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Book part
Publication date: 29 July 2019

Bruno S. Sergi, Elena G. Popkova, Anastasia A. Sozinova and Olga V. Fetisova

This chapter models industrial, tech, and financial cooperation between Russia and the countries of the Asia-Pacific region. We use several complex methods of economic and…

Abstract

This chapter models industrial, tech, and financial cooperation between Russia and the countries of the Asia-Pacific region. We use several complex methods of economic and mathematical modeling to analyze specific features of such cooperation and determine critical factors in industrial, technological, and financial development. The preferable choice for the Asia-Pacific region is cooperation with Russia, which is ready for an increase in imports of industrial and high-tech products as well as joint industrial innovational entrepreneurship. Investments would lead to synergetic effects, ensuring simultaneous industrial, technological, and financial development.

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Tech, Smart Cities, and Regional Development in Contemporary Russia
Type: Book
ISBN: 978-1-78973-881-0

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Book part
Publication date: 15 April 2019

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Entrepreneurship and Development in the 21st Century
Type: Book
ISBN: 978-1-78973-233-7

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Article
Publication date: 25 December 2020

Gyanendra Singh Sisodia, Raweya Alshamsi and Bruno S. Sergi

This study aims to evaluate a hydroponic farm (through nutrient film technique) while considering uncertainty, sustainability and the system's utility in the dominant…

Abstract

Purpose

This study aims to evaluate a hydroponic farm (through nutrient film technique) while considering uncertainty, sustainability and the system's utility in the dominant desert geography. The idea of the hydroponic farm is to allow individuals/businesses to grow plants. Given the geographical condition, the hydroponic system may be useful in the Gulf context and may lead to food security and sustainability. Additionally, the UAE government has initiated several support schemes that can be availed for investing in such businesses that can contribute to the nation's food security.

Design/methodology/approach

The hydroponic farm is evaluated using the net present value and real options approach. The authors studied five scenarios: 1. business as usual, 2. 50% subsidy on initial investment through Khalifa funding, 3. 4% premium, 4. Subsidy plus premium and 5. solar panel installation with bore well.

Findings

As per the assumptions and data usage, all the scenarios shows a positive net present value (NPV); Nevertheless, scenarios 4 and 5 report the significant highest net present and delay value.

Research limitations/implications

This study has environmental, economic and social implications. Lower imports indirectly lead to lower carbon footprints. The local production of food ensures higher employability in the sector and increase in local consumption. Additionally, fresh food consumption is directly associated to good health.

Practical implications

Supportive policies such as subsidies through Khalifa funding may accelerate the expansion of such projects through domestic and foreign investments. One of the important takeaway from the study is to invest in the training of the workforce.

Social implications

Given the geographical condition, the UAE usually depends on food imports. If the hydroponic farms become popular, the residents will have access to fresh vegetables and fruits. Higher engagement in agriculture activities also ensures a significant increase in agriculture-related businesses and higher employability.

Originality/value

The study adds novelty to the literature because the effect of Khalifa funding and investment analysis on solar (wells) has not been evaluated in any hydroponic studies. We presented the results with tornado graphs using NPV risk and real options approach in the Gulf context. The study represents functional scenarios that were previously not found in the literature.

Details

British Food Journal, vol. 123 no. 4
Type: Research Article
ISSN: 0007-070X

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Book part
Publication date: 6 November 2018

Elena G. Popkova and Bruno S. Sergi

This chapter elaborates on Industry 4.0 and the Internet of Things to develop a strategy of optimization and achieve sustainable industrial development of Russia. We…

Abstract

This chapter elaborates on Industry 4.0 and the Internet of Things to develop a strategy of optimization and achieve sustainable industrial development of Russia. We propose a framework strategy for perfecting the process of management of Industry 4.0 in Russia. The provision of the development strategy with financial resources is to be ensured by a public–private partnership and implementation of transnational initiatives for cooperation in the sphere of Industry 4.0. The critical result of this chapter is that Industry 4.0 must become a top-priority direction of modernization and sustainable growth.

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Exploring the Future of Russia’s Economy and Markets
Type: Book
ISBN: 978-1-78769-397-5

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Understanding Industry 4.0: AI, the Internet of Things, and the Future of Work
Type: Book
ISBN: 978-1-78973-312-9

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Book part
Publication date: 29 July 2019

Bruno S. Sergi, Elena G. Popkova, Aleksei V. Bogoviz and Julia V. Ragulina

This chapter analyzes the technological growth of the modern Russian economy through the prism of evaluating its effectiveness from the position of costs and profits. It…

Abstract

This chapter analyzes the technological growth of the modern Russian economy through the prism of evaluating its effectiveness from the position of costs and profits. It also determines the factors of this growth and develops recommendations for managing them in the interests of acceleration of rate and increase of effectiveness of technological growth of the modern Russian economy. While technological growth in Russia shows high effectiveness, the model of technological growth in Russia has its specifics, connected to the unconventional influence of a standard set of the factors on technological growth. The influence of the factor of the number of organizations that implement R&D is insignificant, and the influence of the number of personnel involved with R&D, volume of private expenditures for R&D, and the number of used leading production technologies is negative (reverse). We offer recommendations for increasing the effectiveness of technological growth of the modern Russian economy, which are connected to increase of the volume of state expenditures for R&D (recommended volume – USD 35.09, its growth as compared to 2018 constitutes 191.76%) and increase of the number of developed leading production technologies (recommended number of these technologies – 2350.05, its growth as compared to 2018 constitutes 62.34%).

