The problems of the problems of the building a system of indicators for assesing the impact of the economy’s shadowization on the potential of sustainable development of the territory

The Creation ◽

The article deals with the forming of indicators characterizing the process of shadowing the economy and its impact on the potential of the sustainable development of the territory, taking into account the financial and economic component. It was determined that the shadowization of the economy directly affects the system of the national economy. The expediency of studying shadow economy as separate indicators in the general dynamics of macroeconomic development, but as integral components of the potential for sustainable development of the territory was justified. The creation of new programs and plans designed to bring the regions to a new level of quality in the development of territories depends on the level of influence of indicators of the shadow economy. The main criteria for assessing the impact of the shadow economy, the potential for sustainable development of the territory in the context of the integration of Ukraine into the European Union and the reform of local government were established. It was determined that efficient realization of the potential for the sustainable development of a territory largely depends on the creation of a system for monitoring the processes of shadow economy. The ways of using the system of indicators and the directions of building a system of indicators for assessing the impact of the economy’s shadowization on the development of the potential for sustainable development of the territory, including financial were identified. One of the problems of using indicators of the economy’s shadowization in managing the potential for the development of territories proved to be its information support, namely, the assessment of the actual state of indicators of shadowization. A scientific and methodological approach to building and assessing the indicators of the formation of components of an indicator of sustainable development of the territory, taking into account the mutual influence of the factors of the economy’s shadowization on the basis of economic and mathematical analysis, which includes six stages with the interpretation of the results, was proposed. The composition of the indicators of the formation of an indicator of sustainable development was suggested to consider taking into account the financial and economic factors of sustainable development of the territory.

The Role of EU Innovation Policies in the Sustainable Development of the Energy Sector

Studia Universitatis Babe-Bolyai Oeconomica ◽

10.1515/subboec-2017-0006 ◽

2017 ◽

Vol 62 (2) ◽

pp. 3-19 ◽

Cited By ~ 1

Author(s):

Olesea Sirbu ◽

Rodica Crudu ◽

Augustin Ignatov

Keyword(s):

European Union ◽

Sustainable Development ◽

Energy Sector ◽

Sustainable Growth ◽

The European Union ◽

Demographic Pressure ◽

Global Power ◽

Energy Domain ◽

Abstract In the present conditions when the demographic pressure upon the environment is higher than ever, the humanity faces the challenge of sustainability. Namely the sustainability of human activities is important and nothing can assure it better than sustainable energy supplies. The European Union is the leading global power in terms of adjusting its policies to increase innovation to assure a sustainable growth of its energy sector as a key to an advanced economic system. The present research focuses on the impact of European Union policies on the sustainable development of its energy sector by analyzing quantitatively and qualitatively various indicators intended to offer a throughout insight. The results obtained focus on the identification of the main innovation paradigms; the description of the main modern environmental challenges, especially in the energy domain; the determination of the relation between innovation and energy sustainability, and its analysis at the level of European Union.

Sustainability of micro-enterprises in the digital economy

E3S Web of Conferences ◽

10.1051/e3sconf/202125006008 ◽

2021 ◽

Vol 250 ◽

pp. 06008

Author(s):

Oksana Mukhoryanova ◽

Larisa Kuleshova ◽

Nina Rusakova ◽

Olga Mirgorodskaya

Keyword(s):

Sustainable Development ◽

The United States ◽

Sharing Economy ◽

Digital Economy ◽

Small Enterprises ◽

The European Union ◽

Traditional Industry ◽

The Impact ◽

Micro Enterprises

This paper aims at investigating the predisposition leading to the sustainability of micro-enterprises in the digital economy, especially the sharing economy. This area represents a new field since the research of the impact of the sharing economy on small enterprises is still in its infancy. We study the role of the entrepreneurial approach and entrepreneurial philosophy of the small business with regard to the digitalization and the sustainable development and growth using examples from the European Union and the United States. Some common features and trends are derived and the outcomes are discussed. Our results point at the fact that by creating an economy for micro-entrepreneurs, the sharing economy thrives on traditional industry disrupted by technology. Since micro-enterprises constitute a backbone of the economy in many developed and developing countries, more research is required to shed the light of the sustainable development of these types of enterprises in the globalized and digitalized world.

