scholarly journals An Innovative Model of Economic Development of the Market

2021 ◽  
Vol 93 ◽  
pp. 01005
Author(s):  
Ayna Salamova
Keyword(s):  
Economic Growth ◽  
Social Orientation ◽  
Modern World ◽  
Economic Management ◽  
Technological Basis ◽  
Stage Of Development ◽  
Science Technology ◽  
Innovative Model ◽  
Intensive Development

The transformation of the economy into an innovative socio-economic system is the basis for fundamental changes in the modern world, radically changing both the nature of labor and the main productive forces, and the appearance of society, the level and quality of its life. The content of the transition of the economy to a new stage of development is such processes as a change in the technological basis and model of economic management, strengthening of its social orientation and, finally, globalization. A fundamentally new technological basis of society is being formed today, a key role in which is played by information computer systems, nano- and biotechnologies, which have an innovative character and dynamism as their distinctive feature. The ongoing intensive development of the needs of society, science, technology, information determines both the expansion of the diversity of existing factors and models of economic growth, and the emergence of new ones.

scholarly journals Tree-based approaches for understanding growth patterns in the European regions

REGION ◽  
2016 ◽  
Vol 3 (2) ◽  
pp. 23 ◽  
Author(s):  
Paola Annoni
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Institutional Quality ◽  
Growth Patterns ◽  
Multivariate Adaptive Regression Splines ◽  
Transport Infrastructure ◽  
Macroeconomic Conditions ◽  
Stage Of Development ◽  
The Eu

The paper describes an empirical analysis to understand the main drivers of economic growth in the European Union (EU) regions in the past decade. The analysis maintains the traditional factors of growth used in the literature on regional growth - stage of development, population agglomeration,<br />transport infrastructure, human capital, labour market and research and innovation - and incorporates the institutional quality and two variables which aim to reflect the macroeconomic conditions in which the regions operate. Given the scarcity of reliable and comparable regional data at the EU level, large part of the analysis has been devoted to build reliable and consistent panel data on potential factors of growth. Two non-parametric, decision-tree techniques, randomized Classication and Regression Tree and Multivariate Adaptive Regression Splines, are employed for their ability to address data complexities such as non-linearities and interaction eects, which are generally a challenge for more traditional statistical procedures such as linear regression. Results show that the dependence of growth rates on the factors included in the analysis is clearly non-linear with important factor interactions. This means that growth is determined by the simultaneous presence of multiple stimulus factors rather than the presence of a single area of excellence. Results also conrm the critical importance of the macroeconomic framework together with human capital as major drivers of economic growth of countries and regions. This is overall in line with most of the economic literature, which has persistently underlined the major role of these factors on economic growth but with the novelty that the macroeconomic conditions are here incorporated. Human capital also has an important role, with low-skilled workforce having a higher detrimental eect on growth than high-skilled. Not surprisingly, other important factors are the quality of governance and, in line with the neoclassical growth theory, the stage of development, with less developed economies growing at a faster pace than the others. The evidence given by the model about the impact of other factors on economic growth such as those on the quality of infrastructure or the level of innovation seems to be more limited and inconclusive. The analysis conclusions support the reinforcement of the EU economic governance and the conditionality mechanisms set in the new architecture of the EU regional funds 2014-2020 whose rationale is that the eectiveness of the expenditure is conditional to good institutional quality and sound economic policies.

