scholarly journals Realization of Industry Export Potential in the Republic of Belarus: Trends, Factors, Perspectives

2019 ◽  
Vol 18 (1) ◽  
pp. 75-81
Author(s):  
I. S. Blagush ◽  
N. Ya. Kazhurо
Keyword(s):  
Open Economy ◽  
Industrial Production ◽  
Information Technologies ◽  
Manufacturing Industry ◽  
Small Open Economy ◽  
Mining Industry ◽  
Industrial Sector ◽  
Expert Assessment ◽  
National Strategy ◽  
The Republic

Main development trends and complex of internal and external factors influencing on export potential of the industrial sector in the Republic of Belarus have been revealed and determined on the basis of the analysis of national and international statistical databases and method for expert assessment. Relevance of the research is to demonstrate that industry creates a significant part of commodity exports in the small open economy of the Republic of Belarus which has adopted a course to post-industrialization as a national strategy. Absolute figures of the Belarusian export of services are 3.4 times lower than values of the commodity export, 92.4 % of which is provided by manufacturing industry. It is in the sphere of industrial production that we should look for the reasons of long-term trend to reducing physical and cost volumes of Belarusian export, deterioration of its commodity and geographical structure, negative balance of trade and account of current operations. Main positions of the Belarusian commodity exports which form 70 % of its volume to non-CIS countries are raw materials exposed to unstable price environment in the world market, although the mining industry accounts for only 1.2 % while the manufacturing industry creates 85.6 % of the sector’s gross output. The study refutes the conclusion that problems associated with implementation of an export potential of domestic industry should be explained by the crisis of industrial production, proving that post-industrialization, accompanied by a reduction, curtailment or cross-border transfer of industrial production, is not so clear and does not bring the expected macroeconomic results. Reindustrialization, achievement of a breakthrough in the use of information technologies for a new quality of industrial production, which involves reorientation of IT-sector in Belarus operating on the basis of an outsourcing model from external to domestic market and solution of problems concerning system modernization of industry must become a national strategy aimed at the development and implementation of the industry’s export potential.

scholarly journals Cointegration and Structure in Norwegian Wage–Price Dynamics

Econometrics ◽  
2020 ◽  
Vol 8 (3) ◽  
pp. 29
Author(s):  
Marit Gjelsvik ◽  
Ragnar Nymoen ◽  
Victoria Sparrman
Keyword(s):  
Open Economy ◽  
Manufacturing Industry ◽  
Small Open Economy ◽  
Simultaneous Equation ◽  
Wage Bargaining ◽  
Cointegration Analysis ◽  
Macroeconomic Stabilization ◽  
Wage Formation ◽  
Equation Modelling ◽  
Simultaneous Equation Modelling

Wage coordination plays an important role in macroeconomic stabilization. Pattern wage bargaining systems have been common in Europe, but in different forms, and with different degrees of success in terms of actual coordination reached. We focus on wage formation in Norway, a small open economy, where it is custom to regard the manufacturing industry as the wage leader. We estimate a model of wage formation in manufacturing and in two other sectors. Deciding cointegration rank is an important step in the analysis, economically as well statistically. In combination with simultaneous equation modelling, the cointegration analysis provides evidence that collective wage negotiations in manufacturing have defined wage norms for the rest of the economy over the period 1980(1)–2014(4).

scholarly journals Analysis of the Propagation Effects of Remittances on the Vulnerability of External Trade of the Republic of Moldova

2021 ◽  
Vol 7 (2) ◽  
pp. 94-120
Author(s):  
Mircea Diavor ◽  
Keyword(s):  
Open Economy ◽  
Small Open Economy ◽  
Impulse Response Function ◽  
External Shocks ◽  
External Trade ◽  
Republic Of Moldova ◽  
Causality Tests ◽  
Balance Of Trade ◽  
The Republic ◽  
Analytical Tools

In the Republic of Moldova remittances have become a much-discussed subject, the country ranking among the economies with the highest share of remittances in terms of GDP. What is more, remittances, unlike FDI, external trade and other sources of income, seem to have a significant impact on economic growth. Republic of Moldova is a small open economy vulnerable to external shocks. We will examine the effect of remittances on the balance of trade by creating an econometric model. Am attempt has also been made to capture the positive and negative spillovers that migrants’ remittances have on a country’s socio-economic development. Within the research a variety of analytical tools are employed including Granger causality tests, unit root tests, coupled with a structural vector auto regression (SVAR), impulse response function (IRF) analyses and variance decomposition. We find that net trade and remittances are closely associated and follow an almost identical path. Remittances have strong effect on the growth of negative net trade of the Republic of Moldova.

