The monetization coefficient of the region and its impact on the development of a territorial unit’s economy

2019 ◽  
Vol 5 (3) ◽  
pp. 235-250
Author(s):  
Yulia V. Kuvaeva
Keyword(s):  
Economic Development ◽  
Regional Economy ◽  
The State ◽  
Developed Economies ◽  
Bank Deposits ◽  
Financial Depth ◽  
Level Of Economic Development ◽  
Mutual Relations ◽  
National Economies ◽  
The Impact

In recent years, the role of the financial system in the development of national economies has been widely discussed in the global and national economic literature. This article analyzes the influence the financial depth of economy has on the level of its development in some Russian regions. Notably, the notion of “financial depth of economy” is not yet sufficiently studied, and therefore, the analysis of the impact, which individual indices of “financial depth” have on the level of development of territorial entities within the state, has not received sufficient attention. The methodological basis of the study includes theoretical foundations of macroeconomic theory, describing the existence of mutual relations between the level of development of the financial sector and the economic growth. This study aims to study the possible impact of one of the indices of the financial depth of the regional economy — the coefficient of monetization of closed territorial formations within the state, which has a federal structure — on the level of the region’s economic development. The information base of the research consists of the data on 20 constituent entities of the Russian Federation with the highest and lowest value of the statistical index “funds of organizations, bank deposits (deposits) and other borrowed funds of legal entities and individuals”. The results show that the financial depth of the region’s economy according to the index “monetization coefficient” does not exceed 50%, except for two key subjects (Moscow, St. Petersburg), while in the countries with developed economies this index reaches the level of 200%. The calculated determination coefficient indicates an insignificant impact of the factor (monetization of a specific RF entity) on the variation of the effective index (GRP per capita of the sample subject). Thus, the impact of one of the indices of the financial depth of the regional economy — the coefficient of monetization of closed territorial formations — on the level of economic development of the region does not find a corresponding confirmation in the Russian experience.

scholarly journals INFLUENCE OF TOURISM ON GROSS DOMESTIC PRODUCT (ON THE EXAMPLE OF OIL PRODUCING COUNTRIES)

2021 ◽  
Vol 31 (3) ◽  
pp. 371-379
Author(s):  
E.V. Kutyashova ◽  
O.E. Danilin
Keyword(s):  
Economic Development ◽  
Gross Domestic Product ◽  
Raw Materials ◽  
Domestic Product ◽  
Economic Activities ◽  
Economic Sectors ◽  
Average Growth ◽  
Level Of Economic Development ◽  
National Economies ◽  
The Impact

The article is devoted to the peculiarities of the economic development of oil-producing countries, the impact of tourism on the economy of energy exporting countries and the formation of gross domestic product. The high dependence of oil-producing countries on the export of raw materials, fluctuations in the world oil market and awareness of the limited resources require a policy of diversification of national economies. Overcoming the dependence of the economy on a narrow range of economic activities, countries choose rapidly developing economic sectors that provide investment inflows, high export earnings and job creation. One such sector is tourism and travel. Within the framework of the study, countries with a high degree of dependence on energy exports were identified and grouped according to the level of economic development. To identify the role of tourism in the formation of the gross domestic product and the development of oil-producing countries, the average growth rates of the gross domestic product, the contribution of tourism to GDP, and investment in tourism were calculated for the period from 2010 to 2019. The countries that have chosen tourism as the direction of economic diversification are highlighted. An assessment of the impact of tourism on the rates of development of national economies of oil-producing countries is given.

scholarly journals The impact of the history of statehood on the economic development of countries

2021 ◽  
Vol 3 (1) ◽  
pp. 167-188
Author(s):  
Milojko Arsić
Keyword(s):  
Economic Development ◽  
Empirical Research ◽  
Developed Countries ◽  
The State ◽  
Medium Length ◽  
Time To Build ◽  
Level Of Economic Development ◽  
History Of ◽  
Historical Heritage ◽  
The Impact

The paper investigates the impact of the history of statehood, as a part of historical heritage, on the current level of economic development of countries. The history of statehood affects the efficiency of the state in performing functions that are important for the functioning of the economy and its progress, such as the quality of institutions, economic policy, education, infrastructure, etc. Empirical research mainly supports the existence of a link between the length of statehood of countries and their level of economic development in the form of an inverted letter "U", which means that the most developed countries have "medium" length of statehood. Countries with "medium" length of statehood could learn from the mistakes of older states, and had enough time to build state capacities. The connection between the history of statehood and the level of economic development of countries is stronger if statehood is measured on the basis of the history of statehood of the population inhabiting present countries, rather than on the basis of the history of statehood in modern countries. This result is consistent with empirical research according to which social norms and forms of behavior that are important for the functioning of the state are relatively stable over time.

