System Economic Growth Research Articles

The perspective of balancing economic growth healthcare system and environmental prevention the efficient budget for ASEAN-3 countries

Based on real situations that mankind is confronting with the difficult era; insufficiency in food supplies, natural disasters, epidemic, etc. The paper is to econometrically compute portfolio optimization and predict efficiency frontiers for solving the most sensible scenario to suggest a sustainable policy in the three important pillars such as the growth of economic systems, environmental management, and public healthcare. The main observations are annual time-series information between 2000 and 2017 and collected from three countries in ASEAN. Singapore, Thailand, and Malaysia are the target. Methodologically, this research is to apply the quantum mechanism and the wave function for clarifying a real data distribution; true mean, and standard deviation of the data. These outcomes are the initial raw material for the modern portfolio optimization (for short-run policies) and efficient frontier computation (for long-term policies). Empirically, the results show some exclusive issues that can be the help for managing feasible budget allocations fairly and sustainably.

ИНВЕСТИЦИИ КАК ДРАЙВЕР РОСТА СЕЛЬСКОХОЗЯЙСТВЕННОЙ ОТРАСЛИ (НА ПРИМЕРЕ РЕСПУБЛИКИ ТАТАРСТАН)

In economically developed countries of the world, agricultural industries are actively supported by the government through the implementation of various kinds of programs, which is explained by the high social significance of the industry. Due to the low profitability of the industry, the debt burden of most enterprises, as well as the high wear and tear of fixed assets, the development of the agricultural industry is possible only if it is integrated into the overall system of economic growth. In order to achieve this condition, the government of the Republic of Tatarstan is actively improving the investment climate in this area of the economy by implementing measures such as: - subsidizing the renewal of fixed assets of enterprises (at least 50% of acquisitions are compensated by the government of the Republic of Tatarstan through various programs); - integration of modern technical programs that allow you to control and analyze each stage of production by an enterprise (Agrosignal, Teleagronom, Dayy Comp, etc.); - the launch of new production departments of enterprises (for example, an elevator in the city of Zelenodolsk), as well as the modernization of current production facilities. The above measures, carried out by the government of Tatarstan, lead to the following improvements: 1) the debt load of enterprises is reduced; 2) the productivity of the activity increases; 3) cost savings occur, which, in turn, increases the profitability of production. In addition, these changes have a positive impact on the following important components of the development of the agrarian sector of the economy: - social: a) creating jobs and attracting young personnel, creating competitive conditions for employment; b) ensuring food autonomy of the state; - financial: a) attracting private investors to the industry; b) replenishment of the state budget (through taxation) using one of the main sources of taxation for the budget - income tax.

The Perspective of Balancing the Economic Growth of Healthcare Systems and Environmental Prevention

Based on real situations that mankind is confronting with the difficult era; insufficiency in food supplies, natural disasters, epidemic, etc. The paper is to econometrically compute portfolio optimization and predict efficiency frontiers for solving the most sensible scenario to suggest a sustainable policy in the three important pillars such as the growth of economic systems, environmental management, and public healthcare. The main observations are annual time-series information between 2000 and 2017 and collected from three countries in ASEAN. Singapore, Thailand, and Malaysia are the target. Methodologically, this research is to apply the quantum mechanism and the wave function for clarifying a real data distribution; true mean, and standard deviation of the data. These outcomes are the initial raw material for the modern portfolio optimization (for short-run policies) and efficient frontier computation (for long-term policies). Empirically, the results show some exclusive issues that can be the help for managing feasible budget allocations fairly and sustainably.

