scholarly journals MULTICRITERIA EVALUATION OF THE INNOVATIVE PROJECT EFFECTIVENESS / INOVATYVIŲ PROJEKTŲ VERTINIMO PROBLEMA

2013 ◽  
Vol 5 (1) ◽  
pp. 7-12
Author(s):  
Artūras Stepanovas ◽  
Karolina Ostašenkovaitė
Keyword(s):  
Economic Growth ◽  
Evaluation Model ◽  
Added Value ◽  
The European Union ◽  
Multi Criteria Evaluation ◽  
European Union Countries ◽  
Long Time ◽  
Key Driver ◽  
High Level ◽  
Reasonable Use

For a long time in most developed Western countries, innovation has been the key driver of economic growth, enabling a high level of added value and ensuring economic development. According to 2011 Innovation Union Scoreboard indicators for assessment, Lithuania still lags far behind the European Union countries in innovation. In order to improve this indicator, it is important to encourage the development of innovative projects in the country. For this purpose, it is important to properly prepare innovative projects in multi-criteria evaluation model in case this reasonable use might reduce the risk of projects and help to find the least risky and most beneficial innovative projects. Article in Lithuanian. Santrauka Daugelyje išsivysčiusių Vakarų valstybių inovacijos jau seniai tapo svarbiausiu ekonomikos augimo varikliu, leidžiančiu pasiekti aukštą pridėtinę vertę ir užtikrinančiu ekonomikos plėtrą. Remiantis 2011 m. Inovacijų sąjungos švieslentės rodiklių vertinimu, Lietuva vis dar itin atsilieka nuo Europos Sąjungos šalių vidurkio inovacijų srityje. Lietuvai siekiant pagerinti šį rodiklį ir iki 2015 m. tapti Šiaurės Baltijos regiono paslaugų centru, o iki 2020 m. – Šiaurės Europos inovacijų centru, vienas iš uždavinių – kuo įmanoma labiau pakelti šalies modernizacijos bei inovacijų lygį. Tai įmanoma skatinant inovatyvių projektų plėtrą šalyje. Šiuo tikslu svarbu tinkamai parengti inovatyvių projektų daugiakriterio vertinimo modelį, kurio priimtinas taikymas išskirtų mažiausiai rizikingus ir daugiausia naudos teikiančius inovatyvius projektus.

scholarly journals Are International Indices Good Predictors of Economic Growth? Panel Data and Cluster Analysis for European Union Countries

2021 ◽  
Vol 13 (11) ◽  
pp. 6003
Author(s):  
Manuel Carlos Nogueira ◽  
Mara Madaleno
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Panel Data ◽  
Human Development ◽  
Empirical Studies ◽  
The European Union ◽  
Global Competitiveness ◽  
Environmental Performance Index ◽  
European Union Countries ◽  
And Cluster Analysis

Every year, news about the publication of rankings and scores of important international indexes are highlighted, with some of the most prestigious being the Global Competitiveness Index (GCI), the Human Development Index (HDI), the Ease of Doing Business (EDB), the Environmental Performance Index (EPI) and the Global Entrepreneurship (GEI). A country’s progression in these indices is associated with economic growth, especially since several empirical studies have found evidence to reinforce these beliefs, the indices having been built based on the scientific literature on economic growth. Building a database on these indices for European Union countries between 2007 and 2017 and using panel data methodologies and then 2SLS (Two-Stage Least Squares) to solve the problem of endogeneity, we verify empirically through panel data estimates, what is the relationship between the mentioned indices and the European Union countries’ economic growth for the period. However, as the European Union is made up of diverse countries with different economic and social realities, we divided the countries into six clusters and made an individual interpretation for each one. We found that human development and competitiveness play an important role in economic growth, and entrepreneurship also impacts this growth. Regarding income distribution, applying the Gini index, we found that only human development mitigates inequalities.

scholarly journals New tools and opportunities in growth and climate friendly greening for small and medium enterprises in the European Union

2015 ◽  
Vol 9 (4) ◽  
pp. 25-31
Author(s):  
Xénia Szanyi-Gyenes ◽  
György Mudri ◽  
Mária Bakosné Böröcz
Keyword(s):  
Economic Growth ◽  
Environmental Sustainability ◽  
Small And Medium Enterprises ◽  
Sustainable Growth ◽  
Added Value ◽  
Easy Access ◽  
The European Union ◽  
Access To Finance ◽  
Medium Enterprises ◽  
The Eu

