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Search for phrase: "rynek finansowy"
Janusz Hryniewicz

The main goal of the article was to verify gains and losses coming from participating in the global economy in the light of the core–periphery theory. It turned out to be undeniably true that transfers of industrial production to peripheral countries lead to higher living standards and indirectly favour political stability in core countries, while the hypothesis that the global financial market is a tool for exploitation of peripheral countries was proved to be false. The author established that financial speculations in core countries cause political destabilization in peripheral countries, and disproved the hypothesis that the higher the participation of periphery countries in the global economy, the higher the losses they suffer and the higher the advantages in core countries.

Marcin Wajda

The aim of the paper is to analyse the allocation of resources from the Cohesion Policy provided to individual regional programmes in the European Union’s 2021–2027 financial scheme. In addition to the European Regional Development Fund and the European Social Fund Plus funds, funds from the Just Transition Fund distributed under the European Funds for Just Transition programme, as well as funds from the European Funds for the Eastern Poland programme were also analysed. The analysis covers the proposition of allocation of funds to regions in the context of the experience gained so far in Poland in the implementation of regional programmes. The carried out analysis confirmed the decrease in the importance of regional programmes in shaping the Regional Development Policy in the 2021–2027 perspective due to the reduction in allocation.

Janusz Zaleski, Zbigniew Mogiła, Joanna Kudełko
The scale and structure of EU funds are one of the key determinants of Cohesion Policy impacts on socio-economic regional development, along with the magnitude of the Keynesian multiplier mechanism, spill-over elasticities, initial stocks of infrastructure, or human and physical capital. The aim of the paper is to analyze how changes in forecasts of Cohesion Policy public financial resources (available in NDPs & NSRFs) affect a counterfactual analysis of the Cohesion Policy impacts on the Polish NUTS-2 regional economies. On the basis of the financial data from the Polish Ministry of Infrastructure and Development which were made available in the years 2008?2013, simulations were carried out for the period 2004?2020 using 16 macroeconomic HERMIN models for the Polish regions. The results show that yearly forecast errors of the EU funds at the regional level account for up to 229%, and the forecast errors of allocations of the EU funds amount even to 32%. The inaccuracy of the forecasts of the EU payments and their volatility considerably distort the results of macroeconomic research of the Cohesion Policy impacts on development processes – even by 88% in the case of the yearly results, and by 49% in the case of cumulative results.
Katarzyna Krok
The turn of the eighties and nineties was a particular moment for the natural environment in Poland. Two important factors occurred at that time. First was the post-communist transformation of the country, which affected all spheres of socio-economic life in Poland. On the other hand, new ideas of sustainable development taking into account both quality of human life and quality of natural environment have been spreading all around the world. Changes in the system of environmental protection in Poland which occurred after the year 1989, took into consideration the consequences of both processes. It seems therefore interesting to find out how the new instruments worked and what effects they have brought to Poland in the nineties. This article describes the changes in the quality of different components of natural environment in the areas of environmental risk in Poland between 1982 and 2000. Using the results and methodology of Rolewicz and Kassenberg (1985), the situation in 27 such areas was analyzed.
Sławomir Maciejczyk
The aim of the following article is to review the literature on financial evaluation of local governments and to emphasise the need of creating new methods of evaluation in this sector. The author makes references to the indicators applied by the financial institutions to business sector and points out the possibilities of adapting those experiences in assessing local governments.
Joanna Dominiak, Paweł Churski
The aim of this paper is to evaluate the importance of innovation in the formation of regions of development and those of economic stagnation in Poland. The test procedure adapted by the authors consists of two stages. In the ?rst one, the authors use cluster analysis to group voivodeships into two categories according to the strength and weakness of their economies, on the basis of socio-economic development indicators, structured according to the following aspects: (1) population and settlement, (2) the structure of the economy and the job market, (3) technical infrastructure and easy access, and (4) the ?nancial situation and wealth. In the second stage the authors use canonical analysis to identify the relationship between regional differences in the level of innovation and the distribution of development and stagnation regions in Poland. The results of the analysis shows a strong correlation between the level of innovativeness of a region and its level of socio-economic development in all highlighted aspects of this process, particularly in the relationship between the level of innovation development of a region and its ?nancial situation and wealth.
Iwona Markowicz, Beata Stolorz
The purpose of the paper was to study the nature of demand for labour on the basis of the characteristics of unemployed people registered in the Local Labour Office in Szczecin that have found employment in the last quarter of 2006. In the paper, the authors studies the possibilities to use survival analysis methods for analysing the influence of gender, education and age of the unemployed person on their job search time and interactions between these variables. In the last quarter of 2006, Szczecin’s labour market demanded young and well-educated employees. The women tended to find jobs faster among younger groups, men among the older age groups.
Maciej Smętkowski
The aim of this paper is to discuss the situation of the EU-10 CEE capital cities during the years since the 2008 financial crisis. The paper concentrates on metropolisation processes that became particularly pronounced at the end of the first stage of the transformation, long before the accession of these countries to the European Union. The main hypothesis is that these processes also continued in the conditions of the economic crisis. As a result, the capital cities in most CEE countries should have done relatively well coming out of the crisis, mainly due to the nature of their diversified economies and the significant share of advanced business services in their structure. As a result, the crisis provided an opportunity to ‘verify’ the viability of the current economic model in the short term, in the specific conditions of transformation economies.
Dorota Celińska-Janowicz
