Economic Studies Research Articles

The allocation of carbon resources in marine capture fisheries.

Marine fishery carbon emissions play a significant role in agricultural carbon emissions, making resource allocation a crucial topic for the overall marine ecological protection. This paper evaluates the dynamic iteration method as a research approach with the factors of resource allocation consisting of value assessment, optimization objective, difference between value assessment and objective, and optimization calculation. The paper selects the shadow price from the Super-SBM model as the judgment function for the goal value, aiming for the fairness criterion. From an equity standpoint, the allocation of carbon resources in marine capture fisheries proves to be unreasonable. The fishery model exhibits an excessive supply of carbon resources, resulting in wastage, while the green fishery model faces a relatively limited supply, with a focus on energy conservation and environmental protection. To address this issue, this paper proposes a new method and discusses the corrective results. This result shows that the stabilization point achieved is a short-term equilibrium rather than a long-term one. By rectifying the social contradiction of profit-oriented approaches, this research provides a fresh perspective for economic studies and applications, particularly in industrial layout and resource utilization optimization.

Survei Kepuasan Dosen Terhadap Layanan Program Studi S1 Ekonomi Pembangunan

The aim of this research was to determine the level of lecturers' satisfaction with the quality of the Undergraduate Development Economics Study service program, Faculty of Economics, Trisakti University, and to look for the determining factors of lecturer satisfaction, so that they can find out the dominant factors in the quality of the Undergraduate Development Economics Study service program, Faculty of Economics, University. Trisakti. Research data was obtained by distributing a lecturer questionnaire with 32 questions via online media (Google Form). The results show that the service satisfaction of the study program for Lecturers and Education Personnel of the Development Economics Undergraduate Study Program, Faculty of Economics and Business, Trisakti University is on average good and very good from these aspects: (1) competency development, (2) career development, ( 3) development of research and scientific work, (4) development of community service, (5) additional development and welfare. The implications of these results indicate that lecturers within the scope of the Development Economics Study Program are satisfied with the services provided by the study program, however, because the level of satisfaction is not all very good, the study program in the future needs to improve services.

Health-related quality of life measured using the EQ-5D-3L: iranian population norms

ABSTRACT Background Normative values are valuable for comparing a specific population with the general population, making them particularly useful in disease burden studies and cost-effectiveness analysis. The objective of this study was to estimate HRQoL normative values for the EQ-5D measure in Iran. Methods The analysis was performed using a sample (n = 27,704) of the Iranian adult population, which was extracted from a nationwide survey conducted in 2021. Participants assessed their health-related quality of life using the EQ-5D-3 L instrument and a visual analogue scale (EQ VAS). Multivariable regression analyses were performed to examine the relationships between utility scores, EQ VAS scores, and various socio-demographic factors. Results The mean utility and EQ VAS scores of the total sample were 0.87 (95% CI: 0.86, 0.88) and 72.9 (95% CI: 72.7, 73.1), respectively. Almost half of the respondents (46.8%) reported a health state without any problems. The most prevalent problems were pain/discomfort (38.3%) and anxiety/depression (35.2%). Furthermore, EQ-5D values and EQ VAS scores were associated with gender, age, employment status, education level, marital status, and chronic illness. Conclusions This study provided normative values for the general population in Iran. Policymakers and researchers can use these values as a reference for population norms in economic assessments and studies focusing on the population’s health.

Pengaruh Harga, Trust, Kemudahan dan Keamanan Menggunakan E-Commerce Terhadap Keputusan Pembelian (Studi pada Pengguna Shopee Mahasiswa Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam UIN Fatmawati Sukarno Bengkulu)

Purchasing decisions are a long process that buyers must go through before they buy a product and continue afterwards. The purpose of this study is to see whether variables such as price, trust, security and convenience variables have an effect on purchasing decisions. object of research for students of class 2020, 20221, and 2023 of the Sharia Economics study program. The object of this research is in the Sharia Economics study program of FEBI UIN Fas Bengkulu. The type of research approach is quantitative associative. Then purposive sampling is used to collect data as many as 100 people who are users of the shopee application. Multiple Linear Regression Analysis is used in the data analysis method. Based on the tests that have been carried out, it is revealed that partially price (X1) has a negative effect and (sig) on purchasing decisions. Then partially the variables of trust (X2), convenience (X3) and security (X4) in using e-commerce have a positive influence (sig) on purchasing decisions.

