[Springer Proceedings in Business and Economics] Economic and Financial Challenges for Balkan and Eastern European Countries (Proceedings of the 10th International Conference on the Economies of the Balkan and Eastern European Countries in the Changing Wo

This proceedings book presents selected papers from the 10th international conference on the "Economies of the Balkan and Eastern European Countries in the Changing World" (EBEEC), held in Warsaw, Poland, in May 2018. In addition to discussing the latest research, it includes papers adopting a wide variety of theoretical approaches and empirical methodologies and covering a number of key areas, such as international economics, economic growth, finance and banking, insurance, healthcare, agriculture, labor and energy markets, innovation, management and marketing. In addition, the authors discuss policy instruments and best practices for the region. This book appeals to scholars and students in fields of economics and finance as well as practitioners interested in the development of the region. Preface Contents Political Risk Complementarity Between Business Economics and International Relations 1 Introduction 2 Key Theories of International Relations 3 Political Risk in International Relations Theories 3.1 The Political Risk Services (PRS) Index 3.2 The International Country Risk Guide (ICRG) Index 3.3 The Business Environment Risk Intelligence (BERI) Political Risk Index 4 Putting It Altogether 5 Conclusions References The Impact of Public Debt on Economic Growth: Empirical Analyses for Western Balkan Countries 1 Introduction 2 Brief Review of the Literature 3 Economic Growth and Public Debt of the Western Balkan Countries 4 Methodology and Data 4.1 The Data 4.2 Specification of Econometric Models 5 Empirical Results 5.1 Results of Panel VAR and Granger Causality Tests 5.2 Limitations of the Study 6 Conclusions References Inflation and Economic Growth in Turkey: Evidence from a Nonlinear ARDL Approach 1 Introduction 2 Literature Review 3 Data, Methodology, and Empirical Results 3.1 Data Description 3.2 Model Specification 3.3 Empirical Results 4 Conclusion References Distance as Determinant of FDI in Transition Countries. The Case of Serbia 1 Introduction 2 The Concept of Distance, Theory, and Hypothesis Building 2.1 Culture Distance 2.2 Institutional Distance 2.3 Geographic Distance 2.4 Economic Distance 3 The Model, Methodology, Data Sets 3.1 The Dependent Variable 3.2 Independent Variables 4 Empirical Results 5 Conclusion Appendix 1 Appendix 2 References The Financial Services Exports of China and the Role of RMB 1 Introduction 2 The Economy of China 3 The Revealed Comparative Advantage Approach 4 Overview of the Chinese Renminbi 5 Calculation of the Pearson Correlation 6 Conclusion References The Succession in SMEs 1 Introduction 2 Methodology 3 Results and Discussion 4 Conclusions References Innovativeness of Serbian Enterprises as a Factor of Competitiveness Improvement at the International Market 1 Introduction 2 Key Determinants of Innovativeness as a Competitiveness Factor 3 Influence of the Innovation Factors on Enterprise Competitiveness 3.1 Innovation as a Pillar of Competitiveness—Position of Serbia 3.2 Key Weaknesses of Domestic Innovation—Possibilities to Overcome 4 R&D Investment of Private and Public Sector in Serbia—Competitiveness Factor 4.1 Small- and Medium-Sized Enterprises as a Driving Force of National Innovativeness 5 Conclusion References Electric Energy Sector in Turkey and Energy Trading Between Turkey and Balkan Countries 1 Introduction 2 Overview to Energy Sources 3 Relationship with Energy, Economic Growth and Current Account Deficit 4 Electricity Production and Consumption as Sectors by Energy Sources in Turkey 5 Generation, Consumption, Installed Capacity of Electricity in Balkan Countries 6 Electric Energy Trading Between Turkey and Balkan Countries 7 Conclusion References Profitability Determinants of Insurance Companies in the Republic of Serbia 1 Introduction 2 Literature Review 3 Characteristics of the Insurance Sector in the Republic of Serbia 4 Data and Methodology 5 Empirical Results 6 Conclusion References Instruments for Financing Damage in Animal Production in Poland and the European Union 1 Introduction 2 The Role of Animal Production for the Functioning of Farm Households in the European Union 3 Permissible and Used Risk Management Solutions in Animal Production in the European Union 4 