Industrial and Regional Policy towards Territorial Development

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: closed (15 December 2023) | Viewed by 3951

Special Issue Editor


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Guest Editor
Institute of Economics and Management, Penza State University, Penza 440039, Russia
Interests: innovation ecosystem development; educational ecosystem, economic growth; national welfare; sustainable development; regional economy; forecasting; digital economy; sustainable education; blockchain platforms

Special Issue Information

Dear Colleagues,

This Special Issue will focus on the public industrial and regional policy initiatives from a balanced and sustainable development perspective. This will help to gain a better understanding of the role of policy in achieving sustainable development goals and vice versa.

This Special Issue aims to develop a coherent vision and detailed methodology of the policy approach to support the 2030 Agenda, and to explore its implications in terms of the design and implementation of progressive economic structure, as well as specialization strategies that are consistent with that policy concept.

There is a need to understand how effective economic policy can boost innovative entrepreneurship, support “smart specialization” strategies, align it with the local human capital and market needs, increase the quality of life of local citizens and thus help to achieve sustainable development goals.

Ultimately, consideration of the above and other issues will make it possible to integrate disparate approaches to regional and industrial policy (territorial, sectoral, innovative, institutional, etc.) and contribute to the formation of a single methodological basis for balanced and sustainable territorial development.

Prof. Dr. Leyla A. Gamidullaeva
Guest Editor

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Keywords

  • economic structure
  • labor market
  • clusters
  • regional policy
  • industrial policy
  • smart specialization strategy
  • sustainable development

Published Papers (3 papers)

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Research

20 pages, 3080 KiB  
Article
Comparative Research of Internal and Border Regions: Analyzing the Differences in the Cyclical Dynamics of Industries for Industrial Policy and Territorial Development
by Galina Anatolievna Khmeleva, Valerii Konstantinovich Semenychev, Anastasiya Aleksandrovna Korobetskaya, Marina Viktorovna Kurnikova, Roman Fedorenko and Balázs István Tóth
Economies 2023, 11(3), 89; https://doi.org/10.3390/economies11030089 - 13 Mar 2023
Cited by 1 | Viewed by 1686
Abstract
The differentiation in the development of regions remains a major challenge for the working out-of-state industrial and regional policies aimed at balanced and sustainable development. In theory, regional differences between internal and border regions can be explained by differences in natural resources, and [...] Read more.
The differentiation in the development of regions remains a major challenge for the working out-of-state industrial and regional policies aimed at balanced and sustainable development. In theory, regional differences between internal and border regions can be explained by differences in natural resources, and economic and industrial potential, as well as by the existence of external boundaries. Border regions have higher risks in ensuring the geo-political sustainability of an industry. External boundaries, as well as differences in industry dynamics between regions, cycle stages, and industry trends, are often overlooked in industrial policy making, which in itself can be a factor of volatility. In this research based upon the Russian economy, we test the hypothesis that it is possible to define the industrial cycle with the help of the index of production. The analysis is based on the official Russian statistics from January 2005 to December 2021. To test the hypothesis, an original 12-step method of analysis was used, which allows such a mathematical model to be selected that will best describe the industry cycle and allows the trend to be estimated. The cyclic dynamics were assessed with the help of structural and parametric identification of modeling and the forecasting of trajectories of evolving dynamics based upon econophysics methodology, the use of median trends, and wavelet analysis. The comparative study was made based on the example of four sectors: the food, chemical, pharmaceutical (production of medicines and materials used for medical purposes), and automotive industries. The results show, first, that there are significant differences in the dynamics of industry cycles in both the internal and the border regions, which need to be taken into account to implement the progressive economic structure and specialization strategies of a region. Secondly, the group of border regions in the food, chemical, and pharmaceutical industries is growing at a higher rate. Full article
(This article belongs to the Special Issue Industrial and Regional Policy towards Territorial Development)
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14 pages, 344 KiB  
Article
Content of Corporate Vision Statements in Maritime Logistics: A Case Study of the Largest Companies
by Natalia N. Yashalova and Dmitry A. Ruban
Economies 2023, 11(3), 87; https://doi.org/10.3390/economies11030087 - 13 Mar 2023
Viewed by 1836
Abstract
The importance of maritime logistics for the world’s economy necessitates urgent investigations of the corporate strategies in this industry. The present case study aims to examine the vision statements of the largest (by cargo capacity) companies of maritime logistics. Methodologically, it follows the [...] Read more.
The importance of maritime logistics for the world’s economy necessitates urgent investigations of the corporate strategies in this industry. The present case study aims to examine the vision statements of the largest (by cargo capacity) companies of maritime logistics. Methodologically, it follows the previous research focused on the elements of corporate strategic communication: the principal components of the vision statements are distinguished, and their frequencies are calculated. Additionally, the similarity between all pairs of statements is measured. A total of twelve components are established, namely, service, customers, quality, business, geography, image, staff, history, innovation, sustainability, society, and environment. The most common from them are service and business, and the least common are history and staff. The contents of the vision statements differ to a certain degree between West European and East Asian companies. It is established that the average similarity of the vision statements is low. This case study provides an example for judgments about industry-level corporate strategic communication with vision statements. It contributes to the existing literature revealing the diversity of these statements. From the practical point of view, the study provides the information for designing vision statements by managers, who may choose from a wide set of components and should not forget about such important issues as the staff or environment. Full article
(This article belongs to the Special Issue Industrial and Regional Policy towards Territorial Development)
16 pages, 391 KiB  
Article
The Impact of the COVID-19 Pandemic on the Revealed Comparative Advantage of Industries in the Baltic States
by Jolanta Droždz, Arūnas Burinskas and Viktorija Cohen
Economies 2023, 11(2), 47; https://doi.org/10.3390/economies11020047 - 1 Feb 2023
Cited by 1 | Viewed by 2550
Abstract
The active spread of COVID-19 and the resulting containment measures have made it clear that both supply and demand and global production networks are facing unprecedented shocks and disruptions. Accordingly, this has resulted in an urgent need to investigate countries’ competitive situation (and [...] Read more.
The active spread of COVID-19 and the resulting containment measures have made it clear that both supply and demand and global production networks are facing unprecedented shocks and disruptions. Accordingly, this has resulted in an urgent need to investigate countries’ competitive situation (and its changes) during a prolonged period of uncertainty. This study aims to assess the impact of the COVID-19 pandemic on the revealed comparative advantage (RCA/ Balassa index) of the Baltic states’ industries. The Balassa index was calculated for nine industries in three Baltic States (Lithuania, Latvia, and Estonia). The RCA index calculations were linked to COVID-19 cases in the countries under consideration by forming a regression equation. RCA index values and their changes were evaluated by analysing data before and after the pandemic, covering the period between 2017 and 2021. This study revealed that the COVID-19 pandemic’s impact on each Baltic country’s competitiveness in trade with EU countries is significantly higher than in trade with third countries. The results show that Baltic states did not have a comparative advantage in trade with third countries during this time. However, Lithuania and Latvia proved to be more resilient to the consequences of the pandemic, even though industries with a low RCA were more affected. Meanwhile, in trade with EU countries, many of the Baltic states’ industries appeared to have a comparative advantage, which began to decline a few years before the pandemic’s start. Nevertheless, highly competitive Baltics industries showed remarkable resilience to the impact of the pandemic. However, a short-term decrease in the RCA was observed in individual cases. Full article
(This article belongs to the Special Issue Industrial and Regional Policy towards Territorial Development)
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