institute of economic research nicolaus copernicus university … · 2015-12-10 · institute of...
TRANSCRIPT
Institute of Economic Research
Nicolaus Copernicus University Faculty of Economic Sciences and Management
Polish Economic Society Branch in Torun
8th International Conference on Applied Economics
Contemporary Issues in Economy
- Market or Government?
edited by Adam P. Balcerzak
18-19 June 2015
Torun, Poland
Contents
Keynote Speakers
Market or Government?
Kalim Siddiqui
Economic Policy - State versus Market Controversy 39
Ezra Davar
Unemployment: Walras's Voluntary and Keynes's Involuntary 65
Andrzej Cieslik, tukasz Goczek
On the Evolution of Corruption Patterns in the Post-Communist Countries 93
List of Papers
Piotr Adamczewski
Conditions of Functional IGT Structure in Network Organization 117
Mieczystaw Adamowicz, Aldona Machla
Small and Medium Enterprises and the Support Policy of Local Government 118
Waleed Ahmad Jameel Addas
Is There a Principle of Equivalence in Economics? 119
Adam A. Ambroziak
Income Tax Exemption as a Regional State Aid in Special Economic Zones and its Impact Upon Development of Polish Districts 120
Lyubov Andrushko
Evaluation of the Meat Industry Efficiency in Poland, in the years 2000-2013 (Based on the data of the Central Statistical Office) 121
14 Contents
Dobrostawa Antonöw
The Influenae of the Stamp Duty on Setting and Running a Business 122
Arzybaev Askar
Synthesis of Pension System Parametric Assessment 123
Diana Elisabeta Balaciu, Lucian Cernusca
Ioana Teodora Mester
An Empirical Study on Students' Behaviour Regarding Creative Accounting Techniques 124
Adam P. Balcerzak
Europe 2020 Strategy Implementation. Groupingthe Countries with the Application of Natural Breaks Method 125
Bernadeta Baran
Renewable Energy Support in Germany as an Example of Effective State Policy 126
Bartosz Bartniczak
State Aid as a Tool of Market Failures 127
Krzysztof Beck
Business Cycle Synchronization: A Regional Perspective 128
Joanna Bednarz, Magdalena Markiewicz
From Confrontation to Cooperation - Institutional Support in Building Cooperation of Polish Enterprises 129
Tomasz Bernat
Genes and Entrepreneurship - Is There Any Relation? 130
Dalia Bernatonyte
Estimation of Export Specialization: Lithuanian Case 131
Contents 15
Kamila Bielawska
Pension Reforms in Central and Eastern European Countries and Fiscal Policy Coordination in the European Union After 2008
Beata Bieszk-Stolorz, Iwona Markowicz
Influence of Unemployment Benefit on the Duration of Registered Unemployment Spells
Nina Bockovä
R&D Tax Incentives in Industry: Empirical Study Among Small and Medium Electronics Manufacturing Enterprises
Agnieszka Bojanowska
Model of Building Relationships With Customers Via the Use of Mobile Devices
Katarzyna Boratynska
Corporate Bankruptcy and Survival on the Market: Lessons from Evolutionary Economics 136
Arkadiusz Borowiec
A Model Assessing Innovativeness of Administration Units Awarding Public Contracts as a Tool to Conduct Economic Policy of the State 137
Krzysztof Borowski
Analysis of Monthly Rates of Return in April and Correlation Analysis of Monthly Rates of Return in April on the Example of Selected World Stock Exchange Indices 138
Christophe Boya
Testing Capital Market Efficiency 139
Sylwia Bozek, Izabela Emerling
Protecting the Organization Against Risk and the Role of Financial Audit 140
132
133
134
135
16 Contents
Ivars Brlvers
Market or Government - Is There a Third Way? 141
Dominika Brözda
Transmission Mechanism of the Federal Reserve System's Monetary Policy in the Conditions of Zero Bound on Nominal Interest Rates 142
Jurgita Bruneckiene, Jolita Sinkiene
The Specific of Economic Competitiveness Evaluation of Cities from Cross-border Region Under the Context of Urban Shrinkage 143
Marcin Brycz
How Pension System Investment Contributed to Debt Inflation - Case of Sweden 144
Katarzyna Budzyriska
Offshoring sector in Poland 145
Wieslawa Caputa
Social Relations and Environmental Influenae as a Determinant of Customer Capital 146
Katarzyna Cheba
