scholarly journals IMPORT AND TELECOM SECTOR REVENUE IN EXPLAINING THE MOTIVES TO INVEST IN INNOVATIVE TECHNOLOGY BY ARMENIAN OPERATORS

2022 ◽  
pp. 72-77
Author(s):  
Mariam Poghosyan
Keyword(s):  
Econometric Model ◽  
Innovative Technology ◽  
Innovative Technologies ◽  
The Real ◽  
Use Of Services ◽  
The Cost ◽  
Telecom Sector ◽  
New Generation ◽  
The Impact

By estimating the impact of real imports of innovative technologies and non-innovative equipment on the real revenue of the telecommunications operators; and the impact of real imports of non-innovative equipment and the real revenue of the telecommunications operators on the real revenue of the telecommunications operators in Armenia from the second half of 2014 till the end of 2020, we have identified which factors will mainly lead to the growth of the sector and force them to invest in innovative technology. According to the analysis of the econometric model #1, it can be said that companies increase the cost of importing innovative technologies and equipment by 6.11%, on average, as soon as revenue decreases by 1%. Secondly, import of non-innovative equipment, like phones, once every 24 months, could lead to an increase in import of innovative equipment. According to the model #2 the costs of importing non-innovative equipment have a statistically significant impact on the revenue of telecom companies, however, the import of new generation phones does not lead to a huge increase in the use of services offered by operators. 11 months after the introduction of innovative technologies, their impact on the revenue of the telecom companies becomes statistically significant and negative. We conclude that the decrease of telecoms revenue leads to the growth of real imports of innovative technologies. The model results will enable telecoms to overcome the situations that would decrease companies’ revenue, to revise the periods set for importing equipment and innovative technology.  

scholarly journals Innovative Technology in Life Insurance

2020 ◽  
Vol 22 (1) ◽  
pp. 13-17
Author(s):  
Olena Zhyliakova ◽  
◽  
Halyna Zhyliakova ◽  
Keyword(s):  
Life Insurance ◽  
Negative Impact ◽  
Insurance Market ◽  
Insurance Companies ◽  
Innovative Technology ◽  
Competitive Advantages ◽  
Economic Market ◽  
Innovative Technologies ◽  
The Cost ◽  
The Impact

Introduction. The negative impact of macroeconomic factors on the development of the life insurance market during the quarantine period due to the spread of coronavirus disease has been exacerbated by declining incomes, rising unemployment, and the need to adhere to strict quarantine measures. The combination of these factors has led to a decrease in demand for long-term insurance and reduced efficiency of traditional sales channels of insurance products. At the same time, foreign experience shows that the level of innovation of the insurer is one of the main factors in increasing its competitiveness. Dissemination of information technology allows insurers through the implementation of innovative solutions to increase the quality and speed of service, increase the share of the insurance field, reduce the cost of conducting insurance business and the cost of insurance services. Purpose. The purpose of the article is to determine the features of innovative technologies in life insurance and to study the impact of their introduction into the activities of insurers on the development of the life insurance market. Results. The article describes the factors influencing the introduction of innovative technologies in life insurance. Characteristics of social, economic, market and technological groups of factors taking into account the specifics of life insurance and the current state of development of the life insurance market in Ukraine are given. Based on the experience of foreign insurance companies, the efficiency and necessity of introducing innovative technologies in life insurance have been proved, which will allow insurers to create competitive advantages, reduce costs, cost of insurance services, improve the quality of service for policyholders. Conclusions. For the insurance industry, the crisis of 2020 had some consequences, both obvious negative and hidden opportunities, as the introduction of quarantine measures requires accelerating the introduction of digital tools and channels through the widespread use of remote work, price pressure and changes in customer behavior. Thus, the crisis has accelerated the pace of introduction of innovative technologies in life insurance. Achieving successful phased changes involves a number of coordinated steps: – setting dynamic goals for the introduction of innovative technologies at all stages of servicing policyholders, the implementation of which in the near future will provide competitive advantages and reduce costs for insurers; – use of analytical reports and databases as a source of competitive advantage, abandoning outdated IT; – radical cost reduction through automation and self-service, while improving employee skills.

scholarly journals Evaluation of Innovative Technologies in Conditions of the Digital Economics

2019 ◽  
Vol 8 (3C) ◽  
pp. 230-236
Keyword(s):  
Spillover Effect ◽  
Innovative Technology ◽  
Factors Affecting ◽  
Innovative Technologies ◽  
The World ◽  
The Matrix ◽  
Method Of Evaluation ◽  
The Cost ◽  
Current Paradigm ◽  
Digital Economics