A bibliometric review of Islamic economics and finance bibliometric papers: an overview of the future of Islamic economics and finance

Purpose Given the overlapping themes and periods in specific subjects within Islamic economics and finance bibliometric research, which may yield similar findings in bibliometric studies, it is essential to document the growth of Islamic economic and financial research using bibliometric methodologies. This study aims to understand better the critical bibliometric review trends and scientific advancements in Islamic economics and finance. Design/methodology/approach This study uses bibliometric analysis, collecting 46 Islamic economics bibliometric papers from the Web of Science Core Collection from 1975 to 2022. The authors generated top scientific scholars, keyword analysis, citation analysis, content analysis and conclusions for journal development using R Biblioshiny, VOSviewer, ATLAS.ti and Excel. Findings This study has established a comprehensive bibliometric framework for Islamic economics and finance bibliometric papers, encompassing all critical areas within the discipline and identifying any remaining research gaps. The major significant areas revealed were Islamic social finance and microfinance concerns, which are closely pertinent to the issues of ethics, corporate social responsibility and sustainability, respectively. The authors also identified opportunities for future bibliometric analyses in Islamic economics and finance, which include using more comprehensive databases, refining or broadening search strategies, using advanced techniques and units of analysis and suggesting themes for further exploration. Research limitations/implications The study relies merely on the Web of Science Core Collection database, which provides the most in-depth citations by source for the world’s scientific and scholarly research. Future research may consider expanding its scope to include other databases for a broader range of sources. Furthermore, due to the rise of bibliometric studies in Islamic economics and finance, this study also comments on the saturation of bibliometric studies conducted in several similar areas. While researchers bring their unique analytical perspectives to bibliometrics, this study provides a comprehensive view of existing research in Islamic economics and finance, highlighting well-explored topics and those that remain less studied. Thus, this could assist researchers in determining their future research priorities. Practical implications Policymakers in Islamic financial and economic institutions, including banking institutions, social, financial institutions and halal institutions, should be impacted by this research when making policies or conducting research. The viability of the current Islamic economic and financial ecosystem will be indirectly maintained and managed by these implications. Social implications This comprehensive meta-analysis in Islamic economics and finance is expected to impact the development and sustainability of the Islamic economic and financial ecosystem, promoting societal welfare through applying Islamic economics and finance. Originality/value This pioneering bibliometric analysis of Islamic economics and finance papers aims to offer insights and projections for future research in the field. This research contributes to the literature by examining various aspects, including evaluating literature on trending topics, analyzing papers related to research areas and conducting content analysis of existing bibliometric studies in Islamic economics and finance. It specifically groups these studies around fundamental topics, summarizes findings from contemporary research and identifies emerging research gaps.

Financial Health Literacy and Community-Dwelling Older Adults: A Concept Analysis

Aim. To examine and clarify the concept financial health literacy (FHL) within the context of aging and healthcare. Background. Older adults have a high chronic disease burden and low financial and health literacy levels which often leads to high healthcare costs and poor self-management. Clarification of the concept FHL is necessary to better support nursing care and successful self-management. Design. Concept analysis using literary synthesis. Data Sources. Electronic databases were used to find scientific literature (i.e., PubMed, CINAHL, and Business Source Complete), and online dictionaries were used to find basic definitions. Review Methods. Walker and Avant’s eight-step method was used as a guide to construct a concept analysis of FHL. Clinical, aging, financial, and economic studies were reviewed to determine defining attributes, antecedents, and consequences of FHL on the older adult’s health. Results. FHL is defined as the knowledge, skills, and ability to make decisions that allow an individual to manage finances to optimally meet healthcare-related and household expenses, including resources to self-manage health, and plan for short-term, long-term, and end-of-life healthcare. Personal context, opportunity, and access are antecedents to FHL. There are 3 defining attributes: knowledge about health and financial-related concepts, skills in health and financial planning, and healthcare and financial-related decision-making behaviors. The 4 consequences of FHL include effective healthcare utilization, effective cost management, effective self-management, and positive health outcomes. Conclusions. FHL is a complex, multidimensional concept. A better understanding of this concept has significant nursing implications for research, clinical, practice, education, and policy development. Older adults have unique health and financial needs due to the complexity of retirement, living on a fixed income, and self-management of chronic diseases. Development of a FHL assessment tool and intervention is needed and may be supported based on the results of this concept analysis.

