Ambiguous effects of minimum wage tool of labour markets regulation – key study of V4 countries

In this paper we analyze the effect of minimum wage change on selected labour market indicators such as duration of employment, hours worked, unemployment by education or profession or long-term unemployment. Our research is based on Eurostat and OECD data for V4 countries. The hypothesis discussed is whether the effect of minimum wage increase is positive or negative and we discuss the issue of economic regulation more generally. The output values of the regressions coefficients of all the V4 countries showed that the effects are more positive than negative. Mapping the overall intensity of effects of the minimum wage on selected indicator of the labour market in the Czech Republic and Hungary indicated a low sensitivity. The effects were very weak in Slovakia and Poland. The results of the analysis complied with the results of the domestic and international research in 13 cases and the results were different in 6 cases. Slightly more often they confirmed more positive effects of the minimum wage on selected indicators of the labour market than negative effects.

Attempts to overcome the deficit by the imperative method of legal regulation in the conditions of perestroika (on the example of Ivano-Frankovsk region)

The purpose of the article is to show the effectiveness of the imperative method of legal regulation of the economy on the example of the Ukrainian SSR. Method. The research methodology is based on the application of a systematic approach, which allowed to consider economic and legal phenomena in their relationship. The following methods of scientific cognition were used in the research: the dialectical method, which made it possible to study the relationship between state and legal phenomena and economic processes; study of the legal status of participants in economic relations of the USSR during the perestroika required the use of a historical method, which made it possible to trace the evolution of the legislation of the USSR on the regulation of economic processes. Using the dogmatic method, the legislation of the studied period is analyzed. The hermeneutic method was used in the interpretation of certain economic concepts from the standpoint of law. Results. In the course of the research the principles of the imperative method of legal regulation for overcoming the deficit are analyzed, namely: laws, orders, directives, prescriptions, instructions. Scientific novelty. On the basis of the analysis of legislative acts of the Ukrainian SSR the problems of economic development of the state are revealed, their reasons and ways of overcoming are analyzed. It was found that the key role was given to administrative methods of economic regulation with an emphasis on the imperative method of legal regulation. The inefficiency of this method is shown, which was expressed in numerous offenses and the development of the "shadow economy". Practical significance. Conclusions and theoretical generalizations can be valuable to avoid negative trends in the economic (deficit, speculation, shadow economy) and legal spheres (absolutization of one method of legal regulation) at the present stage of development of the Ukrainian state.

FEATURES OF TAX ADMINISTRATION IN THE CONDITIONS OF FISCAL REGULATION OF THE ECONOMY

. The subject of the study was the economic relations that arise as a result of the implementation by the state of the fiscal function of taxation in order to improve the effective regulation of the economy of Kazakhstan. The aim of the study is a theoretical description of the fiscal function and its impact on economic regulation. The paper substantiates the fact that the fiscal function leads to the financing of public expenditures and serves as a perfect regulator of economic processes in the country. Particular attention is focused on the instruments of fiscal policy, as well as the degree of their impact on the effectiveness of its implementation. The article defines the elements and methods of implementing tax policy, analyzes the goals of significant programs and concepts, and examines the chain of tasks that contribute to the gradual development of the economy. The direct connection between the fiscal function and the sustainable development of the economy of Kazakhstan is determined. The effectiveness of the main components of the study is justified by the fact that the fiscal function creates a platform for state regulation of economic relations in order to develop the economy of the Republic of Kazakhstan.

Crisis оf distribution in the modern world: trends and consequences

Main causes of crisis of distribution in the modern world are considered in the article. While the COVID- 19 pandemic is spreading, the problem of distribution and related crises have become main issues that attract attention of both governments and the world community. Rising unemployment, gender disparities, income inequality and wealth are some of the side effects of the coronavirus pandemic. The crisis has exacerbated inequality on the all main dividing lines of society and pushed back achievements in reducing poverty all around the world. The pandemic and its aftermath have reminded us of the need to move to a society, which would be fairer and more sustainable one. The distribution crisis can lead to the collapse of many social subsystems. The systems, structures and organizations, which are able to change in a permanent way and effectively overcome conflicts, become the most successful. Distribution policy does not necessarily mean welfare programs for low-income groups or a broad distribution of public goods and finances. Redistributing manager’s power is also subject to redistribution policy. The idea of welfare state, its development and further all-encompassing crisis draw attention to the most important moments of human existence, such as distribution of goods and the right to access to resources both within a state and in the world as a whole. The states with a high welfare level enjoy widely available educational programs, largely funded by taxes. Thus, in order to ensure equal opportunities and achieve equal results, a coordination of professional training and an existing labor market is needed. A clear legal system is needed to address distribution challenges and distribution risks, especially in economic legislation and, first of all, in tax, financial and antitrust regulations, which solve distribution problems in practice. Thus, distribution crises must be effectively controlled and resolved by strengthening economic regulation.

