Factor Of Economic Growth Research Articles

Strategi Pengembangan UMKM Melalui Legalitas Usaha Dan Sosial Media Di Banjarbendo Sidoarjo

Micro, small and medium enterprises (MSMEs) as a factor of economic growth are strategically positioned to accelerate structural changes to improve the standard of living of society in general. MSME's role is to expand the supply of employment and become a resource for sustainable economic growth and equity in increasing income. The research object for the Banana Nuna Banana Chips industry is located in Banjarbendo Village, Sidoarjo District, Sidoarjo Regency. The method used is in the form of marketing assistance using social media in the form of Instagram and whatsapp business. Primary data sources were obtained in the form of interviews, observation and documentation, as well as secondary data from books and journals were also used to support this assistance. Based on the research results, information was obtained that the factors inhibiting the development of the banana nuna banana chip industry were media for promotion, marketing and capital. With this assistance, the MSME development strategy will be known. The business development strategy includes external factors, namely economic, social and environmental. Apart from that, strategy includes internal factors such as management, marketing, finance, and product.

Examining contributors to Vietnamese high school students’ digital creativity under the serendipity-mindsponge-3D knowledge management framework

Since the digital environment is a part of human society and the global economy is transitioning from a knowledge-based to a creative economy, digital creativity is now considered a crucial factor for economic growth and personal success. The current study explores factors contributing to digital creativity cultivation among Vietnamese high-school students through the lens of the Serendipity-Mindsponge-3D (SM3D) knowledge management framework. Employing Bayesian Mindsponge Framework (BMF) analytics on UNESCO's dataset of 1061 observations, we found that digital capability and digital openness have positive impacts on the improvement of digital creativity among high-school students. Students’ autonomous learning is also associated with digital creativity, but the effect is moderated by parents’ and teachers’ encouragement. Specifically, for students frequently receiving parents’ and teachers’ encouragement to learn and explore on the Internet, their self-learning is associated with higher digital creativity. For those with no or limited parents’ and teachers’ encouragement, self-learning is associated with lower digital creativity. Based on these findings, we suggest that digital creativity can be cultivated by enhancing their capability of using digital devices, openness to new information sources on the Internet platform, and autonomous learning with encouragement from family and school.

Scientific Conference Factors of Economic Growth in Historical Perspective

Scientific Conference Factors of Economic Growth in Historical Perspective

Selection of strategies to improve energy efficiency in industry: A hybrid approach using entropy weight method and fuzzy TOPSIS

Energy has now turned out to be one of the key factors for competitiveness and economic growth across the globe. In this line, the manufacturing industries have been acknowledged among the biggest drivers of economic development in all nations. Considering rapid industrial development and high rates of energy consumption, energy demand is multiplying faster than ever. Accordingly, it seems critical to improve energy efficiency (EF) and reduce energy consumption in various industries. Finding the common types of energy waste, the strategies to step up EF can consequently provide industrial owners, developers, and planners with solutions to deal with such issues. Selecting the implementation strategies for this purpose is thus assumed multi-criteria decision-making (MCDM) process. In the present study, the ceramic tile industry in Iran, as one of the energy-intensive industries (EIIs) due to its manufacturing process, was investigated. To this end, the strategies to improve EF and their evaluation criteria were initially established by reviewing the related literature and eliciting expert opinions. Then, the Entropy Weight Method (EWM) and the fuzzy Technique for Order Preference by Similarity to Ideal Solution (fTOPSIS) were operated to allocate weights to the criteria, and rank the given strategies, respectively. Based on the literature review, 22 EF strategies and 4 evaluation criteria were retrieved, and finally approved by the experts. The study results revealed that “cost of implementing strategies” received the highest weight among the evaluation criteria. With regard to these criteria, “Reducing leakage in the compressed air production/distribution system”, Reducing power consumption of the presses, ball mills, crushers, and glazing during peak hours by shifting the load to non-peak hours”, as well as “Sealing/filling the pores between the rail wall and wagon (sand seal) in tunnel kilns”, were given the highest priority as the implementation strategies at factory level. Also, according to the change in the weight of the criteria, sensitivity analysis was performed for the robustness and strength of the ranking.

