Acta Oeconomica最新文献_第2页

Testing the Lee-Carter model on Hungarian mortality data 在匈牙利死亡率数据上检验李-卡特模型

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00010

Gábor Petneházi, J. Gáll

引用次数: 0

Deep dive into beggar-thy-neighbour effects of monetary policy spillovers 深入探究货币政策溢出效应的以邻为壑效应

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00005

Emil Adámek, Lukáš Jursa

{"title":"Deep dive into beggar-thy-neighbour effects of monetary policy spillovers","authors":"Emil Adámek, Lukáš Jursa","doi":"10.1556/032.2023.00005","DOIUrl":"https://doi.org/10.1556/032.2023.00005","url":null,"abstract":"We analyse the effect of the European Central Bank's (ECB) monetary shock spillover and its impact on the European Union's 9 countries outside the euro area (EA) between 2000 and 2020. We use the sign-restricted Bayesian VAR model and subsequent interpretation by plotting the impulse-response functions. Moreover, we investigate both conventional and unconventional monetary policies and its international transmission. The spillover of monetary policy is growing with the openness of economies and the ongoing deepening of integration. The output responds to the EA's monetary shock flexibly and persistently, but there is considerable heterogeneity across countries. We claim that it is essential for central banks outside the EA to monitor and incorporate the ECB's monetary policy spillover into decision-making processes. In particular, the international transmission of the unconventional monetary policy has a fundamental effect on the development of the price level, thus achieving price stability. In the case of implementing a counter-cyclical policy, it is also necessary to monitor conventional policy. However, there is no need to fight the spillover effect since there is no beggar-thy-neighbour problem, i.e., spillover effect works in the same direction in both domestic and foreign country.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47802829","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Towards a set of indices for relational economy on the example of Hungary 建立一套以匈牙利为例的关系经济指标

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00007

Bálint Madlovics, B. Magyar

引用次数: 1

Taxation and economic growth: A historical and agnostic review 税收与经济增长：历史与不可知论综述

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00003

V. Tanzi, Hüseyin Şen, Ayşe Kaya

引用次数: 0

Comparative capitalism in central and Eastern Europe – A test of similarity to Western Europe 中欧和东欧的资本主义比较——与西欧相似的检验

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00004

M. Próchniak, R. Rapacki, Adam Czerniak, Juliusz Gardawski, Bożena Horbaczewska, A. Karbowski, P. Maszczyk, Rafał Towalski

{"title":"Comparative capitalism in central and Eastern Europe – A test of similarity to Western Europe","authors":"M. Próchniak, R. Rapacki, Adam Czerniak, Juliusz Gardawski, Bożena Horbaczewska, A. Karbowski, P. Maszczyk, Rafał Towalski","doi":"10.1556/032.2023.00004","DOIUrl":"https://doi.org/10.1556/032.2023.00004","url":null,"abstract":"We aimed to enrich the empirical picture and to better understand the nature of post-communist capitalism in the new EU member states in Central and Eastern Europe (CEE11). Our main research goal is to assess the degree of similarity of the institutional architectures in these countries toward each of the four models of capitalism in Western Europe distinguished by Bruno Amable (2003), represented in our research by one Western European country being the most typical empirical approximation of a particular ‘ideal-typical’ model. The study is based on the application of a new method designed for the purpose of our research, the coefficients of similarity. Our empirical exercise shows that the CEE11 countries exhibited on average the greatest relative similarity to the Mediterranean model of capitalism, represented by Spain and Italy. At the same time, they also displayed a considerable institutional proximity to the Continental model of capitalism, represented by Germany, and – to a lesser extent – to two remaining benchmarks. These findings may be generalized as the prevalence of a polycentric pattern of institutional similarity of the CEE11 economies to the established models of Western European capitalism which makes the emerging post-communist capitalism a distinct research category and adds to its patchwork nature.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44909991","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Import intensities of final demand components and their implications for economic openness: The case of the Czech Republic 最终需求成分的进口强度及其对经济开放的影响:以捷克共和国为例

