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Quantitative Assessment of the Dynamics of Socioeconomic Processes

Author

Listed:
  • Romualdas Ginevicius

    (Bialystok University of Technology, Bia³ystok, Poland)

  • Martin Schieg

    (Technical University of Munich, Munich, Germany)

  • Magdalena Kot-Radojewska

    (WSB University, D¹browa, Poland)

  • Marta Jarocka

    (Bialystok University of Technology, Bia³ystok, Poland)

Abstract

The efficiency of correlation-regression analysis would significantly expand if both of its essential variables – a dependent and an independent – conveyed the information on the dynamic rather than static state of a phenomenon under consideration. For this objective, the dynamic development of the socioeconomic processes should be based on the quantitative assessment. Existing methodologies call for improvement as they do not fully reflect the state of particular phenomena. In this article, authors provide the quantitative assessment methodology to analyse the dynamics of socioeconomic processes. It was applied for assessing real situations, which confirmed adequacy and applicability of this methodology.

Suggested Citation

  • Romualdas Ginevicius & Martin Schieg & Magdalena Kot-Radojewska & Marta Jarocka, 2021. "Quantitative Assessment of the Dynamics of Socioeconomic Processes," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 23(57), pages 504-504.
    • Handle: RePEc:aes:amfeco:v:23:y:2021:i:57:p:504
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    References listed on IDEAS

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    1. Joanna Ejdys & Alina Matuszak-Flejszman & Michał szymanski & Leonas Ustinovichius & Galina Shevchenko & Agata Lulewicz-Sas, 2016. "Crucial factors for improving the ISO 14001 environmental management system," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 17(1), pages 52-73, February.
    2. Yoram Wind & Thomas L. Saaty, 1980. "Marketing Applications of the Analytic Hierarchy Process," Management Science, INFORMS, vol. 26(7), pages 641-658, July.
    3. Swati Sinha Babu & Soumyendra Datta, 2015. "Revisiting the link between socio-economic development and environmental status indicators—focus on panel data," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 17(3), pages 567-586, June.
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    Cited by:

    1. Romualdas Ginevičius & Yuriy Bilan & Grzegorz Kądzielawski & Miloslav Novotny & Tomasz Kośmider, 2021. "Evaluation of the Sectoral Energy Development Intensity in the Euro Area Countries," Energies, MDPI, vol. 14(17), pages 1-12, August.

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    More about this item

    Keywords

    socioeconomic processes; their fluctuations; quantitative assessment of the fluctuation dynamics.;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical

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