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Slovenian economy in the grip of credit crisis – How to proceed?
19-25Views:270The Slovenian economy has been through steep ups and downs post-EU accession (2004), and is at the crossroads again. The period 2004–2008 was characterized by balanced monetary and fiscal policies resulting in the adoption of the Euro (2007), coupled with overheated economic growth and propelling corporate indebtedness, fuelled by rapid credit expansion from cheap and abundant foreign funding.
The global financial crisis has exposed the “home-grown” vulnerability of the Slovenian economy, bringing about the second largest GDP fall (9.4%) in the Eurozone after Greece, with a double-dip recession (2009, 2012–13). Growth rebounced in 2014 to 2.6% from its low, but the competitiveness of the Slovenian economy continued to slide in international rankings. For further recovery Slovenia, squeezed by high public debt at 82% of GDP, credit contraction despite EUR 5bn state aid injected into the 70% domestically (basically state) owned banking sector, and the continued threat of massive bankruptcy and debt overhang in the corporate sector, has 3 fundamentally different policy options.
− Profound restructuring of the banking system and the real sector, on the basis of earnest privatization and voluminous FDI inflow.
− Slow creditless recovery due to half-hearted reforms in the financial system and corporate sector.
− Substituting wide-ranging micro level restructuring with Government-stimulated credit expansion, reproducing current tensions in even higher magnitudes in the future.
In the current state of the Slovenian economy, equity-led growth, combined with far-reaching institutional reforms seems the only choice in laying the foundation for long-term sustainable economic development. This study outlines the critical further steps in re-invigorating the financial system, utilizing also the proposals elaborated by the author and his banking team for the Slovenian macro policy decision-makers.
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Analysis of the efficiency of higher education systems
207-214Views:248The aim of the higher education reform process both in Hungary and in the European countries is establishing a competitive, qualitative higher education. The Education Minister of our country regularly emphasizes in his statements that the quantitative changes of he past 15 years are completed, from now the emphasis must be on quality :„a degree in itself is not sufficient, the actual knowledge behind is necessary”. To achieve
this aim, the government carried out several changes in the field of higher education in the past years, one of them was implementing a budget support system in accordance with the performance of the institutions. The objective of the three year long support agreement between the state and the higher education institutions is considering quality parameters and outputs beside and instead of normative (input-based) support. The other occurent and debated issue is the introduction of tuition fees. Although this plan was rejected by the national referendum on 9th March, 2008, some weeks ago an amendment bill was passed, which would mean bringing tuition fees back in the system.
In my paper I am examining whether the efficiency of higher education systems are influenced by the extent of the contribution of the state and the private sector to their expenses. Furthermore I’d like to find the answer to the following question: Does it matter what principles and mechanisms play role by the distribution of the state support between the institutions of higher education. -
Relationships of Fruit Production and Regional Development in the Northern Great Plain Region
181-187Views:268The role of retaining population in agriculture is stronger and more significant in the long run in the North Great Plain Region compared to other regions. The region has a significant processing industry along with a good basis for producing raw materials, developed food processing capicity and high quality agricultural products typical of the region. The GDP in agriculture, forestry and game management is somewhat higher than the national average.
Variety is of cardinal importance when establishing the quality of horticultural products and determining the product value. The Hungarian breeding results of apple, quince, apricot, cherry, raspberry, red and black currant are promising.
The regulation system of EU the vegetable and fruit market is based on Retail Cooperatives Producers. With the establishment of national vegetable- and fruit production and retail organizations, the market regulation, production and quality development issues of the sector can be handled and solved. Reaching EU standards in fruit production can only be achieved with up-to-date plantation systems and breed selection. A key issue in development is establishing the required financial resources for investments and updating production. In order to reach these standards, significant state subsidies and good credit conditions are needed. By solving these tasks, the sector is expected to become self-financed without government help.
The pursuit of safer production, improving quality and increasing yields require the establishment of up-to-date irrigation systems. The improvement of family farms, motivating land concentration is necessary for increasing average size of plants. Establishing the above mentioned conditions is important since the vegetable-fruit sector is of great significance in the employment of rurally based population, improving their living conditions and executing rural development programs. -
Creating potential agricultural clusters in the Northern Great Plain Region
63-67Views:206The crisis of the hungarian agricultre is continuous since the ’80s. The compensation is made a dual farm system, which has created barriers to efficient agricultural production. It is confirmed by the economic indexes as well. But the most important natural resources of our country is still the land. Over the past 20 years, the government was not able to work out strategic aims and adequate system for the hungarian agriculture. In the past three decades the clusters has become the most common tool in economic development worldwide. Clusters always base on some local knowledge, and a country can be competitive on the industry in which the resources are concentrated. So the question is, is it possible to „clusterize” the
agriculture and through this develop the rural economic. -
Perspectives of the livestock sector in the Philippines: A review
175-188Views:4224The Philippine livestock industry is a vital component in the country's agricultural sector. It contributes around 18.23 percent of the gross output value in agriculture and provides livelihood to many people living in rural areas, signifying its importance with regard to the country’s economy. The constantly increasing demand for animal protein associated with the increase of the world’s population led to the intensification of livestock production, realized through the various initiatives implemented by the government, such as the import of high producing purebreds of various species. This strategy greatly influenced the country's animal genetic resource's diversity and increased food animals' population; however, it impacted the native breeds of food animals. Understanding the characteristics, performance and value of native and exotic breeds is essential to prioritize their livestock industry existence. Thus, this paper aims to characterize various native and exotic breeds of livestock in the Philippines and assess the current conservation of native animals.
