Economically Research Articles

Study on socio-economic status and farming practices of fish farmers in Pachrauta Municipality, Bara, Nepal

An interview-based questionnaire survey was done in 2021 to assess the socio-economic conditions, farming practices adopted, and problems faced by fish farmers and to analyze the cost and benefits of fish farming in the Fish super zone area of Pachrauta Municipality, Bara district. A simple random sampling technique was used to select 60 respondents for the study and the information collected was analyzed and processed by MS-Excel and SPSS. The majority of respondents were male, belonged to the age group of 25–36 years, and had a secondary level of school education. The mean total land holding size was found to be 3.65 ± 2.57 bigha with a total pond area of 1.38 ± 1.08 bigha and a small minority (18 %) practiced contract farming. Most of the farmers were found to have experience of 6–11 years (40 %). The farming system was polyculture and mostly Intensive (60 %). While the use of modern equipment was low (25 %), the majority of farmers (>90 %) practiced regular drying and liming of ponds. Mid-April to Mid-July was the most preferred time of stocking and the big fraction of feed used was locally prepared (70 %). Fertilizer use and Multiple harvesting were also common. Fish farming in the study area was found to fetch an average annual income of 0.95 million NRs. The major problems faced by farmers were Expensive feed (0.67), Lack of quality seeds (0.60), and Lack of proper marketing channels (0.55). Despite the constraints, Economic analysis revealed fish production in the study area as a profitable business with a BC ratio of 2.20 and a high gross margin value (Rs. 1330341.6 per hectare).

Modelling and optimising of MED-TVC seawater desalination plants assisted with electric heaters

One major issue with MED-TVC systems, a widely used thermal-based desalination technology, is their high energy consumption and carbon emissions. This underscores the importance of optimising and integrating these thermal-based desalination technologies with sustainable energy systems to utilize their waste heat and enhance the performance of these plants effectively. This research aimed to optimise and address the environmental challenges of MED-TVC desalination plants in areas with insufficient sunlight, unstable weather conditions, and limited economic resources. To this end, a model of an electric heater for generating thermal energy coupled with an optimized MED-TVC desalination plant was proposed. The MED-TVC section was optimized by incorporating an additional ejector in the final stage of MED-TVC demonstrating an increase of over 11% in evacuating non-condensable gases from the last effect and increasing the product water by up to 14.89%. Regarding the design of the electric heating elements used in electric heaters, the use of one-plus-two U-tubes with helical baffles was more efficient than multi-layer U-tubes with segmental baffles as improved the pressure loss of the thermal fluid by 25% and increased the heat transfer coefficient of the heating elements to 18%. The power section was also equipped with an off-grid system to provide the necessary power for the equipment of the proposed model. In the economic analysis of employing a parabolic trough solar collector and electric heaters, not only were the direct costs of the electric heaters almost equal to just 40 % of the direct costs of the parabolic trough solar collector approach but also the required thermal fluid was 50 % of the solar case.

Climate policy as social policy? A comprehensive assessment of the economic impact of climate action in the UK

AbstractCo-benefits are central to the case for climate action but are side-lined in many economic analyses. This paper presents an evaluation of three dimensions of the costs and benefits of climate change interventions in six urban regions of the UK. Findings indicate that meeting the UK’s 2033–2037 climate targets could yield £164 billion in total benefits. Notably, only 13% of these benefits are financial, in contrast to the 79% of which are social benefits. These social benefits include improvements in public health, reduced traffic congestion, and increased thermal comfort in homes. These results underscore the need for economic evaluations to expand their scope and move beyond the narrow financial cost–benefit analysis that predominates. Moreover, the magnitude of the social benefits underscores the need for integrating social and climate challenges in policymaking. Concurrently, the results demonstrate the sensitivity of the social benefits of climate actions to the normative aspects of empirical analysis. Determining whether emissions reductions in the transport sector, for example, should be achieved through the deployment of electric cars, expansion of public transport, and/or increases in walking and cycling requires both technical analysis and value-based decision making. Ensuring that decision-making processes are deliberate and transparent in empirical analysis is therefore critical. We conclude by suggesting that institutions such as the UK Climate Change Committee and Scottish Climate Intelligence Service should take the opportunity to be more explicit in the normative decisions embedded in their empirical work to demonstrate best practice for the wider research community.

Anticorrosion Performance of Waterborne Coatings with Modified Nanoscale Titania under Subtropical Maritime Climate.

