Vaida Pilinkienė

Kaunas University of Technology · Department of Economics

The development of the concept of creative industries is related to the contribution of culture and creativity to the economy. Creative industries are often associated with innovation.Scientific literature reveals that creative business is more innovative compared to other sectors of the economy. Some authors also note that when assessing the level...

Featured Application: The analysis of news sentiments presented in this article can be used for various research and practical applications. In this study, news sentiment analysis is used to perform more accurate forecasting of economic indicators. Based on the results obtained in the study, it can be seen that the negative sentiment index is stron...

The amount of data is growing at an extraordinary rate each year. Nowadays, data is used in various fields. One of these areas is economics, which is significantly linked to data analysis. Policymakers, financial institutions, investors, businesses, and households make economic decisions in real-time. These decisions need to be taken even faster in...

The outbreak of war and the earlier and ongoing COVID-19 pandemic determined the need for real-time monitoring of economic activity. The economic activity of a country can be defined in different ways. Most often, the country's economic activity is characterized by various indicators such as the gross domestic product, the level of employment or un...

Purpose This paper aims to identify the economic stimulus measures that ensure stability of the Lithuanian housing market in the event of an economic shock. Design/methodology/approach The econometric analysis includes stationarity test, Granger causality test, correlation analysis, autoregressive distributed lag models and cointegration analysis...

The COVID-19 pandemic caused a number of challenges worldwide regarding not only the human health perspective, but also the economic situation. Quarantine, imposed in many countries, forced a substantial part of businesses to close or narrow down their activities, thus leaving corporations and employees without any or with lower income. If national...

As the COVID-19 pandemic came unexpectedly, many real estate experts claimed that the property values would fall like the 2007 crash. However, this study raises the question of what attributes of an apartment are most likely to influence a price revision during the pandemic. The findings in prior studies have lacked consensus, especially regarding...

Climate change and efforts to mitigate it have given rise to an interest in the relationship between industry competitiveness, energy efficiency, and carbon emissions. A better understanding of this relationship can be essential for economic and environmental decision-makers. This paper presents empirical research evaluating industry competitivenes...

Purpose This paper aims to identify the external factors that have the greatest impact on housing prices in Lithuania. Design/methodology/approach The econometric analysis includes stationarity test, Granger causality test, correlation analysis, linear and non-linear regression modes, threshold regression and autoregressive distributed lag models....

The aim of this research study was to establish a framework for the relationships between the sharing economy and the Sustainable Development Goals (hereinafter, SDGs) set by the United Nations. There are 17 SDGs with 169 targets, which, in the scientific literature, are classified into sustainability dimensions: economic, social, and environmental...

2020 m. įvykęs ekonomikos šokas, sukeltas COVID-19 pandemijos, paveikė šalies ekonomiką ir nekilnojamojo turto rinką. Mokslo studijoje siekiama įvertinti Lietuvos nekilnojamojo turto rinkos pokyčius ekonomikos šoko kontekste. Aptariama ekonomikos šoko samprata, tipai, sąsajos su ekonomikos ciklais, pateikiami ekonomikos šokų stabilizavimo būdai, st...

Social responsibility of universities as part of their “Third Mission” has become more and more popular in higher education. The Service Learning Approach stands out as a socially responsible teaching methodology; however, in many European higher education institutions the Service Learning Approach is still unknown. Current teaching material, toolk...

Research purpose. The research purpose is to assess and compare the competitiveness of the EU creative industries’ export. Design/Methodology/Approach. The article is organised as follows: Section 1 presents a short theoretical conception of creative industries; Section 2 presents the theoretical background of trade competitiveness indices; Section...

Transporto sektorius turi ypač didelę įtaką vyriausybėms, siekiančioms dekarbonizacijos tikslų. Tai pirmiausia pasakytina apie kelių transportą. Pagrindinis iššūkis yra pereiti prie netaršių transporto priemonių, o populiariausia technologija yra elektromobiliai. Nepaisant elektra varomo transporto privalumų ir augančio populiarumo, jų naudojimo pl...

This paper aims to empirically examine the relations between energy consumption, R&D costs and capital expenditures on the profitability of manufacturing companies in the paper and allied industry. The main focus in this article is on the companies, which are operating in the manufacture of pulp from wood and the paper production industry. Multiple...

The scope of the data presented in this study offers a comprehensive view of the issue of the HEI graduates employability in the Czech Republic and also in the Slovak Republic – related to determinants of economic development and their impact on them. This paper examines the impact of gross domestic product, gross domestic expenditure on research a...

This methodology toolkit provides an evidence-based insight into service learning and seven practical teaching approaches: 1) community-based research, 2) project-based learning, 3) (participatory) action research, 4) internships, 5) volunteering, 6) action-reflection methodologies and 7) social entrepreneurship.

