scholarly journals STRATEGY OF FORMATION OF REGIONAL COMPETITIVE ADVANTAGES: ANALYSIS AND ELEMENTS OF FORMATION

2021 ◽  
Author(s):  
Svetlana Nesterenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic System ◽  
Resource Constraints ◽  
Value Added ◽  
Evolutionary Development ◽  
Dominant Factor ◽  
Economic Activities ◽  
Market Incentives ◽  
Regional Economic Policy

The article identifies the need for structural change as a priority area of regional economic policy, which is determined not only by the level of accumulated research potential in the region, but also the depth of the economic challenges it faces. It is determined that the strongest incentives for socio-economic transformations arise in economically disadvantaged regions, especially in periods of global economic instability. The transition to building a new economic system in the regions is the most effective for overcoming their subsidies and weak dynamics of regional gross domestic product. The peculiarities of the formation of regional gross value added in Ukraine and the output of regional products and services in the basic prices of economic activities in the total area of the region were studied. The analysis showed that the existence of strong market incentives for innovation is an important factor in technological and economic progress. Such market incentives arise primarily as a result of increasing resource constraints (associated not only with a lack of resources, but also with rising prices for them), with the emergence of new aggressive competitors in the traditional for the country and its regions. Economic growth is really sustainable only when it is accompanied by a process of qualitative improvement in the structure of the economy. In this sense, only the economic growth that takes place simultaneously with the process of economic development is qualitative, sustainable and reflects the positive dynamics of the evolutionary development of the national economic system. It is proved that the manifestation of market incentives not only «pushes» national enterprises beyond the already mastered production and technological activities, makes the transition to innovation an important condition for their survival in the market, but also shows the direction of concentration and even joint efforts of all national actors to overcome them. It is proved that when forming a new, more progressive approach to regional development instead of the factor «investment» the main, dominant factor of economic growth is the factor «technological innovation» and this radically changes the whole paradigm of economic development of the region and the country as a whole.

scholarly journals Network model for researching the impact of the increasing of division of labor on innovations and economic growth

2020 ◽  
pp. 60-69
Author(s):  
I.P. Timofeev ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic System ◽  
Division Of Labor ◽  
Network Model ◽  
Economic Development And Growth ◽  
Economic Interpretation ◽  
The Impact ◽  
Further Development

The author offers a network model of the economic system designed to research the impact of increasing technological division of labor on the opportunities for economic development and growth. The article describes the main elements of the model and their economic interpretation, as well as the basic rules for its construction. An economic network consists of sets of producers, consumers and goods flows between them. The author shows how the model represents the appearance of various types of innovations. The author has outlined main directions of further development and researching the model.

Bivariate Causality between FDI Inflows and Economic Growth in India Since 1990

2010 ◽  
pp. 221-223 ◽  
Author(s):  
Behrooz Shahmoradi ◽  
Enayatallah Najibzadehr
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Strong Correlation ◽  
Direct Relationship ◽  
Causal Relation ◽  
Economic Activities ◽  
Fdi Inflows ◽  
Long Run ◽  
The World

Nowadays, most of the countries in the world mostly concentrate on the flow of FDI, because it has direct relationship with economic development. The present study attempts to make a contribution in this context, by analyzing the existence and nature of causalities, if any, between FDI and economic growth in India since 1990, where growth of economic activities and FDI has been one of the most pronounced. The results indicate that there is a strong correlation between FDI inflows and GDP in India. And also there is unidirectional causal relation between FDI and GDP. Finally as co-integration shows there is no long run relationship between FDI and economic growth in India.

Toward a dynamic capability theory of economic growth

2019 ◽  
Vol 29 (4) ◽  
pp. 1047-1065 ◽  
Author(s):  
David Sainsbury
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Value Added ◽  
The United States ◽  
Dynamic Capability ◽  
Alexander Hamilton ◽  
Role Of Government ◽  
Windows Of Opportunity ◽  
The Uk

Abstract New theories of economic growth that are policy-relevant and connect with the histories of success and failure in economic development are urgently needed. This article compares the neoclassical (or market efficiency) school of thought with the production-capability school of thought which included Alexander Hamilton, Friedrich List, and Joseph Schumpeter. Many affirmative, industrial policy steps by governments to promote economic development have been historically recorded—including in the UK and the United States. Meanwhile the neoclassical school has ignored the role of government in helping to create competitive advantage. It has also chosen to ignore how firms are formed, how technologies are acquired, and how industries emerge. The dynamic capability theory of economic growth developed here assigns the central role in economic growth to firms but also an important role to governments. The rate at which a country’s economy grows depends critically on whether its firms can build the capabilities to generate and take advantage of “windows of opportunity” that exist for innovation and new markets, and whether over time they are able to enhance their capabilities to move into higher value-added activities.1

scholarly journals APLIKASI ERROR CORRECTION MECHANISM DALAM ANALISIS DAMPAK PERTUMBUHAN EKONOMI, KONSUMSI ENERGI DAN PERDAGANGAN INTERNASIONAL TERHADAP EMISI CO2 DI INDONESIA

