THE PROBLEMS OF ECONOMY №4-2013

The title and content

ABSTRACTS AND INFORMATION ABOUT AUTHORS

Section: World economy and international relations
UDC 338.33
Boguslavskiy Y. I.
Diversification as the basis of globalisation processes (using examples of major companies) (p. 8 - 13)
The goal of the article is generalisation of the world experience of conducting diversification and justification of its influence upon the world globalisation processes. The article considers a number of rather successful trans-national companies both American (Daimler-Benz), West-European (Nokia), Pacific-Asian (Takeda) and Ukrainian (Metinvest), which at one point of their development chose diversification expansion of production and sales, entering, in such a way, the global market. Histories of these companies are not similar, since they were founded and formed in different times under influence of different political and economic situations. The only thing that is similar for all of them is successful use of various methods of diversification, which ensured their success in the international market. Thus, namely diversification became the foundation for globalisation of international economic relations. Merger of companies as a consequence of globalisation influence of diversification processes is not something extraordinary, but also is not common, especially if we speak about major companies that have a huge variety of manufactured products.
Keywords: diversification, globalisation, merger, take-over, expansion of production and sales
Fig.: 2. Bibl.: 18.

Boguslavskiy Yevgen I. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Political Economy, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: bogevg@gmail.com

Reference to this article:
Boguslavskiy, Yevgen I. (2013) “Diversification as the basis of globalisation processes (using examples of major companies).” The Problems of Economy 4:8–13.

List of references in article

Agafonova, M. Yu., Azriliian, A. N., and Degtiarev, S. I.Bolshoy ekonomicheskiy slovar [Big Dictionary of Economics]. Moscow: Pravovaia kultura, 1994.
Kotler, F., Vong, V., and Sonders, Dzh.Osnovy marketinga [Principles of Marketing]. Moscow: Viliams, 2007.
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“In medica“ http://www.in-medica.com/.
Luk’ianchuk, IE. “«Takeda» v Ukrayne“ [\"Takeda\" in Ukraine]. Apteka, no. 14(885) (2013).
“Takeda Annual Reports 2008, 2009, 2010, 2011, 2012“ http://www.takeda.com/investor-information/annual/.
“Honda“ http://ru.wikipedia.org/wiki/Honda.
Vikhanskiy, O. S.Strategicheskoe upravlenie [Strategic management]. Moscow: Gardariki, 2002.
“Korporatsiia «Metinvest». Annual report 2010, 2011“ [Corporation \"Metinvest\". Annual report 2010, 2011]. http://www.metinvestholding.com/upload/metinvest/content/64/Consolidated_%20FS_2007_Metinvest.pdf.
Promyslova hrupa «Metinvest». http://www.metinvestholding.com/ru.
“Metinvest. Abbreviated IFRS Consolidated Financial Statements“ http://www.metinvestholding.com/upload/metinvest/content/64/Consolidated_%20FS_2007_Metinvest.pdf.
Kiyosaki, R., and Tramp, D. “Pochemu my khotim, chtoby vy byli bogaty“ [Why do we want you to be rich]. http://www.mediaarhiv.net/8985-robert-kijosaki-pochemu-my-xotim-chtoby-vy-byli-bogaty-audiokniga.html.
Kuzmina, G. A. “Nasha zhizn v usloviiakh globalizatsii. Managing Human Resources“ [Our life in the context of globalization. Managing Human Resources]. http://mhr.ru

Section: World economy and international relations
UDC 336.144
Koliada T. A.
Organisation of the long-term budget planning and forecasting: experience of the leading countries of the world (p. 14 - 20)
The goal of the article lies in the study of specific features of organisation of the long-term budget planning and forecasting in the leading countries of the world. Analysing, systemising and generalising experience of organisation of this process at the state level using examples of USA, France, Germany and Japan, the article reveals common regularities and shows the best practice of developing the budget strategy for adaptation and application of these developments in the budget process of Ukraine. In the result of the study the article proves that growth of unfavourable tendencies in socio-economic development of majority of the world countries (ecologic problems, terrorism threats, ageing of population, natural disasters, etc.) results in the growth of dependency of the budget planning on political factors and organisation of management of this process. The article justifies a necessity of establishing close coordination at the inter-ministry level, introduction of clear distribution of duties between the subjects of the budget process with the aim of exclusion of a possibility of political subjectivism, ensuring an objective assessment of the socio-economic situation in the country, and development of realistic macro-economic and budget forecasts. The prospect of further studies in this direction is bringing the necessity of the legislative fixing and regulation of the procedure of development of the budget strategy as an integral component of the budget process of Ukraine, which would allow getting rid of the multi-vector nature of priorities of the state development, balancing the budget receipts and expenditures, creation of an effective mechanism of concentration of resources for solving middle-term and long-term tasks.
Keywords: long-term budget planning, organisation of strategic planning, budget process
Bibl.: 11.

Koliada Tetiana A. – Candidate of Sciences (Economics), Senior Research Fellow, Associate Professor, Department of Public Finance, State Tax University (31 Universytetska Str., Irpin, Kyiv region, 08205, Ukraine)
Email: t.a.koliada@gmail.com

Reference to this article:
Koliada, Tetiana A. (2013) “Organisation of the long-term budget planning and forecasting: experience of the leading countries of the world.” The Problems of Economy 4:14–20.

List of references in article

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Budina, N., and Shekhter, A. “Otslezhivanie primeneniia nalogovo-biudzhetnykh pravil“ [Tracking the use of fiscal rules]. Finansy i razvitie (2012): 57-.
Kuzyk, B. N., Kushlin, V. I., and Yakovets, Yu. V.Prognozirovanie, strategicheskoe planirovanie i natsionalnoe programmirovanie [Forecasting, strategic planning and national programming]. Moscow: Ekonomika, 2008.
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Kopylov, V. “Monitorynh realizatsii biudzhetnoi stratehii ta ii koryhuvannia“ [Monitoring implementation of fiscal policy and its correction]. Ekonomika Ukrainy, no. 3 (2008): 33-39.

Section: Economics and national economy management
UDC 349.6
Kyzym M. O., Lelyuk O. V., Cherkaskyi I. B.
Methodical provisions on assessment of prospects of unconventional gas extraction in Ukraine (p. 21 - 33)
The article analyses unconventional gas resources in Ukraine and draws a conclusion that the existing assessments differ and require clarification. The article forms a characteristic of unconventional gas deposits in Ukraine. It analyses prospects of unconventional gas extraction from consolidated rock at the Hughes Site. It proves that the Hughes Site could satisfy the country requirements in tight sands gas (TSG) until 2030, which were determined in the “Renewed Energy Strategy” project, discussion of which was initiated in June 2012 by the Ministry of Energy and Coal Industry of Ukraine. The article conducts calculations of a number of mines required for extraction of the planned volume of TSG at the Hughes Site in 2020 – 2030 and required capital investments. It calculates the cost value of TSG extraction at the Hughes Site. It develops the schedule of investing into the Hughes Site and builds forecast scenarios of developing the Hughes Site in 2020 – 2030. On the basis of calculations it proves that only the optimistic scenario (when the selling price of gas would be USD 255 for 1 thousand cubic metres) ensures profitable development of the Hughes Site.
Keywords: unconventional gas, extraction, capital investments, cost value, scenario
Fig.: 6. Tabl.: 10. Bibl.: 12.

Kyzym Mykola O. – Doctor of Sciences (Economics), Professor, Corresponding Member of NAS of Ukraine, Chief research scientist, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: m.kyzym@gmail.com
Lelyuk Oleksіy V. – Candidate of Sciences (Economics), Applicant, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Cherkaskyi Igor B. – Doctor of Sciences (Economics), Professor, International Science and Technology University named after Academician Yu. Buhai (3 Khersonskyi Lane, Kyiv, 02660, Ukraine)

Reference to this article:
Kyzym, Mykola O., Lelyuk, Oleksіy V., and Cherkaskyi, Igor B. (2013) “Methodical provisions on assessment of prospects of unconventional gas extraction in Ukraine.” The Problems of Economy 4:21–33.

List of references in article

Azarov, N. Ya., Antsyferov, A. V., and Holubev, A. A. “Resursy uholnykh hazov Ukrayny y perspektyvy ykh dobychy na sovremennom etape“ [Ukraine coal gas resources and prospects of their production at the present stage]. Naukovi pratsi UkrNDMI NAN Ukrainy vol. 1, no. 5 (2009): 352-372.
“Alzhir budet razrabatyvat zapasy slantsevogo gaza“ [Algeria will develop shale gas reserves]. http://ukrrudprom.ua/news/Algir_budet_razrabativat_zapasi_slantsevogo_gaza.html.
“Alternatyvy hazozabezpechennia Ukrainy: skraplenyi pryrodnyi haz (SPH) ta netradytsiinyi haz : analitychna dopovid Tsentru Razumkova“ [Alternative gas supply to Ukraine: liquefied natural gas (LNG) and unconventional gas: analytical report by the Centre]. Natsionalna bezpeka i oborona, no. 9(127) (2011): 72-.
“Belarus v poiskakh slantsevogo gaza“ [Belarus in search of shale gas]. http://ictsd.org/i/news/mosty-blog/126569/.
“Belarus namerena vserez zaniatsia poiskom slantsevogo gaza“ [Belarus intends to engage seriously in the search for shale gas]. http://afn.by/news/i/169494.
“Blagodaria tekhnologii dobychi gaza iz slantsev v Polshe mozhno dobyt ok. 1,36 trilliona kub. m gaza“ [Thanks to the technology of gas production from shale in Poland can produce about 1.36 trillion cubic meters of gas]. http://www.ukr-portal.com/index.php?nma=news&fla=stat&cat_id=0&nums=3875.
Kaufman, L. L., Kuldyrkaev, N. I., and Lysikov, B. A.Dobycha slantsevogo gaza (obzor zarubezhnogo opyta) [Shale gas (review of foreign experience)]. Donetsk: Gosudarstvennoe izdatelstvo Donbassa, 2011.
Kabyshev, Yu., Vakarchuk, S., and Dovzhok, T. “Sovremennoe sostoyanye yssledovanyi haza tsentralno-basseinoho typa v Dneprovsko-Donetskoi vpadyne“ [Current state of research of the Central Basin gas type in the Dnieper-Donets Basin]. Heoloh Ukrainy, no. 2 (2011): 120-124.
“Ekolohichni ryzyky dobuvannia slantsevoho hazu“ [The environmental risks of shale gas extraction]. Zelena Khvylia. http://ecoclubua.com/2011/02/environmental-risks-of-shale-gas-examined.
“Konsortsium dlia poiska i dobychi slantsevogo gaza sformirovan v Polshe“ [Consortium for the exploration and production of shale gas is formed in Poland]. Ria-Novosti. http://ria.ru/economy/20120704/691563206.html.
Lukin, O. “Hazovi resursy Ukrainy suchasnyi stan i perspektyvy osvoiennia“ [Ukraine gas resources present state and prospects of development]. Visnyk NAN Ukrainy, no. 5 (2011): 40-48.
“Metan ugolnykh plastov. Perspektivy razrabotki netraditsionnykh uglevodorodov na territorii SNG“ [Coalbed methane. Prospects for the development of unconventional hydrocarbons in the CIS]. http://journal.esco.co.ua/2012_6/art353.pd

Section: Economics and national economy management
UDC 005:65.011
Otenko V. I., Gromyko R. P.
Specific features of innovation development of engineering enterprises (p. 34 - 39)
The article analyses the modern state and prospects of engineering enterprises of Ukraine from the point of view of their innovation development. It identifies that the basis of strategic success of an enterprise are technical and technological changes, which result in organisational and personnel renovation and set a number of new requirements to managerial and marketing technologies. It forms main directions of technical and technological changes, compares them by the level of expenditures on studies and developments and also generalises groups of intangible assets, by which augmentation of innovation capabilities of enterprises is observed. It marks out specific features of innovation development of enterprises: integration processes, state support, personnel potential and also the existing development base.
Keywords: innovation development, technical and technological changes, strategy, personnel potential, integration
Fig.: 1. Tabl.: 2. Bibl.: 8.

Otenko Vasyl I. – Doctor of Sciences (Economics), Professor, Pro-rector, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: ovi@hneu.edu.ua
Gromyko Roman P. – Postgraduate Student, Department of Economic Analysis, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: ovi@hneu.edu.ua

Reference to this article:
Otenko, Vasyl I., and Gromyko, Roman P. (2013) “Specific features of innovation development of engineering enterprises.” The Problems of Economy 4:34–39.

