1. Fiscal multiplier and the role of income and wealth inequalityMarko Senekovič, Jani Bekő, 2025, izvirni znanstveni članek Opis: There is a lack of research concerning the influence of economic inequality on the size of fiscal multipliers. To address this, we apply a VAR methodological framework to assess the magnitude of fiscal multipliers for 47 economies, using a new quarterly dataset spanning the period from 1995 to 2021. We then gauge the impact of the battery of income and wealth inequality measures on the size of government consumption multipliers. To ensure the robustness of the results, a yearly panel data sample was also tested. The key findings of our empirical exercise can be outlined as follows. First, the estimated government consumption multipliers exhibit a generally positive trajectory throughout the forecast horizon in approximately 66% of the countries analysed, while in 19% of the sample, they remain largely negative, and in the remaining 15% of cases, they display a mixed pattern, being positive only during certain periods. Second, in 53% of the countries examined, the fiscal multiplier exceeds the threshold of one at least once during the forecast period, suggesting a greater output effect of fiscal expansion in these countries. Third, the more pronounced the income and wealth inequality in a country, the higher the value of the fiscal multiplier. This research outcome supports the proposition that higher economic inequality, especially income inequality, will generate greater government spending effects.
Ključne besede: fiscal policy, fiscal multiplier, economic inequality, panel VAR
Objavljeno v DKUM: 12.06.2025; Ogledov: 0; Prenosov: 465
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2. Entrepreneurship at the Advancement of Digitalization and Artificial Intelligence : GEM Slovenia 2024, Executive SummaryKarin Širec, Katja Crnogaj, Barbara Bradač Hojnik, Matej Rus, Polona Tominc, 2025, izvleček Ključne besede: Global Entrepreneurship Monitor, entrepreneurship, early-stage entrepreneurial activity, economic development, entrepreneurship ecosystem, entrepreneurship policy, sustainable business, digitalization, artificial intelligence
Objavljeno v DKUM: 07.05.2025; Ogledov: 0; Prenosov: 4
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3. Assessing the situation of micro, small, and medium-sized enterprises in the emerging markets of Egypt under COVID-19 implicationsNourhan Ahmed Saad, Sonja Mlaker Kač, Sara El Gazzar, 2023, izvirni znanstveni članek Opis: Micro, Small, and Medium-sized Enterprises (MSMEs) play a vital role in emerging economies, thus this research aims at assessing the current situation of Egyptian MSMEs under COVID-19 pandemic and identifying the role of Egyptian MSMEs in economic growth and development. This research adopted qualitative design; 24 semi-structured interviews were conducted with different eco-system stakeholders and MSMEs’ managers using content analysis to analyse collected data based on NVivo software. The findings revealed the importance of MSMEs sector in the emerging markets as well as global ones. Additionally, MSMEs play a significant role in enhancing country’s economic growth and development, particularly in GDP, job opportunities, domestic products/services, national income, sub-contractor, and individual/society welfare. Furthermore, the findings identify the main challenges that face Egyptian MSMEs under COVID-19 implications through analysing the four main strategic factors and concluded by policy recommendations that could be implemented by MSMEs’ owners to take full advantage in the Egyptian context and their contribution on country’s economic growth.
