Development Of Economic System Research Articles

Green strategies for the sustainable growth of food security

Modern society today is reconsidering its development strategy in the light of changing environmental conditions. The global climatic changes observed over the last 30-40 years require not just a careful attitude toward nature and resources, but a comprehensive review of the technologies of production and processing of raw materials and resources. The consumer strategy that has dominated society for the past 2-3 centuries must be completely transformed into a new philosophy of sustainable development of economic systems and growth of food supply for the growing world population. Deteriorating production conditions and resource depletion will not allow a growing humanity to develop at the same speed without a sustainable food base. Therefore, the task of increasing food security becomes a priority in the strategy for the development of the national economy.

Theoretical approaches to interpreting the essence of banking innovations and determining the goals of their implementation

Any scientific study of the development of economic systems or society directly or indirectly determines the need for innovations, which are the driving force of qualitatively new, progressive changes. The article examines the evolution of the concept of "innovation" and the features of its application in banking. The author addresses theoretical approaches to the interpretation of the essence of "banking innovation" and reveals that the main goal of the innovative activity of banking institutions is to make a profit and improve their competitive positions. The article substantiates that the innovative activity of banks is not the same as the concept of financial innovations, and the latter is an element of the innovative activity of banking institutions. Characteristics of financial innovations and the reasons for the frequent identification of the essence of financial and banking innovations are analyzed. They are analyzed and structured according to the goals and directions of their implementation. The comparison of innovations and financial innovations is analyzed and their main similarities and differences are revealed. The dependence of financial investments on the bank’s competitiveness and the peculiarities of their relationship are outlined. Factors influencing the innovative component of banking institutions are structured. The article shows that the presence of qualitatively new changes contributing to increasing the efficiency of the use of banking institutions’ resources in the conditions of digitalization and remote banking is the main characteristic of banking innovations. It also reveals that the trend towards digitalization of all spheres of social life, including banking, has a significant influence on banking innovations, however, in the context of this trend, the aspect of guaranteeing the financial security of the banking segment becomes important. Given the resource investments aimed at financing the implementation of innovations in the field of banking services, the characteristic signs of investment are identified. The actual implementation of innovations, like investments, involves spending money now in order to obtain economic benefits in the future. That is, the objective and ultimate goals of innovation and investment coincide. However, the concept of investment is broader than innovation and includes the latter. They correlate as a whole and a unit when viewed from the perspective of philosophical categories.

К ВОПРОСУ ЦИФРОВОЙ ТРАНСФОРМАЦИИ УПРАВЛЕНИЯ ЭКОНОМИЧЕСКИМИ СИСТЕМАМИ

The article discusses the features, content and trajectories of digital transformation as the most important factor in the formation and implementation of economic systems management. The versatility and dynamism of digital transformation processes lies in the variety of approaches and technologies. The attention is focused on digital transformation, its importance for economic systems and management of economic processes. The relevance of the problem, its significance for the promotion and practical implementation of digital transformation is due to the need to correspond to the level of modern technology development. The researchers consider the importance of information and communication technologies for ensuring the development of economic systems, analyzed the current technologies of the digital environment and the possibilities of their application.

ФИНАНСИРОВАНИЕ РЕГИОНАЛЬНЫХ ИННОВАЦИОННЫХ ПРОЕКТОВ С УЧЕТОМ ИНФРАСТРУКТУРНЫХ ВЫЗОВОВ РЫНКА: ПРОБЛЕМЫ И ПУТИ РЕШЕНИЯ

Based on theoretical aspects in the scientific literature, the study sets tasks in determining the problem of using financial instruments in financing regional innovative projects, taking into account the infrastructural market challenges from both the demand and supply sides faced by regional authorities for the development of these projects. The authors classify such problems according to the following criteria: infrastructure problems of the market, supply-side problems, demand-side problems. These studies also consider subspecies of classified species. A model of the changing financial role of regional authorities in the development of the regional market of innovative projects is presented, on the basis of which the stages of the market power of the development of innovative projects are determined. Possible ways to solve the problem of financing regional innovative projects through the mechanism of financial instruments are identified. Recommendations are proposed for regional authorities on optimizing the financing of regional projects and overcoming the identified problems, which makes it possible to strive for the development of innovative activity and promote the sustainable development of economic systems in different regions. To overcome the identified problems, the author proposes a comprehensive solution based on the use of mechanisms of financial instruments, such as debt municipal securities and the corporatization of unitary enterprises through a public offering of shares. In general, the listed problems in these studies can be solved through the development and implementation of strategic programs aimed at attracting financing for the development of innovative infrastructure, which will improve the economic situation of the regions and contribute to sustainable economic development.

