scholarly journals INFLUENCE OF INTERNAL AND EXTERNAL FACTORS ON THE STRUCTURAL CHANGES OF NATIONAL ECONOMY: AN EXAMPLE OF UKRAINE

2021 ◽  
Vol 19 (02) ◽  
pp. 244-271
Author(s):  
Uliana Nikonenko ◽  
Olena Khalina ◽  
Yanina Kazyuk ◽  
Viktor Paliukh ◽  
Serhiy Shevchenko
Keyword(s):  
Economic Policy ◽  
National Economy ◽  
Structural Changes ◽  
Raw Materials ◽  
Policy Research ◽  
Mathematical Methods ◽  
Export Sector ◽  
Current State ◽  
The Future ◽  
Key Indicators

Purpose – the purpose of our article is to study structural changes in the national economy using a portfolio model of sectors with different returns and, on this basis, processing the methodology for identifying the current state and instrumental factors of economic policy. Research methodology – the methodology of empirical research includes methods of grouping, abstraction, comparison, systems analysis, synthesis and generalization, graphical methods and regression analysis. To analyze the nature of the relationship between the index of structural changes and the dynamics of GDP, which determines the comparative profitability of the resource and non-resource sectors and the current position of the current structure relative to the equilibrium value, we used error-corrected models (ECMs). Findings – using regression models with error correction, a favourable long- and short-term relationship between structural changes in favour of non-resource exports and Ukraine’s GDP has been empirically confirmed. Using the index of structural changes, considering the ratio of raw materials and non-raw materials exports, the necessity of applying administrative measures is substantiated. Research limitations – the study concerned mainly the national economy of Ukraine, but in the future, attention should be paid to the application of the results of our study in other countries of Eastern Europe. In the future, the results obtained can be adapted for other countries of the world. The research was based on the use of specific mathematical methods, and not all mathematical possibilities were used. Practical implications – the model can be used in the practical activities of state economic structures In the future, it is possible to change key indicators and further expand the field of use of the model. Originality/Value – the novelty of the study lies in the development of a methodology for identifying the current state and instrumental factors of economic policy that can speed up economic growth based on favourable structural shifts (in favour of the non-resource export sector).

Conference Reports

2005 ◽  
Vol 55 (2) ◽  
pp. 223-234
Author(s):  
Edin Mujagic ◽  
Dóra Győrffy ◽  
László Jankovics
Keyword(s):  
Economic Policy ◽  
European Association ◽  
Policy Research ◽  
Conference Report ◽  
Annual Conference ◽  
Summer Institute ◽  
The West ◽  
The Future ◽  
Economic Studies ◽  
The Eu

EMU Enlargement to the East and the West CEPR/ESI Conference. Report of the 8th annual conference of the Centre for Economic Policy Research (CEPR) and the European Summer Institute (ESI) held in September 2004 in Budapest, Hungary. (Conference report by Edin Mujagic); Dilemmas around the future enlargement of the EU-EACES Conference. The European Association for Comparative Economic Studies (EACES) held its 8th biannual conference at the Faculty of Economics in Belgrade on September 23-25, 2004. (Conference report by Dóra Gyõrffy and László Jankovics)

scholarly journals Impact of Covid-19 on the budget security of the national economy: a forecast for Ukraine

2020 ◽  
Vol 9 (1) ◽  
pp. 25-33
Author(s):  
Victoria Strilets ◽  
Olha Prokopenko ◽  
Volodymyr Orlov
Keyword(s):  
National Economy ◽  
World Bank Group ◽  
Tax Legislation ◽  
Current State ◽  
Current Context ◽  
Bank Group ◽  
Security Indicators ◽  
Key Indicators ◽  
Methodological Aspects ◽  
The Impact