List of references in article

Aaker, D. A.Strategicheskoe rynochnoe upravlenie [Strategic market management]. St. Petersburg: Piter, 2003.
Buzko, I. R., Vartanova, O. V., and Holubenko, H. O.Stratehichne upravlinnia investytsiiamy ta innovatsiina diialnist pidpryiemstva [Strategic investment management and innovation company]. Luhansk: SNU im. V. Dalia, 2002.
Velykyi, Yu. V. “Suchasne mashynobuduvannia: kryza ta ii prychyny“ [Modern engineering: the crisis and its causes]. Visnyk DonNUET, no. 4 (2010): 6-11.
“Yedynyi informatsiinyi masyv danykh“ [The only information data set]. Ofitsiinyi sait Derzhavnoi ustanovy «Ahentstva z rozvytku infrastruktury fondovoho rynku Ukrainy». www.stokmarket.gov.ua.
Ivanov, Yu. B.Konkurentosposobnost predpriiatiia: otsenka, diagnostika, strategiia [Competitiveness of enterprises: assessment, diagnosis, strategy]. Kharkiv: KhNEU, 2004.
Nalyvaiko, A. P.Teoriia stratehii pidpryiemstva. Suchasnyi stan ta napriamky rozvytku [The theory of business strategy. Current state and trends of development]. Kyiv: KNEU, 2001.
Otenko, I. P.Strategicheskoe upravlenie potentsialom predpriiatiia [Strategic talent management company]. Kharkiv: KhNEU, 2006.
Tompson, A. A., and Striklend, A. Dzh.Strategicheskiy menedzhment, iskusstvo razrabotki i realizatsii strategii [Strategic management, art design and implementation strategy]. Moscow: Banki i birzhi; YuNITI, 1998.

Section: Economics and national economy management
UDC 330.142:620.9
Ohrimenko O. O., Manaienko I. M.
Efficiency of the investment mechanism of electric energy companies: dialectics of qualitative and quantitative transformations (p. 40 - 47)
The article justifies a dialectic interconnection between the economic and investment mechanisms of an enterprise, which is mediated with the financial mechanism. The investment mechanism of the enterprise is divided into two components: mechanism of investment provision and management of investments, for which principles, functions and realisation tools are identified. The authors offer own definition of the “mechanism of investment provision of an innovation project”. The article identifies main determinants of investment provision of innovation development of electric energy enterprises. It conducts assessment of efficiency of the mechanism of investment provision of innovation projects of electric energy companies for three sources of investment means: IPO, bond issue and loans.
Keywords: determinants, electric energy, efficiency, investment mechanism, mechanism of investment provision
Fig.: 2. Tabl.: 5. Formulae: 2. Bibl.: 8.

Ohrimenko Oksana O. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of International Economics, National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute» (37 Beresteiskyi Ave., Kyiv, 03056, Ukraine)
Email: goth12@mail.ru
Manaienko Iryna M. – Candidate of Sciences (Economics), Associate Professor, Department of Management, National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute» (37 Beresteiskyi Ave., Kyiv, 03056, Ukraine)
Email: verholyad@ukr.net

Reference to this article:
Ohrimenko, Oksana O., and Manaienko, Iryna M. (2013) “Efficiency of the investment mechanism of electric energy companies: dialectics of qualitative and quantitative transformations.” The Problems of Economy 4:40–47.

List of references in article

Derhachova, V. V. “Ynnovatsyonno-ynvestytsyonnaia sostavliaiushchaia ustoichyvoho razvytyia enerhetyky Ukrayny“ [Innovation and investment component of sustainable energy development in Ukraine]. Ekonomichnyi visnyk NTUU «KPI», no. 9 (2012): 15-23.
Levytskyi, Yu. A. “Metodyky vyznachennia rivnia rozvytku rehionalnoho pidpryiemstva elektroenerhetyky ta rivnia spryiatlyvosti zovnishnyoho seredovyshcha dlia realizatsii stratehii ioho rozvytku“ [Method for determining the level of regional enterprises. power and ease of the environment for the implementation of its development strategy]. Finansovo-bankivski mekhanizmy derzhavnoho upravlinnia ekonomikoiu Ukrainy vol. 10, no. 122 (2009): 340-351.
Karaieva, N. V., Husieva, I. I., and Savytska, A. O.Ryzyk-menedzhment sub’iektiv enerhetychnoho rynku iak skladova mekhanizmu zabezpechennia enerhetychnoi bezpeky [Risk management for energy market as part of a mechanism to ensure energy security]. Kyiv: Sofiia-A, 2012.
Nedin, I. V., Shesterenko, (Bilko) O. V., and Derhacheva, V. V. “Naukovo-innovatsiinyi potentsial – investytsiinyi resurs elektroenerhetyky“ [Research and innovation potential - investment resource power]. Rozvidka i rozrobka naftovykh i hazovykh rodovyshch vol. 7, no. 36 (1999): 54-60.
Serebrenikov, B., and Nikolaichuk, IE. “Otsinka variantiv zaluchennia zovnishnyoho finansuvannia v enerhetyku Ukrainy“ [Assessment of options for external financing in the energy sector of Ukraine]. In Nauka moloda, 115-121. Ternopil: TNEU, 2008.
Innovatsiini priorytety palyvno-enerhetychnoho kompleksu Ukrainy [Innovation priorities for the fuel and energy complex of Ukraine]. Kyiv: Ukrainski entsyklopedychni znannia, 2005.
Chastokolenko, Y. P. “Ynnovatsyonnye reshenyia v proyzvodstve elektroenerhyy kak sposob uluchshenyia fynansovo-ekonomycheskykh pokazatelei enerhopredpryiatyi“ [Innovative solutions in the production of electricity as a way to improve the financial and economic indicators utilities]. Visnyk SumDU. Ekonomika, no. 6 (2003): 79-88.
Okhrimenko, O. O. “Upravlenie riskami predpriiatiy elektroenergetiki“ [Risk management of electric utilities]. Strakhovye interesy sovremennogo obshchestva i ikh obespechenie. Saratov: SGU, 2013. 91-97.

Section: Economics and national economy management
UDC 330.34.01/341 : 331.102.312
Tiutiunnykova S. V., Savytska N. L.
Problems of formation of human potential on the way to the knowledge economy in Ukraine (p. 48 - 54)
The article outlines main problems of formation of the domestic human potential on the way to the knowledge economy. It uses general scientific methods of formal and dialectic logic, modern technique of system analysis, scientific abstraction, synthesis, systematisation and generalisation. It marks out main obstacles of transformation of human potential into the factor of economic development: destruction of macro-economic reproduction proportions, institutional and value motivational grounds of human economic behaviour. It identifies that the problem of building the knowledge economy in Ukraine lies not only in institutional transformations, backwardness of the material and technical base of conducting studies, flowing of scientific personnel abroad and deformed demographic state, but also in qualities of a human being as a creator of knowledge. It proves a necessity of providing economy and society with the following determinants so required for the new economy: formation of a human being as a subject of development, production environment, propagation and accumulation of knowledge based on newest technologies of material production and adequate institutions of economic development.
Keywords: human potential, economic development, knowledge economy, subject of development
Bibl.: 20.

Tiutiunnykova Svetlana V. – Doctor of Sciences (Economics), Professor, Professor, Department of Economic Theory and Economic Methods of Management, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Savytska Nataliia L. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Marketing and Commercial Activities, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: natalisavitska2010@gmail.com

Reference to this article:
Tiutiunnykova, Svetlana V., and Savytska, Nataliia L. (2013) “Problems of formation of human potential on the way to the knowledge economy in Ukraine.” The Problems of Economy 4:48–54.

List of references in article

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Petrosian, D. S. “Institutsionalnye patologii natsionalnoy ekonomiki“ [Institutional pathology of the national economy]. Audit i finansovyy analiz, no. 2 (2007): 372-391.
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Krychevska, T. “Instytut doviry v ekonomitsi ta suspilstvi (ohliad za materialamy mizhnarodnoi naukovoi konferentsii)“ [Institute of confidence in the economy and society (Review International scientific conference)]. Ekonomichna teoriia, no. 6 (2010): 157-167.

Section: Economics and national economy management
UDC 378.14
Iastremska O. M., Romashova Y. V.
Methodical approach to organisation of the foreign students education process (p. 55 - 61)
The goal of the article is development of a methodical approach to organisation of the process of education of foreign students with consideration of existing problems and proposals on their solution on the basis of formation of necessary competences in the process of education. In order to clarify specific features of education of foreigners, the article analyses general problems that foreign students face at different stages of education in Ukraine: before entering a college, in the process of education and after getting the diploma. The article finds out that most of such problems could be solved at the college level. It justifies a necessity of development of a methodical approach to organisation of the process of education of foreign students with consideration of existing problems. It offers within the methodical approach: a joint effort of the Ukrainian language and professional subjects teachers, increase of the role of oral communication in education, attraction of Ukrainian students as curators and use of adapted courses, including with information technologies. It recommends the use of various types of “practices” as a complex of forms, methods and technologies of education with the priority of mastering knowledge through consideration of problem situations, search for solution in the dialogue mode. It determines that approaches to organisation and methods of education could be different for Ukrainian and foreign students and requirements to quality of the level of competences should be common for all. The proposed recommendations on organisation of education of foreigners would allow increase of quality of education and creation of the positive image of both a college and country in general.
Keywords: foreign students, quality of education, competence, methodical approach to organisation of the education process
Fig.: 1. Tabl.: 2. Bibl.: 10.

Iastremska Olena M. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Management, Logistics and Innovations, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: Iastremska_om@hneu.net
Romashova Yanina V. – postgraduate student of the Department of Political Economy, Deputy Head of Curriculum and Instruction Department of Kharkov National University of Economics

Reference to this article:
Iastremska, Olena M., and Romashova, Yanina V. (2013) “Methodical approach to organisation of the foreign students education process.” The Problems of Economy 4:55–61.

List of references in article

Huang, K. “Campus Mental Health: The Foreigner at Your Desk“Journal of the American College Health vol. 25, no. 3 (1977): 216-219.
Bocheva, H., Bondarenko, O., and Kholondovych, I. “Inozemni studenty v Ukraini: osvita chy ekspluatatsiia?“ [Foreign students in Ukraine: Education or exploitation?]. http://noborders.org.ua/wp-content/uploads/2012/03/Education_or_exploitation_ UKR_pdf.pdf.
Dementeva, S. V., and Giniiatova, E. V. “Uchebnaia migratsiia v Tomskiy politekhnicheskiy universitet: mekhanizmy i praktiki effektivnoy adaptatsii“ [Educational migration in Tomsk Polytechnic University: mechanisms and practices of effective adaptation]. Izvestiia TPU vol. 321, no. 6 (2012): 187-190.
Kolchina, V. V. “Strukturnaia kharakteristika innovatsionno-predprinimatelskoy kompetentnosti budushchego menedzhera – studenta vuza“ [Structural characterization of innovation and entrepreneurial competence future manager - a student of the university]. http://vestnikkaf.esrae.ru/1-17.
[Legal Act of Ukraine] (2006). http://document.ua/pro-vivchennja-ukrayinskoyi-rosiiskoyi-movi-inozemnimi-stude-doc119238.html.
[Legal Act of Ukraine] (2012). http://zakon2.rada.gov.ua/laws/show/2984-14.
Ponomarenko, V. S.Problemy pidhotovky kompetentnykh ekonomistiv ta menedzheriv v Ukraini [Problems of competent economists and managers in Ukraine]. Kharkiv: INZhEK, 2012.
Fernkhem, A., and Bochner, S. “Psikhologiia dlitelnogo prebyvaniia za rubezhom: studenty“ [Psychology long stay abroad students]. Razvitie lichnosti, no. 2 (2001): 136-167.
Chemerys, O. A. “Yakist osvity iak zahalna tendentsiia ievropeiskoi intehratsii“ [The quality of education as the general trend of European integration]. Visnyk ZhDU, no. 25 (2005): 219-221.
Shyfrina, N. I. “Vyshcha osvita iak osnova formuvannia i rozvytku intelektualnoho potentsialu suspilstva“ [Higher education as a basis for the formation and development of intellectual potential of society]. Biznes Inform, no. 6 (2013): 234-241.

Section: Economics and national economy management
UDC 657.47:631.15:633.63
Biryuk E. G., Korol V. V.
Technology of budgeting as a tool of managing sugar beet production (p. 62 - 69)
The article considers main methodical principles of development of the system of budgets of sugar beet production. The article analyses, systemises and generalises theoretical developments of scientists and takes into account practice of agricultural enterprises to prove that the most prospective of the process oriented approach to budgeting. It considers main directions of budgeting as a control tool. It identifies topical problems of the budgeting process in integration agro-industrial formations. It offers a form of budget of sugar beet production with consideration of the branch specific features in order to increase efficiency of functioning of beet producing enterprises. It considers specific features of formation of budgets of material expenditures, labour payment expenditures and other direct expenditures. The developed form of the consolidated budget of production expenditures and sugar beet cost value takes into account the data of previously formed budgets and allows calculation of planned indicators of production cost value of products. The article argues that the budgeting as a form of control for efficient management of sugar beet production should take into account the modern control concepts – COSO-ERM. The prospect of further studies is accounting risks when developing and controlling budget execution, which would give a possibility of warning or minimising negative phenomena for sustainable development of agricultural enterprises.
Keywords: budgeting, production, sugar beet, control, management
Tabl.: 2. Bibl.: 12.

