scholarly journals The Innovation-Driven Impact on Economic Structure Transition. The Case of China

2017 ◽  
Vol 53 (4) ◽  
pp. 9-26
Author(s):  
Hailun Zhang ◽  
Sheng Xu
Keyword(s):  
Economic Development ◽  
Driving Force ◽  
Economic Structure ◽  
Developed Countries ◽  
Structure Transition ◽  
Tertiary Industry ◽  
Industrial Sectors ◽  
Belt And Road ◽  
The Impact ◽  
Plsr Model

AbstractThe research measures the driving force of innovation in economic structure transition. In order to change the pattern of economic development, China is implementing a strategy of innovation-driven development. China’s capacity of innovation has been increasing, especially since 2012, and China’s innovations have taken a leap-forward development. Nowadays, innovation has become a main driving force in China’s economic development and hi-tech industries particularly make a great contribution. Although China’s tertiary industry has been dominant and its share in three industrial sectors has been exceeding 50% since 2015, a problem still exists in China’s economy that the proportions of primary and secondary industries are relatively higher compared with developed countries. In this paper we use PLSR model to measure the impact of innovation on China’s economic structure transition. It is found that innovation can expand the tertiary industry through shrinking the proportions of primary and secondary industries, transforming China’s economic structure into a more advanced pattern. Additionally, China is also devoting itself to the “Belt and Road Initiative”, which should be combined with China’s domestic innovation-driven development and realize sustainable development of economy worldwide.

scholarly journals Challenges and Sustainability of China’s Socio-Economic Stability in the Context of Its Demographic Development

Societies ◽  
2021 ◽  
Vol 11 (1) ◽  
pp. 22
Author(s):  
Andrea Čajková ◽  
Peter Čajka
Keyword(s):  
Economic Development ◽  
Pension System ◽  
Population Policy ◽  
Developed Countries ◽  
Economic Stability ◽  
Demographic Development ◽  
Demographic Challenges ◽  
Family Behavior ◽  
Socio Economic Development ◽  
The Impact

Like many developed countries in the world, China currently faces many serious demographic challenges that pose a potential risk to the country’s socio-economic development and stability. The current demographic development and trend is characterized by a change in the reproductive behavior of the population, characterized by a decline in birth rates, a change in family behavior, and a shift in the value system. This paper is aimed at identifying the impact of population policy and the degree of its influence on both the economic and social system of the country. Based on a deterministic approach, the findings reveal and demonstrate the serious demographic challenges facing China, and we are noting that there is no guarantee that parametric adjustments, such as shifting the retirement age, will de facto ensure the financial health of the pension system by preventing bankruptcy. We point out the risks and prospects for the sustainability of China’s socio-economic development based on an analysis of past and current Chinese demographic policy.

CONCEPTUAL PRINCIPLES OF ACHIEVING INTELLECTUAL LEADERSHIP

2021 ◽  
Vol 6 (2) ◽  
pp. 100-104
Author(s):  
Liudmyla Tsymbal
Keyword(s):  
Economic Development ◽  
Intellectual Capital ◽  
Global Economy ◽  
Physical Capital ◽  
Developed Countries ◽  
Educational Process ◽  
High Tech ◽  
The Impact ◽  
Intellectual Leadership

The article identifies the key conceptual foundations for the formation of intellectual leadership of economic entities, including countries as specific actors in the global economy. Thorough preconditions for increasing the level of economic development and the impact of education have been identified. It is determined that historical concepts and modern realities of economic activity only actualize the role of education and enlightenment in the economic development of the national economy and ensuring its competitiveness. The strategies of increasing the competitiveness of individual countries of the world are analyzed, their key priorities in the conditions of formation of the knowledge economy are determined. The evolution of views on the role of human and intellectual capital in increasing the welfare of countries, the impact on GDP and other macroeconomic indicators is described. The ratings of countries are analyzed, in particular by the level of investment in intellectual capital and the structure of their GDP, which confirms the dominance of science-intensive economic activities. In addition, it was determined that the leading countries are characterized by increasing the role of knowledge-intensive activities, increasing the share of intangible assets, redistribution of capital of leading international companies and increasing research spending, increasing investment in human and intellectual capital, increasing exports of high-tech products. Analytical assessment confirms the advanced development of science-intensive industries in countries with developed economies, which creates the need for training and retraining of specialists needed for such industries. In modern conditions, the educational process ceases to be predominantly the prerogative of young people, and becomes a lifelong process, which increases spending on education in developed countries, but without denying the significant asymmetries on this indicator. Research confirms the direct relationship between the quality of human and physical capital and economic development, which is typical of highly developed countries, one of the main reasons for the development lag of the poorest countries. In addition, the article substantiates the key factors of intellectual leadership and their impact on the development of economic development strategies.

