{"title":"Labor 4.0 concept: theoretical-applicable principles of formation and development","authors":"A. Kolot, O. Herasymenko","doi":"10.15407/eip2020.01.007","DOIUrl":"https://doi.org/10.15407/eip2020.01.007","url":null,"abstract":"","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131277676","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The article examines the impact of foreign capital on the economic processes that took place in Ukraine during 2000–2019 pp. Among foreign investors, Ukraine seeks to position itself as an investment hub, in which it is profitable to invest and develop business. In some places, the impression is that foreign investment is identified with a panacea that will enable Ukraine to reach the level of development of world leaders. At the same time, the study concluded that the efficiency and quality of FDI, portfolio investment and debt capital raises considerable doubts. For 2000 and 10 months of 2019, the total net inflow of direct, portfolio foreign investments and foreign loans to Ukraine amounted to $ 185.3 billion. USA. At the same time, such a large financial resource did not become a catalyst for structural changes in the economy and the development of high-tech production. Instead, the concentration of foreign capital in certain economic activities contributed to the consolidation of the raw material orientation of this country's economy and exacerbation of domestic economic problems against the backdrop of a large influx of speculative capital. Much attention is paid to the geographical structure of foreign investments and debt capital, which testifies to the significant influence of offshore jurisdictions on the activities of domestic businesses and the formation of their behavior. Offshore capitalization is a defining feature of national business, which has become one of the main causes of the distortion of the model of Ukraine's economic development. The article focuses on the need to improve public policy on attracting foreign capital in Ukraine. In particular, it is proved that the lack of proper control over the concentration of foreign capital in certain sectors causes significant imbalances, which, under the influence of other factors, exacerbate the crisis. In view of this, it is advisable at the state level to analyze the "toxic impact" of foreign capital on structural changes in the economy and its impact on the economic security of Ukraine. The article was prepared in the framework of R&D on "Financial risks of doing business in Ukraine: non-financial corporations sector" state registration No 0118U006088.
{"title":"Impact of foreign capital on the economic development of Ukraine","authors":"V. Harkavenko, G. Yershova","doi":"10.15407/eip2020.01.047","DOIUrl":"https://doi.org/10.15407/eip2020.01.047","url":null,"abstract":"The article examines the impact of foreign capital on the economic processes that took place in Ukraine during 2000–2019 pp. Among foreign investors, Ukraine seeks to position itself as an investment hub, in which it is profitable to invest and develop business. In some places, the impression is that foreign investment is identified with a panacea that will enable Ukraine to reach the level of development of world leaders. At the same time, the study concluded that the efficiency and quality of FDI, portfolio investment and debt capital raises considerable doubts. For 2000 and 10 months of 2019, the total net inflow of direct, portfolio foreign investments and foreign loans to Ukraine amounted to $ 185.3 billion. USA. At the same time, such a large financial resource did not become a catalyst for structural changes in the economy and the development of high-tech production. Instead, the concentration of foreign capital in certain economic activities contributed to the consolidation of the raw material orientation of this country's economy and exacerbation of domestic economic problems against the backdrop of a large influx of speculative capital. Much attention is paid to the geographical structure of foreign investments and debt capital, which testifies to the significant influence of offshore jurisdictions on the activities of domestic businesses and the formation of their behavior. Offshore capitalization is a defining feature of national business, which has become one of the main causes of the distortion of the model of Ukraine's economic development. The article focuses on the need to improve public policy on attracting foreign capital in Ukraine. In particular, it is proved that the lack of proper control over the concentration of foreign capital in certain sectors causes significant imbalances, which, under the influence of other factors, exacerbate the crisis. In view of this, it is advisable at the state level to analyze the \"toxic impact\" of foreign capital on structural changes in the economy and its impact on the economic security of Ukraine. The article was prepared in the framework of R&D on \"Financial risks of doing business in Ukraine: non-financial corporations sector\" state registration No 0118U006088.","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116138236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-12-30DOI: 10.15407/econforecast2019.04.005
O. Bandura
{"title":"Economic cycle as a combination of stability and instability in economic development","authors":"O. Bandura","doi":"10.15407/econforecast2019.04.005","DOIUrl":"https://doi.org/10.15407/econforecast2019.04.005","url":null,"abstract":"","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125210655","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The article presents a brief retrospective of the origin and development of the idea of multifunctionality of agriculture in the EU countries and the world practice, granting this idea (by the UN and European Union documents) the official institutional status of a tool for formulating a policy of sustainable agricultural development and using this tool in the practice of the EU member states. The author determines the legal, financial, institutional and intellectual means of implementing the sustainable agricultural development policies developed on the basis of the multifunctional purpose of the industry. Using the example of France, analyzed the algorithm of institutionalization of the concept of multifunctionality of the agriculture as a basis for the functioning of the agricultural system. Highlighted the practice of concluding agreements between farmers and the state, which contain the obligations of the parties to promote economic, social and environmentally-oriented agricultural development. The author argues the significance of the introduction of the European algorithm for transforming the concept of multifunctional agriculture into a tool for the development of domestic agricultural policy, taking into account the proliferation of destructive processes in the industry, generated by its focus on output growth and profit maximization without considering social losses and ecological price of this growth (land degradation, monocropping, broken crop rotation and agro-landscapes, reduction of certain labor-intensive industries, emergence of the threat of food dependence in certain types of food, rising unemployment and desolated villages). This is a consequence of the non-recognition by domestic scientific and governmental structures of the multifunctionality status of agriculture, implemented by Western European countries in the legal field, and, accordingly, the absence of any state influence towards the transition to a model of sustainable agricultural development.
