Revista y Edición

AHEAD OF PRINT

Volumen 58 (2022): Edición 1 (March 2022)

Volumen 57 (2021): Edición 4 (December 2021)

Volumen 57 (2021): Edición 3 (September 2021)

Volumen 57 (2021): Edición 2 (June 2021)

Volumen 57 (2021): Edición 1 (March 2021)

Volumen 56 (2020): Edición 4 (December 2020)

Volumen 56 (2020): Edición 3 (September 2020)

Volumen 56 (2020): Edición 2 (June 2020)

Volumen 56 (2020): Edición 1 (March 2020)

Volumen 55 (2019): Edición 4 (December 2019)

Volumen 55 (2019): Edición 3 (September 2019)

Volumen 55 (2019): Edición 2 (June 2019)

Volumen 55 (2019): Edición 1 (March 2019)

Volumen 54 (2018): Edición 4 (December 2018)

Volumen 54 (2018): Edición 3 (September 2018)

Volumen 54 (2018): Edición 2 (June 2018)

Volumen 54 (2018): Edición 1 (March 2018)

Volumen 53 (2017): Edición 4 (December 2017)

Volumen 53 (2017): Edición 3 (September 2017)

Volumen 53 (2017): Edición 2 (June 2017)

Volumen 53 (2017): Edición 1 (March 2017)

Volumen 52 (2016): Edición 1 (December 2016)

Volumen 51 (2016): Edición 1 (September 2016)

Volumen 50 (2016): Edición 1 (June 2016)

Volumen 49 (2016): Edición 1 (March 2016)

Volumen 48 (2015): Edición 1 (December 2015)

Volumen 47 (2015): Edición 1 (September 2015)

Volumen 46 (2015): Edición 1 (June 2015)

Volumen 45 (2015): Edición 1 (March 2015)

Volumen 44 (2014): Edición 1 (December 2014)

Volumen 43 (2014): Edición 1 (September 2014)

Volumen 42 (2014): Edición 1 (June 2014)

Volumen 41 (2014): Edición 1 (March 2014)

Volumen 40 (2013): Edición 1 (December 2013)

Volumen 39 (2013): Edición 1 (September 2013)

Volumen 38 (2013): Edición 1 (June 2013)

Volumen 37 (2013): Edición 1 (March 2013)

Detalles de la revista
Formato
Revista
eISSN
2543-5361
Publicado por primera vez
17 Oct 2014
Periodo de publicación
4 veces al año
Idiomas
Inglés

Buscar

Volumen 53 (2017): Edición 4 (December 2017)

Detalles de la revista
Formato
Revista
eISSN
2543-5361
Publicado por primera vez
17 Oct 2014
Periodo de publicación
4 veces al año
Idiomas
Inglés

Buscar

7 Artículos
Acceso abierto

Editorial

Publicado en línea: 29 Dec 2017
Páginas: 5 - 7

Resumen

Acceso abierto

The Innovation-Driven Impact on Economic Structure Transition. The Case of China

Publicado en línea: 29 Dec 2017
Páginas: 9 - 26

Resumen

Abstract

The research measures the driving force of innovation in economic structure transition. In order to change the pattern of economic development, China is implementing a strategy of innovation-driven development. China’s capacity of innovation has been increasing, especially since 2012, and China’s innovations have taken a leap-forward development. Nowadays, innovation has become a main driving force in China’s economic development and hi-tech industries particularly make a great contribution. Although China’s tertiary industry has been dominant and its share in three industrial sectors has been exceeding 50% since 2015, a problem still exists in China’s economy that the proportions of primary and secondary industries are relatively higher compared with developed countries. In this paper we use PLSR model to measure the impact of innovation on China’s economic structure transition. It is found that innovation can expand the tertiary industry through shrinking the proportions of primary and secondary industries, transforming China’s economic structure into a more advanced pattern. Additionally, China is also devoting itself to the “Belt and Road Initiative”, which should be combined with China’s domestic innovation-driven development and realize sustainable development of economy worldwide.