Biryuk Elena G. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of accounting, analysis and audit in the AIC, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: biruk_kneu@mail.ru
Korol Viktoriya V. – Assistant, Department of Accounting, Analysis and Audit, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: vika3108@mail.ru

Reference to this article:
Biryuk, Elena G., and Korol, Viktoriya V. (2013) “Technology of budgeting as a tool of managing sugar beet production.” The Problems of Economy 4:62–69.

List of references in article

Bilyk, M. D.Biudzhetuvannia diialnosti sub\'iektiv hospodariuvannia [Budgeting business entities]. Kyiv: KNEU, 2013.
Dobrovolskiy, E., Karabanov, B., and Borovko, P.Biudzhetirovanie: shag za shagom [Budgeting: step by step]. St. Petersburg: Piter, 2005.
Kuzmin, O. IE., and Melnyk, O. H.Biudzhetuvannia v systemi upravlinnia orhanizatsiieiu: teoretychni ta prykladni zasady [Budgeting in the management of the organization: theoretical and applied principles]. Kyiv: Kondor, 2007.
Samochkin, V. N., Timofeeva, O. A., and Kaliukin, A. A. “Uchet riska pri priniatii upravlencheskikh resheniy na etape formirovaniia biudzheta“ [Accounting for risk management decisions at the stage of the budget]. http://www.mevriz.ru/articles/2000/3/865.html.
Ternovykh, V. K., and Pliakina, A. A. “Formirovanie biudzhetnogo planirovaniia v integrirovannykh obedineniiakh APK“ [Formation of budget planning in integrated agribusiness associations]. Vestnik VGU, no. 3 (2010): 58-62.
Khrutskiy, V. E., and amaiunov, V. V.Vnutrifirmennoe biudzhetirovanie: Nastolnaia kniga po postanovke finansovogo planirovaniia [Intra-budgeting: Handbook statement of financial planning]. Moscow: Finansy i statistika, 2008.
Brimson, J. A., Antos, J., and Collins, J.Driving Value Using Activity-Based BudgetingNew York: John Wiley, 1999.
“Enterprise Risk Management – Integrated Framework“ http://www.coso.org.
“Guidelines for Internal Control Standards for the Public Sector“ http://www.issai.org/media(574,1033)/INTO-SAI_GOV_9100_E.pdf.
“Internal Control – Integrated Framework / Committee of Sponsoring Organizations of the Treadway Commission (COSO)“ http://www.coso.org
Hope, J., and Fraser, R.Beyond Budgeting: How Managers Can Break Free from the Annual Performance: Trap Harvard Business Press, 2003.
Tsay, B.-Yi. “Designing an Internal Control Assessment Program Using COSO’s Guidance on Monitoring“The CPA Journal (2010): 52-57.

Section: Economics and national economy management
UDC 330.322
Vatamanyuk-Zielinska U. Z.
Specific features of the process of attraction of foreign investments for formation of industrial integration associations (p. 70 - 75)
The article analyses indicators of economic development of Ukraine in the stock market context, in particular, indicators of the volume of attracted investments into economy of the country through the stock market instruments during 2008 – 2013. The goal of the article lies in identification of methods of guaranteeing the process of bringing investments back into the Ukrainian economy through the stock market instruments. Such an approach would ensure a necessary financial support and development for integration structures of business. In the result of the study the article presents individual methods of integration interaction with consideration of participation of the state in formation of integration associations by means of their material (non-material) support. Prospects of further studies in this direction are methods of unification of financial and industrial capital. They envisage establishment of integration structures, which ensure themselves advantages in production and financial spheres, expanding their activity in various fields of the national economy. Formation of new organisational and production systems, creation of corporate networks by integration structures and propagation of these processes over financial and industrial groups, international associations and markets stimulates to search for new principles of organisation of economy.
Keywords: integration structures, globalisation, attracted investments, stock market instruments
Fig.: 1. Tabl.: 1. Bibl.: 13.

Vatamanyuk-Zielinska Uliana Z. – Doctor of Sciences (Economics), Professor, Professor, Department of Financial Management, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79000, Ukraine)
Email: watamanyuk@ukr.net

Reference to this article:
Vatamanyuk-Zielinska, Uliana Z. (2013) “Specific features of the process of attraction of foreign investments for formation of industrial integration associations.” The Problems of Economy 4:70–75.

List of references in article

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Dolinchuk, S. “Prognoziruia budushchee «Ukrtatnefti», eksperty govoriat o raznykh vozmozhnykh variantakh razvitiia sobytiy“ [Predicting the future \"Ukrtatneft\", the experts say about the different possible scenarios]. Ekonomicheskie izvestiia. http://markets.eizvestia.com/full/kolomojskij-mozhet-poteryat-kremenchugskij-npz.
“UAIB: Kontseptsiia zakonoproektu «Pro fond harantuvannia investytsii na fondovomu rynku gruntuietsia na khybnykh pidkhodakh i ne zabezpechyt zakhystu investoriv“ [UAIB: Concept of Law \"On Investment Guarantee Fund in the stock market -based approaches false and does not provide the protection of investors]. Ukrainska Asotsiatsiia Investytsiinoho biznesu. http://www.uaib.com.ua/about_uaib/vectors/fond_gar/186556.html.
Slobodian, O. “Fond harantuvannia investytsii na fondovomu rynku Ukrainy iak afera derzhavnoho masshtabu“ [Guarantee Fund investments in the stock market scam as Ukraine national scale]. http://blogs.lb.ua/oleksandr_slobodyan/234852_fond_garantuvannya_investitsiy.htm.

Section: Economics and national economy management
UDC 338.47
Zhebka V. V., Kapelyushna T. V.
Analysis of activity and factors of development of fixed telephony in Ukraine (p. 76 - 82)
The article analyses the Ukrainian market of fixed telephony, which demonstrates reduction of users and income. It reveals that the service has not yet achieved its saturation, which the data of density of telephony testifies to, moreover, there is an irregularity of their territorial provision. The article marks out importance of the telecommunication sphere and communication enterprises for the national economy, need of their stable functioning within the framework of development of any country and provision of the population with accessible services of the relevant quality and also a possibility of getting them independently of geographical location for increase of quality of life of the population in the nearest future. This, in its turn, justifies urgency of study of this problem under conditions of the stagnating market of fixed telephony both in Ukraine and in the world. The article conducts analysis of the modern state of the market and identifies main factors that influence the fixed telephony service, establishes close links between factors of influence and income from the service, which would allow future development of stabilisation measures directed at sustainable development of the fixed telephony.
Keywords: fixed telephony, sustainable development, factors of development
Fig.: 3. Tabl.: 3. Bibl.: 12.

Zhebka Valentyn V. – Candidate of Sciences (Economics), Professor, Director, Institute of Humanitarian Technologies, State University of Information and Communication Technology (7 Solomenska Str., Kyiv, 03110, Ukraine)
Email: novychenko@ukr.net
Kapelyushna Tetyana V. – Postgraduate Student, Department of Economics, State University of Information and Communication Technology (7 Solomenska Str., Kyiv, 03110, Ukraine)
Email: 270707@mail.ru

Reference to this article:
Zhebka, Valentyn V., and Kapelyushna, Tetyana V. (2013) “Analysis of activity and factors of development of fixed telephony in Ukraine.” The Problems of Economy 4:76–82.

List of references in article

Dimitrova, N. S., Zhadanova, Yu. O., and Spilna, N. P. “Shliakhy pidvyshchennia prybutkovosti filii PAT «Ukrtelekom»“ [Ways to improve the profitability of the branch JSC \"Ukrtelecom\"]. Ekonomika ta upravlinnia v umovakh pobudovy informatsiinoho suspilstva. Odesa: ONAZ, 2012.
[Legal Act of Ukraine] (2004).
Ibrahimov, E. E.. “Orhanizatsiino-ekonomichnyi mekhanizm zabezpechennia rozvytku telekomunikatsiinoi haluzi v Ukraini“ [Organizational-economic mechanism to ensure the development of the telecom sector in Ukraine]. avtoref. dys. kand. ekon. nauk: 08.00.03, 2008.
Kniazeva, E. A. “Sovremennye problemy razvytyia telekommunykatsyonnoi sfery“ [Modern problems of development of the telecommunications sector]. In Suchasni tendentsii ekonomichnoi teorii i praktyky: svitovyi dosvid ta vitchyzniani realiiKherson: Vydavnytstvo KhDU, 2011.
Helei, L. O. “Ekonomichna efektyvnist iak naslidok funktsionuvannia hospodarskykh system“ [Economic efficiency as a result of the functioning of economic systems]. Naukovyi visnyk NLTU Ukrainy, no. 10 (2008): 180-182.
Hrebennikov, V. O. “Analiz rozvytku telekomunikatsii nezalezhnoi Ukrainy“ [Analysis of the telecommunications independent Ukraine]. Zv’iazok, no. 2 (2010).
Kapeliushna, T. V. “Potentsial informatsiino-komunikatsiinykh tekhnolohii v realizatsii interesiv staloho rozvytku“ [The potential of information and communication technologies in the implementation of sustainable development]. Ekonomika. Menedzhment. Biznes, no. 1(5) (2012): 48-53.
Holoven, O. V. “Ekonomiko-matematychnyi instrumentarii otsinky vplyvu faktoriv zovnishnyoho seredovyshcha na diialnist pidpryiemstva“ [Economic- mathematical tools assess the impact of environmental factors on the company]. Visnyk SumDU. Ekonomika, no. 1 (2011): 59-65.
Oliinyk, D. I. “Metodychni pidkhody shchodo analizu rynku telekomunikatsiinykh posluh v Ukraini“ [Methodological approaches to the analysis of the telecommunication services market in Ukraine]. Naukovyi visnyk NLTU Ukrainy, no. 17.3 (2007): 328-335.
“Stan i rozvytok zv’iazku v Ukraini za 2007–2012 roky“ [Status and development of communication in Ukraine for 2007-2012]. http://www.ukrstat.gov.ua.
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“Richna finansova zvitnist PAT «Ukrtelekom» za 2007 – 2010 rr.“ [Annual financial statements of JSC \"Ukrtelecom \" for 2007 - 2010]. www.smida.gov.ua/db/emitent/report/year/show/101376

Section: Economics and national economy management
UDC 334.012
Kizyun A. G.
System approach to development of co-operation of tourism companies (p. 83 - 89)
Analysis of economic state of tourism enterprises of the regional level, developed in the phase of economic recession, allows stating that economic stability should be based on use of anti-crisis models, one of which is the model of co-operation in organisation of the regional tourism business. The article offers to consider the mechanism of development of co-operation as a dynamic system of interconnections of enterprises of the tourism industry and business operations carried out during a certain period of time. These interconnections are characterised with quality and formed with the help of certain methods of assessment and ensuring of necessary reliability of partners in tourism business. These interconnections influence efficiency of the regional tourism production. This issue requires innovation comprehension of traditional economic theories and principles and also complex development of methodological issues within this set of problems.
Keywords: tourism business, co-operation model, dynamic system, tour operator, ranking of regions, system emergency
Fig.: 3. Tabl.: 1. Bibl.: 9.

Kizyun Alla G. – Candidate of Sciences (Geography), Associate Professor, Department of Tourism and the hotel and restaurant business, Vinnitsa Institute of Trade and Economy of Kyiv National University of Trade and Economy (87 Soborna Str., Vinnytsia, 21050, Ukraine)
Email: akizyun@gmail.com

Reference to this article:
Kizyun, Alla G. (2013) “System approach to development of co-operation of tourism companies.” The Problems of Economy 4:83–89.

List of references in article

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Teoriia sistemnogo menedzhmenta [Theory of system management]. Moscow: Ekzamen, 2002.
Simenko, I. V. “Evoliutsiia systemnoho pidkhodu iak metodolohichna osnova doslidzhennia system upravlinnia“ [The evolution of the system approach as a methodological basis of research systems]. http://www.nbuv.gov.ua/Portal/Soc_Gum/intelekt/2008_6/53.pdf.
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Oryshchuk, N. V. “Systemnyi pidkhid do vyznachennia efektyvnosti rozvytku merezhi rozdribnoi torhivli“ [The systematic approach to determine the effectiveness of online retail]. Visnyk NUVHP. Ekonomika vol. 2, no. 2(26) (2004): 107-112.
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Shulhina, L. M.Marketynh pidpryiemstv turystychnoho biznesu [Marketing in tourism business]. Kyiv: KNTEU, 2005.

