scholarly journals Honduras

2019 ◽  
Vol 19 (377) ◽  
Author(s):  
Keyword(s):  
Economic Activity ◽  
External Environment ◽  
Economic Reforms ◽  
Political Context ◽  
Electricity Sector ◽  
Severe Drought ◽  
Business Climate ◽  
Program Objective ◽  
Social Tensions ◽  
Electoral Management Bodies

Program objective. An SBA and an SCF arrangements with total access of SDR 224.8 million (90 percent of quota) were approved on July 15, 2019. The Fundsupported program aims at maintaining macroeconomic stability and supporting growth through reforms to foster revenue mobilization, secure sustainability in the electricity sector, and improve governance and the business climate. The authorities plan to continue treating the SBA and SCF arrangements as precautionary. Economic and political context. Growth has slowed down more than expected due to a challenging external environment and a series of shocks to economic activity— notably, a severe drought. Some social tensions over political reforms and sectoral demands arose over the summer, but recent agreements on electoral management bodies have lessened them. It remains critical to secure the implementation of economic reforms, notably on revenue mobilization and the electricity sector.

Economic Reforms in Ukraine in Comparative Perspective: Formal and Informal Dimensions

2016 ◽  
Author(s):  
Alexander Libman ◽  
Anastassia Obydenkova
Keyword(s):  
Cluster Analysis ◽  
Hierarchical Cluster Analysis ◽  
Institutional Environment ◽  
Hierarchical Cluster ◽  
Economic Reforms ◽  
The Other ◽  
Business Climate ◽  
Formal Institutions ◽  
Micro Level ◽  
Informal Practices

Alexander Libman and Anastassia Obydenkova set out inductively to identify the countries whose economies are most similar to Ukraine’s using a hierarchical cluster analysis of indicators of the micro-level institutions, such as obtaining permits, registering property, and enforcing contracts. This analysis indicates that in terms of formal institutions, Ukraine performs like a country of southeastern Europe, while in informal terms, it looks more like the other post-Soviet states. While the formal institutional environment in Ukraine has improved, perceptions of the business climate have worsened. This highlights the disconnect between formal institutions and informal practices. They stress that government cannot directly change informal practices—it can only change formal rules or personnel.

Myanmar regulation reform will spur investment

2015 ◽  
Keyword(s):  
Direct Investment ◽  
Economic Reforms ◽  
Business Environment ◽  
Regulatory Environment ◽  
Business Climate ◽  
Foreign Investors ◽  
Content Type ◽  
Effective Administration ◽  
Regulation Reform ◽  
The Government

Subject Myanmar's business environment. Significance The government is instituting measures to improve the business climate and attract foreign direct investment (FDI) into the economy. As part of this effort, on February 24, it instituted the Competition Act. However, while there has been an influx of new FDI, foreign investors remain wary -- largely because of the challenges of navigating Myanmar's old and complex regulatory environment. Impacts Economic reforms could slow in the event of an opposition electoral victory, as the new government gains experience. Improvements to the business environment could be constrained by a faltering or failed ethnic peace process. Regulatory reforms backed up by effective administration could contribute to equitable economic growth.

scholarly journals A TOOL OF STATE REGULATION OF ECONOMY OF UKRAINE IN CHALLENGING TIMES

2021 ◽  
Author(s):  
Ivan Mihasiuk ◽  
◽  
Bohdanna Kosovych ◽  
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Economic Activity ◽  
Transition Period ◽  
State Regulation ◽  
The State ◽  
Industrial Complex ◽  
Domestic Economy ◽  
Business Climate ◽  
Positive Role

