ERAZ 2024 / 10 - Knowledge-Based Sustainable Development – SELECTED PAPERS
ERAZ 2024 / 10 - Knowledge-Based Sustainable Development – SELECTED PAPERS
Contributor(s): Paulo Monteiro Alexandre (Editor), Eva Erdelyi (Editor), Marko Tomljanović (Editor)
Subject(s): Social Sciences, Economy
ISSN: 2683-5568
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Sustainable Development; Economics; Management
Summary/Abstract: This book contains peer-reviewed selected papers from the 10th International Scientific Conferenceon Knowledge Based Sustainable Development (ERAZ 2024). It brings together diverse scholarly contributions that reflect the growing importance of sustainability as a guiding principlefor global progress. The conference, in particular, places great attention on a wide spectrum of topics, ranging from international trade, rural development, and sustainability reporting to the role of digital transformation, artificial intelligence, and eco-innovation in shaping knowledge-based economies. A key strength of this collection lies in its close alignment with the Sustainable DevelopmentGoals (SDGs), addressing challenges such as poverty reduction, responsible production, sustainable energy, innovation, and reduced inequalities. The research contributions span different regions and sectors, analyzing poverty in Africa through regression models, investigating eco-innovation dynamics in the European Union, examining disclosure practices in healthcare, and mapping the determinants of sustainability reporting in corporations. Case studies, such as the Girolomoni Agricultural Cooperative, and analyses of rural competitiveness in Bulgaria,provide valuable insights into localized solutions with global relevance. The proceedings also engage with critical contemporary issues: the COVID-19 pandemic’s impact on the agri-food and biofuel sector, the snowball effect of public debt dynamics, and the transformation of supply chains in emerging economies. Moreover, contributions explore forward-looking themes such as the application of artificial intelligence and chatbots in higher education, the validation of sustainability measurement tools, and the evolving patterns of travel and mobility among Generation Z. Taken together, these studies provide theoretical perspectives, empirical evidence, and practical recommendations that contribute to both academic discourse and policy-making. They emphasize the multidimensional character of sustainable development, where economic, technological,social, and environmental aspects converge.ERAZ 2024 Selected Papers, therefore, offer not only a comprehensive overview of currentchallenges and opportunities but also pave the way for future avenues of knowledge-based sustainable development. The diversity of perspectives presented here demonstrates the collective effort of scholars and practitioners to advance innovative and inclusive approaches for a more sustainable future.
Series: ERAZ - International Scientific Conference
- Print-ISBN-13: 978-86-80194-87-5
- Page Count: 159
- Publication Year: 2024
- Language: English
The Use of Regression Panel Analysis with Fixed Effects in International Trade: The Example of Poverty in Africa
The Use of Regression Panel Analysis with Fixed Effects in International Trade: The Example of Poverty in Africa
(The Use of Regression Panel Analysis with Fixed Effects in International Trade: The Example of Poverty in Africa)
- Author(s):Vladyslav Bato Vladyslav, Peter Duhan, Peter
- Language:English
- Subject(s):Social Sciences
- Page Range:1-12
- No. of Pages:12
- Keywords:Panel data; Regression; International trade; Development; GDP; FDI; Remittances; Export
- Summary/Abstract:This paper explores the application and potential of panel data regression analysis in international trade. By leveraging panel data, the authors aim to understand the impact of various economic factors on poverty rates in African countries. The study uses fixed effects models to analyze the relationship between gross domestic product (GDP) per capita, foreign direct investment (FDI) inflows, remittances, and export rates on the proportion of the working population living in poverty. The findings indicate that higher GDP per capita and increased remittances reduce poverty rates, whereas FDI inflows and export rates do not show a statistically significant impact. The paper underscores the importance of economic growth and remittances in poverty alleviation and calls for more nuanced strategies to address poverty in Africa effectively. Future research should investigate the structural aspects of exports and regional specificities to enhance the understanding of these dynamics.
