The impact of digital transformation on macroeconomic stability: Evidence from EU countries

Tiutiunyk, Inna; Drábek, Josef; Antoniuk, Nataliia Anatoliivna; Navickas, Valentinas; Rubanov, Pavlo Mykolaiovych

doi:10.14254/2071-8330.2021/14-3/14

Cited by 37 publications

(26 citation statements)

References 59 publications

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“…Additionally relevant are studies that highlight public awareness as a necessary condition for social responsibility for one’s health and the health of others. For example, explored the relationship between the pandemic and digitization [ 18 , 19 ], which is capable of reforming the management system in any field—including medical [ 20 , 21 , 22 ]; saw problems in the imperfection of marketing activity in terms of medical products, which complicates the timely treatment of the population, due to widespread self-medication, including during a pandemic [ 23 ]; insisted on the need to popularize a healthy lifestyle around the world as the main tool for improving the general level of public health [ 24 ]. noted that the social responsibility of tourists is a central research problem because migration processes and the tourism industry influence the spread of disease quite strongly [ 25 , 26 , 27 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Public Health System Economic Efficiency and COVID-19 Resilience: Frontier DEA Analysis

Kuzior

Kashcha

Kuzmenko

et al. 2022

IJERPH

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The article summarizes the arguments and counterarguments in the scholarly discussion about the problem of choosing a model of healthcare organization. The study’s primary goal was to identify the economic efficiency of the public health system and resistance to COVID-19. The relevance of addressing this research issue is that the epidemiological challenges posed by the pandemic worldwide have manifested themselves differently in various countries. Therefore, it is advisable to consider the effectiveness of public healthcare models and how they have worked out in the fight against COVID-19. Research in the work was carried out in the following logical sequence: conducting scientometric analysis of research, creation of a statistical research base for 22 countries of the world; construction of integral indices of the economic efficiency of the health care system; calculation of public health system resilience to the COVID-19 pandemic; application of frontier DEA analysis to determine system efficiency; comparison and analysis of the results of research on the economic efficiency of public health systems obtained by different methods. The article presents the results of a comparison of the economic efficiency of the public health system, which showed that the system built according to the Beveridge principle is the most resistant to the pandemic and, at the same time, has the highest indices of economic efficiency.

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Section: Literature Reviewmentioning

confidence: 99%

Public Health System Economic Efficiency and COVID-19 Resilience: Frontier DEA Analysis

Kuzior

Kashcha

Kuzmenko

et al. 2022

IJERPH

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“…Some of these studies were directed at investigating the differential impact of digitalization on banking products and services from a customer-oriented perspective (Prokopenko et al, 2022), while others discussed digital shifts in the financial industry in general (Kolodiziev et al, 2021;Volosovych et al, 2021;Kolodiziev et al, 2022). At the other end of the spectrum of academic research, there is a discussion about the link between the digital divide and the level of economic development of regions (Deineko et al, 2022;Melnyk et al, 2022) or country macroeconomic stability (Petroye et al, 2020;Tiutiunyk et al, 2021;Wang et al, 2022). Other researchers, however, who have looked at macroeconomic stability, despite a critical role in the technological evolution of Industry 4.0, have identified other determinants.…”

Section: Literature Reviewmentioning

confidence: 99%

Marketing research in the context of trust in the public sector: A case of the digital environment

Litovtseva

Krawczyk

Kuzior

et al. 2022

Innovative Marketing

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Trust in public services is a driving force of socio-economic development. It ensures effective dialogue between citizens and government and becomes especially relevant in the digitalization. The lack of trust in the public sector can make reforms ineffective and the achievement of the goals of the Ministry of Digital Transformation within the framework of the State Strategy for Regional Development of Ukraine until 2027 in question. For this reason, marketing tools in public services should be directed toward achieving greater trust in those services and the government. This paper analyzes the current research on public sector marketing and its role in building trust as a foundation for the country’s digital development. Implementing multi-level bibliometric (Scopus tools), network (VOSviewer), and comparative (Google Trends) analysis, this study traces the development of marketing research on the process of public services delivery transformation from traditional to digital. 922 studies published between 1968 and 2022 were analyzed. The results show that public sector marketing is a multidisciplinary field of scientific research that is actively developing. Cluster analysis demonstrated that its modernization and the relationship between marketing in services and consumer behavior are the smallest and newest spheres of research. Researchers consider relationship marketing the principal mechanism for building trust in the public sector. This study found little research on the impact of marketing tools on consumers’ trust in public services. The comparative analysis confirmed the hypothesis of the need to change marketing tools due to the massive shift from offline to online services. AcknowledgmentThe authors acknowledge the funding in terms of the projects “Simulation modeling of the trajectory of the impact of behavioral attractors on macroeconomic stability: the role of transparency and public trust (0121U100469)” and “Modeling mechanisms for de-shadowing and de-corrupting the economy to ensure national security: the impact of the financial behavioral patterns transformation (№ 0122U000783)”.

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“…The private sector is being transformed under the influence of digitalization leading to legislative changes since many regulatory acts do not consider possible digitalization (Burlaka et al, 2019). According to recent studies, digitalization positively affects macroeconomic stability (Tiutiunyk et al, 2021). Digitalization changes approach to understanding medicine (Kuc-Czarnecka M., 2020), agriculture (Hennyeyová et al, 2021), the functioning of socio-economic networks (Sliwa P. et al, 2021), communication between people (Raišienė et al, 2021), decision-making (Lustigová et al, 2021), employment (Beňo, 2021), etc. It is also necessary to mention the negative impact of digitalization in the financial sphere.…”

Section: Literature Reviewmentioning

confidence: 99%

Structural modelling for assessing the effectiveness of system for countering legalization of illicit money

Lyeonov¹,

Hlawiczka²,

Boyko³

et al. 2022

Journal of International Studies

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The article suggests a scientific and methodological approach to the evaluation of the infrastructural component’s effectiveness in the anti-money laundering system due to digitalization. Structural modelling is the basis for the mentioned approach implementation, which consists of several steps. First, the input data is selected in terms of the effective regulation of the financial services market, law enforcement and judicial activities, and digitalization. Next, the moving average method is used to identify the growth rate of missing values in the available data series. Then, the selection of relevant factors for financial services market regulation, law enforcement activity, judicial activity and digitalization is based on the principal component analysis. After reducing the input array of data to a comparable form, a structural equations system can be constructed to reflect the impact of the digitalization level on the latent integral characteristics of the directions of anti-money laundering work done by regulatory authorities. Finally, the model is checked for adequacy. The result of this research can serve as an information base for further strengthening the digital vector in the development of regulation institutions and law enforcement agencies overseeing the financial services market, as well as for the radical transformation of courts in Ukraine since digitalization currently negatively affects them.

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The impact of digital transformation on macroeconomic stability: Evidence from EU countries

Cited by 37 publications

References 59 publications

Public Health System Economic Efficiency and COVID-19 Resilience: Frontier DEA Analysis

Public Health System Economic Efficiency and COVID-19 Resilience: Frontier DEA Analysis

Marketing research in the context of trust in the public sector: A case of the digital environment

Structural modelling for assessing the effectiveness of system for countering legalization of illicit money

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