{"title":"Institutionalization of the concept of multiple functionality of agriculture: EU experience for Ukraine","authors":"L. Moldavan","doi":"10.15407/eip2019.04.121","DOIUrl":"https://doi.org/10.15407/eip2019.04.121","url":null,"abstract":"The article presents a brief retrospective of the origin and development of the idea of multifunctionality of agriculture in the EU countries and the world practice, granting this idea (by the UN and European Union documents) the official institutional status of a tool for formulating a policy of sustainable agricultural development and using this tool in the practice of the EU member states. The author determines the legal, financial, institutional and intellectual means of implementing the sustainable agricultural development policies developed on the basis of the multifunctional purpose of the industry. Using the example of France, analyzed the algorithm of institutionalization of the concept of multifunctionality of the agriculture as a basis for the functioning of the agricultural system. Highlighted the practice of concluding agreements between farmers and the state, which contain the obligations of the parties to promote economic, social and environmentally-oriented agricultural development. The author argues the significance of the introduction of the European algorithm for transforming the concept of multifunctional agriculture into a tool for the development of domestic agricultural policy, taking into account the proliferation of destructive processes in the industry, generated by its focus on output growth and profit maximization without considering social losses and ecological price of this growth (land degradation, monocropping, broken crop rotation and agro-landscapes, reduction of certain labor-intensive industries, emergence of the threat of food dependence in certain types of food, rising unemployment and desolated villages). This is a consequence of the non-recognition by domestic scientific and governmental structures of the multifunctionality status of agriculture, implemented by Western European countries in the legal field, and, accordingly, the absence of any state influence towards the transition to a model of sustainable agricultural development.","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123516971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Experience of the formation of free trade areas with China","authors":"V. Olefir","doi":"10.15407/eip2019.04.131","DOIUrl":"https://doi.org/10.15407/eip2019.04.131","url":null,"abstract":"","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132067674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Professional gender segregation in the labor market of Ukraine","authors":"Y. Yuryk","doi":"10.15407/eip2019.04.104","DOIUrl":"https://doi.org/10.15407/eip2019.04.104","url":null,"abstract":"","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"111 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122880717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Structural indicators to monitor macroeconomic misbalances in the investment sphere of Ukraine","authors":"L. Kuznyetsova","doi":"10.15407/eip2019.04.056","DOIUrl":"https://doi.org/10.15407/eip2019.04.056","url":null,"abstract":"","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"42 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114019313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Peculiarities of building budgetary sustainability indicators in Ukraine","authors":"D. Tverdokhlibova","doi":"10.15407/eip2019.04.024","DOIUrl":"https://doi.org/10.15407/eip2019.04.024","url":null,"abstract":"","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125123846","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The article deals with the provision of industrial development based the attraction of in-vestment depending on the changing characteristics of the investment climate. Since the problems of stagnation of the industrial production, its low productivity, excessive financial vulnerability (in view of high debt dependence and low solvency of the sector’s companies), capital losses, and the level of profitability, which is insufficient for reproduction, all remain relevant, the study offers those means of their solution that are related to attracting investments and improving the investment climate. The author highlights essential aspects of the investment climate and its impact on attract-ing investment in the industrial development. Conducted a comparative analysis of the indicators of industrial activities depending on the characteristics of the investment climate on the example of reference groups of foreign countries and Ukraine, which revealed various problematic aspects of the conditions of investment in Ukrainian industry. A set of econometric models was developed with whose help the author substantiates the effect of the system of factors of the investment climate (namely: macroeconomic stability, development level of the goods, financial and labor markets, innovative activities and technological transfer) on the industrial development and assesses the changes caused by thelong term shifts in the parameters of the industrial system. The author shows the feasibility of implementing a comprehensive approach to improving investment conditions with the use of various public policy instruments that determine the investment climate (including macroeconomic, monetary, and scientific and innovation policies as well as policies of the expansion of product inlets and regulation of the labor market) to ensure industrial development. In particular, in the context of the support of innovation, the article proposes the application of smart specialization strategies, which envisages modernization and diversification of regional industrial potential, and enhancing their entrepreneurial capabilities based on the introduction of technological innovations.
