IDEAS home Printed from https://ideas.repec.org/a/gam/jmathe/v10y2022i14p2452-d862511.html
   My bibliography  Save this article

Industry 4.0 Wireless Networks and Cyber-Physical Smart Manufacturing Systems as Accelerators of Value-Added Growth in Slovak Exports

Author

Listed:
  • Katarina Valaskova

    (Faculty of Operation and Economics of Transport and Communications, University of Zilina, Univerzitna 1, 010 26 Zilina, Slovakia)

  • Marek Nagy

    (Faculty of Operation and Economics of Transport and Communications, University of Zilina, Univerzitna 1, 010 26 Zilina, Slovakia)

  • Stanislav Zabojnik

    (Faculty of Commerce, University of Economics in Bratislava, Dolnozemska Cesta 1, 852 35 Bratislava, Slovakia)

  • George Lăzăroiu

    (Department of Economic Sciences, Spiru Haret University, 030045 Bucharest, Romania)

Abstract

Industry 4.0 integrates smart and connected production systems that are pivotal in predicting and supporting production in real-time, leading to sustainable organizational performance. In manufacturing, it may increase productivity, sustainability, and energy efficiency, while optimizing competitiveness. The main purpose of this paper is to determine the impact of Industry 4.0 on the Slovak economy through a secondary data analysis in the automotive industry, which is the leading sector in the country. The paper aims to provide a comprehensive analysis of the various opportunities that are available in the value-added growth of car exports in Slovakia. It also explores the case study of PSA Group Slovakia, which highlights the importance of the Industry 4.0 concept in boosting the country’s export growth. The paper proposes a series of recommendations and steps to improve Slovakia’s innovation environment.

