MATRIX METHOD OF FORMING A PORTFOLIO OF INVESTMENT PROJECTS IN CONDITIONS OF UNCERTAINTY

2021 ◽  
Vol 1 (3) ◽  
pp. 13-18
Author(s):  
Andrey Stanislavovich Slavyanov ◽  
Keyword(s):  
Sustainable Development ◽  
Economic System ◽  
Matrix Method ◽  
Social Effects ◽  
Project Portfolio ◽  
Investment Projects ◽  
The Social ◽  
The Matrix ◽  
Financial Result

The paper analyzes the current methods of evaluating the effectiveness of investment projects, which mainly take into account the financial result. At the same time, the social effects of the project, which may take a negative value, are usually not taken into account. The paper proposes an approach based on the matrix method of project portfolio formation, which ensures the uniform and sustainable development of the economic system.

scholarly journals Social Investing Modeling for Sustainable Development of the Russian Arctic

2022 ◽  
Vol 14 (2) ◽  
pp. 933
Author(s):  
Andrey Novoselov ◽  
Ivan Potravny ◽  
Irina Novoselova ◽  
Violetta Gassiy
Keyword(s):  
Sustainable Development ◽  
Industrial Development ◽  
The Arctic ◽  
Expert Assessment ◽  
Sociological Research ◽  
Negative Consequences ◽  
Social Investment ◽  
Investment Projects ◽  
Social Investing ◽  
The Social

The method of the social investing of the Arctic subsoil users is considered in this article. As the portfolio of social investments is formed based on the interests of indigenous peoples, the authors used expert assessment and sociological research for social investing modeling. A two-stage procedure for forming a portfolio of such projects is proposed. An approach has also been developed for assessing and selecting investment projects for the Arctic sustainable development according to different criteria of optimality. The authors substantiate the need for a new approach to sustainable development of the Arctic, based not on compensation for the negative consequences of industrial development used in many countries, but on social investment. In this article the proposed approach is tested on the case of the Arctic indigenous community in Taimyr and the optimal social investing portfolio is justified.

ECONOMICS OF SUSTAINABLE DEVELOPMENT IN THE THEORY OF SCIENTIFIC REVOLUTIONS BY THOMAS KUHN

2021 ◽  
Vol XXIII (3) ◽  
pp. 103-113
Author(s):  
Arkadiusz Sadowski
Keyword(s):  
Sustainable Development ◽  
Theoretical Concept ◽  
Market Mechanism ◽  
Social Effects ◽  
Thomas Kuhn ◽  
New Paradigm ◽  
Economic Problems ◽  
Classical Economics ◽  
Scientific Revolutions ◽  
The Social

The aim of this article is to analyze selected aspects of the theory of sustainable development as a potentially new paradigm in economic theory. The paper presents the concept of the economics of sustainable development in the context of the theory of scientific revolutions developed by Thomas Khun. The study focuses on such issues as externalities and the functioning of the economy in the macrosystem, including society and the environment. Their inclusion in the economics of sustainable development has allowed the assessment of such fundamental aspects as the voluntary nature of transactions or the social effects of running a business from a different perspective. Based on conducted analyses and the review of the literature, it has been noted that the main assumptions of the economics of sustainable development constitute some sort of anomaly, and perhaps even a revolution in relation to classical economics (understood, in this study, as a general theoretical concept that proclaims the reliability of the market mechanism, as well as the convergence of individual interests of producers and consumers with collective interests). In the context of Khun’s concept, it has been pointed out that a possible future paradigm of economics will not constitute so much disapproval of the present one but will make it more comprehensive and will approach economic problems from a different perspective.

scholarly journals INSTITUTIONALIZATION OF THE SOCIAL AND ECONOMIC SECURITY OF THE STATE AND SOCIETY

2021 ◽  
pp. 240-255
Author(s):  
Василий Владимирович Чекмарев ◽  
Владимир Васильевич Чекмарев
Keyword(s):  
Sustainable Development ◽  
Cost Analysis ◽  
Economic System ◽  
Scientific Knowledge ◽  
Economic Security ◽  
The State ◽  
Public Control ◽  
The Social ◽  
State And Society ◽  
Academy Of Sciences

Целью статьи является формулирование дополнительных аргументов необходимости повышения эффективности институционализации процессов устойчивого развития экономической системы страны и обеспечения социально-экономической безопасности государства и общества. Методологически предъявляемая авторская позиция базируется на сочетании позитивного и нормативного принципов, использовании инструментов статистического и функционально-стоимостного анализа. Новизной результатов проведённого исследования является обоснование предложений по реорганизации функций экономического блока управления государственным развитием, дополняющих идеи академика РАН С.Ю. Глазьева. Приращением научного знания декларируется развитие теории экономической безопасности на основании формулирования тезисов об общественном контроле процессов обеспечения социально-экономической безопасности общества и государства. The purpose of the article is to formulate additional arguments on the need to increase the effectiveness of institutionalizing the processes of sustainable development of the country's economic system and ensuring the socio-economic security of the state and society. The methodologically presented author's position is based on a combination of positive and normative principles, the use of statistical and functional-cost analysis tools. The novelty of the results of the study is the justification of proposals for the reorganization of the functions of the economic block of state development management, supplementing the ideas of academician of the Russian Academy of Sciences S.Yu. Glazyev. An increase in scientific knowledge declares the development of the theory of economic security on the basis of the formulation of theses on public control of the processes of ensuring the socio-economic security of society and the state.