Analyzing the Snowball Effect on Public Debt Dynamics and Its Determinants: The Case of North Macedonia
Analyzing the Snowball Effect on Public Debt Dynamics and Its Determinants: The Case of North Macedonia
(Analyzing the Snowball Effect on Public Debt Dynamics and Its Determinants: The Case of North Macedonia)
- Author(s):Gjorgji Gockov, Suzana Makreshanska Mladenovska, Goran Hristovski
- Language:English
- Subject(s):Social Sciences
- Page Range:13-22
- No. of Pages:13
- Keywords:Snowball effect; Public debt sustainability; North Macedonia
- Summary/Abstract:Maintaining healthy public finances is essential for financial stability and economic growth. This study examines Macedonian public debt dynamics from 2002 to 2023, focusing on the primary budget balance, the interest-growth differential (snowball effect), and stock-flow adjustments. The snowball effect, where the debt ratio changes based on whether GDP growth surpasses or lags behind interest rates, is emphasized. Recent challenges include sluggish economic growth due to declining external demand and rising food and energy prices, coupled with increasing interest rates, exacerbating the snowball effect. Using the Ordinary Least Squares (OLS) method, the study analyzes how macroeconomic variables like foreign direct investment, trade openness, and unemployment, alongside institutional factors such as government effectiveness and corruption, influence debt dynamics. Policy recommendations stress the need for enhanced fiscal discipline, measures to stimulate economic growth, and improved institutional frameworks to mitigate the adverse effects of the snowball effect on public debt.
Drivers and Barriers to the Competitiveness of Rural Areas in Bulgaria
Drivers and Barriers to the Competitiveness of Rural Areas in Bulgaria
(Drivers and Barriers to the Competitiveness of Rural Areas in Bulgaria)
- Author(s):Mariya Peneva, Yovka Bankova
- Language:English
- Subject(s):Social Sciences
- Page Range:23-31
- No. of Pages:10
- Keywords:Index of rural competitiveness; Balance of competitiveness and sustainability; Rural sustainable development
- Summary/Abstract:Rural areas are diverse and they offer specific sets of economic, social, and environmental functions crucial for sustainable development of countries. Based on that, they compete for investments, tourists, and population, leading to regional imbalances. This study is about the multifaceted dynamics of rural competitiveness in Bulgaria, aiming to reveal its complex nature, the key drivers and the barriers to growth. The main goal is to examine the factors influencing the competitiveness of rural areas in Bulgaria in various dimensions. The mixed-methods approach for analysis is applied, and results present comprehensive knowledge for policymakers, stakeholders, and researchers interested in sustainable rural development. The study provides insights into the most and least competitive rural areas in Bulgaria, based on the constructed index of competitiveness, and suggests practical recommendations for informed policy implementation and governance.
Beyond Sustainability. The Girolomoni Agricultural Cooperative: A Case Study
Beyond Sustainability. The Girolomoni Agricultural Cooperative: A Case Study
(Beyond Sustainability. The Girolomoni Agricultural Cooperative: A Case Study)
- Author(s):Giuseppe Gaballo
- Language:English
- Subject(s):Social Sciences
- Page Range:33-42
- No. of Pages:10
- Keywords:Self- and hetero-knowledge; Sacredness; Trust; Industrial districts
- Summary/Abstract:The environmental issue has become a major subject of debate also in the field of social sciences. Sociological studies have shown how an anthropocentric approach is often adopted in political and scientific contexts, with knowledge acquiring a technical value aimed at changing both individual and collective behavior. This paper explores the management of an agricultural cooperative that goes beyond the conventional criteria of sustainability. One of the first organic farming businesses in Italy, the company in question has developed a management model in which scientific, technological, and economic knowledge helps to understand the relationship between nature and human beings, in a process of information sharing that involves business partners, stakeholders, and consumers.
