Economics of Development

Journal Information
ISSN / EISSN : 16831942 / 23046155
Current Publisher: LLC CPC Business Perspectives (10.21511)
Total articles ≅ 17

Latest articles in this journal

Viktoriia Samoilenko
Economics of Development, Volume 18, pp 1-9; doi:10.21511/ed.18(2).2019.01

Abstract:The main theoretical approaches to the definition of the “personnel effectiveness” content are considered. To this end, a comparative analysis of the essential features of the concept by different scientists was carried out, the main common and distinctive features in the given definitions are described. In order to determine the role of the effective use of personnel in the enterprise management system, a statistical and correlation-regression analysis was performed based on the State Statistics Service of Ukraine data. The main components of the system for managing the staff performance are revealed, in particular, its purpose, object and both objective and subjective composition are substantiated. Based on the use of the system approach, the main directions of the formation of a system for managing the efficiency of personnel use are formulated. The scientific novelty of this research is in systematizing approaches to determining the meaning of the effectiveness of the use of enterprise personnel. The main elements and stages of the formation of a system for managing the efficiency of personnel use are specified. The practical significance of the article stems from the possibility of using the results of empirical research in further scientific developments from the outlined issues. The peculiarities of the dynamics of indicators of labor productivity, profitability of labor costs for enterprises in the Ukrainian economy are analyzed. The construction of a regression model, which expresses the dependence of added value on the indicators of the efficiency of personnel use, made it possible to reveal the importance of the formation of a personnel management system in the process of development of both individual enterprises and economic growth of the Ukrainian economy as a whole.
Olena Stryzhak
Economics of Development, Volume 18, pp 10-18; doi:10.21511/ed.18(2).2019.02

Abstract:An assessment of a relationship between aggregated and partial indicators of the tourist sector development on one hand and other sectors of economy and society on other hand are investigated in the paper. Indicators are expressed in both direct monetary terms and rating scales. The study covers 149 countries in 2016. The results of the study indicate a positive relationship between the development of the tourist sector and the level of economic welfare of the country. This is explained by fact that tourist goods and services are subject of a second necessity and demand for they increases significantly with growth of income level. Found that there is a positive correlation between indicators of tourism sector development and indicators of quality of socio-economic environment. This may be due to fact that, on one hand, high quality socioeconomic environment stimulates visits to country; on other hand, travels stimulate growth of economy and welfare of citizens who live in territory that visited. Further analysis of aggregate of countries, divided into 4 groups by income, showed mixed results. Thus, a stronger correlation between all analyzed indicators is observed in low and high-income countries, weakening in transition to averages by a sample of values. However, such a weak relationship for some countries may be a consequence of a small share of the tourism sector in the economy. This paper differs from previous researches by focusing on a large sample of countries and reveals the relationship between tourism sector development indicators and socioeconomic environment indicators. One can speak of objectivity of results obtained, since they are confirmed both using Spearman’s correlation coefficient and Kendall’s Tau correlation.
Inna Dybach
Economics of Development, Volume 18, pp 33-43; doi:10.21511/ed.18(1).2019.04

Abstract:Higher education in Ukraine, as one of the prerequisites for national security and competitiveness of the country, needs to be reformed, first of all in the context of improving the quality of educational services. Educational quality studies have confirmed that the educational system does not adequately address the needs of customers and those who receive education. In this regard, the purpose of the article is to study the theoretical aspects of the institutional provision of the quality management process of higher education. Methods of dialectical cognition, comparative analysis, content analysis and a comprehensive approach to the analysis of transformations in the field of higher education are used in this work. A prerequisite for ensuring the quality of higher education is the definition of the hypostasis of the relevant procedures, among which process, functional and evaluation are identified. It is established in the article that the institutional environment in the field of education is an ordered set of legally established norms and informal rules that determine the conditions for the functioning of institutions of higher education, structure the relationship between the subjects of the educational process and are formed within the educational system. The article deals with a wide network of organizations that form the institutional environment of the national higher education, which, according to the levels of government, are divided into international, national, regional and local. It is noted that state agencies for ensuring the quality of education have the largest share in the formation of the institutional environment of the educational sphere. This often leads to a conflict of interest of stakeholders, which can be solved by the introduction of the Institute of Independent Educational Auditors.
Viktor Senchukov
Economics of Development, Volume 18, pp 44-55; doi:10.21511/ed.18(1).2019.05

