Books in the Polish Studies in Economics series

Volatility derivatives are today an important group of financial instruments. This book presents an overview of their major classes and their possible applications in investment strategies and portfolio optimization. Volatility is not constant so the book presents its term structure and its potential use in forecasting volatility.

This book analyses how deeply Finnish and Polish second-home owners are integrated into the community's economy. It evaluates second homes considered as a dynamically growing constituent of rural landscape in Europe. The author examines the key drivers of the consumer's behaviour and what the impact of their spending is on the local economy.

This book brings a completely new dimension into the study of determinants of international trade and foreign direct investment in the Central and Eastern European countries that recently joined the European Union. The main aim of the book is to shed a new light on the role of human development in the open economy context.

Employee Stock Options, Payout Policy, and Stock Returns

The book looks at environmental issues calling for international cooperation, such as river management, transboundary air pollution, and climate. It analyses methods used to reduce free-riding in protecting the commons. Agreements considered successful - e.g. the Montreal Protocol - are contrasted with those - e.g. UNFCCC - that are less effective.

This book evaluates the effects of Poland's integration with the EU in the transport sector. Liberalization led to more competitive market structures but the productivity of Polish transport firms is low compared to firms from old EU member states. Nevertheless, Poland's role in the single market is significant in road and rail cargo services.

The book considers optimal fiscal policy in the short and long run for an internationally integrating economy when public borrowing is constrained, and comes up with conclusions that shed new light on the fiscal reforms now being adopted in the European Union.

The book focuses on the nexus between constitutions adopted by post-socialist countries of Europe and Asia after 1989 and economic transition in the region. It takes the perspective of Constitutional Political Economy and uses the novel synthetic control method in empirical analyses to emphasize the role of factual constitutional court independence.

The book examines diverse aspects of Transatlantic Trade and Investment Partnership (TTIP). The contributors analyze the improvement of the position of EU and US in the world economy, as well as in politics and international organisations. They analyse new regulatory standards and the impact on Polish and EU merchandise and services trade.

The book shows the bases for contemporary job analysis. The European Questionnaire for Job Analysis presents a new psychometric and econometric tool to state the specific job requirement profiles for work efficiency in particular job positions. Such profiles create an informational (a)symmetry between employers and employees in a labor market.

The book assesses the size, structure and evolution of the public-private wage gap in Poland, almost 25 years after the onset of the economic transition. Contrary to the previous research, this study demonstrates positive estimates of the public-sector wage premium, with significant differences in terms of space and employee characteristics.