Template-Type: ReDIF-Paper 1.0
Author-Name: Stepan Bahteev
Author-Name-First: Stepan
Author-Name-Last: Bahteev
Author-Email: o.s.mariev@urfu.ru
Author-Workplace-Name: Ural Federal University
Author-Name: Sophia Turkanova 
Author-Name-First: Sophia
Author-Name-Last: Turkanova 
Author-Email: isonyaturk@gmail.com
Author-Workplace-Name: Ural Federal University
Author-Name: Andrey Pushkarev
Author-Name-First: Andrey
Author-Name-Last: Pushkarev
Author-Email: a.a.pushkarev@urfu.ru
Author-Workplace-Name: Ural Federal University
Author-Name: Oleg Mariev
Author-Name-First: Oleg
Author-Name-Last: Mariev
Author-Email: o.s.mariev@urfu.ru
Author-Workplace-Name: Ural Federal University
Title: Modelling the influence of Tobin's Q and cash flows on the capital investments of Russian firms
Abstract: The relationship between investment and cash flow has been extensively studied since the mid-20th century. The aim of our study is to assess the impact of Tobin's ratio and cash flows on the capital investments of Russian companies. For econometric estimation we  data on 206 Russian public companies traded on the Moscow Exchange from 2011 to 2020. We apply quantile regression to obtain more detailed results. The results of our study confirm the significance of the Tobin ratio and cash flow on capital investments. We observe these effects in all quantiles however their magnitude varies. This research is valuable and can be utilized by companies to maximize efficiency of their capital expenditures. 
Length: 9 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 1-9
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=001&rid=13370
File-Function: First version, 2021
Number: 12513370
Classification-JEL: L25, M21
Keywords: Tobin?s Q, Russian firms, quantile regression, capital investments
Handle: RePEc:sek:iefpro:12513370
Template-Type: ReDIF-Paper 1.0
Author-Name: Oliver Bakreski
Author-Name-First: Oliver
Author-Name-Last: Bakreski
Author-Email: oliverbakreski@yahoo.com
Author-Workplace-Name: University St. Cyril and Methodius Skopje/ Faculty of Philosophy/ Institute for Security, Defense and Peace
Author-Name: Sergej Cvetkovski
Author-Name-First: Sergej
Author-Name-Last: Cvetkovski
Author-Email: sergej.cvetkovski@fzf.ukim.mk
Author-Workplace-Name: University St. Cyril and Methodius Skopje/ Faculty of Philosophy/ Institute for Security, Defense and Peace
Author-Name: Leta Bardjieva Miovska
Author-Name-First: Leta
Author-Name-Last: Bardjieva Miovska
Author-Email: letabardjievamiovska@eurm.edu.mk
Author-Workplace-Name: European University Skopje
Title: Planning and Budgeting process in the security sector of the Republic of North Macedonia
Abstract: This paper aims to present the planning process in the security sector, which is complex, intricate, multi-phase and dynamic and is based on the design of budget requirements for the needs of the security sector. Planning counterpoises an activity in the creation of government draft budgets, which has a significant impact on the execution of budget projections. Hence, planning in the security sector is of great importance in providing the architecture of contemporary budgeting, setting and prioritizing goals and creating security policies. The initial premise in this paper refers to the hypothesis that planning is an essential element of security sector management and addresses the need for continuity in strategic and comprehensive planning in order to prepare and approve a budget that comprises the real needs of the security sector, as well as the necessity of implementation of the principles of cost effectiveness, budget transparency, system of control and balance and democratic oversight of budget implementation.The dependent variable in the context of this hypothesis alludes to the assessment of security risks and threats, the environment, etc., which is in function of achieving the planned goals based on a specific time frame, clear organizational designation and system of accountability.The methodology for this paper includes extrapolation, qualitative presentation and concrete interpretation of theoretical and empirical findings and available data on the specific topic through induction and deduction, analysis of formal government documents, strategies and plans, as well as laws governing this domain. The purpose of this paper is to emphasize the importance of planning as an initial stage in budgeting and the end result of the security resource planning process. 