Public Management of the Detinization of Economic Relations in the Conditions of Globalization

Tinization of the economy is one of the key problems of economic development. In the conditions of intensive methods of economic development, the problems of shadowing are a priority. To ensure effective state management of economic systems, it is expedient to determine factors influencing the processes of detinization of the economy, which will allow ensuring qualitative transformations of the system. The article analyzes the set of influencing factors based on the analysis of literary sources and statistical data of international organizations. The analysis made it possible to determine research priorities, including entrepreneurial and investment activity, development of an effective regulatory and legal system, implementation of innovations aimed at the qualitative transformation of economic systems, and increasing their profitability and liquidity. The article mathematically substantiates and confirms the hypothesis regarding the influence of a set of factors on the processes of detinization of the economy. Since economic systems are developing in the conditions of the digital space, numerous of recommendations have been developed aimed at building transparent and effective regulatory systems of state management of the economy, aimed at forming prerequisites for the detinization of the economy. The impact of the process of detinization on ensuring economic development is proven. Therefore, the practical implementation of the research results is aimed at forming stable prerequisites for ensuring the development of economic systems at the global and national levels.

ЗАБЕЗПЕЧЕННЯ ЕКОНОМІЧНОЇ БЕЗПЕКИ ПІДПРИЄМСТВ В УМОВАХ ІНТЕЛЕКТУАЛЬНО-ОРІЄНТОВАНОГО РОЗВИТКУ ГОСПОДАРСЬКИХ СИСТЕМ

This article is devoted to the study of the problems for the intellectually-oriented development processes of modern economic systems and the determination of prospective directions in their application in the conditions of security threats intensification to the functioning of entrepreneurial entities. A detailed analysis of the key trends of the intellectualization of economic systems in the global dimension was carried out on the basis of the most influential indicators that characterize the relevant processes. In particular, dynamic indicators of the corporate structures’ expenses level for the implementation of innovative developments, levels of capitalization of k the ey global technological market leaders, the use of specific tools for attracting financial resources for innovative development, the main trends in the applied implementation of the most advanced technological products by business entities. The reasons that lead to the intensive acceleration of the progressive economic systems development in the direction of intellectual and innovative transformations as a key driver of economic development, growth of labor productivity, improvement of functional activity processes and generally ensuring sustainable development of the organization have been identified. The relationship between the concepts of intellectualization of economic processes and the theoretical provisions of ensuring the economic security of business structures is substantiated in terms of theoretical and applied aspects of their interaction, on the one hand, in terms of the use of intellectualized tools as a means of more effectively overcoming current security problems, and on the other hand, as an enrichment of theoretical and methodical basis for the implementation of management practices to ensure the enterprise economic security. The most promising qualitative integration of theoretical concepts of intellectuallyoriented development of the economic system and ensuring the proper level of its parameters of economic security in the main functional areas of activity have been identified.

Влияние институциональных факторов на развитие социо-эколого-экономических систем в условиях неопределенности

Under conditions of system crisis, the use of traditional forecasting and planning methods does not allow providing the required level of reliability due to the fact that radical change in institutional environment leads to emergence of fundamental impossibility of prolongation of retrospective trends into the future. Under conditions of spasmodic increase of uncertainty, the choice of the direction of strategic development of socio-ecological and economic systems for medium and long term is determined by the impact of a complicated complex of individually insignificant factors. Institutional guidelines play the most important role in this process, transformation of which is activated precisely during the crisis phase.

