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Most publications justify that digitalization is a source of economic growth, to a greater extent in the countries with higher levels of economic development. However, some papers fail to find empirical evidence supporting this claim, attributing it to digitalization being in its initial stages or to the presence of the digitalization paradox. Economic literature exhibits a degree of ambiguity in its conclusions regarding the role of the digital economy in growth. Researchers employ different measures of digitalization, country and year samples, control variables in regression equation, as well as different regression methods, which can provoke ambiguous effects on the parameters of digital variables. The purpose of the article is to identify the role of digitalization in economic growth by justifying an economic growth model with the digitalization index and providing detailed discussions on our sample of countries over recent years, along with options for regression estimators. The article utilizes statistical data from the World Bank, European Commission, and Heritage Foundation. Methods such as system analysis, statistical analysis, and the regression estimator of panel data with fixed effects are implemented to identify the role of digitalization in economic growth. We have designed an economic growth model incorporating the Digital Economy and Society Index (DESI) of EU member states for the years 2017-2022, utilizing available data. The results reveal a positive and significant causal effect of digitization on gross output growth. Specifically, a 1% increase in the digitalization index results in GDP growth of almost 0.2%. Moreover, we observe the important roles of capital, labor, trade, human capital, and intellectual property rights in driving growth, consistent with the theory of endogenous growth. Proving the importance of digitalization for economic growth can be an argument for policies aimed at promoting digitalization. We suggest further research on the role of digitalization at a more disaggregated level of industries. However, our study does not demonstrate a statistically significant effect of research activity and institutional quality on gross output. We have discussed possible reasons for this and propose further research in these areas. [ABSTRACT FROM AUTHOR]

The relevance of this topic lies in the need to use economic and management strategies that can help agricultural enterprises adapt to a changing environment and ensure sustainable and resilient growth in the future. The purpose of the study was to examine the impact of economic and managerial factors on the development of agricultural enterprises, with a focus on creating sustainable business models. The methods used were analytical, statistical, and comparative. The paper examines the role of economics in the formation of sustainable business models of agricultural enterprises, focusing on optimizing the use of resources and adapting to market conditions. It is found that economic aspects include optimization of production processes, cost management and analysis of market trends. Efficient use of resources is a key aspect of sustainable business models of modern agricultural enterprises. The use of advanced technologies, such as precision farming and process mechanization, helps to increase productivity and reduce costs. Management of such market factors includes strategic planning, risk analysis and search for new development opportunities. An example of successful use of innovative technologies in agriculture is given on the sample of the American company John Deere. The article describes the strategy for developing sustainable business models for the Ukrainian company Myronivsky Hliboproduct, which includes the introduction of advanced agricultural technologies, diversification of production, optimization of resource use, development of local markets, improvement of risk management and promotion of social development of local communities. It is noted that the unfavourable conditions of war and economic instability pose serious challenges to the agricultural sector, but such conditions can also stimulate the search for new, more sustainable, and efficient business approaches. As a result, the development of sustainable business models for agricultural enterprises requires a comprehensive approach and systematic measures aimed at optimizing production, managing risks, and promoting the social development of local communities. The practical significance of the study lies in the possibility of increasing competitiveness, resource efficiency and sustainability in a changing market environment, which contributes to the sustainable development of the agricultural sector. [ABSTRACT FROM AUTHOR]

The paper takes a look at contemporary sports management systems and how they cannot facilitate meetings and connect potential prospect talents with the ideal sports agency. The current condition of physical culture and sports within rural communities in Ukraine leave much to be desired. Many of the talented athletes and kids living in these rural communities are not given the opportunity they deserve to hone their skills in sports and make a career out of their talent. Therefore, sports for them, has only become a leisurely activity and they are expected to let go of it once they reach the age of maturity. The paper goes on to highlight a proposed quality management system of physical culture and sports services that can eliminate this issue using standardization of the quality management. Lack of innovation during the development and deployment of management systems for sports in Ukraine prevents the industry from reaching its full potential. Therefore, it is vital to understand what the public and the sponsors require from a technical system that handles profiles of sports athletes and manages them according to user requirements. The research incorporates a secondary methodology with an emphasis on qualitative analysis. This allows for the researcher to develop a systematic literature review using previous researches already conducted within the same field. Through this methiodal, arguments and statements of other researchers can be extracted based on innovation in cultural sports and management systems. This paper aims to highlight a potential model that has a unique and innovative feature of matching a consumer to the nearest sports sponsorship organization in Ukraine. The hypothesis of the study was confirmed, which was the assumption that efforts to improve only the existing practices of organizational activities cannot significantly improve the state of physical culture and sports and the quality of physical culture and sports services to residents. The paper also delves into the benefit of its implementation as well as potential issues that may arise once it is deployed. Lastly, the proposed innovation system must be assessed further by other researchers to gauge its technical implementation and identify pitfalls and issues that may come up during development. If they are identified, they can be eliminated, once the system starts to undergo a proper development process. [ABSTRACT FROM AUTHOR]

The paper deals with the analysis of the impact of public administration on the innovation development. With purposes to identify the main scientific directions of analysis among the scientific community, the authors did the bibliometric study. For the reviews, the authors selected 1167 papers which indexing in Scopus. For the visualising the findings of bibliometric analysis, the VOSviewer was used. The results allow allocating 10 clusters of scientific directions which analysed the issues of innovations and public administrations. The first most significant clusters could «innovation» analysed the efficiency of the public administration through the effectiveness of innovation implementation. The second clusters connected with the government innovation policy and located close to the first clusters. The third cluster «public administration» involved 40 items and 4699 links. The scientists with Italian and American affiliations had the most significant shares of papers. At the same time, the European funding allocated the most significant share of financing such research. The hypothesis of the investigation was checking the linking between levels of innovation development and countries' rating on the efficiency of public administration using the correlation analysis and least square model. For the checking hypothesis, the authors used the software EViews11. The authors analysed the Worldwide Governance Indicators as the base indicators for the assessment of public administration efficiency. For the analysis, the authors used data for EU countries and Ukraine. As Ukraine has started the integration process, the Ukrainian policy should be synchronised with the EU. The findings proved the correlation between variables. Thus, the increasing of government efficiency and the rule of law lead to increasing by 0,094 and 0,043 points the level of innovation development of the country corresponding. At the same time, the increasing regulation policy provoke the increase of innovation development by 0,08 points. The less impact had the variables as follows: sustainability competitiveness of the country and volume of expenditure on research and development. After analysis of the empirical data, the reviews of the management and legal instruments was done. Considering the EU experience, the authors identified the system of tools which lead to increasing of public administration efficiency as follows: legislation on property rights, anti-corruption directives, digitalisation of government authorities at all levels. For the future investigation, the time and range of the countries should be extended. [ABSTRACT FROM AUTHOR]

The paper aims to generate and establish an understanding of effective closing techniques for selling innovative products. Closing a sale is important because this is the stage of the sales process where companies convince their customers to commit to their offer. Using the right closing technique has a huge impact on the outcome of the deal. The paper outlines the importance of the sales closing techniques for the accomplishment of the innovation commercialization process. The literature review and the conducted research study emphasized the sales process as a key factor for the successful commercialization of innovations in the software industry. Software companies feel confident in their ability to develop innovations but not in their ability to sell them. The research employed a descriptive research design. It used a quantitative method for data collection, which was the survey method. The research object is product managers and owners of software companies in Bulgaria. The conduction of the survey used the probability sampling design. Apart from the primary research, secondary data was also examined. The literature review was another research method for data collection used in the research study. The paper presents the results of a literature review and an empirical analysis, which confirm the importance of the sales process in the software industry when innovative products are concerned. Using the right selling techniques, companies develop a successful sales process for the innovative products they create. These findings resulted in searching and presenting effective selling techniques that salespeople in the software industry can use when selling innovations. Software companies recognize that the sales process requires certain knowledge of sales and the last stage of the sale process (the close stage). The research paper provides deeper meaning and understanding of the concept of selling and establishes the importance of using different closing techniques to persuade the customer to buy innovative products. Key salesperson's abilities and skills were also discussed in the paper. Based on the literature analysis and the conducted research study, the author summarized main and supporting closing techniques that could be useful for sales representatives in the software industry to sell more innovative products, build long-term relationships, and win trusted customers. The author outlined some main knowledge and abilities required for selling innovative products in the software industry. [ABSTRACT FROM AUTHOR]

The paper presents the public management of socio-cultural forms of organization in education, science, and innovation. This paper aims to identify the actual problems in public management of socio-cultural forms of organizations in education, science, and innovation. The research notes the specificity of the nature of governing in socio-cultural forms on the one hand and problems that arise in the course of its implementation on the other. The study presents the main vectors of development in public management of these forms: vertical division of governing, horizontal division of governing (modular), transverse division of governing. Studies and publications from governmental and non-governmental organizations (e.g., OECD) and firms engaged in higher education or other areas of economics, science, and innovation were analyzed. Scientific articles, reports, and research are primary sources. The research recommends crucial areas in which international organizations should concentrate their R&D efforts. There is also an emphasis on ensuring that all parties participating in R&D operations are appropriately managed. In addition, it is discovered that higher education and science should strive to strike a balance between their tight ties to the public sector and their desire for independence. [ABSTRACT FROM AUTHOR]

Copyright of Marketing & Management of Innovations / Marketing ì Menedžment Ìnnovacìj is the property of Sumy State University, Department of Marketing & Management of Innovative Activity and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

If a national enterprise successfully enters the world market and takes a place in the world system of labor differentiation (or in international business), this fact is likely to guarantee sustainable development to the company, and taken in a large scale, to the national economy as a whole. This is confirmed by the experience of a number of countries, both indisputable long-standing leaders, such as the United States, the EU, and Japan, and new economic leaders, i.e. China, South Korea, Singapore, and Taiwan. We believe that this experience can be useful for Ukraine, as well. Using ample statistical material and research papers on the problem as a basis for our research, we have studied a number of issues of the world market development, and especially those of the market of machine-building products, namely: some tendencies prevailing in these markets, the main risks associated with entering and functioning in these markets, some possible directions of their development, and the development of enterprises and business entities operating in them. Some requirements to the enterprises functioning in the environment in question are defined, first of all, in the following spheres: labor productivity; capacity utilization; the technical level, quality and cost of production; the level, quality, content and scope of research and development work; the whole set of issues related to the development, production and promotion of products in the national and world markets. The paper identifies some priority areas, or segments, in which Ukrainian machine-building enterprises can succeed in the world market. The paper studies the role and place of accounting, internal control, and internal audit in the management system at an enterprise, as well as their influence on the results of financial and economic activity of business entities, and on their success in the world market, in the system of international business. The paper examines some of the most significant, from our point of view, current realities in which Ukrainian enterprises, together with their management and management systems, will have to work. The authors believe that the results of the study, after some adjustment, can be extended to enterprises in other sectors of the economy. [ABSTRACT FROM AUTHOR]

This paper investigates the impact of local investments in education on the economic growth of different regions in China. It examines both the direct and indirect effects of financial investments in education. It analyzes the role of human capital and intellectual capital as mediators in the relationship between education and economic growth. The study utilizes a panel data model and a model of mediating effects to conduct an empirical analysis using data from China between 2000 and 2018. The findings indicate that local financial investment in education significantly impacts economic growth, although the magnitude of this effect varies across regions. Investing in education directly stimulates economic growth and indirectly promotes it by accumulating human and intellectual capital. Therefore, increasing investment in education and nurturing innovative, high-level talent are crucial steps towards achieving high-quality economic development in China. The literature review reveals that investment in education has been extensively studied concerning economic growth, with scholars emphasizing the role of human capital in the production process and the positive effects of education on worker productivity and income equality. However, educational investment's impact on economic growth has shown variations in different countries and regions. Some studies suggest that excessive development of higher education may hinder local economic development, while others highlight the positive impact of educational inputs on human capital quality and technological innovation. To examine the causal mechanism explicitly, this paper proposes a causal inference model based on mediating effects, considering both human capital and intellectual capital as mediating variables. The research methodology includes a baseline regression model and a model of mediating products, employing panel data techniques and instrumental variable estimation to address endogeneity issues. The results of the baseline regression analysis support the positive relationship between local financial investment in education and economic growth, controlling for other factors such as capital stock, labour force, urbanization rate, trade dependence, and population growth. Furthermore, the mediating effects model suggests that education investment indirectly influences economic growth by enhancing human capital and promoting technological innovation. These findings contribute to a better understanding of how education affects regional economies in China. In conclusion, this study highlights the significance of education in driving high-quality economic development in China. It emphasizes the importance of increasing investment in education and fostering the development of innovative and highly skilled individuals. The findings provide valuable insights for policymakers and stakeholders seeking to promote sustainable and inclusive economic growth through education reform and targeted investments in human capital. [ABSTRACT FROM AUTHOR]

The paper deals with the implementation of marketing in social innovations, types of marketing, and the effects they can bring in the sphere of social innovations. The principal aim of the paper is to explain the possibilities of marketing approach implementation in social innovations and point out some specific areas of marketing which can contribute to more efficient applicability of social innovations and reaching a desirable change with social added value. The authors focused on the sphere of health and the population attitudes to its protection, emphasizing breast carcinoma prevention. The research was implemented on a sample of Slovak women to identify the level of women’s awareness of this issue, whether they are familiar with the methods of protecting their health and whether they use them. This study involved the methods of cluster analysis and binary logistic regression. The research uncovered the facts that are truly alarming from the perspective of societal benefit and women’s health protection. The respondents’ insufficient awareness and low activity in the field of their health protection result in the low level of prevention in this area on the side of women and on the side of medical doctors – specialists, particularly gynecologists. Such a situation includes the women’s insufficient awareness of prevention, low motivation, insufficient accessibility and validity of the needed data and precision, and doctor specialists’ lack of awareness of the possibilities and tools available to improve this area. That is exactly the space allowing for the use of marketing in a whole spectrum of its tools and processes and specific solutions capable of delivering the desired societal change and influencing women’s behavior in the preferred direction. Besides, it is especially effective to implement social marketing and social marketing programs that would mediate necessary information to the receivers and stimulate their motivation towards the desired approach to their health protection. The use of neuromarketing would be beneficial. It would be reflected in the better accuracy of the survey and thus the higher quality of the answers obtained. Based on them, it is subsequently possible to create better-targeted campaigns and strategies of social marketing that would approach the target audience more effectively than in acquiring the information via traditional marketing research methods. The findings would benefit marketing agencies, medical doctors (gynecologists, mammologists), and non-profit organizations actively working in this field. [ABSTRACT FROM AUTHOR]

Public governance significantly transformed over the last several decades that is determined by numerous external and internal factors. Digitalization of social and economic relations results in the appearance and implementation of a new kind of innovation in public management -- e-governance. Therefore, developing the marketing and management strategy of such innovation as e-governance is considered a necessary precondition for trust in government. The paper aims to determine the impact of e-governance on trust in government and the development of recommendations on marketing and management of it. In the paper, the authors systematized main national and foreign approaches to measuring e-governance efficiency both at the level of central and sub-central governments. It is also realized a bibliometric analysis with VOSviewer v.1.6.16 to identify key contextual directions of scientific research on e-governance, marketing, and management and clarify its intercepts. The paper has developed a scientific hypothesis about the positive influence of e-governance on central and sub-central government brands and citizens' loyalty. To test this hypothesis, a panel data regression analysis was realized using Stata 12/SE software. In the regression model as a proxy of e-governance efficiency (independent variable), an E-Government Development Index (EGDI) is chosen, which is a composite indicator of three indices such as online service index, telecommunication index, and human capital index. It is chosen as a proxy central and sub-central government brand and citizens' loyalty (dependent variable), an indicator of Trust in Government that is calculated by the Organisation for Economic Co-operation and Development (OECD) and refers to the share of people who report having confidence in the national government. Besides, the regression model includes a sample of control variables such as Worldwide Governance Indicators. The country sample consists of 19 OECD member states (European countries): Austria, Belgium, Czech Republic, Denmark, Finland, France, Greece, Hungary, Italy, The Netherlands, Poland, Portugal, Slovak Republic, Sweden, Great Britain, Estonia, Latvia, Lithuania, and Slovenia. 2008-2020 (specifically, 2008, 2010, 2012, 2014, 2016, 2018, 2020). Under the bibliometric and regression analysis results, a set of practical recommendations on the perspectives of central and sub-central governments' marketing and management of egovernance. [ABSTRACT FROM AUTHOR]