Length: 14 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 10-23
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=002&rid=13352
File-Function: First version, 2021
Number: 12513352
Classification-JEL: E60, R58, H54
Keywords: planning, goals, security, defense, resources, budgeting, process
Handle: RePEc:sek:iefpro:12513352
Template-Type: ReDIF-Paper 1.0
Author-Name: Julia Fodor
Author-Name-First: Julia
Author-Name-Last: Fodor
Author-Email: fodor.julia@kre.hu
Author-Workplace-Name: Károli Gáspár University
Title: Abraham Lincoln and the Corwin Amendment -  The Infamous ?Ghost Version? of the 13th Amendment
Abstract: Most people would find it hard to believe how far Abraham Lincoln was prepared to go in political compromise in order to save the Union from secession. It is still hardly known or discussed that while Lincoln was preparing to assume office in the early weeks of 1861 he gave his active support to a piece of legislation that would have given permanent protection to slavery in the United States of America. That piece of legislation was the first version of the 13th Amendment to the U.S. Constitution, also known as the Corwin Amendment. In fact, the last piece of legislation that out-going Democrat President James Buchanan endorsed, and the first one that the new Republican President, Abraham Lincoln endorsed was one and the same: the Corwin Amendment. This information is certainly not compatible with the picture we have of Abraham Lincoln today. How could the Great Liberator, the Emancipator of slaves have ever backed such a depraved statute? So should we cancel Abraham Lincoln and the slaveholding founding fathers as demanded by many social justice activists these days, or can we change the way we choose to remember them by including their dark sides, by striving to understand the historical context and moral framework these men lived in and held; thus revisit our national narratives?
Length: 10 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 24-33
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=003&rid=13359
File-Function: First version, 2021
Number: 12413359
Classification-JEL: I21, Z00
Keywords: The original 13th Amendment, permanent protection to slavery, revisiting heroes and public memorials, national narratives, cancel culture
Handle: RePEc:sek:iefpro:12413359
Template-Type: ReDIF-Paper 1.0
Author-Name: Mohammed Mazharul  Islam
Author-Name-First: Mohammed Mazharul 
Author-Name-Last: Islam
Author-Email: mazharulislam@yahoo.com
Author-Workplace-Name: King Abdulaziz University
Title: Readiness of Saudi Youths to achieve the goals of vision 2030.
Abstract: Saudi Arabia is passing a complicated path from a factor-driven economy to an efficiency-driven economy through various programs, policies, and initiatives to pursue sustainable economic growth which is the ambitious aim outlined in its Vision 2030. Utilizing the potential talent and dedication of the young has been considered one of the driving forces in this process. The culture of environmental awareness is one of the essential forces for sustainable growth. Therefore, we conducted a study to examine the existent level of knowledge, awareness, beliefs, and actions that comprise the environmental attitudes of university students in Saudi Arabia. This study is based on surveys conducted to over 200 students at King Abdulaziz University and draws inferences based on using the descriptive analysis. From the preliminary results, it is evident that Saudi Arabian university students have a narrow and limited range of knowledge, attitudes, actions, and skills in the area of sustainability. The findings of this study suggested that the educational institutions should incorporate environmental issues in every level of educational curriculum, the government should deliver some practical programs and arrange short-term training sessions to develop youths? skills to support sustainable economic growth. At the same time, social, electronic, and print media should disseminate the knowledge of sustainability effectively as they have a strong influence over young students. So that young and potential students would be able to explore the many possible ways in which their own actions can contribute to a sustainable future.
