Modern economic growth theories are mostly based on the typical feature of the economy- cycles in economy. Fluctuations in the economic environment are very miscellaneous - periodical, regular, short term and long term. Totality of economic fluctuations form the real picture of economic grow cycle with characteristic terms and features, which reflect the main macroeconomic trends from the economic boom till the crisis, which caused many economic activities in the observed variation in activity. Each stage of the of economic growth cycle (one end and the other start) influencing and affecting economies of world nations and countries, social and political life of society and create their own chain of causes and consequences. These conclusive thesis deals with Lithuanian economic growth cycles in period from 1991 till 2009. Lithuanian economic growth cycles and factors influencing economic fluctuations and stages of change in the economic growth cycle are analysed according to the key findings of logistic management of capital theory (Štreimikienė D., Girdzijauskas, S.). In this study was performed logistic analysis of Lithuania GDP in between 1991-2009, correlation regression analysis of the factors influenced Lithuanian economic growth cycle in 1995-2009 period, and correlation regression analysis of macroeconomic ratios of the Baltic countries.
Modern economic growth theories are mostly based on the typical feature of the economy- cycles in economy. Fluctuations in the economic environment are very miscellaneous - periodical, regular, short term and long term. Totality of economic fluctuations form the real picture of economic grow cycle with characteristic terms and features, which reflect the main macroeconomic trends from the economic boom till the crisis, which caused many economic activities in the observed variation in activity. Each stage of the of economic growth cycle (one end and the other start) influencing and affecting economies of world nations and countries, social and political life of society and create their own chain of causes and consequences. These conclusive thesis deals with Lithuanian economic growth cycles in period from 1991 till 2009. Lithuanian economic growth cycles and factors influencing economic fluctuations and stages of change in the economic growth cycle are analysed according to the key findings of logistic management of capital theory (Štreimikienė D., Girdzijauskas, S.). In this study was performed logistic analysis of Lithuania GDP in between 1991-2009, correlation regression analysis of the factors influenced Lithuanian economic growth cycle in 1995-2009 period, and correlation regression analysis of macroeconomic ratios of the Baltic countries.
Economic (sometimes called "business") cycle research is one of the most popular topics of scientific literature discussions over the last years encompassing global economy long-term grow and recession starting from 2007. Such cycles can also be observed in banking activities – decreasing crediting volumes can be noticed in the majority of countries. However, the interaction between financial and business cycles is not fully revealed and differs in different countries. In the case of Lithuania credit volume and business activeness cyclic interaction can be also named as specific, reflected in gross domestic product (GDP) and credit volume fluctuations. Based on various economic cycle stages identification methodologies, not every single fluctuations can be assigned as an economic cycle stage: some of them are not identified as significant and are not recognised as economic cycles, the others match an economic cycle stage and time criterions and can be recognized as economic cycles. In the current situation, when global economy and the situation in Lithuania show recovery signs from recession to growth, credit market reacts respectively. Though the question of business and credit volume cycles is very actual, because knowing credit market dynamics indications and synchronization level between credit and economic cycles different financial stability implementation politics measures can be developed. [.]
Economic (sometimes called "business") cycle research is one of the most popular topics of scientific literature discussions over the last years encompassing global economy long-term grow and recession starting from 2007. Such cycles can also be observed in banking activities – decreasing crediting volumes can be noticed in the majority of countries. However, the interaction between financial and business cycles is not fully revealed and differs in different countries. In the case of Lithuania credit volume and business activeness cyclic interaction can be also named as specific, reflected in gross domestic product (GDP) and credit volume fluctuations. Based on various economic cycle stages identification methodologies, not every single fluctuations can be assigned as an economic cycle stage: some of them are not identified as significant and are not recognised as economic cycles, the others match an economic cycle stage and time criterions and can be recognized as economic cycles. In the current situation, when global economy and the situation in Lithuania show recovery signs from recession to growth, credit market reacts respectively. Though the question of business and credit volume cycles is very actual, because knowing credit market dynamics indications and synchronization level between credit and economic cycles different financial stability implementation politics measures can be developed. [.]