scholarly journals Currency liberalization and its impact on the economy of Ukraine

2020 ◽  
Vol 2020 (3) ◽  
pp. 25-40
Author(s):  
Valentyna Harkavenko ◽  
◽  
Galina Yershova ◽  
◽  
Keyword(s):  
Economic Development ◽  
Financial Sector ◽  
Developed Countries ◽  
Raw Material ◽  
Negative Consequences ◽  
Economic Activities ◽  
Depth Analysis ◽  
European Standards ◽  
Business Entities ◽  
The Impact

Examining the transformation of financial relations in Ukraine, in the previous article the authors analyzed the impact of foreign capital on the economic development of this country’s economy and found that its concentration in certain economic activities contributed to consolidating its raw material orientation. The authors conclude that due to the distorted model of Ukraine's economic development, successful practices of developed countries to attract foreign investment and reform the financial sector are ineffective in this country’s economy. Continuing the study of the transformations of financial relations in Ukraine, which are taking place under the influence of the approximation of domestic legislation to European standards, the authors could not leave aside the question of impact of the liberalization of currency legislation on the economy. Given that currency liberalization significantly affects the behavior of foreign investors, the authors conducted an in-depth analysis of legislative changes in the financial sector, and described the main results of their implementation. The positive and negative consequences of currency liberalization in Ukraine for business entities and the economy in general are analyzed. Particular attention is paid to the risks associated with the liberalization of operations related to the movement of capital and the behavior of non-residents in the financial market of Ukraine. It is concluded that Ukraine’s economy with its distorted development model belongs to the financially and institutionally weak ones, hence is not presently ready to liberalize its monetary relations, which could only deepen the deformations and reduce resilience to macroeconomic imbalances.

scholarly journals Remittances and Quality of Life of Emigrant Families in Kerala

2016 ◽  
Vol 2 (02) ◽  
Author(s):  
RUKSANA. M.M. ◽  
Dr. K. GANGADHARAN
Keyword(s):  
Quality Of Life ◽  
Economic Development ◽  
Developed Countries ◽  
Living Standards ◽  
Survey Report ◽  
The People ◽  
Unskilled Labour ◽  
The Developed Countries ◽  
The Impact

International migration has an important role in the economic development of every economy.In Kerala, most of the people prefer to emigrate for skilled and unskilled labour to the developed countries to improve the living standards oftheir families.According to Kerala Migration Survey Report, forevery 100 households in the state, there were 29.3 emigrants in 2014and the number of emigrants has increased graduallyover the years, from13.6 lakhs in 1998 to 24.0 lakhs in 2014.Kerala is receiving an increasing amount of money from abroad as workers’ remittances and total remittancesto Kerala in 2014 was estimated to be Rs71,142 crores.Remittances per household were Rs 86,843 in 2014 compared to Rs. 63,315 in 2011 and Rs. 57,227 in2008.The present study is to find out trend and growthof household remittance in Kerala and to analyze the impact of these remittance to the living standards of emigrant families.

The impact of the environment on economic growth: Evidence from China

2020 ◽  
Vol 16 (6) ◽  
pp. 1148-1164
Author(s):  
Chi Chang ◽  
V.M. Zaernyuk
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Environmental Pollution ◽  
Environmental Protection ◽  
Environmental Regulations ◽  
Protection Policy ◽  
Industrial Sectors ◽  
Bilateral Effects ◽  
Development Objectives ◽  
The Impact

