Journals Poznań University of Economics and Business
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Spillover effects of remittances on local public spending in developing economies
Full text linkWe develop a political economy model to study spatial spillover effects of remittances on local public goods with inter-regional positive externalities. Our theory shows that spillovers of remittances are asymmetric with a complex pattern that depends on the degree of externalities of public spending, the inter-regional inequality of income, and whether local public goods are complementary or substitutes. We develop several tests to be verified empirically, for instance our theory shows that if local public goods are substitutes and externalities are moderate, remittances received by households in one locality increase government spending in that locality but reduce spending in other districts. If externalities are significant, remittances affect local public spending in high-income localities but does not affect spending in low-income localities
Growth prospects for the silver economy in the market segment of residential care services provided to dependent elderly people
Full text linkThe aim of this study is to characterise the determinants of the development of the silver economy in the field of care services provided in a residential form for dependent elderly persons in Poland. The analysis was carried out on the basis of statistical and financial background data, including those from the Ministry of Family and Social Affairs, the Ministry of Health, OECD, etc. Although the demand for care services will continue to grow in the coming years, the following barriers to the development of this segment of the silver economy can be identified: lack of employees, unattractiveness of monetary gratification, inefficient financing mechanisms, lack of public investment in the development of care facilities, and increasing costs of providing services in all forms
CSR committees and their effect on green practices
Full text linkThis paper explores the relationship between the presence of corporate social responsibility (CSR) committees and the implementation of corporate green practices. Using data from 445 non-financial Japanese firms from 2010 to 2021, we find a positive impact of such sustainability committees on both integrated and three individual aspects of green initiatives, including internal pollution prevention, green supply chain management, and green product innovation. In addition, our evidence demonstrates a variation in the CSR committees—green practices nexus across diverse groups of firms, based on their exposures to environmental risks. Finally, we claim that CSR-linked compensation and CSR strategy can explain how CSR committees affect firms’ eco-friendly practices. Generally, our study confirms the crucial role of a governance mechanism—CSR committees—that business organisations and policymakers can exploit to promote sustainable behaviours
Social media disagreement and financial markets: A comparison of stocks and Bitcoin
Full text linkWe examine whether disagreement in social media discussions related to financial markets affects subsequent volatility and abnormal trading volume. We also compare how traditional and digital asset markets differ by comparing stocks and Bitcoin. We show that social media disagreement is positively associated with future market volatility and abnormal trading volume in the stock market. The effect of disagreement is more pronounced at the individual stock level than at the index level. A higher level of social media disagreement also increases the probability of extremely negative stock market returns. In contrast, disagreement in Bitcoin-related social media weakly affects subsequent volatility but does not affect trading volume or extremely negative returns. Our findings also reveal that market activity impacts the disagreement in the stock market and Bitcoin communities differently
Influence de l’économie sociale et solidaire sur les pratiques de consommation éthique dans les territoires d’outre-mer entre théorie et application
No full textObjective: This study explores the impact of the social and solidarity economy (SSE) on ethical consumption behaviors in the French overseas territories, with a particular focus on the role of the citizen–consumer.
Design/methodology/approach: A multinomial logistic regression model is applied to data collected from 924 participants in French overseas territories, specifically Guyana, Martinique, and Guadeloupe. This approach examines the relationships between awareness of environmental and social issues, the availability of SSE products, and citizen engagement with ethical consumption.
Findings: The results reveal that awareness of environmental and social issues is the most significant factor influencing ethical consumption, followed by product availability. In contrast, price has a statistically weak impact. The study highlights that younger generations, especially in Guyana, are more inclined toward ethical consumption, driven by local social dynamics.
Originality/value: This study provides new insights into the interaction between SSE and ethical consumption in overseas territories, emphasising the role of local social influence and the importance of communication strategies to promote SSE values. It also suggests theneed for tailored public policies to encourage responsible consumption in these regions.Objectif : Cette étude explore l’impact de l’économie sociale et solidaire (ESS) sur les comportements de consommation éthique dans les territoires d’outre-mer français, en mettant l’accent sur le rôle du consommateur citoyen.
Conception/méthodologie/approche : Un modèle de régression logistique multinomiale est appliqué à des données recueillies auprès de 924 participants dans les territoires d’outremer, notamment en Guyane, Martinique et Guadeloupe. Cette approche examine les relations entre la sensibilisation aux enjeux environnementaux et sociaux, la disponibilité des produits de l’ESS et l’engagement citoyen envers la consommation éthique.
Résultats : Les résultats montrent que la sensibilisation aux enjeux environnementaux et sociaux est le facteur le plus déterminant dans l’adoption de comportements éthiques, suivie de la disponibilité des produits de l’ESS. En revanche, le prix a un impact statistiquement faible. L\u27étude souligne que les jeunes générations, notamment en Guyane, sont plus enclines à adopter une consommation éthique, influencées par les dynamiques sociales locales.
