Pub Date : 2021-11-01DOI: 10.1016/j.iree.2021.100226
B.I. Oyebode, N. Nicholls
University students are required to engage with new content and to be assessed at specific times of the day. Research has shown that circadian rhythms differ between individuals, with impacts on optimal functioning times. We investigate the extent to which deliberate, reflective thinking (critical for university level tasks) is impacted by the timing of tasks and the interaction of task timing with circadian rhythms. We use Cognitive Reflection Test (CRT) questions to assess students’ ability to use reflective thinking. By grouping students according to their diurnal preference (morning types or evening types), we either match or mismatch the timing of the CRT assessment with diurnal preference. We find that students experiencing circadian mismatch (morning types being assessed in the evening, or evening types being assessed in the morning) perform significantly worse on the CRT, suggesting less ability to invoke reflective thinking at times of circadian mismatch. This finding suggests that timing important assessments during the day, rather than in the early morning or evening, might improve performance of mismatched students.
{"title":"Does the timing of assessment matter? Circadian mismatch and reflective processing in university students","authors":"B.I. Oyebode, N. Nicholls","doi":"10.1016/j.iree.2021.100226","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100226","url":null,"abstract":"<div><p>University students are required to engage with new content and to be assessed at specific times of the day. Research has shown that circadian rhythms differ between individuals, with impacts on optimal functioning times. We investigate the extent to which deliberate, reflective thinking (critical for university level tasks) is impacted by the timing of tasks and the interaction of task timing with circadian rhythms. We use Cognitive Reflection Test (CRT) questions to assess students’ ability to use reflective thinking. By grouping students according to their diurnal preference (morning types or evening types), we either match or mismatch the timing of the CRT assessment with diurnal preference. We find that students experiencing circadian mismatch (morning types being assessed in the evening, or evening types being assessed in the morning) perform significantly worse on the CRT, suggesting less ability to invoke reflective thinking at times of circadian mismatch. This finding suggests that timing important assessments during the day, rather than in the early morning or evening, might improve performance of mismatched students.</p></div>","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"38 ","pages":"Article 100226"},"PeriodicalIF":2.1,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71854695","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study revisits the “nature-nurture” debate in the context of attitudes towards allocation mechanisms based on query-revealed preferences. It takes into account the educative socialization during childhood. As database serves a survey among students of a medium-sized multidisciplinary university in East Germany. It is rich in variation to parallelly draw inference from field of study, gender, and collectivist, i.e. East German, socialization background. We find that allocation preferences are both a matter of economics education at the tertiary level and educative socialization during childhood.
{"title":"Economics education, childhood socialization, and the transmission of allocation preferences","authors":"Bernd Süssmuth , Bastian Gawellek , Fabian Koenings","doi":"10.1016/j.iree.2021.100224","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100224","url":null,"abstract":"<div><p>This study revisits the “nature-nurture” debate in the context of attitudes towards allocation mechanisms based on query-revealed preferences. It takes into account the educative socialization during childhood. As database serves a survey among students of a medium-sized multidisciplinary university in East Germany. It is rich in variation to parallelly draw inference from field of study, gender, and collectivist<span>, i.e. East German, socialization background. We find that allocation preferences are both a matter of economics education at the tertiary level and educative socialization during childhood.</span></p></div>","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"38 ","pages":"Article 100224"},"PeriodicalIF":2.1,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.iree.2021.100224","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71854696","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-01DOI: 10.1016/j.iree.2021.100225
Masanori Kuroki
{"title":"Using Python and Google Colab to teach undergraduate microeconomic theory","authors":"Masanori Kuroki","doi":"10.1016/j.iree.2021.100225","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100225","url":null,"abstract":"","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"158 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73475276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-01DOI: 10.1016/j.iree.2021.100220
Jadrian J. Wooten , Wayne Geerling , Angelito Calma
Economic educators have been teaching with pop culture for decades, but no primary work has identified media from foreign-language sources. We provide three teaching guides that capitalize on the growth of Korean popular music and can be integrated into the principles curriculum. The three artists chosen – BTS, BLACKPINK and EXO-CBX – have huge global followings. Each online music video provides English subtitles and economic content. We provide summaries and discussion questions for educators wishing to use the music videos in their classroom.
