Influence of existing social and economic interactions on sustainable territory development: the case of Iceland

Komarova, Vera; Lonska, Jeļena; Lavrinenko, Olga; Menshikov, Vladimir

doi:10.9770/jesi.2018.5.3(1)

Cited by 7 publications

(4 citation statements)

References 13 publications

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“…In a contemporary complex and competitive business environment, the adaptation of appropriate strategies is a particularly important effort to furthering the development of companies. Each economy has its own specific business environment, which is influenced by a wide range of factors, and there is a constant debate about how the business environment should be assessed (Lietuvniké et al, 2018;Komarova et al, 2018). In this regard, the World Bank Group created the Doing Business Index (DBI) to report aspects of entrepreneurship business regulation.…”

Section: Literature Reviewmentioning

confidence: 99%

The evaluation of competitive position of EU-28 economies with using global multi-criteria indices

Kiseľáková

Šofranková

Onuferová

et al. 2019

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Research background: Under the current conditions of increasing competitiveness and interdependence, national economies are more influenced by the global business environment and its development. Constantly changing economic, social, political aspects, and many other factors, cause the differences in the global competitiveness of economies, so the economies are forced to analyze their competitive level more complexly. Despite that, there is a lack of research studies analyzing the international competitiveness of EU-28 economies from the point of view various multi-criteria indices. Purpose of the article: The paper investigates the relations between the Global Competitiveness Index (GCI) and other selected multi-criteria indices, namely the Global Innovation Index (GII), the Doing Business Index (DBI), the Economic Freedom Index (EFI) and the Corruption Perceptions Index (CPI) in the case of EU–28 economies. Methods: In order to investigate the relations between the global competitiveness and selected multi-criteria indices affecting the EU–28 economies, the multiple linear regression analyses were applied. The multiple regression model was quantified for every single year, as well as, the regression model using the average score of all analyzed indices. The secondary data concerning the scores of individual indices were collected based on annually published online reports over the period of 2014–2018. Findings & Value added: The research confirmed that there is a statistically significant dependence between the global competitiveness, corruption and the level of innovation potential within the EU–28 economies. Besides, we identified the worst results in the context of competitiveness evaluation especially in the area of corruption and innovation activities. In this regard, the issue of insufficient innovation development and inappropriate corruption perception is considered to be key determinants influencing the assessment of the global competitiveness of the EU–28 member states. In our opinion, to improve the competitiveness of these countries, targeted activities should be implemented in the frame of national competitive strategies, programs, and policies.

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Section: Literature Reviewmentioning

confidence: 99%

The evaluation of competitive position of EU-28 economies with using global multi-criteria indices

Kiseľáková

Šofranková

Onuferová

et al. 2019

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“…In this regard, the World Bank Group [21] suggests the doing business index (DBI), which provides an objective measuring tool of business regulations for local enterprises and evaluates various aspects of business conditions. According to the study [22], in a contemporary competitive business environment, the choice of an appropriate strategy is important in an effort to further the development of companies. Business environments differ in every country and there is a constant debate about how a business environment should be assessed.…”

Section: Doing Business Index (Dbi)mentioning

confidence: 99%

Competitiveness and Its Impact on Sustainability, Business Environment, and Human Development of EU (28) Countries in terms of Global Multi-Criteria Indices

et al. 2019

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In this paper, the following research problem was addressed: Is there a significant economic impact of multidimensional specified competitiveness within the EU (28) countries on the competitive business environment, human development, and sustainable growth? Based on the mentioned research problem, we formulated the aim of paper: To detect the significant interrelations among the assessment of global competitiveness, business environment as well as human development in the EU (28) countries for the period of 2006–2017. To address these problems, the methodology of global multi-criteria indices, namely the global competitiveness index (GCI), doing business index (DBI), and human development index (HDI), as well as panel analysis and non-linear regression analyses with ANOVA, were applied. The panel analysis results suggest that there is a direct linear relationship between the GCI and HDI. Moreover, the impact of the DBI on the change in the GCI score was not confirmed. We identified the main areas of countries’ interest, and important economic and statistical significant relations of competitiveness by creating three models: The GD model (constructed by GCI and DBI scores), GH model (GCI and HDI scores), and GDH model (GCI, DBI and HDI scores). Based on the results, all interrelations were confirmed. However, the highest extent of variability for the explanation of the selected data was recorded in the case of the GDH model (87.12%). We detected the impact of the business environment and human resources as competitive advantages on global macroeconomic competitiveness. As the business sector in EU (28) countries is represented mainly by small and medium-sized enterprises (SMEs), enterprise activities play a key role in the process of sustainable competitive economic development. Moreover, human resources are considered to be another important driver of the internationalization of European SMEs.

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“…The concept of ìinstituteî currently is interpreted quite broadly, including a system of norms, traditions, and habits that are rooted and supported by formal and informal mechanisms as well as official supervisory activities. Scientists highlight the significance of institutional environment, when studying both overall economic issues (e.g., Komarova et al 2018) and specified financial issues (e.g., Bermpei et al (2018). Institutional approach significantly expands the range of tasks that can be solved for improving the quality of banks, especially their stability.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors of Institutional Environment Encouraging the Soundness of Banks: Their Selection and Analysis in the World Countries

Menshikov¹,

Šipilova²,

Baltgailis³

2019

SZV

Self Cite

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Scientific literature highlights that the soundness of banks benefits from the quality of institutional environment. Although, there is no univocal opinion concerning the key factors of institutional environment that are crucial for the soundness of banks. Additionally, the previous studies mostly focus on separate factors and concrete case studies. The authors address the issue on factors of institutional environment encouraging the soundness of banks by trying to get the whole picture from the separately studied factors and conduct the analysis at the global level by differentiating countries depending on their level of the soundness of banks. As a result of scientific literature review, the authors offer six factors of institutional environment and select appropriate indicators from the Global Competitiveness Report of the World Economic Forum for empirical analysis. The authorsí offered factors are as follow: external economic conjuncture, internal political conjuncture, technological conjuncture, socially humanitarian conjuncture, economic and legal positions of debtors and creditors, quality of analysis and monitoring of banks. Testing the linkage between factors of institutional environment and the soundness of banks in the countriesí groups with different level of soundness of banks, the authors conclude that there are both common and distinct features of institutional environment depending on factors and the level of soundness of banks. The common features of institutional environment relate to quality of analysis and monitoring of banks as well as economic and legal positions of debtors and creditors. The distinct features of institutional environment appear in the countriesí group with high level of soundness of banks and relate to technological conjuncture and socially humanitarian conjuncture.

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Influence of existing social and economic interactions on sustainable territory development: the case of Iceland

Cited by 7 publications

References 13 publications

The evaluation of competitive position of EU-28 economies with using global multi-criteria indices

The evaluation of competitive position of EU-28 economies with using global multi-criteria indices

Competitiveness and Its Impact on Sustainability, Business Environment, and Human Development of EU (28) Countries in terms of Global Multi-Criteria Indices

Factors of Institutional Environment Encouraging the Soundness of Banks: Their Selection and Analysis in the World Countries

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