Trend Of Economic Development Research Articles

Research on the development status, problems, and optimization path of green finance in commercial banks

With the green economy gradually becoming the trend of global economic development, green finance has also risen to China's national strategy and become a new blue ocean business for the future development of commercial banks. The development of green finance not only plays an obvious role in improving economic efficiency and realizing the transformation and upgrading of industrial structure, but also plays a great significance role in environmental protection, and realize the harmony and unity of man and nature, which is an important initiative to realize the progress and development of the country.The article firstly points out the problems in the process of green finance development, and analyzes the challenges faced in the process of green finance development. Finally, the article gives the optimized ways for commercial banks to develop green finance from four perspectives, such as learning international law governance experience, introducing the Equator Principles for project evaluation, improving policy support, strengthening government guidance, strengthening product research and development and innovation, and attaching importance to talent cultivation, so as to provide a reference for China to further promote green finance and achieve high-quality development.

A cold chain logistics distribution optimization model: Beijing-Tianjin-Hebei region low-carbon site selection

PurposeThis study reduces carbon emission in logistics distribution to realize the low-carbon site optimization for a cold chain logistics distribution center problem.Design/methodology/approachThis study involves cooling, commodity damage and carbon emissions and establishes the site selection model of low-carbon cold chain logistics distribution center aiming at minimizing total cost, and grey wolf optimization algorithm is used to improve the artificial fish swarm algorithm to solve a cold chain logistics distribution center problem.FindingsThe optimization results and stability of the improved algorithm are significantly improved and compared with other intelligent algorithms. The result is confirmed to use the Beijing-Tianjin-Hebei region site selection. This study reduces composite cost of cold chain logistics and reduces damage to environment to provide a new idea for developing cold chain logistics.Originality/valueThis study contributes to propose an optimization model of low-carbon cold chain logistics site by considering various factors affecting cold chain products and converting carbon emissions into costs. Prior studies are lacking to take carbon emissions into account in the logistics process. The main trend of current economic development is low-carbon and the logistics distribution is an energy consumption and high carbon emissions.

ПЕРСПЕКТИВЫ ЭКОНОМИЧЕСКОГО РОСТА: ПЕДАГОГИЧЕСКИЕ ПОДХОДЫ К ОСВЕЩЕНИЮ ДАННОГО НАПРАВЛЕНИЯ В ВУЗАХ

The paper examines the prospects for economic growth and various pedagogical approaches to highlighting this issue in universities. The author analyzes current trends in economic development and suggests teaching methods and strategies that contribute to the formation of students' competencies necessary for effective participation in stimulating economic growth. In addition, the key aspects of integrating theory and practice into the educational process are discussed, including the use of case methods, project work and simulation games. The results of the study can be useful for teachers and university leaders in the development and improvement of educational programs aimed at training specialists who can effectively interact with the modern economic environment.

Влияние криптовалюты на развитие российской экономики: угрозы и экономические возможности

Current trends in economic development determine the course towards digitalization, which implies the development of entrepreneurship in the format of an electronic environment, marketed digital goods and services. Payments for services and goods in the digital economy are often made in digital currency. However, a number of features of the cryptocurrency, such as full virtuality, the absence of a single repository, control center and emission center; the absolute anonymity of all transactions and others create a number of threats to the stability of the national and global economy. The author states that gaps in Russian legislation in relation to cryptocurrency call into question a number of its advantages, forming them as risks and threats. For example, the existence of an alternative payment system violates the integrity of the national system, in particular, the Central Bank loses the monopoly right to issue money, and the supervisory authorities lose the right and ability to control the money turnover in the country.

