Faculty of Economics and Business Administration

Faculty of Economics and Business Administration

Sukurta: 26 May 2021

ef9 Saulėtekio Ave, block 2, LT-10222 Vilnius
Tel. 236 6126
E-mail: http://www.evaf.vu.lt

Dean – Prof. Dr Aida Mačerinskienė

 

 

 

STAFF

102 teachers (incl. 74 holding research degree), 29 research fellows (incl. 20 holding research degree), 41 doctoral students.

DEPARTMENTS OF THE FACULTY

Department of Accounting and Auditing
Department of Business
Department of Economic Informatics
Department of Economic Policy
Department of Finance
Department of Management
Department of Marketing
Department of Quantitative Methods
Department of Theoretical Economics
Center for Expertise in Economics

RESEARCH AREAS

Analysis, Modelling and Management of Social and Economic Development in Lithuania

DOCTORAL DISSERTATIONS MAINTAINED IN 2020N.

Grincevičienė. The mediating effect of the perceived intensity of telework use on employees' commitment to the organisation and work-life balance.
K. Michnevič. The effects of population ageing on household consumption expenditures in Central and Eastern Europe.
R. Ragauskienė. An assessment of the shadow economy in Lithuania.
D. Ruželė. Relationships between Lean practices, organizational culture, and corporate performance.

MAIN CONFERENCES ORGANIZED IN 2020

The Winter Meeting of the Annual Lithuanian Conference on Economic Research, December 28, 2020 (together with The Bank of Lithuania).

MAIN SCIENTIFIC ACHIEVEMENTS IN 2020

Lastauskas, P., Stakėnas, J. Labour market reforms and the monetary policy environment. European Economic Review. 2020, 128: 103509, https://doi.org/10.1016/j.euroecorev.2020.103509.

Weber, M. Choosing the rules: Preferences over voting systems for assemblies of representatives. Journal of Economic Behavior & Organization. 2020, 174: 420–434, https://doi.org/10.1016/j.jebo.2017.01.016.

Klimavičiūtė, J., Pestieau, P., Schoenmaeckers, J. Long-term care insurance with family altruism: theory and empirics. Journal of Risk and Insurance. 2020, 87(4): 895–918, https://doi.org/10.1111/jori.12284.

Dikčius, V., Urbonavičius, S., Pakalniškienė, V., Pikturnienė, I. Children’s influence on parental purchase decisions: Scale development and validation. International Journal of Market Research. 2020, 62(4): 449–467, https://doi.org/10.1177/1470785319872377.

 

DEPARTMENT OF ACCOUNTING AND AUDITING

9 Saulėtekio Ave, block 2 - 610, LT-10222 Vilnius
Tel. 236 6153
E-mail:
Head – Prof. Dr Rasa Subačienė

STAFF

Professors Emeritus: Dr Habil. V. Lakis, Dr Habil. J. Mackevičius.
Professors: Dr L. Gaižauskas, Dr R. Subačienė.
Associate professors: Dr K. Senkus, Dr.D. Tamulevičienė.
Assistant professors: Dr. I. Kamarauskienė, Dr. D. Vaicekauskas, Dr. G. Jurkonienė (Venckevičiūtė), Dr. R. Budrionytė.
Teaching assistants: D. Raziūnienė, V. Savickas, A. Masiulevičius, D. Bachtijeva.
Doctoral students: D. Raziūnienė, A. Masiulevičius, A. Šalienė, D. Bachtijeva.

RESEARCH INTERESTS

Evaluation of the status and development of the financial accounting, its types, information quality
Analysis of financial analysis tools of different types of companies
Evaluation of the development of management accounting, new approaches and prospects
Investigation of methodology, procedure, quality of different audit types

RESEARCH PROJECTS CARRIED OUT IN 2020

Projects Supported by University Budget

Research on Evaluation of Financial Accounting Information Quality, Audit Types and System, Development of Management Accounting. Prof. Dr Rasa Subačienė. 2021–2023.
Researches on evaluation of financial accounting information quality, investigation of challenges of outsourcing accounting in Latvia and Lithuania, evaluation of new approaches of management accounting and analysis tools of companies’ performance, as well as financial audit procedures and performance audit development

Main publications:

Subačienė, R., Mačerinskienė, A., Faituša, I. Challenges of outsourcing accounting in Latvia and Lithuania. Entrepreneurship and Sustainability Issues. 2020, 7(4): 2883–2896. DOI: 10.9770/jesi.2020.7.4(20).

Tamulevičienė, D., Androniceanu, A. Selection of the indicators to measure an enterprise's value and its changes in the controlling system for medium-sized enterprises. Entrepreneurship and Sustainability Issues. 2020, 7(3): 1440–1458. DOI: 10.9770/jesi.2020.7.3(1).

Kurauskienė, N., Subačienė, R. Kriptovaliutos apskaitos alternatyvų vertinimas (Evaluation of alternatives of cryptocurrency Accounting). Buhalterinės apskaitos teorija ir praktika. 2020, 22. https://doi.org/10.15388/batp.2020.26.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

National Audit Office of Lithuania (Lithuania)
The Lithuanian Chamber of Auditors (Lithuania)
Wroclaw University of Economics (Poland)
University of Latvia (Latvia)
Rezekne Academy of Technologies (Latvia)

OTHER RESEARCH ACTIVITIES

Emeritus V. Lakis –

Prof. R. Subačienė –

Assoc. Prof. D. Tamulevičienė –

MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS, ORGANISATIONS, BUSINESS ENTITIES

  • Prof. Dr Rasa Subačienė – deputy Chair of the Sectoral Professional Committee on Financial and Insurance Activities, Accounting, Bookkeeping and Auditing, Real Estate Operations; member of the Audit Quality Committee at The Lithuanian Chamber of Auditors (LCA).
  • Assist. Dr R. Budrionytė – member of Business Accounting Standards Committee under the Ministry of Finance of Lithuania; member of Commission of the Experts and Assessors of the Auditors’ Qualification Examinations at The Lithuanian Chamber of Auditors.
  • Assist. Prof. Dr I. Kamarauskienė – member of the Lithuanian Chamber of Auditors; head of Training Committee of the Lithuanian Chamber of Auditors; member of the Institute of International Auditors; member of Lithuanian Association of Internal Auditors; head of the Internal Audit Committee of the Vilnius University Endowment.
  • Teach. Assist. D. Raziūnienė – member of Lithuanian Association of Internal Auditors; member of the Institute of Internal Auditor, USA.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

  • Publications in the professional weekly newspaper Accounting, Auditing and Tax Issues.

