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This paper explores the dynamic and evolving relationship between capital and artistic composition, revealing how shifts in economic structures have historically influenced the creation, distribution, and perception of art. Drawing from interdisciplinary research in economics, cultural theory, sociology, and art studies, the article traces the transformation of art from a symbolically autonomous practice to a financially integrated mechanism within capitalist systems. Through historical analysis, spanning from the...

The aim of this paper is to explore the theoretical foundations of Central Bank Digital Currencies (CBDCs), as a digital variant of traditional existing money. We present the characteristics, advantages and disadvantages of Central Bank Digital Currencies in the current context of financial digitalization. We also distinguish them from cryptocurrencies, which are virtual currencies issued in a decentralized manner by private entities. In addition, we examine how different countries are approaching CBDC implementat...

This study examines the educational and technological competencies of societies across European Union countries, aiming to understand their role in supporting socio-economic development in a rapidly changing world. The analysis draws on a comprehensive set of variables that go beyond traditional indicators, incorporating aspects particularly relevant in today’s fast-evolving, digitally driven world—such as lifelong learning, digital skills, and knowledge of foreign languages. Using multidimensional statistical...

The paper examines the spread of the extensive trade margin of the three Baltic countries: Lithuania, Latvia and Estonia after the collapse of the Soviet Union in the 1990s. We use the gravity modelling technique including 3 countries of origin, more than 150 countries of destination and a large number of products to empirically estimate which factors were the most important for the spread of the number of export markets in these countries. For our econometric analyzes we take the main gravity model variables, suc...

Sustainability reporting requires organizations to collect, verify and communicate environmental information with a high degree of accuracy. This study examines ESG reporting as a managerial competence and analyses how artificial intelligence supports transparency in environmental data interpretation. A structured search in Scopus and Web of Science identified 368 publications. The literature shows variation in the quality of environmental disclosures and increasing use of AI tools such as natural language process...

The current turbulent development in the real estate market, not only in Slovakia but throughout Europe, is caused by several crises that have a global impact and partially resemble the situation in the market 15 years ago. One factor that negatively affects the real estate market in Slovakia is the lack of residential real estate. In the long term, the demand for housing significantly exceeds the supply of apartments. This article analyzes the prices of real estate intended for housing in Slovakia. It defines eco...

The agricultural sector is under severe pressure due to climate change, which affects crop yields, water availability, and the overall sustainability of food systems. Within this context, also the wine sector faces growing challenges from climate change, calling for both adaptation and mitigation strategies and increasing interest in solutions such as New Genomic Techniques (NGTs). These techniques accelerate natural adaptation processes in grapevines and enable the development of pathogen- and climate-resilient v...

As global entities encounter increasing demands to reconcile economic goals with environmental and social responsibilities, the integration of sustainability accounting and artificial intelligence (AI) provides a scientific framework for enhancing ESG performance. This paper explores the role of AI-enhanced sustainability accounting as a crucial instrument for measuring, analyzing, and improving the effects of organizations on ecological and social systems. By leveraging AI's computational strengths - such as pred...

The article examines the transformation of the value of Niko Pirosmani's paintings over time in the economic and cultural context of the art market. The analysis shows how the value and price of the artist's paintings changed between 1900 and 2025, from zero value to high international premium levels. The research methodology uses the Bloomberg database. In relation to time, the price index, secondary sales index, and hedonic price index are analyzed. A comparative analysis is conducted with Basquiat’s and Frida...

This paper aims to provide a detailed analysis of the issues related to full employment versus unemployment.Keynes wrote in an era marked by mass unemployment, degradation, and suffering on an incredible scale.A reasonable person could have argued for the failure of capitalism, reaching the conclusion that only major institutional changes-perhaps the nationalization of the means of production-could restore economic health.In fact, many economists came to this conclusion:a large number of British and American intel...