Possibilities of applying the cluster approach in the study of the stability of the regional territorial organisation of production areas


 
 
 Various assessment criteria are applied to ensure the sustainability of production sites. These evaluation criteria are based on quantitative indicators and reflect the corrected performance of production areas. Adequate assessment analyses the territorial organisation of production areas, efficient operation, process management, etc. more clearly in the future, and makes it possible to conduct their comparative analysis. One of the methods of such an approach is the cluster. A cluster is a group of objects with similar properties. In English, cluster means bunch, gathering, concentration, and group. From this point of view, the for- mation of the infrastructure organised in connection with the production, which contributes to the increase of competitiveness between the production areas, and the application of an innovative cluster approach are required in this research work. This approach allows the creation of a new product, increases production efficiency, and helps form a sustainable production network. This article presents the analysis of the GDP in Azerbaijan in the period of 1995-2021 carried out taking into account the ratio of the AZN to the US dollar, calculates the volume of GDP per capita, determines the regional trend of economic development, and provides the variability of the dynamics in the fields of the economy in a related manner. Later, all these indicators were summarised, clustering was carried out, coefficient values of quantitative indicators for production areas were determined, and indicators of clustering of production areas for economic regions of Azerbaijan were calculated. Consequentially, the article concludes that the application of the regional cluster approach indicates the potential power of production enterprises, the scale of their activities, economic-geographical relations, etc., which makes it possible to increase regional competitiveness between production areas. Thus, the cluster approach determines competitive advantages related to the organisation and operation of production, stimulates regional development, and can also lead to an increase in revenues to the local budget.
 
 

Cross-Fertilisation Between EU Green Policies and Instruments Applied by Public Management: Dilemmas and Opportunities

This article aims to contribute to discussions held by the academic community that has extensively researched the EU’s green transition. The author underlines that a transdisciplinary approach involving legal, economic, and political tools provide a comprehensive cross-fertilisation methodology. The article observes implications related to EU green policies and public management instruments from two perspectives: the broadening of green transition to socio economic dimensions; and the role of government intervention in economic and green business development to illustrate examples of relevant practices in the EU. The author argues that such a methodological approach can help one to assess the actions and measures related to the green economic and business development trends that require societal support as well as the improvement of economic efficiency at the EU and national level. This contribution offers insights into the concept of green economic transitions and innovation as well as the impact of public services focused on societal change. The article concludes that a decision-making process that is based on a cross-fertilisation approach allows the implementation of green policies in national economies in the most effective manner and, in turn, provides welfare effects due to the enhancement of public administration services in their coordinated actions with entrepreneurial activities and business investments. On a wider regional scale, government/private business green partnership represents a tool that inevitably helps increase the environmental and green competitiveness of the EU and its Member States.

New Russian Economic History

This survey discusses recent developments in the growing literature on the economic history of Russia in the nineteenth and twentieth centuries. Using novel data and modern empirical methods, this research provides important lessons for development and political economy. We address four strands of this literature. First, we present long-term trends in economic development, illustrating that throughout history, Russia significantly underperformed advanced economies, and quantify the human cost of Joseph Stalin’s dictatorship. Second, we discuss studies of imperial Russia focusing on the causes of Russia’s relatively low level of economic development and the 1917 revolution. The third strand of the literature focuses on the Soviet period, explaining its slowdown over time and eventual collapse. The fourth strand documents the long-term economic, social, and political consequences of large-scale historical experiments that took place during both the imperial and Soviet periods. We conclude by discussing the lessons from this research and highlighting open questions. (JEL N10, N30, N40, N60, P20, P30, Z13)

Mode Innovation and Discussion of Enterprise Financial Management in the New Economic Background

The development of the globalized economy has also made enterprise financial management work into a new stage of reform, the; transformation of the market economic system has also made the enterprise financial management work content and mode of change the traditional financial management model has failed to meet the needs of the current enterprise, and even hinder the development of enterprises. In the new economic background promoting financial management reform and innovation is not only the way of enterprise development. It is also in line with the trend of the times, where the article through the trend of economic development and in-depth analysis of the current financial management situation.By analyzing published literature and using the literature analysis method, we summarize the current problems in corporate financial management and propose corresponding solutions to the problems based on the key points of the problems, thereby providing reference and help for corporate development.

ESG and green Innovation

In recent years, with the growing emphasis on environmental protection and sustainable development in society, comprehensive green transformation has emerged as a prominent trend in economic and social development. This transformation not only enables enterprises to achieve sustainable development but also captivates the attention of an increasing number of investors. By analyzing the panel data of listed companies between 2011 and 2021, we found that outstanding ESG performance plays a pivotal role in promoting green technology innovation among enterprises. Within this process, financing constraints serve as a crucial intermediary. This research outcome offers valuable references for promoting green development initiatives among enterprises, enhancing the disclosure system of social responsibility information, and optimizing the efficiency of capital market allocation..

