Economic Development at G7 Country Level: of Economic Development Ranking and Proposition of a Strategic Model of Development

2021 ◽  
pp. 13-54
Author(s):  
Nezameddin Faghih ◽  
Parsa Bandamiri ◽  
Mahshid Sazegar
Keyword(s):  
Economic Development ◽  
Country Level ◽  
Strategic Model ◽  
Level Of Economic Development

scholarly journals Correlation between economic complexity and economic development in different types of Russian regions

2021 ◽  
Vol 51 (3) ◽  
pp. 144-161
Author(s):  
I.A. Shubin ◽  
Keyword(s):  
Economic Development ◽  
Oil And Gas ◽  
Inverse Correlation ◽  
Developed Countries ◽  
Russian Regions ◽  
Homogeneous Groups ◽  
Economic Complexity ◽  
Country Level ◽  
Level Of Economic Development ◽  
High Level

Economic complexity, according to the results of various studies at the country level, can be used as an indicator of economic development: more developed countries usually have a higher level of economic complexity. For Russian regions, the relationship between economic complexity, the level of innovative development and investment attractiveness is also revealed. This paper identifies the correlation between the complexity of export and the level of economic development for Russian regions and their separated more homogeneous groups. The results obtained by the author for regions of Russia contradict the rule identified for countries. For all Russian regions, there is a slight inverse correlation between the complexity of export and the value of per capita GRP. A slight positive correlation was found only for regions with a low export-to-GRP ratio and a high level of economic complexity. Such results are explained by the simple structure of Russian export, because of this the main recipients of export income are regions with a lower level of economic complexity — mainly oil and gas producing regions, as well as capitals that act as intermediaries.

scholarly journals Country of market effect

2016 ◽  
Vol 12 (1) ◽  
pp. 7-14
Author(s):  
Shenyu Li ◽  
Rong Huang ◽  
Siva K. Balasubramanian
Keyword(s):  
Economic Development ◽  
Purchase Intention ◽  
Home Country ◽  
Emerging Market ◽  
Developed Countries ◽  
Future Research ◽  
Country Level ◽  
Level Of Economic Development ◽  
The Impact ◽  
Country Effect

Purpose: This article proposes and empirically tests the country of market (COMK) effect, which captures the consumer’s responses of home market to a country where the product is marketed. Design/methodology/approach: Study 1 applies a lab experiment about Chinese consumers’ purchase intention for printers marketed either in the US or China. Study 2 applies country level data to examine the impact of economic development of 22 host countries on the performance of 167 multinational retailers in their home country. Findings: Study 1 shows that the printers marketed in US attract a higher level of purchase intention than printers marketed in China. This COMK effect is more salient for printers manufactured in China than those manufactured in US. In addition, innovation and design factors corresponding to the host country’s image fully mediate the COMK effect. Results in Study 2 show that a retailer that markets its services in a host country with a higher (lower) level of economic development is likely to generate higher (lower) level of retailing performance in its home country. Furthermore, it is found that COMK effect is diminished as the level of economic development of a vendor’s home country increases. Research limitations/implications: In addition to the cognitive components of country image (e.g., design and innovation), consumers’ affective components may also influence the COMK effect. Future research could discuss the impact of consumer ethnocentrism and consumer animosity on consumers’ attitude towards the product marketed in other countries. Practical implications: Strategically, marketing products to a country with a favorable image could benefit vendors from an emerging economy. For manufacturers from developed countries, marketing a product within their own countries may enhance the associated innovation and design images while marketing the same product in an emerging market. Originality/value: This article proposes and tests a demand side country effect on consumers’ purchase intention for products marketed in other countries. It is in sharp contrast to the traditional country effect which focuses on the supply side effect (e.g., country of origin, country of manufacture, country of assembly etc.)

scholarly journals E-Entrepreneurship and Economic Development: the Case of EU Countries

2020 ◽  
Vol 3 (1) ◽  
pp. 1-24
Author(s):  
Valentina Diana Rusu ◽  
Angela Roman
Keyword(s):  
Economic Development ◽  
Developed Countries ◽  
Constructive Method ◽  
Small Enterprises ◽  
Information And Communications Technologies ◽  
Technology Infrastructure ◽  
Information Technology Infrastructure ◽  
Eu Countries ◽  
Country Level ◽  
Level Of Economic Development

