Global Competitiveness of the Economy and Intellectual Capital Index: Case of EU Countries and Ukraine

2021 ◽  
pp. 108-119
Author(s):  
Viktoriia Y. Shkola ◽  
Maria Y. Troyan ◽  
Maryna D. Domashenko ◽  
Mykola D. Vavilichev
Keyword(s):  
Intellectual Capital ◽  
Institutional Environment ◽  
State Budget ◽  
Global Competitiveness ◽  
New Business ◽  
Mixed Approach ◽  
High Level ◽  
And Training ◽  
Larger Sample ◽  
The Eu

This research aims to analyze indicators of competitiveness of Ukraine economy in contrast to consistent indicators of the EU counties’ economies in context of forward-looking perspective on integration Ukraine into the EU, as well as examine the national index of intellectual capital considering each of its dimensions (human capital, market capital, process capital and renewal capital) within three pillars: Education, R&D, New Business, and explore the potential for growth of Ukraine’s economic competitiveness global given its innovation aspects. The study uses a mixed approach, including factorial analysis and descriptive statistics, using a sample of 27 the EU economies and Ukraine’s economy. The study shows Ukraine has significant innovative potential, high level of higher education and training. It is a crucial competitive advantage, providing successful economic development and accelerating integration Ukraine into the EU. Only through developing of advanced technologies and implementing them in all sphere, stable pace of economic growth and welfare of the nation can be achieved in the conditions of globalization. The restraining factors are corruption, political instability, inflation, and ineffective state policy. In order to be more innovative and, hence, competitive, Ukraine needs to focus more on the structural and comprehensive reforms of institutional environment, concerning the ethical behavior of companies, the protection of property and intellectual property rights, transparency in the adoption of state decisions, the independence of the judiciary, the efficiency of the use of the state budget, public trust in politicians etc. Future studies may explore the opportunities for enhancing innovation performance based on the management of intellectual capital in more detail, using larger sample sizes.

scholarly journals Business dynamism in the world economy

2020 ◽  
Vol 18 (3) ◽  
pp. 160-169
Author(s):  
Zuzana Virglerova ◽  
Felice Addeo ◽  
Eliska Zapletalikova
Keyword(s):  
Value Added ◽  
Point Of View ◽  
Global Competitiveness ◽  
Start Up ◽  
New Business ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
The Relationship ◽  
Global Competitiveness Report ◽  
The Eu

The creation and growth of new enterprises and, on the other hand, their decline and market exit are crucial factors of business dynamism and economic growth. Thus, business dynamism is an important aspect in the market chain and productivity of an economy, as well as a trigger for market reforms. The aim is to analyze business dynamism using Global Competitiveness Index 4.0 and its variables worldwide and to verify the relationship between business dynamism in the EU states and economic characteristics such as Valued added at factor cost, Enterprise Birth Rate and Enterprise Death Rate. Data were collected from the 2019 Global Competitiveness Report and from the EUROSTAT database, using the most recently updated source for each indicator. The 11th pillar of the Global Competitiveness Index, focused on business dynamics, and a set of indicators were analyzed using PCA to verify if all the variables are effective representatives of the concept. It was found out that the pillar does not effectively represent the concept of business dynamism in case of the EU countries; therefore the new pillar was constructed. A strong and statistically significant correlation between business dynamism and Value Added was confirmed. A relationship between business dynamism and other economic indicators was not proven. From a territorial point of view, Oceania achieved the best overall result in the analyzed field. The process of starting a new business is the most challenging in terms of start-up costs in South America. By contrast, the EU has reached the best result in this process.

scholarly journals Implementation of advanced technologies into Aeronautic integrated maintenance concept - Use of virtual reality in ground-floor training maintenance execution

2019 ◽  
Vol 304 ◽  
pp. 06002
Author(s):  
Nelson Matos ◽  
Pedro Gamito ◽  
Margarida Pinto ◽  
Joel Ferreira ◽  
Luis Oliveira
Keyword(s):  
Virtual Reality ◽  
Motion Capture ◽  
Target Component ◽  
Technological Evolution ◽  
Aviation Maintenance ◽  
Interactive Environment ◽  
High Level ◽  
Level Training ◽  
And Training ◽  
The Eu

