scholarly journals An Empirical View on the Determinants of Sustainable Economic Development: Evidence from EU(28) Member States

2021 ◽  
Vol 91 ◽  
pp. 01008
Author(s):  
Beata Sofrankova ◽  
Dana Kiselakova ◽  
Erika Onuferova
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Regression Analysis ◽  
Secondary Data ◽  
Business Environment ◽  
Innovation Activity ◽  
Average Score ◽  
Valuable Insight ◽  
Sustainable Economic Development ◽  
The Impact

Sustainable development represents a comprehensive approach that focuses on economic, social and environmental aspects in order to meet the needs of the present without compromising the ability of future generations. The main aim of the paper is to reveal the impact of selected global multicriteria indices (through Global Innovation Index, Doing Business Index, Economic Freedom Index, Corruption Perception Index and Human Development Index) on sustainable development (expressed by Sustainable Economic Development Assessment) within EU(28) countries for the period of 2011 to 2018. Secondary data were processed using panel data regression analysis. Results of average score in the field of sustainable economic development showed that Finland (84.5) achieved the best-performed, while the worst position was recorded by Romania (56.5). Looking at the selected indices average scores, the leading position was indicated in the case of Denmark (80.5) and the worst results was obtained by Greece (57.6). Based on the results of the panel regression analysis, to the key determinants influencing the sustainable economic growth of the EU(28) countries belong such variables as innovation activity, business environment, corruption issues and human resources. The presented findings provide valuable insight toward to strategic priorities review, as well as, it can also help governments move from plans to action.

scholarly journals Migration as a Factor of the Sustainable Economic Development

2020 ◽  
Vol 9 (1) ◽  
pp. 380
Author(s):  
Petro Kurmaiev ◽  
L. Seliverstova ◽  
L. Seliverstova ◽  
N. Husarevych ◽  
P. Kolisnichenko
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Immigration Policy ◽  
Sustainable Development Goals ◽  
Donor Country ◽  
Skilled Workers ◽  
Sustainable Economic Development ◽  
The World ◽  
Development Goals ◽  
The Impact

The problem of the interplay between migration and the achievement of the sustainable development goals is one of the main topics in modern scientific debate. The theoretical basis of the study is the understanding of migration as a continuous process caused by the interaction of a complex of factors, the result of which is the formation of a new quality globalized society. The methods used were: Comparative analysis and Content analysis. The authors note that the effectiveness of national policies depends significantly on the extent to which global migration trends are taken into account. The main factors that determine the dynamics of migration flows are identified in the article. The dominance of economic and security-humanitarian motives for migration is mentioned. It is noted that modern migration processes as a whole have a positive impact on the achievement of sustainable development goals. In modern world, migration is the driver of the country's demographic, economic and socio-cultural situation. For most countries in the world, the main objectives of immigration policy are to meet the need for labor, balance the labor markets, reduce the rate of depopulation and an aging population. The research made it possible to identify the types of immigration policy of governments of the world countries and their characteristics. The authors indicate that 73% of governments search to increase or maintain the current level of immigration of highly skilled workers. The thesis is substantiated that the impact of migrants on the wages of highly skilled workers in the country of destination is minimal. The impact of emigration on the socio-economic situation of the donor country is analyzed. The study found that emigration alone is not a destructive factor for the donor country. Significant deterioration in the country is influenced by a set of factors, among which migration is only one of them.  Keywords: migration, sustainable economic development, donor-countries

scholarly journals FOREIGN DIRECT INVESTMENT AND ITS COMMITMENT: IMPACT OF COVID-19 IN NEPAL WITH SOUTH ASIAN PERSPECTIVE

2020 ◽  
Vol 5 (2) ◽  
pp. 137
Author(s):  
Manoj Kumar Chaudhary ◽  
Rudra Prasad Ghimire ◽  
Dinesh Mani Ghimire
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
South Asian ◽  
Direct Investment ◽  
Secondary Data ◽  
Business Environment ◽  
Political Transitions ◽  
Red Tape ◽  
The Government ◽  
The Impact