scholarly journals EXPLICATION OF THE ESSENCE OF THE DEFINITION “DEVELOPMENT” IN RELATION TO SOCIO-ECONOMIC SYSTEMS

2020 ◽  
Vol 1 (18(46)) ◽  
pp. 17-24
Author(s):  
Galyna Sokoliuk
Keyword(s):  
Sustainable Development ◽  
Economic System ◽  
Point Of View ◽  
Economic Systems ◽  
Structural Balance ◽  
Social Component ◽  
The Social ◽  
Development Goals ◽  
Epistemological Analysis ◽  
Coordination Meeting

The article presents an epistemological analysis of definitions that reflect various aspects of the economic category “development” used within the system approach. The analysis shows that these definitions mostly do not single out the features of the social component of the economic system and management tasks are defined from the subjective point of view of those who fall under managerial influence. It has been noted that this approach can be called mechanistic, since the behavioral characteristics of the social component are neglected and the management of the system is considered from the standpoint of one-vector influence of decision-makers. It has been argued that this negatively affects the effectiveness of development management due to the diversity of stakeholders’ interests. An explication of the essential content of “development” definition has been made and components that reflect the specifics of the socio-economic systems management according to the concept of “sustainable development” have been identified. Management of socio-economic system structural balance has been proposed to consider as a dynamic process of forming the optimal proportions of its future state, which is determined by the equal vectors of economic and other interests of its actors and their positions coordination meeting the priorities of sustainable development and competitiveness and following the principles of stakeholder interaction and social dialogue. It has been noted that the management of the socio-economic systems development should be carried out both from the standpoint of achieving structural balance of the system and taking into account the development goals of the system (increasing competitiveness through quality change).

scholarly journals Spatiotemporal Evaluation of Socio-Ecological-Economic System Vulnerability: A County-Level Analysis of Chongqing, China

2020 ◽  
Vol 12 (9) ◽  
pp. 3912
Author(s):  
Chunxia Liu ◽  
Qingqing He ◽  
Yuechen Li
Keyword(s):  
Sustainable Development ◽  
Economic System ◽  
Composite Index ◽  
Vulnerability Index ◽  
Entropy Method ◽  
County Level ◽  
Ecological Economic ◽  
Index Model ◽  
The Social ◽  
Regional Sustainable Development

The research on vulnerability can provide insights into social, economic, and ecological risks. Therefore, the objective of this work was to measure the degree of socio-ecological-economic system (SEES) vulnerability in Chongqing, one of the regions with the high constraint of natural conditions and human activity in the southwest of China. For this, by using three criteria and 40 indices based on the exposure-sensitive-adaptive capacity (ESC) model, an index system was designed. The entropy method was used to determine the weight of the indices. Furthermore, the composite index model and coefficient of variation were applied to evaluate the spatiotemporal characteristics of SEES vulnerability in the study area at the county level. The results showed that the average vulnerability index of SEES from 2005 to 2010 in Chongqing was 0.5735. The development pressure was high, and the ability to resist disturbance from external risks was low. Regional sustainable development was facing challenges. Spatial distribution of SEES vulnerability of Chongqing varied from high (moderately vulnerable or worse) in the western counties to low (mildly vulnerable) in the northeastern and southeastern areas with better ecological bases. The general vulnerability of the ecological and economic subsystems continues to decrease. However, the vulnerability of the social subsystem tended to initially decrease and then increase. Overall, the differences in the pattern of SEES vulnerability of the counties declined. Moreover, economic and social development tended to balance. This study is helpful to understand the overall trend and characteristics of vulnerability change and provides theoretical methods and reference opinions to support regional sustainable development.

scholarly journals Substantiation of the methodological approach to the assessment of the investment climate of the regions

2018 ◽  
Vol 170 ◽  
pp. 01125 ◽  
Author(s):  
Svetlana Uvarova ◽  
Khuta Gumba ◽  
Dmitriy Lapaev
Keyword(s):  
Sustainable Development ◽  
Economic System ◽  
Methodological Approach ◽  
Regional Differentiation ◽  
Structural Elements ◽  
Investment Climate ◽  
Meso Level ◽  
The Social ◽  
The Republic ◽  
Regions Of Russia

Substantiation of sustainable development of the country's economy should be based on following the principle of regional differentiation in the planning and implementation of management decisions at the meso-level. The principle postulates the need to take into account territorial differences in the development of the structural elements of the economic system. The authors suggest assessing the differences on the basis of clustering of regions by the level of investment attractiveness. The purpose of this study is to substantiate the methodological approach to the assessment of the investment climate in the region. The paper analyzes the criteria for assessing the social and economic situation of the regions, the methodology for rating the regions is proposed, and the factors of investment attractiveness are investigated. According to the proposed methodology, the investment attractiveness of the regions of Russia and the Republic of Abkhazia was assessed.

