Suchergebnisse

In recent years, Lithuania has been perfectly satisfying the convergence criteria for the national debt and the budget deficit, i.e. has not exceeded the settled 60 percent and 3 percent respectively of the reference values of the Maastricht Agreement. On the other hand, recently it has been more and more frequently noticed in the economist forums that the aspects of the country's borrowing are sufficiently problematic and an increase in the fiscal deficit seems inevitable at an early date, thus actually it will not be easy to shape fiscal policy. Taking into consideration the defined problematic arguments in terms of the state financial stability, it is relevant to analyse the tendencies of meeting the above mentioned criteria and the essential factors influencing them, to evaluate involvement with other macroeconomical indices which would help to disclose problematic aspects, possible ways of problem solution and to avoid the risk of not repeatedly becoming a full member of EVS in future. In order to investigate stability of Lithuanian economic convergence in the context of the fiscal provisions of the Maastricht Agreement, the article presents a conception of convergence and outlines possible ways of its cognizance and evaluation in terms of macroeconomical theory and the Maastricht Agreement. The analysis of the debt of the government sector and the budget deficit as well as of the tendencies of variation in percent indices compared to the GDP revealed the characteristics of the situation and the spread of the latter, cohesion was evaluated by applying regression analysis. [.].

In recent years, Lithuania has been perfectly satisfying the convergence criteria for the national debt and the budget deficit, i.e. has not exceeded the settled 60 percent and 3 percent respectively of the reference values of the Maastricht Agreement. On the other hand, recently it has been more and more frequently noticed in the economist forums that the aspects of the country's borrowing are sufficiently problematic and an increase in the fiscal deficit seems inevitable at an early date, thus actually it will not be easy to shape fiscal policy. Taking into consideration the defined problematic arguments in terms of the state financial stability, it is relevant to analyse the tendencies of meeting the above mentioned criteria and the essential factors influencing them, to evaluate involvement with other macroeconomical indices which would help to disclose problematic aspects, possible ways of problem solution and to avoid the risk of not repeatedly becoming a full member of EVS in future. In order to investigate stability of Lithuanian economic convergence in the context of the fiscal provisions of the Maastricht Agreement, the article presents a conception of convergence and outlines possible ways of its cognizance and evaluation in terms of macroeconomical theory and the Maastricht Agreement. The analysis of the debt of the government sector and the budget deficit as well as of the tendencies of variation in percent indices compared to the GDP revealed the characteristics of the situation and the spread of the latter, cohesion was evaluated by applying regression analysis. [.].

The paper reveals the concept of innovations and briefly discusses the development of models of the innovation process. To evaluate the impact of innovation development on labour productivity retrospective research of the correlations of innovations and labour productivity was carried out. This enabled to generate the evaluation scheme of innovations as the factor that increases labour productivity. The research was performed using data of EU- 27 of 2001-2010. After ranking the EU states according to labour productivity, summarised the innovative index and R&D expenditures it was established that the states of high labour productivity demonstrate bigger gaps in ranking; therefore, in the first research stage it was assumed that correlation between innovation development and labour productivity is stronger in the countries of lower labour productivity. Proceeding analysis this assumption was checked by indicating correlation between the key indicator that reflects innovation development (R&D) and labour productivity using the correlation-regressive analysis. Its results show that innovation development is not the factor that predetermines labour productivity in the countries of high labour productivity; however, the impact of innovations on labour productivity in medium and low productivity countries is direct and significant, with few exceptional cases. The conclusion here might be that innovations are resources for labour productivity increase in medium and low productivity countries.

The paper reveals the concept of innovations and briefly discusses the development of models of the innovation process. To evaluate the impact of innovation development on labour productivity retrospective research of the correlations of innovations and labour productivity was carried out. This enabled to generate the evaluation scheme of innovations as the factor that increases labour productivity. The research was performed using data of EU- 27 of 2001-2010. After ranking the EU states according to labour productivity, summarised the innovative index and R&D expenditures it was established that the states of high labour productivity demonstrate bigger gaps in ranking; therefore, in the first research stage it was assumed that correlation between innovation development and labour productivity is stronger in the countries of lower labour productivity. Proceeding analysis this assumption was checked by indicating correlation between the key indicator that reflects innovation development (R&D) and labour productivity using the correlation-regressive analysis. Its results show that innovation development is not the factor that predetermines labour productivity in the countries of high labour productivity; however, the impact of innovations on labour productivity in medium and low productivity countries is direct and significant, with few exceptional cases. The conclusion here might be that innovations are resources for labour productivity increase in medium and low productivity countries.