Financial factors for restraining the underground economy: case of Ukraine

O. Pidkhomnyi, M. Rubakha
{"title":"Financial factors for restraining the underground economy: case of Ukraine","authors":"O. Pidkhomnyi, M. Rubakha","doi":"10.21511/ed.19(2).2020.01","DOIUrl":null,"url":null,"abstract":"The underground economy in Ukraine is one of the major obstacles on the way to accelerative economic growth and European integration processes. The high level of undergrounding leads to the weakening of the regulatory impact of fiscal and monetary policy instruments on the development of the national economy. Against this background, the financial and economic processes undergrounding is a major challenge and a top priority problem for Ukraine today. The article aims to determine the financial levers to restrict economy’s undergrounding and justify measures to reduce the risk of undergrounding by certain monetary and budgetary parameters regulation. The research methodological basis is the methods of scientific abstraction, induction, deduction, generalization, logical method. For analytical calculations there are used coefficient analysis, mathematical methods, including correlation analysis, comparison and grouping methods, synthesis, tabular and graphical methods. The Ukraine underground economy is selected as the study object example with this methods’ system using. Therefore the study, based on the calculation of the Fechner correlation coefficient, has revealed the presence, closeness and direction of the relationship between monetary indicators (values of changes in monetary aggregates M0, M2 and M3, CPI, changes in the official hryvnia rate to the US dollar), budgetary parameters (changes in intergovernmental transfers, changes in external public debt, taking into account inflation) and the underground economy level. Thus, according to the results of the analysis, the main directions of the relevant regulatory bodies influence on the national economy unshadowing have been determined.","PeriodicalId":33449,"journal":{"name":"Ekonomika rozvitku","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2020-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Ekonomika rozvitku","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.21511/ed.19(2).2020.01","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

The underground economy in Ukraine is one of the major obstacles on the way to accelerative economic growth and European integration processes. The high level of undergrounding leads to the weakening of the regulatory impact of fiscal and monetary policy instruments on the development of the national economy. Against this background, the financial and economic processes undergrounding is a major challenge and a top priority problem for Ukraine today. The article aims to determine the financial levers to restrict economy’s undergrounding and justify measures to reduce the risk of undergrounding by certain monetary and budgetary parameters regulation. The research methodological basis is the methods of scientific abstraction, induction, deduction, generalization, logical method. For analytical calculations there are used coefficient analysis, mathematical methods, including correlation analysis, comparison and grouping methods, synthesis, tabular and graphical methods. The Ukraine underground economy is selected as the study object example with this methods’ system using. Therefore the study, based on the calculation of the Fechner correlation coefficient, has revealed the presence, closeness and direction of the relationship between monetary indicators (values of changes in monetary aggregates M0, M2 and M3, CPI, changes in the official hryvnia rate to the US dollar), budgetary parameters (changes in intergovernmental transfers, changes in external public debt, taking into account inflation) and the underground economy level. Thus, according to the results of the analysis, the main directions of the relevant regulatory bodies influence on the national economy unshadowing have been determined.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
制约地下经济的金融因素:以乌克兰为例
乌克兰的地下经济是加速经济增长和欧洲一体化进程的主要障碍之一。高度的地下化导致财政和货币政策工具对国民经济发展的监管影响减弱。在这种背景下,金融和经济进程是一个重大挑战,也是当今乌克兰的首要问题。本文旨在确定限制经济下行的金融杠杆,并通过一定的货币和预算参数调节来证明降低下行风险的措施是合理的。研究方法论基础是科学的抽象、归纳、演绎、概括、逻辑方法。对于分析计算,有使用系数分析、数学方法,包括相关性分析、比较和分组方法、综合、表格和图形方法。以乌克兰地下经济为研究对象,运用该方法的系统。因此,该研究基于费什内尔相关系数的计算,揭示了货币指标之间关系的存在、密切程度和方向(货币总量变化值M0、M2和M3、CPI、官方格里夫纳对美元汇率的变化),预算参数(政府间转移的变化、外部公共债务的变化,考虑到通货膨胀)和地下经济水平。因此,根据分析结果,确定了相关监管机构影响国民经济发展的主要方向。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
自引率
0.00%
发文量
1
审稿时长
7 weeks
期刊最新文献
Determining priorities for Ukraine’s post-war reconstruction in the conditions of preparation for EU membership Scientific and methodological principles of organizational capital management and its assessment Risk factors determination of enterprise external and internal environment during project implementation Identifying patterns of interest in the topic of managing equity capital of the enterprise Use of creative marketing in the implementation of enterprise strategy
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1