Section: Economics and national economy management
UDC 330.338
Kozak L. V.
Interconnection of the level of production intensity and results of activity of agricultural enterprises (p. 90 - 98)
The goal of the study is assessment of interconnection between the level of production intensity and results of activity of agrarian enterprises and identification of economic effects from increase of prices on agricultural products and resources for their production. Using the regression analysis the author identifies the degree and character of influence of expenditures per hectare of crop (one head of livestock) upon crop and livestock yield. Quantitatively, the degree of approximation of the correlation connection to functional linear dependence was assessed with the help of the Pearson correlation ratio and statistical assessment of its significance with the help of the Student criterion. On the basis of analysis of dynamics of parameters of regression equations for various years, the author conducts assessment of economic effect from growth of cost of resources used in the process of production and identifies the degree of influence of other the studied factors upon the resultant indicators. Supplementing the study with the factor analysis allowed the author identification of the aggregate economic effect from growth of prices of agricultural products and production resources for their production for 2005 – 2012. The result of the conducted study is the author’s conclusion that economic conditions of functioning of domestic agrarian enterprises and their possibilities of introduction intensive technologies into production deteriorate every year, since the growth of prices on production resources had an outstripping rate during the studied period. Scientific novelty of the conducted study lies in a combination of methods of the regression, factor and dynamic analysis, which allowed the author’s assessment of development of the said processes in a complex and as a system. Practical value of the revealed tendencies of dynamics of parameters of regression equations lies in the fact that they give a possibility to develop a number of proposals with respect to maintaining competitive positions of domestic agrarians in the domestic and world markets.
Keywords: results of activity of agricultural enterprises, production intensity, crop yield, livestock yield, factor analysis, regression analysis
Fig.: 1. Tabl.: 6. Formulae: 1. Bibl.: 11.

Kozak Lyudmyla V. – Candidate of Sciences (Economics), Associate Professor, Dean, Faculty of Economics, The National University of Ostroh Academy (2 Seminarska Str., Ostroh, 35800, Ukraine)
Email: lyudmyla.kozak@oa.edu.ua

Reference to this article:
Kozak, Lyudmyla V. (2013) “Interconnection of the level of production intensity and results of activity of agricultural enterprises.” The Problems of Economy 4:90–98.

List of references in article

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Dem\'ianenko, S. I., and Niv\'ievskyi, O. V.Kilkisnyi analiz ta modeliuvannia ahrarnykh rynkiv [Quantitative analysis and modeling of agricultural markets]. Kyiv: KNEU, 2008.
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Shpychak, O. M., Bodnar, O. V., and Voskobiinyk, Yu. P.Formuvannia vytrat vyrobnytstva silskohospodarskoi produktsii ta ikh monitorynh v peredovykh krainakh svitu [Formation costs of agricultural production and monitoring in advanced countries]. Kyiv: NNTs IAE, 2012.
Shpychak, O. M., Mazorenko, D. I., and Mazniev, H. IE.Tekhnolohii ta normatyvy vytrat na vyroshchuvannia kormovykh zernofurazhnykh kultur [Technologies and standards costs of cultivation of fodder crops zernofurazhnyh]. Kyiv: NNTs IAE, 2009.
Yastremskyi, O. I, and Hryshchenko, O. H.Osnovy mikroekonomiky [Foundations of Microeconomics]. Kyiv: Znannia, 2007.
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Section: Economics and national economy management
UDC 338.24
Kolupaieva I. V.
State regulatory policy: essence and principles of formation (p. 99 - 107)
The article justifies theoretical grounds of the state regulatory policy. It identifies that the regulatory policy is considered by scientists from the legal, state administrative and economic points of view. It conducts analysis of scientific literature devoted to mechanisms of formation and realisation of the state regulatory policy. It generalises results regarding definition of the “regulatory policy” term. The article underlines that the use of tax instruments should become the main tool of state regulation of economy, which is directed at stimulation of legal economic activity of economic subjects and de-shadowing of business. It analyses principles of regulatory policy, which are defined by the legislation, and also principles, which are added by scientists. The author justifies and adds principles of regulatory policy with consideration of modern tendencies of economic development: principle of scientific justification and principle of competence.
Keywords: state regulatory policy, regulatory act, principles of regulatory policy
Fig.: 1. Tabl.: 1. Bibl.: 23.

Kolupaieva Irina V. – Doctor of Sciences (Economics), Professor, Professor, Department of Economic Cybernetics and Management of Economic Security, Kharkіv National University of Radioelectronics (14 Nauky Ave., Kharkіv, 61166, Ukraine)
Email: irina.kolupaieva@nure.ua

Reference to this article:
Kolupaieva, Irina V. (2013) “State regulatory policy: essence and principles of formation.” The Problems of Economy 4:99–107.

List of references in article

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Kulyk, S. M. . “Derzhavna rehuliatorna polityka spryiannia rozvytku maloho pidpryiemnytstva“ [State regulatory policies to promote small business]. avtoref. dys. . . kand. nauk z derzh. upr. : 25. 00. 02, 2007.
Yuldashev, O. Kh. Problemy vdoskonalennia derzhavnoi rehuliatornoi polityky v Ukraini [The problems of state regulatory policy in Ukraine]. Kyiv: MAUP, 2005.
Malyha, V. A. “Rehuliatorna polityka iak napriam vdoskonalennia pravovoho rehuliuvannia hospodarskykh vidnosyn“ [Regulatory policy as the direction of improving the legal regulation of economic relations]. Nashe pravo vol. 2, no. 1 (2011): 131-137.
Kolupaeva, I. V. “Sotsialne partnerstvo chy pohlyblennia konkurentsii – stratehichnyi vektor realizatsii ekonomichnoho potentsialu“ [Social partnership or deepening competition - strategic vector realization of economic potential]. Visnyk KhNU imeni V. N. Karazina. Ekonomika, no. 754 (2006): 54-58.
Melnyk, T. M. . “Rozvytok natsionalnoi rehuliatornoi polityky v protsesi stanovlennia hlobalnoi torhovelnoi systemy“ [Development of national regulatory policies in the process of the global trading system]. avtoref. dys. . . d-ra ekon. nauk : 08. 00. 02, 2009.
Bilozir, L. M. . “Formuvannia hlobalnoi rehuliatornoi polityky u sferi torhivli silskohospodarskoiu produktsiieiu“ [Formation of global regulatory policy in agricultural trade]. avtoref. dys. . . kand. ekon. nauk: 08. 00. 02. , 2008.
Osadcha, N. V. “Tsili, zavdannia ta pryntsypy rehuliatornoi polityky v mytnii sferi“ [Goals, objectives and principles of regulatory policy in the field of customs]. Ekonomichnyi visnyk Donbasu, no. 1 (19) (2010): 69-82.
Yasinovska, I. F. “Derzhavna rehuliatorna polityka v sferi pidpryiemnytstva ta ii vplyv na diialnist sub’iektiv hospodariuvannia“ [Of regulatory policy in the field of entrepreneurship and its impact on the activities of entities]. Innovatsiina ekonomika, no. 5 (31) (2012): 312-315.
Hlushchenko, O. O. . “Rehuliatorna polityka strymuvannia nelehalnoho pidpryiemnytstva“ [Regulatory policy deter illegal business]. avtoref. dys. . . kand. ekon. nauk: 08. 00. 03, 2009.
“Tendentsii tinyovoi ekonomiky v Ukraini u I kvartali 2012 roku“ [Trends in the shadow economy in Ukraine in the first quarter of 2012]. Ofitsiinyi sait Ministerstva ekonomichnoho rozvytku i torhivli Ukrainy. http: www. me. gov. ua/.
Kolupaieva, I. V., and Prykhodko, N. I. “Pilhova stavka z podatku na prybutok pidpryiemstv iak stymul rozvytku ekonomiky“ [Reduced rate of corporate income tax as an incentive to economic development]. Ekonomika rozvytku, no. 4 (60) (2011): 98-101.
Shvets, Yu. Yu. . “Rehuliatorna polityka derzhavy v upravlinni iakistiu ta konkurentospromozhnistiu posluh“ [Regulatory policy in managing the quality and competitiveness of services]. avtoref. dys. . . . kand. ekon. nauk : 08. 00. 03, 2009.
Liashenko, V. I. . “Rehuliatorna polityka v Ukraini: metodolohiia formuvannia ta rezhymy realizatsii v sferi maloho pidpryiemnytstva“ [Regulatory Policy in Ukraine : methodology development and modes of implementation in small businesses]. avtoref. dys. . . d-ra ekon. nauk: 08. 00. 03. , 2008.
[Legal Act of Ukraine] (2003). Ofitsiinyi sait Verkhovnoi Rady Ukrainy. http: zakon1. rada. gov. ua/.
Balabenko, O. V. . “Udoskonalennia mekhanizmu realizatsii rehuliatornoi polityky derzhavy“ [Improving the mechanism for implementing regulatory policy]. avtoref. dys. . . kand. ekon. nauk: 08. 00. 03, 2008.
Pyvovarchuk, L. V. “Rehionalna rehuliatorna polityka ta rozvytok maloho pidpryiemnytstva“ [Regional Regulatory Policy and Small Business]. Problemy ratsionalnoho vykorystannia sotsialno-ekonomichnoho ta pryrodno-resursnoho potentsialu rehionu: finansova polityka ta investytsii, no. 3 (2010): 83-92.
Shuliuk, IE. V. . “Rehuliatorna polityka derzhavy u zabezpechenni systemy upravlinnia enerhozberezhenniam v Ukraini“ [Regulatory policy in ensuring energy efficiency management system in Ukraine]. avtoreferat. . . kand. ekon. nauk, spets. : 08. 00. 03, 2012.
“Informatsiia shchodo vykonannia rehuliatornymy orhanamy vymoh Zakonu shchodo dotrymannia pryntsypiv derzhavnoi rehuliatornoi polityky u 2012 rotsi“ [Information on regulatory requirements by law to comply with the principles of regulatory policy in 2012]. Ofitsiinyi sait Derzhavnoi sluzhby Ukrainy z pytan rehuliatornoi polityky ta rozvytku pidpryiemnytstva. http: www. dkrp. gov. ua/.
“Shchodo shliakhiv vdoskonalennia realizatsii rehuliatornoi polityky v Ukraini: Analitychna zapyska“ [As for ways to improve the implementation of regulatory policy in Ukraine : Policy Brief]. Ofitsiinyi sait Natsionalnoho instytutu stratehichnykh doslidzhen pry Prezydentovi Ukrainy. http: www. niss. gov. ua.
Kolesnichenko, V. V. “Pryntsypy prava IEvropeiskoho Soiuzu u svitli lisabonskoho dohovoru“ [The principles of European Union law in the light of the Lisbon Treaty]. Aktualni problemy polityky, no. 36 (2009): 181-187.

Section: Economics and national economy management
UDC 330.341:664
Kotkova N. S.
Technical and technological renovation of the Ukrainian food industry: factors of investment and innovation development (p. 108 - 115)
Under conditions of globalisation of the food market, expansion of zones of free trade and unification of standards and technical conditions, the Ukrainian food industry requires technical and technological re-equipment, which is possible only on the basis of investment and innovation development. The process of technical and technological renovation of the food industry enterprises should be directed at intensification of production as the means of increase of efficiency of production and increase of competitiveness. Shortage of investments results in fast ageing of the technical and technological base of food industry enterprises, which explains incompatibility of the level of domestic enterprises and, consequently, domestic products with European requirements.
Keywords: technical and technological renovation, food industry, Global Innovation Index, innovation activity, investment and innovation provision
Tabl.: 5. Bibl.: 11.

Kotkova Nataliya S. – Candidate of Sciences (Economics), Senior Research Fellow, Institute of Food Resources NAAS of Ukraine (4a Yevhena Sverstiuka Str., Kyiv, 02660, Ukraine)
Email: nataly_393@mail.ru

Reference to this article:
Kotkova, Nataliya S. (2013) “Technical and technological renovation of the Ukrainian food industry: factors of investment and innovation development.” The Problems of Economy 4:108–115.

List of references in article

Deineko, L. V., and Sheludko, E. I. “Innovatsiinyi rozvytok i stan materialno-tekhnichnoi bazy v kharchovii promyslovosti“ [Innovation development and the state of logistics in the food industry]. Problemy ta perspektyvy rozvytku innovatsiinoi diialnosti v Ukraini. Kyiv: KNTEU, 2011.42-44.
“Derzhavna sluzhba statystyky Ukrainy. Publikatsii. Statystyka nauky ta innovatsii“ [State Statistics Service of Ukraine. Publications. Statistics of science and innovation]. http: www. ukrstat. gov. ua.
rysanov, D. F. “Konkurentospromozhnist ahrarnoho sektoru Ukrainy: skladovi iakosti ta bezpeky“ [Competitiveness of Ukraine\'s agricultural sector: the components of quality and safety]. Visnyk Instytutu ekonomiky ta prohnozuvannia, no. 1 (2007): 86-88.
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Sychevskyi, M. P. “Naukove obgruntuvannia stratehii rozvytku ahroprodovolchoho kompleksu Ukrainy“ [Scientific rationale for the development strategy of the agroindustrial complex of Ukraine]. Visnyk ahrarnoi nauky, no. 12 (2011): 5-9.
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Section: Economics and national economy management
UDC 369.041:614(477)
Malyovanyy M. I.
State and problems of state financing of the healthcare in Ukraine (p. 116 - 124)
The article analyses the state and specific features of financial provision of the healthcare system in Ukraine compared to other countries of the world. It proves existence of dependence between the general healthcare expenditures and life expectancy of the population. Using the curve of production possibilities, the article determines the level of deficit of financial resources in the medical sphere. It used exponential regression by unit logarithmic scale for calculation. Analysis was conducted with the use of indicators by 184 countries of the world (data for 2011 were taken), which were divided into 9 groups, depending on the level of GDP per capita, with the help of analytical grouping. In the result of the calculation it was determined that in order to achieve indicators of developed countries, which characterise efficiency of the healthcare system activity, Ukraine needs to additionally spend USD 36.2 thousand million annually. The article marks out main reasons of inefficiency of use of financial resources in the Ukrainian healthcare system, which allowed assessing the potential saving of state funds from increase of efficiency by groups of analysed components.
Keywords: financial provision, healthcare, budget, state finance, financial resources
Fig.: 2. Tabl.: 5. Bibl.: 20.

