Pub Date : 2023-10-23DOI: 10.1016/j.team.2023.10.002
Yonglei Jiang , Anming Zhang
This study explores the dynamics of entry, survival, and exit of large long-haul aircraft in China's burgeoning air transport market, focusing on the Airbus 380 and Boeing 747–8I as case studies. Utilizing rare events logistic regression and the time-dependent Cox regression model, the determinants of route entrance and survival for these aircraft from 2011 to 2021 were analyzed. The data is based on the flight plans of pertinent air routes and aircraft. Key findings include: (1) Both aircraft types favored entry into home-airfield-related, long-haul routes with a substantial existing flight volume. (2) Both aircraft exhibited prolonged survival on international long-haul routes, especially when airlines used them to bolster market share with consistent frequency. (3) Without the home-airfield advantage enjoyed by Air China, China Southern Airlines trialed the Airbus 380 on multiple occasions. Notably, if the Airbus 380 maintains operation on a route for at least 16 weeks, it demonstrates a lower likelihood of exit compared to the Boeing 747–8I.
{"title":"Large long-haul aircraft entry, survival, and exit in China's air transport market: The Airbus 380 and Boeing 747-8I","authors":"Yonglei Jiang , Anming Zhang","doi":"10.1016/j.team.2023.10.002","DOIUrl":"https://doi.org/10.1016/j.team.2023.10.002","url":null,"abstract":"<div><p>This study explores the dynamics of entry, survival, and exit of large long-haul aircraft in China's burgeoning air transport market, focusing on the Airbus 380 and Boeing 747–8I as case studies. Utilizing rare events logistic regression and the time-dependent Cox regression model, the determinants of route entrance and survival for these aircraft from 2011 to 2021 were analyzed. The data is based on the flight plans of pertinent air routes and aircraft. Key findings include: (1) Both aircraft types favored entry into home-airfield-related, long-haul routes with a substantial existing flight volume. (2) Both aircraft exhibited prolonged survival on international long-haul routes, especially when airlines used them to bolster market share with consistent frequency. (3) Without the home-airfield advantage enjoyed by Air China, China Southern Airlines trialed the Airbus 380 on multiple occasions. Notably, if the Airbus 380 maintains operation on a route for at least 16 weeks, it demonstrates a lower likelihood of exit compared to the Boeing 747–8I.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 168-179"},"PeriodicalIF":0.0,"publicationDate":"2023-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2949899623000163/pdfft?md5=1e7e872cb15be52ff4235cc22a471f1b&pid=1-s2.0-S2949899623000163-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92047444","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-15DOI: 10.1016/j.team.2023.10.001
Fawzi G. Khalife , Erin E. Arneson , Rebecca A. Atadero , Mehmet E. Ozbek
The impacts of transportation systems on people and communities are substantial but challenging to quantify. It requires significant effort and attention for transportation agencies to improve how social concepts such as equity are effectively incorporated into transportation asset management (TAM) plans and practices. This study, therefore, looked at TAM plans and practices to assess the current application of equity and suggested ways to improve equity incorporation into TAM at the state level. A content analysis was done on the 2019 TAM plans from all U.S. states, D.C., and Puerto Rico, and the results showed that equity-related words were rarely mentioned. This indicated that TAM is one of the sectors where equity is still marginalized, and there is a strong need to improve the incorporation of equity into TAM. The study then identified several equity definitions and measures that fit the context of pavement management and, as a result, TAM. Pavement management was used for demonstration purposes as pavements are a major type of asset managed by all state Departments of Transportation (DOTs). Definitions and measures were identified by reviewing documents from the USDOT and FHWA and three sustainability rating systems widely used in transportation: Envision, Greenroads, and INVEST. In addition to these definitions and measures, this study discussed several available guides and tools that would help agencies bring equity considerations into TAM, specifically at the state level. The results indicated that although some resources provide equity definitions and measures that can be used in TAM, more work is needed to develop them to match the practices and approaches used in this sector.
