Factor In Economic Development Research Articles

Analysis of Influencing Factors of Economic Development and Growth

This article is based on the background of economic development and economic development is an important factor for a country or region to achieve prosperity and sustained growth. With the advancement of globalization and the rapid development of science and technology, economic development has become one of the top priorities for many countries. and reviews 12 literature on the economic development of China and other countries. It provides detailed reviews and suggestions on the ARDL model, multiple linear review model, spatial analysis method, and DSDM model to analyze economic growth factors, economic growth factors in some regions of China and Europe, and economic growth factors in fisheries, coal industry, tertiary industry, and tourism, The conclusion was drawn that Chinas overall economic development prospects are good and there are great opportunities, and the economic specialization of the European Union cannot ensure economic growth. Suggestions were given for the economic development of some industries, environmental economy, and green economy in China.

Modeling the Contribution of Network Human Capital to Economic Dynamics and Innovation Activity

Purpose of the study. This article analyzes the contribution of network human capital to economic dynamics and innovation through econometric modeling based on data for 70 countries for 2020–2021. The main goal of the study is to analyze the relationship between network human capital, economic development and innovation activity.Materials and methods. The present study is based on feedback methodology. On the one hand, the development of human capital is a strategic factor in sustainable economic development. On the other hand, economic resources that increase under development conditions are invested in human capital. The authors have developed a two-stage method for assessing the contribution of network human capital to economic dynamics and the development of innovation. At the first stage, the influence of human capital on the factors of innovative development, assessed by the indexes of the Global Innovation Index (GII), was assessed. At the second stage, an assessment of the contribution of these factors to GDP per employee was modeled. The method was implemented through the development of econometric models that allow assessing the contributions of network human capital to economic dynamics based on the profile of the national economy and assessing the dependence of GDP per employee on the employment structure of the national economy.Results. Based on the results of econometric modeling, the impact of human capital accumulation on the innovative development of the economy was assessed. Statistically significant relationships between: an increase in human capital and the acceleration of the pace of development of new technologies and the knowledge economy; development of creative activity; increasing innovative ties have been identified and substantiated. Based on the modeling results, we empirically assessed, firstly, the contribution of network human capital to GDP per employee; secondly, the increasing contribution of new industries to GDP per employee and the decreasing contribution of traditional industries (using the example of agriculture); thirdly, the more significant contribution of those employed in IT compared to the contribution of those employed in education and healthcare to GDP per employee.Conclusion. The results of the modeling proved that network human capital influences economic growth and innovative development through two mechanisms. Firstly, network human capital is directly involved in the production processes of the platform economy as a factor of production. In this sense, the accumulation of network human capital directly increases aggregate output. Secondly, the accumulation of network human capital has a positive effect on classical factors of production and, in particular, contributes to technological progress.

Integrated Supervision Center of Huaihua International Inland Port: The Feasibility and Essentiality

Building an integrated supervision center in Huaihua is feasible and essential because Huaihua City is at the center of the border regions of Hunan, Hubei, Chongqing, Guizhou, and Guangxi. In addition, it is a national transportation hub in China because of its distinctive geographic location, abundant resources and labor force. Due to the development of Huaihua International Inland Port, Huaihua has an excellent opportunity to be a logistics and trade center for inland areas in Central China. Given considerations in national strategies, food security, economic development and other factors, an integrated supervision center can be built in Huaihua, as it can promote the connectivity of the Wuling Mountain area and the neighboring provinces, contribute to regional economic development, and enhance China’s national security and supervisory capacity. The development of Huaihua as an integrated supervision center facilitates the processing, bonded warehousing and logistics distribution of high-quality imported commodities from neighboring countries, especially ASEAN countries.

