EVALUATION OF THE HYBRID NEW KEYNESIAN PHILLIPS CURVE FOR UKRAINE

Authors: I. Fedorenko, PhD in Economics, Associate prof., ORCID ID 0000-0002-2851-6856, G. Chornous, Doctor of Sciences (Economics), Prof., ORCID ID 0000-0003-4889-1247, V. Pylypchuk Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation:  The Hybrid New Keynesian Phillips Curve (HNKPC) was developed as a response to the apparent inertia in inflation the baseline New Keynesian Phillips curve leaved unexplained. Thus, the hybrid model combines two extreme cases – the traditional Phillips curve, and the purely forward-looking NKPC. The HNKPC also based on theoretical micro-foundations that aim to explain price stickiness and nominal rigidities. The paper is devoted to econometric testing and investigation the validity of the HNKPC (Calvo pricing model) for Ukraine.

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INVESTMENT OPPORTUNITIES FOR INFRASTRUCTURE INNOVATIONS IN UKRAINE

Author: A. Stepanova, PhD in Economics, Associate рrof., ORCID ID 0000-0002-1711-7948, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation:  Industrialization and digitalization of all spheres of the economy set the pace of development. The implementation of the latest achievements in related areas of the economy contributes to the innovative development of the country and its businesses. The proposed and economically substantiated innovative project for the production of unmanned aerial vehicles (UAVs) for infrastructure purposes at the existing enterprise of Ukraine allowed demonstrating the economic feasibility of such an idea. The calculation of investment support for the implementation of an innovative infrastructure project has shown that Ukraine has prospects for the development of infrastructure innovations, taking into account global trends in the production of complex technical systems.

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DEVELOPMENT OF ENVIRONMENTAL MANAGEMENT SYSTEM AS A MEANS FOR MODERNIZING UKRAINIAN ENTERPRISES

Authors: T. Kharchenko, PhD in Economics, Associate prof. ORCID ID 0000-0003-2100-111X, J. Sagaydack, PhD in Economics, Associate prof. ORCID ID 0000-0002-4480-1585, L. Hatska, PhD in Economics, Associate prof. ORCID ID 0000-0003-1704-1768 Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation: The article reflects the author’s approach to the construction and development of environmental management systems at Ukrainian enterprises in order to modernize. This will provide an opportunity to implement the principles of the global green course and ensure a stable competitive position in the markets. The main problems of environmental pollution are considered. It is determined that the biggest polluters traditionally remain transport, industry, energy and agriculture.

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ECONOMIC ACTIVITY AND POLLUTION. A STUDY ON EUROPEAN COUNTRIES BEFORE AND AFTER COVID-19 OUTBREAK

Authors: R. A. Nerișanu, Phd. Student, ORCID ІD 0000-0002-4650-9406, Lucian Blaga University of Sibiu, Sibiu, Romania, M. P. Cristescu, Doctor of Sciences (Economic), Prof., ORCID ІD 0000-0003-3638-4379, Lucian Blaga University of Sibiu, Sibiu, Romania, M. Stoyanova, Doctor of Sciences (Economic), Prof., ORCID ІD 0000-0002-5403-2855, University of Economics – Varna, Varna, Bulgaria

Annotation:  It may be said that COVID-19 eased the nature from human pollution. Present paper may argue this perception by analyzing the connection between the economic impact before and after the COVID-19 outbreak, measured by national GDP and the level of pollution in the European countries, referring to air and water pollution. A simple linear regression model with two control variables was applied in order to obtain the results (the control variable were the number of COVID-19 cases and the austerity measures applied in the countries, in the specified period, classified by the impact over the labor productivity).

