Professor Brezovnik is chief editor of the journal Lex localis - Journal of Local Self-Government that is indexed in several well-known international bibliographic databases, most important of which are Social Sciences Citation Index (SSCI) (ISI Impact Factor: 0,802 (Q3)) and Scopus (Source Normalized Impact per Paper (SNIP): 0,80 (Q2)). Lex localis - Journal of Local Self-Government is an established and reputable international journal for the study of the politics, administration and management of local affairs, with impact on research activities and development of science and management of local affairs regionally and also in a broader setting. The journal is important for scientists and researchers as well as for economic policymakers and stakeholders in management of local affairs.
C.04 Editorial board of an international magazine
According to data up to 2012, Slovenia did not meet its commitments for reducing CO2 emissions. A strong link exists between economic growth and CO2 emissions. From 2011 onward, Slovenia has increased imports of highly subsidized electricity from the European North. The result is reduced profitability for domestic electric power producers. According to econometric analysis, the changing demand of electricity in Slovenia and its neighboring counties (one-sixth of the EU population) strongly influences the price of these goods. After an anticipated decline in subsidies to producers of electricity in the North of Europe, we can expect conditions supporting some recovery of profitability of nuclear and coal fired electric plants in Slovenia. A comparative analysis of the costs of construction, financing and operation (LCOE) of nuclear power plants around the world revealed the value of certain factors of cost management in these investments. Taking into account the institutional framework of the EU, we designed a model of financing for the new block on the site of the nuclear plant Krško (JEK 2). The results were presented at the headquarters of the GEN energija d.o.o. that sponsored the research, they were also published in the journal Gospodarska gibanja (Economic Trends) (December 2016 and January 2017) while publishing in the international arena is in preparation. Results of the study are important, because they indicated that current equilibrium in the liberalized EU electricity market exposed to strong distortions does not give the appropriate signals to investors to ensure sustained, stable supply of electric power. Actual conditions on this market were defined as temporary and not capable to withstand even in the medium term. The potential impacts of the achievement: Investors in the new electric power stations and other facilities have been given information that the market really does not give a signal that investment in new power plants will not be profitable.
F.01 Acquisition of new practical knowledge, information and skills
COBISS.SI-ID: 526232345The paper deals with the effects of large fluctuations in economic performance in the period 2006-2012 in the range of PAYG pension system, which is by far the most important component of the Slovenian pension system. Identified and quantified are the key implications of the crisis impact on system performance. Analysis of the consequences is presented in comparison with the corresponding consequences in developed countries for some of the most important achievements. Also, after-crisis shortfall of efficiency of the pension system in Slovenia is estimated according to best practice of developed countries. In times of crisis, achievements of the PAYG system in Slovenia are similar as in other EU countries, while some major deterioration in the solvency was due to worse economic situation amenities. The research results are important for decision-makers in the institutions dealing with pension schemes in both the public and private sector. The study has potential effects in particular on the budget policy of the country (as the pension fund, from which PAYG pension system is fed, constitutes a large part of the public finances) as well as for private insurance companies, which form the second pillar of pension insurance. Research results were presented at the Slovenian Insurance Association, which ordered the study. To the general public, the main findings were presented in the publication Gospodarska gibanja (Economic Trends).
F.30 Professional assessment of the situation
COBISS.SI-ID: 14850385Since 2008, Slovenia has faced a double bottom crisis. This characteristic is not otherwise found among the group of analyzed EU Member States, economically developed countries outside the EU or large countries with a medium-high income per capita. During this period, Slovenia has experienced above-average fiscal imbalance on one hand and marked improvement of its external balance on the other. The average annual required yield of Slovenian ten-year bonds in 2012 and 2013 was as much as 6%, then reduced to slightly above 3% in 2014. According to the assessment of the credit risk associated with changes in Slovenian macroeconomic results (2011-2014), the Slovenian ten-year bonds yield should have been in 2013 smaller and in 2014 higher than its actual height. Research results were published in the Slovenian journal Gospodarska gibanja (Economic Trends) (August and October 2015) as well as in the international arena as a part of a scientific monograph (2016). Achievement is important for professional investors on the capital market, especially for institutions such as insurance companies, pension funds, investment funds, etc. The potential impacts of achievement: Investors have been given scientific information about undervaluation of Slovenian sovereign bonds on world’s financial market in 2012 and 2013 having in mind actual macroeconomic conditions. Investment in the bonds of the Republic of Slovenia was safe and extremely profitable.
F.30 Professional assessment of the situation
COBISS.SI-ID: 12705052