scholarly journals ECONOMIC POLICY OF GROWTH: SELECTION OF INSTITUTES AND TECHNOLOGICAL MODELS OF DEVELOPMENT

2019 ◽  
Author(s):  
Oleg SUKHAREV ◽  
Vladimir CHAPLYGIN
Keyword(s):  
Economic Growth ◽  
Business Models ◽  
New Technologies ◽  
Technological Development ◽  
Theory And Practice ◽  
Business Community ◽  
Institutional Factors ◽  
Modern Theory ◽  
Scientific Problem ◽  
Systems Research

Purpose – to study the possibilities of institutional theory to establish a modern theory of economic growth, including the factors of institutions and technologies changes. These factors are a set of rules with high coercive force to the agents’ action form a particular mode/model of their adaptation, together with other institutions. Research Methodology – the neoclassical models of economic growth, which may include institutional factors and to study their impact on the growth and change of the factors, into the business practice are applied. The key scientific problem is to choose the right market Institute for a proper way of technological development. The authors use the micro-level analysis of the agents and institutions’ interaction in the process of new technologies appearance. Morphological and taxonomic analysis in order to highlight the models of technological development and economic growth had been applied. Findings – the research results may enrich an economic theory and practice in the area of business models applicability. The findings may assist a business community to influence the general technological development within the national institutional systems. Research limitations – due to the fact that different institutions, structures and technologies act on the economic dynamics at the same time, separating their influence is an independent scientific problem that is not solved in all cases. However, the set of considered institutional factors forms and provides a kind of “manufacturability” of economic growth. Practical implications – the so-called institutional macroeconomics as a practical discipline (which has a very close connection with behavioural macroeconomics) may assist to explore the economic growth from the point of view of changing institutions (firms, business community), labour markets and information – technical and technological changes. Originality/Value – the value of the research consists in the systematization of institutional factors affecting the economic growth, conducting a morphological structural analysis of growth types, which allow identifying eight main growth trajectories in business activity.

scholarly journals Technological models of development and their applicability to a Baltic states

2019 ◽  
Vol 53 (2) ◽  
pp. 22-33
Author(s):  
Vladimir Chaplygin
Keyword(s):  
Economic Growth ◽  
Business Models ◽  
Technological Development ◽  
Point Of View ◽  
Theory And Practice ◽  
Business Community ◽  
Modern Theory ◽  
Baltic States ◽  
Models Of Development ◽  
Practical Implications

Abstract Purpose – To study the possibilities of a theory to establish a modern theory of economic growth, including the factors of institutions and changes in technologies. These factors are a set of rules with high coercive force to the agents’ action, which form a particular mode/model of their adaptation, together with other institutions. Findings – The research results may enrich an economic theory and practice in the area of business models applicability in Lithuania, Latvia and Estonia. The findings may assist an economic community to influence the general technological development within the national institutional systems. Practical implications –The so-called institutional macroeconomics as a practical discipline (which has a very close connection with behavioural macroeconomics) may assist to explore the economic growth in a Baltic States from the point of view of changing institutions (firms, business community), labour markets and information.

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

Breakthrough Technologies: New Directions in Economic and Social Development

2021 ◽  
Vol 26 (11) ◽  
pp. 1227-1235
Author(s):  
V. D. Ardzinov ◽  
N. V. Chepachenko ◽  
A. A. Leont’ev
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Growth And Development ◽  
Industrial Revolution ◽  
New Technologies ◽  
Technological Development ◽  
Managerial Decision ◽  
Russian Economy ◽  
The Impact

