scholarly journals Local Taxes Efficiency in the Context of Regional Socio-Economic Development

2021 ◽  
Vol 2021 (2) ◽  
pp. 66-75
Author(s):  
Yaryna V. Samusevych ◽  
Yuliia O. Sergienko ◽  
Bhola Khan
Keyword(s):  
Economic Development ◽  
Regional Development ◽  
Local Governments ◽  
Panel Data Analysis ◽  
Ordinary Least Squares ◽  
Regression Equations ◽  
Local Taxes ◽  
Tax Revenues ◽  
Socio Economic Development ◽  
The Impact

Development of regions is one of the priority areas of state regional policy, which purpose is to create appropriate conditions for dynamic, balanced socio-economic development of Ukraine and regions, improving living standards, ensuring compliance with state-guaranteed social protection for each citizen and elimination of main regional imbalances. Ensuring competitiveness and socio-economic development of regions is a prerequisite for growth in the local and national economies. The impact of increasing the financial autonomy of local governments primarily depends on their financial provision. One of the primary sources of local revenues is local taxes and fees, which enhance the efficiency of using budget instruments for the socio-economic development of administrative units. The main contribution of the research lies in the testing of the hypothesis of existing relationship processes between local taxes and indicators of regional development based on panel data analysis for all regions of Ukraine using the regression model in Stata SE and MS Excel. The research period covers 2018–2020. The dataset includes parameters of local tax revenues and indicators of regional development. To substantiate the role of local taxes in regional development, a set of hypotheses about the relationships between local tax revenues and regional development dynamics were specified. In the process of calculations, 18 regression equations (ordinary least squares panel regression method) were created, which allow estimating the impact of local taxes on the general indicators of regional development. Calculations results proved that local taxes have a significant positive effect on ensuring the growth in regional social and economic development indicators. This creates a background for enhancing the financial capacity of local budgets due to the improvements in the local tax system.

scholarly journals THE FINANCIAL SITUATION AS A STIMULANT OF THE COMPETITIVE POSITION OF RURAL COMMUNES IN THE ŚWIĘTOKRZYSKIE VOIVODESHIP

2020 ◽  
Vol 5 (5) ◽  
pp. 1 ◽  
Author(s):  
Andrzej Pawlik ◽  
Urszula Karpinska
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
Market Conditions ◽  
Financial Situation ◽  
Competitive Position ◽  
Local Taxes ◽  
Socio Economic Development ◽  
Transfer Income ◽  
Entire Economy ◽  
Operating Surplus

Market conditions force local governments to take actions directed to the development and improvement of competitiveness. The efficiency of municipalities is determined by the efficiency and dynamics of development of the entire economy. The financial situation is a component of the competitiveness and responsibility of local authorities for the socio-economic development of the commune. The aim of the article is to analyse the spatial disproportions of the financial situation of rural communes in relation to their competitiveness using the TOPSIS synthetic measure. The analysis was conducted in a system of 69 rural communes of the Świętokrzyskie province. To assess the financial situation, the following were used: own income, local taxes and fees, income from PIT and CIT, operating surplus, transfer income and EU funds, property (investment) expenses, as well as interest and debt expenses. The conducted research showed that in the analysed period of 2007–2017 communes were characterized by stable diversification of financial situation and competitiveness.

scholarly journals Innovative development of the regions: cooperation between enterprises and state institutions

2019 ◽  
pp. 354-365 ◽  
Author(s):  
Nataliya Tyukhtenko ◽  
Serhii Makarenko ◽  
Nataliia Oliinyk ◽  
Krzysztof Gluc ◽  
Edwin Portugal ◽  
...  
Keyword(s):  
Economic Development ◽  
State Policy ◽  
Local Governments ◽  
Economic Security ◽  
Industrial Parks ◽  
Socio Economic Development ◽  
Close Relationship ◽  
State And Local ◽  
Regional Product ◽  
The Impact

