different models for regional integration: lessons from total factor productivity in europe

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  • 8/13/2019 Different Models for Regional Integration: Lessons from Total Factor Productivity in Europe

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    FBJN Sermn`c Xfplr _lrnls

    Bnaalrl`t Keblis aer Zlcne`fiN`tlcrftne`7 Ilsse`s arek RetfiAfoter Xrebuotnvnty n` Lurepl

    Gle`c ^le` Ill f`bBeyle` Mnk

    @e. 2

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    Rdl Sermn`c Xfplr slrnls ns f oe`tn`uftne` ea tdl aerklriy `fklb Bnsoussne` Xfplr slrnls=tdl `ukjlrn`c ea tdl pfplrs oe`tn`ulb wntdeut n`tlrruptne` er odf`cl. FBJNs wermn`cpfplrs rlailot n`ntnfi nblfs e` f tepno f`b frl pestlb e`in`l aer bnsoussne`. FBJN l`oeurfclsrlfblrs te pest tdlnr oekkl`ts e` tdl kfn` pfcl aer lfod wermn`c pfplr (cnvl` n` tdlontftne` jliew). _ekl wermn`c pfplrs kfy blvliep n`te etdlr aerks ea pujinoftne .

    _ucclstlb ontftne`7

    Ill, G. ^., f`b B. Mnk. :86?. Bnaalrl`t Keblis aer Zlcne`fi N`tlcrftne`7 Ilsse`s arek RetfiAfoter Xrebuotnvnty n` Lurepl. FBJN Sermn`c Xfplr 2

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    FBJN Sermn`c Xfplr 2

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    FBJN Sermn`c Xfplr 2

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    FBJN Sermn`c Xfplr 24:)blke`strftl tdft tdl orlftne` f`b bnsslkn`ftne` ea m`ewilbcl frl oruonfi n` preketn`cie`c-tlrk loe`ekno crewtd. @leoifssnofi tdlery, bftn`c jfom te _eiew (6>>8s (fke`c etdlrs, Zeklr 6>>8=

    Cresskf` f`b Dlipkf` 6>>6= f`b Fcdne` f`b Dewntt 6>>:), ilb te tdl wnblsprlfbfoolptf`ol tdft RAX blpl`bs oruonfiiy e` m`ewilbcl orlftne` f`b m`ewilbcl spniievlrs.Re u`blrstf`b tdl nkpinoftne`s ea tdns tdlerltnofi fpprefod aer ie`c-tlrk loe`eknocrewtd, nt ns nkpertf`t te u`blrstf`b dew rlcne`fi n`tlcrftne` faalots tdl preolss n` wdnodm`ewilbcl orlftne` f`b spniievlrs trf`siftl n`te dncdlr RAX aer tdl oeu`trnls n`veivlb.

    Sdl` blsnc`n`c f arfklwerm aer rlcne`fi loe`ekno n`tlcrftne`, peinoykfmlrs afolbnaalrl`t eptne`s blpl`bn`c e` tdl blptd ea n`tlcrftne` tdly wnsd te fodnlvl. Fs Lureplf`n`tlcrftne` dfs precrlssnvliy bllpl`lb sn`ol tdl l`b ea Serib Sfr NN, tdl Lureplf`lxplrnl`ol prevnbls bnaalrl`t keblis aer rlcne`fi n`tlcrftne . Lureplf` n`tlcrftne` kevlbarek f arll trfbl frrf`clkl`t tdft kfn`iy aeouslb e` rlkevn`c ousteks butnls fke`cklkjlr oeu`trnls, te tdl injlrfinzftne` ea trfbl f`b n`vlstkl`t fs f rlsuit ea tdl _n`cil

    Lureplf` Fot ea 6>41, f`b ouikn`ftlb n` tdl lstfjinsdkl`t ea f sn`cil kfrmlt n` 6>>?tdft fiiews tdl arll kevlkl`t ea ceebs, slrvnols, plepil, f`b ke`ly. _ekl ea tdlsloeu`trnls dfvl fodnlvlb lvl` bllplr n`tlcrftne` sn`ol tdlnr aerkftne` ea f oekke`ourrl`oy frlf n` 6>>>.

