scholarly journals ANALYSIS OF FISCAL POLICY AND MACROECONOMIC SITUATION IN UKRAINE IN THE CONDITIONS OF CROWN CRISIS

2021 ◽  
pp. 102-111
Author(s):  
Taras MARSHALOK
Keyword(s):  
Fiscal Policy ◽  
Negative Impact ◽  
Global Dimension ◽  
Economic Relations ◽  
State Institutions ◽  
The World ◽  
Macroeconomic Indicators ◽  
Significant Negative Impact ◽  
Economic Imbalances ◽  
Almost All

Introduction. The spread of coronavirus infection has caused significant economic and social problems in the global dimension. The world economy suffered significant losses during 2020 and, according to analysts, will shrink by about 4.9% compared to 2019. Coronavirus disease has caused the most damage to the tourism, hotel and restaurant, transport sectors of the economy in almost all countries of the world, the virus has a significant impact on business activity and welfare of citizens. Given that Ukraine is a subject of world economic relations, the corona crisis has a significant negative impact on the economy of our country, causing significant imbalances in public finances, the budget crisis, leading to rising unemployment, reduced welfare. However, the corona crisis is only an indicator that has shown the true institutional capacity of public administration in Ukraine. The purpose of the article is to diagnose the fiscal policy of Ukraine, identify its strengths and weaknesses and develop effective mechanisms to overcome financial and economic imbalances caused by the “corona crisis”. Results. The article analyzes the main macroeconomic trends in Ukraine, as well as, based on forecast indicators, assesses the prospects for economic and social development in Ukraine. It was found that the domestic economy is in a significant recession and despite the projected growth of macroeconomic indicators in 2021, the economy will still be in crisis. Significant fiscal imbalances in Ukraine have been identified, it has been stated that compared to 2018–2019, the budget in Ukraine is unbalanced, and its deficit is threatening to the country's economy. From the beginning of 2020, the country's debt burden is growing and by the end of the year, its value will reach indicators that are higher than the critical values provided by the Budget Code of Ukraine. It was noted that in order to overcome the crisis, it is necessary to change the priorities in the direction of education and science development; assistance to small and medium business; to ensure transparency in the activities of state institutions; to reform the judiciary; start a real fight against corruption.

scholarly journals Macroeconomic Characteristics of Tourism Economy in the Republic of Tunisia

REGIONOLOGY ◽  
2019 ◽  
pp. 224-245
Author(s):  
Marina A. Zhulina ◽  
Vyacheslav M. Kitsis ◽  
Svetlana V. Saraykina
Keyword(s):  
Negative Impact ◽  
Comparative Method ◽  
International Tourism ◽  
The Political ◽  
Factors Affecting ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Republic ◽  
Tourism Economy ◽  
The Impact

Introduction. Tourism is a dynamic, constantly developing sector of the economy. Tourism economy develops along with the society, recreation and tourism. The purpose of the article is to show the features of the impact of tourism on the national economy using the case of Tunisia. The experience of Tunisia is especially useful for the countries where beach recreation has developed and where the political situation has remained difficult for a long time (Egypt, Turkey, Thailand, etc.). Materials and Methods. The article is based on the statistical data provided by the World Tourism Organization, the World Data Atlas and open Internet sources. The study employed general scientific methods (analysis, synthesis, synthesis, comparison, etc.) and special ones (the methods of mathematical statistics, the graphical method, the comparative method, etc.). Results. For the first time, the article has provided a fairly complete description of the macroeconomic indicators characterizing the level of development of international tourism in Tunisia. The article has analyzed the dynamics of inbound and outbound tourism, discussed the factors affecting the volume of international tourism, considered international tourism expenditures and revenues, which to a large extent have a positive or negative impact on the country’s balance of payments. The trends in the development of international tourism in Tunisia have been revealed and the problems facing the industry have been identified. Discussion and Conclusion. The research has revealed that tourism economy largely depends on the political and economic processes taking place in the country. The current level of macroeconomic indicators of tourism economy in Tunisia lags behind the 2008–2009 figures. The results of the study made it possible to assess the current state of international tourism and make a number of suggestions aimed at increasing the level of development of international tourism in the country. The results of the study can contribute to the development of a program aimed to boost tourism economy in Tunisia, one of the key tasks of which should be that of increasing performance at the macro-level.

scholarly journals WORLD ADVERTISING MARKET: MAIN DEVELOPMENT TRENDS

2021 ◽  
Author(s):  
Larysa Chernyshova
Keyword(s):  
Digital Technologies ◽  
World Market ◽  
Target Market ◽  
Outdoor Advertising ◽  
Economic Relations ◽  
International Advertising ◽  
The World ◽  
Almost All ◽  
Integrated Or ◽  
Advertising Activity