Traditional and Perspective Methods of Corporate Non-Performing Loans Rejustment (Liquidation)

Article covers issues of banks’ corporate non-performing and overdue loans management (liquidation). Authors make revision of methods that banks usually use for current goal solution and develop concepts of approaches to non-performing loans management that could become out the perspective alternative for traditional methods. Scientific novelty of the manuscript is in developing the methods (modifications of methods) of bank corporate nonperforming loans rejustment (liquidation). The principle of the first method is in changing conditions of corporate debt repayment - the new conditions must be determined by financial possibilities of the borrower. The main idea of the second one is in non-performing or overdue debt sell on the quasiequivalent terms. At that article set the modification of the second method, based on the idea of the expansion of the list of types of securities used for nonperforming loans exchange deals and provides with the substantiation of the author's position. In addition, the manuscript presents algorithms of mentioned perspective methods implementation. Article is based on the studies of leading Russian economists in the field of national economic system growth, banking, corporate non-performing loans management.

DEA Window Analysis of Insurance Sector Efficiency in the Republic of Serbia

Abstract Insurance market is characterized by growing competition. This has imposed needs relating to the continuous capacity building of insurance companies, the continuous improvement of operating results and the assessment of the effects of insurers’ financial investment. The ultimate goal of these activities is to implement the planned goals and achieve positive business results. It is evident that the financial stability and efficiency of the insurance sector strengthens the confidence of citizens in this type of financial intermediaries. Bearing in mind the importance of the insurance sector for the financial system and economic system growth and development, the research subject is the analysis of the insurance sector efficiency in the Republic of Serbia. The main research objective is to look at the insurance sector efficiency through the performance analysis of nine selected insurance companies in the period 2007-2018, using DEA window analysis. The analysis and systematization of theoretical research findings, along with empirical data interpretation, description and comparison yielded results pointing to very poor performance of the insurance sector as a whole, because in all years of the observed period the relative average efficiency (technical, pure technical and scale efficiency) was below 100%, especially in the period 2015-2018.

AN ANALYSIS OF THE IMPACT OF CHINA'S REGIONAL AGRICULTURAL EXPORT TRADE ON ECONOMIC GROWTH

Since the reform and opening up, especially since its accession to the WTO, China has become an important agricultural trade country in the world. As China's agriculture and the entire national economy share the benefits of global economic integration, they must also meet the impact of fierce market competition, price fluctuations and industrial restructuring caused by this. This study puts the export trade of agricultural products into the national economic growth system and explores the impact and contribution of agricultural export trade to China's economic growth. Based on the theory of international trade in agricultural products and economic growth, the paper analyzes the analysis framework of the impact of international trade in agricultural products on China's regional economic growth. First, based on the realistic understanding of the development of China's agricultural export trade, comprehensive and systematic analysis of the characteristics of China's agricultural export trade development to determine the future trend of it. Secondly, the correlation analysis of SPSS software is used to verify the impact of agricultural export trade on economic growth. Third, based on the test and analysis of the research results, systematically evaluate the contribution of agricultural export trade to China's economic growth. Studies have shown that the increase in agricultural export trade has made great contributions to China's economic development and has become increasingly prominent in economic development. This paper uses the economic data from 2010 to 2017. According to China's 31 administrative divisions and the three economic divisions of the eastern, central and western regions, the technical methods such as absolute value increment analysis and correlation analysis are used to explain the promotion of regional agricultural products to economic development. To this end, China needs to increase investment in agricultural science and technology, promote the development of agricultural industrialization, improve the circulation of agricultural products, reduce the transaction costs of agricultural products, improve the efficiency of international trade in agricultural products, and continuously improve the comprehensive production capacity and international competitiveness of Chinese agricultural products. Keywords: China, regional agricultural products, exports, economic growth, correlation analysis, impact.

The Spontaneous Development of Society and the Problem of Forecasting the Future

The article discusses the development of modern society. In the author’s opinion, the prediction of society development is not possible due to the spontaneity of social processes. The contemporary social development is characterized by transition values: strategic instability, permanent crisis, decay of morality, degradation of the ecological environment, increase of international terrorism, danger of nuclear war, etc. Each epoch, including an epoch of uncertainty, gives rise to its own mechanisms for regulating world development, which are based on the historical memory of mankind, on the acknowledgment of the value of peaceful coexistence and the acceptance of human life as the highest value. Preventing war is the main value of world development. The crucial decisions of country’s further development are dictated by the security of the state. The author demonstrates that in our time the ideal of progress evolves from the concept of accelerated innovation changes into the ideal of sustainable development, which presumes the formation of new values as a condition for the transition to new strategies of civilizational development. The current system of economic growth has its own value foundation – a consumer society. The preservation of a consumer society or the transition to alternative development scenarios largely depend on the achievements of the social sciences and humanities. The future will come without our will, but are we ready to accept this alien and unpredictable future? That is why we cannot passively await the future. The future will not arise by itself, the future will be what we make it.