Hydrogen from food waste: Energy potential, economic feasibility, and environmental impact for sustainable valorization

Globally, inefficient management of municipal solid waste, composed primarily of food waste poses concern for human and environmental well-being. Food waste can be converted into hydrogen gas, which can be utilized to generate power without emitting any harmful pollutants. This solution would also help with the issue of disposing of food waste. The conversion of food waste into hydrogen is a practical energy source with potential financial benefits. This study explores the transformative potential of converting food waste into renewable energy through hydrogen production, focusing on Bangladesh from 2023 to 2042. Notably, the study forecasts a surge in food waste from 23 million tons in 2023–110 million tons by 2042. By 2042, food waste is expected to generate 2480 MW of power, a rise from 489 MW in 2023. Based on the results of the economic study, the food waste into hydrogen via gasification project is financially viable in all of Bangladesh's main cities. Metrics such as internal rate of return, payback period, levelized cost of energy, net present value, and total life cycle cost were used to assess economic viability. The hydrogen production cost, payback period, and internal rate of return are 2.05 $/kg, 11 years and 14% respectively. It was discovered that using the available electricity from hydrogen gas may displace 1428 M liters of diesel fuel combustion. The quantity of diesel fuel saved can cut carbon dioxide emissions by 3.85 million tons. It was also found that using hydrogen as a source of energy generation has an attractive ecological efficiency of 99.98%. This research provides novel and pertinent data for investors contemplating gasification-based energy projects in Bangladesh. It pioneers a path toward eco-friendly waste management, reduced greenhouse gas emissions, and the adoption of sustainable energy solutions for the country.

Post-institutionalism versus economic science: Critical analysis

The article analyzes post­institutionalism, highlighting its inability to present a “new mainstream” in institutional studies in economics. Pointing out some real problems of institutional studies of modern society, post­institutionalism does not provide what economic theory needs. The rejection of functionalism, rationalism and efficiency and optimality criteria sidetracks this approach to the field of sociology and cultural studies; de­economization is also effected on account of target substitution of institution transplanting. Another essential problem is the confusion of notions through their “unsealing” that enables an “alternate” interpretation of blockchain and allows to oppose against the transaction costs minimization principle, basing on the criticisms of the Coase Theorem. Rejecting this interpretation, the article claims that the studies of the institutional complexity of modern society does not require refusal of classical approaches, but their clarification. The paper also criticizes the call for “postdisciplinarity” and raises the question of the quality of interdisciplinary institution researches.

ИССЛЕДОВАНИЕ МОДЕЛИ МЕЖДУНАРОДНОГО СОТРУДНИЧЕСТВА РОССИЙСКИХ МАЛЫХ И СРЕДНИХ ПРЕДПРИЯТИЙ В КОНТЕКСТЕ ПРОГРАММЫ «ОДИН ПОЯС И ОДИН ПУТЬ»

This article addresses the pressing issue of developing international cooperation among Russian small and medium-sized enterprises (SMEs) within the framework of the global "Belt and Road Initiative". The study aims to analyze and assess the opportunities and prospects for Russian SMEs' participation in international economic projects initiated by this program. The research employs methods of economic analysis, comparative analysis, and case study methodology. A significant focus is placed on examining specific cooperation models adapted to the operating conditions of SMEs in Russian and international contexts. The study identifies key factors that contribute to the successful interaction of Russian SMEs with foreign partners under the initiative, as well as outlines the main barriers and risks. Recommendations for improving institutional and infrastructural support for the international cooperation of SMEs are proposed. The findings of this study can be utilized in the development of strategies for the international development of Russian SMEs and serve as a methodological basis for further research in this area.

