Skip to main content
SpringerLink
Log in

Relations Among Social and Economic Order in European Union Countries

  • Conference paper
  • First Online:
Eurasian Economic Perspectives

Part of the book series: Eurasian Studies in Business and Economics ((EBES,volume 8/2))

  • 609 Accesses

Abstract

The article concentrates on the problem of sustainability at country level in European Union. Special attention is given here to the relations between two pillars of sustainable development concept: social order and economic order. Thus, the aim of the article is to analyze relationship between the social and economic spheres for European Union members states. The concept of sustainability and its pillars are considered as a multiple-criteria and latent phenomenon. As a result they are analyzed with application of structural equation modeling (SEM). The applied methodology includes confirmatory factor analysis and path analysis. SEM model was used here as it enables to analyse the interrelations between latent variables, which are the result of influence of many factors. The research is conducted with application of data provided by Central Statistical Office of Poland for the years 2004–2013. The applied model enabled to confirm significant influence of the social order on the economic order.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution

Institutional subscriptions

Notes

  1. 1.

    The estimation was made in the AMOS package.

References

  • Anderson, S., & Francois, P. (2008). Formalizing informal institutions: Theory and evidence from a Kenyan slum. In E. Helpman (Ed.), Institutions and economic performance. Cambridge, MA: Harvard University Press.

    Google Scholar 

  • Balcerzak, A. P. (2009). Effectiveness of the institutional system related to the potential of the knowledge based economy. Ekonomista, 6, 711–739.

    Google Scholar 

  • Balcerzak, A. P. (2015). Europe 2020 strategy and structural diversity between old and new member states. Application of zero-unitarizatin method for dynamic analysis in the years 2004–2013. Economics and Sociology, 8(2), 190–210.

    Article  Google Scholar 

  • Balcerzak, A. P. (2016a). Technological potential of European economy. Proposition of measurement with application of multiple criteria decision analysis. Montenegrin Journal of Economics, 12(3), 7–17.

    Article  Google Scholar 

  • Balcerzak, A. P. (2016b). Multiple-criteria evaluation of quality of human capital in the European Union countries. Economics and Sociology, 9(2), 11–27.

    Article  Google Scholar 

  • Balcerzak, A. P. (2016c). Fiscal burden in the European Union countries. Economics Annals XXI, 161(9–10), 4–6.

    Google Scholar 

  • Balcerzak, A. P., & Pietrzak, M. B. (2016a). Structural equation modeling in evaluation of technological potential of European union countries in the years 2008–2012. In M. Papież & S. Śmiech (Eds.), The 10th professor Aleksander Zelias international conference on modelling and forecasting of socio-economic phenomena. Conference proceedings (pp. 9–18). Cracow: Foundation of the Cracow University of Economics [online]. Accessed December 8, 2016, from http://econpapers.repec.org/bookchap/pesecchap/10.htm

  • Balcerzak, A. P., & Pietrzak, M. B. (2016b). Quality of institutions for knowledge-based economy within new institutional economics framework. Multiple criteria decision analysis for European Countries in the Years 2000–2013. Economics and Sociology, 9(4), 66–81.

    Article  Google Scholar 

  • Balcerzak, A. P., & Pietrzak, M. B (2016c, September 8–10). Application of TOPSIS method for analysis of sustainable development in European Union countries. In T. Losterand & T. Pavelka (Eds.), The 10th international days of statistics and economics. Conference proceedings (pp. 82–92). Prague: Libuse Macakova, Melandrium.

    Google Scholar 

  • Balcerzak, A. P., & Pietrzak, M. P. (2016d). TOPSIS analysis of changes of quality of human capital in European Union countries. In I. Simberova, O. Zizlavsky, & F. Milichovsky (Eds.), ICEM 2016 International scientific conference economics and management. Smart and efficient economy: Preparation for future innovative economy. 21 International scientific conference. Proceedings of selected papers (pp. 80–85). Brno: Brno University of Technology Faculty of Business and Management.

    Google Scholar 

  • Balcerzak, A. P., & Pietrzak, M. B. (2016e). Quality of human capital in European Union in the years 2004–2013. Application of structural equation modeling. In Proceedings of the International scientific conference quantitative methods in economics multiple criteria decision making XVIII (pp. 7–12). Vratna: Letra Interactive [online]. Accessed December 8, 2016, from http://econpapers.repec.org/bookchap/pesecchap/14.htm

  • Balcerzak, A. P., & Pietrzak, M. B. (2017a). Human development and quality of institutions in highly developed countries. In M. H. Bilgin, H. Danis, E. Demir, & U. Can (Eds.), Financial environment and business development. Proceedings of the 16th Eurasia Business and Economics Society (pp. 231–241). Cham: Springer.

