Trend Of Economic Development Research Articles

The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR Model

Digital transformation of enterprises is not only a choice to comply with the economic development trend, but also the use of digital technology to reduce costs and increase efficiency is a necessary path for enterprise development. Under the TOE framework, this paper takes digital technology, enterprise digital transformation and digital economy development level as the main variables. By constructing a PVAR model to incorporate the three into the same analytical framework, the dynamic interrelationship and the degree of influence between the three in the time series are empirically examined. The research results show that (1) digital technology, digital transformation of enterprises and the level of digital economy development are causally related to each other and have a mutually reinforcing influence. (2) There are inertia development and self-reinforcement mechanisms among the three variables. (3) Although the interaction among the three variables gradually decreases and tends to zero over time, it still has a strong lag. The research results enrich the dynamic relationship between digital technology, enterprise digital transformation and digital economy development, and provide strategic references for enterprise transformation and upgrading.

A Study of the Economic Growth Quality in the Eastern Regions of Russia and the Northeastern Regions of China

The article presents an assessment result of the economic growth quality in Eastern regions of Russia and the Northeastern regions of China, performed using the eco-intensity indicator and the colors of growth framework. It is shown that during the period from 2011 to 2021, the level of some types of negative environmental impact decreased in both countries. A comparative analysis of eco-intensity indicates that in 2021, Russia surpassed China in terms of emissions of sulfur dioxide and nitrogen oxides per unit of economic result. Positive trends were noted for these pollutants in China and its Northeastern regions: eco-intensity decreased significantly during the analyzed period. The study of trends in environmental and economic development using the colors of growth system showed that the entire trajectory of development of China and its regions in terms of emissions of sulfur dioxide and nitrogen oxides is in the most prosperous zone (the "green" growth zone). At the same time, some Eastern regions of Russia demonstrate negative dynamics: in some years, "black" growth and/or degrowth were revealed. Calculations have shown that in almost all regions of the East of the Russian Federation from 2011 to 2021, the eco-intensity of waste generation increased; the development trajectories for this type of ecological pressure were mainly in the "black" zones. The results obtained in this study allow us to analyze the ecological and economic trends in the development of regional and national economies and can be used in the process of developing strategic documents, including in the context of cross-border cooperation.

Difficulties and Solutions of the Cultivation of Minor Languages Talents under the Background of "Belt and Road"

In the context of the "Belt and Road" initiative, the demand trend of national economic development for minor language talents is further enhanced. In order to ensure the further development of the "Belt and Road" initiative, national higher education departments need to continuously expand the quality of teaching in large and minor languages to meet the needs of market development. However, in the process of cultivating minor language talents, we still face certain difficulties, and need college education to constantly improve the educational model. This paper analyzes the difficulties of talent training in minor languages and tries to put forward countermeasures to optimize talent training to meet the demand for talent in minor languages in the context of the "Belt and Road" initiative.

APPROACH TO RESEARCHING BUSINESS ORGANIZATIONS’ COMPETITIVENESS

The relevance of the issue presented in the paper stems from the trends in current economic development. They pose multiple challenges to researchers when it comes to methods for assessing and analyzing competitiveness of business organizations. The aim of this paper is to present an approach to researching business organization's competitiveness based on highly versatile and adaptive competitiveness evaluation technology. Part of the methods on which the said approach is based are analysis, summary, logical approach, and includes quantitative assessment of indicators used to make comparisons with competitors. The results of the implementation of this approach by researches are associated with a more precise diagnosis of the causes leading to one level of business organizations’ competitiveness or another. A conclusion can be drawn that the accuracy and effectiveness of any research depends on the preparation of a proper set of methods. When researching business organizations’ competitiveness, it is crucial to take account of the extreme dynamics of the developing business environment.