ОБЕСПЕЧЕНИЕ ПРОДОВОЛЬСТВЕННОЙ БЕЗОПАСНОСТИ ЗА СЧЕТ ИМПОРТОЗАМЕЩЕНИЯ МОЛОКА

The scientific article conducts a theoretical and economic study of the problems of ensuring food security through import substitution, import and export of milk. A review of the scientific literature showed the relevance of the study; many domestic and foreign scientists are directing their scientific interests to the development of an effective mechanism for ensuring the development of agricultural production sectors, and in particular the dairy product complex. In the field of interest of scientists are the problems of ensuring growth in production volumes, the prospects for reducing and completely eliminating the import of milk, as well as the possibility of increasing milk exports in certain regions. For the period from 2013 to 2022, according to official statistics, we observe an increase in milk production volumes, while in 2015 a decrease of 0.4% was detected, and in 2016 by 0.3%. Over the past three years, milk imports do not exceed 18% of the total dairy resource, which indicates food security at the level of 83%. The growth rate of milk exports significantly exceeds the growth rate of its imports; their value has crossed the mark of 114%. It was revealed that the growth of milk volumes was significantly influenced by the annual increase in cow productivity in the ten-year study period; a decrease in milk production volumes was observed in those periods when the number of animals decreased significantly. A slight decrease in milk production volumes in 2015 and 2016 did not have a detrimental effect on milk sales volumes; milk sales volumes, according to official statistics, have been trending upward over the past 10 years.

Analysis of the Economic and Social Impact Study of the Application of Artificial Intelligence in the Agricultural Sector: A Multidisciplinary Study

Introduction: Agriculture is an important sector in the global and national economy. Artificial intelligence (AI) has great potential to increase the efficiency and productivity of the agricultural sector. This research aims to analyze the economic and social impacts of implementing AI in the agricultural sector.
 Methods: This research uses a multidisciplinary study method, combining qualitative and quantitative approaches. Data was collected through surveys, interviews, and secondary data analysis.
 Results: The application of AI in the agricultural sector can increase efficiency and productivity. AI can help farmers in various aspects, such as land processing, fertilization, pest control, and harvesting. The application of AI can create new jobs in the agricultural sector. However, the application of AI can also have several social impacts, such as unemployment and the digital divide.
 Conclusion: The application of AI in the agricultural sector has great potential to increase efficiency, productivity, and employment. However, it is important to consider the social impacts of implementing AI and formulate appropriate policies to address it.

Economic feasibility study for wave energy conversion device deployment in Faroese waters

As the world continues to battle with increasing energy demand along with the serious effects of climate change, there is a need for more reliable renewable energy sources. The objective of the present work is to study the economic feasibility for deployment of wave energy conversion devices in the Faroese coastal region. We analyze eight different wave energy conversion concepts under development at nine different nearshore locations in the Faroese coastal region. The nine different locations are classified into three coastal locations — three on the west coast, three on the east coast and three on the north coast. The eight wave energy conversion devices mostly rely on different working principles, though some of these are similar. Results show that there is quite a significant difference in the performance of the devices from coast to coast. There is also a difference between the different conversion devices as they rely on different principles and the suitability of each device varies from location to location. We also show that the Faroe Islands are a suitable location for wave energy converter deployment compared to other places. Furthermore, results show that the performance of wave energy converters in the Faroe Islands can prove to be a direct competitor to offshore floating wind energy.

UTILITARIANISM: OVERCOMING THE DIFFICULTY OF INTERPERSONAL COMPARISON

Argenziano and Gilboa ( 2019 ) obtain a very important result “that consumer choice data alone are sufficient … [to] provide a microfoundation for a weighted utilitarian social welfare function that reflects common moral intuitions about interpersonal comparisons of utilities”. This paper compares this result with my 1975 Review of Economic Studies paper and examines the sense in which consumer data alone are sufficient. A way to dispense with interpersonal comparisons of utility in specific issues by following efficiency supremacy is also discussed. The suspicion of interpersonal comparison and utilitarianism may be based on misunderstandings.

A Study on the Impacts of social media Towards Job Performance among Lecturers in UiTM Shah Alam

The widespread adoption of social media platforms has significantly transformed the way individuals communicate, interact, and share information. The existing research is limited in terms of industry representation and organizational levels, leaving a gap in our understanding of how social media usage affects different dimensions of job performance. The objective of the study was to examine the impact of social media on employees’ job performance in education sector. The aim was to provide insights for organizations to develop effective strategies and policies regarding social media usage in the workplace. The study was carried out among lecturers from the Faculty of Business and Management (FBM), Universiti Teknologi MARA (UiTM) Shah Alam with 66 responses. The sampling technique used was stratified sampling from Department of Economics and Financial Studies. Questionnaire was developed based on a 5-point Likert scale and reliability analysis accepted Cronbach’s Alpha more than 0.7. Based on the findings, all factors namely: (i) work-related use (ii) social-related use, (iii) synchronicity, (iv) dialogism, (v) richness, and (vi) mobility were correlated with job performance and only synchronicity and richness were the most significant factors influencing lecturers’ job performance. These highlighted that synchronization needed between people to work together and collaborate while richness represented by the need of understanding and the meaning shared in the organizations to perform a better job.

