Suchergebnisse

Government's role in promoting the country's economy remains a relevant issue both in academics and politicians debates. Not only for individual countries but also for the European Union as a whole the promotion of high value-added activities, in particular in lower development small open economies which hardly recover from external economic shocks and experience significant social problems due to high unemployment level remains a relevant issue. The country's competitiveness and level of development, as well as the country's economy growth, depend on high value-added investment growth, and both private and public investments play a significant role in economy of each country. Government's role, in particular through the fiscal policy, in the promotion of these activities is crucial. The prevailing view in the scientific literature is that in developed countries public investment crowds out private investment, while in developing – crowds in, but it is not clear under what conditions these effects occur because the countries are very different. Also the effect of the taxes revenues and the government expenditure indicators on private investment is unclear because the effect of these variables on private investment has not been studied comprehensively. So the aim of the research is to evaluate the relationship between fiscal policy indicators, such as the government revenues from taxes and the government expenditure, and private investment comprehensively including indicators of macroeconomic environment in the Baltic States, by applying correlation and regression analysis. [.]

Government's role in promoting the country's economy remains a relevant issue both in academics and politicians debates. Not only for individual countries but also for the European Union as a whole the promotion of high value-added activities, in particular in lower development small open economies which hardly recover from external economic shocks and experience significant social problems due to high unemployment level remains a relevant issue. The country's competitiveness and level of development, as well as the country's economy growth, depend on high value-added investment growth, and both private and public investments play a significant role in economy of each country. Government's role, in particular through the fiscal policy, in the promotion of these activities is crucial. The prevailing view in the scientific literature is that in developed countries public investment crowds out private investment, while in developing – crowds in, but it is not clear under what conditions these effects occur because the countries are very different. Also the effect of the taxes revenues and the government expenditure indicators on private investment is unclear because the effect of these variables on private investment has not been studied comprehensively. So the aim of the research is to evaluate the relationship between fiscal policy indicators, such as the government revenues from taxes and the government expenditure, and private investment comprehensively including indicators of macroeconomic environment in the Baltic States, by applying correlation and regression analysis. [.]

Government's role in promoting the country's economy remains a relevant issue both in academics and politicians debates. Not only for individual countries but also for the European Union as a whole the promotion of high value-added activities, in particular in lower development small open economies which hardly recover from external economic shocks and experience significant social problems due to high unemployment level remains a relevant issue. The country's competitiveness and level of development, as well as the country's economy growth, depend on high value-added investment growth, and both private and public investments play a significant role in economy of each country. Government's role, in particular through the fiscal policy, in the promotion of these activities is crucial. The prevailing view in the scientific literature is that in developed countries public investment crowds out private investment, while in developing – crowds in, but it is not clear under what conditions these effects occur because the countries are very different. Also the effect of the taxes revenues and the government expenditure indicators on private investment is unclear because the effect of these variables on private investment has not been studied comprehensively. So the aim of the research is to evaluate the relationship between fiscal policy indicators, such as the government revenues from taxes and the government expenditure, and private investment comprehensively including indicators of macroeconomic environment in the Baltic States, by applying correlation and regression analysis. The conducted research revealed the existence of strong direct relationship between the fiscal policy indicators and private investment in the Baltic States, showing the importance of fiscal policy to private investment. During the analysis of detailed tax and expenditure indicators it has been established that the strongest relationship exists between the current taxes on income, wealth, etc and public investment with private investment. The ...

Government's role in promoting the country's economy remains a relevant issue both in academics and politicians debates. Not only for individual countries but also for the European Union as a whole the promotion of high value-added activities, in particular in lower development small open economies which hardly recover from external economic shocks and experience significant social problems due to high unemployment level remains a relevant issue. The country's competitiveness and level of development, as well as the country's economy growth, depend on high value-added investment growth, and both private and public investments play a significant role in economy of each country. Government's role, in particular through the fiscal policy, in the promotion of these activities is crucial. The prevailing view in the scientific literature is that in developed countries public investment crowds out private investment, while in developing – crowds in, but it is not clear under what conditions these effects occur because the countries are very different. Also the effect of the taxes revenues and the government expenditure indicators on private investment is unclear because the effect of these variables on private investment has not been studied comprehensively. So the aim of the research is to evaluate the relationship between fiscal policy indicators, such as the government revenues from taxes and the government expenditure, and private investment comprehensively including indicators of macroeconomic environment in the Baltic States, by applying correlation and regression analysis. [.]

