Publisher: Vilnius University   (Total: 38 journals)   [Sort by number of followers]

Showing 1 - 38 of 38 Journals sorted alphabetically
Accounting Theory and Practice     Open Access   (Followers: 11)
Acta medica Lituanica     Open Access  
Acta Paedagogica Vilnensia     Open Access  
Archaeologia Lituana     Open Access  
Baltic J. of Political Science     Open Access   (Followers: 1)
Baltistica     Open Access  
Criminological Studies     Open Access  
Ekonomika (Economics)     Open Access  
Informacijos mokslai     Open Access  
J.ism Research     Open Access   (Followers: 5)
Jaunujų mokslininkų darbai     Open Access   (Followers: 3)
Kalbotyra     Open Access  
Knygotyra (Book Science)     Open Access  
Lietuvių kalba     Open Access  
Lietuvos istorijos studijos     Open Access  
Lietuvos Matematikos Rinkinys     Open Access  
Lietuvos Statistikos Darbai     Open Access   (Followers: 1)
Literatūra     Open Access  
Lithuanian Surgery : Lietuvos Chirurgija     Open Access  
Nonlinear Analysis : Modelling and Control     Open Access   (Followers: 1)
Organizations and Markets in Emerging Economies     Open Access   (Followers: 1)
Politologija     Open Access  
Problemos     Open Access  
Psychology     Open Access  
Religija ir kultūra     Open Access  
Respectus Philologicus     Open Access  
Scandinavistica Vilnensis     Open Access  
Semiotika     Open Access  
Slavistica Vilnensis     Open Access   (Followers: 1)
Socialinė teorija, empirija, politika ir praktika     Open Access  
Socialiniai tyrimai     Open Access  
Sociology : Thought and Action     Open Access  
Taikomoji kalbotyra     Open Access   (Followers: 2)
Teisė : Law     Open Access  
Verbum     Open Access   (Followers: 1)
Vertimo studijos (Translation Studies)     Open Access   (Followers: 1)
Vilnius University Open Series     Open Access  
Vilnius University Proceedings     Open Access  
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Ekonomika (Economics)
Number of Followers: 0  

  This is an Open Access Journal Open Access journal
ISSN (Print) 2424-6166 - ISSN (Online) 1392-1258
Published by Vilnius University Homepage  [38 journals]
  • Money Talks: A Holistic and Longitudinal View of the Budget Basket in the
           Face of Climate Change and Sustainable Finance Matters

    • Authors: Enkeleda Lulaj
      Abstract: This study presents a holistic and longitudinal view of the household budget basket concerning climate change and sustainable finance matters. It aims to understand their impact on the budget basket by examining the relationship between money, climate change and sustainable finance in a global economy for transition countries. Comprehensive CPI data were collected in Kosovo from 2002 to 2022, and data analysis was performed using statistical methods such as t-tests and proximity matrixes in SPSS. The results show significant differences between the average and desired values within the budget basket, indicating changes in consumer behavior, particularly in food expenditures, budget allocations, and climate change impacts. Interesting patterns emerge, such as correlations between bread, cereals, and meat, and the absence of fish in some purchases. Spending on clothing and other goods also deviates from desired values. These findings highlight the complex relationship between money, climate change, sustainable finance, and consumer spending patterns, and underscore the need to address the gap between expected and desired spending values for the global economy in transition economies. Future research should focus on analyzing household spending and its interaction with other factors to improve personal financial management and promote sustainable financial behavior in a larger number of global economies.
      PubDate: Thu, 11 Apr 2024 00:00:00 +000
       
  • What Is the Level of Savings Needed for High-Technology Export Led
           Growth'