The impact of indirect benefits (reduced travel time, fuel use and emissions) in cost benefit analysis of road safety countermeasures.

In cost benefit analysis of road safety countermeasures, all relevant effects on safety, travel time and environment have a substantial impact during economic appraisal. However, in the most widely used road safety appraisal tools such as SafetyAnalyst and International Road Assessment Programme (iRAP), indirect effects related to travel time and environment are not considered. Most economic appraisal studies conducted for road safety countermeasures consider only the safety benefits and ignore the indirect benefits due to lack of models to evaluate them. This study attempts to document the quantitative impact of indirect benefits during economic appraisal of road safety infrastructure investments particularly from the angle of reduced crashes. To this effect, data from 9 European countries and the 20-year infrastructure improvement programme developed for the Netherlands are applied to demonstrate the impact of these indirect benefits through a quantitative study. The results show that indirect benefits increase the value of benefits by 7%, which improves the cost effectiveness of countermeasures. Consequently, the number of countermeasures selected for implementation are increased due to addition of these benefits. Travel time benefits constitute the largest share of indirect benefits with a contribution of 6% to the overall benefits due to countermeasure implementation. In conclusion, indirect benefits have a substantial impact on the computation of benefits and countermeasure selection process. In order to present improved business cases for road safety infrastructure investments, there is need to include these benefits during economic appraisal process. Travel time benefits have the highest portion of all indirect benefits compared to vehicle operating costs (VOCs) and emission benefits. The study recommends conducting more research related to travel time benefits due to countermeasure implementation.

Evaluation of technological interventions on the productivity and profitability of chickpea (Cicer arietinum L.) through frontline demonstrations in South Eastern Rajasthan

The study was conducted to examine the effects of frontline demonstrations on chickpea using scientific production technology for sustainable productivity and profitability on 40-hectare area covering 80 farmer’s fields in the Kota, Bundi and Baran districts of Rajasthan. The average yield of chickpea in the frontline demonstration plots (IP) using integrated crop management technology was 2219 kg/ha, which was significantly higher than the average yield of 1827 kg/ha in the farmers’ practices (FP). The average chickpea yield was found higher (18.88%) in demonstration plots over farmer practices, with the implementation of improved production technologies. During the three years of study (2018-19, 2019-20, and 2020-21), the technological index (17.21%), extension gap (392 kg/ha), and average technological gap (461 kg/ ha) were found out. During the years of the study, frontline demonstration plots had the highest average net profit and B:C ratio (INR. 77,357/ha and 3.38), compared to farmer practice (INR. 64,081/ha and 3.24). Economic studies over one or three years showed that adopting improved package generated higher profits than traditional farmers practice.

Construct Validity, Reliability, and Responsiveness of the 10-Item Well-Being Instrument for Use in Economic Evaluation Studies

ObjectivesEconomic evaluations of interventions in health and social care require outcome measures that capture their full benefits, including those beyond health. This study aimed to assess construct validity, test-retest reliability, and responsiveness of the newly developed 10-item Well-being instrument (WiX). MethodsData were gathered via an online survey in a representative sample of the adult general population in The Netherlands (N = 1045). Construct validity was assessed by inspecting convergent, structural, and discriminant validity, following the COnsensus-based Standards for the selection of health status Measurement INstruments methodology. Regression analyses of the WiX and its items on other validated measures of well-being were performed to assess the convergent validity of the instrument and the relevance of its items. Dimensionality of the WiX was assessed using exploratory factor analysis. To assess discriminant validity, several hypotheses in terms of well-being differences were assessed. Finally, a second survey was sent out 2 weeks after the initial survey (n = 563; 53.9% response rate) to assess the test-retest reliability and responsiveness of the WiX. ResultsThe WiX showed to be correlated with alternative well-being measures as expected and able to sufficiently differentiate between relevant subgroups in the population. Moreover, the dimensionality analysis indicated that the WiX captures a broad array of elements relevant to well-being, including physical and mental health. The test-retest reliability was good, with an intraclass correlation coefficient of 0.82. ConclusionsThe results regarding the WiX are favorable and indicate that this new instrument may be a promising alternative for existing measures of well-being for evaluating interventions in health and social care.