Cross-industry transformation: Structural modifications and innovative development

2021 ◽  
Vol 17 (7) ◽  
pp. 1238-1260
Author(s):  
Viktoriya V. AKBERDINA ◽  
Ol'ga P. SMIRNOVA
Keyword(s):  
Industrial Production ◽  
Industrial Development ◽  
Information Technologies ◽  
Structural Changes ◽  
Industrial Sector ◽  
Innovative Activity ◽  
High Tech ◽  
The Cross ◽  
Business Structures ◽  
Industry Transformation

Subject. The cross-industry transformation is viewed from perspectives of the cross-industry interaction in industrial complexes and the integration of industrial technologies, which can be used directly in unrelated industries, with the multiplicative effect giving an impetus to S&T development of the nation. Objectives. We identify key aspects and new technological trends in the industry and analyze the innovative activity as a driver of structural changes in the economy. Methods. The study is based on methods of systems, structural-functional, comparative, economic-statistical and comprehensive approaches to analyzing the safe and sustainable operation of industries. Results. The article reviews issues of the integration or intellectual and information technologies into business structures of the industrial production for profit-making and competitive advantages in the market. We determined versatile indicators of the sustainable industrial development as there technological changes induce the large transformation. We display the structure of the industrial sector over time by type of economic activity, analyzing the degree and dynamism of the innovative activity in high-tech, mid-tech and low-tech production. Despite the positive dynamics of the Industrial Production Index, the percentage of the industrial sector in GDP has been shrinking for several years in a row, with the major portion being contributed by the servicing sector. Conclusions and Relevance. The digitalization of the industrial sector is one of the principal trends in the global economic development, with digital cross-industrial technological processes prevailing in all industries, reshaping their structure and bringing innovations and modernization. The use and broad integration of digital technologies gives enterprises a competitive advantage for sustainable development, which is indispensable without additional financial injections into such technologies.

Analysis of Internet of Thing in Smart Manufacturing Industry

2020 ◽  
Vol 17 (12) ◽  
pp. 5495-5502
Author(s):  
M. Dharmalingam ◽  
B. Umarani ◽  
R. Shankar ◽  
K. Kumar
Keyword(s):  
Industrial Production ◽  
Manufacturing Industry ◽  
Industrial Sector ◽  
Smart Manufacturing ◽  
Dynamic Service Composition ◽  
Pervasive Environment ◽  
Enterprise Model ◽  
Research Problems ◽  
Application Fields ◽  
Internet Of Thing

The IoT (Internet of Thing) envisage is the unified interlinking to the fake space and the physical planet. This offers an encouraging chance to build influential facilities and services provided by the applications for industrial production. This article offers an overview of major research problems that need to be adopted and the latest developments in that field of IoT-aided industrial production. Initially, the core technologies of IoT like Big information, Cloud computer, Wireless antenna Network, and Radio Incidence Identification has been described. Then certain key research problems of IoT-aided industrial production has been described in accordance with architecture, implementation and enterprise model, data collection and handling, reduction of latency with state-of-theart reviews, user-centric pervasive environment, dynamic service composition, and model-based decision-making. At last, some possible application fields of IoT in the industrial sector have been described.

scholarly journals ESTIMATION OF RESILIENCE OF UKRAINIAN INDUSTRY TO SHOCK INFLUENCES: COMPARATIVE ANALYSIS

2019 ◽  
Vol 1 ◽  
pp. 20-34
Author(s):  
Larysa Lebedeva ◽  
Irina Shtunder ◽  
Tamila Scherbakova ◽  
Viktoria Khrustalova
Keyword(s):  
Comparative Analysis ◽  
Industrial Production ◽  
Manufacturing Industry ◽  
Threshold Value ◽  
Industrial Sector ◽  
Labor Intensity ◽  
Technological Support ◽  
Negative Results ◽  
Operational Activity ◽  
External Sector