The article investigates the possibilities of using the means of state regulation of the economy in modern Ukraine in the conditions of crisis phenomena and challenges. Among the most negative threats to the domestic economy are military aggression by Russia, the prevailing depressive business climate in the society, high levels of shadowing and corrupt schemes in economic activity, critical external debt, excessive scale and rate of loss of human capital, inconsistency of public administration and society's expectations, and in addition, the global pandemic COVID-19. The need to strengthen state influence on the domestic economy up to the use of certain elements of economic dictatorship has been clarified. The necessity of an economic dictatorship in Ukraine, i.e. the imposition of a state of economic emergency, is caused by a too long and devastating crisis that covers all spheres of society – economic, social and political and can lead to social upheaval. In the transition period, it would allow in a relatively short time to improve the structure of national production, which would contribute to its competitiveness, economic growth. After all, economic methods of state regulation and the use of market mechanisms aimed at changing the structure of production will give results only after a long period and will be accompanied by further growth of unemployment and declining economic indicators. The main tools of state influence on economic processes have been identified, namely: development of anti-crisis measures; strengthening the country's defense capabilities through the development of the military-industrial complex; forecasting and planning of economic development; control and influence on financial markets; fight against shadowing, corruption, negatives of oligarchization; control over foreign economic activity; guaranteeing the interests of external and internal investors; investing in the economy; development of various forms of public-private partnership; promoting the economic development of the regions of Ukraine. Emphasis has been placed on the positive role of centralized state regulation of the Ukrainian economy in the face of threats and challenges for the formation of civilized market relations. Tight economic policy of the state will allow directing the activities of all business structures in the legal field in order to form a real market. Only the state is able to unite the efforts of all branches of the state governance in order to develop and implement a new economic policy aimed at forming a market economy in the interests of society as a whole.

scholarly journals Peculiarities of Predicting Business Cycles in the Ukrainian Economy

2020 ◽  
Vol 87 (4) ◽  
pp. 28-35
Author(s):  
M. V. Puhachova
Keyword(s):  
Economic Activity ◽  
German Economy ◽  
The State ◽  
Composite Indicators ◽  
Business Climate ◽  
Economic Activities ◽  
Macroeconomic Indicators ◽  
The Business Cycle ◽  
Climate Indicator ◽  
Dynamic Series

It is argued in the article that any common person is able to get an idea about the economy’s conditions and its forthcoming change, if he/she learns information Business Tendency Surveys (BTS), i. e. with combination indicators computed on the basis of indicators from these surveys. A review of the methods for constructing several types of integral composite indicators, based on indicators of BTS of enterprises by selected economic activities, is provided. Indicators of business climate, computed by the methodology of ifo-Institute and European Commission, and indicators of confidence by economic activity are analyzed. Being ahead of the curve, these indicators give good signals on change in the phases of business activity cycles in European economies and allow one to have rather precise short-term predictions of change in GDP and output by economic activity.  The analysis covers dynamic series of these indicators for the Ukrainian economy, with making the conclusion that now only the indicators of confidences for four economic activities can be used for predicting the business cycle for 2 to 3 quarters. The Business Climate Indicator, computed by the European methodology, has good correlation with GDP, but it is only one quarter ahead of it. The Business Climate Indicator, computed by the methodology of ifo-Institute, did show rather good correlation with GDP, but could not demonstrate its good qualities as for the German economy. Unfortunately, this indicator could be computed only for the period before 2013, because subsequently its components were withdrawn from survey questionnaires.  One of the main recommendations given in the article is as follows: an organization performing BTS of enterprises (namely, the State Statistics Service of Ukraine) needs to more actively propagate the information about various composite indicators that can obviously be demanded by a broad range of statistical information users. These indicators should be, inter alia, displayed on the home page of the official web-site of the State Statistics Service of Ukraine together with hot news (probably, in a graph form together with macroeconomic indicators).

scholarly journals Budgeting as a tool for planning and managing business activities of the enterprise

2020 ◽  
pp. 24-31
Author(s):  
T. Tsyfra ◽  
Yа. Loktionova ◽  
N. Kostenko
Keyword(s):  
Economic Activity ◽  
Negative Impact ◽  
External Environment ◽  
Developed Countries ◽  
Universal Method ◽  
Features Selection ◽  
Management Tools ◽  
Budget Planning ◽  
Advantages And Disadvantages ◽  
Theoretical Approaches