During the last few years Polish financial sector has been expanding in a very dynamic way, also in a spatial context. In cities banks displace other forms of urban activities from their previous locations. The aim of the paper is to examine spatial distribution of banking services in Warsaw at the beginning of 2009. The author, based on her own research, presents main current features of spatial structure of the phenomenon, resting on Proudfoot’s conception of principal types of city retail structure. Special features of the structure related to the specifity of banking services were also considered.
Janina Kotlińska, Maciej J. Nowak
The purpose of this article is to highlight the organisational and financial aspects of managing property at the district level, as well as the role of those aspects in local development, resulting in how property is used and the income it generates. The article contains some suggestions as to how a property-managing program should be constructed, based upon research including both source analysis and questionnaire methods.
Dariusz Reśko
The aim of this article is to analyse trans-border entrepreneurial cooperation in selected territorial units of the Polish-Slovakian border. The authors estimated the number of enterprises operating on both sides of the Polish-Slovakian border and described the branches which are represented by these firms. They also presented other examples of entrepreneurship in the analysed area.
Marcin Flieger
European Union programs are a vital source of financial help in the field of employment increase. Such initiatives are available both in structural programs, Community Initiatives and Community Programs. A great number of them are designed for communities, which, as an independent beneficiary or a partner in a project, can influence the improvement of local and regional labour market situation. One of the essential factors which influence the commitment to the initiatives for employment increase is the way beneficiaries perceive their attractiveness. Therefore, in the article the author presented results of the research in which communities’ attitudes to each activity connected to a labour market, available in EU programs, had been analyzed and assessed. This allowed to determine the initiatives which are perceived as the most desirable and which, according to communities, can best contribute to decreasing of the unemployment rate, and the ones which are the least attractive in this respect. Another part of the above research is the analysis of communities’ expectations regarding creating new initiatives for employment increase, which are not available within the limits of the current programs. This scrutiny allowed to estimate more precisely to what extent current activities match communities requirements. These results made it possible to assess to what degree the presumable lack of desirable initiatives for employment increase constitutes a factor that limits the commitment to the implementation of the currently available initiatives
Marek Furmankiewicz, Joanna Stefańska
This paper presents analysis of different connections between institutional participants of three area-based partnerships (LEADER Local Action Groups) that have been created in rural areas to coordinate actions which contribute to social and economic development of the respective regions. The relations in three partnerships located in different historical-cultural regions of Poland were analysed in the context of the social capital concept, using basic network relation indexes. Various types of interactions between agents (coordination, conflict, co-operation, control and competition) and flows (information, financial assets, human resources and tangible resources) have been analysed.
Michał Dobroczyński
Among various attempts to create international associations integrating the countries of the South, two cases: Association of Southeast Asian Nations and Mercado Comun del Cono Sur deserve particular attention. Not because of their, rather modest, achievements, but due to the institutional characteristics, economic, political and cultural ambitions and the determination to search for original ways of development. ASEAN and MERCOSUR countries are ready to cooperate with the important global partners but, at the same time, have their own, independent views on many issues, in which in other circumstances, they would rather do easy concessions in favour of the powerful global organizations and countries.
Joanna Nargiełło
Creditworthiness, similar to the ability of generating profit and efficient disposal of financial resources, is one of the basic elements of local governments’ financial potential, since it enables gaining additional funds for investment purposes. However, the possibility of obtaining credit is limited not only by law regulations, but also by economic restraints, which determine creditworthiness. Each time, before deciding about incurring debts or about financial involvement, banks as well as local governments themselves should analyze thoroughly the current and future budgets in respect of credit facilities.
Mateusz Kupracz
The paper reviews issues related to traditional food from the perspective of its producers and region development. Research conducted during the Poznan International Fair “Polagra 2006” among producers was used in the paper. This examination brought attention to problems stemming from the functioning of such basic ideas as regional and traditional products, including consumers awareness of such products, as well as the current possibilities of epidemiological – veterinarian rules and norms. A separate issue discussed in the paper concern barriers in the development of rural areas and possibilities of eliminating them by means of financing from the European Agricultural Fund for Rural Development.
Donatas Burneika, Ruta Ubareviciene
The development of Lithuania was deeply affected by the recent world economic crisis, which had a negative impact on most countries in Europe. However, the degree of impact was quite differentiated spatially, and various localities suffered from the crisis unevenly. The economic sectors that suffered the most in Lithuania, were concentrated in metropolitan areas, so the crisis damaged urban economy most seriously. How the economy of the capital city was affected at this time is a central question for researchers. Different areas and sectors of the urban economy were affected differently, so the impact on urban space was fragmented. Our analysis is mainly seeking to understand changes in the construction sector and housing market. The paper also tries to reveal the main features of the development of the whole Vilnius urban region, which occupies much wider territories than the city municipality. The capability to withstand economic threats depends both on urban economy and on the situation in the surrounding region or hinterland of the city. The process of the transformation of rural areas into urban regions is constantly taking place and in the case of metropolitan regions, it depends on the situation in the urban, country, and global economies. The rise of discussion about possible paths of prospective development of the Vilnius city region is also among the tasks of this paper.
Agnieszka Pawłowska

