New Articles – Economics

Foreign direct investments and participation in global value chains: New evidence from advanced manufacturing industries in Central and Eastern Europe

Ines Kersan-Skabic, Antea Barisic

Foreign direct investments (FDIs) and trade within global value chains (GVC) have been considered one of the most important vehicles of economic development and competitiveness, especially for countries in transition. The countries of Central and Eastern Europe are competing to attract not only high amounts of FDI inflows but they also put emphasis on the FDIs’ sectoral structure. FDI inflows into advanced industries can represent the basis of technological development that will lead to the…

DOI (& full text): doi.org/10.15240/tul/001/2023-4-001 more

Defending the nation, securing the economy

Iulia-Cristina Iuga, Adela Socol

Literature on the effects of military expenses and GDP is mixed, although a significant body of research supports the hypothesis that military expenses positively impact GDP. To contribute to the literature, this article analyses whether military expenditures influenced GDP in 27 European Union member countries from 1998 to 2021 by studying two clusters specific to the analysed countries: NATO and non-NATO countries. The way in which military expenditures affect GDP has been analysed using both…

DOI (& full text): doi.org/10.15240/tul/001/2023-4-002 more

Different modelling approaches of tax revenue performance: The case of Baltic countries

Vera Mirović, Branimir Kalaš, Nada Milenković, Jelena Andrašić

Tax revenue performance represents one of the most essential issues to every government when creating and profiling fiscal policy according to the macroeconomic framework of each country. In particular, this issue comes to the fore in extraordinary circumstances and unstable trends when governments are exposed to greater costs of financing budget deficits and public debts. Tax revenue mobilization shows the government’s ability to collect sufficient revenue to finance government expenditures,…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-002 more

Perception regarding European Green Deal challenges: From environment to competition and economic costs

Iuliana Claudia Stoian (Bobalca), Raluca Irina Clipa, Mihaela Ifrim, Anca Elena Lungu

The objective of sustainable development cannot leave aside the relevance of short-term benefits, long-term negative externalities, and opportunity costs of actions implied by the complex relation economy-society-environment. The transition to a green economy cannot be based exclusively on win-win solutions for all involved parties but requires taking into consideration potential trade-offs between several objectives. The EU strategy for achieving sustainable development and energy security is…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-001 more

On competition and transparency in public procurement during the COVID-19 pandemic in the European Union

Matus Kubak, Peter Nemec, Robert Stefko, Marcel Volosin

Government expenditures on acquiring services, goods, and work through public procurement represent a substantial proportion of the EU’s GDP. Competitive and transparent tendering procedures are generally believed to promote achieving the primary goals of public procurement: maximising value for money and reducing corruption. However, during the crisis, procurement rules allow a temporary departure from transparency standards toward fast and more discretionary procurement procedures justified…

DOI (& full text): doi.org/10.15240/tul/001/2023-2-001 more