The Influenae of Clusters on Economic Development. A Comparative Analysis of Cluster Policy in the European Union and Japan 147
Elena Cherniavskaya
European Transport Project Rail Baltica: Perspectives for Poland and Russia 148
Jadvyga Ciburiene
The Evaluation of Economic Development Index: Theory and Research 149
Andrzej Cieslik
Export Versus FDI in Cournot Duopoly Framework 150
Contents 17
Andrzej Cieslik, Jan Michatek, Iryna Nasadiuk
Determinants of Export Performance of Ukrainian Firms 151
Anna Cudowska-Sojko
The Global Economic Crisis and Poland's State Debt 152
Agnieszka Czajkowska
Mezzanine as an Alternative Form of Corporate Financing 153
Joanna Czaplak
Analysis ofthe Effectiveness of Public Services Provision by Local Governments in the Years 2007-2013 154
Elzbieta Czarny, Jerzy Menkes
European Union and European Germany 155
Elzbieta Czarny, Pawel Folfas
World Trade and Regional Trade Orientation in the Context of Forthcoming Transatlantic Trade and Investment Partnership 156
Stawomir Czech
Choice Overload Paradox and Public Policy Design. The Gase of Swedish Pension System 157
Teresa Czerwinska, Angelika Lala
Globally Systemically Important Insurers - Are They Really Dangerous for Global Financial System? 158
Stawomir Czetwertynski
Internet Peer Production and Unauthorized Copying of Intellectual Property Via BitTorrent Network 159
Bazyli Czyzewski, Jan Polcyn, Anna Hnatyszyn-Dzikowska
Concept of Measuring Efficiency of Public Goods Provision Based on Educational Sector in Poland 160
18 Contents
Ezra Davar
General Equilibrium Theory - Walras Versus Post-Walras Economists: "Rinding Equilibrium" - Losing Economics 161
Piotr Dominiak, Ewa Lechman, Anna Okonowicz
Fertility Rebound and Economic Growth. New Evidence for 18 Countries Over the Period 1970-2011 162
Ryta Dziemianowicz, Aneta Kargol-Wasiluk, Renata Budlewska
Fiscal Councils as a Part of Fiscal Governance in the European Union Member States 163
Eva G. Fekete, Zsuzsanna Dabasi-Haläsz Daniel Kuttor Anna Vizkeleti
Between the Market and the Government - Social Economy Opportunities and Initiatives on Post-communist Peripheres 164
Anna M. Ferragina, Fernanda Mazzotta
Employment Growth in Italy: the Role of Firm Size and Internationalisation 165
Piotr Fiszeder, Witold Orzeszko
Detecting Nonlinear Causal Relations on the Agricultural Market 166
Olaf Flak, Grzegorz Glöd
Features of Polish Companies. Results of the Company Competitiveness Barometer 2014 167
Anna Fornalska - Skurczynska
How to Effectively Support Export Activity 168
Peter Friedrich
Determining Social Capital by Social Accounting 169
Waldemar Gajda
Paradigm of Empirical Research of Tools Determining Management of Contemporary Economic Organisations With the Use ofthe Delphi Method 170
Contents 19
Malgorzata Gajowiak
Asset Sources of Competitive Advantage of SMEs From High-tech Sector in the Region of Greater Poland 171
Tomasz Galewski
Problems in Measuring Price Dispersion in E-commerce 172
Bogna Gawronska-Nowak, Wojciech Grabowski
Using Genetic Algorithm in Dynamic Model of Speculative Attack 173
Aleksandra Gqsior
Innovation and Their Impact on the Environment 174
Aneta Giedrewicz-Niewinska
Employee Involvement in Corporate Governance in a European Company 175
Wieslawa Gieranczyk, Agata Kordowska
Regional Differences in the Activity of Industrial Enterprises in the Use of Public Financial Instruments to Support Innovation in the Period 2011-2013 176
Katarzyna Glinka
China's Financial Market Adjustment in the Wake of Global Financial Crisis 177
Beata Glinkowska
Knowledge Acquisition in Small and Medium-sized Enterprises 178
Micha! Gluszak, Agnieszka Malkowska
Pro-investment Local Policies in the Area of Real Estate Economics - Similarities and Differences in the Strategies Used by Communes 179
fcukasz Goczek
Semi-strong Informational Efficiency in the Polish Foreign Exchange Market 180
20 Contents
Jadwiga Gorqczkowska
Technological Parks and the Innovation Activity of Enterprises in the Industrial Networks - Developed Regions vs. the Intermediate Ones 181
Anna Grzes