The article highlights the theoretical approaches to the essence of the concept of "budgeting" as a tool for managing economic activity of the enterprise. Based on the study of interpretations of the "budgeting" concept, a comparison of opinions of different scientists-researchers of this economic category is generalized and formed. The role of budgeting and opportunities for effective management of economic activity of the enterprise are revealed. The principles on which the budgeting system is based are analyzed and supplemented by their own, which include: optimality; unity; systematics, transparency, alternatives, complexity. The classification of budgeting methods is carried out according to the following classification features: selection of budget planning objects, initial base, budget development procedure, level of centralization, level of adaptation of budget planning to changes in the external environment, method of planned budget indicators calculating. It is determined that budgeting as well as any economic category has its advantages and disadvantages, the main of which are given in this article. Modern business conditions necessitate entrepreneurs to take into account changes in both internal and external environment, actively master innovative management technologies, study market conditions, take into account the probability of certain events and at the same time develop models of enterprise behavior in the absence of sustainable development in labor, material, information and financial resources. A significant number of business representatives appreciated the benefits of applying the budgeting process in practice, which is one of the management tools and has become widespread in economically developed countries. Budgeting is not a universal method of avoiding negative impact on the results of their activities, but provides an opportunity to navigate in a real fast-changing environment and make the necessary sound management decisions that will provide optimal conditions for business development in an unstable economy. The practical application of budgeting becomes an objective necessity, as it helps to optimize resource flows, ensures economical use of all types of resources, affects cash flow management, increases financial discipline, the level of investment attractiveness and competitiveness of enterprises.

scholarly journals Business Analysis and Audit of Foreign Economic Activity of the Enterprise

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Кarina Nazarova ◽  
Olga Zaremba ◽  
Mariia Nezhyva ◽  
Volodymyr Hordopolov ◽  
Viktor Harbar ◽  
...  
Keyword(s):  
Economic Activity ◽  
External Environment ◽  
Information Support ◽  
Management Tool ◽  
Accounting System ◽  
Investment Climate ◽  
Foreign Investments ◽  
Business Analysis ◽  
Methodological Principles ◽  
Information Requests

Based on the substantiation of the necessity of changes in the management system of the enterprise in order to increase Ukraine's level in international economic ratings, a comprehensive model of the transformation of theoretical and methodological principles of accounting, analysis and audit in the management of foreign economic activity was developed. An approach to the formation of the accounting, analysis and audit principles of the enterprise's foreign economic activity, which takes into account the differentiation of decisions made in the system of management of foreign economic activity, it allows using the environment of the business entity to improve the efficiency of the implementation of foreign economic transactions. The basis of the theoretical and methodological principles of audit in the part of the suggested model of the transformation of the accounting system of transactions of foreign economic activity, which consists of tasks, elements of the method and objects of accounting, which form different processes of the types of foreign economic transactions, and provides increasing of the reliability of accounting information support, as it takes into account the influence of the internal and external environment of the enterprise. The methodical principles of the audit of export and import transactions of enterprises in the part of suggestions for improvement of documentary support, formation of the value of imported goods and reflection on the analytical accounting accounts of export-import transactions with goods, which increases the efficiency and reliability of the formation of responses to information requests of the system of management of foreign economic activity, was developed. The directions of improvement of the organizational and methodical provisions of audit for foreign economic activity of enterprises are grounded, taking into account changes in the tendencies of development of foreign economic activity at the micro and macro levels. The peculiarities of application of internal and external methods of management of currency risks in the system of enterprise accounting as an effective management tool were disclosed. It is reflected as the influence of the external environment in the accounting system and forms information support for users who make decisions on planning and development of foreign economic activity of the enterprise. The stages of obtaining foreign investments in accounting were substantiated, which promotes the modification of the methodological support of audit of foreign investments as the basis for the formation and improvement of the investment climate.

Sign in / Sign up

Export Citation Format

Share Document