International Journal of Economic Sciences最新文献_第6页

TOWARDS THE CONSTRIBUTION OF ECONOMICS TO THE DEVELOPMENT OF ITS SCIENTIFIC NEIGHBORS. The case of a legal scholarship 论经济学对其邻近科学发展的贡献。法律奖学金的案例

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-12-20 DOI: 10.52950/es.2021.10.2.009

D. Tříska

{"title":"TOWARDS THE CONSTRIBUTION OF ECONOMICS TO THE DEVELOPMENT OF ITS SCIENTIFIC NEIGHBORS. The case of a legal scholarship","authors":"D. Tříska","doi":"10.52950/es.2021.10.2.009","DOIUrl":"https://doi.org/10.52950/es.2021.10.2.009","url":null,"abstract":"In Tříska (2017) have been suggested ways how legal scholarship (LS) may contribute to the development of economics - economic theory (ET). The objective of the present article is to corroborate a reverse know how transfer, i.e. from ET to LS. Its method is thus primarily derived from how micro-economics approaches the institution of a homo economicus.\u0000The articles objective is to show under what conditions can this economic method be expanded and generalized so as to open ways for its application upon neighboring disciplines of societal studies. The outcome of this endeavor– for want of a better term - is presented under the label of a General Theory of Choice and Behavior (GTCB). \u0000Moreover, it is argued that – under the umbrella of GTCB – the disciplines can establish their genuine scientific underpinning and hence also absorb a formalized analytical tool-kit. For concreteness, this conclusion is illustrated for legal scholarship, namely its concept a contract to be strictly taken in the economics sense of a collective choice.\u0000On the highest level of generalization, the article should be understood as a response to the seminal Elinor Ostrom’s call for an agreement amongst societal scholars upon universally acceptable analytical building blocks. \u0000","PeriodicalId":42415,"journal":{"name":"International Journal of Economic Sciences","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2021-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48569267","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

Comparison of the Approach of the Czech National Bank and the European Central Bank to the Effects of the Global Financial Crisis 捷克国家银行和欧洲央行应对全球金融危机影响的方法比较

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-12-20 DOI: 10.52950/es.2021.10.2.002

Andrea Čečrdlová

{"title":"Comparison of the Approach of the Czech National Bank and the European Central Bank to the Effects of the Global Financial Crisis","authors":"Andrea Čečrdlová","doi":"10.52950/es.2021.10.2.002","DOIUrl":"https://doi.org/10.52950/es.2021.10.2.002","url":null,"abstract":"The latest global crisis, which fully erupted in 2008, can have a significant impact on central banks credibility in the long run. During the last crisis, monetary authorities encountered zero interest rate levels and, as a result, started to use non-standard monetary policy instruments. The Czech National Bank decided to use a less standard instrument in November 2013, when it started to intervene on the foreign exchange market in order to keep the Czech currency at level 27 CZK / EUR. However, the European Central Bank also adopted a non-standard instrument, when chose a path of quantitative easing in 2015 in order to support the euro area economy by purchasing financial assets. The question remains whether the approach of Czech National Bank or the approach of European Central Bank in the crisis and post-crisis period was a more appropriate alternative. With the passage of time from the global financial crisis, it is already possible to compare the approaches of these two central banks and at least partially assess what approach was more appropriate under the given conditions. When comparing the central banks approaches to the crisis, the Czech National Bank was better, both in terms of the rate of interest rate cuts and the resulting inflation with regard to the choice of a non-standard monetary policy instrument. The recent financial crisis has revealed the application of moral hazard in practice, both on behalf of the European Central Bank and the Czech National Bank, which may have a significant impact on their credibility and independence in the coming years.","PeriodicalId":42415,"journal":{"name":"International Journal of Economic Sciences","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2021-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42514458","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: 6

Multilevel research of migration with a focus on internal migration 以内部迁移为重点的多层次迁移研究

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-12-20 DOI: 10.52950/es.2021.10.2.005

