Central European Journal of Economic Modelling and Econometrics最新文献_第4页

Towards a better understanding of self-selection to teacher training programmes: A case study of a renowned public university in Poland 更好地理解教师培训方案的自我选择:以波兰一所著名公立大学为例

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0021

Mikołaj Herbst, Tomasz Zając

{"title":"Towards a better understanding of self-selection to teacher training programmes: A case study of a renowned public university in Poland","authors":"Mikołaj Herbst, Tomasz Zając","doi":"10.2478/ceej-2023-0021","DOIUrl":"https://doi.org/10.2478/ceej-2023-0021","url":null,"abstract":"Abstract It is difficult to achieve high-quality education without good teachers. Therefore, it is crucial to understand who decides to become a teacher. This study leverages a large-scale administrative dataset comprising detailed records of the educational trajectories of 10 cohorts of students at the University of Warsaw, the largest higher education institution in Poland, in order to investigate self-selection to the teaching profession and to learn whether it depends on the mode of teacher training and the student's primary field of studies. We find that the recruitment of students to the concurrent teacher training programme is characterised by adverse self-selection with respect to prior academic achievements. When it comes to consecutive programmes, pursued as an extension or specialisation within the major programme, the willingness of students to enroll in teacher training is related to their secondary school achievements, but also – and in a distinct way – to their early experience at the university. In the case of STEM and foreign language programmes, we observe adverse selection to teacher training with respect to either the student's pre-university academic outcomes or their achievements during the first year of university studies.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135312839","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

Corporate Investment in Bank-Dependent Companies in Crisis Time 危机时期银行依赖型企业的企业投资

IF 0.2

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0001

E. Bukalska, Ilona Skibińska-Fabrowska

{"title":"Corporate Investment in Bank-Dependent Companies in Crisis Time","authors":"E. Bukalska, Ilona Skibińska-Fabrowska","doi":"10.2478/ceej-2023-0001","DOIUrl":"https://doi.org/10.2478/ceej-2023-0001","url":null,"abstract":"Abstract The aim of this paper is to ascertain corporate investment reaction in bank-dependent companies in times of crisis. Our investigation covers the differences in corporate investment reaction due to the global financial crisis (GFC) of 2007–2009 and the COVID-19 crisis of 2020–2021. We utilized panel data of companies present on the Warsaw Stock Exchange during the GFC and COVID-19 crisis—932 firm-year observations. We found a negative relationship between bank dependence (static ratio) and corporate investment, but a statistical significance was found only for the GFC period. We also found a positive relationship between bank dependence (dynamic ratio) and corporate investment, but statistical significance was found only for the GFC period. Additionally, we found that during the COVID-19 crisis, the level of corporate investment was at its lowest level, but the biggest drop was noticeable during the GFC when compared to the pre-GFC period. Our article contributes to the existing research by being part of the research on corporate investment and capital structure. It consists of the research on one of the determinants of the corporate investment and capital structure decisions—macroeconomic turbulence manifested in economic crises.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80989053","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

Perceived Social Capital and Institutional Environment‘s Impact On the Success of Regional Cluster Policies 感知社会资本和制度环境对区域集群政策成功的影响

IF 0.2

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0012

T. Kwiatkowski, Grzegorz Micek, Mariusz Łapczyński

引用次数: 0

The Unpredicted Rise of Populism: The Case of Poland 民粹主义的意外崛起:以波兰为例

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0018

Danuta A. Tomczak

{"title":"The Unpredicted Rise of Populism: The Case of Poland","authors":"Danuta A. Tomczak","doi":"10.2478/ceej-2023-0018","DOIUrl":"https://doi.org/10.2478/ceej-2023-0018","url":null,"abstract":"Abstract This article investigates the rise of populism in Poland, applying an interdisciplinary method, with political, social, and economic factors as the compound reason for the turn from liberalism towards populism. The methodology of the study is the exploratory analysis of research, historical materials on Poland's transition to capitalism, and calculation of the selected empirical data of household incomes, linked to election results, in the regional cross-section. The household economic condition was validated by a report on deprivation and the presented growth of households’ disposable income, exposing regional differences between the selected voivodeships. The populist party Law and Justice (PiS) won the two last elections, with the majority of votes in low-income regions, which proved the hypothesis that economic inequality, amplified by globalisation and transition disparities were the main reasons for populism's prevalence. The democratic backsliding has not changed party-political scenery for very long, which revealed that for the majority of Polish voters, economic upgrading counted more, despite the violation of democracy. Therefore, the advance of knowledge about measures to reduce the in-country socioeconomic disparities between regions has become more important.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135104949","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

How Does Female Entrepreneurship Affect Happiness? 女性创业如何影响幸福感?

