Browse

The labor market is the most important element of the economic system, since it represents the aggregate of supply and demand for labor, the balance of which determines the economic growth of the country as a whole and of the particular region, in particular. On the other hand, it is largely correlated with the capital market, the means of production, consumer goods, etc. Thus, it can be said that the labor market is the most important factor in the development of the economy, the effective functioning of which en...

The present stage of evolution processes puts forward to the social conscience a problem of determining a further way for Russian society development because today it became urgently needed to rethink the accumulated experience and relevant transformation of the country economy management system for the purpose of national sustainable development. Transition of western countries to the fourth technological mode of social relationship development requires a new society to be built that is based on principle of lega...

In this paper authors present the assessment of ecological well-being in large Russian cities, situated in the Volga Federal District. Comparative analysis is made for five cities of the Volga Federal District of the Russian Federation for the period 2008-2015, based on data published annually by the Federal Service for State Statistics of the Russian Federation, namely the statistical yearbooks “Regions of Russia. Main socio-economic indicators of cities”. To assess the ecological well-being of inhabitants, stati...

The key finding of the previous research is the fact that protests are a result of a multifactorial negative impact of socio-economic factors on an individual and group consciousness of citizens. Thus, effective counteracting protest activity assumes managing and administrating social and economic processes in order to neglect threats and overcome negative consequences of crisis in society and economy. The research reveals methodology of counteracting protest activity on the basis of cognitive maps which is an eff...

Marketing activities and their utilisation are inevitable part of almost all companies operating in current high competitive market. If the company wants to be successful and sell their goods and services, it needs to be visible for its potential customers. To support demand and product offer the implementation of tools of marketing and communication mix is important. Tourism sector is no exception. The main aim of the article was to focus and point out the marketing tools and activities that are used by tourist i...

For a long time, corporate governance has been presented as a universal solution for all problems. Economic and financial disasters have been a cold shower for the global society, showing that the mere statement of leadership based on corporate governance principles does not award objectivity and professionalism to activities by itself. Much has been said and little has been implemented along the times, so that the global society has had to accept that a correlation is needed between what is declared and what is i...

In the context of growing competition in the world market and the corresponding search for new development tools, the creation of special economic zones of various kinds contributes to the formation of poles of economic growth not only in the export and import of products, but also in the creation of industrial complexes and innovative sectors of development. Currently, the creation and functioning of special economic zones is a tool to stimulate the competitive advantages of territories, international economic co...

The article is devoted to the research of relation between the competitive position of the firm (cluster) and monetary policy. For objective reasons, the Bank of Russia cannot become the main driver of economic development, but can create conditions for this by maintaining price, social and financial stability, ensuring stability and development of the financial sector and settlement system. Bank of Russia conducts monetary policy within the framework of inflation targeting. The interaction of monetary policy and ...

The study proposes to promote ecotourism and to highlight its importance for the economic development of the studied area. Caras Severin County attract a lot of tourists due to the high number of touristic objectives, but mainly due to Bigar waterfall which was nominated as the most beautiful waterfall in the world. Due to the high number of tourists, the natural landscapes are damaged, therefore the purpose of this study is to acknowledge the value of nature, so that the tourists and the managers of the touristic...

One of the information sources describing an enterprise, its activities and results is the system of measurement and disclosures – i.e. accounting. This system, in its structure and effects of functioning, by adopting e.g. the final outcome in the form of a financial statement, should take into account the environmental challenges within which it is supposed to carry out the assigned goals. It is natural that changing the modern form of accounting (and therefore also financial reporting) becomes the function of dy...

Modern trends in the development of the economy determine the need to improve the efficiency of management of investment processes, since the intensification of investment activity contributes to the renewal of the material and technical base, expansion of production, strengthening of competitive advantages. Analysis of the experience of stimulating investment activity in the regions of the Russian Federation allowed to identify several areas, the implementation of which will provide additional capital inflow to t...

Like the European Union, the Slovak Republic is also experiencing rapid aging of population, which is caused mainly by an increase in the expected life expectancy combined with a low birth rate. In general, the negative impacts of population aging on public finances of the state are analysed. Less attention is paid to the impact of aging on national economy in terms of volume changes and the structure of supply and demand for products and services. The concept of silver economy can be defined as the potential repr...

The article deals with the basics of the formation of tourism in society, reveals the content of the phenomenon of tourism, offers a unified social system of tourism, its essence, characteristics and philosophical purpose. The analysis of scientific understanding of the phenomenon of tourism based on scientific schools of the Western sociological science is carried out. An attempt is made to systematize the statements of European scientists about the commercial nature of tourism and the creation of a single touris...