{"title":"Diversifying the use of pop culture in the classroom: Using K-pop to teach principles of economics","authors":"Jadrian J. Wooten , Wayne Geerling , Angelito Calma","doi":"10.1016/j.iree.2021.100220","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100220","url":null,"abstract":"<div><p>Economic educators have been teaching with pop culture for decades, but no primary work has identified media from foreign-language sources. We provide three teaching guides that capitalize on the growth of Korean popular music and can be integrated into the principles curriculum. The three artists chosen – BTS, BLACKPINK and EXO-CBX – have huge global followings. Each online music video provides English subtitles and economic content. We provide summaries and discussion questions for educators wishing to use the music videos in their classroom.</p></div>","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"38 ","pages":"Article 100220"},"PeriodicalIF":2.1,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.iree.2021.100220","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71854699","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-01DOI: 10.1016/j.iree.2021.100225
Masanori Kuroki
The author describes how to use the Python programming language to teach topics in a microeconomic theory course at the undergraduate level. Specifically, the author describes how to use Python to solve optimization problems, such as utility maximization and profit maximization. Python is free and open-source and becoming increasingly popular both in economics and in business. To focus on solving optimization problems and to avoid installation issues, the author utilizes Google Colab, which allows users to type Python code on a web browser. Program code is provided for every example to encourage replication and experimentation. The author aims to (1) provide an option to instructors who are interested in supplementing the traditional pencil-and-paper approach with technology at no cost, and (2) help students become comfortable with a programming language that is widely used in tech companies and data analysis.
{"title":"Using Python and Google Colab to teach undergraduate microeconomic theory","authors":"Masanori Kuroki","doi":"10.1016/j.iree.2021.100225","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100225","url":null,"abstract":"<div><p>The author describes how to use the Python programming language to teach topics in a microeconomic theory course at the undergraduate level. Specifically, the author describes how to use Python to solve optimization problems, such as utility maximization and profit maximization. Python is free and open-source and becoming increasingly popular both in economics and in business. To focus on solving optimization problems and to avoid installation issues, the author utilizes Google Colab, which allows users to type Python code on a web browser. Program code is provided for every example to encourage replication and experimentation. The author aims to (1) provide an option to instructors who are interested in supplementing the traditional pencil-and-paper approach with technology at no cost, and (2) help students become comfortable with a programming language that is widely used in tech companies and data analysis.</p></div>","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"38 ","pages":"Article 100225"},"PeriodicalIF":2.1,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.iree.2021.100225","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71854694","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-20DOI: 10.1016/j.iree.2021.100226
B. Oyebode, N. Nicholls
{"title":"Does the timing of assessment matter? Circadian mismatch and reflective processing in university students","authors":"B. Oyebode, N. Nicholls","doi":"10.1016/j.iree.2021.100226","DOIUrl":"https://doi.org/10.1016/j.iree.2021.100226","url":null,"abstract":"","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"46 4 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73135010","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-27DOI: 10.30525/2500-946x/2021-2-11
Yuliia Shapoval
The object of the article is central bank communication design (particularly target audience, channels and instruments) and central banks’ transparency measurement. The purpose is to summarise the central bank communication policy's conceptual basics and clarify how transparent the NBU’s monetary policy is. Methodology. The paper applies the Dincer and Eichengreen (2014) and Al-Mashat et al. (2018) methods of transparency measurement, using the NBU’s published documents and website data as of 2021. Results. It has been emphasized that communication design should be based on central bank’s communication objectives, information demand from defined stakeholders and target groups, capabilities of application of channels and instruments. Ensuring confidence in monetary policy calls for simplified language and format that reflects the general public's interest. The shift to the growing role of the type of communication channel and interaction of central bank with the general public are marked out. The meaning of transparency, criteria, and indices (Eijffinger-Geraats, Dincer-Eichengreen, Crowe-Meade, Cournede-Minegishi, CBT-IT index) are under consideration. According to Dincer and Eichengreen, the NBU’s transparency index reaches almost a perfect score of 12 (out of 15), affirming NBU’s political and policy transparency improvements. The NBU’s CBT-IT transparency index scores 11.45 (out of 20), which points to the need to eliminate gaps of the FPAS designed to support full-fledged inflation- forecast-targeting (3.2 out of 9) in the light of improvements in the monetary policymaking process (5.75 out of 7) and transparency about monetary policy objectives (2.5 out of 3). Practical implications. The enhancement of the NBU’s transparency level reflects the development of its communication policy as transparency of monetary policy requires constant and coherent messages via diversified channels and instruments for a defined target audience, following a clear purpose of strategic communication. Value/originality. It has been highlighted that central bank communication design is the basis for financial market participants' trust, favouring monetary policy transparency.