Aviation Maintenance industry, Repair and Overhaul (MRO) procedures need to keep up with the technological evolution and evolve from the 2D support to the 3D. The available manuals for learning and training MRO tasks rely much on old 2D drawings and lists of maintenance steps to be performed sequentially. However, these are complex actions that require and would benefit greatly from a 3D insight in order to be quickly and comprehensible absorbed. Virtual Reality (VR) apps are potentially a suitable option to turn these procedures closer to reality and, thus, improving competences and skills. Amongst the several maintenance optimization developments of the AIRMES project, which is cradled in the EU Clean Sky 2 Joint Undertaking programme, the above concept is applied to maintenance execution by developing a VR app to help practitioners in the process of carrying out specific maintenance activities as removing and positioning components into aircraft structures. The VR app runs on a mobile platform that uses a smartphone and a portable motion capture device coupled with a head mounted device allowing the practitioners to learn and to train onsite on how to proceed with the maintenance operations. The practitioners will be in an immersive and interactive environment where both the host aircraft structure section with the target component and auxiliary/peripheral systems parts are displayed and in which the 3D component can be removed by virtual hands that emulate, through the motion capture device, the hands of the user. The system developed provides a high-level training and reliable information to the technician on the maintenance operations for a dedicated situation and facilitate the identification and execution of the procedure to be applied, improving the time for repair.

scholarly journals Intellectual capital of the MSMES in the area of influence. Universidad Tecnológica de Tula Tepeji

2019 ◽  
pp. 14-22
Author(s):  
Laura Aguilar-Maya ◽  
Martha Gabriela García-Guerrero ◽  
Ana Bertha López-Laguna ◽  
José César Ávila-Hernández ◽  
Araceli Hernández-Chávez
Keyword(s):  
Intellectual Capital ◽  
Value Added ◽  
Management Tool ◽  
Competitive Advantages ◽  
Survey Technique ◽  
Technological Universities ◽  
Administrative Procedures ◽  
Area Of Influence ◽  
Mixed Approach ◽  
And Training

Mexico's Academic Synergy Network-MyPyMES developed a project called "The Intellectual Capital of mSMEs of the area of influence of the Technological Universities" to carry out an analysis of the indicators that make up the Intellectual Capital: active intangible value-added and competitive advantages for business development; was done to determine the value of the Skandia Browser Model approaches with a web-mobile application. The type of research was exploratory, cross-cutting and with a mixed approach, the survey technique was used by applying a questionnaire to 32 MSMEs of the Tula-Tepeji area. As a result, it was found that most do not have financial data or administrative procedures to determine the five approaches of Skandia Browser, the most important thing for companies is to sell; however, they do not conduct market research, very few are led by a professional who applies strategic planning, or have a definite mission or vision; Managers also do not know what Intellectual Capital is, do not attach importance to the development and training of staff, do not use ICT's as a management tool, do not evaluate processes or implement continuous improvement. It was concluded that the MSMEs in the buffer area present an area of opportunity to develop their intellectual capital, therefore higher education institutions must assist in the training of entrepreneurs and design a model to implement appropriate methodologies and procedures that promote intellectual capital.

DESIGNING E-LEARNING RESOURCES FOR TEACHING MATHEMATICS IN PRIMARY SCHOOL WITH ADOBE FLASH AND HTML5 SYSTEMS

2018 ◽  
pp. 49-57
Author(s):  
N. A. Gluzman
Keyword(s):  
Primary School ◽  
Web Applications ◽  
Special Importance ◽  
Learning Resources ◽  
Multimedia Presentations ◽  
Adobe Flash ◽  
E Learning ◽  
High Level ◽  
And Training ◽  
Training Practice

In the modern educational space regarding the realities of the information society special importance is attached to issues related to the provision of a high level of informatization of education, which implies teachers’ mastering the necessary competencies and the ability to introduce e-learning resources into educational and training practice. Adobe Flash as one of the platforms for creating web applications and multimedia presentations enjoys greatest popularity with users including teachers. However, in connection with the announcement of discontinuing Adobe Flash support in 2020, the issue of choosing an analog to create web applications and presentations for use in teaching purposes is becoming particularly relevant. The article provides a comprehensive analysis of developing electronic educational resources by teachers using Adobe Flash and HTML5 for teaching math in primary school.