Foreign Direct Investment (FDI) is an essential source of economic development. It has a broad relationship with different dimensions of the mixed economies. Like other development assistance, FDI also needs the best economic environment. This investigation aims to find the impact of Covid -19 on FDI inflow and other barriers to receiving FDI commitment in Nepal. This study is descriptive and analytical. Secondary data are used in the study. Foreign direct investment can be obtained as the government prioritized agriculture, tourism, energy, IT, infrastructure, etc., considering rapid economic Development. The government of Nepal is accepting and implementing foreign investment proposals of donor commitments. However, the Covid -19 pandemic has reduced FDI commitments funds as envisioned. Pandemic is not the only barrier of investment commitment. Still, there are also investment barriers are like, Business environment, poor infrastructure, lack of human resource skills, political transitions, weak governance, natural calamities, diverse and complex geography, tax slab, red tape, and climate change are critical in Nepal. Though the FDI in Nepal till 2019 was an upward trajectory, the 2020 pandemic has reduced it as Nepal's primary economic development source. South Asian environment can create FDI friendly environment in Nepal. Finally, this paper is a new one and full authority for future researchers. Keywords: Covid-19 pandemic, Foreign Direct Investment, Commitment, Business Environment, NepalJEL Classification: F23, I1, M0

scholarly journals Assessment of the EU and Ukraine Economic Security and Its Influence on Their Sustainable Economic Development

2020 ◽  
Vol 12 (18) ◽  
pp. 7692 ◽  
Author(s):  
Inna Gryshova ◽  
Mykola Kyzym ◽  
Irina Hubarieva ◽  
Viktoriia Khaustova ◽  
Anatoly Livinskyi ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
National Economy ◽  
Economic Security ◽  
Sustainable Economic Development ◽  
External Threats ◽  
National Economic ◽  
The World ◽  
The Impact ◽  
The Eu

The article proves that security of the national economy characterizes the ability of the country to withstand the destabilizing effects of various internal and external threats and to ensure its sustainable development. The study is carried out in the following stages: Diagnosing threats to security of the national economy → assessing the level of economic security of countries of the world → clustering countries of the world according to the level of economic security → modelling the impact of the national economic security on sustainable economic development of a country → forming measures to ensure security of a country’s economy. The basis for assessing the level of economic security of a country is a hierarchically constructed system of indicators, including composite, complex, and sub-indicators. The assessment of the level of economic security is carried out on the basis of international indices and rankings. The analysis of the correlation between the level of GDP per capita and individual indicators included in the composite indicator of economic security made it possible to identify those that should become the primary concerns of governments in order to enhance economic security as well as increase the level of GDP and ensure sustainable development of countries.

scholarly journals REGRESSION ANALYSIS OF THE RELATIONSHIP BETWEEN SELECTED VARIABLES OF ECONOMIC GROWTH AND SUSTAINABLE DEVELOPMENT

2021 ◽  
Vol 11 (2) ◽  
pp. 228-233
Author(s):  
OTÍLIA ZORKÓCIOVÁ ◽  
HANA PALUŠKOVÁ ◽  
SONIA KRAJČÍK DANIŠOVÁ
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Regression Analysis ◽  
Ecological Footprint ◽  
Water Levels ◽  
Waste Generation ◽  
Cross Sectional ◽  
Environmental Threats ◽  
The Impact ◽  
The Relationship

Environmental threats of anthropological origin, such as global warming, rising water levels, air pollution, excessive waste generation, or the seas and oceans quality decline, are threats that directly affect us. Thus, the main goal of this paper is to evaluate the impact of current economic development in the intentions of planetary limits through regression analysis using cross-sectional and panel data evaluating the dependence of ecological footprint per person, gross domestic product per person and Sustainable Development Index. The analysis shows that economic development in line with the current market rules contributes to expand the ecological footprint. We argue that both green measures into international and national policies as an effective monitoring of the achievement of sustainable goals of all market actors are necessary.