In this paper, we present a comparative review of Multi-Criteria Decision Analysis (MCDA) methods used in the selection of Enterprise Resource Planning (ERP) systems. ERP selection is inherently complex and involves multiple organizational and technical factors that must be evaluated simultaneously. MCDA methods provide a structured framework to support such decisions by handling diverse and sometimes conflicting evaluation criteria. Our study focuses on four widely recognized MCDA methods (AHP, ANP, TOPSIS, ELECT...

Romania features an extensive wine tradition and culinary culture, presenting substantial potential for the advancement of wine and gourmet tourism. The country's viticultural surfaces are varied, with eight wine regions spanning three EU-designated growing areas. Notwithstanding structural limitations, Romania possesses significant potential for high-quality wine production. Wine tourism, while still in a developing phase relative to other European nations, exhibits potential for expansion, especially in areas su...

The aim of this paper is to evaluate the bilateral trade between G7 countries (Canada, France, Germany, Italy, Japan, United Kingdom, United States) in the period 2005-2020. The methodology is based on gravity model, using panel data and Ordinary Least Squares Method in EViews. The Pearson Correlation, the Unit Root Test and the Hausman test were performed. Three different gravity models were performed, with the exports, the imports and the bilateral trade flows as the dependent variables. The findings are: GDP of...

Amid global geopolitical fragmentation, global supply chain (GSC) adjustments have become a key feature. The private sector is typically slow or reluctant to embark on GVC reconfiguration. First, GSC readjustment involves considerable search costs, learning costs, fixed costs, etc. Second, firms often underestimate the GVC disruption risk and the urgency to make readjustments. As a public policy to forge GVC resilience, governments typically require public procurement contractors to assess GSC risk and restructure...

The aim of this study was to evaluate the impact of the demographic determinants on three groups of countries: the European Tigers, the Asian Tigers and the Asian Cubs during the period 2000-2023. The European Tigers are Ireland, Estonia, Latvia and Lithuania. The Asian Tigers are Hong Kong, South Korea, Singapore and Taiwan. The Asian Cubs are Indonesia, Malaysia, Philippines, Thailand and Vietnam. The considered demographic determinants are the age dependency, the birth rate, the death rate, the fertility rate, ...

Can foreign intervention in civil wars or proxy wars create a long-term impact on economic exchanges between the foreign intervenors and the intervened state? Could the regions belonging to the two opposing and warring sides in the civil war react differentially to economic exchanges with the foreign intervening powers? We draw on one of the longest and most brutal wars of the second half of the 20th century: the Vietnam War (1955–1975). It involved the United States and the Soviet Union supporting opposing side...

The article is devoted to the analysis of the demographic and social consequences of forced industrialization and violent collectivization in Soviet Kazakhstan, based on the data of the 1939 All-Union Population Census. The focus is on identifying the causes and consequences of the minimal population growth (only 1.3%) during the period from 1926 to 1939. This demographic stagnation is viewed as a direct result of the mass famine of the early 1930s, which led to a sharp decline in the indigenous population, especi...

The sunflower has significant potential in terms of agrarian production, painting, and sustainable development. The paper discusses the potential of the sunflower as an opportunity for food security, energy efficiency, ecological balance protection, and diversification. The aim of the study is to identify the potential of the sunflower for sustainable development. The research also considers the demonstration of an innovative approach to the synergy of science and painting in terms of shaping society’s vision to...

Global sustainability initiatives, effective resource allocation, and corporate responsibility are all at risk from greenwashing, which is the willful distortion of environmental sustainability policies. With an emphasis on the economic ramifications of greenwashing, corporate transparency, and the economical use of natural resources, this paper explores the function of accounting in identifying and stopping it. We examine how sound accounting procedures might improve responsibility in resource and waste managemen...

Environmental, social, and governance (ESG) reporting has evolved from a niche practice to a mainstream business priority across the globe. As companies integrate ESG considerations into corporate strategy and disclosure, cultural factors play a significant role in shaping how sustainability commitments are perceived and implemented. National values, norms, and management practices influence corporate sustainability behavior – for example, whether firms view ESG initiatives as ethical imperatives, compliance exe...