Malyovanyy Mykhaylo I. – Candidate of Sciences (Economics), Associate Professor, Department of Finance and Credit, Uman National University of Horticulture (1 Instytutska Str., Uman, Cherkaska obl., 20305, Ukraine)
Email: mihaiiiil@mail.ru

Reference to this article:
Malyovanyy, Mykhaylo I. (2013) “State and problems of state financing of the healthcare in Ukraine.” The Problems of Economy 4:116–124.

List of references in article

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Section: Economics and national economy management
UDC 331.36
Martynenko M. V., Petrenko O. O.
Functional approach to formation of the adaptive system of professional training of industrial workers (p. 125 - 133)
The article justifies a functional approach to formation of the adaptive system of professional training of industrial workers using example of engineering enterprises of the Kharkiv region. It provides ten factors that influence the system of professional training of workers. Use of the factor and criterion model allows determination of the general level of adaptation of the system and adaptation to influence of individual factors. Modelling with structural equations results in determination of the degree of adaptability of the system of professional training of workers. Use of the method of hierarchies allows establishment of priorities of management functions depending on the degree of adaptability of this system. The improved methodical approach to formation of the adaptive system of professional training of industrial workers, unlike the existing approaches, is based on identification and further comparison of the level of adaptation and degree of adaptability of the system, and justification, on its basis, of matrices of measures by adaptive management of this system, which take into account priority of management functions with a relevant degree of adaptability of the system of professional training of workers.
Keywords: adaptation, adaptive system, system of professional training of workers, functional approach, adaptation level, adaptability degree
Fig.: 8. Tabl.: 2. Bibl.: 12.

Martynenko Maryna V. – Candidate of Sciences (Economics), Associate Professor, Department of Management, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: mrnmartynenko@gmail.com
Petrenko Oleksandr O. – Candidate of Sciences (Economics), Associate Professor, Department of Management, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: petrenko10@inbox.ru

Reference to this article:
Martynenko, Maryna V., and Petrenko, Oleksandr O. (2013) “Functional approach to formation of the adaptive system of professional training of industrial workers.” The Problems of Economy 4:125–133.

List of references in article

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Balabanova, L. S., and Sardak, O. V. Upravlinnia personalom [Human Resource Management]. Kyiv: Tsentr uchbovoi literatury, 2011.
Havkalova, N. L., and Markova, N. S. Menedzhment personalu [Management staff]. Kharkiv: INZhEK, 2009.
Hrynyova, V. M., and Yastremska, O. M. Problemy upravlinnia trudovymy resursamy pidpryiemstva [Problems workforce management company]. Kharkiv: KhNEU, 2006.
Kibanov, A. Ya. Upravlenie personalom organizatsii: strategiia, marketing, internatsionalizatsiia [Personnel management: strategy, marketing, internationalization]. Moscow: INFRA-M, 2009.
Krushelnytska, O. V., and Melnychuk, D. P. Upravlinnia personalom [Human Resource Management]. Kyiv: Kondor, 2005.
Ponomarenko, V. S., Hrynyova, V. M., and Nazarova, H. V. Upravlinnia trudovym potentsialom [Managing labor potential]. Kharkiv: KhNEU, 2006.
Savchenko, V. A. Upravlinnia rozvytkom personalu [Management of staff]. Kyiv: KNEU, 2002.
Glagolev, S. N. . “Formirovanie ekonomicheskogo mekhanizma gibkogo razvitiia promyshlennogo predpriiatiia“ [Formation of flexible economic mechanism of development of industrial enterprises]. avtoref. dis. . . . kand. ekon. nauk : (08.00. 05), 2002.

Section: Economics and national economy management
UDC 330.8
Reikin V. S.
Theoretical and methodological grounds of mainstream and their application in the context of shadow economy (p. 134 - 139)
The goal of the article lies in the study of basic theoretical and methodological prerequisites and principles of modern mainstream and also possibilities of their application in the context of shadow economy. Analysing and generalising economic theories of Nobel laureates, the article considers problems of limited rationality, information asymmetry and opportunistic behaviour of economic agents. The article justifies preferences of the institutional direction as the most appropriate to real conditions of the market activity of subjects of shadow economy. Prospects of further studies are analysis and modification of the theory of economic crimes with consideration of specific features of the shadow component of national economy.
Keywords: neoclassicism, neoinstitutionalism, limited rationality, opportunism, risk, shadow economy
Tabl.: 1. Bibl.: 30.

Reikin Vitaliy S. – Candidate of Sciences (Economics), Associate Professor, Department of Economics and Business, Lutsk Institute of Open International University of Human Development «Ukraine» (2 Karbysheva Str., Lutsk, Volyn region, 43023, Ukraine)
Email: audit@transinfo.com.ua

Reference to this article:
Reikin, Vitaliy S. (2013) “Theoretical and methodological grounds of mainstream and their application in the context of shadow economy.” The Problems of Economy 4:134–139.

List of references in article

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Section: Economics and national economy management
UDC 005.642.1:378
Stankevych I. V.
Ranking of colleges: terminology and basic definitions (p. 140 - 150)
The article studies translation and interpretation of the “rating”, “rank”, “ranking” terms in different both Soviet and modern dictionaries. It generalises definitions of these terms by scientists with consideration of their interpretation in the educational context. It reveals differences and ambiguity in application of terminology in scientific sources devoted to the study of problems of the process of ranking of objects of different spheres, in particular, colleges. It provides understanding of “ranking” and “tables of leagues” notions by the International Ranking Expert Group (IREG). On the basis of generalisation of translations and interpretations of basic notions of the process of ranking by different dictionary and scientific sources, the article improves terminological mechanism of the process of ranking of colleges. It offers and reveals essence of key definitions of the process of ranking with consideration of the process itself, result and form of presentation of the result, namely: “ranking of educational objects”, “tables of leagues”. “rating of educational objects by popularity” and “rating of educational objects by results of activity”.
Keywords: ranking of colleges, rating, ranking, tables of leagues
Tabl.: 2. Bibl.: 45.

Stankevych Iryna V. – Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Department of Management and Marketing, Odesa National Academy of Telecommunications named after A. S. Popov (1 Kuznechna Str., Odesa, 65029, Ukraine)
Email: arnika@ukr.net

Reference to this article:
Stankevych, Iryna V. (2013) “Ranking of colleges: terminology and basic definitions.” The Problems of Economy 4:140–150.

List of references in article

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Section: Economics and national economy management
UDC 338.2
Tsapko-Piddubna O. I., Bilenko Y. I.
State financial mechanisms of stimulation of energy efficiency of economy (p. 151 - 157)
The goal of the article lies in the study of modern mechanisms of state financial stimulation of energy efficiency of economy, including fiscal and investment ones. In the result of the study of the world experience of use of fiscal and investment mechanisms the article identifies their essence and marks out advantages, shortcomings, specific features and tendencies of application. On the basis of the analysis of expenditures and benefits, execution of conditions of support of actions of the market mechanism, and also taking into account the world tendencies and experience in the use of fiscal and investment mechanisms, the article justifies a necessity of use and gives recommendations regarding priority of application of certain mechanisms in Ukraine. The article draws a conclusion that a necessary condition of the effective policy of energy efficiency is interaction of the market and state mechanisms. Besides, the market mechanism is determinative and state, including fiscal and investment mechanisms, supplementary in stimulation of energy efficiency. The prospect of further studies in this direction is a detailed analysis of financial mechanisms, namely their quantitative values () with the aim of strengthening the role of these mechanisms in the processes of increase of energy efficiency of economy.
Keywords: energy efficiency, financial (fiscal and investment) mechanisms
Fig.: 2. Tabl.: 1. Bibl.: 8.

Tsapko-Piddubna Olga I. – Candidate of Sciences (Economics), Associate Professor, Department of International Economic Analysis and Finance, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79000, Ukraine)
Email: olya_tsapko@yahoo.co.uk
Bilenko Yuriy I. – Candidate of Sciences (Economics), Associate Professor, Head of the Department, Department of International Economic Analysis and Finance, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79000, Ukraine)
Email: y_bilenko@lnu.edu.ua

Reference to this article:
Tsapko-Piddubna, Olga I., and Bilenko, Yuriy I. (2013) “State financial mechanisms of stimulation of energy efficiency of economy.” The Problems of Economy 4:151–157.

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Section: Economics and national economy management
UDC 330.342:68
Chechetovа-Terashvili T. M., Malyshko Y. M.
Influence of deregulation of economy in the sphere of small entrepreneurship upon positions of Ukraine in the world ratings (p. 158 - 164)
The article analyses efficiency of the policy of deregulation of economy in the sphere of small business in the context of determination of influence of results of deregulation upon competitiveness of Ukraine in world ratings. The article identifies main criteria of assessment of the level of development of small business, which are included into the structure of economic indices. It considers dynamics of components of international economic indices, which characterise norms of regulation of entrepreneurial activity, assess conditions of registration, conduct of economic activity and liquidation of subjects of small business. Taking into account importance of integration processes in the world, the article conducts a comparative analysis of positions of Ukraine in international ratings with the countries of the European Union and Customs Union. It justifies main problems of the policy of deregulation of economy in the sphere of small entrepreneurship, which resulted in reduction of competitiveness of the national economy of Ukraine in the world market.
Keywords: deregulation of economy, small business, Doing Business Rating, Prosperity Index
Fig.: 5. Tabl.: 2. Bibl.: 8.

Chechetovа-Terashvili Tetiana M. – Candidate of Sciences (Economics), Associate Professor, Applicant, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: ivanosha@mail.ru
Malyshko Yulia M. – Candidate of Sciences (Economics), Lecturer, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: malishkoyulia@gmail.com

Reference to this article:
Chechetovа-Terashvili, Tetiana M., and Malyshko, Yulia M. (2013) “Influence of deregulation of economy in the sphere of small entrepreneurship upon positions of Ukraine in the world ratings.” The Problems of Economy 4:158–164.

List of references in article

“Prohrama ekonomichnykh reform na 2010 – 2014 roky «Zamozhne suspilstvo, konkurentospromozhna ekonomika, efektyvna derzhava»“ [Economic reform program in 2010 - 2014 years \"Prosperous society, competitive economy, effective government\"]. http:/www.president.gov.ua/docs/Programa_reform_FINAL_1.pdf
“Doing Business 2014“ http:www.doingbusiness.org/reports/global-reports/doing-business-2014
“Ease of Doing Business in Bulgaria“ http:www.doingbusiness.org/data/exploreeconomies/bulgaria
“Ease of Doing Business in Romania“ http:www. doingbusiness.org/data/exploreeconomies/romania
“Ease of Doing Business in Russian Federation“ http:www.doingbusiness.org/data/exploreeconomies/russia
“Ease of Doing Business in Ukraine“ http:www.doingbusiness.org/data/exploreeconomies/ukraine#starting-a-business
“Legatum prosperity index“ http:www.prosperity.com/#!/explore-data?opts=2EeA7AaI4M5M3A6x1y3x6A2y

Section: Economics and national economy management
UDC 005:334.758.4:005.44(045)
Ianchuk M. B.
Transaction aspect of creating a high technology holding under globalisation (p. 165 - 173)
The goal of the article lies in the study of the synthesis of two main concepts of development of global economic processes – technological and neo-institutional – at the methodological level. This problem acquires special urgency in the high technology sphere, where processes of integrative transformation takes place in the form of creation of powerful meta-corporations, integrated corporate structures, trans-national corporations, with the aim to reduce the level of transactional costs. Analysing, systemising and generalising scientific works of many scientists, the article considers the transactional aspect of creation of high technology holding under conditions of globalisation. In the result of the study the article carries out typology of transactional costs for science intensive and high technology companies. It marks dependence of transactional costs on selection of the institutional form of interaction of enterprises and justifies the condition of minimal value of general transactional costs in the process of integration and creation of holding structures on the basis of high technology industrial enterprises. The article offers, for the first time ever, creation of the domestic mixed aircraft construction holding with the leading company represented by the aircraft developer, which would facilitate reduction or elimination of this type of transactional costs as costs of opportunistic behaviour, which traditionally appear between the developer and serial producer due to availability of contradictions between the strategy of carrying out the business policy and production activity. The prospect of further studies in this direction at the conceptual level is a deep study of a complex dependence of transactional costs of functional, financial and structural transformations connected with the change of the volume of the integrated structure and organisational interaction of its participants on the selected mechanism and type of integration of high technology companies.
Keywords: transaction costs, integrated transformations, organisational structure, high technology holding
Fig.: 2. Tabl.: 2. Bibl.: 17.

