scholarly journals Regulatory mechanisms of the tax policy

2019 ◽  
Vol 34 (4) ◽  
pp. 18-25
Author(s):  
M. Ruban
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Tax Policy ◽  
Intangible Assets ◽  
Innovation Process ◽  
Large Degree ◽  
Regulatory Mechanisms ◽  
Total Output ◽  
The European Union ◽  
The Creation

In this article we justified the priority directions for the regulatory mechanism’s development, considering the importance to foster economic growth to increase the fiscal efficiency. We evaluated the level of taxation in Ukraine and the European Union. We found out that the tax structure has a significant impact on economic growth. Corporate tax is particularly harmful for economic growth, because affects the investment behavior of corporations that are making a significant contribution to total output. Taxes on labor have a greater negative effect on growth than the taxes on consumption because they are in progressive to a large degree, as well as they tax income from savings and investments. Our investigation showed that advanced economies more actively used the regulatory mechanisms of tax policy to stimulate new research and development, to increase investment in science-intensive production sectors. We propose the statements for introducing an investment tax credit on R&D, which is given at the initial stage of the innovation process and is calculated based on the amount of investment in the creation of qualified tangible and intangible assets, reducing the amount of actually accrued tax, which would stimulate capital investments in science-intensive sectors of the economy; an investment deduction of expenditures on R&D, which is calculated as a percentage from the sum of the actual or estimated costs for the creation, acquisition, or reconstruction of certain qualified types of tangible and intangible assets. In the survey a balanced approach to the tax policy in order to create financial conditions to counteract import expansion and to stimulate domestic export-oriented manufacturers is presented. Moreover, we proposed the tax incentives for the institutional motivational mechanism to stimulate economic development based on the innovative-investment approach, which would comply with the basic principles and guidelines of the advanced economic development.

THE IMPORTANCE OF INNOVATIVE ACTIVITIES AT THE MODERN STAGE OF ECONOMIC DEVELOPMENT ANNOTATION

2021 ◽  
Vol 4 (2) ◽  
pp. 79-86
Author(s):  
Obidkul Sattorkulov ◽  
◽  
Dilorom Mamadiyorova ◽  
Madina Obidzhonova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Innovation Process ◽  
Economic Structure ◽  
Innovation Activity ◽  
Social Image ◽  
Innovation Infrastructure ◽  
New Development ◽  
Development Prospects

This article presents the main ways in which innovation can have a positive impact on economic growth, welfare of the population, economic structure, social image of society and various sectors of the economy, innovation opportunities, their application and development prospects. Key words:innovation, novation, science, new development, innovation, innovation infrastructure, innovation activity, innovation process.

scholarly journals An Integral Cultural Space in Europe and New Challenges for its Economic Development

Ekonomika ◽  
2007 ◽  
Vol 78 ◽  
Author(s):  
Borisas Melnikas
Keyword(s):  
Economic Development ◽  
Social Development ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
The European Union ◽  
Equal Rights ◽  
Cultural Space ◽  
Cultural Policies ◽  
New Challenges ◽  
The Creation

The paper aims to evaluate the main features of the creation and development of an integral cultural space in Europe and the main problems of economic development in the context of the enlargement of the European Union and the transition processes in Central and Eastern Europe.The author has used the outcomes of the research done over the recent several years, dedicated to the diagnostics of the problems of transformations as well as economic and social development in Central and Eastern Europe with a special reference to the development of the integral cultural space and human rights in the context of economic development in the European Union.The major findings show that the creation and development of the integral cultural space in Europe is a very complex and controversial process, and in its course various problems and conflicts arise. Therefore, to encourage the creation of the integral cultural space in Europe, appropriate cultural policies are necessary to be implemented.These policies may embrace many priorities including- preservation of cultural diversity;- adaptation and dissemination of integrated European dimensions;- elimination of inappropriate factors within humanism and democracy of all European countries;- provision of equal rights for all groups of modern society.For implementation of key priorities of cultural policies, the use of a number of special pan-European programmes is suggested.The new non-traditional ideas of a possible economic and social development in Central and Eastern Europe are discussed.

