Modern university as an economic growth driver: Models & missions

2017 ◽  
pp. 58-76 ◽  
Author(s):  
A. Karpov
Keyword(s):  
Economic Growth ◽  
Education Research ◽  
Advanced Technology ◽  
Global Competitiveness ◽  
Technology Markets ◽  
Fast Growing ◽  
Business Ecosystem ◽  
Cost Efficient ◽  
National Economies ◽  
The University

The paper considers the modern university as an economic growth driver within the University 3.0 concept (education, research, and commercialization of knowledge). It demonstrates how the University 3.0 is becoming the basis for global competitiveness of national economies and international alliances, and how its business ecosystem generates new fast-growing industries, advanced technology markets and cost-efficient administrative territories.

scholarly journals Value-Oriented Model of Tuition in the Context of University 3.0 Paradigm

2019 ◽  
pp. 119-136 ◽  
Author(s):  
Aleksey I. Balashov ◽  
Anton A. Barabanov ◽  
Elena A. Vasilyeva ◽  
Alexander I. Lushin
Keyword(s):  
Higher Education ◽  
New Technologies ◽  
Academic Culture ◽  
Practical Significance ◽  
Global Competitiveness ◽  
Higher Education System ◽  
Value Based Management ◽  
Digital World ◽  
National Economies ◽  
The University

Introduction. This article presents the analysis of transformational changes in the Russian system of higher education. The authors aimed to develop a value-oriented model for the organization of educational activities. The concept of University 3.0 serves as a modern basis for ensuring the global competitiveness of national economies in the digital world. Materials and Methods. The methodological approaches of the study were systematic, comparative and problem-chronological methods. Results. The study expanded the understanding of the main stages of transformation in the higher education system in the Russian Federation. The results show that the destruction of the Soviet academic culture was accompanied by the destruction of the historical institutional balance. As a result, it became necessary to form new norms that define both the rules of interaction within the educational community and the place of this community in the overall social structure. The concept of Education 3.0 is designed to form these normative frameworks and ensure their interiorisation both in the pedagogical community and among students. It is revealed that in the modern Russian educational environment they are formed spontaneously, mainly due to the independent development of new technologies by students, while teachers continue to adhere to the previous educational concepts. Discussion and Conclusion. The practical significance of the study lies in the proposal of specific measures, the implementation of which will form the reputation of the University, attract additional investment, enhance its competitiveness both at the domestic and international level. The timeliness of the study lies in the fact that the analysis of the educational reform was carried out taking into account the needs of value-based management. The results of the study will be useful for the management of higher education institutions to reformulate development concepts, as well as for the executive authorities to further reform the educational system.

Global Restructuring, Knowledge and Learning

2004 ◽  
pp. 66-76
Author(s):  
E. Hershberg
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Political Institutions ◽  
Lower Cost ◽  
International Competitiveness ◽  
Value Chains ◽  
Global Competitiveness ◽  
Global Restructuring ◽  
Intensive Exploitation ◽  
High Road

The influence of globalization on international competitiveness is considered in the article. Two strategies of economic growth are pointed out: the low road, that is producing more at lower cost and lower wages, with increasingly intensive exploitation of labor and environment, and the high road, that is upgrading capabilities in order to produce better basing on knowledge. Restrictions for developing countries trying to reach global competitiveness are formulated. Special attention is paid to the concept of upgrading and opportunities of joining transnational value chains. The importance of learning and forming social and political institutions for successful upgrading of the economy is stressed.

Comparative Management of Human Resources between USA and Japan

2018 ◽  
Vol 9 (1) ◽  
pp. 93-100
Author(s):  
Evelyne Ingrid Mitu ◽  
Mile Vasic
Keyword(s):  
Human Resources ◽  
Labor Relations ◽  
Management Styles ◽  
Cultural Management ◽  
Japanese Management ◽  
Global Competitiveness ◽  
Comparative Management ◽  
The Us ◽  
Huge Impact ◽  
National Economies

Abstract Despite the differences between Japanese and styles, both will have a huge impact on their national economies. In terms of cultural management styles will continue to present significant differences. Although nothing is certain, both Americans and Japanese must continue to adapt their management styles to maintain global competitiveness. In general, human resources, labor relations within organizations are mainly features that differentiate the Japanese management system of other countries, especially the US.

scholarly journals Are International Indices Good Predictors of Economic Growth? Panel Data and Cluster Analysis for European Union Countries

2021 ◽  
Vol 13 (11) ◽  
pp. 6003
Author(s):  
Manuel Carlos Nogueira ◽  
Mara Madaleno
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Panel Data ◽  
Human Development ◽  
Empirical Studies ◽  
The European Union ◽  
Global Competitiveness ◽  
Environmental Performance Index ◽  
European Union Countries ◽  
And Cluster Analysis

