Angele Kedaitiene - Academia.edu (original) (raw)

Papers by Angele Kedaitiene

Socialiniai tyrimai, 2012

The paper aims at analysing the macroeconomic effects of the Europe 2020 Strategy taking into acc... more The paper aims at analysing the macroeconomic effects of the Europe 2020 Strategy taking into account economic growth theories. The research problem relates to defining differences how various EU policies, materializing themselves through statistical indicators, impact the EU economic growth as well as how different EU member states are regarding the implementation of Europe 2020. It consists of 3 interrelated parts. The first one presents the analysis framework, i.e. describes the theories of economic growth and methods, such as correlation analysis and cluster analysis, and a data set, i.e. GDP indicators, Europe 2020, macroeconomic imbalances, fiscal indicators and the innovation index. The second part analyses the results of correlation analysis between GDP growth rates and GDP per capita as a dependant variable and 17 other indicators. On the EU level the level of innovations, energy efficiency, current account balance and expenditures for R&D over 2000-2010 ha the strongest impact on economic growth with the correlation coefficient above 0.7. The third part presents the results of cluster analysis. The EU member states are quite different regarding the Europe 2020 indicators, thus 5 identical clusters were obtained, such as the power of Europe, Scandinavian excellence, the Southern path, the middle class Europe, the poverty Europe.

Socialiniai tyrimai, 2012

The article aims at research on contemporary aspects of insurance industry economics, taking into... more The article aims at research on contemporary aspects of insurance industry economics, taking into account the situation related to the GDP and insurance premium growth as well as the problem of the insurance fraud and providing the examples from Denmark. This would be the first article on the subject, the next one, on the sociology of the insurance fraud, will be submitted to the later issue of this journal. The article has 4 interrelated parts focusing around the relation of insurance premiums growth and GDP growth, reflecting upon the economic growth of the countries, around the business cycle of the Danish insurance industry, as well as the impact of fraud on the economy. These empirical parts are supplemented by the theory of fraud and methodological notes, related to calculations.

Europa 2020 is an umbrella strategy of the European Union covering the years of 2011-2020 and aim... more Europa 2020 is an umbrella strategy of the European Union covering the years of 2011-2020 and aiming at economic growth while taking into account recent theories of economic growth and underlying importance of R&D along with innovations. Although, recent financial and economic crisis took a lot of attention towards solving the fiscal and financial problems related to the public debt, governmental budgets, structural reforms, bailouts of the banks and of the entire countries in Europe, - the economic growth, although being reconsidered, gets back to the economic agenda of the countries. The analysis of macroeconomic impact of Europe 2020 strategy has been done on the basis of correlation and cluster analysis, while using 19 statistical indicators in total, basically for the historical years of 2000-2010. Furthermore, economic experts were asked to provide for the opinion regarding external dimension of Europe 2020 strategy, while comparing the economic growth factors in the major economies of the World. The results got promising, although some problems remain.

Management Theory and Studies for Rural Business and Infrastructure Development, 2006

Ekonomika, Dec 1, 1999

The interest in relationships marketing has grown in recent years and is now beginning to take ce... more The interest in relationships marketing has grown in recent years and is now beginning to take center stage in marketing thought and research. Relationships marketing covers the whole spectrum of marketing's sub-disciplines and also integrates concepts and theoretical paradigms from several social science disciplines, including economics, sociology, psychology and political science. The full potential of relationships marketing has implications for organizational changes and for creating superior marketing value. Several indications suggest that it will have a broad appeal and would encourage widespread academic inquiry. The aim of this article would be to present various points of view to relationships marketing and highlight concepts which, according to authors point of view, carry out the highest level of relationships marketing correlation with classical marketing theory and which are the most important to present practical marketing activity, to marketing management and marketing research. Relationships marketing definition Relationship marketing is the practice of building long-term satisfying relationships with key parties: customers, suppliers, distributors-in order to retain their long-term preference and business. Smart marketers try to build long-term, trnsting, "willwin" relationships with valued customers, distributors, dealers and suppliers. They accomplish this by promising and delivering high quality, good service and fair prices to the other parties over time. Relationship marketing results in strong economic, technical and social ties among the parties. It also cuts down on transaction costs and time. The ultimate outcome of relationship marketing is the building of a unique company asset 68 called a marketing network. A marketing network consists of the company and all of its supporting stakeholders: customer, employee, suppliers, distributors, retailers, ad agencies, university scientists, and others with whom it has built mutually profitable business relationships. Increasingly, competition is not between companies, but between whole networks, with the prize going to the company that has built the better network. (Kotler, 1997, p.12-13). These paragraphs from the leading American textbook on marketing provide arguments, that relationship marketing has "arrived" in marketing theory and practice. Kotler includes relationships and networks as one of the seven