scholarly journals Sustainable Development Modelling of Regional Agritourism Clusters (Case of Belarus)

2020 ◽  
Vol 4 ◽  
pp. 83-98
Author(s):  
Vital Kazlovski ◽  
◽  
Uladzimir Ganski ◽  
Katsiaryna Andreichyk ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Rural Areas ◽  
Management Decisions ◽  
The Sustainable Development ◽  
Investment Projects ◽  
Software Products ◽  
Applied Software ◽  
The Social ◽  
Systematic Solution ◽  
Social Environmental

Goal – construction of models that describe the social, environmental, and economic sustainability of rural areas in the context of the development of agritourism, which would make it possible to determine the leading factors for their sustainable development. Research methodology – the research applied the procedures of goal setting, measurement, establishing criteria, forming and choosing alternatives, algorithms, methods of PLS‑PM modeling, and methods of qualitative modeling. Score/results – a systematic solution to the numerous environmental, social, and economic problems of the development of agritourism cluster is not achievable without appropriate economic and mathematical models and tools for their support, which would make it possible to accurately predict the main indicators of the sustainable development of agritourism, identify the main factors of sustainable development, determine the degree of the effectiveness of certain management decisions. Originality/value – based on the applied software products developed in this way, support systems for making complex management decisions can be formed that make it possible to identify all potential scenarios for the development of any complex systems and transitions between them, as well as provide a predictive function for evaluating key blocks. In the future, the proposed toolkit can be used to model and optimize the sustainable development of specific tourism investment projects in rural regions, as well as to select investment areas at the regional agritourism cluster level.

scholarly journals PRINCIPAL APPROACHES TO ENSURING ECONOMIC HOMEOSTASIS FROM THE POSITION OF SUSTAINABLE FINANCE

2021 ◽  
pp. 34-42
Author(s):  
Igor Bystryakov ◽  
Dmytro Klynovyi
Keyword(s):  
Sustainable Development ◽  
Economic System ◽  
Social Economic ◽  
Specific System ◽  
Basic Principles ◽  
Self Sufficiency ◽  
The Social ◽  
Sustainable Finance

The purpose of the article is to outline the basic principles of achieving economic homeostasis and determination of the basic principles of homeostasis of economic systems from the standpoint of the concept of sustainable finance. It was found that the determining factor for the sustainability of the economic system is to ensure both its system-wide homeostasis and homeostasis in each of the subsystems in social, economic and environmental dimensions, which can be realized through a specific system of sustainable finance. It is determined that three factors should play an important role in the system of sustainable finance: building feedback mechanisms between the economic system and the environment and within its elements; creation of financial reserves and construction of channels of their direction on the needs of sustainable development; strengthening the links between finance and the real sector of production. The concept of systemic homeostasis is considered in the context of sustainable development management as a balanced state of dynamic self-sustaining balance in the development of socio-ecological and economic entities, which are considered as living systems of organized complexity. The focus is on proactive forms of homeostasis management, the essence of which, in contrast to reactive forms, is to respond to changes in the interaction of the system with its environment actively and purposefully. Financial dominance is considered as a separate fundamental functional component of the sustainable management system, the role of which is to ensure effective distribution relations between the social, economic and environmental components of the economy, and within each of them through appropriate institutions, mechanisms and tools. Principles of the dominant approach, functionality, vertical and horizontal integration feedback and self-sufficiency are proposed on the basis of the paradigmatic concept of sustainable finance. It is shown that their use will allow to build an internally stable financial component, which is capable to provide homeostasis in the socio-ecological and economic system and the rate of sustainable development at 3–4 % of annual economic growth.

scholarly journals The consumer market is the most important factor in the region’s sustainable development during the pandemic

2020 ◽  
Vol 208 ◽  
pp. 08013
Author(s):  
Natalya Novikova ◽  
Larisa Dianova ◽  
Rafaela Znachek
Keyword(s):  
Sustainable Development ◽  
Economic System ◽  
Theoretical Basis ◽  
Russian Regions ◽  
Consumer Market ◽  
The Sustainable Development ◽  
Russian Economy ◽  
Regional Dynamics ◽  
The Social ◽  
The World

During the coronavirus pandemic the problems of sustainability of the Russian economy, as well as the economy of regions that form it, sharply worsened. The protracted, global course of the COVID-19 epidemic has given the exceptional urgency to the problem of the sustainable development of regions. There is a lack of knowledge of the global, national, regional dynamics in the conditions of the epidemic, despite the world scale of the problem. The sustainability and integrity of the country depend on the sustainability of the regional social and economic system. The purpose of this research is to identify trends in the development of the regional consumer market in the conditions of the pandemic, to reveal its significance in forming the region’s sustainable development. To conduct the research the authors used the first statistic data about the functioning of the national and regional consumer market in the conditions of the pandemic. The object of the study is one of the Russian regions –the Sverdlovsk region. The theoretical basis of the research is the concept of the sustainable development of the social and economic system.

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