Piotr Misztal

• Professor (Associate)
• Head of Department at Casimir Pulaski Radom University

Rankingi atrakcyjności inwestycyjnej mogą dostarczyć cennych informacji inwestorom, przedsiębiorstwom i decydentom. Ważne jest jednak, aby wziąć pod uwagę zarówno zalety, jak i wady związane z tymi rankingami. Rankingi atrakcyjności inwestycyjnej często wykorzystują znormalizowane wskaźniki i metodologie, zapewniając spójne ramy oceny krajów. Może...

The aim of the research is to assess the degree of the pricing-to-market (PTM) strategy used in selected European countries, focusing on selected groups of consumer goods. The study uses a literature review in the field of macroeconomics and international finance, as well as statistical and econometric methods. The results of the research confirmed...

Objectives The purpose of the research is the identification of important determinants shaping the investment attractiveness of the country from the point of view of potential investors and assessment the degree of stakeholder satisfaction with existing methods of examining the investment climate and their availability for practical use. Material...

The purpose of the research is the identification of important determinants shaping the investment attractiveness of the country (region) from the point of view of potential investors and an assessment of the degree of stakeholder satisfaction with existing methods of examining the investment climate and their availability for practical use. In ord...

The global supply chain problem, intensified by events such as the Covid-19 pandemic, natural disasters, geopolitical tensions and trade disputes, has highlighted the need to reassess and reorganize logistics processes. One of the strategic options for enterprises is backsourcing, which enables increasing resilience, improving control and managing...

Theoretical background: When making a decision on foreign investments, it is crucial for investors to have a clear understanding of both the potential of the host country and the risks awaiting them. To date, numerous approaches have been developed for assessing the business environment and investment climate (attractiveness) of countries. These de...

1) Purpose. The main objective of the research is to conduct a comparative estimation of the most commonly used methodologies for assessing the investment attractiveness of countries along two primary dimensions: information coverage and ease of use, and classify them according to the Applicability Matrix. 2) Methodology. The research methods based...

The aim of the undertaken research is an attempt to explain, on theoretical and empirical grounds, the interdependence between central bank communication, its transparency credibility and,consequently, the effectiveness of monetary policy pursued by central banks. The study used research methods based on the literature analysis on the subject in th...

Przejrzystość działań banku centralnego i odpowiednia komunikacja z otoczeniem ze strony banku centralnego przyczyniają się do spadku zmienności na rynkach finansowych, zwiększają przewidywalność nadchodzących decyzji dotyczących stóp procentowych i pomagają osiągnąć cele polityki pieniężnej. Stąd, problematyka dotycząca oddziaływania komunikacji (...

Waste management must comply with the principle of sustainable development. A green economy is one of the paths to sustainable development and response to environmental problems. Waste should be a raw material that can be reused, processed, or turned into energy. The aim of the article is to assess the relationship and present the concept of zero w...

The theological dimension of price and inflation refers to a religious or theological investigation of the concept of price inflation. While economics is primarily concerned with the study of inflation as a persistent increase in an economy’s general price level of goods and services over time, certain religious scholars and thinkers have investiga...

The financial crisis that began in 2007 pointed out deficiencies in policy-makers’ responses to systemic risk. It turned out that not only individual bank insolvencies but also spillovers from negative externalities among entities can cause serious threats to the financial sector. During the last 10 years, many international and national initiative...

The legal and political sphere consists of legislative regulations, resulting from the policy of the state in which the businesses operate. The aim of the study is to verify the research hypothesis according to which political and legal factors significantly determine the mutual economic cooperation between Belarus and Poland in the period 2016-202...

Purpose of the study The aim of the research is to present the role of time in economic theory and explain how time horizon and the adopted period of time lags between the variables determine the results of macroeconomic analyzes. Methodology: In the paper were used research methods based on literature studies in the field of macroeconomics and fin...

The article provides a detailed analysis of the most significant technological factors that determine the investment climates of Belarus and Poland. According to the authors, the main technological determinants influencing investment decisions include: Global Innovation Rankings, R&D financing, level of introduction of advanced technology, digitali...

Ryzyko jest wpisane w istotę prowadzenia działalności gospodarczej, ale nigdy nie było odczuwalne w takim stopniu jak obecnie i nie wywoływało poczucia braku pewności na tak ogromną skalę. Przedsiębiorstwa oraz społeczności większości krajów, przekonały się, że nie zawsze wszystko, co się dzieje, jest pochodną ich decyzji, że zawsze istnieje ryzyko...

The aim of the publication is to analyze the concept of sustainable development in the member countries of the Organization for Economic Cooperation and De-velopment (OECD) with particular emphasis on the quality of life of Polish citizens against the background of other member countries of this organization. Analyzing selected measures of the sust...

The government debt portfolio is usually the largest financial portfolio in the country. It often contains complex and risky financial structures and can generate significant risk to the state budget and the country’s financial stability. Therefore, governments are required to have sound risk management and sound public debt structures to limit exp...