Peculiarities of foreign economic activity management of enterprises

Introduction. The paper is devoted to the problems of research of features and modern mechanisms of economic regulation of foreign economic activity of enterprises in Ukraine. The purpose of the paper is to improve the scientific and methodological basis for stimulating the development of foreign economic activity of enterprises and substantiation of the theoretical foundations of foreign economic activity of enterprises in order to further their development in the today's globalized world. Results. It is determined that one of the problems of foreign economic activity of enterprises is the problem of inefficient management system, lack of strategic and marketing approaches to enterprise management, and enterprises more often use the technique of short-term adaptation. An enterprise focused on the development of foreign economic activity should develop approaches to improve international marketing, especially in terms of making effective management decisions based on the processing of a significant amount of information data and assessing the factors of the international market environment. The main condition for the adaptation of enterprises to the rapidly changing external environment may be the formation of a system of strategic planning, which provides a more rational use of limited resources, promotes consistent development and implementation of management decisions, focuses on sustainable development in market conditions. The management staff should clearly formulate the principles of strategic research in order to intensify foreign trade in industrial enterprises, and most importantly – formed a marketing strategy for foreign trade. The main means of increasing the potential of foreign economic activity of enterprises are the formation of such economic conditions that would allow due to modernization of production to increase domestic production and services, introduce innovative technologies. Conclusion. In order to improve the foreign economic activity of Ukrainian enterprises, it is proposed to implement a policy aimed at increasing merchandise exports by introducing innovative developments to improve the quality of domestic products, which must meet international norms and standards necessary to create a sufficient level of competitiveness in domestic markets.

Performance Effects of Network Structure and Ownership: The Norwegian Electricity Distribution Sector

Transmission and distribution networks are capital intensive segments of the electricity sector and are generally considered natural monopolies. Due to their non-competitive nature, these are subject to independent regulation to prevent the abuse of monopolistic power and to induce competitive behaviour. Effective economic regulation of the electricity networks has become a key target in most developed economies after the 1980s. In Norway, incentive regulation and efficiency benchmarking were introduced in 1997. In Norway, the electricity grid is divided into three levels, namely, central, regional and distribution networks. In this paper, we study two overlooked aspects when analysing the performance of electricity networks: vertical integration and ownership structure. We use a stochastic frontier analysis approach to analyse the performance of Norwegian electricity distribution utilities for the period 2007–2014. We observe that vertical integration between distribution and regional transmission implies higher cost inefficiencies. This indicates that the efficiency gains due to separate management of the networks exceed the economies of coordination from vertical economies of scope. In addition, we find that council ownership entails higher efficiencies. This could be explained by the state having an interest in high-voltage electricity networks, rather than low-voltage ones, and the decentralised model from which the now centralised system was once developed.

Neoliberal Approaches in the Model of European Economic Integration

A feature of the first decade of the XXI century was the shift of the EU from the second to the third position in the competition of global geographical centers of power; the beginning of the third decade was marked by the withdrawal of the UK from the EU. Despite many external and internal challenges, the EU remains committed to its chosen economic model and its unique asset, the Single internal market. The article focuses on the following questions. Why did the neoliberal ideas embodied in the creation of a model for the integration of national markets receive support in Europe in the middle of the XX century? How has neoliberalism strengthened over time? Does the process of developing a common economic policy and expanding the EU's powers run counter to the development of a neoliberal idea? What alternative models compete with the European neoliberal model? How stable is the neoliberal idea in the EU? The subject of the study is the growth of supranational economic regulation in the EU. Using general scientific methods, historical, comparative analysis and abstraction, a schematic representation of the classical market model and the EU model (European model) is given, with the designation of common and special reference elements that ensure economic efficiency. The author describes the three stages of the formation of the European model. It is concluded that the EU's regulatory activities are neoliberal in nature. It is aimed at using market leverage, and the model itself retains a margin of stability. The author argues that the current stage started in 2000 is a stage of a smart neoliberal model formation.

Penerapan pertanian perkotaan untuk penguatan ketersediaan ruang terbuka hijau privat pada kota produksi penghasil minyak bumi di Duri Indonesia

Ministry of National Development Planning (PPN) / National Development Planning Agency (Bappenas), the Republic of Indonesia stated that Indonesia is committed to the environment in 2045 with a program towards Indonesia's Green Economy marked by a 41% reduction in emissions. The existence of green open space (GOS) is an important factor in supporting the ecological sustainability of a city, The role of GOS in addition lies in improving temperature and humidity also found in the reduction of CO2 emissions. The main purpose of this research is to plan an integration strategy between GOS and the Urban Agriculture Program. in Duri City, Bengkalis Regency, Riau Province, which is one of the petroleum producing cities in Indonesia. The method of this research using GIS-AHP approach. The strategy action consists of environmental, economics and social commitments are maintained for development sustainability by implementing green technology, green economic regulation and strengthening the green community movement. The main result of research prove that strategic integration of GOS Privat with Urban Agriculture Program u in Duri City contributes GOS Private availability of 14,134%, so that gos private has exceeded the requirement limit of at least 10% based on the mandate of the Spatial Arrangement Act, Republic of Indonesia.