scholarly journals The Tax Regulation System in Transformational Economy

2021 ◽  
Vol 5 (520) ◽  
pp. 359-364
Author(s):  
V. V. Koroviy ◽  
Keyword(s):  
Tax Avoidance ◽  
Regulation System ◽  
Tax Burden ◽  
Eastern European ◽  
Research And Innovation ◽  
Innovation Activities ◽  
Eastern European Countries ◽  
The Cost ◽  
Sustainable Economic Growth ◽  
Tax Regulation

The article is aimed at substantiating the directions of development of the tax regulation system for the medium term, taking into account the peculiarities of the transformational economy. The article analyzes the tax burden in the countries of the sample of Central and Eastern Europe for the period 2006-2019. A higher level of tax burden than in Ukraine is recorded for Slovenia and Hungary. The rating and indicators of Central and Eastern European countries in the Paying Taxes 2020 rating are studied. The expediency and measures to improve Ukraine’s position in the above mentioned rating are substantiated, in particular in terms of reducing the time costs of paying taxes and filling in tax reports. The possibilities of increasing the effectiveness of the tax regulation system in terms of optimizing tax expenditures are estimated. For countries with a transformational economy, it is advisable to use a proportional scale of taxation, because its differentiation increases the cost of administration and creates additional opportunities for manipulation and tax avoidance by certain payers. The need for tax incentives for research and innovation activities in the context of transformational economy is substantiated. In order to ensure sustainable economic growth, directions for increasing the level of socio-economic development of territories and increasing the fiscal capacity of local budgets are proposed.

scholarly journals Patterns of Interrelationships between Inflation, R&D, Innovation, and Economic Growth: Evidence from Central and Eastern European Countries

2020 ◽  
Vol 22 (2) ◽  
pp. 5-33
Author(s):  
Ljubivoje Radonjić ◽  
◽  
Nevena Veselinović ◽  
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Primary Objective ◽  
Output Growth ◽  
European Countries ◽  
Eastern European ◽  
Innovation Activities ◽  
Private And Public ◽  
Eastern European Countries ◽  
The Impact

The primary objective of the article is to examine the nexus between inflation, R&D, patents, and economic growth within a group of Central and Eastern European countries (CEECs). The examination is conducted in two parts. First, the impact of total R&D expenditures on economic growth is observed, as well as the influence of growth on private and public R&D investments. Second, the conversion from private and public R&D investment to innovation, measured by the number of patents, is observed. Throughout the analysis, economic growth and inflation are representative of macroeconomic stability. The outcomes of the panel auto-regressive distributed lag estimation indicate that total R&D expenditures are essential and positively significant for economic growth in the observed countries. The results also show that output growth has a remarkably positive impact on generating private R&D expenditures. Such an influence is also found, but at a weaker level, in the case of public R&D expenditures. In this part of the analysis, inflation has demonstrated a harmful influence on R&D expenditures. The results of the second part indicate that public and private R&D expenditures, at a significant level, generate innovation activities, while the impact of inflation has proven to be unimportant.

scholarly journals An Empirical Investigation on Determinants of Sustainable Economic Growth. Lessons from Central and Eastern European Countries

2020 ◽  
Vol 13 (7) ◽  
pp. 146 ◽  
Author(s):  
Batrancea Ioan ◽  
Rathnaswamy Malar Mozi ◽  
Gaban Lucian ◽  
Fatacean Gheorghe ◽  
Tulai Horia ◽  
...  
Keyword(s):  
Economic Growth ◽  
Direct Investment ◽  
Time Frame ◽  
Valuable Insight ◽  
Eastern European ◽  
Domestic Capital ◽  
Domestic Savings ◽  
Macroeconomic Indicators ◽  
Eastern European Countries ◽  
Sustainable Economic Growth

The study focuses on the effects of imports, exports, financial direct investment inflow and financial direct investment outflow on sustainable economic growth expressed by various macroeconomic indicators (gross domestic product, gross domestic savings, gross domestic capital) using the least squares panel method. Sample data were selected for ten Central and Eastern European (CEE) countries and the time frame considered was 2005–2016. Generally, transitional economies have to incorporate strong savings and a steady capital formation in order to achieve higher economic growth via foreign direct investment. Results showed that the analyzed factors played a major role in the sustainable economic growth of CEE countries. Another important and valuable insight of this study is that the financial sector steers the process of achieving sustainable economic growth across CEE countries.

scholarly journals MARGINAL PRICES OF IMPROVEMENTS MADE TO BLOCKS OF FLATS: EMPIRICAL EVIDENCE FROM ROMANIA

2016 ◽  
Vol 20 (2) ◽  
pp. 156-171 ◽  
Author(s):  
Adela DEACONU ◽  
Dorina LAZAR ◽  
Anuta BUIGA ◽  
Gheorghe FATACEAN
Keyword(s):  
Housing Markets ◽  
Hedonic Pricing ◽  
Eastern European ◽  
Linear Regression Models ◽  
Model Framework ◽  
Marginal Prices ◽  
Eastern European Countries ◽  
Log Linear ◽  
The Cost

This paper examines a specific segment of the housing markets from Central and Eastern European countries, namely the stock of flats in the urban area. With focus on Romania, we emphasize the improvements made by owners and authorities, aimed to enhance the quality of life and the maintenance of old blocks of flats; are highlighted some aspects regarding the cost of these improvements. In addition, the empirical section investigates whether and to what extent the improvements made to the flats and buildings have a significant effect on sale prices and rental prices. The marginal prices of these attributes are provided by hedonic pricing models, estimated in a generalized linear model framework; gamma and log-linear regression models perform in a similar way in terms of fit and prediction accuracy. The physical condition of the building and finishing works inside the flats, as variables of interest in our models, have a significant effect on sale and rental prices, but with different intensity. A common set of significant attributes, in the hedonic models for both sale and rental price, is suggested.