Опыт зарубежных стран по ускоренному социально- экономическому росту и его возможное использование для России

Socio-economic development is a vital strategy for the Russian Federation. In the 33 years after the collapse of the Soviet Union, its gross domestic product (GDP) has increased by approximately 20 %. The average GDP in EU countries has increased by halve for the same period. The US GDP has doubled while some post-socialist European countries have demonstrated a 2.5-time increase, not to mention developing countries (3-5 times) and China (12.7 times). Between 2013 and 2022, Russia’s GDP per capita stayed the same, probably because of the Crimea population. The gross fixed capital formations decreased slightly, and the volume of retail trade turnover and real income of the population went down more sharply. Compared to the Soviet period, Russia has been losing in all indicators of international ratings. Life expectancy, which is one of the main social indicators, keeps decreasing with every decade. In fact, it has been seven years since Russia’s population started to decline. Part one of this article examines the outstanding experience of China, Japan, and South Korea, which have transited from seemingly hopeless backwardness to stable economic and social growth in 30-40 years. However, these countries are so unique in their cultural and historical development that their experience cannot be applied to Russia directly. Part two examines the phenomena of Reaganomics in the USA and Thatcherism in the UK, which allowed each of these countries to overcome a decade of stagnation and crisis to resume socio-economic development based on science, technology, and innovations. Part three examines some cases of large countries that have demonstrated high growth rates over the past ten years despite complex situations in the global economy. The objective was to define the specific strategies these countries appealed to in order to combat the existing negative trends in economic development. The conclusion sums up the useful experience Russia can draw from the abovementioned cases. The author introduces a strategy for accelerated and sustainable socio-economic development of Russia though 2035.

Environmental Corporate Social Responsibility and Environmental Performance: The Role of Green Human Resource Management and Green Transformational Leadership

The environment issue is currently receiving a lot of attention due to the trend of economic development associated with environmental protection, especially in developing countries. Therefore, this study investigates the relationships between environmental corporate social responsibility (ESCR), green human resource management (GHRM), green transformational leadership (GTL), and environmental performance (EP) in Vietnamese manufacturing companies. The study uses partial least squares structural equation modelling (PLS-SEM) to analyze data from 168 managers who are working in Vietnamese manufacturing companies. The study results show that the ECSR positively impacts GHRM, and GHRM positively impacts EP. Furthermore, ECSR has an indirect effect on EP via the mediating role of GHRM, and the influence of GHRM on EP is moderated by GTL. Finally, the findings empirically contribute to the body of literature in the context of ECSR, EP, GHRM, and GTL, utilizing the natural resource-based view theory and the Ability, Motivation, and Opportunity (AMO) theory.

The Role of Russian Non-Resource Export in Technological Sovereignty Achievement of African Countries

The modern trends of world economic development include complicated digital and transformation processes, which create a wide range of risks and challenges to the actual positions of countries in the world architecture. Also, they open new opportunities for competitiveness and welfare improvement of any state or regional groups, in particular by their technological sovereignty creation. The share of African countries in the world trade accounts for 3%, however, the interest in this region, as a foreign trade partner, is increasing. This is driven by the intensity of considerable reserves of natural resources, existing and potential in the sphere of renewable energy sources and of local production involvement in global value chains. All this stimulates to elaborate on their own technologies, mitigating the extent of regional economic dependence on external factors. Thus, the African region continues to attract investors, and from this position, Russia is not the exception. At the moment, amid sanctions and diversification of export flows, African countries are actual for Russian producers and suppliers from the implementation process. This paper highlights the key positions of Russian non-resource commodities to African countries, defines the major markets of sales and also to analyze the role of Russian export in African countries’ technological sovereignty achievement.

