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  • Stocks and Flows in the Cointegration Context 

    Majsterek, Michał (2018-05)
    The paper describes relationships between stocks and flows in the context of cointegration analysis. Long-run and medium-term equilibrium relationships between stocks and flows are considered where stocks are described as ...
  • The Role of Institutions in Determining the Cyclical Behavior of Fiscal Policy 

    Doryń, Wirginia; Mackiewicz, Michał; Wawrzyniak, Dorota (2018-03-29)
    The literature argues that while developed economies conduct countercyclical fiscal policy, developing countries often revert to procyclical fiscal policies. This, in turn, tends to further destabilise their economies ...
  • Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions 

    Grabowski, Daniel; Staszewska-Bystrova, Anna; Winker, Peter (Faculty of Economics and Sociology, 2018-03-08)
    This Article Investigates The Construction Of Skewness-Adjusted Confidence Intervals And Joint Confidence Bands For Impulse Response Functions From Vector Autoregressive Models. Three Different Implementations Of The ...
  • Improved asymptotic analysis of Gaussian QML estimators in spatial models 

    Olejnik, Jakub; Olejnik, Alicja (Faculty of Economics and Sociology, 2017-12)
    This paper presents a fundamentally improved statement on asymptotic behaviour of the well-known Gaussian QML estimator of parameters in high-order mixed regressive/autoregressive spatial model. We generalize the approach ...
  • Regional effectiveness of innovation – leaders and followers of the EU NUTS 0 and NUTS 2 regions 

    Żółtaszek, Agata; Olejnik, Alicja (Faculty of Economics and Sociology, 2017-05)
    Innovation constitutes an important factor for growth in all EU countries. Regions of the EU play a principle role in shaping new innovation trajectories and in bringing out the hidden potential for national growth. However, ...
  • The Heterogeneity of Convergence in Transition Countries 

    Pipień, Mateusz; Roszkowska, Sylwia (Faculty of Economics and Sociology, 2017-04)
    For two groups of post-communist countries (CEE and CIS) we estimated the parameters of convergence equations on the basis of annual data. We depart from standard econometric theory, which involves panel regression ...
  • Economic integration and export complexity: the case of Slovakia 

    Gabrielczak, Piotr; Serwach, Tomasz (Faculty of Economics and Sociology, 2017-02)
    The goal of the article is to evaluate the impact of the European Union (EU) accession on the complexity of goods in Slovak exports. The traditional theories or trade (Ricardian and Heckscher-Ohlin models) show that such ...
  • Patterns of regional inflation persistence in a CEE country. The case of Poland 

    Gajewski, Paweł (Faculty of Economics and Sociology, 2017-02)
    This paper investigates patterns of regional inflation persistence in Poland, a representative CEE country. We first argue that the CEE perspective is relevant in the context of this study due to the recent transitions, ...
  • Does the euro increase the complexity of exported goods? The case of Estonia 

    Gabrielczak, Piotr; Serwach, Tomasz (Faculty of Economics and Sociologyof the University of Lodz, 2017)
    The goal of this article is to assess the impact of the euro adoption on the complexity of goods in Estonian exports. Ricardian and Heckscher-Ohlin models of trade would predict that such a policy decision (seen as an ...
  • The impact of the euro adoption on the complexity of goods in Slovenian exports 

    Gabrielczak, Piotr; Serwach, Tomasz (Faculty of Economics and Sociology of the University of Lodz, 2017-01)
    The aim of this paper is to verify the impact of the euro adoption on the complexity of goods in Slovenian exports. To the best knowledge of the authors, it is the first study on the consequences the elimination of a ...
  • Fiscal sustainability of the Visegrad Group countries in the aftermath of global economic crisis 

    Włodarczyk, Przemysław (Faculty of Economics and Sociology of the University of Lodz, 2017-01)
    The article investigates the sustainability of fiscal policies of the Visegrad Group countries (Poland, Czech Republic, Hungary and Slovakia) in the years 1996- 2015 using statistical and econometric analysis methods. ...
  • What drives export performance of firms in Eastern and Western Poland? 

    Gajewski, Paweł; Tchorek, Grzegorz (Faculty of Economics and Sociology of the University of Lodz, 2017-01)
    We use a unique firm-level survey dataset that draws from the EFIGE (European Firms In Global Economy) questionnaire, to unveil differences in factors driving export performance in structurally most diverse areas of Poland. ...
  • Institutions Without Culture. A Critique of Acemoglu and Robinson's Theory of Economic Development 

    Dzionek-Kozłowska, Joanna; Matera, Rafał (Faculty of Economics and Sociology of the University of Lodz, 2016-08)
    Acemoglu and Robinson’s theory presented in their famous Why Nations Fail, and other papers, should be placed among the institutional theories of economic development. Yet the problem is they strongly differentiate their ...
  • The foreign currency mortgage loans in the Polish banking sector and its possible macroeconomic and political consequences 

    Czerkas, Krzysztof (Faculty of Economics and Sociology of the University of Lodz, 2016-08)
    According to the Polish Banking Supervision (KNF) statistics , banking mortgage loans total 22.4% of the overall assets of the Polish banking credit portfolio as of January 2015 data. Around 15% of those loans might have ...
  • Firm-level productivity and international expansion of firms from the Lodz Voivodeship 

    Gabrielczak, Piotr; Serwach, Tomasz (Faculty of Economics and Sociology of the University of Lodz, 2016)
    The paper investigates the link between firm-level productivity and internationalization (through exports, imports and FDI) in the Lodz Voivodeship, Poland. Two hypotheses have been tested –self-selection and learning ...
  • Spatial econometric approach to western diseases modelling 

    Olejnik, Alicja; Żółtaszek, Agata (Faculty of Economics and Sociology of the University of Lodz, 2016-07)
    For years now, developed countries face an epidemic of high blood pressure, diabetes and high cholesterol, risk factors related to heart and circulatory disease, and a suite of psychological disorders ranging from depression, ...
  • Tale of two cities. A comparative study of relationship between education and economic prosperity 

    Rehman, Sharaf N.; Dzionek-Kozłowska, Joanna (Faculty of Economics and Sociology of the University of Lodz, 2016-07)
    Over the last century, the social function and the role of the universities and other higher education institutions (HEI) changed significantly. What the contemporary students expect to gain due to their university education ...
  • Sources of regional inflation in Poland 

    Gajewski, Pawel (Faculty of Economics and Sociology of the University of Lodz, 2016-07)
    This paper aims at shedding some light on the sources of regional inflation in Poland. More specifically, it investigates the role of external, national and idiosyncratic shocks. In a two-step procedure, we estimate ...
  • Economic Development and the Spread of Diseases of Affluence in EU Regions 

    Żółtaszek, Agata; Olejnik, Alicja (Faculty of Economics and Sociology of the University of Lodz, 2016-07)
    Diseases of affluence (diseases of the XXI c., Western diseases) by definition should have higher prevalence and/or mortality rates in richer and more developed countries than in poorer, underdeveloped states. Therefore, ...
  • Heterogeneity of households and the effects of fiscal policy in CEE countries 

    Krajewski, Piotr (Faculty of Economics and Sociology of the University of Lodz, 2016)
    We analyse the effects of fiscal policy in non-EMU Central and Eastern European counties. The analysis is based on new Keynesian model, which takes into account both optimizing Ricardian households and non-Ricardian ...

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