Stage Of Economic Development Research Articles

Лицензирование как административно-правовой институт в современных условиях

The article studies licensing as an administrative and legal institution at the present stage of socio-political and economic development. Different scientific approaches to this phenomenon are shown and integrated, its essence, significance and legal nature are determined. The conclusion is made about the need for further reform of the licensing and permitting system, in particular, the development of special norms concerning the functioning of this system in the conditions of martial law and emergency situations.

Analysis of Policy Options Based on Data-Driven Economic Cycles and Industrial Structure Upgrading

China's economy has achieved a high growth rate of 9.8% in cyclical fluctuations, and the industrial structure has been continuously improved with growth. However, the irrationality of the tertiary industry structure and its internal structure still restricts the sustainable development. The optimization of the industrial structure depends on many factors, such as government policies, economic growth mode, resource constraints, economic development stage and economic cycle stage. Based on data-driven analysis, this paper analyzes the general path and policy choice of economic cycle to adjust China's industrial structure, and the impact of economic cycle on the upgrading of industrial structure. After the actual analysis, we found that the threshold of economic growth in economically developed regions is high, the role of financial development in stimulating industrial structure is not prominent, and industrial upgrading is relatively difficult. Industrial upgrading is difficult.

On the issue of determining effectiveness and the quality of corporate financial management: theoretical and conceptual aspects

The current stage of economic development is characterized by such features as a high degree of uncertainty in external and internal environmental factors, a high level of competition, and the strengthening of the role of effective financial management of companies. These features determine the need to apply the theory and practice of corporate financial management, its modern tools to assess the effectiveness and quality of the company's financial management, which, in turn, contributes to the adoption by the company's management of sound management decisions necessary to achieve the strategic goals of its development.

Energy Transition and Poverty Alleviation in Light of Environmental and Economic Challenges: A Comparative Study in China and the European Union Region

This study aims to compare the effectiveness of renewable energy and circular economy practices in reducing environmental damage and poverty in China and the European Union (EU) by using the Autoregressive Distributed Lag (ARDL) approach and the Vector Error Correction Model (VECM) technique. Analyzing data from 1995 to 2022, we compared the effectiveness of these approaches in both regions. This study offers several fresh perspectives on the fight against environmental damage and poverty, differentiating itself from existing research in a few key ways. In fact, most studies focus on a single region’s approach to sustainability. However, this research directly compares China and the European Union (EU), highlighting how factors like economic structure and development stages influence the effectiveness of renewable energy and circular economy practices. Also, this study shows how renewable energy and circular practices can simultaneously tackle both environmental damage (emissions) and social issues (poverty). Our findings reveal that factors like poverty, fossil fuel reliance, economic growth, and international trade all contribute to rising carbon emissions in both China and the EU, though their influence varies. Interestingly, China experienced greater success in curbing emissions through solar power, circular economy measures, and wind power compared to the EU. Additionally, the impact of these strategies on poverty reduction differed significantly between the two regions. Based on these results, we recommend that policy makers in both regions develop tailored strategies for tackling carbon emissions and poverty. Prioritizing renewable energy sources and circular practices is key, as they can simultaneously reduce emissions and alleviate poverty. However, it is crucial to focus on approaches that work best in each specific region, considering social, economic, and environmental factors. This study suggests that a one-size-fits-all approach will not work for fighting climate change and poverty. While renewable energy and circular economies are effective, China saw greater success with solar and wind power compared to the EU. Policy makers need to design strategies specific to their region’s economic, social, and environmental context. Further research can refine these approaches, and public education is crucial to promote sustainable behavior and empower policy makers. It is also needed to refine and improve the implementation of these strategies. Finally, public awareness and education are essential to promote sustainable behavior and empower policy makers in their fight against climate change and poverty. This study highlights the importance of a region-specific approach to energy transition and poverty alleviation. By comparing China and the EU, we gain valuable insights into the effectiveness of different strategies in tackling these interconnected challenges. The findings provide valuable guidance for policy makers looking to create a more sustainable and equitable future.