 

DEPARTMENT OF ECONOMIC INFORMATICS

9 Saulėtekio Ave, block 2 - room 309, LT-10222 Vilnius
Tel. 236 6139
E-mail:
Head – Prof. Dr Rimvydas Skyrius

STAFF

Professor: Dr R. Skyrius.
Associate professors: Dr T. Petkus (part-time), Dr M. Krutinis, A. Simanaitis (associate prof. of practice).
Lecturers: D. Šeibakas (part-time), J. Lankutis (part-time), E. Staišiūnienė (part-time), A. Rykovė (part-time), E. Matulytė (part-time), A. Gavrilov (part-time), S. Ušurliakienė (part-time).
Assistant professors: Dr M. Kazimianec (part-time), Dr G. Rumšas (part-time).
Doctoral student: J. Valentukevičė.

RESEARCH AREAS

Information and communication in traditional and networked society
Analysis, modelling and management of the social and economic development of Lithuania
Information technologies for business and education

MAIN RESEARCH ACHIEVEMENTS IN 2020

Skyrius, R., Lankutis, J. Inclusion of Soft Skills in Management Information Systems Education. EDULEARN 2020. 12th International Conference on Education and New Learning Technologies. 1–3 July, 2020 (online). https://library.iated.org/view/SKYRIUS2020INC

Skyrius, R., Valentukevičė, J. Business intelligence agility, informing agility and organizational agility: research agenda. Informacijos mokslai. 2020, 90: 8–25. https://doi.org/10.15388/Im.2020.90.47.

RESEARCH INTERESTS

Analysis and design of business information infrastructure
Application of information and communication technologies in business and government structures
Information systems: problems of development and adoption
Research of complex information needs for business activities
Research on issues of advanced informing for decision support and business intelligence
Research on advanced data mining methods and applications

RESEARCH PROJECTS CARRIED OUT IN 2020

Projects Supported by University Budget

Research on the Value Creation by Management Information and Business Intelligence Systems. Prof. R. Skyrius.

The principal direction of the Department’s research efforts is concentrated on the key aspects of informing business users by development and implementation of management information systems (MIS), business intelligence and analytics systems. The focal point of this direction is the key long-term factors of value creation by providing advanced informing functions of business intelligence and analytics to serve complex business information needs. A recent concentration area is the managerial and human factors of satisfying complex business information needs, encompassing business intelligence culture and agility issues.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Informing Science Institute (USA)
IT Summit (Lithuania)
Texas Southern university (USA)
Katowice University of Economics (Poland)

OTHER RESEARCH ACTIVITIES

Prof. R. Skyrius –

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

Skyrius R., Lankutis J. Inclusion of Soft Skills in Management Information Systems Education. EDULEARN 2020. 12th International Conference on Education and New Learning Technologies. 1–3 July, 2020 (online). https://library.iated.org/view/SKYRIUS2020INC.

 

DEPARTMENT OF ECONOMIC POLICY

9 Sauletėkio ave, block 2, LT-10222 Vilnius
E-mail:
Head – Assoc. Prof. Dr Giedrė Dzemydaitė

STAFF

Professors: Dr A. Miškinis, Dr R. A. Stanikūnas (part-time, until September 2020).
Associate professors: Dr V. Cohen, Dr J. Droždz (part-time), Dr G. Dzemydaitė, Dr A. Laužadytė-Tutlienė, Dr L. Urbšienė.
Assistant professors: Dr A. Burinskas, Dr J. Bumelytė (part-time).
Lecturers: Dr B. Šidlauskaitė-Riazanova (part-time), O. M. Vyšniauskaitė (part-time).
Doctoral students: Ž. Baranauskas, K. Bielskis, L. Girlevičienė, R. Sakalauskaitė.

RESEARCH INTERESTS

Modernisation of the economy and public economic policy
Innovations and investments in the modernisation of economy
European economic integration and synchronization of business cycles
The impact of international relations on economic growth
Regional development in the EU and Lithuania
Competition economics and policy in the EU and Lithuania
Social and labour market policy measures
Property and business valuation system

RESEARCH PROJECTS CARRIED OUT IN 2020

Projects Supported by University Budget

Challenges and Solutions of the European Union and Lithuanian Economy Modernization. Prof. A. Miškinis. Assoc. Prof. G. Dzemydaitė. 2020–2024.

The aim of the Department is to study the economic policy measures of the European Union and Lithuania that affected the further growth of the economy and prosperity. Researchers of the Department presented their research findings in a collective monograph and scientific publications.

Main publications:

Melnikas, B. et al. Economic modernization: challenges, problems, solutions: collective monograph. Vilnius: Vilnius University Publishing, 2020. 568 p. ISBN 9786090704196.

Urbšienė, L., Žemaitytė, S. Macroeconomic effects of trade tariffs: a case study of the U.S.-China trade war effects on the economy of the United States. Organizations and Markets in Emerging Economies. 2020, 11(2(22): 305–324. DOI: 10.15388/omee.2020.11.35.

Cohen, V., Burinskas, A. The evaluation of the impact of macroeconomic indicators on the performance of listed real estate companies and REITs. Ekonomika. 2020, 99(1): 79–92. DOI: 10.15388/Ekon.2020.1.5

Dzemydienė, D., Dzemydaitė, G., Gopisetti, Dinesh. Application of multicriteria decision aid for evaluation of ICT usage in business. Central European Journal of Operations Research. 2020, first published online. DOI: 10.1007/s10100-020-00691-9.

National Research Projects

Changes in the Economic Structure, Efficiency of Economic Sectors and Increasing Productivity. This project has received funding from European Social Fund under grant agreement with the Research Council of Lithuania. Dr. G. Dzemydaitė, Prof. A. Miškinis. 2020–2022.
The aim of the project is to evaluate an efficiency of economic sectors of the EU countries and regions, and to give suggestions for increasing productivity and development of smart specialization strategies.

International Research Projects

Reassessment of the Optimum Currency Area in the Persistently Heterogeneous European Union (Euro4Europe). Project funded by the European Social Fund. Dr S. Kapounek. 2018–2022.

