Číslo 5 - Ročník 69/2021
Do Active Labor Market Policies Increase the Subjective Well-being of the Unemployed? Evidence from OECD Countries
Strana 447, Číslo 5 - Ročník 69/2021
The employment policies, whether preventive (Active) or curative (Passive), arouse the interest of policy makers in the OECD countries. These policies are mainly concerned with the economy of labor market, but they are not detachable from the reference to the health economy in its social and psychological dimension. Using different estimates (OLS, FE, GMM system), we found evidence that Active Labor Market Policies (ALMPs) have the strongest impact on the subjective well-being of the unemployed. Examination of the different types of ALMP reveals heterogeneity; programs of incentive employment, start-up incentives and training have been most effective in improving the well-being of the unemployed compared to those of direct job creation and supported employment and rehabilitation. Then, we propose some policy recommendations by emphasizing the disposition of the subjective well-being approach in the design, implementation and evaluation of ALMPs.
COVID-19 and the Stock Markets: A Glance at the Initial Effects of the Pandemic
Strana 472, Číslo 5 - Ročník 69/2021
The COVID-19 pandemic and consequent economic lockdown have triggered unprecedented economic uncertainty. The financial markets responded instantly, pricing in the uncertainty boom. This paper assesses the impact of anti-COVID social distancing measures on stock markets across the globe. Analyzing 60 world economies in a panel vector autoregression framework, we find that the stringency of social distancing interventions has a negative effect on market returns, but its character is strictly transitory and it fades away within 7 days. The magnitude of the pandemic in terms of recorded disease cases and deaths reveal a very similar pattern, causing a significant, but short-lived decline of stock prices. Our estimates reveal a considerable asymmetry in the identified interrelationships. Less developed markets seem to respond to the economic lockdown more intensively than highly developed economies.
States of the Former Yugoslavia – A Different Look at Convergence with the EU Core
Strana 494, Číslo 5 - Ročník 69/2021
The feud between the leaderships of the republics of the Yugoslav federation was portrayed as mostly about development, with some political elites making explicit claims that living standards would catch up with Western Europe after independence and transition. A quarter of a century later, it seems appropriate to see how these former republics have fared in terms of GDP per capita con-vergence with the EU core countries, defined as the EU member states before the enlargement of 2004. Bearing in mind the deep structural and historical discontinuities, the data set was divided into two sub-periods (‘socialist’ and ‘transition to market economy’). The panel unit root and club convergence approaches were used for both sub-periods The results suggest that during the ‘socialist ’period, a larger part of the Yugoslav federation was converging to the EU core than following the breakup of the country and the transition to a market economy.
Measuring the Influence of Environmental Policy on Economic Development of the Countries: EU-28 Scope
Strana 516, Číslo 5 - Ročník 69/2021
In current paper, we have researched the influence of environmental policy stringency (EPS) on economic development of the EU-28. The problem of identifying the influence of stringency of environmental policy (EP) on economic development of the EU-28 is that currently there is no well-established understanding of what economic results can be achieved depending on the extent of EPS within a separate country. The paper aims at making contribution to theoretical, empirical and political scopes of perception of EP as an independent factor of economic development of the EU-28. The results of research indicate that EPS is significant factor of economic development of the EU countries.
Atypical Forms of Employment in SMEs: Case Study of Nitra Region
Strana 534, Číslo 5 - Ročník 69/2021
Základným cieľom výskumu sa považuje zmapovanie foriem zamestnanosti v MSP v Nitrianskom kraji s osobitným zreteľom na tzv. atypické formy zamestnania, ktoré poskytujú nové možnosti pre malé a stredné podniky, zavádzajú možnosť znížiť náklady na sociálne príspevky. Na zber údajov sa použil dotazník, z celkového počtu 513 náhodne vybraných a oslovených MSP, pre analýzu údajov slúžilo 320 kompletne vyplnených dotazníkov. Zber údajov sa uskutočnil v prvej polovici roku 2017. Atypické formy zamestnania sa uplatňujú nielen v podnikoch pôsobiacich v poľnohospodárstve, ale aj v iných odvetviach hospodárstva. Mikropodniky využívajú atypické formy zamestnania najmä pokiaľ ide o ich aktívnu pracovnú silu, čo nie je prekvapujúce, keď sa vezmú do úvahy všeobecné charakteristiky podnikov zaradených do tejto skupiny.