Economic Development Stability Research Articles

Study on optimization of maize irrigation scheduling in Shaanxi Province

With the impact of climate change in recent years, the instability of precipitation and the increase of evaporation have made water resources in Shaanxi Province more and more stressed. How to maintain stable economic development while ensuring the sustainable development of agriculture within the limited water resources has become an important issue facing Shaanxi Province. This paper analyzes the temporal and spatial distribution characteristics of maize irrigation water requirement in Shaanxi Province based on meteorological data and obtains the ideal irrigation water requirement. However, considering the agricultural water scarcity issue in this region, this paper establishes different water scarcity scenarios, adopts the Jensen model to construct an objective function aimed at minimizing crop yield reduction, and solves it using a genetic algorithm to obtain the optimized maize irrigation scheduling under different water scarcity scenarios. The results analysis indicates the following: (1) The effective rainfall in Shaanxi Province from 1960 to 2019 shows a slight upward trend, while the maize water requirement and maize irrigation water requirement shows a downward trend. (2) The spatial distribution of maize irrigation water requirement in Shaanxi Province decreases gradually from north to south. High-value areas are mainly distributed in the northern regions of Yulin City and Yan’an City in Shanbei. Low-value areas are distributed in Ankang City in Shannan. (3) In the face of water scarcity, spring maize should ensure water use during the middle growth period, fast development period, and initial growth periods. Under the same water scarcity conditions, the yield reduction rate is the highest in Guanzhong, followed by the Shannan, and the lowest in Shanbei. This paper aims to provide a scientific and reasonable optimization plan for maize irrigation in Shaanxi Province by calculating and analyzing the maize irrigation water requirement in Shaanxi Province, combined with optimization tools such as genetic algorithms, to address the challenges brought by water resource constraints.

Демографический спад и экономический рост: анализ причин и успешных решений в мировой практике

The article examines the impact of the demographic recession on economic growth, with an emphasis on the experience of foreign countries. In the face of an aging population and a shrinking workforce, many states are grappling with the challenges of sustaining stable economic development. The author analyzes examples from various global economies, exploring strategies employed to mitigate demographic changes, including stimulating innovation, increasing labor productivity, utilization of migration policy resources, and human capital development. Particular attention is paid to developed economies, where demographic issues most acutely affect long-term economic prospects. The author concludes that successful solutions to demographic challenges can be achieved through the implementation of a comprehensive approach and active collaboration among government entities, businesses, and society at large.

CURRENT STATE AND DIRECTIONS OF FINANCIAL ARCHITECTONICS DEVELOPMENT

The article presents an analysis of the evolution of financial architectonics in the context of globalisation, identifying the principal avenues for its advancement in order to guarantee the stability and efficacy of financial systems. The topic is of great relevance in light of the necessity to reform the extant financial system in the context of economic globalisation and the interdependence of countries. The global financial crisis of 2008 and the crisis caused by the pandemic of 2019-2021 have demonstrated the deficiencies of the extant financial architecture and the necessity of modernising it to guarantee the stability and resilience of financial systems. The research methodology employed a combination of monographic, comparative, and content analysis techniques to examine a substantial corpus of scientific literature. This approach facilitated an in-depth investigation of the predominant methodologies for interpreting financial architectonics and a comprehensive analysis of the diverse experiences of countries in developing financial systems. The findings of the study indicated that the efficacy of financial architectonics is contingent upon the presence of active and stable risk markets that facilitate access to essential financial data and investor protection mechanisms. It was determined that contemporary financial systems frequently fail to satisfy the requirements of a globalised economy, thereby necessitating their reform. The development of new regulatory mechanisms for financial markets and institutions, as well as the creation of international standards and codes of conduct, have become the primary avenues for achieving financial stability. The practical value of this article lies in its capacity to inform the development of novel approaches to the management of financial systems at both national and international levels. The proposed recommendations for the development of financial architectonics can assist governments and financial institutions in responding in a more effective manner to global financial crises and ensuring stable economic development.

