|
|
Archive
Volume 3 № 5
|
Click to download full article
|
Click to open full abstract
|
|
János Kornai
|
EQUILIBRIUM, GROWTH AND REFORM
|
|
Article title
|
EQUILIBRIUM, GROWTH AND REFORM
|
|
Authors
|
János Kornai
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
E61, E62, E63, E64, H62, P36
|
|
Abstract
|
In 2001 the Hungarian economy departed from the path of balanced growth. During the past six years the state budget deficit has grown to an unsustainable level, and also the deficit in the current accounts has become too high. Real wages have increased considerably faster than labour productivity. These difficulties and other macroeconomic troubles led the Hungarian Government to the introduction of an adjustment program in July of this year. The first part of the article analyzes the current macroeconomic situation and the expected economic and social effects of the adjustment program. The commitment and determination of the government is shown by the fact that they are ready to accept the political "price" of the program, i.e. that the unavoidable measures will probably reduce the popularity of the election winning political powers.
The second part of the article discusses the relationships concerning measures requiring immediate execution and reforms aimed at long-lasting effects and in depth institutional changes. These are indispensable to the sustainability of the effects of the adjustment. In connection with this, the paper reflects on the relationship between the budget deficit and the size of the state, on the proportions of state- and self-support, as well as on the speed and the gradual implementation of the reforms.
|
|
Key words
|
adjustment program, balanced growth, budget deficit, credibility, fiscal revenues and expenditures, gradualism, reform, role of the state
|
|
Literature
|
is not available
|
|
|
Download full article
|
|
|
|
Valery Makarov
|
APPLICATION OF THE METHODOLOGY CALLED "ARTIFICIAL SOCIETIES"
|
|
Article title
|
APPLICATION OF THE METHODOLOGY CALLED "ARTIFICIAL SOCIETIES"
|
|
Authors
|
Valery Makarov
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
B41, C02, C15, C90, H41
|
|
Abstract
|
The methodology of artificial societies, coming from the sophisticated development of so called agent based models, is going to be breakthrough in social sciences. In the paper I try to show it on the
examples of mathematical economics and related topics. The growing complexity of mathematical models can be overcome by construction of artificial worlds and following computer experiments. The first non
trivial results are in place. Some intriguing questions and problems are formulated, answer on which one can expect under application of the new methodology.
|
|
Key words
|
matematical model, artificial societies, agent, virtual words, methodology
|
|
Literature
|
Epstein Joshua M. and Axtell Robert (1996)
"Growing Artificial Societies: Social Science from the
Bottom Up" Brooking Institution Press and MIT Press,
Washington DC.
Bewley, Truman, 1981, A Critique of Tiebout's
Theory of Local Expenditure. Econometrica. 49: 713-
741.
Buchanan, J. M. (1965) An Economic Theory
of Clubs. Economica, 32, 125, pp.1 - 14.
Collman, Ken, John H. Miller and Scott E.
Page (1997) "Political Institutions and Sorting in a
Tiebout model." American Economic Review 87: 977-
992.
Conway J. (1970) "The Game of Life". Journal
"Scientific American".
Hu Bin and Debing Zhang (2007) Cellular –
Automata Based Qualitative Simulation for Nonprofit
Group Behavior. JASSS vol.10, #1.
Persson T., Roland G. and G. Tabellini, (1999),
Comparative Politics and Public Finance. Quarterly
Journal of Economics,
Samuelson, P. A. (1954) The Pure Theory of
Public Expenditure. Review of Economics and Statistics,
37, 4.
Tiebout, Ch. M. (1956) "A Pure Theory of
Local Expenditures", Journal of Political Economy, 64, 5,
pp. 416-424.
Данков А. Н. и Макаров В. Л. (2002) «Ме-
жтерриториальная и межпартийная конкуренция:
сравнительный анализ влияния политических
институтов» Препринт Российской экономической
школы, 2002.
Макаров В. Л. (2007) «Коллективные блага
в АОМ» ж. Искусственные общества, т.2, №1, 2007.
Цетлин М. Л. (1969) «Исследования по
теории автоматов и моделированию биологических
систем» М. «Наука» 1969.
|
|
|
Download full article
|
|
|
|
László Csaba
|
HUNGARY EMBRACING GLOBALIZATION: THE CHALLENGE OF COMPETITIVENESS
|
|
Article title
|
HUNGARY EMBRACING GLOBALIZATION: THE CHALLENGE OF COMPETITIVENESS
|
|
Authors
|
László Csaba
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
F02
|
|
Abstract
|
This think piece is an attempt to survey the evolution of competitiveness in a small open economy under the angle of costs and benefits of globalization. First a historical survey assesses the road leading to the present sage of transnationalization. Then a situation assessment is presented, followed by a survey of challenges and factors of competitiveness. Finally some general lessons are listed, without
attempting to be exhaustive.
|
|
Key words
|
is not available
|
|
Literature
|
1/ BATES, R. and KRUEGER, A. /1992/:
Generalizations arising from the country experiences.
