In this article the authors aim to justify the structure of the strategic management model for rational economic development by evaluating the new challenges facing the national economy development. The use of the SWOT strategic planning tool is critically evaluated, and the benefits of a balanced economic expert analysis structure are substantiated. Based on the findings in this article, it is recommended that government action programmes be based on the national economic development strategy formed by independent experts and given approval by the Lithuanian Seimas (Parliament).
In this article the authors aim to justify the structure of the strategic management model for rational economic development by evaluating the new challenges facing the national economy development. The use of the SWOT strategic planning tool is critically evaluated, and the benefits of a balanced economic expert analysis structure are substantiated. Based on the findings in this article, it is recommended that government action programmes be based on the national economic development strategy formed by independent experts and given approval by the Lithuanian Seimas (Parliament).
In this article the authors aim to justify the structure of the strategic management model for rational economic development by evaluating the new challenges facing the national economy development. The use of the SWOT strategic planning tool is critically evaluated, and the benefits of a balanced economic expert analysis structure are substantiated. Based on the findings in this article, it is recommended that government action programmes be based on the national economic development strategy formed by independent experts and given approval by the Lithuanian Seimas (Parliament).
In this article the authors aim to justify the structure of the strategic management model for rational economic development by evaluating the new challenges facing the national economy development. The use of the SWOT strategic planning tool is critically evaluated, and the benefits of a balanced economic expert analysis structure are substantiated. Based on the findings in this article, it is recommended that government action programmes be based on the national economic development strategy formed by independent experts and given approval by the Lithuanian Seimas (Parliament).
The doctoral dissertation aim is to find answer to following scientific problem: which of theoretical interpretations of integration, convergence and cohesion, as well as methodological tools should be used as a basis to measure and evaluate economic and social cohesion and its links with economic growth in EU? In the work it was developed the interpretation of the concept of economic and social cohesion, which is based on three fundamental aspects: convergence (convergence of the development levels of the entities is necessarily a result of cohesion), continuous development (balanced development of all components of cohesion) and sustainability (a constant development of all the compared entities). Author developed and practically tested the model of assessment of economic and social cohesion in the EU, based on the aggregate economic and social cohesion index. In this model GDP and Maastricht convergence criteria are supplemented by important structural indicators (employment, income inequality and risk-of-poverty), which help better assess real cohesion situation in EU.
The doctoral dissertation aim is to find answer to following scientific problem: which of theoretical interpretations of integration, convergence and cohesion, as well as methodological tools should be used as a basis to measure and evaluate economic and social cohesion and its links with economic growth in EU? In the work it was developed the interpretation of the concept of economic and social cohesion, which is based on three fundamental aspects: convergence (convergence of the development levels of the entities is necessarily a result of cohesion), continuous development (balanced development of all components of cohesion) and sustainability (a constant development of all the compared entities). Author developed and practically tested the model of assessment of economic and social cohesion in the EU, based on the aggregate economic and social cohesion index. In this model GDP and Maastricht convergence criteria are supplemented by important structural indicators (employment, income inequality and risk-of-poverty), which help better assess real cohesion situation in EU.
After the collapse of communism, the post-communist countries had to transform their economic and social systems, democratize the political system, etc. The post-communist countries had to demonstrate their ability and potential to create strong social security system (social model), thereby ensuring the welfare for its citizens. The newly created social models had to rely on a certain notion of prosperity, while the state had to take care of the implementation of the welfare regime, formulate the methods and measures that are necessary for the achievement of the welfare state. There are many attempts at understanding, evaluating and describing the social (welfare) models and their development in post-communist states. Case studies and comparative studies of several countries are used most commonly. Some of the researchers attempt to put the postcommunist model into the traditional typology of G. Esping-Andersen's three models – liberal, conservative and social democratic. However, there is a growing consensus, that the postcommunist states have the features of all three models, are unique and therefore form a separate model. Taking this into account, the aim of this paper is formulated – to identify and analyze social model of post-communist states. G. Esping-Andersen's classification of welfare regimes is considered to be the main and most prevalent in the scientific community, however, many countries have different features of all G. Esping-Andersen's types and do not match just one of the models exactly. It is for this reason that the typology of G. Esping-Andersen has received a lot of criticism of its rigor and therefore there are many attempts to correct, adjust or extend this typology, usually by adding one or more models. One of these attempts applies to the search for a post-communist model. The analysis of social models proves that the social policy of post-communist countries does not reflect any type of G. Esping-Andersen's typology and is so mixed and specific that it should be considered as a separate post-communist model. The post-communist countries are characterized by a lower level of economic and social development, high levels of corruption, high migration rates, social inequality, lower levels of social protection, etc. It was determined that the welfare system of the post-communist states was influenced by three factors: the legacy of the past, the influence of the West and political reforms. The legacy of the past is, above all, communist experience, although it has been proven that the origins of the development of social models and welfare of the post-communist countries backs to the German and Austro-Hungarian empires. The influence of the West is mostly connected to the European Union (because states had to meet strict requirements and make social, economic and political changes in order to become the members of EU) and other international organizations (such as World Bank, International Monetary Fund). Political reforms are mainly related to expanding citizens' rights, increasing social protection and social services. The biggest challenge to the creation of social model and a welfare system was the period of transformation, which took place under difficult circumstances, and was accompanied by shocks, upheavals: in the early 1990's the economic recession has begun, the legacy of the socialist model has led to a limitation of financial resources, the state has faced major demographic changes, the socioeconomic structure of society has changed, savings in the social security system increased as well as poverty, unemployment, inequality etc.