Economic (sometimes called "business") cycle research is one of the most popular topics of scientific literature discussions over the last years encompassing global economy long-term grow and recession starting from 2007. Such cycles can also be observed in banking activities – decreasing crediting volumes can be noticed in the majority of countries. However, the interaction between financial and business cycles is not fully revealed and differs in different countries. In the case of Lithuania credit volume and business activeness cyclic interaction can be also named as specific, reflected in gross domestic product (GDP) and credit volume fluctuations. Based on various economic cycle stages identification methodologies, not every single fluctuations can be assigned as an economic cycle stage: some of them are not identified as significant and are not recognised as economic cycles, the others match an economic cycle stage and time criterions and can be recognized as economic cycles. In the current situation, when global economy and the situation in Lithuania show recovery signs from recession to growth, credit market reacts respectively. Though the question of business and credit volume cycles is very actual, because knowing credit market dynamics indications and synchronization level between credit and economic cycles different financial stability implementation politics measures can be developed. [.]
Economic (sometimes called "business") cycle research is one of the most popular topics of scientific literature discussions over the last years encompassing global economy long-term grow and recession starting from 2007. Such cycles can also be observed in banking activities – decreasing crediting volumes can be noticed in the majority of countries. However, the interaction between financial and business cycles is not fully revealed and differs in different countries. In the case of Lithuania credit volume and business activeness cyclic interaction can be also named as specific, reflected in gross domestic product (GDP) and credit volume fluctuations. Based on various economic cycle stages identification methodologies, not every single fluctuations can be assigned as an economic cycle stage: some of them are not identified as significant and are not recognised as economic cycles, the others match an economic cycle stage and time criterions and can be recognized as economic cycles. In the current situation, when global economy and the situation in Lithuania show recovery signs from recession to growth, credit market reacts respectively. Though the question of business and credit volume cycles is very actual, because knowing credit market dynamics indications and synchronization level between credit and economic cycles different financial stability implementation politics measures can be developed. [.]
In the thesis it is analysed fiscal policy of Lithuania and Estonia regarding to business cycle. There is made research how governments' fiscal policy was changing by business cycle moments and main political parties' ideologies. Thesis objective: create the methodic for fiscal policy evaluation regarding to business cycles. First of all, in the thesis was made fiscal policy, business cycles, and political parties ideologies theoretical analysis. After theoretical analysis was formed model, by Cobb-Douglas production function major factors: capital and work force. Model was used to find dependence between gross domestic product changes and gross capital forming, employees, government expenditure changes. Research showed that model doesn't reveal connection between fiscal policy and business cycles. Government expenditure was detected like statistically insignificant for gross domestic product changes. Comparative model was used for general fiscal policy assessment, which showed that in Lithuania and Estonia it is used procyclical fiscal policy independently from political parties' ideologies.
In the thesis it is analysed fiscal policy of Lithuania and Estonia regarding to business cycle. There is made research how governments' fiscal policy was changing by business cycle moments and main political parties' ideologies. Thesis objective: create the methodic for fiscal policy evaluation regarding to business cycles. First of all, in the thesis was made fiscal policy, business cycles, and political parties ideologies theoretical analysis. After theoretical analysis was formed model, by Cobb-Douglas production function major factors: capital and work force. Model was used to find dependence between gross domestic product changes and gross capital forming, employees, government expenditure changes. Research showed that model doesn't reveal connection between fiscal policy and business cycles. Government expenditure was detected like statistically insignificant for gross domestic product changes. Comparative model was used for general fiscal policy assessment, which showed that in Lithuania and Estonia it is used procyclical fiscal policy independently from political parties' ideologies.
In the thesis it is analysed fiscal policy of Lithuania and Estonia regarding to business cycle. There is made research how governments' fiscal policy was changing by business cycle moments and main political parties' ideologies. Thesis objective: create the methodic for fiscal policy evaluation regarding to business cycles. First of all, in the thesis was made fiscal policy, business cycles, and political parties ideologies theoretical analysis. After theoretical analysis was formed model, by Cobb-Douglas production function major factors: capital and work force. Model was used to find dependence between gross domestic product changes and gross capital forming, employees, government expenditure changes. Research showed that model doesn't reveal connection between fiscal policy and business cycles. Government expenditure was detected like statistically insignificant for gross domestic product changes. Comparative model was used for general fiscal policy assessment, which showed that in Lithuania and Estonia it is used procyclical fiscal policy independently from political parties' ideologies.