Suggested Citation

  • Katarina Valaskova & Marek Nagy & Stanislav Zabojnik & George Lăzăroiu, 2022. "Industry 4.0 Wireless Networks and Cyber-Physical Smart Manufacturing Systems as Accelerators of Value-Added Growth in Slovak Exports," Mathematics, MDPI, vol. 10(14), pages 1-21, July.
    • Handle: RePEc:gam:jmathe:v:10:y:2022:i:14:p:2452-:d:862511
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7390/10/14/2452/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7390/10/14/2452/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tomas Kliestik & Katarina Valaskova & Elvira Nica & Maria Kovacova & George Lazaroiu, 2020. "Advanced methods of earnings management: monotonic trends and change-points under spotlight in the Visegrad countries," Oeconomia Copernicana, Institute of Economic Research, vol. 11(2), pages 371-400, June.
    2. Aleksandra Kordalska & Magdalena Olczyk, 2021. "New patterns in the position of CEE countries in global value chains: functional specialisation approach," Oeconomia Copernicana, Institute of Economic Research, vol. 12(1), pages 35-52, March.
    3. Verhoef, Peter C. & Broekhuizen, Thijs & Bart, Yakov & Bhattacharya, Abhi & Qi Dong, John & Fabian, Nicolai & Haenlein, Michael, 2021. "Digital transformation: A multidisciplinary reflection and research agenda," Journal of Business Research, Elsevier, vol. 122(C), pages 889-901.
    4. Dalenogare, Lucas Santos & Benitez, Guilherme Brittes & Ayala, Néstor Fabián & Frank, Alejandro Germán, 2018. "The expected contribution of Industry 4.0 technologies for industrial performance," International Journal of Production Economics, Elsevier, vol. 204(C), pages 383-394.
    5. Lucia Svabova & Eva Nahalkova Tesarova & Marek Durica & Lenka Strakova, 2021. "Evaluation of the impacts of the COVID-19 pandemic on the development of the unemployment rate in Slovakia: counterfactual before-after comparison," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 16(2), pages 261-284, June.
    6. Jana Kotlebova & Peter Arendas & Bozena Chovancova, 2020. "Government expenditures in the support of technological innovations and impact on stock market and real economy: the empirical evidence from the US and Germany," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 15(4), pages 717-734, December.
    7. Bao-Guang Chang & Kun-Shan Wu, 2021. "The nonlinear relationship between financial flexibility and enterprise risk-taking during the COVID-19 pandemic in Taiwan’s semiconductor industry," Oeconomia Copernicana, Institute of Economic Research, vol. 12(2), pages 307-333, June.
    8. Marek Minárik & Stanislav Zábojník & Janka Pásztorová, 2022. "Sources of Value-Added in V4 automotive GVCs: The Case of Transport and Storage Services and Firm Level Technology Absorption," Central European Business Review, Prague University of Economics and Business, vol. 2022(4), pages 1-24.
    9. Agnieszka Malkowska & Maria Urbaniec & Malgorzata Kosala, 2021. "The impact of digital transformation on European countries: insights from a comparative analysis," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 16(2), pages 325-355, June.
    10. Alexandra-Ioana Glogovețan & Dan-Cristian Dabija & Mariantonietta Fiore & Cristina Bianca Pocol, 2022. "Consumer Perception and Understanding of European Union Quality Schemes: A Systematic Literature Review," Sustainability, MDPI, vol. 14(3), pages 1-16, January.
    11. Ye, Chusheng & Ye, Qin & Shi, Xunpeng & Sun, Yongping, 2020. "Technology gap, global value chain and carbon intensity: Evidence from global manufacturing industries," Energy Policy, Elsevier, vol. 137(C).
    12. Belhadi, Amine & Kamble, Sachin & Jabbour, Charbel Jose Chiappetta & Gunasekaran, Angappa & Ndubisi, Nelson Oly & Venkatesh, Mani, 2021. "Manufacturing and service supply chain resilience to the COVID-19 outbreak: Lessons learned from the automobile and airline industries," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    13. Premysl Pisar & Diana Bilkova, 2019. "Controlling as a tool for SME management with an emphasis on innovations in the context of Industry 4.0," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 14(4), pages 763-785, December.
    14. Dagmara Nikulin & Joanna Wolszczak-Derlacz & Aleksandra Parteka, 2021. "GVC and wage dispersion. Firm-level evidence from employee–employer database," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 16(2), pages 357-375, June.
    15. Schot, Johan & Steinmueller, W. Edward, 2018. "Three frames for innovation policy: R&D, systems of innovation and transformative change," Research Policy, Elsevier, vol. 47(9), pages 1554-1567.
    16. Andreas Hatzigeorgiou & Magnus Lodefalk, 2021. "A literature review of the nexus between migration and internationalization," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 30(3), pages 319-340, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marek Nagy & George Lăzăroiu, 2022. "Computer Vision Algorithms, Remote Sensing Data Fusion Techniques, and Mapping and Navigation Tools in the Industry 4.0-Based Slovak Automotive Sector," Mathematics, MDPI, vol. 10(19), pages 1-22, September.