The Contribution of BFs to the SDGs: A Global-Local Comparative Strategic Study
The Contribution of BFs to the SDGs: A Global-Local Comparative Strategic Study
(The Contribution of BFs to the SDGs: A Global-Local Comparative Strategic Study)
- Author(s):Paola Olimpia Achard, Chiara Bellini, Leonardo Ioannucci
- Language:English
- Subject(s):Social Sciences
- Page Range:43-53
- No. of Pages:12
- Keywords:Sustainable development; Biotech firms; Sustainable development goals; Strategic management; Strategic corporate social responsibility
- Summary/Abstract:Sustainable Development (SD) has been progressively gaining importance in the strategic actions of businesses for more than a decade. The purpose of this paper is to analyze the strategic contribution of BFs (BFs) to the SD. The methodology followed consists of the analysis of the strategic orientations of major global BFs and the identification of the specific role of (local) BFs in the Abruzzo Region (Italy). The main result of the study is the observation of the areas of sustainability where BFs make their greatest contribution and the ways through which they act.
The Determinants of Sustainability Reporting: Evidence for Portuguese Listed Corporations
The Determinants of Sustainability Reporting: Evidence for Portuguese Listed Corporations
(The Determinants of Sustainability Reporting: Evidence for Portuguese Listed Corporations)
- Author(s):Vanda Roque, Sonia Monteiro, Ines Moreira
- Language:English
- Subject(s):Social Sciences
- Page Range:55-64
- No. of Pages:10
- Keywords:Sustainability; Sustainability Reporting; Determinant factors
- Summary/Abstract:This paper aims to analyze the sustainability reporting of Portuguese listed corporations between 2019 and 2022, as well as to identify its determinant factors. The study utilizes content analysis to construct four sustainability reporting indices (economic, environmental, social, and global). Panel regression is employed to explore the determinant factors of each index. Findings indicate a growth in sustainability reporting, with corporations predominantly disclosing environmental information. Panel regression results suggest that larger companies are more inclined to disclose sustainability information, particularly of an economic nature. The quality of the auditor and notoriety and visibility achieved by being included in PSI only seem to affect the environmental reporting. The study is constrained by a small sample size and a focus solely on Portuguese listed corporations, limiting result generalization. Additionally, the period of analysis includes the years of the COVID-19 pandemic, which may influence not only sustainability reports but also financial results.
Disclosure Practices of the Sustainable Development Goals in the Healthcare Sector: The Case of Portuguese Hospital Sector
Disclosure Practices of the Sustainable Development Goals in the Healthcare Sector: The Case of Portuguese Hospital Sector
(Disclosure Practices of the Sustainable Development Goals in the Healthcare Sector: The Case of Portuguese Hospital Sector)
- Author(s):Veronica Ribeiro, Sonia Monteiro
- Language:English
- Subject(s):Social Sciences
- Page Range:65-75
- No. of Pages:12
- Keywords:Sustainable Development Goals; 2030 Agenda; Health sector; Portuguese hospitals; Disclosure practices; Websites
- Summary/Abstract:This paper aims to analyze the disclosure practices of the Sustainable Development Goals (SDGs) on the websites of Portuguese hospitals. A content analysis was conducted on the websites of 84 Portuguese hospitals, searching for the keywords ‘SDGs,’ ‘sustainable development goals,’ ‘2030 agenda,’ and ‘sustainability.’ For the generated results, the general and specific mention of the SDGs, the location of the information on the website, and the existence of sustainability reports and their alignment with the SDGs were investigated. The results revealed that SDGs/2030 Agenda /Sustainability is mentioned on only 9 of the websites of Portuguese hospitals. Among these, only 5 disclose the SDGs, either in a general or specific manner. The majority belongs to the private sector. Regarding information location, it is more likely to find information in non-financial reports published on websites than in thematic sections specifically dedicated to the 2030 Agenda/SDGs. These findings represent a significant gap in the promotion and dissemination of sustainable development practices in the healthcare sector. The results are limited to the availability of information based on keyword searches, considering the existence of at least one mention of the concept of SDGs, 2030 Agenda, or Sustainability, without assessing the quantity or quality of the disclosed information.
