BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Autor
Przybyliński Michał (University of Lodz, Poland), Trębska Joanna (University of Lodz, Poland)
Tytuł
Intersectoral Flows in the Economies of the Visegrad Group Countries
Przepływy międzysektorowe w gospodarkach krajów Grupy Wyszehradzkiej
Źródło
Comparative Economic Research, 2023, vol. 26, nr 3, s. 31-52, aneks, tab., wykr., bibliogr. 26 poz.
Słowa kluczowe
Międzynarodowe przepływy finansowe, System Rachunków Narodowych (SRN), Gospodarka
International financial flows, System of National Accounts (SNA), Economy
Uwagi
Klasyfikacja JEL: E01, F4, P52.
summ., streszcz.
Firma/Organizacja
Grupa Wyszehradzka
Visegrad Group
Kraj/Region
Polska, Republika Czeska, Republika Słowacka, Węgry
Poland, Czech Republic, Slovak Republic, Hungary
Abstrakt
Przedstawiamy studium porównawcze przepływów pomiędzy sektorami instytucjonalnymi w gospodarkach Czech, Węgier, Polski i Słowacji, ze szczególnym uwzględnieniem roli sektora zagranicy. W naszym badaniu staramy się określić siłę i charakter powiązań międzysektorowych w analizowanych krajach oraz wskazać podobieństwa i różnice pomiędzy nimi. Badanie opiera się na sekwencji wszystkich transakcji zawartych w Systemie Rachunków Narodowych (SRN). Są to transakcje produktowe, tworzenie i alokacja dochodów pierwotnych, dystrybucja dochodów oraz transakcje w zakresie instrumentów finansowych. Badanie wyróżnia się spójnością i zbilansowaniem w ramach SRN. Zastosowana metoda transformacji danych do postaci macierzy płatnik-odbiorca gwarantuje zachowanie tych właściwości. Jest to pierwsze tego typu kompleksowe badanie porównawcze, dostarczające jednoznacznych i powtarzalnych wyników na podstawie ustandaryzowanego systemu rachunkowości, funkcjonującego we wszystkich krajach europejskich. Okres objęty badaniem (2000-2020) pozwala na wyciągnięcie ciekawych wniosków na temat procesów zachodzących w trakcie i po akcesji do UE. Uzyskane wyniki wskazują m.in. wzrost zaangażowania sektora zagranicy, przede wszystkim w procesy produkcyjne (import, eksport), a także inwestycyjne. Na szczególną uwagę zasługuje wysoki stopień finansjalizacji węgierskiej gospodarki. (abstrakt oryginalny)

We present a comparative study of flows between institutional sectors in the economies of Czechia, Hungary, Poland and Slovakia, with particular emphasis on the role of the foreign sector. The purpose of our study is to determine the strength and nature of inter-sectoral ties in the analyzed countries and point out the similarities and differences between them. The research method is based on the sequence of all transactions included in the System of National Accounts (SNA): product transactions, primary income generation and allocation, income distribution, and financial instrument transactions. The study is distinguished by its consistency and balance within the SNA. The method used to transform data into a payer-payee matrix guarantees the preservation of these properties. It creates a new perspective for assessing the sensitivity of economies to external processes. It is the first such comprehensive comparative study, providing unambiguous and replicable results based on a standardized accounting system that operates in all European countries. The period covered by the study (2000-2020) allows us to draw interesting conclusions about the processes that took place during and after the accession to the European Union. The results indicate, inter alia, an increase in the involvement of the foreign sector, primarily in production processes (import, export) and investment. Particularly noteworthy is the high degree of financialization of the Hungarian economy. (original abstract)
Pełny tekst
Pokaż
Bibliografia
Pokaż
  1. Abad, P. (2005), Compiling the flow of funds of the Spanish economy, "IFC Bulletin", 21, pp. 43-60, https://www.bis.org/ifc/publ/ifcb21.pdf (accessed: 24.08.2022).
  2. Ambroziak, Ł., Chojna, J., Gniadek, J., Juszczak, A., Miniszewski, M., Strzelecki, J., Szpor, A., Śliwowski, P., Święcicki, I., Wąsiński, M. (2020), The Visegrad Group - 30 Years of Transformation, Integration and Development, Polish Economic Institute, Warsaw, https://pie.net.pl/wp-content/uploads/2021/02/Wyszechrad-ENG.pdf (accessed: 24.08.2022).
  3. Błaszczyk, M.C. (2022), Selected Aspects of European Integration of the Visegrad Group Countries, "Comparative Economic Research. Central and Eastern Europe", 25 (2), pp. 81-97, https://doi.org/10.18778/1508-2008.25.14
  4. Cagetti, M., Holmquist, E.B., Lynn, L., McIntosh, S.H., Wasshausen, D. (2012), The Integrated Macroeconomic Accounts of the United States, "Finance and Economics Discussion Series", Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, https://doi.org/10.17016/FEDS.2012.81
  5. Copeland, M.A. (1949), Social Accounting for Moneyflows, "The Accounting Review", 24 (3), pp. 254-264, https://www.jstor.org/stable/240684 (accessed: 24.08.2022).
  6. Dworak, E., Grzelak, M.M. (2018), Innovativeness of the Polish economy in relation to the Visegrad Group countries, "Economic and Environmental Studies", 18 (2), pp. 515-529, https://doi.org/10.25167/ees.2018.46.3
  7. Federal Reserve Statistical Release (2021), Financial Accounts of the United States, https://www.federalreserve.gov/releases/z1/release-dates.htm (accessed: 24.08.2022).
