The paradox of educational investments: a comparative analysis of western and Eastern Europe

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Education is widely recognized as a key driver of economic growth, yet the effectiveness of public spending on education varies significantly across different economic and institutional contexts. The study examines the impact of lagged government investments in education, including higher and secondary education, on GDP per capita based on purchasing power parity (PPP) across European countries in the 21st century. The study differentiates between Western Europe, Eastern European EU member states, and Eastern European non-EU countries, analyzing investment trends and their effects on economic growth. Using a cross-country regression analysis based on data from the World Bank and the International Monetary Fund (2001–2023), the study incorporates lagged variables to establish causality. The findings reveal that while investments in education positively influence GDP growth per capita in Western European countries, their effects in Eastern Europe are more complex. In non-EU Eastern European countries, higher government spending on education does not necessarily translate into economic growth and, in some cases, correlates with lower growth rates. These disparities stem from differences in institutional efficiency, labor market structures, migration patterns, and the extent to which education systems align with economic demands. By providing a comparative perspective, this study contributes to the ongoing debate on the role of education in socio-economic development and highlights the need for tailored educational policies that account for country-specific economic and institutional conditions.

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Cashless Payments and Economic Growth in Selected European Countries
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  • Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia
  • Marlena Grzelczak + 1 more

<p>Purpose of the article: The aim of the paper was to show connections between the instruments of cashless payments and economic growth. The goal was to find the answers to the following research questions: What is the current share of payments with the use of particular forms of cashless payments in total payments?; What forms of cashless payments are connected with economic growth measured by real GDP per capita in the group of countries of Central and Eastern Europe and Western Europe?; What is the relation between the value of cashless payments and economic growth measured by real GDP per capita in the group of countries of Central and Eastern Europe and Western Europe?</p><p>Research methods: Spearman’s rank correlation.</p><p>Research results: The authors have found that the highest share in terms of the number of payments in total payments in the countries of Central and Eastern Europe constituted payments with the use of payment cards, then, the payments with the use of a transfer order. Whereas, in the countries of Western Europe, apart from the fact that high percentage of payments in total constituted payments with the use of payment cards and transfer orders, more and more payments are made with the use of the instruments of e-money. Examining mutual relationships, information about correlational connections that occur between economic growth measured by GDP per capita and value of payments with the use of some instruments of cashless payments was obtained. The main conclusion that can be drawn after data analysis is positive relationships between the value of payments with the use of a transfer order, payment card and economic growth found both in the countries of Central and Eastern Europe and the countries of Western Europe. In the countries of Western Europe, the payments with the use of a direct debit turned out to be insignificant, whereas the payments with the use of instruments of e-money were signifiant. Taking into account the force of relationships, it can be said that higher positive correlation is shown by the value of payments with the use of a transfer order with reference to real GDP per capita in the countries of Western Europe (0.80). In the countries of Central and Eastern Europe, it is only 0.48. Mutual connections between the value of payments with the use of payment cards and economic growth are similar in both groups of countries. What is interesting, high impact on real GDP per capita – about 0.80 – is shown by the payments with the use of instruments of e-money. This study may represent a contribution to further research, that is, an analysis of cause-and-effect relationships in the field of cashless payments and economic growth, including division of countries in terms of, for example, the level of wealth.</p><p>Added value: Analysis of current literature on the impact of cashless payments on economic growth and an empirical analysis.</p>

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International comparators and poverty and health in Europe
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Abstract 3710: The gap in cancer mortality between Western and Eastern Europe
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Introduction Health disparities between Eastern and Western part of Europe have been the subject of many studies. Eastern Europe experienced delay in health improvement compared to Western Europe. Life expectancy differences between East and West average 7 years in men and 5 years in women, in favor of the West. Cancer contributes to 12% and 9% of this difference in men and women, respectively. For those 20-64 years, contribution of cancer to this difference is higher at 16% and 24%, respectively. Methods Cancer mortality data and population data (1959-2010) for each country separately were derived from the WHO Mortality Database. Standardized mortality rates were calculated using the world standard population. Results In young men (20-44 years) cancer mortality was equal in Eastern and Western Europe in late 1960s. Since then, a decline in cancer mortality occurred in Western countries while Eastern countries experienced a cancer mortality increase trend. This increase began to decline in Eastern Europe in the early 1990s, decreasing the cancer mortality gap between the two European regions for this sex and age group. Similar trend disparities were observed in middle-aged men (45-64 years). However, the decline since 1990 was much slower in Eastern Europe than Western Europe, resulting in a residual gap between the two regions. The oldest men (65+ years) in Western Europe had a higher cancer mortality rate than Eastern Europe for many decades. In early 1990s cancer mortality in Western Europe declined whilst rising in the East. The trends intersected a decade later and despite the plateau observed in recent years in Eastern Europe, the gap remains persistent. In young women (20-44 years), cancer mortality diverted in the early 1970s as cancer mortality declined steadily in Western Europe while rising in the east, similarly in trend to cancer mortality among young men. By the 1990s, rates declined and the gap between the two regions trended towards closure. In middle-aged women (45-64 years) cancer mortality rates in Eastern Europe plateaued for the whole observation period, while western rates fell steadily since the 1970s, resulting in a residual gap between the two regions. For several decades, cancer mortality rates in the oldest women (65+ years) in Western Europe were higher than in the east and both regions experienced plateaus. By the 1990s western cancer mortality rates declined with little change in eastern trends. A small gap persists between the two regions. Conclusions Despite health improvement, a cancer mortality rate gap between Eastern and Western Europe persists across all sex and age strata. In particular, men at age of 45 years and more, and women at age of 45-64 years, experience the greatest disparities between the two regions. Deficiency of primary prevention and poor health awareness remain biggest challenge in Eastern part of Europe. Citation Format: Marta Manczuk, Urszula Sulkowska, Dana Hashim, Paolo Boffetta. The gap in cancer mortality between Western and Eastern Europe. [abstract]. In: Proceedings of the 106th Annual Meeting of the American Association for Cancer Research; 2015 Apr 18-22; Philadelphia, PA. Philadelphia (PA): AACR; Cancer Res 2015;75(15 Suppl):Abstract nr 3710. doi:10.1158/1538-7445.AM2015-3710

