scholarly journals Institutional Principles of Building the Fiscal Mechanism for Regulating the Investment Development of the National Economy

2021 ◽  
Vol 10 (3) ◽  
pp. 79
Author(s):  
Viktoriia Rudenko ◽  
Ruslan Voloshchuk ◽  
Roman Shchur ◽  
Volodymyr Matskiv
Keyword(s):  
National Economy ◽  
Institutional Structure ◽  
Organizational Level ◽  
Cognitive Level ◽  
Stage Of Development ◽  
Analysis And Synthesis ◽  
Theoretical Generalization ◽  
Resources Distribution ◽  
Technological Level ◽  
The Impact

The state, influencing the processes of organization of fiscal relations by forming institutions, directs the established fiscal relations, manages the channels and directions of fiscal flows, clarifies the proportions of financial resources distribution and thus regulates the investment development of the economy. Therefore, the aim of the study is to determine the institutional principles for building a fiscal mechanism, from which depends not only its effective functioning, but also the impact on investment processes in the national economy. In order to substantiate the institutional principles of building a fiscal mechanism for regulating the investment development of the national economy, general and special research methods were used (analysis and synthesis, induction and deduction, abstraction, analogy, theoretical generalization, etc.). The historical development of institutional theory is considered in the course of the research. Approaches to the interpretation of the meaning of “institution” concept are defined, their functions and characteristics are outlined. The essence and components of the institutional structure of the fiscal mechanism for regulating the investment development of the national economy are substantiated. As a result of the research it is proved that the institutional structure of the fiscal mechanism is four-level and includes the cognitive level, regulatory level, organizational level, resource-technological level. It is determined that at the present stage of development of Ukraine the institutional structure of the fiscal mechanism is formed, but its characteristics do not sufficiently correspond to the features, resources and tasks of regulating the investment development of the national economy.

scholarly journals Budget policy and its features in the economy of Ukraine

2021 ◽  
Keyword(s):  
Fiscal Policy ◽  
National Economy ◽  
Scientific Methods ◽  
Stage Of Development ◽  
Analysis And Synthesis ◽  
Logical Method ◽  
Implementation Stages ◽  
Budget Policy ◽  
Budget Strategy ◽  
The Impact

The article considers the peculiarities of the formation and implementation of budget policy in the economy of Ukraine that have a significant impact on its effectiveness. Purpose: to define the peculiarities of the formation and implementation of budget policy and their consequences for the national economy of Ukraine. General scientific methods of obtaining knowledge have been used: analysis and synthesis - to distinguish certain features of budget policy both at the formation and implementation stages, and a system-based logical method - to assess the consequences of the existing budget policy in Ukraine and proposals for its improvement. The following results have been obtained: modern features of the formation and implementation of budget policy which have a significant impact on its effectiveness have been revealed. The impact of these features on socio-economic processes in the country has been analyzed. A system of related steps has been proposed to improve the results of a budget policy. It includes the development of a long-term strategy for the development of the economy, a structural investment policy of the state with well-defined priorities, a budget strategy with mandatory alignment with development priorities and planned reforms for several years, reforms in areas related to the budget system, and increased control over the proper use of budget funds. Conclusions: The analysis shows that fiscal policy has certain features that significantly weaken the positive effect of its application at the current stage of development. As fiscal policy significantly affects the direction of development and the business activity of the national economy, this research strand will still need the researchers’ attention over time. Issues related to the formation and implementation of the budget strategy, selection and financing of structural priorities and so on are relevant.

scholarly journals Strategic management of innovative development of infocommunication sphere as a factor of modernization of national innovative infrastructure

2020 ◽  
pp. 31-37
Author(s):  
Tetiana Neboha
Keyword(s):  
Strategic Management ◽  
Information And Communication Technologies ◽  
Formation Mechanism ◽  
National Economy ◽  
Innovative Development ◽  
Infrastructure Development ◽  
Economic Activities ◽  
Analysis And Synthesis ◽  
Theoretical Generalization ◽  
Information And Communication