An Analysis of Dynamic Changes in Selected Areas of Sustainable Development of the European Union Countries

Folia Oeconomica Stetinensia ◽

10.2478/foli-2018-0008 ◽

2018 ◽

Vol 18 (1) ◽

pp. 93-107 ◽

Cited By ~ 2

Author(s):

Iwona Bąk ◽

Katarzyna Cheba

Keyword(s):

European Union ◽

Sustainable Development ◽

Methodological Approach ◽

Point Of View ◽

Reference Points ◽

The European Union ◽

Member States ◽

Eu Member States ◽

The Individual

Abstract The aim of the study is to determine the pace and directions of changes (understood as: improvement or deterioration) occurring in selected areas of sustainable development of EU Member States. The paper analyzes dynamics of changes in selected areas of sustainable development monitored on the basis of headline indicators published by Eurostat from 2008 to 2015. In the paper, three variants of reference points of synthetic measure of development were considered. On the basis of the obtained results, the countries in which the improvement in the sustainable development and its deterioration can be observed were identified. The results have confirmed the existence of significant developmental disparities between EU Member States in this field, but it should be noted that the obtained results depend on the methodological approach both to the selection of features and the adoption of a specific standardization formula, as well as the considered variants of reference points. The results obtained can be utilized in subsequent years to examine the directions of change observed both from the point of view of European Union as one organization, and the individual EU Member States.

Share repurchases, coronaeconomy and stakeholders’ interests

SHS Web of Conferences ◽

10.1051/shsconf/20208902001 ◽

2020 ◽

Vol 89 ◽

pp. 02001

Author(s):

Irina Tkachenko ◽

Bela Bataeva

Keyword(s):

Sustainable Development ◽

Mutual Influence ◽

Russian Language ◽

Share Repurchases ◽

Share Repurchase ◽

Stakeholder Approach ◽

Wide Range ◽

The Impact ◽

Repurchase Programs

The purpose of the paper is to consider the mechanism of share repurchases in the context of the coronaeconomy and the COVID-19 pandemic. The English- and Russian-language publications discussing share repurchases from the perspective of the stakeholder approach in corporate governance are reviewed. The practice of the Russian firms implementing share repurchase programs is analyzed, with the focus on the companies included in the Sustainable Development Ranking-100. It is concluded that share repurchases should be studied with regard to the impact they have on the interests of a wide range of company’s financial and non-financial stakeholders, and to the mutual influence of buybacks and parameters of sustainable economic development.

An impact of macroeconomic stabilization on the sustainable development of manufacturing enterprises: the case of Central and Eastern European Countries

Environment Development and Sustainability ◽

10.1007/s10668-020-00988-4 ◽

2020 ◽

Author(s):

Aleksandra Pieloch-Babiarz ◽

Anna Misztal ◽

Magdalena Kowalska

Keyword(s):

Sustainable Development ◽

Slovak Republic ◽

European Countries ◽

Eastern European ◽

The European Union ◽

Macroeconomic Stabilization ◽

Manufacturing Enterprises ◽

Eastern European Countries ◽

Abstract Sustainable development is a socioeconomic development that respects environmental protection. It can be analyzed at a macro- and microscale. The goals of sustainable development are realized by ordinary people, politicians, organizations, and enterprises. At the enterprise level, sustainable development means an improvement in quantitative and qualitative conditions of running a business, the use of pro-ecological standards and solutions, and support of employee development. The sustainable development of enterprises depends on several factors, including macroeconomic conditions. The main aim of this paper is to show the impact of the macroeconomic stabilization on the sustainable development of the manufacturing enterprises in the Central and Eastern European Countries (CEECs). We examine only the CEECs which are the members of the European Union. Considering this, we focus on the eleven counties (i.e., Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia) in the period from 2008 to 2018. The main hypothesis is formulated as follows: Macroeconomic stabilization has a statistically significant impact on the sustainable development of manufacturing enterprises in the period from 2008 to 2018. The results of the study indicate that in all analyzed countries there is a statistically significant relationship between the indicator of sustainable development (SISDE) and the indicator of macroeconomic stabilization. The highest level of correlation was observed in Czechia, Poland, and Hungary, while the lowest in Estonia.