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00009

Zdeněk Pikhart, Šárka Pikhartová

{"title":"Import intensities of final demand components and their implications for economic openness: The case of the Czech Republic","authors":"Zdeněk Pikhart, Šárka Pikhartová","doi":"10.1556/032.2023.00009","DOIUrl":"https://doi.org/10.1556/032.2023.00009","url":null,"abstract":"The article deals with the estimation of import intensities of exports, final consumption expenditures and gross fixed capital formation. It uses the input-output methodology of computing direct and indirect imports to the final demand components, which compares with regression estimates. Unlike the widely used turnover approach, the results contribute fundamentally to knowledge about the genuine openness of the Czech economy with regard to how much value-added is exported. In 2015, the highest import intensity for exports amounting to 52%, closely followed by 49% for investments. Household consumption worked with 41% import intensity, while general government consumption expenditures showed the lowest import intensity of 16%. Based on our input-output findings, the true openness of the Czech economy can be revealed. While turnover of exports to GDP reached 80% in 2019, the value-added approach showed only a half, i.e., 40% value-added was exported. It implies a contra-intuitive conclusion that even in a relatively small and highly integrated country into the globalized economy, there is a 60% majority of the non-tradeable goods.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41536434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The interaction of actor-independent and actor-dependent factors in new venture formation: The case of blockchain-enabled entrepreneurial firms 新风险形成中行动者独立因素和行动者依赖因素的互动：以区块链创业公司为例

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-01-09 DOI: 10.1556/032.2023.00001

V. Semenova, Szabolcs Szilárd Sebrek, Betsabé Pérez Garrido, Andrea Katona, G. Michalkó

{"title":"The interaction of actor-independent and actor-dependent factors in new venture formation: The case of blockchain-enabled entrepreneurial firms","authors":"V. Semenova, Szabolcs Szilárd Sebrek, Betsabé Pérez Garrido, Andrea Katona, G. Michalkó","doi":"10.1556/032.2023.00001","DOIUrl":"https://doi.org/10.1556/032.2023.00001","url":null,"abstract":"The study seeks to explore how blockchain technology enables the creation of new ideas for ventures and to examine the activities of founders and entrepreneurial teams in shaping those ideas. We adopted several theoretical frameworks – external enablers theory, dynamic capabilities (DCs), and dynamic managerial capabilities (DMCs) – to explain the interaction of the actor-independent and actor-dependent factors in the process of new firm formation. We analysed four Hungarian blockchain start-ups that operate across financial services, cryptocurrency trading, crypto asset management, energy, information technology, and identity industries and create high value-added and cross-industrial offerings for Hungarian and foreign markets. Using qualitative study research results, the study develops the model of external enablers, founders' and firm capabilities and new venture creation. We identify three interconnected external enablers – namely, market volatility associated with the growing popularity of cryptocurrencies and the underlying blockchain technology, the properties of blockchain, and the ideology behind the technology – and discuss the role of entrepreneurs' DMCs and sensing and seizing activities in discovering and shaping these enablers into profitable business ideas.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45101378","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Developing a local supply chain network: The case of Magyar Suzuki in Hungary 发展本地供应链网络：以匈牙利的Magyar Suzuki为例

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2022-12-12 DOI: 10.1556/032.2022.00034

Kaoru Natsuda, Magdolna Sass, L. Csonka

引用次数: 3

The various European capitalism models: Convergence and growth in the 2014–2019 inter-crisis period 各种欧洲资本主义模式：2014-2019年危机期间的融合与增长

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2022-12-12 DOI: 10.1556/032.2022.00029

Éva Kuruczleki, András London, A. Pelle, Marcell Zoltán Végh

引用次数: 1

Do menu costs lead to hysteresis in aggregate output? The experiences of some agent-based simulations 菜单成本会导致总产出滞后吗?一些基于主体的模拟的经验

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2022-12-12 DOI: 10.1556/032.2022.00033

Miklós Váry

{"title":"Do menu costs lead to hysteresis in aggregate output? The experiences of some agent-based simulations","authors":"Miklós Váry","doi":"10.1556/032.2022.00033","DOIUrl":"https://doi.org/10.1556/032.2022.00033","url":null,"abstract":"The transitory shock of the financial crisis of 2008 pushed most economies to permanently lower-level growth paths than those prevalent before the crisis, which can be considered as a manifestation of hysteresis. It is well known that some fixed adjustment costs lead to hysteresis in aggregate output. This paper investigates within an agent-based model, whether the fixed costs of price adjustment (menu costs) lead to the same result. Hysteresis emerges in some simple variants of the model independently of firms being assumed boundedly or perfectly rational, but these model variants fit to the empirical data poorly. The model's empirical performance can be improved by assuming that firms are hit by idiosyncratic productivity shocks, but these shocks eliminate hysteresis generated by menu costs. However, hysteresis survives even in their presence, if it is generated by demand-supply interactions, i.e., positive feedbacks from the output gap to potential output. Our conclusion is that if one would like menu costs to serve as an at least as relevant explanation for the hysteretic dynamics of aggregate output as demand-supply interactions, one has to find an alternative assumption to replace idiosyncratic productivity shocks as a mechanism to assure good empirical fit for the model.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46844963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0