Wpadnięcie kraju w pułapkę płynności oznacza brak skuteczności ekspansywnej polityki pieniężnej banku centralnego mającej na celu zwiększenie popytu konsumpcyjnego i inwestycyjnego w kraju. Sytuacja ta wynika z tego, że uczestnicy rynku (gospodarstwa domowe i przedsiębiorstwa) zamiast zwiększać popyt, akumulują rosnącą podaż pieniądza w postaci got...

The relatively high sizes of public debts in many of the world's member states have led to frequentdebates concerning the influence of public debt on economic growth. Analyzing economic literature it can beseen, that theoretical and empirical considerations on this topic are divided into three main parties. The firstpart of analyzes is the work of...

When a country falls into a liquidity trap it means that its central bank lacks an effective expansionary monetary policy aimed at increasing consumption and investment demand. Market participants (households and enterprises), instead of increasing demand, accumulate a growing money supply in the form of cash. Keynes argued that for an economy in a...

Przedmiot badań: Rządowy portfel długów jest zwykle największym portfelem finansowym w kraju. Często zawiera złożone i ryzykowne struktury finansowe i może generować znaczne ryzyko dla budżetu państwa i stabilności finansowej kraju. Dlatego od rządów wymaga się rzetelnego zarządzania ryzykiem i solidnych struktur długu publicznego, aby ograniczyć e...

Aim/purpose – The aim of the undertaken research is to analyse the interdependencies between cyclical changes in consumer prices, production prices, wages and production in the euro area in the period Q1.2010-Q3.2017.

The issue of global economic inequality has inspired researchers to explore the potential connection between income inequalities and foreign direct investment (FDI), as it is one of the driving forces of globalization. Although there is a large body of theoretical as well as empirical studies linking these variables, the empirical literature on the...

p xss=removed> Celem artykułu jest wskazanie głównych zalet i wad oraz możliwości wykorzystania pogodowych instrumentów pochodnych do ograniczenia ryzyka pogodowego w warunkach nasilających się zmian klimatycznych. W tekście poruszono także kwestię obligacji pogodowych wykorzystywanych do ograniczenia otwartych pozycji w derywatach pogodowych. W pr...

Niezależność finansowa państwa odnosi się do możliwości finansowania przez rząd wszystkich wydatków państwowych wyłącznie z osiąganych dochodów budżetowych. Zatem pełna autonomia finansowa państwa oznacza, że rząd finansuje wydatki budżetowe bez konieczności pożyczania środków przez zaciąganie kredytów bankowych czy emisję instrumentów dłużnych. Dl...

Unconditional basic income (UBI) is the income allotted to all members of society individually, without the need to work. The right to this income and its level are unconditional and independent of the size and structure of households. In addition, the unconditional income is paid regardless of the income of citizens from other sources. The aim of...

Szara strefa jest pojęciem różnorodnym i obejmującym wiele zjawisk, których wspólną cechą jest pozostawanie poza kontrolą państwa. Złożoność definicyjna tego pojęcia ma również swoje konsekwencje m.in. w jej odpowiednim pomiarze i tworzeniu precyzyjnych mechanizmów ukierunkowanych na jej zwalczanie. Szara strefa ciągle się zmienia i dostosowuje do...

Bezwarunkowym dochodem podstawowym jest dochód przyznany wszystkim członkom społeczeństwa indywidualnie, bez konieczności świadczenia pracy. Prawo do tego dochodu i jego poziom mają charakter bezwarunkowy i są niezależne od wielkości i struktury gospodarstw domowych. Ponadto dochód bezwarunkowy jest wypłacany bez względu na dochody obywateli pochod...

The aim of this article is to assess the scale of global financial imbalance in countries with different levels of economic development, and to identify the main determinants of this phenomenon. In the paper, a research method based on literature studies in the field of international finance and international economics is used. In particular, rich...

The aim of this article is to analyse the inflation persistence phenomenon in the theory of economics and in Croatian economy. In the economic literature there are only few studies on the phenomenon of inflation persistence in Croatia. That is why we try to fill the gap in this area by analysing the phenomenon of inflation persistence in the Croati...

The euro area is one of the slowest-growing areas of the global economy. Developmental problems of the euro area are in contradiction with the main objectives of the economic and monetary union, formulated in the Maastricht Treaty, and call into question the benefits of further deepening of European integration. The challenge for the effectiveness...

Celem niniejszego opracowania jest analiza hipotezy bezzatrudnieniowego wzrostu gospodarczego w teorii ekonomii i w krajach o różnym poziomie rozwoju gospodarczego. Analizie empirycznej poddano kraje należące do tzw. gospodarczej Triady (USA, Unia Europejska, Japonia, Chiny, Indie). W artykule wykorzystano metodę badawczą opartą na studiach literat...

The aim of the study is to analyze the hypothesis of jobless economic growth in economic theory and in the Global Triad countries (U.S. , EU-15, Japan, China , India). In the article the research method based on the literature study in the field of macroeconomics and international finance were used, as well as econometric methods (Ordinary Least Sq...

The purpose of this study is to analyze the phenomenon of inflation persistence (inertia) in Poland. Inflation persistence is defined as a strong positive relationship between inflation in the current period and prior periods. This causes difficulties for monetary authorities to reduce inflation after its acceleration, and the necessary adjustments...

