Driver Of Economic Progress Research Articles

Cooperation and Collective Action as Strategies for The Development of Haitian Agriculture

Objective: The objective of this study was to understand the beliefs of Haitian citizens about collective action and cooperativism to assist in the economic development of Haiti through family farming, using Mancur Olson's Collective Action Theory as an analytical theoretical framework. Theoretical framework: The study is based on the "Collective Action Theory", as developed by economist Mancur Olson in his work "The Logic of Collective Action". The theory proposes a model for the construction of collective actions based on the understanding of group needs and the ability to achieve challenging goals. Method: The study is characterized by a qualitative case study, conducted in the interior of "Cayes Jacmel," Haiti, using intentional sampling for interviews with forty Haitian farmers. Results and conclusion: The study observed that family farming depends on the implementation of new technologies and a credit system to boost agricultural practices. The study concluded that cooperativism and collective action in the Haitian context have the potential to boost the development of family farming and promote economic, political, and social progress. Research implications: The study provides critical insights into Haitians' perceptions of collective action and its role in economic development. It underscores the importance of cooperation, challenges political structures, and highlights the need for international aid aligned with sustainable agriculture. Originality/value: The study's originality lies in its focus on collective action as a driver of economic progress, aligning with the scope of the RGSA. The study's value extends to its potential to shape socio-environmental practices within Haitian society.

Decoding startup failures in Indian startups: Insights from Interpretive Structural Modeling and Cross-Impact Matrix Multiplication Applied to Classification

PURPOSE: Start-ups are widely acknowledged as crucial catalysts for innovation and drivers of economic progress. However, their vulnerability to failure continues to pose a persistent and significant obstacle. In light of this, the study intends to ascertain the various elements responsible for the elevated incidence of start-up failures and examine their contextual associations. It further aims to establish the hierarchical structure and identify the crucial factors of start-up failure. METHODOLOGY: The paper uses the Interpretive Structural Modeling (ISM) approach to determine the structural hierarchy and interconnections among the causes of start-up failures identified through the comprehensive analysis of existing literature and experts’ opinions. MICMAC (Cross-Impact Matrix Multiplication Applied to Classification) analysis is also being utilized to categorize these identified failure causes into autonomous, independent, dependent, and linking factors by their driving and dependency powers. FINDINGS: A structural framework depicting the interrelationships among the factors has been derived, showing the failure factor, ‘poor market positioning’ factor at the highest level, and the ‘lack of entrepreneurial efficiency’ at the lowest level of the model. The results also revealed that lack of entrepreneurial efficiency, poor management, and external environmental issues are the most significant independent factors upon which all other failure factors rely. It also categorizes ‘poor market positioning’ as the dependent factor, signifying its passive role in the failure of start-ups. IMPLICATIONS: As previous literature has discussed the various factors responsible for the failure of start-ups in isolation, the current study fills out the gap in the literature by establishing linkages among those factors. The study’s insights emphasize the value of effective management teams and entrepreneurial skills in averting start-up failures. It highlights the importance of skill development and mentorship to enhance the capabilities of entrepreneurs and their teams. Furthermore, the research indicates that policymakers and support groups can create focus initiatives addressing issues like market validation, team dynamics, and financial management to enhance the start-up environment. These initiatives may encompass entrepreneurship training, financial assistance, and mentorship through the ‘Start-up India’ Program, Bharat Fund platform, etc. ORIGINALITY AND VALUE: Previous studies on entrepreneurial failure are based on AHP (Analytical Hierarchical Process), content analysis, and quality management methodologies. This is potentially the first study using the ISM-MICMAC approach that explores the complex world of start-up failures in India and illustrates the relative influence and interdependence of various failure factors of start-ups through a hierarchical model.

