Fundamental drivers of prosperity in the European Union and Western Balkans countries

Gavrilović, Bilјana Jovanović; Gligorić, Mirjana

doi:10.5937/industrija46-16696

Cited by 2 publications

(1 citation statement)

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“…This view also has empirical support. Previous studies have found that the low quality of institutional framework in Western Balkans transitional countries negatively affects the prosperity of these countries (Jovanović Gavrilović and Gligorić, 2018). Not in the least because of this reason, we are interested in exploring the fragility of the type of moral capital that corresponds to morally elevated interactions, such as judged based on a Christian set of values.…”

Section: Production Function Output (Y)mentioning

confidence: 99%

Moral Capital as an Element of Successful Transitions

Mladjan,

Marković

2023

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Moral capital is of great importance for both the economic and non-economic well-being of a society. However, moral capital is likely to erode during transitions, especially economic ones. The aim of the work is to determine the mechanisms through which the economic and political transition contributes to the erosion of moral capital, but also which measures can affect the rebuilding of moral capital. Analyzing individual cases, especially in Serbia, we draw general conclusions about the impact of economic and political transition on the decline of moral capital in transition countries. In this paper, we argue that the processes put in motion during economic and political transitions that lead to loss of moral capital are likely to result in a new equilibrium state. This state is characterized by the migration of the bearers of moral capital both to the margins of society and out of society and is highly unlikely to be reversed without a focused intervention by the state and society. We further argue that economic theory could both offer a justification for such an intervention and inform on the most effective way to conduct it. This is because the loss of moral capital can be seen as an instance of market failure in transition, one in which parts of the transitional elite are imposing a negative externality on the rest of society. Internalizing this externality -by making the culprits responsible could make the transition more successful; it would benefit justice and prosperity not only in the current economic transition but also in the future restructuring of the national economy and society. We argue that measures to restore moral capital ought to combine monetary transfers, improvement of institutional framework, and immaterial incentives with the aim of initiating processes that could benefit the whole society. Legally required monetary transfers should repair direct damage caused by corrupt actions, but should not benefit any particular individual, while immaterial incentives should be initiated both by the state and the wider society. We found out that activities of transition elites contribute to negative externalities, such as deterioration of moral capital, which results in less social and economic well-being. Additionally, we propose measures which can contribute to the internalization of these externalities.

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Section: Production Function Output (Y)mentioning

confidence: 99%

Moral Capital as an Element of Successful Transitions

Mladjan,

Marković

2023

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Preferences and influence of the value of health in the contemporary Czech population

Pospíšil¹,

Pospíšilová²,

Trochtová³

2020

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This paper presents the research results concerning the preferences of the value of health and whether these preferences are dependent on several social factors: gender, age, population size of the village/town/city the respondents come from, qualification level, occupation and professional orientation, family economic situation, attitudes to the public social care policy, faith in God and attitude towards religion. Research was conducted throughout the entire country using 5,425 respondents, who were asked to fill in a questionnaire. Except for one factor -attitude to the public social care policy -all of the other factors have been recognized as significantly influencing the attitude to the value of health. The results of the research have two main impacts: firstly, they support the values theory according to which we can assume the key role of values in human activity and, secondly, they could have a serious influence on today's healthcare and social care practices, because they influence the motivation of clients and consequently could support or not support the healing process.

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Fundamental drivers of prosperity in the European Union and Western Balkans countries

Cited by 2 publications

References 5 publications

Moral Capital as an Element of Successful Transitions

Moral Capital as an Element of Successful Transitions

Preferences and influence of the value of health in the contemporary Czech population

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