The article discusses the involvement of the US federal government in the policy of urban development in the years 1965-2012. The implementation paradox, understood as a limited ability to achieve national policy objectives as a result of the empowerment of potential adversaries, and the changing views of the successive presidents on federalism were considered crucial in explaining the discussed issue. The following categories have been used: federalism, orientation and instruments of development, and financial outlays for development. Orientation and instruments of development have been presented on the basis of selected federal programmes addressed to cities, and outlays – based on federal budgets. Three generations of public policy implementation theories constitute the theoretical framework of the study. In conclusion, the author points to the withdrawal of the federal government and the growing importance of state authorities in urban development policy.

Łukasz D. Wróblewski

Cross-border economic relations are analysed by many researchers. However, the concepts of cross-border cooperation illustrated in the literature of regional studies do not present the EU market as a factor of cross-border economic relations. In consequence, it is necessary to carry out an in-depth analysis of the literature on cross-border cooperation and economic integration in order to capture the impact of the single market on cross-border relations. The aim of this study is to describe cross-border cooperation in the Polish-German border area, taking into account the economics of the single market.

Paweł Swianiewicz
Horizontal transfers in the local government financial equalization system have been raising a lot of controversies in Poland during the last few years. The paper shows similar instruments functioning in other European countries: Spain, Switzerland, Germany, Denmark, Sweden, and Norway. The paper discusses two mechanisms of equalization: that of revenue and of expenditure needs. European experience is discussed in a way which makes it possible to draw comparisons with regulations in Poland as well as with current debates in Poland.
Michał Dudek

The paper analyses the changes in the scale of the rural economic activity and identifies their selected determinants. The socio-demographic characteristics of the labour resources and the economic differences between rural regions in Poland were analysed as reasons for the dissimilar levels of rural employment. Analyses have demonstrated that, in 2010–2016, rural economic activity measured by the employment rate increased from 50% to 53%, primarily as a result of the impact of cyclical determinants, reflected in the increase in the number of the employed being higher than the number of inactive persons, with a reduced scale of unemployment overall. The studies indicated similar values of the employment rate for urban and rural areas, while the differences in its level within the selected social categories were much more visible for rural populations. This reflected a persistence of territorial disparities in labour markets as well as a trend towards their convergence. The level of territorial differences in the rural employment in Poland was moderate and should be linked with regional economic characteristics. In this context, the allocation of rural labour supply could be attributed to the impact of cities and their functional areas and to the progress in economic diversification of villages located in a particular region. The discussion section of the paper outlines the institutional opportunities and barriers increasing rural economic activity. The presented conclusions were based on the Central Statistical Office data (mainly the Labour Force Survey and the Local Data Bank) and statistical and comparative analysis methods.