Steel structures located in subtropical marine climates face harsh conditions such as strong sunlight and heavy rain, and they are extremely corroded. In this study, a waterborne coating with excellent corrosion resistance, hydrophobic ability, high-temperature resistance and high density was successfully prepared by using modified nanoscale titania powders and grafted polymers. The effects of three modifiers on titania nanoparticles and waterborne coatings' properties were studied independently. The experimental results showed that the activation index of the modification employing methacryloxy silane reached 97.5%, which achieved the best modification effect at 64.4 °C for 43.3 min. The waterborne coating with nanoscale titania modified by methacryloxy silane exhibited the best hydrophobic effect, with a drop contact angle of 115.4° and excellent heat resistance of up to 317.2 °C. The application of the waterborne modified coating in steel structures under subtropical maritime climates showed that the waterborne titania coatings demonstrated excellent resistance to corrosion, high temperatures and harsh sunlight, with a maximum service life of up to five years. Economic analysis indicated that, considering a conservative three-year effective lifespan, this coating could save more than 50% in cost compared with conventional industrial coatings. Finally, the strengthening mechanism of the polymer coatings with modified nanoscale titania was analyzed.

Economics needs ethics to be relevant for the real world we live in!

It is widely believed by economists and non-economists alike that knowing about and ‘doing’ economics does not involve ethical or moral issues. The typical introductory economics textbook starts with simplified statements about economics being value-free and ethically-neutral. But this is not correct and students need to be introduced to economics differently. This paper makes the case for a more explicit and integrated treatment of ethics in our undergraduate economics programs. The argument has two parts. First, economics and ethics are interrelated because both economists and economic actors hold ethical values that shape their behavior. Second, economic institutions and policies impact people differentially so that ethical evaluations, in addition to economic evaluations, are important. Rather than pretend that economics is value-neutral, our programs must show how these effects can be understood so that more effective economists are graduated from our universities.

Unblocking COVID-19 impact on stock returns

COVID-19 altered global economics activities during the pandemic period and still affects the stock returns. As worldwide resulted, this shift has changed the Pakistani stock returns activities. This study unfolds the impact of COVID-19 on stock returns frequency of pharmaceutical, power generation, technology and communication, and food sectors in Pakistan. To examine the relationship of above-mentioned sectors with stock returns, data were evaluated through event window that included the event dates of the 150-day and 60-day estimating period. COVID-19 has a considerable detrimental influence on stock returns during the post-event interval. The study findings showcase significant negative relationship with stock returns of the above-mentioned sectors. However, the results are contradictory during the second wave of coronavirus infection. Furthermore, the study also substantiates that COVID-19 has significantly affected the stock market performances of Pakistan. Still, the impact on the stock market performances was only for a short period, and it diminished in the second wave of COVID-19 spread in Pakistan. The findings contribute to the research on the stock returns of selected sectors and commodity market impact of a pandemic by providing empirical evidence that COVID-19 has spill-over effects on stock market. This result also helps investors in assessing the trends of the stock and commodity markets during the pandemic outbreak. Managers are encouraged to modify their strategies to maintain stocks of the firm for better performance under the direction of study findings.

Synergistic ferrate(VI) and chlorine for reclaimed water disinfection: Microbial control and chlorine decay mitigation

Chlorination is the most widely used disinfection technology due to its simplicity and continuous disinfection ability. However, the drawbacks of disinfection by-products and chlorine-resistant bacteria have gained increasing attention. Nowadays, ferrate (Fe(VI)) is a multifunctional and environmentally friendly agent which has great potential in wastewater reclamation and reuse. This study investigated synergistic Fe(VI) and chlorine technology for reclaimed water disinfection in terms of microbial control and chlorine decay mitigation. Specifically, synergistic disinfection significantly improved the inactivation efficiency on total coliform, Escherichia coli and heterotrophic bacteria compared to sole chlorination. Synergistic disinfection also exhibited superior performance on controlling the relative abundance of chlorine-resistant bacteria and pathogenic bacteria. In addition, the decay rate of residual chlorine was relatively lower after Fe(VI) pretreatment, which was beneficial for microbial control during the reclaimed water distribution process. Technical and economic analyses revealed that synergistic Fe(VI) and chlorine disinfection was suitable and feasible. Results of this study are believed to provide useful information and alternative options on the optimization of reclaimed water disinfection.