Impact of Eu Ets on Sustainable Development of its Participants in Latvia

Folia Oeconomica Stetinensia ◽

10.2478/v10031-012-0023-8 ◽

2012 ◽

Vol 11 (1) ◽

pp. 165-177

Author(s):

Ilze Prūse

Keyword(s):

Sustainable Development ◽

Emissions Trading ◽

Greenhouse Gas Emission ◽

Eu Ets ◽

The European Union ◽

Gas Emission ◽

Trading System ◽

The Impact ◽

The Eu

Abstract Latvia is covered by the European Union Emissions Trading System (EU ETS) and therein 80 participants from Latvia have participated. The goal of the paper is to analyse the impact of the EU ETS on the sustainable development of its participants in Latvia. The concept of sustainable development is explored with respect to both macro and micro scale and in the context of sustainable development the EU ETS is described. The impact of the EU ETS on its participants in Latvia is considered by means of methods of quantitative and qualitative analysis. It has been established that in past the participants of the EU ETS from Latvia had generally beneficial positions in the EU ETS; hence although the EU ETS did not directly promote greenhouse gas emission reductions, it provided opportunities to gain additional profits and many of the EU ETS participants in Latvia made use of them. In addition, certain interrelationships have been identified between the data on the EU ETS participants performing EUA trading and the data on the EU ETS participants not performing EUA trading. It has been concluded that the EU ETS might have contributed towards the sustainable development of its participants in Latvia within its certain dimensions.

The Impact of Investment on Sustainable Competitiveness Aspects

10.4018/978-1-7998-8501-6.ch016 ◽

2022 ◽

pp. 333-354

Author(s):

Sanela Arsić ◽

Aleksandra Fedajev

Keyword(s):

Sustainable Development ◽

Technology Development ◽

Global Market ◽

The European Union ◽

Member States ◽

Development Patterns ◽

Demographic Dynamics ◽

Financial Investments ◽

The European Union (EU) consists of 27 economies characterized by different economic structures, living standards, demographic dynamics, technology development, and other factors shaping their sustainable development patterns. This chapter aims to examine the impact of total investments and R&D investments on the sustainable development of EU economies and determine how these financial investments impact sustainable competitiveness in the global market. The assessment of the sustainable development performances was performed for the period from 2008 to 2019 using the linear regression model. The key findings pointed out that total investments and R&D investments had different impacts on sustainable competitiveness aspects in old member states (OMS) and new member states (NMS). The results could help policymakers understand, adjust, and optimize sustainable competitiveness to secure economic growth in all regions and reduce the differences between OMS and NMS.

Research of Budget Risks as a Factor of Influence on the Sustainable Development of Territories

SHS Web of Conferences ◽

10.1051/shsconf/202110102026 ◽

2021 ◽

Vol 101 ◽

pp. 02026

Author(s):

Irina Terentieva ◽

Andrey Svistunov

Keyword(s):

Risk Factors ◽

Sustainable Development ◽

Financial Management ◽

Methodological Approach ◽

Risk Indicators ◽

Risk Category ◽

Correlation And Regression Analysis ◽

This article presents an overview of modern scientific research on budget risks as a factor influencing the sustainable development of territories. Certain aspects of the budget risk category were clarified based on an analysis of the existing conceptual framework of budget risk theory. The main types of budget risks are highlighted and the relationship between them is reflected. The main risk factors of the municipal budget corresponding to each type of risk were also identified. Also, recommendations on the methodology for assessing budget risks are provided. They are based on the use of correlation and regression analysis methods, as well as the simulation modeling of budget risk indicators. This methodological approach will allow for scenario analysis, stress testing of key budget indicators, and improvement of the quality of financial management. This will increase the resilience of budgets to the impact of uncertainty and risk factors.

