Fiscal Policy Effects in Ukraine

Shevchuk, Victor; Kopych, Roman

doi:10.15678/aoc.2018.1802

Cited by 5 publications

(3 citation statements)

References 18 publications

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“…When it comes to scientific research of the fiscal policy of Ukraine in the context of its impact on economic development, it is worth noting the publication of Shevchuk V. and Kopych R. (2018), in which the analysis of the effectiveness of fiscal policy in Ukraine has been conducted. The scholars have come to conclusion on the advisability of an income-based financial consolidation policy in Ukraine, forasmuch as better tax collection can contribute to economic growth even in the short term perspective.…”

Section: Literature Reviewmentioning

confidence: 99%

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Petrunenko

Lavrov

Kuybida

et al. 2023

Design, Construction, Maintenance

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A comparative analysis of the fiscal policy of Poland and Ukraine has been conducted in the academic paper in the context of its impact on economic development. In particular, the effectiveness of the application of the following instruments of fiscal policy has been compared, namely: state budget deficit, state budget expenditures and their structure, state budget revenues, their structure and tax benefits, as well as state debt policy. The basic advantages of Poland’s fiscal policy over Ukraine’s fiscal policy have been outlined. The attention is focused on the shortcomings of the fiscal policy of Ukraine from the point of view of its impact on economic growth, as well as ways of optimizing fiscal instruments, taking into account the experience of Poland. Purpose: a comparative analysis of the fiscal policy of Poland and Ukraine in order to determine the advantages and disadvantages of its impact on economic development, as well as to outline the vectors of adaptation of the best experience for the national economy. Design/Methodology/Approach: In order to achieve the purpose outlined, the following methods have been used, namely: analysis and synthesis; economic and statistical analysis and comparison; economic and mathematical; generalization. Results. It has been proved that the fiscal policy of Poland is aimed at the development of economic infrastructure and building an economic model of the state based on the manufacture of products with a high share of value added. It has been substantiated that the fiscal policy of Ukraine does not have significant effects on economic development due to the use of such instruments as public debt and capital expenditures, however, the external debt dependence of the state is quite high. Apart from that, it has been proved that the fiscal policy of Ukraine does not increase the level of economic complexity and development of the processing industry through the implementation of tax benefits. It has been proposed to increase the efficiency of tax authorities in Ukraine in terms of combating the shadow economy, boost the share of capital expenditures and raise the level of conversion of public debt into economic growth.

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Section: Literature Reviewmentioning

confidence: 99%

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Petrunenko

Lavrov

Kuybida

et al. 2023

Design, Construction, Maintenance

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“…The study also found out that taxation would increase the total cost of product and increase the price level but the output will be reduced due to lower income in Indonesia. Shevchuk and Kopych (2018), using vector error correction model, studied the Ukrainian fiscal policy and other variables to examine their impact on output for quarterly data for the period 2001 to 2016. They observed that government expenditure and net revenue has a strong positive relation with output but the interest rate has an inverse relationship with output.…”

Section: Literature Reviewmentioning

confidence: 99%

Investigating Impact of Expansionary Fiscal Policy on Output in Bangladesh Economy: An Econometric Study

Sen

Alam

Rahman

et al. 2019

Asian Economic and Financial Review

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In this research paper, the dominance of fiscal policy variables (government expenditure, total revenue, and total investment) on output in Bangladesh has been examined. The study embraces the output accounting framework where significant fiscal variables are considered that can influence economy robustly. The analysis is executed by using time series framework and holding yearly data from 1994 to 2017. The study uses augmented dickey fuller test (ADF) to check the unit root problem in the data. The result shows all data exempt unit root problem at first difference and Johansen cointegration test confirms at least two variables as cointegrated. The study applies vector error correction model (VECM) to find out both short run and long run relationship between gross domestic product, government expenditure, tax revenue and investment. No distinct relationship between any variable in the short run has been found. The result confirms a positive relationship between gross domestic product and tax revenue as well as investment. There exists a negative relationship between government expenditure and gross domestic product. The study recommends planning total tax revenue by strengthening and modernizing customs administration, tax exemptions, reducing government expenditure and inviting foreign investments.Contribution/ Originality: The paper's primary contribution is to investigate the effect of expansionary fiscal policy on Bangladesh's total output by using augmented dickey fuller test, Johansen Co-integration test, and vector error correction model (VECM).

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“…When it comes to scientific research of the fiscal policy of Ukraine in the context of its impact on economic development, it is worth noting the publication of Shevchuk & Kopych (2018) conclude that the advisability of an income-based financial consolidation policy in Ukraine, forasmuch as better tax collection can contribute to economic growth even in the short term perspective. Grazhevskaa & Virchenkoa (2014) prove the significant dependence of the effectiveness of the mechanism of fiscal policy transfer in the Ukrainian economy on such institutional factors as public expenditure management, consumer expectations, and the level of fiscal decentralization.…”

Section: Introductionmentioning

confidence: 99%

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Sliusarchuk

Lavrov

Kuybida³

et al. 2021

Etikonomi

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In order to achieve the purpose outlined, this research uses the following methods: analysis and synthesis; economic and statistical analysis and comparison; economic and mathematical; generalization. The result shows that Poland's fiscal policy aims at developing economic infrastructure and building an economic model of the state based on the manufacture of products with a high share of value-added. However, the fiscal policy of Ukraine does not have significant effects on economic development due to the use of such instruments as public debt and capital expenditures. However, the external debt dependence of the state is relatively high. Nevertheless, it proves that the fiscal policy of Ukraine does not increase the level of economic complexity and development of the processing industry through the implementation of tax benefits. It proposes to increase the efficiency of tax authorities in Ukraine in terms of combating the shadow economy, boost the share of capital expenditures and raise the level of conversion of public debt into economic growth.JEL Classification: E62, F63, H21How to Cite:Petrunenko, I., Lavrov, R., Kuybida, V., Slatvinskyi, M., & Zelenskyi, A. (2021). Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland. Etikonomi, 20(2), xx– xx. https://doi.org/10.15408/etk.v20i2.22013.

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Fiscal Policy Effects in Ukraine

Cited by 5 publications

References 18 publications

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

Investigating Impact of Expansionary Fiscal Policy on Output in Bangladesh Economy: An Econometric Study

Fiscal Policy of Economic Development: Comparative Characteristics of Ukraine and Poland

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