    • Authors: Ebru Gül Yılmaz
      Abstract: High-tech export-led growth is an important determinant in terms of having a milestone feature for the level of development of countries. Although the restrictions arise from recent literature, it is obvious that countries, like Korea with 35.7% the high-technology product export ratio and China with 31.3%, that have set a strategy on the high-technology export-led growth could have managed to achieve what they aimed to have. It is obvious that to make any investment in high-technology products, a certain level of savings should be achieved. The purpose of this paper is to determine the savings level that is necessary for achieving a high-technology export level for economic growth. The motivation arises from the willingness to shed light on policymakers on their way to achieve the high-technology export-led growth. Sixteen countries with high-technology product export levels higher than the World’s average are chosen in order to test the HXT export-led growth strategy at the initial stage. The period of 2007–2020 has been chosen due to the availability of the data. After achieving the result that there is a bidirectional casualty relationship between HTX and economic growth, by using the threshold regression model it is concluded that after achieving the savings level of 38.73%, countries can create an increase in their HTX level. And this is a very important output for policymakers for setting their strategies for the high-technology export-led growth. Hence the main aim of the policymakers is to increase welfare level of citizens, they should aim to reach 38.73% in order to achieve the high-technology export-led growth. After reaching this savings level they will have a chance to make investments for producing high-technology products by routing their savings to research and development and getting patents. In this way, they will have a chance to increase the welfare levels with the HTX-led growth strategy.
      PubDate: Thu, 11 Apr 2024 00:00:00 +000
       
  • CEO Type and Firm Performance: Evidence from Nasdaq Baltic

    • Authors: Donatas Voveris
      Abstract: Despite the well-established characteristics of shareholder-CEOs and professional-CEOs, previous research has yielded inconclusive findings on the actual impact of the separation of shareholding and management on firm financial performance. This study aimed to address this gap by going off the beaten path of research centered on the U.S.-listed firms and investigating 55 firms listed on the Nasdaq Baltic market in the post-Soviet countries of Estonia, Latvia, and Lithuania from 2017 to 2021. While professional-CEO-led firms displayed higher Tobin’s Q (M = 1.37) compared to shareholder-CEO-led firms (M = 1.17), and shareholder-CEO-led firms had a higher average ROE (M = 7.76%) compared to professional-CEO-led firms (M = -1.74%), independent samples t-test analysis revealed that these differences in either stock market performance (p = .250 > .05) or shareholder return (p = .193 > .05) were statistically insignificant. These findings challenge organizational life cycle theory and agency theory predictions, aligning instead with stewardship theory and upper echelons theory, suggesting that CEO characteristics, motivation, and actions, while clearly distinct for shareholder-CEOs and professional-CEOs, are not the sole determinant of financial performance in mature firms. Accordingly, shareholder-CEOs, other stockholders, and boards of directors should draw support from these findings in their considerations regarding firm leadership.
      PubDate: Thu, 11 Apr 2024 00:00:00 +000
       
  • Does Uncertainty in Climate Policy Affect Economic growth' Empirical
           Evidence from the U.S.

    • Authors: Burcu Savaş Çelik Başak Özarslan Doğan
      Abstract: This study aims to empirically investigate the short- and long-term effects of climate policy uncertainty on economic growth in the U.S. for the years 1990-2020. In the study, total workforce, foreign direct investments, and financial development variables were also selected as control variables, and the effects of these variables on economic growth were examined. The study used the ARDL bounds test approach to investigate the cointegration between the variables. The findings confirm the existence of a positive and statistically significant relationship between climate policy uncertainty and economic growth in the sample period in the U.S. In addition, the effects of total labor force, foreign direct investments, and financial development on economic growth were found to be positive and statistically significant in the study.
      PubDate: Thu, 11 Apr 2024 00:00:00 +000
       
  • Determining the Future Direction and Amount of Tax Revenue in Indonesia
           Using an Error Correction Model (ECM)

