Review of Economic Perspectives最新文献_第4页

Modelling Determinants of Inflation in CESEE Countries: Global Vector Autoregressive Approach CESEE国家通货膨胀的模型决定因素:全球向量自回归方法

IF 0.7

Review of Economic Perspectives Pub Date : 2022-06-01 DOI: 10.2478/revecp-2022-0007

S. Jakšić

{"title":"Modelling Determinants of Inflation in CESEE Countries: Global Vector Autoregressive Approach","authors":"S. Jakšić","doi":"10.2478/revecp-2022-0007","DOIUrl":"https://doi.org/10.2478/revecp-2022-0007","url":null,"abstract":"Abstract After a prolonged period of relatively stable price levels, the beginning of the third decade of the 21st century has brought inflation once again into the spotlight. This paper focuses on the inflation dynamics in a set of post-communist countries that eventually became members of the European Union. Due to EU accession augmented by the globalization process and involvement in global value chains (GVC), the international impacts are becoming progressively important for the domestic inflation dynamics and domestic variables are not sufficient to fully describe the domestic inflation dynamics. The employed methodology, Global Vector Autoregressive (GVAR) approach, allows modelling interactions and spillovers among countries, making the most of its advantages over the usual VAR models that model each economy separately and panel models, where countries are often treated as independent units. The results of the empirical analysis confirm that the globalisation process has led to increasing the importance of international impacts on the domestic inflation dynamics. On the other hand, the results also indicate that accounting for a larger set of countries decreases the severity of the commodity price shocks and makes them less persistent. Furthermore, monetary policy acts as a buffer against adverse shocks, especially in the countries that are still not members of the euro-zone. The findings of the paper show that the analysed countries are pronouncedly heterogeneous. Hence, each of the analysed economies has its own set of country-specific factors which, from country to country, play a more important or a less significant role in explaining national inflation dynamics. Thus, the paper should contribute to a more comprehensive understanding of the inflation dynamics in the policy-making context.","PeriodicalId":43002,"journal":{"name":"Review of Economic Perspectives","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45420595","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: 1

The firm-specific and macroeconomic determinants of the financial structure of construction companies in selected European countries 选定欧洲国家建筑公司财务结构的具体企业和宏观经济决定因素

IF 0.7

Review of Economic Perspectives Pub Date : 2022-06-01 DOI: 10.2478/revecp-2022-0006

Petra Růčkova, Nicole Škuláňová

{"title":"The firm-specific and macroeconomic determinants of the financial structure of construction companies in selected European countries","authors":"Petra Růčkova, Nicole Škuláňová","doi":"10.2478/revecp-2022-0006","DOIUrl":"https://doi.org/10.2478/revecp-2022-0006","url":null,"abstract":"Abstract This research builds on previous studies in the field of financial structure and develops knowledge for the construction industry in eight selected countries in Central and Eastern Europe – Visegrád Group, Austria, Bulgaria, Slovenia, and Romania. The aim of the research is to examine the influence of profitability, asset structure, the GDP growth rate and the reference interest rate on the level of total, long-term and short-term debt of companies. The research period is from 2009 to 2018. The main conclusion of the research is the finding that the amount of debt of selected construction companies is most affected by the determinants of the external environment – the development of the economy and the reference interest rate. This conclusion applies regardless of the size of the companies. The direction of the resulting impact differs, as each of the economies underwent a different economic development during the period under review. The interest rate negatively affected the amount of debt of Polish, Romanian and Hungarian companies, given the higher interest rates in these economies; the remaining companies have a positive impact. The impact of the GDP growth rate on the amount of debt is mainly negative for Romanian companies regardless of size, medium-sized Polish and Austrian companies, and large Czech companies; a positive effect was found for the remaining companies. Economies have grown for most of the period under review, and negative impacts may mean taking advantage of profits, which usually grow during periods of prosperity and are a cheap source of funding. This does not necessarily mean economic problems and, as a result, declining debt due to the unavailability of debt financing.","PeriodicalId":43002,"journal":{"name":"Review of Economic Perspectives","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42739622","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

Wage Polarization in the Context of the Czech Republic 捷克共和国背景下的工资两极分化

IF 0.7

Review of Economic Perspectives Pub Date : 2022-06-01 DOI: 10.2478/revecp-2022-0005

Radek Náplava

引用次数: 0

A theoretical framework to evaluate ICT disparities and digital divides: Challenges and implications for e-government development 评估信通技术差距和数字鸿沟的理论框架：对电子政务发展的挑战和影响

IF 0.7

Review of Economic Perspectives Pub Date : 2022-03-01 DOI: 10.2478/revecp-2022-0002