The project aims at reassessing the evolution of business cycle synchronization in Europe from an encompassing point of view. It will analyse the evolution of business cycles at different levels of territorial disaggregation (national and regional), using a wide range of different univariate and multivariate econometric methods for measuring business cycle synchronization. Furthermore, it will use recently developed methods of causal inference to identify the effects of various integration steps and economic developments. In particular, the project will first assess the statistical properties and reliability of several concepts of business cycle synchronization.

Joint Enterprise and University Learning (JEUL). Erasmus+. Project coordinator – Siena University (Italy). Partners from 8 universities involved. 2018–2021.
The aim of this project is to establish and develop cooperation among HEI and private sector, to influence the way universities work and enable them to learn from the entrepreneurial nature of companies, develop and use case studies based on the experience of companies. The main deliverables of JEUL project are: a) establishing links between HEI and industry; b) developing and utilising case studies, embedding such teaching methodology in partner countries universities; c) identify skills and knowledge shortages and embed the required skills in the curricula; d) develop two undergraduate modules on the enterprise pathway and a suitable VLE delivery mode.

Creativity and Innovation Management in Higher Education (CIM). Knowledge Alliance under the Erasmus+ Program by European Commission. Leading partner - The University of Duisburg-Essen. 2018–2020.
The project aims at developing innovative teaching and learning approaches to include Creativity and Innovation Management in higher education (HE) and in practice. The CIM consortium is conducting a thorough stocktaking phase to set up a competence framework. This Project is based on a network of 15 organisations from nine countries working together in a consortium of Higher Education Institutes, Business Organisations and SMEs. CIM aims to develop a new teaching and learning approach for Creativity and Innovation Management in 15 European countries.

Promoting and Implementing Training on Entrepreneurship, Innovation and Creativity in Higher Education (PITCH). Knowledge Alliance under the Erasmus+ Program by European Commission. Leading partner - The University of Duisburg-Essen. 2019–2021.

The central focus of the project is the acquisition and validation of competences related to entrepreneurship, creativity and innovation. This is particularly important in view of the fact that these have not yet been thoroughly integrated into European higher education, either in the curricula or in internship programmes. If we perceive “entrepreneurship and initiative” as an overarching “key competence”, as promoted by the Commission in 2006 and updated in the Qualifications Agenda in 2018, the university should introduce it in an overarching modular way and not only in specific fields of study such as economics.

DEveloping DAta Literacy courses for University Students (DEDALUS). Knowledge Alliance under the Erasmus+ Program by European Commission. Leading partner: Istituto per le Tecnologie Didattiche (ITD). 2019–2021.

DEDALUS will develop and pilot an approach to tackle the data-driven competence issues based on a long-term partnership of educational partners who have either worked in digital literacy and digital education projects or on competence oriented learning and validation of non-formal and informal learning. On the basis of a sound stocktaking on successful approaches on how to include data literacy in university programmes, it will set up a framework of competences on data literacy, taking in due consideration also the demand of the business sector.

Data Literacy at the Interface of Higher Education and Business (DATALIT). Knowledge Alliance under the Erasmus+ Program by European Commission. Leading partner: Istituto per le Tecnologie Didattiche (ITD). 2020–2021.

A joint research project to spread Data Literacy at the interface of higher education and business. It is aimed to lay the ground for the integration of data literacy as transversal topic in potentially all university courses, by identifying and developing common syllabus and innovative teaching and learning approaches.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

University of Siena (Italy)
University Duisburg-Essen (Germany)
Blinc eG - Blended Learning Institutions Cooperative
Consiglio Nazionale Delle Ricerche (Italy)
UEH (Vietnam)
NUAA (China)
Vytautas Magnus University, Agriculture Academy (Lithuania)
Poznań University of Economics and Business (Poland)
Lithuanian Council of Culture (Lithuania)

OTHER RESEARCH ACTIVITIES

Prof. Dr A. Miškinis –

  • editor-in-chief of the journal Ekonomika (Economics);
  • editorial board member of the journal The Economics and Forecasting (Institute of Economics and Forecasting of National Academy of Sciences of Ukraine);
  • editorial board member of the journal European Integration Studies (Kaunas Technological University);
  • chairman of the PhD committee, Faculty of Economics and Business Administration, Vilnius University;
  • member of the ICC’s Trade and Investment Commission;
  • president of the Lithuanian Association of Economists;
  • member of the board of the International Economic Association.

Assoc. Prof. Dr V. Cohen –

  • editorial board member of the journal Independent Journal of Management and Production (IJM&P).

Assoc. Prof. G. Dzemydaitė –

  • member of program committee of Conference on Monitoring, Modelling & Management of Emergent Economy, Ukraine.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • J. Droždz. Influence/effects of the COVID-19 virus epidemic on the current and future situation of agriculture, agribusiness and rural areas in Lithuania. International discussion panel on Agribusiness Facing the Coronavirus Crisis, an international academic debate organised by the Faculty of Economics and Social Sciences at Poznań University of Life Sciences, 8 May 2020.
  • Ž. Baranauskas. Institutional effects of labour market on business cycle synchronization in the EU. International Annual Conference of Irish Economic Association, 17–18 Sep. 2020.
  • V. Cohen. Digital economy in high education system. International conference on Modern Trends in Digital Economy, Azerbaijan State Economic University, 13–14 Feb. 2020.
  • R. Rubčinskaitė and L. Urbšienė. Trade or common money – what matters the most for the Baltic States. Annual Lithuanian Conference on Economic Research, 28 Dec. 2020.
  • A. Burinskas. Discovering event outliers for drug as commercial products. ICDCEI 2020: International Conference on Drug Classification and Economic Issues.

MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS, ORGANISATIONS, BUSINESS ENTITIES

  • Prof. A. Miškinis – an expert of Lithuanian Council of Science for evaluation of scientific and doctoral projects.
  • Assoc. Prof. L. Urbšienė – a deputy chairman of the board of municipality institution Vilnius City Housing.
  • Assoc. Prof. V. Cohen – an expert for Lithuanian Innovation Centre on the integration of the manufacturing sectors of Central and Western Lithuania into international value chains and the application of circular economy methods, and an expert for Ministry of Economy and Innovation of the Republic of Lithuania on the circular economy.
  • K. Bielskis – participating in Household Finance and Consumption Network (HFCN) in European Central Bank (ECB).

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES

  • Assoc. Prof. V. Cohen. Consultation of international entities in terms of investments, research and development aspects in Lithuania - Ragasabag Ltd., Israel, Avelon Ltd, Israel.

