Prospects of Implementation of European Practice  of Financial Imbalances Regulation in Ukraine

Sidelnykova, Larysa; Bulyuk, V. V.; Новосьолова, О. С.

doi:10.18371/fcaptp.v4i27.154275

Cited by 2 publications

(1 citation statement)

References 4 publications

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“…A complete socio-psychological analysis of the phenomenon of social tension is provided in the monograph (Sidelnykova, Novosolova, Dmytriv, 2019), the authors of which conducted a comprehensive study of social tension that characterises a society in crisis, identified its key elements, reflected the image of social tension in public consciousness, and determined the connection between social tension and the potential of social protest.…”

Section: Literature Reviewmentioning

confidence: 99%

Study of Critical Factors of Social Tension in Regional Systems

Gavkalova,

Stepanenko,

Ponomarenko

2023

BJES

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Purpose. The purpose of the study is to identify and study critical factors of social tension in different economic regions of Ukraine using a modern set of models for analysis and assessment of the level of social tension in conditions of transformation of the structure of modern society for timely prevention and avoidance of social disparities and uneven development. The main stages of measuring the level of social tension are highlighted: analysis and determination of a set of parameters for assessing social tension, their classification according to their impact on society, formation of a set of initial data, calculation of group integral indicators, construction of a general integral indicator of social tension. The main stages of the study of regions by the level of social tension are defined: a graphic representation of the levels of tension in the regions, the study of the dynamics of the formation of the levels of social tension, the establishment of the main factors of its formation in the regional dimension, the classification of objects by the level of social tension. Value/originality. Theoretical analysis of the content and role of social tension in the economic system was conducted, the main indicators and criteria of social tension were considered, a set of models for analysis and evaluation of social tension in various economic regions of the world and in Ukraine in particular was proposed and implemented. The thesis proposes a conceptual research model divided into two main modules: Module 1 – Assessment and analysis of social tensions; Module 2 – Building a regional development programme. Within the first module, assumptions about the criteria and indicators of social tensions are made, the boundaries of the system are determined, the external environment is described, its essential elements are highlighted and described. The selection of the criteria of social tension was carried out according to the following groups of factors: economic, demographic, political and social, the demarcation of substitutes and those that were included in the model and those that were not analysed by the researcher was carried out. Results. Multiple regression models have been constructed and the most significant variables that have the strongest influence on the resulting criterion have been selected. The second module defines the directions of development of the regions, based on all the data and models obtained previously. The main factors that are indicators of social tensions are identified, namely: the number of people with at least a school education; gross domestic product; total population; average length of study. Practical implications. With the help of economic and mathematical tools, the most important indicators of social tension were formed and determined for each region of Ukraine and the country as a whole, among which the level of income and education are the most critical. The results of the study can be put into practice to normalise the social balance in the country, to overcome the disparities in the development of different segments of the population.

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Section: Literature Reviewmentioning

confidence: 99%

Study of Critical Factors of Social Tension in Regional Systems

Gavkalova,

Stepanenko,

Ponomarenko

2023

BJES

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Financial Imbalances and Their Impact on the Development of Ukrainian Regions in Economic Instability

et al. 2022

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Abstract. The COVID-19 pandemic has revealed significant structural flaws, caused deterioration of living and labor conditions, and slowed down economic growth paces for both regions and the country as a whole. It makes the domestic economy vulnerable to various stresses that, in turn, increases the vulnerability of financial systems and reduces their financial resilience. The paper aims to analyze the trends and factors causing financial imbalances of regions in economic instability and substantiate the consequences for their economic growth. The theoretical foundations of financial imbalances are expanded by decomposing financial stability, financial vulnerability, and financial instability. The interpretation of the concept of financial imbalances is expanded. The financial imbalances of Ukrainian regions in 2015—2020 are detected based on the suggested algorithm using the selected indicators. Depending on the year and type, the paper reveals the regions with a consistently low level of financial imbalances, high negative level, and a noticeable accumulation of financial imbalances. The causes of their emergence are explained, including the low capacity of the state to secure a sufficient amount of revenues and thus the budget balance, the low quality of planning and executing the budgets, weak relationship between budget programs and strategic priorities of regional development, domination of consumer expenditures over the development expenditures, inadequate public regional policy, falling volume of capital investment and poor investment attractiveness, declining production and thus deteriorating financial results in basic types of activity in the region, falling income of the population at the background of aggravated social tension and growing unemployment. The author suggests arrange of measures to prevent the emergence of financial imbalances and a set of efficient tools to regulate them. The paper emphasizes the need to develop a unified system of indicators in Ukraine similar to the scoreboard in Europe to measure imbalances on both macro and regional levels in order to detect prospective risks of imbalances emergence and expand the opportunities for their elimination or regulation. Keywords: financial imbalances, regional development, financial instability, financial capacity, financial vulnerability. JEL Classification H73, O40, R13 Formulas: 0; fig.: 2; tabl.: 2; bibl.: 16.

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Prospects of Implementation of European Practice of Financial Imbalances Regulation in Ukraine

Cited by 2 publications

References 4 publications

Study of Critical Factors of Social Tension in Regional Systems

Study of Critical Factors of Social Tension in Regional Systems

Financial Imbalances and Their Impact on the Development of Ukrainian Regions in Economic Instability

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