{"title":"CENTRAL BANK COMMUNICATION DESIGN: TOWARDS TRANSPARENCY OF MONETARY POLICY","authors":"Yuliia Shapoval","doi":"10.30525/2500-946x/2021-2-11","DOIUrl":"https://doi.org/10.30525/2500-946x/2021-2-11","url":null,"abstract":"The object of the article is central bank communication design (particularly target audience, channels and instruments) and central banks’ transparency measurement. The purpose is to summarise the central bank communication policy's conceptual basics and clarify how transparent the NBU’s monetary policy is. Methodology. The paper applies the Dincer and Eichengreen (2014) and Al-Mashat et al. (2018) methods of transparency measurement, using the NBU’s published documents and website data as of 2021. Results. It has been emphasized that communication design should be based on central bank’s communication objectives, information demand from defined stakeholders and target groups, capabilities of application of channels and instruments. Ensuring confidence in monetary policy calls for simplified language and format that reflects the general public's interest. The shift to the growing role of the type of communication channel and interaction of central bank with the general public are marked out. The meaning of transparency, criteria, and indices (Eijffinger-Geraats, Dincer-Eichengreen, Crowe-Meade, Cournede-Minegishi, CBT-IT index) are under consideration. According to Dincer and Eichengreen, the NBU’s transparency index reaches almost a perfect score of 12 (out of 15), affirming NBU’s political and policy transparency improvements. The NBU’s CBT-IT transparency index scores 11.45 (out of 20), which points to the need to eliminate gaps of the FPAS designed to support full-fledged inflation- forecast-targeting (3.2 out of 9) in the light of improvements in the monetary policymaking process (5.75 out of 7) and transparency about monetary policy objectives (2.5 out of 3). Practical implications. The enhancement of the NBU’s transparency level reflects the development of its communication policy as transparency of monetary policy requires constant and coherent messages via diversified channels and instruments for a defined target audience, following a clear purpose of strategic communication. Value/originality. It has been highlighted that central bank communication design is the basis for financial market participants' trust, favouring monetary policy transparency.","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"10 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77773431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-27DOI: 10.30525/2500-946x/2021-2-10
Y. Bublyk
The article attempts to identify new trends in approaches to assessing the impact of uncontrolled international capital flows on the development of the national economy and the corresponding changes in regulatory policies. It is pointed out that uncontrolled capital flows pose a special threat to small open economies due to insufficient development of the institutional environment and low depth of financial markets. There has been constructed circle of typical for small open economies risks, conducted with uncontrolled capital flows movement, such as deepening structural imbalances in financial asset markets, undesirable excessive fluctuations in the national currency rate, the flight of national capital and the erosion of the tax base. Based on the analysis of recent research, international regulatory initiatives of EU countries, recommendations of international development institutions and IMF’s Integrated Policy Framework, have been identified such trends as strengthening control over illegal capital flows, limiting of the negative speculative influence, panic and herd behaviour on exchange rate stability. Argued for a very important role which plays an uncontrolled dynamics of national currency rate on the transmission of global shocks to national economies. This necessitates a serious overhaul of exchange rate policy approaches. Central banks of small open economies should consider exchange rate stability as one of their goals. This does not mean inflation targeting abandon. The use of the instrument of currency interventions helps to influence the achievement of external targets, increasing the ability of interest rate policy instruments to achieve inflation targeting in the domestic market as well. As a conclusion and proposals for further development of policies in the financial sector to ensure the sustainable development of small open economies is systematized a list of possible regulatory measures. It is emphasized that the development of regulatory policies in the monetary and financial spheres in small open economies, which includes Ukraine, should be implemented comprehensively and include the development of macroprudential tools to limit systemic risk factors, suppress illicit capital flows and reduce the role of psychological factors of pro-cyclical behavior. The implementation of regulatory measures on transparent terms in such spheres will not make free-market self-regulatory mechanisms weaken, but rather helps to release them.