    Google Scholar 

  • Balcerzak, A. P., & Pietrzak, M. B. (2017b). Sustainable development in the European Union in the years 2004–2013. In M. H. Bilgin & H. Danis (Eds.), Proceedings of the 19th Eurasia business and economics society. Cham: Springer.

    Google Scholar 

  • Balcerzak, A. P., Pietrzak, M. B., & Rogalska, E. (2016). Fiscal contractions in Eurozone in the years 1995–2012: Can non-Keynesian effects be helpful in future deleverage process?. In M. H. Bilgin, H. Danis, E. Demir, & U. Can (Eds.), Business challenges in the changing economic landscape: Vol. 1. Proceedings of the 14th Eurasia Business and Economics Society (pp. 483–496). Cham: Springer.

    Google Scholar 

  • Balcerzak, A. P., & Rogalska, E. (2016). Non-Keynesian effects of fiscal consolidations in Central Europe in the years 2000–2013. In: M. H. Bilgin & H. Danis (Eds.), Entrepreneurship, business and economics: Vol. 2. Proceedings of the 15th Eurasia business and economics society (pp. 271–282). Cham: Springer.

    Google Scholar 

  • Bollen, K. A. (1989). Structural equations with latent variables. New York: Wiley.

    Book  Google Scholar 

  • Brown, T. A. (2006). Confirmatory factor analysis for applied research. London: Guilford Press.

    Google Scholar 

  • Byrne, B. M. (2010). Structural equation modeling with AMOS: Basic concepts, applications, and programming. New York: Routledge/Taylor & Francis.

    Google Scholar 

  • Cronbach, L. J. (1951). Coefficient alpha and the internal structure of tests. Psychometrika, 16(3), 297–334.

    Article  Google Scholar 

  • Czaplak, J. (2016). Analysis of the effectiveness of public services provision by local governments in the years 2007–2013. Oeconomia Copernicana, 7(2), 223–243.

    Article  Google Scholar 

  • Davis, L. E., & North, D. C. (1971). Institutional change and American economic growth. New York: Cambridge University Press.

    Book  Google Scholar 

  • Diaz-Chavez, R. (2014). Indicators for socio-economic sustainability assessment. In D. Rutz & R. Janssen (Eds.), Socio-economic impacts of bioenergy production (pp. 17–37). Cham: Springer.

    Chapter  Google Scholar 

  • European Commission. (2010). Europe 2020 a strategy for smart, sustainable and inclusive growth. Communication from the commission. Brussels. 3.3.2010 COM(2010) 2020 [online]. Accessed December 8, 2016, from http://ec.europa.eu/eu2020/pdf/COMPLET%20EN%20BARROSO%20%20%20007%20-%20Europe%202020%20-%20EN%20version.pdf

  • Hellwig, Z. (1972). Procedure of evaluating high-level manpower data and typology of countries by means of the taxonomic method. In Z. Gostowski (Ed.), Towards a system of human resources indicators for less developed countries. Papers prepared for a UNESCO research project. Wrocław: Ossolineum-The Polish Academy of Sciences, pp. 115–134.

    Google Scholar 

  • Jantoń-Drozdowska, E., & Majewska, M. (2016). Investment attractiveness of Central and Eastern European countries in the light of new locational advantages development. Equilibrium Quarterly Journal of Economics and Economic Policy, 11(1), 97–119.

    Google Scholar 

  • Kaplan, D. (2000). Structural equation modeling: Foundations and extensions. New York: Sage.

    Google Scholar 

  • Kawiorska, D. (2016). Healthcare in the light of the concept of welfare state regimes – comparative analysis of EU member states. Oeconomia Copernicana, 7(2), 187–206.

    Article  Google Scholar 

  • Kordalska, A., & Olczyk, M. (2016). Global competitiveness and economic growth: A one-way or two-way relationship? Equilibrium Quarterly Journal of Economics and Economic Policy, 11(1), 121–142.

    Google Scholar 

  • Lajtkepová, E. (2016). Differences and similarities in the indebtedness of EU member states after last financial crisis. Oeconomia Copernicana, 7(4), 551–563.

    Article  Google Scholar 

  • Loehlin, J. C. (1987). Latent variable models: An introduction to factor, path and structural analysis. Hillsdale, NJ: Erlbaum Associates.

    Google Scholar 

  • Łyszczarz, B. (2016). Public-private mix and performance of health care systems in CEE and CIS countries. Oeconomia Copernicana, 7(2), 169–185.

    Article  Google Scholar 

  • Małkowska, A., & Głuszak, M. (2016). Pro-investment local policies in the area of real estate economics – similarities and differences in the strategies used by communes. Oeconomia Copernicana, 7(2), 269–283.

    Article  Google Scholar 

  • North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge: Cambridge University Press.