Mapping Eco-Innovation Dynamics in the EU: A Neural Network Approach
Mapping Eco-Innovation Dynamics in the EU: A Neural Network Approach
(Mapping Eco-Innovation Dynamics in the EU: A Neural Network Approach)
- Author(s):Miljana Talić, Žarko Rađenović, Ivana Janjić
- Language:English
- Subject(s):Social Sciences
- Page Range:77-86
- No. of Pages:10
- Keywords:Eco-innovation index; Environmental impact; Eco-innovation performance; Sustainable development
- Summary/Abstract:This paper compares the eco-innovation performance of EU member states based on the eco-innovation index. The comparison was made between two periods, 2013-2017 and 2018-2022, taking into account five groups of indicators of the eco-innovation index. The authors used a software solution grounded on neural networks to determine the correlation, relationship structure, and contribution of the indicators for eco-innovation performances. The research paper seeks to provide novel insights into the complex relationships between different variables influencing eco-innovation, thereby enhancing the understanding of sustainable development pathways in the EU. The structure of the neural network showed the importance of certain indicators that contributed the most to the value of the eco-innovation index. The results showed that in the first period, the best overall performance was achieved in the areas of REO and SCO, while in the second period, in addition to REO and SCO, EA also stood out.
The Impact of COVID-19 Pandemic on Agri-Food and Biofuel Sector in the EU
The Impact of COVID-19 Pandemic on Agri-Food and Biofuel Sector in the EU
(The Impact of COVID-19 Pandemic on Agri-Food and Biofuel Sector in the EU)
- Author(s):Zuzana Kapustova, Mária Urbánová, Izabela Adamičkova, Peter Bielik
- Language:English
- Subject(s):Social Sciences
- Page Range:87-95
- No. of Pages:10
- Keywords:Biofuels; COVID-19; Food; Prices; Sustainability
- Summary/Abstract:Biofuels refer to sustainable alternatives derived from biomass to replace fossil fuels, contributing significantly to reducing carbon dioxide emissions. However, the biofuel and food price debate is a long-standing, controversial one, with wide-ranging views, both in the public debate and in the scientific literature. The major problem of preferred feedstocks for the 1st generation biofuel production is that these feedstocks are also used for food and feed production. Moreover, there is persistent concern that biofuels compete with food production and that increasing biofuels prices lead to an increase in agricultural commodity prices. The lockdowns as a consequence of the COVID-19 pandemic hit the biofuel sector and reduced demand for all transport modes as energy demand around the world has decreased by 18 – 25%. Lower demand for biofuels affects the demand for its feedstocks, maize and oilseeds, which, in turn, affect the markets for other crops and animal products. The paper intends to provide an expert perspective on the issue of the consequences of the COVID-19 pandemic on agri-food and biofuel sector in the EU –the world leader in the production and use of biodiesel for transport. More specifically, the linkages between the first-generation biofuels and agri-food commodity prices will be examined using co-integration analysis and VECM-type models.
Using Particular Time Series Algorithms to Model Natural Gas Indicators for the US
Using Particular Time Series Algorithms to Model Natural Gas Indicators for the US
(Using Particular Time Series Algorithms to Model Natural Gas Indicators for the US)
- Author(s):Ion-Florin Raducu, Stelian Stancu
- Language:English
- Subject(s):Social Sciences
- Page Range:97-107
- No. of Pages:12
- Keywords:Seasonal autoregressive integrated moving average; Time series; Natural gas
- Summary/Abstract:Natural gas is a gaseous material that primarily consists of hydrocarbons. This is a primary component of energy resources and a fossil fuel. Its primary attribute is that it produces energy with great efficiency while generating negligible amounts of pollution. Natural gas is used in a wide range of industries. It is widely used as fuel for automobiles, to produce electricity, and for home heating. Because of its benefits, which include lower carbon emissions than other energy sources, natural gas is a desirable choice for both consumers and businesses. The purpose of this paper is to use the SARIMA (Seasonal Autoregressive Integrated Moving Average) model and the additive Holt-Winters model to forecast changes in natural gas prices in the United States and compare both models. These are a few of the most popular models for forecasting and time-series analysis.