Nowadays, it is necessary to consider the impact of the COVID-19 pandemic on the state of the national economy, in particular on the budget system. This paper examines the essence of budget security and identifies the key threats to budget security in the current context. The methodological aspects of calculating Ukraine’s budget security key indicators (their list, criteria for the use of weighting factors, range of characteristic values of budget security levels) are investigated and their state in 2015–2019 is assessed. The influence of quarantine measures on the level of budget security in Ukraine is determined. Analysis of the current state of budget security and development prospects of Ukraine, determined by the Ministry for Development of Economy, Trade and Agriculture of Ukraine, the International Monetary Fund and the World Bank Group, made it possible to predict Ukraine’s budget security indicators for 2020–2021 and define prospects for changing budget security of Ukraine until 2024. Based on the results of forecasting, the need was identified for planning and implementing urgent anti-crisis measures in the field of managing the country’s budget security, as well as ensuring the consistency of the norms of budget and tax legislation in integration with effective measures to support the socio-economic environment of Ukraine.

scholarly journals EVALUATION OF DYNAMICS AND STRUCTURE OF TAX BUDGET FORMATION SOURCES IN UKRAINE

2019 ◽  
pp. 133-143
Author(s):  
В. В. Мартиненко
Keyword(s):  
Detailed Analysis ◽  
National Economy ◽  
Structural Changes ◽  
The Other ◽  
Tax System ◽  
Current State ◽  
Effi Ciency ◽  
Indirect Taxes ◽  
The One ◽  
Budget Revenue

The current state of the national economy development of our country raises the urgent need for a detailed analysis of the practical principles of the budget revenue formation. It was found that the excess of the level of total revenues growth to the consolidated budget of Ukraine from indirect taxes on the revenues from direct taxes has caused the structural changes in the tax sources of the state fi nancial resources formation – the increase in the indirect taxes share by 13.8 % and the reduction of the direct taxes share – by 7.6 %. The article proves that the evaluation of the dynamics and structure of tax sources budget formation is important, since, on the one hand, its results refl ect the tax system effi ciency, and, on the other hand, the level of income redistribution in the economy.

scholarly journals METHODOLOGICAL BASIS OF MANAGING THE SECTORAL STRUCTURE OF THE ECONOMY

2021 ◽  
Author(s):  
Olga Sokolova
Keyword(s):  
Economic Development ◽  
Structural Change ◽  
National Economy ◽  
Structural Changes ◽  
Raw Materials ◽  
Methodological Approach ◽  
The State ◽  
Structural Policy ◽  
Sectoral Structure ◽  
Role Of The State

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.

scholarly journals ANALYSIS OF INSTITUTIONAL FACTORS AS PART OF THE COMPONENT OF ECONOMIC FREEDOM AS A BACKGROUND OF IMPROVEMENT OF STRUCTURAL PROPORTIONS IN THE CONTEXT OF IMPROVING GOVERNANCE

2020 ◽  
Vol 18 (2) ◽  
pp. 206-225
Author(s):  
Uliana Nikonenko ◽  
Tetyana Medynska ◽  
Oleksandr Bilotskyi ◽  
Mariia Baran ◽  
Inna Shevchuk
Keyword(s):  
Economic Freedom ◽  
Structural Changes ◽  
Raw Materials ◽  
Institutional Factors ◽  
Mathematical Methods ◽  
Analysis And Synthesis ◽  
Economic Freedom Index ◽  
General Scientific ◽  
Investment Process ◽  
Practical Implications

Purpose – the main purpose of the study is to analyze the institutional factors that are usually considered as components of economic freedom, as well as to assess the level of economic freedom as a prerequisite for improving structural proportions and stimulating the investment process in an economy with excess raw materials sector (such as Ukraine). Research methodology – the methodological basis is a system of complementary mathematical, general scientific and special methods, in particular system-structural comparison of retrospective, diagnostics and mathematical methods of studying possible dependence, general methods of analysis and synthesis, etc. Findings – the main result of the study is that increasing the degree of economic freedom in Ukraine contributes to structural shifts in favour of non-resource exports. Research limitations – our assessment methodology does not take into account the specifics of most European countries and is mainly aimed at countries of Eastern Europe so far. Practical implications – our proposed methodology for assessing the dependence of structural changes in a country’s exports on the economic freedom index IEF can be used in the practice of public administration in countries of such countries as Ukraine and others. Originality/Value – a proposed method for estimating the dependence of structural changes in Ukrainian exports on the IEF Index of Economic Freedom.