2020 ◽  
Vol 13 (1) ◽  
pp. 104-115
Author(s):  
Fitri Kartiasih ◽  
Adi Setiawan
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Trade ◽  
Error Correction ◽  
Co2 Emissions ◽  
Energy Use ◽  
Kuznets Curve ◽  
Ekc Hypothesis ◽  
Economic Activities ◽  
Error Correction Mechanism

Economic development is an effort to improve people's lives. However, economic development has negative externalities. Emissions generated from economic activities can pollute the environment. This study purpose to determine the relationship between economic growth and CO2 emissions based on the Environment Kuznets Curve (EKC) hypothesis and analyze the influence of energy use, economic growth and international trade on CO2 emissions in Indonesia in the period 1977-2014 using Error Correction Mechanism (ECM) analysis. The results showed that the EKC hypothesis does not apply in Indonesia, meaning that economic development carried out during the research period still pursues increased income without regard to environmental quality so that increased per capita income is accompanied by increase in CO2 emissions. Based on econometric analysis of ECM, it shows that the variables of energy use, economic growth and international trade have a statistically significant effect on CO2 emissions in Indonesia in the long run. In the short term, economic growth, and error correction terms have a statistically significant effect while the variables of energy consumption and international trade do not have a statistical effect on CO2 emissions in Indonesia.

scholarly journals Citizens without Nations: A Response

2020 ◽  
Vol 65 (1) ◽  
pp. 135-142
Author(s):  
Maarten Prak
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Local Politics ◽  
The Other ◽  
Modern World ◽  
Poor Relief ◽  
Social Policies ◽  
Economic Activities ◽  
Urban Citizenship ◽  
Urban Contexts

AbstractIn Citizens without Nations, I argued that national histories have overlooked a large and significant range of citizenship practices that can be found in towns and cities across the pre-modern world. These practices related to local politics (elections, consultations), to economic activities (guilds), to social policies (poor relief), and to military defence (civic militias). This rejoinder addresses three issues raised by critics Jack Goldstone, Katherine Lynch, and R. Bin Wong in relation to my book on urban citizenship in Europe, Asia, and the Americas: ideas, including religion, nations, and economic growth. All three have a lot to do with the implications of global comparisons. Ideas and nations have taken distinct forms in the various world regions. Foregrounding them makes comparisons more difficult. Urban contexts, on the other hand, can be more easily compared. Economic development was introduced in the book as a benchmark to see if and how citizenship arrangements might have impacted prosperity. The economic numbers are, however, still fragile for the pre-industrial era. Therefore, they will have to be supplemented with qualitative studies, which are slowly but surely emerging also outside Europe.

scholarly journals Peculiarities of the dynamics of the enterprises of the Republic of Moldova by size classes

2021 ◽  
pp. 71-79
Author(s):  
Alina Stratila ◽  
◽  
Rina Turcan ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Labor Productivity ◽  
Point Of View ◽  
Enterprise Development ◽  
Economic Activities ◽  
Republic Of Moldova ◽  
Level Of Economic Development ◽  
The Republic ◽  
Micro Enterprises

This article examines the patterns of enterprise development that underlie the evolution of the Moldovan economy over the period 2010-2019 (10 years). The issues of personnel involvement in the economy and labor productivity, profit and profitability of enterprises from the point of view of their classification by dimension class: large, medium, small and micro-enterprises are considered. Attempts was made for identify the regularity between the economic growth of the country and the size of the enterprise carrying out financial and economic activities. The conclusions obtained in the framework of this study allow us to conclude the level of economic development and the prospects for its further growth, including through government intervention to support a particular category of enterprises.

scholarly journals Modeling the impact assessment of agricultural sector on economic development as a basis for the country’s investment potential

2019 ◽  
Vol 16 (3) ◽  
pp. 229-240
Author(s):  
Alina Bukhtiarova ◽  
Arsen Hayriyan ◽  
Victor Chentsov ◽  
Sergii Sokol
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Manufacturing Sector ◽  
Value Added ◽  
The Cost ◽  
The Impact

In the context of countries integration into the world economic space, agricultural sector is one of the priorities and strategically important sectors of the national economy. Development of instruments aimed to increase investment potential of this sector is therefore an important component of the country’s economy growth. The article proposes a science-based model of the impact of the agricultural sector on the economic development level of countries trying to move towards European integration.It was found that the employment rate (+58.4) has the largest influence on the rate of GDP change in the studied group of countries (Ukraine, Moldova, Georgia, Armenia). The impact of the gross value added of the manufacturing sector on its economic growth is positive (+44.6). The negative foreign direct investment ratio in the model (–40.3) may be due to the fact that the indicator in the studied countries is still largely influenced by the intervention of the state mechanism, significant uncertainty and risk, which is a deterrent to the overall economic development. An important result of the study was that foreign direct investment had a negative impact on economic growth in developing countries. Further development of the investment potential of a country’s agricultural sector provides for a radical acceleration of scientific and technological progress and, on this basis, a reduction in the cost of a unit of agricultural products and food and an increase in their competitiveness in the domestic and world markets.

