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Catalog Publications
Year 2019
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Exchange-Traded Funds in Europe
PublicationExchange-Traded Funds in Europe provides a single point of reference on a diverse set of regional ETF markets, illuminating the roles ETFs can play in risk mitigation and speculation. Combining empirical data with models and case studies, the authors use diffusion models and panel/country-specific regressions—as well as graphical and descriptive analyses— to show how ETFs are more than conventional, passive investments. With new...
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Global Value Chains and Wages: Multi-Country Evidence from Linked Worker-Industry Data
PublicationThis paper uses a multi-country microeconomic setting to contribute to the literature on the nexus between production fragmentation and wages. Exploiting a rich dataset on over 110,000 workers from nine Eastern and Western European countries and the United States, we study the relationship between individual workers’ wages and industry ties into global value chains (GVCs). We find an inverse (but weak) relationship between the...
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ICT-driven economic and financial development. Analyses of European countries
PublicationICT-Driven Economic and Financial Development: Analyses of European Countries demonstrates the effects of ICT diffusion on economic, social and financial development by examining their impact on the structure and dynamics of national economies. It provides the insight into shifts observed in labour markets, international trade activities productivity factors, education and use of innovative financial products. It combines empirical...
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Internationalization patterns of Polish family high-tech firms
PublicationThe objective of the article is to explore internationalisation patterns of family high-tech firms, especially their internationalisation motives, intensity, speed, and entry modes. The empirical part adopts a quantitative approach. The results of the survey are presented on the sample of 263 high-tech production firms from Poland, including 101 family firms. The survey was conducted in all 16 Polish regions. The calculations from...
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Is Germany a Hub of ‘Factory Europe’ for CEE Countries?
PublicationThe goal of the paper is to decompose gross exports and imports to/from Germany for seven selected economies in Central and Eastern Europe (CEE): the Czech Republic, Estonia, Hungary, Lithuania, Latvia, Poland and Slovakia for 2000 and 2014, in order to identify the role of Germany in absorbing, reflecting and redirecting CEE trade. The authors use a gross trade decomposition proposed by Bonin and Mancini (2017), which is the extended...
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Mutual Attraction: Siemens Activities in Italy 1855-1968
PublicationThe chapter deals with Siemens investments in Italy between 1855 and 1968. The contribution shows how the two war influenced the strategies of the company
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New technologies and diffusion of innovative financial products: Evidence on exchange-traded funds in selected emerging and developed economies
PublicationExchange-traded funds (ETFs) are one of the most rapidly-expanding categories of innovative financial products that have been introduced on many financial markets, in both emerging and developed economies. Our research contributes to the present state of knowledge by examining factors, including information and communication technologies (ICTs), influencing the diffusion of ETFs. In our research, we consider also the impact of...
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Principles of Corporate Governance
PublicationThe book places ownership at the centre of all relevant choices that the conpany makes: in particular it adresses the problem of governance from the perspective of owenership. The second part of the book analyzes in a number of coutries economic systens, caputakism models, dfferent economic cultures, and their role in defining the type of corporate governance that has emerged
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STILL ‘FEW, SLOW AND LOW’? ON THE FEMALE DIMENSION OF TECHNOLOGY, LABOUR MARKETS AND ECONOMIC ACTIVITY: EVIDENCE FOR THE PERIOD OF 1990-2017
PublicationThe known in empirical economics question ‘Why so Few? Why so Slow? Why so Low?’ refers here to the persistently small number of women involved in innovative activities, the slowness of change in the inequalities between women and men in these fields, and women’s continuing lower rank in business and academic positions. In developing countries, women`s labour and entrepreneurial activity remains an ‘untapped resource’ for economic...
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Sustainable investing exchange-traded funds: US and European market
PublicationThe key aim of the paper is to examine the diffusion of the sustainable investing exchange-traded funds (ETFs) on the European and US ETFs markets, with the special focus on the market shares of sustainable investing and conventional funds. The model of diffusion of innovation (logistic growth model) is applied. Monthly data on the assets of ETFs in the time period of 2006-2017 are used. Increasing assets of sustainable investing...