scholarly journals Theoretical and applied aspects of restructuring the national economy of Ukraine

2019 ◽  
Vol 3 (1) ◽  
pp. 75-82
Author(s):  
Viktor Halasiuk
Keyword(s):  
Economic Policy ◽  
Industrial Policy ◽  
National Economy ◽  
Structural Changes ◽  
Developed Countries ◽  
Economic Thought ◽  
Export Credit ◽  
Stage Of Development ◽  
Joint Application ◽  
Economic Ideology

Introduction. The article deals with problems and consequences of the Ukrainian economy deindustrialization under the neoliberal paradigm dominance in government's economic policy. The problems of deindustrialization in transition economies during the period of postindustrial transformation in developed countries and the neoliberal economic thought dominance has so far been overlooked. The subject-matter of the study is structural shifts caused by deindustrialization and diversification of the economy. The methodological principles of research involve joint application of a set of well-known common scientific methods as well as special research methods in economics, such as retrospective analysis method to investigate the origin of modern neoliberal economic doctrines. Aim and tasks. The purpose of the article is to distinguish the fundamental differences in structural changes in the economy of Ukraine and developed countries and to identify key areas for restructuring the domestic economy on the basis of modernization and reindustrialization policy. Results. The fundamental differences between dramatic reduction of the industrial sector share in the Ukrainian economy and economy diversification with a relative decrease in the share of industry that occurs in mature economic systems under transition to the postindustrial stage of development are revealed. It’s proved that formal signs of a transition to a postindustrial society may reflect diametrically opposed trends of economic development. A critical analysis of the theoretical postulates of economic thought that underlies leading international organizations’ cooperation with individual countries is conducted. It’s argued that neoliberal economic paradigm relies on abstract, sterile, and unfeasible hypotheses based on ideology, not the experience of successful structural transformations. Key areas of Ukraine's economic policy transformation include a set of tools of budget, infrastructure, tax, customs and foreign trade policies to ensure structural changes in output and export. It’s argued that such measures, as introducing a local component criterion in public procurements, free connection of industrial objects to engineering networks, tax incentives for industrial park residents, barriers to raw materials exports, revision of Ukraine’s obligations under WTO, launching of an export-credit agency, deploying a network of official trade missions in key partner countries, etc., will trigger reindustrialization of Ukrainian economy. Conclusions. Implementation of a full-fledged industrial policy in developing countries is hampered by the rule of neo-liberal economic ideology, which denies the possibility of effective state governance of structural changes in the national economy. The article puts forward a critical view on the mainstream economic ideology and discusses its destructive impact on the Ukrainian economy that is worth to be introduced in masters’ graduation programs in economics. Implementation of author’s recommendations on reforming governmental economic and industrial policy is a basis for launching reindustrialization processes in the Ukrainian economy.

scholarly journals TRADE AND ECONOMIC POLICY IN THE CONDITIONS OF HYBRIDIZATION OF INTERSTATE CONFLICTS

2020 ◽  
Vol 113 (6) ◽  
pp. 4-22
Author(s):  
MAZARAKI Anatoliy ◽  
KALYUZHNA Nataliya
Keyword(s):  
Economic Policy ◽  
Foreign Trade ◽  
Economic Losses ◽  
Mathematical Methods ◽  
Management Tools ◽  
Promising Direction ◽  
Economic Relations ◽  
Current State ◽  
Force Majeure ◽  
Interstate Conflicts

It is established that an important base for interstate confrontation and a promising direction for the development of the concept of hybridity are trade and economic relations between the opposing parties. Based on the analysis of the current state and dynamics of interstate conflicts of varying intensity, the priorities of trade and economic policy of the state in a hybrid confrontation are defined on the following aspects: macroeconomic, sectoral, international, foreign trade, force majeure. The necessity of active use of economic-mathematical methods and management tools for estimation and forecasting the economic losses of the parties of hybrid confrontation is indicated.

