Crisis after the Crisis: Economic Development in the New Normal: 2021 International Conference of Economic Scientific Research - Theoretical, ... Proceedings in Business and Economics)

This book presents economic research on global paradigm shifts after the COVID-19 crisis. It explores some expected deep and long-lasting changes that are building up a “new normal”. Featuring select contributions presented at the 2021 International Conference of Economic Scientific Research - Theoretical, Empirical and Practical Approaches (ESPERA), this book explores topics such as digitalization and digital sovereignty, workforce management, virtual training, digital currency, de-carbonization in production processes, supply chains, cybersecurity, automation, artificial intelligence, machine learning, Internet of Things and blockchain technologies. Preface Contents Chapter 1: Synthetic Composite Indicators for Monitoring Changes in Countries ́ Development Rankings - A Bibliometric Analysis 1.1 Introduction 1.2 Literature Review 1.3 Methodology 1.4 Results and Discussions 1.4.1 General Inquiry - Topics ``Convergence Index ́ ́ AND ``Multidimensional Index ́ ́ AND ``Country Ranking ́ ́ AND ``Internationa... 1.4.2 In-Depth Inquiry: Topics ``Composite Indicator ́ ́ and ``Index ́ ́ 1.5 Conclusions References Chapter 2: Motivation `After Work ́: The Right to Retire Versus the Right `Not to Retire ́ 2.1 Introduction 2.2 Literature Review 2.3 Methodology 2.4 The Obsession of Retirement Versus the Economics of Longevity 2.5 Several Conclusions References Chapter 3: Assessment Models of the Digital Economy and Knowledge-Based Societies in Europe 3.1 Introduction 3.2 Literature Review 3.3 Methodology 3.4 Analysis/Results Interpretation 3.5 Conclusions References Chapter 4: Economic Growth Through Financial Development: Empirical Evidences from New Member States and Western Balkan Countr... 4.1 Introduction 4.2 Literature Review 4.2.1 Economic Growth Through Financial Development 4.2.2 Link Between Remittances and Financial Development 4.3 Methodology 4.3.1 Source of Data 4.3.2 Empirical Strategies 4.3.3 Graphical Analysis Across NMS and WBC 4.3.4 Panel Unit Root Test 4.4 Results and Discussions 4.4.1 Panel Threshold Regression 4.4.2 System GMM Estimation 4.5 Conclusion References Chapter 5: Capital Markets Union and International Risk-Sharing 5.1 Introduction 5.2 Literature Review 5.3 Methodology 5.4 Results Interpretation 5.5 Conclusions References Chapter 6: FESBAL-UPM Food Bank Chair and the Service-Learning Projects from the `Working With People ́ Perspective 6.1 Introduction 6.1.1 Service-Learning Projects (SLP) 6.1.2 Methodology: WWP-SLP 6.2 Results 6.2.1 Training and Educational Cooperation Activities 6.2.2 Activities to Promote Research, Development and Innovation 6.2.3 Dissemination and Knowledge Transfer Activities 6.3 Conclusions References Chapter 7: Economic Aspects of the Innovative Alternatives Use in Agriculture 7.1 Introduction 7.2 Methodology 7.3 Results 7.4 Conclusion References Chapter 8: Scenarios for the Allocation of Direct Payments under the CAP National Strategic Plan 2023-2027: Coupled Support 8.1 Introduction 8.2 Literature Review 8.3 Methodology 8.4 Results Interpretation 8.5 Conclusions References Chapter 9: Romanian Agri-Food Products Competitiveness - An Analysis Using Trade Balances and Unit Values: Did the COVID-19 Cr... 9.1 Introduction 9.2 Literature Review 9.3 Methodology 9.4 Analysis/Results Interpretation 9.4.1 General Trends of the Romanian Agri-Food Trade 9.4.2 Trade Balances and Unit Values in the Romanian Agri-Food Trade 9.4.3 Changes in the Romanian Agri-Food