The analysis of business cycle synchronization levels has become a key point in the discussion of the processes of international economic integration. Economists show a particular interest in analyzing the frequency of processes of business cycle convergence and divergence (decoupling) in the European Union, especially in the Euro Zone. One of the...

The aim of the paper is to analyse of the Harberger-Laursen-Metzler effect in light of the theory and in practice, with particular reference to this effect in Poland in the period 1995-2009. The results of research carried out by means of the vector autoregression model (VAR) revealed that temporary improvement in terms of trade in Poland led to th...

The main aim of the article is theoretical and empirical analysis of the causal relationship between the budget balance and the current account balance in the Baltic countries (Latvia, Lithuania and Estonia) in the period 1999-2010. In the paper are used methods based on the literature study of international economics and international finance as w...

This article aims to analyze the Feldstein-Horioka hypothesis, which suggests a strong correlation between investments and savings in advanced economies. Additionally, the analysis of the eldstein-Horioka hypothesis was expanded to include emerging markets and developing economies in order to provide a thorough analysis of this issue.1 The paper ut...

Podstawowym celem artykułu jest analiza związków między długiem publicznym i wzrostem gospodarczym w Unii Europejskiej w okresie 2000-2010. Artykuł składa się z dwóch części. Pierwsza cześć dotyczy analizy teoretycznej dotyczącej współzależności między długiem publicznym i wzrostem gospodarczym z uwzględnieniem przyczyn i czynników determinujących...

The aim of the article is analyses of the Harberger-Laursen-Metzler effect in light of the theory and in practice, with particular reference to this effect in Poland in the period 1995-2009. The results of research carried out by means of the vector autoregression model (VAR) revealed that temporary improvement in terms of trade in Poland led to th...

The aim of this paper is to analyze the cause and effect relationship between economic growth and savings in advanced economies and in emerging and developing countries2. In this work we used the method based on studies in macroeconomics and international finance as well as econometric methods (co-integration models and Granger’s causality test). A...

The article brings a theoretical and empirical examination of the relationships between state budget deficits and current account deficits in Poland. The paper consists of three parts. The first part explains the relationship between budget deficits and current account deficits in the light of economic theory. The second part gives a brief overview...

The main aim of the article is to present the relationships between public debt and economic growth in the European Union in the period 2000–2010. The article consists of two parts. The first part deals with theoretical analysis of the relationships between public debt and economic growth, including reasons and factors determining these relations...

The paper deals with short- and long-run relationship between trade balance and exchange rate, national income and money supply in the Poland. The elasticity, absorption and monetary approaches to the balance of payments of Poland are verified by using the Vector Autoregression Model (VAR). The results of this investigation show that national incom...

The main aim of the article is to present the influence of foreign direct investments (FDI) on the economic growth in Romania between 2000 and 2009. The article consists of two parts. The first part presents a theoretical analysis of the FDI-led growth hypothesis. This part overviews empirical research, while the next one analyses the importance of...

The main aim of the article is to present the influence of exchange rate fluctuations on the price dynamic in the Euro Area. The knowledge concerning the level of exchange rate pass-through to prices allows assessing how exchange rates affect on inflation and monetary policy in given states. The article consists of two parts. The first component de...

The aim of article is the analysis of international competitiveness and competitive position of the Baltic countries (Lithuania, Latvia, Estonia) in the period 1996-2006. The first, were defined expressions of international competitiveness of economy and international competitive position with simultaneous indication of suitable factors determining...

The main aim of the article is to analyze the relationship between public debt and the real, long-term interest rates in the euro area member countries during 2003-2010. The first part dealt with theoretical analysis and the most important results of empirical studies concerning the relationship between public debt and the real, long-term interest...

The aim of this article is to present the influence of exchange rate changes on the price dynamics in Poland. The knowledge concerning exchange rate pass-through to prices allows assessing how exchange rates affect inflation and monetary policy in the country. The article consists of two parts. The first part deals with theoretical analysis of the...

The aim of the article is to present the influence of exchange rate changes on the price dynamics in Poland. Knowledge of the exchange rate pass-through to prices permits assessment of how exchange rates affect inflation and monetary policy. The phenomenon was found of an incomplete exchange rate pass-through to import, producer and consumer prices...

The main aim of the article is the examination of phenomenon of incomplete replication of differences in exchange rates to prices in foreign trade, in the light of theory and practice. An extent to which exchange rate differences are reflected in prices on the destination market of traded goods is called "exchange rate pass-through". Incomplete exc...

The aim of article is the analysis of international competitiveness and competitive position of Polish economy in the years 1995-2005. The first, were defined expressions -international competitiveness of economy and -international competitive position with simultaneous indication of suitable factors determining the changes of international competi...

Streszczenie Celem niniejszego opracowania jest analiza związku przyczynowo-skutkowego między wzrostem gospodarczym i oszczędnościami w krajach rozwiniętych gospodarczo oraz rozwijających się i transformujących 2 . W pracy wykorzystano metodę badawczą opartą na studiach literaturowych z zakresu makroekonomii i finansów międzynarodowych oraz metody...