scholarly journals Management system for agricultural enterprises competitiveness

2019 ◽  
pp. 70-78
Author(s):  
Alla Chykurkova ◽  
Maksym Gorikhovskyi
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Management System ◽  
Modern Theory ◽  
Key Factors ◽  
Agricultural Enterprises ◽  
Difficult Time ◽  
Long Run ◽  
Level Of Economic Development ◽  
Strategic Goals

Introduction. The purpose of any production is to get the most possible profits in a market economy. Therefore, they can confidently develop their production and financial activities only those enterprises that receive from it the highest economic result. Those companies that work inefficiently, with a low profitability or are generally loss-making, are not viable. Producers of low-quality products or inefficient enterprises experience the greatest difficulties. However, the most powerful firms can flourish in a difficult time, because they go to segments of the market, which previously served by competitors who were ruined. As the experience of recent years has shown, most modern enterprises are not ready for competitive struggle. One of the key factors that determined the complexity of the situation is the lack of systematic representations about competitive advantages, how to create them and with which methods to implement them. The modern theory of competition, which has many practical provisions, is a powerful scientific base for solving important problems in the system of competitiveness management. Methods. The following methods are used when conducting the study: monographic, statistical, calculation and constructive. Results. The study of the essence of the concept of competitiveness and determination of its level in the context of development of farms and ensuring the realization of their strategic goals of the activity has been carried out. The constituents of the management of the competitiveness of farms are substantiated. The results of calculating the rating of the level of economic development of farms and the grounded development strategies of the farms of the Khmelnytskyi region are presented. Discussion. Increasing the efficiency of the organization in the long run depends, first of all, on the choice and implementation of the economic development strategy. Since the competitiveness of the company depends both on its activity and on the external environment, it is necessary to allocate and analyze the factors that have a significant impact. Priority directions for improving the competitiveness of farms are the introduction of geoinformation systems, the establishment of a servicing cooperative and the union of farmers, which will become an important task of scientific research into the future. Keywords: agricultural enterprises, farms, competitiveness, management system, land resources, production, development.

scholarly journals „Pénzügy és gazdasági fejlődés hosszú távon” Shin, Yongseok (2018): Finance and Economic Development on the Very Long Run: A Review Essay (Journal of Economic Literature, 56(4), 1557-1586.)1

2021 ◽  
Vol 16 (1) ◽  
pp. 185-190
Author(s):  
Domonkos Bajkán
Keyword(s):  
Economic Development ◽  
Review Essay ◽  
Economic Literature ◽  
Key Factors ◽  
Main Hypothesis ◽  
Financial History ◽  
Financial Regulations ◽  
Long Run

Yongseok Shin esszéjében Goetzmann Money Changes Everything: How Finance Made Civilizations Possible című könyvéről ír bemutatót, majd a könyv hipotézisét továbbgondolva vizsgálja, vajon az egyes pénzügyi találmányok hatást gyakorolnak-e a hosszú távú gazdasági fejlődésre. Shin Goetzmann művét további gazdaságtörténelmi elemzésekkel is összeveti. Arra a következtetésre jut, hogy a pénzügyek jelenléte fontos összetevő egy jól működő gazdaságban, azonban nem lehet az egyetlen fejlődést előidéző tényező. Shin a pénzügyi történelem további alapos tanulmányozását javasolja, és azt a jelenlegi pénzügyi szektor szabályozásainak kialakítása során is hasznosnak véli. Yongseok Shin reviews Goetzmann’s book, titled Money Changes Everything: How Finance Made Civilizations Possible. He reinterprets its main hypothesis, and analyses how the presence of financial tools affect economic development in the very long run. He also compares Goetzmann’s viewpoint to other economic historians’ results. He concludes that financial advancement is certainly one of the key factors leading to a prosperous economy, but cannot be the single one. Shin argues that financial history lessons might enable us to create more adequate financial regulations.

Cultural Tourism and Economic Development

2019 ◽  
pp. 13-44
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Focal Point ◽  
Cultural Tourism ◽  
Travel And Tourism ◽  
Long Run ◽  
Tourism Attractions ◽  
Key Aspects

There are many links between cultural tourism and economic development. Governments from entire nations down to cities and counties have made tourism a focal point in their economic development efforts. This chapter discusses 18 types of cultural tourism attractions ranging from architecture to gastronomy to sex. Each of the types of cultural tourism are assessed in terms of the level of interaction between a tourist and an attraction. Travel and tourism's contribution to gross domestic product (GDP) has outpaced overall GDP in 62% of the 185 countries studied by the World Travel and Tourism Council in 2017. Tourism's contribution to GDP exceeds 10% for several countries with Iceland topping the list at 20.1%. Sustainability is a key to the success of any long-term development strategy, and this is certainly the case with cultural tourism. The tradeoff communities face is maximizing short term returns versus managing development (tourism) to maintain the quality of the resource for the long run. Over-tourism results when an attraction or a community experiences numbers of tourists beyond the carrying capacity of the attraction. While the marketplace is better suited for managing much of tourism and its impacts, government is uniquely suited to manage some key aspects of tourism. Government is better able than business to manage for the long term. Additionally, governments can weigh costs and benefits to different groups (e.g., residents versus tourists). Two case studies are presented to highlight these issues.