STRATEGIC GOALS OF THE STATE REGULATION OF FOREIGN ECONOMIC ACTIVITY OF INDUSTRIAL ENTERPRISES OF UKRAINE IN THE CONTEXT OF THE EUROPEAN VECTOR OF DEVELOPMENT

The article is devoted to the study of strategic goals of state regulation of foreign economic activity of industrial enterprises in Ukraine in the conditions of European integration. In the future, Ukraine will be part of a single market with more than 450 million consumers, which will create opportunities for industrial enterprises to expand their foreign economic activity and increase their export potential. The purpose of the article is to formulate strategic objectives of state regulation of foreign economic activity of industrial enterprises in Ukraine in the context of the European development vector. This article examines the role of state regulation in ensuring effective foreign economic activity of Ukrainian industrial enterprises and identifies strategic goals to be achieved in this process. In addition, the article analyses the main challenges and obstacles hindering the achievement of these goals and suggests ways to overcome them. Methodology: scientific research uses general and specific scientific methods, including the method of analysis and synthesis, the descriptive-analytical method, the systems approach, the method of systematisation, the graphical method and the method of comparison. Results. Nowadays, effective regulation of foreign economic activity of industrial enterprises is one of the most important factors of economic growth of Ukraine. Many studies have been devoted to the development of mechanisms of state regulation of foreign economic activity, but some aspects are still overlooked by scientists. The practical implications of Ukraine's integration into the European Union are a crucial step for the development of the economy. The European Union is Ukraine's most important trading partner. Thanks to this integration, Ukrainian producers have gained easier access to one of the largest markets in the world – the European Union market. When Ukraine becomes a full member of the European Union and is fully integrated into the single market, it will create more jobs and increase salaries by exporting high-quality products to European Union countries. Ukraine is a reliable partner of the European Union and is working towards membership. This process is not fast, but Ukraine is fulfilling the Association Agreement with the European Union, adopting necessary laws and carrying out reforms for the development of Ukraine. This will help transform Ukraine into a developed country with a high standard of living. The search for new and effective mechanisms for organising foreign economic activity and preserving export potential is extremely important for Ukraine, taking into account the European vector of development in the conditions of a state of war. The article argues for a timely study of the problem of formation of a mechanism of modern regulation of foreign economic activity of industrial enterprises, taking into account the impact of the external environment. It presents a number of administrative, economic and legal methods, as well as a periodisation of the formation and development of legislation in Ukraine on foreign economic activity. It also examines the process of foreign economic activity regulation, which refers to a system of measures capable of combining direct legislative regulation of export and import activities of enterprises with economic levers aimed at protecting and improving the structure of the domestic market. The Association Agreement signed between Ukraine and the European Union shows that Ukraine has opted for the European model of socio-economic development.

Kisan Seva Kendra a Web-based Application

Abstract: All humans mainly rely on cultivation for food. Agriculture acts as a backbone for many countries’ economies One of the key factors of economic growth in Ghana is agriculture. It is believed that the agriculture sector forms a vital part of building a resilient economy. Food is an essential component of our daily existence and a significant portion of it is supplied by farms. The hard work of farmers who grow and cultivate crops sustains countless lives across the country and provides them with a source of income. Unfortunately, due to intermediaries involved in the selling of their final products, farmers often struggle to make a profit and are forced to live in poverty. Through this project, we will be able to connect farmers directly to the customer so that direct dealing of products can be accomplished. This will end in a big decrease in the prices of the products currently available within the market because the profit will directly reach the farmers pocket. It will also provide personalized views for farmers, suppliers, and admin by their different logins by that handling of the webpage will be comfortable.

Mental well-being and government support in Europe. The mediating role of trust in people and institutions

PurposeThis paper investigates the determinants of subjective well-being in Europe using the European Living, Working and COVID-19 (ELWC) Survey carried out by Eurofound (2021). Socio-demographics characteristics, employment status, measures of economic distress, inequality and work life balance are considered. Particular attention is paid to how quality of government support (QGS), that considers the dimensions of good governance such as integrity, fairness, reliability, responsiveness and influences subjective mental well-being (WHO-5) through the mediation of trust in other people and in institutions.Design/methodology/approachTo this end, the authors estimate a moderated mediation model for analysing the indirect role of QGS on WHO-5 through institutional trust and trust in people.FindingsThe results support the hypothesis that the reduction in WHO-5 in the European population during coronavirus disease 2019 (COVID--19), particularly marked in the 18–34 age group, is related to the perceived inadequacy of government interventions in managing economic and social uncertainty through supportive measures. This outcome is also due to reduced trust in institutions and other people, as both are significant mediators that reinforce the impact of public support on WHO-5.Practical implicationsGovernment should pay greater attention to this relationship amongst good governance, trust and mental health of citizens because a healthy human capital is a significant factor for the long-run economic growth, in a special way when the authors refer to the young workforce with a greater life expectancy.Originality/valueIn the literature, the role of trust as a mediator has been analysed in the relationship between individual economic situations and subjective well-being before and during the COVID-19 pandemic. To the best of the authors' knowledge, no studies have examined the role of perceived QGS on subjective mental well-being using the mediating and backing effects of trust in people and institutions.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-08-2022-0549.

