Central and Eastern European eDem and eGov Days, 2020
This paper discusses the maturity of data protection and privacy measures in order to develop a b... more This paper discusses the maturity of data protection and privacy measures in order to develop a better understanding of the importance and impacts of this domain. The practical relevance of this topic is that the General Data Protection Regulation provides that data controllers in EU Member States shall comply with uniform data protection rules. Even though European legislation sets detailed requirements for data controllers, the implementation of appropriate technical and organisational measures can be realised at different levels of maturity. Based on the analysis of the pertinent literature, various maturity models are available to assess privacy policies, but GDPR requirements are addressed just partially. The exploration of the issue of maturity offers a new relevant research opportunity to assist data controllers in finding the appropriate methodology for the assessment and further development of their data protection measures. This paper has three main objectives. First, to s...
Central and Eastern European eDem and eGov Days, 2018
This paper focuses on the maturity of e-government services on the domain of European fund manage... more This paper focuses on the maturity of e-government services on the domain of European fund management, to explore the measurability of potential efficiency gains. The practical relevance of the topic is that the current European legislation prescribes that Member States shall offer electronic fund management services to beneficiaries to foment the efficient use of European Structural and Investment Funds. The main driver of this concept is the reduction of administrative burdens which can be achieved by the Europe-wide utilization of paperless fund management tools and by harnessing the interoperability of information systems. In the scientific discourse, the above concept is labelled as “e-Cohesion”. However, the legislation sets quite broad requirements for its implementation, so the e-Cohesion landscape and the intended efficiency gains may appreciably differ from country to country. The exploration of this “digital efficiency divide” offers a new relevant research opportunity. T...
Central and Eastern European eDem and eGov Days, 2018
This paper presents a new approach to measure the effects of e-government concepts on the reducti... more This paper presents a new approach to measure the effects of e-government concepts on the reduction of administrative burdens, in the domain of European fund management. The topic may receive considerable interest since the present European legislation specifies that Member States shall provide online portal services and offer paperless fund management possibilities for beneficiaries in order to reduce the administrative burdens of cohesion policy. This concept is marked with the term “eCohesion” in the scientific discourse. Based on former studies, the concept has several micro- and macro-level attributes that leverage its effectiveness and impact on burden reduction. Nevertheless the level of their influence has not been underpinned by evidence based research yet. Consequently this paper outlines a research design for the measurability and impact assessment of the above attributes. The development of the research design is based on the Standard Cost Model, the widely-used methodol...
The practical relevance of the topic is derived from the Digital Single Market Strategy for Europ... more The practical relevance of the topic is derived from the Digital Single Market Strategy for Europe which promotes the interconnection of public portals to elevate the added value of the digitisation of public services. The interconnection of portals and electronic registers can notably facilitate the reduction of administrative burdens, foment the creation of new digital services and contribute to the creation of the Digital State. Nonetheless, there has been little research on how it works in practice and on its impact on the efficiency of public financial management.
Journal of Entrepreneurship in Emerging Economies, 2020
Purpose The economic situation in Europe is improving, nevertheless in Central and Eastern Europe... more Purpose The economic situation in Europe is improving, nevertheless in Central and Eastern Europe (CEE) entrepreneurs and small and medium enterprises (SMEs) are still lacking in finances. In this situation, public funding can play an important role. Besides grants, the use of financial instruments (FIs) has become increasingly popular lately in CEE as well. This paper aims to examine the micro-level effects of the different financial tools to understand which type of finance could be most recommended for policymakers in relation to improving access to finance for SMEs, and thus achieving long-term, sustainable economic growth. Design/methodology/approach The database used is a panel with firm-years as the units of analysis, the variables contain firm-level characteristics, yearly aggregated information on European Union (EU) subsidies and yearly aggregated information on credits received by the firms. The analyses are done using propensity score matching. The ultimate goal is to sh...