Length: 8 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 34-41
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=004&rid=13302
File-Function: First version, 2021
Number: 12513302
Classification-JEL: O44, I25, A13
Keywords: Environmental awareness, Sustainable growth, Readiness, Youths, Saudi vision 2030
Handle: RePEc:sek:iefpro:12513302
Template-Type: ReDIF-Paper 1.0
Author-Name: Bo?ena Kade?ábková
Author-Name-First: Bo?ena
Author-Name-Last: Kade?ábková
Author-Email: b.kaderabkova@centrum.cz
Author-Workplace-Name: University of Economics, Prague
Author-Name: Emilie Ja?ová
Author-Name-First: Emilie
Author-Name-Last: Ja?ová
Author-Email: ekonomka_2@hotmail.com
Author-Workplace-Name: Faculty of Social Sciences, Charles University in Prague
Title: How the Czech government got the pandemic wrong
Abstract: The aim of the article is to prove by econometric analysis the suitability of NAIRU and NARRU concepts to assess the adequacy of measures against Covid 19 to address the epidemiological and economic situation in the Czech Republic. The analysis confirmed that in the Czech Republic the economy was reduced together with the escalation of the epidemic. The same development was found in the period March, April, October, November and December 2020 and February 2021. The government was therefore to take the path of greater prevention of the disease (eg timely adequate respirators, tests and vaccines). On the contrary, in January, February, May, June, July, August and September 2020 and January 2021, a lower value of NAIRU indicates an epidemiological-economic balance in the economy even with a higher unemployment rate. This is a consequence of the hasty tightening of anti-epidemiological restrictions.
Length: 11 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 42-52
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=005&rid=13377
File-Function: First version, 2021
Number: 12513377
Classification-JEL: E24, E32, E37
Keywords: Phillip´s curve, NAIRU, NARRU, phases of the economic cycle, unemployment 
Handle: RePEc:sek:iefpro:12513377
Template-Type: ReDIF-Paper 1.0
Author-Name: Aneta Ku?niarska
Author-Name-First: Aneta
Author-Name-Last: Ku?niarska
Author-Email: aneta.kuzniarska@uj.edu.pl
Author-Workplace-Name: Jagiellonian University
Author-Name: Aleksander Prus
Author-Name-First: Aleksander
Author-Name-Last: Prus
Author-Email: Aleksander.Prus@grupaazoty.com
Author-Workplace-Name: Jagiellonian University
Title: LABOUR COSTS IN SOCIALLY RESPONSIBLE ENTERPRISES AS EXEMPLIFIED BY BANKS LISTED ON STOCK EXCHANGE INDEX WIG ESG
Abstract: Labour costs in Polish enterprises constitute the second largest group of costs generated and are intrinsically associated with their functioning in the national economy. Labour costs also encompass remuneration, as well as non-remuneration costs incurred by the employer with regard to the employment of a worker. In light of the international comparisons, the remuneration costs are first and foremost indicated, which consist of the level of the minimum wage, or average salary in the national economy, while also the level of the tax wedge payments, which illustrates the total labour costs and their structure. The aim of this paper is to present the structure of labour costs in banks that are listed on the Polish stock exchange index WIG ESG, which incorporates socially responsible organizations. Analysis was conducted on the level of remuneration while taking account of the equitable remuneration factor and the currently binding minimum wage in Poland. As illustrated in the research conducted, the level of remuneration in the analysed banks significantly exceeds both indicators.The research was conducted on the basis of consolidated reports from the analysed organizations.
Length: 13 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 53-65
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=006&rid=13301
File-Function: First version, 2021
Number: 12513301
Classification-JEL: G21, M54
Keywords: bank, CSR, labour costs, remuneration, sustainable management
Handle: RePEc:sek:iefpro:12513301
Template-Type: ReDIF-Paper 1.0
Author-Name: Stefan Raychev
Author-Name-First: Stefan
Author-Name-Last: Raychev
Author-Email: raychev.stefan@uni-plovdiv.bg
Author-Workplace-Name: Department of Economic Science, University of Plovdiv Paisii Hilendarski
Author-Name: Dobrinka Stoyanova
Author-Name-First: Dobrinka
Author-Name-Last: Stoyanova
Author-Email: bini_stoyanova@abv.bg
Author-Workplace-Name: Department of Economic Science, University of Plovdiv Paisii Hilendarski
Author-Name: Blaga Madzhurova
Author-Name-First: Blaga
Author-Name-Last: Madzhurova
Author-Email: bmadzhurova@yahoo.de
Author-Workplace-Name: Department of Economic Science, University of Plovdiv Paisii Hilendarski
Title: The Economic Growth and Labor Market under the Influence of Globalization and Innovation
Abstract: The globalization reveals a number of socio-economic perspectives and challenges to the countries. The technological progress and innovation are essential elements of the globalization leaving their indisputable mark on the economic system. Because of this fact, the main objective of this study is to evaluate the effects of the innovation on the economic growth and the labor market (in particular on employment and the dynamics and nature of job positions) and to analyze the social and fiscal state policies. The research methodology includes time series analysis through descriptive, graphical and cross-correlation analyses by major macroeconomic indicators related to the labor market, economic growth and innovation. The results of the study indicate the changes in the nature of the work/ job positions at sectoral level in Bulgaria and the EU. Innovations demonstrate a significant positive link, both with employment and economic growth, and a negative such with unemployment. Specific features and general trends are reflected in changes in employment, innovation and economic growth in Bulgaria and the EU. This requires a reconsidering of the public policies in the social sphere and the tax policy.
