Comparing the performance of two industries during the crisis

Zaninović

Ekonomska misao i praksa

2021

This paper focuses on the determinants of wine production in the European wine industry. In the last two decades, the European wine industry has undergone many changes due to the entry of new countries into the world wine market. Although increasing competitiveness became the priority of the European Common Agricultural Policy, wine production and consumption in the EU have decreased in the last two decades, and therefore the aim of this research is to analyse and identify the macroeconomic determinants of wine production, i.e. what factors besides the price influence wine production in selected EU countries and in how they can be controlled. Empirical research was conducted using data for EU member states traditionally engaged in wine production. Panel data on wine production, wine consumption, average wine price, wine imports, wine exports and EU support to the wine sector were collected from secondary sources for 15 wine-producing EU countries and for the period 2009-2018. We estimated the econometric model using pooled OLS, as diagnostic tests indicated that this estimator was the best fit for our data. Our results suggest that domestic demand and domestic (EU) subsidies are the main drivers of wine production. To keep up with New World wine producers, even more emphasis should be placed on promoting the wine drinking culture.

Section: Literature Overviewmentioning

confidence: 99%

Macroeconomic Determinants of Wine Production in the European Union

Zaninović

Ekonomska misao i praksa

2021

“…Basically, the choice is between a centralised operational hierarchy, giving under concession (outsourcing) only the segments of the overall operation that cannot be performed by the governmental entity, and a network of smaller and independent concessionaires bidding for road segments that can be independently operated, with total operational freedom afterwards. It is a choice between hierarchies and networks at every operational level of organisation [15].…”

Section: Organisational Aspects Of Highway Operationmentioning

confidence: 99%

Un-Vignetting vignettes

Mance

2017

Pomorstvo (Online)

In the art of photography, the phenomenon of vignetting means blurring of an image at its periphery compared to its centre. Vignettes are a form of road pricing independent of travel distance. Their usage in Croatia was recently rejected while in Europe, the number of countries using them, is increasing. The economic question of using vignettes as a primary source of revenue for the financing of Croatian highways was blurred by economically peripheral but politically sensitive welfare transfer issues. There has been no visible attempt to push the discussion back into the field of economics by using purely economic criteria such as: opportunity cost of usage, “sunk costs”, marginal costs, and total costs recovery. The paper aims at un-vignetting (un-blurring) the issue and re-focusing it towards economic arguments. The approach taken is a deductive-nomological argument based on opportunity costs of usage. The conclusion is straightforward: the vignettes are Pareto efficient since they make the society in general and the consumers in particular ultimately better off even after taking into account compensations. The opportunity costs of usage of congestion-free roads are zero. The optimal quantity-dependent price is then also zero. Since zero price does not recover costs, a differential pricing scheme needs to be put in place: one that does not depend on distance travelled.

An Investigation on Construction Crisis Framework Based on the CRITIC and WASPAS Methods, a Case Study; Khuzestan province (Iran)

Dehmourdi

Naik

Kishore

2021

IJEAT

The crisis in construction industry are deemed a negative event in the security, economic, political, materials, or natural affairs, especially when they occur abruptly, with little or no warning; and it has always caused damage, therefore crisis management is necessary to order not turn crisis into a disaster. The present study focuses on exploring the impact of the crisis in construction projects by offering a review of the literature to identify the various associated crisis and made a case study of ‟Khuzestan province (Iran). First, through a questionnaire survey with construction experts as respondents, the initial list of 222 sub-factors were confined to a list of 174 essential crisis sub factors and were grouped under 20 main crisis factors. Second, the shortlisted 174 essential crisis sub factors conduct a questionnaire-based survey with top experts from ‟Khuzestan province (Iran) construction organization as respondents to obtain the Importance of each sub factors based on the rating of its impact the second list and using CRITIC method to weighting crisis factors. Third, ranking the influential sub crisis factors from the all sub factor list and provide a single list without considering the initial list crisis through WASPAS model. Finally, The result of the crisis effects rating, seen that the most crisis effects rating in the Khuzestan construction industry is the economic crisis, followed by the market and real estate, and then insurance, maintenance, after that respectively, logistics, and materials crises. Identify the crisis is the main part of crisis management; the obtained results help construction crisis managers and all stakeholders to achieve sustainable development in construction projects. Identifying and prioritizing construction-specific crises allow sustainable crisis managers to concentrate to be successful projects.