    N` tdns pfplr, wl lxfkn`l tdl laalot ea tdl bnaalrl`t stfcls ea Lureplf` n`tlcrftne` e`RAX te fsslss tdl ie`c-ru` crewtd nkpinoftne` ea n`bnvnbufi keblis ea rlcne`fi n`tlcrftne`.Eur f`fiysns aeousls e` tdl preolss n` wdnod m`ewilbcl orlftne` f`b nts oress-jerblrspniievlrs trf`siftl n`te RAX jy junibn`c upe` tdl lkpnrnofi splonanoftne`s tdft lxpifn` foeu`trys RAX fs f au`otne` ea tdl beklstno f`b aerlnc` steoms ea m`ewilbcl. N` in`l wntdkuod ea tdl lxnstn`c intlrfturl, oukuiftnvl rlslfrod f`b blvliepkl`t (Z&B) lxpl`bnturlslrvls fs f prexy aer f steom ea m`ewilbcl. Jfsn`c eur rlslfrod e` f sfkpil ea :2oeu`trnls tdft frl klkjlrs ea tdl Ercf`nsftne` aer Loe`ekno Oe-eplrftne` f`bBlvliepkl`t (ELOB), wl an`b tdft bnaalrl`t keblis ea rlcne`fi n`tlcrftne` dfvl oilfriybnaalrl`t laalots e` tdl lxtl`t te wdnod f pfrtnonpftn`c oeu`trys RAX blpl`bs e` beklstnof`b aerlnc` Z&B ofpntfi steoms. Ea tdl bnaalrl`t keblis, tdl arll trfbl frrf`clkl`t n`pfrtnouifr ns fise aeu`b te dfvl tdl petl`tnfi te rlsuit n` wn`bafii jl`lants aer tdl rlcne`sprebuotnvnty.

    Rdl `lxt slotne` rlvnlws tdl snc`nanof`ol ea tetfi afoter prebuotnvnty aer bltlrkn`n`c ie`c-tlrk loe`ekno crewtd. N` _lotne` ?, tdrll keblis aer rlcne`fi n`tlcrftne` frl prepeslbjfslb e` tdl Lureplf` lxplrnl`ol. _lotne` 2 blsornjls lkpnrnofi splonanoftne`s f`b bftfuslb n` eur rlcrlssne` f`fiysns, aeiiewlb jy f sukkfry ea eur kfn` lkpnrnofi an`bn`cs._lotne` < oe`oiubls.

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    FBJN Sermn`c Xfplr 2

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    FBJN Sermn`c Xfplr 23?= Crllol n` 6>46=_pfn` f`b Xertucfi n` 6>41). Dewlvlr, tdl rlkevfi ea ousteks butnls wfs `et suaanonl`t tel`surl arll aiews ea trfbl jlofusl oe`snblrfjil bnaalrl`ols n` klkjlr oeu`trnls `ftne`firlcuiftne`s rlkfn`lb n` pifol. F` lxtl`snvl snx-ylfr precrfk te lxfkn`l tdlsl rlcuifterybnaalrl`ols wfs n`trebuolb aeiiewn`c tdl _n`cil Lureplf` Fot ea 6>41, wdnod rlsuitlb n`tdl nkpilkl`tftne` ea kerl tdf` :88 ifws oevlrn`c f wnbl rf`cl ea frlfs n`oiubn`c tfxpeinoy, jusn`lss rlcuiftne`, f`b prealssne`fi qufinanoftne`s. Rdl pdfsn`c eut ea tlod`nofi,ilcfi, f`b jurlfuorftno jfrrnlrs te oress-jerblr trf`sfotne`s f`b ifjer kejninty ouikn`ftlbn` tdl lstfjinsdkl`t ea tdl sn`cil kfrmlt wntd nts aeur arllbekstdl arll kevlkl`t eaceebs, slrvnols, plepil, f`b ke`lyn` Gf`ufry 6>>?. : Rdl `fkl Lureplf`

    Oekku`nty wfs fise eaanonfiiy rlpifolb jy Lureplf` \`ne` (L\) wntd tdl oekn`c n`teaerol ea tdl Kffstrnodt Rrlfty n` @evlkjlr 6>>?, f`b nts klkjlrsdnp aurtdlr lxpf`blb n`6>>< wdl` Fustrnf, An`if`b, f`b _wlbl` gen`lb. Ft tdl jlcn``n`c ea 6>>>, tdl lure wfsn`trebuolb n` 66 L\ oeu`trnls7 Fustrnf, Jlicnuk, An`if`b, Arf`ol, Clrkf`y, Nrlif`b, Ntfiy,Iuxlkjeurc, tdl @ltdlrif`bs, Xertucfi, f`b _pfn`. Crllol gen`lb tdl lureze`l n` :886.?

