Two successful projects of research teams from the Institute of Economic Research out of total 6 successful projects from Academy of Sciences in the field "Social Sciences"
National grant agency APVV will finance research in two projects conducted at our Institute. The agency registered hundred applications in general call VV2015 in the area "Social Sciences", out of them six projects from Slovak Academy of Sciences were successful, of which two projects were submitted by researchers from our Institute and will be performed in Institute of Economic Research.
APVV-15-0666 Capital Flight and its Impact on the Slovak Economy
APVV-15-0722 Social trap – costs and the way out
APVV-15-0666
Capital Flight and its Impact on the Slovak Economy
In the context of liberalization of global capital mobility, sophisticated world financial systems and expansion of information and communication technology, capital flight appears to be of the main botllenecks not only for developing but also for advanced economies as well. This trend has been worsening during and in the aftermath of the global economic and financial crisis. White estimates on the size of capital ex ist for some developing countries (Global Financial Integrity, World Bank), there is almost none when it comes to advanced countries including Slovakia. The proposed project will contribute in advancing the underlined topic to a new level in three ways. The first contribution of the project is in modifying existing methods to estimate the size of capital flight from Slovakia and EU member states. The major added value of the project is the introduction of new models that have not been used so far to estimate the size of capital flight (input-output model, flow of funds analysis, and network analysis). Furthermore, the project will identify and quantify the acroeconornic factors (determinants) that provoke capital flight (using logit model, cointegration, Granger ausality, VAR and VECM models). Thirdly, the project will estimate the macroeconomíc consequences of capital flight for the Slovak economy and other EU member states using growth models. Lastly, the project aims to offer a macroeconomic framework of understanding the phenomena of capital flight in the era of relatively free global capital mobility across countires and sumarized some policy ecommendations to curb if not eliminate the size of capital flight from Slovakia and EU member states.
APVV-15-0722
Social trap - costs and the way out
Social trap, preference of short term individual benefits over long term or societal, decreases long term product of the economy and social peace. These negative consequences are greatly visible in marginalized Roma communities, which is the main focus of this project. This interdisciplinary and interdepartmental project combines qualitative analysis and field studies with quantitative analysis on hard micro and macro data. Oualitative analysis will be made in locations with larger marginalized Roma communities and will focus on monetary as well as non-monetary aspect of social trap. Microdata analysis will be based on data by Social insurance company and by Central office of labour, social affairs and family. Ouantitative macro analysis will be based on Atlas of Roma communities and aggregated microdata. The outputs will contain concrete recommendations as well as quantification of fiscal and economic impacts. As this is applied research project, we continue basie research projects done by the research team in the past andthus use their outputs for practice. The outputs of the project will be consulted with people from active work with marginalized communities and representatives of customers, which will be curatorium of the project. Projecťs outputs will be mainly used Slovak realities, however they will also have impact in European scope as recommendations or best practices.
(Logos APVV - Source: www.apvv.sk)