The presented study examines the comparative characteristics of industrial revolution targets, national goals, and strategic objectives for the development of the Russian economy; proposes methods for measuring and evaluating technological development; describes its impact on economic growth and shows the performance of enterprises.Aim. The study aims to determine the specific features of formation of economic and social development targets and the potential of new technologies, including breakthrough technologies, for shaping the technological development of the Russian economy; to propose methods for measuring and evaluating technological development and its impact on the growth and development of the national economy that would improve the quality of economic and managerial decision-making.Tasks. The authors clarify the interpretation of the concept of breakthrough technologies; identify distinctive features in the formation of industrial revolution targets and priority targets for the development of the Russian economy; substantiate methodological approaches to identifying parameters and indicators, methods for measuring and evaluating the level of technological development, its impact on the results of changes in economic growth and development of the national economy and its economic entities.Methods. The authors use the methods of scientific research, theoretical and comparative analysis, synthesis, generalization, general theory of economic growth, and elements of the economic efficiency theory.Results. The interpretation of breakthrough technologies as dominant new technologies that can ensure accelerated progressive development of the economy and minimize damage to the natural environment is clarified. The distinctive features of formation of industrial revolution targets and their relationship with the targets for the development of the Russian economy are identified. Evaluative features are substantiated; indicators for measuring and evaluating the transformation of the technological development of enterprises engaged in different activities and indicators for measuring and evaluating the impact of new technologies, including breakthrough technologies, on economic growth and development are proposed. The influence of the recommended measurement and evaluation methods on improving the quality of management decisions is shown.Conclusions. The study substantiates the need to improve methods for assessing the actual achieved (projected, planned) level of technological development as a necessary prerequisite for its qualitative analysis, evaluation, control, and monitoring required to make sound economic and managerial decisions. The proposed methods for measuring and evaluating technological development, measuring and evaluating the impact of new technologies, including breakthrough technologies, on the quality of economic growth, efficiency and competitiveness of the national economy (region, industry, activity, enterprises) improve the quality of managerial decision-making in achieving national goals for the development of the national economy.

scholarly journals Mobile governement models and applications of the municipalities information systems services

2013 ◽  
Author(s):  
Θεοδώρα Ζάρμπου
Keyword(s):  
Information Systems ◽  
Business Models ◽  
New Technologies ◽  
Theory And Practice ◽  
Mobile Technologies ◽  
Model Concept ◽  
Holistic View ◽  
Government Sector ◽  
Value Propositions ◽  
Framework Development

The mobile local government services topic is an area that needs relentless attention and continuous steps towards its improvement taking advantage of the new technologies. Mobile technologies help in advancing municipal information systems, providing the citizens with the opportunity to perform easily routine transactions through their mobile devices anywhere-anytime.In order to have sustainable and useful mobile G2C information systems services, there is high need to successfully integrate the mobile government concept with the business model concept; such concepts could harmonically co-exist and yield fruitful results.This dissertation attempts to provide guidelines that could be used to highlight key tasks, which can steer successful development path through strategic steps and stages integrated into a theoretical framework, the GoMobi framework. To reach this point, there is a number of secondary objectives accomplished including: literature review of the concepts of mobile government and of business models, mapping of existing services, forming of a typology of mobile G2C services, and analysis of their value propositions. The theoretical model (GoMobi) is, finally, validated through case studies conduction.The findings of such dissertation contribute valuably to both theory and practice. The comprehensiveness of the mobile G2C services value propositions and barriers grounded theories, the inclusiveness of the mobile G2C services typology, the completeness of the mapping of the provided mobile G2C services in Greece, the integrity of the conceptual review of the business models dimensions, and the fruitfulness and flexibility of the GoMobi framework development, are innovative aspects in the academic environment. Finally, practitioners interested in entering the mobile government sector can be aware of the sector’s demands, additionally to having a holistic view of how to design, create, communicate, compare, analyze, evaluate, and modify their existing and future business dimensions of provided mobile information systems services.

scholarly journals Strategic Technological Sourcing Decisions in the Context of Timing and Market Strategies: An Empirical Analysis

2014 ◽  
Vol 11 (03) ◽  
pp. 1450016 ◽  
Author(s):  
Alexander Brem ◽  
Daniel A. Gerhard ◽  
Kai-Ingo Voigt
Keyword(s):  
Business Models ◽  
New Technologies ◽  
Decision Processes ◽  
Theory And Practice ◽  
Future Research ◽  
German Industry ◽  
Competitive Strategies ◽  
Innovative Products ◽  
The Subject ◽  
Market Strategies

In times of changing business models and international competition, there is an inherent need for companies to foster and develop mechanisms to absorb new technologies for innovative products and processes effectively. Such considerations lead to the strategic make-or-buy decision which was the subject of our research. This quantitative explanatory study in the German industry shows in particular that companies base their decision for internal or external sourcing on multiple weighted criteria with scoring models and, even more common, with portfolio matrices. These results are in common with recent research, however, other results are surprising, e.g. just a small minority of companies involve people from controlling and legal departments in these decision processes. The paper also reveals differences between companies with different timing and competitive strategies, which are in line with the proposed characteristics of these strategic focuses in literature. Implications for theory and practice are given to foster future research in this area.