In: BATES, R. and KRUEGER, A. Eds: The Political
Economy of Economic Policy Reform. London: Basil
Blackwell.
2/ BEREND, T. I./199o/: The Hungarian
Economic Reforms, 1953-1988/. Cambridge and New
York: Cambridge University Press.
3/ BOURGIGNON, F. and WOLFENSOHN,
J. /2oo4/: 'Development economics: looking back,
looking ahead'- keynote delivered to the ABCDE
conference, Washington,October, forthcoming in the
special issue of World Bank Economic Review.
4/ BÖNKER, F. /2oo6/: Fiscal Policy in Central
Europe: from Transition to EU Accession. Cheltenham/
UK and Northampton/US: Edward Elgar Publishing
Co.
5/ CSABA, L. /2oo4/: Transition in
and towards Europe. Zeitschrift für Stats- und
Europaissenschaften, Vol. 2. No. 3.
6/ CSABA, L. /2oo7/: The New Political
Economy of Emerging Europe.Second, revised, updated
and extended edition. Budapest: Akadémiai Kiadó/an
affiliate of W Kluwer, Dordrecht.
7/ GYŐRFFY, D. /2oo7/: Deficit bias
and moral hazard on the road to EMU: the political
dimension of fiscal policy in Hungary. Post-Communist
Economies, Vol. 17. No. 1/in print/.
8/ KARSAI, G. And CSÁKI, Gy /2oo1/:
From Transition to Integration. Boulder, Col/USA.
Columbia University Press/Atlantic Studies on
Societies in Change, No. 1o4.
8/ KORNAI, J. /1997/: Adjustment without
recession. In: ZECCHINI,S.ed: Lessons from the
Economic Transition. Dordrecht-Paris: Kluwer Academic
Publishers for OECD.
9/ OFFE, C. /1991/: Az egyidejűség
dilemmája/The dilemma of synchronity/. Társadalmi
Szemle, Vol. 46. nos/8-9/, pp. 113-122.
1O/ORBÁN,G. And SZAPÁRY, Gy./2oo6/:
Magyar fisk'lis politika-quo vadis?./Where is Hungarian
fiscal policy heading to?/ Közgazdasági Szemle, Vol. 53.
No. 4.
11/ TÖRÖK, Á. /2oo5/: Competitiveness in
Research and Development./with B. Borsi and A.Telcs/.
Cheltenham/UK and Northampton/Md/USA:
Edward Elgar Publ.Co.
|
|
|
Download full article
|
|
|
|
Milenko Popovic
|
RISING WAGE INEQUALITY, RATE OF RETURN ON INVESTMENT IN EDUCATION, AND COST OF EDUCATION
|
|
Article title
|
RISING WAGE INEQUALITY, RATE OF RETURN ON INVESTMENT IN EDUCATION, AND COST OF EDUCATION
|
|
Authors
|
Milenko Popovic
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
O11, O40, D31, J31
|
|
Abstract
|
One of the most interesting facts about the growth of developed nations, especially of the US growth, in the last three decades is significant growth of the ratio of the wage of skilled labor to that of unskilled labor. At the same time, existing evidence seems to suggest that the ratio of the rate of return on investment in skilled labor to that of unskilled labor has stayed pretty stable. This contradicting trend in movement of two ratios is formally easy to explain. Being aware of the fact that all possible measures of the rate of return in education confront, in one way or another, differences in wages of different educational levels with the cost of reaching the concerned level of education, we can with certainty conclude that, in order to keep the rate of return ratio unchanged, the increase of wage ratio should be accompanied with adequate increase
in the ratio of the cost of reaching a skilled level of education to the cost of reaching an unskilled level. This is something that follows from identity and as such cannot be questioned. The real question here refers to a possible source of relative increase in the cost of reaching skilled level of education. Possibilities are here enormous and every developed country presents a different story. The purpose of this article is to shed a light on one of the sources of education cost growth which is common to all developed countries and which can explain the greatest part of education cost ratio increase in all developed countries. In what follows we will show that the increase in the cost of education ratio is mostly due, first, to the fact that technological progress in industry of education is negligible, second, to the fact that "products" of industry of education are nontradeables, and third, to the increase of wage ratio itself.
|
|
Key words
|
Inequality, Growth, Capital of Education, Costs of Education
|
|
Literature
|
Abramovitz, M. (1956) "Resources and Output Trends in the United States since 1870", American
Economic Review, p. 5-24.
Aghion, P. (2001) "Shumpeterian Growth Theory and the Dynamics of Income Inequality", Walras
Bowley Lecture, Econometric Society in Madison, Wisconsin.
Berman, E., Bound, J., Griliches Z. (1994) "Changes in the Demand for Skilled Labour within US
Manufacturing: Evidence from the Annual Survey of Manufactures", Quarterly Journal of Economics, 109(2), pp.
367-397.
Berman, E., Bound, J., Machin S. (1998) "Implications of Skill Biased Technological Changes:
International Evidence", Quarterly Journal of Economics, 113(4), pp. 1245-1280.
