INFLUENCE OF BUDGETARY INSTRUMENTS ON INDICATORS OF REGIONAL DEVELOPMENT
One of the current problems of using budget instruments of support and stimulation of regional development is their low efficiency, which requires the improvement of existing ones and introduction of other, more rational ones. The purpose of the article is to determine the impact of current budget...
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| Format: | Article |
| Language: | English |
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FINTECH Alliance LLC
2019-03-01
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| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
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| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/2019 |
| _version_ | 1797703934067867648 |
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| author | T. H. Zatonatska O. V. Bazhenova M. M. Lavrentiev |
| author_facet | T. H. Zatonatska O. V. Bazhenova M. M. Lavrentiev |
| author_sort | T. H. Zatonatska |
| collection | DOAJ |
| description |
One of the current problems of using budget instruments of support and stimulation of regional development is their low efficiency, which requires the improvement of existing ones and introduction of other, more rational ones. The purpose of the article is to determine the impact of current budget instrument on indicators of regional development, with the help of economic and mathematical modeling, in order to determine their effectiveness and to provide recommendations for introduction of more effective instruments of support and stimulation of regional development. The article shows the influence of budget instruments on such indicators of regional development as capital investment at the expense of own funds of enterprises and organizations, the unemployed population, the volume of industrial production (goods, services) that have been sold, the volume of construction works. The results of the modelling have shown that the main influence on the exemined indicators of regional development is made by capital investment using the state budget, in particular, on increasing the volume of construction works, the volume of industrial production sold and the volume of capital investments at the expense of enterprises and organizations' own funds, which is related to the direction of such state investments, namely infrastructure projects. Nevertheless, capital investment at the expense of local fundsbudgets have only a small effect on the growth of capital investment using their own funds of enterprises and organizations.The insignificant influence of the studied budget instruments on indicators of regional developmentis proved, which refers to their low efficiency, and highlights the need to improve the budget instruments of support for regional development and focus on the fiscal stimulation instruments for the effective use of the internal resource of the regions (using the grandees by communities and attracting investment in development of the territory). Recommendations for increasing the efficiency of the use of such a budget instrument as the State Fund for Regional Development are given.
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| first_indexed | 2024-03-12T05:12:51Z |
| format | Article |
| id | doaj.art-861c18ce122b4902aeeac2bafe870500 |
| institution | Directory Open Access Journal |
| issn | 2306-4994 2310-8770 |
| language | English |
| last_indexed | 2024-03-12T05:12:51Z |
| publishDate | 2019-03-01 |
| publisher | FINTECH Alliance LLC |
| record_format | Article |
| series | Фінансово-кредитна діяльність: проблеми теорії та практики |
| spelling | doaj.art-861c18ce122b4902aeeac2bafe8705002023-09-03T08:26:56ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702019-03-0112810.18371/fcaptp.v1i28.161896INFLUENCE OF BUDGETARY INSTRUMENTS ON INDICATORS OF REGIONAL DEVELOPMENTT. H. Zatonatska0O. V. Bazhenova1M. M. Lavrentiev2Taras Shevchenko National University of Kyiv, Ukraine;Taras Shevchenko National University of Kyiv, Ukraine;State Scientific Institution «Institute of Educational Analytics», Ukraine; One of the current problems of using budget instruments of support and stimulation of regional development is their low efficiency, which requires the improvement of existing ones and introduction of other, more rational ones. The purpose of the article is to determine the impact of current budget instrument on indicators of regional development, with the help of economic and mathematical modeling, in order to determine their effectiveness and to provide recommendations for introduction of more effective instruments of support and stimulation of regional development. The article shows the influence of budget instruments on such indicators of regional development as capital investment at the expense of own funds of enterprises and organizations, the unemployed population, the volume of industrial production (goods, services) that have been sold, the volume of construction works. The results of the modelling have shown that the main influence on the exemined indicators of regional development is made by capital investment using the state budget, in particular, on increasing the volume of construction works, the volume of industrial production sold and the volume of capital investments at the expense of enterprises and organizations' own funds, which is related to the direction of such state investments, namely infrastructure projects. Nevertheless, capital investment at the expense of local fundsbudgets have only a small effect on the growth of capital investment using their own funds of enterprises and organizations.The insignificant influence of the studied budget instruments on indicators of regional developmentis proved, which refers to their low efficiency, and highlights the need to improve the budget instruments of support for regional development and focus on the fiscal stimulation instruments for the effective use of the internal resource of the regions (using the grandees by communities and attracting investment in development of the territory). Recommendations for increasing the efficiency of the use of such a budget instrument as the State Fund for Regional Development are given. https://fkd.net.ua/index.php/fkd/article/view/2019budget instrumentsregional developmentmodelingSFRDcapital investmentgrants. |
| spellingShingle | T. H. Zatonatska O. V. Bazhenova M. M. Lavrentiev INFLUENCE OF BUDGETARY INSTRUMENTS ON INDICATORS OF REGIONAL DEVELOPMENT Фінансово-кредитна діяльність: проблеми теорії та практики budget instruments regional development modeling SFRD capital investment grants. |
| title | INFLUENCE OF BUDGETARY INSTRUMENTS ON INDICATORS OF REGIONAL DEVELOPMENT |
| title_full | INFLUENCE OF BUDGETARY INSTRUMENTS ON INDICATORS OF REGIONAL DEVELOPMENT |
| title_fullStr | INFLUENCE OF BUDGETARY INSTRUMENTS ON INDICATORS OF REGIONAL DEVELOPMENT |
| title_full_unstemmed | INFLUENCE OF BUDGETARY INSTRUMENTS ON INDICATORS OF REGIONAL DEVELOPMENT |
| title_short | INFLUENCE OF BUDGETARY INSTRUMENTS ON INDICATORS OF REGIONAL DEVELOPMENT |
| title_sort | influence of budgetary instruments on indicators of regional development |
| topic | budget instruments regional development modeling SFRD capital investment grants. |
| url | https://fkd.net.ua/index.php/fkd/article/view/2019 |
| work_keys_str_mv | AT thzatonatska influenceofbudgetaryinstrumentsonindicatorsofregionaldevelopment AT ovbazhenova influenceofbudgetaryinstrumentsonindicatorsofregionaldevelopment AT mmlavrentiev influenceofbudgetaryinstrumentsonindicatorsofregionaldevelopment |