This paper examines the role of the financial sector in renewable energy (RE) development. Although RE can bring socio-economic and environ- mental benefits, its implementation faces a number of obstacles, especially in non-OECD countries. One of these obstacles is financing: underdevel- oped...

This paper investigates the empirical evidence on determinants of financing decisions on the pool of respondents among financial managers of Czech firms. The theoretical section provides an overview of prominent contemporary theories on capital structure. Employing Chi-square Sign Test and Logit...

The report assesses the macro-financial situation in Georgia. This study explores the private sector financing environment, in particular for the SMEs segment. It examines the needs and obstacles of SMEs in accessing finance as well as the institutional and legal environment they operate in. We...

This paper provides the results of analyses of key problems related to pension systems and their reforms in Russia and Ukraine. The pension systems and their reforms in both countries are compared. They are also compared with the general picture observed in the OECD or selected countries...

All practical evaluations of fiscal sustainability that include the effects of population ageing must utilize demographic forecasts. It is well known that such forecasts are uncertain, and that has been taken into account in some studies by using stochastic population projections jointly with...

Social protection and revenue collection are often regarded as potential drivers of social cohesion. The article joins this debate, providing three main contributions. First, we carefully discuss the concept of social cohesion and endorse one specific definition. Second, we propose using the...

Die äußerst günstigen Finanzierungskonditionen hatten in den 2010er Jahren einen wesentlichen Anteil daran, dass die Bruttostaatsschuldenquote in Deutschland nach der Weltfinanzkrise merklich zurückgeführt wurde. Die Autoren stellen fest, dass es jedoch keineswegs klar ist, wie lange die...

Unsere Untersuchungen zeigen flächendeckend für Deutschland, dass kreisfreie Städte im Vergleich zu kreisangehörigen Gemeinden im Durchschnitt über eine höhere Wirtschafts- und Steuerkraft verfügen. Danach erwirtschaften kreisfreie Städte ein Bruttoinlandsprodukt (BIP) von 50.854 € pro...