The topic of Master's thesis on the financial markets is relevant considering the increasing importance of foreign direct investments (FDI) on the synchronization process of business cycles. The formation of FDI policy can help strengthening the identity of business cycles of the countries of the European Union (EU). Therefore, the basic problem of research is raised – whether the FDI have equal influence on the synchronization of business cycles of the countries of the EU. The object of research is the impact of FDI on the synchronization of business cycles of the countries of the European Union. The goal of this research is to analyze the influence of significance of inter–relations between the FDI and the business cycles of the EU on the synchronization of business cycle considering the exogenic characteristics of countries and the development level of their economics. In order to implement the goal the tasks are raised: to familiarize with the peculiarities of financial integration, which have influence on the development aspect of FDI, to analyze the fluctuations of business cycles and the factors, which have influence on the synchronization of business cycles, to evaluate the impact of FDI on the synchronization of business cycles of countries, to prepare the methodology of research in order to analyze the impact of significance of inter-relations between the FDI and the business cycles of the EU on the synchronization of business cycles considering the exogenic characteristics and the development level of countries, to form the evaluative model of impact of FDI on the synchronization of the countries of the EU and to perform the empirical research, to describe and to explain the results received during the research, to give the recommendations for the succession of research. The methodology of research: the comparative analysis of literature sources, scientific articles, systemization, blocking, interpretation of statistical data and graphical (retrospective), dynamic, logic and regressive – correlative analysis of collected statistical data. In the first stage of research the hypothesis about the exogenic characteristics of the countries of the EU and the impact of development level of their economics on the synchronization of business cycles was checked. In the second stage of research the hypotheses about the impact of significance of inter-relations between the FDI and the business cycles of the European Union on the synchronization of business cycles were checked. The prepared methodology of research permitted to determine that the business cycles of the countries of the EU having equal exogenic characteristics and the development level of economics synchronize; the synchronization peculiarities of business cycles of the EU countries depend on the significance of inter-relations between the foreign direct investments and the business cycles: if the inter–relations between GDP and FDI are significant – the synchronization changes of the EU business cycles are trivial if the business cycles of the EU countries, which inter-relations between GDP and FDI are not significant, synchronize. The model formed in the paper can be applied while evaluating the impact of other actions on the synchronization of business cycles.
The topic of Master's thesis on the financial markets is relevant considering the increasing importance of foreign direct investments (FDI) on the synchronization process of business cycles. The formation of FDI policy can help strengthening the identity of business cycles of the countries of the European Union (EU). Therefore, the basic problem of research is raised – whether the FDI have equal influence on the synchronization of business cycles of the countries of the EU. The object of research is the impact of FDI on the synchronization of business cycles of the countries of the European Union. The goal of this research is to analyze the influence of significance of inter–relations between the FDI and the business cycles of the EU on the synchronization of business cycle considering the exogenic characteristics of countries and the development level of their economics. In order to implement the goal the tasks are raised: to familiarize with the peculiarities of financial integration, which have influence on the development aspect of FDI, to analyze the fluctuations of business cycles and the factors, which have influence on the synchronization of business cycles, to evaluate the impact of FDI on the synchronization of business cycles of countries, to prepare the methodology of research in order to analyze the impact of significance of inter-relations between the FDI and the business cycles of the EU on the synchronization of business cycles considering the exogenic characteristics and the development level of countries, to form the evaluative model of impact of FDI on the synchronization of the countries of the EU and to perform the empirical research, to describe and to explain the results received during the research, to give the recommendations for the succession of research. The methodology of research: the comparative analysis of literature sources, scientific articles, systemization, blocking, interpretation of statistical data and graphical (retrospective), dynamic, logic and regressive – correlative analysis of collected statistical data. In the first stage of research the hypothesis about the exogenic characteristics of the countries of the EU and the impact of development level of their economics on the synchronization of business cycles was checked. In the second stage of research the hypotheses about the impact of significance of inter-relations between the FDI and the business cycles of the European Union on the synchronization of business cycles were checked. The prepared methodology of research permitted to determine that the business cycles of the countries of the EU having equal exogenic characteristics and the development level of economics synchronize; the synchronization peculiarities of business cycles of the EU countries depend on the significance of inter-relations between the foreign direct investments and the business cycles: if the inter–relations between GDP and FDI are significant – the synchronization changes of the EU business cycles are trivial if the business cycles of the EU countries, which inter-relations between GDP and FDI are not significant, synchronize. The model formed in the paper can be applied while evaluating the impact of other actions on the synchronization of business cycles.