scholarly journals Monetization Factor of the Region as an Indicator of Financial Depth of Economy

Vestnik NSUEM ◽  
2019 ◽  
pp. 171-183
Author(s):  
Yu. V. Kuvaeva
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Money Supply ◽  
Gross Regional Product ◽  
Macroeconomic Theory ◽  
Financial Depth ◽  
Level Of Economic Development ◽  
Regional Product ◽  
National Economies

The role of financial system in the development of national economies has been widely discussed in Russian and foreign literature in recent years.The article covers the analysis of the influence of financial depth of economy on the level of its development.The theoretical provisions of macroeconomic theory describing relation between the level of development of financial sector and economic growth formed the methodological base of the study.The aim of the study is examination of the possible influence of one indicator of financial depth of economy of closed territorial formations inside the state of federative framework on the level of economic development of the relevant region.The analysis revealed the main trends in the «money supply/gross regional product» – «level of economic development of the region» frame; the suggestions about reasons of their emergence were expressed.

IMPACT OF GOVERNMENT DEBT ON FINANCIAL SECURITY OF UKRAINE

2017 ◽  
Author(s):  
Olena Pikaliuk ◽  
◽  
Dmitry Kovalenko ◽  
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Positive Impact ◽  
The State ◽  
Financial Security ◽  
State Budget ◽  
The Public ◽  
Debt Security ◽  
The Stability ◽  
The Impact

One of the main criteria for economic development is the size of the public debt and its dynamics. The article considers the impact of public debt on the financial security of Ukraine. The views of scientists on the essence of public debt and financial security of the state are substantiated. An analysis of the dynamics and structure of public debt of Ukraine for 2014-2019. It is proved that one of the main criteria for economic development is the size of public debt and its dynamics. State budget deficit, attracting and using loans to cover it have led to the formation and significant growth of public debt in Ukraine. The volume of public debt indicates an increase in the debt security of the state, which is a component of financial security. Therefore, the issue of the impact of public debt on the financial security of Ukraine is becoming increasingly relevant. The constant growth and large amounts of debt make it necessary to study it, which will have a positive impact on economic processes that will ensure the stability of the financial system and enhance its security.

Transformation of Scientific Approaches to the Practice of Regulating the Socio-Economic Development of a Region

2018 ◽  
Vol 11 (4) ◽  
pp. 102-110
Author(s):  
N. P. Molchanova
Keyword(s):  
Economic Development ◽  
Regional Economy ◽  
Historical Context ◽  
Scientific Discipline ◽  
State Regulation ◽  
The State ◽  
Economic Relations ◽  
Current Period ◽  
Socio Economic Development ◽  
Legislative Framework

The paper deals with the methodology and practice of the state regulation of the regional economy based on the legislative framework and works of Russian scientists in the historical context with account for the specifics of the current period of market transformation. The subject of research is organizational and economic relations, aimed at improving the management efficiency of regional socio-economic development. The purpose of research was to identify the key problems of the regional economy regulation preventing the balanced functioning of administrative-territorial entities and substantiate the need to boost measures of state support. Based on the dialectical cognition method and the system approach, the positions of leading scientists and scientific schools on topical issues of the regional economy as a scientific discipline were analyzed, which made it possible to identify the main reasons hampering socio-economic transformations and justify measures for running a more active regional policy. It is concluded that consistent improvement of methodological and organizational approaches creates prerequisites for improving the results of the socio-economic development at the regional level; however, in the current situation of the macroeconomic instability serious problems may arise to be resolved primarily by the state regulation.

Assessment of the influence of the spatial environment on the socio-economic development of the municipality

2019 ◽  
Vol 40 (3) ◽  
pp. 148-155
Author(s):  
K. N. Yusupov ◽  
V. M. Timiryanova, ◽  
Iu. S. Toktamysheva ◽  
A. F. Zimin,
Keyword(s):  
Economic Development ◽  
Socioeconomic Development ◽  
Statistical Data ◽  
Geographical Location ◽  
Integrated Approach ◽  
The State ◽  
Municipal District ◽  
Socio Economic Development ◽  
Spatial Environment ◽  
The Impact

The article presents a methodology for assessing the impact of spatial environment on the socioeconomic development of municipalities. It relies on existing tools for assessing the state and potential of the geographical location of municipalities. An integrated approach allows to determine the potential of the interaction of the municipality with the neighbors of the first and second order. The methodology was tested on statistical data on the Blagovarsky municipal district.

scholarly journals Sister Ship Binding Clause as a Reinforcement of Debt Repayment Legal Certainty on Ship Mortgage

