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The Future of the Eurozone: Towards a European Benchmark 欧元区的未来:迈向欧洲基准
Pub Date : 2022-01-21 DOI: 10.52459/jowett13140122
Sara Casagrande, B. Dallago
The European sovereign debt crisis has demonstrated the need for a rethinking of the European Integration Project. The strong variety between member countries prevented the Eurozone to become a fiscal and political union and the asymmetric architecture of the European Monetary Union (EMU) revealed different weaknesses. The outbreak of the Covid-19 emergency may represent a turning point for the EU and makes even more evident that the future of the Eurozone will depend also on the ability of member countries to make their institutional frameworks coexist. Helping member countries to achieve sustainable and stable outcomes, although in idiosyncratic ways, is the task of the European benchmark. It is a framework, inspired by European treaties, that aims to identify inefficiencies in terms of market, state and social failures and negative externalities inside economic, social, and political institutions. This benchmark represents a new tool for a correct evaluation of the economic, social, and political performance of the European member countries.
欧洲主权债务危机表明,有必要重新思考欧洲一体化项目(European Integration Project)。成员国之间的巨大差异阻碍了欧元区成为一个财政和政治联盟,而欧洲货币联盟(EMU)的不对称结构也暴露出了不同的弱点。Covid-19紧急情况的爆发可能是欧盟的一个转折点,并且更加明显地表明,欧元区的未来也将取决于成员国使其制度框架共存的能力。帮助成员国实现可持续和稳定的结果(尽管是以不同的方式),是欧洲基准的任务。这是一个受欧洲条约启发的框架,旨在从市场、国家和社会失灵以及经济、社会和政治机构内部的负面外部性等方面找出效率低下的地方。这一基准为正确评估欧洲成员国的经济、社会和政治表现提供了一种新工具。
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引用次数: 2
Structural Convergence between African Countries: Empirical Evidence 非洲国家结构趋同:经验证据
Pub Date : 2022-01-14 DOI: 10.52459/jowett13130122
Ali BAKO OUSMANE, M. Şi̇şman
This paper aims to investigate structural convergence in selected African countries over the period 1994-2019. Using panel data for 48 African countries and several estimation methods [Panel-Corrected Standard Errors (PCSE), Feasible Generalized Least Squares (FGLS), tobit model, instrumental variable, and Granger non-causality], the results show the existence of the phenomenon of sectoral structural convergence in Africa, i.e. a greater similarity in sectoral structures while income gaps are narrowing. The paper also highlights the service sector's low relative productivity level and industrial sector's low labor force attractiveness despite a significant shift in labor from the agricultural sector and a higher level of relative productivity respectively. To address this issue, the development and acquisition of human and physical capital would be necessary to develop the industrial sector and increase the service sector's productivity.
本文旨在调查1994-2019年期间选定的非洲国家的结构性收敛。利用48个非洲国家的面板数据和几种估计方法[面板校正标准误差(PCSE)、可行广义最小二乘(FGLS)、tobit模型、工具变量和格兰杰非因果关系],结果表明非洲存在部门结构趋同现象,即部门结构的相似性越来越大,而收入差距正在缩小。本文还强调了服务业相对生产率水平较低,工业部门劳动力吸引力较低,尽管劳动力从农业部门和较高的相对生产率水平转移。为了解决这个问题,必须发展和获得人力和物质资本,以发展工业部门和提高服务部门的生产力。
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引用次数: 0
Interdisciplinary Approach to the Study of State Socio-Economic Systems 国家社会经济系统研究的跨学科方法
Pub Date : 2022-01-07 DOI: 10.52459/jowett13120122
O. Pryiatelchuk
The success of implementing a state economic policy operating under the conditions of a particular economic model depends on the diversity of aspects. The social one is the most important among them. The social aspect of the economic system and politics is oriented first and foremost to human resources, which is the base of the social-economic system. In this article the interdisciplinary approach has been identified as a priority in the field of study of the essence and development of new types of socio-economic systems, considering the whole complex of factors of their environment of formation. The existence of a close interconnection of economic and social aspects has been determined: the influence of non-economic, including social, determinants on the development and functioning of innovative models of the state structure; ensuring social development through existing economic shifts. It's concluded that an interdisciplinary approach in analyzing the concept of sustainable development and finding ways of its implementation is a necessity.
