scholarly journals The Economic Policy of European Union (by Case of center and Periphery countries)

2018 ◽  
Vol 82 (3) ◽  
pp. 59-65
Author(s):  
V. V. Ryeznikov ◽  
V. S. Kupina
Keyword(s):  
Economic Policy ◽  
Financial Stability ◽  
Regional Distribution ◽  
Convergence Criteria ◽  
Policy Reforms ◽  
Negative Effects ◽  
Priority Areas ◽  
Eu Countries ◽  
The Impact ◽  
The Eu

Building of the new economic strategy for Ukraine, focused on Eurointegration, makes one consider for both positive and possible negative effects of the European Union’s development for Ukraine. The Ukrainian economy is forced to implement reforms of the internal and external economic component by relying on EU practices in integration reforms. The importance of this topic is caused by the need to investigate the impact of the single economic course pursued by EU on setting priority areas of reforms of domestic economic policies in center and periphery countries of this integration association. The article’s objective is to reveal the content of the socio-economic policy in EU and its impact on the EU operation in terms of the relationship between the performance of center and periphery countries. The studies presented in the articles show that the economic integration has complex character and calls for detailed analysis of internal and external processes in countries as components of the system at macroeconomic level of the integration association. Based on the analysis of the above mentioned regional distribution of EU, the following EU countries (most successful and most problematic) were selected as representative ones for the study: Germany and France as “center”, and Greece and Hungary as “periphery”. A socio-economic analysis of key indicators is made, and the role of each of the above countries in the EU development is revealed. A comparative analysis of the selected EU countries is made through trend analysis; their development outlook is given.       The achievement of the goals of the single EU strategy is analyzed by priority areas of economic policy reforms in the member countries, intended to stabilize their economies: i) recover the fiscal stability; ii) ensure the financial stability; iii) implement the reforms promoting growth and employment; and iv) modernize the public sector. The analysis confirms the prospect of strong economic positions for center countries, which is shown by the approximation ratio that was close to 1 in all the studied cases. Due to the problems of periphery countries, highlighted in the article, these countries may be incapable to meet the convergence criteria fixed in the EU strategy or pursue the single economic course, thus creating a threat of economic crisis for the whole EU.

scholarly journals The Impact of the Implementation of Cohesion Policy on the Sustainable Development of EU Countries

2019 ◽  
Vol 11 (15) ◽  
pp. 4173 ◽  
Author(s):  
Ramona Pîrvu ◽  
Cristian Drăgan ◽  
Gheorghe Axinte ◽  
Sorin Dinulescu ◽  
Mihaela Lupăncescu ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Cohesion Policy ◽  
Member States ◽  
Policy Makers ◽  
The Sustainable Development ◽  
Eu Countries ◽  
Starting Point ◽  
The Impact ◽  
Official Data ◽  
The Eu

The impact of implementation of cohesion policy on the sustainable development of EU countries is of great interest and presents a number of actual challenges. This research aims to evaluate the impact and the effects of the cohesion policy among the Member States using hierarchical clustering analysis in order to identify how the selected variables affect the sustainable development adopted models. The variables used in the analysis were selected on the basis of official data provided by the European Commission, SDG Index and Dashboards Reports and the EU Cohesion Monitor. The results of the research have led to the grouping of the 28 Member States in a number of six clusters, identifying performers but also those countries that have a high potential for sustainable development or which require increased attention to be sustained in recovering existing gaps. The results of the study can be a starting point for policy makers and other stakeholders involved in their efforts to support sustainable development through effective and effective policies.

FINANCIAL SUPPORT (NOT TAX) OF THE ECONOMY IN THE EU COUNTRIES DUE TO THE PANDEMIC

2021 ◽  
Vol 3 (11) ◽  
pp. 251-257
Author(s):  
Anzhelika L. Gendon ◽  
◽  
Galina F. Golubeva ◽  
Keyword(s):  
European Union ◽  
Economic Policy ◽  
Labor Market ◽  
Financial Support ◽  
The European Union ◽  
Eu Countries ◽  
Euro Pean ◽  
Political Decisions ◽  
Positive Factor ◽  
The Eu

The article examines the financial support (not tax) of the economy in the EU countries due to the pandemic. A comprehensive vision of the situation and strategic planning are the foundation of the Euro-pean Union's economic policy. These qualities help to develop comprehensive measures to stabilize the labor market and entrepreneurship in the countries of the European Union in the context of a global emergency. A positive factor is also the fact that in an epidemic situation, political decisions of various states are aimed at introducing socially oriented measures that support their citizens.

