20 research outputs found

    Fiscal Discipline and Social Capital: Evidence from Europe during the Last Economic Crisis and Recovery

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    The purpose of the current paper is to investigate the possible relationship between fiscal discipline and social capital in EU member states during the last economic crisis and recovery, along with the assessment of the initial welfare effects of fiscal stimulus measures. Preliminary results show that institutional trust and general trust as social capital indicators associate positively with the extent of fiscal stimulus, while governance indicators show negative correlations. However, the significance of these results is relatively low and the subject needs thus further investigation. Further, it appeared that fiscal stimulus had weak positive effect on short-term recovery of GDP and employment, but not on medium-term GDP growth potential

    Arengu├Âkonoomika

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    http://tartu.ester.ee/record=b1212151~S1*es

    Majandus├Ápetus

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    ├Ľppeprotsess on ├╝les ehitatud vastavalt g├╝mnaasiumi riiklikus ├Áppekavas (VV m├Ą├Ąrus nr. 2, 06.01.2011, lisa 10) esitatud majandus├Ápetuse aine teemadele. E-kursuse ├╝lesehitus ja teemade k├Ąsitlus on ├╝htlustatud g├╝mnaasiumi ettev├Átlus├Ápetuse kursusega (aine P2TP.TK.056) selliselt, et nad koos moodustavad ├╝htse terviku g├╝mnaasiumi valikaine "Majandus- ja ettev├Átlus├Ápe" ├Áppimiseks.BeSt programmi toetusel loodud e-kursuse "Majandus├Ápetus" ├Áppematerjalid

    Sissejuhatus majandusteooriasse

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    Kopeerimine ja printimine lubatudhttp://www.ester.ee/record=b2073058*es

    Sotsiaalkapital, selle allikad ja seosed majanduskasvuga: L├Ą├Ąne-Euroopa riikide ning Kesk- ja Ida-Euroopa riikide v├Árdlus

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    The aim of this dissertation was to identify the similarities and differences between Western European (WE) and Central and Eastern European (CEE) countries concerning the composition, determinants and economic effects of social capital. The actuality of the topic is related to the growing awareness of the importance of social context and intangible assets in the process of economic development. Analysing the determinants and economic effects of social capital concurrently in the same study enables to propose the policies that support the accumulation of those forms of social capital that are beneficial to economic growth. The research confirmed that social capital is a multidimensional concept which is empirically stable in different countries. It was proved that different components of social capital have different sources, which can additionally differ in different country groups and different levels of analysis. The social capital components with the most widespread effect on economic growth, including both direct and indirect influence channels, were helping, political activity and social norms. The direct effect of social capital on economic growth and human capital appeared to be different in WE and CEE countries, while indirect effect through investments was rather similar. The main theoretical contribution of this dissertation lies in creating an integrated framework that connects social capital components simultaneously with their determinants and economic effects. This framework was implemented for investigating the similarities and differences in social capital between WE and CEE countries. In terms of empirical contribution, the results in this dissertation support some previous findings, but provide also new knowledge on the topic in the substantially extended framework.├ťha enam teadvustatakse, et inimese osa majanduses ei piirdu vaid f├╝├╝silist kapitali vahendava t├Â├Âj├Áu ja oskusteabe kandja rolliga, vaid et majandusprotsesside toimimist m├Ájutavad ka inimeste sotsiaalsed suhted ├╝hiskonnas. ├ťldistatult t├Ąhistatakse terminiga ÔÇ×sotsiaalkapitalÔÇŁ sotsiaalseid v├Árgustikke ja neis tekkivat ning levivat vastastikkust usaldust, ├╝hiseid norme ja v├Ą├Ąrtushinnanguid, mis soodustavad koost├Â├Âd ning v├Áimaldavad saavutada k├Árgemat heaolutaset nii indiviidi, grupi kui ├╝hiskonna tasandil. K├Ąesoleva doktorit├Â├ eesm├Ąrgiks oli v├Ąlja selgitada L├Ą├Ąne-Euroopa (LE) ning Kesk- ja Ida-Euroopa (KIE) riikide sarnasused ja erinevused sotsiaalkapitali struktuuris ja allikates ning m├Ájus majanduskasvule. Empiirilise anal├╝├╝si tulemusena selgus, et kuigi sotsiaalkapitali struktuur on KIE ja LE riikides ├╝hesugune, on selle erinevate komponentide tasemed ja suhteline olulisus vaadeldud riikide gruppides erinevad. Sotsiaalkapitali allikate anal├╝├╝s t├Ái esile nii sarnasusi kui erinevusi riikide gruppides ja anal├╝├╝sitasandite l├Áikes. Ilmnes, et sotsiaalkapitali m├Áju majanduskasvule ÔÇô nii otsene kui kaudne ÔÇô toimib peamiselt sotsiaalsete normide ja poliitilise aktiivsuse kaudu. Nende komponentide otsene m├Áju majanduskasvule ja inimkapitalile oli LE ja KIE riikides erinev, kuid investeeringuid m├Ájutas sotsiaalkapital m├Álemas riikide grupis sarnaselt. T├Â├Âs loodud ├╝htne anal├╝├╝siraamistik sotsiaalkapitali allikate ja majanduslike m├Ájude uurimiseks v├Áimaldab kujunevate seosahelate alusel anda poliitikasoovitusi eelistatud arengueesm├Ąrkide paremaks saavutamiseks. Empiiriline anal├╝├╝s t├Ąiendab varasemaid uuringuid eelk├Áige uute esilekerkinud vastuoludega, mis tulenevad KIE ja LE riikide erinevustest ning sunnivad edaspidistes uuringutes t├Ąhelepanelikumalt j├Ąlgima sotsiaalkapitali m├Ájude v├Áimalikke erinevusi erineva taustaga riikides