Key Success Factors Influencing the Sustainability of University-Industry Partnerships in South Africa

Due to the inability of stakeholders to address local and global challenges independently, there is a rising need for partnerships between academia and industry. Higher education institutions are key role players in developing future employees, necessitating intervention strategies with industry. Conversely, industry is eager to absorb these employees in an effort to identify solutions to their ongoing concerns. As a result, establishing symbiotic relationships with one another becomes critical, since such partnerships have been known to address a wide range of challenges. This study, therefore, investigated factors that influence the sustainability of university-industry partnerships by means of a quantitative survey applied to exit-level higher education students and industry managers. A hybrid questionnaire was used to collect data, incorporating open-ended and closed questions. Some of the survey findings include solidification of contracts, dynamic stakeholder engagement, strategic planning initiatives and fostering commitment, resulting in re-engineered business processes and bespoke education. These findings have significant implications for the long-term viability of university-education partnerships. As a result, it is critical for stakeholders to prioritise investment in these partnerships recognising their significance as catalysts for innovation and drivers of economic progress.

A STUDY ON INTELLECTUAL PROPERTY RIGHTS AND ITS SIGNIFICANCE FOR BUSINESS

All nations may realize intellectual property's potential as a driver of economic progress and social and cultural well-being with the aid of an effective and equitable intellectual property system. This study carried out completely based on secondary data and focuses not only on the overview of IPR and its origin but also takes a deep look into the various types of Intellectual Property Rights and its significance in the context of business. To analyze IP contribution towards Indian economy data was collected from WIPO statistics database which was last updated in 2021. Intellectual property protection is the primary engine of economic growth and development in the high technology sector. They support societal progress, economic expansion, and technological improvement.

Impact of Selected Macroeconomic Variables in Economic Growth: Empirical Study in the Philippines

This study investigates the relationship between foreign direct investment (FDI), household final consumption expenditure (HFCE), gross national income per capita (GNI), and the GDP growth rate in the Philippines. This study uses OLS estimation with annual time series data spanning 1981 to 2021 to assess the impact of these variables on the nation's economic progress. The Philippines' economy has developed significantly in recent years. Because the GDP growth rate is an important indicator of economic progress, policymakers must understand the factors that contribute to it in order to sustain economic growth. The study's findings offer important insights into the drivers of economic progress in the Philippines. Understanding the impact of FDI, HFCE, and GNI per capita on GDP growth rate enables policymakers to make informed decisions that encourage sustainable economic growth and increase the well-being of the entire population.

Disaggregated energy use and socioeconomic sustainability within OECD countries

This study investigates the relationship between disaggregated energy use, human development, trade openness, economic growth, urbanization, and sustainability index in OECD countries from 2014 to 2019. Static, quantile, and dynamic panel data approaches are employed. The findings reveal that fossil fuels such as petroleum, solid fuels, natural gas, and coal decrease sustainability. On the contrary, alternative sources such as renewable and nuclear energy seem to contribute positively to sustainable socioeconomic development. It is also interesting to note that alternative energy sources strongly influence socioeconomic sustainability in the lower and upper quantiles. Also, the human development index and trade openness improve sustainability, while urbanization seems to be an obstacle in complying with sustainability goals within OECD countries. Policymakers should revisit their strategies toward sustainable development by mitigating fossil fuels and urbanization and promoting human development, trade openness, and alternative energy sources as drivers of economic progress.

THE IMPACT OF TECHNOLOGICAL INNOVATIONS ON THE COMPETITIVENESS OF THE TELEMATIC COMPANIES

Innovation is an important driver of economic progress, benefiting consumers, business and the economy as whole. However, innovation companies face high risks because innovation requires a lot of resources, and it is difficult to predict a payback period in advance. This is common for all types of innovation, but especially to technological innovation. One of the least researched technological innovations is telematics, innovative transport monitoring and control technology solutions. Those are widely applied in logistics, car-sharing platforms and the public transport sector. These innovations help to achieve the goals of the companies that buy and install them, but question what impact they have on the competitiveness of the companies that create these innovations remains a matter of debate. To fill this gap, the purpose of this article is to determine the impact of technological innovation on the competitiveness of telematics companies. In pursuit of this goal, the concepts of technological innovation and competitiveness are revealed. The definition of telematics innovation and its significance for the competitiveness of enterprises was also formed. The empirical part discusses the telematics market, provides the analysis of the main competitiveness indicators of 8 telematics companies and their changes, as well as the analysis of the research and development (R&D) costs and the impact of innovations on competitiveness. Applied research methods: a critical analysis of scientific literature, generalization, systematization of data, computation, and comparison of relative indicator, data dispersion indicator, and dynamics indicator, correlation, and regression analysis. The research reveals that creation and development innovation are related to competitiveness of telematics companies. However, excessive investment into innovation no longer generates positive return.