Government's role in promoting the country's economy remains a relevant issue both in academics and politicians debates. Not only for individual countries but also for the European Union as a whole the promotion of high value-added activities, in particular in lower development small open economies which hardly recover from external economic shocks and experience significant social problems due to high unemployment level remains a relevant issue. The country's competitiveness and level of development, as well as the country's economy growth, depend on high value-added investment growth, and both private and public investments play a significant role in economy of each country. Government's role, in particular through the fiscal policy, in the promotion of these activities is crucial. The prevailing view in the scientific literature is that in developed countries public investment crowds out private investment, while in developing – crowds in, but it is not clear under what conditions these effects occur because the countries are very different. Also the effect of the taxes revenues and the government expenditure indicators on private investment is unclear because the effect of these variables on private investment has not been studied comprehensively. So the aim of the research is to evaluate the relationship between fiscal policy indicators, such as the government revenues from taxes and the government expenditure, and private investment comprehensively including indicators of macroeconomic environment in the Baltic States, by applying correlation and regression analysis. [.]

The article reveals scientific approaches to the creation of a roadmap for reforms based on the establishment of relevant channels for promoting innovative changes, considering international experience, which will make it possible to achieve the efficiency of the transformation processes in the national economy and accelerate the pace of its development. It was proposed to determine the relevant channels for promoting innovative changes based on the analysis of the total innovative index of countries using the econometric tools. The characteristics of the innovation implementation process in Ukraine are given according to the individual components of the total innovation index, which, according to the results of the calculation of the European Innovation Scoreboard, gives an idea of the different categories of innovators countries in terms of the degree of innovative provision of their economies. Based on the analysis of the international statistical reporting, the tendencies of the development of the innovation index in Ukraine and the European Union for the short-term period based on the Holt method are established, which allows constructing exponentially-smoothed series of each indicator, depending on the obtained predictive values of the innovative development indexes, to determine the signifi-cance of trends and generate the corresponding forecasts. The diversification methodology of regulatory measures in the management system of innovation development is developed depending on their priority in management intervention in the process of promoting innovative changes in each individual channel based on the establishment of trigonometric coefficients of linear trends of indicators in the total innovation index and their comparative combination. The matrix of management measures is formed depending on the meaningful interpretation of zones, which were obtained considering different combinations of tangent values of the slopes of linear functions of discontinuities, depending on how the positive, negative and stably balanced values were combined in terms of basic and comparative indicators. The content of measures is proposed depending on the priority of the management impact for the formation of Ukrainian roadmap for reforms, which will ensure the targeting of innovative regulatory initiatives precisely in those directions where the national economy's re-sponse to the implemented influences will be the fastest and most effective.

The article reveals scientific approaches to the creation of a roadmap for reforms based on the establishment of relevant channels for promoting innovative changes, considering international experience, which will make it possible to achieve the efficiency of the transformation processes in the national economy and accelerate the pace of its development. It was proposed to determine the relevant channels for promoting innovative changes based on the analysis of the total innovative index of countries using the econometric tools. The characteristics of the innovation implementation process in Ukraine are given according to the individual components of the total innovation index, which, according to the results of the calculation of the European Innovation Scoreboard, gives an idea of the different categories of innovators countries in terms of the degree of innovative provision of their economies. Based on the analysis of the international statistical reporting, the tendencies of the development of the innovation index in Ukraine and the European Union for the short-term period based on the Holt method are established, which allows constructing exponentially-smoothed series of each indicator, depending on the obtained predictive values of the innovative development indexes, to determine the signifi-cance of trends and generate the corresponding forecasts. The diversification methodology of regulatory measures in the management system of innovation development is developed depending on their priority in management intervention in the process of promoting innovative changes in each individual channel based on the establishment of trigonometric coefficients of linear trends of indicators in the total innovation index and their comparative combination. The matrix of management measures is formed depending on the meaningful interpretation of zones, which were obtained considering different combinations of tangent values of the slopes of linear functions of discontinuities, depending on how the positive, negative and stably balanced values were combined in terms of basic and comparative indicators. The content of measures is proposed depending on the priority of the management impact for the formation of Ukrainian roadmap for reforms, which will ensure the targeting of innovative regulatory initiatives precisely in those directions where the national economy's re-sponse to the implemented influences will be the fastest and most effective.