Bound, J., Johanson, G. (1992) "Changes in the Structure of Wages in the 1980: An Evaluation of
Alternative Explanations", American Economic Review, 82(3), pp. 371-392.
Denison, E. F. (1962) Sources of Growth in the United States and Alternatives Before Us, Supplement Paper
13, New York, Committee for Economic Development.
Denison E. F. (1967) Why Growth Rates Differ. Washington, Brooking Institution.
Denison, E. F. (1974) Accounting for United States Economic Growth: 1929-1969, Washington, Brooking
Institution.
Denison E. F. (1985) Trends in American Economic Growth 1929-82. Washington, D. C., Brooking
Institution.
Eckstein, Z., Nagypal, E. (2004) "The Evolution of U.S. Earning Inequality", Federal Reserve Bank of
Minneapolis Quarterly Review, Vol. 28, No. 2, pp. 10-29.
Eisner, R. (1985). "The total incomes system of accounts." Survey of Current Business, 65 (1), 24-48.
Eisner, R. (1988). "Extended accounts for national income and product." Journal of Economic Literature,
26 (4), 1611-1684.
Fraumeni, M. B. (2000)."The Output of the Education Sector as Determined by Education's Effect
on Lifetime Income" Brookings Program on Output and Productivity Measurement in the Service Sector: Workshop on
Measuring the output of the education sector, April 7, 2000, Brookings Institution, Washington, D. C.
Fraumeni, M. B., Reinsdorf, M. B., Robinson, B. B., Williams, M. P. (2004a) "Real Output Measures
for the Education Function of Government: A First Look at Primary & Secondary Education" Public Services
Performance Workshop, National Institute of Economic and Social Research, London, United Kingdom.
Fraumeni, M. B., Reinsdorf, M. B., Robinson, B. B., Williams, M. P. (2004b) "Price and Real Output
Measures for the Education Function of Government: Exploratory Estimates for Primary & Secondary
Education" Conference on Research in Income and Wealth: Conference on Price Index Concepts and Measurement,
Vancouver, BC, Canada.
Galor, O., Weil, N. W. (1993). "The Gender Gap, Fertility and Growth", NBER Working Papers Series,
Working Paper No 4550, p. 30.
Goldin, C., Katz, L. F. (1996) "The Origins of Technology-Skill complementarity", NBER Working
Papers, No. 5657, Cambridge, MA, p. 29.
Griliches, Z. (1960). "Measuring Inputs in Agriculture" Journal of Farm Economics XLII: 1411-1433.
Griliches, Z. (1963a). "Production Function, Technical Changes, and All That" Netherland School of
Economics, Econometric Institute, Report 6328, Rotterdam.
Griliches, Z. (1969), "Capital-Skill Complementarity", Review of Economics and Statistics, 51(4): 465-468.
Griliches, Z. (1996). "Education, Human Capital, and Growth: A Personal Perspective" NBER
Working Paper Series, National Birou of Economic Research, Working Paper 5426.
Hall, R. E. and Jones, C. I. (1999) "Why do some countries produce so much more output per workers than
other." The Quarterly Journal of Economics, 114(1): 83-116.
Heckman, J. J., Lochner, L. J., Todd, P. E. "Earning Functions, Rate of Return, and Treatment
Effects: The Mincer Equation and Beyond", NBER Working Paper Series, Working Paper 11544, Cambridge,
MA
Jones, C. I. (1996) "Human Capital, Ideas, and Economic Growth." VII Villa Mondragone International
Economic Seminar on Finance, Research, Education, and Growth, Rome, June 25-27, 1996.
Jones, C. I. (2004) "Growth and Ideas." NBER Working Paper Series, Working Paper No 10767,
NBER.
Jorgenson, D. W. and Fraumeni, B. M. (1989). "The accumulation of human and nonhuman capital,
1948-1984." In R. E. Lipsey and H. S. Tice (Eds.), The Measurement of Savings, Investment and Wealth (pp. 227-
282). Chicago, I.L.: The University of Chicago Press.
Jorgenson, D. W. and Fraumeni, B. M. (1992a). "The output of the education sector." In Z. Griliches
(Ed.), Output Measurement in the Services Sector (pp. 303-338). Chicago, I.L.: The University of Chicago Press.
Jorgenson, D. W. and Fraumeni, B. M. (1992b). "Investment in education and U.S. Economic
Growth" Scandinavian Journal of Economics 94: S51-70.
Jorgenson D. W., and Griliches Z. (1967) "The Explanation of Productivity Change." Review of
Economic Studies 34(3): 249-80.
Kendrick J. W. (1956) "Productivity Trends: Capital and Labour." Review of Economics and Statistics 38:
248-57.
Kendrick, J. W. (1976). The Formation and Stocks of Total Capital. New York, N.Y.: Columbia University
Press for NBER.
