Cyber Open Repository of the Warsaw School of Economics
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Designing an organisation’s computerisation strategy
Get PDFThe study guides the reder through the complex processes of preparing the basic strategy, understood as focused on taking into account the conditions of developing digital civilization, and then through the preparation processes of computerization strategy consistent with such a basic strategy and strategic plan for implementation of the computerization strategy. It also takes into account requirements of corporate social responsibility.112
Entrepreneurship, Economic Development and Public Policy in the Post-Pandemic World
No full textPeople may perceive vaccines as more or less natural, and it may influence their support
for vaccinations. This paper points out that certain people’s worldviews (i.e., the beliefs
about the world’s orderliness, anthropocentrism, and love and care for nature) may
play a role in this naturalness-based mechanism of vaccination support. Research
questions are formulated to suggest the directions for future research.29-3
On the sources of economic growth, structural consistency of agent-based models and mental-accounting consumer behaviour
Get PDFAn assessment of the sources of growth in agent- and general equilibrium-based models is presented, along a discussion of the strengths and weaknesses of existing approaches to growth modelling. The empirical and theoretical pitfalls of assuming wage-led growth or relying on meta-time market clearing assumptions are underlined. To address these issues, a mental-accounting consumer demand framework is developed, and a method of evaluating macroeconomic structural consistency of agent-based models is devised. It is claimed that structurally consistent agent-based models are as close counterparts of dynamic stochastic general equilibrium models as possible without compromising the assumption of no wage-led growth and while rejecting the meta-time simplification. Using three sectoral agent-based models, it was demonstrated that the variability of spending rates and including two final good sectors guarantee sustainability of growth, albeit at very weak rates due to structural consistency. Furthermore, it was found that including at least two final goods sectors is necessary for preventing collapse and ensuring realistic growth rates in agent-based models in which wage-led growth is forbidden. The main contribution of this paper is identifying the space for demand expansion and the structural inconsistency between demand, incomes, production, and firms’ internal-division-of-funds structures, as the major sources of economic growth.2022/0731-60SGH KAE Working Papers Serie
How do firms respond to demand and supply shocks?
Get PDFThe study aims to identify the granular demand and productivity shocks, their properties, and the responses of the important firm-level variables to these shocks. We use comprehensive data from the Polish enterprise sector that cover the 2002-2019 period. As the data do not include prices, the identification of the demand shocks relies on the information on inventory changes. We utilize the control function approach to estimate the parameters of the production function and to identify productivity shocks. We use projection methods with granular data to identify the dynamic impulse-response function. We show that the distributions of the two shocks differ: i.e., supply (productivity) shocks are symmetrically distributed, and the distribution of demand shocks is negatively skewed. Moreover, both distributions have fat tails. Productivity shocks have much more persistent effect on firms' outcomes than demand shocks. Following demand shocks, there are short-lived increases in output, market share, productivity, real wages and markups; whereas investment and employment demand remain elevated for a longer period. We also find a very limited transmission of productivity into wages and we showed that proxies for prices increase after demand shocks, and they decrease after the supply shock, in a theory-consistent way.2022/0751-25SGH KAE Working Papers Serie
International Journal of China Studies
Get PDFThe article focuses on the innovation divide in the world economy, in which some countries are technological leaders whereas the others are technological followers; however, a continuous innovation convergence has been taking place over the last decades. The aim of the paper is to measure the dynamics of the innovation gap between China and both the USA and the EU, and to identify key factors of China’s success in bridging the gap with the world’s innovation leaders. The analysis indicates the convergence in innovation performance between the analyzed economies, especially when it comes to innovation capability. Key factors contributing to this process are identified and analyzed, in particular: China’s science, technology and innovation policy, increased R&D expenditures, human capital development, and the development of clusters and highly specialized industries.2131–1541
International Journal of Management and Economics