Lietuvos statistikos darbai, Dec 20, 2010

Ekonomika, Dec 1, 2002

This paper focuses on the theory of vertical coordination and its application to agriculture and ... more This paper focuses on the theory of vertical coordination and its application to agriculture and the dairy industry. More specially, the paper analyses the distribution of Lithuanian dairy products in both the domestic and international market. The domestic retail system and tendencies in dairy product foreign trade are surveyed in this paper as well.

Procedia - Social and Behavioral Sciences, 2014

A Europe 2020 is the umbrella strategy of the European Union (EU) aiming at enhancing of the econ... more A Europe 2020 is the umbrella strategy of the European Union (EU) aiming at enhancing of the economic growth of EU over year 2010-2020. Apart of the headline indicators and flagship initiatives, the successful implementation of the Europe 2020 strategy depends from number of the framework polices of the EU, such as single market, budget, but also the external economic relations. The external economic relations depend directly to the theories of economic growth, in sense of the classical growth theory, inspired by two great economists Adam Smith and David Ricardo, which has considered internationalization and opening of the economies as one of the core growth factors. According to the survey of economic experts, implementation of Europe 2020 strategy will depend in equal parts, both from internal, but also from the external polices of EU. In this regard, external economic relations provide for very good framework continuous, as EU external trade grew over the years 2011-2012 significantly, the export increased by 71% and import-by 74%. Related to the EU external trade policies in general, they are manifold, starting from the negotiations of the international trade conditions within frames of World Trade Organization, stretching to the framework EU initiatives of Generalizes system of preferences (Everything but arms/EBA, GSP+) and bilateral trade agreements, which, as from year 2006 became the preferred international trade policy of EU. Recently, the free trade agreement between EU and USA are about to be negotiated, which will establish unique TransAtlantic free trade area, boosting the economic growth by at least 0,5% annually, thus, it will add significantly to implementation of Europe 2020 strategy.

Ekonomika, May 7, 2020

The article aims at ascertaining the relationship between indicators affecting the green economic... more The article aims at ascertaining the relationship between indicators affecting the green economic growth of the Eurozone countries. Despite extensive research, scientists have not yet found a clear answer as to whether economic growth and climate change mitigation can be aligned. Another important aspect of the study was to investigate the possible effect of environmental policies on macroeconomic variables such as GDP, investment, employment, and trade. The authors of the article applied the PVAR econometric model to measure the impact of energy consumption, CO2 emissions, and some of the macroeconomic indicators on GDP growth in 19 countries of the Eurozone for years 2000-2016. Based on the results, we cannot yet state explicitly that economic growth in the Eurozone countries has been decoupled from climate change mitigation; however, green transition is on the right track.

Social Science Research Network, 2022

The way in which climate policy and climate risks are currently accounted for in financial and re... more The way in which climate policy and climate risks are currently accounted for in financial and real investment decisions is inadequate. The paper demonstrates weaknesses in methods presently used and proposes an alternative that aims to bridge the duration gap between climate policy modeling and mitigation capital. The core tool is real options analysis combined with an Integrated Assessment Framework designed to capture the complex set of issues linking climate change, climate policy and the economy. The tools are meant for use in both capex decisions by corporations and portfolio decisions by investors. The tools will be a hedge against the risk of mitigation short squeeze occurring because investment is deferred beyond the 5 year or less timeframe of finance.