Differentiation factors of levels of regional insurance market development in Russian conditions

Subject. The article investigates causes of interregional disproportions in the level of insurance market development in modern Russian conditions. Objectives. The aim is to review the effect of economic, social, demographic, and geographical factors on the development of insurance in current realities. Methods. The study employs the regression analysis of panel data to estimate the effect of factors determining the differentiation of the levels of regional insurance markets development. Insurance premiums per capita and the ratio of insurance premiums to gross regional product in the context of various types of insurance serve as explained variables. Results. The most favorable conditions for insurance development are formed in the largest urban agglomerations with high population density, primarily, Moscow and St. Petersburg. The main driver for regional insurance markets development in Russia is the development of the banking system, which stimulates demand for insurance services from borrowers and expands channels for the sale of other insurance products. An increase in the level of education of the population is accompanied by higher risk appetite, and does not lead to increased demand for insurance services. Stable relationship between crime rate and the level of insurance market development is not revealed, which is consistent with results obtained for Eastern Europe. Conclusions. Increasing the role of insurance in the system of economic growth factors requires implementation of measures to improve the financial and insurance literacy of Russian citizens, and additional tax incentives for policyholders' expenses for insurance protection of life and property.

THE EFFECT OF ECONOMIC GROWTH DETERMINANTS ON ECONOMIC GROWTH: A STUDY ON DIFFERENT FINANCIAL SYSTEMS

One of the main goals of a country is to achieve economic growth. This has led many researchers to understand and determine the factors that boost economic growth. The relationship between these two still remains to be unanswered. It has been discussed in many kinds of research that the variability could result from the different types of financial systems being observed by different countries. By taking 15 years of data from 32 OECD countries, this study attempted to identify if there is any difference in the effects of the factors of economic growth across two distinct financial systems (bank-based and market-based). The results of the study suggest that, overall, financial system differences influence the economic growth of a country. These insights give further clarification on how the economic growth determinants were acting differently in different countries.

Transport Infrastructure Investments as a Factor of Economic Growth of European Union Countries

Abstract Territorial cohesion and improved accessibility are among the main objectives of the European Union (EU) Cohesion policy. Although there is a wealth of literature on the impact of investment in transport infrastructure on overall accessibility levels, only a few studies have tried to evaluate the possible link between transport infrastructure investment (TII) and economic growth in the EU. Our research aims to evaluate the impact of TII on economic growth in the EU. The methodology is based on nonlinear neoclassical specification, which includes a multiplicative term to evaluate if the absence of corruption mediates the effect of TII on growth. Our unbalanced panel data covers 27 EU countries (Cyprus is excluded due to missing data and the United Kingdom is a part of the sample) from 2000 through 2019. Our research confirms a positive and statistically significant impact of TII on economic growth but with a diminishing return. Estimating the absence of corruption as a possible moderator of the effect that TII has on growth shows that control of corruption plays a significant role in the TII growth nexus. We find that in countries with a low level of control of corruption, TII has a statistically significant negative effect on growth.

Unraveling the Intricate Nexus of Philippine Environment and Economy: An Empirical Analysis Using Multiple Regression

A progressive country has sacrificed many things to achieve its goals, including using natural resources leading to environmental degradation. This study aimed to find out the status of the Philippines concerning environmental factors, specifically Carbon Dioxide (CO2) Emissions, and how it is intertwined with various economic aspects, explicitly Gross Domestic Product (GDP) per capita, Primary Energy Use, Renewable Energy Consumption, Population Growth, and Foreign Direct Investment. The study employed multiple regression analysis to measure the relationship between environmental conditions and economic growth factors. The data secondary data used in the study was obtained from World Bank (1990 – 2014). Results yielded that the impact of GDP per capita has a positively significant relationship with carbon emission influencing a substantial increase. Consumption of primary energy use by households or businesses has extensive environmental consequences, especially with substantial population growth. Moreover, the utilization of renewable energy emerged as the most obvious approach the country should come up with to combat climate change and environmental deterioration as increased human activity necessitates the utilization of the environment and natural resources. Researchers suggest significant investments in climate change adaptation and combating for the country, considering the Philippine’s strong potential for clean energy generation to avoid or even contend with the predicted ecological catastrophe by 2100.