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The Emergence of ETFs in Asia-Pacific
PublicationThe major objective of this book is to contribute to the present state of knowledge by exploring empirical links between the processes of diffusion of financial innovations— exchange-traded funds—and growing deployment of ICT across Asia-Pacific countries, between 2004 and 2017. We examine the evolutionary patterns of ETFs on selected Asia-Pacific stock exchanges and verify the hypothesized relationship between increasing ICT penetration...
Year 2018
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Assessment of TFP in European and American higher education institutions – application of Malmquist indices
PublicationIn this study we apply Malmquist methodology, based on the estimation of distance measures through Data Envelopment Analysis (DEA), to a sample of 500 universities (in 10 European countries and the U.S.) over the period 2000 to 2010 in order to assess and compare their productivity. On average, a rise in TFP is registered for the whole European sample (strongest for Dutch and Italian HEIs), while the productivity of American HEIs...
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"Born Poland, Gone Global". The case of successful Polish ICT company - Aiton Caldwell
PublicationThis work examines the pathway to global markets of Polish ICT company Aiton Caldwell
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CEE Trade in Services: Value-Added Versus Gross Terms Approaches
PublicationThis article assesses the impact of the determinants of service exports in both value-added terms and gross terms for seven Central Eastern European economies in 1995–2011. The results confirm the importance of increasing labor productivity and highly skilled and medium-skilled workers in the growth of trade in services. Exports of services are also supported by linkages between domestic services, especially business services,...
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Determinants of trade balance in Polish and Czech manufacturing sectors
PublicationResearch background: A strong industrial base is essential for achieving long-term sustainable economic growth and export competitiveness. In that sense, manufacturing remains a significant contributor to exports in the CEE countries. However, its role and its influence vary between CEE economies and change over time. Purpose of the article: The main objective of this paper is to compare the determinants of the international competitiveness,...
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Efektywność szkół wyższych w Polsce na tle uczelni europejskich – analiza dla dziewiętnastu krajów
PublicationW artykule przeprowadzono analizę empiryczną efektywności szkół wyższych wraz z estymacją czynników ją determinujących. Próba badawcza składa się z uczelni z 19-tu krajów europejskich i obejmuje dane dla lat 2011-2014. Na podstawie nieparametrycznej metody DEA oszacowano wskaźniki efektywności gdzie za nakłady przyjęto: wartość przychodów i liczbę nauczycieli akademickich. W wynikach działalności uczelni ujęto liczbę absolwentów...
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Exchange-traded products in Germany: development and substitution of exchange-traded funds, exchange-traded commodities and exchange-traded notes.
PublicationResearch background: Exchange-traded products (ETPs) are one of the most rapidly growing categories of financial products. Their fast development has been boosted by innovative features. Three main categories of ETPs are exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and exchange-traded notes (ETNs). ETCs and ETNs remain least known, even though their number on some stock exchanges is high. In Europe, Germany...
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Export diversification and economic development: A dynamic spatial data analysis
PublicationThis paper contributes to the empirical literature on the relationship between “export variety” (export diversification) and economic development by relaxing the assumption of cross-country independence and allowing for spatial diffusion of shocks in observed and unobserved factors. Export variety is measured for a balanced panel of 114 countries (1992–2012) using very detailed information on their exports (HS 6-digit product level)....
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GROWTH AND STRUCTURAL CHANGES IN TRANSITION COUNTRIES: THE CHICKEN OR THE EGG?
PublicationThe objective of this study is to test empirically the relationship between structural changes (changes in gross value added and employment) and economic growth. We used a panel Granger-causality analysis based on annual data for eight transition countries, covering the period 1995–2011. The main finding is that the causality relations analysed are heterogeneous processes and are identified more often...
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Import Intensity of Production, Tasks and Wages: Microlevel Evidence for Poland.
PublicationObjective: This article relates to recent literature on labour market consequences of production fragmentation within Global Value Chains, analysed in the presence of workers’ heterogeneity and differences in the task content of jobs. The main aim is to assess if there is a relationship between wages of Polish workers and the degree of Polish production dependence on imported inputs. Research Design & Methods: Using microdata from...