The article defines international advertising as a process of communication and sales organization in foreign markets. The reasons for the intensive development of modern international advertising, including increased production and globalization of markets, reduced costs for packaging and labeling caused by standard approaches, the emergence of a global consumer segment, interpenetration of different cultures, introduction of common cultural standards, accelerated development of global media. The characteristics of evolutionary models of the advertising market are given. The advertising market is defined as a target market of marketing communications, which develops independently, with a system of economic relations between the participants of advertising activity and target consumers and functions in constant connection with the tendencies of the commodity market. It was found that the advertising market is developing in almost all directions, and new types of advertising (Internet, online technology) are characterized by a sharp rise in advertising, which led to the creation of a new type of advertising market - integrated or global advertising space. The modern tendencies of development of the world advertising market are analyzed, the structure of expenses for advertising all over the world is resulted. The strategic directions of development of advertising activity of the leading advertisers in the world market are analyzed. The influence of digital technologies, which continue to stimulate global growth of investment in advertising and transform traditional mass media, is substantiated. Promising directions of development of the main segments of the world advertising market are outlined, among them increase of expenses for digital advertising in the world, growth of a role of social networks and online video as a segment in the field of digital technologies, growth of expenses for mobile advertising, saving on TV and radio advertising. advertising market, the development of outdoor advertising based on the transition from addressing opportunities to expand the customer experience through technologies such as VR and face recognition, the outflow of advertising budgets for print media.

Economic expertise as a tool to counter the shadow economy

2021 ◽  
pp. 131-136
Author(s):  
С.В. Банк ◽  
В.Ф. Вакуленко
Keyword(s):  
Shadow Economy ◽  
Negative Impact ◽  
Economic Security ◽  
The State ◽  
Large Percentage ◽  
Economic Situation ◽  
Public Finances ◽  
Economic Relations ◽  
Current State ◽  
Almost All

Теневая экономика проникает практически во все экономические сферы жизнедеятельности общества. Она включает в себя различные экономические отношения, которые находятся за рамками закона в областях производства, потребления, обмена и распределения. Воспрепятствование теневой экономике, предстающей одной из базовых угроз экономической безопасности страны, есть необычайно актуальное явление в настоящее время. Современное состояние сектора теневой экономики в России весьма динамично развивается, что влечет за собой негативное воздействие на социально-экономическое положение государства. В основном, это относится к представителям малого и среднего бизнеса, который занимается предоставлением услуг и производством разнообразных товаров. Актуальность избранной тематики заключается в том, что сейчас в России большой процент теневых доходов, тогда, как эти деньги могли быть направлены на становление и развитие МСП, особенно во времена обостренной пандемии, что позволило бы минимизировать экономическую напряженность и нарастить результативность государственных финансов. The shadow economy penetrates almost all economic spheres of society. It includes various economic relations that are outside the scope of the law in the areas of production, consumption, exchange and distribution. The obstruction of the shadow economy, which appears to be one of the basic threats to the economic security of the country, is an extremely relevant phenomenon at the present time. The current state of the shadow economy sector in Russia is developing very dynamically, which entails a negative impact on the socio-economic situation of the state. This mainly applies to representatives of small and medium-sized businesses that provide services and produce a variety of goods. The relevance of the chosen topic lies in the fact that now there is a large percentage of shadow income in Russia, while this money could be used for the formation and development of SMEs, especially during times of an acute pandemic, which would minimize economic tension and increase the effectiveness of public finances.

scholarly journals THE IMPACT OF ECOLOGY ON INTERNATIONAL ECONOMIC RELATIONS

2021 ◽  
Author(s):  
Марія Шкурат ◽  
Каріна Тукіла
Keyword(s):  
International Economic ◽  
Negative Impact ◽  
Environmental Problems ◽  
Waste Recycling ◽  
The European Union ◽  
Economic Relations ◽  
International Economic Relations ◽  
The World ◽  
Terrorist Groups ◽  
The Impact

Today the acute problems are pollution oceans, global warming, lack of resources, the increasing number of war and terrorist groups. All of this have adversely effects on the world environment and causes many problems in relations between countries. The issues of the impact of ecology on the world economy were revealed in their works economists such as K. Sitnik, M. Budiko, M. Reimer and many others. The main porpoise is to analyze the impact of ecology on the formation of economies in Europe and Ukraine, effects and suggest ways to solve problems. One of the main principles of domestic and foreign policy of any country is the preservation of the environment and its components. The main objectives of the article are to identify and analyze the main environmental problems of the world; to analyze the consequences of economic dangers and their impact on international economic relations; to analyze the consequences of energy consumption and propose alternative solutions for Ukraine; to investigate the problems and prospects of waste recycling in the world by proposing ways to solve the problem for Ukraine based on the experience of foreign countries; to identify the negative impact of solid waste recycling and suggest ways to solve the problem. Thus, there is a need to identify and study the main problems that stand in the way of building international economic relations in Ukraine and the world as a whole and to identify the main ways to solve these problems. The article analyzes the level of ecology worldwide. The basic environmental problems that have a negative impact in terms of all sectors of society. The main factors that cause negative impact on the environment are considered. Methods of pollution control at the level of the European Union and Ukraine are researched and offered. Ukraine's prospects for improving the environmental situation, which will help reach a new level in the world rankings, have also been identified.