{"title":"Assessing social equity considerations within transportation asset management","authors":"Fawzi G. Khalife , Erin E. Arneson , Rebecca A. Atadero , Mehmet E. Ozbek","doi":"10.1016/j.team.2023.10.001","DOIUrl":"https://doi.org/10.1016/j.team.2023.10.001","url":null,"abstract":"<div><p>The impacts of transportation systems on people and communities are substantial but challenging to quantify. It requires significant effort and attention for transportation agencies to improve how social concepts such as equity are effectively incorporated into transportation asset management (TAM) plans and practices. This study, therefore, looked at TAM plans and practices to assess the current application of equity and suggested ways to improve equity incorporation into TAM at the state level. A content analysis was done on the 2019 TAM plans from all U.S. states, D.C., and Puerto Rico, and the results showed that equity-related words were rarely mentioned. This indicated that TAM is one of the sectors where equity is still marginalized, and there is a strong need to improve the incorporation of equity into TAM. The study then identified several equity definitions and measures that fit the context of pavement management and, as a result, TAM. Pavement management was used for demonstration purposes as pavements are a major type of asset managed by all state Departments of Transportation (DOTs). Definitions and measures were identified by reviewing documents from the USDOT and FHWA and three sustainability rating systems widely used in transportation: Envision, Greenroads, and INVEST. In addition to these definitions and measures, this study discussed several available guides and tools that would help agencies bring equity considerations into TAM, specifically at the state level. The results indicated that although some resources provide equity definitions and measures that can be used in TAM, more work is needed to develop them to match the practices and approaches used in this sector.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 160-167"},"PeriodicalIF":0.0,"publicationDate":"2023-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49732847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-22DOI: 10.1016/j.team.2023.09.001
Thiago Dias de Jesus , Marcelo Seido Nagano , Victor Rafael Rezende Celestino
Airlines endeavour to implement substantial measures to ensure profitability and maintain a competitive edge in the market. This entails conducting extensive studies and engaging in strategic planning to make optimal decisions. A crucial element of this process involves addressing the Fleet Assignment Problem (FAP). Typically, aircraft operating within an established network are acquired before adopting this method, rather than being selected based on an optimal solution. Consequently, incumbent airlines frequently operate in Brazilian regional aviation with fleets that are not optimised for the specific routes they serve. This study aims to explore an integrated frequency assignment and fleet assignment model, which identifies the most suitable aircraft for a given network. Model parameters were estimated from historical data from multiple incumbent airlines and were applied to a fictitious airline operating from Goiania International Airport (Brazil) as the hub. The findings from multiple test runs ascertain optimal frequency and aircraft capacity selections, as well as recommended fleet sizes. Further analysis reveals, for instance, that the Embraer E190-E2 is the most suitable aircraft for a scenario constrained to a single type of fleet, demonstrating the potential for significant profitability on the routes in the simulated network.
{"title":"An integrated frequency assignment and fleet assignment model: A strategic application in the Brazilian regional aviation market","authors":"Thiago Dias de Jesus , Marcelo Seido Nagano , Victor Rafael Rezende Celestino","doi":"10.1016/j.team.2023.09.001","DOIUrl":"https://doi.org/10.1016/j.team.2023.09.001","url":null,"abstract":"<div><p>Airlines endeavour to implement substantial measures to ensure profitability and maintain a competitive edge in the market. This entails conducting extensive studies and engaging in strategic planning to make optimal decisions. A crucial element of this process involves addressing the Fleet Assignment Problem (FAP). Typically, aircraft operating within an established network are acquired before adopting this method, rather than being selected based on an optimal solution. Consequently, incumbent airlines frequently operate in Brazilian regional aviation with fleets that are not optimised for the specific routes they serve. This study aims to explore an integrated frequency assignment and fleet assignment model, which identifies the most suitable aircraft for a given network. Model parameters were estimated from historical data from multiple incumbent airlines and were applied to a fictitious airline operating from Goiania International Airport (Brazil) as the hub. The findings from multiple test runs ascertain optimal frequency and aircraft capacity selections, as well as recommended fleet sizes. Further analysis reveals, for instance, that the Embraer E190-E2 is the most suitable aircraft for a scenario constrained to a single type of fleet, demonstrating the potential for significant profitability on the routes in the simulated network.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 151-159"},"PeriodicalIF":0.0,"publicationDate":"2023-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49732845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-18DOI: 10.1016/j.team.2023.09.002
Xiong Wang, Wanping Yang, Xiaohang Ren
Using panel data encompassing Central China’s cities from 2008 to 2019, our study employs the Spatial Autoregression (SAR) and the Spatial Difference-in-Differences (SDID) models to assess both the localized and spillover effects of public service provision on tourism. Additionally, our research explores the pivotal role of High-Speed Rail (HSR) as a moderating factor, shedding light on its influence on the relationship between public service supply and the advancement of tourism. Our study reveals that public service supply exerts a significant and even substantial impact on tourism development. Moreover, it demonstrates that the provision of public services contributes positively to the growth of tourism in neighboring cities. Further analysis indicates that the introduction of HSR has a robust influence on enhancing public service supply to stimulate tourism development. These findings offer invaluable insights for the promotion of tourism development.