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Le trasformazioni economiche globali
PublicationThe chapter highlights the main economic trasformations of the world economy after the end of Cold War until 2018
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L'economia mondiale dopo la guerra fredda
PublicationChe cosa è successo negli equilibri economici mondiali a partire dal 1989 e dalla dissoluzione del vecchio ordine sovietico? Dopo aver esaminato gli Usa e i suoi competitori asiatici, Giappone e Cina, il libro si concentra sull’Europa e sulle grandi trasformazioni portate dalla riunificazione tedesca, da Maastricht e dalla nascita dell’euro. Infine analizza, nell’ambito della globalizzazione, il ruolo dei BRICS, lo sviluppo economico...
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Linkages between services and manufacturing as a new channel for GVC growth: evidence from CEE countries
PublicationThe aim of this paper is to use a panel Granger causality test to verify the hypothesis of the existence of a causal relationship between forward linkages from domestic services to manufacturing and a country’s participation and position in GVCs in selected central and eastern European economies – the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia – for the period 2000-2014. Our results show that the Baltic...
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L'Italie. Gagner à tout prix. L'industrie de l'armenent italien pendant la Grande Guerre
PublicationThe chapter outlines the economic and technological transformations of the Italian armament industry during the First World War
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Networks Externalities as Social Phenomenon in the Process ICT Diffusion.
PublicationThis paper is designed to fill the gap in knowledge that we have identified regarding the process of diffusion of information and communication technologies and emerging network effects that significantly enhance spread of these technologies. We contribute to the present state of the art by examining the process of ICT diffusion in 50 countries, which in 2015 achieved highest ICT penetration rates.
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Otwarty dostęp do statystyk uczelni powinien być czymś normalnym! Wywiad z Benedettem Leporim, koordynatorem European Tertiary Education Register (ETER)
PublicationWywiad dotyczy wyzwań związanych z tworzeniem publicznie dostępnej i zharmonizowanej bazy obejmującej dane na temat poszczególnych instytucji szkolnictwa wyższego z krajów europejskich: European Tertiary Education Register (ETER) oraz możliwości wykorzystania jej do porównań międzynarodowych. Benedetto Lepori przekonuje w nim, że ogólny dostęp do danych na poziomie indywidualnych uczelni powinien być czymś normalnym. Dodatkowo...
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POLSKIE AKTYWA W ZAGRANICZNYCH FUNDUSZACH INWESTYCYJNYCH TYPU EXCHANGE-TRADED FUNDS: ROZMIARY, STRUKTURA ORAZ ZNACZENIE DLA POLSKIEGO SYSTEMU FINANSOWEGO.
PublicationExchange-traded funds (ETFs) są jedną z najszybciej rosnących kategorii funduszy inwestycyjnych. W pewnych krajach, takich jak Polska, nie nastąpił jednak rozwój tej grupy funduszy. Celem tekstu jest omówienie wybranych zagadnień teoretycznych związanych z wpływem ETFs na system finansowy oraz ocena możliwości wystąpienia tych oddziaływań w Polsce w odniesieniu do funduszy notowanych poza granicami Polski, które posiadają polskie...
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Technological substitution in Asia
PublicationThis book provides extensive evidence on information and communication technologies development diffusion patterns, unveils specific ‘network effects’ that enhance rapid spread of ICT, and detect major macroeconomic determinants of this process, across 36 Asian economies over the period 1980-2015. Moreover, this research traces country-specific patterns of the unique process. We consider two types of technological substitution,...
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The analysis of firms’ involvement in internationalisation and determinants of its intensity – an analysis for developing and post-transition economies
PublicationThe study presents the empirical analysis of firms’ involvement in different forms of internationalisation: export, indirect export, import, indirect import and finally simultaneous exporting and importing. The analysis is based on firm-level data from the World Bank Enterprise Survey (March 2017 release). The empirical part is divided into two stages. Firstly account is taken of firms’ heterogeneity and then a Melitz type analysis...
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The Diffusion of Information and Communication Technologies
PublicationThis book provides extensive evidence on information and communication technologies development patterns and dynamics of this process across developed economies over the period 1980 to the present day. It adopts newly developed methodology to identification of the ‘critical mass’ and isolation of technological takeoff intervals, which are intimately related to the process of technology diffusion. The statistically robust analysis...