Purpose. The aim of the article is to substantiate the scientific and theoretical bases of formation mechanism of strategic management of innovative development of infocommunication sphere as a factor of innovation and modernization of infrastructure of the national economy. Methodology of research. General scientific methods are used in the process of the study, namely: methods of theoretical generalization - to study the mechanism of strategic management of innovative infrastructure development of infocommunication sphere; a systematic approach to support the strategic priority directions of innovative development of sphere of information and communication technologies; methods of analysis and synthesis – to determine the set of activities necessary to achieve the represented strategic directions of innovative development of sphere of Infocommunications. Findings. The mechanism of strategic management of innovative infrastructure development of infocommunication sphere is investigated. Strategic priority directions of innovative development of the infocommunication sphere are substantiated. The complex of necessary measures to achieve the presented strategic directions of innovative development of the infocommunication sphere is determined. Originality. Scientific and theoretical bases of formation mechanism of strategic management of innovative infrastructure development of infocommunication sphere as a factor of innovation and modernization of infrastructure of the national economy is developed. It consists of three modules: forecasting and analytical, of intensification-oriented and certification, the implementation of which contributes to the intensification of innovative processes in all spheres of economic activities and innovative infrastructure development of the national economy. Practical value. The results of research are aimed at solving problems of strategic management of innovative infrastructure development of infocommunication sphere as part of the innovation infrastructure of the national economy and can be applied in the development of a national strategy for the development of information and communication sphere. Key words: ICT sector, innovative infrastructure, national economy, management strategy, innovative development.

scholarly journals Intracompany reporting in the enterprise management system

2021 ◽  
pp. 169
Author(s):  
Zenovii-Mykhailo Zadorozhnyi ◽  
Iryna Ometsinska
Keyword(s):  
Research Process ◽  
Enterprise Management ◽  
Global Pandemic ◽  
Analysis And Synthesis ◽  
Theoretical Generalization ◽  
Enterprise Management System ◽  
Definition Of ◽  
The Impact ◽  
Management Reporting ◽  
Qualitative Characteristics

Introduction. The modern conditions of enterprise operation have led to changes in management reporting approaches and have caused more discussions in nonfiction about its identity with intracompany reporting. Informatization of society, globalization processes in the economy and its sustainable development have led to the expansion of management reporting functions and to clear definition of main characteristics of intracompany reporting, which is created by the staff for its internal use with the adherence of principles of confidentiality. The impact of external factors, which are mostly negative nowadays (economic crisis, restrictions caused by the global pandemic, unfair actions of competitors, cyberattacks) require qualitative developments of intracompany reporting forms, which should ensure rapid detection of the negative changes at the enterprise and timely provide the information for its effective elimination.The purpose of the study lies in scientific and theoretical justification of the concept «intracompany reporting», in determination of the role for enterprise management and also in outlining the principles of reporting formation and techniques of its preparation taking into account the modern conditions of enterprises activity.Methods. In the research process the following methods were used: theoretical generalization, comparison, abstract-logical for distinguishing the concepts of «management reporting» and «intracompany reporting»; grouping, generalization,  analogy,  analysis and synthesis for identifying the principles of formation of intracompany reporting and its qualitative characteristics; modeling, induction and deduction, structural-logical, tabular for establishing the stages of reports formation at the enterprise and the techniques of its preparation.Results. The essence of management and intracompany reporting as an information field for necessary decisions making by their users is investigated. The role of intracompany reporting for enterprise management is established and it is proved that it is an integral part of management reporting. The formation and usage principles of intracompany reporting in the context of two groups are outlined: the principles that are used in the formation      of financial and intracompany reporting; principles that are used in the formation of intracompany reporting. The qualitative characteristics of such reporting are clarified. The stages of its formation at the enterprise are highlighted. The expediency of construction the intracompany reporting information map at the enterprise is established and its form  is offered. The necessity of development of Regulations (standard) of the intracompany reporting is proved. Perspectives. Further researches should be aimed at developing the Regulations (standard) of intracompany reporting, as well as formation of standardized forms of such reporting, taking into account enterprises’ branch peculiarities.