Artificial Intelligence (AI) in the Hospitality Industry: A Review Article

Purpose – Artificial intelligence (AI) adoption is critical in the age of digital technology. This review article aims to evaluate the literature on AI in the hospitality industry. Method – A narrative synthesis was used in this review article. Moreover, the literature was reviewed systematically to explore AI in the hospitality industry. The literature and information were obtained from various books and research articles on EBSCO, Google Scholar, Scopus, Web of Science, and Science Direct. The inclusion criteria were studies that clearly defined AI in all aspects of the hospitality industry, were published and written in English and were peer-reviewed. Content analysis was employed. Results – The use of AI is a strategic and critical factor in economic development. Furthermore, AI technologies are increasingly being used as digital assistants. They help businesses in the hospitality industry in a variety of ways, including improving customer service, expanding operational capability, and lowering costs. However, there are some risks associated with AI advancements, such as job loss in low-tech sectors, loss of control due to robot autonomy, and safety, security, and privacy concerns. Conclusion – AI technologies have both positive and negative effects on the workforce and job employment in the hospitality industry. Recommendations – The recommendation is to consider a quantitative study regarding AI adoption in the hospitality industry or other sectors. Also, a qualitative approach could give a clear view of insight results for further study. Research Implications – This review article contributed to the existing literature on AI adoption in the hospitality industry. Hence, it could be used to guide future research on AI adoption in the hospitality industry. It may also aid academics in broadening their research by incorporating more potential elements. Practical Implications – This review article could lead to a better understanding of AI adoption in the hospitality industry. Moreover, it may assist business owners, managers, and marketers in the hospitality industry or any sector to achieve and enhance high business performance by implementing appropriate strategies to meet the needs and expectations of both customers and employees through the use of AI.

“FDI AND ITS IMPACT IN INDIA”

A major factor in India's economic growth and development, foreign direct investment (FDI) is a game-changer. In this article, we take a look at how foreign direct investment (FDI) has affected different parts of India's economy and how it has affected things like job creation, technology transfer, and GDP growth. The paper explores the main factors that attract foreign direct investment (FDI) to India and the obstacles that stand in the way of this trend through an extensive analysis of previous research and empirical data. Keywords: Foreign Direct Investment, India, economic growth, employment, technology transfer

Spatio-temporal evolution and influencing factors of high quality economic development: Case study of Guangdong-Hong Kong-Macao Greater Bay Area

With the increase in global economic integration, high-quality economic development (HQED) has become a common goal of all countries. Based on these five development concepts, this paper uses the Gini coefficient, trend surface analysis, geographically weighted regression (GWR), the entropy weighting method, and standard deviation ellipse analysis to study the spatio-temporal pattern and driving mechanism of HQED in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). This paper examines the spatial and temporal patterns and driving mechanisms of HQED in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) based on five development concepts. The study revealed that (1) HQED is on the rise overall, but at the same time, it highlights the uneven development of multiple dimensions, especially in terms of significant differences in innovation, openness, and sharing. (2) HQED shows a clear center-periphery structure, with Guangzhou, Shenzhen, and Hong Kong as the core high-value areas; the growth rate of HQED capacity in the internal areas is significantly greater than that in the external areas, and HQED is prominent in the cities around Guangzhou, Shenzhen, and Hong Kong. (3) Factors such as agglomeration level, human capital, foreign investment, infrastructure development, financial and environmental protection expenditures, and financial inputs, and scientific, and technological inputs have a significant positive effect on HQED, and their interactions are further strengthened. This study reveals the importance of the realization of HQED in the GBA and the promotion of the overall development of the region.

