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Macroeconomic Analysis of Expenditures on Education as Human Capital Investments
520-530Views:134The importance of actions on adaptation to economic change associated with the knowledge-based economy has continuously grown both regional and national level. Individuals' flexibly adjust and the knowledge acquired in all forms of education is very important factors in the evolving knowledge-based economies. We examine the fiscal and private expenditures on education among OECD countries between 2005 and 2013, and we analyse the development of education expenditures with particular attention to Hungary.
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Do Changes in the Economic Role of States through Privatization matter?: The Brazilian Case
125-136Views:154In market economies, the subject of scientific research is the extent to which the state can contribute to the sustainability of development. However, the question is to know where the boundaries of the market and the role of the state lie. The study briefly introduces different views of the state's economic role and how states have changed the proportion of their entrepreneurial assets. Among these, it highlights privatization, which is one of the significant segments of today's economic policy practice at both micro and macroeconomic levels. It then describes Brazil's economic circumstances that led to the formulation of a proper size privatization program. Finally, the socio-economic factors that, according to the author, make the realization of Brazilian privatization plans uncertain presented.
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Development Lies in Corporate Processes
358-369Views:234Nowadays, our rapidly evolving world is characterized by constant change. Organizations need to be prepared and responsive to these systematic changes to compete in the marketplace. Today nothing is constant or predictable because the organization is driven by the "3 C" force (customers, competition, change). Rapid adaptation to ever-changing circumstances requires companies to move from structured organizations based on traditional functions to process-based management. By using state-of-the-art process management procedures, organizations can be made transparent, analysable, measurable, and continually improving, and help companies increase their performance and organizational flexibility, and reduce costs. It also helps to recognize when it is necessary to change a process for an effect. In the event of creating well-organized processes, companies are more responsive to changes in the market, allowing them to operate more efficiently, and to carry out development activities easier. Nowadays, development as a new framework focuses primarily on digitalisation, which is challenging for companies to adapt but without this, they would be left behind in the competition. These challenges require radical changes and transformations in the lives of many organizations, which are difficult to achieve. With the development of process-based enterprise management, not just multinational companies can improve their operation, but small and medium-sized enterprises can also move towards digitalization thus inducing development for not only their own but for the economy as a whole.
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Presentation of Employment and Economic effects of the Covid-19 Epidemic between March and November 2020 among Companies Dealing with Car and Parts Trade in Szabolcs-Szatmár-Bereg County
80-92Views:431The outbreak of the COVID-19 pandemic during the spring of 2020 entailed major economic and social changes all over the world. In this study, we aim to investigate the impacts of the COVID-19 pandemic on the labor market and the economy with relation to the automotive industry in Szabolcs-Szatmár-Bereg County. Apart from secondary data collection, this research also relies on primary data collection methods, including self-administered questionnaires and in-depth interviews, all conducted with several employees and finance directors employed by the automotive companies present in the county. The focus of this research is to study how the pandemic affected the balance sheets and the gross revenue of these companies; how it altered the repayment obligation of their current loans and how it influenced their willingness to enter into new loan agreements or relief options offering financial assistance. Apart from these factors, this research also studies how the pandemic restrictions affected the work schedule and the benefits of the employees.
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Talent Management in International Practice Through the Example of Europe and China
454-464Views:261The reason behind is that they have their own principles, strategic goals and industrial environment that they have to manage on daily bases. The current labour and talent shortage across Europe forces local companies to supply their demand of manpower from foreign countries – encouraged by the ’four freedoms’ of the EU. In consequence of the globalisation, we have to keep in mind that running a talent management system has its challenges. For instance, employees with different cultural background might have unconventional needs. Due to the cultural, demographical and economical differencies, we must know the structure of our labour force to use the most beneficial tools to induct, motivate or retain our human resource. The aim of this research is to analyze Europe’s and China’s talent management systems to reveal similarities and differencies between them and pick the most notable ones. From the point of comparison, analysing China would be important for European countries to discover further possibilities, as nowadays China has one of the most dynamically developing economy with enormous population behind. The primary result of the research is that deficiency of talent is irrespective of the size of the population and it causes difficulty in both European and Chinese fields, therefore it proves to be a real and general challenge needing attention at organizational level. Furthermore, identifying regional patterns considering peculiarities, the framework of talent management systems can be defined and be found summarised in the article.
