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Search results for: trade
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Sustainable Investing. Socio-Economic Impacts of Exchange-Traded Funds
PublicationSustainable Investing: Socio-Economic Impacts of Exchange-Traded Funds examines the social and economic effects of sustainable investing ETFs and their impacts on the global financial system. The book presents the key issues with regard to sustainable investing, discussing exchange-traded funds mechanisms and categories in comparison to competing investment funds. The book outlines the theoretical determinants of ETF markets development...
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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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COMPLEXITY OF INNOVATIVE FINANCIAL PRODUCTS: THE CASE OF SYNTHETIC EXCHANGE TRADED FUNDS IN EUROPE
PublicationThe aim of the text is the presentation of the most important categories of exchange traded funds (ETFs) – physical and synthetic ones. A theoretical part of the text includes an overview of the main features of ETFs, the presentation of differences between physical and synthetic funds and the main risks posed by both types to their users and the whole financial systems. An empirical part focuses on the European market. Time span...
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The Impact of Covid-19 on the Performance of Exchange Traded Funds on Developed and Emerging Markets
PublicationIn this paper an endeavour was made to evaluate the impact of Covid-19 on the achievement of the investment objectives by selected ETFs in developed and emerging markets. For this purpose, the tracking errors calculated for 18 different ETFs operating on the basis of American, Asian and European stock indexes were analyzed. The time range of the research was selected in such a way as to compare the period before the pandemic(pre-Covid)...
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FulbrightSeniorAward The impact of trade exposure and global division of labor on product variety - evidence from Europe and the U.S (Fulbrigh Senior Award, realised at UC Berkeley)
ProjectsProject realized in Politechnika Gdańska - Katedra Ekonomii according to Fulbright Senior Award 2018 agreement from 2018-02-01
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Application of Diffusion Models in the Analysis of Financial Markets: Evidence on Exchange Traded Funds in Europe
PublicationExchange traded funds (ETFs) are financial innovations that may be considered as a part of the index financial instruments category, together with stock index derivatives. The aim of this paper is to explore the trajectories and formulates predictions regarding the spread of ETFs on the financial markets in six European countries. It demonstrates ETFs’ development trajectories with regard to stock index futures and options that...
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Innovative investment funds and stability of financial systems: Nonparametric study of exchange-traded funds in Europe
PublicationThe main aim of the paper is investigation of the potential contribution of exchange-trade funds (ETFs) to the instability of the European financial systems. The paper begins with presentation of the key theoretical concepts with regard to ETFs and financial stability. We discuss the key attributes of ETFs as the innovative category of investment funds, their hypothesized impact on the financial stability as well as briefly describe...
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Impact of Innovative Financial Products on Financial Systems: Exchange Traded Products and the Polish Financial System
PublicationExchange Traded Products (ETPs) are one of the most recent and most rapidly developing financial products. As their assets grow they have an increasing impact on financial systems in many countries, including USA, UK or Japan. Development of ETPs is linked with many opportunities and threats for the local financial systems. Their correct assessment is becoming more difficult due to the growing complexity of the available products,...
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What drives sustainable investing? Adoption determinants of sustainable investing exchange-traded funds in Europe
PublicationDespite the growing interest in various topics related to sustainable (ESG) investing, some issues remain understudied, such as the determinants of their utilization at the macro level. This paper contributes to the state of knowledge two-directionally. First, it shows the development of sustainable investing exchange-traded funds (ETFs) in European countries. Second, it traces the significant determinants of adopting sustainable...
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Exchange-Traded Funds on European Markets: Has Critical Mass been Reached? Implications for Financial Systems.
PublicationExchange-traded funds (ETFs) are one of the most rapidly expanding categories of financial products in Europe. One of the key yet still unanswered questions is whether European ETF markets have reached the size at which they could affect the financial systems. In our study, we examine 13 European countries during the period 2004–2017 in order to trace whether the share of ETFs in the total assets of investment funds has reached...
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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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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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ICT technologies and financial innovations: The case of exchange traded funds in Brazil, Japan, Mexico, South Korea and the United States
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Information and communication technologies versus diffusion and substitution of financial innovations. The case of exchange-traded funds in Japan and South Korea
PublicationThe substitution between financial innovations, exchange-traded funds (ETFs), and stock index derivatives (i.e. index financial instruments) is one of the relatively understudied topics of the financial sciences. The current study aims to verify empirically the diffusion and substitution of ETFs in the market for index financial instruments. It presents in-depth analysis of the development of index financial instruments traded...