The Activity Report of the Ministry of Foreign Affairs of the Republic of Lithuania for 2017 declares that Lithuania's foreign policy is effective and claims that public opinion is the most important criteria for measuring its effectiveness. The article analyses Lithuania's foreign public policy cycle, with the focus on its formation and evaluation peculiarities. It argues that the cycle of Lithuanian foreign public policy is stagnating since its evaluation stage lacks efficiency and misses critical evaluations. The lack of strategic documents does not allow defining core foreign policy goals and in this matter to evaluate their achievement. The ambiguous goals in lower level documents prevent critical evaluation because of political interests. Lithuanian foreign policy is the outcome of close cooperation between President's Office and Ministry of Foreign Affairs which limits criticism between institutions. The Seimas provides greater criticism only when initiative is showed by the opposition. Foreign policy remains the sphere of responsibility of the political elite which has broad consensus and has differences in their views on a tactical level. Media and experts, for the most part, avoid critical evaluations of foreign policy as they want to remain in the dominating discourse and keep close contacts with state institutions. The current evaluation environment and tools are not sufficient to make changes at the agenda-setting stage of foreign policy.
The Activity Report of the Ministry of Foreign Affairs of the Republic of Lithuania for 2017 declares that Lithuania's foreign policy is effective and claims that public opinion is the most important criteria for measuring its effectiveness. The article analyses Lithuania's foreign public policy cycle, with the focus on its formation and evaluation peculiarities. It argues that the cycle of Lithuanian foreign public policy is stagnating since its evaluation stage lacks efficiency and misses critical evaluations. The lack of strategic documents does not allow defining core foreign policy goals and in this matter to evaluate their achievement. The ambiguous goals in lower level documents prevent critical evaluation because of political interests. Lithuanian foreign policy is the outcome of close cooperation between President's Office and Ministry of Foreign Affairs which limits criticism between institutions. The Seimas provides greater criticism only when initiative is showed by the opposition. Foreign policy remains the sphere of responsibility of the political elite which has broad consensus and has differences in their views on a tactical level. Media and experts, for the most part, avoid critical evaluations of foreign policy as they want to remain in the dominating discourse and keep close contacts with state institutions. The current evaluation environment and tools are not sufficient to make changes at the agenda-setting stage of foreign policy.
The Activity Report of the Ministry of Foreign Affairs of the Republic of Lithuania for 2017 declares that Lithuania's foreign policy is effective and claims that public opinion is the most important criteria for measuring its effectiveness. The article analyses Lithuania's foreign public policy cycle, with the focus on its formation and evaluation peculiarities. It argues that the cycle of Lithuanian foreign public policy is stagnating since its evaluation stage lacks efficiency and misses critical evaluations. The lack of strategic documents does not allow defining core foreign policy goals and in this matter to evaluate their achievement. The ambiguous goals in lower level documents prevent critical evaluation because of political interests. Lithuanian foreign policy is the outcome of close cooperation between President's Office and Ministry of Foreign Affairs which limits criticism between institutions. The Seimas provides greater criticism only when initiative is showed by the opposition. Foreign policy remains the sphere of responsibility of the political elite which has broad consensus and has differences in their views on a tactical level. Media and experts, for the most part, avoid critical evaluations of foreign policy as they want to remain in the dominating discourse and keep close contacts with state institutions. The current evaluation environment and tools are not sufficient to make changes at the agenda-setting stage of foreign policy.
The Activity Report of the Ministry of Foreign Affairs of the Republic of Lithuania for 2017 declares that Lithuania's foreign policy is effective and claims that public opinion is the most important criteria for measuring its effectiveness. The article analyses Lithuania's foreign public policy cycle, with the focus on its formation and evaluation peculiarities. It argues that the cycle of Lithuanian foreign public policy is stagnating since its evaluation stage lacks efficiency and misses critical evaluations. The lack of strategic documents does not allow defining core foreign policy goals and in this matter to evaluate their achievement. The ambiguous goals in lower level documents prevent critical evaluation because of political interests. Lithuanian foreign policy is the outcome of close cooperation between President's Office and Ministry of Foreign Affairs which limits criticism between institutions. The Seimas provides greater criticism only when initiative is showed by the opposition. Foreign policy remains the sphere of responsibility of the political elite which has broad consensus and has differences in their views on a tactical level. Media and experts, for the most part, avoid critical evaluations of foreign policy as they want to remain in the dominating discourse and keep close contacts with state institutions. The current evaluation environment and tools are not sufficient to make changes at the agenda-setting stage of foreign policy.