scholarly journals Development strategy of production enterprises to ensure competitiveness and development of economic systems

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 60-67
Author(s):  
Valentin Susidenko ◽  
Julia Susidenko
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Food Industry ◽  
Economic Systems ◽  
Competitive Advantages ◽  
Global Competitiveness ◽  
Operation Conditions ◽  
The Development Strategy ◽  
Level Of Economic Development ◽  
Current Operation

The paper deals with the problem of determination the development strategy enterprises of the food industry in the conditions of integration and globalization processes. The problems influencing the level of global competitiveness determined. Identified key competitive advantages and their relationship with the factors of the competitive environment. This allowed distinguishing the development of strategic priorities the food industry of Ukraine to achieve competitive advantages in the context of current operation conditions. The article deals with the fundamentals of developing the strategy of enterprise economic development. In estimating the level of economic development the graphic analytical model has been suggested. The development trends have been investigated for determining the range of enterprise strategic alternatives. The typical positions of enterprises have been stated depending on the life cycle and the position on the market in order to take into account the most probable prospective trends.

scholarly journals BALANCE SHEET BUDGETTING AT AGRICULTURAL ENTERPRISES

2021 ◽  
Vol 4 (39) ◽  
pp. 121-129
Author(s):  
O. Fomina ◽  
S. Semenova ◽  
O. Moshkovska ◽  
T. Lositska
Keyword(s):  
Economic Development ◽  
Financial Stability ◽  
Balance Sheet ◽  
Jel Classification ◽  
Balance Budget ◽  
Financial Condition ◽  
Long Run ◽  
Level Of Economic Development ◽  
Effective Decision Making ◽  
Key Indicators

Abstract. The aim of the article is to study the importance of balance budgeting for agribusiness enterprises and to develop a sample balance budget that meets the needs and characteristics of their activities, reflects the key indicators of financial condition to achieve the target level of economic development. Approaches to determining the essence of the budget and budgeting are generalized, the main features of budget classification are systematized and the place and importance of the balance budget are characterized. The peculiarities of drawing up balance budgets for agribusiness enterprises, which consist in the method of initial recognition of agricultural products, assessment of current and long-term biological assets, reflection in the accounting of land plots, biological transformations, are analyzed. The method of determining budget indicators, the procedure for their coordination and relationship with other types of budgets are described. The proposed balance budget is substantiated, which is supplemented by analytical parameters to assess the financial condition of the enterprise and support effective decision-making. The balance sheet usually contains standard items of financial statements by month for the year, so an important addition is the presentation of deviations for all indicators for the year and average annual values, which will provide more smooth estimates. The scientific novelty of the study is to formalize the process of balance budgeting and balance sheet development for agribusiness enterprises, which takes into account the peculiarities of their activities and contains analytical indicators that help model liquidity, solvency and financial stability and achieve them in the long run. The results of the study allow to organize budgeting more effectively, facilitate the process of developing balance budgets and present them in a supplemented form to manage the financial condition of agribusiness enterprises, increase their book value and economic development. Keywords: budget, balance budgeting, agribusiness enterprise. JEL Classification М49, М21, Q19 Formulas: 0; fig.: 0; tabl.: 1; bibl.: 22.

scholarly journals The Effect of Institutional Quality on the Balance of Payments in African Countries. A Comparative Study

2021 ◽  
Vol 13 (7) ◽  
pp. 55
Author(s):  
Ashraf Helmy
Keyword(s):  
Economic Development ◽  
Balance Of Payments ◽  
Institutional Framework ◽  
African Countries ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Level Of Economic Development ◽  
International Transactions

This study tries to examine the effect of the quality of the institutional framework on the accounts of the balance of payments in a sample of African countries (28 countries) and a sample of countries occupying advanced positions in international economics (15 countries) to determine different indicators of the institutional framework that affect the balances of the current and financial accounts of the balance of payments in the two sample countries through the period 2002-2019. The study applied the panel autoregressive distributed lag (ARDL) model, Akaike info criterion (AIC), to determine the short- and long-run relationships. The empirical findings illustrate that the institutional indicators that support the current accounts of the balance of payments, in the long run, are not the same that support the financial accounts of the balance of payments of African countries. In addition, the effect of institutional indicators on international transactions is related to the level of economic development, where the effect of institutional indicators on countries with relatively low levels of economic development is more powerful than their effects on countries with advanced levels of development. Thus, the low quality of the institutional framework is considered an important impediment to the development of international transactions in African countries.