Przemysław Śleszyński
The article is based on the statistics of intercommunal data matrix concerning employees who commuted to work in 2006, compiled on the basis of the taxpayers’ tax deductions provided by the Central Statistical Office of Poland (Urban Statistics Centre in Poznan). The author identifies directions, intensity and catchment areas of commuting flows to Warsaw and calculates other basic characteristics, providing a basis for further studies into occupational mobility in relation to the development of the labour market. It has been demonstrated that Warsaw plays a significant role in the spatial structure of the voivodeship in terms of the number of workers who commute to the city. It is the result of its function as the capital and of the development of the labour market in the transition period.
Katarzyna Szmigiel-Rawska
The paper describes the effects of the policy of Polish cities concerning climate change. The study uses a questionnaire carried out in all Polish municipalities, and four case studies. The analysis is based on the concept of local knowledge orders. In Polish local government policy, instead of talking of climate change, the officials prefer referring to efficiency in obtaining external funds, savings, or actions meant to raise the quality of life. The term climate change policy is rarely used.
Robert Kudłak, Wojciech Kisiała, Jędrzej Gadziński, Wojciech Dyba, Bartłomiej Kołsut, Tadeusz Stryjakiewicz
The article seeks to identify socio-economic conditions that affect the demand of individual consumers for cars and to analyze spatial differences in these conditions. To achieve this objective, econometric modelling is conducted. The analysis was conducted in all poviats in Poland and covered the years 2010-2015. The findings show that the demand for new cars is stimulated by incomes of potential consumers and by a net in-migration, while the level of unemployment together with prices of complementary goods (especially petrol prices) negatively affect the demand for cars. Moreover, geographically weighted regression shows that the identified conditions differ across the country, which may explain the noticeable differences in the level of motorization between poviats.
Piotr Rosik, Marcin Stępniak, Rafał Wiśniewski
Road commuters in major Polish cities were counted regularly in the People’s Republic of Poland. The origin and destination of their journey to work were easy to calculate and analyze. However, since 1989 the commuter research has become very difficult due to the lack of statistical data. For that reason, in case of commuting, opinion polls are the main source of data. The authors used the data gathered by the Warsaw Traffic Survey 2005 and a self-prepared questionnaire concerning commuting in Bialystok and 19 gminas in the Podlaskie region in 2006. The results were compared with the study carried out by the Statistical Office in Poznan based on the POLTAX database. The purpose of this article is to compare the average time of a journey to work with the attractiveness of both Warsaw and Bialystok for road commuters who live outside of these cities. The conclusions are that a city’s attractiveness depends mainly on the time of a journey to work and the relationship between these variables can be described by the power function.
Andrés Rodrígues-Pose, Ugo Fratesi
European regional support has grown in parallel with European integration. The funds targeted at achieving greater economic and social cohesion and reducing disparities within the EU have more than doubled in relative terms since the end of the 1980. making development policies the second most important policy area in the EU. The majority of the development funds have been earmarked for Objective 1 regions, i.e. regions where GDP per capita is below the 75% of the EU average. However, the European development policies have come under increasing criticism based on two facts: the lack of upward mobility of assisted regions and the absence of regional convergence. This paper assesses, using cross-sectional and panel data analyses, the failure so far of European development policies to fulfil their objective of delivering greater economic and social cohesion by examining how European Structural Fund support is allocated among different development axes in Objective 1 regions. We find that, despite the concentration of development funds on infrastructure and, in less extent on business support, the returns to commitments of these axes are not significant. Support to agriculture has short term positive effects on growth, but these wane quickly, and only investment in education and human capital which only represents about one-eight of the total commitments has medium-term positive and significant returns.
Rafał Warżała