Synergistic ferrate(VI) and chlorine for reclaimed water disinfection: Microbial control and chlorine decay mitigation

Chlorination is the most widely used disinfection technology due to its simplicity and continuous disinfection ability. However, the drawbacks of disinfection by-products and chlorine-resistant bacteria have gained increasing attention. Nowadays, ferrate (Fe(VI)) is a multifunctional and environmentally friendly agent which has great potential in wastewater reclamation and reuse. This study investigated synergistic Fe(VI) and chlorine technology for reclaimed water disinfection in terms of microbial control and chlorine decay mitigation. Specifically, synergistic disinfection significantly improved the inactivation efficiency on total coliform, Escherichia coli and heterotrophic bacteria compared to sole chlorination. Synergistic disinfection also exhibited superior performance on controlling the relative abundance of chlorine-resistant bacteria and pathogenic bacteria. In addition, the decay rate of residual chlorine was relatively lower after Fe(VI) pretreatment, which was beneficial for microbial control during the reclaimed water distribution process. Technical and economic analyses revealed that synergistic Fe(VI) and chlorine disinfection was suitable and feasible. Results of this study are believed to provide useful information and alternative options on the optimization of reclaimed water disinfection.

Off-design performance and economic analysis in coupled binary cycle with geothermal reservoir and turbo-expander

This study presents a thermo-hydro-mechanical reservoir model of the Chingshui geothermal field, coupled with a thermodynamic model of the binary cycle. A one-stage axial turbo-expander was designed and analyzed in three dimensions using ANSYS-CFX. The results were used to train the artificial neural network model, providing the mass flow rate of the working fluid, isentropic efficiency (ηis,exp), and shaft power of the turbo-expander under off-design conditions to the thermodynamic model of the binary cycle. When the mass flow rate of the geofluid (m˙geo) exceeded 30 kg/s, ηis,exp gradually increased from its lowest value over the operation time and approached the design value. The performance of the power cycle degraded substantially owing to the decrease in the production temperature and considerable increase in the power consumption of the injection pump (W˙pgeo). Owing to effect of W˙pgeo, the decrease ratios of the first- and second-law efficiencies at m˙geo = 40 kg/s from the 1st to the 30th year were 5.7 % and 4.2 % for the cycle, and 23.2 % and 21.9 % for the total system, respectively. Finally, six scenarios of decreased m˙geo were examined. The decreased m˙geo had a relatively small impact on the payback period, and significantly affected the electricity production cost.

Energy, environmental, and economic analysis of novel R744/R290 cascade refrigeration systems designed for warm ambient conditions utilizing ejector

There is a growing global awareness about the need to reduce total carbon equivalent emissions and other environmental problems caused due to synthetic refrigerants. The study utilizes cascade refrigeration systems (CRS) with R744 in the low-temperature circuit and R290 in the high-temperature circuit. Two evaporators are present in the LTC; one is direct expansion (DX) type at −40 °C with a cooling load of 70 kW, and other is gravity-fed evaporator at −25 °C with 60 kW cooling load. The study aims to enhance the performance and economic and environmental impact of CRS by incorporating parallel compression (PC) in LTC, a gravity-fed evaporator, and an ejector in HTC. The performance is compared to a baseline CRS system using a flash-gas bypass arrangement (FGB) in the LTC, bypassing generated flash gas to compressor suction. PC in LTC removes flash gas from receiver pressure to cascade condenser pressure in the first suggested CRS. While the second proposed CRS (PCEJ) employs an ejector in HTC over and above PC in LTC. The CRSs demonstrate significant higher COP of 1.43, 1.58 and 1.65, leading to an improvement upto 62.4 %, 79 %, and 86 % over the reference HFC-404A system at 45 °C ambient temperature. SEER analysis also establishes higher year-round efficiency compared to reference HFC-404A by 22 %, 36 %, and 44 %. The total TEWI of FGB, PC, and PCEJ is 43.1 %, 53.2 %, and 53.5 % lower compared to the reference system, indicating substantial potential for lowering global warming when implemented. Economic analysis brings out relative cost comparisons under various measures.