scholarly journals Mother Nature’s Revolution and the COVID-19 Pandemic: A Scooping Review of COVID-19 and the Environment

2021 ◽  
Vol 17 (19) ◽  
pp. 100
Author(s):  
Endurance Uzobo ◽  
Stanley E. Boroh
Keyword(s):  
United States Of America ◽  
Negative Impact ◽  
The United States ◽  
Online News ◽  
Web Pages ◽  
Web Page ◽  
Environmental Behaviour ◽  
Secondary Sources ◽  
The World ◽  
Almost All

Many studies have solely focused on the negative impact of the coronavirus while ignoring the fact that the coronavirus was also a blessing in disguise to certain institutions. This study focuses on an exploration of some of the environmental-related benefits accruing from the outbreak of the coronavirus, which eventually led many countries of the world to declare a national lockdown. The study utilised secondary sources from 21 articles gleaned from hand-searched literature from various web pages and online news, accessed through google web page (google.com) between March to September 2020. Key search words used in the search were COVID-19 and the environment, benefits of COVID-19 to the environment, the environmental impact of COVID-19, and the environmental behaviour during COVID-19. The study reported that some positive benefits of COVID-19 concerning the environment from China, the United States of America, Europe, and Africa. Findings from the review indicated that almost all the continents in the world have experienced improve environmental quality as a result of the outbreak of the coronavirus. The study further added that one of the most important dividends arising from the outbreak is the positive change in behaviour in people towards the environment. It was, therefore, recommended that there is a need for nations of the world to leverage the window of opportunity provided by the coronavirus to encourage green economic behaviour to save the environment.

scholarly journals Statistical Analysis of the Performance of a Big and Open Economy: The Case of the U.S.

2018 ◽  
pp. 10-17
Author(s):  
O. V. Zhuravliov ◽  
О. М. Simachova
Keyword(s):  
United States ◽  
Open Economy ◽  
Developing Economies ◽  
Negative Impact ◽  
The United States ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Impact

The US economy is one of the richest and most diversified economies in the world and keeps its leadership in the global economy for the past 100 years. The United States is a global leader in computer technology, pharmaceuticals and the manufacture of medical, aerospace and military equipment. And although services make up about 80% of GDP, the US remains the second largest producer of industrial goods in the world and is a leader in research and development. President Donald Trump was elected in November 2016, promising a big gap with his predecessor’s regulatory, tax and trade policies. Therefore, the current socio-economic status of the USA and the possible ways of its development in the future are interesting for studying the impact on other economies, in particular, on the Ukrainian economy and the search for new and optimal ways of developing relations between the United States and Ukraine. Key macroeconomic indicators of the US economy in 2011–2018 are analyzed, demonstrating the influence of Donald Tramp’s new policy on changes in the indicators of the economy, the labor market, trade, etc., as well as possible ways of development in the coming years. The review of key macroeconomic indicators gives grounds for classifying the American economy as healthy one. Rates of GDP growth will remain in the range of 2 to 3%. These rates of growth in the world’s largest economy are callable to ensure a substantial increase in the global activity. But uncertainties in the politics may hinder global growth and have clearly negative impact on the investment growth in developed and developing economies.

The effect of weather on the European stock market

2016 ◽  
Vol 43 (9) ◽  
pp. 943-958 ◽  
Author(s):  
Nikolaos Sariannidis ◽  
Grigoris Giannarakis ◽  
Xanthi Partalidou
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Negative Impact ◽  
Weather Variables ◽  
Socially Responsible ◽  
Content Type ◽  
Daily Data ◽  
Macroeconomic Indicators ◽  
Significant Negative Impact ◽  
The Impact

Purpose The purpose of this paper is to ascertain whether weather variables can explain the stock return reaction on the Dow Jones Sustainability Europe Index by employing a number of macroeconomic indicators as control variables. Design/methodology/approach The authors incorporate the generalized autogressive conditional heteroskeasticity model in methodology for the period August 26, 2009 to May 30, 2014 using daily data. Findings The empirical results indicate that not only do changes in humidity and wind levels seem to affect positively the European stock market but changes in returns oil and gold prices as well. However, the results show that the volatility of the US dollar/Yen exchange rate and ten-year bond value exerts significant negative impact on companies’ stock returns. Originality/value This study adds to the international literature by documenting the impact of weather variables on socially responsible companies.