Kendrick, J. W. (1979). "Productivity Trends and Recent Slowdown: Historical Perspectives, Casual
factors and Policy Options" in Felner, W. (ed) Contemporary Economic Problems, p 22-69, Washington: American
Enterprise Institute.
Kendrick, J. W. (1980). "Survey of the Factors Contributing to the Decline in US Productivity
Growth" in The Decline in Productivity Growth, Conference Series, No 22, Boston: Federal Reserve Bank of
Boston.
Krusell, P., Ohanian, L. E., Rios-Rull, J. V., Violente, G. L. (1997) "Capital-Skill Complementarity
and Inequality: A Macroeconomic Analysis", Federal Reserve Bank of Minneapolis, Research Department Staff Report,
No 236, p. 67.
Lawrence, R. Z., Slaughter, M. J. (1993) "International Trade and American Wages in 1980s: Giant
Sucking Sound or Small Hiccup", Brooking Papers: Microeconomics 2, pp.161-226.
Madison A. (1972). "Explaining Economic Growth" Banca Nazionale del Lavoro Quarterly review, p 211-263.
Madison A. (1987) "Growth and Slowdown in advanced Capitalist Economies: Techniques of
Quantitative Assesment." Journal of Econmic Litherature, 25, pp 649-98.
Mankiw, N. G., Romer, D., and Weil D. N. (1992) "A Contribution to the Empirics of Economic Growth."
Quarterly Journal of Economics 107(2): 407-37.
Mankiw. N. G. (1995) "The Growth of Nations." in Brookings Papers on Economic Activity, 1: 275-327.
Nelson, R. R. and Phelps, E. S. (1966). "Investment in Humans Technological Diffusion, and
Economic Growth." The American Economic Review 56 (1/2, Mar): 69-75.
Popovic, M, (2006) "Capital Augmenting and Labor Augmenting Approach in Measuring
Contribution of Human Capital and Education to Economic Growth", Montenegrin Journal of Economics, Vol. 2,
No.4, pp. 71-109. (www.mnje.com)
Psacharopoulos G. (1972) "Measuring. the Marginal Contribution of Education to Economic
Growth." Economic Development and Cultural Change, No 4.
Psacharopoulos G. (1985) "Return to Education: A Further international Update and Implications."
Journal of Human Resources 200(4): 583-604.
Psacharopoulos G., Patrinos, H. A. (2002) "Return to Education: A Further Update" Policy Research
Working Paper, The World Bank, p.28.
Shultz, T. W. (1960) "Capital Formation by Education" Journal of Political Economy, 68: 571-583.
Shultz, T. W. (1961a) "Investment in human capital." American Economic Review, 51 (1), 1-17.
Shultz, T. W. (1961b) "Investment in human capital." American Economic Review, 51 (5), 1035-1039.
Shultz, T. W. (1962) "Reflections on Investment in Man" Journal of Political Economy 70: S1-S8.
Stevens, P., Weale, M. (2003) "Education and Economic Growth" Paper prepared for G. and J.
Johnes (ed) International Handbook on the Economics of Education, Edward Elgar.
Tyers, R., Yang, Y. (1997) "Trade with Asia and Skill Upgrading: Effects on Factor Markets in the
Older Industrial Countries", Weltwirtschaftliches Archiv 133(3), pp383-418.
Tyers, R., Yang, Y. (2000) "Capital-Skill Complementarity and Wage outcomes Following Technical
Change in a Global Market", Oxford Review of Economic Policy 16(3), pp. 23-41.
Winchester, N., Greenaway, D. (2005) "Rising Wage Inequality and Capital-Skill Complementarity",
Economics Discussion Papers, No. 0528, University of Otago.
|
|
|
Download full article
|
|
|
|
Evgenij Popov, Arkadij Konovalov
|
INSTITUTIONAL EFFECTS ESTIMATION IN THE SPHERE OF ECONOMICAL INFORMATION
|
|
Article title
|
INSTITUTIONAL EFFECTS ESTIMATION IN THE SPHERE OF ECONOMICAL INFORMATION
|
|
Authors
|
Evgenij Popov, Arkadij Konovalov
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
D80; D02
|
|
Abstract
|
This paper reviews some questions concerning the institute of economical information. Authors are carrying out the theoretical and methodological analysis of terminology and the classification of institutes
of information search, in terms of the neo-institutional school of economics. Some empirical results are presented, introducing institutional effects of production and consumption of information at the level of single agent (firm).
|
|
Key words
|
information, institutions, transaction costs.
|
|
Literature
|
Dahlman C. J. The Problem of Externality / C. J.
Dahlman // Journal of Law and Economics. – 1979.
- №22(1). 41-47.
Коуз Р. Природа фирмы / Р. Коуз. - М.: Эко-
номика, 1993.
Коуз Р. Фирма, рынок и право / Р. Коуз. - М.:
Экономика, 1993а.
Mathews R. C. O. The Economics of Institutions
and Sources of Growth // Journal of Evolutionary
Economics. – 2002. - №12.
