scholarly journals Qualimetric assessment of management in the field of development

2019 ◽  
Vol 91 ◽  
pp. 08005
Author(s):  
Olga Chumakova
Keyword(s):  
Economic Growth ◽  
Integrated Approach ◽  
Well Being ◽  
Economic Science ◽  
Progressive Development ◽  
Human Needs ◽  
Economic Entity ◽  
Regional Product ◽  
The Cost ◽  
Sustainable Economic Growth

Sustainable economic growth and progressive development of the Russian economy are necessary to improve the well-being of the population of the Russian Federation and to fully meet human needs. These goals can be achieved by solving various economic problems, including the problem of the best use of material and human resources available to a single economic entity, the region and the economy as a whole, which is one of the main problems of economic science. In this regard, the relevance of the study of the intensification of investment and construction activities (ICA), which allows improving the use of economic resources, is always high. It is especially important in the context of economic crises, when the fall in consumer demand, economic growth slows down, the volume of production of enterprises and the sale of goods, works and services, regional product and gross domestic product are reduced, and therefore, to minimize losses, the subjects of economic activity are increasingly paying attention to reducing the cost of used resources and increasing the efficiency of their use. The scientific novelty of the research consists in the development of methodological foundations of intensification on the basis of an integrated approach implemented by methods of determining the feasibility of intensification of investment and construction activities and the efficiency of the investment and construction complex.

Infrastructure and Economic Transformation in Ethiopia

2019 ◽  
pp. 190-212
Author(s):  
Seid Nuru
Keyword(s):  
Economic Growth ◽  
Capital Accumulation ◽  
Poverty Reduction ◽  
Physical Capital ◽  
Well Being ◽  
Economic Transformation ◽  
Infrastructure Development ◽  
Rail Network ◽  
Development Agenda ◽  
The Cost

Investment in infrastructure has a central role in the development agenda and is critical for supporting economic growth and poverty reduction. Infrastructure affects growth through two channels: directly through physical capital accumulation and indirectly through improvement in productivity. Investment in infrastructure enhances private sector activities by lowering the cost of production and opening new markets. Infrastructure investment in power generation, water, sanitation, and housing improves the social well-being of citizens. This chapter examines the pace and scale of infrastructure development in Ethiopia in the post-1991 period. The unparalleled expansion of infrastructure since the EPRDF came to power in 1991 has had a significant influence on the trajectory of Ethiopia’s economic growth. Investment in infrastructure now accounts for more than 15 per cent of GDP annually. Heavy investments in power, roads, rail network, irrigation, aviation, and logistics have helped to unleash the country’s potential both economically and as a major manufacturing hub in Africa.

scholarly journals The (Subjective) Well-Being Cost of Fiscal Policy Shocks

2020 ◽  
Vol 20 (5) ◽  
Author(s):  
Kodjovi Eklou ◽  
Mamour Fall
Keyword(s):  
Economic Growth ◽  
Capital Flows ◽  
Well Being ◽  
Subjective Well Being ◽  
Fiscal Consolidation ◽  
Policy Shocks ◽  
Short Run ◽  
Fiscal Consolidations ◽  
The Cost ◽  
Spending Cuts

Do discretionary spending cuts and tax increases hurt social well-being? To answer this question, we combine subjective well-being data covering over half a million of individuals across 13 European countries, with macroeconomic data on fiscal consolidations. We find that fiscal consolidations reduce individual well-being in the short run, especially when they are based on spending cuts. In addition, we show that accompanying monetary and exchange rate policies (disinflation, depreciations and the liberalization of capital flows) mitigate the well-being cost of fiscal consolidations. Finally, we investigate the well-being consequences of the two well-knowns expansionary fiscal consolidations episodes taking place in the 80s (in Denmark and Ireland). We find that even expansionary fiscal consolidations can have well-being costs. Our results may therefore shed some light on why some governments may choose to consolidate through taxes even at the cost of economic growth. Indeed, if spending cuts are to generate a large well-being loss, they can trigger an opposition and protest against a fiscal consolidation plan and hence making it politically costly.