scholarly journals The Role of Zakat on Sustainable Economic Development by Rumah Zakat

2020 ◽  
pp. 355-370
Author(s):  
Selamat Muliadi
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Secondary Data ◽  
Community Empowerment ◽  
Economic Empowerment ◽  
The Sustainable Development ◽  
Sustainable Economic Development ◽  
Process Output ◽  
Development Goals

This study aimed to explain conceptual the role of Zakat on sustainable economic development by Rumah Zakat. Rumah Zakat is a philanthropic institution that manage zakat and other social funds through community empowerment programs. In running the program, including economic empowerment and socio health services are designed for these recipients. Rumah Zakat connection with the establisment of SDGs (Sustainable Development Goals) which is to help impoverished recipients economically and socially. The primary goal of Zakat on sustainable economic development, not only limited to economic variables, but based on Islamic principles has comprehensive characteristics. The characteristics includes moral, material, spiritual and social aspects. In other words, sustainable economic development is closely related to improving people living standar. The purpose of this study was to identity the role of Zakat on sustainable economic development, which was applied by Rumah Zakat. This study used the descriptive method and qualitative analysis. The data source was secondary data collected from documents and texts related to the research topic, be it books, articles, newspapers, journals or others. The results showed that the role of zakat on sustainable economic development by rumah zakat has been quite good and in accordance with the principle of Islamic economics. The contribution of the program productive implementation has been aligned with four goals in the sustainable development i.e. Senyum Juara, Senyum Lestari, Senyum Mandiri and Senyum Sehat. Performance of Rumah Zakat in the sustainable economic empowerment community taking into account dimensions such as input, process, output and outcome.

scholarly journals INNOVATIVE ASPECTS OF SUSTAINABLE DEVELOPMENT OF THE ECONOMY OF UKRAINE

2021 ◽  
pp. 218-226
Author(s):  
Ludmila Ulyanova ◽  
Yuliia Chaika
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
Business Environment ◽  
Economic Life ◽  
Production Costs ◽  
Innovation Activity ◽  
Innovation Activities ◽  
Global Innovation ◽  
Analysis And Synthesis ◽  
The Impact

Introduction. To date, innovations have not had a significant impact on the Ukrainian economy, and at the same time the general macroeconomic situation does not contribute to the intensification of innovation in the business environment. Under the current conditions, Ukraine is forced to use and borrow production and management technologies from leading countries, to catch up with them in technological, innovative and technical development. In this regard, the country needs to focus on the continuous implementation of innovation as a priority of the country's sustainable development strategy. Purpose of the work is to consider the relationship and interdependence of innovation and sustainable development, to determine the impact of innovation on the economic, social and environmental components of development. Considerable attention is paid to identifying the features of innovation in Ukraine based on the analysis of the Global Innovation Index, the share of enterprises implementing innovations and the volume of sold innovative industrial products. Method (methodology). A systematic approach, methods of analysis and synthesis are used to identify the impact of innovation on the components of sustainable development. Historical and statistical methods are used in the analysis of the peculiarities of innovation in Ukraine. Results. Innovation processes and innovation activities affect the economic, social and environmental components of sustainable development. Impact on the economic component will reduce production costs, increase productivity, profitability and increase profits, improve product quality, create new sectors of the economy, increase GDP and increase the country's competitiveness, replenish the budget, increase the share of innovative products in general and in exports in particular . The impact on the social component will be manifested in better meeting the needs of society, improving the duration, quality and standard of living, improving the quality of education. Changes in the environmental component will take place under the influence of innovations in the form of conservation of natural resources and reduction of emissions into the environment. The analysis of the peculiarities of innovation activity in Ukraine showed that innovations in Ukraine are underdeveloped and need to be intensified to build sustainable development. The obtained results can be used in the development of a strategy for sustainable development of Ukraine and the implementation of its policy in economic life.

scholarly journals Assessing the prospects for sustainable development in the context of a pandemic