Subject. China's industrial sectors are important vehicles that made China the global leader of GDP and economic growth. However, China managed to reach such results sacrificing its environment. The study discusses the coordination of actions spurring the economic growth and environmental protection in order to avoid such sacrifices for the sake of the national economic development. Objectives. We examine the mechanism of bilateral effects on the economic growth of China's industries and environmental protection to provide the empirical framework for the reasonable natural protection policy and environmental regulations. Methods. Theoretical projections stem from the analysis of economic literature and empirical research on resources, environment and sustainable economic development in the existing theories of economic growth. Results. Having analyzed how the environmental pollution and the industrial economic growth of China correlated, we found that a set of various environmental pollution indicators strongly differed from the empirical findings of the study. Therefore, it is still not found how the economic growth of China influenced the environmental pollution. Conclusions and Relevance. The improvement of the environmental quality is not an unavoidable endogenous result of the economic growth. If the Chinese industrial sectors continues growing extensively, the environment will grow even more polluted. It is necessary to determine a reasonable environmental protection policy to combine it with economic growth, and tighten the environmental regulations.

scholarly journals Impact and efficacy of mobile health intervention in the management of diabetes and hypertension: a systematic review and meta-analysis

2020 ◽  
Vol 8 (1) ◽  
pp. e001225
Author(s):  
Yaqian Mao ◽  
Wei Lin ◽  
Junping Wen ◽  
Gang Chen
Keyword(s):  
Systematic Review ◽  
Economic Development ◽  
Clinical Outcomes ◽  
Mobile Health ◽  
Treatment Strategy ◽  
Meta Analysis ◽  
Developed Countries ◽  
Mhealth Intervention ◽  
The Impact ◽  
Different Levels

With the continuous development of science and technology, mobile health (mHealth) intervention has been proposed as a treatment strategy for managing chronic diseases. In some developed countries, mHealth intervention has been proven to remarkably improve both the quality of care for patients with chronic illnesses and the clinical outcomes of these patients. However, the effectiveness of mHealth in developing countries remains unclear. Based on this fact, we conducted this systematic review and meta-analysis to evaluate the impact of mHealth on countries with different levels of economic development. To this end, we searched Pubmed, ResearchGate, Embase and Cochrane databases for articles published from January 2008 to June 2019. All of the studies included were randomized controlled trials. A meta-analysis was performed using the Stata software. A total of 51 articles (including 13 054 participants) were eligible for our systematic review and meta-analysis. We discovered that mHealth intervention did not only play a major role in improving clinical outcomes compared with conventional care, but also had a positive impact on countries with different levels of economic development. More importantly, our study also found that clinical outcomes could be ameliorated even further by combining mHealth with human intelligence rather than using mHealth intervention exclusively. According to our analytical results, mHealth intervention could be used as a treatment strategy to optimize the management of diabetes and hypertension in countries with different levels of economic development.

scholarly journals Trends of structural changes in dissemination of advertising

2018 ◽  
pp. 55-65
Author(s):  
Iryna Voronenko ◽  
Andrii Skrypnyk ◽  
Yurii Namiasenko
Keyword(s):  
Driving Force ◽  
Structural Changes ◽  
Developed Countries ◽  
Information Space ◽  
Television Commercials ◽  
Internet Users ◽  
The World ◽  
Per Capita ◽  
The Developed Countries ◽  
The Impact

The article points out that a well-functioning information space serves as a basis for boosting economic development and for building a civil society. It is emphasized that despite constant changes in the structure of information space, advertising has been and will be its important component or even driving force. The paper highlights how researchers discuss this issue, and concludes that there are a lot of aspects which have not been considered yet, and need to be studied in detail. It is claimed that one of such aspects is dynamics of structural changes in dissemination of advertising. For the purpose of the study, methods of statistical and econometric analysis, synthesis, generalization and comparison are used. The paper provides an analysis of the global advertising business and calculates percent- ages of advertising expenditures by categories in 2004, 2016 and 2018. Based on the results achieved, it is concluded that the share of advertising expenditures in the global GDP has decreased. It is also stressed that the rivalry between television commercials and Internet advertisements will be more intensive. The impact of the country’s GDP on advertising expenditures is assessed, and it is found that, if per capita GDP grows by $1,000, advertising expenditures will increase by $11 with $5.3 on Internet and $2.3 on television advertisements. The significant growth of Internet users in the world and per 100 of inhabitants in 2001-2017 is driven primarily by young people aged 15-24. Advertising expenditures have doubled in social networks recently. The paper provides an analysis of advertising expenditures by world regions, and percentages of advertising expenditures in Ukraine by categories in 2004 and 2016. It is concluded that advertising expenditures represent just a marginal share in Ukraine’s GDP (0.33 per cent), only half as much as in the world and seven times less than in the developed countries.

scholarly journals Hybrid organizations as effective intermediate institutions: Evidence from Eastern Asia