Situation and solutions for the construction industry in the trend of green economic development in Vietnam

The trend of developing a green economy is becoming a global trend and is supported and promoted by many countries and international organizations. The green economy focuses on sustainable development and minimizing negative impacts on the environment and natural resources. Around the world, many countries have launched plans and policies to promote the green economy, including the transition to renewable energy, waste treatment and reuse, enhancing energy efficiency and resources, encouraging the use of green products and services. The construction industry plays an important role in the economy but also contributes significantly to environmental pollution, resource use and carbon emissions globally. Developing the construction industry in a green economy is one of the important approaches to achieving sustainability in the construction sector. In Vietnam, the Government has launched many policies and plans to encourage the development of a green economy. Activities include promoting the use of renewable energy, promoting the use of electric vehicles and green products and services, improving air and water quality, and disposing of waste in a sustainable manner. The construction industry in particular has also begun to transition to a green building model, in which many construction works have been designed and built using international standards and certifications on green construction. However, the development of a green economy, including the construction industry, still faces many challenges, including high costs and lack of resources, as well as necessary changes in the way companies and organizations operate.

Research on the Co-evolution of Professional Managers and Enterprises under the Background of Transnational Technology Transfer in Service Industry

Transnational technology transfer of service industry has become a new trend of international economic development. By using second-hand data, the professional managers of ten service multinational companies from different countries in China are selected as the research objects for empirical research. Taking pthe degree of localization of middle-and high-level professional managers in the multinational companies as dependent variables, and the year when multinational companies entered China, the type of industries, the scale of enterprises and the geographical distance from China as independent variables, this paper deduces by SPSS.18, and makes an empirical study on this basis. The conclusion of this paper is that cultural differences are the most important factors that determine the localization of professional managers serving multinational companies. Geographically close to China, the cultural gap will be smaller than that of countries far from China, and the degree of localization and operation of multinational enterprises will be higher, otherwise, the degree of localization will be lower.

Management of current trends in the development of the global economy

The article defines the directions of development of modern trends in the global economy, gives a brief description of each of them, and proves the importance of managing modern trends in the global economy. The advantages and problems of managing modern trends in the development of the global economy, as well as prospects, are defined. Such trends in the development of the global economy as digitalization, globalization, environmental sustainability, demographic changes, changes in political power, political instability, geopolitical tensions, institutionalization, increasing inequality, inclusiveness, urbanization, changing labor force dynamics, aging infrastructure, change consumer preferences, rapid development of technologies, innovation and entrepreneurship, financialization, transnationalization, regionalization, informatization and intellectualization, knowledge economy, green economy, social economy. The following advantages of managing the trends of global economic development are singled out, such as better planning; increased competitiveness; strengthening of economic growth; expansion of cooperation. Among the problems of managing trends in global economic development, the following are identified: complexity; lack of coordination; unintended consequences; resistance to change. The study of global trends in the development of modern economic systems is of crucial importance for individuals, enterprises and politicians who seek to develop and navigate the challenges and opportunities of the global economy. By understanding these trends and researching them, we can better prepare for the future and work to create a more sustainable and fair economic system for all. The prospects for managing global trends in the development of the global economy are promising, as technological progress and global interconnectedness create opportunities for more efficient and effective management of these trends. Overall, effectively managing global trends in the world economy will require constant innovation, collaboration and adaptation to ensure sustainable and equitable economic growth.

Construction and Implementation of Multi Collaborative Service Platform Based on Industrial Competitive Intelligence

With the economic globalization and the increasingly fierce industrial competition at home and abroad, the importance of industrial competitive intelligence service is becoming increasingly prominent. Under the policy background of cooperation and sharing, pluralistic coordination has become a new trend in regional economic development. The multi collaborative online service platform of industrial competitive intelligence is jointly constructed by all service subjects. The platform is guided and promoted by the government. Colleges and universities provide support for industrial competitive intelligence theory and professionals, scientific research institutes provide talent and advanced technology support, industry associations are responsible for dynamic monitoring of industrial development, and profit-making institutions are responsible for supplementing industrial competitive intelligence achievements. All service subjects integrate and explore existing intelligence resources and services through the unified online industrial competitive intelligence sharing platform, so as to realize benign cooperation, collaborative management, resource integration, user integration and service integration among subjects, so as to realize multiple collaborative services of industrial competitive intelligence.

