Lev Kloba
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Model of assessment of financial imbalances in regions of Ukraine
Halyna Voznyak , Taras Kloba , Solomiia Kloba , Lev Kloba doi: http://dx.doi.org/10.21511/imfi.16(1).2019.28Investment Management and Financial Innovations Volume 16, 2019 Issue #1 pp. 365-377
Views: 997 Downloads: 130 TO CITE АНОТАЦІЯThe article analyzes the model of financial imbalances in the regions, which allows assessing the effects of implementing various options of the financial regional policy aimed at reducing the depth of the crisis in regional systems, smoothing cyclical fluctuations, leveling the levels of socioeconomic development of the territories.
The financial imbalances of regions of Ukraine are estimated on the basis such as indicators of gross regional product, gross regional product per capita, index of physical volume of gross regional product in comparative prices (in the prices of the previous year), economically active population by regions, population incomes, and level of capital investments by region. In the process of assessing the financial imbalances of the regions, a constant study of the structure of the fluctuations of the values of these indicators, was conducted determining the significance of each size in the overall structure and identifying the features of the system development in different ranges.
Based on the assessment of financial imbalances in the development of regions, the causes and consequences of significant imbalances in the economic system were identified, and directions for increasing the efficiency of regional policy were proposed. In turn, the assessment of financial imbalances in the regions makes it possible to consider the influence of factors on the development of regions, because in some cases, the regional socioeconomic system perceives positively, in others – negatively. Therefore, it must have elements that contribute to the transformation of its parameters in the conditions of changing environment and, at the same time, ensuring the maintenance of regional stability. -
Assessing and strengthening budgetary security of regions and their amalgamated hromada in an unstable economy: A case for Ukraine
Halyna Voznyak , Olha Mulska , Taras Kloba , Lev Kloba doi: http://dx.doi.org/10.21511/pmf.10(1).2021.11Public and Municipal Finance Volume 10, 2021 Issue #1 pp. 138-150
Views: 601 Downloads: 134 TO CITE АНОТАЦІЯAn essential determinant of the economic growth of regions and amalgamated hromada is budgetary security, the weakening of which causes the strengthening of financial imbalances of territories and the emergence of budget risks and threats in different time lags. The paper aims to assess budgetary security of regions and amalgamated hromada in Ukraine in an unstable economy. The assessment of budgetary security and risks of areas and amalgamated hromada is carried out based on a multidimensional statistical analysis of budget indicators, calculation of the aggregate indicator of budget risks, and the level of budgetary security by a multiplicative method. The study sample included the regions of Ukraine and 22 amalgamated hromada in terms of cities of regional significance, urban, township, and rural territorial assemblies, which are represented by different areas in Ukraine. According to the assessment, Poltava, Kyiv, Zaporizhzhia, Dnipropetrovsk, and Mykolaiv oblasts are characterized by a low level of budget risks, which indicates high budget stability. On the other hand, the strengthening of budget imbalances, deterioration of the strength of local budgets, in particular in 2019–2020 in urban amalgamated hromada (Druzhbivska and Malovyskivska (6-8 points)); in village areas (Malynivska (5 points), Steblivska (7-7 points)); in rural amalgamated hromada (Chmyrivska (8-7 points)). The study results can serve as an analytical basis in the practice of local governments in the development and justification of regional and local budget policies, the nature of inter-budgetary relations, the formation of regional development strategies, etc.
Acknowledgments
The study has been conducted within the framework of Applied Research “Financial determinants of the provision of economic growth in the regions and Amalgamated hromada based on the behavioral economy” with the support of the National Research Foundation of Ukraine (M. Dolishniy Institute of Regional Research of National Academy of Sciences of Ukraine, the Grant Reg. No. 2020.02/0215, 2020–2022). -
Assessment of the population’s social resilience environment (the case of the Carpathian region of Ukraine)
Olha Mulska , Taras Vasyltsiv , Yuliia Shushkova , Lev Kloba , Yevheniya Parfenyuk doi: http://dx.doi.org/10.21511/ppm.20(1).2022.33Problems and Perspectives in Management Volume 20, 2022 Issue #1 pp. 407-421
Views: 736 Downloads: 246 TO CITE АНОТАЦІЯThe system of indicators of the population’s socio-economic vulnerability is the determinant of regions’ social resilience. The growth of these indicators leads to the emergence of new and aggravation of existing social risks and threats in different time periods. The paper aims to provide a comprehensive assessment of the population’s social resilience environment in the Carpathian region of Ukraine. The environment of the population social resilience in the oblasts of the Carpathian region of Ukraine is assessed based on the theory of elasticity by calculating the temporal weight coefficients of 31 indicators (systematized in 4 groups) and integral empirical coefficient of the environment by multiplicative assessment. The results show that among the oblasts of the Carpathian region of Ukraine, the social resilience environment was the highest in Zakarpatska and Ivano-Frankivska oblasts (0.530 each) in 2019, and in Lvivska (0.540) and Chernivetska (0.585) oblasts in 2014. The growth of the social resilience environment rate was recorded in Lvivska (0.630) and Chernivetska (0.691) oblasts in the period of economic capacity recovery (2018). The average annual growth pace of the coefficient of deviation of the empirical social resilience environment rate from the national rate ranged from –1.29% to –0.26%. The study can serve as an information-analytical basis for developing the regional policy to secure the convergence of social standards of social resilience between the Carpathian region and neighboring EU countries (adherence to the principles of consumption safety and social responsibility, growing resistance of the healthcare system, balanced labor market and employment, development of clean and safe living spaces).
Acknowledgment
The study was conducted within the framework of applied research “Mechanisms of the proactive policy for reducing social vulnerability of the population (based on the Carpathian region of Ukraine)” (No SR 0121U112014, M. Dolishniy Institute of Regional Research of National Academy of Sciences of Ukraine, 2021–2023).
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