Transport infrastructure in the Baltic States post-EU succession

Developments in freight transport and transport infrastructure have a strong influence on economic growth. The Baltic States have recently undergone a transformation from planned economies to market orientation. The interest in the Baltic States originates from their importance as new markets within the European Union, and their transit function for trade with Russia. Rising trade volumes and increasing freight transport are forecasted in the near term for the region. This study aims at developing an understanding of the regulatory, structural and developmental conditions and trends affecting the transport infrastructure in a region in economic transition, namely the Baltic States, in the light of its current economic development. Comparisons are made with Buchhofer’s [Buchhofer, E., 1995. Transport infrastructure in the Baltic States during the transformation to market economies. Journal of Transport Geography 3(1), 69–75] assessment of transport infrastructure in the Baltic States in the early years of transformation to market economies.     

Führen viele Wege nach Rom?

There are hardly any data on the situation of post-doc scholars in the field of communication and media studies. This study describes the employment, job satisfaction, mentoring, and career concepts and strategies of post-docs in the field. A survey among post-docs in the German-speaking countries shows that they are satisfied with their job situation, especially the kind of work they have to do and the flexibility of their working hours. They also aspire to a career in academia. Competition and obstacles on the career path are, however, perceived as considerable. Some strategies such as publishing in international journals are seen as promising, but hard to attain. Only those post-docs who are supported by the professor they work for succeed in publishing much and getting to be known internationally. Other groups are less successful in reaching their goals or pursue the traditional career path of habilitation.     

Strategic imperatives,power and subsidiary performance: the transfer of human resource management practices in multinational companies operating in Poland's post‐socialist banking industry

We examine the extent to which institutional influences account for the transfer of performance management systems in two foreign‐owned banks, one German the other Irish, in Poland. While we find they were important, more important were the joint effects arising from the subsidiaries' times‐of‐acquisition, their pre‐acquisition economic health, the international experience of the MNCs' management, headquarters‐generated strategic imperatives and the political dynamics that ensued between corporate and local management.     

Optimizing the storage assignment in a warehouse served by milkrun logistics

This paper addresses the problem of storage assignment in a warehouse characterized by multi-command picking and served by milkrun logistics. In such a logistic system, vehicles circulate between the warehouse and the production facilities of the plant according to a pre-defined schedule, often with multiple cycles (routes) serving different departments. We assume that a request probability can be assigned to each item and each cycle, which leads to a special case of the correlated storage assignment problem. A MIP model is proposed for finding a class-based storage policy that minimizes the order cycle time, the average picking effort, or a linear combination of these two criteria. Computational experiments show that our approach can achieve an up to 36–38% improvement in either criterion compared to the classical COI-based strategy.     

Monetary policy in steering the EONIA and POLONIA rates in the Eurosystem and Poland: a comparative analysis

The effectiveness of the monetary policies of the European Central Bank (ECB) and the Narodowy Bank Polski (NBP) is compared directly in terms of influencing the spread between the interbank overnight rate and the main rates of the central banks during periods of different economic conditions, i.e. the global financial crisis of 2008, the European sovereign debt crisis and the period of relative stability. Three categories of determinants of the Euro Overnight Index Average/Polish Overnight Index Average (EONIA/POLONIA) spreads are considered: (1) monetary policy instruments such as open market operations, standing facilities and minimum reserve requirements; (2) measures of liquidity conditions; and (3) market expectations and risk measures. Applying the ARFIMA–GARCH models, we show that the statistical and economic properties of the EONIA and POLONIA spreads are quite different. The EONIA spread has a long memory while the POLONIA spread is characterized by a short memory. This difference is important from the viewpoint of a stabilizing monetary policy. The impact of shocks on the future levels of the spread was stronger for the POLONIA spread, but it was short-lived in comparison with the EONIA spread. Most of the analysed variables significantly influenced the spreads during the financial crisis, while the biggest differences in the impact of determinants between the EONIA and POLONIA spreads occurred during the period of relative stability. Substantial differences also exist between the volatilities of both spreads.     

Productivity and Convergence in European Agriculture

We investigate relative productivity levels and decompose productivity change for European agriculture between 2004 and 2013. Specifically (i) we contribute to the debate on whether agricultural Total Factor Productivity (TFP) has declined or not in the European Union (EU); (ii) we compare the relative TFP level across EU Member States and investigate the difference between ‘old’ Member States (OMS, i.e. the EU‐15) and ‘new’ Member States (NMS); and (iii) we test whether TFP is converging or not among Member States. The empirical analysis applies an aggregate quantity framework to country‐level panel data from the Economic Accounts for Agriculture for 23 EU Member States. The results imply that TFP has slightly decreased in the EU over the analysed period; however there are significant differences between the OMS and NMS and across Member States. Finally, our estimates suggest that productivity is generally converging over this period, albeit slowly.     

Quality Upgrades of EU Agri‐Food Exports

We investigate determinants of quality upgrades in EU agri‐food exports using panel data models for the period 2000–2011. By employing highly disaggregated data we show that the unit value of exports is positively correlated to level of economic development and size of population. Our results highlight the negative impacts of comparative advantage and trade costs on upgrades in export quality. Our analysis partly confirms the role of income distribution in quality specialisation, that greater income inequality increases specialisation in quality upgrades. Findings are robust when applied to alternative subsamples, including vertically specialised and final agri‐food products.     

Aging and house prices

The paper investigates how aging will affect house prices. It uses for the first time a house price dataset covering 22 advanced economies. The analysis finds that demography did and will affect real house prices significantly. The results suggest that a major shift is taking place. In the past 40 years, on average demography increased advanced economy real house prices by around 30 basis points per annum, while in the next 40 years aging will decrease them on average by around 80 basis points per annum compared to neutral demographics. The shift from demographic tailwinds to headwinds might also be relevant when thinking about financial asset prices.