Duration of Regional Unemployment Spells in Slovenia

The paper begins with an overview of the unemployment rate in Slovenia and focuses on duration of unemployment and regional characteristics of the unemployment rates. It is shown that the dispersion of regional unemployment rate is gradually decreasing and is also slightly below European average on NUTS 3 level. The analysis of the duration of regional unemployment spells is based on the data obtained from the Employment Office of the Republic of Slovenia, which consists of the unemployment spells between January 1st, 2002 and November 18th, 2005 with more than 450,000 entries. The Kaplan-Meier estimates of the survival function are presented and the effects of region on the duration of unemployment spells are discussed.unemployment, regions, survival analysis, Kaplan-Meier estimator, Slovenia

The Trade Deficit and Banking Sector Results in Romania and Bulgaria

We tested for the significance of macroeconomic variables that condition non-performing loan ratios. Our estimates for Bulgaria and Romania support the hypothesis that the growth of available finance might harm banking performance and deteriorate NPL dynamics, most probably due to the overheating of economies. Since we confirmed that the dynamics of net exports of these economies deteriorated the NPL ratio, the weakening of growth in export-oriented industries could lead to economic contraction with a direct impact on the sustainability of banking-sector results in these countries. Large current account deficits are typical for emerging markets and do not pose a problem as long as they are caused by the importing of capital goods, and, if future export growth is strong enough to reimburse foreign debt. Structural dependence on external financing - which is in part a by-product of the effect of low levels of internal saving - have led to large current account deficits and financial instability.cyclicality, non-performing loans, systemic risk, asset quality, economic growth

Duration of regional unemployment spells in Slovenia

The paper begins with an overview of the unemployment rate in Slovenia and focuses on duration of unemployment and regional characteristics of the unemployment rates. It is shown that the dispersion of regional unemployment rate is gradually decreasing and is also slightly below European average on NUTS 3 level. The analysis of the duration of regional unemployment spells is based on the data obtained from the Employment Office of the Republic of Slovenia, which consists of the unemployment spells between January 1st, 2002 and November 18th, 2005 with more than 450,000 entries. The Kaplan - Meier estimates of the survival function are presented and the effects of region on the duration of unemployment spells are discussed

Unemployment in Slovenia

Capitalul uman este una dintre cele mai importante forţe motrice ale competitivităţii economice, ale dezvoltării şi creşterii economice. Jumătate din abilităţile, cunoştinţele şi productivitatea unei naţiuni este reprezentată de femei. Pe termen lung, performanţele economice ale unei ţări depind de cât de eficient şi în ce măsură este utilizat talentul feminin. Analiza noastră de supravieţuire privind inegalităţile dintre sexe pe perioadele de şomaj în Slovenia s-a bazat pe un set de date cu mai mult de 450000 perioade de şomaj ale persoanelor fizice între ianuarie 2004 şi iulie 2008. Analiza empirică bazată pe estimări Kaplan-Meier a funcţiei de supravieţuire sugerează că diferenţele dintre sexe pe durata perioadelor de şomaj în Slovenia sunt semnificative. Baza noastră de date arată că există peste 107% mai multe perioade de şomaj în rândul femeilor cu studii superioare comparativ cu bărbaţii cu acelaşi nivel de educaţie. Acest fapt indică existenţa unui potenţial neexploatat şi folosirea prea puţin a talentului sexului feminin care, dacă ar fi accesat, ar putea contribui la sporirea competitivităţii şi la o mai puternică creştere economică a ţării în ansamblu.Human capital is one of the most important driving forces for economic competitiveness, development and growth. One half of a nation\u27s skills, knowledge, and productivity is represented by women. In the long run a country\u27s economic performance depends on how effectively and to what extent female talent is well utilized. Our survival analysis of gender disparities in duration of unemployed spells in Slovenia was based on a dataset with more than 450,000 unemployment spells for individuals between January 2004 and July 2008. The empirical analysis based on Kaplan-Meier estimates of survival function suggests that gender disparities in the duration of unemployment spells in Slovenia are significant. Our database shows that there are 107% more unemployment spells for women with tertiary education compared to men with the same level of education. This fact is indicating unexploited potential and underuse of female talents which, if accessed, could contribute to higher competitiveness and overall stronger economic growth of the country

Unemployment in Slovenia: Impact of Gender Disparities During Unemployment Spells

Human capital is one of the most important driving forces for economic competitiveness, development and growth. One half of a nation’s skills, knowledge, and productivity is represented by women. In the long run a country’s economic performance depends on how effectively and to what extent female talent is well utilized. Our survival analysis of gender disparities in duration of unemployed spells in Slovenia was based on a dataset with more than 450,000 unemployment spells for individuals between January 2004 and July 2008. The empirical analysis based on Kaplan-Meier estimates of survival function suggests that gender disparities in the duration of unemployment spells in Slovenia are significant. Our database shows that there are 107% more unemployment spells for women with tertiary education compared to men with the same level of education. This fact is indicating unexploited potential and underuse of female talents which, if accessed, could contribute to higher competitiveness and overall stronger economic growth of the country.gender, unemployment, survival analysis, Kaplan-Meier, Slovenia