The article deals with the topical issue of R&D tax incentives and their impact on the level of innovation development and macroeconomic stability. The research is based on causality analysis and estimation of the strength, time lags and directions of mutual influence of R&D tax incentives and macro indicators. Systematization literary sources and approaches for solving this problem indicates that R&D tax incentives are studied in fragments in the context of macroeconomic stability. The research's main purpose is to improve the methodological bases of substantiation of the choice of relevant instruments of innovation stimulation considering causal relations of R&D tax incentives and macro indicators. The paper presents the results of dynamic analysis of R&D tax incentives in 13 European countries, for which OECD statistics for 2007-2017 are freely available. The significance, strength, and nature of the relationship between these indicators and the following macro indicators are determined: the level of the country's innovation development, the share of investment in GDP (in general and in the corporate sector in particular), net international investment position, the share of the business sector in the cost structure of R&D. Pearson and Spearman correlation coefficients were calculated depending on the variable subordination to the law of normal distribution (verified by the Shapiro - Wilk test) on the admissible calculation interval taking into account time lags from 0 years to 3 years. The causality of the studied indicators was established using the Granger causality test. The calculations are important for the prioritization of instruments for the implementation of innovation support. The highest priority should be given to the establishment of tax incentives for R&D, as this tool's impact on all studied macro indicators in most countries was direct. Its effect was manifested in the shortest possible time (with a lag of 0-3 years). The second priority should be given to setting hidden rates of business tax subsidies on R&D, as this indicator's impact on most of the studied indicators was statistically significant and direct with a time lag of 0-3 years. The paper substantiates the inefficiency of direct public financial support, as the impact of this indicator on most of the analyzed macro-indicators was reversed with a lag of 0-2 years. Thus, it is more expedient for the state to help entrepreneurs by providing tax benefits to provide innovation development and macro stability than through direct reimbursement of costs. Moreover, lag regression models were built for those countries where identified links were the most important (Belgium, Denmark, the Netherlands, and the Czech Republic). They take into account inflation rates and interest rates on long-term liabilities and the number of labour resources in the country as control variables. [ABSTRACT FROM AUTHOR]

The purpose of this paper is to examine the impact of three dimensions of Blog service innovation (system operation, social technology & diversification) on website viewers' online loyalty through the intervening effect of two aspects of online relationship quality (trust & satisfaction) in the context of social media and blogging websites. A sample of 251 social media and blogging sites users responded to a structured questionnaire adapted from existing literature. First, confirmatory factor analysis was carried out, and then data were analysed through structural equation modelling using the bootstrap methodology in AMOS 24. The findings indicated that two innovations (system operations & diversification) indirectly affect the website viewers' online loyalty through both Trust and Satisfaction. In contrast, Social Technology related innovation affects website viewers' online loyalty only through Trust. Further, none of those mentioned above innovations has a direct relationship with the website viewers' online loyalty. This paper explains the loyalty pattern of social media and blogging website users following the changes in services provided by organizations in their websites, which is explicitly mediated through online relationship quality factors. From a managerial perspective, the study does only provides the vital information on user's behaviour in relationship to the innovations in services introduced by organizations in their websites but also reveals that it can help them to minimize their cost and maximize their profits through value creation to the target audience. This paper is first of its kind to investigate the relationship between different dimensions of blog service innovations and website viewers' online loyalty mediated through two dimensions of online relationship quality. Although different studies focused on the enhancement of online loyalty factors through trust and satisfaction, no study was afforded to the blog service innovation perspective which includes innovations related to System operations, Social technology and Diversification especially in the context of social media and blogging website users. [ABSTRACT FROM AUTHOR]

This research summarizes the arguments and counterarguments within the scientific discussion on the issue of potential tax evasions and increased rental rates that one of innovative home-sharing platforms might causes. The study aims to find possible tax evasion that each property and each host can cause by considering creative activities in tourism marketing and a sharing economy platform, Airbnb in Prague. Besides, the authors identified the potential problems in the rental accommodation market. Systematization literary sources and approaches for solving the problem of sharing economy platforms indicate that although these platforms benefit for some economic, social and environmental issues, they pose some troubles in various markets. Regarding methodological tools of the research method, this paper used a web scraping technique to gain data from the Airbnb website. The authors analysed 13918 accommodations that were rented by 6768 Airbnb users between April 2016 and March 2017. In the study, the authors used the Microsoft Excel 2016 program and a model created by researchers to make calculations. The paper presented the results of an empirical analysis showing that in case the sensitive regulation of the number of nights will apply the potential tax incomes will lower only on 0.98% when considering accommodations and on 6.40% when considering users. In this case, 16832 rental units will appear in the long-term housing market. Moreover, tax evasion becomes more when considering each dwelling instead of each host because some users rented more than one rental accommodation. The research also empirically confirms and theoretically proves that that extended limits for overnight stays yield benefits for costs, supply and demand of rental housing. Those findings can be useful for governments, academicians that are interested in tourism marketing, firms in the accommodation industry that look for new marketing innovations and short or long-term housing market participants such as lessor and lessees. [ABSTRACT FROM AUTHOR]

This empirical study aims to present a real case study in the form of drafting an effective communication strategy to implement the new digital waste management application, SOWA, for B2B customers. In the Czech Republic (and elsewhere) businesses still do not accept that if they do not start working systematically with their waste, they will not have anything to produce in the future. They will not have space for their production and priority business areas. Moreover, in the rules of the new green policy, this area would become more expensive soon. However, the management of companies does not often realize the importance of innovations in this area of social, economic, and environmental reality. To effectively appeal to businesses often fighting to survive only by their social responsibility may not be a sufficiently strong argument in the current climate. At the same time, companies engaging in waste management solve the problem of how to improve their competitiveness, strengthening their position in this very competitive market. These companies thus face a major decision to introduce new digital technologies and their applications and to persuade the customers in the B2B market that these innovations represent maximum time savings and automated service for their businesses. Therefore, these companies ask themselves which marketing communication tools to use and which target groups will effectively convince them that the digitization project would benefit them. In terms of communication, the B2B market has several specifics alongside it compared to a larger, more widespread B2C market in marketing communication theory. These differences are essential in terms of the effectiveness of addressing recipients. The new communication strategy's draft rests on the authors' research, which mostly concerns the different target groups of B2B customers. The literature review characterizes the state of current knowledge of the issue of modern waste management and the necessary theoretical base in the specific field of B2B communication. This paper provides the necessary data and information which form the starting point of the communication strategy for one of the fundamental innovations in the field of waste management regarding the introduction and rollout of the new multifunctional application in the Czech Republic. Further rollout of this innovation to other central European countries is considered and subject to serious reflection. [ABSTRACT FROM AUTHOR]

Copyright of Marketing & Management of Innovations / Marketing ì Menedžment Ìnnovacìj is the property of Sumy State University, Department of Marketing & Management of Innovative Activity and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Although companies in Slovakia achieve value in the use of design at the level of the European Union average, the lack of knowledge and information about the possibilities and potential benefits of design hinders the effective use of design as a key factor in successful innovation. Good design does not just happen by chance. It is usually the result of a well-managed process. Design management is becoming necessary because it allows the company to reflect the market's needs better and adapt to customers. When design management is part of a company's management processes, the design would significantly impact the company's economic performance and help ensure a competitive advantage in the market. Lack of design management skills is a major obstacle to the wider deployment and integration of design into companies. The paper aims to verify the impact of the achieved level of design management skills on the use of design in product innovation. Through a survey of Slovak companies in selected industries, the authors identified the attitude of companies to the use of design in product innovation. The authors used statistical methods to analyse the level of skills achieved in individual areas of design management. They identified the impact of the level of skills on the design use rate in innovation. This study includes factor and regression analysis methods. The design management skills assessment survey confirms the relationship and correlation between the level of design management skills and the intensity of the use of design in product innovation. The ability to engage others has emerged as the weakest in the design management skills assessment survey. Involving customers and suppliers and creating interdisciplinary teams could bring the company effective use of design in product innovation and thus achieve a significant and sustainable competitive advantage. According to the confirmed results, companies' training to gain the necessary skills in individual areas of design management should increase the level of mastery of these skills and consequently support the use of design in product innovations. [ABSTRACT FROM AUTHOR]

Competitiveness and innovation are critical elements for enhancing and developing successful and mutually beneficial foreign trade. This paper deals with the concept of competitiveness at the sectoral level, narrowing it down to agriculture and food production. It focuses on the apple market and compares the competitiveness in this sector from 2004 to 2020. Specifically, the research concentrates on the case of apple trading between Czechia and Slovakia just after both countries joined the EU in 2004. It becomes clear that the ability to compete in international and domestic markets depends on comparative advantages. Therefore, the business data is used to better understand comparative advantages by using business-based measures of competitiveness for the agri-food sector in Slovakia. The data used in this article originate from the Statistical Office of the European Communities (Eurostat). This research aims to identify changes in the foreign trade of apples (080810) in Slovakia and Czechia for the last sixteen years. The agricultural trade development after the accession of Slovakia and Czechia to the EU could show positive and negative trends. Both for Slovakia and Czechia, the production of apples does not cover consumption. Therefore, importing this commodity to both countries is necessary, and the benefits from foreign trade are desirable. The study findings showed that both countries do not achieve a comparative advantage in the apple trade. Therefore, more innovations might be required to enhance competitiveness and saturate both countries' markets with apples. Relevant stakeholders and policy-makers should take the required steps to improve the situation and enhance competitiveness in this market to increase the outcomes and benefits for both countries. [ABSTRACT FROM AUTHOR]

Agriculture plays an important role in our daily lives and that is why the agroindustry is seen as an engine in determining the social, political and economic development of the country. Therefore, this paper seeks to examine innovation as a mediating of the relationship between internal and external environment on agribusiness performance that is operating in Osun State Nigeria. The main purpose of the paper is to find out if innovation mediates between the internal and external environment. The specific objective of this study is to find out if competitive intensity and technology have an effect on agribusiness performance. The study makes a significant contribution by adding a mediating variable to the two-independent variable. The study used competitive intensity as a variable of internal environment and technology as a variable for the external environment. The study looks at four sub-activities of agribusiness in Osun State which are crop production, livestock, forestry and fishing. The study uses knowledgebased theory as a suitable theory that links the independent variable to the dependent variable. The study looks at the direct relationship of the independent variable to the dependent variable as well as the indirect relationship this time adding the mediating variable. The study retrieves data from owners/managers of the business. The study makes used of questionnaires using stratified sampling. 80 questionnaires were distributed to owners/managers of agribusiness in Osun State out of which, 72 questionnaires were retrieved from owners/managers of the agribusiness. Data were analysed using structural equation modelling processed on smartpl3. The findings show that the intensity of the competition has a negative and insignificant effect on the productivity of the agribusiness, while technology has a positive and significant impact on the productivity of the agribusiness. The research also establishes that innovation is an intermediary between technology and agribusiness performance, while innovation does not mediate between the competitive intensity and the performance of agribusiness. The study concludes that innovation only mediates the interconnection between the external environment and the performance of agribusiness. Therefore, the research recommended that managers/owners of the agribusiness pay less attention to the internal environment, since this has no influence on productivity, while a lot of attention has to be paid to the external environment. [ABSTRACT FROM AUTHOR]

Given the complexity of the global epidemiological situation, the struggle for the competitiveness of national economies is exacerbated. For Ukraine, whose economy has now taken the form of deindustrialization, the intensification of innovation is a necessary, extremely important condition for its further development. It was previously thought that the socio-economic development and growth of countries depended mainly on their capital and labor resources, while other lesstangible resources, such as information, training, infrastructure development were treated as external factors influencing market behavior only indirectly. However, overtime, the idea that knowledge management is a determining factor in productivity in both modern and traditional economies is becoming increasingly entrenched. The paper proposes results of the research of Ukraine’s positioning in the global innovation space. It also determines the necessity of priority development of the innovative sphere of the country against the backdrop of crisis phenomena and assesses the position of Ukraine in the Indices characterizing the level of development of the innovative component of the competitiveness of the country’s economy. It underlines the insufficient level of innovation infrastructure development in the country. The authors consider that the basis of Ukrainian innovative competitiveness is the development of institutions, infrastructure and business. These areas need special state support, as their effective implementation is the main competitive advantage of Ukraine. The research was conducted according to the Global Innovation Index sub-indices on the horizon of 2013—2021. Econometric methods are used to generalize the positioning of Ukraine in the global innovation space and the DEA method to study the relative individual effectiveness of the innovation environment and innovation activities in Europe. [ABSTRACT FROM AUTHOR]

This paper summarizes the arguments and counterarguments on attitude toward podcasts as an innovative marketing channel based on the experience of Estonian marketers. Podcasts as a marketing channel are known globally. Literature sources and approaches addressed to this topic indicate that podcast advertising is becoming increasingly popular due to the growing number of listeners, both in the USA and Europa. Although Estonia is known for introducing innovative solutions, the use of podcasts as a marketing channel is relatively modest. The survey aimed to find out the attitude of Estonian marketers to podcasts as a possible marketing channel to define how to improve the profitability of podcasts' ads. The study fills the gap in this research area. Furthermore, based on the study's results, suggestions for increasing the profits of podcasts for a particular Estonian Media Company were made. The suggestions are also helpful to other companies in the podcast advertising business, especially those just starting or acting in small markets like the Estonian-speaking market. The qualitative and quantitative research methods (a structured questionnaire and interviews) were used. Interviews were conducted with two experts of the media channel. The interviews were analysed, and problems referred to were further studied quantitatively using questionnaires. The electronic survey with 25 questions was conducted amongst marketers of various companies. The survey results showed that 42% of Estonian marketers consider podcasts a suitable marketing channel. Nevertheless, in the study authors highlighted the weaknesses: the listeners' numbers and profiles lacked information and little information about advertising effectiveness. Marketers also considered their knowledge about podcast advertising opportunities insufficient. For making podcasts more profitable, it is necessary to increase podcasts' visibility, raise clients' awareness about advertising opportunities of podcasts, share podcasts' success stories, and introduce ways of measuring the effectiveness of the podcast ads. [ABSTRACT FROM AUTHOR]

This paper summarizes the arguments within the scientific discussion on the investigation of human resource management of willingness and ability of long-term care insurance. The main purpose of the research is to investigate human resource management of willingness and ability of long-term care insurance considering the innovative international experience and the case of Henan province in China. Systematization literary sources and approaches for solving how the person could be motivated to use long-term care insurance indicate that this goal could be reached by issuing questionnaires. The relevance of the decision of this scientific problem is that the demand for long-term care insurance, domestic and foreign scholars mainly use questionnaire survey to conduct quantitative and qualitative research. Investigation of the proposed topic in the paper is carried out in the following logical sequence: the method of expert analysis allowed forming the survey of long-term care insurance. The research's theoretical and methodological basics are general scientific and special methods of certain economic phenomena and processes' cognition. The dialectical method was used to synthesize theoretical and methodological foundations of human resource management of willingness and ability of long-term care insurance foreign countries and China and formulate conclusions. Methodological tools of the research methods were respondents from January 20, 2020, until the end of March 31, 2020. The paper presents the results of the empirical analysis that the proportion of those willing to participate in the long-term care insurance system with an income of «less than 2,000 yuan» is 65.4%; the proportion of those willing to participate in the long-term care insurance system with an income of «2000-4000 yuan» is 69.0%, and the proportion of those willing to participate in the long-term care insurance system with an income of «4000-6000 yuan» is 74.1%. The regression analysis as the statistical method was used to determine whether and to what extent dependent and independent variables are significant. The research empirically confirms and theoretically proves that the factors of the insurance awareness model and the regression of Q24 «are you willing to participate in the long-term care insurance system» are not significant, indicating that the insurance awareness factor is not an influential factor for the old-age care insurance demand. Therefore, the original hypothesis was denied, and the insurance consciousness model factors became not significantly related to the willingness of demand for long-term care insurance. The research results could be useful for those who have a deal with responsible staff, but for this reason, some indicators could influence his behavior. Summing up the results of the held scientific research it could be done the following recommendations. First of all, strengthening publicity and standardize management of long-term care insurance system. Secondly, that should be accelerated the development of the nursing industry with aging, chronic diseases, and other increasingly serious, China's medical resources are very scarce, especially in the nursing industry. Thirdly, it would be progressive if China absorbed the foreign long-term care insurance experience. Fourthly, it should be improved the design of long-term care insurance and increased the types of insurance products. [ABSTRACT FROM AUTHOR]