Unveiling the Sustainable Supply Chain Management Imperative: Bridging the Gap in Emerging Economies
Unveiling the Sustainable Supply Chain Management Imperative: Bridging the Gap in Emerging Economies
(Unveiling the Sustainable Supply Chain Management Imperative: Bridging the Gap in Emerging Economies)
- Author(s):Aylin Pupo Perez, Luminita Parv, Gheorghe Oancea
- Language:English
- Subject(s):Social Sciences
- Page Range:109-117
- No. of Pages:10
- Keywords:Sustainable Supply Chain Management; Emerging economies; Literature review
- Summary/Abstract:In today’s global marketplace, there is a growing recognition that supply chain management must integrate environmental and social considerations with economic factors. This paradigm shift has led to a growing interest in sustainable supply chain management in recent years. However, there remains a significant gap in research attention towards sustainable supply chain management in emerging economies compared to other economic contexts. This study undertakes a thorough review of the academic literature on sustainable supply chain management in emerging economies to uncover the reasons for this disparity. The findings of this research shed light on the specific challenges and nuances that emerging economies face in addressing sustainability within their supply chains.
The Digital Transformation of Higher Education: The Role of Artificial Intelligence and Chatbots
The Digital Transformation of Higher Education: The Role of Artificial Intelligence and Chatbots
(The Digital Transformation of Higher Education: The Role of Artificial Intelligence and Chatbots)
- Author(s):Ekaterina Tosheva, Luben Boyanov
- Language:English
- Subject(s):Social Sciences
- Page Range:119-128
- No. of Pages:10
- Keywords:Digital transformation; Higher education; Chatbots; Development; Sustainability
- Summary/Abstract:The development of new digital resources and tools in education has catalyzed its transformation, aiming to achieve better outcomes for students and foster more fulfilling relationships in the educational process. Smart technologies have been, and continue to be, pivotal in the global transformation of the educational space. This paper examines the main trends related to the digital transformation of higher education, with a focus on the burgeoning role of artificial intelligence (AI) and its most popular application—chatbots. Based on a survey of students, this study explores new possibilities for knowledge acquisition and the further digitization of higher education. The increasing use of chatbots holds significant potential for enhancing university-level economics teaching. Despite certain risks associated with this technology, it is clear that chatbots can significantly contribute to the digitalization efforts within universities and make an additional impact on the sustainability of educational progress and development.
The Validation of Sustainable Clothing Measurement Scale in Romania
The Validation of Sustainable Clothing Measurement Scale in Romania
(The Validation of Sustainable Clothing Measurement Scale in Romania)
- Author(s):Anastasia COSMA
- Language:English
- Subject(s):Social Sciences
- Page Range:129-137
- No. of Pages:10
- Keywords:Sustainable Clothing Measurement Scale (SCMS); Sustainability; Sustainable clothing; Scale development
- Summary/Abstract:This study endeavors to provide empirical support for the validity and reliability of the Sustainable Clothing Measurement Scale (SCMS). The scale, which comprises general sustainability and sustainable clothing, encompasses two subdomains within the sustainable clothing domain, namely knowledge and attitudes towards sustainability and sustainable clothing consumption. The study engaged a sample of 1,250 Romanian participants. To assess reliability, Cronbach’s alpha coefficients were computed for the thirteen-item scale, the general sustainability and sustainable clothing domains, and their respective subdomains. Furthermore, to investigate construct validity, both exploratory factor analysis (EFA) and confirmatory factor analysis (CFA) were employed, utilizing commonly applied indices such as the Chi-square, comparative fit index (CFI), Tucker-Lewis Index (TLI), root mean square error of approximation (RMSEA), and other well-known indicators. Findings exhibit strong reliability and validity of the scale, with high internal consistency and significant correlations between the identified dimensions. This research offers a tool for assessing sustainability and sustainable clothing knowledge and attitudes, in the context of consumer behavior studies, and industry practices.
