MODELING THE PARAMETERS OF THE SUSTAINABLE DEVELOPMENT POLICY OF TERRITORIAL NATURAL AND ECONOMIC SYSTEMS
Journal: University Economic Bulletin (Vol.0, No. 50)Publication Date: 2021-08-31
Authors : Lidiia Horoshkova; Ievgen Khlobystov;
Page : 32-48
Keywords : natural-economic system; stability; capital expenditures; intergovernmental transfers; models of stabilization policy;
Abstract
The study of the dynamics of interconnection between capital expenditures on one person and its own incomes per person with the use of scattering diagrams and the function of mutual correlation on the example of the Zaporizhzhya and Kherson regions of Ukraine was conducted. The presence of appropriate correlation dependencies is established. The study of the dynamics of interconnection between capital expenditures on one person and an infrastructure subvention per person using the scattering diagrams and the function of mutual correlation on the example of the Zaporizhzhya and Kherson regions of Ukraine were conducted. The presence of appropriate correlation dependencies is established. The existence of joint trends for areas with different relation rates in the first stage of reforming at the baseline level has been proved. On the basis of the data obtained, the method of assessing the level of stability of natural and economic systems of the territorial level is proposed, in which the resulting indicator is proposed to consider capital expenditures (development expenditures) per person, and factors influencing its own income one person and an infrastructure subvention per person. The models of stabilization policy are constructed, which will ensure sustainable development of territories at the current stage of decentralization, which employs the baseline level. It is proved that in order to ensure the stability of the territories (at the level of the region or district) in the long-term perception, it is expedient to use the following types of policies (depending on the reform phase) regarding capital expenditures: a policy of proportional economic stabilization with relevant capital investment demand (capital expenditures) and the policy of differential stabilization, in which the regulation of capital expenditures is due to the rate of financial resources (ie, a derivative) is used. The simulation of the third option is also conducted when there is a shortage of financial resources for the development of territories requiring integral stabilization policy when capital expenditures (capital expenditures) are proportional to the magnitude of the financial resource deficit. It is proved that the success of further reforms in the country may be provided at the present stage by transition from a policy of proportional economic element to a differential stabilization policy.
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