scholarly journals Economic Policy and Ideology in Modern Russia: Status and Prospects

2021 ◽  
pp. 77-87
Author(s):  
Michael S. Mokiy
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
System Approach ◽  
Systematic Approach ◽  
System Development ◽  
Well Being ◽  
Point Of View ◽  
Economic Relations ◽  
Scientific Justification ◽  
Sustainable Economic Growth

The article substantiates the thesis that any policy is always based on a certain set of ideas and views. This set of ideas is guided by people working in government bodies, and first of all, the heads of these bodies. It is shown that the authorities take steps to develop the parameters of economic development and ensure compliance with these parameters by all elements of the system on the basis of the existing ideology. It is noted that from the point of view of the system approach, the basic elements of the system of economic relations are households. Therefore, the parameters of the “economic relations” system development should characterize the improvement of the condition of each household. It is proved that the existing de facto ideology of enrichment and the corresponding economic policy does not and will not be able to ensure sustainable economic growth, since they are not aimed at ensuring the growth of the well-being of all households. The vector of changes in economic policy is indicated in the case of legislative and institutional consolidation of a new ideology – ​“improving the welfare of all households”. It is shown that such a change in ideology will necessarily entail a demand for scientific justification of the nomenclature and assortment of household needs and the necessary ways to ensure them. On the basis of a systematic approach, a forecast is given of what may happen in the country if these ideological changes are not made.

scholarly journals Conceptual Bases of Forming the Regional Risk Regulatory Mechanism as a Factor of Sustainable Economic Growth

2020 ◽  
pp. 144-154
Author(s):  
Marina Buyanova
Keyword(s):  
Economic Growth ◽  
Risk Management ◽  
Institutional Environment ◽  
Economic Systems ◽  
Risk Regulation ◽  
Economic Entity ◽  
Innovation Infrastructure ◽  
Regional Features ◽  
Volgograd Region ◽  
Sustainable Economic Growth

The modifying transformations of socio-economic processes taking place in Russian regions are largely characterized by high levels of dynamism and uncertainty, as well as multivariate effects, both positive and negative, that pose numerous threats and risks to the sustainable, safe development of socio-economic systems, which actualizes the need for scientific knowledge of the conditions and factors of risks and ways to manage them. The author studies adequate methods and tools for regulating the risks of socio-economic development of regions in the system of a holistic mechanism for ensuring sustainable economic growth. The paper highlights the characteristic regional features and the potential for applying such risk management methods as evasion, localization, dissipation and compensation, examines successful practices of their application in Volgograd region. The author proposes a concept of a mechanism for regulating the risks of the regional economy, which includes a system of directions and measures of state influence on socioeconomic processes and economic entities (regulation “from above”) and methods and means by which economic entities in the region influence risk (regulation “from below”). The researcher has carried out an element-wise analysis of the risk management mechanism. The paper highlights its attributes: consistency, complex- and multi-structure properties and effectiveness and systematizes its subject-object and functional characteristics depending on the level of management: national, regional, economic entity level. The author proposes priority directions for the regulation of socio-economic processes that ensure competitive, sustainable and safe development of the region: digitalization of individual markets and industries; improving the institutional environment; development of innovation infrastructure aimed at increasing the efficiency of innovation commercialization.

scholarly journals THE IMPACT OF SOCIAL SECURITY ON THE COUNTRY'S ECONOMIC GROWTH: AN ANALYSIS OF PANEL DATA

2020 ◽  
pp. 181-186
Author(s):  
A. Lyulyov ◽  
Ya. Reshetnyak
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
Social Security ◽  
Well Being ◽  
The State ◽  
Progressive Development ◽  
Gdp Growth Rate ◽  
Socio Economic Development ◽  
The Impact