Infrastructure And Development

The existence of infrastructure disparity between regions is considered as one of the factors that drive economic inequality between regions. This happened in areas that had been divided into several districts. Regional expansion is the formation of new administrative regions at the provincial level as well as cities and regencies from their parents. The most prominent reason in the discourse of regional expansion is that some regions are considered to have too large an area so that efforts are needed to facilitate administrative services and bureaucratic pruning by division /pemekaran (Koswara, 2001). Efforts to accelerate regional development can be implemented by increasing economic growth. One of them is to encourage infrastructure development in areas (districts) that are far from the provincial capital, due to the topography of the region, there are hills, valleys, swamps, and forests, thus encouraging an increase in the potential of an area / region on an ongoing basis. Infrastructure is a driver of economic progress. From the allocation of public and private financing, infrastructure is seen as a locomotive of national and regional development. Infrastructure also has an important influence on improving the quality of life and human well-being. This study aims to see whether the infrastructure of sanitation, water, electricity has a significant influence and contribution to economic growth in the regencies / cities of Papua province. This research method uses panel data regression with Random Effect Model (REM).

Openness in Research and Development: Co-patenting Impact on Breakthrough Innovations in the Pharmaceutical Industry

Breakthrough innovations are crucial drivers of economic progress, often depending on external knowledge sources to complement internal knowledge. Co-patenting is one way to achieve this by implementing open innovation within research and development. The purpose of this paper is to explore the impact of co-patenting on breakthrough innovations in the pharmaceutical industry. A research question is tested empirically using an archival dataset comprising 866 patents in Pharma. The findings show that co-patenting has a significant positive impact on breakthrough innovations. Short of previous investigation, this paper provides new empirical insights on the open innovation and co-patenting levels, leading to both academic and practical implications on the field.

Paradigms and paradoxes: the futures of growth and degrowth

PurposeThe purpose of this paper is to introduce three storylines that address the relation between economic growth, technical innovation and environmental impact. The paper assesses if and how these storylines as guiding visions increase our range of future orientations.Design/methodology/approachThe paper first explains its general outline and then explores different strands of literature to arrive at its analytical conclusions.FindingsPursuing the three storylines in a paradigmatic articulation creates paradoxes. The growth paradigm focuses on economic growth as its main goal. To overcome environmental degradation, products have to be substituted by environmentally friendly alternatives, but the continuous substitution of finite resources seems unlikely possible. The storyline of innovation sees technological development as a driver of economic progress, and holds that innovations allow the decoupling of economic growth from environmental impact, a claim that is compromised by the occurrence of rebound effects. The degrowth storyline holds that economic growth has to be stopped altogether, but is unclear how this can be done.Originality/valueBy articulating paradigmatic perspectives as storylines, a new understanding on how these perspectives can be figured as a constructive repertoire of guiding visions and not as mere theory-based descriptions.

CИСТЕМА ДіР ТА СТРУКТУРА ДЕРЖАВНОЇ ПІДТРИМКИ ІННОВАЦІЙНОЇ ДІЯЛЬНОСТІ НІМЕЧЧИНИ

Innovation can make a difference in addressing urgent developmental challenges such as providing access to drinking water, eradicating neglected diseases or reducing hunger. The transfer and, when necessary, adaptation of technologies developed in developed countries can often contribute significantly to these goals. Undoubtedly the capability to innovate and to bring innovation successfully to market will be a crucial determinant of the global competitiveness of nations over the coming decade. There is growing awareness among policymakers that innovative activity is the main driver of economic progress and well-being as well as a potential factor in meeting global challenges in domains such as the environment and health. Not only has innovation moved to centre-stage in economic policy making, but there is a realisation that a co-ordinated, coherent, “whole-of-government” approach is required. Germany is one of the countries leading innovation development not only in the EU, but also on the world stage. Its innovative system is distinguished by a high level of efficiency and productivity, focused on modern development trends. Certain features of the innovative development of Germany and the role of state regulation in it will highlight positive lessons for Ukraine and implement the German experience at the national level.

