Transitional Economies
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2021 ◽  
Vol 3 (3) ◽  
pp. 186-195
Author(s):  
James Maples ◽  
Michael Bradley

Kentucky’s Red River Gorge is a popular rock climbing destination located amid longstanding poverty in America’s Central Appalachian region. Climbing represents an important part of the outdoor recreation economy and may provide one alternative to mono-economic extractive industry dependency in this region. This study examines the economic impact of climbing in the Red utilizing an online survey of rock climbers and economic impact methodology. The survey examines expenditures in lodging, food purchases, travel, retail purchases, and services. The survey also collected visitation and demographics data. The authors estimate climbers spend $8.7 million annually (up from $3.8 million in 2015) and support over 100 jobs in some of the poorest counties in the region and nation. The study reiterates previous findings indicating climbers are well-educated with incomes higher than those typically found in this region. The study’s results help reframe the value of climbing’s economic impact in rural transitional economies throughout Central Appalachia. These findings also raise policy implications regarding public land access and reducing climber environmental impacts on public lands.


Author(s):  
Ataur Rahman ◽  
Sany Izan Ihsan

Road fatality and injury are a worldwide issue in the transportation industry. Road traffic accidents are becoming increasingly significant due to higher mortality, injury, and disability across the world, particularly in developing and transitional economies. Eighty-five percent of the total road traffic fatalities occur in developing nations, with Asia-Pacific accounting for roughly half of them. A variety of factors influence road safety, including technological, physical, social, and cultural factors. The purpose of this research was to design an autonomous braking system (AuBS). Using the Adaptive Neuro-Fuzzy Intelligent System (ANFIS), a DC motor, sensors, and SAuBS have been developed to customize the traditional hydraulic braking system. The genetic algorithm has been developed to simulate the fundamental characteristics of the automotive braking system. The AuBS system goal is to slow the car without the driver's help infrequent braking when the vehicle is moving at slower speeds. When the ANFIS performance is compared to that of the AuBS model, it is discovered that the ANFIS performs roughly 15% better.


2021 ◽  
Vol 9 (12) ◽  
pp. 1326
Author(s):  
Nexhat Kapidani ◽  
Sanja Bauk ◽  
Innocent E. A. Davidson

This paper deals with challenges of implementing blockchain (BC) technology in maritime at developing countries, with a research focus on Montenegro and South Africa. Research design and categories analyzed in the paper are chosen due to the search of relevant secondary literature resources. Selected experts in Information Technology (IT) and maritime from aforementioned developing countries were asked about their perception of BC as disruptive technology, its implementation, and implications on maritime and other industries, through a questionnaire, which contains both quantitative and qualitative parts. The results should give the readers insights into the experts’ standpoints concerning rational blockchain adoption in maritime and other industries in developing and transitional economies. The paper is organized into six sections: (1) introduction, (2) literature review on blockchain in maritime, (3) research problem and design, (4) results, (5) discussion, and (6) conclusions.


2021 ◽  
Author(s):  
◽  
Thi Minh Phuong Tran

<p>Vietnam is an economy in transition that has encountered a great deal of obstacles and issues shifting to the market tract. Due to a lack of synchronized legal systems, and the legacy of stagnant economic development and low efficiency dating from the wartime, it has been even more difficult for Vietnam to adapt itself to the new context of globalization. Since Doimoi however, Vietnam has witnessed gradual but important changes in thinking and action. In order to apply the model of “socialist market-oriented economy” in practice, Vietnam enacted the Vietnam Competition Law (VCL) in 2004. After nearly a decade of being in force, the VCL (2004) has attracted lots of critique over its outdated and inappropriate content. In contrast, a number of comments from economic experts and academia still express supportive attitudes and highly appreciate the introduction of the law in 2004. Competition-related issues are now an important concern in the domestic market and the law has strengthened Vietnam’s integration into the regional and global economy.  This thesis identifies the factors determining the promulgation of the VCL (2004). It argues factors came from both internal and external sites. Changes in economic political thinking and negative experience in the national economy for a long period are found to be the main forces for the promulgation from a domestic perspective. While entering a number of regional organizations like ASEAN and APEC and indirect pressure from application for entrance into the WTO and negotiation with the U.S. under the Bilateral Trade Agreement are the main forces from an external perspective. The thesis shows how both external and internal factors contributed to and interacted with each other in the enactment of the VCL (2004). It finds these forces were harmonized in a way that met Vietnam’s international obligations and desire for deeper integration with the global economy while also meeting the requirements of competition law in a transitional economy. These findings suggest further study on the process of harmonization of external and internal forces in the area of competition policy is needed to understand better the process of introducing competition policy in transitional economies.</p>