Length: 14 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 66-79
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=007&rid=13349
File-Function: First version, 2021
Number: 12513349
Classification-JEL: A10, E01, J01
Keywords: globalization; innovation; economic growth; labor market; employment; nature of jobs; social and fiscal policy in EU and Bulgaria
Handle: RePEc:sek:iefpro:12513349
Template-Type: ReDIF-Paper 1.0
Author-Name: Dinis Santos
Author-Name-First: Dinis
Author-Name-Last: Santos
Author-Email: dinis.d.santos@fe.uc.pt
Author-Workplace-Name: Faculty of Economics of the University of Coimbra
Author-Name: Paulo Gama
Author-Name-First: Paulo
Author-Name-Last: Gama
Author-Email: gama@fe.uc.pt
Author-Workplace-Name: Faculty of Economics of the University of Coimbra
Title: Is Insider Trading Successful? An Extensive Analysis with Buying and Selling Evidence
Abstract: Purpose: The goal of the present study is to first, understand the market timing capabilities of a set of internal stakeholders while trading (buying and selling) stock, and second, shed some light on some of the characteristics that make them (or not) successful.Design/methodology/approach: We use a relative transaction price approach (RTP) on 842 aggregated trades coming from insiders. These were taken from publicly disclosed information available on the Portuguese regulator. Furthermore, we use a median regression-based method to infer on our conclusions.Findings: We find that insiders buy (sell) at a relatively lower (higher) price when compared to other traders. This shows signs of market timing capabilities. Furthermore, from the studied characteristics, neither the frequency nor gender are good predictors for performance, but the seniority in the organization can help us to understand that some insiders, mostly on the managerial level, might have an edge. Overall, we also find that insiders? trades made OTC generally overperform the ones made on the open market. At last, we find that insiders did not lose any performance during the Portuguese bailout period.Originality/value: By using a thorough analytical approach and a never-used sample of trading data, comprising both buying and selling trades at high-frequency (daily) level, we build on the literature of insider trading as well as on the knowledge around the effects of trading on the open market vs. OTC. We also make yet another contribute towards the literature around the Portuguese bailout effect.