In the conditions of limited sources of financing for the introduction of advanced innovative technologies and equipment modernization, to retain the existing positions and increase the overall level of competitiveness can only the company that establishes a close relationship with government bodies, local governments and trade union organizations with the aim of obtaining possible preferences for development within the existing regulatory right field. The purpose of the article is to analyze the main socio-economic indicators of the development of Ukraine and its regions, the definition and justification of possible areas of establishing interaction between private enterprises and government agencies. The methodological basis of the study consisted of scientific works of domestic and foreign scientists and leading specialists, statistical and analytical materials of state authorities. The results are obtained through the use of such methods as expert – to identify the impact of qualitative and quantitative indicators on the socio-economic development of the Kherson region; economics and mathematics – to study the influence of a defined group of indicators on the index of the physical volume of the gross regional product; abstract-logical – for a theoretical synthesis and formulation of conclusions. It is revealed that among the key areas of interaction is the promotion of the state and local authorities in the creation of industrial parks. The conducted research on identifying the strengths and weaknesses, opportunities and threats of the economy of the Kherson region indicates the need to develop measures to ensure the economic security of the region. To solve these problems at the regional level, it is proposed to implement a state policy that would be carried out in the following areas: ensuring a solid institutional protection of investor's property rights; improvement of the legislative framework; establishing an effective mechanism for combating corruption in Ukraine, developing an effective state policy on amnesty and unshadowing of incomes of individuals and legal entities. Keywords: socio-economic development, management, innovation, industrial park, competitiveness, foreign investment, amnesty of capital.

scholarly journals Tax regulation of socio-economic development

2020 ◽  
pp. 147-155
Author(s):  
Valeriy Koroviy
Keyword(s):  
Economic Development ◽  
Tax Policy ◽  
The State ◽  
Regulation Mechanism ◽  
State Budget ◽  
Tax Revenues ◽  
The Social ◽  
Socio Economic Development ◽  
The Impact ◽  
Tax Regulation

Relevance of research topic. Tax regulation is a key factor in ensuring economic development and social stability through a balance of fiscal and stimulus functions. The sources of accumulation of funds of financial resources are the taxes in various forms, which is provided by the fiscal function. The priority is represented by the formation of strategic goals of tax policy to achieve the goals of public financial management. It is necessary, under the current conditions, to improve the structure of tax revenues of the budget. Formulation of the problem. Further development of provisions for the development of a tax regulation mechanism will provide an opportunity to increase the degree of adaptability of the impact of taxation on the socio-economic environment. Important priorities in the activities of fiscal authorities are to improve the quality of the mechanism of tax administration, improving the model of the state tax risk-management. Analysis of recent research and publications. The development of the mechanism of tax regulation was considered by foreign scholars, in particular, A. J. Auerbach, R. M. Byrd, E. M. Zolt, J. Mehon, A. Laffer, J. Friedman, V. Tanzi. Their work reflects the importance of tax regulation to ensure progressive socio-economic development over the past decades. L. Lysyak, A. Mazaraki, M. Kuzhelev, A. Nikitishin, V. Makogon, L. Sidelnikova, I. Chugunov and other Ukrainian scientists have developed a concept for implementing of the tax policy in Ukraine in the context of economic system transformation. Selection of unexplored parts of the general problem. The mechanism of the tax regulation of socio-economic development needs further research. An important task of the state is to increase the effectiveness of fiscal incentives. The aim of the article is to improve the mechanism of formation and implementation of the mechanism of tax regulation of socio-economic development of the country in terms of structural changes in the financial system. Research methodology. The system approach and the method of comparative analysis, synthesis, logical approach and method of scientific abstraction are used. Techniques of statistical analysis were used in the study of the peculiarities of tax revenues and fees to the State Budget of Ukraine. Results of work. An analysis of the impact of the tax revenues on the dynamics of economic development for the period 2011-2019 was performed. The dynamics and the specific weight of the overpayment of the taxes and fees to the State Budget of Ukraine are studied. The directions of improvement of the system of tax administration are offered. Suggestions for improving the tax regulation mechanism are substantiated. Conclusions. Tax regulation is a very effective lever of influence on the dynamics of economic development and the social stability. At the center of the institutional mechanisms of its implementation is a set of redistributive relations regarding the social product. The development of the provisions for forecasting and planning of the tax policy measures in the context of globalization will provide an opportunity to increase the adaptability of the impact of tax regulation on economic development. In order to improve tax regulation in the formation of budget revenues, it is advisable to improve the quality of forecasting macroeconomic indicators of the country's development and planning of the tax revenues, and to increase the effectiveness of mechanisms for collecting and preventing the growth of tax debt. It is quite important and relevant to ensure a balanced tax policy, which should be based on a systematic approach to the interaction of the components of tax relations, taking into account the principles of fiscal sufficiency, neutrality, stability and cost-effectiveness of taxation.