This article outlines an alternative methodology for the assessment of electronic portals in the ... more This article outlines an alternative methodology for the assessment of electronic portals in the domain of European fund management. The topic can attract widespread interest since the present European legislation prescribes that all Member States shall provide digital fund management services for beneficiaries to reduce their administrative burdens. This concept is labelled as “eCohesion” in the scientific discourse. According to preliminary studies eCohesion may bring about an outstanding burden reduction if the concept is implemented on its highest level of sophistication. A recent international research revealed that the efficiency of online portals depends on a series o f functional and procedural factors. These factors form the basis of a specific maturity model that can assist portal owners to exploit the burden reduction potential of eCohesion. This paper has two main aims. First, to analyse the relations of the key factors with multivariate statistical methods. Second, to d...
Over the last few decades, the M4 metro line has been the largest transport infrastructure projec... more Over the last few decades, the M4 metro line has been the largest transport infrastructure project in Budapest. Despite the size and importance of the project, there has been no evaluation of its economic impacts in the scientific literature. This paper addresses this gap and expands the scientific discourse on spatial econometrics, cohesion policy, and sustainable urban development by exploring the impact of the new metro line on real estate prices. To assess the economic effect of the M4 project on the value of nearby properties, the authors use counterfactual impact evaluation along with a measurement of the utility increase in the change in property prices. The research database has been provided by the National Tax and Customs Administration. Sustainable and useful public infrastructure developments will have a positive effect on the value of nearby properties. It is reasonable to assume that easier access to downtown areas can be an added value; however, the increased traffic, crowds, or noise may outweigh these positive impacts. In case of M4, the authors find no significant effects of the stations on the Pest side. Only the new stations that were not connected directly to existing underground lines exert a positive effect on nearby real estate properties. This paper presents original research on the economic effects of the M4 transport project. It determines the factors that increase or decrease the economic effects of the stations. As has been shown, several stations have failed to generate additional economic value. This information is highly useful for the planning of future transport infrastructure projects.
Europe is facing an investment gap and the so-called financial instruments seem to be one of the ... more Europe is facing an investment gap and the so-called financial instruments seem to be one of the solutions. They invest public sources on a repayable basis with a revolving character, which allows for a much greater efficiency in the allocation of public capital and the long-term sustainability of public investment. Policymakers see considerable value in supporting the further development of FIs and their use in both existing and new policy-related areas of activity . The combined-credit is a unique financial development tool where credit and non-repayable assistance can be requested within a single financial product. [10,13] The paper analyses the Hungarian practice using this special financial instrument with the application of information technology, both looking at the empirical evidences and seeking for an answer to the question, whether the combined utilization of financial instruments and grants is effective, useful or not, and how the different IT solutions could affect the efficiency of this financial product. It is argued in this paper that the utilization of information technology can significantly improve the effectiveness of using financial instruments. This paper has three main aims: first, to review the legislation and the approach of Member States on the utilization of financial instruments; second, to analyse current and previous forms of IT support and their impact on the efficient utilization of the above instruments; third, to make proposals for further research on the e-government-based utilization of financial instruments.
Central and Eastern European eDem and eGov Days, 2020
This paper discusses the maturity of data protection and privacy measures in order to develop a b... more This paper discusses the maturity of data protection and privacy measures in order to develop a better understanding of the importance and impacts of this domain. The practical relevance of this topic is that the General Data Protection Regulation provides that data controllers in EU Member States shall comply with uniform data protection rules. Even though European legislation sets detailed requirements for data controllers, the implementation of appropriate technical and organisational measures can be realised at different levels of maturity. Based on the analysis of the pertinent literature, various maturity models are available to assess privacy policies, but GDPR requirements are addressed just partially. The exploration of the issue of maturity offers a new relevant research opportunity to assist data controllers in finding the appropriate methodology for the assessment and further development of their data protection measures. This paper has three main objectives. First, to s...
Central and Eastern European eDem and eGov Days, 2018
This paper focuses on the maturity of e-government services on the domain of European fund manage... more This paper focuses on the maturity of e-government services on the domain of European fund management, to explore the measurability of potential efficiency gains. The practical relevance of the topic is that the current European legislation prescribes that Member States shall offer electronic fund management services to beneficiaries to foment the efficient use of European Structural and Investment Funds. The main driver of this concept is the reduction of administrative burdens which can be achieved by the Europe-wide utilization of paperless fund management tools and by harnessing the interoperability of information systems. In the scientific discourse, the above concept is labelled as “e-Cohesion”. However, the legislation sets quite broad requirements for its implementation, so the e-Cohesion landscape and the intended efficiency gains may appreciably differ from country to country. The exploration of this “digital efficiency divide” offers a new relevant research opportunity. T...