Ključne besede: MSMEs sector, COVID-19, economic growth, egyptian context, policy action
Objavljeno v DKUM: 17.07.2024; Ogledov: 127; Prenosov: 26
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4. Entrepreneurship for Sustainable Future : GEM Slovenia 2023, Executive SummaryKarin Širec, Polona Tominc, Katja Crnogaj, Matej Rus, Barbara Bradač Hojnik, 2024, učbenik za višje in visoke šole Opis: The GEM survey offers an in-depth analysis of the various social, cultural, political, and economic factors that impact the entrepreneurial landscape and activities, serving as a comprehensive framework for understanding national and entrepreneurial conditions. These factors play a crucial role in shaping individuals' entrepreneurial decisions and the success of starting and operating businesses. Survey delivers unparalleled insights into a nation's entrepreneurial characteristics, surpassing the information available from traditional statistical sources. The study also explores individuals' and societies' attitudes towards entrepreneurship, alongside the aspirations and qualifications of people at different entrepreneurial stages. By examining these aspects across countries, GEM identifies key drivers and obstacles for entrepreneurship, enabling stakeholders to cultivate a supportive entrepreneurial ecosystem. The monograph also addresses the growing link between entrepreneurial endeavors and sustainable development. The research emphasizes the importance of sustainable development as an integral part of entrepreneurial thinking and action in Slovenia, which is key to promoting innovation, competitiveness and long-term prosperity in
Ključne besede: Global Entrepreneurship Monitor, entrepreneurship, early-stage entrepreneurial activity, economic development, entrepreneurship ecosystem, entrepreneurship policy, sustainable development
Objavljeno v DKUM: 14.05.2024; Ogledov: 191; Prenosov: 47
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5. Spillover effects of economic policy uncertainty on adult and youth unemploymentSilvo Dajčman, Alenka Kavkler, Natalia Levenko, Dejan Romih, 2023, izvirni znanstveni članek Opis: The paper studies the effects of foreign (the US, the UK and the Chinese) and domestic economic policy uncertainty (EPU) shocks on unemployment in Germany, France, Italy and Spain. The analysis is run separately for the rates of adult and youth unemployment. Impulse responses derived from vector autoregressive models show that the magnitudes of the responses of the adult and youth segments of the labour market are quite different. Following an uncertainty shock, the youth unemployment rate increases significantly more than the adult unemployment rate. This is the case for France, Italy and Spain. The German labour market seems to be resistant to foreign (except Chinese) and domestic EPU shocks, while the remaining labour markets, foremost the Spanish and Italian ones, are susceptible to uncertainty shocks, especially to the US EPU shocks.
Ključne besede: economic policy uncertainty, youth unemployment, adult unemployment, spillover effects, impulse responses
Objavljeno v DKUM: 26.09.2023; Ogledov: 370; Prenosov: 51
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6. The social and economic importance of sportsIvan Prudky, Thomas Schøtt, 2022, izvirni znanstveni članek Opis: Sports participation does not produce benefits solely on a personal level but
also numerous benefits on different societal levels, as well as the level of
economies. The paper represents a contribution to the exploration of factors of
individuals influencing regularity in sports participation. A logistic regression
model was used based on the data from the Eurobarometer special survey
from 2018. According to the findings, middle-aged men are the most likely
to regularly participate in sports activities and individuals with active socioprofessional status are also more likely to practice regular sports activities
than individuals who are passive. The same is true for individuals living in less
urbanised areas and those with positive life satisfaction compared to those
living in urban areas or those who are not satisfied with their life. The results
of our research are important for economic policymakers both at the national
and regional levels, as well as at the level of individual municipalities. They
facilitate the management of sports activities of individuals but are limited
to a smaller number of factors with measurement specifics. Suggestions for
further research are also presented.
Ključne besede: sports participation, sports and social aspects, sports and economic aspects, sports policy regulation
Objavljeno v DKUM: 01.09.2023; Ogledov: 302; Prenosov: 188
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7. Gospodarska diplomacija in varnost v času krizeDejan Romih, 2013, polemika, diskusijski prispevek, komentar Ključne besede: economy, diplomacy, economic policy, international relations, crises, financial crisis, economic crises
Objavljeno v DKUM: 01.08.2018; Ogledov: 1138; Prenosov: 87
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8. Exchange rate regime and bahaviour of economic participantsNeven Vidaković, 2012, doktorska disertacija Opis: This thesis investigates the impact of the exchange rate regime choice on participants in the economy. The usual approach to the investigate the impact of the exchange rate changes in the economy is to investigate how do the changes in the exchange rate value impact the changes in the inflation rate. In order to stabilize inflation many central banks often adopt fixed or very stable exchange rates. This thesis takes another approach entirely and contests the narrow view of the exchange rate to just inflation. This thesis postulates that the choices of the exchange rate regime in itself dictates the behavior of economic agents. Under different exchange rate regimes the economic participants will make different choices and the difference in choices will be exhibited in the economic data. So economies with different exchange rate regimes will have different data properties for same economic variables.