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The Possible Job Creation and Job Destructive Effects of Technological Development
53-61Views:308Throughout history, technological change has often provided the basis for employee anxiety. Between 1811 and 1816, a group of workers in England who called themselves "Luddists" destroyed machines, because they thought it would endanger their workplace. 19th-century thinkers and economists such as Karl Marx and David Ricardo predicted that mechanizing the economy would ultimately worsen workers' conditions, depriving them of a decent wage. Over the last century, John M. Keynes (1930s) and Wassily Leontief (1950s) have expressed their fears that more and more workers will be replaced by machine solutions that will lead to unemployment. In recent years, Brynjolfsson and McAfee (2014) have argued that existing technologies reduce the demand for labor and put some of the human workforce at a permanent disadvantage. However, there are a number of compensation mechanisms that can offset the initial displacement effects of automation and process innovation in general (Vivarelli, 2015). First of all, while workers are being replaced in industries that introduce new machine technology, additional workers in new industries are needed. Second, automation (and process innovation in general) reduces average costs. Acemoglu and Restrepo (2017) found that this results, on the one hand, in the effect of price productivity (“priceproductivity”) (as production costs decrease, the industry can expand and increase labor demand); and, on the other hand, it leads to economies of scale in production (the reduction in costs due to automation leads to an increase in total output and increases the demand for labor in all industries). Similarly, Vivarelli (2015) argues that lower average costs can result in lower prices (if the industry's market structure is perfectly competitive), stimulate product demand, or result in extra profits (if the industry's structure is not perfectly competitive). If these extra profits are reinvested in the company, this investment can create new jobs. The presentation intends to present these counterbalancing cases and to provide real examples based on the literature.
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Control of Metal Trading Activities, in Particular the Purchase of Scrap Metal
457-465Views:143Over the past decade, the metal trade was a frequented area of the black economy. The transformation of the legal background of registration and reporting obligations has played an important role in the change of the situation. There were several steps taken to whiten metals trade such as introduction of the reverse charge, then a few years later, the possibility of nationalization, the metal Act and the related decree. From the impact of all these the authors introduce the influence of registration and reporting obligations related to certain acquisitions of enterprises engaged in metal trading activities.
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Comparison of R&D innovation indicators of the visegrád group
162-172Views:74Innovation is a crucial strategic issue not only for businesses to maintain and improve competitiveness, but also has paramount role at a macroeconomic level how a national economy is able to contribute to the national division of labour. Innovation and research and development are particular and even more crucial in post-socialist countries which are trying to catch up with Western Europe in an economic point of view. We compared countries in the Visegrád Group in the study regarding their innovation indexes, R&D indicators and corporate innovations. These indicate that countries in the Visegrád Group are lagging behind the European Union. The Czech Republic ranks the first place in almost each aspect among the countries in the Visegrád Group. As for time series indicators, there is a steadily improving tendency in R&D. Regarding measuring innovation and R&D, it can be concluded that perfect method and scorecard are not available, indexes based on varying methods may generate different results and decision taking only one index into consideration cannot be made in business practice. In my opinion, R&D indicators are dominant to a large extent in comprehensive innovation indexes that might be misleading in the assessment of innovation (particularly in corporate innovation).