AbstractThe aim of our paper is to identify how entrepreneurs from European Union (EU) countries use information and communications technologies (ICTs) in their business activities. We also propose to identify if there are differences in the use of ICTs by entrepreneurs, according to level of economic development of EU countries. In order to achieve these goals, we analyse a sample of EU countries, by including them into two groups, according to the stage of their economic development. For analysing the data, we use several methods (the logical-constructive method, comparative methods and benchmarking). The benchmarking method helps us to estimate indicators at country level and to compare them between countries. Our results indicate that e-entrepreneurship in developed countries is more advanced compared to developing countries. There are also significant differences regarding the use of informational technologies between types of firms by their size. Small enterprises use in a lower proportion ICTs in their activity compared with large firms. Through the content of our research, we emphasize that in order to adapt to the rapid changing environment and also to the changes in the consumer’s behaviour the enterprises should focus on introducing the ICTs in their activity to face the competition. Also, government policies should pay more attention to supporting development of information technology infrastructure.

Spatial Development of Innovation Systems in Russia

2014 ◽  
Vol 9 (4) ◽  
pp. 289-304 ◽  
Author(s):  
Lidija Sergevna Arkhipova
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Chemical Industry ◽  
Innovation System ◽  
Machine Building ◽  
Competitive Advantages ◽  
Regional Aspect ◽  
Level Of Economic Development ◽  
The Russian Federation ◽  
Effective Development

While the development of the country's national innovation system as a whole is very important and should be prioritized, its regional aspect is even more important. The specifics of the Russian Federation's transition to an innovation-based economy is in that that, at the present time, prioritized is the need to ensure the effective development of those economy sectors that underlie the country's specialization and may provide regional and national competitive advantages. To such sectors belong the chemical industry, machine-building and power energetics. We would like to note that initial innovation awareness indicators in the regions are comparable and do not differ greatly but the growth of activity can be observed only in some of the regions. The problem of large differentiation among the constituent entities of the Russian Federation by their level of economic development remains important and has to be dealt with. 

CONTROLLING TOOLS IN MODELING THE EAEU TAX LOAD

2020 ◽  
Vol 2 (3) ◽  
pp. 145-152
Author(s):  
V. D. KOVALEVA ◽  
◽  
Z. R. KOCHKAROVA ◽  
L. V. IONIDI ◽  
◽  
...  
Keyword(s):  
Economic Development ◽  
Optimization Technique ◽  
Tax Burden ◽  
Urgent Problem ◽  
Level Of Economic Development ◽  
Soviet Space ◽  
Post Soviet Space

The article is devoted to the urgent problem of taxation of the EAEU countries, the methods of tax burden optimization are disclosed, the feasibility of using the tax burden indicator as a criterion for the level of economic development of a business entity is substantiated, the tax burden of the countries of the Eurasian and post-Soviet space is analyzed, a tax burden optimization technique based on controlling tools is proposed.

Growth and Social Capital: Empirical Analysis of the Relationship

2019 ◽  
pp. 128-134
Author(s):  
Ksenia V. Bagmet
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Economic Development ◽  
Social Development ◽  
Empirical Analysis ◽  
Panel Data Analysis ◽  
Well Being ◽  
Developed Countries ◽  
International Institute ◽  
Level Of Economic Development

The article provides an empirical test of the hypothesis of the influence of the level of economic development of the country on the level of development of its social capital based on panel data analysis. In this study, the Indices of Social Development elaborated by the International Institute of Social Studies under World Bank support are used as an indicators of social capital development as they best meet the requirements for complexity (include six integrated indicators of Civic Activism, Clubs and Associations, Intergroup Cohesion, Interpersonal Safety and Trust, Gender Equality, Inclusion of Minorities), comprehensiveness of measurement, sustainability. In order to provide an empirical analysis, we built a panel that includes data for 20 countries divided into four groups according to the level of economic development. The first G7 countries (France, Germany, Italy, United Kingdom); the second group is the economically developed countries, EU members and Turkey, the third group is the new EU member states (Estonia, Latvia, Lithuania, Romania); to the fourth group – post-Soviet republics (Armenia, Georgia, Russian Federation, Ukraine). The analysis shows that the parameters of economic development of countries cannot be completely excluded from the determinants of social capital. Indicators show that the slowdown in economic growth leads to greater cohesion among people in communities, social control over the efficiency of distribution and use of funds, and enforcement of property rights. The level of tolerance to racial diversity and the likelihood of negative externalities will depend on the change in the rate of economic growth. Also, increasing the well-being of people will have a positive impact on the level of citizens’ personal safety, reducing the level of crime, increasing trust. Key words: social capital, economic growth, determinant, indice of social development.

