Ekonomika

Greta Drūteikenė, Albinas Marčinskas. Universiteto įvaizdžio kaita. Vilnius: Vilnius University, 2010. 320 p.

University Image: new approach and perspective theoretical and practical decisions  464.2 KB

Jau parsisiuntė: 16

Meilė Jasienė. Palūkanų normos ir jų rizika. Vilnius: Vilnius University, 2010. 304 p.

A comprehensive publication on interest rates and their risks  387.43 KB

Jau parsisiuntė: 22

The paper presents a theoretical model of synergetic effect and explores the Lithuanian fixed telephone communications market before and after liberalization in accordance with network externality and user utility change when new users login. Based on the developed theoretical model, an empirical research was done. The aim of the research was to investigate the synergetic effect and to show the importance of network externality in the Lithuanian fixed telephone communications market. According to our theoretical model, there may be a situation when, after liberalization and due to increased competition, the profit of the market monopolist (ex) grows. This means that the competition caused by the decrease in revenue is offset by gains in the supply. In this case, the synergetic effect caused by the network externality takes place.

Research on synergy caused by network externality: the case of Lithuanian fixed telephone communications market  2.44 MB

Jau parsisiuntė: 17

This article is structured as follows. The introduction provides a brief explanation of transfer pricing and its significance to practitioners and researchers. The purpose of transfer pricing is next considered. Then the conception and assignment of transfer pricing are discussed. This leads to a review of major theoretical and empirical researches on transfer pricing. The paper finally calls for further researches which should preferably be grounded on field work within a theoretical framework.

Evaluation of theoretical and empirical researches on transfer pricing  1.1 MB

Jau parsisiuntė: 26

Extensive literature on business process management (BPM) suggests that organizations could enhance their overall performance by adopting a process view of business. Hammer (2007) states that, in virtually every industry, companies of all sizes have achieved extraordinary improvements in cost, quality, speed, profitability, and other key areas by focusing on, measuring and redesigning their customer-facing and internal processes. In reality, many things need to be changed to harness the power of processes, but how to ensure what exactly need to be changed, how much, and when? In the article, a methodologically extended Hammer’s business process maturity model framework and its methodological implementation guidelines are presented. The developed framework serves as a diagnostic tool for the identification of organization process maturity level and to do reasoned optimal improvements which lead to a better overall organization performance.

Business process maturity level determination: a methodological outline  1.22 MB

Jau parsisiuntė: 26

The problem of improving the methods of enterprise rating estimation is considered in the article. It is proposed to apply an integrated approach to the analysis of the aggregate financial performance of enterprises, based on the modified clustering method which takes into account the possibilities of Kohonen’s self-organizing

Rating of enterprises’ activities by the modified cluster method  2.96 MB

Jau parsisiuntė: 23

Rating of enterprises’ activities by the modified cluster method  2.96 MB

Jau parsisiuntė: 23

The cluster-based approach offers a new way of dividing and understanding an economy and competitiveness. The main objective of the present study was to reveal the influence of industrial clusters on Freeport’s of Riga business competitiveness and integrated development. The cluster environment stimulates competitiveness and competition inside the cluster and the industry. One of the reasons for the current problems of Latvia’s competitiveness is the low level of business entities’ co-operation and business integration in the national economy of Latvia and the Freeport of Riga in particular. Companies are isolated in their approaches to increasing their competitiveness and entering the global market. In many cases it is too hard a task for a single company. Authors formulate the business entities’ co-operation and integration as a gateway to an integrated development and higher competitiveness in the global market. The cluster environment stimulates the integrated development of all business entities within the cluster. The article was written using scientific, normative and legal sources and data, systemizing good practice in other branches, as well as the results on authors’ systematic researches on the topic. The monographic method, method of logical analysis and synthesis, analysis of statistical information and the expert method wre applied.

Cluster approach as one of determinants for increasing competitiveness of Riga freeport  872.31 KB

Jau parsisiuntė: 18

Recently, Lithuanian trade unions have announced the requirement for the government to raise the minimum wage by more than 10 percent, e.g. from 800 to 900 Lt. The aim of the study was to investigate the possible consequences of the implementation of such a requirement. Minimum wage (MW) macroeconomics in theoretical aspects and the practical evidence of it consequences in the EU countries are analyzed in the first part of the article. The second part provides an assessment of the impact of the 100 Lt raise in MW on the Lithuanian labor market. This assessment is carried out using econometric techniques.

The impact of minimum wage on the labour market of Lithuania  788.73 KB

Jau parsisiuntė: 35

In this paper, I estimate different time hazard models of the exit from different labour market states – unemployment, employment and inactivity – in Denmark. I find that women and individuals over fifty are more likely to experience long-term unemployment and inactivity. The less educated and unskilled workers are found to be another risk group to face marginalisation. Being previously employed reduces the risk of inactivity and increases the probability of re-entry to employment, while long-term unemployment or inactivity makes workers more likely to return to these labour market states in the future. Living in biggest Danish cities where job competition is high is a disadvantage, but it has a positive effect on labour market performance of persons over fifty. And finally, I find that those who have stayed in job for one year tend to remain employed, while persons inactive for longer than one year face a much higher risk of marginalisation.

Marginalisation in the Danish labour market  1.15 MB

Jau parsisiuntė: 17

Housing is at the core of the European Union’s prosperity as it is important to achieve energy saving targets and to combat climate change whilst contributing to energy saving and security. During the programming period 2007–2013, the European Union Cohesion Policy has started playinga new and important role in the process of supporting investments into energy efficiency measures in the housing sector. The increasing need for effective renovation of housing stock, which was constructed in the period when energy resources were cheap, is most notable in Central and Eastern Europe. The use of the European Union fund for the renovation of housing stock in Lithuania servers as a basis for assessing the impact of such investments on energy saving, natural gas import and greenhouse gas emissions.

Energy efficiency investments in housing  1.27 MB

Jau parsisiuntė: 24

The paper considers the pass-through of the interbank and retail interest rates for the case of Lithuania. The need for the interest rate transmission analysis has grown during the volatile market period caused by the global financial crisis. The objective of the article is to check theoretical and statistical aspects of domestic currency (litas) interest rate pass-through from interbank to retail interest rates and, specifically, to determine whether the recent global financial crisis has affected this process. Methods used in the article include a systemic analysis of related studies, historical data analysis and statistical testing. The analysis is expanded to cover the alternative interest rate-related variables in order to check the consistency of the pass-through of the litas interest rate over the period from October 2004 to December 2010. Results of the research show that though the lending interest rates have increased and the interest rate relationship has transformed over this period, there is no proof that changes in the bank interest rate setting policy has led to abnormal profits for banks.

Interest rate pass-through in Lithuania  1.25 MB

Jau parsisiuntė: 16

In this paper, we use three basic univariate techniques, namely, BBQ algorithm, time series filtering, and Markov-switching models, to date and characterize Lithuanian business cycles from 1995 to 2010. We find that economic growth in Lithuania was relatively balanced after the Russian Crisis until late 2006. After that, the economy experienced an extreme, although relatively brief, period of an overheated economic climate before plunging into a very deep recession at the end of 2008. Using the BBQ algorithm, we provide some simple comparisons of the two recessions as well as international data obtained in other studies. Our Markov-switching regression exercise, confirming the findings above, additionally indicates that recessionary periods may have shocks with non-finite variances and economically significant permanent effects on output.

Dating business cycles in Lithuania by SIMPLE univariate methods  3.03 MB

Jau parsisiuntė: 28