    2. Tomas Kliestik & Marek Nagy & Katarina Valaskova, 2023. "Global Value Chains and Industry 4.0 in the Context of Lean Workplaces for Enhancing Company Performance and Its Comprehension via the Digital Readiness and Expertise of Workforce in the V4 Nations," Mathematics, MDPI, vol. 11(3), pages 1-21, January.
    3. Beata Bieszk-Stolorz & Krzysztof Dmytrów, 2022. "Assessment of the Similarity of the Situation in the EU Labour Markets and Their Changes in the Face of the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(6), pages 1-20, March.
    4. Mihai Andronie & George Lăzăroiu & Roxana Ștefănescu & Cristian Uță & Irina Dijmărescu, 2021. "Sustainable, Smart, and Sensing Technologies for Cyber-Physical Manufacturing Systems: A Systematic Literature Review," Sustainability, MDPI, vol. 13(10), pages 1-23, May.
    5. Joanna Wolszczak-Derlacz & Yuxin Lu, 2022. "The role of the One-Belt One-Road initiative in China’s exports and global value chains," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(2), pages 317-341, June.
    6. Asterios Stroumpoulis & Evangelia Kopanaki, 2022. "Theoretical Perspectives on Sustainable Supply Chain Management and Digital Transformation: A Literature Review and a Conceptual Framework," Sustainability, MDPI, vol. 14(8), pages 1-30, April.
    7. Ávila-Robinson, Alfonso & Islam, Nazrul & Sengoku, Shintaro, 2022. "Exploring the knowledge base of innovation research: Towards an emerging innovation model," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    8. Li, Lixu & Ye, Fei & Zhan, Yuanzhu & Kumar, Ajay & Schiavone, Francesco & Li, Yina, 2022. "Unraveling the performance puzzle of digitalization: Evidence from manufacturing firms," Journal of Business Research, Elsevier, vol. 149(C), pages 54-64.
    9. Anna Manowska & Anna Bluszcz, 2022. "Forecasting Crude Oil Consumption in Poland Based on LSTM Recurrent Neural Network," Energies, MDPI, vol. 15(13), pages 1-23, July.
    10. Muhammad Zafar Yaqub & Abdullah Alsabban, 2023. "Industry-4.0-Enabled Digital Transformation: Prospects, Instruments, Challenges, and Implications for Business Strategies," Sustainability, MDPI, vol. 15(11), pages 1-33, May.
    11. Beata Bieszk-Stolorz & Iwona Markowicz, 2021. "Risk of Decline in Share Prices of Energy and Fuel Sector on the Warsaw Stock Exchange During the Two Waves of the COVID-19 Pandemic," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 977-996.
    12. Rodríguez-Espíndola, Oscar & Chowdhury, Soumyadeb & Dey, Prasanta Kumar & Albores, Pavel & Emrouznejad, Ali, 2022. "Analysis of the adoption of emergent technologies for risk management in the era of digital manufacturing," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    13. Lei Guo & Luying Xu, 2021. "The Effects of Digital Transformation on Firm Performance: Evidence from China’s Manufacturing Sector," Sustainability, MDPI, vol. 13(22), pages 1-18, November.
    14. Enrique, Daisy Valle & Lerman, Laura Visintainer & Sousa, Paulo Renato de & Benitez, Guilherme Brittes & Bigares Charrua Santos, Fernando M. & Frank, Alejandro G., 2022. "Being digital and flexible to navigate the storm: How digital transformation enhances supply chain flexibility in turbulent environments," International Journal of Production Economics, Elsevier, vol. 250(C).
    15. Colombari, Ruggero & Geuna, Aldo & Helper, Susan & Martins, Raphael & Paolucci, Emilio & Ricci, Riccardo & Seamans, Robert, 2023. "The interplay between data-driven decision-making and digitalization: A firm-level survey of the Italian and U.S. automotive industries," International Journal of Production Economics, Elsevier, vol. 255(C).
    16. Muhammad Altaf & Wesam Salah Alaloul & Muhammad Ali Musarat & Abdul Hannan Qureshi, 2023. "Life cycle cost analysis (LCCA) of construction projects: sustainability perspective," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(11), pages 12071-12118, November.
    17. Rasha Fady Ismail & Fadi Safieddine & Rawad Hammad & Mazhar Hallak Kantakji, 2022. "Towards Sustainable Production Processes Reengineering: Case Study at INCOM Egypt," Sustainability, MDPI, vol. 14(11), pages 1-25, May.
    18. Irene Bertschek & Joern Block & Alexander S. Kritikos & Caroline Stiel, 2024. "German financial state aid during Covid-19 pandemic: Higher impact among digitalized self-employed," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 36(1-2), pages 76-97, January.
    19. Ali Zackery & Joseph Amankwah-Amoah & Zahra Heidari Darani & Shiva Ghasemi, 2022. "COVID-19 Research in Business and Management: A Review and Future Research Agenda," Sustainability, MDPI, vol. 14(16), pages 1-32, August.
    20. Agnieszka A. Tubis & Katarzyna Grzybowska, 2022. "In Search of Industry 4.0 and Logistics 4.0 in Small-Medium Enterprises—A State of the Art Review," Energies, MDPI, vol. 15(22), pages 1-26, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jmathe:v:10:y:2022:i:14:p:2452-:d:862511. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.