scholarly journals FISCAL STIMULATION OF SPATIAL DEVELOPMENT: THE EU COUNTRIES’ CASES

2021 ◽  
Vol 1 (36) ◽  
pp. 124-132
Author(s):  
V. Khudolei ◽  
M. Bespalov ◽  
S. Tulchynska ◽  
R. Tulchinsky ◽  
N. Kholiavko
Keyword(s):  
Economic Development ◽  
Fiscal Policy ◽  
Spatial Development ◽  
European Countries ◽  
Economic Systems ◽  
Regional Economic ◽  
Fiscal Stimulus ◽  
Eu Countries ◽  
National Economic ◽  
Stimulation Of

The objective of this article is to form the basis for strengthening the fiscal stimulus spatial development of regional economic systems in the context of decentralization. The methods of research: dialectical, synthesis, analysis, generalizations and monographic, abstraction and generalizations. Results. The authors consider the «fiscal space» as a certain economic spatial formation, formed by elements of the regional economic system, which are involved in the construction of budget components and management of financial flows. The positive impact of the fiscal policy’s implementation in the context of decentralization is highlighted, as well as a certain imbalance of certain areas that provoke the search for ways of fiscal policy objectives intra-regional coordination. Summarizing the experience of European countries on fiscal stimulation of the development of regional economic systems, the following trends are highlighted: first, the main regulatory instruments are tax and budgetary policies, the level of their development and independence in the regions of countries; secondly, regional fiscal policy is always subordinated to the national economic development strategy; thirdly, taxes are becoming a tool for both stimulating and restraining the regions’ development. The article proposes the ways to smooth out negative challenges and the task of regional development’s fiscal stimulation is defined. The experience of European countries allows us to explore the prospects for developing tools for fiscal stimulus to ensure the sustainability and modernization of the regional space. Conclusions. The experience of European countries in the implementation of fiscal policy in the context of decentralization and the functioning of local self-government is studied. Despite the binding nature and dominance of European norms in fiscal policy, each country has formed its own strategic goals in economic development. This allowed preserving the national identity of individual territories, the specificity of the cultural value’s impact on the fiscal stimulation of regional economic systems. The authors come to the conclusion that the adaptation of the best practices in European countries in the Ukrainian economy’s conditions requires their reformatting under the goals and strategies of national economic policy. Directions of implementation of EU countries’ experience in fiscal stimulus of regional space in Ukraine are identified in the article.

scholarly journals TAX DISTRIBUTION OF REGIONAL ECONOMIC COOPERATION UNDER GLOCALIZATION AND LOCAL SELFFGOVERNANCE REFORMING CONDITIONS

2019 ◽  
Vol 21 (1(70)) ◽  
pp. 85-97
Author(s):  
O.I. LAIKO ◽  
V.P. TALPA ◽  
Z.V. CHECHOVICH
Keyword(s):  
Economic Development ◽  
Economic Cooperation ◽  
Economic Systems ◽  
Regional Economic ◽  
Investment Projects ◽  
Socio Economic Development ◽  
Scientific Principles ◽  
Regulatory Measures ◽  
Administrative Units ◽  
Stimulation Of