Every year, news about the publication of rankings and scores of important international indexes are highlighted, with some of the most prestigious being the Global Competitiveness Index (GCI), the Human Development Index (HDI), the Ease of Doing Business (EDB), the Environmental Performance Index (EPI) and the Global Entrepreneurship (GEI). A country’s progression in these indices is associated with economic growth, especially since several empirical studies have found evidence to reinforce these beliefs, the indices having been built based on the scientific literature on economic growth. Building a database on these indices for European Union countries between 2007 and 2017 and using panel data methodologies and then 2SLS (Two-Stage Least Squares) to solve the problem of endogeneity, we verify empirically through panel data estimates, what is the relationship between the mentioned indices and the European Union countries’ economic growth for the period. However, as the European Union is made up of diverse countries with different economic and social realities, we divided the countries into six clusters and made an individual interpretation for each one. We found that human development and competitiveness play an important role in economic growth, and entrepreneurship also impacts this growth. Regarding income distribution, applying the Gini index, we found that only human development mitigates inequalities.

scholarly journals Higher Education and Sustainable Development Goals (SDG)—Potential Contribution of the Undergraduate Courses of the School of Social Sciences of the University of Évora

2021 ◽  
Vol 13 (4) ◽  
pp. 1828
Author(s):  
Elisa Chaleta ◽  
Margarida Saraiva ◽  
Fátima Leal ◽  
Isabel Fialho ◽  
António Borralho
Keyword(s):  
Social Sciences ◽  
Economic Growth ◽  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Quality Education ◽  
The Other ◽  
Potential Contribution ◽  
Decent Work ◽  
Development Goals ◽  
The University

In this work we analyzed the mapping of Sustainable Development Goals in the curricular units of the undergraduate courses of the School of Social Sciences at the University of Évora. Of a total of 449 curricular units, only 374 had students enrolled in 2020/2021. The data presented refer to the 187 course units that had Sustainable Development Goals in addition to SDG4 (Quality Education) assigned to all the course units. Considering the set of curricular units, the results showed that the most mentioned objectives were those related to Gender Equality (SDG 5), Reduced Inequalities (SDG 10), Decent Work and Economic Growth (SDG 8) and Peace, Justice and Strong Institutions (SDG 16). Regarding the differences between the departments, which are also distinct scientific areas, we have observed that the Departments of Economics and Management had more objectives related to labor and economic growth, while the other departments mentioned more objectives related to inequalities, gender or other.

Efficiency Driven Effect of Education in China: The Perspective of Global Competitiveness and Graduate Education

2021 ◽  
Vol 1 (1) ◽  
pp. 36-43
Author(s):  
Jia Liu ◽  
Lun Li
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Economic Development ◽  
Practical Significance ◽  
Education Policies ◽  
Global Competitiveness ◽  
Higher Education Policies ◽  
Level Of Economic Development ◽  
Education In China

Capital, natural resources, technology and education are often considered to be the most important factors in improving the level of economic development. China is in the "efficiency-driven" stage of economic development. There are objective laws in the development of education level and economic growth, but they interact with each other. Economic growth provides the foundation and necessary conditions for the development of education. At the same time, the role of education in promoting economic growth is also very obvious. Based on the perspective of postgraduate training, this paper studies the role of education in economic efficiency-driven, through the study of theory, data collection and empirical analysis, combined with the development characteristics of China's higher education, and compares China's and US higher education policies to guide China's higher education. The development of education, and then promote the transformation of China into the "innovation-driven" stage, has certain theoretical and practical significance.

scholarly journals THE ROLE OF TECHNOLOGICAL READINESS IN THE GLOBAL COMPETITIVENESS OF SERBIAN ECONOMY

2018 ◽  
pp. 111 ◽  
Author(s):  
Vladimir Radivojević ◽  
Bojan Krstić ◽  
Tanja Stanišić
Keyword(s):  
Business Environment ◽  
Policy Makers ◽  
Substantial Impact ◽  
Global Competitiveness ◽  
Technological Readiness ◽  
Balkan Countries ◽  
World Economic ◽  
National Economies ◽  
Further Development

Technological readiness is an important determinant of the economic and social development in recent decades. Therefore, technological readiness has a substantial impact on the global competitiveness of national economies in the contemporary business environment. The purpose of this paper is to evaluate the level of Serbian economy competitiveness in terms of technological readiness and to identify the critical factors for its further development. The analysis is based on the data published by World Economic Forum in annual The Global Competitiveness Reports in the period from 2013 to 2017. The research is conducted through comparative analysis and benchmarking method. The results show significant deviations and negative trend of technological readiness of Serbia in comparison not only with European countries but even with Balkan countries. The conclusions of this research may serve as the directions for technological readiness policy makers in Serbia and other Balkan countries.

