scholarly journals Implementing Sustainable Finance Principles: Legal Implications of Ease of Doing Business Towards Banking Credit Approval

2021 ◽  
Vol 7 (1) ◽  
pp. 38
Author(s):  
Bagus Saragih ◽  
Lastuti Abubakar ◽  
Tri Handayani
Keyword(s):  
Economic Development ◽  
Descriptive Analysis ◽  
Sustainable Economic Development ◽  
Doing Business ◽  
Legal Implications ◽  
Policy Frameworks ◽  
Ease Of Doing Business ◽  
Banking Credit ◽  
Sustainable Financing

The application of licenses based on commitments as a part of ease of doing business has shifted the obligations present for business actors. One of the forms of said change is the absence of an obligation to conduct EIAs as a basic requirement to acquire a business license. This could boost investment within Indonesia, on the other hand, it also has the potential to prompt legal risks that is the revocation of business licenses towards actors that had failed to fulfill business license commitments under GR OSS. This provision impacts the application of the principle of sustainable financing. With the requirement of EIAs as a fulfillment towards the commitments that are prerequisite of business licenses in the OSS GR, banks gain the challenge of adjusting their approach towards the gaining of profits from long term investments depends on a sustainable future, specifically in the administering of credits by banks. the article aims to analyze the legal implications of changing regulation upon EIAs requirement on the ease of business licensing in licenses based on commitments though Online Single Submission towards the application of the principle of sustainable financing and the juridical consequences of the use of licenses based on commitments in the approval of bank credit. This  research uses a normative juridical approach specifying in the descriptive analysis of primary and secondary sources of law. The identification the changed regulation upon EIAs requirement on the ease of business licensing in licenses based on commitments though Online Single Submission has legal consequences on the applications of sustainable financing principle. Sustainable principle pushed out the alteration of the approach of banks in the initiation of sustainable economic development with the gaining of profits from long term investments dependant on future sustainable policy frameworks. Bank must take that approach is through policy frameworks that support sustainable economic development by crystallizing EIAs as a tool for credit breaking

scholarly journals The Importance оf Small and Medium Enterprises in the Economic Development of Eastern Europe

2021 ◽  
Vol 17 ◽  
pp. 898-910
Author(s):  
Petrunenko Iaroslav ◽  
Iryna Khmarska ◽  
Tetiana Tkachenko ◽  
Hanna Koptieva ◽  
Veronika Komandrovska
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Eastern Europe ◽  
Small And Medium Enterprises ◽  
Size Class ◽  
Doing Business ◽  
Ease Of Doing Business ◽  
Medium Enterprises ◽  
The Impact ◽  
Micro Enterprises

An important engine of economic development of the country is the development of small and medium enterprises. At the same time, small and medium-sized businesses, being elements of the economic system, have a significant impact on the overall economic growth of the country. Thus, there is a mutual influence of economic units on the economy as a whole. The purpose of the article is to study the impact of small and medium-sized enterprises of small and medium-sized enterprises on the gross domestic product on the example of Eastern European countries. Methods: analysis, description, observation, comparison, generalization, induction, deduction, grouping, systematization, tabular and graphical representation. Results: The level of ease of doing business in Eastern Europe was analyzed according to the Ease of doing business ranking and it was found that the Czech Republic and Poland are among the 40 countries in Eastern Europe ranked 40th and 41st out of 190 possible. It is established that the subjects of small (including micro-enterprises) and medium-sized enterprises belonging to the non-financial sector, in the structure of all enterprises of the non-financial sector of each of the studied countries occupy more than 90%. It was found that a significant share in the structure of small and medium enterprises in Eastern Europe is occupied by micro-enterprises, while the share of medium-sized enterprises is the lowest. The results of regression analysis to determine the impact of small and medium enterprises on the economic growth of countries obtained by establishing the dependence of GDP on Turnover of the non-financial business economy by size class of employment. Revealed a high dependence of GDP Turnover of the non-financial business economy by size class of employment in all surveyed countries in Eastern Europe.

scholarly journals Ukraine in the world: socio-economic dimension

2020 ◽  
Vol 2 (2) ◽  
pp. 327-335
Author(s):  
Anna Munko ◽  
Myroslav Treshchov
Keyword(s):  
Monetary Policy ◽  
Economic Development ◽  
European Countries ◽  
Purchasing Power ◽  
Economic Dimension ◽  
Moderate Growth ◽  
Doing Business ◽  
The World ◽  
Socio Economic Development ◽  
Ease Of Doing Business

