Central European Journal of Economic Modelling and Econometrics最新文献_第8页

Online Openness and Transparency of Local Budgets in Belarus 白俄罗斯地方预算的网上公开与透明

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2478/ceej-2021-0009

Юрий Васильевич Криворотько, Dmitriy V. Sokol

{"title":"Online Openness and Transparency of Local Budgets in Belarus","authors":"Юрий Васильевич Криворотько, Dmitriy V. Sokol","doi":"10.2478/ceej-2021-0009","DOIUrl":"https://doi.org/10.2478/ceej-2021-0009","url":null,"abstract":"Abstract World experience shows that public participation in the budget process and openness in the public sector are the necessary conditions for a proper economic strategy of the State. Financial openness contributes to the efficient collection and distribution of public resources. It expands the responsibility of governments, strengthens the trust of citizens and prevents opportunities for corruption. Researchers around the world (Alt, Lassen, Skilling, Bernick, Gandía, Yannacopoulos, Darbyshire, Slukhai and others) and international organisations such as the International Monetary Fund, OECD, the World Bank, the International Budget Partnership (IBP), the Global Initiative for Financial Transparency and the Open Government Partnership have shown growing interest in financial openness issues in recent years. This paper attempts to develop and test a methodology for the operational analysis of online information openness and transparency of the budget process at the local level. The developed methodology used two criteria: (1) the level of transparency of the local budget and (2) an assessment of authority's efforts in ensuring transparency of local budgets. It is based on expert assessments of the informational significance of particular elements of websites of local authorities in issues of local finance and budget. We interpret the resulting assessment of the information content of the site with the local budget and finances data as the online openness and transparency of local budgets Online Local Budget Index of Transparency (OLBIT).","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84810745","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

Editorial: Special Edition of the Central European Economic Journal to Mark the 70th Birthday of Prof. Tomasz Żylicz 社论:《中欧经济杂志》特别版纪念Tomasz教授70岁生日Żylicz

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2478/ceej-2021-0011

Mikołaj Czajkowski

引用次数: 0

Activity of the Regional Polish United Workers’ Party Apparatus in 1970–1989 1970-1989年波兰地区统一工人党机构的活动

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2478/ceej-2021-0006

Dariusz Standerski

{"title":"Activity of the Regional Polish United Workers’ Party Apparatus in 1970–1989","authors":"Dariusz Standerski","doi":"10.2478/ceej-2021-0006","DOIUrl":"https://doi.org/10.2478/ceej-2021-0006","url":null,"abstract":"Abstract The article aims to verify whether, in the 1980s, there was a significant decrease in the involvement of the regional communist party structures in charge of economic affairs in Poland. The analysis is made on the case of the Warsaw Committee (KW) of the Polish United Workers’ Party (PUWP). Archival documents gathered in the State Archive in Warsaw were used to perform the analysis. The protocols of the meetings of the Executive and Secretariat 1970–1989 were collected, described and analysed. Moreover, the analysis was supplemented by the Statistical Yearbooks of Warsaw (GUS, 1957–1974), the Statistical Yearbooks of the Capital City of Warsaw (GUS, 1976–1981) and the Journal of Laws of the People's Republic of Poland 1970–1989. A statistical analysis of economic activity of the KW of the PUWP in the context of macroeconomic variables and economic activity of central authorities was performed. The correlation coefficient between macroeconomic performance and Party activity indicates the convergence of both trends in the 1970s and the lack of correlation in the 1980s. The decline in engagement after 1978 was unprecedented. In this period, there was a discrepancy between the activities of the central government and the Party apparatus, which remained in place until the end of the system. Institutional mechanisms in the Principal–Agent relation weakened significantly in 1980s.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80134787","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

Fiscal Sustainability Hypothesis Test in Central and Eastern Europe: A Panel Data Perspective 中欧和东欧财政可持续性假设检验:面板数据视角

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2139/ssrn.3781438

Benjamin Owusu

{"title":"Fiscal Sustainability Hypothesis Test in Central and Eastern Europe: A Panel Data Perspective","authors":"Benjamin Owusu","doi":"10.2139/ssrn.3781438","DOIUrl":"https://doi.org/10.2139/ssrn.3781438","url":null,"abstract":"Abstract This paper assesses the fiscal sustainability hypothesis for 10 Central and Eastern European countries (CEEC) between 1997 and 2019. The study adopts very recent panel econometric techniques which accounts for issues of structural breaks and cross-sectional dependence in the data generating process to examine the cointegration between government revenue and expenditures. Preliminary results show that revenues and expenditures do not have a long-run relationship and hence a rejection of the sustainability hypothesis. As a next step, we discriminate between structural and cyclical components of revenues and expenditures in order to place emphasis on the structural component. We argue that the structural component of fiscal variables represents the actual long term behaviour of the policymaker. Further results indicate that structural revenues and expenditures have a long-run relationship however with a slope coefficient less than unity which implies sustainability in the weaker sense. At that point, expenditures exceed revenues and if this continues for a long time the government may find it difficult to market its debts in the long run. This result suggests that the fiscal authorities in CEEC must therefore do more by taking long term actions to counteract the rising fiscal deficit problems.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79287011","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

Economic impact of the EU Eastern enlargement on New Member States revisited: The role of economic institutions 欧盟东扩对新成员国的经济影响:经济机构的作用

