{"title":"The Identification of the Main Factors of the Development of Rural Tourism on Stara Planina Mountain","authors":"S. Novaković, G. Perić","doi":"10.31410/tmt.2018.775","DOIUrl":"https://doi.org/10.31410/tmt.2018.775","url":null,"abstract":"Stara Planina (Old Mountain) has excellent predispositions to the development of rural tourism, which are satisfied by but few mountains in our country. Its biological, geological and cultural heritages are very rich. However, this area was not an attractive tourist destination due to a large migration of the local population. The natural beauties of Stara Planina, in combination with the culture, tradition, gastronomic specialties and music of Eastern Serbia, can become a recognizable tourist brand that will improve the image of the region and the state itself, because of which Stara Planina strong potential for rural tourism development is being discovered. This paper is aimed at identifying the main factors influencing changes in tourism development and the selection of appropriate strategies , which in turn will influence identification and assessment during the planning of the strategic directions of rural tourism development. The factor analysis is the method that allows the identification of the main factors affecting changes in tourism development and one of the most popular multivariate techniques aimed at identifying and understanding the basic idea, i.e. the common characteristics of several variables and a reduction in the number of variables in the analysis.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121880139","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}
{"title":"Model of Intensive Innovative Development: World Experience of Implementation and Trends of Formation in Ukraine","authors":"Zvieriakov Mykhailo, D. Zavadska","doi":"10.29202/NVNGU/2018-5/19","DOIUrl":"https://doi.org/10.29202/NVNGU/2018-5/19","url":null,"abstract":"Purpose. To develop recommendations for implementing innovative models of intensive development in Ukraine.<br><br>Methodology. The information base of the research is data reviews with the innovative development of scientific achievements and results of Ukrainian and foreign scientists, published in monographs and publications in periodicals. The official statistical base is the data of international organizations and leading scientific institutions of Ukraine. During the research, methods of tabular and graphical representation of the research results, logical generalization, comparative analysis and system approach, taking into account the dynamic functional dependence between the state of the whole, development and the balance of its constituent elements, were used.<br><br>Findings. The work emphasizes that the problem of economic growth and innovation development has become especially significant. It has been proved that the model of intensive innovative development is intended to provide structural changes in the economic state of the country and improve its technological level. The critical analysis of the scientific achievements of leading scientists and the assessment of the current state of the national innovation system of Ukraine allowed us to reach a conclusion on the lack of mechanisms for “launching” an innovation model which is adequate to the current state of the economy and global challenges of the world. In order to achieve a synergistic effect and sustainable growth of the national economy of Ukraine, practical measures have been proposed to influence the state regulation of innovation activity.<br><br>Originality. The work shows the special role of the National Council of Science and Technology as the integrator, designed for implementing specific management functions aimed at improving coordination of innovation policy of Ukraine.<br><br>Practical value. The scientific research clearly and consistently proves the urgent need for transition and implementation of the model of the fourth spiral of innovative development of the Ukrainian economy. The results will continue to be used to develop recommendations to identify areas of financial security in order to enhance the country’s innovation processes.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"256 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122654151","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}
{"title":"The Shale Revolution, Geopolitical Risk, and Oil Price Volatility","authors":"Wenxue Wang, Fuyu Yang","doi":"10.2139/ssrn.3241692","DOIUrl":"https://doi.org/10.2139/ssrn.3241692","url":null,"abstract":"The U.S. shale revolution, using new technologies to extract crude oil, has led to new dynamics in the supply side of the global oil market. We ask whether the shale revolution has dampened the role of geopolitical risk in oil price volatility. We extend a reduced form Structural Break Threshold Vector Autoregressive (SBT-VAR) model to a structural SBT-VAR model and identify the structural innovations by allowing for conditional heteroskedasticity. Compared with the conventional reduced form VAR and TVAR models, a SBT-VAR with a constant threshold and a break in April 2014 are supported by the data. We then analyse the conditional (co)variance impulse response with respect to two distinct shock scenarios, one with only a geopolitical risk shock, the other with a simultaneous shale production shock and a geopolitical risk shock. The volatility responses are due to the identified contemporaneous relationships amongst geopolitical risk, shale production and oil prices, and are conditional on volatilities at the points in time. With the extra unit shale production shock, we find that the volatility response of oil prices to a geopolitical risk shock is higher, but the response is less correlated with the geopolitical risk factor.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125204669","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}
