Poland and the euro: Between lock-in and unfinished transition

Visvizi, Anna; Tokarski, Pawel

doi:10.1556/socec.36.2014.4.1

Cited by 5 publications

(5 citation statements)

References 29 publications

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“…Against the backdrop of our prior research [24,26,27], the relevance and validity of conducting in-depth analysis of the performance of the Polish SMEs was confirmed. In this context, initial desk-research, and pilot study, including a focus group, revealed the necessity to query the evolution of managerial competencies in Polish SMEs.…”

Section: The Assumptions Underpinning This Study the Hypotheses And The Research Modelmentioning

confidence: 55%

“…Indeed, the decomposition of the value added growth suggests that growth in the Polish SMEs was driven mainly by productivity increases (2%), rather than by capital (1.4%) [3]. Overall, however, by 2018, the Polish SMEs sector would record a 5 -year survival rate of nearly 40%, i.e., was just below the EU average [24]. The outbreak of the COVID-19 pandemic marks a watershed for the Polish SMEs' sector even if it would be too early to gauge if the culprit is only the COVID-19 pandemic.…”

Section: General Issuesmentioning

confidence: 99%

“…The evolution of the sector is associated with two turning points in Poland's recent economic history. The first one is related to the twin processes of transition and transformation that begun in 1989 [24][25][26][27], while the second concerns Poland's accession to the European Union (EU) in 2004. The development of the SMEs sector, the number of which increased from 494,000 in 1991 to over 3.3 million in 2001, with an average share in the economic turnover at the level of 99.54%, became the alternative for the Polish economy [28][29][30].…”

Section: General Issuesmentioning

confidence: 99%

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Managerial Competencies & Polish SMEs’ Response to the COVID-19 Pandemic: An Insight

Bodziany¹,

Ścibiorek

Zamiar

et al. 2021

Sustainability

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The COVID-19 pandemic and its implications have had a devastating impact on the business sector worldwide, especially on the SMEs’ sector. By highlighting the evolution, and so the specificity, of the Polish SMEs’ sector, by reference to the concept of learning organization, this paper queried the sources of the Polish SMEs’ unsatisfactory response to the COVID-19 pandemic and its implications. A survey (n = 147) conducted among a sample of Polish SMEs revealed that the Polish SMEs, in general, did not recognize the salience of managerial skills in building their capacity to withstand a crisis. Creating growth opportunities, rather than accumulating and operationalizing their organization’s knowledge, were stressed as the way of navigating challenges. This paper offers an insight into selected factors that influenced Polish SMEs’ sector during the COVID-19 pandemic, and suggests some ways of addressing problems thus identified.

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Section: The Assumptions Underpinning This Study the Hypotheses And The Research Modelmentioning

confidence: 55%

Section: General Issuesmentioning

confidence: 99%

Section: General Issuesmentioning

confidence: 99%

See 1 more Smart Citation

Managerial Competencies & Polish SMEs’ Response to the COVID-19 Pandemic: An Insight

Bodziany¹,

Ścibiorek

Zamiar

et al. 2021

Sustainability

Self Cite

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“…Here, one of the possible avenues of research would focus on transition economies to explore ex post, for instance, the patterns and trajectories of respective economies' growth and development over a certain period of time. If, in addition, these factors were s correlated with the path and milestones of structural reforms and institutionalization of external relations in those counties, this kind of research would certainly add to the otherwise underestimated and underexplored field of the political economy of transformation (Csaba 2005;Visvizi and Tokarski 2014;Visvizi and Żukrowska 2020).…”

Section: Discussionmentioning

confidence: 99%

The VWRCA Index: Measuring a Country’s Comparative Advantage and Specialization in Services. The Case of Poland