The article outlines the prospects and challenges of digitalization of the world economics, which led to the revision of the current paradigm of economic development of the world. Considering the fact that digital technologies are both a market and a vehicle for the emergence and development of new markets, they have actualized the importance of market phenomena and effects (convergence, spillover effect, diffusion of technologies, etc.), which have a colossal influence on the economic evaluation, transfer, and commercialization of innovations. In this regard, one of the important scientific and practical tasks for economists is to develop a methodology for the evaluation of innovative technologies, which would take into account the modern features of digitalization and would increase the competitive position of technologies. The purpose of this study is to substantiate the method of evaluation the cost of innovative technologies in the digital economics. The object of the work is the process of assessing the cost of innovative technologies, the subject – theoretical, methodological and applied foundations of evaluation of innovative technologies in conditions of the digital economics. The article substantiates the method of estimating the cost of innovative technologies in the framework of a comparative valuation approach. The peculiarity of the author's method is the matrix structure, which contributes to the flexibility of taking into account and/or adjustment of factors affecting the market environment on innovative technology at a particular time. The proposed method enables us to increase the efficiency of pricing and can be used as a basis for justifying the pricing strategy for innovative technologies, making management decisions regarding their market development in the digital economics, etc. The development makes it possible to adjust the price of innovative technology, in accordance with the inherent values of the influence of economic factors on it. The method is tested on the example of enterprises in the field of industrial electronics.

scholarly journals INFLUENCE OF FALLS REDUCTION ON THE COST-EFFECTIVENESS OF ADVANCED HYDRAULIC MICROPROCESSOR CONTROLLED KNEE PROTHESES IN ELDERLY PATIENTS WITH LOWER LIMB AMPUTATIONS

2018 ◽  
Author(s):  
Henning Krüger ◽  
Andreas Hahn ◽  
Alexander Kuhlmann
Keyword(s):  
Cost Effectiveness ◽  
Elderly Patients ◽  
Lower Limb ◽  
National Assembly ◽  
Improve Cost Effectiveness ◽  
Concomitant Factors ◽  
The Cost ◽  
New Generation ◽  
The Impact ◽  
Improve Cost

INTRODUCTION The assessment of cost-effectiveness and the use of health economical methods becomes of increasing importance when evaluating the impact of modern medical technology. The cost effectiveness of advanced hydraulic microprocessor controlled knees (MPKs) had recently by shown by RAND 1. A new generation of advanced hydraulic microprocessor controlled knee (MPK) components became available to address specifically the needs of elderly individuals The reduction of concomitant factors such as falls may significantly improve cost-effectiveness. Abstract PDF  Link: https://jps.library.utoronto.ca/index.php/cpoj/article/view/32041/24455 How to cite: Krüger H, Hahn A, Kuhlmann A. INFLUENCE OF FALLS REDUCTION ON THE COST-EFFECTIVENESS OF ADVANCED HYDRAULIC MICROPROCESSOR CONTROLLED KNEE PROTHESES IN ELDERLY PATIENTS WITH LOWER LIMB AMPUTATIONS. CANADIAN PROSTHETICS & ORTHOTICS JOURNAL, VOLUME 1, ISSUE 2, 2018; ABSTRACT, ORAL PRESENTATION AT THE AOPA’S 101ST NATIONAL ASSEMBLY, SEPT. 26-29, VANCOUVER, CANADA, 2018. DOI: https://doi.org/10.33137/cpoj.v1i2.32041                                                                           Abstracts were Peer-reviewed by the American Orthotic Prosthetic Association (AOPA) 101st National Assembly Scientific Committee.  http://www.aopanet.org/

scholarly journals The Use of E-Resources and Innovative Technology in Transforming Traditional Teaching in Chemistry and its Impact on Learning Chemistry

2018 ◽  
Vol 12 (7) ◽  
pp. 86
Author(s):  
Wong Yau Hsiung
Keyword(s):  
Teaching Method ◽  
Positive Impact ◽  
Innovative Technology ◽  
Traditional Teaching ◽  
Innovative Technologies ◽  
Learning Platform ◽  
Utilization Of Technology ◽  
Chemical Concepts ◽  
E Learning ◽  
The Impact