Does the Outsourcing Affect Labour Costs in Enterprises? Evidence from Firm-level Data 182
Katarzyna Gwözdz
Assessing the Non-financial Investment Profitability with Variable Discount Rate 183
Bärbel Held
Comparison of Public, Non-Profitand Private Hospitals 184
Anna Horodecka
Reasons for the Changes of the Concepts of Human Nature in the Economics Exemplified on the Contemporary Trends 185
Vladimir Hyänek, Zuzana Prouzovä
Non-profit Institutions' Funding Resources in the Time of Crisis: Market or Government? 186
Malgorzata Magdalena Hybka
Allocating Tax Revenue to Sub-Central Government Levels: Lessons from Germany and Poland 187
Dmytro Iefremov
The Scale and Structure of Chinese Public Sector: Sources of Anomalies 188
Micha! Igielski
Management System of Knowledge Workers in the Contemporary Enterprise 189
Contents 21
Bogna Janik, Krzysztof Kolodziejczyk
Eco-innovations in the Business Practice of the Companies Traded on the Warsaw Stock Exchange - an Overview of Selected Results 190
Elzbieta Janton-Drozdowska, Maria Majewska
Social Capital as a Key Driver of Productivity Growth of the Economy: Across-countries Comparison 191
Elzbieta Janton-Drozdowska, Maria Majewska
Investment Attractiveness of Central and Eastern European Countries in the light of New Locational Advantages Development 192
Jakub Janus
The Transmission Mechanism of Unconventional Monetary Policy... 193
Michal Jarmolovic
Economic and Monetary Union and the Optimal Currency Area Theory: an Attempt at Market design? 194
Tomasz Jasinski, Agnieszka Scianowska
Security Assessment and Optimization of Energy Supply 195
Andrzej Jgdruchniewicz
Monetary Policy and Investments in the Polish Economy 196
Izabela Jonek Kowalska
State Aid and Competitiveness of the Hard Coal Mining Industry in the European Union 197
Aldona Kamela-Sowinska
Accounting Integration issues of EU Member States 198
Aliyu Ibrahim Kankara, S.S. Ibrahim
Economic Negation of Artisanal Gold Mining at Maiwayo and Gada-Eregi Environ, Northern, Nigeria 199
22 Contents
Dorota Kawiorska
Healthcare in the Light of the Concept of Weifare State Regimes - Comparative Analysis of EU MS 200
Milka Kazandziska
Macroeconomic Policy Regime in Poland 201
Tomasz Kijek
Intellectual Property Rights and Appropriability of Innovation Capital: Evidence From Polish Manufacturing Firms 202
Emilia Klepczarek
Disclosure of Risk Information in the European Banking Sector 203
Jacek Klich
Health Care Systems' Evolvement and the Changing Role of the State in Selected CEEC 204
Lidia Klos
The Competitiveness of SMEs 205
Olga Kontorovich, Marina Alekseevna Fedotova
Olga Vladislavovna Loseva
Monetary Valuation of Intellectual Human Capital in Innovative Activity 206
Katarzyna Kopyscianska
Admissibility of Optimizing the Tax Bürden 207
Marek Kopyscianski
The Impact of Tax-free Amount of Personal Income Tax on Budget Revenues 208
Aleksandra Kordalska, Magdalena Olczyk
Global Competitiveness and Economic Growth: A One-Way or Two-Way Relationship? 209
Contents 23
Andrzej Kowalczuk
The Analysis of the Competitiveness of the Biggest Enterprises in the Construction Industry in Podlaskie Region Compared to the Sector, Based on the Radar of Nagashima 210
Iwona Kowalska
Sources of Financing Knowledge-Based Economy: the Case of Formal, Non-Formal and Informal Education in Poland 211
Katarzyna Kowalska
Network Organization and Corporate Social Responsibility 212
Iwona Koza
The Modern Challenges of Regional Development and Socio-economic Potential of Town Districts Belongingto North Macro-region of Poland 213
Barbara Kryk
The Accomplishment of the EU Objectives Relating to LLL in Poland 214
Katarzyna Kubiszewska
Banking Concentration in the Baltic and Western Balkan States - Selected Issues 215
Joanna Kuczewska, Joanna Stefaniak-Kopoboru
Export Specialization in Services ofthe Visegrad Countries 216
George Kudrna
Means Testing of Public Pensions: The Case of Australia 217
Justyna Kufel
Monopolistic Markups in the Polish Food Sector 218
Maria Kukurba
Supply Chain Management and the Value of Enterprise 219
24 Contents
Jan Kultys