The realization of Ukraine's European integration aspirations and integration into globalization processes exacerbate the challenges and threats to the national economy in the segment of protection of social interests and especially in the context of the pandemic caused by SARS-CoV-2. This raises several issues aimed at studying the theoretical and methodological, and applied aspects of the formation and development of social security at the level of the state and society, and at the level of the individual. In particular, the paper analyzes the essence and content of the concept of "social security", its types and forms of manifestation. Particular attention in the study is paid to determining the factors influencing the level of social security of the state, including through the prism of interaction on indicators of socio-economic development. A system of principles was defined on which the concept of sustainable economic growth through the prism of social security should be based, namely: the level of socio-economic development of the state, territorial integrity and inviolability of borders, improving the welfare of the population, compliance with state standards and social guarantees in the field of finance, patriotic education, completion of financial and administrative-territorial decentralization, implementation of gender-oriented policy at all levels of government, creation of appropriate working conditions, etc. Based on this, the main indicators that determine the state of social security were analyzed: level of education, level of welfare, the share of the working population, mortality rate, population growth rate, real GDP growth rate, and GDP per capita, etc. According to the results of the analysis, the problems of social security in a pandemic was identified and a set of recommendations aimed at forming a safe and progressive development of the country, increasing its competitiveness in the world economic arena, which will generally increase social guarantees and well-being as an individual and society as a whole.

scholarly journals ОСОБИСТІ ФІНАНСИ ТА ФІНАНСИ ДОМОГОСПОДАРСТВ ЯК РЕЗЕРВ ЕКОНОМІЧНОГО ЗРОСТАННЯ РЕГІОНІВ

2019 ◽  
pp. 35-39
Author(s):  
Чечетова Н. Ф. ◽  
Чечетова-Терашвілі Т. М.
Keyword(s):  
Economic Growth ◽  
Domestic Economy ◽  
Regional Economies ◽  
Household Sector ◽  
Regional Product ◽  
Sustainable Economic Growth

The influence of macro- and microeconomic environment to the management of households finance is investigated, and the basic methods and instruments of the management of households finance in the modern terms of the domestic economy are described. The article deals with the identification of additional resources investment as factors for the growth regional product. It is concluded that the importance of the household sector as a source of increasing the volume of investment, the transformation of which investment resources of the economy will enhance the coordination of interests of the population and territory, the conclusion of regional economies on the path of sustainable economic growth.

scholarly journals DEVELOPMENT OF ACTIVITIES TO IMPROVE THE FINANCIAL STATUS OF THE ORGANIZATION BASED ON CORRELATION-REGISTRATION ANALYSIS

2017 ◽  
Vol 21 (3) ◽  
pp. 104-113 ◽  
Author(s):  
A. S. Obukhova ◽  
S. A. Narykova
Keyword(s):  
Crop Production ◽  
Well Being ◽  
Economic Activities ◽  
Market Participants ◽  
Financial Condition ◽  
Economic Entity ◽  
Wide Range ◽  
Consumption Rates ◽  
Asset Turnover ◽  
The Cost

