Transformation of the economy of Ukrainian cities of regional significance: efficiency of the impact on the socio-economic developmen

2021 ◽  
Vol 92 (1) ◽  
pp. 61-74
Author(s):  
Mariana Melnyk ◽  
Iryna Leshchukh
Keyword(s):  
Economic Development ◽  
Capital Investment ◽  
Industrial Development ◽  
Structural Changes ◽  
Methodological Approach ◽  
Direct Foreign Investment ◽  
Strong Impact ◽  
Socio Economic Development ◽  
Regional Product ◽  
The Impact

The paper proposes a methodological approach to evaluating the impact of the transformation taking place in the economies of cities of regional significance (CRSs) on the socio-economic development of regions (oblasts). The analysis is conducted for cities of regional significance in the western part of Ukraine. The article emphasizes the asymmetry of regional socio-economic development as a result of the concentration of business activity and capital in the CRSs, a higher level of reception of growing direct foreign investment in the economies of CRSs compared to capital investment; a strong impact of structural changes in the economies of CRS on the Gross Regional Product (GRP). The authors found that the development of most CRSs was based on industrial production. Only half of the oblasts in Western Ukraine analyzed in the study showed evidence indicating that economies of their CRSs are undergoing a transformation towards service economy (which should correspond to the post-industrial development of the country).

scholarly journals Institutional Mechanism for Ensuring Economic Security and Investment in an Inter-Sectoral Regional Complex

2018 ◽  
Vol 11 (6) ◽  
pp. 121-130
Author(s):  
V. V. Akberdina ◽  
O. P. Smirnova
Keyword(s):  
Economic Development ◽  
Structural Changes ◽  
Economic Security ◽  
Analysis And Evaluation ◽  
External Threats ◽  
Economic Entity ◽  
Sustainable Operation ◽  
Socio Economic Development ◽  
The Impact ◽  
Institutional Mechanism

The relevance of the research is caused by the need to form a high-quality concept of a system for management and forecasting of the socio-economic development of the sectoral and inter-sectoral complex of a region. The subject of the research is the methods for forecasting the economic security under conditions of uncertainty. The purpose of the research was to consider and evaluate a model of dynamic integration of economic security for a regional inter-sectoral complex under uncertainty conditions based on the institutional approach principles. The paper analyzes the vectors of structural changes in the regional inter-sectoral complex that includes the mining, manufacturing and construction industries. A methodology for predicting the impact of the digital economy on the economic security of the regional inter-sectoral complex is considered. A new model of forecasting the economic security of the above-mentioned complex was built to be used as a tool for regulating the socio-economic development at the regional level. A set of key conditions for the development of an institutional mechanism to ensure the economic security of the region in terms of its sustainable operation and withstanding internal and external threats and risks were formed. In turn, the institutional concept of the economic security mechanism involves constant selection, analysis and evaluation of judgments about the economic security of a region, country or economic entity. This task is achieved by comparing the numerous characteristics of economic activity. The paper concludes that the proposed method of forecasting using econometric models makes it possible to assess the economic security of a regional inter-sectoral complex and timely respond to negative performance indicators.

scholarly journals Innovations in government management of the healthcare system: forecasting of covid-19 consequences in social, investment and business development

2020 ◽  
pp. 11-25
Author(s):  
Tetiana Vasylieva ◽  
Olha Kuzmenko ◽  
Naila Rashid Musayeva ◽  
Sergej Vojtovic ◽  
Maria Kascha ◽  
...  
Keyword(s):  
Time Series ◽  
Economic Development ◽  
Fourier Series ◽  
Capital Investment ◽  
Innovation Policy ◽  
Additive Models ◽  
Negative Consequences ◽  
Time Series Decomposition ◽  
Socio Economic Development ◽  
The Impact