scholarly journals Structure of Technological Dynamics and Economic Growth of Russia

Federalism ◽  
2020 ◽  
pp. 5-25
Author(s):  
O. S. Sukharev
Keyword(s):  
Economic Growth ◽  
Structural Changes ◽  
New Technologies ◽  
Technological Development ◽  
Russian Economy ◽  
Technological Structure ◽  
Innovative Products ◽  
Technological Modernization ◽  
Technological Effectiveness

The slowdown in Russia’s economic growth to the “covid crisis”, as well as the possibility of restoring growth and forming a new model of it, are associated with the need to overcome structural constraints. Moreover, the plans for the recovery of the Russian economy note the need not only for a stimulating macroeconomic policy, but also for the implementation of structural changes through technological renewal. However, technological modernization is highly dependent on the existing mode of technological development – the current and future demand for new technologies. The implementation of the country’s technological development strategy requires an assessment of the existing technological structure with a measurement of its reaction to ongoing investments in support of obsolete and emergence of new technologies. Different sectors of the economy and its regions, having a different set of technologies and their structure, show a different level of manufacturability, which is understood as the ratio of the volume of innovative to non-innovative products. The sensitivity of this parameter to investments in new and outdated technologies is also different, which cannot be taken into account in the formation of investment and technological development policies for both individual regions and Russia as a whole. Using structural and regression analysis, this study provides a picture of the structure of the technological Russian economy. It is shown that technological modernization also involves the movement of resources in the sectoral and regional context in order to eliminate structural and technological imbalances in development. Investment policy should be reduced not only to increasing investments, but also to managing their structure in conjunction with replacing old technologies in order to level and improve the overall manufacturability. This will require solving the promising problem of increasing the sensitivity of manufacturability to investments in new technologies. In the long term, this approach will make it possible to single out the modes of regional technological development, not only ranking regions in terms of sensitivity to new and old technologies, but also developing a selective set of regional policy measures.Keywords: “covid crisis”, economic growth, industrialization, investments, structural changes, structural dynamics, technologies, technological effectiveness of the regional economy.

scholarly journals Contemporary Issues in International Economics

2021 ◽  
Keyword(s):  
Economic Growth ◽  
Business Models ◽  
New Technologies ◽  
Economic Environment ◽  
Financial Industry ◽  
Financial Innovations ◽  
Modern Economy ◽  
New Business ◽  
Economic Reality ◽  
New Business Models

The contemporary economic environment is in most segments quite different than it was even two decades ago. Globalization, development of new technologies, especial in the IT sector, financial innovations, repositioning of economic powers, and new business models are only a few of many new realities. Although all listed brought numerous new possibilities and continuous economic growth, we cannot neglect the increased risks and perils of contemporary economic reality. Uncertainty and adaptation have become a mantra in the life of entrepreneurs, governments, and institutions. Through eight chapters of this monograph, different experts, researchers and scholars try to enlight contemporary economic environment from a different perspective, either from the perspective of entrepreneur, financial industry, governments or average consumer and participant in the modern economy that was very promising only a few decades ago, but more uncertain and dangerous than ever, in the present.

scholarly journals STARTUP MARKETING STRATEGY TO ATTRACT VENTURE CAPITAL AT THE AGE OF DIGITALIZATION

2020 ◽  
Vol 5 (1) ◽  
pp. 23-28
Author(s):  
Olena Kanishchenko ◽  
Yuliia Kuznetsova
Keyword(s):  
Venture Capital ◽  
Capital Investment ◽  
Business Models ◽  
Marketing Research ◽  
Investment Strategy ◽  
Theory And Practice ◽  
Strategy Development ◽  
Modern World ◽  
Modern Theory ◽  
Management Concepts

The article deals with the current state of startup ecosystem, its constraints and incentives, comparisons with traditional business models. The authors pay attention to an issue of attracting venture capital to finance newborn projects in the modern world. The key problems of the startups are outlined in the paper, an important fact that the ecosystem is getting more competitive and the investors are getting more cautious. The paper summarizes the traditional marketing tools for strategy development and justifies the possibility of their use in building up a startup business model. The features of attracting venture investments are identified and the specifics of the venture investor-consumer are determined. The authors' approach to the creation of a venture capital investment strategy is proposed, and each stage is considered with appropriate management concepts and models. The choice of the most effective instrument for analyzing the macromarketing, micromarketing environment and internal environment of startup obviously depends on market location and type, industry, size of the company, resources, market type, life cycle of the market / product, etc. Many tools for marketing analysis in the modern theory and practice of marketing have been named with the aim to popularize. The paper also considers the influence of coronavirus epidemy of to attract money and figures out some basic information how to prevent such a situation. The key future threats of the market are named. The importance of marketing research in the age of digitization has been explained and proven.