{"title":"Impacts of public service supply on the tourism industry in the high-speed rail era: Evidence from the central regions of China","authors":"Xiong Wang, Wanping Yang, Xiaohang Ren","doi":"10.1016/j.team.2023.09.002","DOIUrl":"https://doi.org/10.1016/j.team.2023.09.002","url":null,"abstract":"<div><p>Using panel data encompassing Central China’s cities from 2008 to 2019, our study employs the Spatial Autoregression (SAR) and the Spatial Difference-in-Differences (SDID) models to assess both the localized and spillover effects of public service provision on tourism. Additionally, our research explores the pivotal role of High-Speed Rail (HSR) as a moderating factor, shedding light on its influence on the relationship between public service supply and the advancement of tourism. Our study reveals that public service supply exerts a significant and even substantial impact on tourism development. Moreover, it demonstrates that the provision of public services contributes positively to the growth of tourism in neighboring cities. Further analysis indicates that the introduction of HSR has a robust influence on enhancing public service supply to stimulate tourism development. These findings offer invaluable insights for the promotion of tourism development.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 139-150"},"PeriodicalIF":0.0,"publicationDate":"2023-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49732843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-21DOI: 10.1016/j.team.2023.08.002
Pedro Cantos-Sánchez , Rafael Moner-Colonques , Alba Ruiz-Buforn , Jose J. Sempere-Monerris
This paper explores the efficacy of short-haul flights bans in reducing environmental external costs and its effects on welfare. Recently implemented by several European countries, the ban policy assumes that the air traffic lost will be diverted to rail giving environmental gains. A model where users are also allowed to use private car and account for all transport external costs is proposed to check this measure. The ban will provoke a shift in the modal split and affect total traffic levels. Rail prices will rise, users surplus and net welfare will fall. External costs are not necessarily reduced. Finally, an ex-ante assessment is done finding that environmental costs only decrease in the Madrid-Barcelona corridor, increasing in the Madrid-Valencia one. Social welfare net of all external costs decreases by 19.6% and 3.1% respectively. Thus, a case-by-case approach for implementing short-haul flights bans would be advisable.