In modern economic conditions the activity of each economic entity is the subject of attention of a wide range of market participants interested in the results of its functioning. In order to ensure the survival of the company in modern conditions, management personnel must, first of all, be able to assess the financial condition of their enterprise and existing potential competitors really. Financial condition is the most important characteristic of the economic activity of an enterprise, which determines competitiveness, potential in business cooperation, assesses to what extent the economic interests of the enterprise and its partners are financially and economically viable. One of the most important indicators of the company's well-being on the market is its financial state. It reflects the final results of its activity which is the most important characteristic of its business activity and gives a description of financial competitiveness, solvency, creditworthiness, information on the fulfillment of obligations to the state and business partners. The main purpose of the analysis of the financial condition of the enterprise is the timely identification and elimination of deficiencies in financial activities and the search for reserves to improve the financial condition of the enterprise and its solvency. Timely and qualitative analysis of the financial condition ensures the effective formation and use of monetary resources to create optimal conditions for the implementation of the financial and economic activities of the enterprise. In this article we consider measures to improve the financial condition of OOO Oktyabrskaya Agrofirm. Oktyabrskaya AF LLC needs to increase revenues from the sale of the most profitable types of products, to intensify production through the renewal of the machine and tractor fleet, and to expand the distribution channels for the main crop production in order to increase the efficiency of its financial and economic activities. The enterprise can reduce the cost of production by rational use of material resources, reducing the material consumption of products and revising the consumption rates in the main areas of costs. To determine ways to increase the efficiency of financial and economic activities of LLC Oktyabrskaya, it is necessary to conduct a correlation-regression analysis of the profitability of the assets of the enterprise and the factors that affect it. So you need to calculate the return on assets, the profitability of sales and asset turnover based on the financial statements of OOO Oktyabrskaya.

scholarly journals ECONOMIC GROWTH V.S. ECONOMIC DEVELOPMENT – COMPLEMENTARY INDICATORS

2019 ◽  
Vol 2 (1) ◽  
pp. 28-38
Author(s):  
Vera Karadjova ◽  
Snezhana Dichevska
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Human Development ◽  
Growth And Development ◽  
Well Being ◽  
Economic Thought ◽  
Economic Science ◽  
Mutual Correlation ◽  
The World ◽  
Growth Development

The paper deals with a topic relating to the economic growth, development and general welfare of a national economy, a wider region, or even the entire world, through indicators that differentiate growth from development. It is a complex subject that contains numerous aspects of the life of a community in a certain space, which, because of its complexity, cannot be limited exclusively to economic aspects, so because of that cannot be limited exclusively to economic or monetary indicators. Life in a community besides the economic includes also legal, sociological, philosophical, psychological and other aspects, from which it logically results that measuring the development and welfare is a complex process that can hardly be limited to one indicator. In that sense, the paper addresses issues relating to production, distribution, fairness and equality, employment, unemployment, poverty, productivity, economic stability, sustainable development, human development, a sense of well-being and happiness, etc., in the direction of the thesis for the use of complementary development indicators. The complexity of the process of harmonizing the numerous indicators is further complicated by the need to calculate the degree of their mutual correlation, especially if it concerns divergent indicators or indicators that are mutually exclusive or have a negative correlation. The issue of welfare has been the subject of economic science interest since its very beginnings, even from the time of the first ancient thinkers when it was not singled out as an independent science, through the utopians, to contemporary economic thought. The economic operation and the rational use of limited resources in order to meet unlimited human needs is the heart of the economy. The basic indicator used to measure economic growth is undoubtedly the GDP and GDP per capita. But one has to take into account the distinction between quantitative growth and qualitative development, whereby GDP is an indicator of growth. Development is a broader concept that covers growth, but also technological and any other kind of advancement of the social community. Development as a qualitative feature means the advancement of the qualitative characteristics of society and the well-being of individuals, and the well-being is not only the increase of GDP, but the subjective sense of the people in the community that they live better, a sense of improving the quality of life. Growth and development together make the progress of the community. In this sense the paper elaborates just a few indicators of growth and development that are used parallel, such as GDP, Human Development Index, and the World Happiness index, that do not exclude each other and whose interwoven use gives a fuller picture of growth and development although the ranking of countries around the world according to one of these indicators may be quite different with respect to the ranking according to the other indicator. This only confirms the thesis of the need for a more comprehensive analysis of the analyzed issues and suggestions for a more comprehensive indicator that would be a complementary set of several alternative and complementary ones that would eliminate the shortcomings of its constituent parts, thereby obtaining a relevant indicator of economic development and welfare, without any intention to propose a concrete solution.

scholarly journals Analysis and evaluation of the impact of progressive development on economic growth and sustainability of hotel and restaurant business