The intellectual capital is a catalysator of the country's economic growth. The developed countries try to develop attractive conditions for highly qualified migrants to diffuse the knowledge and innovations. The authors provided the bibliometric analysis of the papers, which focused on the analysis of the migrant issues was done. For the bibliometric analysis, the metadata of 2 500 papers was selected from Scopus. The results showed that the numbers of Scopus documents on the allocated theme have increased for 2015 year. The most powerful investigations were provided by scientists from the USA, Canada, France, United Kingdom. The bibliometric analysis findings confirmed that the scientists allocated a vast range of the determinants that could stimulate or restrict the migrants in the country. Thus, the governance efficiency had the mediation role between the migration and innovation development of the country. In this case, the paper aims to check the hypothesis that the increasing (decreasing) level of country innovation development and government efficiency from year t - 1 to year t positively (negatively) affects net migration in year t + 1. The panel data for 2011-2018 was generated from IndexMundi, EU Data Portal, WorldBank. The object of the investigation was Bulgaria, Croatia, Lithuania, Latvia, Poland, Romania. The dependent variables - net migration rate, the independent variables - World Government Indicators: Control of Corruption, Government Effectiveness, Political Stability, Rule of Law, Regulatory Quality, Voice and Accountability (for assessment of government efficiency), Innovation Index (for assessment of country's innovation development). In the paper, to check the hypothesis, the authors used the Fully Modified Ordinary Least Square for homogeneous and heterogeneous models. The findings confirmed that innovation development and governance efficiency (Political Stability and Absence of Violence/Terrorism, Regulatory Quality, Voice and Accountability) had a statistically significant impact on the migration rate. The findings could be used to identify the strategic goals of innovation development to overcome the demographic issues and support the migration of the high qualified workforces. [ABSTRACT FROM AUTHOR]

This paper deals with crowdfunding as a new innovative form of financing projects that implement innovations focusing on a modern, up-to-date phenomenon in the field of innovation projects. Literary sources and approaches systematization for solving crowdfunding issues indicates that crowdfunding could be understood as a new, popular and innovative way of financing innovative projects around the world. It spread in developed countries in 2008 in response to the financial crisis. Besides, the rapid expansion of the Internet and mobile Internet access provoked its expansion in developing countries. The authors described crowdfunding as a current way of financing representing an individual form of innovative projects financing. Investigation of crowdfunding is based on cluster analysis of variables such as the funds' amount collected by crowdfunding, the number of crowdfunding contributors and the average amount of contributions of individual contributors to crowdfunding. The research objects are EU-28 countries. The output of the process of object distances clustering was displayed in the form of a dendrogram. It demonstrated the graphical grouping of related objects into clusters. The interpretation of the whole analysis and its further application depends on choosing the right number level of resulting clusters. The cluster analysis findings identified four clusters of objects set on several relatively homogeneous subsets of clusters. Objects belonging to the same cluster were similar, while objects originating from different clusters - dissimilar. The authors noted that despite the innovativeness and trendiness of crowdfunding, the analysis results point to its diverse position in the EU countries. Besides, it was confirmed by the results of the applied analysis. Presented clusters point to the different number of contributors and the average value of funds spent on innovation through crowdfunding at various average contributions from one contributor. Therefore, the countries successfully applying this innovative way of innovative projects financing were the United Kingdom, France and Germany, and EU countries that realized this way of financing to a lesser extent. [ABSTRACT FROM AUTHOR]

Copyright of Marketing & Management of Innovations / Marketing ì Menedžment Ìnnovacìj is the property of Sumy State University, Department of Marketing & Management of Innovative Activity and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The paper investigates the role of knowledge management and safety compliance in OECD economies and applies some recommendations for the Jordan industrial sector. This study reveals the main problems with safety compliance which are resulted in fatal and non-fatal occupational injuries. The main purpose is to determine the innovation and economic factors that influence safety compliance to provide a relevant recommendation for improving the situation. The research object is chosen as countries because they present generalized information on safety compliance and provide an opportunity to develop some policy recommendations. In the frame of the paper investigation of the knowledge management and safety compliance was carried out in the following logical sequence: first, it provides the relevant literature review, then it discusses methodology and data description, and at last, it presents empirical results with policy recommendation and conclusions. There was collected a panel data for 29 OECD economies on such indicators as fatal and non-fatal occupational injuries per 100 000 workers, wealth, energy efficiency indicators, gross fixed capital formation, patent applications, high-technology exports and manufacturing value-added. Methodological tools of the research were the random effect estimations in Stata for the latest available data 2010-2015. The obtained results showed that the increase in GDP per capita in selected OECD economies reduces the fatal occupational injuries per 100 000 workers. Thus, an increase in GDP per capita by 1000 USD lead to decrease in fatal occupational injuries per 100000 workers by 0,039. Also, an increase in GDP per capita by 1000 USD leads to an increase in non-fatal occupational injuries per 100000 workers by 7,8. The other important innovation variables are high technological export and patent application by residents, which reduce the level of non-fatal occupational injuries. Systematization of literary sources and approaches for solving the problem of safety compliance indicates that both economic and innovation parameters have to be addressed to reduce the fatal and non-fatal occupational injuries. The results of this research can be useful for policy-makers who are responsible for knowledge management and safety compliance. [ABSTRACT FROM AUTHOR]

The paper deals with the analysis of the approaches in defining the main research directions in the field of leasing of innovations and innovations in leasing. Developing the Internet and expansion of mobile Internet, the advent of the Internet of Devices, Fintech, Insurtech and development of sharing economy provokes many debates about the future of innovation within the asset finance and innovation in the leasing of assets. This paper aimed to determine the scientific publication tendencies in the field investigating the issues on leasing of innovations and innovations in leasing to identifying prospective research areas. The methodological instruments of this paper are bibliographic tool VOSviewer, Scopus and Web of Science (WoS) databases. The study sample is 2513 scientific documents, published in the scientific journals indexed by Scopus (1915 documents) and WoS (598 documents) databases. The study has no limit time sample. The obtained results by Scopus and WoS tools showed the growing publication tendencies on the investigated issues. Besides, the number of papers in Scopus database had a growing tendency with a variable rate. There is a significant increase in the number of papers that occurred from 2000 to 2010. In turn, the number of paper in journals indexed by WoS had been regular rising during the analyzed period with a growth rate of 19,9%. Thus, this database shows a considerable growth of publications from 2010 to 2019. In 2019 the number of articles in the field of leasing of innovations and innovations in leasing increased by 412% compared to 2010. Therefore, the investigated issues remain popular in investigations of the great string of the scientists. In the Scopus database, mostly the issues on leasing of innovations and innovations in leasing were investigated under the subject area as follows: Medicine, Engineering, Social Sciences, Environmental Science, Business, Management and Accounting, Computer Science. The author noted that the most significant part of the scientists which analyzed the leasing of the innovations and innovations in leasing was from the USA, China, United Kingdom and Germany. Herewith, in 2019, the number of papers devoted to investigated issues enhanced in scientific journals with high impact factors such as Land Use Policy, European Journal of Operational Research, Ecology and Society. Therefore, it indicates that investigated issues are actually in the trends of sharing economy. The obtained results by VOSviewer analysis allowed identifying six clusters of the scientific publications scrutinized the leasing of the innovations and innovations in leasing from different perspectives. It worth to mention that three out of six clusters have a close connection. The first biggest cluster links the keywords as follows: sustainable development, environmental impact, environmental protection, energy policy, land use, land management, fishery management, laws and legislation, risk assessment, etc. In turn, the second cluster indicated on the investigations in the sphere of information system and software in leasing. Three clusters (the third, fourth and fifth) are connected by the words «leasing - legal aspect - health care/medical practice management - hospital equipment/hospital information system», etc. The keywords such as financial management, taxes, capital financing, leasing - property, capital expenditure, accounting, legal aspect, management and tax connected them with the sixth cluster. [ABSTRACT FROM AUTHOR]