2021 ◽  
Vol 16 (1) ◽  
pp. 98-109
Author(s):  
N. G. Gadzhiev ◽  
N. A. Murzak ◽  
A. Е. Mitenkova ◽  
О. V. Skripkina ◽  
S. A. Konovalenko ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Renewable Energy ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Energy Sector ◽  
Economic Damage ◽  
Gas Emissions ◽  
Sustainable Economic Development ◽  
The Impact

Aim. The article aims to study the dynamics of greenhouse gas emissions as they depend on the type and structure of economic activity in the Russian Federation (RF); to identify the impact of the pandemic and its consequences on the energy sector development and to justify the need to switch to renewable energy to ensure the sustainable economic development of Russia.Materials and Methods. In the process of conducting this study, statistical methods of analysis, system analysis method and the comparative method of analysis were used.Results. The results of the study have confirmed the need to switch to renewable energy in order to ensure the reduction of greenhouse gas emissions into the environment (each unit of energy generated by RES will reduce greenhouse gas emissions by 50‐200 %). The reason is that the economy sector accounts for almost 79% of such emissions, which makes the transition to renewable energy relevant to ensuring the sustainable economic development of Russia.Conclusion. Achievement of the internationally recognized Sustainable Development Goals, in particular Goal 7 «Ensuring Access to Affordable, Reliable, Sustainable and Modern Energy Sources for All» in the context of a pandemic and its consequences necessitates energy sector reform. This could be achieved by increasing the share of renewable energy in order to reduce greenhouse gas emissions into the environment and, accordingly, to prevent further climate change, one of the main causes of not only environmental but also of economic damage. 

Analyzing Zakat as a Social Finance Instrument to Help Achieve the Sustainable Development Goals in Kedah

2021 ◽  
Vol 39 (10) ◽  
Author(s):  
Yusuf HAJI Othman ◽  
Mohd Sholeh Sheh Yusuff ◽  
Abdeltawwab Moustafa Khaled Moawad
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Empirical Evidence ◽  
Sustainable Development Goals ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
The Sustainable Development ◽  
Development Goals ◽  
Muslim Communities ◽  
The Impact

Zakat is a religious obligation that must be complied with by all eligible Muslims. Therefore, it plays a significant role as an Islamic social finance instrument that could finance specific programs to achieve social, political, and economic development among Muslim communities. This study aims to analyze the impact of zakat distribution in achieving sustainable development goals in the state of Kedah, given the constraint faced by the Kedah State Zakat Board. This study employs secondary data and documentation and uses descriptive analysis to analyze the data and answer the research objective to provide empirical evidence and justifications to the analysis. This study reveals that zakat distribution in Kedah, Malaysia was in line with sustainable development goals (SDGs). Thus, there is excellent potential to achieve the SDGs provided that zakat institutions make specific alignments and improvements to improve the effectiveness of zakat distribution to achieve the targeted SDGs. However, its success still depends upon the amount of zakat collection and better management.  

MECHANISMS AND TOOLS OF STIMULATING INNOVATION ACTIVITY IN A REGION

2021 ◽  
Author(s):  
Лариса Андреевна Кузьмина
Keyword(s):  
Economic Development ◽  
Global Leadership ◽  
The State ◽  
Development Model ◽  
Innovation Activity ◽  
Innovative Development ◽  
Sustainable Economic Development ◽  
Regional Authorities

Реализации задач, определенных Президентом РФ и направленных на обеспечение устойчивости экономического развития, преодоление технологического отставания и достижение мирового лидерства, обусловливает переход к иной, инновационной модели развития. В статье рассматриваются подходы к формированию такой модели на региональном уровне. Уровень инновационной активности в регионе определяется поддержкой со стороны государства и региональных властей, использующих различные инструменты ее стимулирования. Implementation of the tasks set by the RF President and aimed at providing for sustainable economic development, overcoming technological lagging and attainment of the global leadership provides conditions for a transition to a different, innovative development model. The article considers several approaches to the formation of this model at the regional levels. The level of innovation activity in the region largely depends on the support offered by the state and regional authorities which use various tools of stimulating this activity.

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