  8. Jabłońska, M. (2020), Comparative Analysis of R&D in the Visegrad Group Countries in the Years 2004-2018, "Comparative Economic Research. Central and Eastern Europe", 23 (4), pp. 31-44, https://doi.org/10.18778/1508-2008.23.26
  9. Karas, D. (2022), Financialization and state capitalism in Hungary after the Global Financial Crisis, "Competition & Change", 26 (1), pp. 29-52, https://doi.org/10.1177/10245294211003274
  10. Klein, L.R. (2003), Some Potential Linkages for Input-Output Analysis with Flow-of-Funds, "Economic Systems Research", 15 (3), pp. 269-277, https://doi.org/10.1080/0953531032000111772
  11. Lazorcakova, E., Dries, L., Peerlings, J., Pokrivcak, J. (2022), Potential of the bioeconomy in Visegrad countries: An input-output approach, "Biomass and Bioenergy", 158, 106366, https://doi.org/10.1016/j.biombioe.2022.106366
  12. Lengyel, I., Kotosz, B. (2018), The Catching up Processes of the Regions of the Visegrad Group Countries, "Comparative Economic Research. Central and Eastern Europe", 21 (4), pp. 5-24, https://doi.org/10.2478/cer-2018-0024
  13. Miller, R.E., Blair, P.D. (2009), Input-Output Analysis: Foundations and Extensions, Cambridge University Press, Cambridge, https://doi.org/10.1017/CBO9780511626982
  14. Molendowski, E. (2021), The Competitive Position of the Economy of Poland (against the Backdrop of the Visegrad Group Countries and the Baltic States) - Changes and Determinants in the Post-accession Period, "Comparative Economic Research. Central and Eastern Europe", 24 (1), pp. 85-102, https://doi.org/10.18778/1508-2008.24.05
  15. Palumbo, M., Parker, J. (2009), The Integrated Financial and Real System of National Accounts for the US: Does It Presage the Financial Crises?, "American Economic Review", 99 (2), pp. 80-86, https://doi.org/10.1257/aer.99.2.80
  16. Piroska, D. (2021), Financial Nationalism and Democracy: Evaluating Financial Nationalism in Light of Post-Crisis Theories of Financial Power in Hungary. Financial Nationalism and Democracy: Evaluating Financial Nationalism in Hungary in Light of Post-Crisis Theories of Financial Power, [in:] A. Pickel (ed.), Handbook of Economic Nationalism, Edgar Elgar, Cheltenham, https://doi.org/10.2139/ssrn.3846022
  17. Rostadsand, J.I. (2004), Net lending of households and non-profit institutions serving households: an analysis of discrepancies between financial and non-financial accounts, "Norges Bank Economic Bulletin", 04, Q3, https://norges-bank.brage.unit.no/norges-bank-xmlui/bitstream/handle/11250/2504443/rostadsand.pdf?sequence=1&isAllowed=y (accessed: 24.08.2022).
  18. Shrestha, M., Mink, R., Fassler, S. (2012), An Integrated Framework for Financial Positions and Flows on a From-Whom-to-Whom Basis: Concepts, Status, and Prospects, International Monetary Fund, https://www.nber.org/system/files/chapters/c12835/revisions/c12835.rev0.pdf (accessed: 24.08.2022).
  19. Strnad, V. (2022), Les enfants terribles de l'Europe? The 'Sovereigntist' Role of the Visegrád Group in the Context of the Migration Crisis, "Europe-Asia Studies", 74 (1), pp. 72-100, https://doi.org/10.1080/09668136.2021.1976730
  20. The Financial Crisis and Information Gaps - Report to the G-20 Finance Ministers and Central Bank Governors (2009), Financial Stability Board and International Monetary Fund, Washington, https://www.imf.org/external/np/g20/pdf/102909.pdf (accessed: 24.08.2022).
  21. Trębska, J. (2018), Polish households' savings in the financial intersectoral linkages, "Equilibrium. Quarterly Journal of Economics and Economic Policy", 13 (2), pp. 307-329, https://doi.org/10.24136/eq.2018.016
  22. Tsujimura, K., Mizoshita, M. (2003), Asset Liability-Matrix-Analysis Derived from the Flow-of-Funds Accounts: the Bank of Japan's Quantitative Monetary Policy Examined, "Economic Systems Research", 15 (1), https://doi.org/10.1080/0953531032000056936
  23. Tsujimura, M., Tsujimura, K. (2011), Balance sheet economics of the subprime mortgage crisis, "Economic Systems Research", 23 (1), pp. 1-25, https://doi.org/10.1080/09535314.2010.523414
  24. Tsujimura, K., Tsujimura M. (2018), A flow of funds analysis of the US quantitative easing, "Economic Systems Research", 30 (2), pp. 137-177, https://doi.org/10.1080/09535314.2018.1443908
  25. Tsujimura, M., Tsujimura, K. (2021), Flow-of-funds structure of the US economy 2001-2018, "Economic Systems Research", 33 (3), pp. 385-416, https://doi.org/10.1080/09535314.2020.1795629
  26. Zapletalová, V., Komínková, M. (2020), Who is fighting against the EU's energy and climate policy in the European Parliament? The contribution of the Visegrad Group, "Energy Policy", 139, 111326, https://doi.org/10.1016/j.enpol.2020.111326
Cytowane przez
Pokaż
ISSN
1508-2008
Język
eng
URI / DOI
http://dx.doi.org/10.18778/1508-2008.26.20
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu