A model of sustainable growth (SGR): Cross-industry analysis

2021 ◽  
Vol 20 (4) ◽  
pp. 663-683
Author(s):  
Marina B. TRACHENKO ◽  
Anastasiya O. VOLODINA
Keyword(s):  
Sustainable Development ◽  
Growth Model ◽  
Negative Impact ◽  
Metallurgical Industry ◽  
Sustainable Growth ◽  
Enterprise Development ◽  
Balanced Growth ◽  
Balanced Development ◽  
Dividend Payments ◽  
Study Results

Subject. We investigate the balance of enterprise development in the aviation, trade, and metallurgical industry for 2007–2019. Objectives. The aim is to analyze the sustainability of enterprise development in the said industries, identify factors, having an adverse impact on the balanced development of companies, subject to industry specifics, and ways to achieve the sustainable development of these companies. Methods. The balanced growth model (SGR) and general scientific and statistical methods to analyze economic processes serve as the methodological basis of the study. Results. We analyzed the sustainability of 13 companies on the basis of the balanced growth model. The sample includes companies operating in the aviation, trade, and metallurgy industry. The paper reveals factors that have a negative impact on balanced development, subject to industry specifics, and shows directions of achieving sustainable development of enterprises included in the analysis. Conclusions. The growth of aviation companies is not sustainable, due to losses in certain periods and a high level of dividend payments. To achieve a balanced growth, it is necessary to optimize the price and dividend policy, and reduce costs. The main problems of trading companies stem from a decrease in the level of net profit and incurred losses. The major internal factors, adversely impacting upon sustainable development of metallurgical enterprises, are unreasonably low or high-risk financial leverage, and low profitability or loss-making activities. To neutralize the negative impact of identified problems, it is important to form an optimal capital structure and develop an effective cost management system.

scholarly journals Innovation investment and sustainable development

2021 ◽  
Vol 236 ◽  
pp. 03010
Author(s):  
Yao Pang ◽  
Yan-cheng Fan ◽  
Xiang Huang
Keyword(s):  
Sustainable Development ◽  
Endogenous Growth ◽  
Growth Model ◽  
Technological Progress ◽  
Sustainable Growth ◽  
Endogenous Growth Model ◽  
D Investment

Innovation and technological progress are essential approaches to sustainable growth, but what will affect enterprises’ innovating motivation hasn’t been thoroughly analyzed. We establish an endogenous growth model to analyze the factors that influence an enterprise’s innovation investment, and find that the cumulative technology plays a key role: the more cumulative technology an enterprise has, the more its R&D investment will be. Empirical researches confirm the theoretical conclusions. Our study provides suggestions for policies to promote technological progress and sustainable development.

Energy Environment and Economic Sustainable Growth

2011 ◽  
Vol 474-476 ◽  
pp. 2049-2053
Author(s):  
Li Feng Zhang ◽  
Qun Liu
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Growth Model ◽  
Difficult Problem ◽  
Sustainable Growth ◽  
Growth Path ◽  
Endogenous Economic Growth ◽  
Economic Growth Model ◽  
The World ◽  
Energy Environment

The question of energy and enviorment is a hot question in the world, it is a hot and difficult problem in China also.To issue the sustainable growth of economy is the problem that all countries in the world care about including our country. So, this text sets up endogenous economic growth model by restricted energy and enviorament and discusses the condion of the economy sustainable development, and obtains the balanced economic growth path and some policy meanings.

scholarly journals A strategy for a sustainable tourism development of the Greek Island of Chios

Tourism ◽  
2020 ◽  
Vol 68 (3) ◽  
pp. 243-260 ◽  
Author(s):  
Vânia Lopes ◽  
Sara Moreno Pires ◽  
Rui Costa
Keyword(s):  
Sustainable Development ◽  
Sustainable Tourism ◽  
Tourism Development ◽  
Sustainable Growth ◽  
Research Approach ◽  
Quantitative Methodology ◽  
Potential Growth ◽  
Balanced Development ◽  
Sustainable Tourism Development ◽  
Action Research Approach

Despite several advances to comprehend tourism impacts and its relationship with sustainable development challenges, there is still a lack of worldwide examples of strategies for sustainable tourism development of destinations. Particularly in less developed European regions, tourism development strategies are still poorly implemented, emphasising the need to support them towards more balanced policies and actions that can effectively promote a sustainable tourism destination. The Island of Chios in Greece faces several challenges in order to develop such a strategy. Besides being a region particularly affected by the financial and refugee crisis of the last years, the Island does not have a Land Use Plan approved so far or any Strategy or Plan for Tourism. As such, the main goal of this paper is to propose a planning framework for sustainable tourism development of the Island of Chios considering the United Nations Agenda 2030 and its 17 Sustainable Development Goals. To accomplish such goal, the research involved a serious of different steps through an action-research approach based on a three-month internship at the local municipality. The qualitative and quantitative methodology was developed with the input of local key stakeholders and it enabled to identify the critical need for developing a sustainable tourism strategy for the territory. Results show that Chios is a destination with potential growth and increased competitiveness and attractiveness for visitors but major steps would have to be taken for the establishment of a participatory sustainable tourism strategic plan that could involve all the stakeholders and promote a sustainable growth and a more balanced development of the region.

scholarly journals Innovation of Startups, the Key to Unlocking Post-Crisis Sustainable Growth in Romanian Entrepreneurial Ecosystem

2021 ◽  
Vol 13 (2) ◽  
pp. 671
Author(s):  
Oana Bărbulescu ◽  
Alina Simona Tecău ◽  
Daniel Munteanu ◽  
Cristinel Petrişor Constantin
Keyword(s):  
Sustainable Development ◽  
Negative Impact ◽  
Sustainable Growth ◽  
Business Culture ◽  
Structured Interviews ◽  
Entrepreneurial Ecosystem ◽  
Sustainable Business ◽  
Long Run ◽  
Green Business ◽  
Development Goals

This paper aims at identifying the entrepreneurial opportunities for establishing innovative startups during and post COVID-19 crisis. To reach this goal, we conducted an exploratory study based on semi-structured interviews with 168 students who intend to involve themselves in entrepreneurship in their future career. The research started from the debates in literature regarding the huge negative impact of the COVID-19 crisis on economic development, which can jeopardize the achievement of United Nations Sustainable Development Goals. The research findings confirm the results of other studies regarding the vulnerability of startups during crises, the reason why they have to refocus on innovative businesses, especially based on information and communication technology (ICT). Such businesses are considered incentives of sustainable development. Other ideas highlighted the importance of social entrepreneurship for the management of startups. It means that startups should develop strong relationships with employees but also with other stakeholders, like companies in the same industry, the public sector, academia, and citizens. In addition, changing the business culture aiming at developing green business could be an inexpensive solution for developing a sustainable entrepreneurial ecosystem. These empirical results have implications for both business and the academic environment, which should cooperate in order to overcome the crisis. Such an approach could be used in the long run in order to manage other crises and to develop sustainable business.

scholarly journals The Long-Run Effects of Trade Openness on Carbon Emissions in Sub-Saharan African Countries

Energies ◽  
2020 ◽  
Vol 13 (20) ◽  
pp. 5295
Author(s):  
Huaping Sun ◽  
Love Enna ◽  
Augustine Monney ◽  
Dang Khoa Tran ◽  
Ehsan Rasoulinezhad ◽  
...  
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Negative Impact ◽  
Trade Openness ◽  
Sustainable Growth ◽  
African Countries ◽  
Long Run ◽  
Study Results ◽  
Sub Saharan

Using a panel cointegration model developed based on the data extracted from the World Bank indicators, this study quantified the relationship between carbon emissions, energy consumption, economic growth, and trade openness in sub-Saharan African countries. It discovered from our analysis that there exists a long-run causality association amongst CO2 emissions, energy consumption, economic growth, and trade openness. The study noted the existence of the Environmental Kuznets Curve (EKC) in the panel using the square term for trade openness; it was found to have a negative impact, thus trade in the long run will somewhat decrease the environmental pollution in this region. The study results imply that there should be stringent policies and rigorous enforcement in sub-Saharan African to ensure sustainable growth without associative environmental issues.

Dairy subcomplex in the implementation of sustainable development goals

Ekonomika APK ◽  
2021 ◽  
Vol 322 (8) ◽  
pp. 40-57
Author(s):  
Olga Kozak ◽  
Myroslav Kozak
Keyword(s):  
Sustainable Development ◽  
Research Methods ◽  
Sustainable Development Goals ◽  
System Analysis ◽  
Sustainable Growth ◽  
Practical Significance ◽  
Economic Research ◽  
Modern World ◽  
Study Results ◽  
Development Goals

The purpose of the article is to reveal the possibilities of the dairy subcomplex in the implementation of the UN Sustainable Development Goals. Research methods. Based on the dialectical method of cognition, general scientific research methods were used, namely: abstract-logical (for generalization and formulation of conclusions); monographic and system analysis (when studying the peculiarities of the development of the dairy subcomplex based on sustainability); comparative analysis (to compare global and national trends in achieving Sustainable Development Goals); graphic (for visual display of analysis results); as well as a systematic approach, analysis and synthesis, induction and deduction and others in the field of economic research. Research results. The modern world interpretation of the development of the dairy subcomplex with the use of the foundations of sustainable development is disclosed. Acting as a powerful tool for reducing poverty, overcoming hunger and ensuring human health, directing efforts to mitigate the negative impact on the environment, the dairy subcomplex provides consumers with dairy products in an economically beneficial, environmentally friendly and socially responsible for present and future generations. The role of the dairy subcomplex in the implementation of each of the 17 Sustainable Development Goals has been determined. Scientific novelty. Comparison of Sustainable Development Goals with the capabilities of the dairy subcomplex to guarantee food security, sustainable growth, and social development with the efficient use of natural resources has been further developed. Practical significance. The study results for implementation of sustainable development goals can be used by interested participants in the dairy subcomplex of Ukraine when developing strategic plans for their work both for the near and for a different perspective. Figs.: 1. Refs.: 57.

Modernisation of Higher Education – Willful Action or Wishful Thinking? The Case of Bulgaria

2020 ◽  
Vol 8 (3) ◽  
pp. 3-17
Author(s):  
Elena Blagoeva
Keyword(s):  
Higher Education ◽  
Economic Crisis ◽  
Negative Impact ◽  
National Level ◽  
Sustainable Growth ◽  
Research Approach ◽  
Case Study Methodology ◽  
The Impact ◽  
The Eu

The impact of the last global economic crisis (2008) on the European economy put a strain on higher education (HE), yet it also pushed the sector towards intensive reforms and improvements. This paper focuses on the “Strategy for the Development of Higher Education in the Republic of Bulgaria 2014-2020”. With a case study methodology, we explore the strategic endeavours of the Bulgarian government to comply with the European directions and to secure sustainable growth for the HE sector. Our research question is ‘How capable is the Bulgarian HE Strategy to overcome the economic and systemic restraints of Bulgarian higher education?’. Because the development of strategies for HE within the EU is highly contextual, a single qualitative case study was chosen as the research approach. HE institutions are not ivory towers, but subjects to a variety of external and internal forces. Within the EU, this is obviated by the fact that Universities obtain their funds from institutions such as governments, students and their families, donors, as well as EU-level programmes. Therefore, to explore how these pressures interact to affect strategic action on national level, the case method is well suited as it enabled us to study the phenomena thoroughly and deeply. The paper suggests the actions proposed within the Strategy have the potential to overcome the delay, the regional isolation and the negative impact of the economic crisis on the country. Nevertheless, the key elements on which the success or failure of this Strategy hinges are the control mechanisms and the approach to implementation. Shortcomings in these two aspects of strategic actions in HE seem to mark the difference between gaining long-term benefits and merely saving face in front of international institutions.

Small Agribusiness in Ensuring Sustainable Development of Rural Areas in Russia

2020 ◽  
pp. 38-42
Author(s):  
A.I. Chernykh ◽  
◽  
O.V. Goncharenko ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
National Security ◽  
Rural Areas ◽  
Economic Potential ◽  
Rural Settlements ◽  
Resource Potential ◽  
Peasant Farmer ◽  
Balanced Development ◽  
Socio Economic Development

Rural settlements occupy a significant part of the territory of Russia, where about 25% of the population lives and significant natural resource potential is concentrated, but the level of their socio-economic development is significantly inferior to urban ones. Increasing depressiveness of rural areas and spatial socio-economic differentiation is a systemic problem and an obstacle to the balanced development of the national economy, reduces its competitiveness due to insufficient use of economic potential, creates challenges to the economic and national security of the state. A powerful tool for countering such trends is the formation and implementation of the potential for the development of small agribusiness, which is mainly based on households created in the form of peasant (farmer) and personal subsidiary associations. The article ana-lyzes the potential of small agribusiness development in rural areas.

SOCIAL ASPECTS OF NATIONAL SAFETY OF THE STATE

2018 ◽  
pp. 7-12
Author(s):  
O. B. Berezovska-Chmil
Keyword(s):  
Sustainable Development ◽  
Social Security ◽  
National Security ◽  
Negative Impact ◽  
Empirical Studies ◽  
State Regulation ◽  
The State ◽  
Potential Threat ◽  
Role Of The State ◽  
Level Of Economic Development

  In this article theoretical and еmpirical analysis of social security are conducted. Ways of the optimization social security are argumented. The author notes that significant transformation processes are taking place in the country. They affect the state of security. It is noted that with the development of scientific and technological progress the number of threats and dangers does not decrease. At the same time, the essence of the phenomenon of "danger" is revealed. Empirical studies have been carried out on the basis of an analysis of problems related to ensuring the necessary safety of people. It is established that in recent times organized crime, including cybercrime, has spread widely in Ukraine. It has a negative impact on ensuring national security and sustainable development. A number of factors have been singled out. They are a potential threat to national security. Groups of possible dangers are determined. Summarizing the opinions of scientists, the essence of the concept of "social security" is characterized. It is emphasized that its state is influenced by the level of economic development, the effectiveness of social policy of the state and state regulation of social development. The authors have grounded the formation of national and social security, have proved that sustainable development is connected with the observance of social standards; have considered the development and implementation of a balanced social and environmental and economic policy. This policy would involve active use of the latest production technologies, minimizing the amount of harmful emissions to the environment, strengthening the role of the state in solving social and economic problems and sustainable development.

scholarly journals Linkages between Energy Delivery and Economic Growth from the Point of View of Sustainable Development and Seaports

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4255
Author(s):  
Elżbieta Szaruga ◽  
Zuzanna Kłos-Adamkiewicz ◽  
Agnieszka Gozdek ◽  
Elżbieta Załoga
Keyword(s):  
Sustainable Development ◽  
Crude Oil ◽  
Cross Correlation ◽  
Point Of View ◽  
Oil Products ◽  
Modern Approach ◽  
Economic Cycles ◽  
Study Results ◽  
The One ◽  
Oil And Oil Products

This paper presents the synchronisation of economic cycles of GDP and crude oil and oil products cargo volumes in major Polish seaports. On the one hand, this issue fits into the concept of sustainable development including decoupling; on the other hand, the synchronisation may be an early warning tool. Crude oil and oil products cargo volumes are a specific barometer that predicts the next economic cycle, especially as they are primary sources of energy production. The research study applies a number of TRAMO/SEATS methods, the Hodrick–Prescott filter, spectral analysis, correlation and cross-correlation function. Noteworthy is the modern approach of using synchronisation of economic cycles as a tool, which was described in the paper. According to the study results, the cyclical components of the cargo traffic and GDP were affected by the leakage of other short-term cycles. However, based on the cross-correlation, it was proved that changes in crude oil and oil products cargo volumes preceded changes in GDP by 1–3 quarters, which may be valuable information for decision-makers and economic development planners.

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