scholarly journals Digital manufacturing, industry 4.0, clould computing and thing internet: Brazilian contextualization and reality

2017 ◽  
Vol 8 (2) ◽  
pp. 459
Author(s):  
Wagner Cardoso ◽  
Walther Azzolini Junior ◽  
Jéssica Fernanda Bertosse ◽  
Edson Bassi ◽  
Emanuel Soares Ponciano
Keyword(s):  
Manufacturing Industry ◽  
Business Models ◽  
New Technologies ◽  
Theory And Practice ◽  
Digital Manufacturing ◽  
Professional Qualification ◽  
Digital Era ◽  
Production And Distribution ◽  
New Business ◽  
The Creation

The digital era represents significant changes in the design of IT projects with an emphasis on digital infrastructure, especially in terms of investment and professional qualification, which requires, in Brazil, the creation of specific lines of financing by government development agencies. The creation of demonstration platforms could be an effective initiative to stimulate the dissemination of the concept and the establishment of partnerships between customers and suppliers of new technologies. On the other hand, and particularly for the consumer market, corporations can create new business models and modify their relationships with their consumers, users and even competitors. In fact, today, "Thing Internet" has come to significantly modify the paradigms of perception, production and distribution of the capitalist world. This article discusses, covering and understanding the main reasons for the existence of this gap between theory and practice regarding digital manufacturing and adjacencies, the perspectives of technological innovations in the digital era specifically in Brazil. Its content is the result of a bibliographical review carried out from April to June 2016.

scholarly journals ESTIMATION ECONOMIC AND INSTITUTIONAL FACTORS IN THE CONTEXT OF BALANCED AND INNOVATIVE DEVELOPMENT INDUSTRIAL ENTERPRISES UKRAINE

2018 ◽  
Vol 20 (2(67)) ◽  
pp. 69-76
Author(s):  
A.V. KARPINSKA ◽  
V.V. LUKASHCHUK ◽  
ANTE RONCEVIC
Keyword(s):  
Information And Communication Technologies ◽  
Industrial Development ◽  
New Technologies ◽  
Technological Development ◽  
Economic Environment ◽  
Institutional Factors ◽  
Innovative Development ◽  
Industrial Enterprises ◽  
New Knowledge ◽  
The Government

Topicality. One of the main tasks balanced development industrial enterprises and acceleration of innovative development Ukraine is the transition to an economy based on the productive use of new knowledge. Knowledge itself is a factor in post-industrial development and is an inexhaustible public good, which increases in the process of its use. In such conditions, the creation of proper general economic and institutional factors for the free movement of knowledge, the introduction of information and communication technologies, the effective transformation of new knowledge into new technologies, products and services are very important. Aim and tasks. The aim of the article is to study and assess economic and institutional factors in the context of balanced and innovative development Ukrainian industrial enterprises. Research results. The article deals with the main economic and institutional factors of the environment of industrial enterprises in Ukraine. The complex socio-economic situation in the country is revealed, which causes a shortage of financial resources at the disposal of the Government of Ukraine and regional authorities, and which significantly complicates the process of financial support for innovation development by the state. The possibilities of the country for the formation of a "knowledge economy" are revealed. The main directions of improvement of the general economic and institutional environment for the purpose of balanced and innovative development industrial enterprises. Conclusions. The results of the analysis and assessment of the general economic and institutional prerequisites of balanced and innovative development of industrial enterprises indicate the proper level of all two components of the general economic environment - "freedom of trade" and "fiscal freedom". But unlike them, low-value components such as "state expenditures", "freedom of investment", "financial freedom". Ukraine has extremely low rates of freedom from corruption. As to security and property rights, at the moment, the worst situation is with regard to intellectual property protection and the independence of the judiciary. From the above it can be concluded that the financial system of our country is weak, and its banking and financial sector are not functioning effectively, which in turn does not contribute to the formation of such a general economic environment and institutional, which would financially and lawfully stimulate a balanced and, in particular, innovative technological development entrepreneurship.

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