    • Authors: Yossinomita Yossinomita Haryadi Haryadi Siti Hodijah
      Abstract: The characteristics of how tax revenues, as well as the macroeconomic factors that are expected to influence and determine tax revenues, develop have become the basic macroeconomic assumptions by the government in compiling various components of the posture of the state revenue and expenditure budget to maintain and increase the expected economic growth. To understand the evolution of tax revenues and the impacts of these variables, it is important to investigate the relationship between tax revenues and specific macroeconomic variables. This study aims to identify the effect of macroeconomic variables on Indonesian tax revenues in the long and short term using multiple regression analysis in an error correction model (ECM). The macroeconomic conditions and variables used in this study are gross domestic product (GDP), inflation, interest rates, and exchange rates. This study employed the time-series data from 2000–2019. The ECM method was conducted in the following stages: stationarity test, cointegration test, and ECM regression test. The ECM model is declared valid, if the cointegrated variables are supported by a significant and negative ECT coefficient value. The statistical analysis, i.e. t-statistic, the F-statistic, and the coefficient of determination, were used to evaluate the significance of the ECM model. The results showed that among the four of macroeconomic variables used in this study, GDP has the highest significant effect on the tax revenue. GDP has a highly positive and considerable impact on tax revenue. The increasing of GDP growth is in line with the realization of tax revenue. A strong positive long-term (t-statistic = 13.94075*, P-value = 0.0000) and short-term (t-statistic = 5.515026*, P-value = 0.0001) association is also observed between inflation and tax revenue. Inflation has a favorable and considerable impact on tax income either in long (t-statistic = 2.298586**, P-value= 0.0363) or short term (t-statistic = 2.515695
      PubDate: Thu, 11 Apr 2024 00:00:00 +000
       
  • Impact of Energy Use on Air Pollution: Evidence from OCED Countries

    • Authors: Atdhetar Gara Shenaj Hadzimustafa Gazmend Amaxhekaj Driton Qehaja
      Abstract: Air pollution poses significant environmental and health risks, with numerous studies suggesting its dire consequences ranging from respiratory diseases to global climate change implications. In this context, understanding energy consumption patterns and their impact on air pollution is critical, especially in developed nations with high energy consumption rates. This paper empirically analyzes the impact of energy use on air pollution in OECD countries – a group of nations that play a pivotal role in global energy consumption and policy-making. Despite their economic advancements, the implications of their energy choices on air quality have not been extensively studied, presenting a gap in the literature. Spanning 12 years from 2010 to 2021, our research encompasses a total of 456 observations, employing panel data. We aim to unveil the relationship between energy use, both traditional and renewable and air pollution levels. The variables studied include Energy use per capita, Alternative and nuclear energy, Greenhouse gas emissions, Energy imports, Access to electricity, and the production of renewable energy (air, water, solar, geothermal). Leveraging various econometric models such as OLS, OLS Robust, fixed, and random effects models, our findings reveal that electricity use exacerbates air pollution levels. Particularly, the increase in carbon dioxide, coupled with the rising access to electricity, deteriorates air quality. In contrast, electricity sourced from renewables like water, wind, nuclear, and geothermal energy aids in mitigating air pollution, emphasizing the importance of sustainable energy choices for future policy considerations in OECD nations.
      PubDate: Thu, 11 Apr 2024 00:00:00 +000
       
  • Europe’s Energy Crisis; Winners of the Crisis with Market Data

    • Authors: Anıl Çağlar Erkan Samet Gürsoy Mesut Doğan Sevdie Alshiqi
      Abstract: Prices of natural gas, coal, and electricity have risen to the highest level of the last ten years in the last quarter of 2021. It’s possible to express that energy prices in 2021 were much higher, compared to the crisis of 2020’s Covid-19 breakout’s historical descent in the first few months. There are a few factors to this rally. The epidemic caused structural fractions on a global scale. But in general, there is no doubt that crisis factors, which mainly concern Europe, are not limited (with) recovery process in the economy. With this notion, the main structure of this work’s subject aims to analyze the lead-up to the energy crisis that became apparent in 2021. Also, in the work, the energy crisis that’s been occurring will be analyzed thoroughly, with the help of its dynamics and causes. Within the scope of the study, the Hatemi-J (2012) asymmetric causality test was run using the weekly stock closing data of EU natural gas prices (EUGP), Gazprom (XGASPR), and Equinor (XEQUNR) for the period 05.11.2017–28.11.2021. As a result of the analysis, a causal relationship between the variables was determined. However, the work will positively contribute to the literature, being a guide to the current situations and overcoming the similar crisis that might occur in the future.
      PubDate: Mon, 09 Oct 2023 00:00:00 +000
       
  • Does Tax Effort Moderate the Effect of Government Expenditure on Regional
           Economic Growth' A Dynamic Panel Data Evidence from Indonesia