 

DEPARTMENT OF FINANCE

9 Sauletėkio ave, block 2, LT-10222 Vilnius
Tel. 236 6142
E-mail:
Head – Assoc. Prof. Dr Deimantė Teresienė

STAFF

Professors: Dr R. Kanapickienė, Dr A. Paškevičius (part-time).
Associate professors: Dr G. Keliuotytė-Staniulėnienė, Dr A. Šapkauskienė, Dr An. Laurinavičius (part-time), Dr Al. Laurinavičius (part-time), Dr E. Bikas, Dr J. Kartašova (part-time).
Assistant: Dr L. Jurkšas.
Lecturers: Dr D. Saikevičius, N. Činčikas.
Doctoral students: R. Guobužaitė, R. Bruzgė, V. Kvietkauskas, A. Jakubauskaitė, V. Dičpinigaitienė, K. Kupčinskas.

RESEARCH INTERESTS

Sustainable and responsible investments in private and public sectors
Financial ethics and artificial intelligence
Financial technologies
Public finance issues
Strategic finance management
Behavioural economics
Risk management
Central banking challenges

RESEARCH PROJECTS CARRIED OUT IN 2020

National Research Projects

Model for Assessing the Impact of COVID-19 Pandemic on Financial System and Sustainable Economic Growth and the Effectiveness of Mitigation Measures (P-COV-20-71). Research Group – Dr Rasa Kanapickienė, Dr Deimantė Teresienė, Dr Greta Keliuotytė-Staniulėnienė, Dr Jekaterina Kartašova, Doct. student Daiva Budrienė. This project has received funding from the Research Council of Lithuania (LMTLT), agreement No S-COV-20-21.

Main publication:

Kanapickienė, R., Teresienė, D., Budrienė, D., Keliuotytė-Staniulėnienė, G., Kartašova, J. The impact of COVID-19 on European financial markets and economic sentiment. Economy & Business. Burgas: Science Events Ltd. 2020, 14: 144–163. https://www.scientific-publications.net/en/article/1002081/.

The Role of Bitcoin as an Investment Asset in Economic Policy Uncertainty (COVID - 19) (09.3.3-LMT-K-712-22-0334). Research Group – Assist. Prof. A. Šapkauskienė, G. Statulevičiūtė.

The aim of the project is to investigate the role of Bitcoin as an investment asset in the economy in the face of the global crisis - COVID - 19. This project has received funding from European Social Fund under grant agreement with the Research Council of Lithuania (LMTLT).

Counterparty Credit Risk Assessment in the Context of the COVID-19 Pandemic (09.3.3-LMT-K-712-22-0365). Research Group – Assoc. Prof. D. Teresienė, B. Gudavičiūtė.

The goal of this project is to develop a valuation model, after examining the theoretical aspects of counterparty credit risk, which would support risk management decisions in COVID-19 pandemic situation and would also benefit risk management decisions during other economic and financial crises. This project has received funding from European Social Fund under grant agreement with the Research Council of Lithuania (LMTLT).

International Research Projects

COST Project Fintech and Artificial Intelligence in Finance - Towards a Transparent Financial Industry. CA19130. March 2020–April 2024. Research Group - Assoc. Prof. D. Teresienė, Prof. R. Kanapickienė.

The key objectives are: to improve transparency of AI supported processes by developing a data-driven rating methodology for ICOs; to address the disparity between the proliferation in AI models within the financial industry for risk assessment and decision-making, and the limited insight the public has in its consequences by developing policy papers and methods; to increase transparency to develop methods to scrutinize the quality of rule-based “smart beta” products across the asset management, banking and insurance industry.

Contractual Research

Lithuanian Business Confederation. Researh of Tools for Economic Support in the Period of the COVID-19 Pandemic. Research group: Teresienė D., Kanapickienė R., Žemgulienė J., Keliuotytė-Staniulėnienė G., D. Budrienė.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Bank of Lithuania (Lithuania)

OTHER RESEARCH ACTIVITIES

Prof. Dr R. Kanapickienė –

Assoc. prof. Egidijus Bikas –

Assoc. prof. Greta Keliuotytė-Staniulėnienė –

Assoc. prof. A. Šapkauskienė –

Assoc. prof. Deimantė Teresienė –

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • G. Keliuotytė-Staniulėnienė. Evaluation of business loan price in the crowdfunding and peer-to-peer platforms. International conference Emerging Trends in Economics, Culture and Humanities (ETECH2020), 24–26 April 2020, Riga, Latvia.
  • Šapkauskienė. Blockchain-based token economy: Ico crowdfunding stage. Virtual World Finance & Banking Symposium, 5–6 December 2020.
  • Šapkauskienė. Bitcoin as an investment asset in economic policy uncertainty: literature review. The 3rd Economics, Business & Organization Research Conference organized in collaboration with University of Rome Tor Vergata, Rome, Italy on 20–22 November 2020.
  • R. Kanapickienė, D. Teresienė, D. Budrienė, G. Keliuotytė-Staniulėnienė, J. Kartašova. The impact of COVID-19 on European financial markets and economic sentiment. Economy & Business 19th International Conference, 20–23 August 2020, Burgas, Bulgaria.
  • D. Teresienė. Euro area monetary policy response to the COVID-19 crisis. 3rd International Conference on E-Business, Information Management and Computer Science EBIMCS and 8th International Conference on Economics, Finance and Statistics ICEFS, Hong Kong, 5–6 December 2020.

MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS, ORGANISATIONS, BUSINESS ENTITIES

  • Prof. Dr R. Kanapickienė – member of Payment Council, Ministry of Finance of the Republic of Lithuania and Bank of Lithuania.
  • Assoc. Prof. Deimantė Teresienė – member of European Central Bank Credit assessment and eligibility network; member/collaborator of European Central Bank Risk Management Committee; member of Payment Council, Ministry of Finance of the Republic of Lithuania and Bank of Lithuania.
  • Assist. Linas Jurkšas – member of Eurosystem’s work Stream of ECB strategy review on Fiscal and Monetary Policy in a Monetary Union; member of Eurosystem’s Task Force on Banking Analysis for Monetary Policy.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

  • Public lectures by Assoc. prof. A. Šapkauskienė, Assoc. prof. An. Laurinavičius, Assoc. prof. Al. Laurinavičius.
  • Assoc. prof. A. Šapkauskienė - participant of European Taxation and Accounting in Practice – ETAP activity.
  • Assoc. prof. D. Teresienė - cooperation with the Publishing Centre of Science and Encyclopaedia: articles on banking issues.