Topicality. The urgency is explained by the need of use of taxation regulatory leverage for stimulation of territorial communities cooperation, as well as the development of scientifically substantiated grounds for the economic cooperation of regional economic systems is to be developed in order to increase their socio-economic development and on the basis of improving of the institutional basis in favorable conditions for local self-government reform and inclusion of local systems globalization processes. In the process of active decentralization reform, realization of efforts to build effective local selfgovernance and achieve the development of territorial economic systems on the basis of European integration and the implementation of international best practices and trends, it is necessary to regulate the use of cooperation measures. The practice of applying of contractual forms of cooperation between administrative units in order to improve their economic capacity, which has been spread in the EU, has not been widely disseminated and implemented in Ukraine, despite its exceptional value as a measure to stimulate the socio-economic development of the regions and as an instrument for implementing of strategic documents initiatives on regional policy in Ukraine and in the EU.Aim and tasks. The purpose of the article is to determine the scientific basis for tax incentives for regional economic cooperation as a measure of increase of socio-economic development level, to substantiate the proposals of stimulation of the implementation of investment and innovative projects, that are aimed at improving the community's welfare on local, regional, national and international levels due cooperation tools and better use of local resources and the benefits of territorial units during their participation in economic exchange, that is - during the glocalization process.Research results. It's proposed the scientific principles of tax stimulation of economic cooperation at the regional level and the essence of regional economic cooperation process, achieved by administrative units, is determined. It's stated that such sense should correspond and improve the existing principles and provisions of the European regional policy, implementation means of which are to be updated in accordance with national features and trends of economic system development. The scientific principles and measures that are to stimulate economic cooperation are developed on the basis of actual provisions of the modern institutional environment, including the Tax and Budget Codes of Ukraine. It has been established that the proposed regulatory tax measures have become possible for practical use, on the basis of appropriate scientific justification, due to modern changes in the budget legislation and are promising for implementation, especially in the aspect of the implementation of new large-scale investment projects, and as a lever to support the development of economic growth.The list of local taxes and fees with the help of which it is possible to stimulate regional economic cooperation is determined, the methodical bases of the regulation of economic cooperation are formulated, in the context of inclusion of territorial communities in the processes of global economic exchange. The measures of stimulation of economic cooperation and implementation of strategically important investment projects with global character are proposed. The measures are to establish preferential rates for local taxes within the existing powers of local self-governmental bodies, the application of privileges for reinvestment operations, the drawing up of strategic plans for promising investment-oriented taxation at the territorial level communities and regions.Conclusion. The results of the research are outlined in the article, in the form of regulatory measures, and are actually necessary for central and regional authorities, since they contain a scientific justification for the effective promotion of economic transformations in a territorial context in according to the implementation needs of the reform of local self-governance and taking into account the influence of the processes of globalization. The prospect for further research includes the formulation of methodological approaches to the determining of tax regulators set that are to stimulate socio-economic development and stimulate regional cooperation, to assess the effectiveness of such regulatory measures.

scholarly journals COVID CRISIS AND TOURISM EVOLUTION IN SOME EUROPEAN COUNTRIES: ADAPT TO REALITIES OR REINVENT THE FUTURE?

2021 ◽  
Author(s):  
Jean Vasile Andrei ◽  
◽  
Mihaela Cristina Drăgoi ◽  
Keyword(s):  
Economic System ◽  
Value Chain ◽  
European Countries ◽  
Economic Sectors ◽  
Health Crisis ◽  
Eu Countries ◽  
Synoptic Analysis ◽  
Tourism Sector ◽  
National Economic ◽  
Multiplicative Effects

The health crisis has exerted a significant pressure on the global economic system, implicitly on the evolution of tourism, value chain creation and supply chains, generating shocks on various national economic sectors. In this context, the objective of the paper is to make a brief synoptic analysis on the evolution of the tourism sector in some EU countries. Two periods of time were considered - before the onset of the pandemic (2018-2019) and during the pandemic (in 2020). The results of the analysis confirm the specific trends of reducing the multiplicative effects that tourism has on the economy as well as the decrease, even contracting of the sector, a phenomenon identified through specific analyzed indicators.

INNOVATIZATION AS A BASIS FOR ENSURING ECONOMIC SYSTEM SECURITY

2020 ◽  
Vol 10 (8) ◽  
pp. 1569-1575
Author(s):  
V.Y. Gusarova ◽  
◽  
G.R. Murtazina ◽  
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Structural Changes ◽  
Decisive Role ◽  
Holistic Approach ◽  
Economic Security ◽  
Economic Systems ◽  
External Threats ◽  
National Economic ◽  
Constituent Elements

In modern conditions, ensuring the security of economic systems is interconnected with the categories “sustainability” and “development”. Sustainability of an economic system reflects the reliability and strength of its constituent elements, the efficiency and inviolability of horizontal and vertical links within the system itself. Development is one of economic security components, since the lack of development significantly reduces the ability to resist and adapt to internal and external threats. The security of the national economic system is considered as the ability to survive and develop steadily in the conditions of turbulence and the influence of hard-to-predict factors. The success of economic development is largely determined by significant structural changes based on innovation. Consequently, dynamic innovative development must have an adequate innovative structure. “Innovatization” as an economic category is a process of accumulation, preservation, use and development of the innovative potential of the economic system’s acting entities. The economic theory of economic systems’ innovatization is one of the demanded economic paradigms of our time for most developed and developing countries of the world, including Russia. This is due to the decisive role of innovations in the development of economic systems and, as a result, this is as a source and one of the criterion indicators of economic security. The authors, using the holistic approach and the method of structural-logical decomposition in the study, revealed the content and forms of innovatization in economic development structures as a basis for ensuring economic security.