scholarly journals THE ESTIMATION OF SECOND-ROUND EFFECTS OF GAS SUPPLY DISLOCATION FROM RUSSIA TO THE EASTERN EUROPEAN COUNTRIES THROUGH UKRAINE IN JANUARY 2009

2015 ◽  
pp. 68-73
Author(s):  
L. Debarberis ◽  
P. Zastera ◽  
H. Faas
Keyword(s):  
European Countries ◽  
Eastern European ◽  
Equilibrium Models ◽  
Infrastructure Investments ◽  
Eastern European Countries ◽  
The Cost ◽  
Gas Supply ◽  
New Infrastructure

As the January 2009 Ukraine-Russia gas dispute showed, gas disruption is not always accompanied by an increase in gas prices. In this case equilibrium models based on changes in prices do not offer a basis for the assessment of costs related to disruption. The main objective of this article is to estimate and compare macroeconomic costs of gas disruption as approximation of GDP not generated due to disruption in a transparent and consistent way. The estimation of the cost of past or potential future disruptions could be used as benchmark for necessary new infrastructure investments.

scholarly journals Can biotechnology contribute to the development of research and innovation smart specialization strategy (RIS3) in Central and East European countries? Reminiscences from the European Workshop

2018 ◽  
Vol 2 (2) ◽  
pp. 73-77
Author(s):  
Miroslav Ondrejovič ◽  
Stanislav Miertuš
Keyword(s):  
Regional Cooperation ◽  
European Countries ◽  
Eastern European ◽  
East European ◽  
European Workshop ◽  
Research And Innovation ◽  
Current State ◽  
Smart Specialization ◽  
Eastern European Countries

Abstract The paper presents main results and recommendations of the recent European Workshop dedicated to the evaluation of current state and prospects for Biotechnology with the attention to Central and European countries. The contribution of Biotechnology to the RIS3 strategy is also briefly presented. It is believed that there is still insufficient integration of research and innovation, especially in Central and Eastern European countries. Another problem is the weak interest and lack of mechanisms for the entry of potential investors into biotechnology capital–intensive areas. Series of proposals and recommendations coming from the Workshop on how to increase the regional cooperation in the field of Biotechnology is briefly described together with the potential role of international institutions (JRC-EC, CEI, ICGEB, EBTNA) in such cooperation.

scholarly journals EUROPEAN BANKING INTEGRATION: IS FOREIGN OWNERSHIP AFFECTING BANKING EFFICIENCY?

2014 ◽  
Vol 16 (2) ◽  
pp. 340-368 ◽  
Author(s):  
José Luis Gallizo ◽  
Jordi Moreno ◽  
Manuel Salvador
Keyword(s):  
European Integration ◽  
Cost Efficiency ◽  
Stochastic Frontier ◽  
Foreign Ownership ◽  
Eastern European ◽  
Bank Efficiency ◽  
Banking Efficiency ◽  
European Banking ◽  
Eastern European Countries ◽  
The Cost

The aim of this study is to analyze how European integration and, especially, changes in ownership, has affected banking efficiency in Central and Eastern European countries which have recently experimented this process more intensely. Using a stochastic frontier approach, applied to panel data, we have estimated bank efficiency levels in a sample of 189 banks from 12 countries during the period 2000 to 2008 and we have analyzed the influence of some bank characteristics on these efficiency levels. The results show that European integration has significantly improved the cost efficiency of banks in these countries, but profit efficiency has significantly decreased. We have found very small differences between different ownership types and only a very small impact of foreign ownership on cost efficiency, showing that the entry of foreign ownership is not enough to explain the significant variations in banking efficiency after the accession.

scholarly journals Challenges and Prospects of Applying the Paradigm of Sustainable Development to the Eastern Europe Economy

2021 ◽  
Vol 17 ◽  
pp. 929-940
Author(s):  
Tetiana Kulinich ◽  
Nataliа Yakimenko-Tereschenko ◽  
Alla Melnyk ◽  
Alla Vasina ◽  
Viktoriia Adamyk
Keyword(s):  
Sustainable Development ◽  
Eastern Europe ◽  
Sustainable Development Goals ◽  
European Countries ◽  
Eastern European ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Research And Innovation ◽  
Development Goals ◽  
Eastern European Countries

The paradigm of sustainable development for the economy of Eastern Europe needs detailed research challenges and prospects in Global Sustainable Development Goals implementation by 2030. The main section of the study shows the results determining the position of Eastern European countries on the levels of implementation of the sustainable development concept. The purpose of the study is to analyze existing one’s challenges and prospects of applying the paradigm of sustainable development to the economy of Eastern Europe, by evaluated using a synthetic indicator of development, SDG Index and Spillover Index, to obtain and promote the goals of sustainable development. Research methods: comparative analysis; statistical analysis; systematization, generalization. Over the analyzed period, the situation of all Eastern European countries has improved due to the gradual implementation of sustainable development goals. However, the current situation is not beneficial in Eastern European countries, but the some of them (for example Slovenia and Czech Republic) are very close to completing this status. During analyzed period, a reasonable situation was observed in Estonia, Hungary, Slovakia, Poland, Lithuania, Latvia and Croatia. Despite the significant progress Bulgaria and Romania continue to exist at a disadvantage. The most popular in Eastern Europe are financial resources to support small and medium-sized companies, research and innovation, and a low-carbon economy. As a result of the research, it was found that this analysis can provide further motivation and incentives for appropriate action by Eastern European countries to address existing calls. In Eastern Europe, sustainable development should be seen as a goal of development, no less important, namely to reduce contrasts in the quality of life of the population compared to Western European countries.

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