New insight into enhanced carbon recovery from anaerobic fermentation of waste activated sludge with cation exchange resin coupled with NaCl pretreatment

Carbon recovery from waste activated sludge has been attracting considerable attention. However, the migration and transformation patterns of carbon sources between the phases have rarely been reported. In this study, a novel strategy using cation exchange resin (CER) coupled with sodium chloride (NaCl) to enhance carbon recovery through anaerobic fermentation (AF) was proposed. The results demonstrated that CER coupled with NaCl destroyed OH and CO stretching in amide I while promoting the formation of β-sheet and random coil structures, leading to sludge disintegration. This significantly improved the kinetics of endogenous carbon release, resulting in the release of 1146.33 mg/L of carbon from the solid sludge into the liquid phase. Approximately 75.61 % of the initial carbon source was bio-transformed into short-chain fatty acids. Correspondingly, carbon recovery was significantly increased up to 852.23 mg C/L, 4.57 times that of the control. Mechanism exploration revealed that carbon source recovery was significantly elevated by the synergistic effect of CER and NaCl. CER effectively removed high-valence cations from extracellular polymeric substance (EPS), weakening its bridging and adsorption-electro neutralization capabilities, promoting protein deflocculation, and triggering EPS disruption to release extracellular carbon sources. NaCl disrupted the ionic strength and distribution inside and outside microbial cells, creating an osmotic pressure difference that resulted in cell plasmolysis and lysis, ultimately inducing the release of intracellular carbon sources. Economic and carbon emission reduction benefit analyses verified that the CER coupled with NaCl pretreatment is a cost-effective sludge treatment strategy. This study illustrates the carbon source migration and transformation pathways in the CER coupled with NaCl-assisted AF process, providing guidance for sustainable sludge management.

Carbon taxation on high utility transport fuels: An implementation of enviro-economic analysis for the sustainable environment”

The humongous increase in carbon emissions in the past few decades presents an environmental challenge to the scientific community. The current study proposes a method of taxation on high-carbon emission fuels. For this purpose, a comparative enviro-economic analysis is carried out on the three most commonly used fuels (gasoline, Liquefied Petroleum Gas (LPG), and Compressed Natural Gas (CNG)). The speed of the test engine varied from 1800 to 4200 Revolution per Minute (RPM) in increments of 400 RPM. Performance parameters (Brake Power (BP), Brake Thermal Efficiency (BTHE), and Brake Specific Fuel Consumption (BSFC)) were measured using a hydro dynamometer. Emission analysis, including Carbon Dioxide (CO2), Carbon Monoxide (CO), Unburned Hydrocarbons (HC), and Nitrogen Oxide (NOx), was conducted using the TESTO 350 analyzer. The application of Weibull distribution with a 95 % confidence interval, on emission data, explained the adequacy of the data. Among test fuels, CNG emerged as an environment-friendly fuel with an emission reduction of 16, 42, and 43 percent for CO2, CO, and HC in comparison to gasoline. Also, BTHE and BSFC of CNG were better than other alternatives. Moreover, the carbon penalty for CNG fuel showed a price reduction of 32 and 20.8 percent in comparison to gasoline and LPG respectively. The study provides a novel approach to assess the environmental impact of fuels by economic analysis based on emitted carbon quantity. In addition, this very idea is novel in promoting the Sustainable Development Goals (SDG) of the United Nations (UN) through carbon taxation.

An Economic Analysis of Credit Availment for Grape Cultivation and Value Addition from Different Sources in Vijayapura District of Karnataka, India

An Economic Analysis of Credit Availment for Grape Cultivation and Value Addition from Different Sources in Vijayapura District of Karnataka, India

Ecological Costs of A Microbrewery in The Brazilian Northeast

Objective: The aim of this study is to investigate the environmental and economic impacts of craft beer production in the Brazilian Northeast, to evidence the main hotspots and propose mitigation alternatives. Theoretical Framework: Life Cycle Thinking proposes a way of thinking that aggregates systems and preserves their interrelationships, to understand the whole of production systems and identify critical points in their subsystems, processes and flows. Here, environmental analysis was carried out through Life Cycle Assessment and economic analysis through Life Cycle Cost Assessment and Ecological Costs. Method: The methodology adopted for this research includes the use of Life Cycle Assessment to quantify environmental emissions, and Life Cycle Cost Assessment and Ecological Costs to quantify economic impacts in a microbrewery located in the Northeast of Brazil. Data was collected through interviews and questionnaires with those responsible for specific sectors of the brewery. Results and Discussion: The results showed that the main environmental hotspot was the local and regional distribution of beer using a gasoline-powered light commercial vehicle. In terms of economics, beer packaged in stainless steel kegs had the lowest cost and beer in aluminum cans had the highest manufacturing cost. When environmental costs were taken into account, beer packaged in a PET growler obtained the best result and beer packaged in a stainless-steel keg obtained the worst economic result. With the implementation of electric vehicle distribution, in addition to the environmental benefits, there were also economic benefits, especially in terms of environmental costs (ecocosts). Research Implications: The practical implications of this research have shown that the use of electric vehicles to distribute the final product (beer) can mitigate environmental emissions, bringing environmental and economic benefits to the company studied. Originality/Value: This study contributes to the literature by being the first Brazilian study to quantify the environmental and economic impacts of craft beer production and distribution. The relevance and value of this research is evidenced by the fact that it proposes tangible solutions to the hotspots identified.