2021 ◽  
Author(s):  
◽  
Thi Minh Phuong Tran

<p>Vietnam is an economy in transition that has encountered a great deal of obstacles and issues shifting to the market tract. Due to a lack of synchronized legal systems, and the legacy of stagnant economic development and low efficiency dating from the wartime, it has been even more difficult for Vietnam to adapt itself to the new context of globalization. Since Doimoi however, Vietnam has witnessed gradual but important changes in thinking and action. In order to apply the model of “socialist market-oriented economy” in practice, Vietnam enacted the Vietnam Competition Law (VCL) in 2004. After nearly a decade of being in force, the VCL (2004) has attracted lots of critique over its outdated and inappropriate content. In contrast, a number of comments from economic experts and academia still express supportive attitudes and highly appreciate the introduction of the law in 2004. Competition-related issues are now an important concern in the domestic market and the law has strengthened Vietnam’s integration into the regional and global economy.  This thesis identifies the factors determining the promulgation of the VCL (2004). It argues factors came from both internal and external sites. Changes in economic political thinking and negative experience in the national economy for a long period are found to be the main forces for the promulgation from a domestic perspective. While entering a number of regional organizations like ASEAN and APEC and indirect pressure from application for entrance into the WTO and negotiation with the U.S. under the Bilateral Trade Agreement are the main forces from an external perspective. The thesis shows how both external and internal factors contributed to and interacted with each other in the enactment of the VCL (2004). It finds these forces were harmonized in a way that met Vietnam’s international obligations and desire for deeper integration with the global economy while also meeting the requirements of competition law in a transitional economy. These findings suggest further study on the process of harmonization of external and internal forces in the area of competition policy is needed to understand better the process of introducing competition policy in transitional economies.</p>


2021 ◽  
Vol 22 (6) ◽  
pp. 1436-1455
Author(s):  
Mila Kavalić ◽  
Milan Nikolić ◽  
Sanja Stanisavljev ◽  
Dejan Đorđević ◽  
Mladen Pečujlija ◽  
...  

In this paper the impact and predictive effects of knowledge management on financial performance are analysed. The research also includes an analysis of the moderating effects of two moderators (National Origin and Enterprise Size) and their relationship. The data was gathered by interviewing 520 managers from manufacturing companies operating in Serbia. The most important conclusions of the research are: 1. High levels of knowledge management positively influence business performance, quality and competitiveness. 2. Financial performance is mainly influenced by the dimensions connected to the effects of knowledge management regarding its implementation and protection and the acquisition of competitive advantages. 3. Knowledge management strongly influences the market aspects of business, but also the increase of fixed assets. 4. Knowledge management has a slightly greater impact on financial performance in foreign enterprises (operating in Serbia) compared to domestic (Serbian) enterprises. The situation is similar when comparing medium and large enterprises (a higher impact) with small enterprises (a smaller impact). 5. The greatest effects are achieved when an effective organizational structure is in place, when the organization protects its knowledge, when it manages to materialize the knowledge gathered in the form of the efficient application of knowledge.


SAGE Open ◽  
2021 ◽  
Vol 11 (4) ◽  
pp. 215824402110615
Author(s):  
Kaliyev Kalizhan Sagatbekovich ◽  
Mira Nurmakhanova

Given that banking in economies of transition fluctuate heavily, we explore the effect of regulatory norms on performance of banking industry. In particular, we examine the effect of Reserve Requirements, Activity Restrictions, and Capital Stringencies on the overall industry profitability and stability of the financial institutions. We utilize the Generalized Methods of Moments methodology to the panel data regressions over 17 different transitional economies during, and after the crisis period of 2008 through to 2019. Our results show that the Reserve Requirements regulatory norm is the only significant factor that improves the profitability and diminishes the risk of financial instability. The findings are confirmed with our tests over the regional sub-samples. This research sheds the light on the necessities of political and economic reforms in banking for these markets in transition.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Robert Zacca ◽  
Saad Alhoqail

Purpose The purpose of this study is to examine how the adaptive nature of market orientation (MO) and the risk-taking nature of entrepreneurial orientation (EO) might be integrated for a complementary and reinforcing synergetic effect on firm performance within transitional economies. Design/methodology/approach The paper suggests links between the EO and MO concepts and develops propositions informed by prior research and reasonable assumptions. The propositions aim to spur future research to uncover further evidence that validates the testable hypothesis. Findings In particular, the study calls for investigating the interaction effect of EO with MO on new product entry, market intelligence collection and processing competence. In addition, the study proposes research studies on whether EO’s interaction effect with MO will tend to mitigate risk in the development of breakthrough innovation and whether the interacting strategic orientations are creating a synergetic effect towards firm performance. Finally, the study recommends that research models should be tested and understood in consideration of conditions and circumstances from varying contexts, such as the small and medium enterprise sector within transitional economies and the media industry. Originality/value Whilst the performance implications of EO and MO, when modelled separately, have been extensively studied in developed and diversified market economies, studies are in the early stages of investigating the joint effect of EO and MO on firm performance, especially within transitional economies.


2021 ◽  
Vol 32 (3) ◽  
pp. 247-257
Author(s):  
Yuriy A. Doroshenko ◽  
Maria S. Starikova ◽  
Viktoriia N. Riapukhina

The growth in the share of industry in the structure of Gross Domestic Product due to an increase in its competitiveness, causes a multiplier effect of accelerating economic growth, reducing unemployment and developing social and transport infrastructure. All these imperatives actualise the task of deepening the analysis of the level of industrialisation and innovative performance of the national economy and its regions. To achieve this goal, a theoretical analysis of the relationship between industrial growth and innovation activity was carried out, and the problems of industrial growth of the Russian economy were identified. The proposed toolkit is based on assessing the level of industrialization and innovative performance of the region. Based on their comparison, four models of industrial and innovative development are distinguished: model of non-industrial development, model of post-industrial development, model of neo-industrial development, and model of industrial development. According to the results of the study, the structure of Russian regions by the type of industrial-innovative development model is relatively stable and insufficiently progressive. Only a third of the regions have high innovative performance. The lack of the required balance between the development of industrial potential and the innovative productivity of Russian regions is associated with the low efficiency of the applied industrial policy measures. The research results can be useful for assessing the quality of industrial growth of regions in countries with transitional economies.


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