    • Authors: Khairul Amri Raja Masbar B. S. Nazamuddin Hasdi Aimon
      Abstract: Our research study aims to analyze the effect of government expenditure on goods and services and capital toward regional economic growth in Indonesia. We position local tax effort as a moderating variable between economic growth and government expenditures. Using a panel data set of 24 provinces in Indonesia from 2006 to 2015, a dynamic model of GMM was applied to estimate the effect of public expenditure on growth. The research study provides empirical evidence that the two kinds of public spending positively and significantly affect economic growth. Conversely, local tax efforts negatively affect economic growth. Besides, local tax efforts also reduce the positive impact of capital expenditure on economic growth. In other words, local tax efforts negatively moderate the influence of government expenditure on the output growth of the regional economy.
      PubDate: Wed, 04 Oct 2023 00:00:00 +000
       
  • The Estimation of Traditional Phillips Curve

    • Authors: Algirdas Bartkus
      Abstract: This article presents theoretical foundations for original Phillips curve formulation and an empirical investigation, where the structure of the theoretical model serves as a template for the creation of the empirical model.
      For a couple of decades the majority of empirical Phillips curve type assessments are performed using the New Keynesian Phillips curve with Calvo pricing as a benchmark for this type of relationship. New Keynesian model has solid microeconomic foundations, has proved itself very well in the analysis of price stickiness; nevertheless, it is not without limitations. The main insufficiency of New Keynesian model is that it has no direct links to the conditions and the changes that occur in the labour market. The need to encompass the conditions in labour market comes from the coincides that occur time to time when the growth rates of aggregate production may diminish or even become negative, but the level of employment may stay the same, what in turn means that the pressure on inflation won’t drop, despite the fact that production level has not increased as expected or even has decreased. This article aims to fill this gap and presents alternative theoretical foundations for Phillips curve, that lead to the model with direct links to the labour market. Theoretical foundations are necessary as they may help to minimize the risks to miss some important details or to omit important factors. Although the empirical analysis in this paper is based on Lithuanian data, it is not country specific.
      PubDate: Wed, 04 Oct 2023 00:00:00 +000
       
 
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Publisher: Vilnius University   (Total: 38 journals)   [Sort by number of followers]

Showing 1 - 38 of 38 Journals sorted alphabetically
Accounting Theory and Practice     Open Access   (Followers: 11)
Acta medica Lituanica     Open Access  
Acta Paedagogica Vilnensia     Open Access  
Archaeologia Lituana     Open Access  
Baltic J. of Political Science     Open Access   (Followers: 1)
Baltistica     Open Access  
Criminological Studies     Open Access  
Ekonomika (Economics)     Open Access  
Informacijos mokslai     Open Access  
J.ism Research     Open Access   (Followers: 5)
Jaunujų mokslininkų darbai     Open Access   (Followers: 3)
Kalbotyra     Open Access  
Knygotyra (Book Science)     Open Access  
Lietuvių kalba     Open Access  
Lietuvos istorijos studijos     Open Access  
Lietuvos Matematikos Rinkinys     Open Access  
Lietuvos Statistikos Darbai     Open Access   (Followers: 1)
Literatūra     Open Access  
Lithuanian Surgery : Lietuvos Chirurgija     Open Access  
Nonlinear Analysis : Modelling and Control     Open Access   (Followers: 1)
Organizations and Markets in Emerging Economies     Open Access   (Followers: 1)
Politologija     Open Access  
Problemos     Open Access  
Psychology     Open Access  
Religija ir kultūra     Open Access  
Respectus Philologicus     Open Access  
Scandinavistica Vilnensis     Open Access  
Semiotika     Open Access  
Slavistica Vilnensis     Open Access   (Followers: 1)
Socialinė teorija, empirija, politika ir praktika     Open Access  
Socialiniai tyrimai     Open Access  
Sociology : Thought and Action     Open Access  
Taikomoji kalbotyra     Open Access   (Followers: 2)
Teisė : Law     Open Access  
Verbum     Open Access   (Followers: 1)
Vertimo studijos (Translation Studies)     Open Access   (Followers: 1)
Vilnius University Open Series     Open Access  
Vilnius University Proceedings     Open Access  
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JournalTOCs
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
Email: journaltocs@hw.ac.uk
Tel: +00 44 (0)131 4513762
 


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