<p><span lang="EN-US"><span style="font-family: Times New Roman; font-size: medium;">Chemistry is often perceived as being a dry and boring science subject, probably because of traditional teaching method, static textbook, lack of interactivity and difficulty in visualization of the abstract chemical concepts. E-learning resources (e-resources) and the utilization of technology have become one of the major trends in education, replacing the conventional textbook and traditional talk and chalk teaching method. A study was undertaken to assess students’ perceptions of the impact of the e-resources and technology on various aspects of their learning. Data were collected through a questionnaire involving 28 undergraduates, who were taking first-year Chemistry course in Taylor’s University, Malaysia. A Moodle e-Learning platform was made available to the students, where the students can assess e-resources anytime and anywhere. Innovative technologies such as mobile clicker, simulation and augmented reality (AR) were integrated into classroom instruction. Most of the students found the e-resources provided useful and well prepared them for the assessments in the course. Their understanding and ability to answer questions had improved. They were motivated to study the subject because it was more interactive and engaging. Overall findings showed that these e-resources and innovative technologies gave positive impact on students learning in chemistry.</span></span></p>

scholarly journals THE CONCEPT OF FACTORS THAT DETERMINE THE INVESTMENT ATTRACTIVENESS OF THE REGION

2020 ◽  
Vol 288 (6) ◽  
pp. 216-220
Author(s):  
Y. Bushynskiy ◽  
Keyword(s):  
Physical Capital ◽  
Location Factors ◽  
The Real ◽  
Doing Business ◽  
Ex Post ◽  
Individual System ◽  
The Cost ◽  
Different Characteristics ◽  
The Impact ◽  
Real Investment

The different characteristics that describe individual regions lead to significant differences in the ability to raise capital in the form of investment in the regional structure. This is largely determined by factors that are taken into account in the process of localization of investment by potential investors (also from abroad), more broadly identified with localization factors or synthesized using the index of investment attractiveness. It was substantiated that investors ’decisions are influenced by a number of subjective factors that are quite difficult to measure, and they express an individual system of preferences, partly determined by the investor’s knowledge, including the image of the region. It was proposed during the analysis of investment attractiveness of the region to determine the real investment attractiveness, which should be interpreted from the standpoint of “popularity” of investing in a particular sphere. Since the region is able to absorb financial and physical capital in the form of investment, the definition by analyzing the value of investment in enterprises or foreign direct investment allowed to identify the disadvantage of this approach as an opportunity to analyze attractiveness based on ex post investment in contrast to the ex ante approach. It also established that the real investment attractiveness can be assessed on the basis of past investments and thus select the region that attracted the most of them, and relatively symptomatic variables can be indicated, the increase of which will indicate increasing attractiveness. It was proposed to divide location factors into “hard” and “soft” by the nature of the impact, which correspondently will allow identifying directly with the cost of doing business and income and – the subjective feelings of investors and their internal value system.

Digitalization of the Financial Sector of the Economy: Who will Receive Digital Dividends?

2018 ◽  
Vol 11 (2) ◽  
pp. 75-83
Author(s):  
E. R. Bezsmertnaya
Keyword(s):  
Economic Development ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Innovative Technology ◽  
Innovative Technologies ◽  
Russian Economy ◽  
Socio Economic Development ◽  
Potential Benefits ◽  
The Subject ◽  
The Impact

Nowadays, all sectors of the Russian economy are feeling a certain stress caused by the development of digital technologies. There is no doubt that the competitiveness of both individual companies and the state as a whole depends on what positions the domestic economic entities will occupy in the processes of digital transformation. The subject of the research is the specific features and prospects for the development of digitalization processes in Russia. The purpose of the research was to assess the potential benefits and possible challenges to the Russian economy in implementing innovative technology programs. The paper pays special attention to the specifics of the development of digital technologies in the financial sphere. It is concluded that the impact of digital technologies on the socio-economic development of society is ambiguous and a further study of foreign and domestic experience of digitalization and the development of innovative technologies is needed.

scholarly journals Oil price volatility, macro-finance interactions and the role of monetary chocks

2015 ◽  
Vol 3 (2) ◽  
pp. 120
Author(s):  
Hammami Algia ◽  
Gmidéne Samia
Keyword(s):  
Aggregate Demand ◽  
Price Volatility ◽  
Structural Var ◽  
Oil Price ◽  
Structural Shocks ◽  
The Real ◽  
Oil Price Volatility ◽  
Macro Finance ◽  
The Cost ◽  
The Impact

<p>This paper deals the impact of major external (monetary, financial, Oil supply, aggregate demand) shocks on the real oil price. For this reason, we use the structural VAR methodology (SVAR) on the basis of which we define five structural shock estimate SVAR models to determine the relationship between these five shocks.</p><p>This paper presents the dynamic effects of these shocks on the real oil price and estimates the estimated contribution of these shocks to real oil price during the M11995– M2 2013 periods. Therefore, the objective of this paper is to identify the structural shocks underlying the real oil price.</p><p>The results show that financial and monetary chocks are two key determinants of oil prices. The results indicate that the period of financial stress has contributed to the downturn of the economy by boosting the cost of credit and making businesses, households, and financial institutions highly cautious, and consequently to rise of oil price.</p>

scholarly journals The impact of inflation on the cost of adjustable-rate mortgages