{"title":"Welfare and environmental effects of short-haul flights bans","authors":"Pedro Cantos-Sánchez , Rafael Moner-Colonques , Alba Ruiz-Buforn , Jose J. Sempere-Monerris","doi":"10.1016/j.team.2023.08.002","DOIUrl":"https://doi.org/10.1016/j.team.2023.08.002","url":null,"abstract":"<div><p>This paper explores the efficacy of short-haul flights bans in reducing environmental external costs and its effects on welfare. Recently implemented by several European countries, the ban policy assumes that the air traffic lost will be diverted to rail giving environmental gains. A model where users are also allowed to use private car and account for all transport external costs is proposed to check this measure. The ban will provoke a shift in the modal split and affect total traffic levels. Rail prices will rise, users surplus and net welfare will fall. External costs are not necessarily reduced. Finally, an ex-ante assessment is done finding that environmental costs only decrease in the Madrid-Barcelona corridor, increasing in the Madrid-Valencia one. Social welfare net of all external costs decreases by 19.6% and 3.1% respectively. Thus, a case-by-case approach for implementing short-haul flights bans would be advisable.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 126-138"},"PeriodicalIF":0.0,"publicationDate":"2023-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49715737","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-18DOI: 10.35854/1998-1627-2023-7-843-850
A. Batsokin
Aim. To determine the potential of practical application of neural networks as a tool to form a model of competencies of JSC “RZD” employees who provide operation of railway infrastructure objects.Tasks. To estimate the quality of the structure, description and level of detail of the competence model formed by a neural network by means of comparison with traditional sources containing requirements to the competence of a track mounting workman position.Methods. The theoretical (analysis, modeling, specification, classification) and empirical (comparison, description, content analysis) general scientific research methods formed the methodological basis. The generation of the competence model by means of artificial intelligence was carried out with the help of the software complex based on neural networks.Results. The structure and description of the competencies generated by the neural network correspond on the whole to the competency model of a track fitter and unified corporate requirements for the employees of JSC “RZD”. At the same time, the description of some professional competences is insufficient, which indicates the need to form an additional clarifying query to the neural network. The corporate competencies, defined by the neural network, are described in detail and contain more competencies, than the existing model of JSC “RZD” employees’ competencies.Conclusions. In order to prepare a competency model, neural networks serve as an effective tool, which allows to ensure the proper quality of competency structure generation and description. The universality of this approach lies in the possibility to generate a competency model for any position regardless of the industry. The level of inclusiveness of neural networks increases with the development of digital environment, which ensures their accessibility in practice.
{"title":"Practical aspects of artificial intelligence application in formation of competence model (on the example of railway industry)","authors":"A. Batsokin","doi":"10.35854/1998-1627-2023-7-843-850","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-843-850","url":null,"abstract":"Aim. To determine the potential of practical application of neural networks as a tool to form a model of competencies of JSC “RZD” employees who provide operation of railway infrastructure objects.Tasks. To estimate the quality of the structure, description and level of detail of the competence model formed by a neural network by means of comparison with traditional sources containing requirements to the competence of a track mounting workman position.Methods. The theoretical (analysis, modeling, specification, classification) and empirical (comparison, description, content analysis) general scientific research methods formed the methodological basis. The generation of the competence model by means of artificial intelligence was carried out with the help of the software complex based on neural networks.Results. The structure and description of the competencies generated by the neural network correspond on the whole to the competency model of a track fitter and unified corporate requirements for the employees of JSC “RZD”. At the same time, the description of some professional competences is insufficient, which indicates the need to form an additional clarifying query to the neural network. The corporate competencies, defined by the neural network, are described in detail and contain more competencies, than the existing model of JSC “RZD” employees’ competencies.Conclusions. In order to prepare a competency model, neural networks serve as an effective tool, which allows to ensure the proper quality of competency structure generation and description. The universality of this approach lies in the possibility to generate a competency model for any position regardless of the industry. The level of inclusiveness of neural networks increases with the development of digital environment, which ensures their accessibility in practice.","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73472918","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-18DOI: 10.35854/1998-1627-2023-7-851-858
A. Stolyarov, V. V. Gordeev, V. Abramov
Aim. To justify and propose a methodology for searching multi-criteria Pareto-optimal solutions based on the use of socio-economic models or digital twins of complex dynamical systems.Tasks. To substantiate the relevance of using predictive methods for making managerial decisions in conditions of rapid changes and the need to use for these purposes recommendation systems using socio-economic models or digital twins. To propose a methodology for searching multi-criteria Pareto-optimal solutions and to evaluate its accuracy on mathematical and socioeconomic models. To formulate recommendations and limitations on the use of this methodology.Methods. General scientific methods (analysis, synthesis, grouping), mathematical methods of searching for Pareto-optimal solutions and generation of LP -sequences, results of mathematical modelling and numerical experiments were used in the research.Results. The methodology of searching for multicriteria Pareto-optimal managerial decisions is proposed, proposals and limitations on its application are formulated.Conclusions. In conditions of rapid changes it is important to be able to make managerial decisions that take into account the influence of many factors and, accordingly, many criteria characterising the socio-economic system, and at the same time it is necessary to make these managerial decisions in accordance with the logic “from the future”. The method of searching for multi-criteria Pareto-optimal solutions based on the use of socio-economic models or digital twins is proposed. The accuracy of this method is investigated on mathematical models of different degrees of nonlinearity with different number of parameters when solving production multi-parametric problems.