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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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Exchange traded funds as innovative products on financial markets: development factors and impact on financial system. Experiences of European countries, implications for Poland.
ProjectsProject realized in Department of Economic Sciences according to UMO-2015/19/D/HS4/00399 agreement from 2016-06-14
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Aleksandra Parteka dr hab. inż.
PeopleAbout me: I am an associate professor and head of doctoral studies at the Faculty of Management and Economics, Gdansk University of Technology (GdanskTech, Poland). I got my MSc degree in Economics from Gdansk University of Technology (2003) and Universita’ Politecnica delle Marche (2005), as well as MA degree in Contemporary European Studies from Sussex University (2006, with distinction). I received my PhD in Economics...
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Edyta Gołąb-Andrzejak dr hab.
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Adam Kupryjanow mgr inż.
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Top 10 Iran Import Goods in 2011
Open Research DataThe following dataset shows the volume of trade of the European Union countries with Iran. One can observe a significant drop in both imports and exports (the year 2012 meant tightening of sanctions, which clearly limited the import of Iranian products to the EU). After lifting the sanctions it is expected to substantially increase the level of trade...
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Joanna Wolszczak-Derlacz dr hab.
PeopleI am an Associate Professor at Gdańsk University of Technology, Faculty of Management and Economics. I gained my PhD in July 2006 for which I received the Polish Prime Ministry’s Award for the outstanding doctoral thesis. Between 2007 and 2008, I was a beneficiary of the Max Weber Fellowship at the European University Institute in Florence, Italy. I conducted part of my research at the Katholieke Universiteit Leuven, Belgium...
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Magdalena Olczyk dr hab.
PeopleMagdalena Olczyk, a PhD and a DSc in Economics, works as a assistant professor at the Faculty of Economics in Gdansk University of Technology. Her research and academic teaching focus on international economics, in particular, on issues related to international competitiveness. She authored and co-authored over 5 books and 60 articles related to competitiveness, international trade and structural changes
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Top 10 Iran Export Partners in 2011
Open Research DataLifting of Iranian sanctions could lead to a rapid improvement in the economic situation of Iran. This will not only remove the barriers of international transactions, but also enable the investments of foreign entities on the territory of Iran, increasing the competitiveness of operators, including in the key mining sector.
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Aleksandra Kordalska dr
PeopleEconomist, assistant professor at the Faculty of Management and Economics, Gdansk University of Technology. Her research focuses on international trade (in particular trade of Central and Eastern European countries), global value chains (in the context of company size and ownership), functional specialization, technological specialization and industry servitization.
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Empirical investigation on labour market interactions in an enlarged Europe
PublicationThis paper proposes an empirical assessment of economic interactions between the labour markets ofthe integrating EU over the period of time 1995-2005. Drawing on recently made available industrystatistics, we provide a sector level study (13 tradable sectors, including manufacturing and services),analysing the contemporary evolution of domestic and trade partners' employment levels. Given theintensification of trade relations...
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Tomasz Dziubich dr inż.
PeopleScientific projects and grants Internet platform for data integration and collaboration of medical research teams for the stroke treatment centers 2013 - 2016 MAYDAY EURO 2012 Supercomputer Platform for Context Analysis of Data Streams in Identification of Specified Objects or Hazardous Events – task 4.2 (Development of algorithms and applications supporting medical diagnosis), 2008-2012 Other GrandPrix on trade show ...
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The importance of CEFTA 2006 for Western Balkan countries
PublicationFree foreign trade is one of the most important issues all over the world. The impact of bilateral trade can be studied both from economic as well as political perspectives; when it improves economic development, it also creates the conditions for international stability. The aim of the article is to conduct a comparison of the changes to export trade flow in the Central European Free Trade Agreement 2006, with reference to countries...
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Share of gross value added generated by enterprises in GDP
Open Research DataAfter Poland joined the group of countries associated in the European Union and through participation in numerous economic and political organizations (including the World Trade Organization, OECD), as well as the commencement of trade exchange with virtually all countries of the world, Polish entrepreneurs and managers struggle with completely problems...
