Birute Galiniene

Vilnius University · Department of Economic Policy

Santrauka The main goal of this article is to illustrate the strategy, devised to improve the effectiveness of utilizing the financial assets, or in this case, the official international reserves, belonging to the Bank of Lithuania. In Lithuania, the value of financial assets as a percentage of total state assets has doubled in the span of 10 year...

This paper evaluates the Eastern and Central EU regions according to the efficiency level of innovation systems by application of nonparametric data envelopment analysis (DEA). The most technologically inefficient NUTS2 regions of Central and Eastern EU are identified. The governmental institutions in these regions should enforce a higher level of...

In most recent regional studies, especially in endogenous growth theory, regional innovative activities, knowledge spillovers, highly educated work force and investment in high technology products with high value added is considered as main factors of long term regional economic growth. The generation of products with high value added and structura...

This paper deals with long term forecasting of the risk of the commercial property market. The forecasting of the risk was conducted by applying the extreme value theory (EVT) and considering two indicators (the yield and vacancy rate) of two sectors (offices and shopping centres) concerning two participants of the market (sellers and investors) in...

Alternatyvaus investavimo fondai Lietuvoje įteisinti 2008 m. pradžioje ir jau spėjo įsitvirtinti Lietuvos investicinių fondų rinkoje. Todėl tokių fondų teisinis reguliavimas ir priežiūra tampa dar svarbesnė, nes jie yra potencialiai pavojingesni finansų sistemai nei įprastiniai investiciniai fondai. Nors nuo šių fondų įteisinimo įvyko nemažai inves...

The rapid growth of the AIF assets under management and increasing relative share of these assets in the overall investment fund assets, indicate that AIF successfully established their position in the Lithuanian investment funds market. Due to the specific investment activity AIF are different from other investment funds, they also could be associ...

Property market maturity level is one of the influential factors affecting competitiveness of a country in a global arena. Local economies of Central and Eastern Europe may have reacted differently to the economic globalisation process, but property markets in these countries became very much dependent on global trends in terms of market developmen...

The article presents a hypothetical model of the asset-based policy implementation applicable to Lithuania, upon opening long-term savings accounts for all the country's newborns and allocating the accumulated funds to the Children's Opportunity Fund. The findings of the article are based on the results of a representative survey of Lithuanian popu...

This paper reviews the articles of Lithuanian authors on social policy topic and assesses if the asset-based policy topic was ever explored. It briefly analyses the efficiency of current social security policy in Lithuania and social-economical state of inhabitants. It states that in order to reduce poverty and inequality, current social policy sho...

Integrated analysis and rational decision-making at the micro-, meso- and macro-levels are needed to mitigate the effects of recession on the construction and real estate sector. Crisis management involves numerous aspects that should be considered in addition to making economic, political and legal/regulatory decisions. These must include social,...

This article is dedicated to the analysis of the concepts 'energy' and 'energy efficiency' as well as to the analysis of the main energy indicators. The article provides the analysis of the trends of energy policy, the connection between energy supply, transformation and improvement of efficient consumption, tendencies of consumption of energy reso...

The nonparametric methods, such as data envelopment analysis, free disposal hull and order-α frontier analysis, have been applied in this study to evaluate the efficient frontier which extends the application of the production function of regions. These mathematical programming methods allow evaluating the effectiveness of the regional spatial aspe...

Purpose—to achieve a more detailed assessment of regional differences, exploring regional infrastructure and human capital usage efficiency and to display analysis capabilities of spatial data efficient frontier method.Design/methodology/approach—the data envelopment analysis (DEA) is applied to find the efficient frontier, which extends the applic...

Turto ir verslo vertintojo profesijos, turto ir verslo vertinimo veiklos istorija Lietuvoje artėja prie dvidešimties metų. Šios veiklos teisinio reguliavimo aktai turi penkiolikos metų ar kiek ilgesnę istoriją, kitusią kartu su vertinimo paslaugų plėtote. Kryptingo teisinio reguliavimo dalykai visada turi ir turės įtakos turto vertinimo veiklai, pr...

Real estate with its exceptional characteristics plays a very important role among other investment instruments. This is due to the fact that the allocation of real estate, as an alternative investment instrument, increases diversification possibilities of the investment portfolio. A wide range of different investment vehicles now exists to gather...

The analysis submitted in this article is on the employment of the interaction between the major monetary policy targets and macroeconomic indicators as signals to policymakers about possible changes, which may influence the macroeconomic stability. It assists in revealing monetary policy factors and their interactions, including economic, politica...

