Aligning the Real Sector Production with Human Development: Exploring Role of Multi-sector Collaboration

2021 ◽  
Author(s):  
Rukhsana Kalim ◽  
Noman Arshed ◽  
Waqas Ahmad
Keyword(s):  
Human Development ◽  
Real Sector ◽  
The Real

scholarly journals Financial system and growth and economic development

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 160-170
Author(s):  
Małgorzata Hala
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Financial Institutions ◽  
Financial System ◽  
Financial Sector ◽  
Real Sector ◽  
The Real ◽  
State And Local ◽  
The Impact

The aim of the article is to present the role of the financial system in economic growth and development. The first part presents the traditional understanding of the relationship between the economic system and economic growth. The second part presents the experience of financial crises and their impact on the conversation on the mutual relations between the financial sector and the real sector. The third part shows the role of the state in the financial system. The article describes the arrangement of interrelated financial institutions, financial markets and elements of the financial system infrastructure.  It shows what part of the economic system the financial system is, and whether it enables the provision of services allowing the circulation of purchasing power throughout the economy. The article presents the important role of the financial system, the role related to the transfer of capital from entities with savings to entities that need capital for investments. It shows the financial system as a set of logically related organizational forms, legal acts, financial institutions and other elements enabling entities to establish financial relations in the real sector and the financial sector, and this system forms the basis of activity for entities using money, enabling the conclusion of various economic transactions, in which money performs various functions. The article also presents the concept of a financial crisis as a situation in which there are rapid changes in the financial market, usually associated with insufficient liquidity or insolvency of banks or financial institutions, and as a result, a decrease in production or its deepening. The article also includes issues related to the impact of public authorities (state and local authorities) on the financial system in the economy.

The role of the project “Development of an interregional technology transfer network” in the innovative development of regions

2020 ◽  
pp. 79-86
Author(s):  
L. O. Firsova ◽  
N. Y. Shved ◽  
V. H. Bessarab
Keyword(s):  
Technology Transfer ◽  
High Tech ◽  
Real Sector ◽  
Innovative Development ◽  
Transfer Of Knowledge ◽  
The European Union ◽  
Project Development ◽  
The Real ◽  
Regional Centers

The growth of the Ukrainian economy largely depends on the effective use of the intellectual, scientific and technological potential of the country, the rapid pace of commercialization of high-tech scientific developments and its implementation in key areas of the national economy. In the period 2018–2020, the State Scientific Organization “Ukrainian Institute of Scientific and Technical Expertise and Information” (hereinafter — UkrISTEI) implements the project “Development of the Interregional Technology Transfer Network” (hereinafter — Project), within the framework of which the Interregional Office for the Transfer of Knowledge and Technologies on the basis of UkrISTEI was created; two pilot regional centers for the transfer of knowledge and technology in Odesa and Kharkiv were created. This Project is aimed at the widespread introduction of modern technologies in the real sector of the economy — as one of the tasks on the agenda of not only Ukraine, but also the European Union. The article assesses the potential of pilot regions through research that unites enterprises, scientific institutions, organizations, universities and other legal entities, regardless of the form of ownership, which create or use technologies or objects of intellectual property rights or relate to innovation infrastructure. The activities within the framework of the project “Development of an interregional technology transfer network” (hereinafter referred to as the Project) to increase the competitiveness of regions and increase their innovative development were presented, the role of the Project in the innovative development of regions was highlighted. The article defines the role of the Interregional Office and regional centers as centers of technology transfer and innovation: also a number of measures to activate the startup movement in Kharkiv and Odesa were taken. The work within the framework of the project “Development of an interregional technology transfer network” allowed to improve the results of domestic scientific and technical developments introduction in the real sector of the economy and to give impetus to its dynamic growth, to raise the employees’ awareness level in offices, departments, etc. for the technologies transfer, developers, startups, etc.