RePEc: Research Papers in Economics, 2005

Paper aims analysing the situation of rural areas of Lithuania as well as support got from the bu... more Paper aims analysing the situation of rural areas of Lithuania as well as support got from the budget of European Union facilitating the development of rural areas. Paper comprises three chapters. The rural areas are of substantial importance in terms of both surface area and population. At the beginning of 2002, the rural areas covered 63.6 thousand sq. km. This equalled 97.4 % of the total Lithuanian surface area. In 2003, the rural population was estimated at 1,145 million inhabitants. At the end of 2001 the total rural working population made up to 30 per cent of total Lithuanian employment, while agriculture, forestry and fishery employment rate was estimated at 17,8 per cent. Since Lithuania has joined the European Union in May 2004, population of rural areas starting to receive significant financial aid from the European budget. Largest share of EU financiers is going to be redistributed as the direct payments constituting in 2004 55 per cent of EU level. Programmes and finances, targeted directly to support the rural development, are considered in the so-called programming documents, prepared by the Government and approved by the European Commission.

RePEc: Research Papers in Economics, 2002

Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.

The Palgrave Handbook of Zero Carbon Energy Systems and Energy Transitions, 2022

SSRN Electronic Journal

The way in which climate policy and climate risks are currently accounted for in financial and re... more The way in which climate policy and climate risks are currently accounted for in financial and real investment decisions is inadequate. The paper demonstrates weaknesses in methods presently used and proposes an alternative that aims to bridge the duration gap between climate policy modeling and mitigation capital. The core tool is real options analysis combined with an Integrated Assessment Framework designed to capture the complex set of issues linking climate change, climate policy and the economy. The tools are meant for use in both capex decisions by corporations and portfolio decisions by investors. The tools will be a hedge against the risk of mitigation short squeeze occurring because investment is deferred beyond the 5 year or less timeframe of finance.

Despite significant progress in recent years, horizontal and vertical integration of the Lithuani... more Despite significant progress in recent years, horizontal and vertical integration of the Lithuanian milk sector is not very much advanced. The primary sector is characterised by small-scale farming, the fragmentation of farmland and a low number of livestock per farms. These features cause severe problems regarding the restructuring and modernisation of agricultural production since only a few farmers possess the capital resources to conduct necessary investments. However, despite the unfavourable conditions Lithuanian milk producers have made significant improvements concerning milk quality. In the last decade, the processing sector was due to drastic concentration processes. These were induced by the strong competition processes on the milk market and fostered by foreign direct investors. Today, the market is dominated by three companies. About ten enterprises supply almost the entire market of dairy products. The main mode of governance in the market for raw milk is contractual a...

Milk and milk processing industry in Lithuania: an analysis of horizontal and vertical integration

Europa 2020 is an umbrella strategy of the European Union covering the years of 2011-2020 and aim... more Europa 2020 is an umbrella strategy of the European Union covering the years of 2011-2020 and aiming at economic growth while taking into account recent theories of economic growth and underlying importance of R&D along with innovations. Although, recent financial and economic crisis took a lot of attention towards solving the fiscal and financial problems related to the public debt, governmental budgets, structural reforms, bailouts of the banks and of the entire countries in Europe, - the economic growth, although being reconsidered, gets back to the economic agenda of the countries. The analysis of macroeconomic impact of Europe 2020 strategy has been done on the basis of correlation and cluster analysis, while using 19 statistical indicators in total, basically for the historical years of 2000-2010. Furthermore, economic experts were asked to provide for the opinion regarding external dimension of Europe 2020 strategy, while comparing the economic growth factors in the major eco...

Paper aims analysing the situation of rural areas of Lithuania as well as support got from the bu... more Paper aims analysing the situation of rural areas of Lithuania as well as support got from the budget of European Union facilitating the development of rural areas. Paper comprises three chapters. The rural areas are of substantial importance in terms of both surface area and population. At the beginning of 2002, the rural areas covered 63.6 thousand sq. km. This equalled 97.4 % of the total Lithuanian surface area. In 2003, the rural population was estimated at 1,145 million inhabitants. At the end of 2001 the total rural working population made up to 30 per cent of total Lithuanian employment, while agriculture, forestry and fishery employment rate was estimated at 17,8 per cent. Since Lithuania has joined the European Union in May 2004, population of rural areas starting to receive significant financial aid from the European budget. Largest share of EU financiers is going to be redistributed as the direct payments constituting in 2004 55 per cent of EU level. Programmes and finan...