The objective of this article is to analyze the impact of business cycle fluctuations on the regional labour market. The study is based on a less developed Polish region, i.e. Warmia and Mazury. Five variables are selected to describe business cycle fluctuations on the regional labour market: unemployment rate, number of employed persons, number of created jobs, number of unemployed persons who found a job, and the average gross wage. In order to eliminate the effects of seasonality as well as the impact of irregular factors, the TRAMO-SEATS method is used. For the business cycles estimation, the Christiano-Fitzgerald band pass filter is applied, and the Bry--Boschan procedure is applied to date business cycles turning points. The results of the survey imply that some of the labour market variables can be treated as leading, and others as lagged business cycles variables in relation to the reference series, i.e. output of industry.
Zoltán Gál
This paper examines the development of international financial centres (IFC) in Central and Eastern Europe (CEE). The study argues that the development of the financial services in CEE is characterized by external dependency, which is manifested in the form of hierarchical command and control functions over CEE financial subsidiaries within the West European IFC network. The paper quantitatively compares the factors of IFC functions of Budapest in comparison to those of Warsaw and Prague. It argues that despite the lack of market evidence showing signs of a regional centre focus during the transition period, there are some signs of IFC formation. The paper assesses the uneven impact of the global economic crisis upon CEE financial centres and confirms that their development trajectories became more differentiated as a result of the crisis. The steady decline of Budapest during the second half of the 2000s was accompanied by the rise of Warsaw. Our analysis concluded that Budapest, despite its earlier endeavours, most likely lost the competition to become an international financial centre.
Mikołaj Herbst
The goal of this article was to estimate the regional rates of return of investment in higher education as well as potential benefits of migration of educated people between Polish regions. The results show that the benefits of higher education in Poland are higher for women than for men. Also, wage benefits of education grow with age and work experience, but they are characterized by decreasing marginal value. Internal returns of investment in education, calculated for every region assuming no migration of workers, are weakly correlated with the expected salaries of university graduates. In turn, the returns of interregional migration for people with higher education indicate that the most attractive destination in Mazowieckie, and the least attractive – Podlaskie. A particularly strong motivation for migration is faced by educated women of Podlasie. The research demonstrated also that in some regions (Lodzkie, Lubuskie), the expected earnings of graduates are largely influenced by the opportunity to work in neighbouring regions, offering more attractive salaries.
Dominika Wojtowicz
The tourism sector plays an important role in regional economies. Its growth could become a driver of socio-economic development of different areas in Poland. The increasing number of visiting tourists has a positive impact on the labour market, and it stimulates entrepreneurship in other regions’ service sectors. Even though some Polish regions have great potential, there persist some substantial barriers to development of tourism: poor state of technical infrastructure, especially transport, significant dispersion of the sector, lack of tourism products, and poor promotion. As no separate policy dedicated to tourism is provided at the European Union level, the development of this sector can be financed from cohesion policy funds. The paper focuses on the use of EU funds for the development of tourism in the Warmia-Mazury region. The results of the analysis show a positive – albeit limited – impact of implemented projects on tourist attractiveness and on competitiveness of tourism sector firms. The effectiveness of the projects is limited due to low interest in cooperation in creating tourism products and to over-investment effects in some projects.
Grzegorz Gorzelak, Mikołaj Herbst, Agnieszka Olechnicka
Warmia-Mazury region, one of the poorest in Poland, faces the deepest (as compared to all regions of the EU) labour market crisis. The mixture of social and economic problems represents a huge challenge for regional authorities. The chances for fast improvement are limited by several factors, such as low quality of transport infrastructure, low innovation potential and productivity, large share of unskilled labour force, etc. One necessary condition of the improvement is the reform of public finances at country level. Nonetheless, regional authorities should undertake the activity in order to increase the potential of human capital in the region, e.g. by improving the quality of schools. While directly fighting unemployment more effort should be put on stimulating the demand side of the labour market and co-operation with NGOs.
Dagmara Kociuba, Małgorzata Bielecka

