This study seeks to test the existence of the crowding-out (or- in) hypothesis in a sample of 17 Emerging Europe countries divided in two panels. The study employs a panel autoregressive distributed ...lag (ARDL) model based on three estimators, Mean Group Estimator (MG), Pooled Mean Group (PMG) and Dynamic Fixed Effect (DFE), in order to evaluate the of stability of short run and long run coefficients using consistently compiled public borrowing and private investment data between 2000 and 2019. The empirical findings of the paper generally confirm the existence of a crowding out effect in both long run and short run in European post-transition countries, and in the long run for European transition countries. More specifically, elasticity of private investment with respect to public debt is greater in the European transition countries than in the European post-transition countries. However, the findings on the crowding out (in) effect of government spending and economic growth on private investment are mixed and conflicting in both the long run and the short run. Accordingly, the study recommends that selected countries should reassess their austerity agendas employed for lowering debt levels, and follow new strategies for managing public debt burden.
Bosnia and Herzegovina has been lacking the collective political power to address the reforms that were necessary for progress towards EU over the years. The B&H politicians could not agree upon any ...effective coordination mechanism on EU issues. The lack of coordination mechanism has negatively affected the country’s interaction with the EU. Beside the coordination mechanism the other political issues could not be resolved. The EU Commission intensively facilitated resolution of the Sejdić-Finci ruling of the European Court of Human Rights that B&H has to implement, but without any success. The political actors have also been unable to agree upon countrywide strategy required for Instrument for Pre-Accession Assistance, in sectors, such as: agriculture, energy, transport and environment. These negative developments led to a substantial reduction of funding in these areas. Political disagreements have caused economic stagnation on moving towards European standards. In February 2014, widespread, citizen-led protests have occurred. These protests have underlined the fragility of the socio-economic situation. The EU Commission has launched a New Approach for B&H towards EU aiming to shift the focus towards economic reforms and issues of direct concern to citizens. This included development of a ‘Compact for Growth and Jobs’. The Compact is supposed to be the yardstick for the necessary economic reforms. In this paper we will explain the importance of the New Approach for B&H, as well as what ‘Compact for Growth and Job’ brings to B&H.
Humor styles across 28 countries Schermer, Julie Aitken; Rogoza, Radosław; Kwiatkowska, Maria Magdalena ...
Current psychology (New Brunswick, N.J.),
07/2023, Letnik:
42, Številka:
19
Journal Article
Recenzirano
Odprti dostop
Responses to a measure of the four humor styles of affiliative, aggressive, self-enhancing, and self-defeating from the Humor Styles Questionnaire (HSQ; Martin et al.
Journal of Research in ...Personality, 37
(1), 48–75,
2003
) were collected from individuals (
N
= 8361) in 28 countries encompassing 21 different languages. The purpose of this global collaboration was to examine both differences and similarities of humor styles across nations at the descriptive level. Across the countries, typically the highest scores were for the affiliative humor style. When each humor style was examined, some country samples demonstrated differences in mean scores. For example, the samples from Hungary, Indonesia, South Africa, and Serbia had high self-enhancing scores and Japan scored the lowest. In contrast to mean differences, almost all of the countries demonstrated positive inter-scale correlations, similar sex differences, and similar correlations with age, suggesting more similarities than differences. As discussed, some of the samples had low internal consistency values and poorly fitting factor structures for the humor style scales, suggesting that those results should be interpreted with caution.
The energy efficiency represents a global and multi-faceted issue. It is especially important in the former socialist countries belonging to the Balkan’s region being geographically located in the ...Southeastern Europe (SE). The research problem addressed in this paper focuses on the unexplored potential links between the energy efficiency and the economic development. Energy efficiency is deemed to be highly job intensive phenomenon. It delivers multiple long-range benefits by the means of increasing competitiveness, energy affordability, and decreasing energy bills. Furthermore, it seeks to tackle the important issues of reduced reliance on energy importing, reduction in harmful greenhouse gas emissions and freeing up of funds to be critically invested in other economic areas. Energy efficiency, efficient and effective policies have been found to be directly linked to job creation and deliverance of the economic stimulus. These types of jobs are related to the activities with the paramount aim in reduction of the energy consumption. Investments in energy efficiency in the buildings and construction sector have been found to have brought about the greatest macroeconomic impact. This impact is due to the increasing need for the construction of new buildings and renovation of existing ones, in addition to its considerable potential in activation of the above listed industries’ value chains. The introduction of energy management system (EMS) being exemplified through the set of processes which utilize data to maintain and enhance energy efficiency and operational efficiency could be one of the important avenues to pursue. On the other hand, the EMS reduces the energy intensity and detrimental environmental polluting impact.