scholarly journals Modern regulatory practices of the clusterization processes and innovation development of regional economic systems

2020 ◽  
pp. 1-18
Author(s):  
Dmitrii Leonidovich Napolskikh
Keyword(s):  
Economic Development ◽  
Global Scale ◽  
Economic Systems ◽  
Competitive Advantages ◽  
Innovation Development ◽  
Regional Economic ◽  
Cluster Development ◽  
Innovation Economy ◽  
Innovation Clusters

The object of this research is the processes of clusterization of economic systems of Russian regions, particularly Volga Region, in the conditions of establishing innovation economy. The subject of this research is the modern successful practices of regulation of the clusterization processes and innovation development of regional economic systems. The author explores such aspects of this topic as peculiarities of economic development of sectoral and territorial segments of innovation clusters, and integration of production within the framework of cluster formations. Special attention is given to the innovation clusters – leaders in investment attractiveness on the global scale, being members of a priority project of the Ministry of Economic Development of the Russian Federation. The conclusion is made that each of the examined clusters form their own trajectory of development that is based on unique competitive advantages, while maintaining orientation towards the general model of cluster development. The author’s contribution lies in systematization of the successful cluster development and determination of common elements of the model of formation of innovation clusters on regional level.

scholarly journals SUSTAINABLE DEVELOPMENT OF ECONOMIC SYSTEMS: PROJECT-DECENTRALIZATION APPROACH

2018 ◽  
Vol 20 (3(68)) ◽  
pp. 46-56
Author(s):  
P. GORIUP ◽  
O.I. LAIKO ◽  
Z.V. CHECHOVICH
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Investment Project ◽  
Economic Systems ◽  
Investment Projects ◽  
Socio Economic Development ◽  
Methodological Approaches ◽  
Conceptual Foundations ◽  
Stimulation Of

Topicality. The conceptual foundations of institutional support for the development of regional economic systems around the world are in state of constant transformation according to the impact of key topical trends. During the last two decades, the EU has adopted policy of active investment support for the development of local destinations, territorial centers of resource concentration and economic growth. The general rules of the investment activities conducting are combined with targeted measures of support for the implementation of strategically significant projects. The emphasis in the European regional policy has shifted towards the will of the investments attracting so much that, in fact, the whole policy of stimulating of regional sustainable development has turned into investment policy. An important task for the practical implementation of tools for a project, decentralization approach is the development of methodical tools for the preparation and execution of priority investment projects in the territorial communities in order to develop scientific and applied tools. Even the consideration of specific practical situations is urgent with the purpose of generation of new organizational and economic mechanisms that are to stimulate investment development of territories. Despite numerous theoretical and applied developments in the field of the socio-economic development stimulation of regions and territorial communities, the questions remain unanswered regarding the methodological bases for regulation of priority areas of economic activity of territorial communities and methodological approaches to selection, assessment of the degree of perspective and promotion of implementation of priority investment projects taking into account the specifics and the concentration of local resources. In more specific and applied aspects, the issue of project incentives for socio-economic development of communities is unresolved for the conditions of the national economy, on the basis of decentralization reform and taking into account the requirements of the ideology of sustainable development. Also, the description of various situations with the organization of socio-economic development of the territorial community in the conditions of decentralization, as an example of concrete projects, is still insufficiently considered.Aim and tasks. The purpose of the article is to formulate conceptual foundations, methodological approaches to the stimulation of the sustainable development of territorial communities in the conditions of decentralization, using the best European principles, practices and on the basis of specific situation description of the development and implementation of a long-term investment project for the territorial community. Consideration of the prospects and key aspects of the implementation of investment projects will be considered on the example of the planned association of the Lyman united territorial community of the Tatarbunarian district of the Odessa region.Research results. The conceptual, methodical principles of project support of investment activity in territorial communities are considered, algorithm of selection and support of investment project realization, which is a priority for the territorial community, is defined. There is considered, on the example of the Lyman United Territorial Community, a project on integrated recycling and rational waste management, the results of which the experts of the Institute for Market Problems and Economic & Ecological Research of the National Academy of Sciences of Ukraine with representatives of the future community testify to the demand for an individual, pro-project approach to the solution of territorial communities problems, on the basis of local features. Thus, in the considered example, taking into account the specifics of composition, volumes, garbage structure and taking into account the seasonal fluctuations in its formation, the original methods are proposed that are available for the community during the processing of waste products into useful products, which are in demand, first of all, in the domestic market segment of the same community. The economic, social, ecological effectiveness of this project is determined, prospects of viability and opportunities for project development are estimated.Conclusions. The experience of working with representatives of territorial communities in the field of implementation of scientific and applied developments to stimulate the socio-economic growth of economic systems on the basis of sustainable development suggests the need for methodological tools on planning sustainable development of territorial communities in the context of decentralization reform.The prospects of the proposed approach include the possibility of local administration and application of measures of economic and organizational assistance for the implementation of such unique projects by the very same territorial community. Support for promising investment projects can be carried out directly by the administrations of territorial communities on the basis of scientifically substantiated principles concerning economic, tax, organizational and other types of regulation.