Controversy About Theoretical Fundamentals of Corporate Governance 220
Remigiusz Lewandowski
Economic Sectors of Strategie Importance for the State Security 221
Wieslawa Lizinska, Renata Marks Bielska
Karolina Babuchowska, Magdalena Wojarska
The Institutional Efficiency of the Local Government in Terms of Administrative Decisions 222
Monika fcobaziewiez
Reporting Process Standardization in B2B System 223
Blazej fcyszczarz
Public-private Mix and Performance of Health Care Systems in CEE and CIS Countries 224
Joanna Machnik-Sfomka, Agata Stachowicz-Stanusch
Application of Modern Information Technologies in Prevention of Corruptive Practices in an Organization 225
Joanna Mackiewicz-tyziak
Fiscal Sustainability in CEE Countries - the Case of the Czech Republic, Hungaryand Poland 226
Malgorzata Madrak-Grochowska
The Knowledge-based Economy as a Stage in the Development of the Economy 227
Ireneusz Maj
Asymmetry ofthe Information and the Knowledge Between Owners and Workers in Large Family Companies, as the Determinantoftheir Success 228
Contents 25
Ingrid Majerovä
The Impact of Selected Variables on the VAT Gap in the Member States ofthe European Union 229
Joanna Malecka
Revenues, Expenses, Profitability and Investments of Potential Contenders for the Status of a Listed Company in Poland 230
Piotr Masiukiewicz
Doctrine of Public Good in Banking Versus State Intervention 231
Agnieszka Matuszewska-Pierzynka
Net Profit Distribution Policy in Companies Using State-owned Enterprises Against Payment 232
Blazej Mazur, fcukasz Lenart, Mateusz Pipieri
Statistical Analysis of Business Cycle Fluctuations in Poland Before and After the Crisis 233
Marta Mazurowska
Dillemas of Hedge Accounting 234
Rüta Meiste, Sandra Jakstiene
Crisis Diagnosis in Anti-Crisis Management Process in a Company ...235
Tomas Meluzin, Marek Zinecker
Trends in IPOs: The Evidence from CEE Capital Markets 236
Aneta Michalak
The Cost of Capital in the Effectiveness Assessment of Financial Management in a Company 237
Wiestawa Miemiec
Tax Optimization. The Use of Methods and Rates of Depreciation of Fixed Assets 238
Stawomir Miklaszewicz
Sovereign Debt Crisis of Euro Zone Countries 239
26 Contents
Dorota Milek, Paulina Nowak
Regional Specialisation as an Endogenous Factor in the Development of Poland's Provinces 240
Marta Moczulska, Janina Stankiewicz
The Involvement of Employees in Knowledge Management in the Light of the Research Results 241
Jean-Louis Monino, Christophe Boya
A Non-parametric Modeling Between Time Series: a Qualitative Approach 242
Sylwia Morawska, Przemyslaw Banasik
Responsible courts in a Global World: "Managerism" or "Managerialism"? 243
Micha! Moszynski
Ordoliberalism and the Macroeconomic Policy in the Face of the Euro Crisis 244
Anna Mozdzierz
Strengthening the Post-crisis Fiscal Rules - the Case of Spain, Slovakia and Sweden 245
Anna Murawska
Differentiation of Unemployment Among People in a Special Situation on the Labor Market on the Example of Polish Regions 246
Tomasz L. Nawrocki
R&D Activity and Core Business Efficiency on the Example of Technology Companies 247
Quang Nguyen
Linking Group Norm and Status Seeking Preferences: Insights from a Field Experiment on Charitable Giving 248
Contents 27
Liudmila Nikolova, Dmitriy Rodionov, Irina Rudskaia
Regional Innovation Programs' Sustainability Under Risk and Uncertainty 249
Tomasz Norek, Daniel Luis Arenhardt
Comparative Analysis of Innovative Activity Determinants in Companies of Small and Medium Enterprises Sector in Brazil and Poland. Results of Empirical Researches 250
Olena Nykyforuk
Transport Policy of Ukraine in the Context of Ukraine-European Union Association Agreement 251
Matgorzata Olszak, Mateusz Pipien, Sylwia Roszkowskac
The Impact of Capital Ratio on Lending of EU Banks - the Role of Bank Specialization and Capitalization 252
Izabela Ostrowska
Analysis the Issue of Satisfaction with Online Shopping of Polish Consumers 253
Magdalena Owczarczuk
Economic Freedom and FDI in Postsocialist Countries of European Union 254
Irina Doina Pä§can, Ramona Neag
