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The paper aims at empirical evaluation of the impact of R&D expenditures on the bioeconomy innovativeness. The research is based on the cross-sectional analyses of correlation and regression between the value of biotech R&D expenditures and the number of biotech patents granted in the EU countries. In particular, the study attempts to assess a relative effectiveness of R&D expenditures in public and business sectors. The data for the analysis were extracted from the OECD Statistical Database and Eurostat Database covering the period 2009-2014. Given the availability of data the examined sample covers 11 countries. The results indicate a positive and statistically significant impact of biotech R&D expenditures on bioeconomy innovativeness in the pooled sample of countries and suggest a higher effectiveness of private sources of funding.
Farmers’ social insurance system is financed by the state budget to a considerable degree. It results from low premium paid by insured, as well as the lack of its resistance towards changes in demographic potential. In the face of that, considering both economic and demographic factors the farmers’ social insurance system reform should be introduced.
The study identifies consumer and household characteristics that determine the expenditure on fresh apples, the most important fruit in terms of volume consumed. Using data from the national household panel and applying the quantile regression five equations were estimated for households with the different income level and source. Low income households lower their expenditure on apples in response to the increase in the aggregate measure of the price level, but increase their expenditure to a larger extent in response to an increase in their income than households from higher income categories.Celem artyku³u by³o zidentyfikowanie cech konsumenta oraz gospodarstwa domowego, które istotnie wp³ywaj¹ na wielkoæ wydatków na zakup jab³ek, najwa¿niejszego wie¿ego owocu spo¿ywanego w Polsce. Wykorzystuj¹c dane za lata 2001-2008 zebrane z GUS, obliczono piêæ równañ metod¹ regresji kwantylowej, aby porównaæ istotnoæ zmiennych objaniaj¹cych dla gospodarstw domowych o ró¿nej wielkoci i ródle dochodów. Gospodarstwa domowe o najni¿szych dochodach zmniejszaj¹ wydatki na jab³ka w odpowiedzi na rosn¹cy poziom cen. Natomiast zwiêkszaj¹ wydatki kiedy rosn¹ ich dochody w wiêkszym stopniu ni¿ gospodarstwa domowe z wy¿szych kategorii dochodow.
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The aim of this paper is to conduct an analysis of R&D investments and their impact on a biotechnology firm’s value. The sample consists of the top 52 R&D investors from the European biotechnology sector. The data were obtained from “EU Industrial R&D Investment Scoreboard”. The multiple linear regression was applied to find the answer to the research question. The main findings of the study reveal that there is a positive relationship between the firm’s investment in R&D and the market value.
Wagners’s Law applies to increasing public expenditure borne by the central government and local governments. In this article the notion of local self-government spending is explained along with its role in satisfying local communities’ needs. The study involves a discussion of budget expenditures borne by local communes (municipalities, gminas) and cities with county rights and details the expenditures of the capitals of provinces (voivodships) in Poland. A hypothesis is put forward that in the years 1995-2011 the aforementioned governments allocated continuously increasing expenditures to satisfy public needs. Moreover, the aim of the article is to analyze the level and dynamics of budget expenditures of gminas and cities with county rights in the years 1995-2011. For these years, particular types of expenditures per capita shall be analyzed along with those borne by the voivodship capitals and their share in the general expenditure of the discussed administrative units.
Expenditures for innovation in Poland food industry as compared to expenditures for innovation in industry in general of the Łódź province are presented for the selected period of 2009-2013, and as such, is the subject of the inquiry. Results indicate that investment expenditures in the nations food industry have been systematically rising (from 5155.5 mln in PLN in 2009, to 7,227.2 mln PLN in 2013) with majority spending for machinery, technical equipment, tools and transportation means (over 57% of the expenditures. The level of investment in this industry reached 30,186.3 mln PLN in the Łódź province, and the expansion of this agrifood sector opens opportunities for greater competitiveness.
The aim of the paper is identification of the relationship between the amount of expenditure for tourism born by mountain communes (gminas) in Poland and intensity of tourist traffic in their areas. The analysis of tourist traffic in mountain communes in Poland in the first place allowed to establish that an average intensity of tourist traffic is greater than generally in Poland. The observation does not refer to the whole of the analyzed area, since tourist traffic reveals a very high concentration, reaching extreme cases in the communes where not a single tourist used bed-places. Registered increase in tourist traffic intensity did not apply to the whole area of mountain communes in Poland. Mountain communes only to some extent get involved in realization of expenditure on tourism - less than half of communes participated in them in 2009 and only few communes spent considerable amounts of money. Average expenditure from commune budgets on tourism, both total and per one tourist using bed places in mountain communes, were higher than the average for all communes in Poland.None of the applied methods of identification of correlative dependence allowed to establish its occurrence on a significant level, therefore the number of tourists in mountain communes in Poland does not directly depend on the amount of expenditure on tourism realized by these communes.
The aim of the article was to present the food consumption in years 1999-2003. There was discussed the diversification of incomes and expenditures in particular quintile and socialeconomics groups as well as their influence on consumption size. It was mentioned that the incomes are less diverse in each group than in whole rural population. It was noticed that in groups of the lowest income the consumption size is not sufficient and often does not let satisfy all basic needs. It was affirmed that in the first quintile, the price for one good is usually lower than in the fifth quintile, which proves that goods purchased by poor people are generally of worse quality. Quantitative and qualitative consumption improvement may be caused by income increase of rural areas population.
Subject and purpose of work: The subject of the paper is the formation of household savings in Ukraine and their sources of aggregate household incomes, with particular attention to the Ukrainian labor migration. It is an important source of foreign exchange earnings in the form of remittances, which help improve the welfare of population and ensure economic growth in the country. The purpose of the paper is to research and determine major trends of the development of households’ financial resources, to examine the foreign experience of forming and use of residents’ savings and to determine the ways it can be applied in Ukraine, and to analyze the main trends of state policy in the regulation of labor migrants’ remittances. Materials and methods: The author of this paper analyzed the literature on the subject and performed desk research using data from reports and studies published by EU statistics (Euro stat Statistics) and GUS (Statistics Poland), statistical yearbooks of Europe; WDR reports (Global Financial Development Report 2019/2020) and NBU (Official website of the National Bank of Ukraine). Results: The author’s research has shown that the process of saving is quite popular for European people is quite popular. Accordingly, in 2019, the residents of Poland, Hungary and Romania were the most frugal – 82%, 84% and 85%. Further attitudes towards savings are the following: Turks (77%), Ukrainians (76%), Croats (75%), Serbs (72%), Germans (73%), while savings are slightly less important for Austrians (70%), Slovaks (67%), Czechs (66%), and Montenegrins (59%). This savings situation has clearly demonstrated the power of effective household decisions for overall political and economic activity in Europe. Finally, the migration capital of Ukraine has a “shadow character” due to, first of all, the desire to minimize the costs of transferring funds home through official channels, as well as distrust of the banking sector in Ukraine. Conclusions: To increase the efficiency of the formation and use of household savings in Ukraine, it is necessary to increase the interest of citizens in savings by partially or completely exempting from taxation the income directed to accumulation and create the conditions necessary for the implementation of new banking, insurance, and other types of financial services.
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