IF 0.2

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0011

Sabrina Chikh-Amnache, Nabila Chikh-Boubaghela, Lotfi Mekhzoumi

{"title":"How Does Female Entrepreneurship Affect Happiness?","authors":"Sabrina Chikh-Amnache, Nabila Chikh-Boubaghela, Lotfi Mekhzoumi","doi":"10.2478/ceej-2023-0011","DOIUrl":"https://doi.org/10.2478/ceej-2023-0011","url":null,"abstract":"Abstract The purpose of this paper is to investigate the correlation between female entrepreneurship and happiness within the Association of Southeast Asian Nations (ASEAN) region. The study uses a panel data model with two independent variables measuring female entrepreneurship and five control variables measuring the determinants of happiness. The method used for analysis is the panel fixed effects of the method of moments quantile regression (MM-QR) to examine data from nine ASEAN countries between 2006 and 2021. MM-QR can capture the location and scale of the conditional distribution of the dependent variable, making it suitable for studying the heterogeneous effects of female entrepreneurship on happiness across happiness quantiles. This approach controls for unobserved time-invariant heterogeneity, reducing omitted variable bias in cross-sectional studies. The MM-QR approach is rigorous and robust for analysing the complex relationship between female entrepreneurship and happiness in ASEAN countries. The main contribution of this study is to shed light on the relationship between female entrepreneurship and happiness, which reinforces and supports comprehensive development in emerging countries. The findings suggest that policymakers and practitioners can benefit from supporting female entrepreneurship by implementing policies and programs that provide access to education, training, mentorship, and financing. Furthermore, the study highlights the importance of the gender development index (GDI) as a determinant of happiness in ASEAN countries.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73901662","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

Cross-Country Differences in Return and Volatility Metrics of World Equity Indices 世界股票指数收益与波动指标的跨国差异

IF 0.2

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0006

Iskandar Sheraliev, R. Ślepaczuk

{"title":"Cross-Country Differences in Return and Volatility Metrics of World Equity Indices","authors":"Iskandar Sheraliev, R. Ślepaczuk","doi":"10.2478/ceej-2023-0006","DOIUrl":"https://doi.org/10.2478/ceej-2023-0006","url":null,"abstract":"Abstract This research seeks to determine whether the cross-country differences in return and volatility metrics in various country equity indices can be explained by differences in economic development. We base the study on the MSCI IMI net income indices on two samples: a 51-country sample from the period 31 May 2002 to 28 February 2022, and a 75-country sample from the period 30 November 2010 to 28 February 2022. In this study, countries are grouped into four categories: frontier, emerging, early-developed, and developed, based on gross domestic product (GDP) per capita. The Kruskal–Wallis rank sum test is used to find cross-group differences, and the results are further analyzed with the pairwise Wilcoxon rank sum test with the Holm–Bonferroni p value adjustment method. The results are relatively unintuitive and show that there is no significant cross-group difference in daily and monthly returns. There is evidence of a considerable difference in volatility metrics, especially in the case of the emerging market group, which is significantly different from the three other groups. The results are slightly sensitive to time period change and very sensitive to changes in income categories of some countries.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75262817","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

Are small farms sustainable and technologically smart? Evidence from Poland, Romania, and Lithuania 小农场是可持续的，技术上明智的吗?来自波兰、罗马尼亚和立陶宛的证据

IF 0.2

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0007

S. Stępień, K. Smędzik-Ambroży, J. Polcyn, A. Kwiliński, Ionut Maican

{"title":"Are small farms sustainable and technologically smart? Evidence from Poland, Romania, and Lithuania","authors":"S. Stępień, K. Smędzik-Ambroży, J. Polcyn, A. Kwiliński, Ionut Maican","doi":"10.2478/ceej-2023-0007","DOIUrl":"https://doi.org/10.2478/ceej-2023-0007","url":null,"abstract":"Abstract Sustainable development of farms is determined by many factors and, in recent years, significance of modern technologies and artificial intelligence (AI) has been pointed out, especially in terms of beneficial effects on economic performance and natural resources. Therefore, there is a need to answer the question about the application of AI technologies in small-scale farms, especially those with a relatively high level of sustainability. In order to obtain the information, a survey in Poland, Romania and Lithuania was carried out. Among the respondents, the 20 most sustainable farms in each country were selected using the CRITIC-TOPSIS method. Next, in-depth interviews were conducted to explore attitudes, behaviour and knowledge of AI.. The results show that small-scale farms in selected countries do not apply artificial intelligence. Although owners recognise and appreciate the benefits of AI, they are not convinced to implement this technology in their own business, they are not completely uncritical about using AI tools in the practice. The main obstacles are: low level of knowledge, misconception of the price of innovation or lack of capital for buying more advanced technology, low interest in implementing innovative solutions due the small scale of production or habituation to traditional production methods.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81067649","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: 2

Consumption behavior towards the circular economy 走向循环经济的消费行为

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0019

Altin Kulli, Małgorzata Grzywińska-Rąpca, Nelson Duarte, Enkelejda Goci, Carla Pereira

