Finansyzacja gospodarki krajów Europy Środkowo-Wschodniej

Gołębiowski, Grzegorz; Szczepankowski, Piotr

doi:10.14746/rpeis.2015.77.4.16

Cited by 7 publications

(6 citation statements)

References 10 publications

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“…The zero unitarization method is an alternative to use of the ranks assigned to the values of the indicators for the examined entities. An interesting example of the application of ranks for the examination of financialization indicators for the economies of Central and Eastern European countries was presented by G. Gołębiowski and P. Szczepankowski [2015]. The mentioned article describes both the place of the financial sector in relation to other sectors of the economy and indicators regarding the financial sector.…”

Section: Discussionmentioning

confidence: 99%

The Growing Importance of the Financial Sector in the Founding Countries of the European Union

Florczak

2020

FiPF

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The economies of the 21st century countries operate on the principle of connected vessels. A significant element of changes in economies is the growth of the financial sector. The process of financial sector growth is often referred as financialization. The significant impact of this sector on economic development was shown during the financial crisis of 2008. Financialization is more visible in highly developed countries. Undoubtedly the founding countries of the European Union belong to highly developed countries. It is possible that the financialization is higher in bigger countries like France, Germany, Italy or United Kingdom, which can also have bigger financial sectors. From the other side there is also country, which economy is based on banks. The aim of the article is to indicate the growth of the financial sector in the founding countries of the European Union. To determine the growth of the financial sector, the author used the indicators appearing in the literature of subject. There are indicators relating to functioning of the economy and banking sector. The second method helps to determine in which country financialization is higher. To made the research there was used zero unitarization method. The results of the study allows to determine in which of the subjects the financial sector is at a higher level of development. It is possible, that during researched period there were changes in financializiation of researched countries.

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Section: Discussionmentioning

confidence: 99%

The Growing Importance of the Financial Sector in the Founding Countries of the European Union

Florczak

2020

FiPF

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“…Many definitions describing this process can be found in the literature on the subject. Some describe this process as an increase in the importance of the financial sector and its primacy over other sectors of the economy (Gołębiowski, Szczepankowski, 2015). Others define it as the domination of the financial sector highlighted by the growing role of financial motives (Jajuga, 2014), financial markets, and financial institutions in the functioning of national and international economies (Epstein, 2005).…”

Section: Review Of Literaturementioning

confidence: 99%

Financialization of European Union countries - an attempt to determine differentiation through cluster analysis

Florczak

2024

JESI

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The process of increasing the importance of the financial sector in the economy is referred to as financialisation. This process can be observed in many sectors of the economy. The article aimed to identify the differentiation in the financialisation of European Union countries. The article verified the research hypothesis according to which the differentiation of EU countries due to financialisation, determined using cluster analysis, consent with the division into groups of countries according to geographical criteria. The k-means cluster analysis method was used to assign countries to individual groups. Six variables were adopted for the research (the ratio of the current level of budget balance to GDP, the ratio of public debt to GDP, the ratio of public expenditure to GDP, the ratio of household debt to GDP, the ratio of household consumption expenditure to GDP, the investment rate of non-financial enterprises). Based on the average values of indicators for the period 2011-2021, EU countries were assigned to characteristic groups differing in the specificity of financialisation. The results indicate that the countries of Central and Eastern Europe were classified into one cluster, while the countries of Southern Europe were classified into two separate clusters. It seems essential to classify the countries of Western Europe and Northern Europe into one cluster. The literature on the subject includes studies of financialisation and its impact on the economy. However, it is difficult to find studies that divide countries according to characteristics related to financialisation.

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“…By way of example, it can be pointed out that within the framework of socio-economic policy, the special cause of financialisation is, among others, forcing the concept of a limited state (by departing from the doctrine of the welfare state and state interventionism, deregulation), or supporting the flexibility of the labour market (by weakening the role of trade unions, and limitation of the minimum wage, unemployment benefits, and employment protection). 29 The literature also indicates that the consequence of financialisation are changes in the sphere of management and ownership of economic entities, which lead, for example, to preferring short-term profitability to the long-term development of a given project Financialisation can also be considered as an expression of specific historical processes related to socio-economic innovation, which is money. 30 Both processes described above have a clear economic dimension.…”

Section: Mcdonaldisation Of Universities As a Process Aimed At Their ...mentioning

confidence: 99%

Academic Ethos in the Times of the McDonaldisation of Universities – a Few Reflections on the Consequences of the Economisation and Financialisation of Science

Nizioł

2022

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Historically, universities not only played an educational and research role, but also created culture. It was also expressed by the academic ethos. At the same time, along with the advancement of the globalisation of economic processes, there is a tendency to apply the market approach in their case, which results in the economisation and financialisation of science. The clash of these two worlds, i.e. the academic ethos embedded in academic values and the economic approach to the functions of universities, is manifested, for example, in their McDonaldisation. As a consequence, universities focus on those aspects of their activities that are economically effective, including, for example, providing specialised educational services for student – clients. This process may result in universities losing their character, and thus becoming centres of creative inspiration and scientific discourse between scientists. Therefore, the aim of this study is to try to answer the following research questions: first, what are the consequences for universities of their economisation and financialisation, and, second, how their McDonaldisation affects the academic ethos. The study uses the dogmatic, legal and comparative methods.

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Finansyzacja gospodarki krajów Europy Środkowo-Wschodniej

Cited by 7 publications

References 10 publications

The Growing Importance of the Financial Sector in the Founding Countries of the European Union

The Growing Importance of the Financial Sector in the Founding Countries of the European Union

Financialization of European Union countries - an attempt to determine differentiation through cluster analysis

Academic Ethos in the Times of the McDonaldisation of Universities – a Few Reflections on the Consequences of the Economisation and Financialisation of Science

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