Models and Forecasts of the Export Potential of the Regional Economic System

Introduction. The export potential of the regional agricultural market causes great interest from both the scientific community and government agencies. Many scientific studies are devoted to the search for methods to increase the export potential in order to ensure the sustainable development of regional economic systems. The article proposes and tests the original author’s algorithm for creating a dynamic econometric model for forecasting the volumes of production, sales and exports of the main types of livestock products at the regional level. The purpose of the article is to assess the export potential of the main products of the regional agricultural market based on the built dynamic econometric models. Materials and Methods. The research is based on a set of empirical data of result and input variables characterizing the production, sales and export of the main livestock products in the region for the period 2010–2020. Research methods include dynamic analysis, econometric modeling and forecasting. The dynamic analysis carried out made it possible to assess the change in the production, sale and export of the main agricultural products in the region, to assess the current trends. Based on the constructed econometric models, the most significant factors influencing the resulting variables were identified, the specifications and verification of the models were carried out. The method of extrapolation of the identified trends made it possible to evaluate the predicted values of the resulting variables for the medium term. Results. Based on the selected input variables, models of production, sale and export of milk, wool and eggs by agricultural producers in the region were built. From a variety of alternative models, models with the best statistical quality characteristics were selected. The high level of quality of the obtained models made it possible to use them for predictive calculations of the levels of resulting variables for the period 2021–2026. Comparison of the results of the forecasts made it possible to identify the types of livestock products that already have a high level of exportability. In addition, types of products with a low level of exportability were identified, which have a high potential for increase. Discussion and Conclusion. As a result of using econometric modeling methods, dynamic models were obtained that made it possible to obtain a forecast for the development of livestock in a region with a high export potential in the near future. The practical significance of this article lies in the possibility of influencing the production, sale and export of livestock products in the region through a change in the corresponding set of factor variables of the models. Thus, the resulting dynamic models can be used both by agricultural producers for planning economic activities, and by regional authorities when drawing up regional development programs.

Openness of Authorities and Trust in The Region: Assessment Tools Based on Social Mining

The study attempts to use scientometric analysis methods, social mining tools, and econometric modeling to show the relationship between the level of trust in regional economic systems and the openness of authorities. At the same time, trust is considered a risk factor in the development of economic systems due to the significant influence of this informal institution on the activities of economic entities with decision-making. The scientometric analysis of publications on the topic of the work made it possible to establish an exponential increase in the number of scientific articles on trust, openness, social networks, and the corresponding analytical tools. The constructed network maps of keywords made it possible to identify the largest thematic clusters reflecting the concentration of scientific works in research areas, firstly, related to data, algorithms, and technologies for their analysis, network users, and secondly, reflecting various aspects of organizational and individual behavior and what this behavior determines. The quantitative substantiation of the relationship between the openness of public authorities and the trust and involvement of the population was carried out by conducting factor analysis and constructing a regression model. Due to this, the study proved that the level of trust is more influenced by user engagement, which allows us to show the importance of a qualitative representation of the activities of authorities in social networks to increase the level of trust.

Модификация модели взаимодействия с клиентом на основе омниканального подхода и ее влияние на финансовые результаты деятельности организации

Growth of financial activity, stable functioning and sustainable development of economic systems are largely ensured by the formation of strong and competitive business structures that timely adapt their strategic approaches to management in accordance with the conditions of the environment. Maintaining competitive positions in the market in conditions of digitalization becomes difficult or impossible without creating new sources of competitive advantages. Digitalization of the economy and business requires a corresponding change in the business model of the organization. One of the most contemporary issues of improvement in the structure of the business model is the system of interaction with the client. Its timely transformation ensures an integrated system approach to service and interaction with the client based on the omnichannel approach. This approach means including into the business processes of organizing a comprehensive system of digital and analog communication channels that provide multi-channel communication of business with the client, which form a single history of contacts and client experience in the company. From this position, the number of mastered, implemented digital technologies and communication channels in the system of interaction with the client can serve as an indicator of the company’s digital activity. There is proposed an author's approach to transforming the system of interaction with the client (through the omnichannel prism) in the business model of the organization in the context of the digitalization of the economy and business, defines the requirements for the business model and developed a system of indicators for assessing its effectiveness. An algorithm for introducing a digital business model into the activities of a trading enterprise is developed.