Workforce and Stimulation of Economic Growth in Russia

2019 ◽  
pp. 5-12 ◽  
Author(s):  
Yu. V. Vertakova ◽  
V. A. Plotnikov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Labor Market ◽  
Russian Economy ◽  
Production Factors ◽  
Stage Of Development ◽  
Factorial Approach ◽  
Socio Economic Development

The presented study determines the prerequisites for accelerating economic growth and improving the quality of socio-economic development by modernizing approaches to the regulation of the labor market and reproduction of labor potential.Aim. The study aims to identify problems in ensuring economic growth in Russia by the workforce and to propose approaches to solving these problems.Tasks. The authors characterize the current rate and prospects of changes in economic growth in Russia; describe the problems of ensuring economic growth from the perspective of a factorial approach (through the example of the labor factor); analyze the causes of labor market imbalance and inefficient provision of workforce for the economy; propose recommendations on improving the process of ensuring economic growth by the workforce at the current stage of development of the Russian economy.Methods. This study applies methods of institutional, structural, and statistical analysis to the processes of economic growth and socio-economic development. A factorial approach to the description of economic growth is used during the analysis of this phenomenon. Its rate is determined by the quantity and quality of (resource) production factors. The labor factor is thoroughly analyzed. The problems of ensuring economic growth in Russia by the workforce are examined from the perspective of the systems approach using methodological techniques of variant and situation analysis.Results. The study substantiates the opinion that the modern Russian economy has stalled in a state of near-zero growth, mostly due to the low efficiency of the implemented socio-economic policy. It is therefore necessary to increase the rate of economic growth. The authors use the factorial approach (through the example of the labor factor) to examine the sufficiency of resourcing of economic growth with production factors. It is shown that, in light of the recent pension reform, workforce in modern Russia is sufficient and even superfluous. The key qualitative problems in the operation of the labor market are comprehensively analyzed, including the structural and quantitative discrepancy between specialist training in the educational system and labor requirements; overeducation of the population (people perform work that requires lower qualification than their actual level of education and/or professional training). This study shows the specificity of these problems and provides recommendations on solving them, which requires revising approaches to the development and implementation of the state economic policy.Conclusions. Russia has the resource capabilities (in terms of workforce) to intensify economic growth and make a breakthrough in socio-economic development. Analysis of the existing problems in this field shows that these issues can be solved. However, this requires a focused, systematic effort spearheaded by the government, which is impossible without improving the implemented state economic policy.

scholarly journals FIVE-FOLD SYNERGY AS AN OPTIMAL INNOVATIVE MODEL

2021 ◽  
pp. 25-33
Author(s):  
Julia Yereshko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic System ◽  
Multicomponent System ◽  
Modern World ◽  
Economic Systems ◽  
Endogenous Factors ◽  
Economic Agents ◽  
Innovative Model ◽  
The Impact

Introduction. The issue of understanding the patterns and factors of economic growth is reflected in the work of scientists, politicians, historians and publicists from antiquity to the present. The economic system is transforming, at the same time evolving partly randomly, and quantitative changes often precede qualitative ones. Systems of this type are characterized by the bifucarial nature of development, i.e. a change in the qualitative behaviour of such dynamic nonequilibrium systems with a slight alternative to their parameters, bifurcation points (transition or progress) of which are the economic crises, and the equilibrium state is only a certain moment in their movement and development. This nature of evolution is decisive for the whole set of complex multicomponent nonlinear systems, represented by a multiparameter set of dynamic systems of lower order, which include economic ones. However, this typology automatically means a logical problem of finding patterns of their movement and development, given the difficulty of predicting the reaction of this type of system to the impact and change of their parameters. The aim of the article is to substantiate the optimal innovative model of the economy based on the determination of a key factor of economic development. The methodological basis of the research is dialectical analysis, the method of studying the causality of phenomena, determinism in the study of systems, theoretical and logical generalizations and hypotheses. Results. The characterization of economic systems as complex, multicomponent and chaotic, i.e. those that can be deterministic and predictable only in theory, explains the stochastic nature of economic laws and the logical absence of a "universal" recipe for development, which proves the need to find endogenous factors. Based on the assumption of a unified nature of development and unevenness, it is determined that the core of innovative development in the modern world is the intellectualization of economic systems. The factor of unevenness and development, at the same time, in the modern sense, development innovative that is, is the intellectual capital, which produces an innovative flash, which with the appropriate working mechanism becomes the driving force of development. The study of development theories proves the need to endogenize the "Sollow residual", because the assumption of the exogenous nature of scientific and technological development, and hence economic growth, does not explain the root causes of the uneven development of individual economies, and therefore does not explain the key development factor. Naturally, the general trajectory of global development is set exogenously, at the same time, it begins with an endogenous innovation outbreak, which turns into an innovation flow and forms the technological base adopted by the rest of economic systems. The contradiction of the neoclassical paradigm and institutionalism is purely nominal, because the establishment of rules and directives by institutions can be based on "ratio" and convergence of economic agents – institutions, or their synergy can provide recursive directiveness to the system, the economic system as a whole, that is, and "irrational" rules will be organically calibrated as a result of this interaction, at the same time, the presence of rules will give the chaotic multicomponent system some additional determinism. Thus, a five-fold synergy is proposed as an innovative model of economic development, which takes into account the whole set of interactions between economic agents in their joint development and conflict, determining the optimal trajectory of overall sustainable economic growth.