scholarly journals Assessment of the Impact of EU Sanctions on Budget Revenues of Russia in the Context of New Industrialization in Terms of National Dimension

2021 ◽  
Vol 93 ◽  
pp. 02003
Author(s):  
Andrey Anisimov ◽  
Oksana Kolotkina ◽  
Inara Yagofarova
Keyword(s):  
Russian Federation ◽  
Factor Model ◽  
Eu Countries ◽  
Tax Revenues ◽  
Russian State ◽  
The Russian Federation ◽  
Tax Payments ◽  
The Impact ◽  
New Industrialization ◽  
The Eu

The article examines topical issues that assess the impact of EU sanctions on the volume of tax revenues of the consolidated budget of Russia. The main purpose of this study is an attempt to develop a factor model that allows assessing the sanctions impact on the specified tax revenues, describing and analyzing the factors that directly or indirectly affect the formation of the consolidated budget revenues of the Russian Federation, identifying the corresponding relationships during the period of new industrialization. A separate stage of the presented study is associated with the development of the above model, which evaluates the sanctions effect on the composition of tax revenues of the consolidated budget of the Russian Federation and verification of the adequacy of this model. The authors' own research made it possible to develop a conceptual factor model that assesses the impact of the sanctions effect of the EU countries on the composition and volume of tax revenues of the consolidated budget of the Russian Federation, the use of which makes it possible to analyze the proceeds from the tax payments that have come under the influence of the sanctions. The model presented by the authors makes it possible to fundamentally assess the real impact of the applied sanctions on tax revenues of the consolidated budget of the Russian Federation, to develop appropriate directions in the development of the country during the period of the new industrialization of the Russian state.

scholarly journals THE INFLUENCE OF EUROPEAN INTEGRATION ON THE DEVELOPMENT OF ECOLOGICAL BUSINESS IN UKRAINE

2017 ◽  
pp. 100-104
Author(s):  
Iryna Skorokhod ◽  
Lyudmyla Hrynchuk
Keyword(s):  
European Integration ◽  
Systematic Approach ◽  
The State ◽  
Eu Countries ◽  
Goods And Services ◽  
The Status ◽  
Factors Of Influence ◽  
The Impact ◽  
Further Development ◽  
The Eu

Introduction. The article deals the impact of European integration on the development of ecological business in Ukraine. The Association of Ukraine and the EU implies adaptation and reforms not only in economy, but also in others areas, including ecology. The factors of influence and their consequences on the development of environmental business in the state are investigated. The main obstacles for using the experience of the EU countries are highlighted. Prospects of further using of "green enterprise" methods in Ukraine are considered. Purpose. The aim of the article is to reveal the essence, forms, stages of formation and innovative forms of the ecological business; to analyze the experience of ecological business and its regulation in the EU countries; to characterize the status and the impact of European integration on ecological business in Ukraine. Method (methodology). Methods of analogy and comparison are used in the study of problematic aspects of Ukraine and the EU in the field of ecology. Statistical methods are used for analyzing the dynamics of indicators of the development of ecological business in the state. Systematic approach is used for explaining strategic guidelines and identifying further promising ways for the development of ecological business in Ukraine. Results. The main aspects of cooperation between Ukraine and the EU have been analyzed. The main directions of further development of common cooperation have been singled out. The proposals of improving the position of Ukrainian eco-goods and services on the European market have been substantiated.

scholarly journals Impact of COVID-19 on European migration processes

2020 ◽  
Vol - (4) ◽  
pp. 18-27
Author(s):  
Yu. G. Motalov ◽  
Keyword(s):  
Systematic Approach ◽  
Social Protection ◽  
Cultural Practices ◽  
Ethnic Composition ◽  
Migration Strategy ◽  
Eu Countries ◽  
Border Controls ◽  
The Impact ◽  
European Migration ◽  
The Eu

The article analyzes the consequences of the introduction of border controls and the closure of the external EU border and some internal borders of the EU countries, in connection with the COVID-19 pandemic. The article provides data on the impact of the decisions made on the development of migration processes in the EU countries during the pandemic. Analyzing the new EU migration strategy, the author points out its lofty goals, material and financial support for social protection of migrants, but at the same time, rightly notes that the national peculiarities of the Вестник государственного университета «Дубна». Серия «Науки о человеке и обществе»No4`202027development of countries of receiving migrants are forgotten, the ethnic composition of the states is not taken into account and, most importantly, it pushed into the background socio-historical and cultural practices, the mentality of the state-forming peoples. The absence in the proposed concept of a systematic approach to the development of social practices for the integration of migrants into the host European society indicates that the influence of migrants on the development of the EU countries is underestimated.