scholarly journals Determinants of Fiscal Decentralization Policy in the Republic of Korea

1993 ◽  
Vol 8 (0) ◽  
pp. 91-107
Author(s):  
Jhung Soo Park
Keyword(s):  
Economic Development ◽  
Time Series Data ◽  
Fiscal Decentralization ◽  
Empirical Work ◽  
Theoretical Work ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Regression Equations ◽  
Socio Economic Development ◽  
Decentralization Policy

The aim of this research is to explore the assignment of fiscal responsibility among levels of government and to evaluate the relative importance of socio-economic development and political-administrative conditions as determinants that explain the variations of fical decentralization policy of government in Korea. The empirical work was based on theoretical work in the area. Time-series data are used to include political and administrative variables which had not been included in previous empirical studies of this area. Regression equations were estimated by Ordinary Least Squares, Cochrane- Orcutt, and Maximum Likelihood techniques, whichever allowed for autocorrelation among the explanatory variables. The empirical results of the determinants study support much of the theoretical work in the area of fiscal decentralization. Socio-economic development, political democracy instability, and administrative factors primarily explain the variations in fiscal decentralization. Findings in this study suggest that if the goal of intergovernmental fiscal policy is to encourage fiscal decentralization or composite decentralization, then it should emphasize the political and administrative factors as well as the socio-economic development factor.

scholarly journals THE ROLE OF TAX POTENTIAL IN THE DEVELOPMENT OF LOCAL GOVERNMENT IN UKRAINE

2021 ◽  
pp. 77-88
Author(s):  
Oksana DESIATNIUK ◽  
Fedir TKACHYK
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
Financial Support ◽  
Financial Resources ◽  
Present Stage ◽  
Tax Base ◽  
Tax Revenues ◽  
Socio Economic Development ◽  
Tax Capacity

Introduction. At the present stage of development of Ukraine’s economy, the need to equalize territorial disparities in the financial support of territorial communities is especially relevant. The implementation of the policy of decentralization in the context of the formation of financial resources of local self-government increases the importance of tax and budgetary levers in the process of socio-economic development of administrative-territorial entities. In this aspect, the tax potential of local governments as a priority element of regional fiscal policy plays an important role. The ability of public authorities and local governments to transform the tax base into tax revenues gives them the opportunity to perform their functions, in particular to influence the financial and economic processes in society. The purpose of the article is to determine the features of the formation and effective use of tax potential in the development of administrative-territorial units at the present stage. Results. The urgency of the problem of financial support for the activities of local governments in Ukraine is outlined. The role of local governments in building tax potential for effective fiscal regulation of socio-economic development of territorial entities has been studied. Topical aspects of formation of budgetary resources of municipalities in the Ukrainian and European practice are covered. The dynamics and structure of actual performance indicators of the revenue side of local budgets in Ukraine are analyzed. The role of tax revenues in the financial resources of territorial communities has been growing. The component formation of tax capacity of local budgets in Ukraine was monitored. Considerable attention in the article is paid to risks and threats of fiscal nature that affect the effective development of local self-government. Among them are the shadow economy and pandemic processes (COVID-19). Ways to increase the tax base of territorial communities are systematized. The importance of tax potential in the socio-economic, technical and environmental development of local governments in Ukraine is proved. Perspectives. Further research will focus on current aspects of the formation of the tax capacity of territorial communities in the languages of tax reforms on the basis of fiscal federalism and decentralization.

scholarly journals CONDITION OF FINANCIAL SUPPORT OF REGIONAL POLICY

2019 ◽  
Keyword(s):  
Economic Development ◽  
Regional Development ◽  
Financial Support ◽  
Regional Policy ◽  
Financial Policy ◽  
Financial Autonomy ◽  
Local Taxes ◽  
Socio Economic Development ◽  
Local Budget ◽  
Regional Financial Policy

