TITLE:
Business Technology Innovations for Full Economic Happiness
AUTHORS:
Revaz Lordkipanidze, Anzor Abralava
KEYWORDS:
Business Technology Innovation, Economic Happiness, Fixed Capital
JOURNAL NAME:
Theoretical Economics Letters,
Vol.14 No.2,
April
11,
2024
ABSTRACT: The main goal of the research was to refine the analytical framework for assessing economic well-being and we obtained new economic indicators that very interestingly described the current state in the innovation sphere and the corresponding reserves and fiscal-technological mechanisms for economic activity. When researching the presented topic, methods of grouping, proportionality and comparative analysis were used. Consequently, selected correlations were obtained for the indicator of business-technological prerequisites for economic happiness. The happiness indicator was calculated by Revaz Lordkipanidze (as Level of satisfaction from working place multiplied by Level of satisfaction from salary multiplied by Level of satisfaction from non-working hours) and the business-technology basis indicator at the Faculty of Business Technologies of Georgian Technical University under the guidance Anzor Abralava. We calculated the indicator of business-technological prerequisites for happiness using the formula: The share of machinery and equipment (including rationally robotic technologies) in fixed capital divided by multiplying the share of managerial costs (in total costs) and the tax burden (the ratio of taxes to total income). As a result, the Integral coefficient of economic happiness from business technology innovations can be calculated by multiplying the indicators of innovations and economic happiness.