Central and Eastern European eDem and eGov Days, 2018
This paper presents a new approach to measure the effects of e-government concepts on the reducti... more This paper presents a new approach to measure the effects of e-government concepts on the reduction of administrative burdens, in the domain of European fund management. The topic may receive considerable interest since the present European legislation specifies that Member States shall provide online portal services and offer paperless fund management possibilities for beneficiaries in order to reduce the administrative burdens of cohesion policy. This concept is marked with the term “eCohesion” in the scientific discourse. Based on former studies, the concept has several micro- and macro-level attributes that leverage its effectiveness and impact on burden reduction. Nevertheless the level of their influence has not been underpinned by evidence based research yet. Consequently this paper outlines a research design for the measurability and impact assessment of the above attributes. The development of the research design is based on the Standard Cost Model, the widely-used methodol...
The practical relevance of the topic is derived from the Digital Single Market Strategy for Europ... more The practical relevance of the topic is derived from the Digital Single Market Strategy for Europe which promotes the interconnection of public portals to elevate the added value of the digitisation of public services. The interconnection of portals and electronic registers can notably facilitate the reduction of administrative burdens, foment the creation of new digital services and contribute to the creation of the Digital State. Nonetheless, there has been little research on how it works in practice and on its impact on the efficiency of public financial management.
Journal of Entrepreneurship in Emerging Economies, 2020
Purpose The economic situation in Europe is improving, nevertheless in Central and Eastern Europe... more Purpose The economic situation in Europe is improving, nevertheless in Central and Eastern Europe (CEE) entrepreneurs and small and medium enterprises (SMEs) are still lacking in finances. In this situation, public funding can play an important role. Besides grants, the use of financial instruments (FIs) has become increasingly popular lately in CEE as well. This paper aims to examine the micro-level effects of the different financial tools to understand which type of finance could be most recommended for policymakers in relation to improving access to finance for SMEs, and thus achieving long-term, sustainable economic growth. Design/methodology/approach The database used is a panel with firm-years as the units of analysis, the variables contain firm-level characteristics, yearly aggregated information on European Union (EU) subsidies and yearly aggregated information on credits received by the firms. The analyses are done using propensity score matching. The ultimate goal is to sh...
This article outlines an alternative methodology for the assessment of electronic portals in the ... more This article outlines an alternative methodology for the assessment of electronic portals in the domain of European fund management. The topic can attract widespread interest since the present European legislation prescribes that all Member States shall provide digital fund management services for beneficiaries to reduce their administrative burdens. This concept is labelled as “eCohesion” in the scientific discourse. According to preliminary studies eCohesion may bring about an outstanding burden reduction if the concept is implemented on its highest level of sophistication. A recent international research revealed that the efficiency of online portals depends on a series o f functional and procedural factors. These factors form the basis of a specific maturity model that can assist portal owners to exploit the burden reduction potential of eCohesion. This paper has two main aims. First, to analyse the relations of the key factors with multivariate statistical methods. Second, to d...
Over the last few decades, the M4 metro line has been the largest transport infrastructure projec... more Over the last few decades, the M4 metro line has been the largest transport infrastructure project in Budapest. Despite the size and importance of the project, there has been no evaluation of its economic impacts in the scientific literature. This paper addresses this gap and expands the scientific discourse on spatial econometrics, cohesion policy, and sustainable urban development by exploring the impact of the new metro line on real estate prices. To assess the economic effect of the M4 project on the value of nearby properties, the authors use counterfactual impact evaluation along with a measurement of the utility increase in the change in property prices. The research database has been provided by the National Tax and Customs Administration. Sustainable and useful public infrastructure developments will have a positive effect on the value of nearby properties. It is reasonable to assume that easier access to downtown areas can be an added value; however, the increased traffic, crowds, or noise may outweigh these positive impacts. In case of M4, the authors find no significant effects of the stations on the Pest side. Only the new stations that were not connected directly to existing underground lines exert a positive effect on nearby real estate properties. This paper presents original research on the economic effects of the M4 transport project. It determines the factors that increase or decrease the economic effects of the stations. As has been shown, several stations have failed to generate additional economic value. This information is highly useful for the planning of future transport infrastructure projects.