After the collapse of communism, the post-communist countries had to transform their economic and social systems, democratize the political system, etc. The post-communist countries had to demonstrate their ability and potential to create strong social security system (social model), thereby ensuring the welfare for its citizens. The newly created social models had to rely on a certain notion of prosperity, while the state had to take care of the implementation of the welfare regime, formulate the methods and measures that are necessary for the achievement of the welfare state. There are many attempts at understanding, evaluating and describing the social (welfare) models and their development in post-communist states. Case studies and comparative studies of several countries are used most commonly. Some of the researchers attempt to put the postcommunist model into the traditional typology of G. Esping-Andersen's three models – liberal, conservative and social democratic. However, there is a growing consensus, that the postcommunist states have the features of all three models, are unique and therefore form a separate model. Taking this into account, the aim of this paper is formulated – to identify and analyze social model of post-communist states. G. Esping-Andersen's classification of welfare regimes is considered to be the main and most prevalent in the scientific community, however, many countries have different features of all G. Esping-Andersen's types and do not match just one of the models exactly. It is for this reason that the typology of G. Esping-Andersen has received a lot of criticism of its rigor and therefore there are many attempts to correct, adjust or extend this typology, usually by adding one or more models. One of these attempts applies to the search for a post-communist model. The analysis of social models proves that the social policy of post-communist countries does not reflect any type of G. Esping-Andersen's typology and is so mixed and specific that it should be considered as a separate post-communist model. The post-communist countries are characterized by a lower level of economic and social development, high levels of corruption, high migration rates, social inequality, lower levels of social protection, etc. It was determined that the welfare system of the post-communist states was influenced by three factors: the legacy of the past, the influence of the West and political reforms. The legacy of the past is, above all, communist experience, although it has been proven that the origins of the development of social models and welfare of the post-communist countries backs to the German and Austro-Hungarian empires. The influence of the West is mostly connected to the European Union (because states had to meet strict requirements and make social, economic and political changes in order to become the members of EU) and other international organizations (such as World Bank, International Monetary Fund). Political reforms are mainly related to expanding citizens' rights, increasing social protection and social services. The biggest challenge to the creation of social model and a welfare system was the period of transformation, which took place under difficult circumstances, and was accompanied by shocks, upheavals: in the early 1990's the economic recession has begun, the legacy of the socialist model has led to a limitation of financial resources, the state has faced major demographic changes, the socioeconomic structure of society has changed, savings in the social security system increased as well as poverty, unemployment, inequality etc.
The subject of the article is the evaluation of social and economic development of the region in the content of the European Union. Without common approach as to evaluating progress and development based on integral indices and calculus as well as the authentic source of information, there is always room for subjectivity. Integration into the European Union accelerates the solution of the difficulties of regional policy in Lithuania. Pay attention to the regions is a constant part of the policy of European Union countries. The article analyzes the concepts of a region. There are analysed the conceptions, which differ in the nature and role of the regions, dynamism and development of regionalization processes, level of economic integration. The conceptions are the following ones: social geography, administrative-territorial, institutional, geopolitical and economic. Furthermore, the evaluation analysis of regional development level and its application in different foreign countries, prosecuted by the researchers are introduced in this article. [.]
