Principles of the Economic Policy in the Euroasian Economic Union (EEU): Development of Innovative Productions
Dmitry Miropolsky,
Grigori Feigin
Issue:
Volume 10, Issue 3, June 2021
Pages:
87-93
Received:
18 November 2020
Accepted:
18 December 2020
Published:
8 May 2021
Abstract: The article discusses prospects of further increase in the EEU integration with reference to the target benchmarks that national economies set when making decisions on joining regional integration blocs like the Eurasian Economic Union. The focus is on the possibility of developing high technology production in EEU countries. A two-sector model and analysis of statistical information are used to assess the prospects for the development of innovative production on the territory of the EEU. It is shown that with the developed monopolized structure and low level of production competitiveness, financing innovation by transforming savings into investments is really difficult. The authors suggest a critical assessment of the current inflation targeting policy of the Central Bank of Russia. Based on the macroeconomic model of the interaction of savings and investments and the generalization of data subject to the level of monopolization of the Russian economy, it is argued that the implementation of the inflation targeting policy does not create real prerequisites for the development of high-tech production in Russia and other EEU member countries. It is stated that the current conditions require a policy of mobilizing resources to be invested in innovative projects. It is concluded that in modern conditions, a significant increase in the financing of innovative products is possible only through state support based on the modernization of the taxation system. It is indicated that in the long term, targeted financing of innovative products should be carried out within the framework of the single economic policy of the EEU. The authors suppose that just creation of prerequisites for innovative development in the EEU can increase real attractiveness of this integration block for potential new members.
Abstract: The article discusses prospects of further increase in the EEU integration with reference to the target benchmarks that national economies set when making decisions on joining regional integration blocs like the Eurasian Economic Union. The focus is on the possibility of developing high technology production in EEU countries. A two-sector model and...
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Review on the Determinants of the Market Supply of Wheat in Ethiopia
Issue:
Volume 10, Issue 3, June 2021
Pages:
94-98
Received:
2 March 2021
Accepted:
16 April 2021
Published:
8 May 2021
Abstract: Wheat is one of the most important crops produced in Ethiopia and both as a source of food for consumers and as source income for farmers. Wheat is majorly produced on the central highlands south-eastern and northwest parts of the Ethiopia. Secondary data were used to review this seminar paper to address the following issues such as production and productivity of wheat, factors affecting the market supply of wheat to the market, challenges and opportunities of wheat production and marketing in Ethiopia. Different scholar found different results on the effect of access to credit and number of family size on the market supply of wheat so it is controversial determinant factor. According to the finding of different authors, access of Market information, level of education, land size and accessibility of all-weather road affect the market supply of wheat positively and significantly and distance to the market affect the marketable surplus of wheat negatively. Ethiopia is characterized by weak institutional support and inadequate infrastructure. Producers are still facing different problems. Favorable environment for private investment, Supportive and collaborative international wheat research networks available, huge ground and surface water potential in the country, government is highly committed to support seed producers these are also some of the opportunities for wheat production and marketing.
Abstract: Wheat is one of the most important crops produced in Ethiopia and both as a source of food for consumers and as source income for farmers. Wheat is majorly produced on the central highlands south-eastern and northwest parts of the Ethiopia. Secondary data were used to review this seminar paper to address the following issues such as production and ...
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Impact of Traders Competitive Rivalry on Supply and Demand Relations in Livestock Markets in the Drylands of Kenya
Ekiru Francis Anno,
Pjero Beqiraj Elenica
Issue:
Volume 10, Issue 3, June 2021
Pages:
99-109
Received:
19 May 2021
Accepted:
1 June 2021
Published:
10 June 2021
Abstract: Globally, the livestock sector is rapidly growing and contributing 40% of the total value of agricultural output. Livestock keeping is one of the main vibrant economic sectors in many Africa countries. In Kenya, livestock contributes 12% to the national Gross Domestic Product (GDP) and 42% to Agricultural GDP. 80% of Kenya’s landmass is Arid and Semi-Arid, home of about 16 million people dependent on agro-pastoral livelihoods. Though the largest Kenya region, Turkana County is the poorest, with 70% of the population depending entirely on livestock keeping. While many impediments retard the development of livestock in Kenya’s drylands, using the case of Turkana County, the study objectives focused on the effects of competitive rivalry evident in many markets and its effects on the supply and demand relations, and the impact of theory integration on the supply and demand in markets. 168 primary respondents (Livestock traders) and 24 secondary respondents (Government and Civil Society employees) were sampled to participate in the study. The study results showed that competitive rivalry significantly influences supply and demand relations in livestock markets in the pastoral areas, hindering the adoption of formal business models for market organization, functionality, and better performance. As a result, livestock prices, marketing and market governance systems, coordination of livestock trade in the county, and access to cross-border markets remain negatively affected. Recommendations for application include empowerment of traders, youth, and women through business training, exposure, and introduction of adult literacy programmes to help improve the ability of the local traders to read, write, and use technology to share market information, and do transactions. Access to capital financing, infrastructure development, and organization of marketing performance will reinforce linkages between livestock production zones and various market segments. Strengthening the governance of livestock markets by promoting leadership and management practices, and enforcement of business principles will inculcate in markets ethical competition while rooting out rivalry tendencies. Supply, demand, and theory integration in livestock trade remain critical areas for future research. Despite many limitations to the growth of livestock economy in pastoral areas, the drylands still pose significant opportunities to nurture healthy and productive livestock resources that can compete in internal and external markets while attracting substantial economic returns to empower rural economies, strengthen entrepreneurship, and make pastoral livelihoods more resilient.
Abstract: Globally, the livestock sector is rapidly growing and contributing 40% of the total value of agricultural output. Livestock keeping is one of the main vibrant economic sectors in many Africa countries. In Kenya, livestock contributes 12% to the national Gross Domestic Product (GDP) and 42% to Agricultural GDP. 80% of Kenya’s landmass is Arid and Se...
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