Trade in 2020-2021 (Years Under COVID-19 Restrictions) 9.5 Conclusions References Chapter 10: The Economic and Social Impact of Increasing Electricity Prices: Estimates, Analysis and Predictions 10.1 Introduction 10.2 Literature Review 10.3 Research Methodology 10.4 Research Results and Discussions 10.5 Conclusions References Chapter 11: Maintaining Green Goals in Disruptive Times: Evidences from the European Energy Sector 11.1 Introduction 11.2 Literature Review 11.3 Methodology and Framework 11.4 Results and Discussions 11.5 Implications, Conclusions, and Future Research References Chapter 12: Transition to a Low-Carbon Economy and the Impact on the Urban Regeneration Process 12.1 The Climate Transition Process 12.1.1 Identifying the Affected Territories 12.1.2 Just Transition and the Green Deal in Prahova County 12.2 Literature Review 12.2.1 Urban Regeneration in the Context of a Just Transition 12.2.2 Barosio, Eynard, Marietta, Marra, et al. 12.2.3 Roberts Peter, Sykes Hugh, Granger Rachel 12.2.4 Nae Mariana 12.2.5 Juan Rubio del Val 12.2.6 tefănescu, Mihaela Weitere Beteiligte: Bălan, Lidia-Lenua; Radu, Laureniu 12.2.7 Mario Pianta, Matteo Lucchese 12.3 Methodology 12.4 Analysis/Results Interpretation 12.4.1 Just Transition in Romania 12.4.2 The Present Situation in Prahova County 12.4.3 The Affected Territory for a Just Transition, in Prahova County 12.4.4 The Economic Situation in Prahova County 12.4.5 Main Directions of Economic Development in Prahova County for an Integrated Urban Development in the Context of Reducin... 12.5 Conclusions References Chapter 13: Analysis of Changes Induced by the COVID-19 Crisis in the Structure of Daily Electricity Consumption 13.1 Introduction 13.2 Literature Review 13.3 Data and Methodology 13.4 Econometric Models 13.5 Results and Discussions 13.6 Conclusion ANNEX: Unit Root Tests for Hourly Electricity Real Consumption References Chapter 14: The Importance of R & D in Reducing CO2 Emissions from Passenger Transport 14.1 Introduction 14.2 Literature Review 14.3 Methodology 14.4 Results and Discussions 14.5 Conclusions References Chapter 15: The Effects of the COVID-19 Pandemic on the Tourism Sector: New Challenges 15.1 Introduction 15.2 Literature Review 15.3 Methodology 15.4 Results and Interpretation 15.5 Conclusions References Chapter 16: Effects of COVID-19 Pandemic Crisis on Vulnerable Groups in Romania: Social Policy Responses 16.1 Introduction 16.1.1 Methodology 16.2 Literature Review 16.2.1 Deontological Requirements in Analysing the COVID-19 Pandemic Crisis 16.2.2 Romania by the Beginning of COVID-19: Mitigation by Policies 16.2.3 Ongoing Effects of the COVID-19 Crisis in Romania 16.3 Analysis/Results Interpretation 16.3.1 Amassed Crises in the COVID-19 Pandemic: Changes in the Quality-of-Life Profile 16.3.2 What Will the Future Profile of the Quality of Life Look Like? We Currently Have More Questions Than Answers 16.4 Replacing Conclusions: COVID-19 Relief Starting Points References Reports Chapter 17: Special Employment Centers: The Spanish Response to the Insertion of People with Functional Diversity and Its Impa... 17.1 Introduction 17.2 Literature Review 17.3 Methodology 17.4 Analysis/Results Interpretation 17.5 Conclusions References Chapter 18: Geospatial Characteristics of Unemployment for the Period 2010-2020 in the South-West Oltenia Development Region, ... 