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№ 4/2011
1National Economic University named after Vadym Hetman
Socio-economic results of the technological public-private partnership in the world and the problems of its use in Ukraine
| Ekon. teor. 2011; 4:0-0 |
ABSTRACT ▼
Theoretical and methodological aspect of "ecologyzation" of the economy is analyzed in the article from the perspective of sustainable development strategy. "Ecologyzation" of the economy is viewed as the introduction of the imperative of environmental protection into every component of economic activity. The foundation of this imperative is that the economic and ecological systems are organically interwoven and interdependent and they are to be viewed as an integral system, the "environmenteconomy system". The authors argue that for any economy to be "ecologized" the ways of economic thinking and activity should be modified and both the subject and method of economic theory should be improved.
Keywords:
| Article in Russian (pp. 15 - 25) | Download | Downloads :354 |
| Article in Ukrainian (pp. 15 - 25) | Download | Downloads :337 |
REFERENCES ▼
№ 3/2013
1National Economic University named after Vadym Hetman
General civilizational factors of outstripping economic development
| Ekon. teor. 2013; 3:0-0 |
ABSTRACT ▼
The article opens a series of materials about the institutional evolution of the first Eastern civilizations, and universe bases of its cyclic progress. The ethno influence on civilization cyclicity is considered. The author defines a triune substance of institutions, structure of oneinstitutional net and the place of ethnoconstants in it
Keywords:
| Article in Russian (pp. 16 - 31) | Download | Downloads :360 |
| Article in Ukrainian (pp. 16 - 31) | Download | Downloads :340 |
REFERENCES ▼
№ 4/2015
ZAITSEV Yurii K.1, MOSKALENKO O. 2
1Vadym Hetman Kyiv National Economic University
2National Economic University named after Vadym Hetman
Theoretical and practical problems of the formation of modern political economy
| Ekon. teor. 2015; 4:0-0 |
ABSTRACT ▼
The article investigates the reasons, factors and processes of formation of the modern political economy. The authors analyze the nature and direction of change in the paradigm of studying the complex and super-complex socio-economic processes in conditions of the transformation in technological mode of production, complicated interdependence of individual areas and subsystems of the meta-system. They consider some internal substantial factors of saving key features of architectonics in the subject of classical political economy in the updated subject of political economy of modern society.
Keywords:speeding-up; static and dynamic systems; static and dynamic approaches; mainstream; neoliberalism; centripetal integration processes; innovatization of the economy; transformation of institutional forms; functional-and-factorial analysis; philosophic
JEL: А100; В410
| Article in Russian (pp. 54 - 61) | Download | Downloads :367 |
| Article in Ukrainian (pp. 54 - 61) | Download | Downloads :388 |
REFERENCES ▼
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Gromyko Ju.V. (2006) Antropologija politicheskoj identichnosti. Samoopredelenie “rashinz” v global'nom mire. Territorial'noe razvitie, transnacional'nye russkie korporacii i identichnost'. M.: ARKTI.
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№ 4/2018
1National Economic University named after Vadym Hetman
Economy and democracy in fiscal policy
| Ekon. teor. 2018; 4:57-78 | https://doi.org/10.15407/etet2018.04.057 |
ABSTRACT ▼
The problem formulation. The article analyzes the reasons for implementation of the austerity poli-cies that arose as a response to the debt crisis in the global economy and, according to neo-liberal logic, imply the expediency of reducing the government expenditures of countries in order to con-tain the growth of state and guaranteed state debt (external and internal), balancing the state budget and, most importantly, to restore the confidence to the authority institutions from the side of population, investors and other stakeholders. The ultimate goal of austerity policies is the recov-ery/revitalization of economic growth, which is very seldom achieved in practice. It is proved that the increase in the debt burden does not depend on the growth of the social sphere, but on the sup-port of the financial sector, and the rescue of the banking system in a situation of permanent crisis. Therefore, the austerity policies are controversial and are also generated by financial markets. The article considers the role of fiscal democracy as an instrument of influence on the redistribution of state budget revenues in correlation with austerity policies.
The purpose of the article: to analyze the reasons for the implementation and trends of austerity policies, to show the limitations of such a fiscal policy; to reveal the theoretical content of fiscal de-mocracy and determine its role in the distribution of budget expenditures in austerity policies; and to define the basic principles of fiscal democracy that hold back the growth of economic inequality in the countries. Methodological approaches: political and economic analysis, economic and statistical method; and logical method.
Conclusions. On the analysis of the Public Debt to GDP dynamics indicator in developed countries, it is determined that its normative value in 60% developed countries is not observed, even under austerity policies. The analysis has made it possible to draw conclusions about the directions of improving the public financial management of a country based on the principles of fiscal democracy, such as the principles of justice, equality, transparency, priority, and time and financial symmetry in the redistribution of state budget revenues, taking into account the operational and strategic needs and interests of the population. It is shown that, in developed countries, the fiscal democracy index approaches zero, which is a result of the dependence of the country's economy on external and internal debt: mandatory expenditures, including "soft investments", are financed by debts. A similar tendency is observed in Ukraine. It is substantiated that austerity policies as the tools of public fi-nancial management lead to opposite results in countries with different levels of economic devel-opment, and therefore they should be implemented taking into consideration the national specificity, economic structure and efficiency, as well as social consequences, in order to exclude their exces-sively negative extreme forms.
Keywords:fiscal democracy, austerity policies, economic growth, government debt
JEL: H2, H3, G00, E6, O23
| Article in Russian (pp. 57 - 78) | Download | Downloads :581 |
| Article in Ukrainian (pp. 57 - 78) | Download | Downloads :397 |
REFERENCES ▼
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№ 4/2022
1National Economic University named after Vadym Hetman
Wartime economics: challenges and rapid economic policy
| Ekon. teor. 2022; 4:84-114 | https://doi.org/10.15407/etet2022.04.084 |
ABSTRACT ▼
The article provides an overview and reflection of quick decisions on economic policies in Ukraine under wartime conditions. The author defines the theoretical and historical background of wartime economy, as well as its content and tasks. Presented various historical examples of the consequences of wars on the economy and its post-war recovery. It is found that in addition to the fact that wars have negative consequences for physical and human capital, they may also speed up economic growth after the war due to the change in economic environment. The author provides a brief analysis of economic policies in the wartime economy of Ukraine, challenges and quick decisions in fiscal and monetary policy, human capital preservation policy, ener-gy policy and regulatory policy of coordinating processes during the war. There is an analysis of proposed changes to the tax legislation, and monetary decisions during the war and other steps taken by the government and the NBU to support the economy in the conditions of war shocks. The acuteness of the demographic challenge for Ukraine due to the loss of human capital and forced emigration is demonstrated. Presented various macroeconomic data on GDP decline during the war, losses, inflation, international aid by donors, which contributes to critical review of the quick economic policy decisions taken. The author undertakes a theoretical generalization and outlines the key challenges for the post-war reconstruction of Ukraine and quick decisions, which topics are among the subjects of discussions on international platforms, as well as objects for analysis in search of ways and means of international partnership support. The differences between rapid and adequate economic policy are shown.
Keywords:war economy, economic recovery, macroeconomic multishocks, monetary policy, fiscal policy, human capital preservation policy
JEL: F63, H00, P35
| Article in Russian (pp. 84 - 114) | Download | Downloads :97 |
| Article in Ukrainian (pp. 84 - 114) | Download | Downloads :130 |
REFERENCES ▼
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56. What is a war economy? IG. Retrieved 14.10.2022 from www.ig.com/en/trading-strategies/what-is-a-war-economy--200207/
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| 29 | 30 | |||||