scholarly journals The Perspective Directions of Diversification Activity of the Oil and Fat Sector Enterprises

2021 ◽  
Vol 9 (524) ◽  
pp. 164-169
Author(s):  
O. M. Orlenko ◽  
Keyword(s):  
National Economy ◽  
Raw Materials ◽  
Decisive Role ◽  
Biofuel Production ◽  
Oil Processing ◽  
Current State ◽  
Oilseed Processing ◽  
Priority Direction ◽  
Production Capacities ◽  
Foreign Enterprises

The article proves the decisive role of the oil and fat sector for the national economy. The current state of activity of processing enterprises of oil and fat industry allows to state that extensive directions of growth and development are almost exhausted for them, since there is already a tendency to exceed existing production capacities every year compared to available volumes of raw materials for processing. This is a consequence of an increase in the volume of oilseeds exports while at the same time insufficient capacity of production capacities of processing oilseeds enterprises. One of the measures that can partially solve this problem is the use by enterprises of the domestic oil and fat sector of such direction of development as diversification of production. Although it is advisable to note the presence of certain differences in the use of diversification between Ukrainian and foreign enterprises. The use of kinship diversification at oil and fat enterprises is associated with the transition from mono structural forms of technological lines of plants to the universal ones capable of working with various types of raw materials. One of the promising areas of diversification for domestic enterprises of the oil and fat complex is the market of oilseeds processing products, where only several companies currently operate. Also, the priority direction of diversification of the activities of oil processing enterprises can be the production of such a refining product as phosphate concentrate. Significant potential and reserve for the development and expansion of oilseed processing enterprises lies in the intensification of biofuel production, in particular the production of pellets. Also, an additional direction of diversification of activities of enterprises that produce and use pellets for their own needs can be the production of thermal energy, which is aimed not only at providing their own technological needs, but also at providing such services to others. Thus, by diversifying its activities, oil and fat enterprises are able not only to improve their technical and economic performance, but also to intensify and stimulate the further development of enterprises of other related and connected sectors of the national economy, accelerating their modernization and more harmonious integration into the global economic space.

Modernization of Russian Economy: Radical Improvement of Investment Climate (The Economic Report of All-Russia Public Organization "Delovaya Rossiya")

2010 ◽  
pp. 68-89
Author(s):  
. Delovaya Rossiya (Business Russia)
Keyword(s):  
Innovation Policy ◽  
Raw Materials ◽  
Regional Level ◽  
Public Organization ◽  
Investment Climate ◽  
Economic Report ◽  
Russian Economy ◽  
Current State ◽  
Regional Authorities

The repot considers the current state of the Russian economy, analyzes the drawbacks of the functioning export-raw materials model of its development. The necessity of its changing on the basis of improving the investment climate on the regional level is noted. Corresponding measures on behalf of federal and regional authorities are formulated as well as the directions of innovation policy aimed at modernizing the Russian economy. The conclusion is made that private non-raw materials business should become the main agent of modernization in our country.

The perspective planning under NEP

2019 ◽  
pp. 149-159
Author(s):  
Yury M. Goland
Keyword(s):  
Economic Policy ◽  
National Economy ◽  
Planning Process ◽  
New Economic Policy ◽  
Political Factors ◽  
Perspective Planning ◽  
Sharp Criticism

The article reviews the implementation of the perspective planning in the USSR during the period of the New Economic Policy — NEP, from methodological discussions to the development of five-year plans — sectoral and for the entire national economy. The article analyzes the discussion of the proposal of the first five-year plan submitted by S. Strumilin at the congress of planning bodies in March, 1927. It is shown that the sharp criticism of this plan for being imbalanced by the leading economists of the country, in particular, V. Bazarov and N. Kondratiev, is valid. The author points out the influence of political factors on the planning process. The popular cliche that the forced industrialization in the five-year plan was necessary to prepare for the war is refuted.

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