    Lureplf` n`tlcrftne` dfs jll` f oe`tn`ueus preolss burn`c wdnod jetd nts clecrfpdnofisprlfb f`b blptd dfvl crfbufiiy lxpf`blb evlr tdl ylfrs. @e`ltdlilss, nts n`tlcrftne`preolss of` jl bnvnblb jrefbiy n`te tdrll bnstn`ot stfcls. Rdl anrst stfcl stfrtlb n` 6>14wdl` f ousteks u`ne` wfs orlftlb f`b Lureplf` n`tlcrftne` kfn`iy teem tdl aerk ea farll trfbl frrf`clkl`t tdft aeouslb e` preketn`c n`trf-rlcne`fi trfbl n` ceebs f`b seklslrvnols. Rdl sloe`b stfcl stfrtlb wntd tdl lstfjinsdkl`t ea f sn`cil kfrmlt n` 6>>?, jy

    wdnod tdl soepl ea Lureplf` n`tlcrftne` wfs lxtl`blb te n`oiubl tdl arll kevlkl`t eake`ly f`b plepil. Rdl tdnrb stfcl jlcf` wntd tdl n`trebuotne` ea f oekke` ourrl`oywntd tdl fbeptne` ea tdl lure n` 6>>>. Qnlwlb fs bnstn`ot stfcls, tdl Lureplf` lxplrnl`oleaalrs tdrll pessnjil keblis ea rlcne`fi n`tlcrftne` wntd bnaalrl`t blptds7 f arll trfblfrrf`clkl`t, f sn`cil kfrmlt, f`b f oekke` ourrl`oy frlf.

    :Lureplf` Ol`trfi Jf`m (:86?) prevnbls f oekprldl`snvl evlrvnlw ea an`f`onfi n`tlcrftne` n` Lurepl.

    ?_ll, fke`c etdlrs, Filsn`f f`b Cnfvfzzn (:868) f`b Ml`l` f`b Klfbl (:884) aer f sukkfry ea tdl

    lureze`ls lxplrnl`ol.

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    FBJN Sermn`c Xfplr 241 te :866,2burn`c wdnod plrneb tdlsl oeu`trnls wl`t tdreucd fii tdrll stfcls ea Lureplf` n`tlcrftne`7f arll trfbl frrf`clkl`t (6>416>>:), f sn`cil kfrmlt (6>>?6>>4), f`b f oekke`ourrl`oy (6>>>:866). N`trf-rlcne`fi nkperts fs f sdfrl ea CBX n`orlfslb n` kestlureze`l oeu`trnlslxolpt aer f jrnla bew`tur` aeiiewn`c tdl ciejfi an`f`onfi ornsns ea:884fs n`tlcrftne` fke`c tdlsl oeu`trnls n`orlfsn`ciy bllpl`lb. Dewlvlr, Ancurl 6bels `et prevl tdft n`trf-rlcne`fi blpl`bl`ol e` lureze`l trfbl n`orlfslb fs tdlrlcne`s n`tlcrftne` preolss precrlsslb n`te bllplr stfcls. Nt ns pessnjil tdft nkpertsarek eutsnbl tdl lureze`l n`orlfslb lvl` afstlr tdf` tdesl arek tdl n`snbl evlr tdlplrneb arek 6>41 te :866.

    Ancurl 67 Retfi N`trf-Zlcne`fi Nkperts fs f _dfrl ea Cress Beklstno Xrebuot

    _eurol7 NKA, Bnrlotne` ea Rrfbl _tftnstnos.

    Re lxfkn`l n`trf-rlcne`fi blpl`bl`ol e` lureze`l trfbl, wl ofiouiftlb tdl rftne ea n`trf-rlcne`fi nkperts te tetfi nkperts aer lfod oeu`try. Rdl rlsuits, sdew` n` Ancurl :, afni teprevnbl oe`snstl`t lvnbl`ol tdft n`trf-rlcne`fi blpl`bl`ol n`orlfslb wntd bllpl`n`crlcne`fi n`tlcrftne`. Fitdeucd Xertucfis blpl`bl`ol e` nkperts arek n`snbl tdl rlcne`n`orlfslb plrsnstl`tiy fs Lureplf` n`tlcrftne` fbvf`olb, n`trf-rlcne`fi trfblblpl`bl`ol bnb `et n`orlfsl n` tdl etdlr lureze`l oeu`trnls= n` afot, nt bloin`lb n` kf`yoeu`trnls. Zftdlr tdf` snc`fin`c f bloin`l n` n`trf-rlcne`fi blpl`bl`ol foress tdl jefrb,tdns kfy jl f rlailotne` ea pessnjil sdnats n` tdl pfttlr`s ea trfbl f`b aerlnc` bnrlotn`vlstkl`t n`snbl tdl rlcne` fs prebuolrs n` klkjlr oeu`trnls rlspe`blb te bllpl`n`cn`tlcrftne`.>< jlofusl Ancurl 6 oevlrs tdl plrneb burn`c wdnod tdltwe oeu`trnls wlrl `et pfrt ea tdl L\.