The article assesses the financial support of regional policy. The theoretical and methodological foundations of regional financial policy in Ukraine are highlighted. The main instruments for securing this policy are the share of revenues assigned to territories in the budgets at all levels of the budget system, local taxes and fees, the rates of deductions from state taxes to local budgets, as well as subsidies provided to local budgets. It is noted that there is a considerable dependence of the development of the territories on the processes occurring in the higher level administrative units. The essence of regional financial policy as a spatial segment of public financial policy is revealed. Models of financing of regional development are given. The current model of financing regional development is multichannel, multilevel and includes both traditional financial institutions - state, local budget, and new institutions of mixed financing of the transformational economy. At the regional level, one of the main elements of the mechanism for regulating socio-economic development is the development and implementation of integrated regional programs aimed at improving the functioning of a particular sector of the economy. On the example of Kharkiv region, the mechanism of regulation of socio-economic development is analyzed by evaluating the effectiveness of regional financial policy implementation by individual indicators. The influence of local self-government bodies of Kharkiv region on formation of own financial policy is determined. According to the results of the research, the indicators of financial independence of local self-government were calculated: the coefficient of financial autonomy, the coefficient of financial dependence, the coefficient of autonomy, the ratio of the share of local taxes and fees in the structure of tax revenues. Based on the research, it is found that the share of state transfers in local budget revenues is gradually decreasing, financial dependence on public revenues is decreasing, tax revenues in the structure of local budgets are increasing, which indicates an increase in financial autonomy as a whole.

Conceptual principles of public management of socio-economic development of the region

2020 ◽  
pp. 35-45
Author(s):  
Maryna Skyba
Keyword(s):  
Economic Development ◽  
Regional Development ◽  
Local Governments ◽  
Public Management ◽  
Regional Policy ◽  
The State ◽  
Regional Level ◽  
Public Authorities ◽  
Socio Economic Development ◽  
Strategic Program

The analysis of the scientific sources devoted to problems of regional development is carried out. The article reveals that the organizational and legal basis for the regional policy has been formed the basic principles of regulation of socio-economic development at the regional level have been determined in Ukraine during the period of independence. The research shows that in the context of continuing administrative reform, the state regional policy, which is part of the national strategy of the socio-economic development of Ukraine, is closely linked to adjusting the administrative-territorial structure of the state. It is implemented by executive authorities and local governments through the system of methods, tools, means, measures for the realization of the defined purposes and maintenance of efficient, complex management of social and economic development at the regional level. The dynamics of the main indicators of socio-economic development at the regional level is presented. The paper shows that the GRP resumed growing in Donetsk and Luhansk regions. The analysis indicates the population reduction in all regions of Ukraine, except for Kyiv region, which is the leader in the number of arrivals; concentration of human resources in industrial regions (25% of the population of Ukraine is concentrated in Donetsk, Dnipropetrovsk, Kharkiv regions); GRP growth per capita in most oblasts and Poltava, Dnipropetrovsk, Kyiv (excluding Kyiv) oblasts reaching the leading positions; increasing level of concentration of production in cities with a population of over a million: Kyiv, Kharkiv and in the largest regional centers of Ukraine: Dnipro, Odesa, Lviv, and others. The paper proves that public authorities during the development of strategic, program decisions on regional development management should take into account the challenges caused by the geopolitical situation, the global crisis caused by the pandemic, climate change, man-made disasters, etc.

scholarly journals Assessment of the level of local budget financial decentralization: Case of Ukraine

2020 ◽  
Vol 9 (1) ◽  
pp. 34-47
Author(s):  
Nadiya Dekhtyar ◽  
Katarina Valaskova ◽  
Olga Deyneka ◽  
Nataliya Pihul
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
Local Level ◽  
Methodological Approach ◽  
Integrated Index ◽  
Self Sufficiency ◽  
Socio Economic Development ◽  
Local Budget ◽  
The Impact ◽  
Budget Execution

Further improvement of financial relations at the local level and the development of local budgets take place in the context of financial decentralization. This implies strengthening the role of local governments in attracting necessary financial resources to ensure socio-economic development of territories. The purpose of this paper is to identify the impact of decentralization on the state of local budgets and to develop a scientific and methodological approach to assessing the level of financial decentralization of local budgets using the example of Ukraine for 2010–2019. The developed methodology consists of six successive stages. A comparative analysis of the dynamics of indicators of local budget execution in Ukraine in terms of revenues, expenditures and transfers using an integrated index obtained through taxonomic analysis is conducted. As a result of evaluating the effectiveness of the basic principles of financial decentralization, the expediency of calculating the integrated index of local budget financial decentralization is substantiated. This index is formed using intermediate indicators of autonomy to cover expenses and generate income both on the basis of own sources and taking into account the received state transfers for the implementation of their own and delegated powers of local governments. The implementation of the proposed method allow one to assess the levels of financial decentralization of local budgets to establish the degree of financial autonomy and financial self-sufficiency of the territories. The results obtained should be considered when determining the effectiveness of financial support for local budgets in the process of socio-economic development of regions.