Research on the analysis of regional economic sustainable development trend based on decision tree classification prediction

Research on the analysis of regional economic sustainable development trend based on decision tree classification prediction

Achieving regional sustainable development: a bibliometric analysis on firm migration

Firm migration has significant influence on the local industrial transformation and regional economic development. Meanwhile, the impetus of globalisation has intensified firm migration, which, in turn contributes to business formation and diversification. Therefore, this study conducts a comprehensive literature review pertaining to this area through bibliometric analysis and further discusses the bidirectional relationship between firm migration and regional economic development. Top-tier journals, important institutes and hot topics are taken into analysis by CiteSpaceV to quantitatively and visually evaluate scientific documents from Web of Science (WoS) published between 2000 and 2017. The results identified that major studies of firm migration mainly concentrate on the USA, the UK and China. Using co-citation analysis, hot topics are found mainly focusing on theoretical research, driving factors on firm migration and related economic phenomena caused by firm migration. Considering the trends, 'Value Chain', 'Environment' and 'Multinational' are possible prevalent research topics in the coming years. For revealing the relationship between firm migration and regional economic development, burst detection and research trend analysis are conducted considering typical economic issues. The results show that firm migration is a significant management decision, which has the capability to provide managerial solutions for governments as a strategy to confront certain economic issues, which in turn, will promote the sustainable development of regional economy.

Trends in the digitalization impact on the economic security of the region

This work aims at studying digitalization trends affecting the economic security of the region. The object of the study is a region considered from the perspective of economic security. The subject is digitalization trends that have a multidirectional impact on the economic security of the region. The main digitalization trends affecting the economic security of the region are identified: the development of the digital economy, including digital business models; increasing the importance of intellectual capital and innovation potential; distribution of network forms of interaction among entities; formation of information threats to economic security; development of digital tools for managing the economic security of the region. During the study, the following effects for the economic security of the region were discovered: the emergence of new economic structures and development trends; the formation of threats caused by the development of digital technologies; the emergence of new opportunities and benefits from digitalization; the presence of threats that impede the development of digitalization at the regional level.

Research on the analysis of regional economic sustainable development trend based on decision tree classification prediction

Research on the analysis of regional economic sustainable development trend based on decision tree classification prediction

Corporate Integrated Management of Groups and Associations of Enterprises

The article is devoted to the theoretical justification and development of methodical support for the formation of the system of integrated management of groups of enterprises. The essence, content and principles of building an integrated management system are revealed. The methodical approach to the implementation of group development tasks based on the coordination of group members’ interests has been improved. The integration trends of economic development are considered. The definition of integrated management as a complex functional management system, which ensures the development of interdependent management solutions, each of which makes its contribution to the overall performance of enterprises and the group as a whole, has been improved. It was determined that the formation of any group of enterprises and the integration of the management systems of its individual members should be carried out on a systemic basis, for which the use of holaric methods of analysis of sub-holistic objects is proposed. It is proposed to consider each enterprise as a separate hierarchical level in the group structure, and the subject of integrated management includes all actions and relations between group members and within each of them. It is proposed to build a system of integrated management based on certain principles, which are proposed to be divided into: general principles of integrated management of a group of enterprises; principles of organizing the integrated management process; principles of organization of integrated management structures; cybernetic principles of managing complex systems. Therefore, the system of integrated management should be implemented on a comprehensive basis, ensuring the interdependent solution of the tasks and obtaining high final results of the activities of all members of the group. Accordingly, it is proposed to consider the group as a set of chains of added value creation and distribution of logistics interaction, in which the members of the group are considered as separate links of the logistics system. Thus, an integrated logistics network is created, the main goal of which is to create such organizational and economic conditions that will allow maximum satisfaction of the requirements of all members of the group by making compromise decisions and overcoming inconsistencies between various elements of the system. To facilitate the construction of such a network, the concept of an integrated supply chain was introduced and the stages of its construction were highlighted, a typology of logistic relationships of group members was developed, and a scheme of interaction between value chains was presented, oriented to the emergence of a synergistic effect for the group as a whole. Based on the analysis of the integration trends of the economy, it was established that in any case, the main reasons for the ineffectiveness of the group association may be either the choice of the wrong partner or the poor management of the new entity. This led to the development in the work of the technology for evaluating the organization and the effectiveness of the group’s activity, based on the calculation of certain parameters and the development of ways to bring the indicators of the group’s activity to the optimal value. At the same time, it is proposed to select several groups of indicators and their corresponding assessment methods. The first group includes indicators of the efficiency of the integrated management system, which reflect the final results of the group’s functioning. The second group of indicators, which characterizes the content of the integrated management process, takes into account the current costs of maintaining the management apparatus and its provision. Another developed group of indicators will characterize the configuration of a group of enterprises and assess the compliance of the SIUGP with the object of management. These are such indicators as: the density of the group, the degree of its centralization, homogeneity, closedness, prevalence, structural autonomy and similarity, the closeness and strength of business ties, the stability of the network. Their calculation will allow a more thorough approach to the solution of the main tasks that arise before the integrated management system.