Length: 25 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 80-104
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=008&rid=13376
File-Function: First version, 2021
Number: 12513376
Classification-JEL: G14, G15
Keywords: Insider trading, Opportunistic Behavior, Market Timing, Undervaluation, Insiders? characteristics; Gender performance
Handle: RePEc:sek:iefpro:12513376
Template-Type: ReDIF-Paper 1.0
Author-Name: Claudia van der Vorst
Author-Name-First: Claudia
Author-Name-Last: van der Vorst
Author-Email: claudia.vandervorst@fh-kufstein.ac.at
Author-Workplace-Name: FACHHOCHSCHULE KUFSTEIN TIROL Bildungs GmbH
Title: Higher Education turnaround supporting digital transformation
Abstract: Since years the education system was about to change. Specifically, the focus with this paper is on Germany where the schools and most universities are public. Rules are related to the past, skills like deep functional knowledge, topics memorised in detail and repetitive methods have been on top of the educational syllabus. After the trends of globalisation, the introduction of the term ?Industry 4.0? provocative production and automation. All of a sudden industry has been challenged globally with new skills and requirements asking the education system to support with a more profound skills of graduates being ?digital natives? per definition. To change a system takes time, infrastructure and advanced training. (cf. Catalano, 2019, p.25f)What if there is no time for this transformation? In the beginning of 2020 the Pandemic Covid-19 hit the world and all schools and universities been shut for people?s safety. It started as a break but after a while people figured even arguing about the quality of online education versus in-person learning did not help. Remote education was the only way to get in contact with students and pure self-learning needed to be enriched by more motivating methods. All of a sudden, all parties had new roles. Some really felt overstrained and had very little experience. To start a mature semester in autumn, and moving from mainly remotely to an at least hybrid format for the rest of the year, teachers extended their knowledge of digital tools and exchanged it. Over the year faculty increased comfort and some approaches seems to remain even if all teaching could be in presence. (cf. Boivin et al., 2021, p.27ff) Not only the education system was challenged during the pandemic in 2020/21, the entire world and business world had to adapt. Comparing only with the new business requirements of production companies, shows that a lot of the skills the students learned in remote sessions will remain in business situations (e.g. video conferencing, online presentations, self-motivated learning). In addition, the speed of change increased and with the penetration of digital transformation everywhere, now is the time to change the main structure of curriculars adding more profound skill sets in human interaction, practical adaptation of skills versus just having knowledge building new characters for life-long learning. (cf. Meilleur, 2018)The questions are remaining; ?What is the role of online-education past the pandemic?? ?What could be a new setting in education taking the learnings from the pandemic Covid-19 to map new requirements from the industry and for future jobs?? The paper will not be able to provide one clear answer but will provide a good start of research.
Length: 18 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 105-122
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=009&rid=13357
File-Function: First version, 2021
Number: 12413357
Classification-JEL: A20, D20, D83
Keywords: Life-long Learning, Higher Education, Industry 4.0, Education 4.0, Digital Change, Digitalization, Learning Methods, Project Based Learning, Self-paced Learning, Past-Pandemic Teaching
Handle: RePEc:sek:iefpro:12413357
Template-Type: ReDIF-Paper 1.0
Author-Name: Václav Vybíhal
Author-Name-First: Václav
Author-Name-Last: Vybíhal
Author-Email: vaclav.vybihal@volny.cz
Author-Workplace-Name: University of Ss. Cyril and Methodius in Trnava
Author-Name: Barbora Bla?ková
Author-Name-First: Barbora
Author-Name-Last: Bla?ková
Author-Email: blaskovabaska@gmail.com
Author-Workplace-Name: University of Ss. Cyril and Methodius in Trnava
Title: Motivational aspects of professional training of public sector experts
Abstract: Abstract:Not only in economic theory, but also in social practice, it is evident that constantly increasing living standards and citizen?s security levels in various health, social and other spheres of society are associated not only with increase in the amount of funds regarding public budgets? expenditures, but also with a rightful requirement for a certain education level of the public sector employees. The aim of this publication was to find out, identify, describe and evaluate motivation-al aspects of professional training of experts who are preparing to work in the public sector, to find out what motivates them, how they decide on what to study at university, how they imagine their post-gradual work will look like (including territory and charac-ter of a workplace) and how they evaluate their decision that they have chosen this field after a certain time. This issue opens the way for examining the specifics of professional training motivations, while its implementation can contribute to rectification and im-provement of the preparation of experts who are expected to meet very exacting re-quirements in the new economic conditions. The database necessary for evaluation of the motivational aspects of professional train-ing of public sector experts was obtained based on our own survey in a form of a ques-tionnaire which was answered by students attending the Faculty of Social Sciences at the University of Ss. Cyril and Methodius in Trnava (Slovak Republic) in the winter term of academic year 2019/2020. The decision to study at university unarguably belongs to fundamental life decisions. That is why it is possible to consider the given topic to be current. This decision is formed by a number of factors that can influence the student?s approach to learning and his attitude in applying his knowledge and skills into practice. 