Social partnership and institutionalization of corporate social responsibility as a driver of regional policy effectiveness

2021 ◽  
Vol 19 (2) ◽  
pp. 246-263
Author(s):  
Viktoriya A. DEGTEREVA ◽  
Maksim V. IVANOV ◽  
Anton A. BARABANOV
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Socially Responsible ◽  
Social Partnership ◽  
Responsible Behavior ◽  
Analysis And Synthesis ◽  
Theoretical Generalization ◽  
The Face ◽  
Corporate Social ◽  
The Impact

Subject. This article examines the problems and prospects for the development of social partnership and institutionalization of social responsibility of business at the regional level. Objectives. The article aims to identify general trends in the development of social partnership and the impact of this mechanism on increasing the social responsibility of business in a regional context. Methods. For the study, we used analysis and synthesis, logical and systems approaches, and the method of theoretical generalization. Results. The article describes the institutional relationship between social partnership and social responsibility of business, the potential of this mechanism application in regional development. It identifies problems of adapting socially responsible behavior taking into account the Russian specifics. Conclusions. Social partnership creates the necessary institutional conditions for the development of socially oriented business. The spread of the corporate social responsibility culture represents a significant competitive advantage in the face of economic transformations and crises.

scholarly journals Directions and mechanisms of globalization impact on institutional structure of society

2020 ◽  
Vol 74 ◽  
pp. 06019
Author(s):  
Mikhail Nikolaev ◽  
Marina Magdeeva
Keyword(s):  
Nonlinear Dynamics ◽  
Positive Impact ◽  
Institutional Structure ◽  
Economic Systems ◽  
Self Similarity ◽  
Logical Theory ◽  
Social Conventions ◽  
Stage Of Development ◽  
Institutional Structures ◽  
The Impact

The article studies the problematic issues of essence and content of globalization process, directions and mechanisms of its impact on institutional structure of society. At the same time, globalization is viewed as a complex complicated and contradictory process not only increasing the dependence between socioeconomic and economic systems of individual countries, but also as a factor directly changing the course of development vector of institutional structures that sets a new trajectory of their movement. It is important to analyze the impact of globalization on the institutional structure through various by nature institutions – formal ones, which at each stage of development are artificially created, as a rule, by the state, and informal ones (traditions, social conventions, customs, etc.), the mechanism of globalization impact on which directly links with its impact on the property of fractality or self-similarity of socio-economic systems. Some contradictions that arise in the process of the mentioned interaction are considered and analyzed. The aim of the study is to identify the mechanisms of globalization influence on institutional structure of society and the limits of its positive impact on development of this society. Methods of the study: abstract-logical; theory of nonlinear dynamics; historical and economic analysis.

scholarly journals Assessment of the role and significance of the dairy subcomplex for solution of food supply and the national economy

Ekonomika APK ◽  
2020 ◽  
Vol 313 (11) ◽  
pp. 39-51
Author(s):  
Olga Kozak
Keyword(s):  
Food Security ◽  
National Economy ◽  
Food Supply ◽  
Dairy Products ◽  
Practical Significance ◽  
Economic Relations ◽  
Analysis And Synthesis ◽  
Calculation Results ◽  
The Impact

The purpose of the article is to assess the role of the modern dairy subcomplex of Ukraine in solving food supply and its importance for the national economy. Research methods. Based on the dialectical method of cognition and a systematic approach to the analysis of the role and significance of the dairy subcomplex, the following methods were used: analysis and synthesis - when assessing the dairy subcomplex in the context of its components and with the subsequent combination of these components into a system; empirical - in the complex assessment of the current state of the research object; abstract-logical - to summarize scientific research and substantiate conclusions; comparative assessment - when comparing the dairy subcomplex of Ukraine and the world; monographic - for the analysis of scientific achievements of Ukrainian and foreign scientists; graphic - illustrative representation of the calculation results. Research results. The concept of "dairy subcomplex" is generalized and a scheme of its production and economic relations is proposed. The advantages of the dairy subcomplex from the standpoint of milk producers and the dairy industry are characterized. The values of dairy products in Ukrainian food rations have been determined and factors influencing changes in consumption have been established. The main positions of the impact of the dairy subcomplex on the functioning of the national economy are highlighted. Scientific novelty. On the basis of a comprehensive assessment of the importance of milk and dairy products for Ukrainian consumers and the role of the dairy subcomplex for the national economy of Ukraine, the objective necessity and obvious priority of the industry among other sectors has been proved, which requires appropriate reflection in the development of state strategies for ensuring food security. Practical significance. The main provisions and conclusions are presented aimed at the factual confirmation of the important role of the dairy subcomplex in the formation of food security of the country and for strengthening the national economy, which can be used by government bodies in substantiating development strategies for the subcomplex in terms of characterizing its value and, accordingly, giving priority with the priority introduction of effective measures public policy. The work may be of interest to the participants of the dairy subcomplex, consumers and public organizations. Tabl.: 2. Figs.: 4. Refs.: 28.