{"title":"MEASURES OF FINANCIAL REGULATORS IN THE FIELD OF INTERNATIONAL CAPITAL FLOWS CONTROL","authors":"Y. Bublyk","doi":"10.30525/2500-946x/2021-2-10","DOIUrl":"https://doi.org/10.30525/2500-946x/2021-2-10","url":null,"abstract":"The article attempts to identify new trends in approaches to assessing the impact of uncontrolled international capital flows on the development of the national economy and the corresponding changes in regulatory policies. It is pointed out that uncontrolled capital flows pose a special threat to small open economies due to insufficient development of the institutional environment and low depth of financial markets. There has been constructed circle of typical for small open economies risks, conducted with uncontrolled capital flows movement, such as deepening structural imbalances in financial asset markets, undesirable excessive fluctuations in the national currency rate, the flight of national capital and the erosion of the tax base. Based on the analysis of recent research, international regulatory initiatives of EU countries, recommendations of international development institutions and IMF’s Integrated Policy Framework, have been identified such trends as strengthening control over illegal capital flows, limiting of the negative speculative influence, panic and herd behaviour on exchange rate stability. Argued for a very important role which plays an uncontrolled dynamics of national currency rate on the transmission of global shocks to national economies. This necessitates a serious overhaul of exchange rate policy approaches. Central banks of small open economies should consider exchange rate stability as one of their goals. This does not mean inflation targeting abandon. The use of the instrument of currency interventions helps to influence the achievement of external targets, increasing the ability of interest rate policy instruments to achieve inflation targeting in the domestic market as well. As a conclusion and proposals for further development of policies in the financial sector to ensure the sustainable development of small open economies is systematized a list of possible regulatory measures. It is emphasized that the development of regulatory policies in the monetary and financial spheres in small open economies, which includes Ukraine, should be implemented comprehensively and include the development of macroprudential tools to limit systemic risk factors, suppress illicit capital flows and reduce the role of psychological factors of pro-cyclical behavior. The implementation of regulatory measures on transparent terms in such spheres will not make free-market self-regulatory mechanisms weaken, but rather helps to release them.","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"4 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81662677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-27DOI: 10.30525/2500-946x/2021-2-15
O. Melnichuk
The subject of the study is a set of basic theoretical, scientific and methodological provisions and practical recommendations for analyzing trends in the system of international business and increase the effectiveness of institutional support for enterprises participating in international business. In the course of the research such concepts as "foreign economic activity", "international entrepreneurship", "international business" are considered. The latter is proposed to be considered as a system of business processes implemented by business entities outside of their own country and aimed at achieving strategic goals. Research methods. General scientific and special methods are used in the work, which allow to systematically solve problem tasks in the chosen direction of the research. In the course of the research such methods are used as: method of theoretical generalization; system analysis; graphic and analytical methods. Results. An analysis of the impact of the coronavirus pandemic on the activities of international market players has been made. A comprehensive analysis of the volume, commodity, geographical structure of exports and imports of goods in Ukraine in 2018-2020. It is determined that Ukraine overwhelmingly exports raw materials and imports high-tech goods. Despite the decline in foreign trade, the general trend indicates that exports and imports will grow in the long run. An objective analysis of the functioning of the Ukrainian business system with the help of many world ratings, which allow us to assess the place of Ukraine in the global conditions of development, in comparison with the economies of other countries. As a result of the study, it was determined that Ukraine is inferior to other countries in the world in trade, regulatory policy, national branding, etc., and has the best position in the field of budget transparency. The results of the analysis indicate the need to implement effective organizational and economic principles aimed at improving the quality of Ukraine's business system. The analysis and construction of the profile of the national business system allowed to identify the main problems in the system of international business and begin to form measures to address them. The practical significance of the obtained results is that the theoretical provisions and practical recommendations obtained by the author as a result of the study can be used in developing directions for the transformation of national international business in a crisis.
{"title":"THE STATE OF DEVELOPMENT OF INTERNATIONAL BUSINESS IN CRISIS CONDITIONS IN UKRAINE","authors":"O. Melnichuk","doi":"10.30525/2500-946x/2021-2-15","DOIUrl":"https://doi.org/10.30525/2500-946x/2021-2-15","url":null,"abstract":"The subject of the study is a set of basic theoretical, scientific and methodological provisions and practical recommendations for analyzing trends in the system of international business and increase the effectiveness of institutional support for enterprises participating in international business. In the course of the research such concepts as \"foreign economic activity\", \"international entrepreneurship\", \"international business\" are considered. The latter is proposed to be considered as a system of business processes implemented by business entities outside of their own country and aimed at achieving strategic goals. Research methods. General scientific and special methods are used in the work, which allow to systematically solve problem tasks in the chosen direction of the research. In the course of the research such methods are used as: method of theoretical generalization; system analysis; graphic and