The aim of the article is to evaluate whether the construction of the income tax in Poland indicates the implementation of the principles of social justice to which Article II of the Constitution of the Republic of Poland refers. In order to achieve the pursued objective of the paper, it was analyzed how the amount of the income that is not the subject of individual income tax and the poverty lines in the years 1995-2017 related to each other. The above relationships were compared with relationships in selected co...

The paper fills the gap of the scarce economic literature devoted to the investigation of systemic banks’ prudential features. The statistical analysis gravitates around those banks designated by the Basel Committee of Banking Supervision as global systemically important banks (G-SIBs). It had been considered a comprehensive sample of 28 European systemic banks whose key financial indicators (capital adequacy, profitability, liquidity, and asset quality) became inputs for the peer analysis performed. The explorato...

Human Development Index (HDI) is calculated as a combined index of three indicators: the expected life expectancy, purchasing power and expected education. These three indicators can adequately represent the development of the country because the longer life expectancy of a population implies a better health condition, resulting in better psychophysical abilities or greater human vitality. The purchasing power of the population indirectly expresses the level of satisfaction of the needs, and thus the satisfaction ...

Background. Many theories in scientific publications are focused on assessing the growth of particular regions and their mutual comparisons. Many authors are dealing with the issues such as economic growth and development of regions. The goal of the paper is to find out what impact on the enhancement of regional gross domestic product has issues such as employment, average wage, number of small and medium enterprises and road network density. Then as a next step to identify the groups of regions through cluster an...

Negative demographic evolution, which applies also to the Slovak Republic, can be reversed to a certain extent by a well-set immigration policy. Integration policy plays an important role in immigration policy. An appropriately set integration policy is a prerequisite for an increase in the number of migrants to have a positive impact on the economic development of the host country. Failing to integrate migrants into the host country's society results in marginalization. The article analyzes the current situation ...

During the last years, the investments flows had a slow increasing trend on local market, even if in Romania were made improvements in order to attract investors, not only from Europe, but worldwide. In this regard, the aim of our study is to identify how the legislative changes have influenced the capital market, especially the investments area, including also the foreign direct investments. Romania was affected by the financial crisis which took place in 2008, so we have analyzed the situation before and after t...

Objectives: In modern conditions, almost all countries of the world and Russia are characterized by ecological problems related to environmental pollution by the industrial sector. Industry is the main pollutant of atmospheric air. People living in large industrial cities have to breathe the air oversaturated with harmful and toxic substances which are released into the atmosphere by industrial enterprises. At that, the scale of pollution depends on the size of the enterprise and the consumed raw materials. Thus, ...

The paper attempts to assess the impact of the recent 2007-2009 crisis on economies of the Baltic countries. Following the relevant literature review, two different approaches are tested: the first one attempts to summarize two dimensions of crisis severity, and the second approach is based on the notion that the recession brought by the crisis is just a painful readjustment of economy to normal trend of development which was corrupted by the unhealthy boom. In the first case, two types of severity index, embracin...

Financial instruments are one way of providing assistance from the European Structural and Investment Funds. They support investments that are expected to be financially viable but have insufficient funding from market sources. They may take the form of capital investments, loans, guarantees or other risk-sharing instruments. Unlike grants, they represent a return form of assistance through them the final beneficiary can access the financing of economic activities on preferential terms. The specificity of financia...

At present, it is widely accepted that the innovation represents the engine for the economic development, increasing the quality of life and building a sustainable future for humanity. Innovation exists from the beginning of mankind, in various forms, but only during the last century, its role increased continuously and became a fundamental element in the development process. European Union started to assess the performance in innovation from 2001 with European Innovation Scoreboard, a composite indicator that cov...

The evolution of the world economy over the last decades has demonstrated its importance in the consolidation / imbalance of world geopolitics for every country. The economic crisis has determined for most states or groups of states to consider a priority the economic stability. Tourism, as part of the state and world economy, is a major contributor to GDP. Besides the financial value (which represents a payable “service”, also determines the international currency), tourism motivates the movement of people, cultu...

Health is a fundamental good that can not be bought in a market, and its determinants are the genetic "luggage", lifestyle, the environment, and health care, regardless of whether we are talking about humans or animals. The need for health care is a relative concept involving both the individual and society, all of which has as its starting point the poverty of information (knowledges) that an individual has in relation to his "needs" for health care. The relations with customers and communication between them is ...