Organizational learning for sustainable development: Correlation with the national culture dimensions framework

Knowledge has become a key resource and the driver of economic progress. The distribution of welfare in the world demonstrates that the richest countries are the ones that have the knowledge, not natural resources. Creating a knowledge-based society is the foundation for sustainable development. Key factors influencing the creation of a knowledge-based economy are investments in education, research and development and application of new technologies. Nevertheless, culture, attitudes and values that affect people’s commitment to continuous improvement and learning, can also play an important role in creating a knowledge society for sustainable development. In this paper authors are making an attempt to identify the basic values of employees in several Serbian companies by means of factor analysis approach, with special emphasis on the national cultural dimensions framework and its utility.

Institutional Shackles to Entrepreneurial Development Among the Ethnic Groups in North East India: A Study on Entrepreneurial Environment in Poumai Naga Ethnic Group

The continuing underdevelopment of the Ethnic Groups in North East India in the face of fast growing Indian economy needs a critical study on various aspects of the Ethnic economic behavior in relation to socio-cultural environment, which not only envelops them but also determines their economic decision choice. The question of why the Ethnic Groups of North East India continue to remain underdeveloped has been at the center of recent debates but they are mostly centered around insurgency, government’s failures, physical and monetary factors, and other economic factors. Entrepreneurship is something new or alien to these ethnic groups and its issues are hardly studied at ethnic level, though entrepreneur is widely agreed as the prime driver of economic progress and development. The study attempts to identify and examine those social-cultural and attitudinal elements of the Poumai Naga Ethnic Group which inhibit them from seizing opportunities available to them and successfully go through various self-employment activities or manage the ongoing small retail businesses. The over all institutional environment indicates the following characteristic features; (1) persistent, complacent and contended economic behavior, (2) lack of basic business skills, (3) indifferent social attitude towards entrepreneurs and social stigmatization of unsuccessful businessmen, (4) lack of social support to and encouragement for entrepreneurship, (5) very high cost village financing and (6) lack of successful entrepreneurial role model in village.

The Challenge Ahead: Maintaining a Focus on Incentives to Enable Development

The Millennium Challenge Account's (MCA) focus on results and creating incentives for developing countries to enact good policy continues to hold promise for a well-needed change in government-driven international development assistance. The continued success of the MCA will depend on the ability of the leadership to allow the mission - to reduce poverty through growth - to guide decisions. The Criteria and Methodology for Determining the Eligibility of Candidate Countries for Millennium Challenge Account Assistance in FY2006 reemphasizes the MCC's commitment to economic freedom and a strong entrepreneurial environment as the driver of economic progress. However, it also contains troubling proposals for new indicators that lose sight of this focus. With so many problems surrounding development, it is tempting to construe the MCA as a new fix-all for development. However, this will not help developing countries or the MCA. Economic development brings social benefits such as better health, a clean environment, and quality education. The MCA must continue to encourage countries to enact policies that create the conditions for economic prosperity. If, rather, it attempts to stimulate the consequences of development before addressing its causes, it is almost assured to fail on both accounts. The process set forward to develop a new Natural Resource Management indicator must be reconsidered, and any new indicators must clearly demonstrate their relationship to the MCC's mission. The MCC needs to reconsider this and similar actions proposed in the report. These actions threaten to: Prioritize narrow interests over economic growth and are likely to achieve neither, Contradict the intent of the legislation that authorized the MCA and undermine its core principles, and Confuse the consequences of development with the causes of development, encouraging economically harmful policy. The importance of clearly articulating good indicators cannot be underestimated. Because of the strong incentives the MCA creates for countries wish to become eligible to receive funds, the MCA's influence reaches far beyond the dollars it spends. Poor choices now will have severe consequences as more countries tailor reforms to the indicators MCC chooses.