Yuridika ◽  
2020 ◽  
Vol 35 (3) ◽  
pp. 501
Author(s):  
Fani Martiawan Kumara Putra
Keyword(s):  
Economic Development ◽  
The State ◽  
Business Activity ◽  
Legal Certainty ◽  
Marine Transportation ◽  
Significant Development ◽  
Legal Rules ◽  
Sister Ship ◽  
The Impact ◽  
National Borders

The field of marine transportation plays a role that is not less important than land transportation in terms of economic development in Indonesia. As a result of globalization, business activity continues to increase, whether it is business in the field of marine transportation or outside the field, it is certainly undeniable that the activity requires a very large funds, which funds can be obtained by one way is to apply for credit/loans. Large amount of loans will only be given with the imposition of collateral as a further process. The imposition of collateral for large amount of loans may designate the ship as its collateral object by utilizing the Mortgage security agency. However, when the ship is being vetted on a voyage across national borders, the impact is when its debts mature, then the execution of such ship will be difficult, caused by the inadequate legal rules in Indonesia, and not all countries ratify the ship’s arrest convention. This study aims to provide a solution in order to achieve legal certainty of Mortgaged object execution that being across national borders for a significant development of shipping business. This research is normative research. The result obtained is the need of a clause in the Mortgage security document concerning the binding of sister ship with equal value, as the collateral object backup, when the execution of ship loaded with Mortgage security is unable to be done since it is located outside the state border.

scholarly journals Efficiency Problems in the System of Key National Indicators

2012 ◽  
pp. 168-171
Author(s):  
E. A. Brendeleva
Keyword(s):  
Economic Development ◽  
Social Welfare ◽  
Development Strategy ◽  
The State ◽  
Institutional Characteristics ◽  
National Economies ◽  
The Way

The article talks about the key national indicators characterizing economic development, as well as the problems associated with the aims set in the framework of these indicators. The paper also looks at the possible changes in the existing system to asses the state of national economies and social welfare, as well as in the way institutional characteristics of a particular country are considered in this system, with the final aim of deciding on the states’ long term development strategy.

scholarly journals ENSURING THE ECONOMIC SECURITY OF THE STATE IN THE CONDITIONS OF THE PANDEMIC: THEORETICAL AND APPLIED THINKING

2021 ◽  
Author(s):  
Evgeniya Medvedkina ◽  
◽  
Tamara Ishchenko ◽  
Keyword(s):  
Economic Development ◽  
State Government ◽  
Russian Federation ◽  
Economic Security ◽  
The State ◽  
National Economic ◽  
Level Of Economic Development ◽  
The Face ◽  
The Russian Federation ◽  
National Economic Security

The problem of ensuring the economic security of the state is quite urgent. This study examines theoretical approaches to defining this definition, as well as the structural elements of the concept of economic security. The aim of the study is to identify the theoretical and methodological substantiation of the economic security of the state and the development of strategic directions for ensuring the economic security of the Russian Federation in the face of modern global challenges. The stages for assessing the level of economic security of the state are determined. Based on the existing methods for assessing the economic security of the state, a methodological approach to this assessment is proposed, taking into account the totality of macroindicators, industry, financial and social indicators. The calculation of the indicators of the economic security of the Russian Federation showed that the indicators do not go beyond the threshold values. The results of constructing an econometric model made it possible to determine the indicators of national economic security that have the most significant impact on the level of economic development of the state, as well as to identify internal and external threats to the Russian Federation. Thus, we can conclude that the economic security of the state can be represented as the state of protection of the national economy from external and internal threats, which ensures the progressive development of society, its economic and socio-political stability, despite the presence of unfavorable external and internal factors; ensuring national economic security and neutralizing all possible threats is the fundamental task of the state government. The level of economic development of the country as a whole and the quality of life of its citizens depend on the success and effectiveness of countermeasures.

scholarly journals Design as a Factor in the Development of a Country's Economy

2021 ◽  
Vol 12 (1) ◽  
pp. 82
Author(s):  
Gasimova Elfana Nasimi ◽  
Salehzadeh Gulchohra Saleh ◽  
Sugra Ingilab Humbatova
Keyword(s):  
Economic Development ◽  
Economic Condition ◽  
Modern Society ◽  
The State ◽  
Single System ◽  
Low Level ◽  
A Priority ◽  
The Impact

Economic development is a priority in the management of any state. The article attempts to consider the impact of design on the economic condition of the country. Additionally, the connection of the country's economy, the development of design and its support from the state is analyzed. Design as a factor in the development of the country's economy is a single system, which implies a whole thread of events. In modern society, in the conditions of the paramount importance of technology in the life of every person, more than ever, it becomes important to have things convenient and practical in use. Today, the design is a strategic tool, the correct use of which leads to success in business. The relevance of the study is caused by a very low level of research on the development aspect of the country's economy - design.

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