The purpose of studies is to provide sufficient application fundamentals of theoretical and practical knowledge, cultivate certain future specialist abilities to ensure the preparation level needed at work. Measurements on quality of studies as well as the study quality assurance are commendable and encouraged, such as the strive towards the ideal...

Straipsnyje nagrinėjama nekilnojamojo turto (toliau tekste – NT) vystytojo samprata, atskleidžiamos jo funkcijos, uždaviniai ir tikslai, dalyvaujant NT valdymo procese, parodomas jo indėlis į darnią miestų plėtrą. Išanalizavus Lietuvoje galiojančius teisės aktus, nustatyta, kad iki šiol nėra įteisinta NT vystytojo sąvoka, o nesant įstatymiškai įtei...

Housing is at the core of the European Union’s prosperity as it is important to achieve energy saving targets and to combat climate change whilst contributing to energy saving and security. During the programming period 2007–2013, the European Union Cohesion Policy has started playinga new and important role in the process of supporting investments...

One of the most important business management tasks for enterprises is the calculation of an appropriate rate of return for invested capital or cost of capital. The article presents a theoretical and practical analysis of four of the most commonly used capital cost evaluation models. Based on the results, the two most suitable capital cost evaluati...

Lithuania). Member of Editorial Boards of the scientific journals Ekonomika (=Economics, Vilnius University), Transformations in Business & Economics (Vilnius University) and International Journal of Strategic Property Management (Vilnius Gediminas Technical University); Chairperson of the educational working group of the Lithuanian Association of...

Europos aukštojo mokslo erdvės kūrimas skatina šio kontinento aukštąsias mokyklas susimąstyti apie aukštojo mokslo konkurencingumo ir jo vertės didinimą. Tai pasiekti Lietuvos aukštosios mokyklos gali tik nuolat gerindamos studijų kokybę, savo įvaizdį ir reputaciją. Šiame straipsnyje aptariamos bendrosios studijų kokybės ir įvaizdžio gerinimo aukšt...

Cointegration and Granger causality tests were used for the statistical analyses of the housing market in Lithuania. The relationship between the cost of housing and afford‐ability on the one hand, and interest rates, GDP and average incomes on the other was not proven to exist using the given statistical methods. The period of increase in the cost...

Due to the growing economy in Lithuania as well its a rapid integration into the European Union and global markets, improvement of the investment process in real estate has been and will conti-nue to be a topic of great interest. The article presents an analysis of the investment process in real estate. It aims at presenting a theoretical and pract...

Europos Sąjungos (ES) biudžetas yra svarbus Lietuvos ekonomikos augimo variklis ir nemažų lėšų šaltinis. Tačiau keičiantis situacijai Europoje ir visame pasaulyje, turėtų keistis ir Europos prioritetai, kartu ES biudžetas. Ateityje Lietuvos iš Europos Sąjungos gaunamos paramos dydis labiausiai priklausys nuo peržiūrėto ES biudžeto struktūros, jo su...

In this article the authors aim to justify the structure of the strategic management model for rational economic development by evaluating the new challenges facing the national economy development. The use of the SWOT strategic planning tool is critically evaluated, and the benefits of a balanced economic expert analysis structure are substantiate...

By finding, capturing, and sharing explicit and tacit knowledge, real estate companies can significantly improve customer results. One of the main roles of explicit and tacit knowledge management in real estate sector is sharing best practice. Throughout the world there are many examples of the adoption of the best practice by the major players (ap...

This article presents an analysis of management transformations, resulting in response to global challenges, and their influence on managerial attitudes. In particular, the aspects of transformations in the role of managers are looked at. In seeking to evaluate the dominant managerial attitudes in business organisations, the level of importance Lit...

Straipsnyje nagrinėjama įmonės ūkinės finansinės veiklos analizės svarba ir įtaka verslui vertinti. Aptariama finansinės analizės procedūrų ypatumai ir nuoseklumas vertinant verslą, esami teorijoje ir įvairių šalių praktikoje skirtingi požiūriai į finansinės analizės svarbą ir problemas. Atkreipiamas dėmesys į Lietuvoje esamas ūkinės finansinės vei...

2007 m. vasario 4 d. prof. habil. dr. Stanislovas Martišius šventė gražų 70-ies metų jubiliejų. Profesorius daugeli metų sėkmingai dirbo mokslinį ir akademinį darbą Lietuvos mokslų akademijos Ekonomikos institute ir Vilniaus universiteto Ekonomikos fakultete, sėkmingai derindamas pedagoginę, visuomeninę veiklą ir administracines pareigas. Mokslinė...

