In the scientific work the influence of the factor of primary public offer of securities on the macroeconomic security of the country is considered. A comparative description of the main financing attraction tools is presented. The advantages and disadvantages of using IPO in countries with developed stock market and developing countries are explored. The analysis of the development of European and Ukrainian markets of IPOs in terms of impact on general macroeconomic security has been carried out. The relationship between macroeconomic stability and economic development of the IPO is established.
In last two decades, several authors have already proven the existence of positive relationship between generalized trust and macroeconomic growth and this paper queues up providing the evidence based on more recent data. An analysis of sustainability of the macroeconomic growth is also very important for prediction of economic development. However, the main aim of the paper is to analyse how the impact of trust on macroeconomic growth changes upon time, trying to find the answer how fast can changes in trust and other determinants be visible in changes in economic growth of countries. For this purpose, we introduced the dynamic aspect into the “Barro-type” regression growth models used by our predecessors. We can conclude, that trust is the most dynamic growth determinant, with the impact visible after 5 years. The paper also confirmed that the higher the initial level of GDP per capita (in terms of constancy of other variables in the model), the greater the decline in the growth rate. The high level of trust also allows better implementation of effective organizational innovation and knowledge transfer within the organization, since trust is also active through the channel of building the common good.
On May 1st, 2004, Poland and 9 other countries became members of the European Union. The new economic and institutional conditions resulting from this event had a tremendous impact on Poland’s macroeconomic performance. Poland is the biggest beneficiary of the European Cohesion Policy in 2007-2013. This paper aims at evaluating the scope and strength of cohesion policy’s impact on the macroeconomic situation of Poland. Authors attempt to assess the economic benefits of Poland’s membership in the EU (focusing particularly on those related to impact of the cohesion policy’s implementation). Additionally, the article presents the benefits derived by the EU-15 countries from the implementation of the cohesion policy in Poland. Authors focus, inter alia, on assessing the impact of Poland’s membership in the European Union on macroeconomic situation of the country. The assessment of the said impact is based both on the analysis of selected studies of the subject and on authors’ own research based on available statistical data. Within such a context, authors discuss the results of three research projects – commissioned by the Polish Ministry of Regional Development – which attempt to evaluate the impact of the EU cohesion policy on selected macroeconomic indicators.
The aim of the paper is to review the international organizations’ approaches to the measurement of sustainable development and explore the system of indicators provided by the considered organizations. The systems of proposed indicators to measure sustainable development are being juxtaposed, specific features, advantages and disadvantages revealed. Organizations for sustainable development were founded to review progress at the international, regional and national levels in the implementation of sustainable development policy, to take part in legislative process, to control balance between economic development, social development, and environmental development.