scholarly journals SPATIAL NON-HOMOGENEITY OF THE COVID-19 PANDEMIC IMPACT ON SOCIAL ECONOMIC DEVELOPMENT OF RUSSIAN REGIONS

2021 ◽  
Vol 16 (3) ◽  
pp. 238-254
Author(s):  
Tatyana V. Miroliubova ◽  
◽  
Ekaterina N. Voronchikhina ◽  
Keyword(s):  
Economic Development ◽  
Regional Economy ◽  
Social Economic ◽  
Positive Impact ◽  
Demographic Factors ◽  
Economic Systems ◽  
Russian Regions ◽  
Regional Economic ◽  
Resilience Index ◽  
Social Economic Development

T he global nature of the COVID-19 pandemic outlined new challenges for the economic studies aimed to define the factors measuring the difference in the scope of the coronavirus-induced crisis consequences for the national social economic systems. The purpose of this research is to develop the tools to define the COVID-19 pandemic impact on the social economic development of the Russian regions and the resilience of the regional systems to the pandemic in terms of demographic factors. The methodology of the research includes statistical analysis and econometric modeling. The authors defined the economy resilience to the pandemic and developed a resilience index of the regional economy to the COVID-19 pandemic. The resilience index includes groups of homogeneous indicators characterizing the factors of the regional economic growth. Resilience of the regional economy to the COVID-19 pandemic is measured to reveal a negligible positive impact of the population density on the resilience of the RF regions’ economy to the coronavirus-induced crisis. The regions were clustered by the resilience index of their economies to the COVID-19 pandemic, and the leaders-regions, the regions with a moderate level and outsiders-regions were defined. A higher level of the regional economic development is found not to guarantee a more resilient economy to the COVID-19 pandemic. The obtained scientific results could be used to choose customized tools for the recovery of the regional social economic systems with due regard to the area with the worst dynamics of the indicators. Further scientific research is seen to be in analyzing the spatial non-homogeneity during the pandemic compared with pre-pandemic and post-pandemic periods, as well as in measuring the detrimental effects of the coronavirus and other external shocks on the RF regions’ economies in the context of demographic factors.

scholarly journals The dimensions of fiscal governance as the cornerstone of public finance sustainability: A general framework

2014 ◽  
Vol 26 (1) ◽  
pp. 94-139 ◽  
Author(s):  
Alessandro Giosi ◽  
Silvia Testarmata ◽  
Sandro Brunelli ◽  
Bianca Staglianò
Keyword(s):  
Public Finance ◽  
European Union ◽  
Fiscal Policy ◽  
General Framework ◽  
European Countries ◽  
The European Union ◽  
Eu Countries ◽  
National Governments ◽  
The Eu

Recently many European countries have incurred crises in public finance despite the fact that EU institutions have pushed the national governments toward the sustainability of public finance with compulsory and voluntary rules regarding fiscal governance. This paper investigates the relations between the quality of fiscal governance and the financial virtuosity of national fiscal policy. We proposed a general framework for analyzing the fiscal governance issue and we empirically tested the correlation between the dimensions of fiscal governance and the budgetary performance of EU countries. The results showed a positive correlation between the quality of fiscal governance in the EU countries and financial surplus in the period concerned. However further investigations are needed and an effort should be made to collect uniform data on fiscal governance in the European Union.

scholarly journals Socio-Economic Development of Russia and Problems of Spatial Structuring

2021 ◽  
pp. 64-76
Author(s):  
Natalya Molchanova
Keyword(s):  
Economic Development ◽  
Social Order ◽  
State Regulation ◽  
Economic Research ◽  
Economic Systems ◽  
Economic Science ◽  
Successful Implementation ◽  
Public Attention ◽  
Regional Economic ◽  
Spatial Structuring