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The number of active enterprises in Poland in 1997-2014
Open Research DataAfter Poland joined the group of countries associated in the European Union and through participation in numerous economic and political organizations (including the World Trade Organization, OECD), as well as the commencement of trade exchange with virtually all countries of the world, Polish entrepreneurs and managers struggle with completely problems...
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ETS prices 2008-2024
Open Research DataThe European Union Emissions Trading System (EU ETS) is a carbon emission trading scheme (or cap and trade scheme) which began in 2005 and is intended to lower greenhouse gas emissions by the European Union countries. The "ETS prices 2008-2024" dataset contains a summary of ETS prices in 2008-2024.
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Strategien der NSZZ Solidarność. Ein kurzer Abriss über bewährte Verfahrensweisen
PublicationDuring the recent years, the difficulties faced by trade unions to maintain their representation base and capacity to regulate employment relations have provoked numerous discussions. The issue of declining trade union membership, as well as density, has been repeatedly addressed by major trade unions including NSZZ “S”.
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Alicja Sekuła dr hab. inż.
People- 2017 PhD with “habilitation” of Economics, discipline – finance, Warsaw School of Economics Collegium of Management and Finance, - 2003 Doctor of Economics, discipline – economics, Gdańsk University of Technology, Faculty of Management and Economics; - 1997 Master of Engineering: Gdańsk University of Technology, Faculty of Management and Economics, - 1996 Master of Engineering: Gdańsk University of Technology,...
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Structure of the SME sector by economy sectors in Poland and the EU-28
Open Research DataEurostat data show that almost 75% of SMEs in Poland are trade and services, and every seventh enterprise conducts activities related to construction, and every eight - in industry. Comparing the industry structure of Polish companies with the structure of enterprises operating in EU countries, it should be noted that we are characterized by a greater...
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Product diversification, relative specialisation and economic development: import-export analysis.
PublicationThis paper contributes to trade diversification literature by comparing changes in relative (i.e. assessed in comparison with world patterns) heterogeneity of import and export structures in the process of economic development. In particular, by focusing on the diversification of imports, we add a missing piece to already analysed export trends. We use highly disaggregated trade statistics (4963 product lines) for 163 countries...
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Relative product diversification in the course of economic development: import-export analysis.
PublicationThis paper contributes to trade diversification literature by comparing changes in relative (i.e. assessed in comparison with world patterns) heterogeneity of import and export structures in the process of economic development. In particular, by focusing on the diversification of imports, we add a missing piece to already analysed export trends. We use highly disaggregated trade statistics (4963 product lines) for 163 countries...
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Epitaph of Choene-Jaski family in St. Mary's Church in Gdańsk
Open Research DataThe data set concerns epigraphy. It refers to the epitaph placed in St. Mary’s Church in Gdańsk, that is dedicated to family Chöne-Jaski, that came to Poland from Moldavia at the beginning of XVI century and was engaged in trade in amber. Later on, the representatives of the family were in city council as jurors, councilors, judges and city treasurers....
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The number of enterprises in Poland and EU countries (in thousands) in 2019
Open Research DataEnterprises from the SME sector constitute the majority of companies in Poland and in the European Union countries. However, the structure of domestic enterprises in terms of size and industry differs from the EU average. Taking into account the nature of the business in Poland, more companies operate in trade, and lower in services. However, it should...
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Markthal Rotterdam as a contemporary continuation of nineteenth-entury market-halls' architectural ideas in Europe, 3rd International Multidisciplinary Scientific Conference, Social Sciences and Arts, Conference proceedings, book 4, Arts, Performing Arts, Architecture and design, Volume II, Vienna, Austria; pp. 391-398
PublicationIn the nineteenth century the reorganization of the European city local trading model resulted in the network of a series of newly constructed covered market halls. The large-format objects superseded the trade forms of previous streets and squares. In the second half of the twentieth century the panoply of the public trade markets was dominated by food super- and hypermarkets. It seemed that the era of old-time market halls,...
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A method of the UMTS-FDD network design based on universal load characteristics
PublicationIn the paper an original method of the UMTS radio network design was presented. The method is based on simple way of capacity-coverage trade-off estimation for WCDMA/FDD radio interface. This trade-off is estimated by using universal load characteristics and normalized coverage characteristics. The characteristics are useful for any propagation environment as well as for any service performance requirements. The practical applications...