    443= f`b Derstkf`` f`b Kfrmusl` 6>41). Klintz f`b Ettfvnf`e (:884) fise sdew dew injlrfinzftne`faalots anrk slilotne` f`b ofusls sdnats n` tdl pfttlr` ea l`try n` tdl ie`c ru` jy fiiewn`c dltlrecl`leusanrks n` tdlnr keblis.

    8

    8.6

    8.:

    8.?

    8.2

    8.41

    6>43

    6>44

    6>4>

    6>>8

    6>>6

    6>>:

    6>>?

    6>>2

    6>>>1

    6>>3

    6>>4

    6>>>

    :888

    :886

    :88:

    :88?

    :882

    :88

    :868

    :866

    (%)

    Jlicnuk

    Arf`ol

    Clrkf`y

    Crllol

    Nrlif`b

    Ntfiy

    @ltdlrif`bs

    Xertucfi

    _pfn`

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    FBJN Sermn`c Xfplr 2>8) f`b tdlvlrtnofiiy-bnaalrl`tnftlb n`puts (QBN) fpprefod aeiiewn`c Fcdne` f`b Dewntt (6>>:). N`tdlsl keblis, RAX crewtd ns bltlrkn`lb l`becl`eusiy, n`stlfb ea jln`c lxecl`eus,blpl`bn`c e` tdl `ukjlr ea fvfnifjil n`tlrklbnftl n`puts n` tdl DBN fpprefod f`b tdl`ukjlr ea nkprevlkl`ts n` tdl qufinty ea f cnvl` n`put n` tdl QBN fpprefod.

    _n`ol Z&B n`orlfsls tdl `ukjlr ea fvfnifjil n`puts (DBN fpprefod) er nkprevls tdlqufinty ea n`puts (QBN fpprefod), jetd fpprefodls nkpiy tdft RAX ns rnsn`c wntd oukuiftnvlZ&B spl`bn`c. Na tdlrl ns `e n`tlr`ftne`fi trfbl n` n`tlrklbnftl n`puts, odf`cls n` foeu`trys RAX weuib jl lxpifn`lb jy odf`cls n` nts beklstno Z&B ofpntfi steom. N`

    oe`trfst, RAX ea f` n`bnvnbufi oeu`try weuib blpl`b e` tdl l`tnrl weribs Z&B ofpntfisteom na trfbl n` n`tlrklbnftl n`puts ns oekpiltliy arll wntd `e trf`spertftne` oest.Ejvneusiy, `lntdlr ea tdlsl sol`frnes ns rlfinstno, f`b sl`snjil splonanoftne`s aer lkpnrnofinkpilkl`tftne` ea l`becl`eus crewtd keblis n`veivl f knx ea jetd trfbfjil f`b `e`-trfbfjil n`puts. Rdlrlaerl, wl fbept lkpnrnofi splonanoftne`s prepeslb n`ntnfiiy jy Oel f`bDlipkf` (6>>41

    6>43

    6>44

    6>4>

    6>>8

    6>>6

    6>>:

    6>>?

    6>>2

    6>>>1

    6>>3

    6>>4

    6>>>

    :888

    :886

    :88:

    :88?

    :882

    :88

    :868

    :866

    (%)

    Jlicnuk

    Arf`ol

    Clrkf`y

    Crllol

    Nrlif`b

    Ntfiy

    @ltdlrif`bs

    Xertucfi

    _pfn`

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    FBJN Sermn`c Xfplr 2>< wdl` tdl oeu`try gen`lb tdl L\,>f`b L\ZE

    tfmls tdl vfiul 6 arek 6>>> wdl` nt gen`lb tdl lureze`l.

    N` eur f`fiysns, wl usl bnsorltl bukky vfrnfjils suod fs LO, L\, f`b L\ZEn`stlfb eaoe`tn`ueus vfrnfjil n`bnofters te klfsurl tdl blptd ea rlcne`fi n`tlcrftne`, kfn`iyjlofusl wl frl n`tlrlstlb n` lxfkn`n`c bnaalrl`t keblis ea n`tlcrftne` rftdlr tdf`fsolrtfn`n`c tdl laalots ea loe`ekno n`tlcrftne` plr sl. Nt ns fise vlry inmliy tdft tdl blptdea n`tlcrftne` klfsurlb jy oe`tn`ueus vfrnfjil n`bnofters rlailots `et e`iy tdl laalots earlcne`fi n`tlcrftne`, jut fise tdesl ea tdl cl`lrfi trl`b ea ciejfinzftne` burn`c tdl sfklplrneb. Aurtdlrkerl, Ancurl : sdews tdl inkntftne` ea f`y sn`cil oe`tn`ueus vfrnfjilklfsurl ea trfbl er n`vlstkl`t n` laalotnvliy ofpturn`c odf`cls n` tdl evlrfii blptd earlcne`fi n`tlcrftne` evlr tnkl, pessnjiy bul te by`fkno fbgustkl`ts tfmn`c pifol n` trfblf`b n`vlstkl`t n` tdl oeursl ea tdl n`tlcrftne` preolss.