Contradictions as a potential for the development of a human-oriented economy

Subject. Contradictions in the economic system are in close interaction and interrelation, they are a kind of potential for appropriate transformations. The starting point for progressive development of the economic system is identification of contradictions in a human-oriented economy and their timely resolution. Objectives. The study aims to identify contradictions arising between the two-component cores of each type of human-centered economy in order to determine possible mode of interaction between the dominant spheres, and to form a direction for further development of the entire economic system. Methods. The study draws on content analysis, a simple model of a compensatory homeostat. Results. The paper presents a universal simple model of a compensatory homeostat in a human-oriented economy, reveals the most relevant contradictions within the human-centered economy, when one of the opposite components is the creatosphere, describes interaction modes between components based on types of cross feedback, defines development trajectories of a human-oriented economy in accordance with the modes of interaction between the spheres of the economy, i.e. regressive, isogressive, and progressive branches of development. Conclusions. The findings enable to diagnose the current state of the human-centered economy, the branches of its development, and formulate a management concept for the economic system transition to a higher level of system complexity. The practical significance of the study is a possibility to make managerial decisions to implement the intended trajectory of human-oriented economy development.

The conceptual basis of financial management in the sphere of ensuring the economic security of the enterprise

The study considers the relevance of the problem of ensuring the economic security of the enterprise by means of financial management. The purpose of the article is to substantiate the theoretical and methodological foundations of financial management tools in the field of ensuring the economic security of the enterprise. It has been proven that new developments in the field of financial management, which relate to ensuring the economic security of enterprises, are also relevant from the standpoint of quality management of business security. It was established that the interrelationships, influences, as well as management tools for ensuring the economic security of enterprises by means of financial management are still not fully developed. The dominant areas (directions) and the sequence of formation of the general financial strategy for ensuring the economic security of the enterprise are determined. The main stages of the process of strategy development and implementation for ensuring the economic security of the enterprise have been developed. It is shown that strategic planning is the process of realizing goals for a certain period and directions of the enterprise's activities, and the development of enterprise strategies is a complex and long-term process, considering the constant reassessment and periodic verification of the selected goals, while analyzing the state of the enterprise's activity environment. The scientific novelty of the research results is that it is proven that the economic security of the enterprise is achieved by conducting a balanced financial and economic policy in accordance with the doctrines, concepts, strategies, and programs adopted in the established order in political, economic, social, information – which are, in fact, financial spheres. Its content is designed to coordinate actions in the field of ensuring the security of the business entity. Without a well-founded concept of financial management in the field of economic security management, it is impossible to hope for effective and safe development of the enterprise. The applied value of the research results is that the correct combination of the influence of individual factors of the external and internal financial and economic environment makes it possible to differentiate possible strategic directions for the development of the enterprise's economic security system, considering its strategic position. Therefore, considering the possibilities of the strategic position, the formulation of strategic goals and the justification of relevant strategic decisions regarding financial management in the field of managing the economic security of the enterprise are carried out. Keywords: financial management, enterprise management, economic security, enterprise finance, conceptual foundations

MONETARY INFLUENCE OF FINANCIAL INCLUSION ON PROGRESS IN ACHIEVEMENT OF SUSTAINABLE DEVELOPMENT OF SOCIO-ECOLOGICAL- ECONOMIC SYSTEMS