 

DEPARTMENT OF MANAGEMENT

9 Saulėtekio Ave, block 2-706, LT-10222 Vilnius
Tel. 236 6134
E-mail:
Head – Prof. Dr Danuta Diskienė

STAFF

Professors: Dr D. Diskienė, Dr G. Drūteikienė, Dr J. Ruževičius, Dr D. Serafinas.
Associate professors: Dr R. Adomaitienė, Dr A. Stankevičienė, Dr V. Tamaševičius, R. Paulienė, R.Korsakienė (part-time).
Assistants: Dr J. Šarupičiūtė (part-time), D. Ruželė.
Teaching assistants: N. Jurgaitytė, D. Budrienė (part-time), R. Labanauskis (part-time).
Lecturers: Dr Ž. Grakauskas (part-time), Dr K. Jakutytė-Ancienė (part-time).
Doctoral students: V. Jaškevičiūtė, D. Budrienė N., A. Šaltis, Nabil Abu Ibrahim, I. Stravinskienė, G. Narbutė, V. Buckė. N. Grincevičienė - Jurgaitytė, D. Ruželė.

RESEARCH INTERESTS

Business management and administration
Leaders’ managerial potential
Human resource management activities
Improvement of organizational reputation
Improvement of methodology for quality assessment of business and education performance
Lean management, organizational culture
Quality of life and working life
Quality management and social responsibility
Sustainable development processes and economic models
Socially oriented green economy

RESEARCH PROJECTS CARRIED OUT IN 2020

Research Projects Supported by University Budget

Growth of Competitiveness through Development of Human Resource Management (HRM) Activities. Prof. D. Diskienė. 2016–2020.

Continuing the research topic, focusing on the challenges of human resource management in business organizations, leadership in the digital work environment and the relationship with employee well-being at work. Research allowed reveal the evidences and challenges of human resource management practice in Lithuania. Research results let to outline some major trends and regularities important for understanding of HRM in contemporary business environment in Lithuania. Continuing to analyse organizational reputation as a way of strengthening organizational competitiveness in higher education institutions, and collaboration between HEI.

Main publications:

Tamaševičius, V., Diskienė, D., Stankevičienė, A. Human resource management practice in Lithuania: evidences and challenges. Montenegrin Journal of Economics. 2020, 16(1): 207–226. DOI: 10.14254/1800-5845/2020.16-1.14.

Grincevičienė, N. Nuotolinio darbo naudojimo intensyvumo poveikis darbuotojų darbo ir asmeninio gyvenimo balansui [The effect of the intensity of telework use on employees’ work-life balance]. Buhalterinės apskaitos teorija ir praktika. 2020, 21(1). DOI: 10.15388/batp.2020.16.

Šarupičiūtė, J., Drūteikienė, G. A comparative analysis of the new comprehensive alliances funded under the European Universities initiative. EDULEARN20: 12th international conference on education and new learning technologies: conference proceedings. 2020, 6146–6152.

The Study of Quality Management Methods and Tools Application for the Improvement of Effectiveness of Organizations Performance. Prof. J. Ruževičius. 2016–2020.

The purpose of this research was to develop quality management theory and methodology striving for the growth of the competitiveness of Lithuanian economy, improving the effectiveness of the performance of private and public organizations and quality of public life. The following targets in 2020 were addressed:

  1. Socially oriented green economy (SOGE) implementation possibilities in Lithuania were studied and identified within conceptual framework. In 2020, the focus was on the potential of Lithuanian regions to implement SOGE measures. Possibilities to adapt unused infrastructure in the regions (buildings of vocational schools and other organizations, their land) for the creation of social businesses, development of short food supply chains, promotion of social activity of communities were analysed.
  2. In an environment of intense globalization and digitalization, business organizations are increasingly faced with various challenges such as rising costs, strong competition, rapidly evolving technologies, increasingly demanding and whimsical consumers, and, in social terms, changing societal demands. The following important topic - the place of Business Process Management (BPM) in the context of Quality Management (QM) was analysed. The findings show that there exists confusion, overlaps among different paradigms of QM and BPM. The integration of BPM into quality management systems and tools creates preconditions for the development of an effective and efficient organization.
  3. The concept of service quality in healthcare institution was developed. The principal purpose of this research is to examine the impact of service quality (SERVQUAL) dimensions on the satisfaction of service users’ (patients’ parents) with healthcare services and to develop a model of service quality management at healthcare institution. Developed by authors model of service quality management at healthcare institution shows the essential four steps from planning to improvement, ensuring systematic improvement of service quality.
  4. Analysis of Lean tools and principles, of organizational culture research instruments, and corporate performance evaluation frameworks was performed and consolidated. The results of the study were used in 2020, in the defended dissertation on LEAN topics.

Main publications:

Stravinskiene, I., Serafinas, D. The link between business process management and quality management. Journal of Risk and Financial Management. 2020, 13(10): 225. https://doi.org/10.3390/jrfm13100225.

Kemzūraitė, A., Serafinas, D. Maisto saugos audito dokumentacijos rezultatyvumo veiksniai [The factors of food safety audit documentation effectiveness]. ES eonomikos, finansų ir vVerslo procesai bei tendencijos, VDU conference materials, 2020.

Buckė, V., Ruževičius, J., Buckus, R. Service quality management in Lithuanian healthcare. Quality: Access to Success. 2020, 21(174): 49–55.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Klaipėda University (Lithuania)
Wroclaw University of Economics (Poland)
Lund University (Sweden)
Bucharest University of Economics (Romania)
“QMS Italia” S.R.L (Italy)
Lithuanian Association for Quality Management and Innovations (Lithuania)
Belarus State Economic University (Belarus)
Dnipro National University (Ukraine)
Torino University (Italy)
International Guild of Quality Professionals
Board of SME Council under the Ministry of Economics and Innovations (Lithuania)
Union of Lithuanian Scientists (Lithuania)

OTHER RESEARCH ACTIVITIES

Prof. D. Diskienė –

Prof. G. Drūteikienė –

  • editorial board member of the Bulletin of Taras Shevchenko National University of Kyiv Economics, http://bulletin-econom.univ.kiev.ua/;
  • member of the International Advisory Committee of the IISES (International Institute of Social and Economic Sciences at University of Economics, Faculty of Economics, Prague) Economics and Finance Conferences (Chech Republic), http://www.iises.net/.