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Purpose: to assess the impact of traditional forms of non-cash payments on economic growth measured by real GDP per capita in Central and Eastern Europe (CEE) and Western Europe. Design/methodology/approach: the following research hypothesis was formulated: the impact of non-cash payments on economic growth is stronger in Central and Eastern European countries than in Western European countries. The research hypothesis was verified based on empirical analysis of panel data for the years 2005-2018 for the CEE and Western European countries. The following 10 CEECs participated in the research: Slovakia, Bulgaria, Poland, Czech Republic, Hungary, Romania, Lithuania, Latvia, Estonia, Slovenia and eight countries from Western Europe: France, Austria, Belgium, Germany, Netherlands, Luxembourg, Ireland, the United Kingdom. Findings: in CEECs the value of transactions with payment cards had the largest impact on economic growth – an increase in the value of transactions using this payment instrument by one percentage point causes real GDP per capita increase by 0,23 percentage point. On the other hand, an increase in the value of transactions using credit transfers by one percentage point increased real GDP per capita by 0,10 percentage point. the direct debit transactions had a positive impact on the explained variable in the CEE countries – real GDP growth by 0,06 percentage point. Research limitations/implications: The results of the empirical study, likewise in literature, indicated a significant, positive impact of non-cash payments on real GDP per capita growth. The impact on real GDP per capita is only effective for the CEE countries. In Western European countries the level of non-cash transactions reached a certain level of saturation. That was a proved by ineffective iterations performed on various functional forms of the econometric model on panel data. In the group of CEE countries, the value of transactions with payment cards has the greatest impact on real GDP per capita. Originality/value: analysis of current literature on the impact of non-cash payments on economic growth and an empirical analysis. Keywords: household financial management, non-cash turnover, economic growth, real GDP per capita, public management. Category of the paper: Research paper.

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Introduction: Discourses of Social and Political Transformation in the ‘New Europe’
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When in January 2003 European politics became divided over the (forthcoming) US-led invasion of Iraq, the US Secretary of Defence Donald Rumsfeld controversially spoke about ‘old Europe’ to refer to the (Western) European countries which did not want to join the US in their anti-Iraq actions. Though initially treated as just a diplomatic mistake or a slip of the tongue, Rumsfeld’s label was quickly picked up by the media in several European countries: debates started on who actually belongs to the ‘old Europe’ (in addition to France, Germany and other Western European opponents of the US), while even more intensified efforts were made to define who, in fact, could thus belong to the counter-category of the ‘new Europe’. Members of the latter were soon identified among several Central and Eastern European countries (CEECs), an astonishing majority of which supported the US invasion. And, although many Western European countries (such as, for example, the UK, Denmark, the Netherlands and Italy) supported the US in the 2003 invasion on an equal footing with their Central and Eastern European allies, it was only the latter who were defined as the ‘new Europe’. That label has persisted until today, contrary to that of the ‘old Europe’ which disappeared from the public debates once the intra-European divisions over the Iraq crisis calmed down.

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  • Orvosi hetilap
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  • 10.22004/ag.econ.120045
Work Values in Western and Eastern Europe
  • Jan 31, 2012
  • Benno Torgler

The paper reports on work values in Europe. At the country level we find that job satisfaction is related to lower working hours, higher well-being, and a higher GDP per capita. Moving to the micro level, we turn our attention from job satisfaction to analyse empirically work centrality and work value dimensions (without exploring empirically job satisfaction) related to intrinsic and extrinsic values, power and social elements. The results indicate substantial differences between Eastern and Western Europe. Socio-demographic factors, education, income, religiosity and religious denomination are significant influences. We find additional differences between Eastern and Western Europe regarding work-leisure and work-family centrality that could be driven by institutional conditions. Furthermore, hierarchical cluster analyses report further levels of dissimilarity among European countries.

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