Zeitschriften und Ausgaben

Volumen 22 (2022): Heft 3 (September 2022)

Volumen 22 (2022): Heft 1 (June 2022)

Volumen 21 (2021): Heft 4 (December 2021)

Volumen 21 (2021): Heft 3 (September 2021)

Volumen 21 (2021): Heft 2 (June 2021)

Volumen 21 (2021): Heft 1 (March 2021)

Volumen 20 (2020): Heft 4 (December 2020)

Volumen 20 (2020): Heft 3 (September 2020)

Volumen 20 (2020): Heft 2 (June 2020)

Volumen 20 (2020): Heft 1 (March 2020)

Volumen 19 (2019): Heft 4 (December 2019)

Volumen 19 (2019): Heft 3 (September 2019)

Volumen 19 (2019): Heft 2 (June 2019)

Volumen 19 (2019): Heft 1 (March 2019)

Volumen 18 (2018): Heft 4 (December 2018)

Volumen 18 (2018): Heft 3 (September 2018)

Volumen 18 (2018): Heft 2 (June 2018)

Volumen 18 (2018): Heft 1 (March 2018)

Volumen 17 (2017): Heft 4 (December 2017)

Volumen 17 (2017): Heft 3 (September 2017)

Volumen 17 (2017): Heft 2 (June 2017)

Volumen 17 (2017): Heft 1 (March 2017)

Volumen 16 (2016): Heft 4 (December 2016)

Volumen 16 (2016): Heft 3 (September 2016)

Volumen 16 (2016): Heft 2 (June 2016)

Volumen 16 (2016): Heft 1 (March 2016)

Volumen 15 (2015): Heft 4 (December 2015)

Volumen 15 (2015): Heft 3 (September 2015)

Volumen 15 (2015): Heft 2 (June 2015)

Volumen 15 (2015): Heft 1 (March 2015)

Volumen 14 (2014): Heft 4 (December 2014)

Volumen 14 (2014): Heft 3 (September 2014)

Volumen 14 (2014): Heft 2 (June 2014)

Volumen 14 (2014): Heft 1 (March 2014)

Volumen 13 (2013): Heft 4 (December 2013)

Volumen 13 (2013): Heft 3 (September 2013)

Volumen 13 (2013): Heft 2 (June 2013)

Volumen 13 (2013): Heft 1 (March 2013)

Volumen 12 (2012): Heft 4 (December 2012)

Volumen 12 (2012): Heft 3 (October 2012)

Volumen 12 (2012): Heft 2 (June 2012)

Volumen 12 (2012): Heft 1 (March 2012)

Volumen 11 (2011): Heft 4 (December 2011)

Volumen 11 (2011): Heft 3 (September 2011)

Volumen 11 (2011): Heft 2 (June 2011)

Volumen 11 (2011): Heft 1 (March 2011)

Volumen 10 (2010): Heft 4 (December 2010)

Volumen 10 (2010): Heft 3 (September 2010)

Volumen 10 (2010): Heft 2 (June 2010)

Volumen 10 (2010): Heft 1 (March 2010)

Volumen 9 (2009): Heft 4 (December 2009)

Volumen 9 (2009): Heft 3 (September 2009)

Volumen 9 (2009): Heft 2 (June 2009)

Zeitschriftendaten
Format
Zeitschrift
eISSN
1804-1663
Erstveröffentlichung
19 Feb 2010
Erscheinungsweise
4 Hefte pro Jahr
Sprachen
Englisch

Suche

Volumen 22 (2022): Heft 1 (June 2022)

Zeitschriftendaten
Format
Zeitschrift
eISSN
1804-1663
Erstveröffentlichung
19 Feb 2010
Erscheinungsweise
4 Hefte pro Jahr
Sprachen
Englisch

Suche

7 Artikel
Uneingeschränkter Zugang

Activation programs for unemployment benefit recipients in Slovenia

Online veröffentlicht: 23 Jun 2022
Seitenbereich: 75 - 95

Zusammenfassung

Abstract

Activation of the unemployed has been an important topic among policymakers during the last decades. This paper reviews the current measures in Slovenia in the area of activation of unemployment benefit recipients and it compares its formal requirements related to activation against the international background. The paper focuses on five activation areas: adjustment of unemployment benefit eligibility, improving employment services, participation in active labour market policies, monitoring and sanctions. The review lists several recommendations Slovenia should apply to activate unemployment benefit recipients, including introducing more demanding job search requirements and increased monitoring of the compliance with these requirements, introducing compulsory participation in active labour market programs, checking the consistency and effectiveness of the current profiling system, and strengthening the ex-ante effect of sanctions.