This article provides an analysis of the structural elements of valuation methodology directly affecting the quality of business valuation services (the concept of business valuation, valuation aims and cases, principles, aspects and methods), as well as the opportunities for and problems in their application under the specific circumstances eviden...

The authors in the article analyse (in theoretical and practical aspects) factors influencing real estate market, underline their impact on economic development in the long and short run. The authors make comparison of the cycles of macroeconomic indicators and real estate market. The article reveals the characteristics of dwelling real estate stru...

The need to effectively integrate decision-making tasks, together with knowledge representation and visualisation tasks, inference procedures that model an expert's thinking process, has strained research attempts to integrate Decision Support Systems (DSS) with Knowledge Systems (KS) and multimedia in the direction of the development of knowledge-...

The authors in the article analyse (in theoretical and practical aspects) factors influencing real estate market, underline their impact on economic development in the long and short run. The authors make comparison of the cycles of macroeconomic indicators and real estate market. The article reveals the characteristics of dwelling real estate stru...

Straipsnyje apibūdinamas ir įvertinamas Vilniaus universiteto Ekonomikos fakulteto plėtros galimybės ir problemos atsižvelgiant į turimą mokslinį pedagoginį ir techninį potencialą. Atskleidžiami esami objektyvūs ir subjektyvūs studijų ir mokslo plėtotės fakultete trukdžiai, susiejant juos su mokslinių rezultatų vertinimo sistemos problemomis. Dėmes...

Lithuania is a small developing market economy which inherited the specific soviet economic structure and so‐called “homus sovieticus” mentality which excluded a possibility for business of property valuation. Within a historically short period of time Lithuania moved from the closed soviet economic area into the area of global economy, which prese...

Lithuania is a small developing market economy which inherited the specific soviet economic structure and so‐called “homus sovieticus” mentality which excluded a possibility for business of property valuation. Within a historically short period of time Lithuania moved from the closed soviet economic area into the area of global economy, which prese...

According to Melnikav (2002), Over a historically short period of time (from the crash of Soviet system in 1990 till the European Union accession in 2004) Lithuania has undergone rather cardinal and at the same time very intense political, economic and social transformations. The status of property in the system and mechanisms of its increase have...

Straipsnio tikslas - apibūdinti Vilniaus universiteto Ekonomikos fakulteto studijų programų struktūrą, jų tarpusavio sąveiką ir funkcionavimo ypatumus, atskleisti jas įgyvendinant kylančias problemas, studijų struktūros tobulinimo ir kokybės gerinimo galimybes, atsižvelgiant į turimą mokslinį ir techninį potencialą, fakulteto raidos planus ir persp...

Straipsnyje aptariama Lietuvos turto vertintojų kvalifikacijos lygis, jo atitiktis Europos šalių turto vertintojų kvalifikacijai taikomiems principams bei tarptautiniams ir europiniams standartams. Pateikiama užsienio šalių ir Lietuvos turto ir verslo vertinimo sistemų lyginamoji analizė. Nagrinėjamos Lietuvos turto ir verslo vertintojų atestavimo...

Straipsnyje akcentuojama eksporto analizės svarba dabartinėmis ekonominės plėtros sąlygomis, nurodomi keliami reikalavimai eksporto analizei ir prognozavimo modeliams. Nagrinėjamos įvairių eksporto efektyvumo analizės modelių praktinio taikymo galimybės, pateikiami autorių siūlomi konkretaus eksporto sektoriaus, konkrečios eksporto prekės eksporto...

Straipsnyje nagrinėjamos Lietuvos turto realios vertės nustatymo problemos, kylančios dėl nacionalinio turto (kaip visumos) vertės nustatymo metodologinių trūkumų, Lietuvos turto vertinimo metodikos ir tarptautinių standartų reikalavimų nepaisymo, egzistuojančių turto klasifikacijų painiavos mikro- ir makrolygmeniu. Aptariamos turto vertinimo siste...

Turto vertinimas - svarbi krašto ekonomikos plėtojimo prielaida, daranti įtaka per privatizavimo procesą ir mokesčių politiką. Galima teigti, kad tinkamas turto vertinimas yra svarbus mūsų valstybės turto gausinimo veiksnys. Tam reikia adekvačios turto vertinimo sistemos. Straipsnyje aptariamos turto vertinimo sistemos problemos, siūlomi galimi jos...