Economic Consequences of the Adoption of the International Financial Reporting Standards: Evidences in the Research Literature 255
Adalmiro Andrade Pereira, Sara Neves
Investment Analysis Based on the Context ofUse 256
Iaroslav Petrakov
Between Intervention and Free market: Fiscal Policy Tools Design for Innovative Development of the Depressed Regions (Ukrainian Case) 257
28 Contents
Pawel Piqtkowski
Economic Policy Under Influenae of Globalization. Opportunities and Threats 258
Anna Piekarczyk
Contemporary Organization and a Perspective on Integration and Development 259
Aleksandra Pieloch-Babiarz
Catering Approach to the Dividend Payment Policy on the Warsaw Stock Exchange 260
Micha! Pilc
What Determines the Reforms of Employment Protection Legislation? A Global Perspective 261
Aurelian Petrus Plopeanu, Tiberiu Bräilean
Wall Street's Culture 262
Piotr Podsiadio
The Question of State Aid for Rescuing and Restructuring Undertakings in Difficulty in the Context of the General Government Sector Debt of EU Member States 263
Elzbieta Pohulak Zolgdowska
Innovation in Contemporary Economies 264
Mariusz Pröchniak, Bartosz Witkowski
On the Use of Panel Stationarity Tests in Convergence Analysis: Empirical Evidence for the EU Countries 265
Micha! Ptak
Public Support for Renewable Energy in Poland 266
Miroslaw Raczynski
Competition Policy and Crisis. Economic Issues 267
Contents 29
Tjasa Redek, Matjaz Koman, Janez Prasnikar
Jan Svejnar
The Effect of Crisis on Labor's Bargaining Power and Wage-employment Outcomes in Europe 268
Agne Reklaite
Globalisation Effect Measure via Hierarchical Dynamic Factor Modelling 269
Matgorzata Renigier-Bitozor, Andrzej Bitozor
Optimization of the Variables Selection in the Process of Real Estate Markets Rating 270
Anita Richert-Kazmierska
Demographic Changes in Poland - the Regional Dimension 271
Irina Romodina, Maxim Silin
Perspectives of Introduction Sustainable Procurement In Public Procurement in Russia 272
Tomasz Rosiak
Fiscal Capacity for Euro Area - Towards a Bigger EU Budget? 273
Matgorzata Rutkowska-Podolowska, Grzegorz Podotowski
Nina Szczygiet
Vino Therapy and its Impact on Health Attitudes: The Innovation Perspective 274
Alina Rydzewska
Contemporary Nature of Stock Exchange from the Perspective of Demutualization Process 275
Artur Sajnög
Comparative Analysis of Economic Efficiency of Polish and German Listed Companies 276
30 Contents
Iwona Salejko-Szyszczak
Poverty in Poland in the Years 2000-2013 277
Doaa M. Salman
Role of Institution, Government to Robust International Entrepreneurial Activities and Economic Growth: New Evidence 278
Saifullahi Sani Ibrahim
Budgetary Allocation and Poverty Situation in Nigeria: the Implication for Economic Insecurity 279
Greg Sand, Leonidas Tsitouras, George Dimitrakopoulos
Vassiiis Chatzigiannakis
GlobaliFusion, The First Worldwide, Holistic, Information & Communication Technologies [ICT] and Big Data Aggregation Approach to Social Media Marketing 280
Alicja Sekula, Joanna Smiechowicz
Systems of General Grants for Local Governments in Selected EU Countries Against the Background of the General Theory of Fiscal Policy 281
Inna Semenenko
Energy security of Ukraine in the Context of its Sustainable Development 282
tukasz Siemieniuk
Academic Business Incubators as an Institutional Form of Academic Entrepreneurship Development in Poland 283
Anna Siemionek, Malgorzata Siemionek
Balanced Scorecard Concept in Romanian Small and Medium Enterprises 284
Zaneta Simanaviciene, Andzej Volochovic
Akvile Cibinskiene
Features of Energy Saving Potential in Household Evaluation 285
Contents 31
Agnes Sipos
Shared State Taxes and Tax Policy of Local Self-governments in Connection With Tax Morale 286
Beata Skubiak
Financial Instruments for Development the Rural Areas 287
Ronalds Skulme, Valerijs Praude
Social Media Evaluation Metrics 288
Katarzyna Smolny
The Processes of Globalisation Versus Fiscal Regulations Regarding to the Debt and the Deficit in the EU 289
Konrad Sobanski
Valuation Effect as a Determinant of the International Investment Position in Central and Eastern European Economies 290