{"title":"Methodology for searching multi-criteria solutions based on digital twins","authors":"A. Stolyarov, V. V. Gordeev, V. Abramov","doi":"10.35854/1998-1627-2023-7-851-858","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-851-858","url":null,"abstract":"Aim. To justify and propose a methodology for searching multi-criteria Pareto-optimal solutions based on the use of socio-economic models or digital twins of complex dynamical systems.Tasks. To substantiate the relevance of using predictive methods for making managerial decisions in conditions of rapid changes and the need to use for these purposes recommendation systems using socio-economic models or digital twins. To propose a methodology for searching multi-criteria Pareto-optimal solutions and to evaluate its accuracy on mathematical and socioeconomic models. To formulate recommendations and limitations on the use of this methodology.Methods. General scientific methods (analysis, synthesis, grouping), mathematical methods of searching for Pareto-optimal solutions and generation of LP -sequences, results of mathematical modelling and numerical experiments were used in the research.Results. The methodology of searching for multicriteria Pareto-optimal managerial decisions is proposed, proposals and limitations on its application are formulated.Conclusions. In conditions of rapid changes it is important to be able to make managerial decisions that take into account the influence of many factors and, accordingly, many criteria characterising the socio-economic system, and at the same time it is necessary to make these managerial decisions in accordance with the logic “from the future”. The method of searching for multi-criteria Pareto-optimal solutions based on the use of socio-economic models or digital twins is proposed. The accuracy of this method is investigated on mathematical models of different degrees of nonlinearity with different number of parameters when solving production multi-parametric problems.","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"260 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76742433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-18DOI: 10.1016/j.team.2023.08.001
Eric Tchouamou Njoya , Peter Forsyth , Hans-Martin Niemeier , Alexandros Nikitas
This study adopts a Structural Path Analysis to explore the ways in which air cargo can play a role in reducing poverty in Vietnam. This study departs from the prevalent and extensively researched macroeconomic analysis of air cargo, focusing instead on the microeconomic and distributional effects. The results show that air cargo growth stimulates the production of the sectors that employ semi-skilled and unskilled rural workers. The results indicate that the effect of air cargo expansion on poverty is more pronounced in rural households than in urban households. The conclusion drawn from this study is that policies focused on decreasing transaction costs and enhancing human capital have the potential to amplify the effects of air cargo on poverty. Moreover, expanding air cargo and simultaneously improving human capital in Vietnam would provide the catalyst for upgrading from value-added assembling functions to higher value-added roles in global value chains.