Economic prerequisites, development trends and features of the implementation of HR technologies through the prism of digital transfor-mations

Processes of accelerated digital transformations of all spheres of social life are currently the primary trend in the development of the global economy. The rate of penetration and effectiveness of the use of digital technologies in the economy at all levels is a determining factor of its competitiveness and a means of survival, especially in the conditions of modern challenges associated with active hostilities, pandemics, and forced adaptation to threats and obstacles related to it. It should be noted that digital transformation will be the driving force behind the post-war recovery of the national economy. The article aims to determine the economic prerequisites, development trends, and features of implementing HR technologies through the prism of digital transformations. It is emphasized that Digital transformation in personnel management, in most cases, is accompanied by the development of a digital platform that is maintained, a service integrator that ensures the interaction of employers with each other and with the working population, as well as with other digital platforms such as state ones: the "Actions" functionality, the digital platform interactions for business relocation assistance, the automated system "Unified State Electronic Database for Education (EDBO)", Electronic Health Record (EHR), and private: MASTER: Accounting, SMARTFIN.UA, Olyk SaaS, private 24, Liga Zakon, etc. It is substantiated that the competence approach is understood as a system of analytical assessment that allows identifying the correspondence of the potential of the personnel to the goals and priority directions of the organization's development and their results, which are evaluated by economic effects in the conditions of digital transformation. Areas of evaluation of the effects of digitized HR personnel management should cover the effectiveness of personnel work, the work of the HR service in general and its individual divisions, and the effectiveness and feasibility of the implementation of individual HR projects. Based on the calculation of these effects, it becomes possible to monitor the accurate picture of the organization's personnel management, identify the most vulnerable places, and promptly adopt the relevant managerial influences. The goals of the digital transformation of the personnel management system have been determined. The main prerequisites for implementing digital transformations in the personnel management system are outlined. It was determined that the transition of personnel management to the digital environment leads to transforming tasks, essential functions, and the management structure itself. At the same time, the framework of digital transformations, the effects of digital personnel management, and the vectors of their development, as a rule, differ about different industries and spheres of activity. Keywords: Digital technologies, HR technologies, digital transformations, HR processes.

Alternative indicators for assessing structural shifts in the economy

Introduction. Structural changes require a comprehensive assessment of their parameters, since the level of reflection of such analytical data depends on the understanding of the process of transformation of the economic system, and, consequently, the possibility of intensifying the formation of trends in economic development. Depending on the objectives of the analysis, as well as on the amount of available statistical or other necessary information, it is possible to use indices, coefficients and other indicators that identify structural changes in the economy, which are most adapted to the needs of consolidating analytical data. The priority of choosing one or another indicator of structural shifts should be based on parallel comparative calculations of adjacent indices in order to most clearly reflect the processes under study. The purpose of the paper is to study the methodological foundations and features of the use of alternative coefficients for the analysis and assessment of structural changes in the economy. Results. Structural shifts in the economy are the change in the state of related elements of the economic system at different levels of its functioning that are accompanied by qualitative changes in their relationship and are characterized by fluctuations in proportion of their ratio, expressed in quantitative characteristics, which may be due to endo - and exogenous factors. Methods of evaluation of structural changes can be divided into four groups: basic indicators; differentiated indicators; integral coefficients; alternative and baseline indicators of the optimal structure of the economy. The methodical bases of the evaluation of structural shifts in the economy based on integrated groups of indicators, proposals to the methodology of evaluation of some integral coefficients had researched. The paper examines the methodical bases for assessing structural shifts in the economy on the basis of allocation and interpretation of an alternative group of indicators, proposes to improve the methodology for determining some coefficients. Conclusion. It is substantiated that the deepening of research on methods for assessing structural changes in the economy is a necessary prerequisite for the formation of effective directions for managing the structure of the economy and is an important element in ensuring the comprehensive development of the national economy.

Retracted: Research on the Prediction of Port Economic Synergy Development Trend Based on Deep Neural Networks

Retracted: Research on the Prediction of Port Economic Synergy Development Trend Based on Deep Neural Networks

Retracted: Analysis of Regional Economic Development Trends and Strategy Formulation Based on Sensor Data Collection

Retracted: Analysis of Regional Economic Development Trends and Strategy Formulation Based on Sensor Data Collection

Analysis and Outlook of China’s Macroeconomics Situation for the Second Half of 2023

This paper aims to gain an in-depth understanding of China's economic condition and future development trends through the analysis and outlook of the macroeconomic situation for the second half of 2023. This paper has conducted a comprehensive discussion from various perspectives, including economic performance review, future outlook, structural issues, policy recommendations, and risk analysis. By delving into the macroeconomic situation of China in the latter half of 2023, this paper primarily analyzes the existing economic issues in China from the standpoint of reviewing the economic situation in the first half of 2023, addressing structural concerns within industries, and examining potential global risks. Lastly, suggestions for relevant fiscal policies are proposed to address the question of how to sustain China's economic growth trajectory.