The article reveals scientific approaches to the creation of a roadmap for reforms based on the establishment of relevant channels for promoting innovative changes, considering international experience, which will make it possible to achieve the efficiency of the transformation processes in the national economy and accelerate the pace of its development. It was proposed to determine the relevant channels for promoting innovative changes based on the analysis of the total innovative index of countries using the econometric tools. The characteristics of the innovation implementation process in Ukraine are given according to the individual components of the total innovation index, which, according to the results of the calculation of the European Innovation Scoreboard, gives an idea of the different categories of innovators countries in terms of the degree of innovative provision of their economies. Based on the analysis of the international statistical reporting, the tendencies of the development of the innovation index in Ukraine and the European Union for the short-term period based on the Holt method are established, which allows constructing exponentially-smoothed series of each indicator, depending on the obtained predictive values of the innovative development indexes, to determine the signifi-cance of trends and generate the corresponding forecasts. The diversification methodology of regulatory measures in the management system of innovation development is developed depending on their priority in management intervention in the process of promoting innovative changes in each individual channel based on the establishment of trigonometric coefficients of linear trends of indicators in the total innovation index and their comparative combination. The matrix of management measures is formed depending on the meaningful interpretation of zones, which were obtained considering different combinations of tangent values of the slopes of linear functions of discontinuities, depending on how the positive, negative and stably balanced values were combined in terms of basic and comparative indicators. The content of measures is proposed depending on the priority of the management impact for the formation of Ukrainian roadmap for reforms, which will ensure the targeting of innovative regulatory initiatives precisely in those directions where the national economy's re-sponse to the implemented influences will be the fastest and most effective.

The article reveals scientific approaches to the creation of a roadmap for reforms based on the establishment of relevant channels for promoting innovative changes, considering international experience, which will make it possible to achieve the efficiency of the transformation processes in the national economy and accelerate the pace of its development. It was proposed to determine the relevant channels for promoting innovative changes based on the analysis of the total innovative index of countries using the econometric tools. The characteristics of the innovation implementation process in Ukraine are given according to the individual components of the total innovation index, which, according to the results of the calculation of the European Innovation Scoreboard, gives an idea of the different categories of innovators countries in terms of the degree of innovative provision of their economies. Based on the analysis of the international statistical reporting, the tendencies of the development of the innovation index in Ukraine and the European Union for the short-term period based on the Holt method are established, which allows constructing exponentially-smoothed series of each indicator, depending on the obtained predictive values of the innovative development indexes, to determine the signifi-cance of trends and generate the corresponding forecasts. The diversification methodology of regulatory measures in the management system of innovation development is developed depending on their priority in management intervention in the process of promoting innovative changes in each individual channel based on the establishment of trigonometric coefficients of linear trends of indicators in the total innovation index and their comparative combination. The matrix of management measures is formed depending on the meaningful interpretation of zones, which were obtained considering different combinations of tangent values of the slopes of linear functions of discontinuities, depending on how the positive, negative and stably balanced values were combined in terms of basic and comparative indicators. The content of measures is proposed depending on the priority of the management impact for the formation of Ukrainian roadmap for reforms, which will ensure the targeting of innovative regulatory initiatives precisely in those directions where the national economy's re-sponse to the implemented influences will be the fastest and most effective.