Impact of New Energy Industry Agglomeration on Green Innovation Efficiency—Based on the Regulative Effect of Green Finance

With the implementation of China’s innovation-driven high-quality economic development strategy, green and innovation are already the key factors of economic development. Therefore, developing green industry and improving regional green innovation have attracted wide attention and are of great significance to the sustainable development of China’s economy. Therefore, starting from China’s provincial panel from 2012 to 2021, this paper first uses the super-efficiency relaxation data envelopment analysis model (Super-SBM) to estimate green innovation efficiency (GI) and then uses the location entropy to measure the regional agglomeration level of the new energy industry (agg). Then, the generalized estimation of moments (GMM) model is used to explore the impact of agg on GI and verify the regulatory mechanism of green finance (GF). The results are as follows: (1) agg presents a distribution of “the highest in the eastern region, followed by the central region, and the lowest in the western region”, (2) agg can facilitate the improvement of GI, and in accordance with the threshold model, moderate GF will further amplify this effect. Therefore, the state and government should further promote the green finance policy, guide new energy enterprises to gather and contribute to the sustainable development of China’s economy.

How Culture Impacts Economic Development: A Cross-country Comparison

The significance of cultural factors in economic development is analyzed. Culture here refers to values, behaviors, and beliefs. Culture alone cannot explain development, but there are some factors that help us understand why some countries develop faster than others. The study makes use of the World Values Survey as a road map for analysis using cross-cultural comparisons. The analysis focuses on two key core values: trust and achievement. This is applied to two regions: East Asia (Japan and Korea) and Latin America (Mexico and Peru). The aim is to examine how aspects of culture help accelerate or impede development.

Hedging desperation: How kinship networks reduced cannibalism in historical China

Survival cannibalism persisted across human societies until recently. What drove the decline in cannibalism and other forms of violence? Using data from the 1470–1910 period, this paper documents that in historical China, the Confucian clan—an institutionalized kinship network—acted as an informal internal market to facilitate intra-clan resource pooling and risk-sharing, thus reducing the need for cannibalism during times of drought-related famine. The risk mitigation role of the clan remains robust after controlling for economic development and other factors and ruling out alternative channels. Thus, kinship networks and their associated culture contributed to human civilizational development before the advent of formal markets.

What influences the performance of carbon emissions in China?-Research on the inter-provincial carbon emissions' conditional configuration impacts.

The severe global warming issue currently threatens humans' existence and development. Countries and international organizations have effectively implemented policies to reduce carbon emissions and investigate low-carbon growth strategies. Reducing carbon emissions is a hot topic that academics and government policy-making departments are concerned about.Through necessary condition analysis (NCA) and fuzzy set qualitative comparative analysis(fsQCA), this paper investigates local governments' configuration linkage effect and path choice to improve carbon emission performance from six dimensions: energy consumption, industrial structure, technological innovation, government support, economic development, and demographic factors. The research findings include the following: (1) Individual condition does not represent necessary conditions for the government's carbon performance. Among the two sets of second-order equivalence configurations(S and Q) (five high-level carbon performance configurations), those dominated by economic development or low energy consumption can produce high-level carbon performance. Therefore, the six antecedent conditions dimensions work together to explain how the government can create high levels of carbon performance. (2)According to the regional comparison, China's eastern, central, and western regions exhibit similarities and differences in the driving forces behind high carbon emission performance. All three regions can demonstrate carbon emission performance when all the factors are combined. However, when constrained by the conditions of each region's resource endowment, the eastern region emphasizes the advantage of economic and technological innovation, the central region favors government support and demographic factors, and the western region prefers upgrading industrial structure based on a specific level of economic development.

Responses of streamflow to forest expansion in a typical subhumid watershed under future climate conditions