The specifics of shadow economic activity in Russia

2020 ◽  
Vol 19 (10) ◽  
pp. 1896-1915
Author(s):  
E.R. Ermakova ◽  
O.M. Lizina
Keyword(s):  
Economic Activity ◽  
Shadow Economy ◽  
Integrated Approach ◽  
Economic Activities ◽  
Reproductive Process ◽  
Scientific Methods ◽  
Current Period ◽  
Russian Economy ◽  
Analysis And Synthesis ◽  
The Impact

Subject. The article addresses the specifics of shadow economic activities in reformed Russia in the context of systemic transformations. Objectives. We focus on determining the role of shadow economy in the reproductive process, identifying and understanding the specifics of underground economic activity of the Russian economy. Methods. The study rests on general scientific methods (scientific abstraction, unity of historical and logical, analysis and synthesis, induction and deduction, comparison and analogy) and special methods of cognition (monetary methods). We employ the systems and integrated approach. The official statistics, regulations, works of leading researchers on shadow economy expansion, resources of reference and legal systems like Garant and ConsultantPlus serve as the study's information base. Results. We present a retrospective rapid analysis of the extent of shadow economic activity in the domestic economy, establishing the relationships with the processes that take place at different stages of the country's development. We also reveal the specifics of shadow economy relations in Russia, factors that play a key role in expansion for a particular period, a shift to another form of shadow economy. The study characterizes the current period of development, assesses the impact of external shocks on shadow economy expansion. Conclusions. The current period is characterized by the digitization of shadow relations, the shift of corruption to the upper echelons of power, the continued outflow of capital abroad, and increased penalties for underground activities.

Assessment and analysis of efficiency system management by innovative factors for sustainable development of national economy from the position satisfaction of vital interests population in Ukraine

2019 ◽  
pp. 6-16
Author(s):  
Оксана Василівна Бондар-Підгурська ◽  
Алла Олександрівна Глєбова
Keyword(s):  
Sustainable Development ◽  
Human Development ◽  
National Economy ◽  
Public Debt ◽  
Methodological Approach ◽  
State Regulation ◽  
Point Of View ◽  
Financial Policy ◽  
System Management ◽  
Stage Of Development

The scientific and methodological approach to the evaluation and analysis of the efficiency of system management by innovation factors for sustainable development of national economy from the point of view satisfaction vital interest’s population is developed. This is the calculation of the modernized index human development based on the adjective model based on 26 indicators (social, economic and environmental subsystems), as well as using the methods of the main components and the slip matrix. The resultant value is the modernized Human Development Index (MHDІ) of Ukraine. The architectonics MHDІ of Ukraine in 2007–2017 from the position of sub-indices of the ecological, social and economic subsystems is analyzed. Consequently, the scientific and methodological approach based on the MHDI change allows us to draw conclusions regarding the effectiveness of the work and public administration bodies in the context of making managerial decisions regarding the satisfaction of the vital interest’s population. MHDI considers the main regulated parameter of the system management in the innovation factors of sustainable development in socially oriented economy. The tendency of steady decline MHDI of Ukraine in 2007–2017 on 53.45 % was confirmed, which confirms inefficient state regulation of crisis situations in Ukraine. In order to increase the efficiency management of innovative factors by sustainable development of the national economy, from the standpoint of satisfaction vital interest’s population, it is proposed to intensify the use of public debt and savings bonds, market and non-market methods of relief and debt load. This is due to the fact that at the current stage of development in the national economy, public external debt is one of the most significant indicators of the state economy. It is at the same time a criterion for the effectiveness of public financial policy, as well as a threat and opportunity for the Ukrainian economy. In order to optimize its size, various methods, approaches, tools are used. Based on the analysis of world experience, it has been established that the securities market, in particular debt securities, plays a strategic role in regulating this issue. Therefore, it makes sense to recommend government debt bonds and government savings bonds to optimize the amount of external public debt.

