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

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.

Inclusive Human Development in Sub-Sahara Africa: Does the Environmental Quality Matter?

“…The nexus between economic development and environmental degradation has been a focus of environmentalists' inquiries for many years now. According to Yevdokimov et al (2022), there are two opposing views regarding the effect of economic growth on environmental quality. The first one states that economic growth is detrimental to the environment due to inefficient use of resources, which leads to environmental degradation, while the second states that economic growth and technological progress improve environmental quality.…”

Change in the quality of life in different countries of the world: Assessment on the EQLS database

“…The origins of establishing the quality of life can be traced back to political, socio-economic, ecological, humanistic, medical, and scientific reasons in the middle of the last century (Determann, 2007). Easterlin (2001), Hagerty et al (2001), Layard (2007), Veenhoven (2009), Melnyk et al (2022), Yevdokimov et al (2022), Li and Yang (2023), and Pukeliene and Starkauskiene (2011) have analyzed the quality of life and its measurement. According to the World Health Organization (WHO Quality of Life Assessment Group, 1996), quality of life is described as a person's perception of their life situation in the context of the culture and value systems in which they live, as well as in relation to their goals, expectations, standards, and problems.…”