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Effect of N, P and K fertilisers and their interactions in a long-term experiment on winter barley (Hordeum vulgare L.)
87-92Views:315The aim of this work was to analyse the effect of K, P and N supplies on the yield of winter barley in a long-term mineral fertilisation experiment with clearly distinct soil nutrient supply levels in order to develop fertilisation guidelines for winter barley growers. The experiment was set up in 1989 on a chernozem meadow soil calcareous in the deeper layers, applying all possible combinations of 4 levels each of N, P and K fertiliser, giving a total of 64 treatments.
The results of analyses performed in 2011 and 2012 can be summarised as follows:
- In 2011, when rainfall supplies were deficient in the shooting phase, improved K supplies (324 mg kg-1 AL-K2O) increased the grain yield, but in 2012, when rainfall supplies were more evenly distributed, K supply levels in the range 210–335 mg kg-1 AL-K2O had no significant influence on the yield of winter barley.
- An analysis of the P treatments revealed that, compared to the 119–133 mg kg-1 AL-P2O5 level (P0), better P supplies (186–251 mg kg-1) led to a significant increase in the grain yield.
- In both years rising N rates significantly increased the yield up to an annual N rate of 160 kg ha-1.
4. A K×N interaction could only be detected in the nutrient supplies of winter barley in 2011. The yield-increasing effect of N fertiliser was more pronounced at better K supply levels, while K fertiliser led to higher yields in the case of better N supplies.
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Evaluation of supporting in Derecske-Létavétes micro-regional area
179-188Views:214The occasion that joining to the European Union general several new opportunities which are supporting development, changes and increasing disadvantages. We tried to capitalizing these resources less or major rate in national and international level too. These opportunities are projects, tenders whose longterm effects are measured difficulty, it is a hard task. In spite of this fact I feel it has got basement importance to determine project activity forming future developments and ways.
In my study I deal with Derecske-Létavértes Sub-region. My aims to survey economic background of this sub-region, seeking contexts between economical factors, influential agents and project activity or results. In a settlement level it is essential what kind of supporting forms are available for entrepreneurs, civil organization, economic development and local government, what are the founds could be realized their development plans. -
Examination of the current and idel organisational culture and leadership elements at the municipalities of the North Great Plain region
117-125Views:300The connection between organizational culture and leadership has been examined by several researchers (Schein, Schmircik, Bass) and it is proven that there is a link between them. The leader shapes the organizational culture and at the same time the organizational culture shapes the leader too. The middle managers of local governments place the major emphasis on the dimension of goal orientation for the future. From the leadership perspective they find charismatic, goal and team oriented leadership necessary for the future.
The local governments have to answer the challenges of the rapidly changing environment. Quick responses and adjustments are only possible if the leader possesses a clear future vision and not only sets short-term goals but plans for the future and estimates the necessities on the long run. It is important to have a leadership with utmost dedication to the organization and to the objectives of the organization. The leaders must raise the interests of the employees, involve them in the process of setting goals and in finding ways to meet those goals, and that the employees should no longer strive to realize their own personal ambitions but focus on the common objectives. This brought transformational leadership to light.
The leader establishes and shapes the organizational culture but the individuals and teams working for the organization have impact on the organizational culture as well. This becomes apparent in the organizational culture as middle managers would place the major emphasis on performance orientation. Performance orientation is a dominant motivation based on excellence, hard work, pre-calculated risk, fore planning, goal orientation and regular feedback, which shapes the leadership too, as the leader has to change as well, in order to run the organization.
Scheins’ standpoint reflects the best the relationship between the organizational culture and the leadership. Schein claims that organizational culture and leadership are interwoven phenomena, as the leader shapes the culture but after a while the organizational culture itself shapes the leader too.
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The Aalborg process and its Hungarian connections
5-14Views:179The four European Conferences on Sustainable Cities and Towns gave birth to documents that are important from the point of view of local sustainability. These are, in chronological order, the Aalborg Charter – 1994 Aalborg, the Lisbon Action Plan – 1996 Lisbon, the Hannover Call – 2000 Hannover, and the Aalborg Commitments – 2004 Aalborg. Throughout the process, the emphasis gradually moved from planning to the implementation of plans.