The study of resilience of the industrial sector to shock influences is especially urgent taking into account the constant instability of the economic and political environment in Ukraine and in the world. The aim of the paper is to determine the resilience level of Ukrainian industry to shock influences for improving state support programs for industrial production and decreasing negative results of shock influences on economy of the country. Thus, the object of the study is Ukrainian industry. Methods of comparative analysis have been used in the paper. Based on parameters of economic safety, there have been determined main indicators that allow to estimate the resilience level of industry to external and internal shocks. These indicators include estimation of the condition of industry of the country, namely: its ability to keep balance and to renew itself after shocks, general parameters of economic effectiveness such as labor productivity, labor intensity, profitability of operational activity, indices of the level of technological support of industry. Resilience to shocks of the external sector is presented by the analysis of indicators of export-import operations. For objectivity of the conducted analysis, indicators of Ukrainian industry have been compared with European countries. According to the results of the conducted analysis, the conclusion has been made about the unstable condition of Ukrainian industry, because eleven of thirteen analyzed indicators are beyond threshold values, and only two ones: labor intensity of industrial production and a share of manufacturing industry in GDP are lower or within a threshold value. For providing the growth of industrial production in separate regions of Ukraine, there it has been offered to create a base productions in industry. The following base productions have been determined in Ukrainian industry: production of engines of different types, semiconductors and microelectronics, constructor materials, diverse products of inter-branch destination.

scholarly journals Финансијска конкурентност прерађивачке индустрије Републике Српске // Financial competitiveness of manufacturing industry in the Republic of Srpska

2013 ◽  
Vol 11 (19) ◽  
pp. 127
Author(s):  
Саша Вученовић ◽  
Милан Граховац
Keyword(s):  
Industrial Production ◽  
Manufacturing Industry ◽  
Social Economic ◽  
Financial Position ◽  
Physical Volume ◽  
The Social ◽  
The Republic ◽  
The Impact ◽  
Second Wave ◽  
Financial Competitiveness

Резиме: Конкурентност индустрије подразумијева њену зарађивачку способност у односу на друге индустрије у истој или другим земљама, односно њену способност привлачења инвестиција и прилагођавања друштвено економским условима. Република Српска је у 2012. години забиљежила пад укупне индустријске производње од 4,2% у односу на исти период претходне године, што указује на утицај другог таласа свјетске економске кризе. Прерађивачка индустрија у 2012. години забиљежила је пад физичког обима индустријске производње од -4,8 % у односу на 2011. годину. У прерађивачкој индустрији Републике Српске у периоду 2010-2012. година дошло је до смањење капитала и раста обавеза предузећа, односно погоршања финансијског положаја предузећа прерађивачке индустрије. Приносни положај предузећа у прерађивачкој индустрији Републике Српске у периоди 2010-2012. је погоршан а  остварени нето губитак по годинама износи 169,37, 180,10 и 199,67 милиона КМ респективно, што доказује пад њене финансијске конкурентности.Кључне ријечи: конкурентност, национална економија, индустријска грана, предузеће модел, финансијски показатељи, прерађивачка индустрија.Summary: The competitiveness of the industry implies its earning potential compared to other industries in the same country or compared to the other countries. It is the ability of industry to attract investment and adapting to the social economic conditions. In the Republic of Srpska for 2012 overall industrial production decreased by 4.2% compared to the 2011, indicating the impact of the second wave of the global economic crisis. Manufacturing industry in 2012 recorded a decline in the physical volume of industrial production by 4.8% compared to the 2011. In the manufacturing industry of the Republic of Srpska for period 2010 - 2012 there has been a decrease of capital and increase of the company’s liabilities, in other words weakening of the financial position for companies in manufacturing industry. Capacity for generating income in the manufacturing industry of the Republic of Srpska in the period 2010 - 2012 is deteriorated and realized net loss amounted 169.37, 180.10 and 199.67 million BAM, respectively, which proves the decrease of its financial competitiveness.

scholarly journals Some aspects of the "dutch disease" in the economy of the Republic of Kazakhstan

2021 ◽  
pp. 22-41
Author(s):  
A. T. Abdikarimova ◽  
G. B. Aimagambetova
Keyword(s):  
Time Series ◽  
Manufacturing Industry ◽  
Structural Changes ◽  
Negative Relationship ◽  
Mining Industry ◽  
Structural Transformations ◽  
Cointegration Analysis ◽  
Dutch Disease ◽  
World Markets ◽  
The Republic

