Oleksandr Kubatko

• Doctor in Economics
• Professor at Sumy State University

SMEs represent most businesses globally, making them essential players in reaching the Sustainable Development Goals (SDGs). This paper brings new insights to the sustainability field by analysing drivers and barriers to SMEs’ development and employment on SMEs for the panel of 21 European Union (EU) countries using random-effects generalised least...

The rise of local and global challenges (such as COVID-19, wars, natural disasters, etc.) requires advanced communication and information technologies to support economic development. The study aims to form a theoretical basis and practical tools for creating and functioning of wiki communities. Wiki communities are a new form of social association...

An integral facet of contemporary global environmental policy entails the adoption of an integrated methodology towards the safeguarding and sustenance of biodiversity and ecosystem services. This approach is significantly bolstered by the operationalization of the "Biodiversity Mainstreaming" concept, particularly at the national level. The incorp...

The study identifies global and national challenges to sustainable development. In particular, global problems include climate change, infectious disease epidemics, population ageing, and human rights violations, which require cross-border cooperation between countries to be effectively addressed. The economic security of a country is determined by...

The domestic energy complex is an important and vulnerable component of the national economy. The purpose of the article is to deepen the study of directions for improving the functioning of the energy system of the national economy. With the beginning of a full-scale war and the threat to the national energy system, Ukraine joined the European Net...

The article is devoted to urgent issues of the development of small and medium-sized enterprises (SMEs) in Ukraine and the countries of the European Union. The relevance of the research topic is due to the importance of SMEs as an engine of economic growth, as well as the need to adapt and integrate the Ukrainian business environment to the standar...

See the retraction notice E3S Web of Conferences 456, 00002 (2023), https://doi.org/10.1051/e3sconf/202345600002

In this study, the factors affecting economic growth in developed countries within the context of their sustainability transition are explored. By analyzing both traditional and novel factors, we aim to expand the scientific knowledge of the drivers behind sustainable economic development. To achieve this purpose, some factors that have demonstrate...

The additive economy should be the productive basis toward which the national economies aspire. This paper aims to deepen the theoretical issues of the additive economy forming and its key components: additive technology and additive manufacturing. Additive technology is defined as a set of methods and tools based on which the production of product...

The article reveals the content of digital transformations during the Fourth Industrial Revolution (Industry 4.0). The latter's direction is defined as the formation of cyber-physical systems, which are designed to replace human labour in production processes. The fundamental transformations taking place during Industry 4.0 are analyzed. These incl...

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

The transition to sustainability is a complex process that requires a clear understanding of its drivers and barriers. The paper explores the impact of different social and economic factors on sustainable development as a holistic process. The research involved data from 27 EU member states during 2012–2020. Hausman specification and Breusch and Pa...

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

A full-scale Russian invasion in Ukraine changes people’s behavior and determines the current person’s resilience/vulnerability in society. This paper aims to estimate individual resilience/vulnerability and its factors in the community during wartime. It used the online survey method based on Google Forms and online focus-group interviews during M...

The article examines the wikinomic approach to sustainable development in the context of European integration processes in Ukraine. The authors define integration, innovation, responsible entrepreneurship and circular economy as key components of sustainable development. They discuss how these elements influence changes in consumption and productio...

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

Sustainable development of the global economy can be achieved with the help of renewable energy (RE). The paper investigates the determinants of RE development in order to boost its adoption. The determinants of RE deployment were analyzed using random-effects GLS regression for the panel data from 27 EU member states in 2011–2020.The results confi...

The Covid-19 pandemic changes people’s behavior, determines the interpersonal distance of communication, and deepens the digitalization processes of public life. This paper aims to establish the social trust impact on the social sustainability of Ukrainian territorial communities in the Covid-19 pandemic. For an empirical study, four territorial co...

The paper investigates state policy to promote solar energy in Latvia’s and Ukraine’s households. Comparing different approaches to stimulating sectors’ development in both countries, the article evaluates the economic efficiency of solar power plants implementation based on the Levelized Cost of Electricity method and investment projects payback p...

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

The disruptive technologies and cyber-physical production systems are important factors that bring transformations to socio-economic formations. The paper aims to formulate the content, key directions, positive and negative effects of additive economy (AE) in the current transition phase to Industry 4.0. The research method is based on the analysis...

