Financial and economic development link in transitional economies: a spectral Granger causality analysis 1991?2017

Škare, Marinko; Porada-Rochoń, Małgorzata

doi:10.24136/oc.2019.001

Cited by 35 publications

(16 citation statements)

References 32 publications

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“…The end of the twentieth century saw a dynamic development of globalization processes [1][2][3]. The changes caused by the progressing globalization mainly concern the increase in interdependence between economies, changes in the functioning of selected markets and institutional changes [4][5][6][7][8].…”

Section: Introductionmentioning

confidence: 99%

Energy Transition in Poland—Assessment of the Renewable Energy Sector

et al. 2021

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The topic of the article considers the functioning of the renewable energy (RE) sector in Poland. This is really important in the context of the energy transition of the national economy because it influences the creation of modern technologies and increases the competitiveness and innovation of the country. Poland is in a process of energy transition where the RE sector has been developing for two decades. The authors aimed to research the RE sector improvement possibilities in Poland, including the influence of this sector on chosen social and economic aspects. Because of this research’s aim a critical situation assessment of RE in Poland was conducted and a survey of a group of experts in this field was also involved. Legal, physical and mental determinants and their influence on RE sector were looked into. In the legal determinant context a necessity to simplify relevant legislation acts in Poland was found. Undoubtedly there is a need to improve several legal acts, including the Distance Act. In physical determinants it was found that solar, wind and biomass energy have the biggest chances for development. In the case of mental determinants the authors paid attention to the need of educating the public about using and obtaining energy. It is also important to make people aware how the RE sector influences the low emission economy positively. This will improve the creation of new jobs and reduce the emissions of harmful substances to the environment.

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Section: Introductionmentioning

confidence: 99%

Energy Transition in Poland—Assessment of the Renewable Energy Sector

et al. 2021

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“…Under conditions of the financial resources deficit, internal and external investments are significant tools to fasten rates of economic growth and to create a possibility to move to the qualitatively new level of a country's development (Skare & Porada-Rochoń, 2019).…”

Section: Introductionmentioning

confidence: 99%

Shadow Economy and its Impact on Demand at the Investment Market of the Country

Bilan¹,

Vasilyeva²,

Lyeonov³

et al. 2019

EBER

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The objective of the research is to study the link between drivers of the shadow economy and the demand level on the investment market. Research Design & Methods: Based on the Shapiro-Wilk test, the normality of capital investment distribution and the shadow economy level of the European Union countries and Ukraine are evaluated. Spearman and Shapiro-Wilk tests are used to identify the most relevant indicators of impact. Findings: The analysis of the changing dynamics regarding the capital investment volume and the shadow economy level in Ukraine and the EU countries during 2010-2016 shows that there is an inverse link between them-the growth of the shadow economy has a negative impact on the capital investment volume in the country. Implications & Recommendations: This research proves significant influence of the shadow economy on the demand level on the investment market and underlines the necessity to review the current state policy to stimulate the demand on the investment market from the viewpoint of the most relevant shadow drivers. Contribution & Value Added: The scientific contribution of the article is that existing research on the impact of shadow economy on the economic development of countries remains fragmented, as well as studies assessing its effect on a country's investment attractiveness. The constructed econometric model may provide some insight into better understanding of the most influential factors affecting a country's investment attractiveness and the immediate response to it. Article type: research article

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“…There is a potential for Russia's economy to grow, but ideological disunity in theoretical approaches is hindered [19,20]. We must learn from reality, not rely on a theory divorced from reality.…”

Section: Resultsmentioning

confidence: 99%

The impact of economic policy instruments on the conditions of sustainable economic growth

2020

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Given the low rates of economic growth in Russia and the aggravation of the geopolitical situation, the question of the prospects for its stimulation with fiscal and monetary policy tools is of particular relevance. The main priority of the economic policy is to ensure financial stability and prevent destabilization, taking into account the volatility of hydrocarbons prices and the geopolitical tensions. The article uses dialectical materialistic and concrete historical methods to protect that the current economic policies should be focused on sustainable economic growth. It is necessary to form a new strategy of monetary regulation and budget policy that would contribute to the sustainable development of the Russian economy and ensure the economic security of the country. In the perspective of maintaining sustainable economic growth, it is important to solve the problem of equitable distribution, expressed in a strong stratification of society and the violation of social stability, the implementation of economic policy at the level of macroeconomic planning; it is advisable for the Central Bank to follow the link between the possible range of inflation and economic growth; to stimulate consumer and investment demand by reducing interest rates, to form money supply not due to linking gold and foreign currency reserves, but under the issue of securities, to increase budget expenditures and increase public debt for the sake of investment in education and health care.

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Financial and economic development link in transitional economies: a spectral Granger causality analysis 1991?2017

Cited by 35 publications

References 32 publications

Energy Transition in Poland—Assessment of the Renewable Energy Sector

Energy Transition in Poland—Assessment of the Renewable Energy Sector

Shadow Economy and its Impact on Demand at the Investment Market of the Country

The impact of economic policy instruments on the conditions of sustainable economic growth

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