EconomicaPub Date : 2023-12-01DOI: 10.53486/econ.2023.125.066
Andrei Paslari
{"title":"Blockchain and Cryptocurrency: Disruptive Forces or Economic Enablers?","authors":"Andrei Paslari","doi":"10.53486/econ.2023.125.066","DOIUrl":"https://doi.org/10.53486/econ.2023.125.066","url":null,"abstract":"In this article the author analyses the complex realm of blockchain and cryptocurrencies, highlighting their transformative impact on today’s financial and regulatory landscape. Beginning with the foundational elements and potential applications of the technology, the paper elucidates the disruptive nature of cryptocurrencies, revealing both the opportunities they offer and the inherent challenges they pose. Key concerns include extreme market volatility, potential for misuse in illegal activities, and their profound macroeconomic implications. Also, the author explores the complexities of the evolving regulatory environment, emphasizing the need for a harmonized, dynamic, and transparent regulatory framework that fosters innovation while safeguarding public interest. The study is based on recent research, statistics, and policy developments, aiming to provide readers with a holistic understanding of the complexities and potential trajectories of cryptocurrency and blockchain technologies.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"131 6","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138622484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EconomicaPub Date : 2023-12-01DOI: 10.53486/econ.2023.125.028
Boris Chistruga, M. Popa
{"title":"Towards a New Architecture of Globalization in a Turbulent Era","authors":"Boris Chistruga, M. Popa","doi":"10.53486/econ.2023.125.028","DOIUrl":"https://doi.org/10.53486/econ.2023.125.028","url":null,"abstract":"The present article is a study of the new global trends driven by significant changes in the world economy, disrupting thus, totally, the perception of the systems and processes created under the pressure of pandemics and military crises. Globalization, suggested new mechanisms and instruments for ensuring economic growth and prosperity in the world’s countries. Current trends in the world economy challenge the irreversibility of the traced course. Are these problems an indication that the process of globalization has run out of energy and can no longer generate increased prosperity and that deglobalization would mean the end of welfare? Could globalization continue to be an accelerant for economic growth? Finding the answer to the above questions is the aim of the research, taking into consideration the fact that any economic process, is based on certain premises and takes place under certain conditions that cannot be ignored.","PeriodicalId":48040,"journal":{"name":"Economica","volume":" 23","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138614560","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EconomicaPub Date : 2023-12-01DOI: 10.53486/econ.2023.125.045
Silvia Zaharco, Liudmila Todorova
{"title":"Evolution and Development Opportunities for the Bilateral Trade between the Republic of Moldova and the Republic of Turkey","authors":"Silvia Zaharco, Liudmila Todorova","doi":"10.53486/econ.2023.125.045","DOIUrl":"https://doi.org/10.53486/econ.2023.125.045","url":null,"abstract":"The authors of the present article, analyse the development trends of the bilateral trade between the Republic of Moldova and the Republic of Turkey. The purpose of this study is to reflect the evolution of bilateral trade between the two countries, by analysing the dynamics of exports and imports of goods and their structure, indicating the countries that hold the main positions. The authors used scientific methods such as quantitative and qualitative analysis, the documentary method, and the statistical analysis method were used to achieve the purpose of the research. As a result of the study, it was found that Turkey is one of the main economic partners of the Republic of Moldova, and their bilateral relations are constantly evolving, which promises positive prospects for their integration on the European market","PeriodicalId":48040,"journal":{"name":"Economica","volume":" 46","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138611308","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EconomicaPub Date : 2023-12-01DOI: 10.53486/econ.2023.125.119
Andrei Jizdan
{"title":"Management Control – a Performance Tool for Trading Entities","authors":"Andrei Jizdan","doi":"10.53486/econ.2023.125.119","DOIUrl":"https://doi.org/10.53486/econ.2023.125.119","url":null,"abstract":"In order to ensure efficient management within any entity, it is reasonable to introduce a management and control system covering all its areas of activity. Therefore, management control applied at entity level is not just an important process of knowledge and information, but also, a support in the approach of quick and efficient decision-making. In this study, the concept of management control under performance conditions, its classification and position in the entity’s managerial hierarchy, as well as the research of modern systems of entity performance evaluation were examined. As a methodological support in carrying out the present research, the national and international literature was used, as well as the bibliometric analysis allowing the interpretation of the evolution and impact of scientific research regarding the chosen research topic.","PeriodicalId":48040,"journal":{"name":"Economica","volume":" 11","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138617344","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EconomicaPub Date : 2023-11-29DOI: 10.1111/ecca.12505
Jan Gromadzki, Katarzyna Sałach, Michał Brzeziński
{"title":"When populists deliver on their promises: the electoral effects of a large cash transfer programme in Poland","authors":"Jan Gromadzki, Katarzyna Sałach, Michał Brzeziński","doi":"10.1111/ecca.12505","DOIUrl":"https://doi.org/10.1111/ecca.12505","url":null,"abstract":"<p>We estimate the effects of the introduction of a large cash transfer programme on support for the ruling populist party in Poland. We exploit the variation at the municipal level in the annual cash transfer amount received per capita, and use a difference-in-differences research design to study the electoral effects of the transfer. Our results show that a cash transfer amount of $100 per capita translated into an increase in the vote share for the ruling party of nearly two percentage points. One-third of additional votes came from new voters coming off the sidelines, and the remaining electoral gains were due to voters who had previously voted for other parties. The effects of the programme are persistent, as we see no decrease in the magnitude of effects seven years after the introduction.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 361","pages":"320-345"},"PeriodicalIF":1.4,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138491471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EconomicaPub Date : 2023-11-25DOI: 10.47282/economica/2023/14/3-4/13490