Development of a mechanism for strategic management of sustainable development of regional enterprises

The successful implementation of innovation strategies of regional enterprises is determined by the parameters of sustainability of the enterprise as a mini-system and the parameters of sustainability of macro-, meso- and microeconomic systems of which it is an element. The study of economic development trends that determine the possibilities of transition to an innovative model and the peculiarities of the regional innovation system has shown that in order to intensify innovation processes and increase the sustainability of innovation systems, it is necessary to create a mechanism for strategic management of sustainable development of regional enterprises. In an unstable environment, it should be based on the principles of self-organization of complex systems in the process of their adaptation to the changes taking place. First of all, the principle of dynamic equilibrium, a prerequisite for compliance with which is the performance of the main functions in the innovation system by different subjects of innovation activity, which change at the stages of the innovation process. The range of research on strategic management of regional development is quite extensive, but given the current economic situation, the consequences of the pandemic and martial law, this issue needs to be given even more attention, because most regions of Ukraine are unstable and economically unprofitable, so it is necessary to consider special levers, directions that will help to strategically effectively manage regional enterprises and ensure their economic security. The methodological basis of the article is a set of methods and principles of scientific knowledge, general and special methods and techniques used in the study. The theoretical basis of the study is the scientific works of foreign and domestic scholars on sustainable development, economic security, and innovation. The information base is based on official statistics, reporting and accounting information of enterprises, resources and publications of the Internet, and the results of the author's own research. A mechanism for strategic management of sustainable development of regional enterprises has been formed, which includes a system of resources, methods and tools for influencing innovation processes and is based on the principles of selforganization of complex systems in the process of their adaptation to changes in an unstable environment and ensuring economic security, which will allow to coordinate the goals and directions of management of investment, operational and financial activities of enterprises in the region to ensure its sustainable development.

Analysis of community readiness in the process of revitalizing tourism villages: a case study of Sidoharjo Tourism Village, Yogyakarta

Rural tourism has become an alternative concept trend in rural economic development in Indonesia in the last decade. Tourism in rural areas is a business sector expected to improve the economy of rural communities, one of which is in the Sidoharjo Tourism Village located in Kulon Regency, Yogyakarta Special Region Province. According to data from the Tourism Village Network of the Ministry of Tourism and Creative Economy, Sidoharjo Tourism Village is a tourism village with a developing category because of its diverse attractions. However, initial observations show that Sidoharjo as a tourism village product has not fully fulfilled the elements of developing a tourism village ecosystem with a developing category listed in the 2021 Tourism Village Guidelines. Therefore, the revitalization of the Sidoharjo Tourism Village is significant. For that, we need to analyze the readiness of the tourism village ecosystem to support revitalization with the Community Readiness Model approach. Data collection techniques using semi-structured interviews, observation, and literature study. The study's results revealed that the people of Sidoharjo were in the pre-planning stage. This result shows that the residents of Sidoharjo are not ready to support the revitalization of the Sidoharjo Tourism Village into an advanced tourist village. The analysis results also reveal that the tourism village category developed by the government version does not match the facts at the research location. Sidoharjo Tourism Village has returned to being a tourism village in the pioneer category due to the stagnation in the development of tourism products.

Implementation of Bigdata Analysis in Banking: Debt Default, Anti-money Laundering, Investment Behavior Forecasting

With the development of computer science and technology, people live become more and more convenience. The bank's account security and investment system have also become more and more perfect due to the technology. In our article, we will focus on analyzing debt default system, anti-money laundering system, and investment prediction system. In order to know about the structure and operation of the banking system deeply. After studying and research, we understood the law and trend of global economic development in recent years, including the economic turning down because of COVID-19 from 2021, and the recovery from 2023. Besides, we learned several program systems such as ARIMA, AML and KYC solutions and so on, which can be also used in other business fields. In summary, the meaning of writing this article is not only develop our interests, but also learn more about the technology that touches out lives, So, it will be easier for us to manage our finance and understand the operation rule of society in future.