Competitiveness and Economic Development in Europe Prospects and Challenges

TABLE OF CONTENTS

List of Figures

List of Tables

Editors and Contributors

Preface

PART I.
dETERMINANTS of competetiveness, economic growth and development

Chapter1. The Linkage between Entrepreneurship, Competitiveness, Innovativeness and Economic Growth – Theoretical Approach S. I. Bukowski, A. Hyz

Introduction

Conceptualization of the entrepreneurship

Measuring Entrepreneurship

Entrepreneurship, Innovativeness, Competitiveness of Economy and Economic Growth – Macroeconomic Opportunities

Conclusions

References

Chapter 2. Total Factor Productivity and Patents: an Ambivalent Link M. Baudry, B.　Dumont

Introduction

Market failures and the need for an innovation policy

The controversial emergence of patents in economic history

Measuring inventive capacity with patents

TFP measurement and cointegration test of its link with patents

Conclusion

References

Chapter 3. The Mediating Role of Institutions on the Distributive Effects of　Financial Development C. Perugini, I. Tekin

Introduction and conceptual underpinnings

Data and methods

Data

Empirical models and methods

Results

Final remarks

References

Chapter 4. Influence of Effectiveness of the European Central Bank’s Monetary Policy on the EUR/USD Rate of Exchange in 1999-2019 J. Bukowska

Research

The Method and Statistical Data

Results of Model Estimation

Conclusion

References

Chapter 5. Development of Stock Markets in Selected Countries in the 21^st Century Ł.□Zięba

Introduction

Literature Review

Data and Model

Results of the Model Estimation

Conclusion

References

Chapter 6. Output Gap Measurement: How Sensitive Are the European Commission’s Estimates for the Greek Economy? Ch. Axioglou

Introduction

Review of the European Commission’s Methodology

Sensitivity to Output Elasticity of Labour

Sensitivity to TFP

Sensitivity to NAWRU

Sensitivity to other adjustments and the effect of Capital Non-smoothing

Conclusions

References

Chapter 7. Personal Income Tax Progressivity and Output Volatility in Poland K.　Kalinowska

Introduction

Literature Review

Stabilizing effects of PIT and Social Security Contributions in Poland in 2000-2008 and 2008-1015 – results of empirical research

Statistical data and model

Estimation results

Impact of tax progressivity on output stabilization in Poland

Conclusions

References

PART II
competetiveness of ECONOMIES

Chapter 8. The Evolution of the Real Weighted Exchange Rate and its Impact on Greek Export Performance A. Hyz, G. Gikas

Introduction

Eurozone and less developed countries

The competitiveness of the Greek economy

Conclusions

References

Chapter 9. Poland on the Path of Competitiveness Growth M. Gorynia, A. Matysek-Jędrych, E. Mińska-Struzik

Introduction

The socialist economy and a marginal position of Poland in the world economy

Polish economic reforms restoring and building a market economy

Reforms’ results and the international competitiveness of the Polish economy

Active internationalization of the Polish economy

Passive internationalization of the Polish economy

Conclusions, perspectives, and future research directions

References

Chapter 10. International Competitiveness and the Impact of Globalisation and Technology on Economic Growth and Welfare R. Gowers

Introduction

Competition Policy

Conclusion

References

Chapter 11. Competitiveness in Developing Countries in the Age of Industry 4.0:　The Case of Turkey S.Acar, T. Subasat

Introduction

Industry 4.0

Industry 4.0 and developing countries

Empirical study

Conclusions

References

Chapter 12. Digital Competitiveness of the European Union vs. USA and China: Assessment and Implications I. Młynarzewska – Borowiec

Introduction

Conceptual framework and measurement of digital competitiveness

"Input" (ex- ante) digital competitiveness of the European Union in relation to the US and China

The "outcome" digital competitiveness of the European Union in relation to the US and China

Conclusion

References

Chapter 13. Macro-financial Linkages in the Polish Economy P. Wdowiński

Introduction

Macroprudential policy

Vector autoregressive models

Introduction

Linear VAR model

Identification

Threshold VAR model

Impulse response functions

Empirical analysis

Introduction

Assumptions of models

Data

SVAR model

Threshold SVAR model

Conclusions

References

Appendix

PART III
competetiveness and development of the economy sectors

Chapter 14. Information Policies of Central Banks and Asymmetry of Information in Financial Markets G. Olszewska

Introduction

Information and knowledge, information noise

Asymmetry of information in the financial market

Information policies of central banks

Conclusion

References

Chapter 15. Competition in the Polish Non-life Insurance Market K. Ortyński, M. Pypeć

Introduction

Literature Review

Methodology and data

The Panzar-Rosse model

Econometric form of the Panzar-Rosse model

Data selection and descriptive statistics

Estimation and Results

Conclusions

References

Chapter 16. Corporate Social Responsibility (CSR) and Financial Results of Insurance Companies S. I. Bukowski, M. Lament