Length: 15 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 123-137
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=010&rid=13328
File-Function: First version, 2021
Number: 12413328
Classification-JEL: H52, J24, O15
Keywords: Motivation of students, decision-making, professional training, questionnaire, universi-ty, Slovakia
Handle: RePEc:sek:iefpro:12413328
Template-Type: ReDIF-Paper 1.0
Author-Name: Monica Kolesova
Author-Name-First: Monica
Author-Name-Last: Kolesova
Author-Email: o.s.mariev@urfu.ru
Author-Workplace-Name: Ural Federal University
Author-Name: Anna Gainetdinova 
Author-Name-First: Anna
Author-Name-Last: Gainetdinova 
Author-Email: anna.gainetdinova@urfu.ru
Author-Workplace-Name: Ural Federal University
Author-Name: Oleg Mariev
Author-Name-First: Oleg
Author-Name-Last: Mariev
Author-Email: o.s.mariev@urfu.ru
Author-Workplace-Name: Ural Federal University
Title: PERMANENT INCOME HYPOTHESES TESTING: EVIDENCE FROM RUSSIA
Abstract: Consumption and income nexus is determined either by permanent income hypothesis or excess sensitivity hypothesis. Our study is based on the study Campbell and Mankiw (1989), who conducted analysis for the US. In our study, we test the aforementioned hypotheses in the context of Russia using quarterly data. Afterwards, we check whether sensitivity of consumption to disposable income depends on economic development of a country. Therefore, we test permanent and excess sensitivity hypotheses in the context of developed and developing countries. By employing Campbell-Mankiw model we use two-stage least squares method using instrumental variables. The results demonstrate that the best instruments for Russia are lags in income, oil price and interest rate. All Russian agents consume their temporary income, which is an indicator of a risky financial environment. When considering the groups of developed and developing countries, the results demonstrate that developing countries with relatively better financial system comprise two groups of agents: a group consuming permanent income and a group consuming temporary income. At the same time, in some developed countries having less stable financial system, all agents consume their temporary income.
Length: 10 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 138-147
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=011&rid=13378
File-Function: First version, 2021
Number: 12513378
Classification-JEL: E24, O15
Keywords: Excess sensitivity, consumption, permanent income hypothesis, random walk hypothesis, Friedman function
Handle: RePEc:sek:iefpro:12513378
Template-Type: ReDIF-Paper 1.0
Author-Name: Osarumwense Osabuohien-Irabor
Author-Name-First: Osarumwense
Author-Name-Last: Osabuohien-Irabor
Author-Email: oosabuokhien-irabor@urfu.ru
Author-Workplace-Name: Department of International Economics, School of Economics, Ural Federal University
Author-Name: Igor Mikhailovich Drapkin
Author-Name-First: Igor Mikhailovich
Author-Name-Last: Drapkin
Author-Email: i.m.drapkin@mail.ru
Author-Workplace-Name: Department of International Economics, School of Economics, Ural Federal University
Title: Outward FDI and International Trade: the Study of Causal Effects
Abstract: Numerous studies have examined whether the interrelationship between outward foreign direct investment (OFDI) and international trade are complementary or substitutive. However, one major concern of policymakers is the possibility of OFDI precipitating de-industrialization and jobs losses of domestic economy. This study critically addresses these views by examining the interaction between OFDI and disaggregate international trade based on world bank country income classification which includes, the low income, lower-middle income, upper-middle income, and High income for a panel of 179 countries for the period of 2003 ? 2019. Based on dynamic panel data model for system-GMM, empirical findings show that OFDI has negative and significant effects on exports and imports of low-income countries, an indication of a substitutional relationship. Regarding the effects of exports on OFDI, and with exception of low-income countries, we found a positive and significant relationship for in all income cluster, an indication of a complementarity relationship. This shows that home country?s export is an important facilitator of OFDI. Overall, our empirical results support complementary effects on the dynamic interplay between OFDI and disaggregate international trade, suggesting a greater competitiveness in foreign markets as well as an increase in commercial integration.