The Impact of Sanctions on North Korea’s Foreign Trade from the Perspective of the Comparative Advantage Theory

2019 ◽  
pp. 4-15
Author(s):  
I. A. Korgun ◽  
G. D. Toloraya
Keyword(s):  
Foreign Trade ◽  
Competitive Advantage ◽  
National Economy ◽  
North Korea ◽  
Rent Seeking ◽  
Economic Transformation ◽  
Global Trade ◽  
Negative Consequences ◽  
The North ◽  
The Impact

The presented study analyzes the opportunities for North Korea to capitalize on its competitive advantages in foreign trade in the context of sanctions.Aim. The study aims to identify mechanisms that allow North Korea to engage in foreign trade in circumvention of UN sanctions and to analyze their impact on the national economy.Tasks. The authors analyze the structure of North Korea’s national economy, its initial competitive advantage, identify the specific features of North Korea’s foreign trade in the context of sanctions, and determine the consequences of illicit trade in circumvention of sanctions for the national economy.Methods. This study uses an interdisciplinary approach that combines the classical theory of competitive advantage with the concept of rent seeking, with the concept of rent seeking and analysis of trade flows.Results. The study shows that, despite the restrictions imposed by sanctions, North Korea strives to make the most of its advantages, such as resource availability and cheap labor, in global trade. The country builds its own export-import chains in circumvention of sanctions. These chains are rather mobile, flexible, and controlled by the elite. As a result, benefits from trade that could be evenly distributed among the population are concentrated in the hands of a narrow segment of society. ‘Rent seeking’ makes it possible to formulate the negative consequences of these processes for the North Korean economy and the international community.Conclusions. Solving the North Korean issue requires an economic transformation in the country through the replacement of restrictive sanctions with more constructive ones. The exclusion of North Korea from open global trade leads to the country’s marginalization and impairs the transparency of international commodity flows.

Problems of Implementation of an Import Substitution Policy in the Oil Industry

2019 ◽  
pp. 50-57
Author(s):  
Yu. V. Vertakova ◽  
A. S. Evtyukhin
Keyword(s):  
Import Substitution ◽  
Oil Industry ◽  
Investment Climate ◽  
Scientific Publications ◽  
Stage Of Development ◽  
Current Economic Situation ◽  
Negative Effect ◽  
Substitution Policy ◽  
Investment Process ◽  
The Impact

The presented study addresses the issues of implementation of an import substitution policy in the Russian oil industry. Support of domestic production is a key objective specified in the message of the President of the Russian Federation in 2019. In light of the current economic situation and considering the importance of the oil industry for the Russian economy, an import substitution policy could help achieve the objective set by the President.Aim. The study aims to identify the problems and ways of implementation of an import substitution policy in the Russian oil industry.Tasks. The authors analyze scientific publications on import substitution and the state of the Russian oil industry at the current stage of development; determine the directions and fundamental trends in the development of the oil industry; identify obstacles that hinder the implementation of an import substitution policy in the oil industry; describe conditions that facilitate the development of the  investment process in the oil industry; propose comprehensive methods and ways to intensify investments and optimize costs for enterprises in the oil industry.Methods. This study uses general scientific methods of cognition, comparative and statistical analysis to identify problems in the implementation of an import substitution policy in the oil industry.Results. Examination of the current state and development prospects of the oil industry allows the authors to identify obstacles to the development of import substitution. The study shows their impact on the potential of import substitution, which has a negative effect on the prospects of intensification of investment processes, and proposes comprehensive methods and mechanisms that could neutralize the impact of the identified obstacles, thus facilitating the formation of a positive investment climate. Conclusions. Investment climate is shown to have a decisive impact on the potential of import substitution in the Russian oil industry, and ways of overcoming negative trends in the development of the oil industry are proposed.

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