Economics Pub Date : 2024-07-03 DOI: 10.2478/eoik-2024-0028

Argjira Bilalli, Murat Sadiku, L. Sadiku

{"title":"The Impact of Inflation on Financial Sector Performance: Evidence from OECD Countries","authors":"Argjira Bilalli, Murat Sadiku, L. Sadiku","doi":"10.2478/eoik-2024-0028","DOIUrl":"https://doi.org/10.2478/eoik-2024-0028","url":null,"abstract":"Abstract This research article investigates the relationship between inflation and the performance of the financial sector within OECD countries, a group critical to global economic stability. The financial sector is a basis of sustainable economic growth, and its performance is heavily influenced by the macroeconomic environment, particularly inflation. This study analyses how inflation, alongside other significant factors such as real GDP growth, government size, trade openness, and interest rates, impacts the financial sector development. By examining data from 38 OECD countries over a 20-year period (2002-2021), this research employs a comprehensive approach using both static and dynamic panel regression models. The results consistently indicate a negative correlation between inflation and the key financial sector variables, suggesting that higher inflation levels undermine financial sector performance. These findings underscore the importance of maintaining low and stable inflation to foster an efficient and stable financial sector. This study makes a valuable contribution to the literature by focusing specifically on OECD countries, which are often seen as benchmarks for economic policies and financial systems.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"188 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141681644","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}

引用次数: 0

Business Models of Enterprises in the Conditions of Digital Transformation: Global and Domestic Experience 数字化转型条件下的企业商业模式：全球和国内经验

Economics Pub Date : 2024-07-03 DOI: 10.2478/eoik-2024-0027

L. Shostak, Liubov Lipych, Fedoniuk Anatolii, Iryna Volynets, Ulyanytsky Andrew, V. Morokhova

引用次数: 0

Formation of the Baby Economy as a Prerequisite for the Development of the Human Economy and Adaptation of the National Economy of Ukraine to the Principles of Sustainable Development 婴儿经济的形成是人类经济发展和乌克兰国民经济适应可持续发展原则的先决条件

Economics Pub Date : 2024-06-07 DOI: 10.2478/eoik-2024-0017

Tetiana Ostapenko, K. Pavlov, O. Pavlova, S. Bortnik, Alla Suriak, L. Matiichuk

{"title":"Formation of the Baby Economy as a Prerequisite for the Development of the Human Economy and Adaptation of the National Economy of Ukraine to the Principles of Sustainable Development","authors":"Tetiana Ostapenko, K. Pavlov, O. Pavlova, S. Bortnik, Alla Suriak, L. Matiichuk","doi":"10.2478/eoik-2024-0017","DOIUrl":"https://doi.org/10.2478/eoik-2024-0017","url":null,"abstract":"Abstract The processes of kinship, gender and age stratification, early learning opportunities, socialization, and the ability to engage in creativity and optimize craft are crucial for developing the education economy. All these factors in the development of the education economy should turn a young person into an economic person with the ability to make effective production, technological, and managerial decisions regarding the development of his or her personality, society, and economic element. It is worth noting that Ukraine is only forming a baby economy system. There are separate parts of it that the will of the state policy should unite. However, the private production and research sector should also be aimed at cooperating with educational institutions both in terms of production practices and highly specialized career guidance. Also, the education economy should be integrated into global educational processes, especially at the bachelor’s and master’s levels of university education. Ukraine is joining global university networks to optimize higher education. Joining exemplary examples of global education should influence the development of Ukraine’s national economy in the context of globalization. The processes of kinship, gender and age stratification, early learning opportunities, socialization, and the ability to engage in creativity and optimize craft are crucial for developing the education economy. All these factors in the development of the economy of education and upbringing should turn a young person into an economic person with the ability to make effective production, technological, and managerial decisions regarding the development of his or her personality, society, and economic element.","PeriodicalId":511559,"journal":{"name":"Economics","volume":" 43","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141371700","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}

引用次数: 0

De-Dollarisation in International Payments: Trend or Fiction 国际支付中的去美元化：趋势还是虚构

Economics Pub Date : 2024-06-07 DOI: 10.2478/eoik-2024-0018

Vesela Todorova, Monika Moraliyska, Iva Raycheva

{"title":"De-Dollarisation in International Payments: Trend or Fiction","authors":"Vesela Todorova, Monika Moraliyska, Iva Raycheva","doi":"10.2478/eoik-2024-0018","DOIUrl":"https://doi.org/10.2478/eoik-2024-0018","url":null,"abstract":"Abstract The present research paper is focused the widely debated topic related to de-dollarization. It examines the trend of de-dollarization to check if the statements that the dollar is losing its weight and is about to lose its leading position in international trade payments are substantiated. Firstly, the theoretical framework behind the dollarization is explored. Secondly, the factors believed to be the basis of the de-dollarization process have been identified and analyzed, which are related to: geopolitical processes, changes in international payments policy in some BRICS countries, changes in international trade, etc. A performed analysis of the currency turnover in international trade, based on data from official sources, was made through forecast regression, which predicts the development of the share of the dollar in international payments. A correlation matrix was also calculated, showing the correlation links between the dollar and the other leadng currencies. The hypothesis, which is confirmed by the practical research, is that the de-dollarization process is proceeding slowly and uncertainly, and will continue to develop at a low pace leading to insignificant changes in the structure of the currency composition of international payments in the short and medium term. Further research could further explore each of the factors that could lead to a real dedollarisation trend in international payments.","PeriodicalId":511559,"journal":{"name":"Economics","volume":" 25","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141374488","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}

引用次数: 0

Sustainable Information System for Enhancing Virtual Company Resilience Through Machine Learning in Smart City Socio-Economic Scenarios 智能城市社会经济场景中通过机器学习增强虚拟公司复原力的可持续信息系统

Economics Pub Date : 2024-06-07 DOI: 10.2478/eoik-2024-0022

Khrystyna Lipianina-Honcharenko, Myroslav Komar, Nazar Melnyk, Roman Komarnytsky

{"title":"Sustainable Information System for Enhancing Virtual Company Resilience Through Machine Learning in Smart City Socio-Economic Scenarios","authors":"Khrystyna Lipianina-Honcharenko, Myroslav Komar, Nazar Melnyk, Roman Komarnytsky","doi":"10.2478/eoik-2024-0022","DOIUrl":"https://doi.org/10.2478/eoik-2024-0022","url":null,"abstract":"Abstract This paper introduces an innovative framework for the management of virtual companies in smart urban environments, with an emphasis on socio-economic resilience facilitated by Sustainable Information Systems. The system aims to equip virtual enterprises in smart cities with tools for robust operations amid socio-economic challenges. Its effectiveness is evidenced by improvements in investment risk assessment, business process simulation, and HR project management, enhancing efficiency and foresight. A key feature is predictive analytics for crisis demand forecasting, enabling swift market adjustments and strategic inventory management. It also helps identify alternative clients and suppliers, ensuring business continuity. Integrating machine learning and augmented reality, the system supports automation and strategic decision-making, significantly benefiting the e-commerce sector by addressing fluctuating demand, supply chain issues, and market adaptations during crises. The Sustainable Information System for Virtual Company Management in Smart Cities offers crucial support for e-businesses facing these socio-economic challenges, facilitating their navigation through turbulent times. Its meticulously designed architecture and functionalities make it a powerful instrument for assisting virtual companies in crisis conditions, fostering their sustainable growth within the socio-economic framework of smart urban settings. Comparative studies with existing models underscore this system’s superior efficiency and holistic approach, highlighting its contribution to enhancing the operational efficiency of virtual companies by 95%, reducing the time needed for critical activities like investment risk analysis and business process simulation, and bolstering the socio-economic resilience of smart cities against crises","PeriodicalId":511559,"journal":{"name":"Economics","volume":" 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141372070","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}

引用次数: 0

Post Sales Service Strategies and Small and Medium Enterprises Performance in Ibadan, Oyo State, Nigeria 尼日利亚奥约州伊巴丹市的售后服务战略与中小企业绩效

Economics Pub Date : 2024-06-03 DOI: 10.11648/j.eco.20241302.13

Akinbo Tina, Oladeji Alaba

{"title":"Post Sales Service Strategies and Small and Medium Enterprises Performance in Ibadan, Oyo State, Nigeria","authors":"Akinbo Tina, Oladeji Alaba","doi":"10.11648/j.eco.20241302.13","DOIUrl":"https://doi.org/10.11648/j.eco.20241302.13","url":null,"abstract":"Post Sales Service Strategies play a vital role on the performance of Small and Medium Enterprises. Post Sales Service is an increasingly important part of the business sand is more complex than manufacturing product. Unlike product, it is not possible to produce services in advance and inventory this future consumption. Post Sales Service has become an essential factor for all organizations nowadays; organizations are merging several marketing mixes in different ways to enhance Customer Satisfaction and Loyalty. Organizations are trying to provide excellent Post Sales Service to Customers and using several techniques to retain Customers. Post Sales Service helps to produce remarkable revenue in almost every business field. This study sought to assess the role in which Post Sales Service Strategies play on the performance of Small and Medium Enterprises in Ibadan, Oyo State, Nigeria. A survey among SMEs owners in Oyo State found that Post Sales Service can become a key differentiator and a major profit source if it’s being managed and carried out appropriately among the Small business owner and their customer in order to boost their operational performance and as well standardize their relationship with the customers. The study is immensely in various ways to Small Business Owners, Management, Practitioners, and Policy Makers. To the Small Business owners in Nigeria, the study will provide a more reliable scientific measure on issues affecting Post Sales Service on the performance of Small and Medium Enterprises. The findings also revealed that Post Sales Services are very important in mitigating possible collapse of SMEs. There search thus, recommends that SMEs should ensure that Post Sales Service should be used as an integral part of product offering at the same value to every customer in order to increase and survive in their operational performance efficiently and effectively.\u0000","PeriodicalId":511559,"journal":{"name":"Economics","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141388376","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}

引用次数: 0

A Stochastic Method for Optimizing Portfolios Using a Combined Monte Carlo and Markowitz Model: Approach on Python 使用蒙特卡洛和马科维茨组合模型优化投资组合的随机方法：Python 方法

Economics Pub Date : 2024-05-22 DOI: 10.2478/eoik-2024-0014

R. Mallieswari, Varadharajan Palanisamy, Arthi Thangavelu Senthilnathan, Suganya Gurumurthy, J. Joshua Selvakumar, Sathish Pachiyappan

{"title":"A Stochastic Method for Optimizing Portfolios Using a Combined Monte Carlo and Markowitz Model: Approach on Python","authors":"R. Mallieswari, Varadharajan Palanisamy, Arthi Thangavelu Senthilnathan, Suganya Gurumurthy, J. Joshua Selvakumar, Sathish Pachiyappan","doi":"10.2478/eoik-2024-0014","DOIUrl":"https://doi.org/10.2478/eoik-2024-0014","url":null,"abstract":"\u0000 The main of the study is to comprehend how the mean variance efficient frontier method may be used in conjunction with Markowitz portfolio theory to produce an optimal portfolio. The study uses daily observations 8 pharma companies closing price namely Auropharma, Granules, Glaxo, Lauruslabs, Pfizer, Sanofi and Torntpharma. Further, Nifty pharma index is considered as benchmark index to check the performance of the chosen companies. The study chosen the reference period from 2020 to 2023 and required data has been extracted from the National Stock Exchange (NSE). This research is based on implementing a stochastic method for efficient portfolio optimisation employing a blended Monte Carlo and Markowitz model. In order to forecast the price of these indices in the future and to determine the likelihood of profit or loss while investing in a portfolio of stocks representing the aforementioned indices, the study also uses Monte Carlo simulation. The study involves two algorithms, namely the deterministic optimisation algorithm, which uses Markowitz Portfolio Theory, and the probabilistic optimisation algorithm, which uses Monte Carlo simulation. The study employed correlation matrix to find the exist relationship between the chosen companies and benchmark index. Also, expected return and volatility has been identified with the help of standard deviation using Python. The study found that the NIFTY Pharma index offers a higher return of 14.35. In addition to this, NIFTY Pharma portfolio’s volatility is considerably higher. The study concludes that the NIFTY pharma portfolio is more suitable for those investors who have an appetite for risk.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"8 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141110172","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}

引用次数: 0

Innovation in Financial Health Assessment: Applying MCDM Techniques to Banks in Vietnam 金融健康评估的创新：将 MCDM 技术应用于越南银行

Economics Pub Date : 2024-05-01 DOI: 10.2478/eoik-2024-0011

Do Duc Trung, B. Dudić, Hoang Tien Dung, Nguyen Xuan Truong

{"title":"Innovation in Financial Health Assessment: Applying MCDM Techniques to Banks in Vietnam","authors":"Do Duc Trung, B. Dudić, Hoang Tien Dung, Nguyen Xuan Truong","doi":"10.2478/eoik-2024-0011","DOIUrl":"https://doi.org/10.2478/eoik-2024-0011","url":null,"abstract":"\u0000 Assessing the financial health of banks is crucial to ensure the stability of the financial system. This is not only a way to safeguard the interests of customers and shareholders but also to prevent inherent risks and ensure reliability in banking operations. Thus, evaluating financial health plays a crucial role in maintaining stability and sustainable development in the banking sector. This study employed three methods: RAM (Root Assessment Method), PSI (Preference Selection Index), and SRP (Simple Ranking Process), to assess the financial health of twenty-eight banks in Vietnam. Capital adequacy rating, asset quality rating, management rating, earnings rating, liquidity rating, and sensitivity to market risk rating are the six criteria used to characterize each bank. The evaluation results using these three methods were compared with each other and with the evaluation using the CAMELS rating system. The study identified banks with good financial health and those with weak financial health. The notable point is that the results of ranking financial health of banks using three methods: RAM, PSI, and SRP, and according to the CAMELS system are quite similar. These findings are vital in providing valuable information for managers and investors, aiding them in making informed decisions regarding investment, risk management, and development strategies based on empirical data.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"82 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141032066","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}

引用次数: 0

From Classrooms to Economies: Examining the Educational Achievement-Economic Development Nexus 从课堂到经济：考察教育成就与经济发展之间的联系

Economics Pub Date : 2024-05-01 DOI: 10.2478/eoik-2024-0013

Sheikh Ahmad Faiz Sheikh Ahmad Tajuddin, W. Afthanorhan, Fahru Azwa Mohd Zain, Hamdy Abdullah, Hazrin Izwan Che Haron, Ahmad Firdhauz Zainul Abidin

{"title":"From Classrooms to Economies: Examining the Educational Achievement-Economic Development Nexus","authors":"Sheikh Ahmad Faiz Sheikh Ahmad Tajuddin, W. Afthanorhan, Fahru Azwa Mohd Zain, Hamdy Abdullah, Hazrin Izwan Che Haron, Ahmad Firdhauz Zainul Abidin","doi":"10.2478/eoik-2024-0013","DOIUrl":"https://doi.org/10.2478/eoik-2024-0013","url":null,"abstract":"\u0000 Each states play pivotal roles in contributing to the economic performance of the nation. They have their own unique economic strengths, resources, and industries that contribute to the overall economic development. Terengganu, an east coast state in Malaysia has historically faced economic challenges, marked by a lag in development compared to other regions. The fundamental problem addressed is the potential correlation between educational attainment and the region’s economic growth, aiming to understand how advancements in education might serve as a catalyst for economic progress. The objective of this research is to empirically analyze the impact of educational achievement on the economic development in Terengganu. Utilizing secondary data sourced from the Department of Statistics Malaysia and Economy Planning Unit Terengganu spanning from 2006 to 2022, Autoregressive Distributed Lag (ARDL) model has been employed to estimate and understand the relationship between educational attainment and economic development. The findings suggested that educational achievement plays positive impact in heightening the economic development within the region. Education contributes to the development of human capital, fostering a skilled and knowledgeable populace capable of engaging in diverse economic activities. This, in turn, attracts investments and facilitates the emergence of industries and sectors that rely on a knowledgeable and skilled labour force. This study would provide valuable insights for policymakers and academicians to formulate targeted policies and initiatives, ultimately enhancing the economic development of the states, thus contribute to a prosperous Malaysia.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"36 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141026178","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}

引用次数: 0

Foreign Direct Investment and Economic Development: An International Perspective 外国直接投资与经济发展：国际视角

Economics Pub Date : 2024-05-01 DOI: 10.2478/eoik-2024-0012

A. Serikkyzy, Aigul Bakirbekova, S. Baktymbet, Rakymzhan Yelshibayev, Assem S. Baktymbet

{"title":"Foreign Direct Investment and Economic Development: An International Perspective","authors":"A. Serikkyzy, Aigul Bakirbekova, S. Baktymbet, Rakymzhan Yelshibayev, Assem S. Baktymbet","doi":"10.2478/eoik-2024-0012","DOIUrl":"https://doi.org/10.2478/eoik-2024-0012","url":null,"abstract":"\u0000 The present study examines the patterns of foreign direct investment (FDI) in Kazakhstan and draws comparisons with global trends. Based on statistical data spanning from 2000 to 2022, the study reveals that the growth of FDI in Kazakhstan has exhibited greater volatility and speed compared to developed nations. However, it is strongly associated with global FDI inflows and the growth of gross domestic product (GDP). This article aims to examine the patterns and determinants influencing FDI in Kazakhstan and to juxtapose these patterns with global trends. The main approach used in the study was systematic. The article’s contribution lies in its provision of novel insights into the dynamics of FDI in Kazakhstan and its correlation with economic growth. Furthermore, the article elucidates the various factors that contribute to the expansion of FDI in Kazakhstan, while also offering suggestions for the development of public policy in this domain. The article provides a comprehensive examination of FDI patterns in Kazakhstan, comparing them to global trends and identifying the factors that influence the dynamics of FDI. Furthermore, the article offers suggestions for expanding the economic base of Kazakhstan beyond its reliance on the oil and gas industry, enhancing focus on high-tech and innovative sectors, and enhancing the institutional framework.","PeriodicalId":511559,"journal":{"name":"Economics","volume":"81 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141052375","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}

引用次数: 0

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