The Resilience of Russia's Regions in the Conditions of Recovery Growth: Bouncing Forward or Bouncing Back?

The recovery growth of regional economies after shocks can be expressed both in a return to the initial state and in a new development trajectory. Many researchers associate the direction of the movement caused by the shock with sectoral transformations, considering structural proportions in the economy as the main factor in regional resilience. This study aims to analyze the recovery growth trajectory of Russian regions in the post-pandemic period, as well as to find out whether shifts in the sectoral structure of their economies have affected it. The hypothesis of the study was the assumption that the vector of regional development is determined by the changes in the sectoral structure of the region that occurred during the crisis. Research methods included: analysis of the deviations of the actual values of GRP and employment indicators from their possible values, defined as a continuation of the trend of economic development in the pre-shock period; comparison of changes in the indicators of the economic development of regions with changes in the growth rates of individual sectors of the economy: industry, agriculture, construction, transport, trade and services. The results of the study showed significant differences in the speed and nature of recovery processes in Russia's regions. The vast majority of regions returned to the pre-shock trajectory of development. At the same time, some regions could not cope with the shocks of the corona crisis and saw their socio-economic situation worsen, while some showed a “leap forward” with higher development indicators. The author comes to the following conclusions: 1) sectoral transformations of the regional economy during the crisis are not decisive in determining the trajectory of the recovery movement and a “favorable” change in the sectoral structure can be neutralized by the influence of other factors; 2) the high vulnerability of the region's economy and its individual industries to shock events does not mean a longer period of recovery growth. From a practical point of view, this is important for understanding what aspects of sustainability may be relevant for the post-crisis recovery of the regional economy. The theoretical significance of the study is expressed in the expansion of ideas about the factors of regional resilience.

Retracted: Construction of Prediction Model of Ecological Forestry Economic Development Trend Based on Deep Belief Network.

[This retracts the article DOI: 10.1155/2022/9951214.].

The Historical and Political Peculiarities of the Swiss Economic Development until the early 2000s

The study of the historical characteristics of the Swiss economy and its development up to the twenty-first century has not been thoroughly examined by either Soviet or Russian scholars and is highly topical due to the fact that the transformation of Switzerland from a backward economy to one of the most advanced and competitive countries is of considerable interest to the academic community. The goal is to examine and analyse the characteristics of the evolution of a multi-ethnic and multi-confessional union into a federal state, which have directly influenced the development of capitalist relations, the industrialisation of Switzerland, its particular niche specialisation and competitiveness. The author also draws the attention to the political and economic equilibration of the 'neutral' Confederation between the Сеntral Powers led by Germany and Entente countries and Allies and the Axis during the two world wars, which allowed its economy to be safeguarded and successfully grown. A number of factors determining the country's main economic development trends are identified in the article. The conclusion is drawn that there is a linkage between Switzerland's national and regional historical development and its economic success. The Swiss peculiar approach to pragmatic exploitation of weaknesses and disadvantages, its particular identity and the mentality that has developed over a long historical period, have played a crucial role in the creation of the Swiss economic model.

