The main goal of this paper is to analyze the matching function in the Polish labour market in 1994‒2008. Matching function is the relationship between outflows from unemployment to employment and the number of unemployed persons and vacancies as well as other variables which affect the efficiency of the matching process directly or indirectly. Such matching function in its augmented form is estimated here for Poland with the use of data from register of unemployed persons. The results indicate that there is a statistically stronger impact of the unemployed than vacancies on new hires. Furthermore, the institutional conditions of the labour market, the structure of the unemployed and the participants of active labour market programs (ALMP) play a role in the matching process.
This paper attempts to find out whether better quality of investor protection matters for the effect of capital ratio on loan growth of large EU banks in 1996-2011. We focus on several measures of the quality of investor protection with a proven track record in the banking literature, i.e.: anti-self-dealing index, ex-ante-control and ex-post-control of anti-self-dealing indices, and creditor protection rights index. Our results show that better investor protection decreases the procyclical impact of capital on lending. This effect is statistically significant for the ex-post-control index. This is consistent with the view that better shareholders rights reduces bank risk-taking, in particular during economic booms, which results in weakened sensitivity of bank lending to capital ratios in economic downturns. This effect holds for both unconsolidated and consolidated data and is robust to sensitivity checks.
A ccording to the Polish Geological and Mining Law the granting of a concession for the exploration of a hydrocarbon deposit and the production of hydrocarbons from a deposit, or a concession for the production of hydrocarbons from a deposit in Poland is proceeded according to a tender procedure or open door procedure (upon a request of an entity). O n June 28, 2018 the Polish Minister of the Environment announced 5 tender areas. These areas (promising for discoveries of conventional and unconventional oil and gas deposits) were selected by the geologists of the Polish Geological Institute-NRI and Department of Geology and Geological Concessions of the Ministry of the Environment based on the geological data resources stored in the National Geological Archive. These are: Bestwina-Czechowice, Królówka, Pyrzyce, Złoczew i Żabowo. The main exploration target on the areas located in central and north-western Poland (Pyrzyce, Żabowo and Złoczew) is related to Permian Rotliegend sandstones and carbonates of the Zechstein/Main Dolomite. The Bestwina-Czechowice and Królówka areas (southern Poland) are prospective for conventional and hybrid-type accumulations of gas in the Miocene of the Carpathian Foredeep below the Carpathian Overthrust and in the Paleozoic-Mesozoic basement. The beginning of the 4th bidding round for hydrocarbon concessions is planned in Q4 2019. The entity can also choose the area and apply for a license submitting an application to the Ministry of the Environment. The area indicated by the entity cannot be the subject of a tender or any other concession, and the maximum acreage is 1,200 km2.