Economics of Development

Journal Information
ISSN / EISSN : 1683-1942 / 2304-6155
Current Publisher: LLC CPC Business Perspectives (10.21511)
Total articles ≅ 44
Current Coverage

Latest articles in this journal

Manisha Kakkar, Amit Kumar
Economics of Development, Volume 19, pp 12-18; doi:10.21511/ed.19(3).2020.02

This research paper aims to understand all the factors preventing micro, small and medium enterprises from growing despite their great potential, the possible existence of any internal or domestic differences in the way the entrepreneurs from various Indian communities approach business. The question remains whether there are any external or domestic differences in their entrepreneurial orientations. The work also presents some policy-based suggestions to solve such issues that hinder the magnification potential of MSME units. The MSME units offer jobs to more than seven people. However, they do not grow because of many difficulties discussed in this paper. Due to the lack of opportunities, MSMEs are unable to attract foreign investments. MSMEs can stop the migration of young people coming from rural areas to urban cities if MSMEs get developed. MSMEs represent a high-priority sector of the growing and developing economy. Therefore, we need to focus on this sector to transform developing India into a developed country. This paper is an attempt to analyze the reasons for the difficulties of MSMEs.
Pavlo Pronoza, Tetyana Kuzenko, Nataliya Sablina
Economics of Development, Volume 19, pp 1-11; doi:10.21511/ed.19(3).2020.01

The unpredictability of the development of the Ukrainian economy in the world economic space requires continuous improvement of the financial security management policy of business entities. The use of controlling mechanisms to ensure the necessary level of financial security enables the stable development and competitiveness of enterprises. The article highlights the conceptual aspects of ensuring the enterprise’s financial security using controlling mechanisms. The concept of control¬ling within the enterprise’s financial security is considered. An assessment of the enterprise’s financial security in the instrument-making industry of the engineering complex of Ukraine was made using an integrated safety indicator using taxonomic analysis techniques. It is noted that to ensure stable functioning and development of the enterprise, it is necessary to identify factors (threats) that lead to the loss of the proper level of enterprise’s financial security. To assess the impact of financial condi¬tion indicators on the level of effectiveness of financial safety management in engineering enterprises, a multivariate statistical analysis of correlation relationships was carried out and factor loads were calculated. It is proposed to organize the formation of a controlling system with an emphasis on ensuring an adequate level of enterprise’s financial security. The use of the proposed developments in the activities of the enterprises of the instrument-making industry allows increasing the efficiency of their functioning and to put the existing system of ensuring financial security to a new level.
Irina Medvedieva, Mariia Ahapova
Economics of Development, Volume 19, pp 44-59; doi:10.21511/ed.19(2).2020.05

The publisher has not yet granted permission to display this abstract.
Nadiia Lysytsia, Yuliya Byelikova, Maryna Martynenko
Economics of Development, Volume 19, pp 33-43; doi:10.21511/ed.19(2).2020.04

The publisher has not yet granted permission to display this abstract.
Olga Zyma, Ryszard Stefanski, Maria Golub
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.
Viktoriia Tomakh, Hanna Veretennykova
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.
Oleg Pidkhomnyi, Mariya Rubakha
Economics of Development, Volume 19, pp 1-12; doi:10.21511/ed.19(2).2020.01

The publisher has not yet granted permission to display this abstract.
Nadiia Proskurnina, Jürgen Kähler, Rosario Cervantes-Martinez
Economics of Development, Volume 19, pp 45-55; doi:10.21511/ed.19(1).2020.05

The publisher has not yet granted permission to display this abstract.
Dmytro Shyian, Anatolii Moskalenko, Kseniia Kirichenko
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.
Afef Bouattour
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.
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