THE ROLE OF THE FINANCIAL SYSTEM OF THE STATE IN THE DYNAMICS OF THE SOCIO-ECONOMIC DEVELOPMENT OF THE NATIONAL ECONOMY

2021 ◽  
pp. 6-12
Author(s):  
Alexey Vitalievich Lebedev ◽  
Elena Aleksandrovna Razumovskaya
Keyword(s):  
Economic Development ◽  
National Economy ◽  
Financial System ◽  
The State ◽  
Socio Economic Development

scholarly journals Features of construction of the model socially oriented national economy

2020 ◽  
pp. 48-55
Author(s):  
Оlena Golovnya ◽  
Iryna Kinash
Keyword(s):  
Economic Development ◽  
Public Sector ◽  
Economic System ◽  
National Economy ◽  
State Regulation ◽  
The State ◽  
Social Orientation ◽  
Economic Mechanism

The background of the development of the model of economic development of Ukraine in the context of social orientation has been analyzed taking into account the interdependent influence of the mechanism of market relations and economic policy of the state. It is researched that the economic mechanism of socially oriented market economy contains organizational structure of production (vertical and horizontal), specific forms of functioning of economic system (state and non-state regulation of the market), as well as a specific institutional base (including its legislative component). The constituents of the economic system are entities formed by large economic entities (eg financial corporations). The authors argue that the economic mechanism of a socially oriented national economy is a complex structure and system of interconnections and includes: a) a system of balanced markets; b) public sector of economy; c) large economic structures that fulfill the regulatory role of the state for the economy as a whole and at the same time increase the market sensitivity to medium and long-term programs of its development; d) public sector administrative and production subsystem; e) system of operative state regulation of economy; e) a budget-balancing system with a powerful core; g) regulatory framework governing mid-market processes. The study states that Ukraine, in rather difficult conditions, produces the parameters of its own national model of socio-economic development for the long term. The country has not yet formulated or implemented an effective model of economic development that would fully reflect its national characteristics and interests and become a macroeconomic basis for effective state regulation It is determined that in the conditions of construction of a new model of the national economy the role of non-governmental and charitable organizations is increasing. The role of non-governmental organizations, which represent one of the most optimal legal forms to assist citizens in solving their common problems, upholding common interests, is a compulsory attribute of the model of socially oriented national economy.

scholarly journals ARCHITECTONICS OF BUDGET MECHANISM OF SOCIO-ECONOMIC DEVELOPMENT OF THE STATE

2018 ◽  
pp. 45-57 ◽  
Author(s):  
Zoryana LOBODINA
Keyword(s):  
Economic Development ◽  
Public Administration ◽  
State Regulation ◽  
The State ◽  
Practical Application ◽  
Leading Role ◽  
Socio Economic Development ◽  
Scientific Approach ◽  
The Relationship

Introduction. The need to neutralize the threats to Ukraine's national security requires review of the priorities of public administration. Given the leading role of the budget as the imperative dominant of the system of state regulation of socio-economic development, the use of which is linked to the practical application of the budget mechanism of the socio-economic development of the state, the feasibility of modernizing the said mechanism is beyond doubt. The above circumstances determine the indisputable relevance of the study of the architecture of the budget mechanism and the search for ways to improve its structure, the integration of financial methods, forms, tools and instruments. Purposes. The purpose of the article is to formulate its own scientific approach to the structuring of the budget mechanism of the socio-economic development of the state, the characteristics of its elements and the relationship between them. Results.The result of the study proved that the optimal combination of elements of the budget mechanism allows the state to effectively influence the socio-economic processes, ensuring the functioning and development of the national economy, affordable and quality public services to the population, solving social problems and others. So in terms of transformation of budgetary relations and orientation of public finance to economic growth and improving public welfare scientific approaches to structuring the budget mechanism require revisionand clarification. Conclusion. Taking into account the directions of budget resources movement, the budget mechanism of the socio-economic development of the state proposes to distinguish two main subsystems: the mechanism of budget funds formation and the mechanism of using budget funds. In each of the subsystems, financial methods, forms, tools, levers are distinguished and characterized in the context of providing the architectural budget mechanism.