An inquiry into the drivers of an entrepreneurial economy: A Bayesian clustering approach

AbstractUnderstanding the worldwide drivers of qualified entrepreneurship is a key issue in economic policy design. To help policy decisions exert their intended impact, we aim to cluster a wide range of countries on the basis of their levels and trends in self-employment productivity using a finite mixture model applied to a new large dataset of 121 countries covering the period of 1991–2019. Our results point to three groups of high-, medium-, and low-productive means and tendencies, the geographical distribution of which suggests that they can be reinterpreted using the three stages of economic development, namely, innovation-, efficiency-, and factor-driven economies. Notably, we find that widespread digitalization and low unemployment enhance the probability of transitioning into a highly productive cluster. However, we failed to find that industry weight or employment protection legislation strictness serve as determinants in the transition between groups. Suggestive rationales for these results and implications for the entrepreneurship policy agenda are also provided.

Collaborations as an Innovative Marketing Tool

Relevance. At the present stage of economic development, collaborations are gaining relevance, which are considered as a marketing and social tool. In 2023, this is a real trend both among local brands and among brands with a global level. This is a way to stand out from the competition and promote a product or service unobtrusively and creatively. Also, the popularity of this tool is added by the lack of binding to any of the types of marketing. It can be argued that collaboration is characterized by universality.The purpose of this topic is to determine the conditions for creating a successful collaboration. Objectives. To achieve it, the tasks are set: to consider the concept of collaboration as an innovative tool, the history of its appearance as a marketing tool, the differences between collaborations and affiliate marketing, types of collaborations, successful and unsuccessful cases, to analyze the successful collaboration of the Laviani Cosmetology and Natural Beauty Center and the Twine Fitness and Stretching studio ShpagettyMethodology. The main research methods used were theoretical – the study of statistical data, research conducted in this area, theoretical training materials on the topic under consideration, practical experience in conducting such campaigns – and empirical – conducting a collaboration and its analysis after completion.Results. As a result, the rules for organizing a successful collaboration were derived and a conclusion was made about the capabilities of the marketing tool in question. Conclusions. Collaborations are an innovative way to attract a new audience, the essence of which is the creative presentation of a fundamentally new product, which is the result of cooperation between two companies with the same values. Despite the long history, collaborations in the form in which they exist now can be called an innovative marketing tool.

Impact of environmental, energy and business efficiency on [formula omitted] emissions: A composite indicator for emerging Asia-Pacific markets

Environmental, energy, business and development dynamics have received strong research interest. However, previous studies have mainly explored these topics separately. Conversely, we study these aspects jointly, constructing a composite indicator and assessing resulting impact on several SDGs domains. The aim of the analysis is to discover the importance of latent aspects in explaning the environmental, energy and business efficiency for specific countries. Estimating this multidimensional efficiency is relevant for the identification of the conditions for the achievement of CO2 containment and sustainable development progress. We make use of the World Bank's World Development Indicators (WB WDI) for selected emerging countries from the Asia-Pacific region ranging from lower-middle-income to upper-middle-income economies, following the WB Group country classifications by income level. We build a composite indicator for eliciting diverse dimensions related to the environment, energy policy and economic factors. The first steps of the indicators analysis are achieved by the combination of the DEA and Tobit analyses. Therefore, we examine the environmental, energy and business efficiency according to the economic development stage of the analysed countries, making use of an entropy index. The index’ robustness is tested at both stages – first, exploring the Tobit analysis, therefore, by inspecting an additional Asia-Pacific country having a different income with respect to the benchmark. The results suggest the creation of country clusters. Above all, China outstands in terms of environmental efficiency and R&D, as a result of a broader energy development strategic plan in the last few decades.