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The Factors of Digitality and Sustainable Competitiveness in the Domestic Context
217-226Views:171The recovery of international relations and the development of technology are in correlation with the increasing globalization tendencies. These processes increase the interdependence of countries, but also the competition between them. The factors of competition are constantly changing and being revalued. As a result new elements appear in addition to the traditional elements, and there are assimetries between existing components. The economic performance of a country increasingly depends on the knowledge and technology, its economic success on the use of knowledge. The purpose of the study is to present and analyze the proxies that define and shape the role of Hungary by IMD Competitiveness Research Center and by the complex indicators developed by Korea-based SolAbility. It also draws attention to all the factors that will significantly effect our country's economy in the future.
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The Economic and Social Effects of the COVID-19 Epidemic in the European Union over the Past Year, Especially in Hungary
67-79Views:1894The apparence of the COVID-19 pandemic at the beginning of 2020 affected all countries in the world, entailing major changes in everyday life. In our study – in a one year perspective – we summerize the socio-economic effects of the COVID-19 pandemic on various economic sectors and their consequences for the European Union and Hungary. As a result of the pandemic restrictions the role of some sectors were decreasing considerably, while on the other hand the other sectors emerged and underwent a significant improvement. The growing trend of working from home, as well as the decline of the tourism, the catering service and the entertainment industry has led to a change in the behavior of the population. . Changes during the pandemic period led to an increase in wealth inequalities.Changes during the pandemic period led to anincreas in economic inequality. The transformation of consumers’ values and income situation is having an huge impact on all sectors of the national economy. When reflecting upon the current situation, the following questions arise: When will the declining businesses be able to recover? Will they be able to achieve their pre-pandemic profit level, and if yes, how long will it take them?
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Digitalization Process by Agricultural Companies, or the Results of a Questionnaire Survey
625-636Views:251The term “information society” first appeared in Japanese social science in the early 1960s (Z. Karvalics, 2007). The interpretation of the concept has undergone significant changes over the past decades, showing that dynamically developing societies, which are undergoing constant changes due to the rapid development of information, information management and the dynamism of the digital world. The close relationship and connection between information and information technology has become a fundamental factor in the societies of today, the organizations life, which generates inevitable, sometimes serious debates and profound changes. Economic operators must necessarily be resilient to technological change. We should think of the time of the Industrial Revolution, when modern weaving machines flooded the factories. Otherwise, a resilient organization will not survive in an evolving and ever-changing dynamic economic environment. Of course, this is true of agriculture as well, just as it is for other sectors of the national economy. On the one hand, my assumption on the basis of which my questionnaire was compiled was that enterprise management systems are increasingly used by enterprises in agriculture due to the diversification of activities. At the same time, I assumed that the size of a business could influence the use of information technology (hereinafter IT), so I hoped that my research would provide reliable data on this as well.
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The Role of Health Protective Effect in the Food Purchase of the Population
181-189Views:107In our homecountry just like in other developing countries, civilization diseases can be realized not only as individual costs but also through social security expenditures and from the expenditure side of the national economy. The main risk factors for the spread of civilization diseases include inadequate food consumption, lack of physical activity and genetic conditions. The topic of this research is the role of health food in daily nutrition and in buying food for the population, which addresses current issues and concerns as described above.
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Green Sports Products – Environmentally Friendly Efforts of some Sports Equipment and Sportswear Manufacturers.
45-61Views:132In today's world, the issue of sustainability has become a cardinal problem on a global scale. The question of sustainability affects society, health, the economy, and the environment to a large extent. The examination of the environmental aspects of sustainability at the points where the sports sector interacts with the environment is considered a basis for research, and an increasing number of international studies and literature deal with this topic. Sports equipment and sportswear manufacturers operate through high numbers of multi-level global supply chains. They constantly strive to meet sudden changes in consumer demand, which results in high demand for raw materials and resources, waste and greenhouse gas emissions, and water consumption, all of which contribute to the most harmful environmental effects.
The aim of this study is to present the environmental protection measures of Nike, Adidas, and Under Armour, multinational manufacturers of sports equipment and sportswear, aimed at raw material usage, waste management, minimizing water consumption, and reducing their carbon footprint, which they are increasingly applying as part of their business strategy.