Ianchuk Marina B. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Organization of Aerial Work and Services, National Aviation University (1 Lubomyra Husara Ave., Kyiv, 03058, Ukraine)
Email: marina_y2006@ukr.net

Reference to this article:
Ianchuk, Marina B. (2013) “Transaction aspect of creating a high technology holding under globalisation.” The Problems of Economy 4:165–173.

List of references in article

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Belchenko, S. V. “Transaktsionnye izderzhki i transfertnoe tsenoobrazovanie v vertikalno-integrirovannykh strukturakh“ [Transaction costs and transfer pricing in vertically integrated structures]. Sovremennye aspekty ekonomiki, no. 4 (141) (2009).
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Gokhan, P. A. Sliianiia, pogloshcheniia i restrukturizatsiia kompaniy [Mergers, acquisitions and corporate restructuring]. Moscow: Alpina Biznes Buks, 2007.
Ivanov, Yu. V. Sliianie, pogloshchenie i razdelenie kompaniy: strategiia i taktika transformatsii biznesa [Mergers, acquisitions and demergers: strategy and tactics of business transformation]. Moscow: Albina Pablisher, 2001.
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Section: Economics and national economy management
UDC 336.563:339.166.5(477)
Yarmosh V. V.
Analysis of sources of financing the intellectual property (p. 174 - 182)
The goal of the article lies in identification of the state and modern tendencies of use of intellectual property. The article analyses the sources of financing the intellectual property in Zaporizhia and Dnipropetrivsk oblasts and also in Ukraine in general, moreover, it analyses the specific weight of the volume of performed scientific and technical works in the gross domestic product in CIS countries. On the basis of analytical materials of the CIS Statistics Committee the article identifies internal expenditures on the study and development in recent years in the majority of the Commonwealth countries. Based on the analysis, it identifies that a tendency that did not appear previously to such an extent manifests itself now. Its essence is in the fact that among two assets sectors – tangible and intangible – the role of the latter increases. Ukraine has a powerful intellectual potential, that is why, there is a necessity today to search for the ways of efficient use of objects of intellectual property.
Keywords: intellectual property, sources of financing, scientific and technical works
Fig.: 4. Tabl.: 5. Bibl.: 8.

Yarmosh Viktoriya V. – Candidate of Sciences (Economics), Lecturer, Department of Human Resources and Marketing, Zaporizhzhya National University (66 Zhukovskoho Str., Zaporіzhzhia, 69600, Ukraine)
Email: javiktorija@rambler.ru

Reference to this article:
Yarmosh, Viktoriya V. (2013) “Analysis of sources of financing the intellectual property.” The Problems of Economy 4:174–182.

List of references in article

Liubenok, N. O. “Problemy vyznannia intelektualnoi vlasnosti iak elementu nematerialnykh aktyviv pidpryiemstva“ [Problems of recognition of intellectual property as part of the intangible assets of the company]. Finansy, oblik i audyt, no. 14 (2009): 263-269.
Naukova ta innovatsiina diialnist v Ukraini [Research and Innovation in Ukraine]. Kyiv: Derzhkomstat Ukrainy, 2011.
Paladii, M. V. “Efektyvne vykorystannia intelektualnoho potentsialu natsii – neobkhidna umova innovatsiinoho rozvytku ekonomiky derzhavy“ [The effective use of intellectual potential of the nation - a necessary condition for innovative development of the economy of the state]. Nauka ta innovatsii vol. 5, no. 3 (2009): 51-54.
Pravo intelektualnoi vlasnosti [Intellectual property rights]. Kyiv: In Yure, 2002.
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Section: Regional economy
UDC 338.48:332.1
Vynogradova O. V., Darchuk V. G.
Problems and strategic priorities of development of rural (green)tourism in Ukraine: the regional aspect (p. 183 - 191)
The article proves prospectiveness of development of rural green tourism in Ukraine on the basis of its significance for socio-economic development of regions; based on the analysis it reveals and classifies problems of development of this type of tourism in Ukrainian regions; it justifies the process of interaction of regional bodies of executive power by strategic development of the rural green tourism with consideration of international experience; it develops the mechanism of identification of strategic priorities by regional bodies of executive power for development of the rural green tourism and justifies relevant measures that include this mechanism. The article states that the process of introduction of the developed mechanism into practical activity of regional bodies of executive power would promote development of the rural green tourism in Ukrainian regions. Moreover, the accompanying measures on achieving strategic priorities, which should be carried out in co-operation by regional bodies of executive power, rural communities and subjects of economic activity, which deal with the rural green tourism, should be as follows: arrangement of tourist routes and camps for tourists, improvement of operation of tour guides, improvement of transportation services for tourists, formation of the network of lease of tourist equipment, development of accompanying services (culinary, for example), organisation of cultural programmes and development of homecraft.
Keywords: region, rural green tourism, socio-economic development, strategy, tourism
Fig.: 2. Tabl.: 1. Bibl.: 19.

Vynogradova Olena V. – Doctor of Sciences (Economics), Professor, Professor, Department of Management and Business Modeling, State University of Information and Communication Technology (7 Solomenska Str., Kyiv, 03110, Ukraine)
Email: evvi@mail.ru
Darchuk Veronika G. – Postgraduate Student, Department of Tourism, Donetsk National University of Economy and Trade named after M. Tugan-Baranovsky (16 Tramvaina Str., Kryvyi Rih, Dnipropetrovsk region, 50005, Ukraine)
Email: veronika_viktory@mail.ru

Reference to this article:
Vynogradova, Olena V., and Darchuk, Veronika G. (2013) “Problems and strategic priorities of development of rural (green)tourism in Ukraine: the regional aspect.” The Problems of Economy 4:183–191.

List of references in article

Liubitseva, O. O. Rynok turystychnykh posluh (heoprostorovi aspekty) [Tourism market (geospatial aspects)]. Kyiv: Alterpres, 2003.
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Section: Regional economy
UDC 336.02
Vlasyuk V. Y., Byk L. I.
Specific features of realisation of socio-economic interests of Ukrainian regions with the help of financial mechanisms (p. 192 - 197)
The article studies theoretical and methodological grounds of ensuring realisation of socio-economic interests of the region with the help of financial mechanisms. In particular, it establishes the essence of the financial mechanism, conducts theoretical analysis of this notion and marks out its main components. It offers a new vision of the financial mechanism of ensuring realisation of socio-economic interests of the region. It identifies that the main element of the financial mechanism is financial provision. It justifies significance of financial provision of the region for realisation of socio-economic interests and sustainable regional development. It provides requirements the financial mechanisms should meet, with the help of which realisation of socio-economic interests of the region is carried out. It identifies main tasks of improvement of the financial mechanism of ensuring socio-economic development of Ukrainian regions. It shows that realisation of socio-economic interests of the region with the help of financial mechanisms envisages financial capability of the region.
Keywords: financial mechanism, region, socio-economic interests of the region, financial provision, regional development
Fig.: 1. Bibl.: 15.

Vlasyuk Valerii Ye. – Doctor of Sciences (Economics), Professor, Professor, Department of Economics and Social-Labor Relations, University of Customs and Finance (2/4 Volodymyra Vernadskoho Str., Dnipro, 49004, Ukraine)
Email: vvlas_dn@ukr.net
Byk Liliya I. – Postgraduate Student, Dnipropetrovsk State Finance Academy (12 Arzhanova Str., Dnіpro, 49083, Ukraine)
Email: Lilchik.1990@mail.ru

Reference to this article:
Vlasyuk, Valerii Ye., and Byk, Liliya I. (2013) “Specific features of realisation of socio-economic interests of Ukrainian regions with the help of financial mechanisms.” The Problems of Economy 4:192–197.

List of references in article

[Legal Act of Ukraine] (2001).
Artus, M. “Finansovyi mekhanizm v umovakh rynkovoi ekonomiky“ [Financial mechanism in a market economy]. Finansy Ukrainy, no. 5 (2005): 54-59.
Bazylevych, V. D. Derzhavni finansy [Government finances]. Kyiv: Atika, 2004.
Vlasiuk, V. IE. “Finansovi aspekty uprovadzhennia kontseptsii staloho rozvytku ekonomiky“ [Financial aspects of the introduction of the concept of sustainable economic development]. Zovnishnia torhivlia: ekonomika, finansy, pravo, no. 6 (2011): 107-111.
Derzhavna rehionalna polityka Ukrainy: osoblyvosti ta stratehichni priorytety [State regional policy in Ukraine: characteristics and strategic priorities]. Kyiv: NISD, 2007.
Derev\'ianko, O. H. “Finansovo-kredytnyi mekhanizm v systemi stratehichnoho upravlinnia“ [The financial and credit mechanism in the system of strategic management]. Finansy Ukrainy, no. 7 (1998): 28-34.
Kyzym, M. O., and Moshchytska, T. O. “Doslidzhennia mizhrehionalnykh dysproportsii sotsialno-ekonomichnoho rozvytku v Ukraini“ [Investigation of regional disparities of socio-economic development in Ukraine]. Problemy ekonomiky, no. 2 (2011): 36-39.
Koval, Ya. V., and Antonenko, I. Ya. Rehionalna ekonomika [Regional economy]. Kyiv: Profesional, 2005.
Kovaliuk, O. M. Finansovyi mekhanizm orhanizatsii ekonomiky Ukrainy (problemy teorii i praktyky) [Financial mechanism Organizations of Ukraine\'s economy (theory and practice)]. Lviv, 2002.
Mekhanizm rehionalnoho rozvytku natsionalnoi ekonomiky [The mechanism of the regional development of the national economy]. Kyiv: KNUTD, 2006.
Poburko, Ya. O., and Pushak, Ya. Ya. “Intehralni otsiniuvannia rezultativ sotsialno-ekonomichnoi diialnosti rehionu: metodolohichnyi pidkhid“ [Integrated assessment of socio-economic activities of the region: a methodological approach]. Rehionalna ekonomika, no. 3 (2006): 66-73.
Rehionalna polityka ta mekhanizmy ii realizatsii [Regional policy and implementation mechanisms]. Kyiv: Naukova dumka, 2003.
Rehiony Ukrainy: problemy ta priorytety sotsialno-ekonomichnoho rozvytku [Regions of Ukraine: problems and priorities of socio-economic development]. Kyiv: Znannia Ukrainy, 2005.
Storoshchuk, B. D. “Ekonomichni interesy rehionu v umovakh transformatsiinoi ekonomiky“ [The economic interests of the region in terms of the transformation of the economy]. dys. … kand. ekon. nauk: 08.01. 01, 2004.
Poddieryohin, A. M. Finansovyi menedzhment [Financial Management]. Kyiv: KNEU, 2005.

Section: Regional economy
UDC 336.142
Kuzmynchuk N. V., Zyma О. G.
Analysis of types of inter-budget transfers with respect to solution of regional problems of budget formation (p. 198 - 205)
The article analyses the existing (fixed by legislation) types of transfers and their structure with consideration of changes in the Budget Code of Ukraine, in particular, analysis of expenditures, which are taken into account when determining the volume of inter-budget transfers. It provides regional distribution of additional grants for levelling financial provision of local budgets. It analyses subventions directed at ensuring social protection of population. It considers execution of volumes of subventions from the State Budget to local budgets for construction, re-construction and maintenance of public utility roads. It justifies that the policy of providing social transfers is not perfect. On the basis of the conducted analysis it marks out main shortcomings of inter-budget relations that appear due to low efficiency and permanent increase of transfers. Elimination of the specified shortcomings would facilitate improvement of the transfer mechanism.
Keywords: inter-budget transfers, grants, subventions, levelling grants, budget
Fig.: 1. Tabl.: 6. Bibl.: 8.

Kuzmynchuk Nataliia V. – Doctor of Sciences (Economics), Professor, Professor, Department of Marketing, Management and Entrepreneurship, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: nkuzminchuk@ukr.net
Zyma Оlga G. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Taxation, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: olyazima@mail.ru

Reference to this article:
Kuzmynchuk, Nataliia V., and Zyma, Оlga G. (2013) “Analysis of types of inter-budget transfers with respect to solution of regional problems of budget formation.” The Problems of Economy 4:198–205.

List of references in article

[Legal Act of Ukraine] (2010). http://www.president.gov.ua/docs/Programa_reform_FINAL_1.pdf.
“Shchodo osnovnykh napriamkiv reformuvannia transfertnoi polityky derzhavy. Analitychna zapyska. Natsionalnyi instytut stratehichnykh doslidzhen“ [As for the main areas of reform of transfer policy. Policy Brief. National Institute for Strategic Studies]. http://www.niss.gov.ua/presentation.html.
“Vykonannia biudzhetu ta obsluhovuvannia borhu“ [Implementation of the budget and debt service]. http://www.minfin.gov.ua.
[Legal Act of Ukraine] (2011). http//www.liga.net.
[Legal Act of Ukraine] (2011).
[Legal Act of Ukraine] (2010).
“Vykonannia derzhavnoho biudzhetu v chastyni mizhbiudzhetnykh transfertiv“ [State budget execution in terms of intergovernmental transfers]. Sait Derzhavnoi kaznacheiskoi sluzhby Ukrainy. http://treasury.gov.ua/main/uk/publish/category/23602.
“Doslidzhennia Instytutu demohrafii ta sotsialnykh doslidzhen NANU“ [Research Institute for Demography and Social Studies]. http://www.idss.org.ua.