The fundamental structural transformations that have taken place in the country's economy have led to a deterioration in the quality of the economic system and increased dependence of the national economy on the conjuncture of world markets. Our previous research was concerned with determining what triggered the change in the structure of the economy, how effective the changes were, and what changes in sector proportions they led to. In this article, we tried to analyze whether we are facing the consequences of the "Dutch disease", which led to structural transformations in the economy.The purpose of the study is to confirm our assumption that the economy of the Republic of Kazakhstan is subject to the "Dutch disease".Methodology of the study. The authors relied on the cointegration analysis of time series using the Engle-Granger tests, the analysis of the stationarity of the Dickey-Fuller methods in order to determine cointegration, to assess the degree of interrelation between the values of mining and manufacturing production volumes on GDP indicators, as evidence of the presence of "Dutch disease".Originality / value of the research. The originality and value of the study lies on the fact that the authors tried to analyze the economy for the presence of "Dutch disease" in the economy of Kazakhstan using time series analysis methods.Findings. There is an assumption that the economy of Kazakhstan has certain symptoms and signs of the "Dutch disease", but it is not possible to say unequivocally that it was the main catalyst for structural changes, due to the fact that we could not prove the existence of a negative relationship between the growth rates of the mining industry and the manufacturing industry.

TRANSFORMATION OF THE INDUSTRIAL PROFILE OF THE REPUBLIC OF BASHKORTOSTAN

2021 ◽  
Vol 0 (3) ◽  
pp. 17-21
Author(s):  
D.A. GAYNANOV ◽  
◽  
D.M. ATAYEV ◽  
Keyword(s):  
Manufacturing Industry ◽  
Petroleum Products ◽  
Industrial Sector ◽  
Gradual Change ◽  
Chemical Production ◽  
Percentage Points ◽  
Republic Of Bashkortostan ◽  
Territorial Structure ◽  
The Face ◽  
The Republic

The authors analyzed the transformation of the industrial sector of the Republic of Bashkortostan in sectoral and territorial aspects. It was revealed that there is a gradual sectoral diversification of the industry of the Republic of Bashkortostan and a decrease in dependence on one backbone industry. In the structure of the volume of shipped goods of own production, works and services performed on their own in the manufacturing industry of the Republic of Bashkortostan for 2005-2018. The share of production of coke and petroleum products significantly decreased - from 56% to 45%, while the share of chemical production increased from 15 to 18%, as well as the production of vehicles and equipment - from 6 to 9%. All this suggests a gradual change in the trajectory of the region's production activities, possibly ensuring its future competitiveness in the face of external factors of changes in oil prices. The authors also analyzed changes in the territorial structure of industry in the Republic of Bashkortostan. For 2009-2018 the manufacturing industry of the region was increasingly concentrated in the three largest urban districts of the region: Ufa, Salavat, Sterlitamak. Their total share increased from 77.4 to 82.3%, including the capital's share increased by 5 percentage points. The share of 50 out of 61 municipalities of the republic decreased from 4.4 to 3.8%. This suggests that the concentration of industry in the largest cities of the region is increasingly taking place, which may lead to an increase in the unevenness of the socio-economic development of the region's municipalities.

scholarly journals COMPETITIVENESS OF THE REGION AS A TRANSFORMATION BASIS FOR THE ECONOMY OF THE REPUBLIC OF KAZAKHSTAN

THE BULLETIN ◽  
2020 ◽  
Vol 5 (387) ◽  
pp. 219-225
Author(s):  
Zh. Z. Arynova ◽  
◽  
A. Т. Abdykarimov ◽  
M. К. Zhetpisbayeva ◽  
Z. A. Salzhanova ◽  
...  
Keyword(s):  
Open Economy ◽  
Small Open Economy ◽  
Evaluation Criteria ◽  
The State ◽  
Special Role ◽  
Economic Relations ◽  
Goods And Services ◽  
Strategic Direction ◽  
Stage Of Development ◽  
The Republic

. In the era of globalization, the development of countries with a small open economy largely depends on the intensity of using various forms of international economic relations, among which the competitiveness of each country plays a special role. At the present stage of development, the problem of competitiveness is central to the economic policy of the state. Creating competitive advantages over an opponent becomes a strategic direction of the state and its bodies and applies to all levels of the hierarchy: products (goods and services), enterprises, industries, regions and the country as a whole, but the country's competitiveness is of particular importance. The competiti-veness of the region is determined in comparison with other similar facilities. This characteristic refers to estimated indicators, therefore, it assumes, along with the subject and subject of the assessment, the presence of certain criteria. Evaluation criteria (goals) may be the market position, the pace of development, the ability to pay for the borrowed funds received, consumer properties in relation to the price of the goods, etc.

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