scholarly journals BUSINESS CLIMATE OF THE REGION AS A FACTOR OF ENSURING SUSTAINABLE ECONOMIC GROWTH

2021 ◽  
pp. 37-46
Author(s):  
I.Z. Storonyanska ◽  
◽  
L.Ya. Benovska ◽  
Keyword(s):  
Economic Growth ◽  
Industrial Sector ◽  
Business Environment ◽  
Entrepreneurial Activity ◽  
Business Climate ◽  
Difficult Situation ◽  
Land Registration ◽  
Low Level ◽  
Business Entities

Despite a number of reforms, Ukraine has not created the necessary environment to stimulate entrepreneurial activity, active investment inflows and economic growth in the regions. The article analyzes the assessment of the business environment of Ukraine according to different world ratings and comparative assessment of the business environment of Ukraine and other countries. Risks for the development of the business environment in Ukraine have been identified. An assessment of the interdependence between the quality of the business environment in the regions of Ukraine and the growth rate of GRP. The analysis of regional features of the quality of the business environment in Ukraine shows positive changes in all regions in terms of ease of business registration, land registration, connection to the grid and difficulties with paying local taxes and the development of electronic services. However, the achieved results have not yet been converted into a stable dynamics of economic growth and increasing the level of Ukraine's competitiveness in the world economy. Among the main problems of business environment development are low level of protection of intellectual property and property of business entities, inefficiency of the judicial system in Ukraine, low level of financial and investment freedom of business, unavailability of credit resources for starting and conducting business. Interregional comparisons of the business environment and economic growth of Ukraine's regions prove that the leading regions in terms of economic growth are characterized by a relatively higher quality of business climate, moreover, in recent years they have increased their position in the regional ranking of ease of doing business. At the same time, the largest group of regions in Ukraine, which still manages to maintain a positive pace of economic development, are outsiders in terms of both the quality of the business climate and the loss of ranking positions. The most difficult situation with the business environment has developed in such industrial regions as Zaporizhia, Poltava, Kharkiv regions. That is, the regions, which have always focused on large enterprises in the industrial sector, have not yet been able to refocus on supporting entrepreneurship and stimulating entrepreneurial activity.

scholarly journals Понятие «предпринимательская среда» в научной литературе

2020 ◽  
Vol 55 (2) ◽  
pp. 52-60
Author(s):  
Yulia V. Galkina
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Scientific Literature ◽  
Business Environment ◽  
Business Climate ◽  
Entrepreneurial Climate ◽  
Business Entities ◽  
Definition Of ◽  
Medium Businesses ◽  
Main Factor

В статье проводится обзор мнений различных авторов в отношении понятий «предпринимательская среда», «предпринимательский климат». Описаны существующие в научной литературе подходы к определению данных понятий. Приведены мнения авторов, использующих близкие по смыслу определения, такие, как «бизнес-климат», «бизнес-среда», «экономическая среда». На основании изученных мнений предложено уточнённое определение понятия «предпринимательская среда», по мнению автора, более универсально и полно отражающее значение данного понятия. Ключевые слова: предпринимательская среда, предпринимательский климат, малый и средний бизнес, совокупность объективных и субъективных факторов, субъекты предпринимательской деятельности, субъекты рыночной экономики, главный фактор экономического роста и сокращения бедности. The article reviews the opinions of various authors on the concepts of "entre-preneurial environment" and "entrepreneurial climate". The article describes the existing approaches to the definition of these concepts in the scientific literature. The article also contains the opinions of the authors who use similar definitions, such as "business climate", "business environment", " economic environment». Based on the studied opinions, a refined definition of the concept of "business environment" is proposed, which, in the author's opinion, more universally and fully reflects the meaning of this concept. Keywords: entrepreneurial environment, entrepreneurial climate, small and medium businesses, a set of objective and subjective factors, business entities, market economy entities, the main factor of economic growth and poverty reduction.

scholarly journals THE EVOLUTION OF EUROPEAN BUSINESS ENVIRONMENT IN THE LAST FOUR YEARS

2015 ◽  
Author(s):  
Cornelia Marcela Danu
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Business Environment ◽  
Country Risk ◽  
Current Account Balance ◽  
Business Climate ◽  
European Business ◽  
National Economies ◽  
The Impact

In the present work I described the evolution of the main coordinates of the business environment in the countries of Europe. I examined the dynamics of economic growth, inflation, budget balance, current account balance, public debt for 41 European countries, taking into account their delimitation of regional groups. Analysis of the business environment in the countries of Europe using the indicators "assessment of the business climate" and "country risk" is aimed at identifying signals which are transmitted by the national economies, to the system of European economy, to the system of global economy but, in particular, the application optimal policies for improving the quality of the societal environment on the continent. I analyzed the impact of economic growth and inflation on business development, establishing relations between the rate of economic growth - the dynamics of the number of enterprises, the rate of inflation - the dynamics of the number of enterprises from 19 countries in Europe.

scholarly journals The State Regulation of the Hotel and Restaurant Business in the Context of the COVID-19 Pandemic

