scholarly journals Econometric Models of Structural Shifts of the Economy of the Kyrgyz Republic

2021 ◽  
Author(s):  
Kalybek Choroev

One of the urgent problems of economic development in the Kyrgyz Republic is overcoming structural imbalances. This article is devoted to the analysis and econometric modeling of the problems of overcoming structural imbalances in economic development. Methods for analyzing structural changes in the national economy using an econometric model based on a production function are proposed. The necessity of developing a three-sector model based on the production function has been substantiated. Analyzed the state of socio-economic development, the state of the investment climate in the Kyrgyz Republic. Currently, one of the most difficult problems of economic reforms in countries with economies in transition is that they are faced with the task of overcoming complex structural imbalances in the economic system inherited from the planned economy of the past. Ensuring sustainable balanced economic development of the country is an urgent task. For the accelerated development of the national economy of the country, the main goal is to optimize the intersectoral and intra-sectoral distribution of resources. In a transitional economy, the market mechanism cannot provide the desired scheme for the intersectoral allocation of resources of the national economy. The government of the country must take into account the existence of economic imbalances at the macro level and in the future, it is necessary to coordinate the distribution of foreign investment resources at the state level. Optimization measures should be aimed at identifying economic imbalances at an early stage and taking measures to resolve them in a timely manner.

Author(s):  
Olga Sokolova

The article substantiates that the scientific research of any phenomenon or process is carried out in a certain sequence using a certain set of methods that depend on the direction and purpose of this study and determine its methodology. Methodology unites the object of research into a single whole with the help of structure, logic, principles, methods, tools and forms of scientific knowledge. The methodological bases of management of sectoral structure of economy are considered and concretized. All components of the methodology of management of the sectoral structure of the economy are grouped into three blocks: conceptual-essential, functional and effective, which are closely interconnected and interdependent. The methodological approach involves the justification of the purpose and priority sectoral objectives at the appropriate stage of economic development, principles and mechanisms. When setting the goal, it is necessary to synchronize the priority sectoral tasks and priorities of economic development with the available resource opportunities of the national economy. To achieve this goal, tasks based on the concepts of structural change, innovation and inclusive growth were formulated. It is proved that the change in the proportions of the sectoral structure of the economy is a consequence of structural changes. Structural changes are a consequence of the emergence of new sources of raw materials, products, production methods, the development of new markets, changes in the market situation in general. The interconnected processes of structural change that follow or are accompanied by economic development are called structural transformation. The main methodological principles of the system approach in the study of the sectoral structure of the economy are highlighted. The subjects of management of the sectoral structure are considered, the mechanisms and tools of influence on the structural processes in the national economy are characterized. It is proved that the management of the sectoral structure of the economy is the content of the state structural policy. Structural policy is a broader concept and includes sectoral, sectoral and industrial policies. The greater the sectoral structure of the economy, the greater the role of the state in managing these processes.


2021 ◽  
pp. 4-12
Author(s):  
Taras G. Vasyltsiv ◽  
Yaroslav M. Antonyuk ◽  
Yaroslav P. Berezivskyi

The purpose of the article is to identify shortcomings and substantiate the directions of the state policy to intensify the development of bank lending in the context of overcoming financial imbalances and ensuring structural reform of the national economy of Ukraine. Methods. The research is based on general scientific methods and approaches, system approach, general logical research methods (analysis, synthesis, generalization and comparison), the method of strategic management. Results. The article shows the conceptual relationship between bank lending to the economy and economic growth along with a structural economic reform. The key indicators of volumes, structure and tendencies of bank lending development, as well as measures of distribution of bank lending to the economy are analysed. Conclusions concerning sufficiency of bank lending for its proper contribution to the development of the real sector of the national economy are made. The current research describes the shortcomings of the structure of Ukraine’s economy formed at the current stage of socio-economic development of the country, which, in fact, are systemic obstacles to the restoration of economic growth and modernization of the social sphere of Ukraine. Strategic directions and means of the state policy for bank lending development are identified. Their implementation is supposed to intensify the bank lending to the economy and the consumer sector, on the one hand, and provide a positive impact of these processes on intensifying structural changes in the national economy, on the other hand. The structural scheme of reforming the institutional and legal mechanism of the state policy for bank lending development in Ukraine has been developed. The expected structural changes in the system of the national economy are determined, on which the development of bank lending in Ukraine is focused. Practical contribution. The implementation of the proposed measures at the level of the National Bank of Ukraine and the Ministry of Economic Development, Trade and Agriculture of Ukraine will stimulate banks, on the one hand, and businesses, on the other hand, to increase bank lending to the economy, in particular in those sectors having a positive effect on the key structural characteristics of the economy, such as development of strategic industries, de-shadowing, growth of innovation activity, the overall strengthening of the economic competitiveness. Prospects for further research. The obtained results are the basis for modelling and forecasting the implications for the state policy for intensification of bank lending and providing necessary structural changes in the national economy.


