Green, Blue and Digital Economy Journal

DIGITAL TRANSFORMATION IN SRI LANKA: EVALUATING PROGRESS AND ADDRESSING CHALLENGES

Dimungu Hewage Nilusha Erangi — 2023-10-31

Digitalization processes are an important aspect in the development of economies of countries around the world. The Seventeen UN Sustainable Development Goals (UN, 2015) announced in 2015 presented a challenge to the global economy. Solving the problem strengthening digitalization processes will achieve the following goals: Decent work and economic growth (goal 8), build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation (goal 9) and, make cities and human settlements inclusive, safe, resilient and sustainable (goal 11). Digital transformation is crucial for enhancing societal and economic progress in Sri Lanka. This study aims to investigate the evolution of digital technology use in Sri Lanka, focusing on internet access, mobile phone usage, and digital literacy. The process includes looking at government efforts, telecom statistics, and case studies that are industry-specific. The statistics show that there has been a significant increase in internet penetration to 50% and mobile phone subscriptions to 28.4 million due to competitive market conditions and regulatory activities. The paper highlights how crucial it is to address digital literacy and infrastructure concerns in order to leverage digital revolution for fair growth. Interestingly, metropolitan regions have greater rates of digital adoption than rural ones, indicating a need to address the digital divide. Achieving nationwide digital inclusion depends in large part on the government's role in promoting digital education and enhancing internet accessible. The report also highlights the necessity of ongoing investments in digital infrastructure and the development of programs for developing digital skills. The practical implications of these findings point to the possibility of greatly boosting the population's digital capacities by focused policies and well-timed investments, which will promote social inclusion and economic growth. Sri Lanka can enhance its residents' quality of life, draw in foreign investment, and more fully integrate into the global digital economy by concentrating on sustainable digital growth. Policymakers, business stakeholders, and academic scholars interested in the digital transformation of developing economies will find great value in this thorough analysis.

ANALYTICAL EVALUATION OF THE EFFECTIVENESS OF EQUITY MANAGEMENT IN AGRICULTURAL, FORESTRY AND FISHERY ENTERPRISES IN UKRAINE

Alla Lysenko — 2024-10-31

The purpose of the research is to generalize the theoretical and methodological aspects and implementation an analytical evaluation of the effectiveness of the management of equity of agricultural, forestry and fishery enterprises of Ukraine using the data of official statistics on large, medium and small enterprises for ten years (2013-2022) as a basis for directing analysis results for the further search for reserves to improve the efficiency of equity management. Methodology. The basis of the research methodology is a dialectical approach, an analysis of data on the composition and structure of equity capital of agricultural, forestry and fishing enterprises of Ukraine for the period from 2013 to 2022 with the division of enterprises into large, medium and small using official statistical information, published on the website of the State Statistics Service of Ukraine. The results of the research showed that in the period from 2013 until 2022, the largest increase in the equity capital of agricultural, forestry and fishing enterprises of Ukraine was observed at the end of 2015 compared to the end of 2014 due to the simultaneous increase in the value of the indicator at enterprises of different sizes. In the structure of equity capital, the share of retained earnings (uncovered loss) was the most significant. In the vast majority of the research years, at average and small enterprises, cash revenue exceeded the amount of equity capital, while at large enterprises, from 2016 to 2022, equity capital made less than one turnover per year. As the calculations showed, large enterprises in the field of agriculture, forestry and fisheries of Ukraine do not properly take advantage of the possibilities of the influence of the scale of production on the formation of indicators of the efficiency of the use of equity. Practical implications. The practical significance of the obtained results lies in their focus on confirming the expediency of the further search for reserves to increase the efficiency of the use of equity, first of all, by large enterprises in the field of agriculture, forestry and fisheries of Ukraine. Value / Originality. The results of the conducted research serve as the basis for further in-depth analysis and search for reserves to increase the efficiency of equity management at different sized of business entities.

DEVELOPMENT OF A SYSTEMATIC APPROACH TO ASSESSING THE COMPLIANCE OF UNIVERSITY EDUCATIONAL PROGRAMS WITH THE UN SUSTAINABLE DEVELOPMENT GOALS

Viktoriia Khrutba — 2024-10-31

The purpose of the article is to develop and test in practice a systematic approach to assessing the compliance of educational programs of universities with the goals of sustainable development of the United Nations. The systematic approach includes the development of a sequence of development and approval of a questionnaire to determine the degree of compliance of educational programs of universities with the goals of sustainable development. Methodology. The survey was based on a comparison of the data of three groups of respondents (developers of educational programs and their curators at three levels of higher education). Approbation of the approach took place on the basis of the National Transport University (Kyiv, Ukraine). In total, 64 curators and developers of educational programs took part in the survey (this is 60% of educational programs of NTU). The results of the survey showed that educational program developers understand the importance of including the tasks of the United Nations Development Program in separate educational components or modules of disciplines in order to form relevant competencies in students. However, respondents noted the need to review educational programs and their components, as well as the educational process in the context of compliance with the goals of sustainable development and its ecologization. Practical implications. The results of this research will be used during the regular review of educational programs and their components at the National Transport University, and will also serve as a basis for further improvement of the concept of sustainable development of the NTU. The research data can be distributed to other universities. Also, the research results will be used in the project the Transformational Learning Network for Resilience – Enabling Ukrainian higher education to ensure a sustainable and robust reconstruction of (post-war) Ukraine (TransLearnN). The results of this study will contribute to the development of the program of sustainable development of universities in Ukraine. Value / Originality. The obtained results will make it possible to determine prospective directions for improving the educational process and educational programs of universities, taking into account the goals of sustainable development and trends in the ecologization of education.

EVALUATION OF THE INVESTMENT CLIMATE BASED ON FUZZY LOGIC

Liliia Shevchenko — 2024-10-31

The subject of the study is the investment climate of the country, region and investment attractiveness of the enterprise. The article is aimed at substantiating a fuzzy logical model for assessing the investment climate of a country, region and investment attractiveness of an enterprise under the influence of three groups of factors: economic, organizational and psychological. The hypothesis of the study is that it is possible to define the investment climate (IC) and make decisions on foreign direct investment (FDI) based on data on indicators of influence factors, even if these indicators are not clearly quantified. The division of all influence factors into three groups: economic, organizational and psychological, and the definition of linguistic assessments for those factors that do not have a natural quantitative scale, allows taking into account the expert assessment of those aspects of the investment climate that are not assessed by statistical data and cannot be expressed quantitatively, but only with the help of descriptive words based on a sense of the situation. The developed model allows determining the state of the investment climate or attractiveness under the influence of a set of factors that the user determines, depending on the country, territory, enterprise and the availability of statistical and expert information. A review of previous studies shows that the development of models based on the theory of fuzzy logic, as opposed to regression analysis, allows not only to use a larger number of indicators, but also to take into account the so-called qualitative indicators that were previously not taken into account due to the impossibility of their quantitative measurement. The objective of the study is to build a model based on fuzzy modelling, which is the method of this research. The results of the study show that the use of the obtained model can help determine the investment climate based on the analysis of factors. Practical implications – obtaining a built-in model for assessing the investment climate for making investment decisions. Value/originality of the study: the developed model, unlike similar ones, is flexible, i.e. it can include any number of factors and can be used by specialists of different levels, from civil servants to entrepreneurs. The model also allows for the inclusion of any factors that the researcher deems necessary, as they can be assessed on any scale.