Socialiniai tyrimai, 2012

The paper aims at analysing the macroeconomic effects of the Europe 2020 Strategy taking into acc... more The paper aims at analysing the macroeconomic effects of the Europe 2020 Strategy taking into account economic growth theories. The research problem relates to defining differences how various EU policies, materializing themselves through statistical indicators, impact the EU economic growth as well as how different EU member states are regarding the implementation of Europe 2020. It consists of 3 interrelated parts. The first one presents the analysis framework, i.e. describes the theories of economic growth and methods, such as correlation analysis and cluster analysis, and a data set, i.e. GDP indicators, Europe 2020, macroeconomic imbalances, fiscal indicators and the innovation index. The second part analyses the results of correlation analysis between GDP growth rates and GDP per capita as a dependant variable and 17 other indicators. On the EU level the level of innovations, energy efficiency, current account balance and expenditures for R&D over 2000-2010 ha the strongest impact on economic growth with the correlation coefficient above 0.7. The third part presents the results of cluster analysis. The EU member states are quite different regarding the Europe 2020 indicators, thus 5 identical clusters were obtained, such as the power of Europe, Scandinavian excellence, the Southern path, the middle class Europe, the poverty Europe.

Socialiniai tyrimai, 2012

The article aims at research on contemporary aspects of insurance industry economics, taking into... more The article aims at research on contemporary aspects of insurance industry economics, taking into account the situation related to the GDP and insurance premium growth as well as the problem of the insurance fraud and providing the examples from Denmark. This would be the first article on the subject, the next one, on the sociology of the insurance fraud, will be submitted to the later issue of this journal. The article has 4 interrelated parts focusing around the relation of insurance premiums growth and GDP growth, reflecting upon the economic growth of the countries, around the business cycle of the Danish insurance industry, as well as the impact of fraud on the economy. These empirical parts are supplemented by the theory of fraud and methodological notes, related to calculations.

Europa 2020 is an umbrella strategy of the European Union covering the years of 2011-2020 and aim... more Europa 2020 is an umbrella strategy of the European Union covering the years of 2011-2020 and aiming at economic growth while taking into account recent theories of economic growth and underlying importance of R&D along with innovations. Although, recent financial and economic crisis took a lot of attention towards solving the fiscal and financial problems related to the public debt, governmental budgets, structural reforms, bailouts of the banks and of the entire countries in Europe, - the economic growth, although being reconsidered, gets back to the economic agenda of the countries. The analysis of macroeconomic impact of Europe 2020 strategy has been done on the basis of correlation and cluster analysis, while using 19 statistical indicators in total, basically for the historical years of 2000-2010. Furthermore, economic experts were asked to provide for the opinion regarding external dimension of Europe 2020 strategy, while comparing the economic growth factors in the major economies of the World. The results got promising, although some problems remain.

Management Theory and Studies for Rural Business and Infrastructure Development, 2006

Ekonomika, Dec 1, 1999

The interest in relationships marketing has grown in recent years and is now beginning to take ce... more The interest in relationships marketing has grown in recent years and is now beginning to take center stage in marketing thought and research. Relationships marketing covers the whole spectrum of marketing's sub-disciplines and also integrates concepts and theoretical paradigms from several social science disciplines, including economics, sociology, psychology and political science. The full potential of relationships marketing has implications for organizational changes and for creating superior marketing value. Several indications suggest that it will have a broad appeal and would encourage widespread academic inquiry. The aim of this article would be to present various points of view to relationships marketing and highlight concepts which, according to authors point of view, carry out the highest level of relationships marketing correlation with classical marketing theory and which are the most important to present practical marketing activity, to marketing management and marketing research. Relationships marketing definition Relationship marketing is the practice of building long-term satisfying relationships with key parties: customers, suppliers, distributors-in order to retain their long-term preference and business. Smart marketers try to build long-term, trnsting, "willwin" relationships with valued customers, distributors, dealers and suppliers. They accomplish this by promising and delivering high quality, good service and fair prices to the other parties over time. Relationship marketing results in strong economic, technical and social ties among the parties. It also cuts down on transaction costs and time. The ultimate outcome of relationship marketing is the building of a unique company asset 68 called a marketing network. A marketing network consists of the company and all of its supporting stakeholders: customer, employee, suppliers, distributors, retailers, ad agencies, university scientists, and others with whom it has built mutually profitable business relationships. Increasingly, competition is not between companies, but between whole networks, with the prize going to the company that has built the better network. (Kotler, 1997, p.12-13). These paragraphs from the leading American textbook on marketing provide arguments, that relationship marketing has "arrived" in marketing theory and practice. Kotler includes relationships and networks as one of the seven