Water availability in the subhumid region is highly vulnerable to frequent droughts. Water scarcity in this region has become a limiting factor for ecosystem health, human livelihood, and regional economic development. A notable pattern of land cover change in the subhumid region of the United States is the increasing forest area due to afforestation/reforestation and woody plant encroachment (WPE). Given the distinct hydrological processes and runoff generation between forests and grasslands, it is important to evaluate the impacts of forest expansion on water resources, especially under future climate conditions. In this study, we focused on a typical subhumid watershed in the United States – the Little River Watershed (LRW). Utilizing SWAT + simulations, we projected streamflow dynamics at the end of the 21st century in two climate scenarios (RCP45 and RCP85) and eleven forest expansion scenarios. In comparison to the period of 2000–2019, future climate change during 2080–2099 will increase streamflow in the Little River by 5.1% in the RCP45 but reduce streamflow significantly by 30.1% in the RCP85. Additionally, our simulations revealed a linear decline in streamflow with increasing forest coverage. If all grasslands in LRW were converted into forests, it would lead to an additional 41% reduction in streamflow. Of significant concern is Lake Thunderbird, the primary reservoir supplying drinking water to the Oklahoma City metropolitan area. Our simulation showed that if all grasslands were replaced by forests, Lake Thunderbird during 2080–2099 would experience an average of 8.6 years in the RCP45 and 9.4 years in the RCP85 with water inflow amount lower than that during the extreme drought event in 2011/2012. These findings hold crucial implications for the formulation of policies related to afforestation/reforestation and WPE management in subhumid regions, which is essential to ensuring the sustainability of water resources.

Implications of Education for Entrepreneurial Abilities: Formal Versus Non-Formal Education

Entrepreneurship is one of the driving factors in economic development and entrepreneurial ability requires education, both formal and non-formal, to develop individual knowledge and experience in carrying out entrepreneurial activities. This research aims to determine the implications of education for entrepreneurial abilities: formal vs non-formal education through the responses of business actors, as well as the differences in entrepreneurial abilities between individuals who have attended formal education and individuals who have attended non-formal education. This research uses a quantitative research design with case studies in Indonesia. Sample selection using purposive sampling. The data used is primary data (demographic data, attitudes, and views of business actors) and secondary data in the form of sales volume or income from business. The data collection technique used was by distributing questionnaires. Data analysis was carried out using the ANOVA test. The research results show that non-formal education has a more significant influence on entrepreneurial abilities compared to formal education. Through direct experience, practical skills, and the flexibility of non-education, it can encourage entrepreneurial abilities and offers opportunities to adapt to the dynamics of the business world which are changing rapidly in line with the needs of the business world which continues to develop. Through non-formal education, we can gain practical skills, direct experience, and readiness to face real business challenges.

Отношение студентов к конвертации биологического капитала в экономический в условиях цифровизации общества на примере онлайн-платформы OnlyFans

This article examines the phenomenon of biological capital conversion as a way of commercialization of ap-pearance in the conditions of digitalization of society on the example of the online platform OnlyFans. Despite the fact that one of the main factors of economic development is cultural capital, biological capital plays a very important role nowadays. Moreover, the possibilities of commercialization of biological capital have expanded due to the high rates of digitalization. To confirm the relevance of the topic, a content analysis of news publica-tions was carried out and an author’s pilot study was conducted aimed at clarifying the attitude of Financial Uni-versity students to the conversion of biological capital in the conditions of digitalization of society using the ex-ample of the OnlyFans online platform. Content publication on OnlyFans platform is considered both in terms of objectification and growth of subjectivity. Possible research perspectives related to content users and content creators on the OnlyFans platform were described.

Изменения границ внутри человеческого общества. В преддверии постгуманизма

With the prevailing ideas of humanism in the public consciousness, many boundaries were created that divide people into categories. At the same time, on one side of the border there are those who are more deserving of the title ‘human’ in comparison with those who are on the other side. Over the course of history, these borders have been actively rebuilt, and the pace of their changes has become increasingly rapid in recent years. The article examines changes at five such boundaries: between men and women, according to belonging to different religious denominations, to different nationalities and races, between healthy people and disabled people (including between the mentally healthy and the crazy), as well as changes in attitudes over time to the homeless and tramps. The author considers the consequences of changes that have already occurred or are planned at each of these five boundaries. The author believes that a mandatory factor in global economic development has always been the “friendly-alien” division. With the help of such division in economic activity, trust is generated, which is the most important institution necessary for the existence and development of the economy and social organization. Trust facilitates the interaction of economic agents and facilitates the functioning of monetary mechanisms. Large-scale attempts to erase boundaries between people are being made through coups and revolutions, but they lead to the replacement of previously existing boundaries between people with new ones. An attempt to eliminate classes leads to the creation of a new system of boundaries - property inequality. An attempt to eliminate property inequality and the exploitation of man by man leads to the creation of a new system of boundaries – by the place in the vertical of power, by membership in the ruling party, and others. For this reason, with any reforms and radical transformations, it is advisable to anticipate the formation of new borders, and also to evaluate if they are much better than the previous ones in terms of social justice and economic efficiency.