scholarly journals Kajian Revitalisasi Pasar Pleret Kabupaten Bantul

Media Wisata ◽  
2021 ◽  
Vol 14 (2) ◽  
Author(s):  
Prihatno Prihatno
Keyword(s):  
Economic Growth ◽  
Power Saving ◽  
Quality Level ◽  
Cultural Environment ◽  
Economic Management ◽  
Shopping Centre ◽  
Traditional Markets ◽  
Traditional Market ◽  
The Government

The existence of traditional markets that have unique functions and diversity must be preserved and conserved as one characteristic of the culture in the district of Bantul in particular because there are values that are not contained in a modern shopping centre. This has encouraged the government is obliged to immediately revitalize traditional markets in order to respond to the chronic problems of the traditional market which is related to the traditional market image problem. Traditional markets are imaged as rundown, dirty, muddy, poorly maintained, and has a quality level of occupancy very down Program traditional market revitalization aims to improve the performance and quality of the market. Review activity Market Revitalization Pleret intended to identify the physical, economic, management, environmental and social, in order to obtain data that can be used to find out the problems and constraints faced by market Pleret development efforts as a traditional market better, formulate. Market revitalization programs and activities Pleret Bantul and provide recommendations on structuring the physical aspects, economics, management, socio-cultural environment and Pleret Pasar Bantul. The results showed that Pleret Market is a traditional market with pancawara or use the 'market'. namely,  a market which used 'pasara' which consisted of five days a week, namely PON‟, Legi, Pahing, Pon and Wage. And the market Pleret uses only two days is the day with the 'market' Pon and day with the 'market' PON‟ while other days by Legi, Pahing and Wage in the market Pleret not move alias lid so that the count of time efficiency, the market Pleret including market inefficient because only open 12 days a month. In an effort to improve the image and power saving Pasar Pleret, it is recommended that the market Pleret can soon turn into a normal market, the business should immediately take the policy with regard to improving the management of Market Pleret, so that this market can operate optimally and efficiently, serve the needs of society, merchants increase revenue, and increase revenue (PAD) through retribution market which will eventually boost economic growth Bantul.

scholarly journals The impact of reputation capital of the region upon the quality of life of the population

2020 ◽  
pp. 130-141
Author(s):  
Leonid Alekseevich Elshin ◽  
Aleksandr Stanislavovich Grunichev ◽  
Amina Aidarovna Davydova
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Socioeconomic Development ◽  
Economic Relations ◽  
Stage Of Development ◽  
Exogenous Factors ◽  
The Subject ◽  
The Republic ◽  
The Impact