在特定经济模式的条件下,国家经济政策的成功实施取决于各方面的多样性。其中社会因素是最重要的。经济制度和政治的社会方面首先是面向人力资源的,人力资源是社会经济制度的基础。在本文中,跨学科方法已被确定为研究新型社会经济系统的本质和发展领域的优先事项,考虑到其形成环境的整个复杂因素。经济和社会方面密切联系的存在已得到确定:非经济因素,包括社会因素,对国家结构创新模式的发展和运作的影响;(三)在经济转型中保障社会发展。本文认为,在分析可持续发展的概念和寻找可持续发展的实施途径时,必须采用跨学科的方法。
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引用次数: 0
Transforming Competitiveness by Introducing Digital Platforms 引入数字平台转变竞争力
Pub Date : 2021-12-31 DOI: 10.52459/jowett13111221
O. Nosova, V. Lypov
The purpose of the proposed paper is to study the specific factors shaping the benefits of information platforms as an innovative institutional form and model of doing business. Active dissemination of the business model of online platforms radically transforms the competitive landscape of the market environment. The task of determining the sources and mechanisms for studying the changes that are taking place is being updated. New areas of competition include competition between hierarchical and network structures, between global «structuring» platforms, competition in dominant platform ecosystems, the interaction between platforms operating in competitive markets, competition between organizers and users, and between platform users. The impact of platforming on cross-industry, regional and international competition is determined. The sources of competitive advantages of platforms are investigated. These include reliance on data as the main factor of production, changing the cost structure of entering the market; the possibility of building large-scale networks, niche specialization, combining the effects of increasing the scale of production and demand, multihoming, multi productivity, network effects.
本文的目的是研究信息平台作为一种创新的制度形式和商业模式所产生的效益的具体因素。网络平台商业模式的积极传播从根本上改变了市场环境的竞争格局。确定研究正在发生的变化的来源和机制的任务正在更新。新的竞争领域包括层次结构和网络结构之间的竞争,全球“结构化”平台之间的竞争,主导平台生态系统中的竞争,在竞争性市场中运营的平台之间的互动,组织者和用户之间的竞争,以及平台用户之间的竞争。确定了平台化对跨行业、区域和国际竞争的影响。研究了平台竞争优势的来源。这包括依赖数据作为主要生产要素,改变进入市场的成本结构;构建大规模网络的可能性,利基专业化,生产规模和需求增加相结合的效应,多归巢,多生产力,网络效应。
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引用次数: 2
Antecedents of Using Financial Software Applications on MSME Sustainability in Banyumas Regency during the Covid-19 Pandemic 2019冠状病毒病大流行期间Banyumas Regency使用金融软件应用程序对中小微企业可持续性的影响
Pub Date : 2021-12-23 DOI: 10.52459/jowett13101221
Dona Primasari, Eliada Herwiyanti, Rini Widianingsih, Puji Lestari
The Covid-19 pandemic has had an impact on various economic sectors in Indonesia, and consequently on Micro, Small, and Medium Enterprises (MSMEs) which have faced a decline in sales figures. The pandemic has forced MSME actors to reorganize their business strategies. Several MSMEs that could survive the impact of Covid-19 in Banyumas have implemented Technology-Based Financial Management which includes the use of software in managing their financial data so that MSME actors are able to calculate, manage, budget, predict expenses and profits to be achieved. The long-term goal of this research is to enrich the development of science, particularly, to examine bounded theory as the dominant factor influencing the intention of MSME actors in using financial software. Further, this research analyzes whether the financial software developed by the research team could help the process of MSME operational activities and has an impact on the sustainability of MSMEs during the Covid-19 Pandemic. Data collection for this study was carried out by distributing questionnaires through online media to MSME actors in the Banyumas Regency who were respondents and a direct approach to MSMEs concerning the use of financial software. The random sampling technique has been applied for this research, meanwhile, for data analysis the Statistical Product and Service Solution (SPSS), version 22.0, has been used. The expected results from this research may help to analyze and provide empirical evidence that bounded theory is the dominant factor influencing the intention of MSME actors in using financial software. The output of this paper can contribute to knowledge, especially regarding the implementation of financial software and theory development.