Retraction Note: Industrial structure optimization, economic development factors and regional economic risk prevention in post COVID-19 period: empirical analysis based on panel data of Guangdong regional economy

Retraction Note: Industrial structure optimization, economic development factors and regional economic risk prevention in post COVID-19 period: empirical analysis based on panel data of Guangdong regional economy

ПЕРСОНІФІКОВАНИЙ ПІДХІД ДО ВИВЧЕННЯ ПРОБЛЕМИ ОСВІТНЬО-ПЕДАГОГІЧНОГО ПРОГНОЗУВАННЯ В УКРАЇНСЬКІЙ СОЦІАЛІСТИЧНІЙ РАДЯНСЬКІЙ РЕСПУБЛІЦІ (1930 – 1940 рр.)

The article highlights a personalized approach to the study of the problem of educational and pedagogical prognostication in the Ukrainian Soviet Socialist Republic of the period 1930 – 1940. The author emphasizes that the analysis of the theory and practice of education and upbringing in the conditions of various socio-economic formations from the point of view of a personalized approach contributes to the deepening and expansion of the worldview, provides full information about important concepts and education systems of the past. In the context of the research problem, the author singles out the experience of the following educators S. Kh. Chavdarov, S. A. Lytvynov, P. P. Blonskyi, Ya. A. Mamontov, O. S. Zaluzhnyi, S. A. Ananin. S. Kh. Chavdarov developed the general questions of the methodology of teaching the Ukrainian language, the methodology of teaching phonetics and grammar, the teaching of spelling, punctuation, and the methodology of students' speech development in Ukrainian language lessons. The study of the theoretical heritage of the scientist-educator S. A. Lytvynov allows us to understand the past experience from the standpoint of modernity, to reveal its place in the general gradual process of development of domestic pedagogical science. The basic pedagogical principles of mass incomplete secondary education on the basis of polytechnicism and the connection of education with labour as factors of social development of the individual were formulated by P. P. Blonskyi. The educator Ya. A. Mamontov gave special importance to the problems of aesthetic education, the goal of which he believed was the development of a person's aesthetic perception of the world. Ukrainian educator, reflexologist, pedologist O. S. Zaluzhnyi mainly researched children's teams, issues of children's interests, school success, labour training in children's groups. Ukrainian educator and psychologist S. A. Ananin gave the main place to labour education, considering it an important factor in the country's economic development and an effective means of forming a person.

Small Entrepreneurship and Innovations in Azerbaijan

Small businesses play a critical role in the global economy by driving innovation, creating jobs and contributing to local communities. Small businesses, defined by their size, typically with fewer employees and lower revenues than large corporations, are diverse and dynamic businesses operating in a variety of industries. Small businesses in Azerbaijan are growing steadily, thanks to a combination of government initiatives, a growing startup ecosystem and a young, tech-savvy population. The country, located at the crossroads of Eastern Europe and Western Asia, views innovation as a key factor in economic development. Government support for small businesses has played an important role in the development of entrepreneurship. Initiatives such as tax incentives, financing programs and simplified regulatory processes are aimed at creating an enabling environment for startups. Azerbaijan’s strategic location and rich natural resources have also opened up opportunities in various sectors, from agriculture to technology. In recent years, the field of technology startups in Azerbaijan has been gaining momentum. Baku, the capital, has become a hub of innovation, hosting events, incubators and accelerators that nurture local talent. Young entrepreneurs are using technology to create solutions that solve both local and global problems. Fintech, agritech and medtech are just some of the sectors that are seeing notable innovation. Despite progress, challenges remain such as access to finance, market competition and the need for further infrastructure development. However, the entrepreneurial spirit in Azerbaijan remains strong, with a growing emphasis on collaboration, knowledge sharing and mentoring. As small businesses continue to drive economic diversification and technological progress, Azerbaijan is positioning itself as a promising landscape for innovative entrepreneurship.