Innovative Techniques and Strategies of Skill Building for Human Resource Development in SMEs, India

2016 ◽  
Vol 2 (2) ◽  
Author(s):  
Arti Awasthi
Keyword(s):  
Human Capital ◽  
Human Resource Development ◽  
Skill Development ◽  
Education And Training ◽  
Global Competitiveness ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Skill Building ◽  
And Training

India has gradually evolved as knowledge based economy due to the abundance of capable, flexible and qualified human capital. With the constantly rising influence of globalization, India has immense opportunities to establish its distinctive position in the world. However, there is a need to further develop and empower the human capital to ensure the nations global competitiveness. Despite the empathetic stress laid on education and training in this country, there is still a shortage of skilled manpower to address the mounting needs and demands of the economy. Skill building can be viewed as an instrument to improve the effectiveness and contribution of labor to the overall production. It is as an important ingredient to push the production possibility frontier outward and to take growth rate of the economy to a higher trajectory. This paper focuses on skill development in Small and Medium Enterprise (SMEs) which contribute nearly 8 percent of the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports. They provide the largest share of employment after agriculture. They are the nurseries for entrepreneurship and innovation. SMEs have been established in almost all-major sectors in the Indian industry. The main assets for any firm, especially small and medium sized enterprises are their human capital. This is even more important in the knowledge based economy, where intangible factors and services are of growing importance. The rapid obsolescence of knowledge is a key factor of the knowledge economy. However, we also know that for a small business it is very difficult to engage staff in education and training in order to update and upgrade their skills within continuous learning approach. Therefore there is a need to innovate new techniques and strategies of skill development to develop human capital in SME's.

scholarly journals Aircraft Requirements for Sustainable Regional Aviation

Aerospace ◽  
2021 ◽  
Vol 8 (3) ◽  
pp. 61
Author(s):  
Dominik Eisenhut ◽  
Nicolas Moebs ◽  
Evert Windels ◽  
Dominique Bergmann ◽  
Ingmar Geiß ◽  
...  
Keyword(s):  
Systems Engineering ◽  
System Level ◽  
Policy Initiative ◽  
The European Union ◽  
Calculation Methods ◽  
Figures Of Merit ◽  
Performance Requirements ◽  
High Level ◽  
Different Levels ◽  
The Eu

Recently, the new Green Deal policy initiative was presented by the European Union. The EU aims to achieve a sustainable future and be the first climate-neutral continent by 2050. It targets all of the continent’s industries, meaning aviation must contribute to these changes as well. By employing a systems engineering approach, this high-level task can be split into different levels to get from the vision to the relevant system or product itself. Part of this iterative process involves the aircraft requirements, which make the goals more achievable on the system level and allow validation of whether the designed systems fulfill these requirements. Within this work, the top-level aircraft requirements (TLARs) for a hybrid-electric regional aircraft for up to 50 passengers are presented. Apart from performance requirements, other requirements, like environmental ones, are also included. To check whether these requirements are fulfilled, different reference missions were defined which challenge various extremes within the requirements. Furthermore, figures of merit are established, providing a way of validating and comparing different aircraft designs. The modular structure of these aircraft designs ensures the possibility of evaluating different architectures and adapting these figures if necessary. Moreover, different criteria can be accounted for, or their calculation methods or weighting can be changed.

