Foreign Ownership as a Neglected Factor in Regions’ Smart Specialisation Exports

Nazarczuk, Jarosław Michał; Umiński, Stanisław; Jurkiewicz, Tomasz

doi:10.3846/jbem.2020.12425

Cited by 7 publications

(5 citation statements)

References 57 publications

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“…The contribution that foreign investors can make to boost the comparative advantage of the host country depends on the share of foreign investors in the host country's exports, the existing capabilities and the policy promoted by the host country (Panait and Voica 2017;Davidescu et al 2018;Simionescu 2018). In addition, companies with foreign capital can be important regional players of smart specialization exports of Central and Eastern Europe countries (Nazarczuk et al 2020).…”

Section: Introductionmentioning

confidence: 99%

Foreign Direct Investment and Trade—Between Complementarity and Substitution. Evidence from European Union Countries

Voica

Panait

Hysa

et al. 2021

JRFM

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This aim of this work is to study the relationship between foreign direct investment (FDI) and trade. FDI is a driving force for economic growth for host countries. The positive effects of FDI are seen in many aspects of the economy. However, the implications of FDI on foreign trade are questionable. Therefore, this study uses a Granger causality technique to test whether the relationship between FDI and foreign trade is complementary or substitutive. The findings of this study indicate that this relationship appears to be complementary, and FDI investment does cause an increase in trade flow in the countries that are taken into consideration. This research aims to make a comparison between the relations of FDI flows of three groups of countries from the European Union (EU)—Romania and Bulgaria, the Visegrád Group and the Euro area—for the period of 2005 to 2019. However, the results indicate that this link between the variables is not yet found for the three group of countries, and further research is required in this aspect. This leads to the conclusion that the FDI impact on foreign trade of the host country depends on the type of investment and absorptive capacity of the receiver, the economic development of host and home countries, and not every type of FDI leads to more trade.

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Section: Introductionmentioning

confidence: 99%

Foreign Direct Investment and Trade—Between Complementarity and Substitution. Evidence from European Union Countries

Voica

Panait

Hysa

et al. 2021

JRFM

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“…(2) Diversification allows better transfer and dispersal of external shocks in different directions (sectors and branches) of the economy, contributing to a faster economic recovery and faster adaptation to changed conditions. This is also confirmed by the analyses of Nazarczuk, Umiński and Jurkiewicz [37] (p. 830); (3) A high rate of economic growth alone is not sufficient to ensure an adequate level of economic resilience. What is more important is the rapid and effective transformation of the economy, e.g., by adjusting the structure of production to new conditions and reinforcing scientific and technological innovation.…”

Section: The Notion Of Economic Resilience and Its Determinantsmentioning

confidence: 76%

Employment Diversification as a Determinant of Economic Resilience and Sustainability in Provincial Cities

Bogdański

2021

Sustainability

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Differentiated response of selected economies to the global economic crisis caused by the collapse of the real estate market in the United States has drawn the attention of economists to the concept of economic resilience. At the same time, once again, it showed the importance of analysing and creating suitable conditions for sustainable development. Resilient economies are less exposed to the risk of economic crises or slowdowns, which is vital for ensuring stable incomes and high level of living standards. Therefore, the presented analysis was aimed at evaluating the level of economic resilience of provincial cities in Poland in relation to the situation on their labour markets. For this purposes, selected measures of the variation in the distribution feature (e.g., coefficient of variation) and the degree of structure diversification of the examined feature (Amemiya’s index) were used. Subsequently, using correlation analysis, the research determined whether any relationships could be observed between the investigated variables. The results of the research indicate that for provincial cities sub-regions in Poland, a statistically significant, moderate negative correlation could be observed between the degree of employment structure diversification in 2009 and the scale and scope of the collapse in the number of employed persons in subsequent years. This suggests that a high level of employment diversification restricted the level of economic resilience in this case.

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“…Discussing the results of our study, it should be emphasized that there is a significant amount of work in this area. Take even the research of Nazarczuk et al [13], and Dziembała and Talar [14], which considered SMART specialization of the region as part of SMART management. SMART specialization covers a layer of work related to the reasonable choice of the type of economic activity that in modern conditions is the most promising for the region, as it has the greatest resource and innovation potential, the implementation of which will increase the competitiveness of the territory and significantly improve the level and quality of life of the population.…”

Section: Discussionmentioning

confidence: 99%

SMART Management of Sustainable Development of the Region in the Context of Globalization

Kryshtanovych¹,

Kornieieva²,

Malinovska³

et al. 2022

IJSDP

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The main purpose of the study is to determine the main stages of SMART management of sustainable development of the region for the countries of Eastern Europe in the context of globalization. The issue of implementing a SMART management system today is relevant and critical for the further optimal functioning of the regional management system. The process of implementing SMART management itself is complex and complex, given this, there is a real need to find new methods for systematizing this process in the regional management system. The methodology involves the application of the method of graphic representation of the functional achievement of the goal. This methodology allows you to depict the main stages of achieving the goals in the beat way. Based on the results of the study, we have formed a graphically step-by-step model of effective SMART management of sustainable development of the region for the countries of Eastern Europe under the influence of globalization. As a result of the formation of this model, we have algorithmized and systematized the process of implementing SMART management of sustainable development of the region for the countries of Eastern Europe in the context of globalization. The use of this model will facilitate the adaptation of regional governance systems to a qualitatively new type of management. The study has limitations and concerns limited access to the socio-economic and sustainable development of the regions. We have taken only the regions of Eastern Europe as an example, but in the future we should expand our graphically step-by-step model of effective SMART management of sustainable development of the region for the countries of Eastern Europe under the influence of globalization for the regions of the whole world.

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Foreign Ownership as a Neglected Factor in Regions’ Smart Specialisation Exports

Cited by 7 publications

References 57 publications

Foreign Direct Investment and Trade—Between Complementarity and Substitution. Evidence from European Union Countries

Foreign Direct Investment and Trade—Between Complementarity and Substitution. Evidence from European Union Countries

Employment Diversification as a Determinant of Economic Resilience and Sustainability in Provincial Cities

SMART Management of Sustainable Development of the Region in the Context of Globalization

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