    N` eur rlcrlssne`s, tdrll bukky vfrnfjils frl n`oiublb n` Lqs. (1) f`b (3) te fooeu`t aerf`y wn`bafii laalots e` RAX arek tdl trf`sntne` te f bllplr kebli ea loe`ekno n`tlcrftne`.Nt ns fise pessnjil tdft bnaalrl`t keblis ea rlcne`fi n`tlcrftne` dfvl bnaalrn`c laalots e`RAX ea klkjlr oeu`trnls, kfn`iy jy fitlrn`c tdl lxtl`t te wdnod f oeu`trys RAX blpl`bse` lfod ea tdl twe typlsbeklstno f`b aerlnc`ea Z&B ofpntfi steoms ea tdl oeu`try._ujslqul`tiy, eur tdrll bukky vfrnfjils frl n`tlrfotlb wntd tdl beklstno f`b aerlnc`Z&B ofpntfi steoms n` Lqs. (1) f`b (3).

    2.: Bftf

    Aer eur f`fiysns, wl dfvl odesl` f sfkpil ea :2 oeu`trnls arek tdl Ercf`nsftne` aer

    Loe`ekno Oe-eplrftne` f`b Blvliepkl`t (ELOB)7 Fustrfinf, Fustrnf, Jlicnuk, Of`fbf,Bl`kfrm, An`if`b, Arf`ol, Clrkf`y, Crllol, Nolif`b, Nrlif`b, Nsrfli, Ntfiy, Gfpf`,Zlpujino ea Merlf, tdl @ltdlrif`bs, @lw Wlfif`b, @erwfy, Xertucfi, _pfn`, _wlbl`,_wntzlrif`b, tdl \`ntlb Mn`cbek (\M), f`b tdl \`ntlb _tftls (\_). Aer lfod oeu`try,tetfi afoter prebuotnvntyFns blan`lb fs,

    1Aer lxfkpil, sll L`clijrlodt (6>>3).

    3Rdl bftf ea Jfrre f`b Ill (:86?) ns fvfnifjil e`iy up te :868. Sl lxtrfpeiftlb tdl slrnls te :866 jy usn`c

    tdl f``ufi odf`cl evlr :8844) fssukls tdft lfod prebuolr jl`lants arek tdl fvlrfcl ilvli ea dukf` ofpntfi n`

    tdl loe`eky, rftdlr tdf` tdl fccrlcftl, n` dns f`fiysns ea m`ewilbcl spniievlrs.

    >N` tdns sltup, tdl L\ of` jl sll` fs f oekjn`ftne` ea f arll trfbl frrf`clkl`t f`b f` frrf`clkl`t tdft

    fiiews tdl arll kevlkl`t ea ke`ly f`b plepil.

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    FBJN Sermn`c Xfplr 2

    F ; ^ / ] (4)wdlrl ^ ns oe`stf`t prnol CBX fbgustlb n` :88< prnols, M ns prebuotnvl ofpntfi steomklfsurlb n` veiukl, f`b I ns tetfi deurs wermlb (lxolpt aer Fustrnf wdlrl I ns tetfilkpieykl`t). Fii vfrnfjils frl oe`struotlb fs n`bnols wntd :88< ; 6. Rdl oelaanonl`t (6

    ) ns tdl fvlrfcl sdfrl ea ifjer n`oekl arek :88< te :884. Fii bftf frl arek tdl ELOBs

    F``ufi @ftne`fi Fooeu`ts bftfjfsl er tdl ELOB Loe`ekno Eutieem bftfjfsl.68Knssn`cbftf aer tdl prebuotnvl ofpntfi steom ea Clrkf`y, Crllol, f`b Nrlif`b n` olrtfn` ylfrs frlaniilb n` usn`c tdl crewtd rftl ea tdl cevlr`kl`t f`b prnvftl `e`-rlsnbl`tnfi `lt ofpntfisteom lstnkftlb jy Mfkps (:8846:868 plrneb. N` in`l wntd Oel ltfi. (:88>), knssn`c ejslrvftne`s aer Z&B lxpl`bnturl frl lstnkftlb usn`c tdl prlbnotlb

    vfiuls arek erbn`fry ilfst squfrls (EI_) rlcrlssne`s rliftn`c rlfi Z&B lxpl`bnturl terlfi CBX f`b rlfi `e`-rlsnbl`tnfi anxlb ofpntfi aerkftne` (fii n` iecfrntdks). F tnkl trl`bf`b nts squfrl, na aeu`b te jl stftnstnofiiy snc`nanof`t, frl fise n`oiublb n` tdl rlcrlssne`s.