scholarly journals The impact of health care financing on the economic growth: EU countries analysis

2020 ◽  
Vol 1 (2) ◽  
pp. 24-32
Author(s):  
Anastasiia Samoilikova ◽  
Rosen Kunev
Keyword(s):  
Economic Growth ◽  
Health Care ◽  
Software Package ◽  
Positive Impact ◽  
Statistical Significance ◽  
Health Care Financing ◽  
Eu Countries ◽  
Per Capita ◽  
The Impact ◽  
The Eu

This article generalized modern tendencies and actual peculiarities of health care financing. The key aim of the research is to investigate the dynamics of health care financing as a factor of economic growth based on EU countries analysis. Systematization information sources connected with health care financing and its structure indicate that the EU countries analysis of dynamics of health care financing and its impact on economic growth was conducted fragmentary. This issue is still actual both for scholars and policymakers, especially for Ukraine, based on European trends. Investigation in the article is made according to the following stages: 1) introduction and relevance grounding; 2) literary review and identifying the necessity of research in this scientific area; 3) describing methodology, research methods, and current hypothesis; 4) characteristic of research results and confirming the hypothesis of the positive impact of the health care financing on economic growth; 5) making conclusions. Methodological tools of the research methods were structural and comparative analysis, logical generalization, and scientific abstraction. The methods of cross-country statistical and analytical analysis using the Excel 2010 software package for the sample from 14 EU countries for 2009-2018 (limited number of countries and limited data in 2018 relate to the data availability on open website of the EU statistical office) were applied to analyse the structure of health care financing, in particular financing schemes, main providers, and health care functions. The top countries in health care financing were identified. The methods of empirical analysis using the STATA software package for this data sample were used to confirm the hypothesis about the positive impact of the health care financing on economic growth – the GDP per capita. The nature of the analysed indices distribution was estimated based on results of Shapiro-Wilk test. So, Pearson or Spearman correlation coefficient was chosen. The statistical significance and strength of the relationship between the indicators of total expenditure for health care, and in particular government financing and compulsory contributory health care financing, voluntary health care financing, and household out-of-pocket payment for health care and the change of GDP per capita were assessed through a correlation analysis. The time lags of achievement the most statistical significance by this relationship was also identified. The results of the research show that the impact of health care financing on the change of economic growth is very high in 12 from 14 investigated EU countries (with lags of 1–3 years) and high in 2 from 14 countries (with a lag of 1 year). The character of this relationship for the most countries (9 from 14 countries) is direct (positive), and for 5 countries it is inverse (negative). The results of the research will be useful during future fundamental and practical research connected with health care financing and its modelling, for scholars and government officials to reform the health care system and its financial mechanism.

scholarly journals The Impact of Russia’s Import Embargo on the EU Countries’ Exports

Economies ◽  
2020 ◽  
Vol 8 (3) ◽  
pp. 62 ◽  
Author(s):  
Viktorija Skvarciany ◽  
Daiva Jurevičienė ◽  
Silvija Vidžiūnaitė
Keyword(s):  
International Trade ◽  
Economic Impact ◽  
Indirect Effects ◽  
Limited Data ◽  
Food Sector ◽  
Eu Countries ◽  
Political Events ◽  
Political Unrest ◽  
The Impact ◽  
The Eu

Political unrest inevitably has consequences for a national economy. International trade in a globalised world has great importance for countries. Unfortunately, due to various political events, countries apply some restrictions to each other. In 2014, Western countries imposed sanctions on trade with Russia, due to the annexation of Crimea. As a response, Russia announced an embargo on importing of some goods from European and North American countries, as well as Australia. The current study investigates the economic impact on EU countries due to the mentioned embargo. The EU countries were grouped according to the average for 1998–2018 exports of products to Russia using a cluster analysis. After the clustering, the gravity model was employed to develop the equations representing the international trade between each cluster and Russia. Although Russia declared an embargo on countries associated with the same group of goods, the economic impact on their economies was different. This study has a couple of limitations. The research reflects only the impact of the embargo on exports regardless of some possible indirect effects; the study assesses the export of all sectors due to limited data; and because the restrictions are applied only to the food sector, the research shows only relative changes in exports.

scholarly journals The Impact of Banking Sector Competition on Banks’ Risk-Taking in Transition Economies of Central and South-Eastern Europe

2018 ◽  
Vol 13 (1) ◽  
pp. 31-42
Author(s):  
Arben Mustafa ◽  
Valentin Toçi
Keyword(s):  
Eastern Europe ◽  
Risk Taking ◽  
Fixed Effects ◽  
Banking Sector ◽  
Negative Impact ◽  
Eu Countries ◽  
South Eastern ◽  
South Eastern Europe ◽  
The Impact ◽  
The Eu

