Yevgen Kuzkin
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Economic growth of the country and national intellectual capital (evidence from the post-socialist countries of the central and eastern Europe)
Yevgen Kuzkin , Tetiana Cherkashyna , Natalia Nebaba , Bozena Kuchmacz doi: http://dx.doi.org/10.21511/ppm.17(1).2019.30Problems and Perspectives in Management Volume 17, 2019 Issue #1 pp. 348-359
Views: 1620 Downloads: 186 TO CITE АНОТАЦІЯThe purpose of the article is to study the innovation levers of developing the intellectual background for economic growth in two groups of post-socialist Central and Eastern European countries (middle-income and lower-middle-income countries). To achieve that, the quantitative effect of the national intellectual capital components (human capital, market capital, structural capital and capital of renewal and development) on the dynamics of the countries’ economic growth was determined.
For both groups, multiple regressions have been constructed that reflect the quantitative relationship between the economic growth rates (in the regressions – the indicator of real gross domestic product per capita) and the components of national intellectual capital in 2010–2018. It has been established that the key innovative indicator of the economic growth of middle-income countries is the national capital of renewal and development, which in general corresponds to the pan-European model of innovation and investment development. Education is the main factor that provides the basis for the economic growth of lower-middle-income countries. Recommendations on improvement of national innovation policy are offered. -
Estimation of structural and regional differentiation of municipal budgets under financial decentralization (case for Ukraine)
Public and Municipal Finance Volume 7, 2018 issue #4 pp. 29-40
Views: 1527 Downloads: 97 TO CITE АНОТАЦІЯObligatory consideration of peculiarities of the territorial development and regional differences in municipal budgets development is a prerequisite for ensuring the success of reforms aimed at decentralizing state power in the financial sphere and for developing the mechanism of inter-budget relations. The purpose of the study is to substantiate theoretically and develop a methodical approach to the differences between regions in terms of structural and regional differentiation of municipal budgets under state power decentralization. The article proposes a methodical approach to identifying the needs and substantiating measures for financial decentralization. The approach is based on considering the structural and regional differentiation and using statistical and cluster analyses to identify special aspects of the municipal budgets creation at different levels. The following regularities of changes in structural and regional differentiation of municipal budgets in the context of reforming the inter-budgetary relations and financial decentralization are determined: the changes in the state regulation of the local economy and finances usually boost an increase in the manifestations of differentiation; strengthening the negative influence of endogenous and exogenous risks on the increased disproportions in the socio-economic environment of regions while preserving the features of extensive management in the economic system; increasing imbalances and disparities in the structural differentiation of municipal budgets is usually due to the excessive centralization of public finances, while the intensive reforms aimed at decentralizing municipal budgets can increase the growth risks.
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