Некипелов А. Д. «Становление и функциони-
рование экономических институтов: от «робин-
зонады» до рыночной экономики, основанной на
индивидуальном производстве». – М.: Экономист,
2006.
Норт Д. Институты, институциональные из-
менения и функционирование экономики / Д.
Норт. - М.: Начала, 1997.
Попов Е.В., Кац И.С. Оценка информационных
ресурсов предприятий. Препринт. Екатеринбург:
ИЭ УрО РАН, 2003.
Попов Е. В., Симонова В. Л. Эндогенный
оппортунизм в теории «принципала – агента» //
Вопросы экономики. – 2005. - №3. 118 – 130.
Рихтер Р. Новая институциональная экономи-
ческая теория // Российский журнал менеджмента.
- 2006. – Том 4, №1.
Уильямсон. О. И. Экономические институты
капитализма / О. И. Уильямсон. - Спб.: Лениздат,
1996.
Фаюстова Е. С., Попов Е. В. «Знания как
экономическая категория» // Стратегическое
планирование и развитие предприятий. Секция
1. Тезисы докладов и сообщений Седьмого
всероссийского симпозиума. – М., 2006.
Ходжсон Дж. Экономическая теория и
институты: Манифест современной институцио-
нальной экономической теории / Дж. Ходжсон.
- М.: Дело, 2003.
Эггертсон Т. Экономическое поведение и
институты / Т. Эггертсон. - М.: Дело, 2001.
Экономическая энциклопедия / гл. ред. Л.И.
Абалкин. – М.: Экономика, 1999.
Эрроу К. Информация и экономическое
поведение / К. Эрроу // Вопросы экономики.-
1995. - №5. 30-42.
Эрроу К. Возможности и пределы рынка как
механизма распределения ресурсов. – М., 1998.
Эггертсон Т. Экономическое поведение и
институты. - М., 2001.
|
|
|
Download full article
|
|
|
|
Radislav Jovović, Veselin Drašković
|
STRATEGIC KNOWLEDGE IN THE FUNCTION OF DEVELOPMENT DYNAMIC CAPABILITIES OF FIRMS
|
|
Article title
|
STRATEGIC KNOWLEDGE IN THE FUNCTION OF DEVELOPMENT DYNAMIC CAPABILITIES OF FIRMS
|
|
Authors
|
Radislav Jovović, Veselin Drašković
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
D80; I20; L10
|
|
Abstract
|
Strategic knowledge is considered as an important determination of an organization's value creation potential in dynamic, knowledge-based markets. Hence, this article presents an approach haw to develop model
which is base on strategic knowledge market learning and knowledge adjustment. This approach is aimed to respond effectively to changes in the external environment. Current process of globalization is associated with creating the new fields of economy which are covered by term "knowledge economy" (economy based on knowledge,
or economy of knowledge). Information and knowledge are in the theory and the practice more and more consider as immediately productive force and long time have been viewed as strategic factor of production. Through information we acquire the new knowledge about environment. Information minimizes risk and uncertainty, or, as K. Errow said "information is term which is direct opposites to the term uncertainty". Knowledge, information, skills, and innovation, revolutionary moved the borders of social and economic growth and development. They become the key wealth and a production resources which dominantly influence movements of so called "global order" to postindustrial era. The new business environment is characterized by interlink technologies of telecommunications, cable, satellite, computer equipment, software, and complex operating protocols, and the global information infrastructure. It is easy to minimise volume of changes and present them as installation of computers, computer net ware, and
cables. But, even so narrow view of changes shows that in the new economy increase speed - in commerce, travel, communications, and innovation. It creates uncertainty, complexity and turbulence. At the level of companies, need for new knowledge appears as means which will provide effective response to environment changes. Questions without answers are numerous. We don't have ambitions to cover all of them, because of limitation of space and ourselves, but through generalisation we will try to give mythological approach acquiring the new knowledge which helps increasing of dynamic capabilities of firms.
|
|
Key words
|
knouledgee, risk, learning, knowledge, dynamic capabilities, learning loop, inovation.
|
|
Literature
|
[1] Argyris, C. (1991), "Teaching Smart People To Lern",
Harvard Bussines Review 69, 99-108.
[2] Peter, F. D., (1995), Managing in a Time of Great
Change, Truman Talley Books/Dutton.
[3] Chandler Alfred D. jr, 1977, The Visible Hand:
The Managerial Revolution in American Business,
Cambridge: Harvard University Press.
[4] Chandler, Alfred, 1990, Scale and Scope: The
Dynamics of Industrial Capitalism, Cambridge:
Harvard University Press.
[5] Coase, R.H. (1937), "The Nature of the Firm",
Economics, 4(4), 386-405.
[6] Garvin, A.D., (1993), "Building a Learning
Organization", Harvard Bussines Review, julyaugust.
[7] D'Aveni, R., A. Ilintch, (1992), "Complex Patterns of
Vertical Ingegration in the Forest Product Industry",
Academy of Management Journal, Volume 35,
Number 3, 596-625.