    Socialinio kapitalo ─»taka ekonomikos pl─Śtrai pereinamosios ekonomikos ┼íalyse

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    Current interest in the concept of social capital in the field of economic development stems from the limitations of prevailing economic approach toward the achievement of the basic developmental goals - sustained growth, equity, and democracy. The purpose of the current study is to analyse the effects of social capital and related institutional factors on the development process. Both theoretical and empirical findings suggest that these effects could be different in transition countries, compared to mature market economies.Straipsnio tikslas - i┼íanalizuoti socialinio kapitalo ir kai kuri┼│ institucini┼│ veiksni┼│ ─»tak─ů ekonomikos pl─Śtrai. Socialinis kapitalas traktuojamas kaip itin svarbus pilietin─Śs visuomen─Śs gyvybingumui. Gyvybingoje visuomen─Śje turi vykti nuolatinis valstyb─Śs ir jos pilie─Źi┼│ dialogas ir bendradarbiavimas. Straipsnyje akcentuojami socialinio kapitalo procesai Europos pokomunistin─Śse valstyb─Śse.Pirmojoje straipsnio dalyje nagrin─Śjama socialinio kapitalo samprata ir pagrindiniai jo komponentai sociolog┼│, politik┼│ ir ekonomist┼│ vertinimu. Antrojoje analizuojami alternatyv┼źs kanalai, per kuriuos ─»vair┼źs socialinio kapitalo elementai gali daryti ─»tak─ů visuomen─Śs raidai. Tre─Źioje dalyje, remintis ─»vairi┼│ autori┼│ empiriniais tyrimais, ie┼íkoma atsakymo ─» klausim─ů, kod─Śl teoriniai priklausomyb─Śs tarp socialinio kapitalo ir visuomen─Śs raidos teiginiai neatitinka pokomunistini┼│ ┼íali┼│ tendencij┼│

    The dynamics and determinants of social capital in the European Union and neighbouring countries. Summary: Sotsiaalkapitali d├╝naamika ja determinandid: EL vanade ja uute liikmesriikide ning nende naaberriikide v├Árdlus

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    This empirical study investigates the dynamics and the determinants of social capital in Europe over the period 1990-2008, using empirical data from EVS. Methodologically, factor analysis and regression analysis are implemented. The analysis covers 20 Western-European countries, 10 new member states and 15 EU neighbouring countries. Comparison of the levels of social capital showed that, with few exceptions, the levels of social capital are lower in Eastern Europe as compared to the old member states in Western Europe. Regression results of the determinants of social capital showed that most influential factors of social capital are education and satisfaction with democracy. It follows that investments in educational system and improving democratization processes could increase the level of social capital as an important factor of economic development

    The effect of social capital on investments: evidence from Europe. Sotsiaalkapitali m├Áju investeeringutele Euroopa riikide n├Ąitel

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    The purpose of the current paper is to investigate empirically the effect of social capital on investments as a key production factor. Theoretically, investments are expected to be higher in societies where there is more social capital between economic agents. Based on the data from World Values Survey, ten components of social capital are considered as factors of investments. Although the regression results are rather mixed, it can be generalised that components related to trust and norms dominate as predictors of overall investment activity, while networks have some effect only for foreign investments. Additionally, it appeared that the relationship between social capital and investments is similar in democratic Western European countries and Central and Eastern European countries with communist backgroun

    The effect of social capital on investments: evidence from Europe. Sotsiaalkapitali m├Áju investeeringutele Euroopa riikide n├Ąitel

    No full text
    The purpose of the current paper is to investigate empirically the effect of social capital on investments as a key production factor. Theoretically, investments are expected to be higher in societies where there is more social capital between economic agents. Based on the data from World Values Survey, ten components of social capital are considered as factors of investments. Although the regression results are rather mixed, it can be generalised that components related to trust and norms dominate as predictors of overall investment activity, while networks have some effect only for foreign investments. Additionally, it appeared that the relationship between social capital and investments is similar in democratic Western European countries and Central and Eastern European countries with communist backgroun
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