The aim of the study is to examine the impact of the amendment to the Municipal Self-Government Act (hereinafter: MSGA; Journal of Laws 2018, item 994) on the implementation of participatory budgeting (PB) in 2019 and 2020 in Polish voivodship cities. Using the desk research method, 36 PB regulations and over 3.4 thousand projects were selected for implementation in 10 categories: 1) sports (investment and other), 2) leisure and recreation (investment and other), 3) construction or modernisation of sidewalks, 4) construction or modernisation of streets, 5) pedestrian walkways, 6) parking lots, 7) lighting, 8) city bicycles (bicycle infrastructure), 9) modernisation of buildings, and 10) other (e.g. educational, cultural, training). Detailed studies were carried on the influence of legislative changes on: 1) financial mechanisms; 2) principles and organisation of the budgeting process; 3) generic structure of projects; 4) participatory budgeting model. In order to verify the results obtained, changes in the PB regulations not resulting from the MSGA provisions were additionally analysed. It was shown that the amendment to the Act had a significant impact on the implementation of PB in all the analysed cities. The changes mainly concerned the financial and formal-organisational aspects of participatory budgeting process. The most crucial ones include: increase in the size of the overall subsidies (in 15 cities), modification of the distribution of the financial means (9), introduction of letters of support at the stage of project submission (7) and appeal procedure (9). Among the “non-statutory” activities, the abolition of age limits in the remaining 7 cities should be mentioned. These activities brought positive effects on the increase in turnout (15), the number of projects selected for implementation (12) and their average value (13). On the other hand, the changes in MSGA did not affect the generic structure of the projects (in both years, in 10 cities the category “leisure and recreation” prevailed, and 1149 projects from this category were selected for implementation). The final unification of the PB implementation model in Polish voivodship cities has been completed. Finally, three modes of PB implementation according to the new rules were indicated: financial, procedural and combined.

Julita Łukomska, Katarzyna Szmigiel-Rawska
The paper describes an indicator constructed to measure financial flows between local governments in Poland. These flows are considered as the measure of local governments’ cooperation and of the strength of functional connections crossing administrative boundaries. The purpose of this paper is to present the scale and the subject of financial transfers between local governments and the factors explaining the variation of local governments’ financial cooperation. The biggest financial transfers take place in functional urban areas, but only in terms of current expenditures. Transfers of investments expenditures are higher outside these areas and are characteristic of less affluent municipalities. The strongest associate function is to provide transportation services: both in terms of current expenditures and investments.
Jacek Gądecki
The aim of the paper is to describe the material conditions of marginal gentrification in the specific context of the old part of the Nowa Huta district in Kraków. Nowa Huta was planned as an ideal city and is currently becoming an interesting and desirable place to live for new residents. The author focuses on the physical aspects of its gentrification and on the changes in the old part of the district, the local real estate market and the activities of residents-developers.
Aldona Standar

The objective of this paper is to present the role of the relationship between the location and financial performance of local government units. One of Poland’s largest voivodships, Wielkopolskie, was used as an example. Recent acceleration of suburbanisation processes not only results in socioeconomic changes in municipalities surrounding cities but also affects their financial performance. To attain the aforesaid objective, this study used variance analysis to investigate the significance of the differences in the financial ratios between the units analysed by location (measured as the distance of rural municipalities from district towns and from Poznań, the region’s capital). The research proved that the closer a municipality is to an urban centre, the greater its financial autonomy, liquidity and investments, yet at a higher level of debt. Also, the proximity to Poznań is a better determinant of the differences in financial performance than the location close to smaller urban centres.