The impact of cleaner energy sources, advanced technology firms, and economic expansion on ecological footprints is critical in sustainable development

The environmental degradation accompanying economic growth, despite the potential mitigating effects of technological advancements and cleaner energy sources. This study examines the critical impact of cleaner energy sources, advanced technology firms, and economic expansion on ecological footprints within the context of sustainable development, focusing on the period between 2010 and 2022. By comparing the E7 (emerging seven) and G7 (Group of Seven) economies, the research aims to delineate how these factors collectively influence environmental sustainability in both developing and developed nations. Utilizing a robust panel estimation technique, the study systematically explores the relationship between the adoption of renewable energy technologies, the growth of high-tech industries, and macroeconomic expansion, alongside their respective effects on the ecological footprint, a key indicator of environmental impact. Our statistical analysis reveals significant differences between the E7 and G7 countries. For the G7, investments in cleaner energy and technology sectors have shown a more pronounced effect in reducing ecological footprints, attributed to higher efficiency standards and greater public awareness. In contrast, the E7 countries exhibit a delayed response, owing to varying stages of economic development and technological adoption, although promising trends are emerging. Notably, the G7 demonstrates a more pronounced inclination towards financial imperialism (0.043), while the E7 is significantly influenced by green energy sources (0.258). Policy implications drawn from the findings suggest that targeted investments in green technologies and renewable energy sources, coupled with robust policies supporting economic expansion in a sustainable manner, are crucial for both groups of countries. For the E7, accelerating technology transfer and adopting stricter environmental regulations are key, while the G7 should focus on innovation and the continuous improvement of energy efficiency standards. This dual approach is essential for mitigating the environmental impacts of economic growth and steering the global economy towards a more sustainable trajectory.

Research on urban agglomeration spatial network structure in the middle reaches of the Yangtze River based on real-time traffic accessibility scenario analysis

ABSTRACT Investigating the spatial network structure of urban agglomerations based on traffic accessibility has an important practical significance in accelerating the process of regional integration. Taking urban agglomeration in the middle reaches of the Yangtze River (UAMRYR) as the case study, this study aims to examine the characteristics associated with the spatial network structure based on traffic accessibility and its changes under scenarios of different traffic accessibilities by adopting real-time traffic data, modified gravity model, and social network analysis (SNA). The main conclusions are as follows. Wuhan, Changsha, and Nanchang are the central cities in the spatial network; the spatial network structure of UAMRYR is imbalanced and in the agglomeration stage of regional economic development. With the development of traffic accessibility, resources first gather in the individual center cities and then spread to other cities, and the network tends toward equilibrium.

Australian innovative activity and international technology, 1854–2016

Abstract Has Australia’s focus as a producer and exporter of natural resources—often considered low technology industries—constrained the development of its innovation system? We exploit a new digital database from the Commonwealth Patent Office to investigate this question. We find that the focus of domestic innovativeness supported key industries for Australian development and complemented technological specialization by foreign patent applicants, particularly in European and American manufacturing. The results support the argument that shifts in national technological orientation is a relatively long game and that technical advantage is shaped by a nation’s stage of economic development.