Palabras clave

  • innovation-driven impact
  • economic structure transition
  • tertiary industry
  • PLSR model
  • “Belt and Road Initiative”
  • sustainable development
Acceso abierto

Long-Term Comparative Advantages of the Eurasian Economic Union Member States in International Trade

Publicado en línea: 29 Dec 2017
Páginas: 27 - 49

Resumen

Abstract

On 1st January 2015 the Eurasian Economic Union (EAEU) - a new integration block comprising initially Belarus, Kazakhstan, and Russia, and later that year also Armenia and Kyrgyzstan - appeared on the world map. This paper endeavors to identify the EAEU countries’ long-term international comparative advantages within four basic groups of goods according to the OECD classification of manufacturing industries based on technology intensity. The analysis, using B. Balassa’s RCA methodology and covering the years 2000-2014, indicates that these countries lack competitiveness, with none of them possessing any RCAs in the high-technology category whereas in the medium-hightechnology category - only Belarus. In contrast, all the EAEU countries fared the best in the medium-low-technology category, which is mostly attributable to the resources-based character of their economies. Surprisingly, dramatically low international competitiveness was recorded by Kazakhstan and Russia.

Palabras clave

  • international competitiveness
  • comparative advantages
  • Eurasian Economic Union
Acceso abierto

Is Intra-Industry Trade Specialization a Precondition to Business Cycle Synchronization When Joining the Euro Area? The Case of Poland

Publicado en línea: 29 Dec 2017
Páginas: 50 - 60

Resumen

Abstract

The first objective of this paper is to present theoretical approaches to the impact of trade growth (induced by monetary integration) on business cycle synchronization which is an important factor of a country’s readiness for a currency union accession. The main conclusion from the first part of the analysis is that business cycle convergence and the cost of the lack of an autonomous monetary policy depend on intra-industry trade (IIT) intensity rather than on general trade growth. The second objective is to assess - using the IIT index as a measure of business cycle synchronization (and of susceptibility to asymmetric shocks transmitted mostly through trade channels) - preparedness of the Polish economy to the euro adoption. Calculations reveal that the IIT intensity in Poland is already relatively high (in particular in relations with the euro area members) and continues to rise. This confirms the increasing complementarity of Poland’s economy with the economic structures of the euro area partners which reduces the probability of asymmetric shocks.

Palabras clave

  • intra-industry trade
  • optimum currency area
  • trade specialization
  • EU-10 countries
  • euro area
Acceso abierto

Examining the Behavior of Credit Rating Agencies Post 2008 Economic Turmoil

Publicado en línea: 29 Dec 2017
Páginas: 61 - 76

Resumen

Abstract

The demand for sovereign ratings has increased throughout last decades. Until the1990’s, credit rating agencies (CRAs) did not rate most of the emerging markets and the focus was almost only on developed countries, however, during this decade the number of sovereigns rated increased dramatically due to addition of emerging markets to the portfolio. The global financial crisis in 2008 led to the loss of credibility of these major credit rating companies. None of these three agencies showed any signal of macroeconomic problems in countries where the financial crisis created devastating macroeconomic results. It is believed that this failure has led credit rating agencies to behave more conservatively. This paper aims to determine whether CRAs tend to behave conservatively after the 2008 global financial crisis. If the downgrading is greater than the worsening of the economic situation in the given economies, then we can infer that CRAs tend to behave more conservatively. The good working model in estimating ratings assigned by CRAs before the crisis failed to estimate the ratings after 2008 crisis. This may have happened due to two reasons. First, as experienced in the aftermath of the former crisis, credit rating agencies may have added new macroeconomic variables in the process of assigning ratings or change the weight assigned to the already existing macroeconomic variables. Second, it is a known fact that ratings emerge from the combination of two distinct information; the quantitative part reflected by macroeconomic indicators and the qualitative judgements of the agency about the sovereign.

Palabras clave

  • Credit Rating Agencies
  • 2008 economic crisis
  • Turkey
Acceso abierto

A Dyadic Perspective on Determinants of Entry Choices in the Global Hospitality Industry

Publicado en línea: 29 Dec 2017
Páginas: 77 - 92

Resumen

Abstract

This paper discusses the firm-level determinants of international hotels’ foreign markets entry choices, contrasting acquisition with management and franchise contracts, based on a resource-dependency perspective and appropriability theory. It points out that brand equity, relatedness of products and market segmentation, partner-specific knowledge of hotels, international experience, and the duration of proprietary knowledge impact hotels’ decisions on how to enter a foreign market. In addition, the paper suggests the existence of entry choices sequence favorable to acquisition probability after the end of management contract when the franchisors’ or management companies’ proprietary knowledge attenuates. Contract activity is likely to be renewed after the acquisition, once the management company has established a new form or a higher level of proprietary knowledge.