Section: Regional economy
UDC 332.146.2
Glebova A. O.
Modern theoretical and practical aspects of the process of organisation of financing of socially important projects on the basis of fundraising (p. 206 - 211)
The article studies the essence of the fundraising notion, which has become popular in Ukraine and is actively used in the world practice and allows solution of a number of social problems both at the level of the region and state. However, due to a complex financial and economic situation in the state, absence of experience of development and realisation of social projects, market institutions, legislative provision, significant number of fraud in this sphere, inactivity of the state etc., there is a necessity in a permanent search for modern methods and tools of management, which would allow creation of prerequisites for realisation of socially important projects. Experience of Great Britain is one of the most successful, when the state, private sector and the sphere of culture united and achieved the result when volumes of financing since 1976 until now have increased in 233 times. There is successful experience of medical projects realisation with the help of fundraising, which allows solution of a big number of social problems. In spite of the results of sociological polls in Ukraine, which testify to reduction of trust to charity, the article states that today it is impossible to solve socially important problems without charity (financing projects for disabled, old people homes, incurable patients, etc.). Implementation of the fundraising experience is also important for the bodies of local self-governance, which are responsible for solution of social problems in the region, and, under conditions of the world financial crisis, are forced to permanently search for alternative sources of financing social projects. Only formation of partner relations between the private sector, local bodies of self-governance and local society could create prerequisites for socio-economic development of a region.
Keywords: fundraising, charity, sponsorship, assistance, grant, project, local self-governance, region
Fig.: 1. Tabl.: 2. Bibl.: 11.

Glebova Alla O. – Candidate of Sciences (Economics), Associate Professor, Department of Management and Administration, Poltava National Technical Yuri Kondratyuk University (24 Pershotravnevyi Ave., Poltava, 36011, Ukraine)
Email: al_la.com@mail.ru

Reference to this article:
Glebova, Alla O. (2013) “Modern theoretical and practical aspects of the process of organisation of financing of socially important projects on the basis of fundraising.” The Problems of Economy 4:206–211.

List of references in article

“Shliakh do maibutnyoho“ [The path to the future]. http://mecenatstvo.org/statti/167-shcho-zavazhaie-rozvyvatysia-blahodiinosti-v-ukraini
“Blahodiinist i okhorona zdorov\'ia: shcho zavazhaie spivpratsi?“ [Charity and health: what hinders cooperation?]. http://www.aptekagal.com.ua
“Yevropeiska blahodiinist: my i vony“ [European charity we and they]. http://www.deti.zp.ua/
“Nazvano peremozhtsiv oblasnoho konkursu proektiv rozvytku terytorialnykh hromad Poltavskoi oblasti“ [Named winners of the regional competition Projects Community Development Poltava region]. http://municipal.gov.ua/news/
“Poniattia «fandreizynh». Dzherela finansuvannia hromadskykh initsiatyv“ [The term \"fundraising\". Sources of funding for community initiatives]. http://www.lacenter.org.ua
Snihulska, V. “Shcho take sotsialnyi fandreizynh, abo iak prodaty hromadi uchast u dobrykh spravakh“ [What social fundraising, or to sell the community involved in good works]. Sotsialnyi pedahoh, no. 8 (2009): 100-107.
“Sovremennyy korporativnyy fandrayzing v iskusstve (na primere Velikobritanii)“ [Modern corporate fundraising in the art (for example, the UK)]. http:artandyou.ru
Stashkiv, B. “Sotsialne obsluhovuvannia u systemi sotsialnoho zabezpechennia: pravovi pytannia“ [Social service in the social security legal issues]. Pravo Ukrainy, no. 1 (2005): 76-79.
Cherniavska, O. O., and Sokolovska, A. M. Fandraizynh [Fundraising]. Kyiv: TsUL, 2013.
Shnyrkov, O. I., and Minhazutdinov, I. O. Fandraizynh: osnovni osoblyvosti ta formy [Fundraising: main features and shapes]. Kyiv: Instytut mizhnarodnykh vidnosyn KNU im. T. Shevchenka, 2000.
“Shcho zavazhaie rozvyvatysia blahodiinosti v Ukraini“ [What prevents developing philanthropy in Ukraine]. http://uadovira.com/node/55

Section: Regional economy
UDC 330.322:338.484.2
Danko N. I., Dovhal G. V.
Creation of the tourist cluster as a way of increase of investment attractiveness of a region (p. 212 - 218)
The goal of the article is to analyse specific features of formation of cluster associations in the tourism industry as the basis of increase of investment attractiveness of the region. Analysing, systemising and generalising scientific works of a number of scientists, the article considers specific features of creation of cluster associations in the sphere of tourism, their distinctions from other associations (networks) of enterprises and impact on investment attractiveness of a region. In the result of the study it specifies the tourist cluster notion and studies the most successful experience of creation of tourist clusters at the cross-section of various industries: Californian wine cluster, Tropical Northern Queensland cluster and South-African tourist cluster. It also makes a conclusion that experience of creating tourist clusters in former industrial regions is useful for the Kharkiv region: Ruhr Valley, Glasgow etc. – in accordance with the “Creative economy: expansion of ways of local development” concept, proposed by UNESCO. The article offers the procedure of creating a tourist cluster and managing its development using methods that take into account different stages of evolution development of clusters. The prospects of further studies in this direction is adaptation of the methods of creation and management of cluster ICM333 to specific features of the tourist industry and Ukrainian legislation.
Keywords: investment attractiveness, tourist cluster, creative economy
Fig.: 2. Tabl.: 1. Bibl.: 13.

Danko Natalia I. – Candidate of Sciences (Economics), Associate Professor, Head of the Department, Department of International E-Commerce and Hotel and Restaurant Business, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: n.danko@karazin.ua
Dovhal Georgiy V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Tourism Business and Regional Studies, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: g.dovgal@karazin.ua

Reference to this article:
Danko, Natalia I., and Dovhal, Georgiy V. (2013) “Creation of the tourist cluster as a way of increase of investment attractiveness of a region.” The Problems of Economy 4:212–218.

List of references in article

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Proskura, D. V., Rogova, E. M., and Tkachenko, E. A. “Teoreticheskie aspekty formirovaniia regionalnoy klasternoy politiki“ [Theoretical Aspects of regional cluster policy]. http:www.m-economy.ru/art.php3?artid=24929
Sokolenko, S. “Problemy i perspektyvy posylennia konkurentospromozhnosti ekonomiky Ukrainy na osnovi klasteriv“ [Problems and prospects for strengthening the competitiveness of Ukraine\'s economy based clusters]. Ekonomist, no. 10 (2008): 31-35.
Shymakova, V. IE. “Rol klasteryzatsii v rozvytku turystychnoho biznesu v rehionakh“ [The role of clustering in the development of tourism in the region]. Kultura narodov Prychernomoria, no. 137 (2008): 62-66.
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“United Nations Creative Economy report 2013 Special Edition“ http://www.unesco.org/new/en/culture/themes/creativity/creative-economy-report-2013-special-edition/

Section: Regional economy
UDC 332.1
Kriachko Y. M., Rozhon I. V.
Structure diagnostics of competitiveness of regions on the basis of the cognitive approach (p. 219 - 228)
The article considers application of the system approach to diagnostics of competitiveness of regions. It justifies expediency of conduct of such a diagnostics on the basis of the cognitive analysis and modelling of development of semi-structured situations. In the result of the conducted structure-purpose diagnostics of the semistructured situation, the article identifies efficiency of integral impact of competitiveness factors, which gave a possibility to reveal real and potential problems of purposeful development and identify priority of levelling the revealed problems of competitiveness of Ukrainian regions.
Keywords: system approach, diagnostics, semi-structured situation (system), cognitive analysis, factor, competitiveness, structure-purpose diagnostics
Fig.: 3. Tabl.: 3. Formulae: 4. Bibl.: 18.

Kriachko Yevhen M. – Candidate of Sciences (Economics), Senior Research Fellow, Sector of Industrial Policy and Innovative Development, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: krevmyk@gmail.com
Rozhon Iryna V. – Applicant, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)

Reference to this article:
Kriachko, Yevhen M., and Rozhon, Iryna V. (2013) “Structure diagnostics of competitiveness of regions on the basis of the cognitive approach.” The Problems of Economy 4:219–228.

List of references in article

Avdeeva, Z. K., Kovriga, S. V., and Makarenko, D. I. “Kognitivnoe modelirovanie dlia resheniia zadach upravleniia slabostrukturirovannymi sistemami (situatsiiami)“ [Cognitive modeling for solving semistructured management systems (situations)]. UBS, no. 16 (2007): 26-39.
Avdeeva, Z. K., and Kovriga, S. V. Formirovanie strategii razvitiia sotsialno-ekonomicheskikh obektov na osnove kognitivnykh kart [Development strategy for socio- economic projects on the basis of cognitive maps]. Saarbrucken: LAP LAMBERT Academic Publishing GmbH & Co. KG, 2011.
Avdeeva, Z. K., and Kovriga, S. V. “Diagnostirovanie problemnykh situatsiy v razvitii slozhnykh sistem na osnove kognitivnykh kart“ [Diagnosing the problem situations in the development of complex systems based on cognitive maps]. UBS, no. 42 (2013): 5-28.
Gorelova, G. V., Melnik, E. V., and Korovin, Ya. S. “Kognitivnyy analiz, sintez, prognozirovanie razvitiia bolshikh sistem v intellektualnykh RIUS“ [Cognitive analysis, synthesis, forecasting the development of large systems in intelligent RIUS]. Iskusstvennyy intellekt, no. 3 (2010): 61-72.
Evstegneev, D. V., and Ledashcheva, T. N. “Ispolzovanie kognitivnykh modeley pri postroenii kompleksnoy otsenki sostoianiia territorii“ [Using cognitive models in the construction of an integrated assessment of the territory]. http://zhumal.ape.relarn.ru/articles/2003/135.pdf
Kornoushenko, E. K., and Maksimov, V. I. “Upravlenie situatsiey s ispolzovaniem strukturnykh svoystv ee kognitivnoy karty“ [Control of the situation by using the structural properties of its cognitive map]. Trudy Instituta problem upravleniia imeni V. A. Trapeznikova RAN vol. 11 (2000): 85-90.
Kuznetsov, O. P., Kulinich, A. A., and Markovskiy, A. V. “Analiz vliianiy pri upravlenii slabostrukturirovannymi situatsiiami na osnove kognitivnykh kart“ [Analysis of the effects of the management of semi-structured situations by cognitive maps]. In Chelovecheskiy faktor v upravlenii, 313-344. Moscow: KomKniga, 2006.
Maksimov, V. I., and Kovriga, S. V. “Kognitivnyy podkhod k razvitiiu situatsiy v informatsionnykh tekhnologiiakh“ [Cognitive approach to the development of situations in information technology]. http://www.sovschola.rU/sites/default/files/ userfiles/NEO/Vol.4.rar
Maksimov, V. I., and Kornoushenko, E. K. “Analiticheskie osnovy primeneniia kognitivnogo podkhoda pri reshenii slabostrukturirovannykh zadach“ [Analytical basis for the use of the cognitive approach in solving semistructured problems]. Trudy Instituta problem upravleniia imeni V. A. Trapeznikova RAN vol. 2 (1999): 95-109.
Maksimov, V. I., Kornoushenko, E. K., and Kachaev, S. V. “Kognitivnye tekhnologii dlia podderzhki priniatiia upravlencheskikh resheniy“ [Cognitive technology to support management decisions]. http://www.iis.ru/events/l 9981130/maximov.ru.html
Maksimov, V. I. “Strukturno-tselevoy analiz razvitiia sotsialno-ekonomicheskikh situatsiy“ [Structural- targeted analysis of socio-economic situations]. Problemy upravleniia, no. 3 (2005): 30-38.
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Shamaeva, L. H. “Kohnytyvnaia tekhnolohyia analyza y modelyrovanyia stratehycheskoho razvytyia predpryiatyia“ [Cognitive technology analysis and modeling of the strategic development of the company]. Naukovi pratsi DonNTU. Ekonomika, no. 91 (2005): 134-41.