Schlüsselwörter

  • activation policies
  • employment
  • labour market
  • Slovenia
  • unemployment

JEL Classification

  • J68
  • J64
Uneingeschränkter Zugang

Wage Polarization in the Context of the Czech Republic

Online veröffentlicht: 23 Jun 2022
Seitenbereich: 97 - 115

Zusammenfassung

Abstract

Existing studies have provided evidence of job polarization in many developed countries. The issue of wage polarization is less obvious: many articles do not address it at all, and some even confuse it with job polarization. At the same time, the significance of the phenomenon of polarization results precisely from the consequence of wage polarization: the increase in wage inequality. The aim of this article is to find out whether wage polarization occurred in the Czech Republic during the period 2004–2018. Wage development in the private sphere does not imply wage polarization, but in the public sphere, results imply a very slight wage polarization mainly due to the development between 2004 and 2010. This phenomenon has occurred in both male and female occupations. Panel regression analysis shows that globalization reduces upper-tail inequality (the ratio Q90/Q50) while increasing lower-tail inequality (the ratio Q50/Q10). At the level of the whole economy, technology seems to contribute to reducing both upper-tail and lower-tail inequality. These results probably correspond to the nature of the Czech economy, which is based on middle-skilled workers with a pro-export focus.

Schlüsselwörter

  • wage polarization
  • labor market
  • wage inequality
  • panel analysis

JEL Classification

  • J21
  • J23
  • J31
Uneingeschränkter Zugang

The firm-specific and macroeconomic determinants of the financial structure of construction companies in selected European countries

Online veröffentlicht: 23 Jun 2022
Seitenbereich: 117 - 133

Zusammenfassung

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.

Schlüsselwörter

  • Asset structure
  • construction
  • financial structure
  • GDP
  • reference interest rate
  • rentability

JEL Classification

  • G32
Uneingeschränkter Zugang

Modelling Determinants of Inflation in CESEE Countries: Global Vector Autoregressive Approach

Online veröffentlicht: 23 Jun 2022
Seitenbereich: 137 - 169

Zusammenfassung

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.

Schlüsselwörter

  • CESEE
  • food prices
  • generalized forecast error variance decomposition
  • generalized impulse response functions
  • Global VAR
  • inflation
  • monetary policy
  • oil prices
  • real exchange rate

JEL Classification

  • C30
  • C50
  • E31
  • E37
  • P24
7 Artikel
Uneingeschränkter Zugang

Activation programs for unemployment benefit recipients in Slovenia

Online veröffentlicht: 23 Jun 2022
Seitenbereich: 75 - 95

Zusammenfassung

Abstract

Activation of the unemployed has been an important topic among policymakers during the last decades. This paper reviews the current measures in Slovenia in the area of activation of unemployment benefit recipients and it compares its formal requirements related to activation against the international background. The paper focuses on five activation areas: adjustment of unemployment benefit eligibility, improving employment services, participation in active labour market policies, monitoring and sanctions. The review lists several recommendations Slovenia should apply to activate unemployment benefit recipients, including introducing more demanding job search requirements and increased monitoring of the compliance with these requirements, introducing compulsory participation in active labour market programs, checking the consistency and effectiveness of the current profiling system, and strengthening the ex-ante effect of sanctions.

Schlüsselwörter

  • activation policies
  • employment
  • labour market
  • Slovenia
  • unemployment

JEL Classification

  • J68
  • J64
Uneingeschränkter Zugang

Wage Polarization in the Context of the Czech Republic

Online veröffentlicht: 23 Jun 2022
Seitenbereich: 97 - 115

Zusammenfassung

Abstract

Existing studies have provided evidence of job polarization in many developed countries. The issue of wage polarization is less obvious: many articles do not address it at all, and some even confuse it with job polarization. At the same time, the significance of the phenomenon of polarization results precisely from the consequence of wage polarization: the increase in wage inequality. The aim of this article is to find out whether wage polarization occurred in the Czech Republic during the period 2004–2018. Wage development in the private sphere does not imply wage polarization, but in the public sphere, results imply a very slight wage polarization mainly due to the development between 2004 and 2010. This phenomenon has occurred in both male and female occupations. Panel regression analysis shows that globalization reduces upper-tail inequality (the ratio Q90/Q50) while increasing lower-tail inequality (the ratio Q50/Q10). At the level of the whole economy, technology seems to contribute to reducing both upper-tail and lower-tail inequality. These results probably correspond to the nature of the Czech economy, which is based on middle-skilled workers with a pro-export focus.

Schlüsselwörter

  • wage polarization
  • labor market
  • wage inequality
  • panel analysis

JEL Classification

  • J21
  • J23
  • J31
Uneingeschränkter Zugang

The firm-specific and macroeconomic determinants of the financial structure of construction companies in selected European countries

Online veröffentlicht: 23 Jun 2022
Seitenbereich: 117 - 133

Zusammenfassung

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.

Schlüsselwörter

  • Asset structure
  • construction
  • financial structure
  • GDP
  • reference interest rate
  • rentability

JEL Classification

  • G32
Uneingeschränkter Zugang

Modelling Determinants of Inflation in CESEE Countries: Global Vector Autoregressive Approach

Online veröffentlicht: 23 Jun 2022
Seitenbereich: 137 - 169

Zusammenfassung

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.

Schlüsselwörter

  • CESEE
  • food prices
  • generalized forecast error variance decomposition
  • generalized impulse response functions
  • Global VAR
  • inflation
  • monetary policy
  • oil prices
  • real exchange rate

JEL Classification

  • C30
  • C50
  • E31
  • E37
  • P24

Planen Sie Ihre Fernkonferenz mit Scienceendo