Palabras clave

  • cross-border acquisition
  • contract
  • hotel
  • entry strategy
Acceso abierto

Word-Of-Mouth in Social Media. The Case of Polish Tourist Industry

Publicado en línea: 29 Dec 2017
Páginas: 93 - 114

Resumen

Abstract

The core objective of this paper is to determine the level of online dialogue in social media between the tourist industry leaders and their customers. This study applies sequential explanatory industry-representative comparison with statistical and qualitative analysis of online word-of-mouth communication. Its main finding is that even if online marketing is a hot topic, online channels seem to be neglected by the companies failing to provide real-time dialogue services. This results in the loss of customer attention and engagement and can be linked with overall corporate relationship management immaturity. In addition, the article offers vital insight into customer value creation chain of hotel and tour operators.

Palabras clave

  • electronic word-of-mouth (eWOM)
  • hotel
  • online marketing
  • relationship approach
  • social media
  • tour operator
  • tourism
  • word-of-mouth (WOM)
7 Artículos
Acceso abierto

Editorial

Publicado en línea: 29 Dec 2017
Páginas: 5 - 7

Resumen

Acceso abierto

The Innovation-Driven Impact on Economic Structure Transition. The Case of China

Publicado en línea: 29 Dec 2017
Páginas: 9 - 26

Resumen

Abstract

The research measures the driving force of innovation in economic structure transition. In order to change the pattern of economic development, China is implementing a strategy of innovation-driven development. China’s capacity of innovation has been increasing, especially since 2012, and China’s innovations have taken a leap-forward development. Nowadays, innovation has become a main driving force in China’s economic development and hi-tech industries particularly make a great contribution. Although China’s tertiary industry has been dominant and its share in three industrial sectors has been exceeding 50% since 2015, a problem still exists in China’s economy that the proportions of primary and secondary industries are relatively higher compared with developed countries. In this paper we use PLSR model to measure the impact of innovation on China’s economic structure transition. It is found that innovation can expand the tertiary industry through shrinking the proportions of primary and secondary industries, transforming China’s economic structure into a more advanced pattern. Additionally, China is also devoting itself to the “Belt and Road Initiative”, which should be combined with China’s domestic innovation-driven development and realize sustainable development of economy worldwide.

Palabras clave

  • innovation-driven impact
  • economic structure transition
  • tertiary industry
  • PLSR model
  • “Belt and Road Initiative”
  • sustainable development
Acceso abierto

Long-Term Comparative Advantages of the Eurasian Economic Union Member States in International Trade

Publicado en línea: 29 Dec 2017
Páginas: 27 - 49

Resumen

Abstract

On 1st January 2015 the Eurasian Economic Union (EAEU) - a new integration block comprising initially Belarus, Kazakhstan, and Russia, and later that year also Armenia and Kyrgyzstan - appeared on the world map. This paper endeavors to identify the EAEU countries’ long-term international comparative advantages within four basic groups of goods according to the OECD classification of manufacturing industries based on technology intensity. The analysis, using B. Balassa’s RCA methodology and covering the years 2000-2014, indicates that these countries lack competitiveness, with none of them possessing any RCAs in the high-technology category whereas in the medium-hightechnology category - only Belarus. In contrast, all the EAEU countries fared the best in the medium-low-technology category, which is mostly attributable to the resources-based character of their economies. Surprisingly, dramatically low international competitiveness was recorded by Kazakhstan and Russia.

