Socio-economic innovations in systems analysis: environmental and economic aspects

Yuri Yevdokimov, Vladimir Melnyk, Leonid Melnyk and Iryna Dehtyarova

International Journal of Environmental Technology and Management, 2022, vol. 25, issue 1/2, 134-153

Abstract: Current socio-economic development framework provides insufficient opportunities to apply traditional decision making and managerial tools. Specifically, it ignores the bifurcation (qualitative) changes in economic systems as well as critical relationships between the economy and environment. This results in nonlinear relationships between socio-economic and environmental factors. In fact, ecological and economic effects are complex multi-factorial phenomena. The paper offers a methodological approach that defines the overall effect from economic activities of an economic agent with the help of a correction coefficient, which is based on the ratio of internal and external effects. This methodology is applied to define the correction coefficients in the Ukrainian economy on the basis of the data collected over more than 40 years. The paper also offers the analysis of investment business projects in Sumy Region showing internal, external effects, and integral results of the investment business projects.

Keywords: socio-economic development; system analysis; nature resource; sustainable development. (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=120713 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijetma:v:25:y:2022:i:1/2:p:134-153

Access Statistics for this article

More articles in International Journal of Environmental Technology and Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().