2021 ◽  
Vol 5 (520) ◽  
pp. 241-245
Author(s):  
V. О. Martynenko ◽  
Keyword(s):  
Negative Impact ◽  
State Regulation ◽  
The State ◽  
Entrepreneurial Activity ◽  
State Support ◽  
Public Authorities ◽  
Difficult Situation ◽  
The Social ◽  
Business Entities ◽  
Further Development

The axiom of present is that Ukraine has a very difficult situation in the sphere of hotel and restaurant business caused by the COVID-19 pandemic. This situation has developed not only due to the underdevelopment of this sphere, also because of the significant shortcomings in the system of the State regulation of entrepreneurial activity in the pandemic, which makes this issue a topical scientific problem. The publication is aimed at analyzing the extant status of operation of the hotel and restaurant business under quarantine restrictions, as well as developing proposals for providing the State support to business entities in order to minimize losses during the COVID-19 pandemic. Theoretical and methodological grounds of research are the basic principles of development of hotel and restaurant business in a crisis, scientific works of Ukrainian scholars. The following methods were used in the course of the research: logical-juristic (to analyze the legislation of Ukraine on measures of the State support for business entities in connection with the COVID-19 pandemic); systematization (defining forms of the State aid); hypotheses and assumptions (in the preparation of proposals for further regulation of the provision of the State support to the hotel and restaurant business). As a result of the research, it is determined that the introduced support measures on the part of the State allowed to reduce the negative impact of the COVID-19 pandemic on the hotel and restaurant sector for the short-term period only. Renewal and further development of this sphere is impossible without the introduction of new approaches to the relations between the State and business, which have established determined in Ukrainian society, without increasing the social consciousness of business and increasing the level of its contact with public authorities. To achieve this goal, it is necessary to improve the system of adjustment of efforts of the State authorities, local self-government bodies and business entities in this sphere.

Corruption, Business Climate, and Economic Growth

2015 ◽  
pp. 1156-1179
Author(s):  
Harish C. Chandan
Keyword(s):  
Economic Growth ◽  
Political Institutions ◽  
Business Environment ◽  
Domestic Investment ◽  
Business Climate ◽  
Transparency International ◽  
Leadership Management ◽  
Economic Freedom Index ◽  
The Relationship

Corruption is globally pervasive. Defined as abuse of entrusted power for private gain (Transparency International, 2013), corruption represents a set of economic, social, cultural, and political practices that are secretive and rooted in greed, ambition, or quest for power. This chapter reviews causes of corruption including the macro- and micro-level determinants of corruption such as leadership, management, and organizational culture. Various subjective and objective measures of corruption are discussed. Transparency International's Corruption Perception Index (CPI) and Heritage Foundation's Economic Freedom Index (EFI) are reviewed. The World Bank's Business Environment and Enterprise Performance Survey (BEEPS), Doing Business Indicator (DBI), and World Bank Institute's Governance Indicator (WBI-GI) are also reviewed, as is the role of global anti-corruption agencies and various instruments. Additionally, the relationship between corruption and foreign domestic investment, economic growth, and economic and political institutions are considered, as are anti-corruption intervention strategies for corruption and business ethics training.

Kazakh business climate improves but needs reform

2019 ◽  
Keyword(s):  
Foreign Investment ◽  
Business Environment ◽  
Business Climate ◽  
Economic Diversification ◽  
Content Type ◽  
Low Level ◽  
Catching Up ◽  
Political Succession

Subject The business climate in Kazakhstan. Significance Kazakhstan is improving its score as a business environment but much remains to be done. Corporate regulation has improved and anti-corruption efforts have been undertaken, albeit with uneven effect. Major privatisations often do not happen or end up redistributing assets within Kazakhstan. A recent restructuring of ministerial responsibilities seems likely to complicate rather than simplify the task of attracting foreign investment. Impacts Aside from structural issues, unanswered but increasingly urgent questions of political succession will weigh on investor interest. The low level of economic diversification limits the pool of investor opportunities. Kazakhstan will continue to be the main regional magnet for FDI but Uzbekistan may start catching up.

scholarly journals Morocco

2019 ◽  
Vol 19 (317) ◽  
Author(s):  
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Euro Area ◽  
External Environment ◽  
Business Environment ◽  
Quality Of Education ◽  
Economic Diversification ◽  
Fiscal Management ◽  
Geopolitical Risks

Despite a challenging external environment, improved fiscal management and economic diversification have strengthened the resilience of Morocco’s economy in recent years. Yet, economic growth, at 3 percent in 2018, has not been robust enough and unemployment remains high, especially among the youth. The outlook also remains subject to elevated risks, including fragile recovery in the euro area and geopolitical risks in the region. In this context, sustaining the recent momentum in reforms will be key to achieve a higher, more inclusive, and more private sector-led growth. Key priorities include improving the quality of education, the functioning of the labor market and the business environment; continuing the fight against corruption; and, increasing female labor force participation.

scholarly journals Creating a Favorable Business Environment: Case Study on Firm Registration Process in Uzbekistan

2015 ◽  
Vol 1 (4) ◽  
pp. 59-72
Author(s):  
Gofurov Ubaydulla
Keyword(s):  
Developed Countries ◽  
Business Environment ◽  
State Regulation ◽  
Entrepreneurial Activity ◽  
Registration Process ◽  
Special Value ◽  
Business Entities ◽  
State Registration ◽  
Entrepreneurial Activities

