Search results for " european"

The Effect of Nominal Exchange Rate Volatility on Real Macroeconomic Performance in the CEE Countries

2011

Working Paper Gate 09-34; International audience; This paper analyzes the relation between nominal exchange rate volatility and several macroeconomic variables, namely real per output growth, excess credit, foreign direct investment (FDI) and the current account balance, in the Central and Eastern European EU Member States. Using panel estimations for the period between 1995 and 2008, we find that lower exchange rate volatility is associated with higher growth, higher stocks of FDI, higher current account deficits, and higher excess credit. The results are economically and statistically significant, and robust.

Macroeconomic Impact of Pension System Upon Private Pension Funds Scheme. Empirical Evidence from Central and Eastern European Countries

2021

Abstract The significance of retirement savings and private pension funds increased in the latest decades and gathered important amounts of capitals. The purpose of this paper is to investigate the macroeconomic effects of pension systems from an investment perspective in five Central and Eastern European countries. The analyzing process regarding several underlying macroeconomic effects of pension systems started from the premises that there is a strong connection between the structure of pension systems, the national economy and the development of the financial sector. The econometric tests were processed and applied by using pool data regression models and the method Pooled Instrumental …

The pan-European holiday effect

2015

The construction of a single European block in the context of financial markets has caused the different national stock exchanges of the euro area to converge towards one common trading calendar that allows to study whether the holiday effect is a pan-European calendar anomaly or country-specific. By applying simulation methods, we provide evidence of the existence of statistically and economically abnormal positive pre- and post-holiday returns in the Eurozone which are not related to higher than average levels of volatility, but which can be explained by the preference of investors to avoid selling around European holidays.

Empirical Approaches Upon Pension Systems in Central and Eastern European Countries. Triangle Assessment: Free Movement of People, Labor Market and P…

2020

Abstract Nowadays, around the world, it can be noticed an important trend towards the pension system reforms. The creation of the European fiscal space, the effects of globalization and the movement of the labour force are important vectors towards creating a new type of social economy. The labour force is constantly moving around the countries that gathered important amounts of capital, especially in industrialized countries. Moreover, the lower levels of the birth rate combined with the increasing level of death rate unbalance the labour market. The entire European continent undergoes a demographical transition period, highlighted by aging and intensive migration. This phenomenon is regis…

Developments in Central and East European Politics – Edited by S. White, J. Batt and P. Lewis

2008

Measuring the shadow economy and its drivers: the case of peripheral EMU countries

2019

We adopt a long-run perspective to investigate the size of the shadow economy and explore the trends in this area. The analysis is based on a panel of peripheral EMU countries over the period 1965-2015. Our empirical approach relies on a multiple indicators and multiple causes (MIMIC) framework. This approach is a variant of structural equation modelling (SEM). We used two sets of variables, (i.e. potential determinants and indicator variables) to estimate an underlying (unobserved) index that measures the evolution of the shadow economy. Ascertaining the relative importance of the shadow economy enabled analysis of its relationship with other institutional and social issues (e.g. corruptio…

Leadership styles and their specific correlation to gender - theoretical standpoint

2016

The purpose of the research is to review different leadership styles and get insight about specific female and male leadership style characteristics. In this context the development of conception of the changing role of females has been discussed and compared with the Western and Eastern European approach. Different leadership styles and their specific characteristics have been described, compared and evaluated in respect to gender roles. It was found out that female and male incline different leadership styles. Concentration of power and central decision-making which are seen as male leadership characteristics are effective during critical economic situations. Care, empathy and harmonic re…

Convenzione europea dei diritti umani e problemi di costituzionalità della legge elettorale italiana

2013

By an order of 21 March 2013, the Court of Cassation referred to the Constitutional Court the question of constitutionality of the current Italian electoral law on the grounds that it runs counter to the constitutional principles of free and equal suffrage. The Constitutional Court has been called by the referring judge to focus on three main aspects of law: the closed list system; the majority bonus in the Chamber of Deputies, by which the coalition that wins the highest number of votes receives at least 55% of the seats; and the majority bonus in the Senate, which is assigned on a regional level. While the Court of Cassation affirmed that the constitutional principles on the right to vote…

PV Reconfiguration Systems: a Technical and Economic Study

2017

Dynamical electrical array reconfiguration strategies for grid-connected PV systems have been proposed as solution to improve energy production due to the mismatch effect of PV plants during partial shading conditions. Strategies are based on the use of dynamic connections between PV panels given by the employment of switches that allow for each panel the series, parallel or exclusion connections, physically changing the electrical connections between the related PV modules, consequentially modifying the layout of the plant. Usually the cost of the dynamic matrix is not taken into account. This novel work evaluates the economic advantages obtained by the use of reconfiguration strategies in…

Ecological Indicator Values of Europe (EIVE) 1.0: A Powerful Open-Access Tool for Vegetation Scientists

2016

International audience; Background: Ecological indicator values (EIVs) have a long tradition in vegetation ecological research in Europe. EIVs characterise the ecological optimum of species along major environmental gradients using ordinal scales. Calculating mean indicator values per plot is an effective way of bioindication. Following first systems in Russia and Central Europe, about two dozen EIV systems have been published for various parts of Europe.Aims: As there was no EIV system available at European scale that could be used for broad- scale analyses, e.g. in the context of the European Vegetation Archive (EVA), we develop such a system for the first time for the vascular plants of …