[8] Drašković, V. (2002), Kontrasti globalizacije, Beograd-
Kotor, Ekonomika i Fakultet za pomorstvo.
[9] Errou, K (1995), "Informacija i ekonomičeskoje
provedenije", Voprosi ekonomiki No 5.
[10] Friedman, L. Tomas (1999), "Manifesto for a Fast
World", The New York Times Magazines, Sunday,
March 28,
[11] Kanter R. M., (1989), When Giants Learn to Dance,
London. Simon & Schuster.
[12] Kern, H., Johanson, R., and other, (1996), Managing
The New Enterprise, SunSoft Press, Prentice Hall
[13] Nonaka, I., (1991), "The Knowledge Creating
Company", Harvard Business Review ...
[14] Nonaka & Hirotaka T., (1995), Creating Company,
How Japanese Companies Create the Dynamics of
innovation, Oxford.
[15] Senge, M., et al., (1994), The Fifth Discipline
Fieldbook, Doubleday, New York
[16] Ruggles, R., (1998), The State of the Notion:
Knowledge Management in Practice, California
Management Review )
[17] Strassmann, P., (2000), "Knowledge Metrics",
Knowledge Management, 12/1999, 2.
[18] Teece, D., (2002), Managing Intellectual Capital,
Amazon.com
[19] Teece, D., Pisano, G., Shuen, A., (1997), Dynamic
Capabilities And Strategic Management, Strategic
Management Journal, Vol 18:7, 509-533
[20] Teece D., The Role of Firm Structure and Industrial
Context, Institute of Management, Innovation
& Organization – Haas School of Business, UC
Berkeley – unpublished)
[21] Williamson, Oliver, 1968, "Economies as an
Antitrust Defense: The Welfare Trade-offs,"
American Economic Review, 58(1), 18-36.
|
|
|
Download full article
|
|
|
|
Lidija Jauković, Vladimir Kašćelan
|
THE NEW SOLVENCY REGULATION FOR INSURANCE COMPANIES IN EU - THE SOLVENCY II PROJECT
|
|
Article title
|
THE NEW SOLVENCY REGULATION FOR INSURANCE COMPANIES IN EU - THE SOLVENCY II PROJECT
|
|
Authors
|
Lidija Jauković, Vladimir Kašćelan
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
G22
|
|
Abstract
|
The issue of solvency maintenance in the EU member countries is characterized by the permanent presence of the standardization of the insurance operations regulation. Directives of the EU for life and non-life insurance undertakings prescribe obligation of the insurance companies to maintain the solvency margin as the minimal amount of capital that needs to be possessed in case the unpredictable events occur. Nowadays, there are on going activities regarding the determination of the new solvency regulation for EU insurers, based on the specific features of the each insurance company, with intent to better match capital requirements with the insurer's market position, more efficiently protect insurers and shareholders of the insurance company and finally to increase the level of harmonization within the single insurance market.
|
|
Key words
|
solvency, solvency margin, minimum capital requirement, solvency capital requirement, risk margin, technical reserve.
|
|
Literature
|
Barać, I. (2002), "Nadzor i kontrola društava
za osiguranje", www.bosna-re.com
IAIS (2002), "Principles on Capital Adequacy
and Solvency", Tokyo, Januar.
IAIS (1997), "Principles of Insurance
Supervision", Basel, Septembar.
Jauković, L. (2007), "Metode određivanja
margine solventnosti osiguravajućih kompanija",
magistarski rad, Podgorica: Ekonomski fakultet.
Kašćelan, V. (2006), "On Solvency
Measurement of Insurance Companies in
Montenegro", Konferencija Euro XXI, Island.
Kašćelan, V., Jauković L. (2006), "Metode
određivanja margine solventnosti osiguravajućih
kompanija", Preduzetnička ekonomija, Vol. XI, br. 12,
ss. 148-162.
Sterzynski, M., Dhaene, J., "Solvency II:
changes within the European single insurance market",
workpaper, april 2006.
Sterzynski, M. (2003), "Single Insurance
Market", Belgian Actuarial Bulletin.
www.insure.com
|
|
|
Download full article
|
|
|
|
Lidia Kocurova
|
MANAGEMENT OF NATIONAL MARKET IS NECESSARY
|
|
Article title
|
MANAGEMENT OF NATIONAL MARKET IS NECESSARY
|
|
Authors
|
Lidia Kocurova
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
L51, M21
|
|
Abstract
|
If the society does not understand what it ought to, one should give explanations to it. At the up-to-date stage of development the mankind exists in the most unnatural form of market economy – in business economy. The economic science did not notice the developed form of the market, thus the state institutions are under the power of the market instead of the market management. Throughout the planet the market works all by itself and it lead to business-economy. The author sees the scientific way to the developed form of market relations, proposes his conception in which the developed market is presented as a perfect model of national economy. The way of its realization in comercially-production sphere is the subject of further discussions.
|
|
Key words
|
Developed market, national market management, arrangement of state formations on principles of developed market management, commercially-production sphere, business economy – the unnatural form of the market.
|
|
Literature
|
Абалкин Л. Роль государства в становлении
и регулировании рыночной экономики //
Вопросы экономики, 1997, №6.
