South East European Journal of Economics and Business
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ARE WOMEN REALLY PAID MORE THAN MEN IN KOSOVO? UNPICKING THE EVIDENCE
Get PDFA recent survey found that the unadjusted average hourly net wage rate of female employees in Kosovo exceeded that of male employees. This reverse gender wage gap makes Kosovo a curiosity, though results from other countries suggest that there is an inverse relationship between the size of the gender pay gap in a country and its female labour force participation rate. In the analysis below we estimate earning functions for female and male employees in Kosovo. Using decomposition analyses we then examine the size of the explained and unexplained gender wage gaps. A novel feature of the investigation is that we incorporate into the analysis gender differences in the allocation of time. We find that the superior productivity-related characteristics of female employees in Kosovo hides the magnitude of the difficulties they still face in the labour market
INNOVATION TYPES AND SALES GROWTH IN SMALL FIRMS EVIDENCE FROM KOSOVO
Get PDFThe purpose of this paper is to investigate the impact of different forms of innovation on firm growth, in terms of sales. A total of 278 samples were collected from SMEs in the manufacturing, service and trade industries throughout Kosovo. The data were analysed using a logistic regression analysis. The findings confirm the hypotheses that marketing innovation is positively associated with firm growth, while new to the firm products is negatively associated with firm growth. Other innovation attributes have resulted with non-significance value. The findings in this study can be useful for theoretical discussion, as well as for policy formulation related to introduction of innovation and SMEs development considering that innovation is critical factor in today’s market and competition. Further studies should look into how SMEs could investigate over time from the initial stage to the full development of innovation
THE CORONAVIRUS PANDEMIC AND EUROPE’S UNDECLARED ECONOMY: IMPACTS AND A POLICY PROPOSAL
Get PDFThe coronavirus pandemic has led to a loss of revenues for enterprises and workers due to workplace closures and restrictions on movement to ‘flatten the curve’. In response, governments have made available temporary financial support to enterprises and workers affected. This paper evaluates a group currently excluded from this support, namely enterprises and workers in the undeclared economy, and a possible government policy response. To identify those involved, a 2019 Eurobarometer survey of undeclared work in Europe is reported. This reveals that one in every 132 European citizens relies wholly on undeclared earnings and the sectors and population groups involved. Given their reduced revenues and inability to access the temporary financial support, a voluntary disclosure initiative is recommended which brings undeclared enterprises and workers into the declared economy and onto the radar of state authorities by offering access to this temporary financial support if they disclose their previous undeclared work
INPATIENT COSTS IN THE PERSPECTIVE OF POLISH HEALTH POLICY: SCENARIO ANALYSIS
Get PDFConstantly growing health needs, changing demographic situation resulting in often prolonged treatment process, technological progress in the field of highly specialised medical procedures and the associated increase in patient awareness translate into an increase in the operating costs of the healthcare sector. The main aim of the study was the assessment of the relationship between the labour costs of medical staff and in-patient curative care costs financed by the main payer over the next decade. The research results confirmed that the assumed increase of expenditures on healthcare sector to the level of 9% of GDP in 2027 (proposed by management units) is unlikely to happen. The research findings were obtained by the implementation of scenario analysis supported by the development trend analysis
COMPARISON OF THE EFFECT OF VIX FEAR INDEX ON STOCK EXCHANGE INDICES OF DEVELOPED AND DEVELOPING COUNTRIES: THE G20 CASE
Get PDFThis study aims to examine the potential causal relationship between the VIX and the indicator stock exchange index returns of G20 (9 developed and 10 developing) countries. Nineteen countries of the sample are G20 countries with available data. In this respect, the frequency domain Granger causality test of Breitung and Candelon (2006) is employed for the daily data between March 2011 and December 2017. The results obtained from the study indicate that there is no causal relationship between the VIX and the returns of the NASDAQ 100 index in developed countries. Similarly, no causal relationship is detected which runs from the VIX to the BIST100, BOVESPA, MERVAL, S&P/BMV IPC and TADAWUL stock index returns in developing countries. As a result, the causal relationship is more tend to be found in developed countries in comparison to developing countries
