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Zagreb International Review of Economics and Business
Volume VII, Number 2 (November 2004)
ABSTRACTS
Negotiations Over Intellectual Property Protection: A Strategic Bargaining Aspect
Ying-Yi Tsai ; Luka Brkic ; Edward McPhail
Abstract: This paper provides a bargaining aspect into the analysis of intellectual property protection across borders. We investigate the conditions under which a mutually accepted level of intellectual property enforcement can be agreed upon between two negotiating governments. We also explore the implications for optimal R&D of the varying degree of intellectual property protection. We find that intellectual property infringement need not always hamper an innovator’s investment choices; zero patenting across borders can be a mutually agreed level of protection in equilibrium; and the degree of ‘trust’ can have a significant impact on the negotiation outcome.
Key words: intellectual property rights; strategic bargaining; innovation; imitation
JEL Classification: C78, F13
A VAR Analysis of Monetary Transmission Mechanism in the European Union
Ivan Lovrinovic ; Manuel Benazic
Abstract: The paper studies the functioning of the monetary transmission mechanism in the EU. It analyses the influence of an increase in short-term interest rate on real and monetary variable e.g. industrial production of the EU members, retail prices, monetary mass and real exchange rate. Frequently used econometric technique of VAR has been used to analyse the monetary transmission mechanism.
Key words: monetary transmission mechanism, interest rate, VAR, decomposition of variance, impulse response
JEL Classification: E42, F3
Business Ethics and Ethics of Care
Jérôme Ballet ; Damien Bazin
Abstract: Corporate social responsibility is increasingly being analysed through the stakeholder approach. However, great contradictions appear as soon as the number of stakeholders increases. The firm is then confronted with the dilemma of managing these stakeholders. Recent models have proposed a classification of stakeholder demands according to power, legitimacy and urgency. Indeed, these three criteria enable us to define demand groups and create lists of priorities in the classification of demands, but the problem is far from being resolved. The present article aims at analysing the problem of managing responsibility through stakeholders. It pays special attention to the classification which could result from an ethical mode of action based upon the ethics of care. As such, we shall argue that such a mode of action considerably inverses the usual order of classification.
Key words: care, ethics, social capital, stakeholders
JEL Classification: M14
Development of the Croatian HR Benchmarks List and its Comparison with the World-Approved Ones
Nina Poloski Vokic ; Maja Vidovic
Abstract: Human resource benchmarking has become increasingly important as organizations strive for better performance. Observing, adapting and reapplying best HR practices from others became the essential management tool. The article defines HR benchmarks appropriate and significant for the Croatian business environment, which were predominantly compensation indicators. In particular, the research revealed that Croatian HR benchmarks are different from HR benchmarks used in developed countries. Namely, in Croatia, HRM as a management activity is still emerging and developing, and, as a result, Croatian HR benchmarks are oriented toward basic HR activities.
Key words: HR benchmarking, HR benchmarks, HR practices, HR indicators
JEL Classification: M50
Financing Local Government in Theory and Practice: Short Lesson from Slovenia
Zan Oplotnik ; Bostjan Brezovnik
Abstract: With decentralisation, decision makers are closer to the results of their decisions. As such, local government is a feature of all EU states, despite many differences between them. An optimal model of local financing is hard to implement, due to high level of political infection, but main principles need to be followed. The model of local financing should lean on suitable vertical allocation of resources, adequate proportion of local revenues coming from own sources and relatively fair equalisation system. However, fiscal autonomy and local discretion over the form of municipal service delivery should not be neglected. This article studies the case of Slovenia.
Key words: fiscal decentralisation, local financing, fiscal federalism, public finance
JEL Classification: E62, H2
State of the Level of Technology in Central and East Europe
Jurica Simurina
Abstract: This paper considers selected technology indicators in Central and East Europe (CEE). Among the selected countries the distinction can be made between countries that joined the EU in May 2004 and other countries in the sample. Differences exist in selected indicators among to performing countries. Other countries have modest to poor performance in general with few exceptions for individual indicators.
Key words: education, literacy, patents, R&D, technology
JEL Classification: O14, O31
BOOK REVIEW
Bruno S. Sergi: Economic Dynamics in Transitional Economies - The Four-P Governments, the EU Enlargement, and the Bruxelles Consensus.
Published by: International Business Press, New York, London, Oxford, 2003, pp. 233, ISBN 0-7890-1636-2.
PRESS RELEASE
Nobel Prize in Economic Sciences 2004 |
