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Number of results: 6
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Abstract

Spatial Structures of Financial Transfers to the Budgets of Municipalities in Poland in 2007-2015. The purpose of the submitted paper was to analyse and assess the budgetary income of local self-government units in Poland. The scope of the study was focused on the main categories of revenue being transferred from the state budget to municipal budgets, which were significantly influencing the financing of public tasks at the local level. On the basis of the conducted research it can be stated that the increase of the income of municipalities due to participation in personal income tax, which significantly influenced the incomes of municipalities, should be considered as particularly important. This phenomenon was undoubtedly the result of the influence of many economic, social, legal and administrative factors. It was particularly related to the increase in the income of citizens and indirectly to the improvement of the income situation of enterprises. The observed general increase in the part of incomes of the municipalities acquired as a share of the state budget revenues was also an important positive reflection of a number of significant changes introduced in the period of socio-economic transition in Poland.
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Authors and Affiliations

Benedykt Opałka
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Abstract

The paper presented intends to fill up a gap in surveying the Hotelling Rule by taking a company based, microeconomic approach based on analyses of annual reports. Using selected data three fundamental hyphothesis are tested:
1) growth rate of margins (“net margins” including a capital charge) per unit realized by mining companies must exceed a rate equal to their cost of capital,
2) output shall follow deviations from the Hotelling growth line,
3) margins shall follow a path set by individually defined expected rate of return.
The analysis was based on 5 leading gold producers, responsible for ca 15–20% of global primary production, all of them public and listed on a stock exchange for the entire period of 2004–2019/2020. As margin shall grow at a rate compensating individual risk of a company in consideration, they shall not be homogenous. At 1st step industry WACC was adopted to calculate a normalized capital charge. The calculations revealed no support for Hotelling Rule. There is no evidence that over a period of above 15 years margins follow any path determined by a growing expotential function, following a compound rate. Subsequently it was checked whether output volume is corrected due to development of actual versus expected (resulting from the Hotelling Rule) margin values. Selected companies were near indifferent to this parameter while taking decisions in area of volumes supplied. Neither there is no evidence of relation between changes in output and margins. Finally, it was checked whether differences between expected and actual margins’ growth paths could be described by a linear function, resulting from consequent adoption of a risk rate component. Here neither any evidence was found. In conclusion no support for the Hotelling rule was identified.
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Authors and Affiliations

Robert Uberman
1
ORCID: ORCID

  1. Andrzej Frycz Modrzewski Krakow University, Kraków, Poland
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Abstract

We are observing an increase in development activity of the cities with poviat rights nowadays. It is visible especially in the area of obtaining European funds, financial policy, infrastructure or entrepreneurship. Those matters, especially experience of cities with poviat rights as the main beneficiaries became an interesting research area now. The aim of the article is to assess the competitiveness and development level of the cities with poviat rights in voivodships of Eastern Poland. For the purposes of this article, a synthetic measure has been used. Taking into account the availability and comparability of data as well as statistical criteria, the variables describing: financial situation, economy and infrastructure in the system of cities with poviat rights in voivodships of Eastern Poland were adopted. Data from the Local Data Bank of the Central Statistical Office for 2008, 2012 and 2016 were the main source of the article.

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Authors and Affiliations

Andrzej Pawlik
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Abstract

Healthcare services differ from other public goods due to the characteristics of their demand and supply. As a public good, its provision might allow for a free rider effect. This study aimed at checking whether a patient's overall tendency to free ride impacts the Willingness to Pay for public healthcare access. The study demonstrates that besides the experience level with the valued good, free riding tendency also influenced the valuation. The results indicate that not only past decisions about free riding but also readiness to free ride in the future might change the willingness to pay for the public good.
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Authors and Affiliations

Justyna Ewa Proniewicz
1

  1. Warsaw School of Economics, Collegium of Economic Analysis, Institute of Econometrics, Decision Analysis and Support Unit
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Abstract

On May 17, 2018, the National Center for Research and Development announced the initiation of a new procedure within the Hydrogen Storage Program. The objective was to develop a Hydrogen Storage System for use with fuel cells and its demonstration in a Mobile Facility. This is to create an alternative to the use of fossil fuels and create a field for competition in creating solutions in the field of access to “clean” energy. The National Center for Research and Development is responsible for the development of assumptions, regulations and implementation.

The analysis presents the main assumptions of the program is correlated to the current legal situation related to the financing of Research and Development. An in-depth study concerns the ways of using innovative partnership and its placement in the system of European Union legal acts. The idea of the pre-commercial procurement procedure (Pre-Commercial Procurement), which was developed to support the implementation of prototypes of solutions – resulting from research and development – with a high potential for possible commercialization, was described in details. This procedure is characterized by ensuring the financing of a product or service at an early stage of development. Although this creates the risk of failure of the project, it stimulates technological development.

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Authors and Affiliations

Krzysztof Matan
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Abstract

Nowadays, fighting to stop climate change is not only possibility, it is indisputably an imperative for our future life on the Earth. The concept of climate neutrality was established at the beginning of the twenty-first century but has gained importance in the last decade. Climate neutrality can be achieved if CO2 emissions are reduced to a minimum and all remaining CO2 emissions are offset with climate protection measures. In order to limit global warming to 1.5°C – a threshold the Intergovernmental Panel for Climate Change (IPCC) suggested is safe – climate neutrality is essential by 2050. The main aim of this article is to identify activities aimed at neutralizing the impact of mining and energy companies in Poland on climate and to assess the approach of commercial banks in Poland towards financing their activities towards climate neutrality. The article verifies the research hypothesis stating that commercial banks in Poland support the financing of activities conducive to achieving climate neutrality by companies from mining and energy industries. The empirical research was carried out in three stages. It included data analysis, case study and questionnaire survey. The study shows that the mining and energy industry in Poland is aware of the need to implement quick actions to reduce their negative impact on the environment and to achieve climate neutrality by 2050. Moreover, it has been proven that the banking sector in Poland is open to financing socially responsible investments (SRI) supporting activities for climate neutrality.
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Authors and Affiliations

Aleksandra Nocoń
1

  1. University of Economics in Katowice, Poland

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