A circular economy and industrial ecology toolbox for developing an eco-industrial park: perspectives from French policy

The twentieth century was characterized by an increase in research studies concerning the interactions between economic system growth and environmental deterioration issues. Faced with this background, circular economy (CE) and its industrial ecology (IE) pillar seem to be an efficient way to achieve sustainable development within the industrial sector. IE consists of optimizing the networking among industries by using energy and material exchange, which are generated from by-products and waste stocks. It aims to improve the environmental potentialities of integrated clusters called eco-industrial parks (EIPs). Policy in the European Union countries and in French territories has positively influenced such EIP implementation by the establishment of a set of measures to develop the industrial symbiosis performances. The present paper reviews the key drivers to identify the methods and tools to integrate the life cycle thinking approach that defines the following five phases: design, layout, commercialization, operating and renewal phases. A toolbox for developing an EIP from scratch according to French policy is developed and discussed. This study defines a framework involving a factual eco-industrial park and network. The industrial application is a new EIP, namely “Les Portes du Tarn”. It is located in the south of France and acts as an experimental field. The paper provides current results for commercialization and operating, including a model of an organizational process, a decision-making process, information technology tools and systems to manage sustainable development. It highlights the CE and IE challenges surrounding enhancing the social acceptability of an industrial park project through adaptation of a relevant governance model and establishment of a continuing collaborative context and trust relationship between diverse actors. The first candidate companies’ achievements are discussed and demonstrate the first benefits of toolbox. The paper delivers a toolbox, feedback and some good practices to support the development of EIP project from greenfield.

SUSTAINABLE DEVELOPMENT OF ECONOMIC SYSTEMS: PROJECT-DECENTRALIZATION APPROACH

Topicality. The conceptual foundations of institutional support for the development of regional economic systems around the world are in state of constant transformation according to the impact of key topical trends. During the last two decades, the EU has adopted policy of active investment support for the development of local destinations, territorial centers of resource concentration and economic growth. The general rules of the investment activities conducting are combined with targeted measures of support for the implementation of strategically significant projects. The emphasis in the European regional policy has shifted towards the will of the investments attracting so much that, in fact, the whole policy of stimulating of regional sustainable development has turned into investment policy. An important task for the practical implementation of tools for a project, decentralization approach is the development of methodical tools for the preparation and execution of priority investment projects in the territorial communities in order to develop scientific and applied tools. Even the consideration of specific practical situations is urgent with the purpose of generation of new organizational and economic mechanisms that are to stimulate investment development of territories. Despite numerous theoretical and applied developments in the field of the socio-economic development stimulation of regions and territorial communities, the questions remain unanswered regarding the methodological bases for regulation of priority areas of economic activity of territorial communities and methodological approaches to selection, assessment of the degree of perspective and promotion of implementation of priority investment projects taking into account the specifics and the concentration of local resources. In more specific and applied aspects, the issue of project incentives for socio-economic development of communities is unresolved for the conditions of the national economy, on the basis of decentralization reform and taking into account the requirements of the ideology of sustainable development. Also, the description of various situations with the organization of socio-economic development of the territorial community in the conditions of decentralization, as an example of concrete projects, is still insufficiently considered.Aim and tasks. The purpose of the article is to formulate conceptual foundations, methodological approaches to the stimulation of the sustainable development of territorial communities in the conditions of decentralization, using the best European principles, practices and on the basis of specific situation description of the development and implementation of a long-term investment project for the territorial community. Consideration of the prospects and key aspects of the implementation of investment projects will be considered on the example of the planned association of the Lyman united territorial community of the Tatarbunarian district of the Odessa region.Research results. The conceptual, methodical principles of project support of investment activity in territorial communities are considered, algorithm of selection and support of investment project realization, which is a priority for the territorial community, is defined. There is considered, on the example of the Lyman United Territorial Community, a project on integrated recycling and rational waste management, the results of which the experts of the Institute for Market Problems and Economic & Ecological Research of the National Academy of Sciences of Ukraine with representatives of the future community testify to the demand for an individual, pro-project approach to the solution of territorial communities problems, on the basis of local features. Thus, in the considered example, taking into account the specifics of composition, volumes, garbage structure and taking into account the seasonal fluctuations in its formation, the original methods are proposed that are available for the community during the processing of waste products into useful products, which are in demand, first of all, in the domestic market segment of the same community. The economic, social, ecological effectiveness of this project is determined, prospects of viability and opportunities for project development are estimated.Conclusions. The experience of working with representatives of territorial communities in the field of implementation of scientific and applied developments to stimulate the socio-economic growth of economic systems on the basis of sustainable development suggests the need for methodological tools on planning sustainable development of territorial communities in the context of decentralization reform.The prospects of the proposed approach include the possibility of local administration and application of measures of economic and organizational assistance for the implementation of such unique projects by the very same territorial community. Support for promising investment projects can be carried out directly by the administrations of territorial communities on the basis of scientifically substantiated principles concerning economic, tax, organizational and other types of regulation.