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The effects of offshoring to low-wage countries on domestic wages: a worldwide industrial analysis
PublicationThis paper extends the literature on the implications of offshoring for labour markets by investigating its effect on the wages of different skill groups in a broad global context. The analysis draws on input–output data from the WIOD project, and in the panel analysed (13 manufacturing industries, 40 countries, 1995–2009) we account for up to 96 % of the international trade in manufacturing inputs. Being particularly interested...
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The mechanisms of technological innovation in SMEs: a Bayesian Network Analysis of EU regional policy impact on Polish firms.
PublicationWe study the underlying mechanisms of technological innovation in SMEs in the context of ex-post evaluation of European Union’s regional policy. Our aim is to explain the observed change in firms’ innovativeness after receiving EU support for technological investment. To do so, we take an approach that is novel in innovation studies: a Bayesian Network Analysis to assess the effectiveness of EU policy instrument for technological...
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Tracing financial innovation diffusion and substitution trajectories. Recent evidence on exchange-traded funds in Japan and South Korea.
PublicationSince the rapid growth of the popularity of ETFs, the potential substitution between innovative financial products, exchange-traded funds (ETFs), and traditional investment funds (open-end and closed-end funds) is recognized as one of the most-discussed issues in the financial industry. This is the first study to empirically verify and compare the diffusion and substitution of ETFs using monthly data on their assets in two selected...
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Train the trainer course
PublicationThis chapter presents the concept, evaluation and evaluation results for the train the trainer. This concept of train the trainers is prepared within Workpackage 5 of EU-funded project: MASTER BSR (Erasmus+ Strategic Partnership Programme). Due to the nature of adult learning the content is designed for the use of participatory methods (involved, active). This method uses various techniques of active learning e.g. group work,...
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UN’IPERTROFIA INEVITABILE? LA MOBILITAZIONE INDUSTRIALE E LA TRASFORMAZIONE DELL’APPARATO AMMINISTRATIVO PER LO SFORZO BELLICO
PublicationIl capitolo esamina le trasformazioni dell'apparato amministrativo in relazione alle esigenze dello sforzo bellico
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Wprowadzenie: Badania nad efektywnością i produktywnością szkół wyższych
PublicationNajnowszy numer Nauki i Szkolnictwa Wyższego poświęcony jest zagadnieniom związanym z efektywnością i produktywnością instytucji działających w sektorze edukacji ze szczególnym uwzględnieniem szkół wyższych. Problematyka dotycząca efektywności i produktywności funkcjonowania szkolnictwa wyższego jest obecna w debacie toczącej się zarówno na arenie międzynarodowej, jak i w Polsce.
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WZORCE INTERNACJONALIZACJI PRZEDSIĘBIORSTW NA OBSZARZE EUROAZJATYCKIEJ UNII GOSPODARCZEJ – WYNIKI BADAŃ Z KAZACHSTANU
PublicationCelem artykułu jest ukazanie specyfiki internacjonalizacji przedsiębiorstw kazachstańskich, a w szczególności tempa, zakresu, intensywności i form ich umiędzynarodowienia. W części teoretycznej artykułu przedstawiono najważniejsze efekty międzynarodowej integracji gospodarczej, a w szczególności funkcjonowanie Euroazjatyckiej Unii Gospodarczej (EUG) oraz scharakteryzowano gospodarkę Kazachstanu. Następnie ukazano wyniki badań przeprowadzonych...
Year 2017
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À la recherche de l’industrie perdue. La désindustrialisation en Italie entre débat public, réalité économique et fragilités structurelles du pays
PublicationThe paper outilines the main aspects of the public debate about Italian deindustrialization in the last 30 years
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An evaluation and explanation of (in)efficiency in higher education institutions in Europe and the U.S. with the application of two-stage semi-parametric DEA
PublicationIn this study the technical efficiency of number of public European and American HEIs is assessed over a decade. Efficiency scores are determined using nonparametric DEA with different input-output sets and considering different frontiers: global frontier (all HEIs pooled together), regional frontier (Europe and the U.S. having their own frontiers) and country-specific ones. The external factors affecting the degree of HEI inefficiency...
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Big Data Analytics for ICT Monitoring and Development
PublicationThe expanded growth of information and communication technology has opened new era of digitization which is proving to be a great challenge for researchers and scientists around the globe. The utmost paradigm is to handle and process the explosion of data with minimal cost and discover relevant hidden information in the least amount of time. The buzz word “BIG DATA” is a widely anticipated term with the potential to handle heterogeneous,...