Exploring the Impact of Business Travel on Employee Well-Being: A Focus on Leisure Opportunities
Exploring the Impact of Business Travel on Employee Well-Being: A Focus on Leisure Opportunities
(Exploring the Impact of Business Travel on Employee Well-Being: A Focus on Leisure Opportunities)
- Author(s):Jetmir Muja, Albana Borici, Ardita Borici
- Language:English
- Subject(s):Social Sciences
- Page Range:139-150
- No. of Pages:12
- Keywords:Bleisure travel; Sustainable tourism; Travel satisfaction; Employee well-being; Work-life balance
- Summary/Abstract:For the modern business traveler, the idea of working most of the time and not having fun is changing and more emphasis is given to the balance between business and leisure. Companies are recognizing the importance of relaxation during working trips, whereas technology is helping travelers find leisure opportunities easily. The theme in travel and tourism research has been largely focused on leisure tourism, neglecting the changing landscape of business travel. The aim of this research is to explore the relationship between business trips and leisure activities while explaining the role of travel satisfaction on well-being. The term ‘bleisure’ is frequently used these days to describe professionals traveling domestically and internationally for work while taking time to enjoy leisure activities. Motivated by the desire to maximize travel opportunities and enhance work-life balance, bleisure travelers seamlessly integrate leisure activities into their business trips. The findings of the study highlight that 68% of domestic business travelers on their business trips incorporate some leisure activities, while 83% of international business travelers add leisure activities to their business trips. This hybrid, new form of travel, where travelers integrate work-related activities with leisure pursuits offers the opportunity to achieve higher levels of satisfaction. Travel satisfaction and well-being intertwine as individuals embark on journeys to new destinations, seeking new experiences and a chance for personal growth. This study highlights how integrating leisure activities into business travel aligns with sustainable tourism practices by fostering cultural exchange, boosting local economies, and reducing travel redundancy. By recognizing the value of travel satisfaction and well-being, businesses can enhance employee satisfaction while contributing to sustainable tourism and promoting long-term success and growth.
Travel Trends Among Generation Z: A Focus on Knowledge-Based Sustainable Developmen
Travel Trends Among Generation Z: A Focus on Knowledge-Based Sustainable Developmen
(Travel Trends Among Generation Z: A Focus on Knowledge-Based Sustainable Developmen)
- Author(s):ANCA-LAURA ASANDULUI, Gina Ionela Butnaru, Cristiana Melinte
- Language:English
- Subject(s):Social Sciences
- Page Range:151-159
- No. of Pages:10
- Keywords:Generation Z; Travel trends; Sustainable development; Knowledge
- Summary/Abstract:In recent years, the impact of tourism on environmental degradation has intensified the focus on knowledge-based sustainable development, as research increasingly identifies tourism as a major contributor to environmental pollution and damage. This study explores Generation Z’s preference for naturebased tourism, a group known for their environmental consciousness. The present study aims to identify the travel trends of Generation Z youth in the context of sustainable knowledge-based development. Questionnaires were administered to students and masters from tourism-specialized higher education institutions, and structured interviews were conducted with representatives of institutions and organizations in the tourism sector. The research area is the North-East Region of Romania. Findings indicate a relationship between the travel preferences of young people towards natural settings and their awareness of environmental quality. Therefore, there is an increase in the awareness of natural values among young tourists of this generation and a growing involvement from institutions and organizations in the tourism sector. The study contributes to existing literature by identifying sustainable travel trends among Generation Z, analyzed from both the perspectives of young people, and representatives of institutions and organizations within the tourism sector.