Sustainable Development of European Countries: The Climate Component

This article provides a cause-and-effect analysis of the impact of carbon emissions on climate change and on the sustainable development of European countries. Despite the consolidated efforts of the world community, the global amount of greenhouse gas emissions is not decreasing, leading to irreversible climate change. The objective of this paper is to explore Europe’s progress towards climate neutrality in the context of ensuring sustainable development and achieving the goals of the European Green Deal. The article aims to establish an econometric relationship between the amount of carbon emissions and the energy intensity of GDP based on statistical data from European countries, and using the example of Ukraine during a full-scale invasion to demonstrate factors that influence greenhouse-gas- emissions growth despite GDP. A significant aspect of this study is an analysis of data from 2012–2022, which indicates that Europe has reduced CO2 emissions and is successfully moving towards climate neutrality. Key efforts of EU countries in preventing climate change and transitioning to renewable energy sources are reflected in the context of the Green Deal. Based on econometric calculations, the direct relationship between the amount of carbon emissions and energy intensity of GDP in European countries was confirmed with a probability of 0.95. The obtained interdependence allows one to predict the amount of CO2 emissions based on known values of energy intensity of GDP during stable economic development. Special attention was paid to Ukraine and the increase in CO2 emissions due to the war. The authors concluded that the war disrupted the relationship between GDP and CO2 emissions, leading to a 23% increase in emissions in 2022. Overcoming the climate crisis and ensuring sustainable development requires a global decarbonisation strategy. However, effective climate policy is impossible without achieving peace.

Economic Security in Sub-Saharan Africa: Possible Ways to Address New Challenges

The observed decline in the level of Sub-Saharan Africa’s (SSA) countries economic security is due to the increasing influence of both external factors (the rising volatility of global financial and commodity markets, changes in the policies of international economic organizations and a number of countries, etc.) and internal factors, largely related to their own socio-economic and, in some cases, political instability. This is manifested primarily in the insufficient food supply in the SSA countries as a consequence of the ongoing agricultural crisis. Possible ways to overcome this challenge are connected with the transformation of the agriculture sectors into productive, profitable, and reliable systems that will allow the SSA countries to reach and maintain food security. The agricultural policy aimed at this must take into account the specifics of the local crops and livestock production, the local climate, and the state of rural infrastructure, while making extensive use of new technologies and digital innovations. One of the most important factors for stable economic development is energy security in the context of the ongoing energy transition. The problematic state of energy supply in the SSA countries is manifested in the insufficient supply of electricity for both industrial sectors and the population, rolling blackouts, and rising tariffs. African countries see a solution to this challenge in implementing the strategy aimed at expanding national and regional networks based on the rational use of all available energy resources, creating off-grid systems and small-scale generation in remote areas using renewable energy sources, which will facilitate access to sustainable and technologically advanced energy. Further expansion of cooperation in almost all areas of the energy spectrum between African states and Russian public and private companies, as well as leading universities, will contribute to solving many problems of economic security in Sub-Saharan Africa.

Green Behavior Strategies in the Green Credit Market: Analysis of the Impacts of Enterprises’ Greenwashing and Blockchain Technology

With the degradation of the environment due to increasing ecological destruction and pollution, sustainable development has become the paramount objective of social progress. As a result, the concept of green development has garnered considerable attention, which is an important starting point for China to achieve stable economic development and sustainable ecological development. To achieve high-quality economic progress while advancing environmentally friendly practices, it is imperative to formulate and uphold a sound green credit system. However, the phenomenon of greenwashing by enterprises still exists, which compromises the efficacy of green credit and hinders the long-term sustainable and well-organized progress of green finance. Building on the background of green credit, considering the existence of blockchain and government subsidies and adopting the method of tripartite evolutionary game, this paper examines the strategic decisions made by the government, financial institutions, and small and medium-sized enterprises in the context of greenwashing. An emphasis is placed on the impact of blockchain technology on the three parties involved in the green credit market. The findings demonstrate that blockchain technology can diminish the likelihood of greenwashing by businesses and enhance the impact of government subsidies. However, it cannot replace the regulatory authority of the government in sustainable development. Moreover, excessive subsidies can stimulate more greenwashing practices, but eliminating subsidies does not eradicate the root of greenwashing. To encourage sustainable economic development and minimize corporate defaults, the government ought to reinforce supervision and establish a robust social surveillance and publicity mechanism. This paper broadens the research perspective on the effectiveness of green credit and provides some empirical and theoretical references for further promoting the green transformation of SMEs and the sustainable development of the ecological environment.

