Economics of Development
ISSN / EISSN : 16831942 / 23046155
Current Publisher: LLC CPC Business Perspectives (10.21511)
Total articles ≅ 40
Latest articles in this journal
Economics of Development, Volume 19, pp 22-32; doi:10.21511/ed.19(2).2020.03
In the contemporary world, the sustainable development of national economies is impossible without the timely and high-quality implementation of innovation. The prompt use of innovations is considered to be the key to obtaining and maintaining both new and existing competitive advantages of both individual enterprises and the economy in general. This study aims to determine the dependence of national economic growth (based on the example of Ukraine and Poland) on the innovative activities of enterprises and innovative policies of governments, as well as the development of the improvement offers concerning the innovative policy of Ukraine based on international experience. The impact of innovation indicators on the level of GDP per capita in Ukraine and Poland over the period from 2000 to 2018 has been studied in the article. The most important factors of influence on the GDP per capita, through multivariate statistical analysis and regression analysis, were identified from the list of indicators of innovation activity, and the regression equation was constructed. For Ukraine, such factors are the “innovativeness of enterprises” (that explains the 34.19% of total dispersion), the “innovative inputs” (that explains the 17.11% of dispersion) factors and factor of “financing and implementation of innovations” (that explains 27.8% of the total dispersion). For Poland, the factor of “innovative activity” explains 44.35% of dispersion, and the factor of “innovative actions” explains 38.47% of total dispersion. Moreover, the suggestions involving innovation policy development of Ukraine are provided.
Economics of Development, Volume 19, pp 13-21; doi:10.21511/ed.19(2).2020.02
The article argues that modern media and public relations play a significant role in addressing environmental issues. It is shown that in order to create favorable conditions for the implementation of ecological PR, it is necessary to take into account the relations not only between the enterprises and their target audiences but also between the subjects of environmental PR. It is proved that carrying out environmental PR is possible with the use of РR-tools, which can be various, depending on measures, such as publications in mass media; events for journalists; environmental measures; social-environmental advertising. Based on generalized literature sources, it has been proved that modern market relations for the support of socially responsible businesses require the use of such aspects of motivation during environmental PR that shape the consumer with a caring attitude to the environment and their health. It is proved that along with the production of environmentally friendly products, the opposite phenomenon is observed – greenwashing. Therefore, examples of social responsibility of enterprises that carry out environmental PR and are responsible for ecological problems form social responsibility for environmental protection for all market participants.
Economics of Development, Volume 19, pp 1-12; doi:10.21511/ed.19(2).2020.01
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Economics of Development, Volume 19, pp 45-55; doi:10.21511/ed.19(1).2020.05
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Economics of Development, Volume 19, pp 35-44; doi:10.21511/ed.19(1).2020.04
The current stage of land relations in the agrarian sector is characterized by significant development of lease relations. Today, these relationships are heavily influenced by competition for land tenure, leading to increased land payments. Considering this, as well as the prospects for the agricultural land market formation, the task was to assess the dependence of agricultural land rent on the intensity and economic efficiency of wheat, corn for grain, sunflower production. The research was carried out on the example of agricultural enterprises of Kharkiv region. Grouping, a graphical method was chosen as research methods. The subject of the study was also the rent dynamics for agricultural land in Kharkiv region and Iowa, the USA. The obtained results made it possible to establish the fact that the rent value depends on the total amount of expenses, and the expenses on the articles «wages», «depreciation». It is concluded that the reasons for this may be related to the investment of these enterprises in human capital and the fixed assets that make them lease on more favorable terms for share owners. No dependence was found between the rent value on the value of the yield and the financial result on the selected crops. At the same time, there is a clear tendency that with the increase in the value of the rent, there is an increase in the ratio of its value to the value of costs and income from the crop sector. It is concluded that this can lead to a decrease in investment opportunities for the enterprises with the highest level of lease payments for agricultural land.
Economics of Development, Volume 19, pp 23-34; doi:10.21511/ed.19(1).2020.03
The inefficiency of the State-Owned Enterprise is a matter of concern to economists. Among the studies carried out, those based on the theory of corporate governance were found. However, most of these studies focus on comparing the public enterprise governance with that of the private one. Thus, this article departs from this comparison towards an analysis of the governance of public enterprises to understand its inefficiency by examining the case of the Tunisian Railway Company. Starting with the approach used by Lehmann et al. (2002), it uses the Data Envelopment Analysis to evaluate the effectiveness of a governance system. The governance scores obtained were used to explain the ef¬ficiency variables for each year in the sample using regression in temporal data. The analysis revealed significant problems in governance mechanisms related to the lack of information transparency, weaknesses in functions of the government shareholder, and, in particular, control system failures.