THE IMPACT OF PATENTS AND R&D COOPERATION ON R&D INVESTMENTS IN A DIFFERENTIATED GOODS INDUSTRY
Get PDFIn this paper, we consider the impact of patents and R&D cooperation on R&D investments in the oligopolistic industry with differentiated products. Four types of firms’ conduct are investigated: R&D competition without patents, R&D competition with patent protection, R&D cooperation, and the full industry cooperation. The obtained results suggest that patents do not necessarily promote R&D investments due to the existence of so called tournament effects. R&D cooperation stimulates R&D investments, but R&D cooperation provides sufficient incentives to create a full industry cartel. Such a cartel works to the detriment of consumers. Our analysis led us to the conclusion that for a relatively low level of R&D spillovers, the policy-makers should promote R&D competition without patent protection among oligopolistic firms. For a relatively high level of R&D spillovers, R&D cooperation enhances innovation, but the regulator should monitor the market for probable collusion
MIGRATION PATTERNS IN EASTERN EUROPE AND THE WORLD: A GRAVITY APPROACH
Get PDFThis study uses a UN dataset of foreign-born residents in and from 154 different countries, available every fifth year since 1990, to estimate an augmented gravity model for Eastern Europe and the world. Migration responds to higher incomes in the host country, though the effect diminishes with income. Unlike the rest of the world, East European migration increases with the exchange rate in the host and higher incomes in the origin, but not with political autocracy or conflict in the origin country. Controlling for these differences, Eastern Europe has fewer immigrants and emigrants than the model would otherwise predict
CAN MONETARY INTEGRATION IMPROVE PRODUCTIVITY? EMPIRICAL EVIDENCE OF EUROZONE
Get PDFEuropean monetary integration must be understood as an additional step towards strengthening the close ties that have been fostered after the Second World War. The aim of this research is to determine the effect of adopting the euro in terms of productivity growth, measured as the total factor productivity (TPF) variation. We used a panel data analysis with two-way fixed effects to estimate the effects of Euro adoption on the productivity growth. Two panels from 1996 to 2016 were used –one comprised 28 countries of EU members; the other only included 13 countries which joined the EU since 2004. Our findings suggest that the productivity growth of the countries that joined in 2004 and adopted the euro was higher compared to those that maintained their own currency. In addition, we find that FDI was the main channel through which the adoption of the euro influenced productivity growth
NOWCASTING GDP OF BOSNIA AND HERZEGOVINA: A COMPARISON OF FORECAST ACCURACY MODELS
Get PDFThe paper explores the possibilities of creating an econometric model for making short-term forecasts of the Gross Domestic Product of Bosnia and Herzegovina (GDP of B&H). Its aim is to determine the most representative and most efficient model for forecasting the quarterly GDP of B&H. This is the first paper that simultaneously compares ARIMA models, bridge models and factor models in three different time periods. All variables are available for the period of 2006q1-2016q4. The final choice of the model for forecasting the quarterly GDP of B&H was selected on the basis of a comparative analysis of the predictive efficiency of the analysed models. Based on the obtained results, the most efficient model for forecasting quarterly GDP of B&H is the bridge model, which includes four variables as regressor: Retail sale of other goods, Total loans, Manufacturing and Manufacture of food products
THE RELATIONSHIP BETWEEN CO2 EMISSIONS AND GROSS CAPITAL FORMATION IN TURKEY AND KUWAIT
Get PDFThe aim of this paper is to explore the potential link between gross capital formation and CO2 emissions by using the Toda and Yamamoto approach. The annual time-series data were collected for the period 1971- 2014. Due to the fact that Kuwait aims to become a major trading hub by 2035, it has made significant efforts to improve the infrastructure. Moreover, Turkey is also making strong efforts to improve the manufacturing sector as well as infrastructure, and represents an important trading hub that links Europe with the Middle East. Thus, Turkey and Kuwait are expected to strengthen their economic ties and expand trade, which was the motivation for comparing the link of interest in these two countries. The study’s findings confirm the bidirectional links between all of the variables of interest not only in the case of Turkey but also in the case of Kuwait, suggesting some important policy implications