This paper summarizes the arguments and counterarguments within the scientific discussion on the issue of the need for an innovative policy in the area of health protection at the link with the transformation of the social and economic development of the country through the pandemic COVID-19. The main goal of this study is to predict two scenarios for the development of the main indicators of the country's socio-economic development: considering the pandemic COVID-19 and the possible course of events without the influence of epidemiological threats. The systematization of literary sources and approaches to innovation and the determination of the volume of negative consequences for the national economy, due to the introduction of quarantine restrictions, has shown that this issue is quite relevant around the world. The study of the transformation of the trajectory of economic development of Ukraine in the article was carried out in the following logical sequence: 1) collection of statistical information, including 118 indicators of social development, the state of capital investment and business expectations of Ukrainian enterprises and screening of multicollinear indicators among them; 2) performing a time series decomposition separately for the interval 5 years before quarantine and taking into account the impact of the pandemic; 3) forecasting the consequences of the pandemic according to the investigated indicators of economic development in 2020-2022 by turning the time series into the Fourier series. The methodological tools of the study were methods of checking for multicollinearity by Pearson coefficients, decomposition of additive models into a trend and cyclic components, selection of cyclic oscillations by fast Fourier transform, extrapolation of constructed models for subsequent years, and quality control of constructed models by F-test quarterly data for 2015-2020 are selected. The study empirically confirms and theoretically proves that among the socio-economic development factors studied, most experienced significant transformations due to the introduction of quarantine restrictions by the government. This leads to the need for innovation policy in the health sector in order to minimize such consequences in the future. Keywords: Fourier series, forecasting, COVID-19, innovation, time series decomposition, health care.

scholarly journals Innovative development of the regions: cooperation between enterprises and state institutions

2019 ◽  
pp. 354-365 ◽  
Author(s):  
Nataliya Tyukhtenko ◽  
Serhii Makarenko ◽  
Nataliia Oliinyk ◽  
Krzysztof Gluc ◽  
Edwin Portugal ◽  
...  
Keyword(s):  
Economic Development ◽  
State Policy ◽  
Local Governments ◽  
Economic Security ◽  
Industrial Parks ◽  
Socio Economic Development ◽  
Close Relationship ◽  
State And Local ◽  
Regional Product ◽  
The Impact

In the conditions of limited sources of financing for the introduction of advanced innovative technologies and equipment modernization, to retain the existing positions and increase the overall level of competitiveness can only the company that establishes a close relationship with government bodies, local governments and trade union organizations with the aim of obtaining possible preferences for development within the existing regulatory right field. The purpose of the article is to analyze the main socio-economic indicators of the development of Ukraine and its regions, the definition and justification of possible areas of establishing interaction between private enterprises and government agencies. The methodological basis of the study consisted of scientific works of domestic and foreign scientists and leading specialists, statistical and analytical materials of state authorities. The results are obtained through the use of such methods as expert – to identify the impact of qualitative and quantitative indicators on the socio-economic development of the Kherson region; economics and mathematics – to study the influence of a defined group of indicators on the index of the physical volume of the gross regional product; abstract-logical – for a theoretical synthesis and formulation of conclusions. It is revealed that among the key areas of interaction is the promotion of the state and local authorities in the creation of industrial parks. The conducted research on identifying the strengths and weaknesses, opportunities and threats of the economy of the Kherson region indicates the need to develop measures to ensure the economic security of the region. To solve these problems at the regional level, it is proposed to implement a state policy that would be carried out in the following areas: ensuring a solid institutional protection of investor's property rights; improvement of the legislative framework; establishing an effective mechanism for combating corruption in Ukraine, developing an effective state policy on amnesty and unshadowing of incomes of individuals and legal entities. Keywords: socio-economic development, management, innovation, industrial park, competitiveness, foreign investment, amnesty of capital.

