Search results for "Economic Policy"
showing 10 items of 150 documents
The Specifity of the Local Government Elections in the Opolskie Province in 2018
2020
The objective of this paper is to analyse the political activity of the local community of the Opolskie Province in the local government elections in 2018 and to identify the characteristic features determining its specificity. The attempt to identify the electoral specificity of the region will consist in presenting a characterization of the region in terms of its size and population as well as its administrative and social aspects. An analysis of the elements inseparably connected with the election process, such as geography, voting turnout, the number of electoral registers and candidates, the types of electoral committees, is equally important. And finally, comments on the election resu…
Latvia: Experiments and Reforms in Decentralization
2011
Abstract Latvia is an independent country which was founded in 1918. Its independence was interrupted by the Soviet Union and was renewed in 1991. It joined the European Union in 2004. Latvia is a sovereign, independent, unitary, and indivisible nation-state. Its government is republic and it is organized on the principle of separation and balance of the legislative, executive, and judicial powers. This article focuses on Latvia and its decentralization reforms. Latvia has a long history of development of local government. From 1918 to 1934, Latvia had a positive experience of creating democratic society and local governments; however the fruits of these efforts were lost after the formatio…
New Labor Migration Trends: Evidence from Latvia
2009
Accession to the European Union and the subsequent free movement of labor in a more open labor market became a factor which promoted mobility among the residents of the EU's new member states. Latvia is one of the 10 countries in Central and Eastern Europe which joined the EU on May 1, 2004. Migration in Latvia has become a topic of economic, political and social importance. The aim of this paper is to analyze the Latvian labor migration processes that have unfolded since the EU enlargement in 2004. Results from the survey showed that substantial numbers of residents have emigrated. In Latvia economic and temporary aspects of migration continue to dominate. Another important issue today is …
Spanish Employment Legislation Reforms in the Recent Crisis - Towards a New Model of the Industrial Relations System
2014
The recent crisis and its consequences have induced major changes in Spanish employment legislation which may lead into what could be recognized as a new model of the industrial relations system. Since the early 90's, and as a reaction to globalization, the need of introducing measures for promoting adaptability and flexibility have had echoes in Spanish employment legislation. However, the crisis we are experiencing nowadays is having a greater impact upon the Spanish economy, and hence on employment regulations, than any other previous crisis. The legislature's reaction in order to reverse the situation is leading to a new model of the industrial relations system, since this is happening …
A Nordic Welfare State in Post-industrial Society
2009
Risk Profiles for Re-Profiling the Sovereign Debt of Crisis Countries
2014
This paper uses a risk-management approach to re-profile the sovereign debt of countries facing debt crises. Using scenario analysis we develop a risk measure of the sovereign's debt -- Conditional Debt-at-Risk -- and an optimization model is used to trace risk profiles that tradeoff expected cost of debt financing against the Conditional Debt-at-Risk. The risk profiles are particularly informative for crisis countries, as they allow us to identify, with high-probability, debt unsustainability. We develop risk profiles for two Eurozone countries with excessive debt, Cyprus and Italy, both in their current form and under various forms of restructuring or rescheduling, and show how to assess …
Impact of COVID-19 on the travel and tourism industry.
2021
Abstract Our paper is among the first to measure the potential effects of the COVID-19 pandemic on the tourism industry. Using panel structural vector auto-regression (PSVAR) (Pedroni, 2013) on data from 1995 to 2019 in 185 countries and system dynamic modeling (real-time data parameters connected to COVID-19), we estimate the impact of the pandemic crisis on the tourism industry worldwide. Past pandemic crises operated mostly through idiosyncratic shocks' channels, exposing domestic tourism sectors to large adverse shocks. Once domestic shocks perished (zero infection cases), inbound arrivals revived immediately. The COVID-19 pandemic, however, is different; and recovery of the tourism ind…
From the Global Crisis to the National Crises: The Case of the European Union Countries
2013
Abstract The aim of this paper is to examine the way in which the 2007 global financial crisis has emerged into more specific national ones. The interventionist policies responses have led to an intensification of the economic unhealthy situations in some countries of the European Union. At the same time through well-chosen economic policies other countries, managed to escape from the threat of collapse of their national economies.
Does politics matter in the conduct of fiscal policy? Political determinants of the fiscal sustainability: Evidence from seven individual Central and…
2007
This paper aims at assessing the fiscal sustainability and its political determinants in seven Central and Eastern European Countries (CEEC), namely Estonia, Latvia, Lithuania, Poland, Slovenia, Slovakia and the Czech Republic. First, using the recent sustainability approach of Bohn (1998) based on fiscal reaction function, econometric findings using Ordinary Least Squares (OLS) reveal a positive response of the primary surplus to changes in debt in several countries. In other words, fiscal policy is sustainable in Baltic countries, Slovenia and Slovakia, but not in Poland and in the Czech Republic. Second, by introducing political dummy variables, we test the electoral budget cycle and the…
Travel and Tourism as a Driver of Economic Recovery
2013
Abstract Nowadays countries are trying to overcome the adverse effects of this crisis but have failed to recover their positions due to severe recession and worsening economic conditions. Tourism can be one of the pillars that should be supported by governments around the world as part of the solution to stimulate economic growth. The paper examines the economic impact of tourism industry worldwide and with a focus to Romania. It also advances some solutions for the design of a more effective and efficient policy framework in order to take a proactive stance in tailoring policies and development of the tourism sector.