Features of inflation processes and prospects of the inflation targeting framework

In this article the feasibility of continuing the use of inflation targeting as a tool for ensuring economic stability in Ukraine is substantiated. The experience of the Czech Republic in conducting a stable economic policy has been studied and analyzed. It was concluded that, based on the experience of foreign countries, inflation targeting is an important issue for supporting the stable economic development as well as significant prerequisite for reducing the level of inflation in interaction with qualitative changes in the economic, financial, and social spheres.

Sustainable management of predatory fish affected by an Allee effect through marine protected areas and taxation

Ecological balance and stable economic development are crucial for the fishery. This study proposes a predator–prey system for marine communities, where the growth of predators follows the Allee effect and takes into account the rapid fluctuations in resource prices caused by supply and demand. The system predicts the existence of catastrophic equilibrium, which may lead to the extinction of prey, consequently leading to the extinction of predators, but fishing efforts remain high. Marine protected areas are established near fishing areas to avoid such situations. Fish migrate rapidly between these two areas and are only harvested in the nonprotected areas. A three-dimensional simplified model is derived by applying variable aggregation to describe the variation of global variables on a slow time scale. To seek conditions to avoid species extinction and maintain sustainable fishing activities, the existence of positive equilibrium points and their local stability are explored based on the simplified model. Moreover, the long-term impact of establishing marine protected areas and levying taxes based on unit catch on fishery dynamics is studied, and the optimal tax policy is obtained by applying Pontryagin’s maximum principle. The theoretical analysis and numerical examples of this study demonstrate the comprehensive effectiveness of increasing the proportion of marine protected areas and controlling taxes on the sustainable development of fishery.

A study about the prediction of population growth and demographic transition in Bangladesh

AbstractBangladesh is the smallest nation in South Asia, with the eighth-largest and tenth-largest population density globally. The main goal of this article is to find the population growth and demographic transition (DT) in Bangladesh. The time series data used in this paper were gathered from population surveys, national censuses, and UN Population division, population projections and estimates. There are numerous variations in the population's size and age distribution due to Bangladesh's continuing demographic transition, which creates possibilities for the economy and society and difficulties for policy. It must be successfully controlled to develop this population into stronger and more stable economic and social development. Bangladesh's population and policymakers observe increasing population growth concerns, as the country's economy and policies heavily depend on both the population's size and growth rate. Bangladesh's changing demographics are creating new economic opportunities, and the findings presented in this paper could be useful to planners and policymakers to enhance Bangladesh's population policy. At the end of the pioneering study, we presented graphically what the population of Bangladesh could be in 2000- 2100 and the impact it would have on Bangladesh.

Research on Energy Conservation and Emission-Reduction Effects of Green Finance: Evidence from China

The energy-saving and low-carbon development model is one of the important symbols of high-quality economic development. This article attempts to study the environmental effects of green finance from both theoretical and empirical perspectives, that is, to test whether green finance policies contribute to achieving energy conservation and emission reduction. This article is based on provincial panel data from 2007 to 2020 in China and constructs a dynamic spatial Durbin model to examine the impact of green finance on environmental pollution and energy intensity. The results indicate that (1) green finance can achieve a dual effect of energy conservation and emission reduction simultaneously and has a significant promoting effect on energy conservation and emission reduction in neighboring regions. This conclusion is still valid after conducting robustness tests. (2) The energy-saving and emission-reduction effects of green finance exhibit significant regional heterogeneity, indicating that the performance of green finance is more outstanding in the eastern region with a higher level of economic development. (3) Mechanism testing has found that green finance can achieve energy-saving and emission-reduction effects through four channels: environmental regulation, credit allocation, enterprise profits, and enterprise innovation. Therefore, in order to further promote high-quality economic development, we need to build a comprehensive and multi-level green finance system, enrich the green finance policy toolbox, and smooth the transmission channels of green finance to promote green and stable economic development.