Liquidity ◽  
2018 ◽  
Vol 1 (2) ◽  
pp. 142-152
Author(s):  
Mukhaer Pakkanna

Political democracy should be equivalent to the economic development of the quality of democracy, economic democracy if not upright, even the owner of the ruling power and money, which is parallel to force global corporatocracy. Consequently, the economic oligarchy preservation reinforces control of production and distribution from upstream to downstream and power monopoly of the market. The implication, increasingly sharp economic disparities, exclusive owner of the money and power become fertile, and the end could jeopardize the harmony of the national economy. The loss of national economic identity that makes people feel lost the “pilot of the state”. What happens then is the autopilot state. Viewing unclear direction of the economy, the national economy should clarify the true figure.


2019 ◽  
Vol 39 (2) ◽  
pp. 196-205
Author(s):  
N. V. Firov

A comparative analysis of the prices of raw materials, fuel, electricity in Russia and Western countries, the dynamics of their growth and impact on the national economy. It is shown that in the interests of the country's economic development and improving the welfare of the population, it is necessary to use its natural resources more effectively, to pursue a more stringent and at the same time balanced policy to curb the growth of prices, taking into account the interests of the state and business.


1990 ◽  
Vol 4 (3) ◽  
pp. 3-7 ◽  
Author(s):  
Pranab Bardhan

The role of the state in economic development is one of the oldest topics in economics, yet controversies rage with similar passion and camps are divided on lines today broadly similar to the early writings. Though the authors of the papers in this symposium present different views, they all refuse to pose the question as a simple choice between the market mechanism and state intervention. Larry Westphal and Albert Fishlow evaluate the South Korean and the Latin American experience, respectively, in their essential complexity. Mrinal Datta-Chaudhuri draws upon a comparative study of the Indian and East Asian cases to bring out the contradictions and complementaries in the relationship between the state and the economy. Anne Krueger's paper reflects on how the comparative advantages and disadvantages of state action flow from its organizational and incentive characteristics.


Author(s):  
Оlena Golovnya ◽  
Iryna Kinash

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.


2019 ◽  
pp. 167-175
Author(s):  
Inna Shevchuk

The article is devoted to the actual issues of determining the role of national interests in ensuring the economic security of the state. Established in the field of economic security, the priority national interest is the development of the national economy and the growth of the welfare of citizens. The researchers' views on the definition of the concept of «national interests» are researched and generalized that national interests are a systemic, synergetic concept that reflects the vital values of the Ukrainian people as the bearer of sovereignty and the sole source of power in Ukraine, the defining needs of society and the state, the realization of which guarantees state sovereignty of Ukraine and its progressive development. It is noted that national interests are realized through state interests, where the population of the country acts as the subject of interests, and the state through the state institutions implements and protects these interests. The main components of national interests include the provision of military-political sovereignty, economic well-being and cultural needs of the population. The military-political, socio-economic situation in Ukraine and the impact of globalization processes have made it possible to formulate a number of national interests, including: protection of state sovereignty; ensuring economic stability through self-sufficiency, stability and competitiveness of the national economy; polyvectorality of the country's foreign policy and the establishment of Ukraine as a reliable international partner; creation of conditions for the development of the spirituality of the population, improvement of the physical health of the nation; preservation of intellectual and scientific potential of the country, regulation of the issue of youth mobility. It has been proved that democratization processes require the involvement of citizens and civil society institutions in this process in order to form national interests through the maximum coverage of all spheres of society's life for the protection of human rights and citizen and acceleration of socio-economic development and modernization of the national economy. The most acute threats to national interests in the field of national and economic security are formulated. It is summarized that in the field of economic security, national interests reflect the vector of economic development of the state, its aspirations for economic independence and the effective use of economic benefits.