The article investigates the influence of financial inclusion on progress in achieving sustainable development of socio-ecological-economic systems. The key foundations of inclusive development are identified. The impact of financial inclusion on achieving an important factor in social equality and sustainable development is investigated. The impact of the financial market on the availability of financial services is determined. The need to ensure the regulation of digital financial configuration and the transition of financial services through the use of the modern digitalized country. The prospects of monetary policy in 2022-2024 were determined. The main purpose of the study is the monetary influence of financial inclusion on progress in achieving sustainable development of socio-ecological-economic systems. Systematization of literary sources and approaches to solving the problem is that we have analyzed domestic scientists, which gave different approaches to interpreting the concept of influence of financial inclusion on progress in achieving key goals of sustainable development. The urgency of solving this scientific problem is that the essence of the concept determines the prerequisites for conducting measures of practical nature regarding the application of modern monetary policy in order to spread the availability of financial services, which will ensure the achievement of sustainable development of socio-ecological and economic systems at different levels. The study of the topic of monetary influence of financial inclusion on progress in achieving key goals of sustainable development in work is carried out in the following logical sequence: the need to pursue a well-balanced monetary policy is determined; the key foundations of inclusive development are determined; it is determined that financial inclusion and related processes are prerequisites for sustainable development of socio-ecological-economic systems; it is considered that financial inclusion will also show how dynamic systems exist, that is, that provide a balanced but adequate development; it is determined that the issue of financial market imperfection affects the availability of financial services; the measurements of financial inclusion are determined; the focus on the development of the spread of financial services and tools will be complicated through the level of inflationary processes in the country; it has been found that in practice it is necessary to ensure the regulation of digital financial configuration and the transition of financial services through the use of the development of a modern digitalized country; the prospects for monetary policy in 2022-2024 have been defined by the methodological tools of research methods have been the last few years of research. The object of the study is the processes related to monetary influence of financial inclusion on progress in achieving key goals of sustainable development, because they will ensure the further development of financial relations in the near future. The article presents the results of empirical analysis of monetary policy and financial inclusion. The study empirically confirms and theoretically proves that the achievement of sustainable development goals is possible in the context of monetary influence on financial inclusion. The results of the study can be useful for financiers-practitioners, for civil servants, for scientists dealing with monetary policy and sustainable development, ensuring the availability of financial services, for higher education and administration and administration.

Scientific approach to the study of the digitalization impact on the regional economy

The authors of the article test the hypothesis about the impact of digitalisation processes on the level of territories’ economic development. This hypothesis is based on the fact that in the Russian Federation digital transformation is considered as a conceptual model for improving the activities of intraregional economic units and the development of modern society, as well as a factor of economic and social breakthrough. The purpose of the study is to develop scientific and methodological support for the territories’ transformations management based on digital transformation. Systematization and generalization of methodological approaches to the assessment of digital transformation in the region have been carried out. For this purpose, a scientific approach to the design of indicators system characterizing the processes of digitalisation is proposed. To test the approach, a correlation analysis of the current state of digital development impact on the territories’ economic results was carried out. The analysis of the statistical dependence between the development and welfare level of Russian regions and the parameters of their digitalization showed a low (moderate) relationship. This means that with the current volume of funding for digital transformation and the use of information technologies, devices and special software, it is impossible to ensure the breakthrough development of regional economic systems and their production complexes.

ВНЕШНЕЭКОНОМИЧЕСКИЙ ПОТЕНЦИАЛ И ЕГО ВЛИЯНИЕ НА УСТОЙЧИВОСТЬ ЭКОНОМИКИ РЕГИОНА

The purpose of the article is to study the influence of the foreign economic potential of the subject of the Russian Federation on the stability of its economy. The sustainable development of the regional economic system implies its ability to develop in any conditions. The relevance of the topic of this study is due to the fact that the instability and volatility of the world economy are a threat to national economies and can lead to a crisis in the system. On the other hand, the crisis may become a trigger for the search for new sources of economic growth. The degree of stability of the regional economy is due to the influence of many different factors and requires a balance of indicators characterizing the ability of the region’s economy to expand reproduction, taking into account changes in the external environment. Consequently, the economy of a particular region cannot develop in isolation from other countries, since not all resources for its development can be obtained from the national economy or not all manufactured goods are in sufficient demand in Russia. Under these conditions, the external economic potential is one of the factors and conditions for the sustainable development of the economy of a constituent entity of the Russian Federation.

Analysis and assessment of risks in production activities of enterprises of the agricultural complex

The article is devoted to the issues of analysis, evaluation and modeling of the processes of socio-economic development of economic systems. The results of a study of integral indices used to rank countries according to the degree of development of social and economic processes are presented. A model is proposed for evaluating the effectiveness of socio-economic development. The method of determining the influence of factors on the change in the indicator of the effectiveness of the socio-economic development of the country and the region is disclosed, the forecast of indicators of the socio-economic development of Russia is made. The results obtained can be used to study macroeconomic processes in order to develop and adjust the socio-economic policy for business entities of various levels and substantiate management decisions.