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EXCHANGE TRADED COMMODITIES AS A CATEGORY OF INNOVATIVE PRODUCTS ON EUROPEAN FINANCIAL MARKETS
PublicationThe article presents the main features of one category of innovative financial products – exchange traded commodities (ETCs) and results of the analysis of the European market for ETCs. ETCs are products listed and traded on the stock exchanges and they offer investors returns based on various assets (commodities or currencies). In contrast with the most widely recognized exchange traded funds (ETFs), ETCs are structured as debt...
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Financial markets diffusion patterns. The case of Mexican investment funds
PublicationExchange traded funds (ETFs) are one of the most influential financial innovations, reshaping the investment funds market in many countries, including Mexico. Due to their similar investment objectives, ETFs are considered substitutes for mutual funds. The aim of the article is to provide an in-depth insight into the issues associated with the development of financial markets in Mexico...
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Foreign Entry Modes of High-tech Firms in Poland
PublicationThe main objective of the article is to present the role and importance of foreign entry modes in internationalization process and their key determinants. Research methods: A quantitative research design was used. A survey was conducted on the sample of 263 firms operating in...
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Gender wage gap convergence and skills heterogeneity in Poland (2005-2014) - quantile regression analysis based on microdata from EUSILC.
PublicationIn this article we quantify the magnitude and evolution of gender wage differentials in Poland over the years 2005 – 2014 using microlevel data from EU-SILC database (Statistics on Income and Living Conditions). In the study gender wage gap is examined through quantile regression analysis. It is shown that the gender wage gap varies along the wage distribution with workers’ skills heterogeneity playing a role. Additionally, the...
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I protagonisti della grande distribuzione in Europa
PublicationThe chapter outlines the main aspects of the history of some of the most important big European department stores (El Corte Ingles, Auchan, Carrefour, LeClerc, Aldi, Esselunga and the Finiper Group,
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Information and Communication Technologies for Economic Development
PublicationThis chapter is intended to explain why and how information and communication technologies may affect the process of socio-economic development, especially with regard to economically backward economies. It sheds light on why technological changes constitute prerequisites enabling advancements along the socio-economic development pattern. It is also designed to exhibit the special relevance of information and communication technologies...
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Internacjonalizacja przedsiębiorstw poprzez sieci. Wyniki badań ankietowych
PublicationCelem artykułu jest określenie wpływu funkcjonowania przedsiębiorstw w sieciach na intensywność ich internacjonalizacji. W artykule dokonano przeglądu najważniejszych teorii internacjonalizacji przedsiębiorstw. Przegląd ten jest punktem wyjścia do wyjaśnienia miejsca i znaczenia podejścia sieciowego (network approach) w wyjaśnianiu procesu umiędzynarodowienia przedsiębiorstw. Następnie opisano podej- ście sieciowe, przywołując...
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International Competitiveness of Czech Manufacturing: A Sectoral Approach with Error Correction Model
PublicationThe main objective of this paper is to find the determinants of the international competitiveness of the manufacturing sectors of the Czech economy, using the database of 13 manufacturing subsectors in 1995–2011, with the aid of ECM model. The authors research the question of how much foreign and domestic demand, the level of labour costs, the level of sector innovation intensity, the level of sector openness to foreign markets...
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Koncepcja międzynarodowej konkurencyjności w teorii ekonomii - analiza bibliometryczna
PublicationCelem artykułu jest prezentacja wyników metanalizy prac naukowych z zakresu międzynarodowej konkurencyjności na podstawie danych bibliometrycznych literatury opublikowanej w ciągu ostatnich 70 lat i zarejestrowanej w bazach Web of Science, Scopus, Google Scholar oraz Econlit, przy użyciu programów HistCite, Vosviewer i Pajek. Autorka wykorzystała trzy metody bibliometryczne, tj. analizę sieci cytowań, metodę kluczowych ścieżek...
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La fine di un grande sogno
PublicationIl contributo esamima le cause che portarono alla fine dell'Unione sovietica, i meccanismi per il passaggio all'economia di mercato e il nuovo ruolo dello Stato nell'economia russa T