Impact of the institutional quality on NAFTA's international trade: a system GMM approach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yoon Heo ◽  
Nguyen Thi Thanh Huyen ◽  
Nguyen Khanh Doanh
Keyword(s):  
Economic Development ◽  
Low Income ◽  
Institutional Quality ◽  
Trade Flows ◽  
Low Income Countries ◽  
Content Type ◽  
Long Run ◽  
Trading Partners ◽  
Level Of Economic Development ◽  
Trade Elasticity

PurposeThis paper aims to analyze the impacts of institutional quality on trade flows of NAFTA with a panel data set of 105 countries spanning the period 2006–2017.Design/methodology/approachWe applied the system generalized method of moment (GMM) estimator to investigate the impacts.FindingsThe results show that institutional quality is a positive and significant determinant of international trade flows of the NAFTA bloc and its trading partners. Our results also indicate that the impact of institutional quality depends on the level of economic development of NAFTA's trading partners. Specifically, the trade elasticity of institutional quality is the highest for NAFTA’s trade with middle-income countries and the lowest for NAFTA's trade with low-income countries. In the long run, the trade elasticity of institutional quality increased significantly, with the highest increase in the case of NAFTA's trade with medium-income countries and the lowest increase in the case of NAFTA's trade with low-income countries.Originality/valueThis study contributes to the existing literature in three different ways. First, we examine the differential impact of institutions on NAFTA's trade according to the level of economic development of NAFTA's trading partners. Second, we compare the differential trade elasticity of institutional quality in the long run. Finally, we support our findings through an improved research methodology by using the system GMM estimation. This method allows us to overcome the potential sample bias, omitted variable problems and endogeneity of explanatory variables.

scholarly journals It’s time for Westernization: the advantages of the early start for long-term economic development at the local level

2018 ◽  
Vol 71 (4) ◽  
pp. 996-1025
Author(s):  
Sotiris Kampanelis
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Local Level ◽  
Early Start ◽  
Urban Economic ◽  
Urban Economic Development ◽  
Long Run ◽  
Dynamic Forces ◽  
Level Of Economic Development

Abstract This article examines the ‘early start’ hypothesis at the local level in the context of Australian colonization. It is found that the longer a place experiences economic activity under European management, the higher the level of economic development it achieves in the long-run. A theoretical framework is proposed under which a set of dynamic forces work in aggregate and enhance urban economic development. Results from several robustness checks that account for an array of possible biases validate the initial findings. Overall, the nature of Australian colonization reflects a relatively random variation in the duration of the Western presence at the local level, causing uneven urban development.

scholarly journals Kajian Tentang Perjanjian FTA antara AFTA dan Cina

2004 ◽  
Vol 4 (2) ◽  
pp. 123-139
Author(s):  
Young Kyu Jeong
Keyword(s):  
Economic Development ◽  
Crude Oil ◽  
Development Strategy ◽  
Foreign Investment ◽  
Large Margin ◽  
Economic Development Strategy ◽  
Long Run ◽  
The World ◽  
Short Run ◽  
Oil Gas

This study analyses the prospects, changes and characteristics of economics cooperation between AFTA and China after the period from 1980’s. Gross trade and direct investments are studies here, as well as tariff such as per categornes, field, in order to understand AFTA China’s economics cooperation.According to FTA between AFTA and China, Crude oil, gas and other products took up the greatest portion of AFTA exports until the 2008 (in the short run), since the mid-2003, exports have grown by a large margin owing to the nation’s exportoriented economic development strategy. But, in the long run, foreign investment in the world concentrate upon China

scholarly journals Development Strategy for Pakistan

1963 ◽  
Vol 3 (3) ◽  
pp. 414-423 ◽  
Author(s):  
John H. Power
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Ad Hoc ◽  
Economic Planning ◽  
Mixed Economy ◽  
Final Version ◽  
Plan Period ◽  
Long Run ◽  
Recent Origin ◽  
Compound Interest

Economic planning is of such recent origin in Pakistan that, up to now, it has necessarily been ad hoc in character. The problems of the present and immediate future have always appeared so pressing to the planners that, aside from hopeful compound-interest projections to the next generation and occasional evasive reference to the advantages of a "mixed" economy, there has been little in the way of a philosophy or long-run strategy of economic development that one could attribute to the planning authorities. This is not at all surprising when one recalls that the First Five Year Plan was not officially approved until more than one-third of the plan period had passed. The final version had to be in part a rationalization of what had already occurred. Even the Second Plan was ready only on the eve of the beginning of the plan period and the final revised version did not appear until 15 months later.

ENTERPRISE DEVELOPMENT STRATEGY. CASE STUDY

2018 ◽  
Vol 19 (3) ◽  
pp. 109-123
Author(s):  
Dawid Żebrak
Keyword(s):  
Development Strategy ◽  
Management System ◽  
Clothing Industry ◽  
Business Activity ◽  
Enterprise Development ◽  
Market Conditions ◽  
Strategic Approach ◽  
Strategic Goals ◽  
A Company

The contemporary market conditions and risks occurring in business activity enable enterprises to redefine their management system towards a more strategic approach. A company development strategy is the way in which the enterprise intends to perform its mission and reach its strategic goals. This strategy reflects different maners and company development range. The main aim of consideration is to be identified areas of the company’s development strategy in theoretical and empirical terms. This dissertation is a case study based on data collected from the clothing industry

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