Станкявічене Ю., Сінявічене Л., Кошеленко В. Аналіз змін в конкурентоспроможності та податково-бюджетної політики Литви та України в контексті циклічного розвитку економіки.Проведений аналіз показує, що рівень розвиток економіки Литви вищий, ніж у України, що призводить до підвищення конкурентоспроможності Литви. Ця ситуація призвела до стійкого економічного зростання і зниження витрат на уряд. Цей показник розраховується співвідношенням державних видатків до ВВП. З метою підвищення конкурентоспроможності основних литовських і українських урядів є підвищення ефективності бюджетної політики та стабільності. Це може бути досягнуто за рахунок підвищення ефективності державних витрат, боротьби з бюрократією та корупцією.Станкявичене Ю., Синявичене Л., Кошеленко В. Анализ изменений в конкурентоспособности и налогово-бюджетной политики Литвы и Украины в контексте циклического развития экономики. Проведенный анализ показал, что уровень развития Литовской экономики выше, чем у Украины, что приводит к повышению конкурентоспособности Литвы. Такую ситуацию определил устойчивый экономический рост и снижение размера правительства, измеряемого отношением государственных расходов к ВВП. В целях повышения конкурентоспособности, главной задачей правительств Литвы и Украины являются повышение эффективности и стабильности налоговo-бюджетной политики. Это может быть достигнуто за счет повышения эффективности государственных расходов, борьбой с бюрократией и коррупцией.Stankeviciene J., Sineviciene L., Koshelenko V. The analysis of changes in competitiveness and fiscal policy of Lithuania and Ukraine in the context of cyclical development of the economy. The article evidenced that the degree of Lithuanian economy development is higher as compared to Ukraine which leads to higher competitiveness of Lithuania. Such situation was determined by more stable economic growth and reduced size of government sector which is measured by the government expenditure to GDP ratio. In order to enhance the competitiveness of Lithuania and Ukraine, the main objective of governments is to increase the effectiveness and stability of fiscal policy. This can be achieved by increasing the efficiency of public spending, reducing bureaucracy and corruption.

In the context of transition to the sustainable development actually justified and economically balanced managerial decisions are worth to be introduced into activity of the business entities. First of all, it is connected with the formation of the social standards by the Ukrainian government. Establishment of the minimum salary for the employees of the national economic complex of the country is one of the main components of these standards. This indicator influences both the increase of the population's social welfare provision level and on the economy of the economic entities, including business representatives. Research was conducted in Ukraine. The main trends of the social welfare provision of the business sector entities, including the experience of Hungary and Russia, were analyzed in this article. The main rules of the effective social welfare provision, accounting the necessities of the business environment, were formed. Economical analysis of the retrospective and predictive information about the payroll payment and payment of social contributions was made. The influence of the increase of the minimum salary on the activity of business entities, taking into account raised minimum salary, was analyzed. The regressive model of the payroll budget dependence, accounting minimum salary and social contributions' level increase, was designed. Obtained calculation results showed high level of tax burden on the business sector entities, so, organization-economic measures of tax burden decrease on the business entities were offered. They took into account minimum salary growth for their employees in the context of the transition to the sustainable development. Recommendations concerning the further scientific researches on the topic of the article were offered.

The main objective of this research is to study the role and impact of fiscal decentralization on the macroeconomic stability of the country. The paper analyzes and systematizes approaches to the definition of 'macroeconomic stability' concept. The key factors that impact macroeconomic stability are identified. In the framework of this research, the authors identify fiscal decentralization as one of the factors affecting macroeconomic stability. To determine the strength and statistical significance of the above mentioned relationship, the authors suggest presenting macroeconomic stability as a functional dependency between macroeconomic stability and the level of fiscal decentralization, which is described by the following variables: the growth rate of money supply, investment and openness of the economy, fiscal decentralization. In this case, it is suggested to determine the level of fiscal decentralization in three directions: expenditure decentralization, revenue decentralization and expenditure decentralization simultaneously.

Rapid economic reforms and proper GDP growth in China has affected the regional development of Chinese provinces. This study aims to estimate the degree of economic and environmental disparities within Chinese provinces for developing policy recommendations of regional transformation. The reduced log-linear specification of endogenous growth model is used for the estimation of convergence rates within Chinese provinces. The empirical results prove that an increase of 1% in GDP per capita basic year reduces the economic growth rate by 0.1% in the reference year. Thus, the ratio of the average per capita income in the wealthiest group to poorest provinces accounted for the factor 9.6 in 1995 and factor 4.1 in the year 2015, which means a reduction of disproportionate development. Environmental convergence trends were also found and less polluted provinces eventually increase emissions at higher rates than the initially polluted ones. With the pass of time, all provinces do move to the same steady state in environmental parameters. The speed of the economic and environmental convergence in China provinces is rather slow, and the economic growth was achieved by great sacrifices of an environment, since all provinces are striving to the same steady state in terms of pollution increase. The industrialized regions due to the presence of significant financial resources should pay more attention to the protection of the environment using all the available economic potential. At the same time, both initially poor provinces and rich have to develop more profoundly agriculture, tourism, recreation, and other environmentally friendly industries to improve economic performance.