Balázs Levente Tóth, Balázs Fazekas
{"title":"Profitability of exponential and simple moving average crossover strategy and the profitability of trend trading","authors":"Balázs Levente Tóth, Balázs Fazekas","doi":"10.47282/economica/2023/14/3-4/13490","DOIUrl":"https://doi.org/10.47282/economica/2023/14/3-4/13490","url":null,"abstract":"The study focused on trading based on the signals of indicators, specifically examining a strategy using moving average crossovers. One of the main purposes of the paper was to analyse the efficiency differences between the simple and exponential moving average crossover strategies. Additionally, the study explored the impact of trend-following trading on the performance of indicators. The research tested the performance of indicators using the example of companies with the highest market capitalization. The main conclusion of the article is that there was no superior indicator in cases of the examined stocks. Furthermore, during periods of predominantly rising trends, the buy-and-hold strategy outperformed the active trading strategy based on indicators.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"40 1","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139238060","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EconomicaPub Date : 2023-11-24DOI: 10.47282/economica/2023/14/3-4/13488
Mirjam Hamad, Rita Soós, Gergő Tömöri
{"title":"Kreatív számvitel megítélésének, alkalmazásának vizsgálata","authors":"Mirjam Hamad, Rita Soós, Gergő Tömöri","doi":"10.47282/economica/2023/14/3-4/13488","DOIUrl":"https://doi.org/10.47282/economica/2023/14/3-4/13488","url":null,"abstract":"We have chosen creative accounting as the subject of our study, which many people associate with fraud and illegal methods. We asked professionals in the field how they interpret this phenomenon and whether they use it in any of its aspects. To do this, we created a 16-question questionnaire, which we sent out exclusively to accountants and professionals, and closed the door to responses on 8 October 2023, with 134 completed. In this paper, we have focused on the perception of creative accounting, but we have also touched on its application, but we were aware that respondents would be reluctant to answer questions that were too personal and direct. One of our research questions was about perceptions of creative accounting, one was about the importance of accounting principles and two sought to find correlations between the responses. The aim of this study, by sending out the questionnaire, is to improve the perception of creative accounting and to raise awareness of the importance of its use, within a legal framework of course. We would also like to encourage professionals to think that their accounting service should not consist of simply carrying out routine tasks, but that they should consider for each of their companies what activities, and possibly changes in their choices, could help them to achieve optimum operation, tax payments and thus a higher rate of profitability for their company.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"2014 11","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139239204","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EconomicaPub Date : 2023-11-23DOI: 10.47282/economica/2023/14/3-4/11070
Sibulele Mchani
{"title":"Estimating the Impact of North-South and South-South Regional Trade Agreements on South African bilateral trade","authors":"Sibulele Mchani","doi":"10.47282/economica/2023/14/3-4/11070","DOIUrl":"https://doi.org/10.47282/economica/2023/14/3-4/11070","url":null,"abstract":"<jats:p />","PeriodicalId":48040,"journal":{"name":"Economica","volume":"157 ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139244467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EconomicaPub Date : 2023-11-15DOI: 10.1111/ecca.12504
Anders Akerman
{"title":"Market concentration and the relative demand for college-educated labour","authors":"Anders Akerman","doi":"10.1111/ecca.12504","DOIUrl":"https://doi.org/10.1111/ecca.12504","url":null,"abstract":"<p>If large firms employ relatively more educated workers, will an increase in market concentration increase income inequality by raising the relative demand for skill? I use Swedish employer–employee data from 1997–2016 and find a strong correlation between firm size and the share of college-educated (‘skilled’) workers. An increase in a sector's market concentration is correlated with a higher skilled wage premium and higher relative employment of skilled workers. This is due mainly to the reallocation of workers across firms. I demonstrate how these findings can be explained by a model of heterogeneous firms where productivity and skill intensity are positively correlated.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 361","pages":"292-319"},"PeriodicalIF":1.4,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138491492","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EconomicaPub Date : 2023-11-14DOI: 10.1111/ecca.12503
Francisco Queirós
{"title":"The real side of stock market exuberance: bubbles, output and productivity at the industry level","authors":"Francisco Queirós","doi":"10.1111/ecca.12503","DOIUrl":"10.1111/ecca.12503","url":null,"abstract":"<p>There has been a growing interest in the theory of rational bubbles. Recent theories predict that bubbles are expansionary, but differ in the underlying mechanisms. This paper provides empirical evidence that helps us to assess different theories, and documents four main findings: stock market overvaluation is associated with (i) faster output and input growth, (ii) declining total factor productivity (TFP) growth, (iii) a greater contribution of labour and a declining contribution of TFP for output growth, (iv) an increase in the number of firms. Overall, these findings suggest that bubbly expansions are driven by increased factor accumulation (in particular labour), and not from higher productivity growth.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 361","pages":"268-291"},"PeriodicalIF":1.4,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12503","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134991828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}