P5-0287 — Annual report 2010
1.
VOJINOVIĆ, Borut, OPLOTNIK, Žan, PROCHNIAK, Mariusz. EU enlargement and real economic convergence.

Article presents the analysis of unconditional ß and ? convergence between the ten European countries that accessed the European Union in 2004. Unconditional ß convergence means that less developed countries grow faster than more developed countries. Our results confirm the existence of both types of convergence in the second half of the 1990s and the 2000s.

COBISS.SI-ID: 10465564
2.
Štiblar Franjo: The South East European Crisis caused by Finance and Its Reform to Enable Sustainable Growth

The article elaborates what needs to be done in the countries of South East Europe region to get out of the present crisis and avoid next global crisis, and, if avoidance is not possible, how to mitigate the impact of next crisis. It describes country-by-country financial sector in crisis and proposes specific solutions.

COBISS.SI-ID: 32470573
3.
FESTIĆ, Mejra, REPINA, Sebastijan, VOLČJAK, Robert. Estimating Coal Price Dynamics with the Principal Components Method.

We assessed the influence of prices and the use of other energy sources, environmental measures, energy efficiency and the influence of electricity market liberalisation on coal price movements. Our estimation shows that, if the prices of other energy sources increases, the price of coal increases. If the use of other energy sources increases, and if the gross uses of industrial waste and renewable resources increase, the price of coal decreases.

COBISS.SI-ID: 10355484
4.
KAVKLER, Alenka, FESTIĆ, Mejra. Modelling Stock Exchange Index Returns in Different GDP Growth Regimes.

As STR models naturally lend themselves to modeling structural breaks and may be a useful tool for incorporating asymmetries in the dynamics among different variables, the STR methodology has been extensively used in economics and finance. In this investigation we attempt to explain the returns of SBI20 with the help of GDP, interest rates and other financial and macroeconomic variables. Additionally it has proven useful to introduce the S&P 500 and DAX stock market indices into the nonlinear equation.

COBISS.SI-ID: 10355484
5.
FESTIĆ, Mejra, REPINA, Sebastijan. Economic activity and natural gas as a potential destabilizer of the Slovenian economy.

An empirical analysis has proven that the natural gas does have the potential of forecasting production trends in individual industries within the Slovenian economy. By using the dynamics of natural gas price movements (and other explanatory variables), we can forecast the dynamics of movements in the production. The obtained results suggest that natural gas price shocks can influence economic activity beyond those explained by direct input cost effects and via the indirect effect of possibly delaying the purchase of goods.

COBISS.SI-ID: 10103068