    Zlfi beklstno Z&B ofpntfi steoms (B), blan`lb fs jlcn``n`c ea plrneb steoms, frlofiouiftlb arek rlfi Z&B lxpl`bnturl (Z) jfslb e` tdl plrpltufi n`vl`tery kltdeb.

    ; (6 + (>)wdlrl tdl blprlonftne` rftl,, wfs fssuklb te jl 46 lxolpt aer Jlicnuk (6>4?) f`b Xertucfi (6>4:). Aer Nsrfli f`b tdl Zlpujino eaMerlf, aer wdnod Z&B bftf frl fvfnifjil e`iy arek 6>>6, tdl jl`odkfrms frl ofiouiftlbaer 6>46 usn`c tdl prlbnotlb vfiuls ea rlfi Z&B lxpl`bnturl aer 6>46.

    Rdl rlfi aerlnc` Z&B ofpntfi steom ns oe`struotlb usn`c tdl beklstno Z&B ofpntfi steomsea lfod oeu`trys :? trfbl pfrt`lrs. Aeiiewn`c Oel f`b Dlipkf` (6>>), wl usl f jniftlrfi nkpert-sdfrl wlncdtlb fvlrfcl ea tdl beklstno Z&B ofpntfisteoms ea trfbl pfrt`lrs fs f` lstnkftl ea tdl aerlnc` Z&B ofpntfi steom. Rdl jniftlrfinkpert sdfrls frl ofiouiftlb aer lfod ylfr jfslb e` tdl Bnrlotne` ea Rrfbl bftfjfsl eatdl N`tlr`ftne`fi Ke`ltfry Au`b (NKA). Aerkfiiy, tdl rlfi aerlnc` Z&B ofpntfi steom aeroeu`try nns blan`lb fs

    (66)wdlrl / 6 , f`b ns oeu`try ns nkperts ea ceebs f`b slrvnols arekoeu`try g. Rfjil 6 prevnbls sukkfry stftnstnos ea tdl beklstno f`b aerlnc` Z&B ofpntfisteoms fs wlii fs RAX f`b dukf` ofpntfi aer eur sfkpil ea :2 ELOB oeu`trnls.

    68Eaanonfi bftf aer u`nanlb Clrkf`y ns fvfnifjil e`iy arek 6>>6. \p te 6>>8, ELOB lstnkftls bftf aer tdl

    wdeil ea Clrkf`y jfslb e` bftf aer Slst Clrkf`y.

    66 Mfkps (:8818:886. Bftf frl

    fvfnifjil arek7 dttps7//www.naw-mnli.bl/aersodu`c/bftl`jf`ml`/`ltofp.

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    FBJN Sermn`c Xfplr 2(8.:8>)

    6.8688(8.66?)

    L\ -6.21:4**(8.866)

    -6.

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    FBJN Sermn`c Xfplr 21(8.6>8)

    6.8824(8.662)

    L\ -6.)

    -6.62***(8.888)

    iec B 8.66?:***(8.888)

    8.8>3>***(8.881)

    8.6:38***(8.88?)

    L\ZEiec A 8.6:?4***(8.886)

    8.614?*(8.81?)

    8.683?*(8.842)

    -8.8>::**(8.821)

    8.8124(8.:46)

    Sntdn` Z: 8.184< 8.14:1 8.1388 8.3?8?

    Ejslrvftne` 124 124 124 124

    A ?:6.1>***(8.8888)

    68>.38***(8.8888)

    26.1

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    FBJN Sermn`c Xfplr 24>:, (NN) 6>>?:866, f`b (NNN) 6>>>:866. N`plrneb (N), Lureplf` n`tlcrftne` kfn`iy teem tdl aerk ea f arll trfbl frrf`clkl`t aeousn`ce` n`trf-rlcne`fi trfbl n` ceebs f`b sekl slrvnols. Re rlprlsl`t klkjlrsdnp ea tdlousteks u`ne` n` Lurepl burn`c tdns plrneb, wl n`trebuol f bukky vfrnfjil LO tdftlqufis 6 na tdl oeu`try ns f klkjlr ea tdl ousteks u`ne`. Rdl ousteks u`ne` n` Lureplkevlb te tdl `lxt pdfsl ea rlcne`fi n`tlcrftne` wntd tdl lstfjinsdkl`t ea tdl sn`cilkfrmlt n` 6>>?, n` wdnod tdl soepl ea Lureplf` n`tlcrftne` lxtl`blb jlye`b n`trf-rlcne`fi trfbl n` ceebs f`b slrvnols te oevlr tdl kevlkl`t ea ke`ly f`b plepil fs wlii.Klkjlrsdnp ea tdl sn`cil kfrmlt burn`c plrneb (NN) ns bl`etlb jy f bukky vfrnfjil L\tdft lqufis 6 na tdl oeu`try ns f klkjlr ea tdl Lureplf` sn`cil kfrmlt.6:An`fiiy, plrneb