Economics of Development, Volume 19, pp 15-22; doi:10.21511/ed.19(1).2020.02
An approach is proposed for assessing the uneven use of information resources in the organization’s business processes. Formal representations of the organization’s business processes and security systems are presented, reflecting both business operations carried out in a certain sequence and information resources that ensure the implementation of the relevant business operations, the place of information resources in the general outline of business processes is indicated. The circuits of the security system business processes of and the business processes of the main object of modeling are considered, including both business processes for managing security and business processes for ensuring security management. The assessment of the non-uniform use of information resources in a business process scheme is based on the consistent construction of an information resource incidence matrix for individual business operations, a frequency relationship matrix reflecting the sharing of information resources, and a matrix of derivatives in a discrete formulation. The proposed approach is demonstrated on a conditional example containing both the notional costs of information resources and weighting factors of the importance of business operations that reflect their criticality in the general contour of business processes. Estimates obtained as a result of applying the approach make it possible to group information resources, focusing on the frequency of their joint use in the business processes, which ultimately makes it possible to justify the choice of information resources for protection against threats from cyber intruders.
Economics of Development, Volume 19, pp 1-14; doi:10.21511/ed.19(1).2020.01
The purpose of this article is to identify the main sources of cyclical fluctuations affecting the five Maghreb countries in a general analysis framework through the impact of the exchange rates and foreign direct investment. Besides, will consider in this study a set of variables taking into account the real monetary and fi ancial dimensions of the economies. Therefore, authors have adopted an approach in terms of the VECM Structural model and analyzed the robustness of the response functions. Indeed, the estimation results showed the existence of a regional dynamics where the respective sensitivity to change of the real exchange rate is the same. In addition, FDI and REER stimulate economic growth of the Maghreb economies in exchange for regime transmutations. In addition, the participation of FDI in the socio-economic development seems to be weak without the implementation of a policy of support and guidance aimed at reducing the catastrophic effects on the economy and reorienting its investments towards sectors with a high added value.
Economics of Development, Volume 18, pp 41-49; doi:10.21511/ed.18(4).2019.05
During the economic crisis, to ensure sustainable development, the use of network forms of business organization in Ukraine is one of the most effective. However, given that business networks are hierarchical organizations, the problem of continuous monitoring of economic activity is updated to make the necessary effective management decisions. In this paper, using the structural and functional modeling method, a model is developed, which is an integral part of the methodological approach to assessing the business network effectiveness. The model combines empirical, theoretical and mathematical approaches to assessing the effectiveness of the network-based business organization and is based on a combination of qualitative and quantitative characteristics of business network activity. This approach ensures the objectivity of evaluating the properties of its functioning. A system of factors for a qualitative assessment of the effectiveness of a business network functioning was determined by an expert assessment method involving 40 managers of four companies in Ukraine. Determining the result deviations, in comparison with the accepted factors of the qualitative characteristics of networks, reveals the existing trends in the development of future events in terms of the risk of certain types of the business network activity. The results obtained are practical and will be useful for business network managers in developing an effective management strategy.
Economics of Development, Volume 18, pp 28-40; doi:10.21511/ed.18(4).2019.04
The article explores theoretical and practical approaches to determining the nature of social, economic and environmental efficiency and evaluates social, economic, and environmental efficiency of cattle breeding in Ukraine. Negative trends in the industry are revealed accompanied by a decrease in the number of cattle, including cows, a decrease in production volumes of the industry, loss of production of cattle meat and a low level of profitability of milk production. To develop a motivational mechanism for improving the performance of social, economic and environmental functions of the stockbreeding industry by agricultural enterprises, a mechanism for raising its income has been proposed. The use of the socio-economic-environmental coefficient (SEEC) as an element of the proposed mechanism is justified. SEEC is an integral indicator of the social, economic and environmental efficiency of the stockbreeding development. This coefficient was verified through the example of agricultural enterprises of Kharkiv region, which in 2018 produced stockbreeding products. The relationship between SEEC and stockbreeding performance indicators was found to be related to the law of diminishing returns from changes in cost recovery due to income from milk sales and profit per cow. The maximum cost-recovery value is achieved with an SEEC of 2.1. According to a survey of 91 agricultural enterprises, only four enterprises could receive financial support for the high rates of social, economic and environmental efficiency of cattle breeding. In 2018, the amount of such support could be UAH 52,626.2 thousand.