Success factors for demonstration projects of small-scale stationary fuel cells in residential buildings

Worldwide small-scale micro-CHPs account for the largest share in the fuel cell market by units of installation (not by installed power output). Notably, the Japanese Ene-Farm program is responsible for over 400.000 micro-CHP fuel cell installations (until the end of June 2021). This is the largest worldwide deployment program and it reflects the long- and outstanding commitment of both the Japanese government and the Japanese industry to form a ‘Hydrogen Society’. In Europe, the situation is entirely different. European projects like PACE financed by the European joint undertaking for hydrogen and fuel cells give a positive impulse for fuel cell based micro-CHP, however it has to be judged as insufficient for a market transformation measure. Presently, only Germany, notably by the KFW433 program, is providing frame conditions for a rollout of fuel cell based micro-CHP systems. This article analyses the success factors for the implementation of Ene-Farm systems in Japan. It compares the different frame conditions of Japan and European countries like Austria and discusses the question whether an Ene-Farm project based on the Japanese success factors could be replicated in Austria. On a bird’s eye, a European perspective will be derived from the analysis.

INSURANCE MARKET TRANSFORMATION DURING PANDEMIC PERIOD

The article is devoted to the research analysis of the current patterns of development of the insurance system during the pandemic. Insurance is an integral part of the life of every person and enterprise. In this paper, studies of insurance as part of the economy in a pandemic are carried out. The problems of the work of insurance organizations in the conditions of a pandemic are identified, as well as ways to solve them are outlined. Summing up, we can say what big changes have taken place not only on the economy market as a whole, but also on insurance.

Effect of Exogenous Factors on Transformation Processes in the Russian Agro-Industrial Complex

The purpose of the research is to study the trends of transformation of forms of management in the Russian agro-industrial complex in the conditions of preserving the general contradictions of the development of small and large forms of management. The main objective is to analyze the Russian agro-industrial complex. The subject of the study is the forms of management and the trends of their development. The last two decades are considered as the main time horizon of the study. The study made it possible: firstly, to reveal a stable tendency towards the predominance of large farms in the structure of production and the dynamics of output volumes given the existing institutional factors; secondly, to determine scenario forecasts (conservative, basic and optimistic) of the main trends in the further development of small and large forms of management; thirdly, to show the influence of the phenomenon of a global pandemic on transformation processes in the Russian agro-industrial complex. The relevance of this study is since during the thirty years of the market transformation of the national system of agrarian relations, significant changes have occurred among the main economic entities: especially in the issues of the evolution of the content, motivation of activity, sustainability factors and classification criteria for economic entities engaged in the production of agricultural products. These processes are reflected in the solution of common strategic problems: issues of ensuring both national food security and global food security issues

The Reasoning of a Responsible Investment Position in the Structure of the Stock Exchange Market

Purpose: To substantiate the place and role of the responsible investment in the structure of the stock exchange market. Methods: Structure-functional in order to form an idea of the structure of the stock exchange market, determining the place and role of responsible investment elements in the stock market organization; systematic analysis to identify current trends and patterns in the functioning of the socially responsible investment segment by geographical regions of the world; statistical and graphical methods for quantitative and visual presentation of the results of the stock market sectors analysis, represented by responsible investment elements. Findings: The definition of «responsible investment» and «stock market» has been clarified; a number of subjects, objects and forms of responsible investment, which are elements of the stock market, are singled out and substantiated; the generalization of activities of stock exchanges in the field of responsible investing is carried out; the dynamics of stock market sector indicators, which are represented by elements of responsible investment, are analyzed; key reporting standards used by stock exchanges in disclosing ESG issues are analyzed. Theoretical Implications: A comprehensive assessment of the functioning of socially responsible investment segment as part of the stock market is carried out, the place and role of responsible investing in the stock market structure are substantiated, which creates a basis for the development of effective measures to increase the stock market efficiency of Ukraine and its transformation into an effective and stable source of investment resources. Future Research: The results can be used in the context of further study of the stock market transformation in Ukraine on the basis of a socially responsible trajectory and fractal analysis. Paper Type: Theoretical. The study was performed within the state budget research «Fractal model of the stock market transformation in Ukraine: socially responsible investment to achieve the Sustainable Development Goals» № 0121U100473.