scholarly journals Analysis of the Impact of Macroeconomic Stability on the Level of Global Competitiveness of Western Balkan Countries

2021 ◽  
Vol 10 (2) ◽  
pp. 23-37
Author(s):  
Nikola Milović ◽  
Mijat Jocović ◽  
Nikola Martinović
Keyword(s):  
Strong Impact ◽  
Group Company ◽  
Global Competitiveness ◽  
Complex Concept ◽  
Balkan Countries ◽  
Research Findings ◽  
Global Competitiveness Index ◽  
National Economies ◽  
The Impact ◽  
Macroeconomic Stability

Abstract Competitiveness, as a complex concept, can be observed in different ways, from the perspective of an individual, group, company and/or state. The subject of this paper deals with competitiveness of national economies observed through factor analysis, with a particular focus on the level of macroeconomic stability. Through the application of the Analytical-Hierarchical Process (AHP) method, special attention has been paid to the comparative ranking of Western Balkan countries. The ranking has been made in relation to macroeconomic stability and the positions of countries in the ranking of the World Economic Forum, based on the Global Competitiveness Index, for three defined periods of time. The paper identifies key factors that affect the competitiveness of Western Balkan countries. Research findings show that macroeconomic stability has a strong impact on the level of global competitiveness of national economies.

scholarly journals The Behavioral Aspect of Economic Growth

2021 ◽  
Vol 8 (523) ◽  
pp. 13-18
Author(s):  
T. M. Panevnyk ◽  
◽  
N. K. Bolgarova ◽  
Keyword(s):  
Economic Growth ◽  
Decision Making ◽  
Economic Development ◽  
Behavioral Economics ◽  
Significant Influence ◽  
Analytical Models ◽  
Behavioral Factors ◽  
Global Competitiveness ◽  
Behavioral Aspect ◽  
Quality Of Life Index

The article discusses the essence and significance of behavioral economics. The need to take into account the instrumentarium of behavioral economy in the process of solving socio-economic problems is substantiated. The macroeconomic indicators of development of Ukrainian economy are analyzed. Ukraine’s place in the world ranking in terms of GDP per capita is considered. The integrated assessment of the overall economic activity of the country using the Global Competitiveness Index (IGC), the Human Development Index (HDI), and the index of Quality of Life Index by Country are carried out. International comparison of economic growth indicators is highlighted. The dynamics of total income, expenses, savings of the population are analyzed and the significant influence of behavioral factors on decision-making in this sphere is identified, their relationship at both micro and macro levels is disclosed. A significant influence of behavioral factors on decision-making on consumption, expenses and savings is identified, their importance in crisis situations is emphasized. It is proved that the behavioral aspect of economic growth involves not just the inclusion of psychological factors in the classical analytical models, but a combination of microeconomic components with macroeconomic ones. The need to expand the analysis of economic development based on taking into account the behavioral aspect as the driving force of economic development is substantiated. It is noted that the instruments of behavioral economics should be used in the process of developing and conducting socio-economic policy. It is defined that the behavioral economy is one of the instruments that strengthens the possibilities of effective decision-making by the actors together with their impact on socio-economic processes.

scholarly journals Monetary Stabilization Policy in the Coronacrisis

2021 ◽  
Vol 129 ◽  
pp. 01015
Author(s):  
Tatiana Kotcofana ◽  
Anastasiya Titova ◽  
Armen Altunyan
Keyword(s):  
Monetary Policy ◽  
Policy Instruments ◽  
Value Added ◽  
Stabilization Policy ◽  
University Of Oxford ◽  
Global Recession ◽  
National Economies ◽  
The University ◽  
The Impact ◽  
The Relationship

Research background: In 2020, all the world's economies faced a new, special phenomenon – the coronacrisis caused by the pandemic, and with the fall of most economic indicators. In the current conditions, it is extremely important to build a competent monetary policy in order to soften the "blows" caused by the global recession for national economies. Purpose of the article: The main purpose of the presented article is the analysis of measures to stimulate the economy using monetary policy instruments in the conditions of the coronacrisis. Methods: To conduct the study, we used official statistics data, on the basis of which an econometric model was built, which allowed us to determine the forecast values for inflation, taking into account the impact of monetary and non-monetary factors. Findings & Value added: The econometric analysis show the high importance of non-monetary factors of inflation. This makes it difficult to assess the monetary policy, since Central banks are able to influence non-monetary factors only indirectly. The paper notes the influence of the refinancing rate on loans to the real sector of the economy, since the stabilization monetary policy should be primarily aimed at maintaining economic growth. The correlation field of the relationship between the index of rigidity of restrictions developed by the University of Oxford and loans to small and medium-sized businesses is constructed. It is noted that with the reduction of administrative restrictions, the volume of loans granted to small and medium-sized businesses increases.

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