P-702 New era in donor programs. Is it time to leave behind the antagonist for a progestin-primed ovarian stimulation protocol? Retrospective cohort analysis of 711 cycles

Abstract Study question Are GnRH-antagonist and progestin-primed ovarian (PPOS) stimulation protocols comparable in terms of effectiveness and efficiency in an egg donor program? Summary answer The PPOS protocol would have similar efficacy to the antagonist protocol, despite a slightly lower rate of useful blastocyst, without impact on recipient’s clinical results. What is known already There are numerous studies based on the comparison of oral progestin (P) vs. subcutaneous GnRH-antagonist (A) as pituitary suppressors during ovarian stimulation with gonadotropins, showing similar results in terms of ovarian response and reproductive outcomes in IVF cycles. Limited data are available on the comparison of both protocols in egg donor programs to evaluate their effectiveness and efficiency. Study design, size, duration Retrospective and observational cohort study with 711 oocyte donor cycles included over 18 months (July 2022-Dec 2023). As pituitary suppressors during ovarian stimulation, Ganirelix was used in 394 cycles and Medroxyprogesterone in 317. We obtained 626 reception cycles (369 from A group and 257 from P group). 499 egg-recipients underwent an embryo transfer (309 form A group and 190 from P group). Live birth rates were calculated only over the 192 informative embryo transfer cycles. Participants/materials, setting, methods Variables such as duration of the ovarian stimulation, number of mature oocytes (MII), maturation rate, fertilization rate, useful blastocysts (uBL) rate and their quality (>3BB/≤3BB), clinical pregnancy and live birth rate, have been evaluated. An economic analysis has been conducted for both protocols. Statistical analysis was performed using T-Student and Chi-Square tests. Main results and the role of chance There were no significant differences between groups A and P in terms of: average stimulation days (11.44±1.45 vs. 11.39±1.38, p = 0.62), average number of MII (15.69±7.46 vs. 15.12±7.12, p = 0.30), maturation rate (78.97% vs. 80.01%, p = 0.13), and fertilization rate (68.6% vs. 70.1%, p = 0.15). However, a statistically significant difference was observed in the rate of viable blastocyst formation (uBL/2PN) between groups A and P (70.4% vs. 66.8%, p < 0.05), although there were no differences in embryo qualities obtained (>3BB: 89.4% vs. 90.6%, ≤3BB: 10.6% vs. 9.1%, p = 0.083). Regarding obstetric outcomes, no differences have been found in live birth rates between the two groups (52,4% vs 64,5%, p = 0,11). The cost of the antagonist protocol was significantly higher being 8.48% more expensive than the oral progestin protocol (p < 0.05). Limitations, reasons for caution A regulated randomization has not been used to assign donors to both treatments. The population size, although enough to provide significant differences, could be wider. The number of cycles performed with P are smaller compared to A. Most clinical pregnancy are still ongoing so these data are lacking Wider implications of the findings Besides being more donor-friendly, the progestin-primed ovarian stimulation offers a significant economic advantage. Both protocols have proven similar efficacy. Clinical data are necessary to evaluate the impact of the lower BLu rate on the reproductive outcomes. Trial registration number Not applicable

Economic Evaluation of Using Ultracapacitors in Electric Vehicles

The main challenge of hybridizing ultracapacitors (UCs) with batteries in electric vehicles is their uncertain economic viability, besides their complexity and weight, which should be fully addressed. Therefore, this article determines the general condition for achieving a justified economic system, which is held when the average annual cost (AAC) of a battery‐UC system over a vehicle's useful life is lower than the annual cost of a sole‐battery for a specific system design, energy management strategy, vehicle type, and driving style. As such, the energy storage system is designed in a case study vehicle, and the optimal current distribution is found by dynamic programming (DP) under UDDS, HWFET, and US06 driving cycles. Then, by economic analysis, it is indicated that although adding an UC incurs additional costs, it saves the AAC by improving the battery health and prolonging its lifespan up to a maximum of 15‐year calendar life, which proves its economic justification. Investing in UCs is more economically viable for vehicles with severe driving cycles and high current stress. Finally, the DP optimal trajectory is implemented into an experimental setup under the US06 driving cycle to verify the evaluated strategy.