Угрозы финансового риска и методы контроля над их проявлением

A monographic study of the conceptual apparatus and the nature of financial risks formation in the context of their types was carried out, which made it possible to conduct and substantiate the relationship between the estimated indicators of control over resources and the sources of their financing with the total amount of profitability of business entities. The purpose of the study is to substantiate and develop a model of control over the resources in commercial and industrial organizations of Ryazan region. The methods used are: general scientific research methods (monographic, materials generalization, system research) and special methods of analysis and control (comparisons, dynamic series, comparison of indicators with the allowed values, platform analysis). The article suggests analytical platforms for monitoring resources for assessment and forecasting of financial risk, accumulating indicator systems with specific affiliation to the types of financial risk. The analysis of economic development trends of commercial and industrial organizations of Ryazan region was carried out, which made it possible to identify negative phenomena against the background of positive dynamics of effective indicators, which was the probative base for the necessity to develop integrated model of control over the resources and the sources of their financing in assessing financial risk by the types of its manifestation.

УДОСКОНАЛЕННЯ МЕХАНІЗМУ СТРАТЕГІЧНОГО УПРАВЛІННЯ РЕГІОНАЛЬНИМ РОЗВИТКОМ

The successful implementation of the innovative strategies of enterprises in the region is due to the stability parameters of the enterprise as a mini-system and the stability parameters of macro-, meso- and microeconomic systems, of which it is an element. The study of economic development trends that determine the possibility of transition to an innovation model and the features of the regional innovation system showed that in order to activate innovation processes and increase the sustainability of innovation systems, it is necessary to create a mechanism for strategic management of regional development (MSMRD). In an unstable environment, MSMRD should be based on the principles of self-organization of complex systems in the process of their adaptation to ongoing changes. First of all, the principle of dynamic balance, the prerequisite for compliance with which is the performance of the main functions in the innovation system by various subjects of innovation activity, changing according to the stages of the innovation process. MSMRD is presented in the article in the form of a reproductive self-organizing system of increment of economic value added, formed during the implementation of innovative strategies. The systemforming components of the MSMRD are resources (human, financial and material, informational, forming elements of the innovation potential and innovation infrastructure); stages of the innovation process (note that the stages of initiation and marketing in modern conditions of innovation can proceed in parallel); direct and feedback links both between the stages of the innovation process and between elements and the external environment. It is necessary to emphasize the cyclical nature of connections – interactions between participants in the innovation process. Stability management in the implementation of innovative strategies is associated with the use of combined control systems – by deviations and by disturbances. The developed management system for innovative development includes strategic and tactical methods developed within the framework of strategic, investment management and risk management, taking into account the resource potential, sustainability indicators and economic value added of the enterprise in the pre-forecast period.

Digital Marketing and Sustainable Economic Development Trends in Developed and Underdeveloped Countries: A Bibliometric Analysis

Abstract. The level of socioeconomic development depends on the mode of production, and the world economies have undergone revolutions from agricultural, industrial, and then digital, giving rise to developed, developing and underdeveloped economies. The purpose of this research is to use bibliometric analysis to study the trends of digital marketing and sustainable development in developed and underdeveloped countries. The authors resorted to the Scopus database to extract 119,981 documents for developed economies and filtered them to 29,071 for Scopus analysis. Then, 9854 documents were also extracted for underdeveloped economies and refined to 2850 to perform comparative analysis. The filtered documents were exported to VOSviewer for visualization mapping, including coauthorship and co-occurrence analysis using English. The results revealed that the total number of documents produced in developed economies from 1950 to 2023 was 29065, compared to 2816 produced in underdeveloped economies, representing just 8.9% of the total world output. The study revealed a general upward growth trend in both developed and underdeveloped economies. The results further revealed that developed economies strengthened their research collaborations, the United States was the most influential for developed economies, and China was the most influential in research done in developing economies. The research findings indicate that digital marketing has been the most influential among the cowords and the main driver of the global economy between developed and underdeveloped.

Regional Economic Development Trend Prediction Method Based on Digital Twins and Time Series Network

Regional Economic Development Trend Prediction Method Based on Digital Twins and Time Series Network