Palabras clave

  • international competitiveness
  • comparative advantages
  • Eurasian Economic Union
Acceso abierto

Is Intra-Industry Trade Specialization a Precondition to Business Cycle Synchronization When Joining the Euro Area? The Case of Poland

Publicado en línea: 29 Dec 2017
Páginas: 50 - 60

Resumen

Abstract

The first objective of this paper is to present theoretical approaches to the impact of trade growth (induced by monetary integration) on business cycle synchronization which is an important factor of a country’s readiness for a currency union accession. The main conclusion from the first part of the analysis is that business cycle convergence and the cost of the lack of an autonomous monetary policy depend on intra-industry trade (IIT) intensity rather than on general trade growth. The second objective is to assess - using the IIT index as a measure of business cycle synchronization (and of susceptibility to asymmetric shocks transmitted mostly through trade channels) - preparedness of the Polish economy to the euro adoption. Calculations reveal that the IIT intensity in Poland is already relatively high (in particular in relations with the euro area members) and continues to rise. This confirms the increasing complementarity of Poland’s economy with the economic structures of the euro area partners which reduces the probability of asymmetric shocks.

Palabras clave

  • intra-industry trade
  • optimum currency area
  • trade specialization
  • EU-10 countries
  • euro area
Acceso abierto

Examining the Behavior of Credit Rating Agencies Post 2008 Economic Turmoil

Publicado en línea: 29 Dec 2017
Páginas: 61 - 76

Resumen

Abstract

The demand for sovereign ratings has increased throughout last decades. Until the1990’s, credit rating agencies (CRAs) did not rate most of the emerging markets and the focus was almost only on developed countries, however, during this decade the number of sovereigns rated increased dramatically due to addition of emerging markets to the portfolio. The global financial crisis in 2008 led to the loss of credibility of these major credit rating companies. None of these three agencies showed any signal of macroeconomic problems in countries where the financial crisis created devastating macroeconomic results. It is believed that this failure has led credit rating agencies to behave more conservatively. This paper aims to determine whether CRAs tend to behave conservatively after the 2008 global financial crisis. If the downgrading is greater than the worsening of the economic situation in the given economies, then we can infer that CRAs tend to behave more conservatively. The good working model in estimating ratings assigned by CRAs before the crisis failed to estimate the ratings after 2008 crisis. This may have happened due to two reasons. First, as experienced in the aftermath of the former crisis, credit rating agencies may have added new macroeconomic variables in the process of assigning ratings or change the weight assigned to the already existing macroeconomic variables. Second, it is a known fact that ratings emerge from the combination of two distinct information; the quantitative part reflected by macroeconomic indicators and the qualitative judgements of the agency about the sovereign.

Palabras clave

  • Credit Rating Agencies
  • 2008 economic crisis
  • Turkey
Acceso abierto

A Dyadic Perspective on Determinants of Entry Choices in the Global Hospitality Industry

Publicado en línea: 29 Dec 2017
Páginas: 77 - 92

Resumen

Abstract

This paper discusses the firm-level determinants of international hotels’ foreign markets entry choices, contrasting acquisition with management and franchise contracts, based on a resource-dependency perspective and appropriability theory. It points out that brand equity, relatedness of products and market segmentation, partner-specific knowledge of hotels, international experience, and the duration of proprietary knowledge impact hotels’ decisions on how to enter a foreign market. In addition, the paper suggests the existence of entry choices sequence favorable to acquisition probability after the end of management contract when the franchisors’ or management companies’ proprietary knowledge attenuates. Contract activity is likely to be renewed after the acquisition, once the management company has established a new form or a higher level of proprietary knowledge.

Palabras clave

  • cross-border acquisition
  • contract
  • hotel
  • entry strategy
Acceso abierto

Word-Of-Mouth in Social Media. The Case of Polish Tourist Industry

Publicado en línea: 29 Dec 2017
Páginas: 93 - 114

Resumen

Abstract

The core objective of this paper is to determine the level of online dialogue in social media between the tourist industry leaders and their customers. This study applies sequential explanatory industry-representative comparison with statistical and qualitative analysis of online word-of-mouth communication. Its main finding is that even if online marketing is a hot topic, online channels seem to be neglected by the companies failing to provide real-time dialogue services. This results in the loss of customer attention and engagement and can be linked with overall corporate relationship management immaturity. In addition, the article offers vital insight into customer value creation chain of hotel and tour operators.

Palabras clave

  • electronic word-of-mouth (eWOM)
  • hotel
  • online marketing
  • relationship approach
  • social media
  • tour operator
  • tourism
  • word-of-mouth (WOM)

Planifique su conferencia remota con Sciendo