In the last decades, the word 'innovation' can be heard more and more on the entrepreneurial side. It has a crucial role in satisfying the customers, competition with other companies, and increasing the turnover of the enterprises. SMEs economic performance is directly affecting the national budget. Still, there is not a precise method of assessing and improving the innovation process at neither firm nor national level. The paper aims to analyse the current innovative performance of Moldovan SMEs. The analysis will explore factors affecting enterprise innovation. It will determine how the existing innovation ecosystem affects the one in an enterprise, and what methods should be applied to improve innovation as well as the ecosystem. To gain insight, the study conducted an email survey of 150 companies, which were the object for research in the Republic of Moldova. The primary purpose of the study is to emphasise the importance of innovation issues related to increasing SMEs competitiveness, in connection with presenting the theoretical aspects in the field, proving basic concepts and quantifying them in the study of innovation as well as various forms, types and factors influencing innovative organisations. The objective of these enterprise questionnaires is to accumulate substantial and reliable information that is significant to responding to the fundamental research questions. Methodological tools of the research methods were the tools for statistical analysis based on using primary data from the questionnaire research. The reference period for statistical research was 2013 and 2017. The author collected the data between August and September 2018 based on questionnaires filled in on paper or sent through the email by the enterprises included in the research. The results of the study provide the following insights: product innovation is the primary innovation type among Moldovan SMEs; the country lacks financial resources for innovation support. Also, Moldova's weak innovation ecosystem and lack of highly qualified workers slow down the development of enterprises. At the end of the thesis, the several recommendations for enterprise managers as well as high-level government organisations were provided. [ABSTRACT FROM AUTHOR]

The purpose of this research is to identify the role of innovations in overcoming the problems arising out of activities within insurance companies. Against the background of fluctuating marketing environment and high level of business risks, the staff of insurance companies is in high demand of scientifically substantiated recommendations on the very innovations which could bring business processes to more increased efficiency level. The research of innovative activities within insurance companies in this paper is done using the following logical sequence: the place of innovations in the deployment of 4 Industrial Revolutions and their role in the modern insurance business (within Ukraine and abroad) about its fundamental and subsidiary business processes is displayed; common problems of national insurance companies and selected risk factors varying in terms of customer market (B2B or B2C), experience and foreign capital participation are described; the most practical innovative solutions for mitigation of identified risks in activities within insurance companies are suggested. The research presents the results of the sample survey of 52 insurance companies. The survey focused on hypotheses relating to as follows: threats to the business environment of insurance companies; directions for employment of innovations to develop insurance companies' business; differences in assessment of threats to business environment; differences in opportunities and directions of innovations. IBM SPSS 20 software was used for processing of the data obtained. The following research methods were used to analyse the data: frequency distribution of variables, cross-tabulation and nonparametric tests of variables. The research confirms that from 51.5 to 77% of Ukrainian insurance companies are faced with some difficulties in their performance. The risk factors being the most relevant for insurance companies are low paying capacity of customers at the insurance market (1st place), high competition (2nd place), imperfect legislation (3rd place). The research identified the following significant problems associated with company internal environment: lacking a definite strategic business development plan (1st place), problems involving qualified staff (2nd place) and problems with the interaction of structural units (3rd place). The research empirically lends support to specific directions of putting into practice and nature of innovations necessary for countering specific threats in their activities. Research findings can be of some practical value for improved efficiency of business processes both for Ukrainian and foreign insurance companies operating under the conditions of ever-changing factors of the business environment. [ABSTRACT FROM AUTHOR]

Agriculture has a significant economic position in each country, either historically or in terms of importance. Without the products of agriculture, there could be no life. That's the reason to analyze this industry. This industry is now, in the current global world, affected by new trends and new competition on the market. New management, innovations, and other challenges that occurred in this sector. It must face new threats. Primarily, significant changes in the global world environment significantly affect this sector. Firstly, through the volume of crop production, respectively, non-production due to substantial climate changes. Secondly, due to stricter market conditions and its current regulation. Changes in these areas have a significant impact not only on the development in the agricultural sector itself but also on the development of the economy as a whole. Today, competitiveness plays a significant role in the world, as well as in agriculture. This paper summarizes the findings from the area of agriculture, nowadays trends in this sector, innovations. It analyses the competitiveness in this sector, which is characterized by its specific features. Then it summarizes the findings and central thesis about Common Agricultural Policy and its instruments. Another part of this article is dedicated to an important topic - innovation in agriculture. Agricultural innovation is seen as a co-evolutionary process because it combined technological, social, economic, and institutional changes. The main aim of the article is to identify the impact of agriculture on the economic development of the Slovak Republic economy and to show the possibilities for innovation implementing into this sector. The selected indicators will analyze the description of the position of this sector in the past and today. The typical indicators for the agricultural sector were set. Methodological tools of the research methods were analyzing statistical purposes as a regression model, and p-value. Through a regression model, we would like to know what is the dependence of crop and livestock productions on the GDP of agriculture. Finally, improvements to the current state will be suggested. To gain the representative data, more than 20 years of research were set. The object of study is the Slovak republic. The position of agriculture within this country was identified. The article shows the results of the verification of dependencies between indicators in the agricultural sector, which showed that statistical significance is assumed, which, of course, is confirmed both in crop and livestock production. The systematization of domestic and foreign scientific studies and approaches to answering problems in the management of agricultural innovations and the low share of agriculture on GDP makes it possible to create suggestions for the innovative solutions in agriculture in Slovakia. [ABSTRACT FROM AUTHOR]

Copyright of Financial & Credit Activity: Problems of Theory & Practice is the property of University of Banking of the National Bank of Ukraine and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Financial & Credit Activity: Problems of Theory & Practice is the property of University of Banking of the National Bank of Ukraine and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper summarizes the arguments and counterarguments within the scientific discussion on the issue of service quality measurement. The main purpose of the research is to bring innovation in the operationalization conceptualization of service quality dimensions to suit the Nigerian healthcare environment. Empirical studies and extant literature show intentions from the classical five-level SERVQUAL-model. The systematization of literary sources and approaches to solving the problems of service quality measurement show a significant deviation from the pioneer five-construct SERVQUAL model. The relevance of solving this scientific problem is to bring novelty to the existing models to suit the differing service environment. The problem considered in the article was solved by developing a new construct that forms part of the service quality dimension. The study empirically confirms the use of six-construct SERVQUAL model that is structured to measure service quality in the Nigerian healthcare sector. In the first part of the article, the conceptual overview of service quality and its dimensions were analysed with a critical review of recent and previous research on service quality. Based on the results of the empirical results, a new dimension was hypothesized. The second part deals with the gap in the literature and conceptual framework. The third part of the article describes the material and method that describes the respondents and instrument adopted in the validity of the new investigated dimension. Finally, the result of the factor analysis shows the significant service quality statements that validate explanation as a reliable dimension of service quality in healthcare. A 10-item questionnaire and service statements to test the validity of explanation was administered to respondents who are the outpatients of the eight hospitals sampled in the province of Umuahia and Aba metropolis. [ABSTRACT FROM AUTHOR]