Lending to the real sector of the region’s economy: state, problems, prospects

2020 ◽  
pp. 42-49
Author(s):  
Iryna Pasinovych ◽  
Viktoriya Dmytruk
Keyword(s):  
Interest Rates ◽  
Capital Investment ◽  
Banking Sector ◽  
Foreign Currency ◽  
Point Of View ◽  
Real Sector ◽  
Real Economy ◽  
Labor Costs ◽  
The Real

Approaches to the essence and constituent elements of the real economy sector are analyzed, its optimal structure is determined. It is focused on servicing and infrastructural role of banks in relation to the entities of the real sector. The dynamics of the lending to the real sector of the economy and the level of its penetration is analyzed. The paper reveals that the growth of lending in this sector was restored only last year, but the level of penetration continues to decline. The banking sector is analyzed. The paper argues that it has become profitable for the first time since the crisis, but mainly due to reduction of deductions to reserves. The financial situation of enterprises of the real sector of the Ukrainian economy is estimated. After an increase in profitability, it was again observed to have fallen due to the growth of competition and labor costs. Production are found to have increased in the real sector, but the role of loans in its development is insignificant. The emphasis is placed on the leading role of banks in the region for business development. The regional features of lending to the real economy sector in the Lviv region are outlined. The paper determines that in this region the growth of industrial products is much higher than the average in Ukraine, while the share of balances on loans granted is one of the lowest. There are the tendencies towards the decrease of the number of banks in the given region, increase of balances of banks' claims on loans in absolute value, prevalence of long-term loans and foreign currency loans. By the share of received loans the processing industry is in second place, agriculture is in the third place. Low level of the share of unemployed loans, higher than the average in Ukraine indicator of the proportion of loans in capital investment, as well as higher interest rates on loans are the features of regional lending in the Lviv region. The factors limiting the obtaining of loans from the point of view of management entities of the studied region are outlined. Certain NBU branches are dominant in the Lviv region as for lending. The changes in the regulatory environment at the macroeconomic level that are directly related to lending are analyzed. The regulator's policy to revive lending to the real sector should be extremely cautious and systematic, aimed at limiting the concentration of risks, preventing excessive lending growth, increasing the stability of financial infrastructure and reducing the dollarization of the banking sector. Measures to increase lending in the Lviv region are outlined. The involvement of banks in the Lviv educational-industrial hub is proposed.

The Increasing Role of the Real Sector in Building a Post-Industrial Economic System

2021 ◽  
Vol 26 (12) ◽  
pp. 1367-1371
Author(s):  
A. S. Shatrovskaya
Keyword(s):  
Economic System ◽  
Industrial Development ◽  
High Tech ◽  
Real Sector ◽  
The Real ◽  
Services Sector ◽  
National Economic ◽  
Post Industrial ◽  
Industrial Economic

Aim. The presented study aims to examine international experience and current domestic practices to develop scientifically grounded proposals for Russia’s transition towards a post-industrial economic system based on the integration between the real sector and the high-tech services sector in the context of globalization.Tasks. The authors analyze the classical foundations of the post-industrial economic system and develop a mechanism for its formation under modern conditions; determine the key characteristics of the real sector and characterize its relationship with the financial sector and the services sector in the process of building and developing a post-industrial economic system; identify the fundamental problems that hinder Russia’s transition towards a post-industrial economic system; identify the key elements of the modernization of the national economic policy aimed at strengthening innovation susceptibility and transparency, which is an essential prerequisite for the transition towards a postindustrial economic system; justify the need for the formation of a high-tech real sector and its integration with the high-tech services sector within the framework of a systemic production process.Methods. This study critically analyzes the classical concepts of a post-industrial economic system that determines the behavior of economic entities at various levels as well as existing views on the mechanism of its construction. Analytical tools are used to propose a modification of the fundamentals of the transition towards a post-industrial economic system in the context of global competition and economic instability. The related directions of changes in the national economic policy are substantiated and their target function is determined.Results. The study, which is aimed at building a post-industrial economic system, shows the increasing role of the high-tech real sector and its relationship with the high-tech services sector. This allowed the authors to justify the necessity of forming a single conceptual model of the systemic production process that would unite all high-tech sectors of the economy, with the predominant development of the real sector. The implementation of such a model will ensure Russia’s transition towards a post-industrial economic system, taking into account the opportunities and risks introduced by globalization.Conclusions. The prospects for the post-industrial development of the Russian economy and the regulatory role of the government as the manager of post-industrial development on the basis of the increasing role of the real sector are determined.