scholarly journals Transformation of the Structure of the Russian Banking Sector: The Impact on Regional Development

2020 ◽  
Vol 28 (4) ◽  
pp. 695-722
Author(s):  
Alim B. Fiapshev ◽  
Elena V. Travkina ◽  
Vitaliy V. Poznyakov
Keyword(s):  
Economic Development ◽  
Central Bank ◽  
Regional Development ◽  
Price Competition ◽  
Banking Sector ◽  
Banking System ◽  
Banking Services ◽  
Socio Economic Development ◽  
Regional Banks ◽  
The Impact

Introduction. Inconsistency of the governmental regulatory impact on the socio-economic processes is one of the destructive factors in the increasing asymmetry of regional development. The decisions taken in the sphere of financial market regulation have provoked large-scale structural and quantitative changes in the banking system. The purpose of this study is to assess the impact of the occurred transformation on regional development and to analyze the possibilities of reducing gaps in the volume of banking services provided in Russia’s regions as well as in the level of their socio-economic development. Materials and Methods. The study was conducted on the basis of data from the Central Bank of the Russian Federation and the Federal State Statistics Service. The results of the banking system transformation and the possible impact of the changes on regional development were assessed using the methods of scientific knowledge. When working with the empirical material, the methods of comparison, measurement and evaluation were used. Results. The authors have identified gaps in the level of socio-economic development of Russia’s regions. For a long time, a number of regions have demonstrated limited opportunities for self-development and to fulfil their potential. The acuteness of this problem can be smoothed out by the tools of bank regulation (e.g. lending). After the decrease in the number of regional banks, the banking services market has seen steady signs of oligopoly with a marked decline in price competition. Negative effects of this decline have been increasing at the regional level. Discussion and Conclusion. Regional socio-economic dynamics demonstrate high sensitivity to the reduction in the number of regional banks operating independently as well as to the decline in price competition in the banking services market. It is important that the regional component be taken into account in regulatory practices, including that applicable to the banking sector. Preservation of the regional segment of this system will help to solve a lot of problems at the local level and thus make a significant contribution to overcoming the gaps in the socio-economic development of the regions. The results of this study will be useful to managers of the Central Bank of Russia, as well as to regional and local authorities.

scholarly journals The Impact of Interregional Economic Differentiation on the Economic Security of the Regions of Ukraine

2020 ◽  
Vol 7 (2) ◽  
pp. 126-136
Author(s):  
Vira V. Lebedchenko
Keyword(s):  
Cluster Analysis ◽  
Economic Development ◽  
Regional Development ◽  
Objective Assessment ◽  
Economic Security ◽  
Natural Phenomenon ◽  
Structure And Dynamics ◽  
Social And Economic Development ◽  
Socio Economic Development ◽  
The Impact

Interregional economic differentiation is common in most countries. On the one hand, economic differentiation is a natural phenomenon, on the other hand, it demonstrates the inefficiency of the national budget policy. However, to develop effective mechanisms for reducing interregional economic differentiation, its objective assessment is a priority. The purpose of this study is to analyse and evaluate the socio-economic differentiation of regional development. It considers the systematisation of theoretical provisions and methodological recommendations for the analysis and regulation of differentiation of socio-economic development of regions in the system of their economic security. The method of analysis for research of structure and dynamics of differentiation of social and economic development of regions is offered. The study proves the necessity of using a set of statistical characteristics and the method of cluster analysis. The authors of the study propose a methodical approach to the calculation of a one-dimensional relative indicator of the rank spread, which shapes an idea of the distribution of economic differentiation in the middle of the economic group under study. The methods used in problems of research of structure and dynamics of differentiation of social and economic development of regions are analysed, the technique of an estimation of level of differentiation is offered. The concept of socio-economic differentiation of regions is covered. The lines of regulation of social and economic differentiation and intensification of economic security of the region are offered. In accordance with the cluster analysis and the used adaptive method of assessing the economic security of the regions for monitoring and strategic planning of socio-economic development of the region, the socio-economic development of the regions of Ukraine was studied. According to the results of the analysis, it was found that there is a considerable discrepancy in many economic and social indicators, which may confirm the disparities in regional development

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