analytical methods. Results. An analysis of the impact of the coronavirus pandemic on the activities of international market players has been made. A comprehensive analysis of the volume, commodity, geographical structure of exports and imports of goods in Ukraine in 2018-2020. It is determined that Ukraine overwhelmingly exports raw materials and imports high-tech goods. Despite the decline in foreign trade, the general trend indicates that exports and imports will grow in the long run. An objective analysis of the functioning of the Ukrainian business system with the help of many world ratings, which allow us to assess the place of Ukraine in the global conditions of development, in comparison with the economies of other countries. As a result of the study, it was determined that Ukraine is inferior to other countries in the world in trade, regulatory policy, national branding, etc., and has the best position in the field of budget transparency. The results of the analysis indicate the need to implement effective organizational and economic principles aimed at improving the quality of Ukraine's business system. The analysis and construction of the profile of the national business system allowed to identify the main problems in the system of international business and begin to form measures to address them. The practical significance of the obtained results is that the theoretical provisions and practical recommendations obtained by the author as a result of the study can be used in developing directions for the transformation of national international business in a crisis.","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"91 1 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86467323","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-27DOI: 10.30525/2500-946x/2021-2-4
D. Shyian, Nataliia Ulianchenko, K. Honcharova
The introductory part emphasizes that since 2004, Ukrainian agriculture has gradually begun to crank up production. This is largely associated with the growth of crop production, including sunflower. During 2004–2020, gross sunflower yield increased by 3.1 times, and yield capacity – more than double. Research methods involve grouping a complex of agricultural enterprises following the cost value per 1 ha of the sown area and sunflower yield. To classify the enterprises according to the level of innovative production, the authors have put forward a method for determining the coefficient of innovation. The object of the study comprises the agricultural enterprises of Kharkiv region. The results of grouping following yield rate have made it possible to establish a direct dependence between the cost value and sunflower yield. In a group of enterprises with an average yield of up to 15 centners/ha, costs amounted to 9653 UAH / ha; in a group with a yield of 25.1–30 centners/ha – 14860 UAH/ha; with a yield of more than 45 centners/ha – 27518 UAH/ha. It has also been found that an increase in the rate of sunflower yield by 1 centner leads to an average profit increase of 307.9 UAH/ha. The grouping of enterprises by the level of costs per 1 sown area of sunflower has made it possible to assume that the nature of the relationship of a grouping indicator with profit margin is characterized by a nonlinear function. It has been determined that this function has a maximum when the cost increases by 16960 UAH/ha and the amount of profit – by 6199 UAH/ha. The paper has also marked that under such cost value, the value of sunflower yield should be equal to 29.8 centners/ha. The practical approval of the methodological approach to determining the coefficient of innovative development of sunflower production has shown that this indicator objectively conveys the rate of use of innovations in the manufacturing process. Enterprises that had a coefficient of innovative development above 1 were characterized by a much higher level of yield, profitability, and production intensity.
{"title":"AN INNOVATIVE COMPONENT IN GENERATING EFFICIENCY OF SUNFLOWER PRODUCTION","authors":"D. Shyian, Nataliia Ulianchenko, K. Honcharova","doi":"10.30525/2500-946x/2021-2-4","DOIUrl":"https://doi.org/10.30525/2500-946x/2021-2-4","url":null,"abstract":"The introductory part emphasizes that since 2004, Ukrainian agriculture has gradually begun to crank up production. This is largely associated with the growth of crop production, including sunflower. During 2004–2020, gross sunflower yield increased by 3.1 times, and yield capacity – more than double. Research methods involve grouping a complex of agricultural enterprises following the cost value per 1 ha of the sown area and sunflower yield. To classify the enterprises according to the level of innovative production, the authors have put forward a method for determining the coefficient of innovation. The object of the study comprises the agricultural enterprises of Kharkiv region. The results of grouping following yield rate have made it possible to establish a direct dependence between the cost value and sunflower yield. In a group of enterprises with an average yield of up to 15 centners/ha, costs amounted to 9653 UAH / ha; in a group with a yield of 25.1–30 centners/ha – 14860 UAH/ha; with a yield of more than 45 centners/ha – 27518 UAH/ha. It has also been found that an increase in the rate of sunflower yield by 1 centner leads to an average profit increase of 307.9 UAH/ha. The grouping of enterprises by the level of costs per 1 sown area of sunflower has made it possible to assume that the nature of the relationship of a grouping indicator with profit margin is characterized by a nonlinear function. It has been determined that this function has a maximum when the cost increases by 16960 UAH/ha and the amount of profit – by 6199 UAH/ha. The paper has also marked that under such cost value, the value of sunflower yield should be equal to 29.8 centners/ha. The practical approval of the methodological approach to determining the coefficient of innovative development of sunflower production has shown that this indicator objectively conveys the rate of use of innovations in the manufacturing process. Enterprises that had a coefficient of innovative development above 1 were characterized by a much higher level of yield, profitability, and production intensity.","PeriodicalId":45496,"journal":{"name":"International Review of Economics Education","volume":"48 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2021-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75642192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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