{"title":"Investment climate as a factor of industrial development in Ukraine","authors":"I. Shovkun","doi":"10.15407/eip2019.04.070","DOIUrl":"https://doi.org/10.15407/eip2019.04.070","url":null,"abstract":"The article deals with the provision of industrial development based the attraction of in-vestment depending on the changing characteristics of the investment climate. Since the problems of stagnation of the industrial production, its low productivity, excessive financial vulnerability (in view of high debt dependence and low solvency of the sector’s companies), capital losses, and the level of profitability, which is insufficient for reproduction, all remain relevant, the study offers those means of their solution that are related to attracting investments and improving the investment climate. The author highlights essential aspects of the investment climate and its impact on attract-ing investment in the industrial development. Conducted a comparative analysis of the indicators of industrial activities depending on the characteristics of the investment climate on the example of reference groups of foreign countries and Ukraine, which revealed various problematic aspects of the conditions of investment in Ukrainian industry. A set of econometric models was developed with whose help the author substantiates the effect of the system of factors of the investment climate (namely: macroeconomic stability, development level of the goods, financial and labor markets, innovative activities and technological transfer) on the industrial development and assesses the changes caused by thelong term shifts in the parameters of the industrial system. The author shows the feasibility of implementing a comprehensive approach to improving investment conditions with the use of various public policy instruments that determine the investment climate (including macroeconomic, monetary, and scientific and innovation policies as well as policies of the expansion of product inlets and regulation of the labor market) to ensure industrial development. In particular, in the context of the support of innovation, the article proposes the application of smart specialization strategies, which envisages modernization and diversification of regional industrial potential, and enhancing their entrepreneurial capabilities based on the introduction of technological innovations.","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121978212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-10-28DOI: 10.15407/ECONFORECAST2019.03.005
I. Kryuchkova
Scientific justification of the rate of gross savings is one of the key issues in the models of economic growth and a fundamental parameter of economic architectonics in the context of long-term dynamics of growth and structure of total demand. The article aims at demonstrating the genesis of the theory of the rate of gross savings beginning from the classics of political economy to theoretical justifications of the endogenization of the rate of savings in the models of economic growth as well as a detailed consideration of the components of gross savings with the analysis of the factors affecting its level (based on statistical data). It is exactly the empirical analysis that allows testing the validity of theoretical concepts and determining the correctness of the theorists' conclusions. The author shows a great gap between the classical view of the savings rate as a result of the action of natural law, which leads to self-regulation of the parameters of production reproduction, on the one hand, and the purely rational views shaped during the formation and development of the theory and models of economic growth, on the other. Empirical studies have shown that the rate of savings and the rate of capital accumulation are different in the economies of different countries and depend on: the degree of government intervention in the distribution of gross disposable income between institutional sectors and in the structure of households by income level, the level of public social transfers, the depth of income misbalances and expenditure of the institutional sectors and, accordingly, their net borrowing and accumulated debt, as well as on the current phase of the economic cycle and quality of the investment environment. The practical relevance of the study is important to substantiate fiscal policy, especially regarding its impact on the level of gross savings in the non-financial corporations and government sectors, as well as the level of public social and capital expenditures. The article was written within the project on «Macro-prospects of the endogenization of Ukraine’s economic development» (state registration number 0117U006435).
{"title":"The rate of gross saving: theory and practice","authors":"I. Kryuchkova","doi":"10.15407/ECONFORECAST2019.03.005","DOIUrl":"https://doi.org/10.15407/ECONFORECAST2019.03.005","url":null,"abstract":"Scientific justification of the rate of gross savings is one of the key issues in the models of economic growth and a fundamental parameter of economic architectonics in the context of long-term dynamics of growth and structure of total demand. The article aims at demonstrating the genesis of the theory of the rate of gross savings beginning from the classics of political economy to theoretical justifications of the endogenization of the rate of savings in the models of economic growth as well as a detailed consideration of the components of gross savings with the analysis of the factors affecting its level (based on statistical data). It is exactly the empirical analysis that allows testing the validity of theoretical concepts and determining the correctness of the theorists' conclusions. The author shows a great gap between the classical view of the savings rate as a result of the action of natural law, which leads to self-regulation of the parameters of production reproduction, on the one hand, and the purely rational views shaped during the formation and development of the theory and models of economic growth, on the other. Empirical studies have shown that the rate of savings and the rate of capital accumulation are different in the economies of different countries and depend on: the degree of government intervention in the distribution of gross disposable income between institutional sectors and in the structure of households by income level, the level of public social transfers, the depth of income misbalances and expenditure of the institutional sectors and, accordingly, their net borrowing and accumulated debt, as well as on the current phase of the economic cycle and quality of the investment environment. The practical relevance of the study is important to substantiate fiscal policy, especially regarding its impact on the level of gross savings in the non-financial corporations and government sectors, as well as the level of public social and capital expenditures. The article was written within the project on «Macro-prospects of the endogenization of Ukraine’s economic development» (state registration number 0117U006435).","PeriodicalId":212761,"journal":{"name":"Economy and Forecasting","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114679303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}