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

The paper investigates the economic ways of green energy promotion in the European Union. It is stated that environmental friendliness and economic expediency are the main drivers of renewable energy development. The paper emphasizes that the EU has significant achievements in green energy promotion. The EU encourages the use of renewables in a var...

Digitalization, dematerialization of production and consumption, and structural shifts in the direction of service economy forming do promote to reduction of material use and sustainable development. The paper aims to investigate the role of digital, structural, economic, and social factors in sustainable development promotion in OECD countries. Th...

The article examines the main problems of restructuring socio-economic systems as a component of the formation of the digital economy. The concept of "system", its elements, the relationship between them, as well as the functional environment of the system are considered. The main characteristics of the parameters of the state of the system are ana...

During the last years, significant changes happened in seasonal river hydrology in Europe due to climate change. Nevertheless, according to the presented analysis, the total water runoff for hydropower generation did not change. The last fact is an important policy implication for small hydropower promotion in Ukraine because it belongs to that reg...

This paper investigates the effect of the Brexit vote on the connection between UK stock market expectations and US stock market returns. To gauge UK stock market expectations, the option-implied volatilities of the FTSE 100 index are calculated in the period starting five months before and ending four months after the Brexit referendum. To keep th...

The article considers the issues of establishing in Ukraine the effective market mechanisms to stimulate the development of energy storage systems. The current state of energy storage systems in Ukraine is studied. The capacity of the segment of energy storage systems in the energy market, due to the need to meet the requirements of the European En...

The article describes the specific details of local communities functioning in Ukraine and the Czech Republic. It has been examined that Ukraine and the Czech Republic have similar, but not identical systems of local governance. We conducted a comparative analysis of the financial state of local communities in both countries by five indicators. Ind...

This paper proposes methodological approaches to assessing the impact of renewable energy and energy efficiency development on emerging economies’ energy security. It is suggested to supplement the current methodology for assessing energy security with the decoupling index of the renewable energy financial burden on the state budget, the energy eff...

The study s relevance relates to the transformation of the human capital reproduction during the transition to a new socio-economic model and changes (digitalization, cyberization, customization, etc.) that are now taking place within Industries 4.0 and 5.0. The purpose of the study is to formulate the content and key directions of learning process...

While implementing state support mechanisms for renewable energy deployment, each country faces the problem of assessing and forecasting their consequences and must timely adjust their set to ensure sustainable energy development. The article estimates the price for sustainable development of the renewable energy sector on the example of Ukraine ba...

The circular economy, which minimises the level of environmental pollution, creates a promising background for sustainable development. The application of bioeconomics principles provides the use of by-products of agriculture, forestry, food waste, and wastewater as raw materials for electricity and heat. The objective is to analyse the prerequisit...

Over the years, technological progress has accelerated highly, and the speed, flexibility, human error reduction, and the ability to manage the process in real time have become more critical and required production companies to adapt production and business models according to the needs. The demand for real-time decision support systems adapted to...

One of the most urgent environmental problems today is the pollution of the environment by emissions of harmful substances and industrial waste. The negative impact on the environment and people is becoming more widespread, and its disposal methods inhibit the development of the economic system. In a market economy, entrepreneurs are not interested...

The article examines the changes and consequences in the field of tourism under the influence of the pandemic. Based on the analysis of the report of the World Tourism Organization UNWTO, it was found that in the first ten months of 2020, the number of international revenues decrease by 72%, due to travel restrictions, low consumer confidence and t...

The article is devoted to the theoretical and procedural features of the intellectualization of economic processes. Definitions of "innovation" are given. It has been found that most definitions view innovation as a new (or significantly improved or modified) product. The most optimal formulation of this definition is singled out, namely: "innovati...

This paper investigates the role of state policies in supporting renewable energy development in emerging economies by drawing example from Ukraine. The economic mechanisms aimed at promoting electricity generation from renewable sources, namely, the feed-in tariff, credit programmes in renewable energy field, tax and customs privileges as well as...

CO2 emissions have become a key environmental contaminant that is responsible for climate change in general and global warming in particular. Two geographical groups of countries that previously belonged to the former bloc of socialist countries are used for the estimations of CO2 emissions drivers. The research covers such Eastern European countri...