Research on the Mechanism of the Carbon Emission Reduction Effect of Green Finance

Under the background of China’s “double carbon” policy, determining how to use the carbon emission reduction effect of green finance is an important starting point for China to achieve stable economic development and sustainable ecological development. By integrating provincial data from the CEADS, EPS, CSMAR, and CNRDS databases from 2003 to 2021, the two-way fixed-effect models are used to empirically test how green finance can exert a carbon emission reduction effect. This study finds that green finance can significantly reduce carbon emission intensity. A mechanism analysis shows that green finance can promote green technology innovation, induce social investment, and promote the disclosure of the social responsibility information of listed companies to reduce carbon emissions, which is still valid after a series of robustness tests. A heterogeneity analysis finds that the government’s environmental attention and the scale of financial industry development have heterogeneous effects on the carbon emission reduction mechanism of green finance. Both the government’s environmental attention and the scale of financial industry development can induce social investment, but the government’s environmental attention cannot promote the growth of green technology innovation, and the scale of financial industry development cannot promote the disclosure of the social responsibility information of listed companies. This paper broadens the research perspective of green finance to reduce carbon emissions and provides some empirical evidence and a theoretical reference to further promote the green transformation of the “two high and one surplus” industry and the sustainable development of the financial industry.

A Review of Rural Land Capitalization: Current Status and Further Research

Land stands as a crucial factor in the production process. The rational allocation of land resources and the enhancement of land use efficiency play pivotal roles in maintaining stable economic development. Various land use types facilitate the capitalization of land resources through activities such as land transfer, land investment, and large-scale land management. Presently, certain regions grapple with challenges characterized by abundant land resources, insufficient utilization of land elements, and a low degree of utilized land capitalization. To address these issues, scholars employ diverse research methods, delving into land capitalization from various perspectives. This paper provides a comprehensive review of the current academic research on land capitalization. It elucidates the conceptual nuances inherent in the process of land capitalization, traces the historical evolution of land capitalization, and establishes a research framework that considers land appreciation, ownership relationships, and functional transformations. By synthesizing and analyzing the existing research on land capitalization, this paper outlines the current status and identifies future research directions. It is concluded that land appropriation, ownership relationships and functional transformations are the three most important elements in the process of land capitalization. The paper proposes objectives for achieving high-quality development while avoiding excessive capitalization and the aim is to propel land capitalization as a catalyst for rural economic development.

Government Capacity: Evidence from Nepal

Autonomous local governments are essential for maintaining stable economic and social development mechanisms and democratic regimes. The prime objective of the article is to examine the impact of pressure-capacity variables on local governance. Two sources of data, such as NPHC 2021 and LISA are used. Overall local government of Nepal has still weak performance as only 38 percent of total municipals have secured good ranking status. Based on PCP framework, total score of 10 composite indicators generated by LISA and some population management related characteristics (e.g., sex ratio, population density, literacy, household size, and two food coping strategy related variables) have been examined using multiple regression to understand interrelationship response and explanatory variables. The statistical analysis shows that there is a string relationship between pressure and capacity variables. Individually, three population related variables such as sex ratio, literacy and household size are positively correlated with total score of 10 indicators with low coefficient of determination. In addition to strengthening existing gender status, educational level and population growth, more socioeconomic and environment related variables as explanatory variables are necessary to link government capacity and its performance in Nepal.

Market expansion analysis: Choosing between spain and saudi arabia for Dexiotis Security Solutions

The selected company for the marketing consultancy project was Dexiotis Security Solutions, the company started its journey in Hungary and also have its headquarters in the UK and Cyprus. The company is already operating its business activities on the global scale. And currently is planning to expand its business to a new country for which the company has chosen two countries, Spain and Saudi Arabia. This consultancy report thoroughly analyses the Spain and Saudi Arabia market and industry for suggest the better option for Dexiotis to expand its business. For analysing the market and industry, this report has addressed the macro-micro business environment analysis, industry analysis, integrated marketing plan and an approximate cost estimation to implement the plans in an appropriate order. According to the analyses and assessments of the research findings, Saudi Arabia has been chosen for Dexiotis to expand its business considering that the Saudi Arabia market is much more stable, politically favourable, has stable economic growth and development opportunities. Which would support Dexiotis to attract the potential clients.

