Peculiarities of Ukrainian regulatory policy regarding components of market economy as a factor of economic growth realization

2021 ◽  
Vol 9 (17) ◽  
pp. 219-232
Author(s):  
Hanna Lysenko ◽  
Keyword(s):  
Economic Growth ◽  
Market Economy ◽  
Regulatory Policy

Institution building and institutional voids

2016 ◽  
Vol 11 (1) ◽  
pp. 18-41 ◽  
Author(s):  
Sheila M. Puffer ◽  
Daniel J McCarthy ◽  
Alfred M Jaeger
Keyword(s):  
Economic Growth ◽  
Institutional Theory ◽  
Market Economy ◽  
Emerging Economies ◽  
Emerging Market ◽  
Institution Building ◽  
Institutional Voids ◽  
Formal Institutions ◽  
Content Type ◽  
Bric Countries

Purpose – The purpose of this paper is to present a comparative analysis of institutions and institutional voids in Russia, Brazil, and Poland over the decades of the 1980s through to 2015. The paper asserts that Russia and Brazil could learn much from Poland regarding formal institution building and formal institutional voids that cause problems like corruption and limit economic growth. Design/methodology/approach – A comparative case study approach is utilized to assess the relative success of the three emerging market countries in transitioning to a market economy, viewed through the lens of institutional theory. Findings – Poland’s experience in building successful formal institutions and mitigating major institutional voids can be instructive for Russia and Brazil which have shown far less success, and correspondingly less sustained economic growth. Research limitations/implications – This paper demonstrates the value of applying institutional theory to analyze the progress of emerging economies in transitioning to a market economy. Practical implications – This country comparison can prove valuable to other emerging economies seeking a successful transition to a market economy. Social implications – Since institutions are the fabric of any society, the emphasis on institutions in this paper can have positive implications for society in emerging markets. Originality/value – This paper is an original comparison of two BRIC countries with a smaller emerging economy, utilizing institutional theory. Factors contributing to Poland’s success are compared to Russia and Brazil to assess how those countries might be positively informed by Poland’s experience in building and strengthening sustainable formal institutions as well as avoiding institutional voids and their associated problems.

scholarly journals Government support of small businesses in the 2020 crisis conditions from the market approach viewpoint

2020 ◽  
Vol 208 ◽  
pp. 03037
Author(s):  
E.R. Zakirova ◽  
N. Yu. Lebedeva ◽  
N.V. Pogosyan
Keyword(s):  
Economic Growth ◽  
Small Business ◽  
Market Economy ◽  
State Policy ◽  
Small Businesses ◽  
Business Development ◽  
Government Support ◽  
Current State ◽  
Market Approach ◽  
Crisis Conditions

The paper offers a situational overview of small business as a driver of economic growth in Russia during the 2020 crisis and the main aspects of current state policy on market-based support of that sector. The analysis also highlights major barriers that have arisen lately impeding the efficiency of governmental efforts to support small business. However, new aspects stimulating business development in market economy emerge together with the obstacles.

scholarly journals China and the United States

2021 ◽  
pp. 257-283
Author(s):  
Roy van der Weide ◽  
Ambar Narayan
Keyword(s):  
United States ◽  
Economic Growth ◽  
Market Economy ◽  
The United States ◽  
International Standards ◽  
Human Potential ◽  
Socioeconomic Mobility ◽  
Economic Output ◽  
Rapid Economic Growth ◽  
The Us

The United States and China are the world’s largest economies. Together they are responsible for about one-third of the world’s economic output. This chapter aims to examine whether the two economic giants are also lands of opportunity where resources are allocated in a way that minimizes unrealized human potential. Our analysis shows that despite stark differences in their levels of development, the US and China report remarkably similar levels of socioeconomic mobility—levels considered low by international standards. The US’s level of mobility has historically been low. Before it embarked on its transition from planned to market economy, socioeconomic mobility was relatively high in China. However, as it underwent a period of rapid economic growth, China’s socioeconomic mobility declined significantly. The chapter concludes that the world’s two major economic powers have converged to a low level of socioeconomic mobility where talent from disadvantaged backgrounds is excluded.

scholarly journals Price stability - major macroeconomic objective

2021 ◽  
pp. 72-75
Author(s):  
Grigore Duhlicher ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Market Economy ◽  
Basic Element ◽  
Price Stability ◽  
Major Objective ◽  
Economic Framework ◽  
Market Economy System ◽  
Governance Process ◽  
Economy System

Price is a basic element of the market economy system and has become a leading economic category, due to its functions within it. Ensuring price stability is a major objective of the governance process, as it contributes to creating a relatively stable economic framework that allows for economic development and ensuring a sustained level of economic growth. The global economic crises, in parallel with the regional political instability, aggravated by the devastating consequences of the pandemic situation, emphasize once again the importance of the dynamics of price developments on the macroeconomic situations of contemporary states.

scholarly journals Russian Financial Market: Is there Potential for Stimulating Economic Growth?

Vestnik NSUEM ◽  
2020 ◽  
pp. 86-104
Author(s):  
A. V. Novikov ◽  
I. Ya. Novikova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Market Economy ◽  
Financial Market ◽  
Market Segmentation ◽  
Point Of View ◽  
Gdp Growth ◽  
Investment Incentives ◽  
Russian Economy ◽  
Instrumental Approaches

Russia has passed the path of forming a market economy, which was accompanied by a multidirectional dynamics of GDP growth rates. The article considers the financial market as a factor of stimulating economic growth. Four stages of development of the market economy of Russia are justified. Starting from 2020, the fifth stage of economic growth based on the development of innovative technologies, digitalization of the economy. The features of these stages are analyzed from the point of view of investment incentives for development. Institutional and instrumental approaches to financial market segmentation are highlighted, and the features of implementing these approaches at each stage of the Russian economy development are considered. The formation of the financial market considered from the standpoint of the analysis of indicators, revealing the state of the financial markets: depth, access, stability and efficiency of the financial market. Measures for the development of the financial market are proposed.