Assessing the impact of infrastructure on the social and economic development of Russian regions

2021 ◽  
Vol 20 (5) ◽  
pp. 792-809
Author(s):  
Al'bert G. MNATSAKANYAN ◽  
Sedrak SARGSYAN
Keyword(s):  
Economic Development ◽  
Infrastructure Development ◽  
Russian Regions ◽  
Social Infrastructure ◽  
Social And Economic Development ◽  
Socio Economic Development ◽  
Regional Product ◽  
Development Objectives ◽  
The Impact ◽  
Determinants Of Economic Growth

Subject. We present the analysis of theoretical and practical aspects of the impact of infrastructure on socio-economic development. Objectives. The aim of the study is to review theoretical and empirical aspects of relationship between the condition of infrastructure and the socio-economic development of the Russian Federation. Methods. The study draws on comparative and logical analysis of theoretical foundations and conclusions published in scientific sources, as well as methods of mathematical and statistical analysis. Results. The statistical measurement of relationship between the condition of infrastructure and the determinants of economic growth yielded results that run counter to the findings in academic literature. While we reveal a significant positive correlation between the level of transport and energy infrastructure development with the gross regional product per capita, the variables that characterize the state of telecommunications and social infrastructure have little or no connection with this indicator of the Russian regions’ development. Conclusions. Several variables are not enough to assess the impact of infrastructure on socio-economic development. For this reason, the model of infrastructure impact assessment requires further improvement.

scholarly journals Scenario modelling of the impact of the dynamics of public debt on the gross regional product of Russian regions

2021 ◽  
Vol 25 (6) ◽  
pp. 68-84
Author(s):  
I. V. Naumov ◽  
N. L. Nikulina
Keyword(s):  
Economic Development ◽  
Regression Analysis ◽  
Public Debt ◽  
Methodological Approach ◽  
Panel Regression ◽  
Gross Regional Product ◽  
Russian Regions ◽  
The Public ◽  
Socio Economic Development ◽  
Regional Product

The subject of this research is public debt and its impact on the dynamics of the gross regional product (GRP) of Russian regions. The aim of the paper is to study and scenario forecast the dynamics of changes in the internal public debt of Russian regions and model its impact on the gross regional product. The relevance of the study is due to the fact that most regions in Russia are forced to increase their internal public debt to cover the budget deficit and attract additional resources to solve important problems of socio-economic development and implement strategic projects and programs. The scientific novelty of the research consists in the development of a methodological approach to modelling and scenario forecasting of the level of GRP of different groups of regions, taking into account the dynamics of changes in their public debt using ARIMA modelling methods and panel regression analysis. The authors apply the methods of panel regression analysis and ARIMA modelling. The authors theoretically substantiated that public debt has a different effect on the GRP of Russian regions, grouped the regions according to the identified trends in the dynamics of public debt (the first group — regions with the dynamics of debt reduction over the period from 2005 to 2019, the second group — with the all-Russian trend of debt reduction since 2017, and the third group — with the dynamics of increasing debt over the period under review); developed a methodological approach to modelling and scenario forecasting of the GRP level of the Russian regions, taking into account the dynamics of changes in their public debt; carried out ARIMA forecasting of the dynamics of the public debt of different groups of regions and built regression models of the influence of the dynamics of the public debt on the GRP of Russian regions within the selected groups; formed forecast scenarios for changes of the GRP level of regions, taking into account the identified dynamics of transformation of their internal public debt. Conclusions: public debt has a negative impact on the dynamics of the GRP of Moscow and the Moscow region and a positive effect on the dynamics of the GRP of the regions of the second and third groups. The findings of the study may be used by the federal and regional executive authorities to find ways to reduce public debt and increase the level of socio-economic development of territories.

scholarly journals ASSESSMENT OF THE IMPACT OF INCOME INEQUALITY ON ECONOMIC GROWTH IN RUSSIAN REGIONS

2021 ◽  
Vol 2 ◽  
pp. 106-110
Author(s):  
Rogneda Vasilyeva ◽  
Oleg Mariev ◽  
Elena Ignatieva ◽  
Alla Serkova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Inequality ◽  
Capital Investment ◽  
Cultural Development ◽  
Russian Regions ◽  
Socio Economic Development ◽  
Per Capita ◽  
Fixed Capital Investment ◽  
The Impact