Europe is facing an investment gap and the so-called financial instruments seem to be one of the ... more Europe is facing an investment gap and the so-called financial instruments seem to be one of the solutions. They invest public sources on a repayable basis with a revolving character, which allows for a much greater efficiency in the allocation of public capital and the long-term sustainability of public investment. Policymakers see considerable value in supporting the further development of FIs and their use in both existing and new policy-related areas of activity . The combined-credit is a unique financial development tool where credit and non-repayable assistance can be requested within a single financial product. [10,13] The paper analyses the Hungarian practice using this special financial instrument with the application of information technology, both looking at the empirical evidences and seeking for an answer to the question, whether the combined utilization of financial instruments and grants is effective, useful or not, and how the different IT solutions could affect the efficiency of this financial product. It is argued in this paper that the utilization of information technology can significantly improve the effectiveness of using financial instruments. This paper has three main aims: first, to review the legislation and the approach of Member States on the utilization of financial instruments; second, to analyse current and previous forms of IT support and their impact on the efficient utilization of the above instruments; third, to make proposals for further research on the e-government-based utilization of financial instruments.
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To assess the economic effect of the M4 project on the value of nearby properties, the authors use counterfactual impact evaluation along with a measurement of the utility increase in the change in property prices. The research database has been provided by the National Tax and Customs Administration.
Sustainable and useful public infrastructure developments will have a positive effect on the value of nearby properties. It is reasonable to
assume that easier access to downtown areas can be an added value; however, the increased traffic, crowds, or noise may outweigh these
positive impacts. In case of M4, the authors find no significant effects of the stations on the Pest side. Only the new stations that were not connected directly to existing underground lines exert a positive effect on nearby real estate properties.
This paper presents original research on the economic effects of the M4 transport project. It determines the factors that increase or decrease the economic effects of the stations. As has been shown, several stations have failed to generate additional economic value. This information is highly useful for the planning of future transport infrastructure projects.
The paper analyses the Hungarian practice using this special financial instrument with the application of information technology, both looking at the empirical evidences and seeking for an answer to the question, whether the combined utilization of financial instruments and grants is effective, useful or not, and how the different IT solutions could affect the efficiency of this financial product.
It is argued in this paper that the utilization of information technology can significantly improve the effectiveness of using financial instruments. This paper has three main aims: first, to review the legislation and the approach of Member States on the utilization of financial instruments; second, to analyse current and previous forms of IT support and their impact on the efficient utilization of the above instruments; third, to make proposals for further research on the e-government-based utilization of financial instruments.
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To assess the economic effect of the M4 project on the value of nearby properties, the authors use counterfactual impact evaluation along with a measurement of the utility increase in the change in property prices. The research database has been provided by the National Tax and Customs Administration.
Sustainable and useful public infrastructure developments will have a positive effect on the value of nearby properties. It is reasonable to
assume that easier access to downtown areas can be an added value; however, the increased traffic, crowds, or noise may outweigh these
positive impacts. In case of M4, the authors find no significant effects of the stations on the Pest side. Only the new stations that were not connected directly to existing underground lines exert a positive effect on nearby real estate properties.
This paper presents original research on the economic effects of the M4 transport project. It determines the factors that increase or decrease the economic effects of the stations. As has been shown, several stations have failed to generate additional economic value. This information is highly useful for the planning of future transport infrastructure projects.
The paper analyses the Hungarian practice using this special financial instrument with the application of information technology, both looking at the empirical evidences and seeking for an answer to the question, whether the combined utilization of financial instruments and grants is effective, useful or not, and how the different IT solutions could affect the efficiency of this financial product.
It is argued in this paper that the utilization of information technology can significantly improve the effectiveness of using financial instruments. This paper has three main aims: first, to review the legislation and the approach of Member States on the utilization of financial instruments; second, to analyse current and previous forms of IT support and their impact on the efficient utilization of the above instruments; third, to make proposals for further research on the e-government-based utilization of financial instruments.