Criminal law protection of new forms of economic activity

The article outlines proposals for making changes to certain articles of Chapter VII "Criminal Offenses in the Sphere of Economic Activity" of the Special Part of the Criminal Code of Ukraine, discusses the latest trends in the development of economic relations (sharing economy, gig economy, IV Industrial Revolution, Industry 4.0) and related social systems (Metaverse, Global redistribution of everything), which are based on the achievement of scientific and technical progress (artificial intelligence, blockchain, Big Data, Internet of Everything). On the basis of the performed analysis, a circle of perspective issues is outlined and the first steps on the way to their solution are proposed.

Innovative development of small business: Assessing the impact on GRP in Russia

Subject. This article discusses the contribution of small business to ensuring economic growth in the regions of Russia. Objectives. The article aims to identify the relationship between the innovative activities of small business and the indicators of development of regional economic systems. Methods. For the study, we used statistical methods of interaction detection and linear predictive models with loss functionality in the form of quantile functions. Results. The article notes that the calculations made do not confirm the hypothesis that there is a significant impact of small business and its innovative activities on the gross regional product. A significant relationship is observed between the costs of innovation of small enterprises and the gross regional product only. Conclusions. A quantile regression model based on GRP data and investment in innovation is ineffective. Increased investment in innovation cannot be considered as a possible predictor variable of GRP growth.

MASS HOUSING IN UKRAINE IN THE SECOND HALF OF THE 20TH CENTURY

The housing issue is rightly considered one of the most acute problems of humankind. It is generated by social causes and has a social meaning. The housing issue cannot be solved with purely technical, architectural or artistic approaches. Rather, it also depends significantly on economic, political and environmental circumstances. At different times, the nature of the living environment was formed under the influence of social order, the level of development of productive forces, household and economic systems, and other factors. In the second half of the 20th century, following standard designs, Ukrainian cities mostly consisted of four- and five-story residential buildings in new residential areas. As a result, the living environment of many cities in the country acquired a common and rather modest appearance, dominated by concrete construction. At that time, this was the most effective way of mass housing construction. New technologies and design solutions were used. Such housing was cheap and purposefully met the social standards at the time. In addition, for the owners of such housing, it meant a new higher level of comfort. This publication focusses on housing construction in the second half of the 20th century in Ukraine after 1956. It is important to identify the quality of such housing and its compliance with modern requirements. Methods of systematization of historiographical materials, comparative and historical analysis, and field surveys were used to achieve the aim. Among the main achievements are the comfortable density of residential areas and fast construction times. The disadvantages of this period’s mass housing construction are related to missing maintenance, ongoing destruction, often complex ownership situations and the challenge to adapt each building to current needs and regulations.

Зовнішньоторговельна політика як інструмент повоєнної відбудови: з досвіду країн-учасниць Плану Маршалла

The Russian-Ukrainian war is a serious test for the national economy and society, which requires a review of the institutional mechanisms for economic system development. Both in the active phase of the war and in the post-war reconstruction period, keeping the Ukrainian economy afloat and its gradual recovery is impossible without further integration into the international market and intensive economic cooperation, which actualizes the role of foreign trade policy. Because of this, it is necessary to refer to positive historical practice in identifying the most optimal measures and instruments of state influence in foreign economic relations. The purpose of the research is to justify the role of foreign trade policy as an instrument for the post-war reconstruction of the European economies included in the Marshall Plan. The theoretical basis of the conducted research is both the classical concepts of foreign trade interaction and the theory of new economic thought. The methodological basis is systemic, problem-logical, comparative, and statistical analyses. The features of the post-war economic development of the countries included in the Marshall Plan were revealed. It was determined the formation of high food, industrial, and technical dependence on imports, a low level of national production and exports, negative trade and payment balances, financial and currency destabilization, etc. It was revealed that direct government support for national production and foreign trade policy, implemented through customs and tariff concessions and non-tariff instruments (state purchases, subsidizing production and exports, currency devaluation, the system of bilateral trade agreements, etc.) played an important role in the post-war economic transformation of European countries. It is substantiated that the applied institutional levers of state influence led to gradual progressive changes in the structure of domestic production, which, in combination with a mutually beneficial system of integration and trade relations, contributed to the economic recovery of the countries included in the Marshall Plan and ensured the strengthening of their competitive positions on international markets as producers of industrial and technological products.