Abstract:The results of generalization of scientific approaches to the solution of modern economic optimization tasks have shown the need for a new vision of their solution based on the improvement of existing mathematical tools. It is established that the peculiarities of the practical use of existing mathematical tools for solving economic optimization problems are caused by the problems of enterprise management in the presence of nonlinear processes in the economy, which also require consideration of the corresponding characteristics of nonlinear dynamic processes. The approach to solving the problem of integer (discrete) programming associated with the difficulties that arise when applying precise methods (methods of separation and combinatorial methods) is proposed, namely: a fractional Gomorrhic algorithm – for solving entirely integer problems (by gradual "narrowing" areas of admissible solutions of the problem under consideration); the method of branches and borders - which involves replacing the complete overview of all plans by their partial directional over. Illustrative examples of schemes of geometric programming, fractional-linear programming, nonlinear programming with a non-convex region, fractional-nonlinear programming with a non-convex domain, and research on the optimum model of Cobb-Douglas model are given. The advanced mathematical tools on the basis of the method of overlaying integer grids (OIG), which will solve problems of purely discrete, and not only integer optimization, as an individual case, are presented in the context of solving optimization tasks of an applied nature and are more effective at the expense of reducing the complexity and duration of their solving. It is proved that appropriate analytical support should be used as an economic and mathematical tool at the stage of solving tasks of an economic nature, in particular optimization of the parameters of the processes of organization and preparation of production of new products of the enterprises of the real sector of the economy.
Alexander Merho
Economics of Development, Volume 18, pp 23-32; doi:10.21511/ed.18(1).2019.03

Abstract:With the development of globalization, labor migration is an increasingly commonplace in many nations worldwide. For Ukraine, the population of the working people emigrating to find work elsewhere has reached a significant scale. The scale of this labor migration currently emanating from Ukraine, significantly affects the structure of its labor market, level of incomes, and overall social structure within the country. It can be argued that the dynamics of the development of this process is due not only to objective factors, but also to the subjective perceptions of workers in regards to justice in the economic systems of nations around the world. The purpose of the article is to determine the specificity of the value component manifestation in the formation of human decisions in the long-term choice of the country of activity. An interdisciplinary approach to the value component in the formation of decisions of a person under development of globalization on the border of economic and psychological sciences has been implemented. The methodical basis used for this research includes the theory of justice, expectations, and decision-making. As a result, an approach has been developed to compare a migrant worker’s perception of the level of justice found in different countries and to identify common behaviors endemic amongst those choosing a labor market in different countries in the onset of developing globalization. For example, Ukrainian builders and unskilled workers perceive the domestic labor market as 2 to 5 times unfair, com-pared to the most popular countries of labor migration. Thus, it is shown that the level of perceived injustice by Ukrainian workers is rather high. It significantly influences the decision on labor migration and has a subjective significance when forming an attitude to the measures of regulation of the labor market context.
Olena Sushchenko, Matthnai Ekouaghe
Economics of Development, Volume 18, pp 9-22; doi:10.21511/ed.18(1).2019.02

Abstract:This article deals with trends in the development of marketing activities in the tourism market. In the field of tourist marketing should be considered in two aspects: the first aspect is a system focused on the strategy and tactics of active adaptation to the changing requirements of the tourist market; and the second aspect is the interaction of the main market elements: consumer, product, price, advertising, sales, etc. One of the types of services in tourism, which is expanding is marketing. In facts it affects the interests of every person and every organization in any given market. Marketing of tourism in the international sphere in comparison with other areas where all methods and approaches of marketing activities are actively used, remains at a lower level, of use in the promotion of tourist destination despite the fact that tourism seems to be a popular way of recreation for more than a decade. The aim of the article is to analyze the in the main tendencies in the development of the use of marketing technologies in the tourism industry services on the basis of the modern market conditions as well as the study of integrated methods of promotion of tourist destinations.
Olga Vilkhivska, Marina Vovk
Economics of Development, Volume 18, pp 1-8; doi:10.21511/ed.18(1).2019.01