Background. The CO2 emissions became a key environmental contaminant which is responsible for climate change in general and global warming in particular. Two geographical groups of countries that previously belonged to the former bloc of socialist countries are used for the estimations of CO2 emissions drivers of post-communist economies. The resea...

The paper analyses the economic and social challenges of disruptive technologies in conditions of Industry 4.0 and Industry 5.0. The paper overviews research progress on Industry 4.0 and 5.0 and their influence on sustainable development. The research explains disruptive technologies trends for sustainable development. The paper examines the develo...

The article considers the preconditions for sustainable development of the energy sector from the standpoint of political and economic basis of energy transitions, actualizes and reveals the scientific problem of the impact of socio-technical transitions, in particular energy, on economic sustainability. It is determined that the task of assessing...

The development of human civilization is related to the constant change of economic formations, and the current social and economic situation is determined by such concepts as Society 5.0, Fourth, and Fifth Industrial Revolutions (FIR, FiIR). The paper aims to estimate the change of human role in each economic formation caused by industrial revolut...

The reform of decentralization and the formation of capable territorial communities is a priority of the Ukrainian Government. The reform aims at creating an effective system of local self-government to provide a high quality of life for people, improving the quality of municipal services and to ensure the sustainable development of regions. The re...

Rapid economic reforms and proper GDP growth in China has affected the regional development of Chinese provinces. This study aims to estimate the degree of economic and environmental disparities within Chinese provinces for developing policy recommendations of regional transformation. The reduced log-linear specification of endogenous growth model...

The intensive use of non-renewable resources and torn technological cycles is the cause for the total destruction of the planet's ecosystems. The transition of production systems to renewable resources and closed circular cycles can ensure long-run sustainability of economic activities. Circular technologies as the basis of business processes guara...

This paper estimates the influence of air pollution on population health outcomes through measuring direct and indirect pollution health effects. Multiple group studies show that air pollution increases population morbidities. The wealthy–health endogeneity link is discussed, and omitted variable biases of health impact assessments are addressed. H...

An analysis of Ukraine's foreign economic activity showed that exports and imports of Ukraine in 2018 increased by $4.08 billion and $12.9 billion. In the geographical structure of the countries-importers of Ukrainian goods the largest share is occupied by the countries of the European Union, which testifies to the improvement of the quality level...

This paper examines the economic relationships between oil price volatility and socially-economic development of 14 Organization of the Petroleum Exporting Countries (OPEC) using the annual panel data for the period 1990–2014 obtained from the World Bank (WB) statistical data sets. Hausman specification test has been performed to choose the method...

Energy consumption reduction and energy efficiency improvement are recognized as global priorities in the context of the green economy and sustainable development. In this paper, determinants of energy efficiency and energy consumption for the panel of 11 post-communist countries in the Eastern Europe during 1996–2013 are investigated. The stochast...

It was found that air pollution do influence health of population. The results suggest that air emissions and radiation are statistically significant causes of increase in the number of cancer, nerves, and urinary morbidity in Ukraine. Using fixed and random effect estimations for panel data analysis it is calculated economic values of health damag...

This article deals with analysis of economic, social and ecological disparities of Ukrainian regions. Regional economic disparities are measured through the convergence concept and the article employs panel data analysis with fixed and random effects estimations. Our empirical results show the presence of economic convergence in Ukrainian regions....

The study investigates the impact of foreign direct investing on economic development of post Comecon transition economy countries. Neoclassical growth theorymodel is used to analyze the effects of FDI on economic growth. The results show significant FDI influence on economic growth of host countries. The paper concludes with explaining the results...

The paper analyzes the economic approaches to ecological innovations stimulation in the EU member-states. Attention is paid to the advantages and disadvantages of certain instruments with regard to the adjustment of economic systems to resource fluctuations. Pros and cons of market supply and demand mechanisms in enhancing ecological innovations ar...

The paper analyzes the economic approaches to evaluation of environmental goods and services. It discusses both positive and negative sides of using such methods as: market price method, factor income/productivity, travel cost, hedonic property value. Also specific attention is paid to the non-market methods such as imputed and expressed willingnes...

Abstract by Oleksandr Kubatko In this study, influence of per capita income on pollution is modeled with the help of the Environmental Kuznets Curve (EKC). The EKC pattern suggests an inverted U–shape relationship between,per capita income and pollution. Starting at low levels of income,pollution increase s along with income, but when income is lar...