ІННОВАЦІЙНІСТЬ ТА ПЕРЕДОВІ ТЕХНОЛОГІЇ В УКРАЇНІ ТА КРАЇНАХ СВІТУ

The article examines the leading indicators of socio-economic development of individual countries, including the share of GDP of individual countries in the world GDP, the share of the country's population in the world population, GDP per capita, and expenditures on R&D. It was determined that a larger share of GDP per capita allows for an increase in gross domestic spending on R&D, % of GDP. Ukraine has the lowest gross domestic expenditure on R&D compared to the analyzed countries, only 0.29% of GDP. While for China, this indicator is equal to 2.433%, for Hungary – 1.642%, and for Germany – 3.129%. A comparison of the position of Ukraine according to the components of the Global Innovation Index, which corresponded to other countries at different stages of economic development, made it possible to obtain the following results. First, Ukraine needs to catch up in all components with developed countries. Second, Ukraine can compete on the components of the innovation index with some newly industrialized nations, such as Mexico and South Africa. Third, Ukraine dominates the least developed countries in the components of the Global Innovation Index. Also, we analyzed the opportunities for frontier technologies in Ukraine and other countries. According to this index, Ukraine ranks 58th among 166 countries surveyed. The five countries, including the United States of America, Sweden, Singapore, Switzerland, and the Netherlands, are leaders. China took 35th place. According to the components of this index, Ukraine already has a good position in terms of information and communication technologies and skills – however, R&D, industry, and finance remain weaknesses. So, during the study, "bottlenecks" were identified. Insufficient support for R&D and low costs restrain the innovative development of Ukraine.

Evaluating the Kuznets curve relationship between economic growth and child labor in an emerging economy

PurposeThis study aims to test the Kuznets curve between economic growth and child labor, along with the influence of exports, household size and rural population in the context of Pakistan.Design/methodology/approachTo achieve the research objective, this study applied the unit root test, bound co-integration test, and autoregressive distributive lags (ARDL) method for the period of 1972–2021.FindingsThe findings show an inverted U-shaped relationship between economic growth and child labor indicating that at the beginning stage of economic development, child labor increases due to lower per capita household and subsequently, in the long-run of economic development, child labor decreases due to the higher per capita households. Moreover, the results also show that exports, household size and rural population have a positive influence on increasing child labor.Research limitations/implicationsThe policymakers and government of Pakistan need to focus on long-term economic growth policies, ensure free quality education and cheap equipment which practices minimum manpower to reduce the threat of child labor.Social implicationsHaving long-run economic growth, the government of Pakistan need to equally benefit the households and the poor population to reduce child labor and enhance the social welfare of society.Originality/valueTo the best of the authors’ knowledge, this is the first study that investigates the Kuznets curve relationship between economic growth and child labor in the context of Pakistan. Moreover, this study contributes to the reduction in child labor through long-term economic growth in the context of Pakistan.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0387

Unveiling Transportation Socio-Economic Adaptability Using a Node–Place Model: A Case from Zhejiang Province, China

Effective investment in transportation infrastructure ensures sustainable urban development and high-quality economic development. Understanding transportation and socioeconomic relationships is crucial for developing investment strategies. Existing research focuses on analyzing the contribution of transportation to the economy or the contribution of economic development to transportation, neglecting the identification of transportation infrastructure weaknesses to initiate targeted investment and construction. In this study, we propose an assessment framework based on the node–place model to identify the shortcomings in transportation infrastructure. The framework encompasses the adaptability of the current transportation infrastructure and the stage of economic development, evaluating whether the current transportation infrastructure is ahead of or lagging behind the level of economic development. We conduct a case study on three kinds of transportation infrastructure, including railways, highways, and civil aviation, in Zhejiang Province, China. The results show that Zhejiang Province’s transportation infrastructure generally meets economic development requirements, and most cities have relatively advanced transportation systems. However, significant gaps in transportation facilities in certain areas still need to be targeted and supplemented. These findings help to explore the theoretical relationship between transportation and socioeconomics, providing a basis for economic investment decisions on transportation infrastructure.

How consistent are measures of financial liberalization in assessing its impact on bank cost efficiency? A cross–country empirical analysis

AbstractUsing a sample of commercial bank–year observations covering 104 countries over the 1999–2017 period, we consider five contemporary de jure and de facto indicators of financial liberalization to provide a comparative assessment of their impact on bank cost efficiency. With the sole exception of one de jure index, all other financial liberalization measures consistently indicate an improvement in cost efficiency. We also compare the effects before and after the 2007 global financial crisis, which instigated a policy shift from deregulation to prudential re–regulation. We find that prudential re–regulation did not detrimentally affect bank cost efficiency. Our results for the main financial liberalization measures hold irrespective of countries’ stage of economic development and prove robust to re–estimations based on a single-country efficiency frontier for the US, alternative model specifications and methodologies that account for endogeneity and cross section dependence. The key policy implication from our findings is that prudential policies aimed at fostering stability and less bank risk–taking, can be pursued without any risks of hindering financial intermediation and lowering bank cost efficiency.