2019冠状病毒病大流行对印度尼西亚的各个经济部门产生了影响,从而对微型、小型和中型企业(MSMEs)产生了影响,这些企业的销售数据出现了下降。疫情迫使中小微企业行为体重新调整其业务战略。在Banyumas,几家能够经受住新冠疫情影响的中小微企业实施了基于技术的财务管理,其中包括使用软件管理其财务数据,以便中小微企业行为者能够计算、管理、预算、预测费用和实现利润。本研究的长期目标是丰富科学的发展,特别是检验有界理论作为影响中小微企业行为者使用财务软件意愿的主要因素。此外,本研究还分析了研究团队开发的财务软件是否能够帮助中小微企业开展业务活动,并对新冠疫情期间中小微企业的可持续性产生影响。本研究的数据收集是通过在线媒体向Banyumas Regency的中小微企业参与者分发问卷进行的,他们是受访者,并直接与中小微企业进行了有关金融软件使用的调查。本研究采用随机抽样方法,数据分析采用SPSS 22.0软件。本研究的预期结果有助于分析并提供实证证据,证明有界理论是影响中小微企业行为主体使用财务软件意愿的主导因素。本文的研究成果对财务软件的实施和理论的发展具有一定的借鉴意义。
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引用次数: 1
Interdependence of Influence between Risk Management Behavior, MSME Characteristics, and Overconfidence on Business Sustainability (A case study in Indonesia) 风险管理行为、中小微企业特征和过度自信对企业可持续性影响的相互依存关系(以印度尼西亚为例)
Pub Date : 2021-12-21 DOI: 10.52459/jowett1391221
Tyoso Jaluanto, S. Sukardi, E. Devita
More than 50% of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia run their business for reasons of livelihood, while 30% do this since MSMEs are profitable, and may support their living costs. This study aims to determine and analyze the influence of risk management behavior, characteristics of MSMEs through overconfidence on MSME business sustainability, and consequently MSMEs as a source of livelihood. The result of this study indicates that risk management behavior has a significant positive effect on overconfidence, while the characteristics of MSMEs have a significant negative effect on that. In turn, it’s shown that overconfidence had a positive and significant effect on the sustainability of MSMEs. However, the characteristics of MSMEs and risk management behavior had no significant positive effect on the sustainability of MSMEs. These results indicate also that MSME entrepreneurs’ overconfidence plays a major role in managing their business, which could be considered by the local government and/or the central government in determining MSME policies, such as placements to sell which are given and regulated by each local government considering the accessibility of sellers and buyers as well as their safety.
在印尼,超过50%的中小微企业(MSMEs)经营业务是为了生计,而30%的中小微企业这样做是因为中小微企业有利可图,可以支持他们的生活成本。本研究旨在确定和分析风险管理行为、中小微企业过度自信特征对中小微企业业务可持续性的影响,以及中小微企业作为生计来源的影响。本研究结果表明,风险管理行为对过度自信有显著的正向影响,而中小微企业的特征对过度自信有显著的负向影响。结果表明,过度自信对中小微企业的可持续性具有显著的正向影响。然而,中小微企业的特点和风险管理行为对中小微企业的可持续性没有显著的正向影响。这些结果还表明,中小微企业企业家的过度自信在企业管理中起着重要作用,地方政府和/或中央政府在确定中小微企业政策时可以考虑到这一点,例如由地方政府考虑卖家和买家的可及性以及他们的安全而给予和规范的出售配售权。
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引用次数: 0
Implementation of Financial Services Authority Regulation №35/POJK.05/2015 Article 35 by Indonesian Venture Capital Companies in 2015 实施金融服务管理局条例№35/POJK。2015年印尼风险投资公司第35条
Pub Date : 2021-11-26 DOI: 10.52459/jowett1281121
Eka Mulia AL AMIN, Iza Hanifuddin
POJK or the Financial Services Authority Regulation is one of the official documents of the Indonesian government related to the state finance sector. Venture capital itself is one of the contributors to the economy of Indonesia, especially in terms of financing or equity participation. Therefore, regulations are needed to control the operation of venture capital businesses to avoid damages caused by problems/disruptions. Generally, the economic sector in Indonesia is highly regulated, and venture capital is not an exception. However, this paper only focuses on the analysis of the actual implementation of one of the venture capital regulations in Indonesia, namely POJK No. 35/POJK.05/2015 concerning equity participation in Venture Capital Companies (VCC), particularly, Article 35 which states that VCC must have a ratio of Equity to Paid-in Capital not less than 30%. For this research, the method of qualitative normative approach has been applied based on the secondary data concerning Business Operations of Venture Capital Companies. The results of this research show fulfillment of these implemented regulations in practice by the existing VCC and its potential.
POJK或金融服务管理局条例是印度尼西亚政府与国家金融部门相关的官方文件之一。风险资本本身是印度尼西亚经济的贡献者之一,特别是在融资或股权参与方面。因此,需要制定法规来控制风险投资业务的运作,以避免问题/中断造成的损害。一般来说,印尼的经济部门受到严格监管,风险资本也不例外。然而,本文只着重分析印尼风险投资法规之一POJK No. 35/POJK的实际执行情况。关于风险投资公司(VCC)的股权参与,特别是第35条,其中规定VCC的股权与实收资本的比例必须不低于30%。本研究基于风险投资公司业务运营的二手数据,采用了定性规范方法。本研究的结果表明,现有的VCC在实践中履行了这些规定,并具有很大的潜力。
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引用次数: 0
World Trade Flows in XX Century 20世纪的世界贸易流动
Pub Date : 2021-11-10 DOI: 10.52459/jowett1271121
Agron Ibrahimi, M. Jankovic
International trade represents the exchange of goods and services across state borders. In most countries, it forms a significant part of Gross Domestic Products (GDP). Although international trade has been presented throughout history, its economic, social, and political importance has increased in recent centuries, mainly due to industrialization, transport development, globalization, and multinational corporations. The work is planned methodologically to be explored through the graphic method, the method of index numbers and the average annual rate of change, and the trend method. The analysis of work is divided over the period. The first period is considered from 1948-1999, the second period from 1980-1999. In the 20th century, there were significant changes in the structure of international trade. By the 1960s, dominant products in international trade were primary products (raw materials), while from that period the international trade was dominated by industrial products.