The subject of this research consists in elaboration of the formalized assessment methods of the impact of reputation capital of the region upon the quality of life of the population. The object of this research is the Republic of Tatarstan. The authors substantiate the need for examining the nontraditional productive factors that determine the impact of economic development of the territories in the conditions of globalization of reproduction processes. It is underlined that at the current stage of development, it is important in the models of economic growth to take into account reputation potential of the region as one of the crucial generators of socioeconomic development in the context of digitalization of economic relations. Particular attention is turned to the questions of assessment of cumulative indexes of reputation of the territories, which form the foundation for formation of econometric models. Based on the proposed methods and approaches, the authors develop a model that in a formalized way allows determining the degree of impact of reputation capital of the region upon the parameters and dynamics of the income per capita as a paramount indicator of the quality of life. Application of the proposed methodological tools allowed substantiating the prospects, reasonableness and relevance of using with regards to the models of regional economic growth the exogenous factors, which characterize the level of development of nonmaterial factors of production. The obtained results prove the substantial correlation between the analyzed statistical arrays. It is established that augmentation reputation capital of the territories is an important task in the era of digitalization and globalization.

scholarly journals Economic Growth: Types and Factors

2015 ◽  
Author(s):  
Aleksey Poliduts ◽  
Yuner Kapkaev
Keyword(s):  
Economic Growth ◽  
Growth Factors ◽  
World Bank ◽  
State Regulation ◽  
Federal State ◽  
Stage Of Development ◽  
Theoretical Approaches ◽  
The World Bank ◽  
Sustainable Economic Growth

The article deals with the content of economic growth as an economic category through determining its type, indicators and factors. It proposed grading factors based on the various existing theoretical approaches. With all the variety of growth factors and options for sorting the basic separation occurs in the direct and indirect factors, internal and external, intensive and extensive, the factors of supply, demand and distribution, controlled and uncontrolled factors, factors of economic and non-economic, interchangeable and supplemented growth factors. The author points out the main trends and features of economic growth, determining the pace and quality of economic growth in Russia at the present stage of development. The methodological basis of the study is the dialectical method of knowledge, which allows to study economic phenomena and processes in their constant interaction and development. Sources of data in the study is an analytical and statistical materials the IMF, the World Bank and the Federal State Statistics Service. Formulate a set of restrictions for sustainable economic growth in Russia, due to the influence of various kinds of factors. As highlighted in its basic elements: the raw structure of Russian exports, weak competitiveness of downstream industries, the economic sanctions imposed in 2014 by the Western countries, reducing the purchasing power of the ruble against the reserve currencies. The results may help to improve the efficiency of stimulating the development and maintenance of high economic growth in the implementation of measures of state regulation both in Russia and in other countries.

scholarly journals Quality of Teachers in STEM Learning at Secondary School

2018 ◽  
Author(s):  
Titik Rahayu ◽  
Syafrimen Syafril ◽  
Agus Pahrudin ◽  
Ibdal Satar ◽  
Kamisah Binti Othman ◽  
...  
Keyword(s):  
Economic Growth ◽  
Secondary School ◽  
Secondary Schools ◽  
Learning Process ◽  
Recent Trend ◽  
National Development ◽  
Stem Learning ◽  
Science Technology ◽  
And Mathematics

The latest approach in the learning process of Science, Technology, Engineering and Mathematics (STEM) has become the most recent trend in this decade. STEM not only for processing and producing the talents with expertise in education but also acts as a catalyst to the economic growth and national development. However, there are still impending issues associated with the usage of STEM in secondary schools, which one of the main issues is related with the quality of teachers. Previous studies were used as a reference to discuss respective issues. Previous studies showed that (i) effective curriculum, (ii) improvement of teacher’s motivation and mentoring in the usage of STEM are the foundation for the enhancement of teacher’s quality in the teaching of STEM.

scholarly journals Measuring the Quality of Economic Growth

2019 ◽  
Vol 26 (7) ◽  
pp. 5-19 ◽  
Author(s):  
G. O. Kuranov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Essential Element ◽  
Growth Dynamics ◽  
Individual Characteristics ◽  
Social Progress ◽  
Inclusive Development ◽  
Social Orientation ◽  
Previous Decade