Peran Pertanian dalam Pengembangan Ekonomi: Penilaian Transformasi Struktural dan Dinamika Pertumbuhan Ekonomi

By understanding the role of agriculture in economic development holistically, this research aims to provide policy makers, practitioners, and academics with deeper insights on how to enhance the role and contribution of the agricultural sector in achieving inclusive and sustainable economic growth. Through a careful evaluation of the structural transformation and dynamics of economic growth in the agricultural sector, this research is expected to provide valuable guidance in formulating more effective and future-oriented policies. In this study, the use of qualitative methods involved a variety of techniques and approaches. By using these qualitative methods, the research was able to explore various complex aspects of how agriculture plays a role in economic development, including the challenges, opportunities, social dynamics, and policies that affect it. Research results The agricultural sector is an important part of a country's economic structure, involving a wide range of activities from production to distribution of agricultural products. While agriculture is often the dominant sector in the early stages of economic development, its role continues to change as the economy develops. The role of the agricultural sector is crucial in feeding the population, creating jobs, and contributing to economic growth, especially in developing countries. However, agricultural activities can also have significant impacts on the environment, such as land degradation and ecosystem damage.

How popularising higher education affects economic growth and poverty alleviation: empirical evidence from 38 countries

The popularisation of higher education supports UNESCO’s aim of developing inclusive and equitable quality education to achieve the fourth Sustainable Development Goal. However, the effect of popularising higher education on economic growth and poverty alleviation remains unexplored. Therefore, this study investigated the effects of higher education and adult education within populations (popularisation of higher education) on economic growth (gross domestic product; GDP) and the poverty line using panel data from 38 countries. OLS and quantile regression were performed using data for the period 1995–2021 extracted from the OECD and World Bank databases. The results showed that the population segments with higher education had a significantly positive impact on GDP growth. Moreover, an increased proportion of the population with higher education, of working age, was found to be a contributing factor to GDP growth. Popularising higher education also played a positive role during the initial stage of social and economic development. This study also highlighted that popularising higher education play a key role to influence a country’s educational development and scientific and technological innovation drives the deepening of a country’s economy. It suggested that both national and local governments worldwide should pay much attention to the popularisation degree of higher education to greatly improve the innovative ability of talents and scientific and technological innovation in higher education for both the economic growth and poverty alleviation.

Institutional Foundations for the Formation of a Resource-Innovative Model for the Development of the Economy of Russia and Its Regions

Relevance. Global and tectonic shifts in the world economy that occurred in the XXI century in the world inevitably reflected on the state of national economies. The Russian economy, over a decade of economic sanctions against it, which are practically open-ended sabotage by the United States and a number of Western countries against the Russian critical infrastructure - the Nord Stream 2 gas pipeline on September 26, 2022, has found itself in a situation of de facto complete stoppage of export-import operations in the field of foreign trade with European countries.The purpose is to study the institutional foundations of the formation of a resource-innovative model of economic growth in the modern Russian economy. The objectives are interrelated and consist in the following: to analyze an array of economic scientific papers on the problem of research; to analyze the institutional foundations for the formation of a resource-innovative model of the development of the Russian economy; to determine the dynamics of budget financing of scientific research for the period from 2012 to 2022, etc. Methodology is a combination of general scientific research methods – analysis, synthesis of received information, interpretation of data. The information base of the study includes presidential decrees, strategic planning documents, national projects, scientific articles by Russian researchers on the problem under study. Results: the main problems of forming a resource-innovative model of economic growth in Russia at the present stage of economic development are identified; the shortcomings of the state policy in the field of financing R&D, innovative solutions and products that hinder the activities of innovative enterprises in the real sector of the economy are revealed.Conclusions. The Russian economy remains raw in its essential content. However, the introduction of digitalization technologies, artificial intelligence, new ideas and knowledge are gradually forming a resourceinnovative model for the development of the Russian economy.