Copyright of Marketing & Management of Innovations / Marketing ì Menedžment Ìnnovacìj is the property of Sumy State University, Department of Marketing & Management of Innovative Activity and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Skhid is the property of Ukrainian Center for Cultural Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The paper's main objective is to investigate the differences in competitiveness among the EU member states. Each nation's competitiveness is determined by its government's management capabilities on the national, regional and local levels and thus poses substantial implications to economic growth. For this purpose, hierarchical clustering as the primary method of investigation was selected. The data mining process was based on extracting GCI score data about individual member states. Based on the GCI score evaluation, the cluster analysis showed two groups of EU member states, according to the 'traditional' division of old member states (OMS) and new member states (NMS). Results showed a statistically significant gap in GCI scores between the OMS and NMS. Furthermore, the within-class variability in the OMS cluster appears to be higher than in the NMS cluster, which underlines growing disparities among old member states. Most significant differences among both groups prevail in the field of institutions, ICT adoption, business dynamism and innovation. Finally, the link between achieved GCI score and average economic growth has been investigated. Contrary to expectations, more developed member states (OMS) showed, on average, relatively lower economic growth rates over the investigated period than the less developed member states (NMS). The results showed a moderately negative link between the GCI score and economic growth, which suggests that a higher GCI score does not mean achieving higher economic growth, whereas member states with lower total GCI scores could outpace the higher ones in terms of economic growth. In many aspects, the EU still resembles two rails in Europe, and a significant gap between OMS and NMS prevails. Relatively higher economic growth of NMS might help reduce the gap over time. However, it may prove a short-sighted, and significant lags in many crucial factors will stiff the competitiveness in the long term. [ABSTRACT FROM AUTHOR]

Business dynamics have undergone a remarkable transformation in recent years, primarily driven by the digital revolution. Micro, Small, and Medium Enterprises (MSMEs) are recognized as the cornerstone of economic growth and development, and their adaptability to this digital era is paramount. This empirical investigation explores the complex relationship between entrepreneurs' awareness, perceptions, and intentions and their influence on the adoption of digitalization, with a focus on the digital initiatives of the Small Industries Development Bank of India (SIDBI), which aims to transform MSMEs digitally. Various constructs, such as entrepreneurs' awareness, perceptions, and intentions, are used to evaluate digital adoption in small businesses. By examining entrepreneurs' levels of awareness, perceptions, and intentions, we aim to uncover the fundamental factors that shape their strategic choices regarding digital adoption. This study employs structural equation Modeling (SEM) through AMOS and adopts an explanatory survey method. It involved engaging Indian MSMEs with a total of 300 participants. Of these, 220 successfully submitted fully filled-out questionnaires through Google Forms. It is noteworthy that the examination of the research model revealed promising results by meeting the thresholds of CFI, RMSEA, and other similar measures. Findings reveal that entrepreneurs' awareness and intention positively influence digital adoption in MSMEs, whereas entrepreneurs' perception has no significant influence on digital adoption in MSMEs. This study has significant practical implications for policy formulation, entrepreneurial decision-making, collaborative efforts, risk mitigation, and future research directions in the context of digitalization within the MSME sector. [ABSTRACT FROM AUTHOR]

Progress towards sustainable development is the priority for countries all over the globe. Understanding the essence of sustainable development is a basis for conducting research and practical actions. The aim of the article is to find out the global determinants of sustainable development in the context of digital transformation. The era of digital technologies creates new approaches to solving available issues and challenges. New normality requires defining global determinants of sustainable development and creating new tools for achieving its goals. The study has provided empirical evidence and proved that ICT is one of the important drivers of sustainable development. The conducted analysis shows that there is a direct impact of ICT development and digitisation on achieving SDG 9 "Industry, Innovations and Infrastructure”. The indirect impact of digitalisation on the SDGs is analysed. It is proved that the implementation of digital technologies in business processes and digitalisation of non-IT sectors of the economy will contribute to the comprehensive implementation of a number of SDGs, such as SDGs 3, 4, 8, 9, 11, 12, and will give impetus to the achievement of other goals, which will generally have a synergistic effect. Benchmarking of practices used by well-developed countries enabled the identification of a number of priority areas related to the digitisation of the economy, namely, the development of digital skills among the population for entrepreneurial activities, state support for the digitalisation of business, especially SMEs, promotion of e-commerce, electronic payments. This study makes multiple contributions namely to academic debate on the influence of digitisation on sustainable development, demonstrates the interrelations between SDGs and highlights evidence on the global determinants of sustainable development. Conducted research outlines 4 groups of factors to enhance achieving SDGs in terms of digital transformation: 1) network coverage; 2) the number of Internet users; 3) affordability of access to the Internet; 4) digital literacy. [ABSTRACT FROM AUTHOR]

The national defence industry concentrates on military, electronic, information and space technologies. In the near future, Ukraine's defence industry may become one of the most knowledge-intensive industrial sectors of the economy. Accordingly, the purpose of the study is to assess the capacity of Ukrainian defence enterprises to produce weapons and military equipment to ensure national security. The research aims not only to assess the problems of the defence industry under martial law but also to ensure the effective development of the defence industry sectors by identifying priority areas of funding. It was found that the current state of the Ukrainian defence industry does not meet the current realities of the time, especially in the context of Russia's full-scale invasion of Ukraine. The provision of equipment and weapons to military units is at a low level. It is found that the renewal of modern models of weapons and military equipment of the Armed Forces of Ukraine, before the full-scale invasion, was less than 1%, which in turn did not allow to compensate for the rate of ageing of existing weapons. The authors suggest ways to support the development of Ukraine's defence industry, in particular, through the creation of a Defence Industry Development Fund. The authors propose to create a Defence Industry Development Fund using public and private sources of funding not prohibited by the legislative framework of Ukraine, which will expand the capabilities of defence industry enterprises to produce weapons and military equipment. The creation of a system of multi-level continuous education in the defence industry and long-term conditions for the sustainable development of the defence industry's human resources will allow to engage in capacity building and reach a new level of support for the Armed Forces of Ukraine through the implementation of NATO standards [ABSTRACT FROM AUTHOR]

The purpose of this study was to investigate the role of utilising the work of agro-industrial companies in the sustainable development of Azerbaijan. Thus, the study assessed the essence of the concept of Environmental, Social, and Governance, and its role for the state and enterprises. It was concluded that in recent years, more and more attention has been paid to this kind of principles in the corporate world, as companies realise the importance of solving environmental and social problems to attract investors and develop sustainable practices. This is also consistent with the concept of corporate social responsibility, which emphasises the ethical obligations of business to society. The analysis of investment flows in such companies in the agricultural sector has shown that they can significantly expand the scope of their activities and accelerate the introduction of sustainable agriculture methods around the world. It was concluded that, given the benefits that investments in these companies bring to the country, it is important to include programmes aimed at increasing the investment attractiveness of such companies in the framework of national policy. In addition, targeted government support for such companies is effective. All this remains especially relevant in the realities of Azerbaijan, as a country with a transitional economy with a fairly high role for the agricultural sector (at least within the framework of food security), and the need for economic diversification. The results obtained in the framework of the study can be used to formulate a long-term development strategy for Azerbaijan in the context of combating climate change in the agro-industrial sector. [ABSTRACT FROM AUTHOR]

It is indicated that each state must ensure fair competition in its market in order to support economic growth. This provision is also relevant for the European Union, within which the primary importance is to ensure free competition for the further development of a single system of circulation of goods, works and services, promotion of innovation and creativity, job creation and increased competitiveness, as all this is necessary for the EU to compete in global economy. This article provides a general analysis of the correlation and interaction between the provisions of intellectual property law and the provisions of competition law in the European Union (EU). In particular, the author examines the peculiarities of legal regulation of economic competition and intellectual property protection at the EU level, the state of compliance with EU competition law in the process of exercising and protecting intellectual property rights, and the role of court decisions in determining the balance between intellectual property protection and competition law requirements. The author emphasises that despite different objectives, competition law and intellectual property law have a common basis and therefore actively interact, i.e. these two systems are synergistic. The author analyses possible options for the relationship between protection against unfair competition and intellectual property laws, including the means that would reduce the often existing «tension» between them. Due to the need for a common regulatory framework to ensure that laws are in line with dynamic trade practices, the EU's unfair competition laws are mostly flexible and general in nature. The author identifies the measures currently being taken by the EU to optimise the rules in this area. The author concludes that intellectual property protection, as well as effective antitrust regulation, are the most important legal mechanisms created to ensure economic growth based on the development and expanded use of innovations. The author also examines the measures currently being taken by the EU to optimize the rules in this area. It is concluded that the general trend of further development and improvement of interaction between antitrust and intellectual property legislation in the EU should be, first of all, overcoming regulatory and institutional dispersion. [ABSTRACT FROM AUTHOR]