Development of a Mechanism for Assessing Mutual Structural Relations for Import Substitution of High-Tech Transfer in Life Cycle Management of Fundamentally New Products

The emergence of fundamentally new products is conditioned both by the development of techniques and technologies and by the emerging new needs and conditions of economic and social life of society. In this case, the process of achieving product dominance in the market has a progressive cyclical character in the form of a spiral pattern, the movement along which occurs with acceleration. At the current stage of economic development, most states have problems expanding sales of products and capturing new markets. These problems today are described in the works of various scientists; the research of the authors touches upon the issues of economic development. Today’s economic conditions, which are characterized by the application of sanctions pressure on a large scale, do not assess the opposite effect, when the countries that are subjected to this pressure, and the countries that organize this pressure, suffer economic damage. Some suffer damage in the form of reduced ability to produce knowledge-intensive products by providing them with imported materials and components, others who exert this pressure, by reducing the sales of their products, and in this case, it is relevant to build a mechanism for assessing mutual structural links for import substitution of high-tech transfer in the management of the life cycle of radical new products, which in our view is useful for those or other countries. The hypothesis is that the modeling of mutual structural relations of high-tech transfer in the management of the life cycle of radical new products will significantly improve the mechanisms of industrial policy management and national technological security and ensure sustainable economic development. The aim of the study is the task of developing a mechanism of mutual structural links and assessing the synergetic economic effect based on the approach of intersectoral links, interactions and interdependencies. In the course of the research, the following tasks are solved: the necessity to adequately replace high-tech imports within the framework of national technological security is substantiated, for this purpose it is necessary to create unique equipment for the system of RNP production; the assessment of the possibility of realization of such a task is carried out; the assessment of high-tech competencies of science and production, technical and resource readiness (configuration of the RNP system) is necessary, and a complex model for the assessment of structural and mutual linkages in the economy of innovation is developed. The modeling performed by the authors allowed us to assess the structure of domestic high-tech imports and the coefficients of mutual linkage of imports. The practical significance of the study lies in the fact that the conducted research makes it possible to significantly improve the efficiency of management of innovation processes of high-tech transfer to ensure the creation of a system of production of radically new products at the levels of organization, industry or national economy, which will ensure stable economic development. For this purpose, the structure and dynamics of high-tech imports of the Russian Federation have been analyzed and calculated, taking into account critical technologies and industries. The multiplier effects in high-tech industries of the Russian economy taking into account imports were analyzed on the basis of the latest actual detailed data of Rosstat. The estimation of the mutual relationship of imports and application of the developed toolkit for the example “Mechanical equipment, machine tools and other equipment for general or special purposes” is carried out.

Balance of Interests of the State and the Copyright Holder in the Field of Intellectual Property for the Purposes of Competition Protection

The paper analyzes the balance of interests of the state and the copyright holder in the field of intellectual property for the purposes of competition protection. Having analyzed various measures of legal support by the state aimed at stable economic development through the prism of trust in the state and law, the author draws attention to «parallel imports.” The author also focuses on the possibility of limiting the protection of rights to intellectual property objects at the contract level due to the negotiating power of counterparties on whose sites production is located, which is similar to some Asian states. In the paper, the author analyzes the practice that took place before 2022 and compares it with the current state of ensuring the rights and legitimate interests of copyright holders. Summing up the study, the author believes that investment opportunities and trust for the state from both the society, representing the state, and national business and for foreign participants to international trade may be created through a solution that will allow the latter to fully realize their rights to intellectual property rights protection when resuming activities in the country.