{"title":"Examining the impact of air cargo growth on poor Vietnamese rural and urban households","authors":"Eric Tchouamou Njoya , Peter Forsyth , Hans-Martin Niemeier , Alexandros Nikitas","doi":"10.1016/j.team.2023.08.001","DOIUrl":"https://doi.org/10.1016/j.team.2023.08.001","url":null,"abstract":"<div><p>This study adopts a Structural Path Analysis to explore the ways in which air cargo can play a role in reducing poverty in Vietnam. This study departs from the prevalent and extensively researched macroeconomic analysis of air cargo, focusing instead on the microeconomic and distributional effects. The results show that air cargo growth stimulates the production of the sectors that employ semi-skilled and unskilled rural workers. The results indicate that the effect of air cargo expansion on poverty is more pronounced in rural households than in urban households. The conclusion drawn from this study is that policies focused on decreasing transaction costs and enhancing human capital have the potential to amplify the effects of air cargo on poverty. Moreover, expanding air cargo and simultaneously improving human capital in Vietnam would provide the catalyst for upgrading from value-added assembling functions to higher value-added roles in global value chains.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 112-125"},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49715732","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-18DOI: 10.35854/1998-1627-2023-7-833-842
A. Rumyantseva, T. Yurchenko
Aim. To check the availability of financial sustainability and self-sufficiency of the budget sphere of Russian regions in the period of new geopolitical challenges, as well as to develop reasoned, scientifically justified proposals that can be used in strategic territorial planning and will contribute to the financial sovereignty of the Russian Federation (RF).Tasks. To consider the concepts of “financial sovereignty”, “financial security”, “financial stability”; to assess the financial stability of Russian regions, their fiscal self-sufficiency; to build an econometric model of the dependence of regional budgets revenues on a number of factors and to identify factors contributing to an increase in the revenue part of budgets, increasing the financial stability of regions and the financial sovereignty of the Russian Federation as a whole.Methods. The authors used a systematic approach, general scientific methods of research, including comparative, logical, analysis and synthesis, economic and statistical, critical review of scientific publications. When developing recommendations, correlation and regression analysis was carried out.Results. Financial sovereignty is the objective independence of the state in carrying out domestic and foreign financial policy. It is ensured by financial security at all levels of governance and in all spheres of socio-economic life. The main factor in increasing the stability of the financial system of the Russian Federation is a stable budget system of the country and its territorial formations. The study showed that the ability of regional budgets to cover their expenditures largely depends on receipts from the federal budget. Such dependence reduces the stability of regional budgets and creates an additional burden on the federal budget. Using the correlation and regression analysis, according to the statistical data for 2021, the factors of economic development that have a positive impact on the revenue part of regional budgets and increase their sustainability were identified. In particular, in the course of the study it became clear that the cost of research and development, innovation, implementation and use of digital technology today affect the economic development of regions. Their statistically significant strong correlation with the revenues of regional budgets was revealed. The results of the study can be used in the design of strategic programs for regional development.Conclusions. There is a high dependence of regions on state support, which creates an additional burden on the federal budget, reducing its sustainability and financial sovereignty of the country. Subjects of the Russian Federation need to promote business development and stimulate its investment activity. The priority in the design of programs of strategic development of regions should be the introduction of digital technologies, increasing expenditure on research and development, innovation activities.
{"title":"Sustainable development of territories as a factor of financial sovereignty of the Russian Federation","authors":"A. Rumyantseva, T. Yurchenko","doi":"10.35854/1998-1627-2023-7-833-842","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-833-842","url":null,"abstract":"Aim. To check the availability of financial sustainability and self-sufficiency of the budget sphere of Russian regions in the period of new geopolitical challenges, as well as to develop reasoned, scientifically justified proposals that can be used in strategic territorial planning and will contribute to the financial sovereignty of the Russian Federation (RF).Tasks. To consider the concepts of “financial sovereignty”, “financial security”, “financial stability”; to assess the financial stability of Russian regions, their fiscal self-sufficiency; to build an econometric model of the dependence of regional budgets revenues on a number of factors and to identify factors contributing to an increase in the revenue part of budgets, increasing the financial stability of regions and the financial sovereignty of the Russian Federation as a whole.Methods. The authors used a systematic approach, general scientific methods of research, including comparative, logical, analysis and synthesis, economic and statistical, critical review of scientific publications. When developing recommendations, correlation and regression analysis was carried out.Results. Financial sovereignty is the objective independence of the state in carrying out domestic and foreign financial policy. It is ensured by financial security at all levels of governance and in all spheres of socio-economic life. The main factor in increasing the stability of the financial system of the Russian Federation is a stable budget system of the country and its territorial formations. The study showed that the ability of regional budgets to cover their expenditures largely depends on receipts from the federal budget. Such dependence reduces the stability of regional budgets