Abstract This paper uses the Panzar-Rosse H-statistic to provide empirical evidence on the impact of competitive behaviour of banks on risk-taking, using the Fixed Effects Vector Decomposition Method on panel data of banks in 15 Central and South-Eastern Europe countries during the period 1999-2009. The findings suggest that banking sector competition has had a negative impact on banks’ risk-taking implying that competition contributed to the improvement of the loan-portfolio quality. However, the results differ significantly when distinguishing between the EU and non-EU countries of the CESEE region. While for the EU countries the relationship between banking sector competition and risk-taking remains negative, this relationship is positive for the non-EU countries of the region, suggesting that an increase of competition in the non-EU countries may be detrimental for the stability of the banking sector in these countries. These results are robust to different model specifications and measures of competition

scholarly journals The Impact of Economic Policy Reforms on Labour and the Nigerian Civil Society: A Stakeholders’ Dialectics

2019 ◽  
Vol 7 (9) ◽  
pp. 27-44
Author(s):  
Sola Fajana
Keyword(s):  
Economic Policy ◽  
Civil Society ◽  
High Volume ◽  
Economic Reforms ◽  
Policy Reforms ◽  
Sense Of Ownership ◽  
The People ◽  
Future Policy ◽  
The Impact

The objective of this paper is to examine the impact of current reforms on labour and the civil society in Nigeria. The targeted outcome of the reforms essentially is to reduce poverty and generally improve the lot of the people. It is therefore significant to examine the extent to which the reforms are affecting, positively or negatively, the Nigerian people. This paper therefore provides an overview of the extent to which stakeholders in the Nigerian project are variously affected by current economic reforms, their reactions and the ways in which future policy reforms should be approached. The paper relies on reviews of archival materials and focal interviews of relevant groups to provide insightful information. It was found that reactions have been largely impulsive, lacking coherent future follow-through actions to consolidate initial gains. It is now learnt from lessons of experience that reforms must be appropriate, timely but not impulsive, and well-articulated to achieve the targeted results. It is recommended that policy reforms should be jointly initiated, considered and driven by all constituents to the Nigerian project, to achieve a sense of ownership and high volume commitment.

scholarly journals MACROECONOMIC ANALYSIS OF THE EFFECTIVENESS OF TAX ECONOMIC REFORMS IN EU COUNTRIES

2019 ◽  
pp. 36-45
Author(s):  
I. Marekha ◽  
V. Myrhorodska
Keyword(s):  
European Union ◽  
Correlation Analysis ◽  
Environmental Taxes ◽  
Environmental Tax ◽  
The European Union ◽  
Macroeconomic Factors ◽  
Eu Countries ◽  
European Union Countries ◽  
The Impact ◽  
The Eu

The article substantiates the necessity to introduce systematic and effective tax eco-reforms in the context of resource-oriented economic development by the European Union countries. The performance and effectiveness of the reforms are estimated in relation to the main four groups of environmental taxes: energy taxes, pollution taxes, resource taxes and transport taxes. The macroecological policy of the European Union countries is the object of the undertaken analysis. The article examines the impact of macroeconomic factors on environmental taxes across the EU, using a correlation analysis toolkit. Four groups of macroeconomic parameters were selected for analysis: internal macroeconomic factors (nominal GDP, real GDP, inflation, business cycle stage, budget deficit, energy consumption level); external macroeconomic factors (government debt, exports, foreign direct investments); institutional macroparameters (environmental culture, shadow economy, trust in government) and fiscal macroparameters (tax culture and fiscal freedom). The economic interpretation of the obtained correlates is given. Based on the correlation analysis, stimulators and de-stimulators of tax environmental reforms across the EU were identified. It is established that the factors that positively influence on the tax environmental reforms are the overwhelming majority of the analyzed factors. The formation of indicators of the effectiveness of tax environmental reforms is undertaken for six countries of the Community. In particular, the analysis covers three economic leaders (Germany, the United Kingdom and France) and three leading EU countries in the field of environmental tax collection (Latvia, Greece and Slovenia). The article presents approaches to improving the assessment of the effectiveness of tax environmental reforms based on the consideration of fiscal (budget-filling) and reproductive (multiplicative) functions of environmental taxes. In this regard, the environmental tax multiplier and accelerator, as well as the GDP elasticity coefficient for environmental taxes, were calculated for the analyzed group of countries. The criteria of economic efficiency of tax eco-reforms are proposed. Keywords: environmental taxes, macroeconomic effect, macro-environmental policy, multiplier, accelerator, elasticity

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