The Innovation Behaviour of Turkish Manufacturing Firms: An Analysis of Additionality

Innovation and R&D activities have significant effects on economic development and firm success. Innovation is a key factor in economic development through productivity gains. However, firms do not perform the socially optimal level of innovation due to market failures. Therefore, innovation activity is largely supported by governments for both developed and developing countries with the aim of creating additionality. While additionality effects from government supports are widely discussed for developed countries, there is scarce evidence for developing countries. The aim of this article is to analyse innovation behaviour of Turkish firms based on firm characteristics. Further, the behavioural additionality of government support is also analysed in order to provide a full picture. For this aim, the innovation structure is analysed using a multinomial logit model and the additionality effects are analysed using the propensity score matching (PSM) technique. Results indicate that firms that are profit-oriented, produce for the internal market and have an internal R&D unit, are more likely to implement organization and/or marketing innovation in comparison with product innovation. In addition, the same pattern is observed in companies that received government support. The results additionality indicate positive effects on behavioural additionality; however, this effect is evaluated to be limited.

CORRELATION ANALYSIS OF THE IMPACT OF SANCTIONS ON STOCK AND INDUSTRY INDICES OF COUNTRIES INITIATING SANCTIONS AND COUNTRIES UNDER SANCTIONS

This paper presents the analysis and assessment of the impact on financial markets of the consequences of sanctions imposed at the initiative of the United States and the European Union in March 2014. One of the factors for sustainable economic development in the context of imposed sanctions is the stability of financial markets. To assess the consequences of the impact of sanctions on financial markets, we performed a correlation analysis of stock and industry indices of countries initiating sanctions and countries which are subject of sanctions, including Russia. The use of correlation analysis using current data made it possible to determine the presence, direction and strength of the relationship, and to assess the statistical significance of the obtained data in the context of leading stock and industry indices. For a detailed analysis of the impact of sanctions measures, calculations were carried out using a market model for assessing the returns of stock and industry indices, taking into account the leading factor. There is a close connection between the selected industry indices and the majority of industry indices of the countries initiating sanctions and, at the same time, there is a weak connection with the industry indices of countries subject to sanctions, including Russia. The study showed the insignificant effectiveness of the impact of sanctions measures on the Russian financial market. Based on the correlation analysis carried out, further research will allow to assess not only the impact of sanctions on the economies of the countries on which these sanctions are imposed, but also to analyze the reverse effect for the countries initiating the sanctions.

Opportunities and threats to shaping energy security in the conditions of development and use of new technologies

Abstract This article aims to show the areas in which technological changes will take place to bring about energy security, and the prerequisites and costs. It has been assumed that technological progress will contribute to the development of energy markets and increase the level of energy security. Changes in energy markets are a necessity. Energy is a source of economic competitiveness. The ability to produce cheap energy and in quantities adequate to needs is a social and economic development factor. The opportunities for change will be the need for new energy sources, instability in the energy markets, as well as technological progress. New technological solutions allow for better energy demand and supply management and preparing forecasts for increases/decreases in the energy demand. The threats are high costs of introducing new technologies and the necessity of implementing many investments at the same time, which require changes in entire systems. Investments require a long period of time and anticipation of trends.