Today, there are more than 2000 signatories of the Aalborg
1A tanulmány az OTKA T-046704 sz. pályázatának támogatásával készült.
Charter. The cutting edge of the process are Italy and Spain, the municipalities of these two countries add up to 80 per cent of all signatories. In both countries, the national commitment is given, but there is not a body that could coordinate the activities related to sustainability, so local governments play the major role in it. The constitutions of these two countries also pass on some duties that are relevant from the point of view of sustainability within the competence of local governments, and allow resources to implement them. In the case of the United Kingdom, the commitment of the national government, and especially the Prime Minister, is the major factor in the movement towards local sustainability.
The former socialist countries in Europe, as well as Hungary are relatively underdeveloped economically, so the social and environmental pillars of sustainable development are pushed into the background behind the economical pillar. As a result of the lack of national commitment, there is no guidance and there are no case studies available, so only a small part of local governments are informed of this important international movement, and so are committed to it. The lack of resources is also a problem. The consequence of all this is that there are 35 municipalities from the Eastern European countries that joined the EU in 2004, and only four from Hungary – to mention by name Aba, Kecskemét, Monor and Nagykanizsa – that signed the Aalborg Charter. -
Energy use – in terms of efficiency
61-66Views:394In the recent decades it has become apparent that the human race can lead to a polluting and energy- wasting lifestyle and the depletion of natural resources and an ecological disaster as well.
Energy efficiency is the realization of the chance to see a wider use of renewable energy. Renewable energy sources can be found in large quantities in Europe. A proper exploitation of these would be important because of the "traditional" energy sources’s sate is very critical in many ways.
The utilization of renewable energy sources depends on many factors. The local natural conditions significantly determine each country's different renewable energy potentials. I find to be important the natural conditions, such as, solar radiation intensity , the number of sunny days per year, the wind conditions , the volume and their energy characteristics of the geothermal power resources , land features , soil and rock quality, the supply of fossil fuels or the nuclear possibilities of energy production. The economic environment is also a major influencing factor for the utilization of renewables. The conditions of price of fossil fuels (natural gas, oil and coal), the price of nuclear fuel production and other energy costs significantly influence the demand for renewables, as well as the level of subsidy and government tax policy. In addition, the international and national programs, objectives, strategies, subsidies and regulatory measures as well as technological factors can have a significant impact.
In my paper I point out the opportunities of renewable energy should be given to live. Nowadays the positive effects of their use is undisputed. In addition to the environmentally friendly produced energy, we should strive for energy conservation and energy efficiency as well. These expectations appear in practice, which can be directly perceived by citizens, in fact we should live accordingly. Furthermore, the environmentally relevant regulations of living conditions should appear as environmental demands.
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Development and Economic Benefits of Open Source Software
161-168Views:179This paper discusses open source software which became one of the most important trends in the software industry recently. The most often asked questions in this area are those related to intellectual property rights. The author used a more general approach and tried to give a survey of the advantages and disadvantages that the market players (developers, government and last but not least users) have to face.
After sketching the history of open source software and discussing some of the prevailing definitions, we turn out attention to the starting point: what motivates the developers? Then we give a general overview of the advantages and disadvantages of open source software. In the next part, the author analyses the software policies of the EU partially based on the abovementioned advantages and disadvantages. Finally the paper concludes with the discussion of user benefits and costs. -
New challenges the establishment of district governmental offices and the regional public transport organising in Hajdú-Bihar county
87-91Views:234The re-establishment of historical district government offices in the Hungarian public administration system will ensure the availability of the provided public services on an integrated, citizen-friendly level. Reorganising of district borders and changing the district centres as well the settlement new administration services in the central cities will predictable restructure the citizens public transport attitudes. This study deals with the motivation, quantity and direction of the possible modifications on the public transport demand in Hajdú-Bihar County. The study goals to present the possible public transport organising interventions, and to find a balance between the changing demand and the regulation provided public transport instruments.
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Inhibitive factors of the Local Agenda process in Hungary
151-157Views:168The concept of sustainable development is one of the most fashionable concepts in the world nowadays, but Hungary – 15 years after the Rio conference – is still far behind the times: it is the only country in the EU 25 that has not prepared a national sustainable development strategy.
The situation is not encouraging in the field of local sustainability either. Although there are initiatives that can be described as ones that were prepared in the spirit of local sustainable development, no municipalities have working, formulated sustainability strategies.
One of the most important messages of sustainability is that the consultative process between the local government and the community can have far reaching consequences, which can influence the municipality’s life for a long time. In my paper, I explore the inhibitive factors bearing this duality in mind, as the lack of top-down initiatives together with the low number and the low support of bottom-up approaches have led to this image which is not too flattering for Hungary. I also aim to show, through the example of other countries, how these inhibitive factors can be reduced.