Impacts of a Seven Factor Model on Gil Stock Price – A Case in Vietnam

Fluctuation of stock price in ex-import and textile system in developing countries such as Vietnam will reflect the business health of economic system. Based on the above data analysis from our regression model, although low inflation during 2015-2016 is a good signal for GIL stock price, we would suggest the government, Ministry of Finance and State Bank of Vietnam consider to control inflation more rationally, i.e not increasing much and suitable with each economic development stage. Governmental bodies and bank system also need to apply macro policies to stimulate economic growth, however not reducing lending rate too much, together with credit, operational and market risk management, corporate governance and controlling bad debt. This research finding and recommended policy also can be used as reference in policy for ex-import and textile system in many developing countries.

Elasticity of substitution between clean energy and non-clean energy: Evidence from the Chinese electricity industry

At present, China is in a stage of high-quality economic development. Rising demand for electricity has created a lot of CO2 emissions, which has put great pressure on the low-carbon development of China's power industry. Therefore, China attaches great importance to the potential of various clean power generation to replace thermal power generation. Given this, the study examines the potential for substitution of non-clean energy generation (thermal power generation) and clean energy generation (hydropower, nuclear power generation, and other energy generation) from 1993 to 2022 by using the translog production function and provides a scenario analysis of energy substitution for power generation. Firstly, the k-fold cross-validation method is used for ridge regression estimation in this paper, which avoids the subjective bias caused by the ridge trace diagram method used in most of the previous literatures. Secondly, compared with the previous research on the substitution elasticity of the power sector, this paper subdivides the types of clean power energy when estimating the substitution elasticity, which can better analyze the substitution relationship between thermal power and various clean power. Finally, the estimated substitution elasticity of thermal power and various clean energy sources is greater than 1, which indicates that clean energy generation can effectively replace non-clean energy generation. This provides an effective substitution elasticity parameter for the power sector to study low-carbon development. The scenario analysis show China's power sector can increase the proportion of clean power generation to reduce the carbon emission intensity while ensure power supply, which can help the Chinese government adjust the implementation of policies to promote the early peak of carbon emissions and keep carbon emission at a low level in the power sector.

Economic Development Drives Massive Global Estuarine Loss in the Anthropocene

AbstractEstuaries have great ecological and economic value and sustain both population and economic growth. Global‐scale analyses suggest that human activities drive estuarine area change but these projections neglect direct human‐estuary interactions and socio‐economic feedbacks. Here, we quantified area changes of 2,396 estuaries in response to recent human impacts (e.g., land reclamation, estuarine dam construction) and economic development between 1984 and 2019, and find that estuarine area shrank by 5,372 km2 whereas upland submergence created 5,015 km2 of estuarine area elsewhere. Approximately 44% (n = 1,046) of today's estuaries have been directly altered through land reclamation, estuarine dam construction, or a combination of both, and ∼250,000 acres (1,027 km2) of estuarine area have been directly converted to urban or agricultural fields. Nearly 90% (923 km2) of land reclamation occurred in Asia linked to recent advances in economic development during the middle‐income stage. Additional historical mapping and 5‐year interval analyses revealed that while human alterations were insignificant during the low‐income stages, estuaries were predominantly altered during their middle‐income stages, where estuarine degradation is a common consequence of economic growth. However, this trend stabilizes in high‐income countries with the adaption of conservation laws and policies. Together, our results indicate that large‐scale estuarine loss can be avoided by preserving estuaries in low‐ and mid‐income countries in the early stages of economic development.