Abstract:The technology for evaluating the personnel readiness for the implementing of e-business technologies is developed, which includes the following steps: development of a list of competencies reflecting staff readiness for the introduction of e-business technologies; building a questionnaire to assess the level of development of staff competencies for each e-business technology; formation of a matrix of pairwise comparisons to determine the relative importance of competencies; personnel questioning; survey of experts; verification of the degree of consistency of expert opinions; definition of integral assessment of personnel readiness. The value of the developed technology is in determining the most important personnel competencies required to interact with the selected e-business technologies in business processes. The developed technology is tested at the enterprises of the machine-building industry of Ukraine. The selection of the most competent personnel for interaction with the e-business technologies in specific business processes is based on the developed technology. The competencies that are specific and necessary for the use of specific e-business technology are identified and evaluated. The technology has been tested at the machine-building enterprises of Ukraine. Assessment of personnel according to the requirements is implemented. The obtained results of the personnel competence before the introduction of e-business technologies in the business processes for enterprises are from 46.77% to 86.58%. Received results indicate a rather high level of competence of the personnel at the enterprises under study.
Chinazor Franca Obunike, Ama Aka Udu
Economics of Development, Volume 17, pp 39-53; doi:10.21511/ed.17(4).2018.05

Abstract:The study has the general objective to determine the extent of the relationship between technological innovativeness and firm growth using small scale manufacturing firms in Lagos State. The independent variable of technological innovativeness was operationalized into product-oriented innovativeness and process-oriented innovativeness, while the dependent variables of firm growth were operationalized into sales growth, employment growth, growth in firm size and market shares growth. This study employs exploration correlational research design. The sample population of a small scale enterprise in Lagos State accounts for eleven thousand and forty-four (11,044). Yamane’s formula was used to get the sample size of three hundred and eighty-six (386), this was approximated to the nearest hundred to have 400 for equal distribution. Data gathered for this study was analyzed using the Pearson’s Product Moment Correlation analysis in order to determine the relationship between them and a simple linear regression analysis to establish the extent of relationship between them using statistical Package for Social Science (SPSS) version 2.3. The correlation statistic shows that the linkage between the independent and dependent variables was low to moderate that product-oriented innovativeness shows a moderate positive relationship with sales and employment growth, while the process-oriented innovativeness shows low positive relationship with firm size thus allowing for regression analysis.
Dmytro Shyian, Mykola Bozhko
Economics of Development, Volume 17, pp 30-38; doi:10.21511/ed.17(4).2018.04

Abstract:Methodological and practical aspects of expenditure division into permanent and variable in crop production have been considered in the paper. A graphical method was used to determine the value of constant expenditure in the production of wheat and maize for grain on the example of agricultural enterprises of Kharkiv region. This analysis was carried out as a whole for all costs, as well as for individual articles. It has been found that the value of constant expenditure varies depending on the level of production intensity. Changes in the proportion of constant expenditure in their general value were nonlinear, characterized by a decrease in the relative magnitude of constant expenditure of enterprises with the most intensive level of production. This allows the given group of companies to have a higher level of competitiveness and a lower level of production risk. The author’s approach to determination of constant expenditure proportion has been proposed by calculation of the constant expenditure structure coefficient. This coefficient allows you to determine the proportion of constant expenditure more precisely by taking into account its value by individual articles. On the example of enterprises engaged in the production of wheat and corn for grain we have calculated coefficients of the constant expenditure structure. The obtained results have confirmed nonlinear dependence of changes in the value of constant expenditure, depending on the level of production intensity.
Mykhailo Bril
Economics of Development, Volume 17, pp 20-29; doi:10.21511/ed.17(4).2018.03

Abstract:The crisis in the political and economic spheres in Ukraine has led to an aggravation of macroeconomic imbalances, which in turn worsen the socio-economic situation, complicate the moments of doing business, manifestation of violations and instability in the public administration sector and social tension in society. As the result is the accumulation of macroeconomic imbalances to a critical point that threatens the normal, gradual development of economic processes that should take place in the economic space of Ukraine. The article deals with the main imbalances indicators of the country's economy and their applicability under modern Ukrainian economic policy conditions. The interconnection of the main macro-instability factors in Ukraine economy and other countries of the world is considered, which allows to identity a number of endogenous (external) and exogenous (internal) factors that create imbalances. The mechanism of imbalances detection is proposed, which combines certain categories, methods, principles and methods of their research. The simulation model for identifying macroeconomic imbalances in the Ukrainian economy was developed, based on which the dynamic properties of the macroeconomic imbalances system were investigated, a short-term indicators forecast was constructed, and assessment of the imbalances probability in the future was implemented. Forecast macroeconomic indicators were estimated that fall into critical areas also the gross external debt, changes in the real effective exchange rate, changes in the share of the export market show that external imbalances and disproportion exist. Other macro indicators that form the imbalances table, according to projected calculations, show trends that are close to the ultimate limits and instability risks which confirms the vulnerability of the country's financial and economic system. The obtained forecasting results will allow to prevent new imbalances through the timely and appropriate rapid response management action.