Get PDFThe main aim of the article is to examine how cooperation with research institutions influences technological maturity of enterprises. It is accompanied with the additional aim, which is to assess the role of innovation policy interventions in this process, as captured by the concept of behavioral additionality, which is one of the externalities of public support for R&D. The focus of this article is put on one of the specific types of behavioral additionality—cooperation additionality—which takes place in the situation where public support influences the collaboration behavior of a firm receiving R&D support. The study was conducted with the use of firm-level data collected in a survey on the sample of 464 enterprises operating within national smart specializations in Poland. The results of the research suggest that public funding fosters the cooperation between scientific institutions and enterprises, thus confirms the cooperation additionality.41-135
Have European natural gas prices decoupled from crude oil prices? Evidence from TVP-VAR analysis
Get PDFUnprecedented increases in European natural gas prices observed in late 2021 and early 2022 raise a question about the sources of these events. In this article we investigate this topic using a time-varying parameters structural vector autoregressive model for crude oil, US and European natural gas prices. This flexible framework allows us to measure how disturbances specific to the analyzed markets propagate within the system and how this propagation mechanism evolves in time. Our findings are fourfold. First, we show that oil prices are hardly affected by shocks specific to natural gas markets, whether in the US or Europe. Second, we demonstrate that oil shocks have limited impact on US gas prices, which points to the decoupling of both markets. Third, we evidence that over longer horizons natural gas prices in Europe are still mostly determined by oil shocks, with idiosyncratic shocks leading to short-lived decoupling of both commodity prices. Fourth, we illustrate that along the gradual shift from oil price indexation to gas-on-gas competition, the contribution of idiosyncratic shocks to European natural gas prices has increased. Nonetheless, we discuss why the notion that EU natural gas and crude oil prices have decoupled might be premature.2022/0781-37SGH KAE Working Papers Serie
W kierunku zrównoważonej gospodarki w dobie pandemii
Get PDFPandemia COVID-19 i podjęte przez rządy i organizacje międzynarodowe decyzje i działania w diametralny sposób zmieniły warunki konkurowania w gospodarce światowej. Jedną z kluczowych cech umożliwiających osiągnięcie wysokiej pozycji konkurencyjnej stała się odporność (resiliance) na kryzys, wzrosło również znaczenie zrównoważonego wymiaru konkurencyjności. Te nowe tendencje wyznaczają główny cel badania, którym jest wyznaczenie pozycji konkurencyjnej polskiej gospodarki w dobie pandemii COVID-19, z uwzględnieniem najważniejszych elementów składających się na konkurencyjność zrównoważoną. Cele szczegółowe to:
przedstawienie podstaw teoretycznych zagadnienia konkurencyjności międzynarodowej w dobie kryzysu, ze szczególnym uwzględnieniem znaczenia konkurencyjności zrównoważonej i zagadnienia odporności (resiliance) i podatności (vulnerability) na kryzysy,
określenie zdolności konkurencyjnej Polski, w szczególności ocenę stanu rozwoju poszczególnych czynników konkurencyjności, takich jak: zasoby ziemi i wody, inwestycje, siła robocza, innowacje i rozwój technologiczny oraz instytucje,
wyznaczenie międzynarodowej pozycji konkurencyjnej Polski na tle innych państw członkowskich Unii Europejskiej, z uwzględnieniem konkurencyjności dochodowej, konkurencyjności w handlu zagranicznym oraz konkurencyjności zrównoważonej (uwzględniającej elementy środowiskowe i społeczne).11-216Polska: Raport o Konkurencyjności; 2083-228
Music and business. From gramophone to streaming
No full textw związku z embargo Oficyny WYdawniczej SGH, pełny tekst będzie dostępny w 2023 r.Przedmiotem monografii jest branża fonograficzna, która wraz z rozwojem społeczno-technologicznym ulegała znaczącym przemianom. Autorka stara się zapoznać czytelnika z tymi przemianami i ukazać ewolucyjny, czy nawet rewolucyjny charakter zmian. Nie ulega wątpliwości, że monografia ta stanowi istotny wkład w ogólne badania nad zmianami, jakie wykształciły się w toku rozwoju społeczeństwa post-industrialnego. Branża fonograficzna, w świetle niniejszej publikacji, jawi się niczym papierek lakmusowy zmian i twórczej destrukcji, która przekształca zastany porządek w nowy ład współczesności. Na polskim rynku wydawniczym, jak również na rynku światowym, brak zwartej pozycji która traktowałaby o doniosłych zmianach w branży fonograficznej w tak kompleksowy sposób.
Dr hab. Sławomir Czetwertyński, Uniwersytet Ekonomiczny we Wrocławiu (z recenzji wydawniczej)129
Reconstruction of the Social Cash Transfers System in Poland and Household Well-being : 2015 - 2018 Evidence
Get PDFIn this study, the impact of social benefits on poverty, and economic activity in Poland is examined. In 2016 a huge programme of cash transfers, referred to as Family 500+, was introduced. It was intended to support families with children, especially the poorest ones, and to foster fertility. The impact of the transfers is examined through the observation of changes in monetary and multidimensional poverty following the reconstruction of the social benefits system. Changes in the recipients’ behaviour are also investigated using estimates of regression models and treatment effects. The Family 500+ programme appeared to be successful as an anti-poverty tool and also resulted in average well-being increases for the whole population. However, it was also followed by the reduction of the economic activity of some recipients, especially in 2016 and 2017. The abovementioned trends partly reversed in 2018. As some income data in lower parts of the distribution seem to be flawed, income imputations, based on regression on income correlates, are employed2022/0761-36SGH KAE Working Papers Serie