Yurii Tadeiev
Unisectoral model of economic growth with intellectual capital included
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 373-380.
| JEL: O41 | Full text (PDF) |
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The paper proposed and investigated a new model of optimal growth, which takes into account investments in physical capital and human capital with its additive part, which is the intellectual capital. The existence of the backbone path is proved, and transitional dynamics is studied.
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Bohdan Litovchenko
Development of the theory and practice of management: metaphysics vs physics
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 381-402.
| JEL: A10, M0 | Full text (PDF) |
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The main provisions of the evolution of the management theory in the context of general scientific principles and lines of research are considered. On the basis of analysis of different approaches to the management in its historical retrospective, the possibilities of its development under the modern conditions from the point of view of overcoming of the outdated approaches and ineffectiveness in the national system of management are demonstrated.
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Marcin Feltynowski
ICT clusters diagnosis in Poland
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 403-415.
| JEL: F00, O31 | Full text (PDF) |
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Innovations in the scope of information-communication technologies allow for a faster development of regional centres. One of the ways for supporting this kind of development are clusters. The significance of ICT technology is highlighted in strategic documents at the European Union level as well as at the national economic level. ICT technology development is considered to be a means for faster resolution of the economic crisis effects.
The aim of this article is identification of ICT clusters in Poland, which are a form of cooperation in the scope of ICT technology development and which stimulate the regional economic growth in the scope of information society. The article will also allow for estimating the development of these clusters and presenting their structure. The gathered material will enable further research in the following years.
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Mykhaylo Ornat
Modern economic models of reforming the national economy of China
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 416-424.
| JEL: E20, O1 | Full text (PDF) |
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China has the world's fastest-growing major economy but it has been a rocky road from socialism to consumerism. China provides us with a unique opportunity to explore the causal relationships among economic, institutional, political, and social forces and the model of reforming in an important transforming economy. In China’s economic transition important structural changes are occurring at the state and firm levels, and these changes have radical implications for the structure of economic and social life in China. Gradualism and stability were the foundations of the Chinese economic reform and continue to be so for the present leadership of the country. For the Chinese leaders economic reform has priority over political reform. They acknowledge that it would be impossible to accomplish anything in an environment of political unrest. The premature introduction of markets where there was neither a culture nor the institutions for dealing with them can have catastrophic effects. And from the results obtained, we can consider the Chinese as one of the most outstanding social transformations in human history, all this within a long period of stable and peaceful social environment, except for the Tinanmen Square demonstrations in June, 1989.
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Eleni F. Katsouli, Nikos Kapoulas
Convergence across the PIIGS member-states of the Euro-zone
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 425-436.
| JEL: O40, O47 | Full text (PDF) |
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This paper investigates unconditional and conditional convergence of GDP growth rate, labour productivity growth rate, unemployment rate, prices inflation rate, wages inflation rate, budget deficit, and government gross debt across the Euro-zone member-states of Portugal, Ireland, Italy, Greece, and Spain over the last thirty years. The findings showed that the speed of convergence varies depending on the period of reference (pre-Maastricht Treaty decade, after-Maastricht Treaty decade, and after the initiation of the Euro-zone decade). Budget deficit and general government gross debt showed some convergence in the pre-Maastricht Treaty decade only.
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Anna Karmelyuk
The economical modelling of the retail goods turnover
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 437-455.
| JEL: E22, E24, C02 | Full text (PDF) |
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Economic-mathematical models of the volume of the retail goods turnover’s dependence on various factors were constructed: investments into retail goods turnover, the monthly average nominal salary, monetary incomes of the population, industry and agriculture production, and also their contribution to retail goods turnover were calculated.
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Teodora Dimitrova
Shadow economy practices in Bulgaria — a challenge for the financial policy of the state
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 456-477.
| JEL: H30 | Full text (PDF) |
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The global financial and economic crisis in the beginning of this century resulted in certain cataclysms with destructive effects on the government’s financial policy. Increasing government budget deficits, strikingly inadequate social status and deterioration of the basic macroeconomic indicators measuring the «pulse» of the national and world economy once again brought forward the issue of the scale of the shadow economy. The presence of shadow economy is an indicator for the lack of trust in government’s financial policy and the inefficiency of the national economic policy. At the same time shadow economy practices affect negatively the economic growth, the efficiency of labour, the competitiveness and the economic and financial policy of the state. For various reasons, despite the importance and complexity of this problem, we still lack an adequate public strategy for successfully counteract it in the long run. In this context, the main goal of the study is to analyze the extent of the shadow economy and the issues related thereto as well as examine its actual manifestations in Bulgaria and propose measures to mitigate it.
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Lada Shirinyan
Competition at German insurance service market over period 1999-2010
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 478-498.
| JEL: F41, F42, G15, G18, G22, K21, E32, P51, R12 | Full text (PDF) |
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The global financial and economic crisis in the beginning of this century resulted in certain cataclysms with destructive effects on the government’s financial policy. Increasing government budget deficits, strikingly inadequate social status and deterioration of the basic macroeconomic indicators measuring the «pulse» of the national and world economy once again brought forward the issue of the scale of the shadow economy.
The presence of shadow economy is an indicator for the lack of trust in government’s financial policy and the inefficiency of the national economic policy. At the same time shadow economy practices affect negatively the economic growth, the efficiency of labour, the competitiveness and the economic and financial policy of the state. For various reasons, despite the importance and complexity of this problem, we still lack an adequate public strategy for successfully counteract it in the long run. In this context, the main goal of the study is to analyze the extent of the shadow economy and the issues related thereto as well as examine its actual manifestations in Bulgaria and propose measures to mitigate it.
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