Purpose The purpose of this paper is to investigate whether real estate investment trusts (REITs) have any significant cost-efficiency advantages over real estate operating companies (REOCs). Design/methodology/approach The data for listed companies were extracted from the Bloomberg terminal. The authors analyzed financial ratios and conducted a n...

Although the first real estate investment trust (R.E.I.T.) was created in 1960s, according to the latest data of 2018, only 13 out of 28 European countries had such systems on their stock-exchange. Many economists have published detailed studies stating the advantages of R.E.I.T.s, however, the developing part of Europe is still slow to react with...

The phenomenon of sharing economy originated as a response to the intensifying globalization, misallocation of resources, rising levels of poverty and inequality. The spread of information and web technologies forced the society and existing businesses to take a look at the concept of ownership from another viewpoint and revealed a new truth: what...

The interest in energy efficiency and economic development of the country has been developed in the last couple of years. However, there is still a gap in the literature regarding the influence of the consumed energy to the company financial performance and especially profitability of the company. profitability a ratio of the earnings before intere...

Purpose of the article - The paper aims to investigate the impact of the energy intensity (EI) on a company’s financial performance using the data from companies in USA and Eurozone which are working in the petroleum refining industry. Methodology/methods - The data collected from Thomson Reuters Datastream and includes companies working in the p...

The paper deals with the issues relevant to behavioural economics studies, demonstrating psychological and behavioural aspects of Muslim banking customers across the world. The aim of the research is to investigate the factors that are significant to customers using the Islamic hire purchase (auto financing) in Pakistan. The novelty of this study i...

This paper examines linkages among foreign direct investment (FDI) and economic growth in 11 countries from Central and Eastern Europe (CEE) for the period of 1997 - 2014. Findings from panel data analysis suggest that the relative size of economic growth indicators affect FDI of CEE countries. This result holds for both contemporaneous and lagged...

Volunteering is an exclusive phenomenon that involves certain obligations in activities, which individuals choose completely on free will. One of the main components in volunteering is that people engage in community work, without receiving any compensation. Volunteering as a form of leisure relies on the fact that during activities individuals acq...

The transport sector is one of the major emitters of greenhouse gases and other pollutants. Transition from usage of fossil fuels to usage of renewable energy resources calls for a comprehensive package of national and local actions. Although electric vehicles can significantly contribute to energy consumption efficiency, reduction of carbon dioxid...

This paper presents the literature review of barriers to industrial energy efficiency investments. It is claimed that primary origin of energy efficiency gap is market failures and barriers. Understanding of market barriers nature will lead to obtain an entire image of a complex problem and suggest better investment decisions for industries or to f...

This article is a modern approach to analysing the real estate market stability in today’s era. Many statistical methods were used to measure price deviations, nonetheless, they were insufficient to identify the economic collapse in 2008. As sustainable growth in the real estate sector has become a major priority, some alternative measures to analy...

The questions about country's energy consumption and their influence on economic growth are one of the main points on the agenda of the environmental and economic policy. Especially the politicians, from less developed countries, often argue that high environmental requirements allows to have less energy consumption, which could cause reduction of...

Crisis identification in SMEs sector requires a specific attention to quantitative and qualitative criteria which describe the performance of SME and its business perspectives. The experience in company crisis solving shows that for SMEs the qualitative indicators like quality of management, personnel, finance management, competitive position and o...

This book examines the changing business and economic environment for postal services in Lithuania and the upcoming challenges for this industry. Postal services continue to play a central part in the development of national economies. However, the economic and social role of postal services has changed rapidly and fundamentally over the last two d...

Recently due to the competition, which is getting more intense in the regional markets and in the global market as well, the concept of competitiveness has attracted special attention of scientists and economists. The concept of competitiveness is used in the political and scientific societies; that is why it gets a lot of meanings. Let us have a l...

Postal services, i.e. the clearance, sorting, transportation and delivery of postal items, still remain an important part of the country’s economic and social development. In addition to being some of the oldest and most widespread means of communication, they are also rapidly and extensively changing services. The postal services sector covers sev...

On December 31, 2014, the Lietuvos Pastas Group was comprised of the parental public limited liability company (PLC) Lietuvos Pastas (Lithuanian Universal Services Provider) and its subsidiaries Baltic Post, Ltd., Financial Services of Lietuvos Pastas, Ltd., and LP Payment Solutions, Ltd. The major activities, performed by the Lietuvos Pastas Group...

LUSP’s competitiveness maintenance strategy is developed on the basis of LUSP’s competitiveness maintenance model and proposed alternatives for the improvement of problematic areas in LUSP’s competitiveness.

Postal services, as services of general economic interest, continue to have a central role in an effective and dynamic single European market and are vital to the wider economy. However, the role of postal services has changed as electronic communication services change traditional patterns of communication and business across Europe.