The development of national economy in many respects depends on conditions such as freedom and guarantees, privileges and preferences so that entrepreneurial activities prosper within a better entrepreneurial environment. While the development extent of entrepreneurial environment is defined by several indexes, the processes and documentation as a part of state registration of entrepreneurial activity have a special value among them. In this article, in consideration of exemplary entrepreneurial environment practices in different developed countries, the successes and shortcomings of Uzbek experience and some important theoretical rules on the creation of such favorable and friendly entrepreneurship conditions are discussed. We find that in order to increase the share of small business and entrepreneurship there is a need to systematically improve the mechanisms of state regulation of organization and registration processes of business entities. A system of incentives should be introduced in the registration process such as optimization of its time, increasing the number of business entities.

scholarly journals Morocco

2019 ◽  
Vol 19 (230) ◽  
pp. 1
Author(s):  
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Private Sector ◽  
Labor Force Participation ◽  
Education System ◽  
Business Environment ◽  
Inclusive Growth ◽  
Economic Diversification ◽  
Fiscal Management

Improved fiscal management and economic diversification have strengthened the resilience of Morocco’s economy in recent years. Yet, economic growth, at 3 percent in 2018, has not been robust enough and unemployment remains high, especially among the youth. This reinforces the need for sustaining the recent momentum in reforms toward higher and more inclusive growth, buttressed by the private sector. Key priorities include improving the quality of the education system, the functioning of the labor market, female labor force participation, and the business environment. Since 2012, the Fund has been actively engaged with Morocco through four two-year Precautionary Liquidity Line (PLL) arrangements, the last one approved in December 2018.

scholarly journals KEY FACTORS OF COMPANY DEVELOPMENT IN THE INNOVATIVE ECONOMY

2020 ◽  
Vol 288 (6) ◽  
pp. 20-26
Author(s):  
V. YANOVSKA ◽  
◽  
O. PORTNYI ◽  
A. NAKALYUZHNA ◽  
◽  
...  
Keyword(s):  
Economic Development ◽  
Regulatory System ◽  
Maximum Level ◽  
Business Environment ◽  
Entrepreneurial Activity ◽  
Key Factors ◽  
Economic Activities ◽  
Slow Increase ◽  
Business Entities ◽  
Innovative Economy

The article is devoted to the key problems of the economic development of companies in the context of globalization, rapid spread of innovations, transformation of the business environment, and improvement of approaches to the regulation of socio-economic processes. There was done comparison of trends and dependency of quantity of business entities and indicators reflecting the nature of the regulatory impact on entrepreneurial activity and protection of property rights. The outstripping positive dynamics of Ukraine’s positions in the international rating of the World Bank Doing Business together with uneven and slow increase in the quantity of business entities related to economic activities with great development potential are identified. It is noted that the creation of a favourable regulatory system is a basic, but not an exclusive factor of economic development in a globalized and innovative economy. Companies striving for success should abandon industrial management models and need to search for solutions focused on improvement the efficiency of the company’s functioning and increasing business value at the end by determining the feasibility of application of value-oriented management. It is emphasized that value-oriented management is based on an understanding of the need to ensure the maximum level of prosperity of owners, investors and other stakeholders, is aimed to form common value chains and, as a result, is crucial for the economic development of the company and socio-economic development of the country. As a result, a hypothesis was formulated about the possibility of use the value potential to ensure the economic development of companies. A cyclical chain of economic development factors from the individual company’s value to macroeconomic indicators has been built. The logic of the relationship between the key factors was defined, in particular, it is indicated that the high end value of business stimulates entrepreneurial activity, attracts of direct or stock market capital from investors, and increases the number of investment projects accepted for financing.

Corruption, Business Climate, and Economic Growth

2019 ◽  
pp. 663-686
Author(s):  
Harish C. Chandan
Keyword(s):  
Economic Growth ◽  
Political Institutions ◽  
Business Environment ◽  
Domestic Investment ◽  
Business Climate ◽  
Transparency International ◽  
Leadership Management ◽  
Economic Freedom Index ◽  
The Relationship

Corruption is globally pervasive. Defined as abuse of entrusted power for private gain (Transparency International, 2013), corruption represents a set of economic, social, cultural, and political practices that are secretive and rooted in greed, ambition, or quest for power. This chapter reviews causes of corruption including the macro- and micro-level determinants of corruption such as leadership, management, and organizational culture. Various subjective and objective measures of corruption are discussed. Transparency International's Corruption Perception Index (CPI) and Heritage Foundation's Economic Freedom Index (EFI) are reviewed. The World Bank's Business Environment and Enterprise Performance Survey (BEEPS), Doing Business Indicator (DBI), and World Bank Institute's Governance Indicator (WBI-GI) are also reviewed, as is the role of global anti-corruption agencies and various instruments. Additionally, the relationship between corruption and foreign domestic investment, economic growth, and economic and political institutions are considered, as are anti-corruption intervention strategies for corruption and business ethics training.

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