and creates an additional burden on the federal budget. Using the correlation and regression analysis, according to the statistical data for 2021, the factors of economic development that have a positive impact on the revenue part of regional budgets and increase their sustainability were identified. In particular, in the course of the study it became clear that the cost of research and development, innovation, implementation and use of digital technology today affect the economic development of regions. Their statistically significant strong correlation with the revenues of regional budgets was revealed. The results of the study can be used in the design of strategic programs for regional development.Conclusions. There is a high dependence of regions on state support, which creates an additional burden on the federal budget, reducing its sustainability and financial sovereignty of the country. Subjects of the Russian Federation need to promote business development and stimulate its investment activity. The priority in the design of programs of strategic development of regions should be the introduction of digital technologies, increasing expenditure on research and development, innovation activities.","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78334082","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-18DOI: 10.35854/1998-1627-2023-7-859-866
M. I. Garaeva
Aim. To identify new trends in the development of the banking sector of Azerbaijan, one of the key links in the national economy of the country, based on the analysis of its condition in the last five years.Tasks. To analyse the mandate of the Central Bank of Azerbaijan (CBA), the structure of the country’s banking market, the level of banks’ capitalisation; to sum up the results of the analysis; to formulate proposals for improving the situation.Methods. The study relies on a systematic approach to solving the set tasks. The article presents different points of view of authors and analysts regarding reforms in the banking sector of Azerbaijan. The dialectical approach to the analysis of the main phenomena and regularities, as well as the systematic approach to the disclosure of the key factors of development of the national banking sector of the country served as the methodological basis of the study.Results. The main trends in the development of the banking sector of Azerbaijan were analysed, its current state was assessed, and the mandate of the CBA was determined. The research shows that the growth of the banking market, new trends in the expansion of banking services create significant qualitative changes in this market. During the year, the banking sector as a whole showed resistance to exogenous shocks.Conclusions. In the banking business of Azerbaijan, one of the special tendencies manifested in the activity of the banking services market is technological improvement and expansion of application of modern automatic systems. The analysis showed that in recent years, despite the growth of current expenses in the activity of banks, the most modern and productive communication technologies replacing labour-intensive processes are introduced. The mandate of the CBA was focused mainly on monetary policy, ensuring regulation and development of interbank centralised and other unlicensed payment systems. Monetary policy implemented by the CBA has been aimed at mitigating inflationary pressures. Although high global inflation remains risky in the context of uncertainty due to the global geopolitical and geo-economic situation, the accelerated recovery of economic growth, the country’s trade surplus and the increase in strategic foreign exchange reserves allow the macroeconomic environment of the financial system to remain stable.
{"title":"Trends of development of Azerbaijan’s banking sector","authors":"M. I. Garaeva","doi":"10.35854/1998-1627-2023-7-859-866","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-859-866","url":null,"abstract":"Aim. To identify new trends in the development of the banking sector of Azerbaijan, one of the key links in the national economy of the country, based on the analysis of its condition in the last five years.Tasks. To analyse the mandate of the Central Bank of Azerbaijan (CBA), the structure of the country’s banking market, the level of banks’ capitalisation; to sum up the results of the analysis; to formulate proposals for improving the situation.Methods. The study relies on a systematic approach to solving the set tasks. The article presents different points of view of authors and analysts regarding reforms in the banking sector of Azerbaijan. The dialectical approach to the analysis of the main phenomena and regularities, as well as the systematic approach to the disclosure of the key factors of development of the national banking sector of the country served as the methodological basis of the study.Results. The main trends in the development of the banking sector of Azerbaijan were analysed, its current state was assessed, and the mandate of the CBA was determined. The research shows that the growth of the banking market, new trends in the expansion of banking services create significant qualitative changes in this market. During the year, the banking sector as a whole showed resistance to exogenous shocks.Conclusions. In the banking business of Azerbaijan, one of the special tendencies manifested in the activity of the banking services market is technological improvement and expansion of application of modern automatic systems. The analysis showed that in recent years, despite the growth of current expenses in the activity of banks, the most modern and productive communication technologies replacing labour-intensive processes are introduced. The mandate of the CBA was focused mainly on monetary policy, ensuring regulation and development of interbank centralised and other unlicensed payment systems. Monetary policy implemented by the CBA has been aimed at mitigating inflationary pressures. Although high global inflation remains risky in the context of uncertainty due to the global geopolitical and geo-economic situation, the accelerated recovery of economic growth, the country’s trade surplus and the increase in strategic foreign exchange reserves allow the macroeconomic environment of the financial system to remain stable.","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"45 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91501139","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}