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Can the local government in Hungary be the appropriate local level framework for environmental sustainability?
32-45Views:114During the search for the framework for environmental (respectively social and economic) sustainability, the importance of local action / decision-making has been formulated several times. At the same time, the capability of local government structures is questioned from several aspects. Local governments today are not necessarily a proper legal-administrative framework for sustainable development, for example because the population of a sustainable local community (conceptually) and of a larger settlement (by size) does not coincide. However, the (partly networked) environmental policy system of the municipalities transcends the administrative area of the settlement, where appropriate, a larger area (agglomeration, city areas, etc.), connecting several actors and activities. The paper seeks to clarify this issue in two rather different but interrelating ways. The first approach is geographically rooted and examines the local government system and the spatial structure of the Hungarian state through environmental economics and environmental policy. The second question is about structural links, namely the problems of local governments potential for infrastructure development and the structure of the local economy. The paper concludes that municipal functions - administration, ownership, public service organization - are all concerned with environmental protection. Considering that many of the processes that are relevant to sustainability are taking place in settlements, so serious changes are needed at this level as well. In this context, cooperation between local and central government levels and the active involvement of (local) society can not be dispensed with, but the current mechanisms are hindering progress.
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Entrepreneur Willingness in Case of Students of University of Debrecen
181-194Views:193This article is about the entrepeneur willingness in case of the students of University of Debrecen. There was 500 participants in the paper and online based survey who could tell their opinion about entrepreneurship in Hungary, what difficulties are they seeing and which part of the economy is where they see opportunity to start their own business. The aim of this article is to get to know how many of them and with what rate would like to start their own business, while it is examined they are from which faculty of the University, what is their family background and these facts how effects on the individual if his or her family owns some kind of business.
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Monitoring of the Corporate Competitiveness Effect of Tourism Support
603-616Views:161Today the tourism is without doubt strategic of importance in the world. In Hungary's case can be related, that contributes to the performance of the economy largely, and its role is very important in the employment, too. Because of national economic weight it is suitable to analysing, but for the sake of complexity the consideration of economic performance, competitiveness exceptionally complicated task. The two sections are attached most directly, the performace is measurable through the accomodation service and hospitality. Present study does not intend to measure the performance of whole tourism section, the aim is from a corporate side, measure the corporate competitiveness from accountancy datas, the examination of part. The object of the actual examination is monitoring of the profitability effect of tourism supports through the example of 8 companies.
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On Institutional Services from Foreign Students’ Perspective – What Makes a Higher Educational Institution Multicultural?
343-363Views:123Higher education is of the utmost importance in terms of the competitiveness of every nation, including the Hungarian economy, therefore it is considered determinant for the future to survey student mobility of foreign students pursuing their studies in Hungary. Demographic decline that is characteristic to Hungary, already makes its influence felt in higher education, therefore internationalisation of institutions is of essential importance in terms of their operation and sustainability. Currently, it cannot remain unmentioned that it is a question of vital importance for domestic higher education institutions – and this process might only be further strengthened in the future – how they are able to compensate declining domestic demand by making their workshops attractive to foreign students and researchers.
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Opportunities in circular agriculture
17-23Views:237Water is the source of life. For the long-term preservation of water resources it is very important to develop sewerage and sewage treatment. Sewage sludge is not primarily a waste that needs to be disposed of but also a secondary raw material or a renewable energy source. Municipal sewage sludge, and sewage sludge composts, contain relatively large quantities of organic matter, so agricultural utilization can be a major potential of its use. The transition to sustainable agriculture is becoming more urgent and increasingly important as it can provide a solution that looks to the future. Sustainable agriculture should work according to natural law, so it should be self-sustaining, that means, cycles, where in to one process the waste created can be used as raw material in the other process. The beneficial effects of sludge on soil include increasing soil organic matter content, increasing soil fertility, nutritional capacity, microbiological activity, and complex fertilizing effects. However, when is applicated, there is always a problem with the occurrence and accumulation of toxic elements and drug residues. The traditional model of economic activity is the linear model. This model ignores the high economic social, and environmental costs of exploiting, transforming and removing of the resources therefore it is not sustainable in the long term. The circular economy offers an alternative model in which the products materials and resources are maintaned as long as possible and the amount of waste is significantly reduced or lost. It is also possible adapt the overtuned ecological, biological balance of agricultural production systems, with a closed loop circular model. According to this model, the development of tillage technologies and the restoration of organic materials and nutrient supply are possible.