The article emphasizes that the issue of Ukrainian socio-economic development trends under globalization. Indicators of socio-economic development of Ukraine are analyzed on the basis of national statistical, financial and budgetary reports, data of the International Monetary Fund and the World Bank. The dynamics of such indicators over a period of 5 – 10 years, as well as the projected indicators for 2020 – 2023, are traced. Dynamic of GDP in constant prices has shown the results of relatively successful 2017 – 2019 formation of the upward period of the economic cycle which was characterized by moderate growth of real GDP within 3%. Ukraine is likely to be able to sustain such growth rates without significant upheavals, with a well-designed and reasonably stimulated economy. GDP by purchasing power parity for most European countries has shown a disappointing tendency. Ukraine has been among the outsiders for a long time (below – Moldova). Ukraine will continue to occupy the last positions in terms of economic development compared to other European countries despite the IMF's positive outlook for a steady increase in purchasing power. It is important to focus on improving financial and monetary policy, in particular, reducing and maintaining debt at the level acceptable by the Budget Code of Ukraine at 60% of GDP. In previous years, the share of debt in GDP reached a record 80% for Ukraine which violated the rules of the current legislation. Monetary policy should be aimed at improving the conditions for doing business, which will allow Ukraine to improve its position in the global ratings of competitiveness and ease of doing business. The most representative global indices are investigated and the positions of the state in world and European rankings are analyzed. There are: KOF Globalization Index, Corruption Perceptions Index, The Global Competitiveness Index, Ease of Doing Business, Global Innovation Index and E-Government Development Index, World Happiness Index. The basic tendencies of socio-economic development of Ukraine, risks and ways of their minimization are determined.

scholarly journals Role of Political Instability in Attracting FDI Inflow to Pakistan

2021 ◽  
Vol 3 (1) ◽  
pp. 41-49
Author(s):  
Dil Jan ◽  
Muhammad Sibt e Ali ◽  
Muhammad Taqi ◽  
Sabiha Parveen
Keyword(s):  
Design Methodology ◽  
Domestic Investment ◽  
Inverse Relation ◽  
Doing Business ◽  
Long Run ◽  
Short Run ◽  
Ease Of Doing Business ◽  
The Impact

Purpose:  The reason of this study is to recognize the impact of key determinants of overseas direct asset in case of Pakistan, based on annual information covering the period of 1981-2018. Design/Methodology/Approach: After checking for still of the sequence, the technique of ARDL is used for estimation of long run parameters estimates and error alteration instrument for short run dynamics. Findings: The results of the study indicate that politically stable environment and long term policies are necessary to attract foreign investors. furthermore, investment profile of any government also matter for direct asset in the country as the study conclusions reveal that marketplace size as well as domestic investment are positively related to foreign direct investment while taxes have negative association with overseas straight investment in the case of Pakistan. Implications/Originality/Value: The most important factor for FDI inflow to Pakistan is interest rate or ease of doing business which has negative sign means inverse relation exists between the two variables.

scholarly journals Measuring the Innovation of Economy throught Global and European Tools

2018 ◽  
Vol 184 ◽  
pp. 04019
Author(s):  
Delia Marcela Pop ◽  
Mircea Teodor Pop
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Measurement Tool ◽  
Sustainable Economic Development ◽  
Innovative Process ◽  
Global Innovation ◽  
Over Time

Global and European innovation assessment and measurement represents a means by which relevant analyses of the innovative process can be carried out, as well as long-term strategies that aim at sustainable economic development. Measurement of innovation is carried out by specialized bodies through specialized studies, using relevant indicators whose number and definition have been modified over time as needed. This paper proposes a comparative analysis of the assessments of a country performances in innovation by means of a global measurement tool (Global Innovation Index) and of a European one (European Innovation Scoreboard).

Examining the Effectiveness of the Make In India Initiative in Fostering Innovation in Business

2018 ◽  
Vol 19 (1) ◽  
pp. 102-122
Author(s):  
Alka Pandita ◽  
Savita Gupta ◽  
Ravi Kiran
Keyword(s):  
Research Study ◽  
Ethical Issues ◽  
Performance Outcomes ◽  
Primary Data ◽  
The Public ◽  
Doing Business ◽  
The People ◽  
Ease Of Doing Business ◽  
And Performance

The purpose of this research study is to understand how successful this Make in India initiative (MII) is after three years of its launch. The present paper is based on an exploratory study that has been carried out by collecting primary data to measure the viewpoint of the public. This helps the understanding of whether people consider MII as a long-term effort, therefore, to enable India emerge as a manufacturing hub. A structured equation modelling – partial least squares (SEM-PLS) model is developed related to the ease of doing business, impact of MII, policies undertaken, and performance outcomes under the MII project. The results of the study showed the parameters like impact of MII, ethical issues, and ease of doing business are related to outcomes of the project. This research study helps gain an insight into the environment in which business operates, understand what these factors represent and how these are accepted by the people in general.

scholarly journals COMPARATIVE IMPACT OF LOGISTICS PERFORMANCE INDEX, EASE OF DOING BUSINESS AND LOGISTICS COST ON ECONOMIC DEVELOPMENT: A FUZZY QCA ANALYSIS