The Legal Framework for Data and Consumer Protection in Europe

2009 ◽  
pp. 326-346
Author(s):  
Charles O’Mahony
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Consumer Protection ◽  
Data Protection ◽  
Legal Framework ◽  
The European Union ◽  
Legal Structures ◽  
The Creation ◽  
The Law ◽  
Legal Frameworks

This chapter will discuss the legal framework for consumer and data protection in Europe. Central to this discussion will be the law of the European Union (EU) on data and consumer protection.3 Recent years have seen the creation of legal frameworks in Europe which seek to secure the protection of consumers while simultaneously facilitating economic growth in the European Union. This chapter will outline the main sources of law which protect consumers and their privacy. This chapter will outline the important provisions in these sources of law and critically analyse them. The chapter will also point up the gaps and deficiencies in the consumer and data protection legal structures.

scholarly journals Why Ukraine and Russia Need Each Other

2016 ◽  
Vol 1 (2) ◽  
pp. 184-202
Author(s):  
Nicolai N. Petro
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Development ◽  
The Political ◽  
The European Union ◽  
The West ◽  
Economic Strategy ◽  
Political Costs

The West’s focus on corruption in Ukraine is largely misplaced. The main impediment to stability and economic growth is the government’s suicidal choice to cut the country off from its main investor – Russia. This article looks at the economic and political costs of pursuing such a policy, and concludes that there is no alternative to Russian investment. Given the political and economic constraint imposed upon the European Union, the West and Russia need to work together to develop a comprehensive economic strategy that can promote Ukraine’s economic development.

scholarly journals MARKETS AND INDUSTRY — VENTURE CAPITAL AND ECONOMIC GROWTH: AN INDUSTRY OVERVIEW AND SINGAPORE'S EXPERIENCE

2002 ◽  
Vol 47 (02) ◽  
pp. 243-267 ◽  
Author(s):  
FRANCIS C. C. KOH ◽  
WINSTON T. H. KOH
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic Development ◽  
Venture Capital ◽  
Silicon Valley ◽  
The United States ◽  
Economic Success ◽  
Technology Leader ◽  
Urgent Task ◽  
The Creation

This paper provides an overview of the venture capital industry and its development in Asia and Singapore. Venture capital plays an important role in innovation and economic growth. Indeed, the resurgence of the United States as a technology leader is intimately linked to the success of Silicon Valley. As Singapore enters the next phase of economic development, the creation of internal engines of growth is an urgent task. The Singapore government has done much to provide an environment for entrepreneurship to thrive. Its success at replicating the Silicon Valley culture will be important for Singapore's future economic success.

Research on the Development of Coal Logistics and its Economic Growth of Shanxi Province

2014 ◽  
Vol 912-914 ◽  
pp. 1723-1726
Author(s):  
Jia Guo
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Shanxi Province ◽  
Total Output ◽  
Analysis Model ◽  
Logistics System ◽  
Correlation Relationship ◽  
Logistics Industry ◽  
Correlation Degree ◽  
Grey Correlation Analysis

According to the data on total output value and load amount of coal per day of Shanxi province,this paper uses grey correlation analysis model to calculate the correlation degree of the development of coal logistics and economic growth of Shanxi province.The results show that the development of coal logistics and economic growth of Shanxi province have a positive correlation relationship and the coal logistics industry will promote the economic development of Shanxi province.Based on the results,the paper makes three suggestions.First,government should provide some preferential policies for coal logistics industry.Second,the modern coal logistics system should be established.Third,the economic development model of Shanxi province should be upgraded.

scholarly journals The human capital rationale behind the economic growth of the European Union countries: application of the advanced methods to enhance an efficiency of national human capital stocks

2019 ◽  
Vol 27 (1) ◽  
pp. 35-48
Author(s):  
Iuliia A. Stabinskaite
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Human Capital ◽  
Economic Development ◽  
Theoretical Models ◽  
The European Union ◽  
National Human ◽  
Dimensional Assessment ◽  
The Relationship ◽  
The Eu

Human capital is an important factor of economic growth, as has been underlined by recent theoretical models. The main goal of this article is to elucidate the relationship between human capital and dynamics of economic growth in the European Union (EU). For the purposes of this article human capital is defined as knowledge, skills as well as other individual factors which lead to higher productivity. Therefore, the greatest attention is focused on the multi-dimensional assessment of human capital in the processes of economic development of the European countries. A detailed evaluation of human capital in the EU is represented at interregional and international levels. Furthermore, author suggests a guidance for designing and planning strategies aimed at sustainable economic development by using the model predictive control algorithms.