An empirical study of micro‐ and small‐enterprise bankruptcy protection under the COVID‐19 pandemic: New evidence from China

AbstractMicro‐ and small‐enterprises (MSEs) serve as a strong foundation for sustainable and stable economic and social development in countries worldwide. However, they are highly susceptible to bankruptcy crises, a phenomenon that has been significantly amplified by the COVID‐19 pandemic. The article presents an empirical investigation of the application of the bankruptcy system to MSEs, using data on MSE bankruptcies published by the Sichuan courts in China in 2020 during the COVID‐19 pandemic as evidence. The article reveals that MSEs face a triple dilemma when applying bankruptcy procedures. Firstly, the legal system for bankruptcy is unsound. Secondly, the institutional mechanism for bankruptcy is imperfect. And thirdly, the social environment surrounding bankruptcy is not conducive. The article presents a novel approach to address bankruptcy issues by suggesting the implementation of streamlined bankruptcy procedures, a reorganization system for small and micro‐enterprises and a personal bankruptcy system. Additionally, it proposes enhancing the institutional framework for the selection, evaluation and oversight of bankruptcy judges and administrators, as well as the establishment of third‐party institutions. Furthermore, it advocates for a modernized understanding of bankruptcy, the provision of pre‐bankruptcy services and the creation of a bankruptcy protection system. The article presents a unique sample of international comparative studies on MSEs and proposes a new approach to examining bankruptcy protection for MSEs in China.

A study of the spatial network structure of ethnic regions in Northwest China based on multiple factor flows in the context of COVID-19: Evidence from Ningxia

As an underdeveloped and low-income region, the development of minority regions in Northwest China is crucial. As an important part of minority regions, Ningxia Hui Autonomous Region has insufficient endogenous power for stable economic development and high risk of returning to poverty. On the whole, the Ningxia county network shows a spatial pattern of high in the north and low in the south. However, there are great differences in the centrality of different factor flow networks. The factor connections between most counties are weak, and a close innovation network has not yet been formed. There is an obvious administrative clique structure, showing a certain degree of self-enclosure. The factor flows between counties are relatively uniform and greatly affected by geographic distance. From the perspective of integrated flow, the Ningxia county network presents a distinct core-periphery circle structure. Population size and GDP are the main factors affecting the spatial network. The policy implication of this study is that Ningxia Autonomous Prefecture should coordinate the planning of the region’s economy, technology, and transportation, so as to reduce the development gap between counties by enhancing the closeness of the county spatial association network, and ultimately realize the region’s high-quality development.

Конкуренция в экономике современной России

The article reveals the importance of competition, which is not only a price regulator, but also a movement of capital. It allows us to provide a foundation for stable economic development, technology development, as well as to ensure an increase in the competitiveness of Russian business entities, gross domestic product and cash inflows, thanks to successful interaction on the international market.

ДЕРЖАВНЕ РЕГУЛЮВАННЯ ТА ПІДТРИМКА ІННОВАЦІЙНОЇ ДІЯЛЬНОСТІ

State regulation of innovative activity is necessary and has many advantages that contribute to economic development, increasing the country's competitiveness and sustainable growth in the face of global challenges. Regulation of this sphere by the state plays a decisive role in creating favorable conditions for the development of innovative processes, their stimulation and effective use of the national scientific and technical potential. The state plays an important role in stimulating innovative activity. With the help of financial support, such as subsidies, grants or preferential loans, the state helps to reduce risks for investors, which, in turn, stimulates investment activity in this area. In addition, state regulation contributes to the creation of a favorable investment climate, the protection of intellectual property and the development of institutional infrastructure, which are necessary conditions for the successful development of innovations. Thus, government intervention is justified, as it allows overcoming market shortcomings and ensuring the necessary level of investment in innovation, which is of strategic importance for the development of the economy. State regulation of innovative activity creates conditions for the development of entrepreneurship and contributes to increasing the competitiveness of the economy. Thanks to the integration of various regulatory mechanisms, the state can effectively respond to modern challenges and ensure stable economic development. State regulation of innovations should be aimed at creating effective interaction between science, business and the state to stimulate innovative activities and their introduction into the economy. A comprehensive approach combining direct and indirect regulation is necessary for the continuous development of innovative enterprises and the use of the country's scientific potential. The state plays an important role in stimulating innovative activity by creating a favorable environment for the development of innovative infrastructure. This includes funding of scientific research, training of highly qualified personnel, protection of intellectual property and promotion of commercialization of scientific developments. Since direct funding has its limitations, the government is increasingly using indirect instruments, such as tax incentives and regulatory simplifications, to attract the private sector to innovation.