Construction of Direct and Indirect Loss Insurance on the Example of Poultry Production Insurance in Poland 4.1 Characteristics of Poultry Production (Broilers) in Poland and Standard Scope of Insurance Coverage 4.2 Example of Using Profit Loss Insurance in Case of Avian Influenza 5 Income Stabilization Fund for Animal Production 6 Conclusions References Private Voluntary Health Insurance: Market in Poland and Determinants of Demand—Review of Literature 1 Introduction 1.1 Financing Health care in Poland 1.2 Market and the Role of Private Voluntary Health Insurance in Poland 2 Analysis of Factors of Demand on Private Health Insurance on the Basis of World Literature Review 2.1 Factors Used to Research Demand for Private Health Insurance—Analysis of World Literature 2.2 Determinants of Demand for Private Health Insurance—A Review of the Results of Research in World Literature 3 Conclusion References Healthcare Goods and Services—An Economic Perspective 1 Introduction 2 Types of Services 2.1 Health Services 2.2 Public, Private and Mixed Goods 2.3 Merit and Demerit Goods 2.4 Complementary and Substitution Goods 2.5 Superior Goods, Normal Goods, Inferior Goods 2.6 Capital Goods and Consumer Goods 2.7 Composite Goods 2.8 Producer, Intermediate and Final Goods 2.9 Experience and Credence Goods 2.10 Tangible and Intangible Goods 2.11 Durable, Non-durable Goods 2.12 Ordinary Goods and Necessity Goods 2.13 Positional and Luxury (Veblen) Goods 2.14 Household Goods 2.15 The Demand for Healthcare Services and Access 2.16 Non-homogeneity of Health Services 3 Conclusion References The Path for Introducing Diagnosis Related Groups (DRGs) in Albanian Health care 1 Introduction 2 Background 3 Healthcare Governance 4 Healthcare Financing 5 The Introduction of DRG in Albanian Health care 6 Conclusions References On a Bertrand Dynamic Game with Differentiated Goods, Heterogeneous Expectations and Asymmetric Cost Functions 1 Introduction 2 The Game 3 First Case: (First Player: Bounded Rational, Second Player: Naïve) 3.1 Dynamical Analysis 4 Second Case: (First Player: Naïve, Second Player: Bounded Rational) 4.1 Dynamical Analysis 5 Conclusion References Forecasting Meal Requirements Using Time Series Methods in Organization 1 Introduction 2 Methodology 2.1 Artificial Neural Networks 2.2 Box–Jenkins Methodology and ARIMA Models 2.3 Facebook Prophet Algorithm 2.4 Forecast Evaluation Methods 2.5 Comparison of Forecasting Techniques 3 Conclusion References The Upcoming Role of the Enterprise Architect—From Overseeing Visualization and Documentation to Becoming the Enabler for Change and Innovation 1 Introduction 2 The Role of the Enterprise Architect 3 Research Method 4 Discussion 4.1 Skillset of the Enterprise Architect 4.2 Tasks and Responsibilities 4.3 Career Path 4.4 Future Evolving Role 4.5 Fostering Business–IT Alignment 5 Conclusion References A Hierarchical Analysis of Internet Adoption and Usage by the Seniors 1 Introduction 2 Seniors and New Technologies 3 Methodology 3.1 Data 3.2 Variables 3.3 Data Analysis 4 Results 5 Discussion 5.1 Future Research References What Happened in Turkey After Booking.com Limitation: Sentiment Analysis of Tweets via Text Mining 1 Introduction 2 Web Traffic of Online Reservation in Turkey After Booking.com Limitation 3 Sentiment Analysis of Turkish Tweets via Text Mining 4 Conclusion References Sentiment Analysis of How Turkish Customers Affected by PayPal Closure 1 Introduction 2 Literature Review 3 Methodology 4 Conclusion References What Is the Priority of the Political Rhetoric of the Russian Presidents: Growth of Bureaucracy or Economic Freedom? 1 Introduction 2 Literature Review 3 Body of Paper 3.1 Data and Methods 3.2 Scrupulous Content Analysis of Government Sources 3.3 Graphical Reflecting of Results 3.4 Results: Verification of Statistical Hypotheses 4 Discussion 5 Conclusion References The Determination of Food Preferences with PROMETHEE Multi-criteria Decision-Making Method: A Web-Based Application 1 Introduction 2 Methods 2.1 PROMETHEE 3 Application 4 Conclusion References The Role of Financial Education in Additional Saving for Retirement 1 Introduction 2 Determinants of Financial Literacy and Education in the Retirement System 3 Methodology and Data 4 Scale and Possibilities of Saving in General and Saving for Retirement 5 Factors of Saving in General and Saving for Retirement 6 The Impact of Literacy and Financial Education on Saving 7 Conclusions References