Роль и место технологического суверенитета в обеспечении устойчивости экономики России

Introduction. The peculiarity of the current period development determined the need to change the vector, format and scale of the structural transformation of the Russian economy. This necessitated the need for domestic development only on the basis of achieving technological sovereignty as the main factor of economic growth and a condition of national security. It is revealed that one of the reasons for the low level of its achievement is the low innovative activity of organizations and a small proportion of organizations creating technological innovations and developments in the subjects of the Russian Federation. Theoretical analysis. The article examines the place and role of technological sovereignty in increasing national independence. Various approaches to understanding the essence of technological sovereignty are considered. A retrospective analysis of the “technological sovereignty” category formation is carried out, its priority over the policy of import substitution is proved. Empirical analysis. The analysis of the organizations’ innovative activity indicators dynamics by subjects of the Russian Federation and by types of economic activity, as well as the dynamics of the share of organizations in the total number of surveyed organizations of the Russian Federation engaged in technological innovations is carried out. The results allowed to make a conclusion about the negative trend of most of the indicators’ values. The obtained results confirmed the need to revise the vector of domestic economy development, the research activities activation as the main factor of ensuring technological sovereignty. Results. The result of the study is the identification and systematization of priority areas and measures to ensure technological sovereignty. The specific characteristics of the sovereignties influencing the achievement of universal sovereignty based on the construction of a sovereign economy model are shown. Based on theoretical and empirical analysis, assumptions are made about the different sovereignties level of development in the Russian Federation.

Institutional Environment and Tourism: Moderating Role of Host Countries’ Health System

Tourism has gradually emerged to become a significant factor for sustainable economic growth around the globe. Along with other variables, the institutional environment has a significant influence on the growth of the tourism industry. Consequently, there are two primary goals for this study: firstly, to improve the body of knowledge already available on the institution-tourism nexus; secondly, to investigate how the health systems of the host countries contribute to the said nexus. To analyze these relations, we collected data from 50 countries across 10 years (2009–2018). We apply multiple regression analysis to a balanced panel dataset of 500 observations. Furthermore, we also used an interactive variable in conjunction with the primary independent, dependent, and control variables of the study to determine the moderating effect of the host countries’ health systems. The study’s findings demonstrated the significance of an efficient institutional structure in boosting tourism. Additionally, the health systems of the host nations play a significant role in strengthening the connection between institutions and tourism, especially in the post-COVID-19 period. Through the creation of institutional frameworks and health infrastructure, the study’s findings will assist policymakers in developing efficient tourism policies. All of the above strategies will eventually lead to a trustworthy, safe, and healthy environment for both locals and visitors.

Does Education Improve Environmental Quality in Saudi Arabia?

Since the adoption of the Paris Agreement (UNFCCC, 2015), education has indeed been recognized internationally as an essential tool for informing, raising awareness and engaging the public in the fight against climate change. The current study utilizes the ARDL model to investigate the nonlinear relationship between economic growth, education and carbon emissions for Saudi Arabia over the period 2017–2020. The results show that primary education has no effect on CO2 emissions while secondary and tertiary education have a negative effect on CO2 emissions. The results also confirm the non-linear and the inverted U-shaped relationship between both CO2 emissions and education (secondary and tertiary) and between CO2 emissions and economic growth. Our results are important in terms of economic policy. First, they highlight the importance of human capital in environmental protection. Second, the current accumulation of knowledge is certainly a factor of economic growth but also of pollution growth. It is not a question of recommending a reconsideration of education policies whose intrinsic values are obvious. On the contrary, there is a need to introduce a change in the perception and role of education in favor of the environment.

What role economic growth and sustainability-oriented innovation play on the level of carbon emission: case of China

Globally, carbon dioxide (CO2) emission is a significant element of environmental pollution because of corrupt economic activities that requires regulators’ focus and researchers’ emphasis. Hence, the current research evaluates economic growth on CO2 emissions in Chinese economy. The article has taken six factors of economic growth on board along with sustainable innovation to predict CO2 emissions. Secondary data, in this regard, has been used which has been borrowed from World Bank from 1986 to 2020. Augmented Dickey-Fuller test is employed to scrutnize unit root, while QARDL model has been run to identify the association between the constructs. Findings revealed that factors such as gross domestic product, national income, human capital, employment ratio, inflation and exports signifies CO2 emissions, hence are corrupt the environment. While sustainability oriented innovation reduces the emissions. This study monitors the policymakers while formulating regulators related to reducing the level of CO2 emission using economic growth factors and sustainability-oriented eco-innovation.