Martin Lnenicka, R. Machová

{"title":"A theoretical framework to evaluate ICT disparities and digital divides: Challenges and implications for e-government development","authors":"Martin Lnenicka, R. Machová","doi":"10.2478/revecp-2022-0002","DOIUrl":"https://doi.org/10.2478/revecp-2022-0002","url":null,"abstract":"Abstract Understanding and using ICT is critical for increasing effectiveness of the public sector, improving access to public services, enhancing transparency and engagement of various stakeholders in public decision-making processes. At the same time, utilization of new emerging technologies such as cloud computing, big data analytics, open data, social media, or Internet of Things has become more commonplace in recent years. This study aims to understand what determines ICT disparities and digital divides in the context of new technologies and digital world shifts. For this purpose, a theoretical framework of ICT-related indicators elucidating differences between the traditional and new approach is proposed. These ICT indicators were identified through the decomposition of related ICT and e-government indices together with explanatory factors derived from the literature. The European Union Member States were chosen as a sample for the exploratory analysis because of the availability of relevant indicators. More specifically, correlation, factor, regression, and cluster analyses were employed as empirical strategies to carry out this study. The Human Development Index together with research and development expenditure are the most important explanatory factors for the new approach, while the traditional set of indicators is still mostly correlated with the gross domestic product per capita. Finally, five clusters of Member States were identified and their implications for improving the use of ICT in the public sector are described.","PeriodicalId":43002,"journal":{"name":"Review of Economic Perspectives","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49324179","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: 1

Banks’ Credit Losses and Provisioning over the Business Cycle: Implications for IFRS 商业周期内银行信贷损失和拨备:对国际财务报告准则的影响

IF 0.7

Review of Economic Perspectives Pub Date : 2022-03-01 DOI: 10.2478/revecp-2022-0003

Simona Malovaná, Ž. Tesařová

引用次数: 0

Natural Resource Revenue Management: Which Institutional Factors Matter? 自然资源收益管理：哪些制度因素很重要？

IF 0.7

Review of Economic Perspectives Pub Date : 2022-03-01 DOI: 10.2478/revecp-2022-0001

M. Smělá, J. Sejkora

引用次数: 1

What are the factors of tax evasion? New findings in the EVS Study 逃税的因素是什么？EVS研究的新发现

IF 0.7

Review of Economic Perspectives Pub Date : 2021-12-01 DOI: 10.2478/revecp-2021-0017

Tereza Ryšavá, Hana Zídková

引用次数: 3

Distribution of new cars – no longer an issue for EU competition law? 新车的销售——不再是欧盟竞争法的问题?

IF 0.7

Review of Economic Perspectives Pub Date : 2021-12-01 DOI: 10.2478/revecp-2021-0016

V. Šmejkal

引用次数: 0

Reality and expectations of old-age pension savings in the pension system of the Slovak Republic 斯洛伐克共和国养老金制度中养老金储蓄的现实和期望

IF 0.7

Review of Economic Perspectives Pub Date : 2021-12-01 DOI: 10.2478/revecp-2021-0018

Peter Sika, J. Vidová

{"title":"Reality and expectations of old-age pension savings in the pension system of the Slovak Republic","authors":"Peter Sika, J. Vidová","doi":"10.2478/revecp-2021-0018","DOIUrl":"https://doi.org/10.2478/revecp-2021-0018","url":null,"abstract":"Abstract The aim of the authors is to provide a critical statistical-analytical view of the current pension system of the Slovak Republic with special regard to old -age pension savings in its fifteen-year existence, resulting in proposals for adjustments to its operation. It includes an analysis of the sustainability of pension systems, an analysis of the age distribution of savers as well as possible investment strategies of savers and the distribution of their property savings in pension funds. We model the investment strategy of a participant in old-age pension savings. We draw attention to the evaluation of old -age pension savings in pension funds during its existence and quantify the potential loss caused by an inappropriate investment strategy of savers. The an alysis showed that the Slovak participant in old-age pension savings invests mainly in conservative pension assets, which bring low volatility in the short term, which may not be optimal in the long run. In order to achieve change, we also outline the possibilities of changing the attitudes of savers to value their savings and propose reform steps that would contribute to ensuring a balance between the financial and social sustainability of the pension system.","PeriodicalId":43002,"journal":{"name":"Review of Economic Perspectives","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45803360","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

Measuring monetary policy by money supply and interest rate: evidence from emerging economies 通过货币供应量和利率衡量货币政策：来自新兴经济体的证据

IF 0.7

Review of Economic Perspectives Pub Date : 2021-09-01 DOI: 10.2478/revecp-2021-0015

Trung Bui, Kiss Dávid Gábor

引用次数: 1