The role of Small and Medium Enterprises (SMEs) is unquestionable in the European economies, while financial opportunities are still inadequate for them. The more than 20 million SMEs play a significant role in European economic growth, innovation and job creation. According to the latest EC Annual Report , SMEs are accounting for 99% of all non-financial enterprises, employing 88.8 million people and generating almost EUR 3.7 tn in added value for our economy. Despite the fact that there is plenty of EU funding available for these SMEs, for certain reasons these funds hardly reach them. But we have to see that the EU supports SMEs by various way, e.g. by grants, regulatory changes, financial instrument, direct funds. On the other hand, SMEs and decision makers realised that the environmental sustainability has to be attached to the economic growth, therefore more and more tools are available for these enterprises. Over the last few years, public institutions, the market, the financial community and non-governmental associations have explicitly demanded that firms improve their environmental performance. One of the greatest opportunities might lay in the Climate- and Energy Strategy till 2030 as 20% of the EU budget is allocated to climate-related actions, however the easy access to finance is still a key question. Does the EU recognise the actual difficulties? Is there a systemic reason behind the absorption problems? Is the EU creating a more businessfriendly environment for SMEs, facilitating access to finance, stimulates the green and sustainable growth and improving access to new markets? The paper analyses the current European situation of the SMEs and the effectiveness of some new tools, which are specially targeting SMEs. JEL classification: Q18

scholarly journals European social model vs directive Bolkestein

2006 ◽  
Vol 53 (1) ◽  
pp. 65-77
Author(s):  
Srdjan Redzepagic
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Social Inclusion ◽  
Social Protection ◽  
Full Employment ◽  
Social Model ◽  
The European Union ◽  
European Social Model ◽  
Social Agenda ◽  
High Level

In this article is elaborated the actually question which is developed and discussed it the European Union is the European Social Model (ESM). It is a vision of society that combines sustainable economic growth with ever-improving living and working conditions. This implies full employment good quality jobs, equal opportunities, social protection for all, social inclusion, and involving citizens in the decisions that affect them. As the Euro-zone is struggling to move away from a dramatic slump in its economy and while the Lisbon Strategy and its potential for economic growth, strongly needs reactivation, the debates over the Europe have raised again the issue of a sustainable social agenda for the European Union. Recently, Europe's political leaders defined the ESM, specifying that it "is based on good economic performance, a high level of social protection and education and social dialogue". An important topic of the discussion nowadays is the Directive of the European Parliament and of the Council on services in the internal market so called "Bolkestein directive". The importance of this article is to give us the answer to the following question: would we have French goods available in French supermarkets all over Poland and no Polish services allowed in France? The EU would be unthinkable without the full implementation of the four freedoms. This is a good directive, going in the good direction.

Innovation – Populist Slogan, Why?

2014 ◽  
Vol 33 (3) ◽  
pp. 25-34
Author(s):  
Peter Ponický ◽  
Vítězslav Zamarský
Keyword(s):  
Economic Growth ◽  
Life Experiences ◽  
Poor Quality ◽  
Added Value ◽  
The European Union ◽  
Asian Countries ◽  
Positive Effects ◽  
The World ◽  
Leading Position ◽  
Catch Up

Nowadays, innovation is perhaps the most widely spoken global keyword in the field of economy. Everyone talks about innovation and the European Union already for more than a decade, has wanted through innovation to catch up with and take the leading position in the world. However, what is the reality? Europe still has difficulties with the pace of economic growth, which according to many is joined combined with innovation and knowledge. Asian countries often set a price of an innovated product of poor quality and with no added value that includes huge cost of efficient marketing and aggressive advertising. Therefore, is innovation everything what is called this way? Though the world controls the speed and acceleration of changes, it does not mean necessarily an advantage or positive effects. And evolution of a star in a supernova and then a black hole is in the final stages accelerated in an unusual way. The inspiration for our article was slanted to cheap using the word “innovation”, just because it is a European priority. We just drew from his knowledge and life experiences.