2018 ◽  
Vol 3 (4) ◽  
pp. 113-134
Author(s):  
Tomasz Musiałowski
Keyword(s):  
Inflation Rate ◽  
Mortgage Loan ◽  
Strong Positive Correlation ◽  
The Real ◽  
Real Cost ◽  
National Bank ◽  
Adjustable Rate ◽  
Adjustable Rate Mortgage ◽  
The Cost ◽  
The Impact

Aim: To assess how inflation affects the cost of adjustable-rate mortgage from the perspective of personal finances.Design / Research methods: Adjustable-Rate Mortgage simulations were carried out, showing both the nominal and real costs of a mortgage loan. The behavior and the relationship between the inflation rate and WIBOR 3M rate were compared.Conclusions / findings: The analysis shows that the real cost of mortgage decreases with an increase in inflation. During the period under review, inflation declined, reducing both the real and nominal cost of the loan. There was a strong positive correlation between the WIBOR 3M rate and the inflation rate. Equally strong, although a negative correlation was observed between the inflation rate and the real interest rate. With the decline in inflation, real mortgage rates increased, and vice versa. Particular attention was paid to the periods in which inflation was rising. WIBOR 3M rate reacted to this increase to a much lesser extent and with a lag compared to the inflation rate.Originality / value of the article: Considering that forecasts presented by the National Bank of Poland predict inflation growth in the coming years, a thorough examination of the inflation impact on the mortgage costs is an important issue for risk management in households with mortgage.

scholarly journals Nonlinear Influence of Chinese Real Estate Development on Environmental Pollution: New Evidence from Spatial Econometric Model

2022 ◽  
Vol 19 (1) ◽  
pp. 588
Author(s):  
Wenqin Gong ◽  
Yu Kong
Keyword(s):  
Real Estate ◽  
Environmental Pollution ◽  
Econometric Model ◽  
Real Estate Development ◽  
Real Estate Industry ◽  
Spatial Econometric ◽  
The Real ◽  
The Real Estate ◽  
Spatial Econometric Model ◽  
The Impact

Environmental pollution is a problem of universal concern throughout the globe. The development of real estate industry not only consumes huge resources, but also has close ties with high-consumption industries such as the construction industry. However, previous studies have rarely explored the impact of real estate development on environmental pollution. Therefore, this paper employs the entropy method to construct a comprehensive index of environmental pollution based on panel data of 31 provinces in China from 2000 to 2017, and empirically examines the impact of real estate development on environmental pollution. This article uses real estate investment to measure the development of the real estate industry. In view of the high spatial autocorrelation of environmental pollution, this paper selects a spatial econometric model. The empirical study found that: (1) By using the Spatial Durbin Model, real estate development has an inverted U-shaped impact on environmental pollution. Meanwhile, most cities have not yet reached the turning point; that is, with the continuous development of the real estate industry, environmental pollution will continue to increase. (2) Further regional heterogeneity found that the inverted U-shaped relationship still exists in coastal and inland areas. (3) Finally, this article used the Spatial Mediation Model to explain the nonlinear impact of real estate development on environmental pollution, with two important mediating variables: population density and industrial structure. Through the above analysis, it can be observed that real estate development has a significant impact on environmental pollution. Thus, the country and the government can reduce environmental pollution by improving the investment structure, using environmentally friendly building materials, guiding population flow and promoting industrial upgrading.

scholarly journals Consideration of climate change-induced corrosion by structural codes

2021 ◽  
Author(s):  
Maria Nogal ◽  
Emilio Bastidas-Arteaga ◽  
Helena Maria dos Santos Gervásio
Keyword(s):  
Climate Change ◽  
Service Life ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Cost Effective ◽  
Industrialized Countries ◽  
Problem Design ◽  
The Cost ◽  
New Generation ◽  
The Impact

<p>The impact of climate change on ambient temperature and relative humidity along with the present CO2 levels are speeding the corrosion process of reinforced concrete structures. The alarming cost of the associated reduction of the service life of structures, which is estimated to cost 3% to 4% of the Gross Domestic Product (GDP) of industrialized countries, has put the spotlight on the importance of introducing the issue of climate change on the new generation of Eurocodes. Amongst the strategies to tackle the problem, design-phase measures seem not to be always cost- effective, nevertheless, measures during service-life are generally the most expensive. This paper discusses the potential strategies to be addressed by structural codes to tackle the problem of climate change-induced corrosion, considering aspects such as the cost-benefit analysis, viability, and the large uncertainty involved in climate change evolution.</p>

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