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Tech, Smart Cities, and Regional Development in Contemporary Russia
Type: Book
ISBN: 978-1-78973-881-0

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Book part
Publication date: 23 May 2019

Bruno S. Sergi, Elena G. Popkova, Aleksei V. Bogoviz and Yulia V. Ragulina

The purpose of the article is to study the recent tendencies of growth of Russia’s agro-industrial complex (AIC), determine the optimal scenario of its development, and…

Abstract

The purpose of the article is to study the recent tendencies of growth of Russia’s agro-industrial complex (AIC), determine the optimal scenario of its development, and develop recommendations in the sphere of state regulation for its practical implementation. While there are tendencies of growing production and increase in Russia’s export, against this background, there is a tendency of quicker increase of import of food – if it continues, positive balance of foreign trade of food products in 2018 will turn into negative balance in 2020–2024. Though efficiency of crop farming is peculiar for a tendency of quick growth, efficiency of animal breeding is stable, which does not allow overcoming the growing deficit of food in Russia, which grows under the influence of the tendency of wear of fixed funds and slow implementation of new fixed funds due to insufficient financing. Scenarios of mid-term (i.e., until 2024) growth of Russia’s AIC are compiled, of which the most optimal is scenario that requires technological advancements, due to which increase in the value of index of food security up to 85.00 points (27%) will be achieved and the set goals of growth and development of Russia’s AIC will be reached. For a successful optimal scenario of the growth of Russia’s AIC, we offer recommendations in the sphere of state regulation of its digital modernization: adoption of the national strategy of transition to AIC 4.0 within the program “Digital economy of the RF,” development of import substitution in the AIC with emphasis on B2B markets, preparation of the technological platform for transition to AIC 4.0, and sufficient financing for digital modernization of the AIC.

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Modeling Economic Growth in Contemporary Russia
Type: Book
ISBN: 978-1-78973-265-8

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Book part
Publication date: 2 August 2021

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Entrepreneurship for Social Change
Type: Book
ISBN: 978-1-80071-211-9

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Book part
Publication date: 2 August 2021

Elena G. Popkova and Bruno S. Sergi

The purpose of this chapter is to determine the optimal path of development of social entrepreneurship in Russia and Central Asian countries by performing a scenario…

Abstract

The purpose of this chapter is to determine the optimal path of development of social entrepreneurship in Russia and Central Asian countries by performing a scenario analysis of the development of social entrepreneurship and analyzing the opinions of interested parties regarding the outcome of social entrepreneurship in Russia and Central Asian states. The authors’ recommendations for the practical implementation of the optimal path of social entrepreneurship development are described.

The scenario analysis of statistical data showed that the existing practice of standardization of social companies’ activities hinders their executing their functions on raising the quality of life. With the expansion of freedom of social entrepreneurship, the population’s quality of life grows; on the contrary, the increase of state regulation leads to its reduction. The findings show that social entrepreneurship in Russia and Central Asian countries is interested in private investments and social companies’ employees. That is why the representatives of these categories of concerned parties support de-regulation. Consumers of social goods and services are interested in obtaining them freely and thus prefer standardization.

This chapter presents a new direction of social entrepreneurship analysis – by determining the correlation between economic freedom and quality of life. This opens an opportunity for thorough social entrepreneurship research based on authentic and objective quantitative (statistical) data. The obtained conclusions and offered recommendations allow using the mechanism of public–private entrepreneurship for turning social entrepreneurship into something more valuable and useful – a tool for increasing the quality of the population’s life.

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Book part
Publication date: 23 May 2019

Konstantin V. Krinichansky and Bruno S. Sergi

This chapter examines the effects of financial deepening on the sources of economic growth in Russia. Previous empirical literature based on cross-country studies…

Abstract

This chapter examines the effects of financial deepening on the sources of economic growth in Russia. Previous empirical literature based on cross-country studies presented the evidence that in developing countries financial development affects capital accumulation more than productivity growth. We tested this proposition with panel data from 75 regions of Russia’s regions between 2008 and 2015 using system generalized method of moments techniques. Our results are not consistent with this proposition: the effect of finance on output growth occurs primarily through productivity; the positive influence of finance on capital accumulation is less significant, which is more typical for developed countries. This outcome can be explained by the fact that structural problems in Russia and developed countries are somewhat similar. More helpful for Russian economy are tools that would help business get a more profound effect from efforts to promote innovation and boost productivity than from increasing investment by expanding credit.

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