Alla V. Sorokina, Stepan P. Zemtsov, Pavel. N. Pavlov
Specifics of Cluster Policy in Russia 291
Tomasz Sosnowski
Motives and Effects of the Initial Public Offerings on the Warsaw Stock Exchange 292
Zbigniew Stariczyk
Economic Slowdown in BRIC Countries After Global the Financial Crisis 293
Vladena Stepänkovä, Jifi Kriz, Lenka Smoli'kovä
Management of Projects Risk with Business Intelligence 294
Beata Stgpien, Monika Sulimowska - Formowicz
Economic vs Managerial Perspective on Inter-organisational Relations' Analysis - Are Economists on the Dead-end Track? 295
32 Contents
Andrzej Stolarski
The Effect of Pre-emptive Methods and the Maturity of the Corporate Income Tax on the Company's Liquidity Management Strategy. Analysis Based on the Solutions Adopted in the European Union Countries 296
Joanna Stryjek
Tax Incentives for Innovation 297
Hana Stverkovä, Vlasta Humlovä
Assessment of the Performance and Competitiveness of the Selected Clusters in the Moravian-Silesian Region 298
Iwona Szczepaniak
Poland's Export Specialization in Trade with the EU - Food Products vs Selected Croups of Non-food Products 299
Katarzyna Szopik-Depczyriska
Effects of Innovative Activities of Polish Industrial Enterprises of Western Poland 300
Jaroslaw Szostak
Defining the State's Responsibility for Social and Economic Development 301
Danuta Szwajca
Corporate Reputation and Customer Loyalty as the Measures of Competitive Enterprise Position - Empirical Analyses on the Example of Banking Sector 302
Paulina Szyja
The Role of the State in Creating a Green Economy 303
Magdalena Szyszko, Karolina Tura
Can Inflation Forecast and Monetary Policy Path be Really Useful? The Gase of Czech Republic 304
Contents 33
Karol Sledzik
"Fettered" and "Unfettered" Capitalism in J.A. Schumpeter's Concept of Tax State and Economic Development 305
Dominik Sliwicki
Decomposing the Net Efficiency of Active Labor Market Programs...306
Arkadiusz Swiadek
The Economic Cycle and the Innovation Activity of the Polish Industry System 307
Lukas Turcok, Athanasios Podaras
A VBA Model for Calculating Partnership Efficiency 308
Kamila Tureckovä
Income Inequality by Method of Non-weighted Average Absolute Deviation: case study of Central and Eastern European Countries 309
Vlada Vitunskiene, Evaldas Serva
Lithuania's Agri-food Industry Export Competitiveness 310
Aneta Waszkiewicz
Shadow Banking - Its Place in the Modern Financial System 311
Joanna Wggrzyn
Research Trends of Public-Private Partnerships (PPPs) in Poland ....312
Anna Wildowicz-Giegiel, Adam Wyszkowski
Absorption of EU Funds in the Context of Polish Enterprises Competitiveness Measured by Profitability Rates 313
Anna Witek-Crabb
Maturity of Strategie Management in Organization 314
Julia Wlodarczyk, Jan Acedanski
Dispersion of Inflation Expectations in the European Union Düring the Global Financial Crisis 315
34 Contents
Dorota Wojtczak - Samoraj
The Independence of the European Central Bank in the Context ofthe Single Supervisory Mechanism 316
Grazyna Wolska
The Review of Theories of Mainstream Economics on the Example of Economic Models 317
Beata Wozniak-J^chorek
Institutional Determinants of Regional Diversity of Labor Marketin Poland 318
Gabriela Wronowska
Weifare and Higher Education in EU Member States - Comparative Analysis 319
Silvia Zaharco
The Impact of Integration in the European Union on the Development of Food Products Trade of the Republic of Moldova 320
Magdalena Zaj^czkowska
Prospects for the Development of Prosumer Energy in Poland 321
Anna Zqbkowicz
A Paradox ofReforming Pensions in Poland 322
Malgorzata Zielenkiewicz
The Role of the Level of Development, Geographica! Factors, and Culture for the Efficacy of Economic Freedom 323
Mariusz Zielinski
Unemployment and Labor Market Policy in Visegrad Group Countries 324
Contents 35
Dorota Zuchowska
Accession to the Eurozone as Lithuania's Exit Strategy From the Currency Board System 325
Marek Zukowski, Anna Biatek-Jaworska
Determinants of R&D Costs Capitalization for Innovation-active Firms 326