scholarly journals Corporate debt maturity and economic development

2019 ◽  
Vol 15 (5) ◽  
pp. 669-687 ◽  
Author(s):  
Celia Álvarez-Botas ◽  
Víctor M. González-Méndez
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Financial Crisis ◽  
Firm Size ◽  
Debt Maturity ◽  
Corporate Debt ◽  
Content Type ◽  
Country Level ◽  
The Relationship ◽  
Bank Concentration

Purpose The purpose of this paper is to analyse the effect of economic development on the influence of country-level determinants on corporate debt maturity, bearing in mind firm size and the period of financial crisis. Design/methodology/approach The authors employ panel data estimation with fixed effects to examine the role of economic development in influencing the relationship between country-level determinants on corporate debt maturity. The paper uses a sample of 30,727 listed firms, belonging to 39 countries, over the period 2005–2012. Findings Corporate debt maturity increases with the efficiency of the legal system and bank concentration and decreases with the weight of banks in the economy. However, the importance of these country determinants is greater in developing than in developed countries. The authors also show that firm size in developed and developing countries influences country determinants of corporate debt maturity. Finally, the results reveal that the financial crisis has affected the debt maturity of firms differently in developed and developing countries, with the effect of bank concentration lengthening debt maturity, this effect being more pronounced in developing countries. Practical implications The findings provide useful insights to guide policy decisions providing access to long-term financing, as corporate debt maturity depends on economic development, institutional environment, banking structure and firm size. Originality/value This study incorporates economic development in explaining the relationship between country-level determinants and corporate debt maturity.

Financial Access of Latin America and Caribbean Firms: What Are the Roles of Institutional, Financial, and Economic Development?

2021 ◽  
pp. 097265272110153
Author(s):  
Lan Khanh Chu
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Jel Classification ◽  
Caribbean Region ◽  
Country Level ◽  
Level Data ◽  
Latin America And Caribbean ◽  
The Impact ◽  
Moderating Role

This article examines the impact of institutional, financial, and economic development on firms’ access to finance in Latin America and Caribbean region. Based on firm- and country-level data from the World Bank databases, we employ an ordered logit model to understand the direct and moderating role of institutional, financial, and economic development in determining firms’ financial obstacles. The results show that older, larger, facing less competition and regulation burden, foreign owned, and affiliated firms report lower obstacles to finance. Second, better macro-fundamentals help to lessen the level of obstacles substantially. Third, the role of institutions in promoting firms’ inclusive finance is quite different to the role of financial development and economic growth. JEL classification: E02; G10; O16; P48

Political and Economic Effects on Greenhouse Gas Emissions – a Quantitative Study

2014 ◽  
Vol 10 (2) ◽  
pp. 313-341
Author(s):  
Ole Martin Lægreid
Keyword(s):  
Economic Development ◽  
Linear Relationship ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Separation Of Powers ◽  
Economic Effects ◽  
Gas Emissions ◽  
Middle Income ◽  
Level Of Economic Development ◽  
High Level

AbstractThis study examines whether there is a curve linear relationship between economic development and greenhouse gas emissions, where poor and rich countries have low emissions while middle-income countries have high emissions. This is a controversial argument that suggests that persistent economic growth is the best means for achieving considerable emission reductions. The study contributes with new knowledge about the causes of variations in greenhouse gas emissions, by analyzing data for greenhouse gas emissions and testing economic explanations in relation to a broad array of political explanations. As the study demonstrates, there is a curve linear relationship between the level of economic development and greenhouse gas emissions, but the turning point – where a higher level of economic development starts to produce lower rather than higher emission levels – is far higher than previously thought. Among the study’s sample of countries, only the Scandinavian countries and Switzerland have experienced a sufficiently high level of economic development in order for increased wealth to result in lower emissions. Among the political impacts on greenhouse gas emissions, the study indicates that countries with consensual political systems produce lower emission levels than countries where the separation of powers is more centralized. A more robust “green” civil society leads to lower emissions in countries where the democratic system is functioning well, and ambitious targets regarding reduction of emissions in the Kyoto Protocol also seems to lower emissions.

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