Behavioural Economic Influences on Primary Market Disclosure – The Case of the EU Regulation on European Crowdfunding Service Providers

2021 ◽  
Vol 18 (3) ◽  
pp. 428-463
Author(s):  
Konstantinos Serdaris
Keyword(s):  
Service Providers ◽  
Preliminary Evaluation ◽  
Full Disclosure ◽  
Content Quality ◽  
Platform Governance ◽  
Capital Markets Union ◽  
Alternative Means ◽  
High Level ◽  
Start Ups ◽  
The Eu

Abstract On 5 October 2020, as part of the Capital Markets Union (CMU) project, the European Parliament adopted, in second reading, Regulation (EU) 2020/1503 on European crowdfunding service providers for business (‘ECSP Regulation’). This Regulation, which shall apply as of 10 November 2021, consists of rules which aim at improving access to crowdfunding for EU businesses in need of capital, particularly start-ups, while, at the same time, providing a high level of protection to investors. To attain that it builds on three sets of measures: clear rules on information disclosures for project owners and crowdfunding platforms; rules on platform governance and risk management; and a coherent approach to supervision and enforcement. The focus of this article is on the disclosure-related set of provisions. Its aim is to demonstrate how the new rules embrace a more behavioural approach to primary market disclosure which, in contrast to the paradigm of full disclosure, focuses on the content, quality and framing of disclosure as an alternative means of enabling informed and, thus, allocatively efficient investment decisions. In a second step, it seeks to provide a preliminary evaluation of these measures both from a practical and a normative perspective.

scholarly journals Snus and snus-like nicotine products moving across Nordic borders: Can laws protect young people?

2021 ◽  
pp. 145507252199570
Author(s):  
Marjut Salokannel ◽  
Eeva Ollila
Keyword(s):  
Public Health ◽  
Young People ◽  
Health Impact ◽  
The Public ◽  
European Court ◽  
Wide Availability ◽  
Personal Use ◽  
Health Studies ◽  
High Level ◽  
The Eu

Background: Use of snus and snus-like nicotine products is increasing, in particular among young people, in several Nordic countries and Estonia, while snus is legally on the market only in Sweden and Norway. Snus is available in a great variety of tastes and packaging particularly catering for young users. Recently, strong snus-resembling nicotine pouches have emerged on the market. This research investigates the regulatory means to counteract this development. Methods: European Union (EU) and national tobacco control legislation, case law of the European Court of Justice (CJEU) and relevant public health studies are analysed. Results: The research finds that the judgement of the CJEU relating to the sale of snus on Finnish ferries has not been enforced. Permitted large traveller imports for personal use have contributed to wide availability of snus in Finland. Even if the legislation in Sweden is in conformity with the exemption it obtained in the Accession Treaty, the public health impact of snus use for young people in its neighbouring countries has become considerable. Nicotine pouches, -which are not regarded as medical products in terms of medicine legislation, lack harmonised EU-wide regulation. Controlling smuggling across open borders is challenging. Conclusions: The legislation at the EU and national levels should be able to protect young people from new tobacco and nicotine products. It is urgent to harmonise regulation relating to new tobacco and nicotine products taking as a base a high level of protection of health as required in the Treaty on the Functioning of the EU.

Hazardous Substances in Electronics: The Effects of European Union Risk Regulation on China

2012 ◽  
Vol 3 (4) ◽  
pp. 477-487 ◽  
Author(s):  
Katja Biedenkopf
Keyword(s):  
European Union ◽  
Chinese Economy ◽  
Lessons Learned ◽  
Hazardous Substances ◽  
Risk Regulation ◽  
Policy Makers ◽  
Global Competitiveness ◽  
Legal Structure ◽  
Chinese Policy ◽  
The Eu

This article argues that European Union (EU) risk regulation of hazardous substances in electrical and electronic equipment (EEE) was both a trigger and formative factor in the development of similar Chinese regulation. The attractiveness and global interdependence of the EU market in EEE impelled a response from Chinese policy-makers. Fostering the domestic industry's global competitiveness was one of the driving factors behind Chinese substance restriction regulation. Additionally, symbolic emulation and growing domestic environmental problems related to waste EEE infl uenced the Chinese policy agenda. Chinese substance restriction rules are not, however, a mere copy of EU regulation. The limited domestic capacity of the Chinese economy, administration, and legal structure to adopt policies similar to those of the EU explains, to a large extent, the emergence and partial persistence of differences between EU and Chinese risk regulation. In the course of the implementation and evaluation of Chinese substance restriction regulation, lessons learned from the EU’s experience increasingly contributed to shaping the policy, leading to growing convergence.

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