Wosiek

Visvizi

2021

Economies

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In the extant body of literature on the servitization of the economy, on the one hand, and determinants of growth and development, on the other, the classic question of revealed comparative advantage (RCA) plays a prominent role. Regardless of the popularity, relevance, and validity of the use of the RCA as a part of multivariate queries on the above topics, this paper argues that the RCA alone offers a rather static insight into a country’s economic performance. Most importantly, the classic take on the RCA does not allow us to query a country’s comparative advantage and degree of specialization in the services sector. By inserting itself in the broader discussion on ways of bypassing the limitations inherent in the classic RCA index, this paper proposes a novel take on the RCA index, i.e., the Visvizi–Wosiek RCA (VWRCA) index, and, subsequently, applies it to the study of the evolution of the services sector in Poland over the period 2010–2019. The added value of the VWRCA index is threefold. (i) By recognizing the increasing role of services in the global economy, it serves as a useful tool in queries aimed at examining the structure of a given economy, the degree of specialization in the production of certain services, and the real revealed comparative advantage a country has in the production of a certain group/category of services. (ii) By focusing solely on services, the VWRCA index allows us to examine the volume and velocity of trade in services independently from the volume of trade in goods. (iii) Due to the resulting methodological accuracy, it enables the inclusion of a temporal dimension in the analysis, which in turn gives cues as to specific developments and the actual performance of a given economy regarding the evolution of the services sector.

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“…Total global investment flows in 2022 and beyond will be affected by macroeconomic shocks set off by the conflict, pandemic, and increased investor uncertainty, threatened the net investment positions of developed and emerging courtiers. Visvizi and Tokarski (2014) showed that the net international investment position is vulnerable to external shocks. "Marshal Plan" for Ukraine was presented on the joint Switzerland-Ukraine Recovery Conference (Ukraine Recovery Conference, 2022) in Lugano on the 4-5th of July and prescribed the huge investment support of Ukrainian after war recovery and sustainable economic Investment Management and Financial Innovations, Volume 19, Issue 3, 2022 http://dx.doi.org/10.21511/imfi.19 (3).2022.06 growth of USD 750 billion (Ukraine Recovery Conference, 2022).…”

Section: Introductionmentioning

confidence: 99%

Forecasting the net investment position based on conventional and ESG stock market indices: The case of Ukraine and Austria

Plastun

Makarenko

Salabura

et al. 2022

Investment Management and Financial Innovations

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This paper examines the relationship between traditional and ESG stock market indices and the net international investment position for the case of Austria and Ukraine. For these purposes, the following methods are used: variance analysis, ANOVA analysis, correlation analysis, VAR analysis, R/S analysis, and Granger causality test. According to the results, ESG indices are less volatile than conventional ones. Based on the correlation analysis, it is concluded that there is a significant direct connection between ESG indices and their traditional counterparts (0.98 for Austria and 0.68 for Ukraine). A substantial level of persistence in Austria’s investment position indicates the possibility of using autoregression models for forecasting. The results of the net investment position modelling for the case of Austria showed a statistically significant impact of stock market indices on the net investment position. But for the case of Ukraine, this impact is insignificant. This is indirect evidence in favor of poor performance of the Ukrainian stock market. Further development of Ukrainian stock market is required, because Austrian experience showed that stock market can be used as a transmission mechanism in boosting investment position both within conventional approach and ESG. Acknowledgment Alex Plastun, Mario Situm, Inna Makarenko, and Yulia Serpeninova gratefully acknowledge support from Ministry of Education and Science of Ukraine (0122U002659).

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Poland and the euro: Between lock-in and unfinished transition

Cited by 5 publications

References 29 publications

Managerial Competencies & Polish SMEs’ Response to the COVID-19 Pandemic: An Insight

Managerial Competencies & Polish SMEs’ Response to the COVID-19 Pandemic: An Insight

The VWRCA Index: Measuring a Country’s Comparative Advantage and Specialization in Services. The Case of Poland

Forecasting the net investment position based on conventional and ESG stock market indices: The case of Ukraine and Austria

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