The influence of digital levers on the growth of social contexts and economic development within European countries

Marino, Alfonso; Pariso, Paolo; Picariello, Michele

doi:10.1145/3466029.3466030

Cited by 5 publications

(4 citation statements)

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“…The connection between social investments and economic growth Positive connection, which makes the social and investment model of economic growth natural and organic in developed countries (Prada-Blanco and Sanchez-Fernandez, 2017;Marino et al, 2021;Xie, 2021;Bajraktari et al, 2022) Negative connection, which hinders the developing countries' transitioning to the social and investment model of economic growth (proved by the example of the CIS countries) Role of institutes in the implementation of the social and investment model of economic growth Direct role: direct stimulation of social investments, including state financing of higher education (Wong and Chu, 2020;Askari and El Refae, 2022;Fadda et al, 2022;Lee et al, 2022;Lima et al, 2022;Usman and Ab Rahman, 2023) Indirect role: the creation of a common stable macro-economic situation and favorable investment climate with the market self-regulation of social investments Source: Authors.…”

Section: New Results and Authors' Conclusion That Were Made In The Papermentioning

confidence: 99%

“…As shown in Table2, unlike Prada-Blanco and Sanchez-Fernandez (2017),Marino et al (2021),Xie (2021), andBajraktari et al (2022), we discovered not a positive (as in developed countries) but a negative link between social investments and economic growth, which hinders the developing countries' transitioning to the social and investment model of economic growth (proved by the example of countries in the CIS).UnlikeAskari and El Refae (2022), Fadda et al (2022), Lee et al (2022), Lima et al (2022), Usman and Ab Rahman (2023), and Wong and Chu (2020), we justified that the role of institutes in the implementation of the social and investment model of economic growth is not direct but indirect. This indirect role consists of the creation of a common stable macro-economic situation and favorable investment climate with market self-regulation of social investments.…”

mentioning

confidence: 85%

“…The selected observations in this sphere point to the positive link between social investments and economic growth (Xie, 2021;Bajraktari et al, 2022). This link makes the social and investment model of economic growth natural and organic in developed countries (Prada-Blanco and Sanchez-Fernandez, 2017;Marino et al, 2021). Wong and Chu (2020), Lee et al (2022), and Lima et al ( 2022) point to the direct role of institutes in implementing the social and investment model of economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

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The institutional approach to the development of education in the social and investment model of Russia's economic growth

Krupnov

Yankovskaya²,

Semenova³

et al. 2023

Front. Educ.

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The goal of this article is to develop an institutional approach to the development of education in the social and investment model of economic growth in developing countries by the example of Russia. The hypothetical and deductive principles and regression analysis are used in this research. The research results show that the social and investment model of economic growth is being implemented in the countries of the CIS and Russia, and—as of now—the development of education slows down economic growth, instead of accelerating it. To solve this problem, we offer an institutional approach to the development of education in the social and investment model of Russia's economic growth. The new approach allows for a flexible selection of measures of management depending on the needs of education's development: development of only current, only future, or all workforce. The developed approach is based on the institution of the legal framework's adaptability to digital business models. Since workforce and skills play a key supporting role in digital business, the development of the institution of legal framework's adaptability to digital business models will stimulate the development of higher education and will ensure Russia's transition to the social and investment model of economic growth. For the practical application of the new approach, we develop an optimization model of institutional management in the interests of the development of education and transition to the social and investment model of economic growth in Russia. The model has shown that an increase in the possibility of the legal framework's adaptability to digital business models up to 100 points with a stable level of development of other institutions allows increasing skills of the current workforce by 44.05% and the future workforce by 20.96%.

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Section: New Results and Authors' Conclusion That Were Made In The Papermentioning

confidence: 99%

mentioning

confidence: 85%

Section: Literature Reviewmentioning

confidence: 99%

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The institutional approach to the development of education in the social and investment model of Russia's economic growth

Krupnov

Yankovskaya²,

Semenova³

et al. 2023

Front. Educ.

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“…[2,3] It delves into the key benefits, challenges, and opportunities associated with its implementation, emphasizing the integration of advanced digital technologies to further enhance SME capabilities. [4,5] 1.1. RQ1: What Are the Benefits of Digital Twins in SMEs?…”

Section: Introductionmentioning

confidence: 99%

Digital Twin in SMEs: Implementing Advanced Digital Technologies for Engineering Advancements

Marino,

Pariso,

Picariello

2024

Macromolecular Symposia

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The integration of Digital Twin technology in small and medium‐sized enterprises (SMEs) has brought forth a transformative paradigm in engineering practices. This paper presents a comprehensive overview of the use of Digital Twin in SMEs and its implementation of advanced digital technologies in an engineering context. The paper highlights key benefits, such as the ability to simulate, analyze, and predict the behavior of products or processes before their physical instantiation. By leveraging advanced modeling and simulation techniques, SMEs can efficiently explore multiple design iterations, identify potential issues, and optimize engineering solutions without costly physical prototyping. Furthermore, the paper discusses integrating other advanced digital technologies, such as the Internet of Things (IoT) and Artificial Intelligence (AI), with Digital Twin to create intelligent and interconnected systems. The implementation of Digital Twin technology in SMEs extends beyond product design to encompass various aspects of the product lifecycle, fostering efficiency, accuracy, and innovation. However, challenges such as data integration, cybersecurity, and skill requirements are addressed. With proper planning and investment, SMEs can unlock the full potential of Digital Twin technology to gain a competitive edge in the dynamic engineering domain.In conclusion, this paper demonstrates that the use of Digital Twin in SMEs and its integration with advanced digital technologies revolutionizes engineering practices. By offering virtual representations of physical assets and processes, Digital Twin enables SMEs to make informed decisions, optimize performance, and drive innovation. As the technology evolves, it becomes an indispensable tool for SMEs seeking to thrive in the ever‐evolving engineering landscape.

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Information Networking and e-Government in United Nations and Europe

Marino

Pariso

Picariello

2022

Advanced Information Networking and Applications

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The influence of digital levers on the growth of social contexts and economic development within European countries

Cited by 5 publications

References 8 publications

The institutional approach to the development of education in the social and investment model of Russia's economic growth

The institutional approach to the development of education in the social and investment model of Russia's economic growth

Digital Twin in SMEs: Implementing Advanced Digital Technologies for Engineering Advancements

Information Networking and e-Government in United Nations and Europe

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