Большой экономический словарь /
Под ред. А.Н.Азрилияна. – М.: Институт новой
экономики, 2002.
Гельвановский М. Иллюзии и реальность
ваучерной приватизации // Международный
журнал "Проблемы теории и практики
управления", 1993, №6.
Глазьев.С. Ю. Место России в меняющихся
взаимоотношениях центра и периферии мировой
экономики //Глобализация и Россия: материалы
круглого стола . М.,2001.
Голландский М. Существуют ли пределы
роста? // Международный журнал "Проблемы
теории и практики управления", 1993, №6.
Зверев А. Г. Записки министра. — М.:
Политиздат, 1973.
Зиновьев А. А. Посткоммунистическая
Россия: Публицистика 1991-1995 гг. — М.:
Республика, 1996.
Кондрашов В. Т. Методология и теория
цены и ценообразования. // Философия
хозяйства. Альманах Центра общественных наук
и экономического факультета МГУ им. М.В.
Ломоносова, 2001, № 5.
Корняков В. И. Усталость науки.
Постмодерновый мир и Россия / Под ред. Ю.М.
Осипова, О. В. Иншакова, М. М. Гузева, Е. С.
Зотовой. – М.; Волгоград: Изд-во Волгоградского
государственного университета, 2004.
Kreps T. Presserving Free Competive
Enterprise. New York, 1950. P.521. Цит. по
Козлова К.Б. Монополии и их буржуазные
критики (об экономических взглядах идеологов
немонополистической буржуазии США. М.
Мысль, 1996.
Лозинский С. В., Праздничных А.Н.
Процессы трансформации собственности:
мировой опыт. // Менеджмент в России и за
рубежом, 1998, №2..
Осипов Ю. М. Фиктивная сущность
постмодерна. Экономическая теория в XXI веке
– 1(8): Экономика Постмодерна / Под ред. Ю.М.
Осипова, О.В. Иншакова, Е.С. Зотовой. – М.:
Экономстъ, 2004.
Рубин Ю. Б., Солдаткин В.И. , отв. ред.
Биржевой портфель, М.:"СОМИНТЕК", 1992.
Рубинштейн. A. Наука, культура
и образование: препятствие или условие
экономического роста? // Российский
экономический журнал, 2005, №4.
Сакс Д. Порочное зачатие капитализма в
России // Кузнецкий рабочий, 1997, №3.
Спицын А. Интеграция и модернизация
экономики // ЭКОНОМИСТ, 2006, №5.
Стиглиц Дж. Многообразнее инструменты,
шире цели: движение к пост-Вашингтонскому
консенсусу // Вопросы экономики,1998, № 8.
Стиглиц Дж. Куда ведут реформы?//
Вопросы экономики, 1999, №7.
Флекснер К. Просвещенное общество.
Экономика с человеческим лицом. М.:
Международные отношения, 1994.
Экономическая теория в XXI веке – 2(9):
Глобальное и национальное в экономике/ под
ред. Ю.М. Осипова, В.В. Чекмарева, Е.С.Зотовой.
— В 2 - X т. Т. 1. — М.:Экономист, 2004. –
C.316
|
|
|
Download full article
|
|
|
|
Andrzej Bolesta
|
CHINA AS A DEVELOPMENTAL STATE
|
|
Article title
|
CHINA AS A DEVELOPMENTAL STATE
|
|
Authors
|
Andrzej Bolesta
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
P50, O38
|
|
Abstract
|
Developmental state is often conceptually positioned between liberal open economy model and a central-planned model. The theory of developmental state isn't capitalist or socialist. The developmental
state is based on combinations of positive advantages private business and the positive role of government. First of all, economic development requires a state which can create and regulate appropriate conditions
for development. Successful conditions require a state which has the necessary tools to deal with burden, and it is not merely the guardian of certain freedoms. The model of developmental state is present by China
example. This paper try to contributes discovering the main futures of the model developmental state.
|
|
Key words
|
developmental state,interventionism,fre market,neo-liberal economy, democracy.
|
|
Literature
|
Balcerowicz, L. (1997), Socjalizm, kapitalizm,
transformacja: szkice z przełomu epok, PWN,
Warsaw.
Chang, H. J. (1999), "The Economic Theory
of the Developmental State", De Larosiere, J. (2002)
"Evolution of the International Financial System",
WSPiZ & TIGER Distinguished Lectures Series, No. 8,
WSPiZ, Warsaw.
Dutta, I. Mishra, A. (2004), "Corruption
and Competition in the Presence of Inequality and
Market Imperfections", Working Paper 123, Centre
for Development Economics, Delhi School of
Economics
Johnson, Ch. (1982), "MITI and the Japanese
Miracle; The Growth of Industrial Policy 1925-1975",
Stanford University Press.
Johnson, Ch. (1999), "The Developmental
State: Odyssey of A Concept", in: Woo-Cumings, M.