In the study basing on the key regional indicators and export goods analysis is discussed the possibilities of current regional foreign trade models in the social and economic development in case of the sanctions restrictions (on the example of the Republic of Tatarstan). Basing on the received estimates is analyzed the proposed position that the current foreign economic relations models of export-oriented regions are capable to compensate in the medium term some lost profits in the cases of the sanctions restrict...

The innovation becomes vital for increasing the competitiveness of national economies. Innovation means investment in R & D by the private sector, large research institutions and extensive collaborations between universities and industry. The aim of this paper is to study the relationship between innovation and competitiveness in European Union countries. Ensuring future economic growth will require solutions that are more creative than any we have seen so far. The European economies faced a long period of low gro...

The assessment of traditional components as part of the material cultural heritage is an essential element in the development of the cultural tourism. The south-western area of Romania, especially the Banat geographical area, on a rather extensive area, within the rural areas and small and medium-sized towns, faces a rather large economic problem. This was determined by the shift from a censored socialist economy to a free market economy, after which there has been registered a process of restricting the industria...

In order to determine the content of different biochemical components in sweet potato tubers under the conditions of sandy soils from D?buleni, the following varieties were studied: Yulmi, Juhwangmi, Hayanmi, KSP 1, KSC 1, grown in transparent mulch culture, in the first decade of May, in the climatic conditions of the period, 2015-2017. All varieties studied showed a total dry matter content of over 30% and the highest content was determined for KSC1 (38.87%). Also, the results obtained with respect to the conten...

The problems of minimizing tax risks when Russian companies paid income to foreign organizations were constantly in the focus of attention of economists and practitioners. The number of publications of both foreign and Russian researchers in this field has a steady upward trend. This is due to the observed increase in the number of foreign organizations receiving income from sources located on the territory of Russia, as well as the expansion of the range of controversial issues arising in the current conditions f...

The Republic of Croatia is a country with significant number and large variety of autochthonous products. In recent years, more attention is paid to the importance of local products and their protection at national and even European level. The aim of the paper is to explore tourists perception towards autochthonous products quality. For the purpose of this paper the primary research in the area of Dubrovnik has been carried out. Autochthonic products in Croatia can be protected by the marks of origin, geographical...

The worldwide challenges related with the agricultural sector are diversifying and the financing of this field is more and more required in order to develop the sustainable agriculture while mitigating and adapting to climate change. This paper aims to overview the agriculture finance landscape worldwide by investigating the Scopus research publications. Also, it was conducted an analysis at BRIC and USA levels. The review uses the bibliometric techniques for emphasizing the evolution during 1960-2016 time frames,...

In the last 5 years the technological advances in the financial services markets brought about significant modifications in the jobs titles and structure. Digitalization and FinTech, Blockchain, General Data Protection Regulations are just a few of the primary causes of significant modifications all through the financial sector. Hence, this article analyzes the modifications concerning the new trends in the training, as competences and skills are becoming more valued than simple knowledge for employers. Talent man...

The process of digitization is increasing its pace, which seems to outmatch the human capabilities of evolutionary adaptation to ongoing changes [1]. The 21st century makes it necessary to use new technologies during management- and production-related processes, as well as in ones involving finance and accountancy. The development of digital economy, automation of processes, digital financial services and a widespread access and transfer of financial and non-financial data enforces development of digital competenc...

This paper examines the potential basis for the determination of a barometer to size democracy, a new instrument designed to measure the differences in the quality of democracies established for the East and North European Union countries. This new research instrument is based on a comprehensive concept of democracy, which includes three principles: freedom, equality and control, which are assured by nine functions: individual freedoms, the rule of law, public sphere, competition, mutual constraints, governmental ...

Many years of history of tax havens indicate their attractiveness in terms of hiding income and reducing tax burdens. At the same time, it exposes the weakness of governments and various types of institutions and organizations in the scope of limiting the negative impact of tax havens on the financial conditions of the countries from which the capital has migrated. The creation of new legal forms, often of a hybrid nature, is not a magnet only for business entities but also for individuals. Minimum tax burdens, a ...

Understanding local residents’ attitudes towards tourism development and its positive and negative impacts is important and crucial in order to minimize antagonism of local community towards tourists, and also to help local authority in creating adequate tourism policy. This study explores residents’ attitudes of quality of life (QoL) caused by tourism regarding their living distance from the centre of tourism activities, personal benefits from tourism, socio demographic profile, positive and negative tourism impa...