Resource Opportunity in China’s Market Transition and Governance: Time Factor in Urban Housing Inequality

Since China’s reform and opening up, the country’s rapid marketization process has been accompanied by the rapid growth of inequality, which has been significant for all classes of society. In terms of its impact, housing inequality is particularly noticeable. In this paper, we discuss the influence of real-estate purchase time, organization, human capital, and political capital on the value of real estate and the appreciation of real estate in China by using a conditional mean model and a quantile regression model. The differences in the degree of influence of these factors on different quantile levels are also investigated. We found that, after adding the time factor, the prior possession of resources in the early stage of market transformation will benefit the long-term marketization process. Organizations that can penetrate “market-redistribution” and professions that directly participate in the distribution of real-estate resources also have significant advantages in this regard.

Traditional Market Transformation Into Digital Market (Indonesian Traditional Market Research Library)

For many centuries traditional markets have become the economic strength of Indonesian society where trading business actors gather to carry out buying and selling transactions. Along with the development of the era, the advancement of information technology is developing very rapidly and changing many patterns of people live from various aspects of life as well as trade. In conventional trade, relying on traditional markets is considered inefficient considering the too long distribution channels of goods and the emergence of additional costs in trade, which causes a high cost economy. The shift of traditional markets to digital markets is an inevitable demand. This study discusses Digital Transformation in traditional markets and how the process should take place to provide some solutions to existing problems. The method used in this research is library research. The research locations are traditional Indonesian markets. Sources of data in this study were collected by collecting methods through literature, scientific publications, information from the internet. The data is induced and concludes the arguments that are made. The findings of this study are: The digital transformation of traditional markets to digital markets has not been fully carried out in Indonesia. Solution: Traditional market players are starting to open up to the online market. It is time for the government to build online infrastructure to move traditional markets to digital markets, although not completely so that marketing efficiency and convenience can increase overall welfare.

Russian Labour Market Amidst Coronavirus Pandemic

The article reflects the results of a statistical analysis of signifcant changes in the Russian labour market in 2020 amidst the spread of coronavirus infection. The study presents the results of a labour force survey organized for the frst time in Russia (following the ILO recommendations) through telephone interviews of respondents based on a representative sample.The author analyzed the transformation of the Russian labour market in both the Russian Federation as a whole and regions using different group forming criteria, in particular, types of economic activity, sectors of the economy, various socio-demographic characteristics of the population (gender, age, place of residence, etc.). The paper outlines the dynamics and structure of employment (including part-time work) and unemployment, as well as the results of a comparative analysis of the unemployment rate in Russia and a number of foreign countries. Other indicators of labour underutilization, including the potential labour force, are considered.To conduct a comprehensive analysis of the effects of the pandemic on the Russian labour market transformation indicators of dynamics of employees' wages are considered along with indicators of employment. At the same time, special attention is given to the analysis of the situation of personnel remuneration during the most severe period of the viral pandemic – in April 2020

Organization of electricity and capacity supplies: experience and practice of reforms in a particular region

The article examines the process of formation of the power supply industry in the 2000s using the example of a separate region. The market transformation of RAO UES was carried out under the slogan of increasing the efficiency and reliability of interaction between the economy and the energy sector. However, in practice, the creation of the energy market faced many problems, the specifics of the “special product” electricity, network problems, institutional and other problems. On the example of the Altai Territory, the genesis of the territorial power supply system is shown within the framework of the general concept of market reform of the electric power industry. On the basis of real data of the supplier of last resort and the real consumer of electricity and capacity, a retrospective of the relationship of these entities in practice is shown. The dynamics of the average price for electricity is calculated and its quite significant growth is shown for the entire post-reform period of observations.

Migrant Workers on the Russian Labor Market During the COVID-19 Pandemic – Contradictions Between Business Interests and Real Politics

The article proposes a methodology for analyzing labor migration and employment in Russia in the context of the labor market transformation situation during the COVID-19 pandemic. The purpose of the article is to review the available data on the problems of the labor market and substantiate the objective need for foreign labor based on the forecast of the balance of labor resources and sociological surveys of the population and employers of Russia. The practical significance consists in identifying new trends in labor relations between employers and foreign employees and current business requirements for labor resources from abroad.

The development of domestic agroreclamation sphere through the prism of institutional and organizational transformations

Based on the study of the processes of organizing the management of land reclamation activities that took place in domestic practice during the XX– beginning of the XXI centuries, the main directions of the transformation of the land reclamation sphere, which had both positive and negative content in the context of ensuring its sustainable development, are shown. Special attention is paid to the analysis of the consequences of the market transformation of this sphere, which took place in the 1990s. In this context, the main tasks of ensuring the sustainable development of domestic land reclamation are identified, the solution of which will allow it to successfully adapt to changing environmental conditions.