Prof. J. Ruževičius –

Prof. D. Serafinas –

LIST OF THE MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS AND ORGANISATIONS, AND BUSINESS ENTITIES

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Ruževičius, Juozas. Assessing the carbon (CO₂) footprint of organizations in the context of sustainable development. 21st International Conference, 22–26 June 2020, Lviv (Ukraine).
  • Serafinas, Dalius. VUCA world and ways for competetiveness improvement [VUCA мир и пути к конкурентоспособности в нем]. Ingternational Conference of Quality Constellation, Ukrainia, 2020.

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES

  • Dalius Serafinas – Lithuanian Parliament and Government – Consultations on Implementation of Socially Oriented Green Economy in Lithuania; Mažeikiai, Lazdijai and Rietavas municipalities – Consultations on Implementation of Social Business Acceleration system using available abandoned infrastructures and socially sensitive groups; Ministry of Economics and Innovations – Proposals for Social Business Law improvement, and proposals for Social Business Development Program; Ministry of Agriculture – implementation of Short Supply Chains of Food in Lithuania.
  • Darius Ruželė – consultations for the Luminor bank regarding the expediency of implementation of Lean management tools into the bank processes.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

Serafinas, Dalius. The Experience of Members of INNOFOOD HUB in Creation of Collaboration Hubs (Partnerystės grupės „INNOFOOD HUB“ narių patirtis kuriant bendrystės erdves (HUB), presentation at the Seimas (Parliament of the Republic of Lithuania) conference.

 

DEPARTMENT OF MARKETING

9 Saulėtekio Ave, block 2 - 819, LT-10222 Vilnius
Tel. 236 6146
E-mail:
Head – Prof. Dr Sigitas Urbonavičius

STAFF

Professors: Dr S. Urbonavičius, Dr V. Dikčius.
Associate professors: Dr M. Degutis, Dr A. Gaižutis, Dr R. Časas. Dr I. Pikturnienė.
Associate professor of practice: Dr A. Jonkus.
Assistant professors: Dr K. Adomavičiūtė, Dr R. Paulienė.
Teaching assistants: I. Radavičienė, V. Kaduškevičiūtė, S. Kiršė, I. Zimaitis.
Lecturers: J. Filimon, L. Kontrimas.
Senior researchers: Dr K. Adomavičiūtė, V. Škare.
Doctoral students: I. Zimaitis, S. Kiršė, V. Kaduškevičiūtė, R. Andrulienė, E. Blažinauskytė, G. Dagyte, Y. Ying.

RESEARCH INTERESTS

Consumer privacy and behaviour in digital environment
Consumer behaviour in online learning
Buyer price perception in online environment
Child influence in consumer decision-making
Specifics of marketing management and consumer behaviour in transition economies
Tourist behaviour

RESEARCH PROJECTS CARRIED OUT IN 2020

Projects Supported by University Budget

Consumers and Companies in a Dynamic Environment. Prof. Dr Sigitas Urbonavičius. 2020.

Starting from 2020, the department has worked on the topic Consumers and Companies in a Dynamic Environment. Department presented the research findings in numerous publications. The majority of them disclosed interactions between consumers and companies online. The most publications include are:

Main publications:

Dikcius, V., Urbonavicius, S., Pakalniskiene, V. & Pikturniene, I. Children’s influence on parental purchase decisions: Scale development and validation. International Journal of Market Research. 2020, 62(4): 449–467. DOI: 10.1177/1470785319872377.Dikcius, V., Urbonavicius, S., Adomaviciute, K.,

Degutis, M., & Zimaitis, I. Learning Marketing Online: The Role of Social Interactions and Gamification Rewards. Journal of Marketing Education. 2020, 0273475320968252.

Dagytė-Kavoliūnė, G., Adomavičiūtė, K., Urbonavičius, S. The impact of brand and social cause prominence dimensions of fit on consumer intentions to buy cause-related products. EuroMed Journal of Business. 2020, first published online, p. 1–15. DOI: 10.1108/EMJB-05-2020-0049.

Zimaitis, I., Degutis, M., Urbonavičius, S. Social media use and paranoia: factors that matter in online shopping. Sustainability. 2020, 12(3): 904. DOI: 10.3390/su12030904.

National Research Project

Research Council of Lithuania. Factors Influencing the Willingness to Disclose Personal Data and Impact of the Willingness on the Choice of a Purchasing Channel (LMTLT), Agreement No P-MIP-19-12.

The project aims to find out what factors influence the willingness to disclose personal data, when it is collected for commercial purposes, and how the willingness influences purchasing. More specifically, it seeks to (1) discover the main antecedents of the willingness to disclose personal data, and (2) find out how the willingness influences the choice of a purchasing channel (on-line, of-line, multi-channel) and how it interacts with the trust in a seller and with the expected benefit from the data disclosure. The first findings are presented in conferences and submitted to journals.

Main publication:

Degutis, M., Urbonavičius, S., Zimaitis, I., Skare, V., & Laurutytė, D. Willingness to disclose personal information: how to measure it? Engineering Economics. 2020, 31(4): 487–494.

Development of a Game-Based Electronic Distance Learning Platform Based on Blockchain Technology (JO5-LVPA-K-04-0133) (in partnership with the company Bitdegree under the name “Intelektas”).

The project aims to discover learning motivations in the context of e-learning. At this moment, three stages of theoretical analysis have been performed. The first stage allowed clarifying the theoretical basis for further research (Self-Determination Theory); the second, to purify the factors that impact the intention to study and the selection of massive open online courses (MOOCs). The third stage of analysis focuses on the reasons for MOOCs success. Performed theoretical analysis allowed developing research model and instruments for data collection.

Main publication:

Dikcius, V., Urbonavicius, S., Adomaviciute, K., Degutis, M., & Zimaitis, I. Learning marketing online: the role of social interactions and gamification rewards. Journal of Marketing Education. 2020, 0273475320968252.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

University of Zagreb (Croatia)
Cracow University of Economics (Poland)
Monfort College of Business, University of Northern Colorado (USA)
School of Business of Nipissing University (Canada)

OTHER RESEARCH ACTIVITIES

Prof. S. Urbonavičius –

Prof. V. Dikčius –

  • member of European Marketing Academy (EMAC);
  • deputy member of MITA (Science, Innovation and Technology Agency) in area of Social Sciences.