The focus of analysis is the transition small open economies which have to make a choice between stable and variable exchange rate regime. The interaction between participants in the economy is investigated through a dynamic model with optimizing agents under two states: stable and variable exchange rate regime. The participants analyzed in the thesis are: central bank, banks, households, firms and governments. Each participant makes optimal choices under each state of the exchange rate regime. Once the model is implemented interactions between the participants is investigated and how different choices change the data behavior. The model created is heavily skewed towards the impact of the monetary policy on the economy and does not investigate deeply into the fiscal policies.
The predictions from the model are compared to the actual data on a sample of 10 transition economies: Bulgaria, Czech Republic, Croatia, Estonia, Hungary, Latvia, Lithuania, Romania, Slovakia, Slovenia. The model does very well in terms of the monetary variables like foreign debt, household debt. From the data it is clear there are possible fiscal policies which could offset the effects of a particular exchange rate regime, but on the data set this was only done in Czech Republic.
Comparing the model and the data it is clear the choice of the exchange rate regime and the change of the exchange rate regime (switch in the regime) does cause different economic behavior of economic participants. This brings another light to the influence of the monetary policy on the economy since from the model and the data it is clear the choice of the exchange rate regime play a significant role in the process of decision making of economic participants. The model predicts and the data confirms there is a considerable differences in the economic variables between the two regimes. The most striking differences are in: household debt and foreign debt. The model and the data both show the variable exchange rate is superior to stable exchange rate regime
Ključne besede: exchange rate regime, dynamic optimization, economic participants, monetary policy
Objavljeno v DKUM: 22.07.2014; Ogledov: 1763; Prenosov: 140
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9. Recent transformation of economic inequality in NUTS 3 regions in SloveniaLučka Lorber, 2011, izvirni znanstveni članek Opis: The restructuring of the economy and transition to a market economy have had different impacts on the economic position of regions. The level of impact that changed economic and socio-political circumstances caused in the individual regions depended on various factors: the economic structure of the regions, their ability to reroute onto foreign markets, development potentials, development strategies, and their strategic decisions. Development problems are distinctive predominantly in areas suffering from structural backwardness and economic weakness with predominantly rural orientation, areas facing demographic problems, low income per inhabitant and high unemployment rate. The peripheral nature of the underdeveloped areas caused the emptying of the countryside and concentrating of the population in urban centers. Unfavorable demographic picture, emigration of the young, poor educational structure and shortage of adequate staff, and absence of strategic decisions had led to an increasing setback of the underdeveloped regions compared to the developed ones. The results of empirical analyses of division NUTS 3 regions in Slovenia into groups, taking into account the selected development indicators, lead to the conclusion that economic development has not been conducted in the context of modern understanding of balanced regional development and in accordance with the principle of integrity of implementing regional policy in the entire state territory. The existing regional developmental differences confirm the thesis that market mechanism on its own will not reduce economic inequality and substantiate the need for efficient conduct of regional policy.
Ključne besede: Slovenia, regional development, regional disparities, regional policy, transition, economic inequality
Objavljeno v DKUM: 07.06.2012; Ogledov: 1594; Prenosov: 35
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10. International economicsRobert J. Carbaugh, učbenik za višje in visoke šole Ključne besede: international economic relations, globalization, models, economic theories, economic equilibrium, regulation, international finances, tariffs, international traffic of payments, international banks, international banking, international trade, industrial policy, trade policy, exchange rate, international exchange, world, payments, open economy, macroeconomics, economic policy, developed countries, developing countries, multinational companies, balance of payments, texbooks, cases, case study
Objavljeno v DKUM: 02.06.2012; Ogledov: 2307; Prenosov: 73
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