On Some Factors of Economic Growth and Regional Development

2020 ◽  
Vol 144 ◽  
pp. 78-85
Author(s):  
Elena Yu. Sokolova ◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Regional Development ◽  
National Economy ◽  
Tax Policy ◽  
Federal Budget ◽  
Foreign Countries

For several years, there has been a considerable interest in the development of regions and their contribution to the national economy, both in Russia and in foreign countries. The regions are characterized by uneven economic development and the amount of taxes and fees going to the Federal budget. Moreover, in Russia, this unevenness in regional development is particularly strong, which is facilitated by tax policy that affects the reduction of regional tax independence and does not encourage the regions to develop their income base. The task of achieving a balance between donor and recipient regions, reducing the number of subsidized regions, and creating incentives to increase their incomes and economic growth is one of the most actual problems of Russian economic policy.

scholarly journals PAN – EUROPEAN TRANSPORT CORRIDORS IN THE POLICY OF THE EUROPEAN UNION

2021 ◽  
Vol 112 ◽  
pp. 51-62
Author(s):  
Mirosław CZECH
Keyword(s):  
European Union ◽  
Economic Development ◽  
Creative Process ◽  
Transport Policy ◽  
Transport Network ◽  
Transport Infrastructure ◽  
The European Union ◽  
Eu Policy ◽  
The Creation ◽  
Efficient Transport

The issue of organising efficient transport within Europe is one of the areas of a common policy of the European Union, shaped for over 30 years. Poland has been participating in this creative process since May 1, 2004. The intensity of the development of transport and the economy of individual countries that do not only belong to the Community but also have a significant impact on changes in the European Union's transport policy aimed at improving the course of pan-European transport corridors. In parallel with the creation of an effective European transport network, the rapid economic development of the regions belonging to the Union, including Poland, is becoming increasingly important. This article aims to discuss the issue of the development of the trans-European transport corridors, which also passes through the territory of Poland. In addition, this paper aims to present changes in EU policy concerning the shaping of transport infrastructure in Europe, following which a single transport network is to be created soon, meeting the communication and economic needs of the countries belonging to the Community.

scholarly journals Determinants of Management of Central Bank to Provide the Economic Growth: an Application of Structural Equation Modeling

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Larysa Sysoyeva ◽  
Inna Bielova ◽  
Luidmila Ryabushka ◽  
Oleksii Demikhov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Central Bank ◽  
Structural Equation ◽  
Equation Modeling ◽  
The European Union ◽  
Economic Expansion ◽  
Literary Sources ◽  
Term Basis

The country's domestic economic expansion is becoming increasingly important, especially in the context of the epidemic and financial crises, both within individual countries and the world. To provide this growth, it is relevant to the strategy of the central bank's activities for overcoming extern in the context of epidemical and internal threats with specific regulatory approaches and monetary instruments. The paper summarizes the arguments and counterarguments within the discussion of the question regarding the central bank's influence on the country's economic growth. The study's primary purpose is to determine the relationship between the indicators that characterize the central bank's activities and the country's economic development. The systematization of literary sources and approaches related to this issue confirms the mediated relationship between the activities of the central bank and the economic growth on a long-term basis. The relevance of this topic is closely connected with the changing role of the central bank and the expansion of its powers, tasks, responsibilities, and its place in the country's economy. This research's objective is the economies of the countries predominantly of the European Union, which has different levels of economic development. The structural modeling method is used in STATA 12.0 (based on data on 11 variables for the period of 1998-2016 for 24 countries). The results of the study confirm the correlation between the role of central banks and domestic economic expansion.

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