The Effect of Individual Entrepreneurial Orientation on Entrepreneurial Intention Among University Students

This study aims to evaluate the impact of individual entrepreneurial orientation on the entrepreneurial intention of Algerian university students. Specifically, it focuses on three dimensions of individual entrepreneurial orientation: risk-taking, innovativeness, and proactiveness. To achieve the main purpose of the study and test its hypotheses, the researchers employed a descriptive-analytical method, and a survey was conducted using a questionnaire on a sample of 333 second-year master’s students at the Faculty of Economics, Commercial and Management Sciences in Jijel University. The questionnaire consists of 15 statements: 3 – regarding risk-taking, 3 – innovativeness, 3 –proactiveness, and 6 – individual entrepreneurial orientation. The opinions of the sample (students) were measured using a five-point Likert scale. Cronbach’s alpha coefficient was applied to test the reliability of the study instrument. To test internal consistency, Pearson’s correlation coefficient was calculated to measure the correlation between each questionnaire item and the dimension to which it belongs. Variance Inflation Factor (VIF) and the Durbin-Watson test were also relied upon to ensure the independence of the independent variables and the absence of multiple linear correlation or autocorrelation between the residuals. Multiple regression analysis was used to evaluate the effect of the independent variables on the dependent variables to test the study hypotheses accurately. The predictive capacity of the regression model is confirmed by the results of the ANOVA regression analysis. Statistical analyses were carried out using SPSS, version 28. The findings indicate that both risk-taking and proactiveness have a direct and positive influence on entrepreneurial intention. However, innovativeness does not demonstrate any statistically significant effect on entrepreneurial intention. In light of the obtained results, a set of recommendations meant to foster the individual entrepreneurial orientation and entrepreneurial intention of university students was proposed.

Management in Education: Competitiveness and Above-Professional Approach

To study the whole range of problems that should be resolved in the process of innovation management in education it is necessary to realize that teaching is flexible, supple and requires continuous research. The goal of the article is to corroborate rightness of theoretical vectors by permanently changing practice. Theoretical and methodological foundation of the step-by-step research presented in the article is formed by principles of economic and comparative analysis, methods of induction and deduction and finally the method of archive search. The authors proposed an innovation approach to achievements in the field of education and showed the efficiency of Russian experience of well-known economists and experts in economics, psychology and sociology.

Milk Quality and Economic Sustainability in Dairy Farming: A Systematic Review of Performance Indicators

The dairy industry plays a vital role in the global food system, providing a wide range of dairy products that are consumed by millions of people worldwide. Dairy farming provides a daily source of income, creating employment opportunities not only on farms, but also in transportation, milk processing, and the agricultural supply and services sectors. The increasingly pressing challenges and the high competition in the dairy industry, particularly in saturated markets, emphasize the importance for farms to undertake a comprehensive economic sustainability analysis that extends beyond mere yield monitoring. Empirical studies have found a weak adoption of robust performance measurement and control systems in dairy farms. Given the intricate macroeconomic landscape in developed nations and the imperative to address the multifaceted challenges of the industry, this study employs a systematic literature review (SLR) to evaluate whether academic research offers adequate guidance on economic performance indicators. The study finds out that the current repertoire of indicators, while relevant and partially related to quality attributes, fails to encapsulate the intricate interplay of variables and the nature of economic sustainability, highlighting the need to adopt additional indicators into the dimensions of operational efficiency and effectiveness, strategic investments, and financial strength.

Management in Education: Competitiveness and Above-Professional Approach

To study the whole range of problems that should be resolved in the process of innovation management in education it is necessary to realize that teaching is flexible, supple and requires continuous research. The goal of the article is to corroborate rightness of theoretical vectors by permanently changing practice. Theoretical and methodological foundation of the step-by-step research presented in the article is formed by principles of economic and comparative analysis, methods of induction and deduction and finally the method of archive search. The authors proposed an innovation approach to achievements in the field of education and showed the efficiency of Russian experience of well-known economists and experts in economics, psychology and sociology.