2021 ◽  
Vol 13 (1) ◽  
pp. 110-130
Author(s):  
Daniil A. Sitkevich ◽  
◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
System Analysis ◽  
Subsequent Development ◽  
Developed Countries ◽  
Hybrid Organizations ◽  
Economic Policies ◽  
Positive Role ◽  
Asian Tigers ◽  
The Impact

Introduction: the article examines the impact of hybrid organizations on the economic dynamics of Eastern Asian countries. Objectives: to assess the effectiveness of hybrid organizations as intermediate institutions that promote economic development, to describe the transformation of hybrids as they are modernized. Methods: dialectical method, system analysis, case study method, induction method. Results: the positive role of hybrid organizations in catching-up economic development is revealed; it is shown that hybrids serve as intermediate institutions that either transform or hinder economic growth as modernization progresses; possible economic policies to support hybrids are described. Conclusions: hybrid organizations are common in many countries and regions with a predominance of traditional regulators which have managed to reach the development path of developed countries. Thus, hybrids are country specific for the “Asian tigers” – Japan (in the form of keiretsu), South Korea (in the form of chaebols), Taiwan (in the form of clusters) as well as for China (in the form of industrial areas). At the same time, in most cases, hybrid institutional agreements serve as intermediate institutions – relying on existing social ties, they promote economic growth, but as they modernize, they either undergo changes or hinder subsequent development. The analysis of the presented cases also shows that the state can contribute to the formation of hybrids in various ways – from creating infrastructure to supporting the export activities of firms.

scholarly journals Over-The-Top Media in Digital Economy and Society 5.0

2020 ◽  
Vol 8 (3) ◽  
pp. 60-67
Author(s):  
Tasya Safiranita Ramli ◽  
Ahmad M Ramli ◽  
Huala Adolf ◽  
Eddy Damian ◽  
Miranda Risang Ayu Palar
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Intellectual Property ◽  
Driving Force ◽  
Developed Countries ◽  
Digital Economy ◽  
Digital Revolution ◽  
Property System ◽  
Over The Top ◽  
Creativity And Innovation

Indonesia has entered global economic development based on innovation, technology and knowledge. This is the first point where it becomes the driving force in economic growth. In this, in Indonesia there is a population of millennials who have new creativity and innovation that makes the potential that can increase economic growth based on the digital economy and pursue the Society 5.0.. Nowadays, innovation and creativity are the key to success in economic development in the era of globalization. It is also closely related to the intellectual property system. In the era of globalization, developed countries are those who are able to utilize intellectual property as a driving force for the economy through new science, technology, creativity and innovation. One of the changes in the media is Over The Top (OTT), which is quite popular either in the world of telecommunications, world governance or academic world. In the digital era, some companies implemented a system that will change the company's digital revolution. Some companies need to restructuring their type of business based on digitalisation.

scholarly journals Support of Small and Medium-Sized Business as a Strategic Vector of Sustainable, Competitive and Balanced Development of the Region

2019 ◽  
pp. 134-142 ◽  
Author(s):  
Anastasiya Ostovskaya
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Developed Countries ◽  
Entrepreneurial Activity ◽  
Regional Competitiveness ◽  
Balanced Development ◽  
Specific Target ◽  
The Impact ◽  
Strategic Reserve ◽  
Structural Shifts

Structural shifts in the country’s economy destabilize the macroeconomic situation and require consolidation of the efforts of the state as a whole and regions, in particular in the search for opportunities and internal reserves for increasing competitiveness. Today, the main strategic reserve capable of ensuring the development of the country and regions is entrepreneurial potential. The paper presents an analysis of the indicators of SMB development in developed countries, where its share in the GDP makes over 50 %. The author carries out the analysis of the development of small and medium-sized business in Russia, studies the documents regulating the issues of entrepreneurial activity and promoting the development of small and medium-sized business in the context of individual entrepreneurial initiative support. The plan of measures for the development of small and medium-sized entreprises in Russia with deadlines, responsible authorities and specific target indices is provided. The essence of entrepreneurial potential of the region is studied. An assessment of its components in the context of the impact on regional competitiveness is carried out. The recommendations and advantages of developing the potential of entrepreneurial structures of the region based on cluster associations are presented. The sequence of actions for the formation of a strategy for the transition to sustainable development of entrepreneurial structures is determined on the basis of the approach, which provides for the balance of the economic development of SMB.

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