scholarly journals Investment subsidies as a source of revenues to local budgets

2021 ◽  
pp. 31-34
Author(s):  
Volodymyr HORYN ◽  
Nataliia KARPYSHYN
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
The State ◽  
Infrastructure Development ◽  
State Budget ◽  
Investment Projects ◽  
Socio Economic Development ◽  
Water Mains

Introduction. Given the limited own resources of local self-government, it is important to ensure the effective functioning of the mechanism for providing investment subventions from the state budget. Such investment subventions include subventions for the formation of infrastructure in the united territorial communities and subventions for the implementation of measures of socio-economic development of separate territories. The purpose of the paper is the analysis of the mechanism of providing and using investment subventions to local budgets in order to identify disadvantages and eliminate them. Results. Providing an “infrastructure” subvention to local budgets has strengthened the capacity of united territorial communities and to some extent improved the quality of services provided to the population. During 2016–2019, UAH 6.5 billion was allocated from the State Budget of Ukraine to local budgets for infrastructure development and 9475 projects were implemented. With the help of these subventions, schools, kindergartens, outpatient clinics, cultural and sports institutions, water mains and roads were built and repaired, and specialized transport was purchased. However, in recent years, the role of this subvention has decreased significantly due to the fact that the number of UTCs that received an infrastructure subvention during 2016–2021 has increased significantly, and its volume has hardly changed. The amount of subventions from the state budget to local budgets for the implementation of measures for socio-economic development of certain territories has also decreased, which negatively affects the capacity of local governments in the field of investment projects. Conclusion. The volume of investment subventions remains insufficient, and their distribution is partly in a “manual mode”, which creates a favorable environment for political corruption and lobbying.

scholarly journals Optimization of the Activities of Institutions Promoting Investment in the sustainable Economic Growth of Russia

2021 ◽  
Vol 25 (4) ◽  
pp. 110-120
Author(s):  
E. A. Zvonova ◽  
V. Ya. Pishchik ◽  
P. V. Alekseevc
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
The State ◽  
Russian Economy ◽  
Socio Economic Development ◽  
Development Institutions ◽  
Investment Process

The article examines and assesses the problem of the investment deficit in the Russian economy, which has acquired particular relevance due to the coronavirus crisis caused by the pandemic. The study aims to develop practical recommendations for Russian state bodies to stimulate the investment process in the Russian economy and improve the efficiency of measures taken by the state to ensure the country’s socio-economic development. The objectives of this paper are to analyze the directions of optimization and prioritization of investment of resources during the economic recession caused by the coronavirus crisis using investment lending and project financing instruments, as well as to analyze and assess the ongoing reform of development institutions based on the state corporation “VEB.RF”. The research methodology includes an analysis of the regulatory legal framework, statistical information, official reports of state bodies, development institutions, scientific monographs and publications of Russian scientists, periodicals. The authors analyzed the trends and problems of the investment process in the Russian economy, including in the field of attracting foreign direct investment. Attention is paid to the ongoing reform of development institutions aimed at enhancing the role of the state development corporation “VEB.RF” in stimulating investment. The authors conclude that it is necessary to take a set of functional, instrumental, and institutional measures aimed at stimulating investment and ensuring sustainable socio-economic development of Russia. In particular, in the context of a shortage of domestic sources of financing for long-term investments, it is important to provide regulatory macroeconomic support for the inflow of foreign direct investment into the Russian economy. In this regard, the authors propose to change the monetary policy strategy to increase the stimulating role of refinancing of credit institutions and the projected exchange rate in attracting domestic and foreign long-term investments and ensuring sustainable development of the Russian economy. The authors also propose to increase the role of foreign exchange regulation and foreign exchange control in stimulating investment and ensuring sustainable socio-economic development of Russia.

scholarly journals Financial System of Russia: Approaches to Assessment of Impact on the National Economy