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Civic Organizations, Sports Civic Organizations and the Control
289-299Views:213Control, az a managerial function cannot be considered as one of the most frequently preferred examinational topics, and it is also valid for the matter of civic organization. Nevertheless, we must not forget about the increasing number and intensive non-profit sphere after the change of the regime, where the civic sphere inside has become determinant. In 2017, 15,2% of the 61 151 nonprofit organizations had a sport profile, and this ratio is higher, 16,2% regarding the 53 613 classic civic organizations (including only associations and foundations). The specialty of these organizations is the strong relationship with subsidies, and it seems that it has turned into subsidy dependence by now (2/3 of the incomes are subsidies), as a conclusion from the data of the Hungarian Statistical Office. This topic may also become sensible in a way, when an organization cannot account the received subsidies or cannot meet expectations of the judicial expectations, which all raises managerial control related concerns. It also highlights the relationship between civic organizations and control. In this study, we aim to cover some relevant specifications of the topic through the control, as a managerial function, and based on the results we may conclude that a higher ratio of organizations cannot really perform by the expectations.
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The Relationship Between Renewable Energy Consumption, Net Energy Import, Greenhouse Gas Emission and Human Cap
58-71Views:160The measures to improve energy efficiency and increase of renewable energy production and consumption should be encouraged in the interest of sustainable development. Many factors can influence the use of renewable energy such as the level of economic development of an economy, nationals’ and the main economic actors’ environmental awareness, energy import dependency, ratio of the urban population, and government subsidization intensity among the others. The main purpose of this study is to examine the relationship between the share of renewable energy in the total energy consumption and net energy import as a percentage of energy use less production, greenhouse gas emission per capita and human capital using by OECD countries data from 1990 to 2014. The results indicate that there is a negative relationship between net energy import and renewable energy consumption, and also negative relationship can be shown between the amount of greenhouse gas emission per capita and renewable energy consumption. However, we identified a positive relationship between human capital and renewable energy consumption for energy importer countries above a certain level of human capital.
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The Efficiency of Intellectual Capital as a Crucial Factor of Innovation
419-428Views:244In today's global economy, there is a substantial shift from manufacturing to services, which challenges both economic policymakers, business stakeholders, owners, suppliers, competitors, and ordinary people: restructuring will encourage all economic players to learn how to adapt to new trends. That is why our research focuses on innovation and the ability of companies to create value. The IT sector is currently one of the fastest-growing and most innovative sectors within the service industry. The success of IT companies is greatly determined by their ability, how to make effective use of their intangible assets at their disposal, including intellectual capital, which is defined as a non-financial asset. So the question may arise: how is it possible to quantify and in monetary terms the intellectual capital of the companies to be examined? That is why, we calculated for the most successful Hungarian IT companies the widely recognized index, the VAICTM index, for which domestic calculations are not yet available. Indeed, this indicator eliminates the lack of information stemming from reporting standards by the methodology relying on publicly available financial reporting data. The indicator itself is a top indicator whose two main sub-indicators quantify the effectiveness of intellectual capital and physical capital.