2021 ◽  
Vol 22 (6) ◽  
pp. 1577-1592
Author(s):  
Mohan Saini ◽  
Denisa Hrušecká
Keyword(s):  
Economic Development ◽  
Czech Republic ◽  
Performance Index ◽  
Future Research ◽  
Logistics Cost ◽  
The Core ◽  
Doing Business ◽  
Ease Of Doing Business ◽  
Logistics Performance Index ◽  
The Impact

This research papers aims to evaluate the impact of two major institutional indexes logistics performance index (LPI) and ease of doing business (EODB) along with logistics cost (LC) on the economic development (Gross domestic product – GDP per capita). The variables selected for the research study provides the comprehensive impact and forms the core of the economy for any country. Top seven economies of the world (China, France, Germany, India, Japan, United Kingdom and USA) along with Czech Republic, Singapore and Slovenia have been selected for this analysis. Mid-sized Economies of Czech Republic, Singapore, Slovenia have been selected for the regional balance of Asia and Europe and for cooperative results. A preliminary analysis of Pearson correlation analysis and detailed fuzzy qualitative comparative analysis have been opted for the study. The results illustrate that LPI is the core component for displaying the positive results on economic development. LC and EODB have displayed mixed results and will be studied in future research for identifying their impact on economic development. Future research will incorporate indexes such as global competitive index, innovation index for the evaluation of the combined impact on economic development.

scholarly journals Greenfield investments as a form of investing in the Serbian economy

2021 ◽  
Vol 18 (2) ◽  
pp. 91-104
Author(s):  
Nemanja Gogić
Keyword(s):  
Economic Development ◽  
Positive Impact ◽  
Services Sector ◽  
Doing Business ◽  
Long Run ◽  
Greenfield Investments ◽  
Starting Point ◽  
Survey Results ◽  
Ease Of Doing Business ◽  
Administrative Procedures

The starting point of the research is to answer the question of whether Green-field investments as a form of investment stimulate Serbia's economic development. The greatest attention is focused on analysis, comparative analysis, statistical analysis, collecting quantitative, qualitative, chronological data and deduction methods. Survey results show that Greenfield investment in the services sector does not bring economic growth and development in the long run. Only Greenfield investments that are invested in the processing sector, and those export-oriented Greenfield companies, can have a positive impact on the economic development of the economy. To attract Greenfield investments, the external environment needs to be improved. The ease and ease of doing business is a positive signal for attracting more investment. Serbia still applies as a country with high corruption, low levels of rules of law, and high levels of administrative procedures, which create a serious barrier to attracting Greenfield investment.

scholarly journals Post-COVID 2019 sustainable economic development: a new cycle of digital development

2021 ◽  
Vol 284 ◽  
pp. 04017
Author(s):  
Oksana Pirogova ◽  
Elena Lysova ◽  
Anastasia Sozinova
Keyword(s):  
Economic Development ◽  
Digital Technologies ◽  
Classification Problem ◽  
Sustainable Economic Development ◽  
Doing Business ◽  
Global Pandemic ◽  
Economic Statistics ◽  
Market Situation ◽  
Digital Development ◽  
Methods Of Synthesis

The purpose of the work is to simulate sustainable economic development under the influence of the spread of the global pandemic COVID-2019 and its consequences. The work uses such methods of scientific research as classification, problem and comparative analyzes, methods of synthesis and analysis of cause-and-effect relationships, strategy, methods of economic statistics: methods of correlation and regression analyzes, analysis of variance. The study is carried out on the example of the leaders (countries from the top 20) of the World Bank global ranking according to the value of the index of doing business for 2020. Scenarios of sustainable economic development after COVID-2019 are modelled under the influence of digitalization. The scenarios that were written showed that digital technologies can most likely be used to launch a new cycle of digital development. It has been proved that digital technologies, most likely, cannot be used as a countercyclical tool for regulating the market situation, since the scenarios drawn up indicate the absence of regression dependence.

scholarly journals Problems of sustainable development in the state (regional) economic security in the context of cycling economy

2021 ◽  
Vol 291 ◽  
pp. 07014
Author(s):  
Daniil Beloshitskii ◽  
Oleg Patlasov
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Development Policy ◽  
Sustainable Development Goals ◽  
Economic Security ◽  
Sustainable Economic Development ◽  
Development Goals ◽  
Definition Of ◽  
State Regional

The article considers the problems of sustainable economic development. Based on the array of studied information, the authors have proposed a definition of sustainable development. Sustainable economic development has been proved to be impossible in the long term and the peripheral countries. Our research has identified the main principles necessary for building a sustainable development policy, as well as problems that thwart sustainable development goals. As a conclusion, we should state that immature and inconsistent technological processes in the periphery countries make the quick transition to sustainable development impossible.

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