The subject of the article is the evaluation of social and economic development of the region in the content of the European Union. Without common approach as to evaluating progress and development based on integral indices and calculus as well as the authentic source of information, there is always room for subjectivity. Integration into the European Union accelerates the solution of the difficulties of regional policy in Lithuania. Pay attention to the regions is a constant part of the policy of European Union countries. The article analyzes the concepts of a region. There are analysed the conceptions, which differ in the nature and role of the regions, dynamism and development of regionalization processes, level of economic integration. The conceptions are the following ones: social geography, administrative-territorial, institutional, geopolitical and economic. Furthermore, the evaluation analysis of regional development level and its application in different foreign countries, prosecuted by the researchers are introduced in this article. [.]
The subject of the article is the evaluation of social and economic development of the region in the content of the European Union. Without common approach as to evaluating progress and development based on integral indices and calculus as well as the authentic source of information, there is always room for subjectivity. Integration into the European Union accelerates the solution of the difficulties of regional policy in Lithuania. Pay attention to the regions is a constant part of the policy of European Union countries. The article analyzes the concepts of a region. There are analysed the conceptions, which differ in the nature and role of the regions, dynamism and development of regionalization processes, level of economic integration. The conceptions are the following ones: social geography, administrative-territorial, institutional, geopolitical and economic. Furthermore, the evaluation analysis of regional development level and its application in different foreign countries, prosecuted by the researchers are introduced in this article. [.]
The subject of the article is the evaluation of social and economic development of the region in the content of the European Union. Without common approach as to evaluating progress and development based on integral indices and calculus as well as the authentic source of information, there is always room for subjectivity. Integration into the European Union accelerates the solution of the difficulties of regional policy in Lithuania. Pay attention to the regions is a constant part of the policy of European Union countries. The article analyzes the concepts of a region. There are analysed the conceptions, which differ in the nature and role of the regions, dynamism and development of regionalization processes, level of economic integration. The conceptions are the following ones: social geography, administrative-territorial, institutional, geopolitical and economic. Furthermore, the evaluation analysis of regional development level and its application in different foreign countries, prosecuted by the researchers are introduced in this article. [.]
The subject of the article is the evaluation of social and economic development of the region in the content of the European Union. Without common approach as to evaluating progress and development based on integral indices and calculus as well as the authentic source of information, there is always room for subjectivity. Integration into the European Union accelerates the solution of the difficulties of regional policy in Lithuania. Pay attention to the regions is a constant part of the policy of European Union countries. The article analyzes the concepts of a region. There are analysed the conceptions, which differ in the nature and role of the regions, dynamism and development of regionalization processes, level of economic integration. The conceptions are the following ones: social geography, administrative-territorial, institutional, geopolitical and economic. Furthermore, the evaluation analysis of regional development level and its application in different foreign countries, prosecuted by the researchers are introduced in this article. [.]
The subject of the article is the evaluation of social and economic development of the region in the content of the European Union. Without common approach as to evaluating progress and development based on integral indices and calculus as well as the authentic source of information, there is always room for subjectivity. Integration into the European Union accelerates the solution of the difficulties of regional policy in Lithuania. Pay attention to the regions is a constant part of the policy of European Union countries. The article analyzes the concepts of a region. There are analysed the conceptions, which differ in the nature and role of the regions, dynamism and development of regionalization processes, level of economic integration. The conceptions are the following ones: social geography, administrative-territorial, institutional, geopolitical and economic. Furthermore, the evaluation analysis of regional development level and its application in different foreign countries, prosecuted by the researchers are introduced in this article. [.]
The study investigates debt impact on economic growth in ten Central and Eastern European countries from 2001 until 2012. In the existing literature, the theoretical and empirical analyses provide contradicting results on the debt influence on economy, while the global financial and sovereign debt crises encourage new investigations in this field. The determination of debt impact on GDP growth is based on the neoclassical Solow growth model and testified with dynamic OLS, FE and differenced and system GMM estimators. The empirical results prove that the level of debt has the most statistically significant impact on physical capital growth and TFP growth. Furthermore, the decomposition of debt indicates that the GDP growth is explained the most accurately by the incorporation of government, corporate and household debts as separate explanatory variables. The corporate debt has the most significant negative effect on the GDP growth, while the impact of public debt is lower but negative as well. The statistically insignificant household debt encourages evaluating the importance of practical significance of this variable. Further research could take this into consideration as well as the inclusion of new instrumental variables in the dynamic GMM models.