The transition to a new social order is accompanied by changes in the methodology and functioning of socio-economic systems. The modern period of the development of scientific research is characterized by a variety of recommendations and opinions of scientists on the strategy and tactics of managing economic development. It is difficult to reach a consensus in choosing the most effective means of economic policy, taking into account the peculiarities of the current internal and external situation. For the functioning of the national economy of Russia, it is important to reach a consensus in the applied methods and instruments of state regulation of economy in the territorial context: macroregions, regions, municipalities. The necessary conditions for the successful implementation of state plans and programs are the coordination of the activities of economic entities, production cooperation, and the stability of economic ties. The development and implementation of effective measures are relevant to current scientific problems and are in the center of public attention. The aim of the research is to study the features of spatial structuring in accordance with regional policy and national strategic documents, to conduct a content analysis of the socio-economic situation of Russian territories of different ranks. The expected result is the preparation of recommendations for the development of certain aspects of regional economic research. On the basis of factual material on federal districts, the work examines the possibilities of the practical application of methods and tools of regional economic science to achieve high results in business practice. Using general scientific and applied methods, a conceptual vision of the necessary changes in the priorities of spatial development and the system of strategic planning documents is presented. Based on the objective process of digitalization, current trends have been identified and possible innovations in approaches to structuring space at the subnational level have been formulated, and possible directions of transformation in the management of regional socio-economic systems have been substantiated.

scholarly journals TAX INSTRUMENTS FOR ENSURING ECONOMIC DEVELOPMENT AND COOPERATION OF TERRITORIAL COMMUNITIES

2020 ◽  
Vol 22 (2(75)) ◽  
pp. 7-16
Author(s):  
B.V. BURKINSKYI ◽  
O.I. LAIKO ◽  
V.P. TALPA
Keyword(s):  
Economic Development ◽  
Division Of Labor ◽  
Institutional Environment ◽  
Developed Countries ◽  
Economic Cooperation ◽  
Economic Systems ◽  
Investment Activity ◽  
The Impact ◽  
Economic Capacity ◽  
Stimulation Of

Topicality. Tax instruments that are aimed on stimulation of economic activity are widely used as regulators of regional territorial economic systems in developed countries, especially in the EU, and for Ukraine this practice, on the author's opinion and on the opinion of many experts in taxation sphere, will also support economic development priorities and would be appropriate and effective. The processes of voluntary formation of united territorial communities and decentralization of administrative-territorial organization in Ukraine did not bring the expected growth in the economic development of territorial economic systems and this necessitates the formation of a comprehensive policy to promote economic development of territorial complexes with special emphasis on economic growth. Supporting the priorities of economic development of regional, subregional economic systems and parts of functional areas at the basic level can be effectively implemented through tax instruments, because such measures are effective and can stimulate the rapid direction of financial, commodity, logistics, investment flows towards favorable business conditions. A promising direction for the development of territorial economic systems is the support of economic cooperation in communities, because this will provide conditions for the division of labor in the territorial dimension and will stimulate the creation of extended value chains.Aim and tasks. The purpose of the article is to substantiate the feasibility and determine the potential effectiveness of tax instruments that are to stimulate the economic development and cooperation of territorial communities in Ukraine in the context of administrative and territorial reform and according to the impact of modern challenges of the ensuring of the competitiveness of domestic economic complexes in context of integration into world economic systems.Research results. The article considers the tools of economic cooperation of communities as means of functional territories creating, which is an alternative to the process of united territorial communities forming, and as a universal mean of ensuring of the economic capacity of communities in terms of unification, which is especially relevant during the completing of decentralization reform, when delegation of all powers is provided to the Cabinet of Ministers of Ukraine.Measures of economic capacity increase of territorial communities with the use of economic cooperation tools are developed in the article, including tax, organizational, financial, informational levers that are relevant to the current conditions of development of territorial communities in Ukraine and regions. Particular attention is paid to tax measures and mechanisms that are to stimulate economic development and cooperation of local communities, as it is proved that such levers of regulation are among the most effective.Conclusion. It is determined that stimulation of investment activity, general economic development and cooperation by tax regulation measures is already possible and appropriate institutional support for such tools has already been formed, but for further introduction of a comprehensive mechanism of tax stimulation of cooperation and formation of functional territories on the basis of effective division of labor support, additional more significant and systemic changes to the current institutional environment, especially to the Tax Code of Ukraine are needed.

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