This article highlights some aspects of the existing correlation between increasing the effort of allocating a larger defence budget to governments and the effect on economic development and material well-being of the population. Following the basic international rules imposed by NATO on the Member States, each state tries to adapt it to its internal conditions. The results of the existing relationship between defence spending and the economic development index are presented through the statistical analysis of twe...

An essential component of national wealth and the most important part of the country’s economic capacity are the fixed funds. Fixed assets form the basis of any industry, which produces output, delivers services and executes work. Production facility renovation is one of the crucial tasks to be fulfilled in order to develop exchange relations and maintain the current economic growth rate. The present study: 1. Provides an original definition for the term “investment potential of renovating basic production assets”...

This article introduces the analysis of the current situation of the state ecological policy implementation on the regional level in Russia. The main goal of the research is the evaluation of the socio-economic conditions of the ecological activity in the subjects of the Volga Federal District. Natural-socio-productive systems are taken as the object of the research. Statistical and index methods are used in the research as well as methodology of assessing the ecological policy by A.A. Kostylev which is based on t...

The unevenness of providing countries with natural resources, as well as their consumption, puts forward a number of regularities in the economic development of different countries. The first relates to the need to find ways to better manage natural resources in the face of scarcity. The problem is particularly acute for developed countries. As a matter of fact, their variant of industrial development in last decades (economy of resources) and is resource way of economic development. The urgency of the problem of ...

Modern fuel and energy complex is an important element of global economy. Its development produces risks for global and national economic systems. It’s very important to develop tools for quantitative assessment these risks. For today an empirical studies that use statistical tools for solving this problem are very rare. We propose to conduct a comprehensive formal evaluation of the energy vulnerability by building ratings of the countries. The rating is based upon a number of indicators related to key energy vuln...

In most cases the uncertainty of future business development makes it hard for an investor to opt for the one of many enterprises to invest. In conditions of uncertainty it is recommended to invest in companies with a good reputation, since such investments are regarded as less risky. In such a situation the attention is increasingly turned to the companies which meet the consumers’ needs: trade, food production, construction. It is known that the value of business is considered to be the main indicator of the com...

The article defines the role of regional innovation clusters in enhancing the innovative development of Russian regions. The authors consider the structure of regional innovation clusters and the benefits of creating regional innovation clusters in Russia, study and present a classification of innovation clusters, as well as explore some support programs for Russian regional innovation clusters. The article studies also financial structure of development programs based on source and industry-specific areas of pilo...

In business management, the critical issue is identifying those activities that are drivers of value. One of the indicators stakeholders are interested in is return on equity (ROE). For managers, it is important to identify those activities that affect its growth or decline. The aim of the study is disaggregation of the ROE indicator on the parts depicting the operating activities through Return on Net Operating Assets (RNOA) and non-operational activities through financial leverage and spread. Then more detailed ...

One of basic banking activities is granting loans to both retail and corporate clients. This is obviously related to the potential risk of customers’ failure to settle liabilities by the agreed dates. For these reasons, banks often use very advanced techniques and tools to predict the creditworthiness of borrowers. In banks, there are special teams dedicated to this purpose dealing with broadly understood credit risk management. To assess the creditworthiness of retail clients, a wide range of analytical and stati...

Economic authorities (central bank and government), conducting the monetary and fiscal policy, affect the economy as well as each other. In pursuit of its goal, which is the desired level of inflation (the inflation target), the central bank applies appropriate monetary policy strategies with varying degrees of expansiveness/ restrictiveness measured by the interest rate. In turn, the government striving to achieve the goal which is the desired economic growth also uses strategies with a different degree of expans...

The issue of innovation is becoming more relevant day by day, as the most severe competition among large corporations of the world is observed precisely for the market of innovations. Any project should start with a well-planned and well-executed planning. The article considers the innovation planning system at the enterprise. The following types of planning will be considered: strategic, operational, product-thematic, technical-economic and volumetric-calendar. The composition and combination of different types o...

Financialization is a phenomenon that when applied to non-financial entities means the increase of importance of financial motives in the decision-making processes of enterprises. It is about generating a dominant part of revenues within financial operations, and not within the operational and financial activities. The ideas discussed in this paper is the issue of Polish businesses activity financialization. The goal is the attempt to assess whether financialization concerns Polish non-financial entities. The anal...

In the modern world, there are tendencies to form the economy of a new type of economy - the digital economy. The formation of a new economy is associated with the intensification of various risks. In this regard, insurance is the main source of incentives for production activities and economic growth, which provides the conditions for protecting property interests. Losses arising from unforeseen factors (economic, political, social, etc.), cause an objective need for insurance. In all developed countries of the w...