Length: 9 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 148-156
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=012&rid=13347
File-Function: First version, 2021
Number: 12513347
Classification-JEL: F10, F21, F43
Keywords: Outward FDI, Trade, Export, Import, Income economies, Dynamic panel data
Handle: RePEc:sek:iefpro:12513347
Template-Type: ReDIF-Paper 1.0
Author-Name: Anna Skórska
Author-Name-First: Anna
Author-Name-Last: Skórska
Author-Email: askorska@ue.katowice.pl
Author-Workplace-Name: University of Economics in Katowice, Department of Forecasting and Labour Analysis
Title: Work-life balance during the COVID-19 pandemic
Abstract: The article is a discussion concerning the essence and importance of reconciliation between work and family life during the COVID-19 pandemic The lack of harmony between various spheres of life brings many negative consequences, both at the micro (individual, organizational) as well as macro (society) level. Too many hours spent at work can lead to employee fatigue, dissatisfaction and absenteeism. On the other hand, problems in private life can affect the efficiency of employees. Considering the above, the purpose of the article is to present the essence of the conflict between work and private life in the time of the COVID-19 pandemic as an important element of the quality of life. The implementation of the goal formulated in this way required the following research questions:?Has the pandemic influenced the assessment of the work-life balance? ?Has the pandemic affected the satisfaction with the amount and way of spending free time??Are there any differences between women and men?Considering that the measurement of work life balance as well as the impact of this phenomenon on quality of life is problematic the research, using the diagnostic survey method, was conducted in Poland in December 2020. The survey questionnaire was developed by the employees of the Department of Forecasting and Labor Market Analysis at the University of Economics in Katowice. Due to the limited volume of the article, the author decided to analyze only some of the results with particular emphasis on the gender of the respondents. It should be emphasized that despite many changes during last decades, in many families the division of responsibilities and tasks remains unequal. That is why the conflict between work and family life is particularly felt by women and the consequences of this phenomenon have increased during the COVID-19 pandemic.
Length: 12 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 157-168
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=013&rid=13355
File-Function: First version, 2021
Number: 12513355
Classification-JEL: J01, J16, J81
Keywords: work life balance, COVID-19 pandemic, women
Handle: RePEc:sek:iefpro:12513355
Template-Type: ReDIF-Paper 1.0
Author-Name: Eduard Hromada
Author-Name-First: Eduard
Author-Name-Last: Hromada
Author-Email: eduard.hromada@fsv.cvut.cz
Author-Workplace-Name: Faculty of Civil Engineering, Czech Technical University in Prague
Title: DEVELOPMENT OF THE REAL ESTATE MARKET IN THE CZECH REPUBLIC IN CONNECTION WITH THE COVID-19 PANDEMIC
Abstract: The paper deals with the analysis of the current situation on the real estate market in the Czech Republic in connection with the COVID-19 pandemic. Selected pricing and technical parameters such as prices of apartments for sale, prices of apartments for rent, technical condition of the apartments and energy performance of the building are analysed. To obtain input data for the analysis was used software EVAL, which the author of the paper has been developing since 2007. The software EVAL collects, analyses and evaluates real estate advertising in the Czech Republic in a monthly period. All real estate advertising is continuously recorded in the software database and is carefully analysed for its credibility. EVAL software provides comprehensive and objective information on the actual development of the real estate market in the Czech Republic. The paper uses basic statistical methods of processing a large data set.
Length: 8 pages
Creation-Date: 2021-07
Publication-Status: Published in Proceedings of the Proceedings of the 15th Economics & Finance Conference, Prague, Jul 2021, pages 169-176
File-URL: https://iises.net/proceedings/15th-economics-finance-conference-prague/table-of-content/detail?cid=125&iid=014&rid=13389
File-Function: First version, 2021
Number: 12713389
Classification-JEL: C10, R20, R30
Keywords: Real estate market, EVAL software, Real estate prices, Statistical methods, Data mining
Handle: RePEc:sek:iefpro:12713389