A Decade of EU Membership: Evolution of Competitiveness in Romania

Zaman, Constantin; Meunier, Bogdan

doi:10.35808/ersj/638

Cited by 16 publications

(12 citation statements)

References 11 publications

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“…Exchange rate fluctuations may have a negative impact on the quality of assets, especially in countries with a large amount of foreign currency loans. The same with interest rate increases, particularly in case of loans with flexible interest rate (Louzis et al, 2012;Zaman and Meunier, 2017). However, on the one hand, higher inflation may ease debt compensation by affecting the real value of unpaid credit, while on the other hand it may also reduce the real income of unprotected borrowers.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of the Level of Non-Performing Loans in Commercial Banks of Transition Countries

Mazreku¹,

Morina²,

Misiri³

et al. 2018

ERSJ

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Problem loans have generated considerable academic and policy attention in recent years, fueled in part by the aftermath of the 2008-2009 economic crisis and subsequent credit crunch. Problem loans, referred to as non-performing loans (NPL), are loans which are not paid in the structured time period as set in the contract between the borrower and the bank. The goal of this study is to show the influence, in transition countries, of macroeconomic factors on the level of these loans. Specifically, factors such as Gross Domestic Product (GDP growth), inflation, unemployment and export growth shall be considered, using a variety of econometric models and specifications to ensure robustness, including Fixed and Random Effects Models and Arellano-Bond Dynamic Panel estimation. We use data from the World Bank and International Monetary Fund for a sample of transition countries over the period 2006 and 2016. Findings show that GDP growth and inflation are both negatively and significantly correlated with the level of NPLs, while unemployment is positively-related to NPLs. These results have important implications for banking stability within transition countries, and the role of macroeconomic policies in this regard.

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Section: Literature Reviewmentioning

confidence: 99%

Determinants of the Level of Non-Performing Loans in Commercial Banks of Transition Countries

Mazreku¹,

Morina²,

Misiri³

et al. 2018

ERSJ

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“…Although many previous studies have examined value creation, market orientation and green product innovation in enterprise performance (Narver and Slater, 1990;Vargo et al, 2003;Chen et al, 2006;Dangelico and Pujari, 2010;Pujari et al, 2003;D'Souza et al, 2006;Pociovalisteanu and Thalassinos, 2008;Havlicek et al, 2013;Giannakopoulou et al, 2016;Zaman and Meunier, 2017) many have not proven in a comprehensive way the effects of value creation, market orientation, and green product innovation on corporate performance. Sullivan et al (2012) state that studies of company performance depend on the sample, context, and variables being measured.…”

Section: Introductionmentioning

confidence: 99%

Strategic Implementation of Environmentally Friendly Innovation of Small and Medium-Sized Enterprises in Indonesia

Fadhilah¹,

Andriyansah²

2017

ERSJ

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This study aims to empirically test the influence of market orientation strategies, and value co-creation on green product innovation, and also to test the value co-creation and green product innovation on marketing performance in the context of Micro Small and Medium Enterprises (SMEs) in Yogyakarta, Indonesia. The study distributed questionnaires to 464 SMEs' entrepreneurs. By using Structural Equation Modeling (SEM) as analytical tool, the results show that market orientation, value co-creation positively affect green product innovation in the context of small and mediumsized enterprises. In addition, the results of this study also show that value co-creation, and green product innovation have a positive effect on marketing performance.

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“…Surveys regarding changes in the total productivity of agriculture most frequently referred either to a selected group of farms, e.g. dairy farms (Čechura et al, 2014;Madau et al, 2017;Bokusheva and Čechura, 2017), or to selected countries (Latruffe and Desjeux, 2016;Leimane et al, 2017;Zaman and Meunier, 2017;Duguleana and Duguleana, 2016), or the analysis covered the previous study period (Coelli and Rao, 2005). Baráth and Fertő (2014) indicate that no studies have been carried out concerning the comparison of TFP in agriculture between old and new member states, especially after 2007.…”

Section: Introductionmentioning

confidence: 99%

Changes in Agricultural Productivity in New and Old Member States of the European Union

Nowak¹,

Kubik²

2019

ERSJ

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Purpose: This paper aimed at evaluating changes in agricultural productivity in the group of new (NMS) and old (OMS) member states of the European Union. Design/Methodology/Approach: The analysis covered the years 2007-2016. The calculations made use of unit data from farms participating in FADN (Farm Accountancy Data Network). Surveys were carried out based on the Malmquist productivity index and partial indicators of land, workforce and capital productivity. Findings: The outcome pointed to increased total productivity of agriculture in NMS (9.5%), resulting from positive technological changes and improvement in technical efficiency. A small decrease in productivity was noted in a group of EU-15 countries, which was due to a decrease in technical efficiency. Despite the growth in total productivity, the value of partial productivity indicators in NMS remained at a much lower level than in OMS. Practical Implications: Identification of the determinants of growth in agricultural productivity is the precondition to make up differences occurring between member states in this respect. Originality/Value: This study contributes to reference literature concerning productivity of agriculture for a number of reasons. First, the scope of the survey is extensive, as it covers a group of 27 EU member states split into new and old members. The second aspect of the survey is taking into account both changes in total factor productivity and in productivity of respective production factors. Thirdly, the Malmquist index adopted for the needs of the survey made it possible to identify the sources of change in total factor productivity.

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A Decade of EU Membership: Evolution of Competitiveness in Romania

Cited by 16 publications

References 11 publications

Determinants of the Level of Non-Performing Loans in Commercial Banks of Transition Countries

Determinants of the Level of Non-Performing Loans in Commercial Banks of Transition Countries

Strategic Implementation of Environmentally Friendly Innovation of Small and Medium-Sized Enterprises in Indonesia

Changes in Agricultural Productivity in New and Old Member States of the European Union

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