs in the evaluation of technical efficiency. The inputs used in this research are the total number of students, the number of academic staff and public expenditure on higher education, while the outputs are the number of graduates, employment rates of recent graduates and the overall score of the EU member state in the Sustainable Development Goals. Assessing technical efficiency ratios will help us determine which state uses its resources most efficiently in the higher education sector. It will also highlight less efficient countries and point out ways to improve their efficiency.","PeriodicalId":422603,"journal":{"name":"International Scientific Conference EMAN – Economics and Management: How to Cope with Disrupted Times","volume":"97 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":"124674199","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}