Taiwan's Economy: Slower than Expected

2014 ◽  
Vol 06 (01) ◽  
pp. 81-93
Author(s):  
Min-hua CHIANG
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Market Economy ◽  
Free Market ◽  
Free Market Economy ◽  
Fiscal Deficits ◽  
External Demand

Taiwan's economy continued to struggle in 2013 with 1.7% growth rate. Besides the soft external demand, Taiwan's stagnant economy today is a reflection of its persistent inability to upgrade its industry aggravated by the government's fiscal deficits which restrain its capability in providing an immediate solution to the ailing economy. A free market economy is so far the only way to sustain economic growth in an era of globalisation.

Participación ciudadana y normas europeas: un potencial por explotar.

2020 ◽  
pp. 107-145
Author(s):  
María Jesús GARCÍA GARCÍA
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Participatory Democracy ◽  
Early Stage ◽  
Regulatory Policy ◽  
The European Union ◽  
Regulatory Approach ◽  
Smart Regulation ◽  
The Government ◽  
National Economies

LABURPENA: Legegintza-egintzen prestaketa arrazionalizatzearen alde egiten duen arautze-politikaren testuinguruan kokatu behar da Europako arauak demokratikoki legitimatzeko herritarrek izango duten parte-hartzea, kontua ez baita lege gehiago egitea, hobeto egitea baizik. Hain zuzen ere, herritarrek arau-ekoizpeneko prozesuetan parte hartzea da “bigarren belaunaldiko erregulazio” horren elementuetako bat. Izan ere, erregulazio horren bidez sortuko diren arauak aldez aurretik planifikatuta egongo dira, eraginkorrak eta efikazak izango dira Europako arauketa behar duten gaietan eragingo dutelako, proiektatzen diren sektorean izango dituzten ondorioak aurreratzen saiatuko dira, eta, indarrean dauden bitartean, etengabe ebaluatuko dira, hobetu daitezkeen edo zaharkituak edo garestiegiak izan daitezkeen edukiak hautemateko. “Legeria adimenduna” deritzona da emaitza, hau da, demokrazia parte-hartzailearen mekanismoak erabiltzen dituena eta bere behar eta helburuetara egokitzen dituena, arauak egiteko prozeduretan integratuz. Lan honetan, mekanismo horiek aztertzen dira, haien eraginkortasun praktikoa eta ordenamendu juridikoan duten eragina baloratzen da, eta agerian uzten dira mekanismo horien eraginkortasun osoa eragozten eta zailtzen duten arazoak eta gabeziak, edo mekanismo horiek sortu zireneko helburu nagusitik aldentzen dituztenak. Horrez gain, lan honetan, mekanismo horien tratamendu juridikoa birformulatzeko proposamenak egiten dira, haien jatorrizko helburura egokitzeko. ABSTRACT: Citizens collaborate with the government in the lawmaking process at an early stage and throughout the life of a legislative act by means of periodic consultations and citizens´ initiatives. This paper focuses on consultation and citizens´ initiatives as the principal mechanisms for participatory democracy in the context of smart regulation lawmaking in the European Union. A regulatory policy based on smart regulation takes the view that legislation and regulations serve the economy and, therefore, legal acts must aim to create conditions capable of boosting national economies and economic growth. Such a regulatory policy is informed by a set of principles which includes transparency, cooperation, accountability, efficiency, effectiveness, participation and openness, and is applicable to both regulatory institutions and regulations. This regulatory approach takes the view that regulations are of better quality when they have been influenced by citizens, and smart regulation results in participatory democracy. RESUMEN: El recurso a la participación ciudadana para legitimar democráticamente las normas europeas ha de situarse en el contexto de una política regulatoria que aboga por racionalizar la elaboración de actos legislativos, considerando que no se trata de legislar más, sino mejor. Precisamente, la participación de los ciudadanos en los procesos de producción normativa es uno de los elementos que caracterizan esta “regulación de segunda generación”, dirigida a la producción de normas cuya aprobación ha sido planificada de antemano, que pretenden ser efectivas y eficaces al incidir sobre cuestiones que realmente necesitan de una regulación europea, que tratan de anticipar sus efectos sobre el sector sobre el que se proyectan, y que están sometidas a un continuo proceso de evaluación durante su vigencia para detectar aquellos contendidos que pueden ser mejorados o que han devenido obsoletos o excesivamente gravosos. El resultado es la llamada “legislación inteligente”, que hace uso de los mecanismos de la democracia participativa y los remodela y adapta a sus necesidades y objetivos, integrándolos en los procedimientos de elaboración de normas. En este trabajo se analizan los citados mecanismos, se valora su eficacia práctica y su repercusión en el ordenamiento jurídico, poniendo de manifiesto los problemas y carencias que impiden y dificultan su completa efectividad o los distraen del objetivo principal para el que fueron concebidos, al tiempo que se realizan propuestas dirigidas a reformular su tratamiento jurídico para adecuarlos a su finalidad primigenia.

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