Lietuvos statistikos darbai, Dec 20, 2010

Ekonomika, Dec 1, 2002

This paper focuses on the theory of vertical coordination and its application to agriculture and ... more This paper focuses on the theory of vertical coordination and its application to agriculture and the dairy industry. More specially, the paper analyses the distribution of Lithuanian dairy products in both the domestic and international market. The domestic retail system and tendencies in dairy product foreign trade are surveyed in this paper as well.

Procedia - Social and Behavioral Sciences, 2014

A Europe 2020 is the umbrella strategy of the European Union (EU) aiming at enhancing of the econ... more A Europe 2020 is the umbrella strategy of the European Union (EU) aiming at enhancing of the economic growth of EU over year 2010-2020. Apart of the headline indicators and flagship initiatives, the successful implementation of the Europe 2020 strategy depends from number of the framework polices of the EU, such as single market, budget, but also the external economic relations. The external economic relations depend directly to the theories of economic growth, in sense of the classical growth theory, inspired by two great economists Adam Smith and David Ricardo, which has considered internationalization and opening of the economies as one of the core growth factors. According to the survey of economic experts, implementation of Europe 2020 strategy will depend in equal parts, both from internal, but also from the external polices of EU. In this regard, external economic relations provide for very good framework continuous, as EU external trade grew over the years 2011-2012 significantly, the export increased by 71% and import-by 74%. Related to the EU external trade policies in general, they are manifold, starting from the negotiations of the international trade conditions within frames of World Trade Organization, stretching to the framework EU initiatives of Generalizes system of preferences (Everything but arms/EBA, GSP+) and bilateral trade agreements, which, as from year 2006 became the preferred international trade policy of EU. Recently, the free trade agreement between EU and USA are about to be negotiated, which will establish unique TransAtlantic free trade area, boosting the economic growth by at least 0,5% annually, thus, it will add significantly to implementation of Europe 2020 strategy.

Ekonomika, May 7, 2020

The article aims at ascertaining the relationship between indicators affecting the green economic... more The article aims at ascertaining the relationship between indicators affecting the green economic growth of the Eurozone countries. Despite extensive research, scientists have not yet found a clear answer as to whether economic growth and climate change mitigation can be aligned. Another important aspect of the study was to investigate the possible effect of environmental policies on macroeconomic variables such as GDP, investment, employment, and trade. The authors of the article applied the PVAR econometric model to measure the impact of energy consumption, CO2 emissions, and some of the macroeconomic indicators on GDP growth in 19 countries of the Eurozone for years 2000-2016. Based on the results, we cannot yet state explicitly that economic growth in the Eurozone countries has been decoupled from climate change mitigation; however, green transition is on the right track.

Social Science Research Network, 2022

The way in which climate policy and climate risks are currently accounted for in financial and re... more The way in which climate policy and climate risks are currently accounted for in financial and real investment decisions is inadequate. The paper demonstrates weaknesses in methods presently used and proposes an alternative that aims to bridge the duration gap between climate policy modeling and mitigation capital. The core tool is real options analysis combined with an Integrated Assessment Framework designed to capture the complex set of issues linking climate change, climate policy and the economy. The tools are meant for use in both capex decisions by corporations and portfolio decisions by investors. The tools will be a hedge against the risk of mitigation short squeeze occurring because investment is deferred beyond the 5 year or less timeframe of finance.