Assoc. Prof. A. Gaižutis –

  • member of Lithuanian Marketing Association (LIMA);
  • coordinator of national technology platform of Lithuania for Forest-Based Sector, www.ntplatformos.lt;
  • member of the Board, vice-president, ELO- European Landowners Organisation, http://www.europeanlandowners.org/;
  • member of joint committee on private forestry development issues, established by the Minister of Environment;
  • member of Advisory Council on Forestry under Ministry of Environment, established by the Minister of Environment, www.am.lt;
  • chairman of the Forest Owners Association of Lithuania, www.forest.lt;
  • member of Council of Lithuanian Chamber of Agriculture, www.zur.ltww.zur.lt.

Dr M. Degutis –

  • national editor of Eurobarometer Report (European Commission);
  • member of ESOMAR (European Society for Opinion and Marketing Research).

Dr R. Paulienė –

  • senior member of the World Academy of Business, Marketing and Management Development;
  • member of Lithuanian Marketing Association.

Dr I. Pikturnienė –

  • member of Lithuanian Marketing Association (LIMA).

I. Radavičienė –

  • member of Lithuanian Marketing Association (LIMA);
  • member of the Neuromarketing Science & Business Association NMSBA, https://www.nmsba.com.

V. Kaduškevičiūtė –

  • member of Lithuanian Marketing Association (LIMA).

Dr K. Adomavičiūtė –

  • deputy editor-in chief of the journal Organizations and Markets in Emerging Economies, www.om.ef.vu.lt/.

I. Zimaitis –

  • assistant editor of the journal Organizations and Markets in Emerging Economies, www.om.ef.vu.lt;
  • member of European Marketing Academy (EMAC).

J.Filimon –

  • member of the Academy of Marketing Science (AMS).

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Vatroslav Skare, Sigitas Urbonavicius, Dalia Laurutyte, Ignas Zimaitis, Dispositional willingness to provide personal data online: antecedents and the mechanism EMAC 2020 Annual Conference. Budapest, Hungary, 27 May 2020.
  • Ignas Zimaitis, Sigitas Urbonavicius, Mindaugas Degutis, Vaida Kaduskeviciute. Impact of Age on the Willingness to Disclose Personal Data in E-Shopping. EMAC 2020 Regional Conference. University of Zagreb, Croatia, 16 September 2020.
  • Sigitas Urbonavicius, Mindaugas Degutis, Ignas Zimaitis, Vaida Kaduskeviciute, Vatroslav Skare. Willingness to Disclose Personal Data as a Case of Negotiated Social Exchange. EMAC 2020 Regional Conference. University of Zagreb, Croatia, 16 September 2020.
  • Sigitas Urbonavicius. Willingness to disclose personal data online: not just a situational issue. AIRSI Conference, Zaragoza University, Spain. 3–4 September 2020.
  • Vaida Kaduskeviciute. Webrooming: way to lower risk and increase enjoyment. AIRSI Conference, Zaragoza University, Spain. 3–4 September 2020.

MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS, ORGANISATIONS, BUSINESS ENTITIES

  • Assoc. Prof. A. Gaižutis – coordinator of national support group of Lithuania for Forest-Based Sector Technological Platform in EU, http://www.forestplatform.org/index.php?mid=89; member of working group, CEPF - Conféderation Européenne des Propriétaires Forestiers, www.cepf-eu.org.

 

DEPARTMENT OF THEORETICAL ECONOMICS

9 Saulėtekio Ave, block 2 - 510, LT-10222 Vilnius
Tel. 236 6129
E-mail:
Head – Prof. Dr Romas Lazutka

STAFF

Professors: Dr V. Giedraitis, Dr P. Gylys, Dr R. Lazutka.
Assoc. professors: Dr V. Gavelis, Dr D. Klimašauskienė, Dr R. Paliulytė, Dr A. Rastenienė, Dr E. Ulvidienė.
Lecturer: N. Ramanauskė.
Doctoral students: N. Černiauskas, J. Mundeikis, I. Blažienė.

RESEARCH INTERESTS

Stabilization policy in global economic conditions
Innovation in the context of the global economic core-periphery hierarchy
Competition and anti-trust policy
Distribution of income
Economics of the Welfare State
Competitive economic growth and social consequences

RESEARCH PROJECTS CARRIED OUT IN 2018

Projects Supported by University Budget

Competitive Growth and Social Consequences. Prof. R. Lazutka. 2016–2020.
Market competition restricting factors, anti-trust policy, economic growth and distribution of its results in the society, economic aspects of social and health policy. EU economic integration benefits and challenges for competition policy, entrepreneurial impact on the economic development, forms of employment in global economic conditions.

National Research Projects

Research Council of Lithuania. Income Smoothing Over the Life Course from a Social Investment Perspective in the Baltic Countries (No.Ger-009/2017).
This research project on income distribution in the Baltics is carried out by a group of researchers at Vilnius University (Prof. R. Lazutka, Dr J. Navickė, Assoc. Prof. D. Skučienė, Assoc. Prof. J. Markevičiūtė, A. Čižauskaitė). The aim of the research project is to evaluate welfare provisions in the three Baltic States in terms of social investment and the reduction of income volatility across the individual life course.

Contractual Research

European Social Policy Network - Lithuanian expert, European Commission DG Employment and Social Affairs. European Commission. 2018–2021.
A Network of Independent Experts assists the European Commission in monitoring and evaluating the situation with regard to social protection, poverty and social exclusion and the policies that are relevant in this respect in the Member States and Accession countries. The Network Core Team produces synthesis reports, bringing together the main results of the analysis across countries.
Research report:

  1. Lazutka, Romas; Poviliūnas, Arūnas; Žalimienė, Laimutė. Lithuanian social policy in the last decade has downplayed the issue of unequal access to education. Brussels: European Commission, 2018. 2 p.
  2. Lazutka, Romas; Poviliūnas, Arūnas; Žalimienė, Laimutė. On-going discussions about the financing of the statutory funded pension in Lithuania: ESPN Flash Report 2018/29, Brussels: European Commission, 2018.
  3. Lazutka, Romas; Poviliūnas, Arūnas; Žalimienė, Laimutė. ESPN thematic report on challenges in long-term care: Lithuania. Brussels: European Commission, 2018. 29 p.

Alkoholio vartojimo Lietuvoje tyrimas (Research of Alcohol Consumption in Lithuania). Contract with Business Conferderation. Researcher – Assoc. prof. Aušrytė Rastenienė.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Institute for Social & Economic Research, University of Essex (UK)
Lithuanian Centre for Social Research (Lithuania)
Lithuanian Ministry of Social Security and Labour (Lithuania)

OTHER RESEARCH ACTIVITIES

Prof. R.Lazutka –

Dr R. Rastenienė –

  • deputy editor-in-chief of the journal Ekonomika (Economics).

