Saleh Mothana Obadi, Matej Korček - ANALÝZA VÝVOJA ENERGETICKEJ BEZPEČNOSTI EÚ SO ZRETEĽOM NA ROPU A ZEMNÝ PLYN (Analysis of Energy Security Development of the European Union with Focus on Crude Oil and Natural Gas)
Abstract: The importance of energy security issues as well as the energy sector itself recorded significant growth of interest during the first decade of 21st century. This was caused by well-known facts of growing energy demand from the side of developing countries, by rising fossil fuels price, and by increasing public environmental awareness. Especially the issues of national capabilities of securing the adequate energy resources for acontinual economic flow and growth of national economies represent the commitment for stakeholders at the level of managing national and supranational economies. In this paper, using two modifications of Herfindahl-Hirschaman index (HHI), we tried to analyse development tendencies in case of energy security of EU-27 countries and provide the interpretation of this development in relation with contemporary developing trends on crude oil and natural gas markets. In the first part, we used HHI to measure concentration of suppliers on EU market and to analyse the politics and moving forces in this area. The second part is dedicated to analyses of EU exposure to risks coming from concentration on global markets of oil and natural gas.
Keywords: energy security, concentration index, crude oil, natural gas, energy mix
JEL: O 13, P 28, P 48, Q 4
str./pp. 7-26
Denisa Čiderová, Vladimíra Repášová - GEO-ECONOMICS OF THE EUROPEAN UNION IN G-20 CONTEXT: FOCUS ON TRADE (Geo-ekonomika Európskej únie v kontexte krajín G-20: zameranie na obchod)
Abstract: In today’s global world economic priorities of acountry take precedence over political interests. The new era of geo-economics has its own effects on the European Union (EU), too – intensifying cooperation among EU member states has either reflected their national interests, or developments in the global environment affecting prospects of their future prosperity. Geopolitical interests of the EU ensure peace across the European continent and geo-economic priorities seem to be prominent in EU actions. Global geo-economic balance is the outcome of rivalry between (or among) super trading blocs rather than between (or among) individual countries. The aim of this article, therefore, is to scrutinize recent developments significant for negotiations on the European level in the G-20 context from the perspective of the EU as aregional as well as aglobal actor. Yet, due to the complexity of the issue focus will be just on trade and its potential for the EU seeking aboost for its economic growth.
Keywords: geopolitics, geo-economics, G-20, EU27, EA17, free trade agreements (FTAs)
JEL: F 13, F 14, F 15, F 51, F 60
str./pp. 27-49
Eva Muchová, Marek Kálovec - DLHOVÁ KRÍZA V EUROZÓNE – TEORETICKÉ POHĽADY A EMPIRICKÉ POZNATKY (Debt Crisis Analysis in Eurozone – Theoretical Views and Empirical Findings)
Abstract: The paper deals with the debt crisis in the euro area, with emphasis on the development of the peripheral economies. The first section presents the theoretical approaches to the debt crisis. The second part focuses on the particularities of fiscal policy in amonetary union. The third section focuses on theoretical background for empirical analysis of the conditions of long-term sustainability of the debt burden. The paper results in the fourth section presenting the findings of analysis for selected countries (Greece, Ireland, Portugal, and Spain). The results of empirical analysis support the idea of the monetary union as aproject that was in the beginning political one and contributes to the significant fiscal imbalances accross monetary union. The analysis supports argument that the current model of the eurozone is unsustainable in the long-term perspective.
Keywords: debt crisis, eurozone, fiscal discipline, debt sustainability
JEL: F 41, F 02
str./pp. 50-64
Štefan Majtán, Soňa Nemečková - MARKETING FIRIEM PÔSOBIACICH V GLOBÁLNOM PROSTREDÍ (Marketing of Firms Operating in Global Environment)
Abstract: Even nowadays, the marketing decision dilemma about the standardisation and local adaptation to foreign markets still remains relevant. However, under conditions of an increasing globalization, it acquires different context, which should be taken into account. Their examination is the subject of this paper. We analyse the behaviour in this specific area on aselected sample of companies operating in the Slovak Republic. Results are presented for the research sample in their entirety and according to identified interrelations. We have searched systematically for relations between identifiers of companies and selected answers in the questionnaire as well as between these answers with each other within the individual parts of the questionnaire. Some conclusions are presented in graphical and tabular forms.
Keywords: globalisation, global environment, marketing, standardisation, local adaptation.
JEL: M 31
str./pp. 65-76
Martin Grančay, Nóra Szikorová - VONKAJŠIA EKONOMICKÁ POLITIKA ŠTÁTU A REGULÁCIA MEDZINÁRODNEJ LETECKEJ DOPRAVY – ŠTATISTICKÁ ANALÝZA A STAV V EURÓPSKEJ ÚNII (External Economic Policy of State and Regulation of International Air Transport – Statistical Analysis and State-of-the-art in the European Union)
Abstract: The aim of the paper is to determine whether there is astatistical dependency between acountry’s foreign trade policy and its international civil aviation policy. We use trade tariff restrictiveness index TTRI and overall trade restrictiveness index OTRI as proxies for the level of acountry’s protectionism in foreign trade. We apply weighted air liberalization index WALI as aproxy for the level of acountry’s protectionism in international aviation. Correlation analysis shows no evidence of astatistically significant link between the variables. That confirms the view that civil aviation is aspecific sector and is subject to specific policies. In the latter part of the paper, we look at the air liberalization indices of the EU member states and analyse why they differ.
Keywords: air transportation, liberalization index, foreign trade, correlation analysis
JEL: L 93, F 13
str./pp. 77-88
Karol Trnovský - ASPEKTY OŽIVENIA RASTU EKONOMIKY SLOVENSKEJ REPUBLIKY (Aspects of Growth of Economic Recovery of the Slovak Republic)
Abstract: One of the topical issues is the effect of crisis on acountry’s GDP. After a sharp downfall in economic growth, the country enters into the recovery phase. Such arecovery proceeds in various ways. Areturn to pre-crisis levels may not be the case. The specific nature of the current crisis may cause long-term damage to natural market processes. The actual shape of the recession and subsequent recovery is equally important. The slope of the economic cycle in troubled years points to the seriousness of the situation and predicts the length of the economic recovery. The analysis of the model data of the Slovak Republic between 1997 and 2008 were used. Pre-crisis trend was compared to the macroeconomic forecasts of public institutions until 2015.
Keywords: economy’s performance, forecast, global economic crisis, economic recovery
JEL: B 50, H 70, K 40
str./pp. 89-100
RECENZIE/REVIEWS
Juraj Mišún
ZUZANA ROBY – KATARÍNA PROCHÁZKOVÁ: Medzinárodný manažment a medzinárodné podnikanie. (International Management and International Business. Case Studies) Prípadové štúdie. Bratislava: Vydavateľstvo EKONÓM, 2012, 116 s. ISBN 978-80-225-3493-2.
JEL: Y30
str./pp. 101-102
Zuzana Littvová
ANEŽKA JANKOVSKÁ – ANNA MAJTÁNOVÁ – JÁN PETRENKA – OTTO SOBEK – KAROL VLACHYNSKÝ: Finančný slovník výkladový. (Glossary of Finance) Bratislava: Iura EDITION, 2012, 502 s. ISBN 987-80-8078-469-0
JEL: Y30
str./pp. 102