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Operating a Webshop in Rural Areas
242-251Views:199The importance of e-commerce in Hungary is unquestionable. 66% of the population is regular internet users (I3), every fourth person uses it on a daily basis. Online sales have increased from 137 billion HUF in 2010 to 427 billion HUF in 2016, while offline sales were not able to reach this growth (I1). Undoubtedly, online sale has become a very valuable market. The age group really valuable as consumers spends about 6 hours a day online, out of which 3 hours are active usage (I2). The Internet is also the most important source of information and keeping in contact, as 41% of the population uses it method. The availability of the Internet in Hungary is literally independent of the geographic location, thanks to the Digital Renewal Action Plan in Hungary's current strategy, as one of its main chapters is "Enhanced and Secure Infrastructure for All." (Botos 2013) plan. There are many unfavorable processes in Hungary's rural areas. Of these, emigration and the abandonment of the local economy are outstanding. To stop these processes, the "National Rural Strategy" (2012-2020) was created. Its most important areas are employment growth, balanced and diverse land and forest management, production structure, restoration of local food production and food markets, local energy production, strengthening the local communities, improvement of population patterns and conservation of natural systems and the biodiversity. The integration of rural economies into the on-line marketplace and their linkage to different DBEs not only vertically but horizontally can be one of the keys to their survival and development. The situation of businesses on the on-line marketplace in the countryside is very special. On the one hand, they are more favourable in many aspects of their operation, but in some cases they have disadvantages that fundamentally threaten their survival. The purpose of this article is to get to know this environment, map its benefits and drawbacks. For this, we use the results of in-depth interviews conducted with businesses operating on an on-line market in rural settlements.
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Servant, Ethical and Authentic Comparative Analysis of Leadership Styles in the Light of the Challenges of the BANI World
1-10Views:32In a globalised and accelerated economy, managers are under increasing pressure to reconcile organisational goals that are independent from human being with the reality of human relationships. The human being, as a being with intellect and senses striving towards happiness, is the focus of positive leadership styles and is their major concern in the field of management theory. In this article, three such positive styles, authentic, servant and ethical leadership principles and their operating conditions are compared using international literature. The literature time span of about two decades shows that the evolution of the ethical leadership literature has slowed down, while the authentic and servant leadership literature has continued to evolve and is still evolving today. The comparative table that appears in this study highlights both commonalities and distinctions, in that, in addition to high moral and ethical standards, the authentic style focuses primarily on the person of the leader, the ethical leader on the ethical standards of the organisation, while the servant leader focuses on the development of the well-being of the subordinate, the other person, even through self-sacrifice. We intend to use the results of this research to investigate measures of positive styles, preparing the scientific ground for future primary empirical field studies.
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Exhaust System Muffler Volume Optimization of Light Commercial passenger Car Using Transfer Matrix Method
132-138Views:183Nowadays, the automotive industry is focused on weight and size reduction. Main advantage of this weight and size reduction are improving the fuel economy. The specific fuel consumption of a vehicle can be improved through e.g. downsizing area of heat loss, if we focus on vehicle with weight reduction. Weight reduction can be done by replacing material or by changing the size (dimensions) of components. In the present work we have focused on Audi A6 muffler, troubleshooting and optimizing the muffler by changing pipe length of inlet and outlet, also by replacing the original mesh plate to porous pipe. Based on optimization, prototype has been built with the help of 3D design tool CATIA V5 and the calculations of transmission loss (TL) have been performed by MATLAB. Plane wave-based models such as the transfer matrix method (TMM) can offer fast initial prototype solutions for muffler designers. The principles of TMM for predicting the transmission loss of a muffler was used. Result of this present study of an existing muffler has been analysed and then compared with vehicle level test observation data. Noise level have been optimized for new muffler design. Other literatures were played significant rule for validate our results.
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R&D infield of “Waste-to-Energy”in Institute of Raw Materials Preparation and Environmental Processing, University of Miskolc
49-57Views:118The importance of research and development in the field of „Waste-to-Energy” is vital in our modern society trying to establish the circular economy. Such R&D activity has been carrying out at Institute of Raw Materials Preparation and Environmental Processing for decades in several directions. This paper deals with the main results of research on refuse derived fuel from MSW, biogas production, briquetting of biomass, as well as production of fluid fuels.