    Book  Google Scholar 

  • Pearl, J. (2000). Causality. Models, reasoning and inference. Cambridge: Cambridge University Press.

    Google Scholar 

  • Pietrzak, M. B. (2016). The problem of the inclusion of spatial dependence within the TOPSIS method. Montenegrin Journal of Economics, 12(3), 69–86.

    Article  Google Scholar 

  • Pietrzak, M. B., & Balcerzak, A. P. (2016a). Assessment of socio-economic sustainability in new European Union members states in the years 2004–2012. In M. Papież & S. Śmiech (Eds.), The 10th professor Aleksander Zelias international conference on modelling and forecasting of socio-economic phenomena. Conference proceedings (pp. 120–129). Cracow: Foundation of the Cracow University of Economics [online]. Accessed December 8, 2016, from http://econpapers.repec.org/bookchap/pesecchap/11.htm

  • Pietrzak, M. B., & Balcerzak, A. P. (2016b). Socio-economic sustainability in Poland. SEM analysis atregional level. In In 16th international scientific conference globalization and its socio-economic consequences. University of Zilina, The Faculty of Operation and Economics of Transport and Communication, Department of Economics [online]. Accessed December 8, 2016, from http://econpapers.repec.org/paper/peswpaper/2016_3ano20.htm

  • Pietrzak, M. B., & Balcerzak, A. P. (2017). A regional scale analysis of economic convergence in Poland in the years 2004–2012. In M. H. Bilgin & H. Danis (Eds.), Proceedings of the 19th Eurasia business and economics society. Cham: Springer.

    Google Scholar 

  • Pietrzak, M. B., Wilk, J., Kossowski, T., & Bivand, R. (2014). The identification of spatial dependence in the analysis of regional economic development – join-count test application. In M. Papież & S. Śmiech (Eds.), Proceedings of the 8th professor Aleksander Zelias international conference on modelling and forecasting of socio-economic phenomena (pp. 135–144). Cracow: Foundation of the Cracow University of Economics.

    Google Scholar 

  • Pietrzak, M. B., Wilk, J., & Siekaniec, M. (2013). The impact of metropolitan areas on internal migrations in Poland. The case of southern regions. In M. Papież & S. Śmiech (Eds.), Proceedings of the 7th professor Aleksander Zelias international conference on modelling and forecasting of socio-economic phenomena (pp. 124–132). Cracow: Foundation of the Cracow University of Economics.

    Google Scholar 

  • Pietrzak, M. B., Żurek, M., Matusik, S., & Wilk, J. (2012). Application of structural equation modeling for analyzing internal migration phenomena in Poland. Przegląd Statystyczny, 59(4), 487–503.

    Google Scholar 

  • Sekuła, A., & Śmiechowicz, J. (2016). Systems of general grants for local governments in selected EU countries against the background of the general theory of fiscal policy. Equilibrium. Quarterly Journal of Economics and Economic Policy, 11(4), 711–734.

    Google Scholar 

  • Usubiaga, A., Bahn-Walkowiak, B., Schepelmann, P., Rozo, J. A., Tunçer, B. T., Hicks, C. D., & Guillén, G. (2012). Institutional framework for sustainable development in the context of the forthcoming Rio+20 Summit. Directorate General For Internal Policies. Policy Department A: Economic and Scientific Policy. European Parliament. Accessed December 8, 2016, from http://www.europarl.europa.eu/document/activities/cont/201203/20120313ATT40720/20120313ATT40720EN.pdf

Download references

Author information

Authors and Affiliations

  1. Department of Economics, Nicolaus Copernicus University in Torun, Toruń, Poland

    Adam P. Balcerzak

  2. Department of Econometrics and Statistics, Nicolaus Copernicus University in Torun, Toruń, Poland

    Michał Bernard Pietrzak

Authors
  1. Adam P. Balcerzak
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Michał Bernard Pietrzak
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Adam P. Balcerzak .

Editor information

Editors and Affiliations

  1. Faculty of Political Sciences, Istanbul Medeniyet University, Istanbul, Turkey

    Mehmet Huseyin Bilgin

  2. MUFG Union Bank, San Francisco, California, USA

    Hakan Danis

  3. Faculty of Tourism, Istanbul Medeniyet University, Istanbul, Turkey

    Ender Demir

  4. Eurasia Business & Economic Society, Fatih, Istanbul, Turkey

    Ugur Can

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Balcerzak, A.P., Pietrzak, M.B. (2018). Relations Among Social and Economic Order in European Union Countries. In: Bilgin, M., Danis, H., Demir, E., Can, U. (eds) Eurasian Economic Perspectives. Eurasian Studies in Business and Economics, vol 8/2. Springer, Cham. https://doi.org/10.1007/978-3-319-67916-7_25

Download citation

Publish with us

Policies and ethics

Search

Navigation