(ed.) (1999), The Developmental State, Cornell University
Press.
Lariaux, M. (1999), "The French Developmental
State as Myth and Moral Ambition", Woo-
Cumings, M. (ed.) (1999), The Developmental State,
Cornell University Press.
Lin, Ch. (2006), The Transformation of Chinese
Socialism, Duke University Press.
Schneider, B.R. (1999), "The Desarollista State
in Brazil and Mexico", Woo-Cumings, M. (ed.) (1999),
The Developmental State, Cornell University Press.
Tomkiewicz, J. (2006), Polityka fiskalna a
inwestycje w gospodarce posocjalistycznej, WSPiZ, Warsaw.
Woo-Cumings, M. (ed.) (1999), The Developmental
State, Cornell University Press.
|
|
|
Download full article
|
|
|
|
L. Simonova, T. Pogodaeva
|
REGIONAL COMPETITIVENESS MANAGEMENT AND COMPETITIVE STATUS OF REGIONS UNDER CONDITIONSOF THE RUSSIAN ECONOMY INTERNATIONALIZATION
|
|
Article title
|
REGIONAL COMPETITIVENESS MANAGEMENT AND COMPETITIVE STATUS OF REGIONS UNDER CONDITIONSOF THE RUSSIAN ECONOMY INTERNATIONALIZATION
|
|
Authors
|
L. Simonova, T. Pogodaeva
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
R10
|
|
Abstract
|
The article describes the actual issues of forming the management system of competitiveness on region levels and developing the model of region competitiveness estimate. Also the way institutional environment and marketing infrastructure institutions influence on competitiveness of region economy is considered. The competitiveness of the Russian regions is evaluated. Differences in competitiveness level for general types of regions are determined. Recommendations for improving competitiveness of Russian regions are proposed.
|
|
Key words
|
Internationalization, Regional Competitiveness, Institutional Environment, Marketing Infrastructure Institutions, Transaction Costs.
|
|
Literature
|
is not available
|
|
|
Download full article
|
|
|
|
Mimo Drašković
|
POSIBILITIES OF APPLIING INTEGRATED MARKETING LOGISTIC IN THE HARBOUR-TRANSPORTATION SERVICES
|
|
Article title
|
POSIBILITIES OF APPLIING INTEGRATED MARKETING LOGISTIC IN THE HARBOUR-TRANSPORTATION SERVICES
|
|
Authors
|
Mimo Drašković
|
|
Category
|
Economics
|
|
Article type
|
Science Article
|
JEL Classification
|
L92; R40
|
|
Abstract
|
Logistics as a relatively new science with its methodology of optimization and organization of rational movement of tangible (cargo) and accompanying flows, such as informational, financial and service,
enables the increase in efficiency of these flows, decrease of expenses, greater number of satisfied clients and creation of added value as the basis of competitive advantage. Due to the mentioned characteristics, the
integrated marketing logistics has great possibilities of being applied in realization of harbour-transport services. The use of integrated marketing logistics as a complex system of planning, organization and control of cargo related flows in harbour transport, implies the use of contemporary electronic, communication, transport and information technologies.
|
|
Key words
|
Integrated Marketing Logistic, Transportation System, Port, Harbour Services.
|
|
Literature
|
Gecowets, G. (1979), »Phisical distribution
management«, Defense Transportation Journal 35, No
4.
Sergeev, V. I. (2005), Korporativna logistika
– 300 otvetov na voprosi profesionalov, Moskva:
Infra-M.
Illeris, S. (1996), Service Economy – A
Geographical Approach, New York: John Wiley and
Sons.
Kolanović, I., Badurina, E. (2002), »Lučki
sustav u logističkom lancu«, Pomorski zbornik br. 40,
ss. 223-49.
Kurganov, V. (2006), Logistika. Transport i
sklad v cepi postavok tovarov, Moskva: Knižnij mir.
Mirotin, L. B. , red. (2003), Transportnaja
logistika, Moskva: Ekzamen.
Pupovac D., Zelenika R. i Boras I. (2003),
»Marketing logističkoga sustava«, Naše more br. 50 (1-
2), 61-67.
Roca, Božidar (2004), Marketing logistika,
Bački Petrovac: Kultura.
Stock J. R., Lambert M. D. (2001), Strategic
Logistics Management, New York: McGraw-Hill.
Stanivuković, Dragutin (2003), Logistikaorganizacija
i menadžment, Novi Sad: Fakultet
tehničkih nauka.
Tauzović, T. Jovo (2001), Sistemska teorija
upravljanja, II dio: primjena u morskom brodarstvu i
lukama, Podgorica, Univerzitet Crne Gore.
Vasiljević, Dragan (2001), »Logistički
menadžment u modeliranju snabdevanja i distribucije
proizvoda«, Strategijski menadžment br. 4, ss. 89-93.
www. lukabar.cg.yu
www.luka.kp.si
www.lukarijeka.hr
|
|
|
Download full article
|
|
|