Author(s):  
Svitlana Onyshchenko ◽  
Alina Hlushko ◽  
Oleksandra Maslii

The article addresses the problem of increasing the national economy energy efficiency level. Analysis of the regulatory framework for the implementation of state policy towards ensuring energy efficiency of the Ukrainian economy is carried out. A dynamic analysis of a number of indicators for the state economic development in the context of determining the state and potential of energy efficiency of the national economy is characterized. A low degree of practical implementation of state measures on energy conservation and energy efficiency is noted. The main factors of restraining the national economy energy efficiency development are identified and a number of measures to increase its level are suggested.


2019 ◽  
Vol 5 (4) ◽  
pp. 92
Author(s):  
Andrii Holovach ◽  
Dmytro Pryputen

The purpose of the article is to analyse the current state of the economy, to consider the positive and negative tendencies that stand in the way of further economic growth, and to determine on this basis an effective strategy of economic development in the innovation sphere. The subject of scientific research is innovative approaches in the economic sphere. Methodology. Based on the scientific literature analysis of the current economic situation, strategic priorities and goals of economic development were determined, as well as the dialectical method, method of scientific abstraction, methods of system analysis were used. The results of the research showed that there are a number of key economic problems that slow down the development of the national economy for the implementation of international experience in the development of the national economy. At the same time, Ukraine is trying to overcome the negative trends of the economic crisis by carrying out reforms and adopting appropriate strategies for joining the EU. It has now been found that a complex structural transformation of the economy is needed in order to increase the specific gravity of the high-tech and innovative sectors. Practical implications. The complex analyses of the state and the determinant tendencies of economic development according to the threats and risks including the crisis processes in the modern world were carried out. Determination of the basic principles for formulating and implementing economic development strategy based on coordination of strategic priorities and strategic goals of the EU and the necessity to reform the economic sector in order to develop longterm economic spheres. Value/originality. The realized research revealed the state of development of the economic system, as well as further development of identifying perspective trends of the economy, was received.


2021 ◽  
Vol 10 (525) ◽  
pp. 38-43
Author(s):  
O. P. Mulska ◽  

The information and analytical provision of migration mobility empiricism in Ukraine, the effectiveness of the implementation of the State policy of managing migration processes is not formed to the full extent, and the existing one is of poor quality; in addition, there is no methodological algorithm for the implementation of migration monitoring. The elimination of this shortcoming requires the development of a new model for monitoring migration mobility, which should be based on a three-level accounting of migration processes (national, regional and local), taking into account the peculiarities of the course of migration processes and the structural characteristics of both external and internal migration. The article is aimed at improvnig the system of monitoring migration mobility in the projection of socio-economic development of the State in order to build an information and analytical base of the empiricism of influence on human potential. The article proposes a model of systematic monitoring of migration mobility, its information-analytical and institutional-organizational provision is substantiated. Monitoring of migration mobility on the basis of a systematic approach allows to: implement three-level accounting of emigration, immigration flows, processes of acquisition and termination of citizenship, money transfers of migrants; cluster the country’s territories according to the criteria of differentiated socio-economic development and financial imbalances; guarantee flexible control of structural changes in migration processes based on the construction of migration profile and determination of the potential of territories. The implementation of monitoring of migration mobility will allow to simulate the intensity of external migration, taking into account changes in the level of socio-economic development, to determine the effectiveness of the implementation of the current policy of managing migration processes on the part of the State.


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