scholarly journals The Shift-Share Method: An Instrument for Analyzing the Dynamics of Industry Structure of the Economy

2020 ◽  
Vol 87 (4) ◽  
pp. 36-47
Author(s):  
Т. Ye. Trubnik ◽  
О. К. Mazurenko
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Financial Services ◽  
Rapid Development ◽  
Value Added ◽  
Economic Activities ◽  
Gross Value Added ◽  
Regional Factors ◽  
Bank System ◽  
The Impact

The socio-economic events of the latest years and uncertainties in the vectors of development of the economic environment cause the need for robust statistical assessment. An important area of studies of the modern economy is determining the type of economic growth. The shift-share method is applied to determine the effect of the impact of national, industrial and regional factors on the dynamics of economic growth. The shares of effects (effects of the impact) caused by national economy trends, industry mix and region-specific factors are identified and analyzed. The position of economic activities in the industry mix of the Kyiv economy is analyzed and assessed by indicators of gross value added and number of employees with consideration to three components. The impact of each of them caused by the national factors, the established industry mix of the national economy and the internal competitiveness of a specific industry of the region are characterized. Factor decomposition of the change in the indicators caused by the national component, industry-specific and region-specific effects reveals that the overall growth in the gross value added by economic activity in Kyiv is to a large extent conditional on the effective industry policy and to the least extent on regional factors. However, the employment reduction in the Ukrainian capital was caused by the impact of national and industry factors, and was not compensated by the positive local effect. It is revealed that the stable flagship position is taken by financial and insurance activities, in spite of recent reforms in the bank sector with cleansing the bank system from ineffective and nontransparent entities. Kyiv remains to be the core center for concentration of financial services. The progressive growth in the construction market meets the needs of the megalopolis with its increasing population. The residents’ desire to expand the dwelling size and improve the living conditions helps improve business climate in the construction sector, increase its growth rates and share in the gross regional product (indirectly, through the gross value added).       The section “Information and telecommunications” stands steadily on the top positions. Its rapid development, as a signal of the digital economy, enables for momentary exchanges of information and services on the domestic and external market, thus creating favorable prospects.   The analysis of the composition of the problem group and the outsider group among the economic activities reveals the stable presence of manufacturing and social industries. Enterprises of the sections “Manufacturing”, “Supply of electricity, gas, steam and conditioned air”, “Supply of water, sanitation, treatment of wastes” have a stock of problems and system drawbacks; they suffer from lack of investment and innovation, they have no strong orientation on the challenges of modernity and market needs, which weakens the positions of the Ukrainian capitals’ economy as the industrial center. It is proposed to use the graphic method for illustrating the distribution of economic activities in Kyiv by quality characteristics of operation. The factors accelerating or hampering the development of economic activities in the region are determined. Recommendations on management decisions related with future operation of industries referred to as “leaders”, “regulars”, problematic industries and outsiders are given.

scholarly journals STRUCTURAL CHANGES IN SECTORAL EMPLOYMENT

2019 ◽  
Vol 17 (2) ◽  
pp. 180-186
Author(s):  
Iv. Stoycheva
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Structural Changes ◽  
Economic Activities ◽  
Determining Factors ◽  
Distribution Of Resources ◽  
Specific Influence

Structural changes in employment, that are a result from the specific influence of structure determining factors are viewed as changes with time in the proportions of the economic system. The opportunities for the development of one or another sector or region are the result of favourable changes in the structures. At the same time, the formation of objective conditions for favourable economic structural changes is an effective tool for the economic development of a certain sector, which provides more appropriate adjustment of economic structures to the requirements of time. This study aims at exploring structural changes in employment by sector (according to the Classification of the Economic Activities of Bulgaria-2008) through integrated and aggregated measures. The registering of these changes makes tracking the trends in economic development, the intensity of the changes and the unevenness in the distribution of resources between sectors possible. On this basis, there can be drawn guidelines to improve the distribution in the sectoral employment, by setting out priority actions for increasing the efficiency of the use of labour resources.

scholarly journals Sustainable Local Economic Development in Tanzania: Exploring Economic Challenges in Growing the Economy

2021 ◽  
Vol 11 (2) ◽  
Author(s):  
Kaihula P. Bishagazi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Local Economic Development ◽  
Local Development ◽  
Economic Policies ◽  
Economic Activities ◽  
Top Down ◽  
Growth Center ◽  
The Government

The failure of macro-economic policies to deliver meaningful reductions in poverty and achieve basic needs in Tanzania has provoked a deep questioning of the relevance of economic growth center policies in Local Economic Development (LED). The government and development partners are increasingly shifting from the traditional top down approaches to the all-inclusive bottom up approaches for effective local development. The concept of sustainable Local Economic Development is thus examined in the context of economic activities and challenges using a case study of Shinyanga region in Tanzania. 

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