Inequality in the distribution of income of the population has a certain impact on different aspects of the economic and socio-cultural development of countries and regions. This inequality arises due to a number of factors as the current nature of the production specialization, the availability of production and economic infrastructure, the achieved level of development of the social sphere, socio-cultural, demographic, and other factors. The main objective of this study is to assess the nature and extent of the impact of income inequality in the Russian regions for the subsequent justification of the directions of socio-economic development. We conducted an econometric analysis of the impact of intraregional income inequality (the Gini coefficient), fixed capital investment per capita, and average per capita consumer spending on one of the main indicators of regional economic growth (GRP) per capita was carried out. The model is based on panel data for the period 2012-2018 for 85 regions of the Russian Federation. The results of the study confirm two of three hypotheses. As prospects for further research, it is proposed to consider the impact of inequality in the distribution of household income on economic growth for different groups of regions, including resource-type regions and regions with a predominance of manufacturing industries, as well as for leading regions and regions with a relatively low level of socio-economic development.

scholarly journals TRANSFORMATION OF THE ECONOMY STRUCTURE OF THE CITIES OF THE WESTERN REGION OF UKRAINE: SECTORAL DIMENSION

2021 ◽  
Vol 1 (36) ◽  
pp. 382-389
Author(s):  
M. Melnyk ◽  
I. Leshchukh ◽  
S. Shchehlyuk
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Industrial Development ◽  
Structural Changes ◽  
Economic Structure ◽  
Western Region ◽  
Base Period ◽  
Socio Economic Development ◽  
The Western Region ◽  
Administrative Units

Peculiarities of transformation of the structure of the economy of cities of the Western region of Ukraine are investigated. For this purpose, the spatial concentration of economic activity in the cities of regional significance of the Western region of Ukraine, as well as the speed and intensity of transformation of the structure of their economies are analyzed. Depending on the structure of the economy of cities of regional importance in the base period and the intensity of structural changes in it during the study period, two types of studied administrative units are identified: 1) cities of regional importance, which retained the profile of economic structure; 2) cities of regional significance, which diversify the structure of the economy.  The latter, in particular, include: a) cities of regional importance — industrial centers that have diversified their activities through the development of the service economy; b) cities of regional significance, which transformed the structure of the economy in the direction of industrial development; c) cities of regional significance, which, despite the multidisciplinary economic structure of the base period, increased in the following years the economic potential only in a certain sector of economic activity; d) other cities of regional significance, in particular those that have changed the vector of economic activity in the direction of development of related industries. The existence of positive trends (higher adaptability of the structure of the economy of the studied administrative units to modern conditions of socio-economic development), as well as negative trends (asymmetry of regional socio-economic development due to concentration of business activity and capital in cities of regional significance; disproportionate sectoral and spatial structural changes) economy of cities of regional importance, strengthening the mono-profile of economic development of individual cities of regional importance in the context of exacerbation of risks of economic activity) in the transformation processes of the economy of cities of regional importance.

scholarly journals FEATURES OF ASSESSMENT AND FORECASTING OF SOCIO-ECONOMIC DEVELOPMENT OF REGIONS IN UKRAINE

2020 ◽  
Vol 6 (5) ◽  
pp. 129-136
Author(s):  
Serhii Makarenko ◽  
Nataliia Oliinyk ◽  
Tetiana Kazakova
Keyword(s):  
Economic Development ◽  
Methodological Approach ◽  
Vulnerable Population ◽  
Current Crisis ◽  
The Real ◽  
Socio Economic Development ◽  
State And Local ◽  
State Of Affairs ◽  
The Impact ◽  
Real State