18.1 Introduction 18.2 Literature Review 18.3 Study Area 18.4 Methodology 18.5 Results and Discussions 18.5.1 Regional and County Analyses 18.5.2 Analyses at NUTS 3 Territorial Administrative Unit Level 18.5.3 Comparative Rural-Urban and Urban Locality Analyses 18.6 Conclusions References Chapter 19: Urban Village: A Trend Accentuated by the COVID-19 Pandemic - Analysis of the Bucharest-Ilfov Region 19.1 Introduction 19.2 Literature Review 19.3 Analysis and Results Interpretation 19.3.1 Migration from City to Village: A Trend Accentuated by the COVID-19 Pandemic 19.3.2 Analysis of the Bucharest-Ilfov Region 19.3.3 Investments in Rural Areas 19.4 Conclusion References Chapter 20: Nature-Based Solutions for Green Infrastructure Development 20.1 Introduction 20.2 Literature Review 20.3 Methodology 20.4 Analysis/Results Interpretation 20.4.1 Decontamination Approach in Romania 20.4.2 Barriers Regarding Restoration of Contaminated Sites 20.4.3 A Different Approach and its Benefits 20.5 Conclusions References Chapter 21: Hotel Management in the Twenty-First Century: Opportunities, Threats, and Implications 21.1 Introduction 21.2 Dynamics of the Hotel Environment in the Twenty-First Century 21.3 Implications for the Hotel Management 21.4 Conclusion References Chapter 22: Digital Divide and Employment: From Job Disruption to Reskilling Workers for the Future World of Work 22.1 Introduction 22.2 Literature Review 22.3 Methodology 22.4 Results and Comments 22.4.1 Statistical Analysis of Selected Indicators and Informational Value for the Purpose of the Analysis 22.4.2 Research Hypothesis Results and Comments 22.5 Conclusions References Chapter 23: Global Ethics: A Potentially Integrative Paradigm of Sustainable Development for the New Economy 23.1 Introduction 23.1.1 Global Shocks Demand Global Development Paradigms 23.1.2 Arguments in Favor of a Global Development Paradigm 23.2 Literature Review 23.2.1 Global Ethics 23.2.2 New Economy: The Economy of Sustainability 23.2.3 Sustainable Development and Ethical Aspects 23.2.4 Global Ethics and Sustainability 23.3 Methodology 23.4 Results and Discussions 23.5 Conclusions References Chapter 24: How Resilient Is the Labor Market After a Crisis? A Comparative Analysis of the Effects Generated by the Financial... 24.1 Introduction 24.2 Literature Review 24.3 Methodology 24.4 Analysis/Result Interpretation 24.4.1 The Effects of Crises on Employment and the Balance of the Labor Market 24.4.2 The Effects of Crises on the Demand for Work and the Influence on the Change in Share of NEETs and Job Vacancy Rate 24.4.3 The Resilience of the Labor Market 24.4.4 Empirical Analysis 24.4.4.1 Vector Autoregression (VAR) Model 24.4.4.2 Vector Error Correction (VEC) Model 24.5 Conclusions Annexes References Chapter 25: Investigating the Economic and Social Impact Induced by Electricity Prices 25.1 Introduction 25.2 Literature Review 25.3 Methodology 25.4 Analysis/Results ́ Interpretation 25.5 Conclusions References Chapter 26: The Short Cycles of Labour Market Operation and Industrial Relations in Interwar Romania 26.1 Introduction 26.2 Literature Review 26.3 Methodology 26.4 Analysis/Results Interpretation 26.4.1 Features of the Labour Market Disequilibria in Romania During the 1919-1939 Period 26.4.2 The Changes of the Institutional Framework of Industrial Relations 26.4.3 The Evolution of the Forms of Organization of the Main Stakeholders of Industrial Relations 26.4.4 The Short Cycles of Labour Market During the Interwar Period 26.4.5 The Features of Labour Conflicts in the Context of Short Cycles of Labour Market 26.5 Conclusions References Chapter 27: Urbanization and the Crisis of Natural Resources in the Context of Sustainable Development 27.1 Introduction 27.2 Study Area 27.3 Methodology 27.4 Analysis/Results Interpretation 27.5 Discussions 27.6 Conclusions References Conclusions and Follow-Ups