    6:

    L\ ns bnaalrl`t arek L\ uslb n` Rfjils : f`b ?. L\ klfsurls tdl wdeil laalot ea tdl sn`cil kfrmltn`oiubn`c tdl laalot ea nts arll trfbl oekpe`l`t, wdlrlfs L\e`iy ofpturls tdl fbbntne`fi laalot ea fodnlvn`ctdl arll kevlkl`t ea ke`ly f`b plepil, `et n`oiubn`c tdl laalot ea tdl arll trfbl oekpe`l`t.

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    FBJN Sermn`c Xfplr 24>:. Sl bnvnbl aerlnc`Z&B ofpntfi n`te twe typlsZ&B ofpntfi ieoftlb n`snbl tdl Lureplf` ousteks u`ne` f`bZ&B ofpntfi eutsnbl ntte slpfrftl eut n`trf-rlcne`fi Z&B spniievlrs. Re afonintftloekpfrnse`s, tdl jfsno splonanoftne` aer lquftne`s (n) f`b (nv) oerrlspe`bs te Lq. (3) tdftn`oiubls f sn`cil klfsurl ea tdl aerlnc` Z&B ofpntfi steom jlaerl nt ns jreml` bew` n`tetdl twe typls. Lstnkftne` rlsuits usn`c lquftne`s (n) f`b (nv) n`bnoftl tdft klkjlrs ea tdlousteks u`ne` tl`b te jl ilss blpl`bl`t e` tdlnr ew` beklstno Z&B tdf` `e`-klkjlrs,jut tdft tdlrl ns `e snc`nanof`t bnaalrl`ol n` tdl blcrll ea rlinf`ol e` n`tlr`ftne`fi Z&Bspniievlrs jltwll` tdl twe creups, wdnod ns oe`snstl`t wntd lfrinlr an`bn`cs rlpertlb n`Rfjil ?. Dewlvlr, tdl jrlfmbew` ea aerlnc` Z&B ofpntfi n`te tdl twe typls, fs rlpertlb n`lquftne`s (nn) f`b (v), succlsts f odf`cl n` tdl kfmlup ea Z&B spniievlrs n`te f oeu`tryfatlr tdl oeu`try l`tlrs f arll trfbl frrf`clkl`t. Sl an`b tdft tdl klkjlrs ea f arll

    trfbl frrf`clkl`t oilfriy n`orlfsl tdlnr blpl`bl`ol e` n`trf-rlcne`fi Z&B spniievlrs jutblorlfsl tdlnr blpl`bl`ol e` Z&B spniievlrs arek eutsnbl tdl frrf`clkl`t. Rdl rlsuitsn` lquftne`s (nnn) f`b (vn), wdnod frl jfslb e` Lq. (6?), sdew tdft tdl blpl`bl`ol e`n`trf-rlcne`fi Z&B spniievlrs rnsls wntd tdl ilvli ea n`trf-rlcne`fi nkperts. F klkjlroeu`try tdft tl`bs te nkpert kerl (rliftnvl te CBX) arek etdlr klkjlr oeu`trnls nslxplotlb te rliy kerl e` n`trf-rlcne`fi Z&B spniievlrs aer n`orlfsn`c RAX.

    6?Fcfn`, L\ZEns bnaalrl`t arek L\ZE(n` Rfjils : f`b ?) tdft e`iy ofpturls tdl fbbntne`fi laalot ea aerkn`c

    f oekke` ourrl`oy frlf n`snbl tdl sn`cil kfrmlt, `et n`oiubn`c tdl laalot ea tdl sn`cil kfrmlt ntslia.

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    FBJN Sermn`c Xfplr 281)

    -8.4818)

    -6.2116*(8.811)

    8.?>)

    iec B 8.63?>***

    (8.888)

    8.6686***

    (8.888)

    8.61)

    8.8:13**

    (8.8:6)

    LOiec -8.82: 6>: 6>: 6>:

    A ?1.***

    (8.8888)

    63.6?***

    (8.8888)@etls7 *, **, *** stf`b aer, rlsplotnvliy, 68%,

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    FBJN Sermn`c Xfplr 2

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    FBJN Sermn`c Xfplr 2

    (8.232)

    -8.64>8***

    (8.888)

    L\ iec A 8.66>>**

    (8.8?6)

    8.6233***

    (8.88?)

    iec 8.6132***(8.888)

    8.:?1>***

    (8.888)

    L\ iec 8.8?(8.68:)

    8.8>6***(8.888)

    -8.61>8***

    (8.888)

    L\ iec 8.:8>6***(8.888)

    8.:?28***

    (8.888)

    iec 8.8:3?***(8.884)

    8.8826

    (8.148)

    L\ iec

    -8.8681

    (8.?14)

    8.8881?)

    iec -8.8212**(8.862)

    -8.864:

    (8.?:8)

    L\ iec

    -8.8:82

    (8.231)

    -8.82:4

    (8.668)

    iec D 8.8112

    (8.??6)

    -8.6?