The Role of Credit Cooperatives in Financing the Real Sector of the Economy

2020 ◽  
pp. 3-11 ◽  
Author(s):  
Olga A. Repushevskaya ◽  
Zulfiya T. Nasretdinova ◽  
Azat N. Kuzyashev ◽  
Natalya V. Beschastnova ◽  
Dinara A. Shamshovich
Keyword(s):  
Real Sector ◽  
The Real ◽  
Credit Cooperatives

scholarly journals Peranan Dana Pihak Ketiga Dalam Kegiatan Usaha Mikro Kecil Dan Menengah Pada Bank Syariah

2018 ◽  
Vol 3 (1) ◽  
pp. 95
Author(s):  
Wahyu Syarvina
Keyword(s):  
Poverty Alleviation ◽  
Third Party ◽  
Real Sector ◽  
The Real ◽  
Large Sector ◽  
Leading Position ◽  
The Government ◽  
Operational Activities ◽  
Unemployment Problem

Third Party Funds (DPK) may affect the bank's budget. If third party funds increase, then the bank's budget will increase as well. If Third Party Funds decreases, it can weaken the operational activities of sharia banks. The growth of third party funds becomes very important, namely to provide greater financing to prospective customers and also for the development of people's economy, especially in the real sector. Sharia banks are expected to be contributors from financial institutions for economic growth as measured by the growth of the real sector. MSMEs in the Indonesian economy have a very important role in improving the competitiveness of microeconomics. The role of MSMEs is known as a sector that can absorb large labor nationally, accommodate the role of the poor in the economic structure, and is a potentially large sector that contributes to GDP. The government and related parties are obliged to take a leading position in encouraging this sector to grow better. So the economic development of society is getting better, poverty alleviation and unemployment problem can be solved well. Then third party funds in this case should be the concern of each sharia bank.

scholarly journals The role of state corporations in the development of the real sector of economy

2020 ◽  
pp. 126-133
Author(s):  
S. K. Eshugova ◽  
S. K. Khamirzova
Keyword(s):  
Large Scale ◽  
The State ◽  
Real Sector ◽  
Government Programs ◽  
The Real ◽  
Russian Economy ◽  
Development Institutions ◽  
The Subject ◽  
Practical Recommendations

Studying the role and place of state corporations, as well as improving their activities in the framework of stimulating the real sector of the Russian economy is a relevant issue. The subject of the research is organizational and managerial relations arising in the system of functioning of state corporations and their impact on the real sector of economy. The aim of the research is to substantiate the role of state corporations in the development of the real sector of the Russian economy and to develop practical recommendations to improve the efficiency of their functioning in modern conditions. The article reveals the essence, as well as the significant role of state corporations in the innovative modernization of the Russian economy; the necessity of using impressive organizational, financial and economic potential of state corporations in stimulating the development of competitive industries in various sectors of the real sector of the economy is substantiated. There are three main types of state corporations in the Russian economy: a) financial development institutions; their activities are aimed at financing large projects; b) industrial corporations; c) directorates for the implementation of government programs with limited periods of operation and a set of specific tasks for implementation. An analysis of the scale of activity of the state corporate sector has shown that at present state corporations control about 40% of the economy and provide more than half of the state GDP; their financing accounts for about 25% of the expenditure side of the RF budget. The article concludes that state corporations are the locomotives of growth in the real sector of economy, established by the state at the expense of the budget to carry out large-scale projects or to solve important economic and social problems.

scholarly journals Methodological System For Organizing Joint Innovation Activities Of The University And Enterprises

2021 ◽  
Vol 12 (4) ◽  
pp. 23-25
Author(s):  
Sh. S. Fayzibayev, Z. G. Mukhamedova
Keyword(s):  
Creative Thinking ◽  
Educational Institutions ◽  
Real Sector ◽  
Higher Educational Institutions ◽  
The Real ◽  
Innovation Activities ◽  
Close Interaction ◽  
The University ◽  
Industry Sectors

The content and the role of the methodological system, which provides for close interaction of higher educational institutions and enterprises of the country's industry sectors are considered in the process of training modern innovative professionally-oriented graduates with creative thinking, capable of creating innovations and implementing them into the real sector of the economy.

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