THE ESSENCE OF THE CONCEPT “HETEROGENEITY”

The processes of industrial relations that existed in different periods of development predetermine the emergence of different structures of their gradual transformation, modification and improvement have been investigated. The analysis of the formation of heterogeneity according to the periods of development of mankind has been carried out.It has been proved that taking into account the complexity of the operation of different structures in modern economic conditions, it is necessary to provide the whole complex of conditions for creation of a favorable business climate and its transformation into a system of economic growth. The strategic priorities of the development of organizational and legal forms in the conditions of heterogeneity have been determined.

Measurement of Economic Growth and Convergence: A New Approach

This note presents a simple model to measure the relative economic growth of economic systems. The model considers S-Shaped pattern of economic growth which represented with a linear model provides information on how an economic system growth in comparison with another one. In particular, this model introduces a criterion which indicates if the dynamic of economic system has following a process of economic growth or development.

Regional Disparities in Public Transport –A Study in Madurai District

Objectives: This paper examines the satisfaction level of villagers towards the public transport facilities provided by the Government with respect to factors like: frequency of public transport, waiting time by villagers for buses, bus provision to different areas in Madurai, number of buses operated in Utchapatti village route and service quality of public transports. Methods/Analysis: The study is a descriptive study with survey method. An interview schedule was prepared to solicit responses from villagers. The sample constituted 200 respondents from the Utchapatti village. Convenience sampling method was adopted for collecting the primary data through interview schedule. Secondary data were collected from websites and books. The data were analysed using appropriate statistical techniques such as Percentage analysis, weighted average, ANOVA and multiple regression. Findings: Compared to the bus provision to different areas and number of buses operated to the village, frequency of the bus operation is ranked high as per weighted average ranking. According to the multiple regression analysis, the variables frequency of buses and the commute time are identified as the major factors responsible for disparity in rural transport. Applications/Improvement: This paper provided a bird’s eye view of need for inclusive economic growth system which is to be initiated with mobility through provision of public transport to remote areas and the policy recommendations need to be reinvented by the Government.

Control of nonlinear delay differential equations in W2(1) with economic applications

The control of economic system's growth with delay is formulated to illustrate Euclidean ( E n ) and function space ( W 2 (1)) controllability of a general nonlinear delay equation. Sufficient conditions are given, in terms of the control matrix, for controllability of the general nonlinear system. These conditions are shown to be necessary for W 2 (1) controllability. The theory is then applied to a simple dynamics of gross national product and interest rate. The concept of function space controllability is very appropriate: once the target is hit, it remains on a certain growing function for some time.