Peran Government Financial Dan Pertumbuhan Ekonomi Dalam Kesiapan Adopsi Paripurna International Public Sector Accounting Standards

Purpose: The objective of this research to assess and analyze the role of government finance and economic growth in influencing the readiness of plenary adoption of IPSAS. Methodology/approach: The sample in this study consisted of 198 research data from 33 provincial governments in Indonesia that sample criteria. The data of this study were analyzed using multiple regression analysis. Findings: The results of the study found that low level of government finance expected to role in the readiness of IPSAS plenary adoption. Meanwhile, the economic growth rate that is getting better or worse can influence the informer to disclose information in accordance with the elements of IPSAS. Practical implications: This research contributes to provincial governments and policymakers to better support the implementation of accrual-based IPSAS and is used guide for policymakers in determining whether plenary adoption is relevant so as to create value for public entities, especially public sector organizations. Originality/value: Regarding IPSAS, there has been no empirical research that analyzes the readiness of IPSAS plenary adoption with economic growth factors that play a role in IPSAS adoption readiness. So this needs to be done research that leads to the readiness of IPSAS adoption in full with factors that influence it.

BALANCING LAND USE AND TENURE POLICY BETWEEN PLANTATIONS COMPANIES AND PUBLIC INTEREST IN THE PANCASILA PERSPECTIVE

Plantation industries have now become a crucial factor in economic growth, but the development of plantation business often overlooks the interests of the csommunity and the environment. This study aims to explore strategies for balancing land use and tenure policies between the interests of plantation companies and the public. The research approach used in this study is the socio-legal research approach, which delves into the societal perspective of legal issues. This interdisciplinary study highlights the importance of explaining legal issues in a more meaningful theoretical manner that is accessible to citizens. The study employs the Pancasila perspective, which is the founding philosophy of Indonesia, as a guiding principle to ensure a balance and justice mechanism for land tenure and use. This study emphasizes the importance of the substantive application of the law in protecting the interests of both corporations and the wider community. The concept of plasma plantations, where investors invest their capital for business interests in the large plantation sector, can serve as a strategic approach to achieving a balanced land tenure and use mechanism. This study offers valuable insights for policymakers and stakeholders tasked with establishing land tenure and use policies for plantation sector. By considering the interests of both corporations and the public, policymakers can ensure sustainable economic growth, protect the environment, and uphold the rights of citizens through a balanced land tenure and use mechanism.

SPATIOTEMPORALLY IMPROVING THE RURAL ACCESS INDEX – A REMOTE SENSING BASED APPROACH

Abstract. Many countries, especially in the global south still lack the ability to effectively pursue basic policies, which can lead, in the worst case, to armed conflicts. Access to markets is a key factor for economic growth and an important component in reducing poverty. The SDG 9.1.1 addresses the proportion of the rural population who live within 2km of an all-season road, which can be mapped by the Rural Access Index (RAI), introduced by the World Bank in 2006. This requires the road network of so-called all-season roads, population distribution and rural areas. We developed a fully automated approach, using remote sensing and other open source data to calculate the RAI on an annual basis between 2013 and 2020 for the Lake Chad region. We achieved an overall accuracy between 97.0% and 97.5% in detecting all-season roads using a Random Forest classification. Our method shows similar results to those published by the World Bank. However, our approach provides a higher spatial and temporal resolution measuring the RAI compared to previous studies and is independent of field studies.

DIGITALIZATION AS A POWERFUL FACTOR IN ENSURING HIGH COMPETITIVENESS OF THE ENTERPRISE

DIGITALIZATION AS A POWERFUL FACTOR IN ENSURING HIGH COMPETITIVENESS OF THE ENTERPRISE

INOVASI DIGITAL BISNIS PADA BUMDES DAN UMKM DI DESA TIRTAWANGUNAN, KECAMATAN SINDANGAGUNG, KABUPATEN KUNINGAN

One of the factors in economic growth and development is the increasing competence of human resources, especially human resources, which in this case is an increase in the entrepreneurial spirit of the community. Tirtawangunan Village is a village that has a BUMDes named Permata Tirta, Administratively Tirtawangunan village is located in Sindangagung District, Kuningan Regency, 7 km from the city center. However, BUMDes and SMEs in Tirtawangunan village are not well developed. Therefore, to increase business scale and manage entrepreneurial activities, Community Service for MSME actors and BUMDes Tirtawangunan managers, Sindangagung District, Kuningan Regency was held on November 16, 2021. The method used was Lectures and Discussions. The result of this Community Service activity is that BUMDes managers know that business scale can be increased by managing MSMEs in Tirtawangunan village using digital innovation, namely e-commerce so that both BUMDes and MSMEs can provide mutual benefits for village development.