{"title":"Consumption behavior towards the circular economy","authors":"Altin Kulli, Małgorzata Grzywińska-Rąpca, Nelson Duarte, Enkelejda Goci, Carla Pereira","doi":"10.2478/ceej-2023-0019","DOIUrl":"https://doi.org/10.2478/ceej-2023-0019","url":null,"abstract":"Abstract The article focuses on the consumption of goods used by consumers of different generations from 3 different countries: Albania, Polish and Portugal. The aim of the analysis was to identify respondents‘ indications concerning: (1) knowledge of the definition of the circular economy, (2) declared by respondents places of purchase of used products and (3) type of purchased products used by respondents. The analysis was conducted among 495 respondents from Albania, Polish and Portugal representing three generations (X, Y, Z). Correspondence analysis was used for statistical data analysis. Statistically significant differences in knowledge of the definition of the circular economy were shown between respondents from Albania, Polish and Portugal. It was also found that respondents‘ preferences regarding the place of purchase of second-hand goods are differentiated (at a statistically significant level) by nationality and year of birth (generation). The obtained results open the possibility of further research aimed at identifying different behaviors among these groups of consumers. The presented work, both in the cognitive and application part, can be a source of knowledge and popularization of research, as well as a source of inspiration for in-depth reflection and scientific discussion. The analyses presented in the publication may complement the existing research in the field of circular economy. Extending the survey to other EU countries can help define a strategy for policymakers, manufacturers and retailers to make greater use of circular economy solutions, while maintaining the viability of their operations.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135266965","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

Green bonds - financial innovation for sustainability financing: The case of the Polish green bonds market and their development barriers 绿色债券——可持续融资的金融创新:波兰绿色债券市场及其发展障碍的案例

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0017

Bartosz Sobik

{"title":"Green bonds - financial innovation for sustainability financing: The case of the Polish green bonds market and their development barriers","authors":"Bartosz Sobik","doi":"10.2478/ceej-2023-0017","DOIUrl":"https://doi.org/10.2478/ceej-2023-0017","url":null,"abstract":"Abstract The struggle against climate change and the increasing implementation of sustainability and environmental, social and governance (ESG) standards have contributed to the dynamic development of green finance. Green bonds have become one of the key tools of green finance. The aim of this paper is to provide a comprehensive study related to the development and barriers of the green bonds market in Poland. A literature review, comparative analysis, and financial data were used in this research. The publication uses data from the Climate Bonds Initiative and includes global data on the development of the green bond market. The research was also enhanced by data from the Polish Ministry of Finance. Green bonds are an increasingly popular financing tool for renewable energy, zero-emission transport, or green buildings. The biggest advantages of green bonds are compliance with ESG standards, hedging of climate risk, and reputational benefits. Disadvantages include significant transaction costs, lack of uniform standardisation, or the risk of greenwashing – particularly when issuing sustainability-linked bonds. The development of green bonds in Poland faces barriers related to the lack of green projects. The development of municipal green bonds in Poland is clearly hampered by high transaction costs and the lack of clear economic benefits for issuers. Green bonds are not an instrument to finance all environmental investments, hence their implementation is limited; however, they are playing an increasingly important role in the transition towards sustainability.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136373283","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

Financial Factors Explaining Value Migration: Evidence from Central Europe 解释价值移民的金融因素:来自中欧的证据

IF 0.2

Central European Journal of Economic Modelling and Econometrics Pub Date : 2023-01-01 DOI: 10.2478/ceej-2023-0008

J. Kubiak, Leszek Czapiewski, Joanna Lizińska

{"title":"Financial Factors Explaining Value Migration: Evidence from Central Europe","authors":"J. Kubiak, Leszek Czapiewski, Joanna Lizińska","doi":"10.2478/ceej-2023-0008","DOIUrl":"https://doi.org/10.2478/ceej-2023-0008","url":null,"abstract":"Abstract The objective of this article is to identify the relationship between financial factors and value migration on a yearly basis. The data cover nonfinancial firms listed on exchanges in Central European (CE) countries from 2016 to 2020. To evaluate the migration of value between industries, the share in the industry migration balance was estimated. Next, averages in three industry terciles, set on the basis of the change in market value added, were calculated and compared using both parametric and nonparametric tests. It allowed us to analyse the economic and statistical significance of the value drivers in the value migration process. The value migration in the largest Central European industries intensified during the COVID-19 crisis. The largest sectors were not negatively affected by the pandemic. It seems that, at least for some industries, there was a positive relationship between the growth of market value and sales profitability, sales growth, and cash levels. The market value drivers did not significantly change in the first year of the pandemic. This study contributes to the recent empirical literature on value changes and fills the gaps in the current research for the Central European region, during the time of the macroeconomic crisis induced by the COVID-19 pandemic. The conclusions on the value migration factors may be useful for investors in their decision-making process. Our results can also serve as a valuable reference for managers in the process of defining business strategies, especially during turbulent periods.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86918621","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