ANALYSIS OF THE LEVEL OF WELFARE AND SOCIO-ECONOMIC DIFFERENTIATION OF THE RUSSIAN POPULATION

2020 ◽  
Vol 10 (5) ◽  
pp. 923-936
Author(s):  
A.V. Minakov ◽  
Keyword(s):  
Large Scale ◽  
Negative Impact ◽  
Comparative Method ◽  
Well Being ◽  
Present Stage ◽  
Economic Relations ◽  
Theoretical Approaches ◽  
General Welfare ◽  
The Social ◽  
Macroeconomic Indicators

At the present stage, the problem of socio-economic differentiation of the country's population is becoming quite significant, which is even more aggravated in the context of macroeconomic instability. The crisis and tension in relations with Western countries have a negative impact on the social structure of the population through a negative impact on the country's economy, exacerbating the processes of differentiation, while sustainable development presupposes the achievement of the general welfare of citizens. The main purpose of the article is to study the level of well-being of the population and its differentiation. This goal setting dictates the need to develop not only theoretical approaches to understanding the categories of «welfare» and «socio-economic differentiation of the population», but also in practice - to understand the current situation at the present stage. The study used the comparative method (for comparing macroeconomic indicators), analytical, method of economic and statistical analysis (use of statistical data) and some others. The main result of the study is the substantiation of theoretical approaches to changes in the level of well-being of the population, taking place against the background of large-scale processes of globalization and the existing instability of economic relations both within the country and between states, which leads to imbalances in society and aggravated differentiation of the population by income, which can cause social tension in Russia. The socio-economic development of the country is, first of all, a factor influencing the standard of living of Russians. Through negative crisis moments, the stratification of society occurs, which leads to a decrease in the quality of life. An analysis of the level of well-being of the population is necessary in parallel with the study of indicators reflecting this level, in order to be able to track the depth of the process of differentiation of the population in relation to income.

Does cultural value affect board efficacy? Insights on international corporate governance

2017 ◽  
Vol 59 (6) ◽  
pp. 1257-1268 ◽  
Author(s):  
Mohammad Nurunnabi
Keyword(s):  
Corporate Governance ◽  
Negative Impact ◽  
Positive Impact ◽  
Religious Diversity ◽  
Cultural Value ◽  
Corporate Ethics ◽  
Content Type ◽  
The World ◽  
Governance Practices ◽  
Significant Negative Impact

Purpose This study aims to investigate how culture can either reinforce or attenuate the board efficacy (a key element of corporate governance). Design/methodology/approach The study uses the data from the World Economic Forum (2006-2014) of 69 countries. The data were restricted to 69 countries because Hofstede et al. (2010) provided cultural value data from 111 countries. However, the data from 42 countries were incomplete for Hofstede et al.’s four dimensions. Findings The study is the first to show that more religious diversity has a significant negative impact on stronger board efficacy in evaluating corporate governance practices. The results also indicate that more uncertainty avoidance in a country has a significant negative impact and corporate ethics and auditing standards have a positive impact on board efficacy. Originality/value The study extends Hofstede et al.’s (2010) cultural value by incorporating religious diversity and corporate ethics as cultural variables in explaining board efficacy in corporate governance literature. The Organisation for Economic Co-operation and Development, the World Bank and the International Monetary Fund should focus on cultural factors while developing a single set of Corporate Governance Code worldwide.

scholarly journals Challenges and risks in the process of Russia’s post-pandemic economic recovery

2021 ◽  
pp. 133-138
Author(s):  
O. M. Makhalina ◽  
V. N. Makhalin
Keyword(s):  
Structural Changes ◽  
Negative Impact ◽  
Action Plan ◽  
Sustainable Growth ◽  
National Action Plan ◽  
Russian Economy ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Government

The COVID-19 pandemic in 2020 has had a negative impact on economies around the world. The article analyses the macroeconomic indicators characterising the Russian economy after the COVID-19 pandemic. The results of this action on Russia’s global indicators have been compared with those of some countries in the world. The objectives and activities of the “National Action Plan for Employment and Income Recovery, Economic Growth and Long-Term Structural Changes in the Economy” (hereinafter the “National Action Plan”) have been considered. This document sets out the country’s development over the next two years and measures to recover the economy from the COVID-19 pandemic. The Government of the Russian Federation is allocating 5 trillion roubles for the implementation of the “National Action Plan”. Meanwhile, the main objective is to ensure a sustainable economic development and income growth path within two years. The indicators of the main goal to be achieved by the end of 2021 are: sustainable growth of the personal income; reduction of unemployment to 5%; growth of the gross domestic product by 2.5% per annum. In conclusion, the challenges and risks in implementing the “National Action Plan” have been formulated. 

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