Dr V. Giedraitis –

  • managing editor of the journal Ekonomika (Economics).

MOST IMPORTANT RESEARH DISSEMINATION ACTIVITIES

  • Prof. R. Lazutka participated in over 30 TV discussions on national channels LRT, TV3, LNK, radio station „Žinių radijas“, internet media channels „Delfi.lt“, „15min.lt“ on topics of taxation, social security, pensions, public sector reforms.

 

CENTER FOR EXPERTISE IN ECONOMICS

9 Saulėtekio Ave, block 2, LT-10222 Vilnius
Head – Dr Eglė Jakučionytė

STAFF

Associate professors: Dr J. Jaraitė-Kažukauskė, Dr A. Kažukauskas, Dr V. Petrikaitė.
Research professor: Dr J. Klimavičiūtė.
Senior researchers: Dr P. Grüning, Dr P. Lastauskas, Dr A. Nguyen, Dr M. Norkutė, Dr L. Tarasonis.
Research assistants: Dr G. Hausmann Guil, Dr B. Hemingway, Dr E. Jakučionytė, Dr S. Soofi Siavash.
Doctoral students: F. Asmare Marye, L. Galdikienė.

RESEARCH INTERESTS

Asset pricing
Applied macroeconomics
Behavioural economics
Competition policy
Computational macroeconomics
DSGE models
Economic policy
Economics of long-term care and ageing
Endogenous growth theory
Energy economics
Environmental and resource economics
Firm dynamics
Fiscal policy
Global economy and spillovers
Health economics
Heterogeneous agents
Industrial organization
International macroeconomics and finance
Labour economics
Macro labour
Macrofinance
Microeconomics
Panel data econometrics
Public economics
Real estate economics
Time series econometrics

MAIN PUBLICATIONS IN 2020

Barauskaite, K., Nguyen A. Intersectoral network‐based channel of aggregate TFP shocks. International Journal of Finance and Economics. 2020. https://doi.org/10.1002/ijfe.2193.

Curatola, G., Donadelli, M., Grüning, P. Technology trade with asymmetric tax regimes and heterogeneous labour markets: Implications for macro quantities and asset prices. International Journal of Finance and Economics, 2020. https://doi.org/10.1002/ijfe.2188.

Klimaviciute, J., Pestieau, P., Schoenmaeckers, J. Long-term care insurance with family altruism: theory and empirics. Journal of Risk and Insurance. 2020, 87(4): 895–918, https://doi.org/10.1111/jori.12284.

Klimaviciute, J. Long-term care and myopic couples. International Tax and Public Finance. 2020, 27(1): 77–102, https://doi.org/10.1007/s10797-019-09552-x.

Klimaviciute, J., Pestieau, P. Insurance with a deductible: a way out of the long term care insurance puzzle. Journal of Economics. 2020, 130: 297–307, https://doi.org/10.1007/s00712-020-00700-0.

Lastauskas, P., Stakėnas, J. Labour market reforms and the monetary policy environment. European Economic Review. 2020, 128: 103509, https://doi.org/10.1016/j.euroecorev.2020.103509.

Lastauskas, P., Stakėnas, J. Labour market institutions in open economy: Sectoral reallocations, aggregate adjustments, and spillovers. Review of International Economics. 2020, 28(3): 814–845, https://doi.org/10.1111/roie.12472.

RESEARCH PROJECTS CARRIED OUT IN 2020

International Research Projects

Reassessment of the Optimum Currency Area in the Persistently Heterogeneous European Union (European Social Fund No. 09.3.3-LMT-K-712-01-0123). Main investigator - Dr P. Lastauskas. Researcher - Dr A. Nguyen.

Product and Labour Market Reforms and Economic Activity in the EU Countries (S-LL-18-12). Polish-Lithuanian Intergovernmental Grant Daina. Principal investigator - Dr P. Lastauskas.

Flexibility in Industrial Relations and Labour Market Inequality (P-LL-18-256). Polish-Lithuanian Intergovernmental Grant Daina. Principal investigator - Dr L. Tarasonis.

Circular Economy Modelling and Empowerment Perspective in a Small Open Economy (CEMESOE) (No. MIP 19-62). Researcher - Dr P. Grüning.

How Non-Price Instruments Can Help Increase Energy Efficiency at the Right Time (No 01.2.2-LMT-K-718-02-0007). Researchers - Dr A. Kažukauskas, Dr J. Jaraitė - Kažukauskė, F. Asmare Marye.

Personal Pricing, Privacy and Search in Retail Markets (No 09.3.3-LMT-K-712-18-0001). Researcher - Dr V. Petrikaitė.

OTHER RESEARCH ACTIVITIES

Dr P. Lastauskas –

Dr L. Tarasonis –

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Dr P. Grüning. Understanding Macro and Asset Price Dynamics during the Climate Transition, Austrian Economic Association meeting
  • Dr P. Grüning. Understanding Macro and Asset Price Dynamics during the Climate Transition, WEGM ECB meeting
  • Dr E. Jakučionytė. Bowling Alone, Buying Alone: The Decline of Co-Borrowers in the US Mortgage Market, 35th congress of The European Economic Association (EEA Virtual 2020)
  • Dr P. Lastauskas. How Do Firms Adjust When Trade Stops? International Study Group on Exports and Productivity (ISGEP)
  • Dr P. Lastauskas. What Explains Excess Trade Persistence? A Theory of Deep Habits in Global Value Chains. European Central Bank, Trade Expert Network workshop
  • Dr P. Lastauskas. Initial Employment Adjustment and Financial Frictions from the Outset of Lockdown. SBEJ Workshop on “Economic Effects of the COVID-19 2020 Pandemic on Entrepreneurship and Small Firms”

MOST IMPORTANT NATIONAL AND INTERNATIONAL AWARDS RECEIVED FOR R&D ACTIVITIES

  • Dr J. Klimavičiūtė. VU Rector’s Science Award.

MOST IMPORTANT PARTICIPATION CASES IN WORKING GROUPS OR COMMISSIONS

  • Dr P. Lastauskas. The ECB’s monetary policy review workstream, focusing on the impact of (de)globalization on monetary policy transmission.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES