The Uncertainty Factor in the Market Economic System: The Microeconomic Aspect of Sustainable Development

Dźwigoł, Henryk

doi:10.34021/ve.2021.04.01(5)

Cited by 44 publications

(26 citation statements)

References 43 publications

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“…The latter work (considering the growing interest in international trade) complements the above sources and fills in the gaps in the study of the dynamics of trade relations between Ukraine and Romania. A number of recent scientific research were devoted to the development of the economic systems of the countries of Eastern Europe (Drożdż and Mróz-Malik, 2017;Drożdż et al 2020aDrożdż et al , 2020bDźwigoł 2021aDźwigoł , 2021bKharazishvili et al 2021;Miśkiewicz 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The Dynamics of Trade Relations between Ukraine and Romania: Modelling and Forecasting

Melnychenko

Matskul

Osadcha

2022

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The article examines the monthly dynamics of exports, imports and balance of trade between Ukraine and Romania in the period from 2005 to 2021. Time series from 2015 to 2021 were used for modelling and forecasting (since the date the European Union–Ukraine Association Agreement took effect). Adequate models of the dynamics series of the Box-Jenkins methodology were built: additive models with seasonal component ARIMA (Autoregressive Integrated Moving Average) ARIMAS (or SARIMA) and Holt-Winters exponential smoothing with a dampened trend. Forecasting of exports, imports and trade balance for the fourth quarter of 2021 and first quarter of 2022 were completed. The forecast results showed a small relative error compared to the actual data. Thus, when forecasting the trade balance between countries using the Holt-Winters model, the relative prediction errors were: for October 2021 – 1.3%; for November 2021 – 2.6%; for December 2021 – 0.4%.

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Section: Literature Reviewmentioning

confidence: 99%

The Dynamics of Trade Relations between Ukraine and Romania: Modelling and Forecasting

Melnychenko

Matskul

Osadcha

2022

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“…Although this term is more recent, there are a number of definitions and different versions. In order to audit some or all areas of business, the management is given to the elected manager for a certain period of time, in order to achieve the set of goals of the company (Dźwigoł, 2021). This definition is confirmed by some of the factors (Ritka, 2011):…”

Section: Temporarily Management -A New Model Of Enterprise Developmentmentioning

confidence: 99%

Microeconomic aspects of sustainable development: Importance for market economy

Brkić¹,

Tomaš-Simin²

2022

Pravo - teorija i praksa

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The subject of the paper is a connection between certain microeconomic aspects of importance for the functioning of modern organizations in the context of sustainable development. Modern companies must be open to modern ideas, they have to become competent in viewing different problems from different perspectives, become more flexible and sensitive to the market warnings and be ready to implement the changes in the process of management. Nowadays, in a situation of a big suspense, companies are facing with more complex goals, the evolution of work organization towards its self-government and the generation of flexible working forms, with an emphasis being put on the improvement of the employees' skills and the development of some new models such as a 'career without borders'. Some research has found that when creating a model of the modern market economy, it is necessary to take into account almost all the details such as sustainable development, the development of knowledge and competences-based companies, giving employees the opportunity to build the companies by themselves using the temporary management and networking. In the process of development of a modern organization, there should be taken into account certain factors in the process of its functioning such as both internal and external requirements, the employees predispositions, in other words all the presumptions involved in the question of entrepreneurial activity. The aim of the paper is to present the selected microeconomic aspects of importance for the functioning and improvement of the work of organizations in turbulent market circumstances according to the sustainable development. The work is intended for all those who operate in a modern business environment, regardless of the form of the organization or a type of activity.

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“…Achieving sustainable development goals (SDGs) [1][2][3][4][5][6] requires the development and implementation of new and effective instruments that consider ongoing trends in world development [7][8][9][10][11], such as digitalization, integrating sustainable development into all economic activities and levels [12][13][14][15]. It should be noted that sustainable development is a multifaceted concept that, at its core, seeks to balance environmental stewardship, economic growth, and social equity for current and future generations [16].…”

Section: Introductionmentioning

confidence: 99%

Digitalization and Energy in Attaining Sustainable Development: Impact on Energy Consumption, Energy Structure, and Energy Intensity

Dzwigol,

Kwilinski,

Lyulyov

et al. 2024

Energies

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The relentless advancement of digital technologies has the potential to significantly reshape the energy landscape as digital technologies become increasingly integrated into diverse sectors of the economy. This study explores the intricate relationship between digitalization and energy in EU countries, focusing on its direct and indirect impacts on energy consumption, structure, and intensity. Furthermore, this study explores the mediating mechanisms that facilitate these changes, including the role of technological innovation and government efficiency in the relationship between digitalization and energy outcomes. Focusing on EU countries and using the system-GMM method, this research accounts for the heterogeneity in the impact of digitalization on energy across various member states. It examines the varying effects in different countries, considering their income levels, environmental regulations, and green investments. The results demonstrate that the strategic deployment of digitalization in EU countries substantially benefits the energy sector. By optimizing energy consumption and enhancing the energy structure through the integration of renewable sources, the EU could move closer to its sustainability objectives.

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The Uncertainty Factor in the Market Economic System: The Microeconomic Aspect of Sustainable Development

Cited by 44 publications

References 43 publications

The Dynamics of Trade Relations between Ukraine and Romania: Modelling and Forecasting

The Dynamics of Trade Relations between Ukraine and Romania: Modelling and Forecasting

Microeconomic aspects of sustainable development: Importance for market economy

Digitalization and Energy in Attaining Sustainable Development: Impact on Energy Consumption, Energy Structure, and Energy Intensity

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