Dimensions of Decision-Making Process Quality and Company Performance: A Study of Top Managers in Slovenia

This paper investigates the relationship between the dimensions of the decision- making process quality and company performance of top managers’ in Slovenia. We found out that companies whose managers exhibit an above-average dimension of openness of spirit in the quality of the decision making process, on average, have a higher stance on foreign markets as companies in which managers show a below-average open spirit. For the managers who work in companies that are present in foreign markets, we could confirm that there is a low/weak correlation between the dimension of effort of the decision-making process quality and the number of employees in a company.Prispevek obravnava odnos med dimenzijami kakovosti procesa odločanja in uspešnostjo podjetja za vodilne manedžerje v Sloveniji. Ugotovili smo, da podjetja, katerih vodilni manedžerji izkazujejo nadpovprečno veliko dimenzijo odprtega obzorja pri kakovosti procesa odločanja, imajo v povprečju višji delež prihodkov ustvarjenih na tujih trgih, kot pa podjetja, v katerih manedžerji izkazujejo podpovprečno odprto obzorje. Za menedžerje, ki delujejo v podjetjih, ki so prisotna na tujih trgih, smo lahko potrdili, da obstaja pri njih nizka/šibka povezava med dimenzijo vloženega truda pri kakovosti procesa odločanja in številom zaposlenih v podjetju

Estimation of Government Spending Multiplier in EU Economies

The aim of this paper is to estimate government consumption multiplier and to examine the effect of various characteristics of countries on the size of fiscal multiplier. We apply a panel VAR model following Ilzetzki et al. (2013) for a sample of 28 EU countries covering the period from 1995 to 2017. Key findings are, first, the estimated average fiscal multiplier is larger than unity. Second, the size of fiscal multiplier is larger in the cases of lower public indebtedness, for more developed European countries and for more financially open economies, which is also in line with relevant empirical literature. Regarding the role of trade openness, the results are inconclusive. In addition to this, membership of countries in the European integrations positively affects the size of fiscal multiplier. Therefore, fiscal policymakers should use fiscal stimuli as the instrument of boosting short- term economic growth selectively and consider country-specific characteristics. This paper contributes to the ongoing discussion in two ways, it examines the effect of additional characteristics of countries on the size of fiscal multiplier and updates existing empirical literature.Namen tega članka je oceniti multiplikator vladne potrošnje na panelu držav EU in preveriti vpliv izbranih karakteristik držav na višino fiskalnega multiplikatorja. Na vzorcu 28 držav EU, ki zaobjema obdobje 1995-2017, apliciramo panelni VAR model, pri čemer sledimo Ilzetzkiju idr. (2013). Ugotavljamo, da je ocenjen povprečni multiplikator vladne potrošnje večji od ena in da je fiskalni multiplikator višji v primeru nižje ravni javne zadolženosti, v bolj razvitih državah in v finančno bolj odprtih gospodarstvih. Učinek trgovinske odprtosti držav na višino fiskalnega multiplikatorja je nejasen. Prav tako ugotavljamo pozitivno odvisnost višine multiplikatorja vladne potrošnje od članstva držav v evropskih integracijah. Na podlagi rezultatov lahko sklepamo, da je za nosilce fiskalne politike smiselna selektivna uporaba fiskalnih spodbud pri uravnavanju kratkoročne gospodarske aktivnosti. Naš članek ažurira obstoječo empirično literaturo in oceni vpliv dodatnih, manj raziskanih karakteristik držav na velikost fiskalnega multiplikatorj

Growth Effects of Cross-border Mergers and Acquisitions in European Transition Countries

This paper deals with the economic effect of cross-border mergers and acquisitions on GDP per capita in European transition countries for the 2000– 2014 period. Our analysis shows that cross-border mergers and acquisitions have a negative effect on GDP per capita in the current period, whereas their lagged level positively impacts output performance. We found that transition countries characterized by a higher quality of institutional setting have achieved a positive impact on GDP per capita.V članku se ukvarjamo z ekonomskim učinkom čezmejnih združitev in prevzemov na BDP na prebivalca v evropskih tranzicijskih državah v obdobju med letoma 2000 in 2014. Naši empirični rezultati kažejo, da imajo čezmejne združitve in prevzemi negativen učinek na BDP na prebivalca v tem obdobju, vpliv odložene spremenljivke pa je pozitiven. Ugotavljamo, da so tranzicijske države, ki izkazujejo višjo kakovost institucionalnega okolja, uresničile pozitiven vpliv na BDP na prebivalca