Competitiveness occurs differently at different levels, and it is possible to analyse it in company, industry, state, block, country regions, international company, international sale, country local sales and in other aspects. In most cases, the scientists refer to company’s industry (sectors) or the country’s competitiveness. Foreign and Lithuania...

Lithuanian transport network is an integral part of the EU and the Baltic Sea Region’s transport system. According to the Lithuanian Department of Statistics, in 2013 transport and communications sector has created 13 % of Lithuanian GDP; in 2009–2012 sector revenue grew almost twice as fast as the Lithuanian economy, achieving a positive export an...

The analysis of the competitiveness experience in Lithuania and foreign countries has been performed focusing on four main directions of such analysis (see Fig. 6.1). The analysis of the competitiveness experience in foreign countries will reveal the common global trends and solutions of competitiveness creation and maintenance as well as competiti...

Organization of sports policy priorities and responsibilities are very different in all Member States, with implications on the flow of financial resources to the lowest level, public financing and sport sponsorship. Sports sponsors return on investment generates benefits for the economy as a result of increased activity on sports events, infrastru...

Vadovėlyje nagrinėjami tarptautinės ekonomikos ypatumai ir struktūra, analizuojami pagrindiniai tarptautinės prekybos modeliai, formos ir priemonės, tiriami tarptautinės darbo jėgos migracijos aspektai, mokėjimų balanso reikšmė ir tarptautinių ekonominių organizacijų įtaka ekonominiams procesams globaliniu mastu. Taip pat analizuojami valiutinių ir...

Purpose of the article One of the main and most subsidized economic sectors in the EU is the agriculture business. Depending on how effective farmers and other market players are, the politicians can make adequate decisions. The effectiveness of farmers mainly depends on their costs and harvest selling price. Fertilizers and other operating materia...

This article examines the effects of trade openness on the economic growth and competitiveness of Central and Eastern European countries (CEEs). Although CEEs are characterised by high indicators of trade openness, they show rather different trends of economic development and competitiveness. In most CEEs, trade policies are oriented towards region...

The article is aimed at the analysis on how R&D investment should influence the competitiveness among the firms in the Baltic States and what the main obstacles for R&D investment are. Most theories emphasize the importance of R&D investment in the creation and development of country's competitive advantage. Each country has its own unique characte...

The term “ecosystem” is mostly noticed in the science of biology; nonetheless it frequently appears in economy related literature, as well. The following terms can be found throughout particular writings: business ecosystem, entrepreneurship ecosystem, an innovation ecosystem, digital business ecosystem and industrial ecosystem. The aim of this res...

As an international trade becomes crucial in the growing economies, the research measuring the international trade with competitiveness are quite limited, especially for the Baltic States. The main aim of the article is to evaluate the international competitiveness using the revealed comparative advantage indices in the Baltic States: Lithuania, La...

The article presents the analysis of the relationship between e-business benefits and competitive advantage. Different approaches of authors towards e-business and competitive advantages have been analyzed and summed up, the analysis of the e-business impact on usual business processes has been outlined, resource-based as well as M. Porter’s approa...

The article presents the comparison and review of competitiveness indexes in the environment of EU policy. Different approaches of authors towards competition and competitiveness indexes have been analyzed and summed up, a comparative analysis of the most popular indexes has been outlined, the main aspects how to calculate the use competitiveness i...

The article aims at proving or disproving the hypothesis, whether EU structural funding policy is actually having an effect and is contributing to one of its objectives - raising competitiveness of the funded sectors. As a result, this research provides three competitiveness indices and discusses on how the competitiveness of three Lithuanian secto...

This article analyses the influence of the global crisis on German economy and its sectors. The difficulties in market economy have increased since the real estate market in the USA collapsed and a worldwide economic crisis spread out The research made by defining and analyzing the main factors of German economy is the basis of the article. The res...

The article presents the analysis of various opinions on the conception of forecasting environment. Great variety of conceptions of forecasting environment determines different interpretations of these concepts. The analysis of conceptions and methods of forecasting showed that forecasting environment as the object of the study is not investigated...

Kauno technologijos universitetas K. Donelaičio g. 73, LT-44029, Kaunas Nowadays prosperous conditions for electronic business development have been formed due to intensive processes of globalization and increasing extents of competition. Development of traditional business processes is not sufficient in order to reach long-lasting effect and wishe...

The article deals with the theoretical aspects of themarket demand method selection criteria and theirapplication in practice. As the definition of market demandand conditions is related to the achievement of importantgeneral strategic decisions and consumers’ behaviour onthe competitive market, the accurate identification of themarket demand metho...

Models of forecasting of market demand are analysed in the article and the general principles of these models formation in the context of competitive market are presented. Due to fast changing market conditions, intensive competition and necessity to solve relevant business bearing problems the demand of forecasting information connected with gener...