Introduction

Literature review

Data

Results of model estimation

Conclusion

References

Chapter 17. CSR Reporting as a Factor of Insurance Companies' Competitive Advantage S. I. Bukowski, M. Lament

Introduction

Literature review

Model and data

Result of model estimation

Conclusion

References

Chapter 18. Competitiveness of Slovakia as a Destination in the International Tourism Market V. Maráková

Introduction

Destination Competitiveness Models

Aim and material

Results and Discussion

Competitiveness of Slovakia on International Tourism Market (macro economical view)

Competitiveness of tourism destinations in Slovakia

Conclusion

References

Chapter 19. Competitive Development: the Case Study of "Airbnb" and its Impact on the Tourism Economy F. Tatsi, K. Karamanis

Introduction

Impact of Airbnb in the tourism economy

Airbnb & hospitality

Conclusions

References

Chapter 20. Competitiveness and Challenges for Greek Civil Servants after the Crisis M.　Th. Papailias

Introduction

Austerity packages and structural reforms

Employees in the public and wider public sector

Training Programs

National Centre for Public Administration and Local Government (EKDDA)

Statistical data

Inadequate education

Conclusion

References

PART Iv
competetiveness and development of enterprises

Chapter 21. Changes, Evolution, Revolution and Adaptation of Enterprise Business Models: Theoretical Implications B. Nogalski, A. Szpitter, A. Jabłoński, M. Jabłoński

Introduction

The business model of enterprises as a key determinant and platform for creating and deriving new values from global structural changes

Managing strategic change by creating unique business models of enterprises

Mechanisms for managing the variability of business models and market dynamics

Summary

References

Chapter 22. Changes, Evolution, and Adaptation of the Business Model of Polish Service Enterprises – Results B. Nogalski, A. Szpitter, A. Jabłoński, M. Jabłoński

Introduction

The company business model used before the strategic change

The scope and methodology of scientific research

Results of scientific research

References

Chapter 23. Corporate Governance as Dynamic System: the Growing Role of Boards in Strategic Decision-making Processes (the Case of Poland) J. Jeżak

Introduction

Literature review – the role of the board theoretical assumptions and empirical evidence

The own research results

Conclusion

References

Chapter 24. The Concept of Corporate Social Responsibility as a Source of an Enterprise’s Competitive Advantage A. Wolak-Tuzimek, J. Duda

Introduction

Competitive advantage of an enterprise – literature review

Methods

Results

Conclusion

References

Chapter 25. The Impact of the Integrated Management System ERP on Building Competitive Advantage of Enterprises R. Luft

Introduction

Evolution of IT systems

Methods

Results

Conclusion

References

Index

　

Biography

Sławomir I. Bukowski is Full Professor of Economics and Finance at Kazimierz Pulaski University of Technology and Humanities, Poland.

Alina Hyz is Professor of Business Administration at the University of West Attica, Greece.

Marzanna B. Lament is an Associate Professor at the Department of Finance and Insurance, Kazimierz Pułaski University of Technology and Humanities, Poland.

"In the new economic, social, legal and technological environment that has been developed in recent years, as well as in the period after the recent economic crisis, it is critical to define, assess and implement new pathways to competitiveness and economic development. This book analyzes the new system of production, technological, commercial, financial and institutional environment with the aim of　a proportional division of benefits and costs of economic growth. The　international research team under the direction of prof. Sławomir Bukowski, prof. Alina Hyz and prof. Marzanna Lament make an original and valuable attempt to present important problems in the field of economic sciences. It is not without reason that the editors at the end of the introduction express their hope that the book will revive the so needed debate on the future of the European economy." — Mario Nicoliello, researcher in Business Administration at University of Pisa, Italy.

"The process of economic growth and the sources of differences in economic performance across nations are some of the most interesting, important, and challenging areas in modern social science. The authors analyze the theoretical problems of different aspects of competitiveness and economic development. They use case studies from different countries to prove, support, or reject existing theories and propose new solutions.　The book provides an original and valuable contribution to the researches and literature.　A unique, interdisciplinary approach to the discussed problems makes　this book fascinating not only for professionals but also for everyone interested in the future of the rapidly changing world." — Prof. Haris Naxakis, Department of Accounting and Finance, University of Ioannina, Greece

"In Competitiveness and Economic Development in Europe: Prospects and Challenges, an international group of authors explore and assess the key European Commission strategy to raise competitiveness, and so deliver higher employment, productivity, and social cohesion. Their success in identifying the main prospects for and challenges to European competitiveness is significantly due to their multi-level approach to the problem, combining macro, sectoral and micro analyses." — Peter Kristofik, Dean of the Faculty of Economics, Matej Bel University in Banska Bystrica, Slovakia