Financial Services Input as a Source of Economic Growth in the European Union Countries

2016 ◽  
Vol 63 (3) ◽  
pp. 289-308
Author(s):  
Joanna Wyszkowska-Kuna
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Financial Services ◽  
The European Union ◽  
Business Services ◽  
Intermediate Inputs ◽  
European Union Countries ◽  
Production Growth ◽  
Knowledge Intensive ◽  
Factor Inputs

The aim of this paper is to study and compare the importance of intermediate demand for financial services for the growth of production in the European Union countries. In the study the methodology introduced by Jorgenson et al. (1987) is used. This assumes that changes in the production (in real terms) result from changes in intermediate inputs of raw and manufacturing materials and services, as well as in factor inputs (labour and capital) and in total factor productivity. The advantage of this method is the ability to calculate the contributions of different components of intermediate inputs (including service inputs – total or with respect to particular service categories) to production growth in the whole economy and in individual industries. The study is carried out with respect to financial services, but their contribution to economic growth is compared with the contribution of knowledge--intensive business services that have been already recognized as affecting economic and productivity growth. The data used in the study come from the World Input-Output Database. The analysed period covers the years 1995–2009, owing to the availability of relevant data.

scholarly journals Staffing support management for regional economic growth in the context of global challenges

2021 ◽  
Vol 128 ◽  
pp. 05006
Author(s):  
Vitaly Skantsev ◽  
Tatyana Gerashchenkova
Keyword(s):  
Economic Growth ◽  
Industrial Sector ◽  
Added Value ◽  
Regional Economic Growth ◽  
Industrial Enterprises ◽  
Potential Development ◽  
Formation Conditions ◽  
Labor Resources ◽  
High Level ◽  
Regional Authorities

The article defines the formation conditions of regional development vectors on the basis of approved federal documents and the opinion of regional authorities on the expediency of applying efforts to certain sectors of the economy. The authors indicate the necessity of focusing on the development of the industrial sector of the economy. This is justified, first of all, by the high level of the added value of industrial products. The industrial sector is also pointed out as a factor of intellectualization of the consumer sphere and a driver of economic growth. At the same time, staff potential is highlighted as one of the most important resource components. The results of the study indicate the participants in the formation of labor resources and the problems of their interaction, the shortcomings of staffing support at modern industrial enterprises. The article contains the mechanisms that are necessary for managing the processes of staff potential development, including the ones that take into account the prospective needs in the conditions of industrial transformations and the young people’s understanding of their purpose in economic activity. The emphasis is placed on the complexity and consistency of the actions taken. At the same time, the authors provide a list of the most significant professional skills and promising professions for both large manufacturers and small and medium-sized businesses.

scholarly journals Productive Employment for Inclusive and Sustainable Development in European Union Countries: A Multivariate Analysis

2019 ◽  
Vol 11 (6) ◽  
pp. 1771 ◽  
Author(s):  
Maria-Ana Georgescu ◽  
Emilia Herman
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
Recovery Period ◽  
Principal Component ◽  
The European Union ◽  
European Union Countries ◽  
And Cluster Analysis ◽  
Working Poverty ◽  
High Level ◽  
Productive Employment

It is widely recognized that achieving highly productive employment is a serious challenge facing inclusive and sustainable development. In this context, the aim of this article was to highlight the main characteristics and mechanisms of productive employment, focusing on the interrelationships between productive employment, and inclusive and sustainable development in European Union countries, during the recent economic crisis and recovery period (2007–2016). The results of the correlation and regression analysis suggest that the high level of inclusive and sustainable development in some European Union countries can be mainly explained by high labor productivity, an efficient sectoral structure of employment, a low level of vulnerable and precarious employment, and low working poverty. Moreover, the results of the principal component analysis and cluster analysis show that there are common features and differences between the European Union member states in terms of their interrelationship between productive employment, and inclusive and sustainable development, which emphasizes the need to take specific actions to transform unproductive employment into productive employment, especially in southern countries and some central and eastern European countries, so that productive employment will be the driving force for development.

scholarly journals Government expenditure and economic growth in the European Union countries: New evidence

2017 ◽  
Vol 36 (36) ◽  
pp. 127-133 ◽  
Author(s):  
Marta Pascual Sáez ◽  
Santiago Álvarez-García ◽  
Daniela Castañeda Rodríguez
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Government Spending ◽  
Government Expenditure ◽  
The European Union ◽  
The Public ◽  
European Union Countries ◽  
The Impact ◽  
New Evidence ◽  
The Relationship

AbstractThis paper provides new evidence of the impact of government spending on economic growth in the European Union countries. Governments can adjust their levels of spending in order to influence their economies, although the relationship between these variables can be positive or negative, depending on the countries included in the sample, the period of estimation and the variables which reflect the size of the public sector. The results obtained based on regression and panel techniques suggest that government expenditure is not clearly related with economic growth in the European Union countries over the period 1994-2012.

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