•predicting self-report loneliness in 28 countries (N = 8345).•horizontal-collectivism (for 19 country samples) predicted lower loneliness scores.•horizontal-individualism (for seven country samples) ...predicted lower loneliness scores.•vertical-individualism (for 16 country samples) predicted feeling more loneliness.•vertical-collectivism (for six country samples) predicted higher loneliness scores.•those who report that their culture is more egalitarian, also tend to report being less lonely.•those who report that their culture reflects individuality and is a hierarchical society are lonelier.
This paper investigates how horizontal and vertical individualism and collectivism predict self-report loneliness in addition to the variance accounted for by age and sex in 28 countries (N = 8,345). Horizontal and vertical aspects of individualism and collectivism had small but significant contributions to predicting loneliness. Horizontal-collectivism (for 19 country samples) and, to a lesser extent, horizontal-individualism (for seven country samples), significantly predicted lower loneliness scores. Vertical-individualism (for 16 country samples), and to a lesser extent, vertical-collectivism (for six country samples), predicted feeling more loneliness among our participants. Adjusted R2 values suggested that between 0.6% and 27.7% of self-report loneliness was predicted. These results suggest that those who value egalitarian social relations also tend to report being less lonely whereas those who value individuality and competitiveness endorse the loneliness items more. These results are of importance to those investigating and helping lonely individuals by appreciating the influence of perceived culture.
After 21 post-war years Bosnia and Herzegovina (BiH) found itself in a “middle-income trap”. It is not classified into low income countries because workers and citizens do not accept low wages and ...low standard of living, nor does it fit into high income countries because those workers do not produce sophisticated products that ensure competitiveness, export and the basis for high wages and the standard of living. The development vision of BiH is to become a high income country. However, the state has neither suitable strategy nor policy.This paper represents a detailed research of multifaceted secondary sources (i.e. journal articles, government publications, internet sources, etc.), conducted in a cross-sectional time manner. By utilizing secondary sources of data we conducted our own calculations based on data from the World Bank, the Central Bank of Bosnia and Herzegovina and Agency for Statistics of Bosnia and Herzegovina.We hold that key sectors which would provide return to pre-crisis GDP growthrate of 6-7 percent per year, should be: financial system, diaspora and digitalizationof industry (with the introduction of suitable strategies and policies), each of whichwould contribute to GDP growth of two percent per year. The key agents of changeshould be the leaders of value chains (large-scale companies), cities-regions, gazellecompanies (fast growing small and medium size companies) and micro digital companies.
After 21 post-war years Bosnia and Herzegovina (BiH) found itself in a “middle-income trap”. It is not classified into low income countries because workers and citizens do not accept low wages and ...low standard of living, nor does it fit into high income countries because those workers do not produce sophisticated products that ensure competitiveness, export and the basis for high wages and the standard of living. The development vision of BiH is to become a high income country. However, the state has neither suitable strategy nor policy. This paper represents a detailed research of multifaceted secondary sources (i.e. journal articles, government publications, internet sources, etc.), conducted in a cross-sectional time manner. By utilizing secondary sources of data we conducted our own calculations based on data from the World Bank, the Central Bank of Bosnia and Herzegovina and Agency for Statistics of Bosnia and Herzegovina. We hold that key sectors which would provide return to pre-crisis GDP growth rate of 6-7 percent per year, should be: financial system, diaspora and digitalization of industry (with the introduction of suitable strategies and policies), each of which would contribute to GDP growth of two percent per year. The key agents of change should be the leaders of value chains (large-scale companies), cities-regions, gazelle companies (fast growing small and medium size companies) and micro digital companies.
Using the survey data obtained from doctors in Connecticut, we estimate the "true" costs of defensive medicine and medical malpractice awards via litigation in the overall aggregate picture of U.S. ...national annual health expenditures.
Progressives claim that these costs amount only to approximately 2% of total annual health expenditures, while conservatives claim that these costs are much higher, in the neighborhood of 10%. Conservatives want to reform the current medical malpractice system because the savings could be significant. Progressives claim that this issue is a "red herring" in the overall picture of health care reform and that other factors such as hospital costs, payments to physicians and pharmaceutical prices are the largest contributors to runaway health care costs, currently amounting to 18% of GDP. The health of the national economy, deficit reduction and future prosperity will depend upon the speed and quality of the cost reducing solutions.
An in-depth look into cost and profit structure of each provider's procedure and legislative push for price and quality transparency of the informed and educated constituents are recommended to improve this serious national, socio-economic problem.
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