The purpose of the article is to carry out an analysis and improvement of the methodological approach for estimating and forecasting socio-economic devel-opment of regions. The methodological basis of the study consisted of scientific works of domestic and foreign scientists and leading specialists, statistical and analytical materials of state authorities. The results are obtained through the use of such methods as: expert – to identify the impact of qualitative and quantitative indicators on the socio-economic development of the region; economicmathematical analysis – to study the influence of a defined group of indicators on the level of development of the region; abstract-logical – for a theoretical synthesis and formulation of conclusions. The results of the study suggest that the introduction of a sound scientific and methodological approach to assessing and forecasting the level of development of the country and regions in particular will allow not only to identify problem areas in the development of the respective territories, but also to get the potential investor reliable information about the real state of affairs and to determine the justification of further investment in the activity of the research object. Using an unjustified scientific and methodological approach not only can distort the real state of affairs in the regions and the country in general, but also send limited financial resources of the State and local budgets in the conditions of the crisis to improve the indicators that have a minor impact on the development of the economy. It is proved that in current crisis conditions, the functioning of the national economy, state authorities should implement a more effective discretionary fiscal policy aimed at reducing the tax burden in the formation of the wage fund of the socially vulnerable population. The errors, ob-tained during misuse of information technologies in the assessment of socio-economic development of regions are revealed. The scientific and methodological approach to determining the coefficient of competence of experts and the value of 1 point of qualification competences during the construction of forecast scenarios and the development of regional economic development programs using intuitive fore-casting methods has been improved. Proposals for improving the system of taxation of the socially vulnerable population are developed.

scholarly journals Assessment of the railway transport effect for the social-and-economic development of the region

2019 ◽  
Vol 135 ◽  
pp. 04052
Author(s):  
Irina Polyakova ◽  
Anzhelika Borisova
Keyword(s):  
Economic Development ◽  
Socioeconomic Development ◽  
Transport Infrastructure ◽  
Regional Budget ◽  
The Social ◽  
Social And Economic Development ◽  
Socio Economic Development ◽  
Regional Product ◽  
Regional Authorities ◽  
The Impact

The purpose of this research is the assessment of the impact of the transport infrastructure on the social-and-economic development of the region. The authors carried out the analysis of the existing approaches to the assessment of the role of the transport component for the socioeconomic development. The assessment technique including principles, the system of factors and indicators, the algorithm and methods of the assessment of the transport infrastructure impact on the socio-economic development of the region is offered. According to the carried-out analysis, it is proved that the availability of the developed transport infrastructure is linked with the level of development of the region, in particular with Gross Regional Product and the consolidated regional budget revenues. The results of the research can be used by regional authorities for the justification of the strategic directions of socio-economic development of the region, when developing target programmes, etc.

scholarly journals Growth of investments as a condition for increasing energy efficiency of the Irkutsk region’s economy

2018 ◽  
Vol 212 ◽  
pp. 08013
Author(s):  
Boris Saneev ◽  
Alexandr Sokolov ◽  
Svetlana Muzychuk
Keyword(s):  
Energy Efficiency ◽  
Economic Development ◽  
Methodological Approach ◽  
Developed Countries ◽  
High Energy ◽  
Increase Energy Efficiency ◽  
Irkutsk Region ◽  
Socio Economic Development ◽  
The Impact ◽  
Efficiency Indicators

The energy efficiency of the Russian economy lags far behind the developed countries of the world that worsens its socio-economic development. To increase energy efficiency, it is necessary to introduce innovative solutions that require large investments. The object of the research is the economy of the Irkutsk region that energy efficiency growth, being the most important priority of socio-economic development, is of particular relevance due to its high energy intensity. The purpose of the study is to perform an energy-economic analysis of the Irkutsk region, and to determine the impact of investment on the energy efficiency growth. The methodological approach developed by the authors and used in this research is based on the balance and statistical methods. In course of the research, retrospective fuel and energy balances (FEB) of the Irkutsk region have been developed, and the energy efficiency indicators have been calculated on their basis. The main directions for the fuller use of the fuel and energy resources (FER) have been identified, the implementation of which will significantly increase the energy efficiency indicators. It will require an increase in investments in the fuel and energy complex (FEC) by 1.7-2 times by 2030 as compared to 2016.

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