Sustainable local development in relation to complementary currencies on the example of the Polish currency Zielony
The complementary currency Zielony (PLZ) is an example of an economic experiment, operating in Poland since 2015. It is also a new type of economic tool that supports the local economy and influences the creation of sustainable local developments. However, this impact is not direct, as it is realis...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2023-01-01
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| Series: | Technological and Economic Development of Economy |
| Subjects: | |
| Online Access: | https://jau.vgtu.lt/index.php/TEDE/article/view/18341 |
| _version_ | 1797938278018580480 |
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| author | Nina Stępnicka Beata Sadowska Robert Walasek Grzegorz Zimon Dariusz Brzozowiec |
| author_facet | Nina Stępnicka Beata Sadowska Robert Walasek Grzegorz Zimon Dariusz Brzozowiec |
| author_sort | Nina Stępnicka |
| collection | DOAJ |
| description |
The complementary currency Zielony (PLZ) is an example of an economic experiment, operating in Poland since 2015. It is also a new type of economic tool that supports the local economy and influences the creation of sustainable local developments. However, this impact is not direct, as it is realised through a network of micro, small and medium-sized enterprises operating in the local economy, which, among other things, create jobs relevant to the economic prosperity of the region and the life of the local community. The main objective of this article is to demonstrate the relationship between the use of the complementary currency Zielony in Poland by the entities that create the system of this currency and its impact on the economy, in particular on the local sustainable development in the pre-pandemic and pandemic period of Covid-19. The main research problem is formulated in the form of a question: “What are the benefits and opportunities for the economic entities of the local economy as a result of their accession to the complementary currency Zielony system?” The article adopts the following thesis: “The complementary currency Zielony in Poland positively influences the functioning of the local economy and the economic entities that belong to the system and promotes the creation of conditions that are important for sustainable local development. However, it works best when it is not disrupted by administrative barriers and lockdowns, like those that appeared in Poland during the Covid-19 pandemic.” The analysis carried out proved the validity of the thesis and allowed to solve the main problem. The study used the method of critical literature analysis and analysis of statistical data from 2015–2021.
First published online 31 January 2023
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| first_indexed | 2024-04-10T18:58:11Z |
| format | Article |
| id | doaj.art-b0dbabc4a2784f60876be581b45b2183 |
| institution | Directory Open Access Journal |
| issn | 2029-4913 2029-4921 |
| language | English |
| last_indexed | 2024-04-10T18:58:11Z |
| publishDate | 2023-01-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Technological and Economic Development of Economy |
| spelling | doaj.art-b0dbabc4a2784f60876be581b45b21832023-01-31T16:15:52ZengVilnius Gediminas Technical UniversityTechnological and Economic Development of Economy2029-49132029-49212023-01-0110.3846/tede.2023.18341Sustainable local development in relation to complementary currencies on the example of the Polish currency ZielonyNina Stępnicka0Beata Sadowska1Robert Walasek2Grzegorz Zimon3Dariusz Brzozowiec4Department of Economics and Finance, University in Kielce, Uniwersytecka 15, 25-406 Kielce, PolandDepartment of Accounting, Faculty of Economics, Finance and Management, University of Szczecin, Mickiewicza 64, 71-101 Szczecin, PolandDepartment of Logistics, Faculty of Management, University of Lodz, Matejki 22/26, 90-237 Łódź, PolandDepartment of Finance, Banking and Accounting, Rzeszów University of Technology, al. Powstańców Warszawy 12, 35-959 Rzeszów, PolandZielony Polska Waluta Lokalna, Bankowa 5, 27-200 Starachowice, Poland The complementary currency Zielony (PLZ) is an example of an economic experiment, operating in Poland since 2015. It is also a new type of economic tool that supports the local economy and influences the creation of sustainable local developments. However, this impact is not direct, as it is realised through a network of micro, small and medium-sized enterprises operating in the local economy, which, among other things, create jobs relevant to the economic prosperity of the region and the life of the local community. The main objective of this article is to demonstrate the relationship between the use of the complementary currency Zielony in Poland by the entities that create the system of this currency and its impact on the economy, in particular on the local sustainable development in the pre-pandemic and pandemic period of Covid-19. The main research problem is formulated in the form of a question: “What are the benefits and opportunities for the economic entities of the local economy as a result of their accession to the complementary currency Zielony system?” The article adopts the following thesis: “The complementary currency Zielony in Poland positively influences the functioning of the local economy and the economic entities that belong to the system and promotes the creation of conditions that are important for sustainable local development. However, it works best when it is not disrupted by administrative barriers and lockdowns, like those that appeared in Poland during the Covid-19 pandemic.” The analysis carried out proved the validity of the thesis and allowed to solve the main problem. The study used the method of critical literature analysis and analysis of statistical data from 2015–2021. First published online 31 January 2023 https://jau.vgtu.lt/index.php/TEDE/article/view/18341complementary currencyeconomicsfinancelocal developmentlocal economicmanagement |
| spellingShingle | Nina Stępnicka Beata Sadowska Robert Walasek Grzegorz Zimon Dariusz Brzozowiec Sustainable local development in relation to complementary currencies on the example of the Polish currency Zielony Technological and Economic Development of Economy complementary currency economics finance local development local economic management |
| title | Sustainable local development in relation to complementary currencies on the example of the Polish currency Zielony |
| title_full | Sustainable local development in relation to complementary currencies on the example of the Polish currency Zielony |
| title_fullStr | Sustainable local development in relation to complementary currencies on the example of the Polish currency Zielony |
| title_full_unstemmed | Sustainable local development in relation to complementary currencies on the example of the Polish currency Zielony |
| title_short | Sustainable local development in relation to complementary currencies on the example of the Polish currency Zielony |
| title_sort | sustainable local development in relation to complementary currencies on the example of the polish currency zielony |
| topic | complementary currency economics finance local development local economic management |
| url | https://jau.vgtu.lt/index.php/TEDE/article/view/18341 |
| work_keys_str_mv | AT ninastepnicka sustainablelocaldevelopmentinrelationtocomplementarycurrenciesontheexampleofthepolishcurrencyzielony AT beatasadowska sustainablelocaldevelopmentinrelationtocomplementarycurrenciesontheexampleofthepolishcurrencyzielony AT robertwalasek sustainablelocaldevelopmentinrelationtocomplementarycurrenciesontheexampleofthepolishcurrencyzielony AT grzegorzzimon sustainablelocaldevelopmentinrelationtocomplementarycurrenciesontheexampleofthepolishcurrencyzielony AT dariuszbrzozowiec sustainablelocaldevelopmentinrelationtocomplementarycurrenciesontheexampleofthepolishcurrencyzielony |