Being a never-ending debate, the direction of developing standards has to be in the opposite direction in facilitating international trade. This study investigated the relationship of standard, patent, and labor on Indonesian import. This study found some differences and very diverse correlations between the components in the second factor, both positively and negatively correlated. Those studies are generally carried out by developed countries, where the infrastructure to support innovation and standards has developed rapidly. The analysis of this research was carried out using panel data regression and the Cobb-Douglas function. Estimation was carried out using the fix effect and the random effect models. The robust model found variables that impact Indonesian import performance, both simultaneous and partial tests. In addition, a significant impact of the contribution of national standards on the growth of import value and sectors was determined. The low growth rate of patents for the same sector shows the innovation sectors that contributed less to the import value when observed more deeply. In contrast to national standards tending to be domestic, the growth standard of a sector will be inversely proportional to the growth in the value of imports in that sector, except for sectors whose conformity assessment does not support infrastructure. Besides, this study found that labor had no significant impact on import value. However, there was a significant potential from developing national standards and adopting international standards for the growth of national import performance in Indonesia. In addition to functioning as an empirical investigation of the effect of the growth of national standards, the adoption of international standards, labor, and patents on the growth of import value, it also looks at the contribution to the knowledge of developing countries' import growth factors, especially those related to standardization. The analysis shows that national standard growth and adoption growth differently contribute to Indonesian import performance. The findings show that the two factors in standard development have different functions in import performance. This paper further contributed to the knowledge of import growth factors of a developing country, particularly those related to standardization. [ABSTRACT FROM AUTHOR]

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Copyright of Slobozhanskyi Herald of Science & Sport is the property of Kharkiv State Academy of Physical Culture and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The aim of the article. Development of regional economy potential is a sophisticated and dynamic process which depends on many external and internal factors. The increase in quantity of knowledge intensive and innovation products is considered to be one of the indicators of competitiveness and positive development of national economy. The aim of the paper is to analyze the impact of innovation activities on the environment and economic development of the national economy. Panel data analysis for 25 Ukrainian regions was used to estimate economic development - innovation relations. There was used panel data for per capita incomes, innovation expenditures, stock of fixed capital and non-renewable energy resources consumption covering the period from 2005 to 2013. There was performed a Hausman specification test and results were in favor of general least square random effect regression for data analysis. The results of the analysis. The results suggest the presence of direct links between population incomes, innovation expenditures and nonrenewable resources usage. The article states that Ecoinnovations do perform a role of fluctuations in economic systems development and may result in different unexpected effects including the growth of air pollution or increase the rate of non-renewable resources consumption. The empiric research shows that annual increase of innovation spending on ten million UAH leads to an increase in non-renewable energy resources consumption on 8.7 million tons in a region. The innovation expenditures with minimal effect do increase the missions of air pollutants. The paper states that one of the reasons of negative innovation expenditures impact on environment situation in Ukraine is due to the fact that the core of Ukrainian industrial production (before the war and social and economic crisis) was associated with mining, mechanical engineering, metallurgical and chemical products. A significant number of additional innovations in above mentioned sectors were related to environmental pollution due to the existence of rebound effects. It is underlined that any negative resource fluctuations are reflected in the memory of ecological, economic and socio-economic systems through incorporating adaptation and/or bifurcation mechanism of development. Also the increase in number of innovations by domestic enterprises is correlated with the growth of non-renewable energy resources consumption. Conclusions and perspectives of further research. The increase in innovation expenditures do statistically significantly increase with minimal absolute effect the air emissions per one square kilometer. Also the same is true for non-renewable energy resources consumption and the higher the innovation expenditures in a region the more of non-renewable energy resources is consumed. The perspectives of further research are related with more deep analysis of innovations and innovation expenditures classification, since not all innovations presented by official data are true innovations and moreover they not related to eco-innovations. In general it is eco-innovations would include new or modified process, technologies, and products which contribute to environmental sustainability and minimize damage to water, air and soil. [ABSTRACT FROM AUTHOR]

Copyright of Marketing & Management of Innovations / Marketing ì Menedžment Ìnnovacìj is the property of Sumy State University, Department of Marketing & Management of Innovative Activity and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Marketing & Management of Innovations / Marketing ì Menedžment Ìnnovacìj is the property of Sumy State University, Department of Marketing & Management of Innovative Activity and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The negative effect of income inequality on economic growth represents a topic that constitutes a broad topic of research in the standard economic theory. One of the immediate consequences of income inequality is diminished consumption. Many «poor» customers cannot provide sufficient demand for the producers, causing overproduction that might lead to an economic crisis. It constitutes a problem because sustainable economic performance needs to be achieved under the conditions of income inequality. Reducing social and economic inequality in countries is an essential step towards ensuring that no one is left behind. It is also part of the 10th Sustainable Development Goal aimed to reduce it by 2030. Inequality is based on the income distribution between the top 1% and the bottom 99% of households in any given country. The degree of inequality could play a beneficial role if it is driven by market forces and is associated with incentives to increase growth. In developing and emerging countries, greater equality and improvements in living standards are needed to enable populations to flourish. Inequality reduction is one of the most critical steps a government could take to improve the well-being of its population. The income inequality growth increases human capital in poor countries and reduces it in high and middle-income countries. In poorer countries, it increases them, but in higher -- and middle-income countries, it reduces them. Income inequality could be reduced by improving human capital and general skill levels, correcting labor-market policies, and making better use of financial services. In turn, sustainable economic growth could reverse the negative effects of inequality, reducing the need for high-wage and higher-earning households. Thus, it provides higher economic growth. This paper discusses three ways to circumvent the impact of decreasing consumption on economic growth adopted in developing economies over the last fifty years, such as increasing exports, providing loans for consumption, and printing new money. The findings showed that none of these methods seem to be sustainable in the long run. Thus novel and innovative mechanisms that would allow our economy to reduce inequality are necessary and need to be put into place. [ABSTRACT FROM AUTHOR]

The article considers the issues on banking competition interaction, the banking system's stability and efficiency. This research aims to conduct a comprehensive assessment of the banking competition that consists of structural and non-structural methods under the institutional changes' impact. The paper presents how this influences the banking system of Ukraine through its reformation in the banking competition level and how it interacts with indicators of stability and efficiency of the banks. In this study's frame, the authors applied a developed approach to the modified model of Panzar-Rosse regarding the banking activity in Ukraine after it has been rebooted and «cleansed of». The systematization of the scientific background and approaches to assessing the level of banking competition in Ukraine noted that, generally, native authors used only one of the methods to assess the level of competition in the banking industry of Ukraine. Besides, their studies focused on the pre-crisis period, when these innovations hadn't significantly affected the banks' activity changes. The importance of solving this scientific problem is identifying problems in the banking system and taking measures to eliminate them, using the comprehensive assessment of the banking competition level, considering the explanatory indicators of the banks' stability. This issue became critical after a significant reduction in the number of banking institutions in Ukraine and the change in the institutional structure of the banking system of Ukraine under the influence of financial innovations. The study into assessing the level of competition in the banking market of Ukraine is carried out in the following logical sequence: 1) considering the studies on the given subject; 2) describing the existing methods for assessing competition in the banking industry; 3) describing the proposed modified methods of the assessing the level of banking competition; 4) providing proposals regarding the improving banking competition in Ukraine. The study's period is 2015-2019. The research object is the banking system of Ukraine. The article presents an empirical analysis of the current level of competition in the banking market of Ukraine. The findings showed that the banking sector of Ukraine is characterized by monopolistic competition, which is characterized by increasing concentration in the market of the state-owned banks. The study empirically confirms and theoretically proves that some Ukrainian banks have increased their market share due to a decrease in the number of banks in recent years due to the influence of digital transformation. The results of this study could be beneficial for the use of proposed innovative approaches to assessing the level of banking competition in Ukraine in the future, for the bank owners (including small ones), also on proposals for the perspective development of neo-banks in Ukraine, in which there is a need not only for the banking system but also for the users of banking services. [ABSTRACT FROM AUTHOR]

Copyright of Marketing & Management of Innovations / Marketing ì Menedžment Ìnnovacìj is the property of Sumy State University, Department of Marketing & Management of Innovative Activity and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)