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THE IMPACT OF THE LUCAS CRITIQUE ON MACROECONOMICS: A BRAIDING OF ECONOMIC AND CYBERNETIC INSIGHTS

Authors: A. O. Moscardini, Visiting рrof., ORCID ID 0000-0003-4951-0848, Cardiff Metropolitan University, UK, K. Lawler, Рrof., CBA, ORCID ID 0000-002-3409-6755, University of Kuwait, Kuwait, T. Vlasova, Visiting Research Fellow, ORCID ID 0000-0002-5000-6756, Northumbria University, UK

Annotation: The Lucas Critique has attracted discussion since it was published in 1976. This article evaluates its impact on the epistemology of Macroeconomics. It probes deeper than an analysis on Rational Expectations into a debate on theory and practice in macroeconomics. The originality of the research concerns the convergence/divergence between the Keynes and Lucas critiques of econometrics/econometric policy. The paper updates and refines Lucas’s contribution to econometric policy evaluation framed by the Keynes – Tinbergen – Friedman – Lucas literature. The exegesis uses the expertise of the authors (one a cybernetician and one a macroeconomist) to provide a novel and stimulating platform for further debate.

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THE ECONOMIC CRISIS OF 2020 AND THE SIXTH TECHNOLOGICAL ORDER: INTERCONNECTION AND PATTERNS

Authors: O. Grishnova, Doctor of Economics, Рrof., ORCID ID 0000-0002-4178-1662, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine, I. Berezhna, Doctor of Economics, Рrof., ORCID ID 0000-0001-7174-7556, E. Mikhurinskaia, Doctor of Economics, Рrof. Fondo Bilateral para el Desarrollo en Transición Chile – Unión Europea, Santiago, Chile, A. Berezhnoy, Doctor of Economics, Supply chain manager Hunland Impex BV, Netherlands

Annotation: It is justified that the economic crisis is cyclical and is associated with a change in technological paradigm. The economic crisis is a process characterized by fluctuations in economic activity and it manifests itself in economic, social, environmental and political disruptions. In the sixth technological paradigm, economic growth ensured by the introduction of fundamentally new forms of combining tools and labor items that can ensure the maximum productivity in use of resources.

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AGILITY ACROSS COMPANY BOUNDARIES

Authors: E. Bockhaus-Odenthal, P. Siegfried, Рrof., Dr. PhD. / MBA, ORCID ID 0000-0001-6783-4518, ISM International School of Management GmbH, Frankfurt, Germany

Annotation:  Companies often rely on the Know-How of external service providers for the development of software and solutions. Modern forms of working and collaboration change the development of products and services at the same time. How do these trends influence the cooperation and collaboration between companies and their external agile service providers? The purpose of this academic work is to figure out which steps companies have to take to implement agile working and collaboration with external service providers. Therefore, a case study, including a qualitative survey, was used to find and point out which measures and actions companies have to take, to accomplish the goal of an effective implementation of an agile collaboration and cooperation.

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EUROPE IS GOING DIGITAL – A GLANCE AT THE DIGITAL COMPETENCES OF THE ROMANIAN CITIZENS

Authors: I. A. Bogoslov, PhD, Teaching аssistant ORCID ID 0000-0001-5834-8710 Lucian Blaga University of Sibiu, Sibiu, Romania M. R. Georgescu, PhD, Рrof. ORCID ID 0000-0002-7022-3715 Alexandru Ioan Cuza University of Iasi, Iasi, Romania A. E. Lungu, PhD student ORCID ID 0000-0001-5086-8789 Alexandru Ioan Cuza University of Iasi, Iasi, Romania

Annotation: The technological ascension represents one of the main phenomena encountered by today’s society, influencing almost every field of activity of the modern world. In fact, technology has become part of our daily life, whether we refer to active participation in society, learning, work, or other activities. In order to gain a favorable position compared to other states considered as global powers, the European Union is constantly striving to advance in various fields, placing special importance on the digitalization of the Member States. In addition to the technological side, the process of digitalization takes place with and through the human factor. Thus, we are concerned with the human capital and its digital competences, as their deficiency or absence can have negative effects both on the general life chances of citizens and on the digital progress of EU Member States. 
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