Originalité/valeur : Cette étude apporte de nouvelles perspectives sur l’interaction entre l’ESS et la consommation éthique dans les territoires d’outre-mer, en soulignant l’importance de l’influence sociale locale et des stratégies de communication pour promouvoir les valeurs de l’ESS. Elle suggère également la nécessité de politiques publiques adaptées pour encourager une consommation responsable dans ces régions
The effects of fiscal decentralisation on economic growth in Senegal: An ARDL approach
No full textObjectif : Évaluer les effets de la décentralisation fiscale sur la croissance économique au Sénégal de 2011 à 2021.
Conception/méthodologie/approche : Les indices de décentralisation fiscale des recetteset des dépenses ont été calculés. Ils sont alternativement les variables exogènes des deuxmodèles. Les estimations sont effectuées à travers un modèle ARDL (Autoregressive DistributedLag) pour capter la dynamique de long terme et de court terme des effets de ladécentralisation sur le taux de croissance.
Résultats : Les résultats de l’étude montrent un impact négatif et significatif de la décentralisationfiscale sur la croissance économique sur le long terme. Par contre, la relation estnon significative sur le court terme.
Originalité/valeur : Ces résultats s’expliquent par le processus de mobilisation des recettesfiscales, au niveau territorial, qui pourrait dépendre du système de décentralisation fiscaleadopté. Ils permettent, en effet, d’appréhender l’importance de la fiscalité territoriale dansle développement des communes et par conséquent sur la croissance économique du pays.Purpose: To evaluate the effects of fiscal decentralization on economic growth in Senegal from 2011 to 2021.
Design/methodology/approach: The fiscal decentralisation indices of revenues and expenditures were calculated. They are alternately the exogenous variables of the two estimated models. Estimates are made using an ARDL (Autoregressive Distributed Lag) model to capture the long-run and short-run dynamics of the effects of decentralisation on the growth rate.
Findings: The results of the study show a significant negative impact of fiscal decentralisation on economic growth in the long term. However, the relationship is not significant in the short term.
Originality/value: These results can be explained by the tax revenue mobilisation process at territorial level, which may depend on the tax decentralisation system adopted. In fact, they enable us to understand the importance of territorial taxation in the development of communes and, consequently, in the economic growth of a country
Determinants of consumer adoption of biometric technologies in mobile financial applications
Full text linkThis study aims to identify what determines the use of biometric technologies in the financial applications of banks and FinTechs. The analysis uses data from a survey of 1,000 adult Polish residents. The estimated logit model indicates that the probability of using biometric solutions decreases with age and increases with the level of education and technological sophistication relating to personal innovativeness, experience with biometric technology, and the use of digital technology in both financial and non-financial areas. The work identifies the COVID-19 pandemic as a factor accelerating the adoption of biometric solutions and fostering awareness of the threat of digital technologies invading respondents’ privacy. The study demonstrates the positive impact of trust that phone manufacturers ensure the security of stored funds and data processing on the acceptance of biometric solutions in financial services. This relationship underpins the recommendation to financial institutions in the field of promoting biometric technologies
Labour productivity in Italian regions: A gravitational model approach
Full text linkThe aim of the paper is to assess the causes of spatial variations in labour productivity of Italian regions using the gravitational model of economic growth. The model is an extension of Robert Solow’s economic growth model. The model parameters are calibrated using historical data and numerical simulations of the long-run equilibrium states of the model are carried out. The scenarios considered in the paper vary in forecast investment rates, employment growth rates and urbanisation rates. Based on the results of numerical simulations, it is claimed that to achieve the full convergence in labour productivity, it is necessary to maintain higher investment rates in the south of the country than in Lombardy (by about 4%–11%), and to keep invest-ment rates in central and northern Italy at a similar level as in Lombardy.
The effect of output on employment in Poland during the COVID-19 pandemic
Full text linkThe COVID-19 pandemic caused a significant decline in output, as well as economic policies aimed at mitigating the negative effects of the pandemic. Both of these factors had an impact on the labour market. This paper investigates changes in employment across groups of workers during the coronavirus pandemic in Poland and the effect of output on these changes. Firstly, it examines changes in employment growth rates across different groups of workers in 2020. Secondly, the paper analyses the impact of the coronavirus crisis on employment by comparing actual and predicted employment growth during the pandemic period (2020). Using Okun’s law, Ordinary Least Squares, and quarterly data, the elasticities of employment growth with respect to GDP growth in the pre-pandemic period (2003–2019) are calculated. These elasticities are then used to estimate projected employment growth during the pandemic. The results suggest that the total employment response to output change was relatively small, compared to the historical pattern. However, the response was unequal across groups of workers. The youngest workers, particularly women, and those with temporary employment contracts were most affected by the pandemic