THE IMPACT OF BIOFUELS UTILISATION IN TRANSPORT ON THE SUSTAINABLE DEVELOPMENT IN THE EUROPEAN UNION

Technological and Economic Development of Economy ◽

10.3846/20294913.2017.1323318 ◽

2017 ◽

Vol 23 (4) ◽

pp. 667-686 ◽

Cited By ~ 19

Author(s):

Mihaela SIMIONESCU ◽

Lucian-Liviu ALBU ◽

Monica RAILEANU SZELES ◽

Yuriy BILAN

Keyword(s):

Economic Growth ◽

European Union ◽

Sustainable Development ◽

Energy Consumption ◽

Positive Impact ◽

The European Union ◽

Greenhouse Emissions ◽

Causality Tests ◽

The biofuels sustainability in transport depends on the energetic products demand and the limited resources. According to European legislation, the energy consumption in transport from renewable energy in the European Union should increase by 10% till 2020. Considering the environmental requests related to greenhouse gases reduction and a lower dependency on oil fuels stimulated more the biofuels production, this research empirically assessed the impact of energy consumption in transport based on biodiesel and bioethanol on sustainable development in terms of economic growth and greenhouse emissions. Using dynamic panel and panel vector-auto-regression models for European Union countries during 2010–2015, we proved that only the energy consumption in transport based on biodiesel had a positive impact on economic growth. The greenhouse emissions did not have any impact on economic growth while the energy consumption in transport based on bioethanol negatively affected the economic growth. The Granger causality tests on panel data indicated a bilateral relationship between economic growth and energy consumption in transport based on biodiesel and between economic growth and energy consumption in transport based on bioethanol. Given these empirical results, the energy policies should focus on the higher utilisation of biodiesel in transport in the EU.

Analysis of Social Responsibility and Reporting Methods of Romanian Companies in the Countries of the European Union

Sustainability ◽

10.3390/su10124662 ◽

2018 ◽

Vol 10 (12) ◽

pp. 4662 ◽

Cited By ~ 7

Author(s):

Marian Socoliuc ◽

Veronica Grosu ◽

Elena Hlaciuc ◽

Silvius Stanciu

Keyword(s):

European Union ◽

Sustainable Development ◽

Social Responsibility ◽

Point Of View ◽

Reporting Guidelines ◽

The European Union ◽

Voluntary Reporting ◽

Starting Point ◽

In the context of the current economy, the concept of corporate social responsibility has gained momentum, and its significance derives from the attitude of companies that have understood the importance of the impact of their activity on the environment in which they conduct their operations. The present study emphasizes the fact that CSR has an equal importance for those companies of varying sizes that operate in developing countries, such as Romania. There are still a lot of challenges regarding their implementation. The study focuses on establishing the level of CSR report by the Romanian companies within the European Union framework by taking into account the extent to which they are familiar with the CSR reporting guidelines in order to identify the degree of applying the Global Reporting Guidelines (GRI) when designing the sustainability reports. The data regarding the acceptance of the voluntary report and its correlation to the sustainable development as a strategic focus of the management of entities, the usefulness, the necessity and the obstacles of voluntary reporting were gathered based on a questionnaire. Between 2015–2017, 61 Romanian companies of various sizes had to answer specific questions. The research is based on the descriptive statistics as well as the correlation analysis method. The findings of the research proved that the acceptance of the management in terms of the sustainable development is in a close relationship with implementing voluntary reporting and the willingness to develop a favorable image of the company within a competitive market. The study also identified the differences that exist between a company’s success on the market that is linked to their development and the economic factors that characterize each and every field of activity. The present study focuses on defining the term ‘social responsibility’ from the point of view of its concepts. It also aims at presenting the social responsibility reporting methods used by the companies from the European Union countries. These can be a starting point for those companies that have not had the chance of applying them yet.