2020 ◽  
pp. 072-082
Author(s):  
A. V. Lebedev ◽  
◽  
E. A. Razumovskaya ◽  
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Financial System ◽  
The State ◽  
The Russian Federation ◽  
Main Factors ◽  
The Impact ◽  
Qualitative Characteristics ◽  
Qualitative Changes

An attempt is made to analyze the Russian financial system based on the existing international OECD methodology according to the Central Bank of Russia. The modern controversial views on the concepts of the impact of the financial system on economic growth, existing in the world financial science, are presented. The fundamental theories of economic growth in the format of production functions and the author’s interpretation of macroeconomic identity are presented; the role of labor and capital in economic growth, as the main factors subject to qualitative changes to the greatest extent, is noted. As an intermediate result for the analysis of the financial system of the Russian Federation, a coefficient is proposed that allows one to potentially analyze the influence of the qualitative characteristics of the state of the financial system on the socio-economic development of the national economy. The hypothesis about the influence of the financial system on the state of the national economy has been confirmed.

Investment Security as a Factor of Steady Economic Development

2010 ◽  
pp. 16-25
Author(s):  
S. Naryshkin
Keyword(s):  
Economic Development ◽  
National Economy ◽  
State Policy ◽  
Economic Security ◽  
The State ◽  
Security Requirements ◽  
Russian Economy ◽  
Definition Of ◽  
Stable Development

The article argues for the growing role of economic security factors in the situation of post-crisis development. The paper is focused on the problem of investment security of the national economy. The article contains the definition of investment security and its basic criteria. The author designates major directions and tools of the state policy directed at maintenance of investment security requirements as a condition of stable development and modernization of the Russian economy.

scholarly journals El Papel de las PGE en el Rendimiento Financiero de Microempresas Emprendedoras para el Desarrollo Socioeconómico Regional / The Role of PGE in the Financial Performance of Entrepreneurial Microenterprises for Regional Socioeconomic Development

2019 ◽  
Vol 8 (2) ◽  
pp. 93-101
Author(s):  
Jorge Armando López-Lemus
Keyword(s):  
Economic Development ◽  
Financial Performance ◽  
Socioeconomic Development ◽  
Management Practices ◽  
Business Management ◽  
The State ◽  
Fit Indices ◽  
Development Methodology ◽  
Socio Economic Development

RESUMENPropósito. Conocer el grado de influencia que ejerce las prácticas de gestión empresarial sobre el rendimiento financiero de las microempresas emprendedoras para el desarrollo socio económico regional. Metodología: El diseño metodológico empleado fue cuantitativo, explicativo, observacional y transversal. Se analizaron 127 jóvenes emprendedores del estado de Guanajuato, México. Se desarrolló un modelo SEM cuyos índices de bondad y ajuste (X2=172.386 gl= 101; CFI = 0.942 y TLI=0.932; RMSEA= .07) son ser aceptables Resultados: Se encontró una relación positiva y significativa entre las prácticas de gestión empresarial y el rendimiento financiero de las microempresas emprendedoras. Asimismo, las prácticas de gestión empresarial influyen positiva y significativamente sobre el rendimiento financiero de las microempresas emprendedoras en el estado de Guanajuato, México.ABSTRACTPurpose. To know the degree of influence exercised by business management practices on the financial performance of entrepreneurial microenterprises for regional socio-economic development. Methodology: The methodological design used was quantitative, explanatory, observational and transversal. 127 young entrepreneurs from the state of Guanajuato, Mexico were analyzed. An SEM model was developed whose goodness and fit indices (X2 = 172.386 df = 101; CFI = 0.942 and TLI = 0.932; RMSEA = .07) are acceptable. Results: A positive and significant relationship was found between the business management practices and the financial performance of entrepreneurial microenterprises. Likewise, business management practices have a positive and significant influence on the financial performance of entrepreneurial microenterprises in the state of Guanajuato, Mexico.