2020 ◽  
Vol 4 (1) ◽  
pp. 33-40
Author(s):  
Olena Judina
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Component Analysis ◽  
Production Costs ◽  
Innovation Activity ◽  
Economic Sustainability ◽  
Progressive Development ◽  
The Cost ◽  
The Impact ◽  
Production Resources

Introduction. The problem of ensuring the economic sustainability of modern hotel and restaurant businesses is due to the need to ensure their sustainable development in a changing external environment, unstable market conditions, increased competition and rising prices for production resources. Advantages in solving these problems provide reduction of production costs, diversification of activities, novelty of products / services, technical and technological updating and improvement of material and technical base, improvement of management system, working conditions and financial condition of the enterprise, which is directly related to the economic efficiency of the business process. Since overall efficiency is the output of the production process and is defined as the ratio of output to cost of operations, and its increase provides an increase in economic effect, the most favourable economic conditions and competitive advantages in the market, the problem of establishing the relationship between efficiency gains and economic sustainability of enterprises is exacerbated. Aim and tasks. The purpose of the study is to analyze and determine the degree of influence of the factors of progressive development on improving the efficiency of use of production resources and ensuring the stability of functioning of the enterprises of the hotel and restaurant business through modeling, calculation of indicators of progressive development. Results. As a socio-economic system, an enterprise is characterized by complex multicomponent relationships between a large number of interdependent and interacting elements of different types, each of which can in turn be represented as a system (subsystem). The criteria of progressive economic development of the hotel and restaurant business enterprises are defined in the paper and the methods of their structural and component analysis are grounded. Models of pairwise regression between costs, types of capital investments and parameters of investment and innovation activity are constructed. The sequence of calculation of indicators of progressive economic development is offered. Conclusions. Increasing the cost of new machinery and equipment, existing buildings and structures, new construction and acquisition of software are contributing to the growth of labor resource potential, reducing material consumption, and increasing the cost of production. On the basis of structural-component analysis regularities of differentiated mutual influence between the indices of production resources consumption and directions of investment-innovative activity are determined, indicators of progressive development are used, by which it becomes possible to measure the level of efficiency of use of resource potentials, economic growth of the enterprises of the hotel and restaurant business.

scholarly journals A review of nature-based solutions for urban water management in European circular cities: a critical assessment based on case studies and literature

2020 ◽  
Vol 2 (1) ◽  
pp. 112-136 ◽  
Author(s):  
Hasan Volkan Oral ◽  
Pedro Carvalho ◽  
Magdalena Gajewska ◽  
Nadia Ursino ◽  
Fabio Masi ◽  
...  
Keyword(s):  
Water Management ◽  
Urban System ◽  
Integrated Approach ◽  
Well Being ◽  
Urban Water ◽  
Urban Water Management ◽  
Indoor Climate ◽  
Societal Challenges ◽  
Reduction Of Energy Consumption ◽  
The Cost

Abstract Nature-based solutions (NBS) can protect, manage and restore natural or modified ecosystems. They are a multidisciplinary, integrated approach to address societal challenges and some natural hazards effectively and adaptively, simultaneously providing human well-being and biodiversity benefits. NBS applications can be easily noticed in circular cities, establishing an urban system that is regenerative and accessible. This paper aims to offer a review on NBS for urban water management from the literature and some relevant projects running within the COST Action ‘Implementing nature-based solutions for creating a resourceful circular city’. The method used in the study is based on a detailed tracking of specific keywords in the literature using Google Scholar, ResearchGate, Academia.edu, ScienceDirect and Scopus. Based on this review, three main applications were identified: (i) flood and drought protection; (ii) the water-food-energy nexus; and (iii) water purification. The paper shows that NBS provide additional benefits, such as improving water quality, increasing biodiversity, obtaining social co-benefits, improving urban microclimate, and the reduction of energy consumption by improving indoor climate. The paper concludes that a systemic change to NBS should be given a higher priority and be preferred over conventional water infrastructure.

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