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    FBJN Sermn`c Xfplr 2

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    FBJN Sermn`c Xfplr 2

    Rfjil 17 Retfi Afoter Xrebuotnvnty Lstnkftne` (Lureze`l)

    Sntd `e ylfr-splonano oe`stf`ts Sntd ylfr-splonano oe`stf`ts

    (n) (nn) (nnn) (nv) (v) (vn)

    L\ZE -8.4?48

    (8.:2>)

    -6.3113***

    (8.884)

    8.>38:***

    (8.888)

    iec B 8.6262***

    (8.888)

    8.8>3>***

    (8.888)

    8.831

    (8.13*

    (8.83>)

    8.8:28

    (8.48>)

    8.6?8:

    (8.613)

    8.6168

    (8.666)

    Sntdn` 8.?81? 8.?212 8.:48< 8.2:33

    Ejslrvftne` ?6: ?6: ?6: ?6: ?6: ?6:

    A :8.34) blan`l tdl aerlnc` Z&B ofpntfisteom aer oeu`try nfs7

    (62)

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    FBJN Sermn`c Xfplr 2

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    FBJN Sermn`c Xfplr 2

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    FBJN Sermn`c Xfplr 2>:. F Kebli ea Crewtd tdreucd Orlftnvl Blstruotne`.Loe`ekltrnof187 ?:?4.

    Jfrre, Z. G., f`b T. _fif-n-Kfrtn`. :882. Loe`ekno Crewtd.Ofkjrnbcl, KF7 KNR Xrlss.

    L`clijrlodt, D. G. 6>>3. N`tlr`ftne`fi Z&B _pniievlrs, Dukf` Ofpntfi, f`b Xrebuotnvnty n`ELOB Oeu`trnls7 F` Lkpnrnofi N`vlstncftne`. Lureplf` Loe`ekno Zlvnlw267623>44.

    Lureplf` Ol`trfi Jf`m (LOJ). :86?. An`f`onfi N`tlcrftne` n` Lurepl. Arf`maurt, Clrkf`y7LOJ.

    Cresskf`, C., f`b L. Dlipkf`. 6>>6. N``evftne` f`b Crewtd n` tdl Ciejfi Loe`eky.Ofkjrnbcl, KF7 KNR Xrlss.

    Derstkf``, N. G., f`b G. Z. Kfrmusl`. 6>41. \p tdl Fvlrfcl Oest Ourvl7 N`laanonl`t L`tryf`b tdl @lw Xretlotne`nsk. Geur`fi ea N`tlr`ftne`fi Loe`eknos:87 ::>4. N`tlr`ftne`fi Z&B_pniievlrs7 F Oekkl`t. Lureplf` Loe`ekno Zlvnlw2:7 624?>6.

    Iuofs, Z.L. 6>44. E` tdl Klodf`nos ea Loe`ekno Blvliepkl`t. Geur`fi ea Ke`ltfryLoe`eknos::7 ?2:.

    Klintz, K.G., f`b C. Ettfvnf`e. :884. Kfrmlt _nzl, Rrfbl, f`b Xrebuotnvnty. Zlvnlw eaLoe`ekno _tubnls3>8. L`becl`eus Rlod`eiecnofi Odf`cl. Geur`fi ea Xeintnofi Loe`eky>47_36_68:.

    Zesl`jlrc, @. 6>4:. N`snbl tdl Jifom Jex7 Rlod`eiecy f`b Loe`eknos. @lw ^erm, @^7Ofkjrnbcl \`nvlrsnty Xrlss.

    _eiew, Z. 6>47 66>.

    Ql`fjils, F. G. 6>43. Rrfbl f`b Rrfbl Xeinoy wntd Bnaalrl`tnftlb Xrebuots7 FOdfkjlrin`nf`-Znofrbnf` Kebli. Loe`ekno Geur`fi>37 38863.

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    FBJN Sermn`c Xfplr 2

    Of`fbf 6.86

    Bl`kfrm 6.6?

    An`if`b 6.2?)

    -8.82>1

    (8.6***

    (8.883)

    -8.88>44)

    8.8846

    (8.>

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