Lucie Kureková

引用次数: 5

Ambiguous effects of minimum wage tool of labour markets regulation – key study of V4 countries 劳动力市场监管中最低工资工具的模糊效应——对V4国家的关键研究

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-12-20 DOI: 10.52950/es.2021.10.2.004

E. Jašová

引用次数: 6

The Optimum Allocation of Consumption of the Fisherian Shipwrecked Sailors 渔业海难水手消费的最优配置

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-12-20 DOI: 10.52950/es.2021.10.2.007

Pavel Potužák

引用次数: 1

FINANCIAL UNAVAILABILITY OF HOUSING IN THE CZECH REPUBLIC AND RECOMMENDATIONS FOR ITS SOLUTION 捷克共和国住房资金短缺及其解决办法的建议

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-12-20 DOI: 10.52950/es.2021.10.2.003

E. Hromada

引用次数: 23

EFFECTS OF DEMOGRAPHIC STRUCTURE IN GROWTH ACCOUNTING AND LABOUR MARKET DECOMPOSITIONS 人口结构对增长核算和劳动力市场分解的影响

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-12-20 DOI: 10.52950/es.2021.10.2.006

P. Maleček

引用次数: 1

SPORTS MARKET AS A DATA SOURCE FOR ECONOMICS: WITH SPECIAL EMPHASIS ON BETTING AND FANTASY SPORTS 体育市场作为经济学的数据来源:特别强调博彩和梦幻体育

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-01-01 DOI: 10.52950/es.2021.10.1.004

Vojtěch Kotrba, R. Holman

引用次数: 1

TRADE OPENNESS AND TAX STRUCTURE IN MOROCCO: EVALUATION AND IMPACTS 摩洛哥的贸易开放和税收结构:评价和影响

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-01-01 DOI: 10.52950/es.2021.10.1.007

Salhi Salah Eddine, Ritahi Oussama, Echaoui Abdellah

引用次数: 0

PORTFOLIO CHOICE WITH A FUNDAMENTAL CRITERION – AN ALGORITHM AND PRACTICAL APPLICATIONON – A COMPUTATION METHODS AND EMPIRICAL ANALYSIS 提出了投资组合选择的基本准则——算法与实际应用——计算方法与实证分析

IF 2.4

International Journal of Economic Sciences Pub Date : 2021-01-01 DOI: 10.52950/es.2021.10.1.003

P. Kliber, A. Rutkowska-Ziarko

{"title":"PORTFOLIO CHOICE WITH A FUNDAMENTAL CRITERION – AN ALGORITHM AND PRACTICAL APPLICATIONON – A COMPUTATION METHODS AND EMPIRICAL ANALYSIS","authors":"P. Kliber, A. Rutkowska-Ziarko","doi":"10.52950/es.2021.10.1.003","DOIUrl":"https://doi.org/10.52950/es.2021.10.1.003","url":null,"abstract":": Classical models for the construction of an investment portfolio do not account for fundamental values of companies considered. In our approach, we extend the portfolio choice by adding a new criterion connected with the fundamental values of companies to the classical criteria of expected return and risk. It is assumed that an investor selects stocks according to their attractiveness, measured by some indicators of economic and financial situation of companies. In this approach, portfolios are assessed according to three criteria: their expected returns, risk (measured by variance of returns) and economic situation of the companies (measured by some indicators). In this article, we consider the book value to price ratio as a measure of the fundamental value of a company. We discuss an algorithm for constructing portfolios with this fundamental value criterion based on analytical solutions for relevant optimization problems. In the optimization problem, we consider minimizing variance with constrains on expected return and attractiveness of investment. We also present empirical examples of calculating effective portfolios of stocks listed on the Warsaw Stock Exchange and compare their performance with effective portfolios built according to the classical Markowitz approach. By adding an additional criterion of the book to market value, we received portfolios with a higher average realized rate of return compared with the classical Markowitz model. Thus, it can be useful for investors in the capital market to incorporate an additional criterion connected with fundamental values of companies when preparing a model of stock returns.","PeriodicalId":42415,"journal":{"name":"International Journal of Economic Sciences","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71166136","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: 8