{"title":"Legal Education: A New Growth Vision Part I—The Issue: Sustainable Growth or Dead Cat Bounce? A Strategic Inflection Point Analysis","authors":"Hilary G. Escajeda","doi":"10.2139/SSRN.3170644","DOIUrl":"https://doi.org/10.2139/SSRN.3170644","url":null,"abstract":"Legal education programs now face strategic inflection points. To survive and thrive long-term, education programs must embrace entrepreneurship, technology, innovation, platforms, and customer service as the means by which to navigate through strategic inflection points. Imagination, adaptability, agility, determination, and speed will separate market leaders from laggards. Scrappy, entrepreneurial, and action-oriented programs that deliver omni-channel, lifelong knowledge and skills development solutions are the movers that will radically redefine and likely dominate the legal education industry. Slow, tradition-bound programs resistant to change are non-movers that face extinction. \u0000 \u0000Entrepreneurial education leaders committed to program growth know that since competitive advantages are transitory, they must create and nurture opportunities for continuous innovation. They also recognize the nexuses between customer satisfaction, institutional relevance, program solvency, and employee job security. These mindset shifts, coupled with a bias for action and modernization, will provide fruitful paths for new doctrinal and skill transfer services by legal education programs. \u0000 \u0000While tinkers to student admissions and traditional business models may temporarily buffer the forces of creative destruction, the market will ultimately sort winners and losers. Because technology does not respect reputations or legacies, incumbent institutions face significant risks from flexible, adaptive and shape-shifting competitors that exploit emerging technologies. These shape-shifters rapidly respond to market changes by re-engineering and reinventing their business models, platforms, systems, and processes to capitalize on emerging trends—with an end goal of human-AI integration. \u0000 \u0000Bottom line: innovation represents the only firewall to obsolescence.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132714384","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}
{"title":"Avoiding Pitfalls in China's Transition of its Growth Model","authors":"Pingfan Hong, Hung-Yi Li","doi":"10.2139/ssrn.2935322","DOIUrl":"https://doi.org/10.2139/ssrn.2935322","url":null,"abstract":"The pace of GDP growth in China has shifted from an average of 10 per cent between 1980 and 2010 to below 7 per cent recently. This change is to some extent desirable, if the moderated growth reflects a successful transition towards a more efficient, inclusive and sustainable economy. However, certain ideas about China’s transition are problematic. This article rebuts a particular notion that China needs to replace its investment-driven growth by consumption-driven growth. This notion is erroneous both theoretically and empirically. Should China follow this path, its growth in the future would decelerate more precipitously than intended, falling into the middle-income trap.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116646202","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}
{"title":"The Development of Economy and Society Without Crises: Reality or Utopia?","authors":"I. Nusratullin","doi":"10.2139/ssrn.2749635","DOIUrl":"https://doi.org/10.2139/ssrn.2749635","url":null,"abstract":"In 1803, Jean-Baptiste Say published \"A Treatise of Political Economy\", which outlined the hypothesis that an overproduction of goods and economic crises are not possible. In fact, the economy proved to be more difficult, since in reality there are conditions that violate the macroeconomic equilibrium and \"Say's Law\". In our research we examined the causes of failure \"Say's Law\" in terms of \"non-equilibrium economic theory\".Nonequilibrium analysis showed in some areas is not performed \"Say's Law\". Firstly, it is a normal profit that goes to the credit sphere and then into savings. Secondly, it is the differential rent, which is also almost entirely goes to the \"savers\" under payment for the provision factors of production. Third, it is wages, which is received representatives of the \"savers\". These articles are a hole in the economy, where it goes irrevocably part of the revenue of producers, thereby disrupting the balance between production and consumption, between supply and demand. Global consequence of this process is the division of society into polar pole of the income gap. This results in the scale of individual countries and the global community to the conflicts between different groups of people in society: migration problems, hunger, poverty, terrorism and war.In the course of our research, we have developed state regulation measures that will help to solve the problems of economic and financial crises.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114256345","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}