scholarly journals GOVERNANCE AND PUBLIC ADMINISTRATION

2018 ◽  
Vol 20 (2(67)) ◽  
pp. 176-182
Author(s):  
V.K. SYMONENKO
Keyword(s):  
Economic Development ◽  
Civil Society ◽  
Economic System ◽  
Public Administration ◽  
National Economy ◽  
Management System ◽  
The State ◽  
State Administration ◽  
National Economic ◽  
Socio Economic Development

Topicality. The processes of the reforming and transforming of the state administration system in the country, which have been going on for more than a quarter of a century and do not lead to a significant increase in the level of well-being and do not allow to achieve even the values of indicators of socio-economic development of the 1991th year’s level, determine the relevance of the development of conceptual and scientific- methodological approaches to the organization of management system and public administration in the national economy. The main conceptual idea is to determine the direction of further socio-economic development of society and to regulate the transformation of the national economy management system on the basis of the prevalence of the actual significance and effectiveness of the system of state administration over the fact of its functioning for the sake of its own existence.Aim and tasks. The purpose of the article is to determine the conceptual framework for the regulation of transformation processes in the system of public administration and management in order to effectively influence the changes in national economic system and facilitate its restructuring from the raw material type to the economic system oriented on creation of the maximum possible value added.Research results. The interrelation and interdependency of the power and the system of public administration are analysed. It is defined the character and degree of influence of civil society on political and socio-economical processes which take place in the state. The essence of problems of real democratization processes in society reducing and the emphasis on arising threats that are caused by alignment of the reform processes and the failure of the tasks fulfill for the transformation of the economic system are analyzed and solved.The threat of curtailment of the processes of democratization and attainment of objects of radical socio-economical reforms going on in the country are emphasized. The specific measures on forming of civil society as an active state governor and on creation of effective system of public administration and regulation are justified and proposed. The appropriateness and validity of the proposed regulatory measures has been proved.Conclusions. It is established that one of the necessary and priority tasks is to maintain and create conditions for the rise of civil society sprouts in our country and for developed civil society establishment, which will become the basis and the key to successful implementation of the public administration reform, and will facilitate the efficiency of state power, will increase the welfare of the population. It is also necessary to support political will and aspirations of political elites to build an effective national economic system.

scholarly journals БЕЗПЕКА ЕКОНОМІКИ АЗЕРБАЙДЖАНУ

2021 ◽  
pp. 24-29
Author(s):  
Эльмира Годжаева ◽  
Айшан Асланова
Keyword(s):  
Economic Development ◽  
National Economy ◽  
Economic Security ◽  
The State ◽  
Development Economic ◽  
Necessary Condition ◽  
National Interests ◽  
Economic Interests ◽  
Socio Economic Development ◽  
Level Of Economic Development

Formulation of the problem. Economic safety is a conception which estimates the modern state of national economy. Therefore, economic safety depends on the level of economic development. The purpose of the research analyze еconomic security, which protects national interests, implements the development of the national economy and supports its adaptation to the economic interests of state bodies. The object of the research is the process of modeling of economic security is a concept that assesses the current state of the national economy. The hypothesis of the research is the dynamics of the socio-economic development of the state is one of the conditions ensuring its economic security. The methods of the research – analysis, synthesis, scientific generalization, systems approach. The statement of basic materials. Along with the protection of the country's national interests, economic security is the readiness of state bodies to ensure the real development of the country's economy in accordance with national interests and the socio-economic stability of society. The dynamism of the country's socio-economic development is a necessary condition for ensuring its economic security. There are a number of tasks that determine economic security, one of them is the assessment of its geopolitical state and the protection of the national interests of the state. All this is analyzed in detail in the article on the example of Azerbaijan. The originality and practical significance of the research. In the Azerbaijani context, various issues determined by economic security, assessment of the geopolitical state and national interests are also analyzed. Conclusions and perspectives of further research. Consequently, economic security depends on the level of economic development. Economic security protects national interests, realizes the development of the national economy and supports its adaptation to the economic interests of state bodies.

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