国际贸易代表着跨越国界的商品和服务交换。在大多数国家,它构成了国内生产总值(GDP)的重要组成部分。尽管国际贸易在历史上一直存在,但其经济、社会和政治重要性在最近几个世纪有所增加,这主要是由于工业化、运输发展、全球化和跨国公司。本文在方法上进行了规划,拟通过图解法、指数法和平均年变化率法以及趋势法进行探讨。对工作的分析按时期划分。第一个时期是1948-1999年,第二个时期是1980-1999年。20世纪,国际贸易结构发生了重大变化。到20世纪60年代,在国际贸易中占主导地位的产品是初级产品(原材料),而从那时起,国际贸易以工业产品为主。
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引用次数: 0
Should China’s Economic Policy Be Resisted? 应该抵制中国的经济政策吗?
Pub Date : 2021-11-03 DOI: 10.52459/jowett1261121
V. Pospelov, V. N. Mironova, Petr I. Chuvakhin
China's economic policies were transformed during the reform period that started in 1979, when the most populated country in the world adopted market-based reforms. Currently, China not only has grown to become the second largest and mid income economy in the world from one of the world's poorest countries, but also actively advances the free trade policy and fills the developing niches, although the latter has caused some concerns. The Chines active economic policy along with its economic and political strengthening in addition to the tensions with the United States rise the question whether the Chinese economic policy should be resisted? This paper analyses the different aspects of China’s economic policy and intents to answer the question based on the importance of the Chinese role in the world economy and development while the public opinion toward China’s economic strengthening has been considered as well.
中国的经济政策在1979年开始的改革期间发生了转变,当时这个世界上人口最多的国家采取了以市场为基础的改革。目前,中国不仅从世界上最贫穷的国家之一成长为世界第二大中等收入经济体,而且积极推进自由贸易政策,填补发展中利基,尽管后者引起了一些担忧。中国积极的经济政策伴随着其经济和政治的加强,加上与美国的紧张关系,中国的经济政策是否应该受到抵制?本文分析了中国经济政策的不同方面,并打算根据中国在世界经济和发展中的重要性来回答这个问题,同时也考虑了公众对中国经济加强的看法。
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引用次数: 0
Skilled Labor Force as a Cornerstone of Entrepreneurial Economic Development - International Experience for Georgia 熟练劳动力是企业经济发展的基石——格鲁吉亚的国际经验
Pub Date : 2021-10-26 DOI: 10.52459/jowett1251021
Davit Shatakishvili
Labor force is utterly significant factor through which a product or service is created in any country. Consequently, the quality of the labor force is directly proportional to the entrepreneurial economic development, service standards and steady, dynamic growth as a whole. Proficient workforce has an ability to solve problems and efficiently adapt to changes in an ever-evolving world. It contributes to the development of the country's domestic production, as well as plays an important role in attracting foreign direct investments. The following paper outlines the importance of a qualified and skilled labor force for entrepreneurial economic progress and analyzes its various aspects. Additionally, in this regard, the study delineates current challenges in Georgia and examines the best examples of international practice. Finally, based on multifactorial analysis, the paper presents solutions and recommendations to solve existing problems, for long-term stable economic betterment.
在任何国家,劳动力都是创造产品或服务的重要因素。因此,劳动力的素质直接关系到企业经济的发展、服务水平和整体的稳定、动态增长。熟练的员工有能力解决问题,并有效地适应不断变化的世界。它有助于该国国内生产的发展,并在吸引外国直接投资方面发挥重要作用。下面的文章概述了合格和熟练的劳动力对创业经济发展的重要性,并分析了其各个方面。此外,在这方面,研究报告描述了格鲁吉亚目前面临的挑战,并审查了国际惯例的最佳范例。最后,在多因素分析的基础上,提出了解决存在问题的对策和建议,以实现经济的长期稳定发展。
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引用次数: 0
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Journal of World Economy: Transformations & Transitions
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