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A proposal for a knowledge market based on quantity and quality of knowledge
PublicationThe paper proposes an autonomous market environment in which it is possible to trade knowledge based on its quantity and quality.
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The role of the One-Belt One-Road initiative in China's exports and global value chains
PublicationResearch background: China is regarded as the “world factory” highly involved in international trade and plays an increasingly important role in the global value chains (GVC). Additionally, the “One-Belt One-Road” (OBOR) initiative was proposed by the Chinese government to further promote China in the international market. Purpose of the article: The article explores the role of the OBOR in China’s exports and global value...
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The spatial planning of industrial areas in an urbanized area for cargo, in the development of inland waterway transport
PublicationSpatial planning, taking into account the configuration of the surface, i.e. its shape (relief) and the presence and mutual location of objects and points of characteristic water ports, is a derivative of several natural, economic, market, technical, social and political factors. It depends on the destination port, the planned structure of trade in cargo, the forecasted traffic of ships, passageways, the technology of reloading...
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The convergence of gender wage differences - myth or fact - multi country multi sector analysis
PublicationThe Becker’s theory of discrimination predicts that in the long run the gender wage differences should disappear. In our empirical analysis we verify the testable implications of this mode considering the hypothesis of gender wage gap convergence. The study takes into account 31 sectors in 13 European countries for the period between 1970 and 2005. We distinguish between wages paid to different groups of workers classified according...
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Bibliometric approach to tracking the concept of international competitiveness
PublicationThe main aim of paper is to identify the growth pattern in the international competitiveness literature, its core publications and key research domains on the basis of bibliometric data from the years 1945–2015. Citation data is collected from the ISI Web of Science Website, Scopus and Google Scholar, and analysed using HistCite, Pajek and VOSviewer software. Bibliometric indicators, network citation, key-route path methods and...
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Neta-sieć kooperacji i konkurencyjności północnej Europy.
PublicationPrzedstawiono strategiczne opcje polityki rozwojowej korytarza NETA (NorthEuropean Trade Axis Project). Porównano działanie regionalne w polskiej części NETA z działaniami innych regionów europejskich.
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Structure and Randomness in Planning and Reinforcement Learning
PublicationPlanning in large state spaces inevitably needs to balance the depth and breadth of the search. It has a crucial impact on the performance of a planner and most manage this interplay implicitly. We present a novel method \textit{Shoot Tree Search (STS)}, which makes it possible to control this trade-off more explicitly. Our algorithm can be understood as an interpolation between two celebrated search mechanisms: MCTS and random...
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Poland's economic relations with Kazakhstan
PublicationBefore 2019, economic relations between Poland and Kazakhstan were regulated by 22 international agreements. Poland has been trading with Kazakhstan since the 1990s. Overall, Kazakhstan had a positive trade balance with Poland, with the exception of the 1996–1998 and 2006–2007 periods. Polish foreign investment in Kazakhstan was not very impressive; the first investments started only in 2005. In 2019, about 200 companies with Polish...
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Economic crisis in Croatia
PublicationCroatia is becoming the 28th member of the European Union on July 1st, 2013. Croatia has gone a long way from a socialistic republic to an independent country recognized as one of the economic tigers of the Western Balkans in the first decade of the 21st century. Croatia has been hit by a global crisis which turned out to be a huge external shock for the region of the Western Balkans. Although it does not enter the economy through...
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Quantum mechanical which-way experiment with an internal degree of freedom
PublicationFor a particle travelling through an interferometer, the trade-off between the available which-way information and the interference visibility provides a lucid manifestation of the quantum mechanical wave-particle duality. Here we analyse this relation for a particle possessing an internal degree of freedom such as spin. We quantify the trade-off with a general inequality that paints an unexpectedly intricate picture of wave-particle...
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WHAT DRIVES CROSS-COUNTRY DIFFERENCES IN EXPORT VARIETY? A BILATERAL PANEL APPROACH
PublicationA worldwide event like the 2020 Coronavirus outbreak can only reinforce the interest in modelling trade diversification as a key factor in countries’ vulnerability to external shocks. This paper adopts a detailed relative framework to study the determinants of product-level export variety in a large bilateral panel of developing and developed economies (16,770 country pairs in the period 1988–2014). We find that country pairs characterized...