RePEc: Research Papers in Economics, 2005

Paper aims analysing the situation of rural areas of Lithuania as well as support got from the bu... more Paper aims analysing the situation of rural areas of Lithuania as well as support got from the budget of European Union facilitating the development of rural areas. Paper comprises three chapters. The rural areas are of substantial importance in terms of both surface area and population. At the beginning of 2002, the rural areas covered 63.6 thousand sq. km. This equalled 97.4 % of the total Lithuanian surface area. In 2003, the rural population was estimated at 1,145 million inhabitants. At the end of 2001 the total rural working population made up to 30 per cent of total Lithuanian employment, while agriculture, forestry and fishery employment rate was estimated at 17,8 per cent. Since Lithuania has joined the European Union in May 2004, population of rural areas starting to receive significant financial aid from the European budget. Largest share of EU financiers is going to be redistributed as the direct payments constituting in 2004 55 per cent of EU level. Programmes and finances, targeted directly to support the rural development, are considered in the so-called programming documents, prepared by the Government and approved by the European Commission.

RePEc: Research Papers in Economics, 2002

Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch ge... more Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes. You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.

The Palgrave Handbook of Zero Carbon Energy Systems and Energy Transitions, 2022

SSRN Electronic Journal

The way in which climate policy and climate risks are currently accounted for in financial and re... more The way in which climate policy and climate risks are currently accounted for in financial and real investment decisions is inadequate. The paper demonstrates weaknesses in methods presently used and proposes an alternative that aims to bridge the duration gap between climate policy modeling and mitigation capital. The core tool is real options analysis combined with an Integrated Assessment Framework designed to capture the complex set of issues linking climate change, climate policy and the economy. The tools are meant for use in both capex decisions by corporations and portfolio decisions by investors. The tools will be a hedge against the risk of mitigation short squeeze occurring because investment is deferred beyond the 5 year or less timeframe of finance.

Despite significant progress in recent years, horizontal and vertical integration of the Lithuani... more Despite significant progress in recent years, horizontal and vertical integration of the Lithuanian milk sector is not very much advanced. The primary sector is characterised by small-scale farming, the fragmentation of farmland and a low number of livestock per farms. These features cause severe problems regarding the restructuring and modernisation of agricultural production since only a few farmers possess the capital resources to conduct necessary investments. However, despite the unfavourable conditions Lithuanian milk producers have made significant improvements concerning milk quality. In the last decade, the processing sector was due to drastic concentration processes. These were induced by the strong competition processes on the milk market and fostered by foreign direct investors. Today, the market is dominated by three companies. About ten enterprises supply almost the entire market of dairy products. The main mode of governance in the market for raw milk is contractual a...

Milk and milk processing industry in Lithuania: an analysis of horizontal and vertical integration

Europa 2020 is an umbrella strategy of the European Union covering the years of 2011-2020 and aim... more Europa 2020 is an umbrella strategy of the European Union covering the years of 2011-2020 and aiming at economic growth while taking into account recent theories of economic growth and underlying importance of R&D along with innovations. Although, recent financial and economic crisis took a lot of attention towards solving the fiscal and financial problems related to the public debt, governmental budgets, structural reforms, bailouts of the banks and of the entire countries in Europe, - the economic growth, although being reconsidered, gets back to the economic agenda of the countries. The analysis of macroeconomic impact of Europe 2020 strategy has been done on the basis of correlation and cluster analysis, while using 19 statistical indicators in total, basically for the historical years of 2000-2010. Furthermore, economic experts were asked to provide for the opinion regarding external dimension of Europe 2020 strategy, while comparing the economic growth factors in the major eco...

Paper aims analysing the situation of rural areas of Lithuania as well as support got from the bu... more Paper aims analysing the situation of rural areas of Lithuania as well as support got from the budget of European Union facilitating the development of rural areas. Paper comprises three chapters. The rural areas are of substantial importance in terms of both surface area and population. At the beginning of 2002, the rural areas covered 63.6 thousand sq. km. This equalled 97.4 % of the total Lithuanian surface area. In 2003, the rural population was estimated at 1,145 million inhabitants. At the end of 2001 the total rural working population made up to 30 per cent of total Lithuanian employment, while agriculture, forestry and fishery employment rate was estimated at 17,8 per cent. Since Lithuania has joined the European Union in May 2004, population of rural areas starting to receive significant financial aid from the European budget. Largest share of EU financiers is going to be redistributed as the direct payments constituting in 2004 55 per cent of EU level. Programmes and finan...