Costs and benefits of scaling psychosocial interventions during the perinatal period in England: A simulation modelling study

BackgroundGlobally, guidance recommends the integration of mental health into maternal and child healthcare to address common maternal mental health problems during the perinatal period. However, implementing this in the real-world requires substantial resource allocations. ObjectiveThe aim of this study was to estimate the likely costs and consequences linked to scaling the delivery of treatment (in the form of psychosocial interventions) during the perinatal period. DesignSimulation modelling. Setting(s)England. MethodsCosts and consequences were modelled for three scenarios of assumed provision of services, whereby one referred to the projected provision under current government plans, with no additional scaling up of treatment. The other two scenarios referred to additional scaling of treatment: in one scenario, this referred to the provision of treatment by midwives and health visitors trained in the routine enquiry about mental health and delivery of psychosocial interventions; in the other scenario this referred to an expanded provision by primary mental health services. For each scenario and in yearly intervals (covering a ten-year period, 2015 to 2024), unit cots and outcomes were assigned to the activities women were assumed to receive (routine enquiry, assessment, treatment, care coordination). All costs were in 2020 pounds sterling. Data sources for the modelling included: published findings from randomised controlled trials; national unit cost source; national statistics; and expert consultation. ResultsIf the projected treatment gap was to be addressed, an estimated additional 111,154 (50,031) women would be accessing treatment in 2015 (2024). Estimated total costs (including cost offsets) in the scenario of projected provision under current government plans would be £73.5 million in 2015 and £95.2 million in 2024, whilst quality-adjusted life years gained would be 901 and 928 respectively. Addressing the treatment gap through provision by trained midwives and health visitors could mean additional costs of £7.3 million in 2015 but lower costs of £18.4 million in 2024. The additional quality-adjusted life years gained are estimated at 2096 in 2015 and 1418 in 2024. A scenario in which the treatment gap would be met by primary mental health services was likely to be more costly and delivered less health gains. ConclusionsFindings from this modelling study suggest that scaling the integration of mental health care into routinely delivered care for women during the perinatal period might be economically viable. RegistrationN/A. Tweetable abstractIntegrating mental health into maternal and child healthcare might generate economic benefits new study by @a_annettemaria and @knappem @CPEC_LSE finds #increasing access to treatment for women with perinatal mental health problems

A cost-benefit analysis of genetic screening test for breast cancer in Iran

BackgroundThis study aimed to evaluate the implementation of the population- and family history (FH) -based screening for BReast CAncer (BRCA) in Iran, a country where less than 10% of breast cancer cases are attributable to a gene mutation.MethodsThis was an economic evaluation study. The Benefit-Cost Ratio (BCR) for genetic screening test strategies in Iranian women older than 30 was calculated. To this end, the monetary value of the test was estimated using the willingness-to-pay (WTP) approach using the contingent valuation method (CVM) by payment card. From a healthcare perspective, direct medical and non-medical costs were considered and a decision model for the strategies was developed to simulate the costs. A one-way sensitivity analysis assessed the robustness of the analysis. The data were analyzed using Excel 2010.Results660 women were included for estimating WTP and 2,176,919 women were considered in the costing model. The cost per genetic screening test for population- and FH-based strategies was $167 and $8, respectively. The monetary value of a genetic screening test was $20 and it was $27 for women with a family history or gene mutation in breast cancer. The BCR for population-based and FH-based screening strategies was 0.12 and 3.37, respectively. Sensitivity analyses confirmed the robustness of the results.ConclusionsThis study recommends the implementation of a FH-based strategy instead of a population-based genetic screening strategy in Iran, although a cascade genetic screening test strategy should be evaluated in future studies.

Measuring national economic resilience through industrial portfolios

Even though the importance of economic resilience has increased as economic shocks have become more frequent in the world, there is still a knowledge gap on how to measure it. In search for effective ways to measure national resilience, this article identifies and mathematically proves the existence of direct correlation between resilience and competitiveness through time-specific global correlation rate. This research proposes an economic performance evaluation method that measures the competitiveness of countries facing economic shocks and recovering from them. A quantified method for identification of global economic shocks through industrial portfolio is proposed as well. The holistic approach internalises most externalities and a nation’s resilience is pared down to its ability to compete in the international trade, linking the main determinants of resilience to the basics of human behaviour. The proposed methodology can be used effectively for national and global economic performance estimations. It also opens a range of new possibilities for economic resilience studies.