Month: December 2021

SPATIAL LINKAGE BETWEEN QUALITY OF INSTITUTION, NATURAL RESOURCES MANAGEMENT WITH GDP PER CAPITA IN D8 COUNTRIES (DURBIN MODEL IN PANEL DATA)

Farzaneh KHALILI

Assistant Professor of Economics, Islamic Azad University, Abhar Branch (Corresponding Author)

farzaneh_khalili2001@yahoo.com

Majid AFSHARIRAD

Associate Professor of Economics, Faculty of Economics, Kharazmi University, Tehran, Iran

 m.feshari@gmail.com

Abdolrahim HASHEMI DIZAJ

Assistant Professor of Management and Economics, Mohaghegh Ardabili University

a.hashemi@uma.ac.ir

Mehdi YAZDANSHENAS BAHOGHOGH

Ph.D Candidate of Economics, Islamic Azad University, Abhar Branch

nnn_yazdanshenas@yahoo.com

Abstract

Suitable economic growth has always been one of the priorities of any economic system. Meanwhile, economists have tried to achieve this goal by determining the factors affecting economic growth. At first, the main emphasis was on the physical capital and labor force, and the natural resources management. However, institutional factors, including natural resource management, emerged as a determinant of economic growth. In this regard, in this paper, the effect of institutions and management of natural economic resources on GDP per capita as a proxy for economic growth have been investigated by applying spatial regression models and Durbin model in the D8 countries during the period of 1996-2019. The empirical results of model estimation showed a positive and significant effect of natural resource management on economic growth of these countries. Moreover, the effect of physical capital, human capital, foreign investment accumulation and natural resources on economic growth is positive and significant. In addition, the effect of neighborhood and spillover impact of institutional quality on the economic growth has been confirmed in D8 countries.

Keywords: GDP Per Capita, Institutions Quality, Natural Resource Management, D8 Countries.

JEL classification: C23, O47, I25

 pp. 239-256

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SUSTAINABILITY ANALYSIS OF GREECE’S PROMOTION AS A TOURISM DESTINATION

Christos AMOIRADIS

University of Thessaly, Dept. of Bussiness Administration, Larissa, Greece

amic@uth.gr

Mariya STANKOVA

South-West University “Neofit Rilski”, Faculty of Economics, Blagoevgrad, Bulgaria

mzlstan@yahoo.com

Efstathios VELISSARIOU

University of Thessaly, Dept. of Bussiness Administration, Larissa, Greece

belissar@uth.gr

Christos Ap. LADIAS

Professor, RSI Journal

caladias@otenet.gr

Abstract

Sustainable tourist destination management is nowadays one of the competitive components of the tourism industry. Sustainable marketing advocates new mainstream marketing methods that replace conventional publicizing practices, which lead to sustainable development. It also creates an appeal to the businesses to take into consideration social and ecological limitations of conventional corporate marketing philosophy. Promoting sustainability has been considered as a core theme of destination tourism management for attaining competitive edge. Aim must be the sustainable tourism promotion of the tourism destinations. The purpose of this article is to reveal the degree to which the promotion of Greece as a tourist destination is based on sustainable principles. This is done through the analysis of sustainable promotion of 13 regions of Greece, in 2020. The main objective for the analysis of sustainable promotion is the approaching of sustainability concept through the special characteristics of sustainable promotion. The sustainability analysis will be approached quantitively. Three (3) representative variables has been used: a) the approved funds for tourism promotion, b) the tourist over-night staying and c) the tourism saturation of the area, as determined by the TALC model growth coefficients calculation. The results, which have stem from the analysis, could be a useful tool for sustainable tourism management and marketing in frame of the regional policy. They also could be the basis for the proposed strategies. This will help in the future the planners to make tourism development and promotion more sustainable.

Keywords: Tourism Marketing, Tourism Promotion, Sustainability, Sustainability Analysis

JEL classification: M31, Z330, Q56

 pp. 227-238

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DIGITALIZATION OF TERRITORIAL AND ECONOMIC SYSTEMS AT THE REGIONAL LEVEL

Vita HAVRYLIUK

Assistant, Department of Mathematical Disciplines, Informatics and Modeling, State Agrarian and Engineering University in Podilia

vita.havryliuk@politechnika.pro

Andrii HROMYK

Associate Professor, Department of Mathematical Disciplines, Informatics and Modeling, State Agrarian and Engineering University in Podilia

a.hromyk7919@nuos.pro

Ivan SEMENETS

Associate Professor, Department of Economics of Enterprise, Kamianets-Podilskyi Ivan Ohiienko National University

iv-semenets@tanu.pro

Tetiana PYLYPIUK

Associate Professor, Department of Informatics, Kamianets-Podilskyi Ivan Ohiienko National University

pylypiuk.tm@uohk.com.cn

Rostislav MOTSYK

Associate Professor, Department of Informatics, Kamianets-Podilskyi Ivan Ohiienko National University

ros-motsyk@uohk.com.cn

Anna KOSTYAKOVA

Associate Professor, Department of Accounting and Taxation, Dmytro Motornyi Tavria State Agrotechnological University

anna.kostyakova@kaiost.cn

Abstract

The article considers the features, trends and patterns of the development of digitalization of territorial and economic systems. IT technologies have been implemented in an integrated model for assessing the sectors of digitalization of territorial and economic systems, which are determined on the basis of the concept of “Industry 4.0” and aimed at increasing production and servicing public needs, increasing the competitiveness of the state. It is substantiated that the process of digitalization of the territorial economic system is formed on the basis of Internet economy (environment for introducing e-business) and “digital economy” ‒ a modern type of management, characterized by methods of resource management in production, distribution, exchange and consumption. The hierarchical structure and model of digitalization of territorial and economic systems are presented. Methodical approaches to the assessment of digitalization of territorial and economic systems are determined. Scenarios for ensuring the development of digitalization of sectors of territorial economic systems on an innovative basis are grouped. The analysis of the development of the Internet trade market in Ukraine is carried out. The volume of production (services) by types of economic activity in the field of digital territorial and economic systems is determined. The dynamics of the trend of financial results of enterprises in the field of telecommunications, computer programming, consulting and information services in Ukraine is presented. Forecast indicators of the development of digitalization of territorial and economic systems, including in the production of information and communication technologies, services and use of computer equipment have been calculated.

Keywords: digitalization, Internet trade, business entities, business processes, IT technologies

JEL classification: L24, L81, L86, M15

 pp. 209-226

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