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2478/ceej-2021-0008

J. Hagemejer, J. Michałek, Pavel Svatko

引用次数: 3

What Determines the Success of an IPO? Analysis of IPO Underpricing on the Warsaw Stock Exchange 决定IPO成功的因素是什么?华沙证券交易所IPO抑价分析

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2478/ceej-2021-0001

P. Małachowski, Dominika Gadowska-dos Santos

引用次数: 2

Equilibrium and Convergence in Income Distribution: The Case of 28 European Countries in the Recent, Turbulent Past (1995–2019) 收入分配的均衡与趋同:欧洲28国近期动荡历史的案例(1995-2019)

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2478/ceej-2021-0007

Yanling Guo, Friedrich L. Sell

引用次数: 1

Sustainability disclosure and its impact on firm's value for Energy and Healthcare industry 能源和医疗保健行业可持续性信息披露及其对公司价值的影响

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2478/ceej-2021-0022

Dan T. Constantinescu

{"title":"Sustainability disclosure and its impact on firm's value for Energy and Healthcare industry","authors":"Dan T. Constantinescu","doi":"10.2478/ceej-2021-0022","DOIUrl":"https://doi.org/10.2478/ceej-2021-0022","url":null,"abstract":"Abstract This paper investigates the relationship between sustainability disclosure measured through the combined and individual environmental, social, and governance (ESG) scores and the value of European companies from energy and health care industries. The reasons for this research are the increased awareness of sustainability disclosure, the inclusion of nonfinancial information in corporate reporting and possible added value to the company, the ongoing COVID-19 pandemic, and its impact on the global economy. The sample consists of 305 observations for 61 European companies from different categories in the energy industry and 225 observations for 45 European companies in the health care industry. To apply the research model to the samples of companies set as panel data, two linear regressions were designed, each using a different dependent variable to increase the reliability of the outputs. The results indicate a negative and significant correlation between the environmental factor and firms’ value for the energy sector and no influence of the sustainability disclosure on the value of companies in the health care industry. The research contributes to the literature by addressing the impact of sustainability disclosure on the value of the European companies from sensitive industries, using both the combined and individual ESG scores to measure sustainability disclosure. Furthermore, the study encourages other academic research on this subject.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77293040","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

Value of Life Year and Cost-Effectiveness Thresholds: The Case of Poland 生命年价值与成本效益阈值:波兰案例

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2478/ceej-2021-0019

O. Markiewicz

{"title":"Value of Life Year and Cost-Effectiveness Thresholds: The Case of Poland","authors":"O. Markiewicz","doi":"10.2478/ceej-2021-0019","DOIUrl":"https://doi.org/10.2478/ceej-2021-0019","url":null,"abstract":"Abstract Objective The objective of this article is to examine how people value two different attributes of Value of Life Year (VOLY): life expectancy and the quality of life. The results of the first VOLY estimations conducted in Poland are discussed and compared with Polish cost-effectiveness thresholds for medical treatments in the period 2008–2020. Methodology The Discrete Choice Experiment (DCE) method was used to value two attributes of VOLY: increase in life expectancy and improvement in the quality of life. Main findings The VOLY research was conducted in two populations: general and dialysis. Depending on their current health status, people value increased life expectancy and improvement in health quality differently. In light of these results, the VOLY should be differentiated. Also in the Quality Adjusted Life Year (QALY) indicator, the weights of the attributes of length and quality of life should be varied according to different states of health. A uniform cost-effectiveness threshold is not justified from the perspective of stated preferences. Cost-effectiveness thresholds based on demand-side values should be differentiated. Current Polish cost-effectiveness thresholds are overestimated compared to valuations based on stated preferences. Contributions The article presents the first estimations of two attributes of VOLY: life expectancy and the quality of life, carried out in Poland.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81845732","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

Disputes Over the Concept of Ecological Economics and Environmental Economics in the Light of the Works of Professor Tomasz Żylicz 从Tomasz教授的著作看生态经济学与环境经济学概念之争Żylicz

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Central European Journal of Economic Modelling and Econometrics Pub Date : 2021-01-01 DOI: 10.2478/ceej-2021-0014

S. Czaja

{"title":"Disputes Over the Concept of Ecological Economics and Environmental Economics in the Light of the Works of Professor Tomasz Żylicz","authors":"S. Czaja","doi":"10.2478/ceej-2021-0014","DOIUrl":"https://doi.org/10.2478/ceej-2021-0014","url":null,"abstract":"Abstract The problem of the concept of ecological and environmental economics and the relationship between them is the vital research problem in modern economics. The presentation of disputes in this respect is the subject of the presented article. For obvious, substantive and non-substantive reasons, the scientific views of Professor Tomasz Żylicz will be the central axis. The purpose of the topic presented in this paper analysis is not to settle the controversy but to present the dispute using the views of some discussion participants, especially the comments formulated by Professor Tomasz Żylicz. The research method is based on a critical analysis of the literature and desktop research. Conclusion 1: The problem of understanding ecological and environmental economics is just one of the many important issues that can be found in the works of Professor Tomasz Żylicz. Conclusion 2: This problem is connected with very interesting theoretical, cognitive and terminological issues and practical issues related to the implemented environmental policies or sustainable development strategies at their various levels.","PeriodicalId":9951,"journal":{"name":"Central European Journal of Economic Modelling and Econometrics","volume":null,"pages":null},"PeriodicalIF":0.2,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80642999","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