{"title":"Institutional Constraints Ensure Sustainable Economic Growth of Region","authors":"M. Natali","doi":"10.2139/ssrn.2548405","DOIUrl":"https://doi.org/10.2139/ssrn.2548405","url":null,"abstract":"The article discusses the role of institutions in economic development, analyzed the current limitations of economic growth of the Russian regions.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122806341","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}
{"title":"Costa Rica’s Anti-Corruption Trajectory: Strengths and Limitations","authors":"Bruce M. Wilson","doi":"10.2139/SSRN.2479419","DOIUrl":"https://doi.org/10.2139/SSRN.2479419","url":null,"abstract":"In spite of the economic and social policy successes of Latin America’s longest surviving democracy, corruption has become a major problem shaking Costa Ricans’ confidence in appointed and elected public officials. In response to the apparent rise in corruption since the start of the new millennium, governments have introduced new laws and created new agencies to combat corruption at all levels of society, with an emphasis on combating particularism by elected and appointed public officials. This report evaluates the apparent increase in corruption, the efforts to limit, expose, and prosecute corrupt acts, and the factors that have facilitated the rise in corrupt actions on the part of state officials and private citizens. In short, acts of corruption that may have previously gone unnoticed (at least unproven) are now exposed by a more aggressive media and prosecuted by new and/or stronger state anti-corruption agencies and laws in response to multiple major political corruption scandals of the early 2000s. State prosecutors show no deference in their investigations of corruption and/or illicit enrichment by public officials and private figures, no matter how powerful. The only limitation is the level of resources available to these agencies. The contemporary increase in the scope of corruption is not in the quotidian actions of low-level officials directly affecting the lives of ordinary citizens, but in influence trading and manipulation of formal processes. A separate, more recent and growing corruption problem comes from international drug cartels that have amplified their activities and money laundering in Costa Rica that some fear might outstrip the state’s capacity to keep corruption under control.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129346685","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}
{"title":"Do Supply Restrictions Raise the Value of Urban Land? The (Neglected) Role of Production Externalities","authors":"Satyajit Chatterjee, Burcu Eyigungor","doi":"10.2139/ssrn.2330447","DOIUrl":"https://doi.org/10.2139/ssrn.2330447","url":null,"abstract":"Restriction on the supply of new urban land is commonly thought to raise the value of existing urban land. Our paper questions this view. We develop a tractable production-externality-based circular city model in which firms and workers choose locations and intensity of land use. Consistent with evidence, the model implies exponentially decaying density and price gradients. For plausible parameter values, an increase in the demand for urban land can lead to a smaller increase in urban rents in cities that cannot expand physically because they are less able to exploit the positive external effect of greater employment density. ; Supersedes Working Paper 12-25.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131257504","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}
{"title":"The Role of R&D with a Continuum of Technologies and Environmental Degradation: An Optimal Control Approach","authors":"A. Bondarev, Alfred Greiner","doi":"10.2139/ssrn.2331865","DOIUrl":"https://doi.org/10.2139/ssrn.2331865","url":null,"abstract":"In this paper we develop an economic growth model that includes anthropogenic climate change. We explicitly include a research sector that creates new technologies and simultaneously expands productivities of existing technologies. The environment is affected by R&D activities both negatively, through increase of output from productivity growth, as well as positively, as new technologies are less harmful for the environment. We consider three different versions of the model. In the first version, there are no constraints with respect to research spending, while the R&D sector affects the rest of the economy. In this version, the environmental damages are lower than in the model with simple exogenous technical change. Next, we consider the research dynamics with a constant R&D budget set by the agent. We find that there exist two different steady states of this economy, one with higher productivities and less new technologies being developed, and the other with more technologies being created. In the last version, finally, we allow for dynamic R&D spending. For this version, it is demonstrated that sustained economic growth with preservation of the environment is possible given certain conditions as regards the technology and R&D spending.","PeriodicalId":254923,"journal":{"name":"SRPN: Sustainable Growth (Topic)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122498113","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}