With the exhaustion of extensive factors, the quality of economic growth becomes the most important criterion and a condition for the consistent furthering economic development and social progress in Russia. The diversity and multidimensional nature of the quality of growth implies the need to consider it from different perspectives: both as a result of a target development directions and as a prerequisite for current and future progress. At the same time, individual characteristics, included in the expanded concept of quality of growth as an essential element of sustainable development, are competitive, for example, inclusive development and growth dynamics. This study addresses characteristics of the quality of economic growth, mainly from its macroeconomic perspective: stability, efficiency, flexibility, progressiveness, social orientation, reducing differentiation. The author analyzed those characteristic-based indicators, and factors aimed at achieving those socio-economic goals. It is considered how these characteristics evolved at individual stages of economic development. Based on statistical calculations, it is concluded that there has been a slowdown in the quality of growth since the 2009 crisis, in contrast to the previous decade. The author indicates the factors of economic growth and improvement of its quality in the medium term, as well as the possibility of combining the requirements of inclusive growth and accelerating economic development.

scholarly journals Public administration tools: Forecasting vs Designing

Upravlenets ◽  
2021 ◽  
Vol 12 (1) ◽  
pp. 18-31
Author(s):  
Evgeny Balatsky ◽  
Nataly Ekimova
Keyword(s):  
Economic Growth ◽  
Public Administration ◽  
Management System ◽  
Practical Significance ◽  
Modern World ◽  
Economic Management ◽  
Planning And Design ◽  
Development Regime ◽  
Cast Doubt ◽  
Alternative Measures

The article discusses the expediency of abandoning the tool of social forecasting in the practice of public administration in favor of planning and design methods. The methodological basis rests on the conceptual imperative of the impossibility to produce adequate forecasts in the modern world, which is supported by such respected researchers as Douglas North, George Soros, Nassim Taleb and Arnold Toynbee. The fairness of this thesis is illustrated using methods of comparison and analysis. The study analyses the main factors that cast doubt on the possibility and expediency of preserving the tool of social prognostics: the failure of the scenario forecast format; the need for foreknowledge of events rather than values of traditional macro-parameters; the extension of Arnold Toynbee’s principle from a historical retrospective to studying the prospects; the economic growth rate indicator (GDP) losing its indicative universality and the emergence of alternative measures of social development (Gross National Happiness, culture and environment preservation); critical attitude of the intellectual elite to the possibility of social forecasting; unreliability of the source statistics; the expectation of the end of economic growth, a change in the development regime and quantitative forecasting devaluation by the leading experts – Douglas North, Robert Lucas, Tom Piketty, Richard Heinberg; the completion of the mission of capitalism in the form of the Neo-Malthusian trap and robotomics (mass introduction of robots to the economy). The authors prove that amid fading interest in traditional forecasting, alternative prognostication methods are emerging, such as planning, designing, futurology, foresight and strategic intelligence. Devaluation of forecast tools leads to the need to change the old doctrine of public administration, based on forecast documents, to a new one implying a transition to active construction of the future through directive designing and planning. The theoretical and practical significance of the study lies in substantiating the principles of a new management system: expanding the planning and design horizon (up to 30 years); introducing a mechanism for implementing plans and projects; introducing mechanisms for pre-project foresight; creating a twolevel economic management system; and moving from the quantity paradigm to the quality one.

Economic Growth: New Problems and New Risks

2006 ◽  
pp. 20-37 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Foreign Exchange ◽  
Driving Force ◽  
Structural Changes ◽  
Rate Of Growth

The economic growth, which is underway in Russia, raises new questions to be addressed. How to improve the quality of growth, increasing the role of new competitive sectors and transforming them into the driving force of growth? How can progressive structural changes be implemented without hampering the rate of growth in general? What are the main external and internal risks, which may undermine positive trends of development? The author looks upon financial, monetary and foreign exchange aspects of the problem and comes up with some suggestions on how to make growth more competitive and sustainable.

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