Browsing by Author "Simionescu, Mihaela"
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- ItemThe effects of european economic integration and the impact of Brexit on the uk immigrants from the CEE countries(Technical university of Liberec, Czech Republic, 2017-03-15) Simionescu, Mihaela; Bilan, Yuriy; Smrčka, Luboš; Vincúrová, Zuzana; Ekonomická fakultaConsidering the debates regarding lower increase in the economic growth after Brexit, the main objective of this paper is to measure the positive impact of economic integration of Central and Eastern European (CEE) countries on the UK economy and the effect of Brexit on the immigration from these countries to the UK. The European Union membership of some CEE countries increased, in average, the number of the UK immigrants by 12 times in the period 2004-2014 compared to the group of countries formed by Russia and Ukraine. The empirical findings show positive economic effects of immigration on the UK’s economy, even if the pro Brexit group claimed that a control of immigration is necessary. CEE countries emigrants stimulated the UK economic growth, price stability and reduced the homicide rate. The effects of immigration on the unemployment rate, health and education spending were positive, but very low. According to mixed-effects Poisson models estimations, after Brexit the number of the UK immigrants from the CEE countries that are member of the EU might decrease by 2 times. This significant decline in immigration might impose austerity measures, because of the fall in the economic growth trend with negative impact on the UK economy. Therefore, we recommend policies that focus more on high-skilled labour force than on the reduction of the number of immigrants. The UK should propose measures to slow the expected immigration decline in order to alleviate economic issues like decline in economic growth, decrease in labour productivity, cutting backs on public services.
- ItemThe Influence of Competitiveness on Start-up in SMES Segment(Technická Univerzita v Liberci, ) Dvorský, Ján; Čepel, Martin; Simionescu, Mihaela; Ďurana, Pavol; Ekonomická fakultaThe paper aims to identify important factors for competitiveness (CF – Competitive environment, FF – Narrower business environment), which impact start-up in a segment of SMEs. In regards to the defined aim, survey-based research was conducted with enterprises operating in the SME segment. Three 312 enterprises in the Czech Republic and 329 enterprises in the Slovak Republic were approached during this research. The multiple linear regression was used: (a) to quantify the relationship between the variables, (b) to identify the most critical indicator of QBE, and also to verify the scientific hypothesis. The competitive environment has a significant impact on the quality of the business environment in the SME segment. The authors found that the selected factors (CF and FF) were statistically significant. The competitive environment (CF) has a greater impact on the quality of the business environment than the narrower business environment (FF). Human capital represented by employees and the adequacy of supplier prices are indicators that have a significant impact on the quality of the business environment in the SME segment. The most critical CF indicator is that the suppliers of SMEs demand reasonable prices for their products and services. On the contrary, the least significant indicator is the intensity of competition in the sector. The most important indicator of a narrower business environment is the contribution of employees in achieving business goals. On the opposite, the least important indicator of a narrower business environment is the support of suppliers to meet the business goals of SMEs.
- ItemThe role of education, individual and environmental factors in entrepreneurial initiatives: a microeconomic approach for Czech Republic, Slovakia and Poland(Technická Univerzita v Liberci, ) Bilan,Yuriy; Simionescu, Mihaela; Mentel, Grzegorz; Rozsa, Zoltan; Ekonomická fakultaConsidering the role of entrepreneurial initiatives in supporting national economies, the main purpose of this paper is the assessment of various factors’ impact on entrepreneurial initiatives in the Czech Republic, Poland and Slovakia. Using the data collected via surveys of students in Economics and Business, the association between entrepreneurial initiatives (deep interest in business, intention to start a business after graduation) and quality of higher education, individual traits and economic factors is investigated. The results based on Kendall’s coefficients, Kruskall-Wallis test and multinomial logistic regression indicated that all the students present a certain aversion to risk due to a high number of business disadvantages. Less time left to be spent with family due to business activities and the irregularity of incomes discourage the Poles and the Slovaks to start a business. Unlike Polish students, the Czechs and the Slovaks consider that the quality of higher education motivate them to have entrepreneurial initiatives. Polish and Slovak students decision to start a business depends on the media information about business environment, while for Czech students the knowledge acquired during the studies about starting a business are enough determine them to have own affairs. Some recommendations could be made based on these results: Polish and Slovak higher education in Economics and Business fields needs improvement as to determine the graduates to start and do business of their own. In this context, the organization of more traineeship during the studies to explain them how to be a successful businessperson could have a positive impact on the decision to become entrepreneur. Professors could inform their students that media information is not always the most reliable source, while the experience of successful businessmen shared with students and some lectures taught by experts coming directly from the business environment could be more useful for them.