Editorial introduction

<abstract xmlns="http://www.w3.org/1999/xhtml">In mathematical economics there is a number of so called “turnpike theorems” proved mainly on the basis of multiproduct models of economic dynamics. According to these theorems, all optimal paths of economic growth over a long period of time converge to a certain path (turnpike) in which the economy achieves the highest growth rate while remaining in a specific dynamic (von Neumann) equilibrium. The article refers to this trend and presents some properties of optimal growth processes in the Gale-type model of the stationary economy when the quality criterion of growth processes is not the utility of production—which is normally postulated in the turnpike theory—but the time needed by the economy to achieve the desired final state, e.g. the level of production or production value. According to the author’s knowledge, the idea of using time as a criterion for growth in turnpike theory (especially in Gale-type economy) is innovative.It has been proven that changing the growth criterion does not deprive the Gale economy of its asymptotic / turnpike properties.</abstract>

The minimal-time growth problem and turnpike effect in the stationary Gale economy

<abstract xmlns="http://www.w3.org/1999/xhtml">The main aim of the paper is to use the repeated weighting (RW) method on data from the National Census of Population and Housing 2011 (NCPH) and Labour Force Survey (LFS) to ensure consistency between margins of final tables derived from different statistical sources. This technique, based on different data sources, would ensure consistency between estimates in final output tables. This is the first application of the RW approach on data from official statistics in Poland. The results obtained by applying the RW method to data from the NCPH and additional surveys (e.g. LFS) may be used by Statistics Poland for the formulation of conclusions and recommendations for the upcoming census in 2021. The method may be also considered as an important step towards the production of timely and more detailed statistical information in Poland based on multi-source data infrastructure in general4.</abstract>

Poznań University of Economics and Business

Institute of Informatics and Quantitative Economics, Department of Statistics

Repeated weighting in mixed-mode censuses

<abstract xmlns="http://www.w3.org/1999/xhtml">The purpose of this paper is to answer the question as to why Germany is cautious towards a faster enlargement of the euro area. The usual explanation focuses on concerns that some of the candidate countries are not economically ready to adopt the common currency and their membership could destabilize the monetary union. However, such an approach does not take into account other factors that may influence Germany’s reluctance to speed up the enlargement process. One of them is the conviction that the existing division of integration does not translate into economic costs and a long-term political cleavage in the EU. Another argument explaining Germany’s position is their doubt about the economic policy preferences of the candidates which may prove to be crucial in the upcoming reform of the euro area governance. Some of them can drift towards more interventionism and support for the debtors’ positions which is at odds with German interest.</abstract>

Germany’s attitude towards the enlargement of the eurozone

<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of the study is twofold. Firstly, it is believed to be the first study of its kind to explore the interconnectivity of the current stage of the EU’s Digital Single Market (DSM)3 (European Commission, 2015c) and its development prospects within the framework of the EU and its Member States’ SD approach. Secondly, it provides further evidence for the policy debate on the essential priorities of DSM deemed to be a stimulus to the future SD of the EU. It is an attempt to fill the existing gap in research conducted so far on SD and its correlation with the building process of the digital market in the EU. The task is to present by using the method of synthesis and deduction, the essence and milieu of the contemporary processes of building the DSM in the EU in the context of its potential influence for the SD of the EU and its Member States. Due to the interdisciplinary and complexity of the data analyses, mixed research methods were used to integrate quantitative and qualitative analyses and results.</abstract>

Fostering sustainable development through the European Digital Single Market

<abstract xmlns="http://www.w3.org/1999/xhtml">This study investigates the wage differential and discrimination between genders in Turkey based on data taken from the nationally representative Turkish Household Labour Survey for 2002 to 2019. The Blinder–Oaxaca decomposition technique was used which was then integrated into the Heckman’s selection correction procedure. It was found that the gender wage gap is small in the Turkish labour market, while most of this gap originates from the discrimination against women. In addition ignoring the occupational and sectoral effects on the gender wage gap could result in underestimation of the discrimination effects both directly and indirectly through higher human capital of female employees. Lastly all these indicate that the results could likely be specific to the data set.</abstract>

Department of Economics, Faculty of Business Administration

Assessing the gender wage gap: Turkey in the years 2002–2019

<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of this article is to identify the most important factors influencing the use of trade credit and to assess their significance for Polish listed companies taking into consideration the role of trade credit as a source of financing. Theoretical and empirical literature does not provide clear guidance regarding factors influencing the use of trade credit. In this study the linear regression model with fixed effects for years is used to describe trade credit use in listed Polish companies in the period 2002–2018. The findings show that the following factors have the most pronounced influence on the use of trade credit: trade payables in the previous period, trade receivables, long-term debt, liquidity and short-term debt. Both long-term and short-term debt financing and trade payables are substitutes for Polish listed companies. Lower liquidity and higher trade receivables are related to a higher use of trade credit.</abstract>

Factors influencing the use of trade credit in financing Polish listed companies

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Volume 10 (2024): Issue 1 (April 2024)

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Volume 5 (2019): Issue 4 (December 2019)

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Volume 4 (2018): Issue 4 (November 2018)

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Volume 4 (2018): Issue 1 (April 2018)

Economics and Business Review

The aim of Economics and Business Review is to provide a platform for academicians from all over the world to share, discuss and integrate their research in the fields of economics and finance, including both behavioural economics and finance, with a key interest in topics that are relevant for emerging market economies. The journal welcomes submissions of articles dealing with micro, mezzo and macro issues that are well-founded in modern theories or based on empirical studies and which are valuable for an international readership.   The journal is published in English. Texts are double-blind peer-reviewed by independent specialists from Polish and foreign academic centers. The journal is open for contributions from economists and management specialists both from Poland and abroad.  Economics and Business Review is scored 70 points in the Ministerial List of Journals.  The journal is edited and published in the paper form and also presented on-line.  This journal is the open access and non-profit enterprise.  The journal have no articles processing charges (APCs) nor article submission charges.  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 