Section: Economics and Enterprise Management
UDC 330.13
Belkina I. A., Kochura Y. V.
Study of dependence of income and profit of the ore mining and processing enterprise on organisation of ore supply (p. 229 - 236)
The goal of the article is finding out the nature of influence of duration and period of ore supply upon the income and profit of the enterprise from sales of concentrate. Availability of influence of dynamic parameters of ore supply upon main economic results of activity is determined with the help of methods of economic and mathematical modelling and identification of the nature of this influence with the help of the method of graphical analysis. The article provides economic and mathematical models of influence of dynamic parameters of ore supply upon the volume of concentrate production with consideration of statistical dynamics of occasional process of ore supply. For the first time ever it reveals connection between indicators of income and profit and dynamic parameters of ore supply, which unlike accounting ore processing volumes only allows improvement of relevant economic indicators of activity of the ore mining and processing enterprise by means of managing factors of formation of operation of the mining transportation complex. The article shows that economic results of activity of the enterprise nonlinearly depend on duration and period of ore supply. The said dependencies are obtained for conditions of availability of correlation of quality of ore of successive supplies. The proposed models and revealed dependence allow organisation of operation of the mining transportation complex from the position of ensuring economic efficiency of functioning of the whole ore mining and processing enterprise. The established dependencies should be taken into account when organising operation of the mining transportation complex or when realising organisational and technological solutions that influence periodicity and duration of ore supplies from the trans-shipping storehouse to the processing facility.
Keywords: profit, price, dynamic parameters of ore supply, algorithmic model, economic and mathematical modelling
Fig.: 5. Formulae: 9. Bibl.: 10.

Belkina Iryna A. – Assistant, Department of Economic Cybernetics and Information Technologies, National Mining University (19 D. Yavornytskyi Ave., Dnіpro, 49027, Ukraine)
Email: irinabelkina88@gmail.com
Kochura Yevhen V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economic Cybernetics and Information Technologies, National Mining University (19 D. Yavornytskyi Ave., Dnіpro, 49027, Ukraine)

Reference to this article:
Belkina, Iryna A., and Kochura, Yevhen V. (2013) “Study of dependence of income and profit of the ore mining and processing enterprise on organisation of ore supply.” The Problems of Economy 4:229–236.

List of references in article

Everett, J. E. “Iron ore handling procedures enhance export quality“Interfaces vol. 26, no. 6 (1996): 82-94.
Everett, J. “Simulation to reduce variability in iron ore stockpiles“Mathematics and Computers in Simulation, no. 43 (1997): 563-568.
Everett, J. E. “Iron ore production scheduling to improve product quality“European Journal of Operational Research, no. 129 (2001): 355-361.
Everett, J. E. “Simulation Modeling of an Iron Ore Operation to Enable Informed Planning“Interdisciplinary Journal of Information, Knowledge, and Management, no. 5 (2010): 101-114.
Bodon, P., Frike, K., and Sandeman, T. “Modelirovanie sistemy postavok rudy ot karera do porta: kombinirovannyy optimizatsionno-modeliruiushchiy pokhod“ [Simulation system supplies ore from the quarry to the port: a combined optimization-modeling campaign]. Fiziko-tekhnicheskie problemy razrabotki poleznykh iskopaemykh, no. 2 (2011): 68-77.
Groneveld, B., and Topal, E. “Gibkoe proektirovanie karera s uchetom neopredelennostey“ [Flexible design career within the uncertainties]. Fiziko-tekhnicheskie problemy razrabotki poleznykh iskopaemykh, no. 2 (2011): 78-93.
Kochura, Ye. V., and Bielkina, I. A. “Zalezhnist sobivartosti zalizorudnoho kontsentratu vid dynamichnykh parametriv rudopotoku na vykhodi kar’ieru“ [The dependence of the cost of iron ore concentrate from the dynamic parameters of the output rudopotoku career]. In Ekonomiko-pravovi umovy diialnosti pidpryiemstv, 16-21. : Naukovyi visnyk NHU, 2011.
Belkina, I. A. “Otsenka vliianiia dinamicheskikh parametrov protsessa podachi rudy na dokhod i pribyl predpriiatiia ot realizatsii kontsentrata“ [Assessing the impact of the dynamic parameters of the process the ore supply on income and business profits from the sale of concentrate]. Aktualnye problemy gumanitarnykh i estestvennykh nauk, no. 4 (51) (2013): 130-134.
Raievnieva, O. V., and Sereda, A. S. “Model prohnozuvannia hradiienta rozvytku mashynobudivnoho pidpryiemstva PuAT «Kharvest»“ [Model prediction of the gradient of building enterprise OJSC \"Harvest\"]. Visnyk DonNU. Ekonomika i pravo vol. 2 (2011): 226-230.
Levin, B. R. Teoreticheskie osnovy statisticheskoy radiotekhniki [Theoretical foundations of statistical radio engineering]. Moscow: Sovetskoe radio, 1969.

Section: Economics and Enterprise Management
UDC 005.572
Verba V. A.
Formation of the system of indicators of effectiveness of the consulting activity (p. 237 - 245)
The article presents own vision of methodological principles of assessment of managerial consulting in the knowledge economy. The goal of the article is justification of the own position of principles and methodical provisions of assessing the consulting activity and developing the consulting company scorecard with consideration of the focus of their strategic consulting. In the result of the conducted study the article justifies expediency of assessment of effectiveness of managerial consulting by criterion of added value of all stakeholders of the consulting process, it offers decomposition of the added value and results of consulting at different levels of the client organisation and consulting company. The developed scorecard of assessment of effectiveness of consulting companies depending on the focus of their strategic positioning (knowledge competence and problem oriented consulting), grouped by financial and market aspects, directions of internal organisation and development of the enterprise and personnel. The prospective directions of studies of increase of efficiency and effectiveness of consulting activity are development of methodical recommendations of formation of the managerial accounting system of consulting companies, which is capable of ensuring information support of the process of calculation of indicators of efficiency of the consulting process, and also increase of trustworthiness of assessment, effectiveness of control and motivation of effectiveness of activity of management consultants.
Keywords: managerial consulting, consulting process, effectiveness of consulting activity
Tabl.: 2. Bibl.: 15.

Verba Veronika A. – Doctor of Sciences (Economics), Professor, Professor, Department strategy of enterprises, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: v_verba@ukr.net

Reference to this article:
Verba, Veronika A. (2013) “Formation of the system of indicators of effectiveness of the consulting activity.” The Problems of Economy 4:237–245.

List of references in article

Lippit, G., and Lippit, R. Konsaltingovyy protsess v deystvii [The consulting process in action]. St. Petersburg: Piter, 2007.
Appelbaum, S. H., Ritchie, S., and Shapiro, B. T. “Mentoring revisited: an organisational behaviour construct“The International Journal of Career Management vol. 6, no. 3 (1994): 3-10.
de Caluwe, L., and Stoppelenburg, A. “Developing Criteria for Effectiveness of Consultant\'s Work“ http://www.decaluwe.nl/articles/DevelopingCriteriaForEffectiveness.pdf
Greiner, L., and Poulfelt, F. “The Handbook of Management Consulting“ In The Contemporary Consultant: Insights from Leading ExpertsOhio: South Western, 2005.
Mayster, D. Upravlenie firmoy, okazyvaiushchey professionalnye uslugi [Management firm, providing professional services]. Moscow: Alpina Pablisher, 2003.
Venetis, K. A. “Service Quality and Customer Loyalty in Professional Business Service Relationships“ In Unpublished dissertation: University of Maastricht, 1997.
Brintseva, O. H. “Pidvyshchennia efektyvnosti konsaltynhovoi diialnosti z upravlinnia personalom“ [Improving the efficiency of business consulting HR]. avtoref. dys. … kand. ekon. nauk : spets. 08.06. 04, 2011.
Makkhem, K. Upravlencheskiy konsalting [Management Consulting]. Moscow: Delo i servis, 1999.
Posadskiy, A. “Osnovy konsaltinga“ [Basics consulting]. http://www.management.com.ua/consulting/cons006.html
M Ajmal, M., Nordstrom, F., and Helo, P. “Assessing the effectiveness of business consulting in operations development projects“International Journal of Productivity and Performance Management vol. 58, no. 6 (2009): 523-541.
Blunsdon, B. J. “Beneath fashion: why is there a market for management consulting services?“ http: canback.com/archive/blunsdon.pdf
Philips, J. The Consultant\'s Scorecard, Second Edition: Tracking ROI and Bottom-Line Impact of Consulting Projects: Mcgraw-hill Companies, 1999.
Gable, G. “A multidimensional model of client success when engaging external consultants“Management Science, no. 42 (8) (1996): 1175-1198.
Kubr, M. Upravlencheskoe konsultirovanie. Vvedenie v professiiu [Management consulting. Introduction to the profession]. Moscow: Planum, 2004.
Verba, V. A. Upravlinske konsultuvannia: kontseptsiia, orhanizatsiia, rozvytok [Management consulting: concept, organization development]. Kyiv: KNEU, 2011.

Section: Economics and Enterprise Management
UDC 519.8:658.7:658.8
Vitlinskyy V. V., Skitsko V. I.
Conceptual grounds of modelling and managing logistics risk of an enterprise (p. 246 - 253)
The article considers theoretical and methodological problems on managing and modelling logistics risk of an enterprise. It shows that managerial decisions in logistics are made in situations, which are characterised with: uncertainty and randomness of results of the risky activity; conflict; counteraction; multi-variance of solution; when simultaneously not all alternative variants of solutions are similarly favourable. The article analyses existing approaches to definition of the “logistics risk” term and offers own definition: logistics risk of an enterprise is an economic category, which reflects specific features of perception by enterprise management of objectively existing uncertainty and conflict, absence of a complete (exhaustive) information at the moment of decision making, which are inherent in the processes of forecasting, planning, managing, co-ordinating and controlling the material, service, information and financial flows and the flow of intellectual and labour resources. Moreover, the article gives own interpretation of the object, subject and source of logistics risk of an enterprise. It considers existing approaches to classification of the logistics risk of an enterprise and offers the one, pursuant to which the logistics risk of an enterprise could be classified by types of flows and components of the logistics system of different levels. It studies the problem of building the system of management of logistics risk at an enterprise and offers own view on solution of this problem. It analyses scientific instruments of the economic and mathematical modelling of the logistics risk of an enterprise.
Keywords: logistics risk of an enterprise, management, modelling, logistics risk management
Fig.: 1. Bibl.: 17.

Vitlinskyy Valdemar V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economic and Mathematical Modeling, Scientific-Educational Institute Information Technologies in Economics of the Kyiv National Economic University named after V. Hetman (54/1 Peremohy Ave., Kyiv, 03057, Ukraine)
Email: wite101@meta.ua
Skitsko Volodymyr I. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Mathematical Modeling and Statistics, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: skitsko@kneu.edu.ua

Reference to this article:
Vitlinskyy, Valdemar V., and Skitsko, Volodymyr I. (2013) “Conceptual grounds of modelling and managing logistics risk of an enterprise.” The Problems of Economy 4:246–253.

List of references in article

Vitlinskyi, V. V., and Velykoivanenko, H. I. Ryzykolohiia v ekonomitsi ta pidpryiemnytstvi [Ryzykolohiya in economics and business. ]. Kyiv: KNEU, 2004.
Kondratenko, N. O., and Lobashov, O. O. “Instrumenty upravlinnia ta metody otsinky ryzykiv u lohistychnykh systemakh“ [Management tools and methods for assessing risks in logistics systems]. http://eprints.kname.edu.ua/25233/1/343-350%20Кондратенко%20НО.pdf
Korecky, M. “Risk management in logistics“ http://konsys2.tanger.cz/files/proceedings/09/reports/837.pdf
Fuchs, H., and Wohinz, J. W. “Risk management in logistics systems“ http://maja.uni-mb.si/files/APEM/APEM4-4_233-242.pdf
Honcharov, V. M., Larina, R. R., and Baluieva, O. V. Upravlinnia ryzykamy v lohistytsi [Risk management in logistics]. Lviv: Mahnoliia 2006, 2013.
Brodetskiy, G. L., Gusev, D. A., and Elin, E. A. Upravlenie riskami v logistike [Risk management in logistics]. Moscow: Akademiia, 2010.
Pletneva, N. G. “Teoriia i metodologiia upravleniia logisticheskimi sistemami v usloviiakh neopredelennosti“ [Theory and Methodology of logistics management systems under uncertainty]. avtoref. dis. … dokt. ekon. nauk : spets. 08.00.05, 2008.
Yenchenko, IE. V. “Modeliuvannia i upravlinnia systemnymy ryzykamy v lohistytsi“ [Modeling and managing systemic risk in logistics]. dys. ... kand. ekon. nauk : 08.03.02, 2006.
Rovenskikh, M. V. “Upravlenie riskami logisticheskoy sistemy promyshlennogo predpriiatiia“ [Risk management logistics system of industrial enterprise]. dis. … kand. ekon. nauk : 08.00.05, 2008.
Klymenko, S. M., and Dubrova, O. S. Obgruntuvannia hospodarskykh rishen ta otsinka ryzykiv [Rationale business decisions and risk assessment]. Kyiv: KNEU, 2005.
Vitlinskyi, V. V., and Sharapov, O. D. “Teoriia intelektualnykh system pryiniattia rishen“ [The theory of intelligent decision support systems]. Modeliuvannia ta informatsiini systemy v ekonomitsi, no. 78 (2008): 58-69.
Mamchyn, M. M., and Rusanovska, O. A. “Vplyv lohistychnykh ryzykiv na pidvyshchennia efektyvnosti diialnosti pidpryiemstv“ [The impact of logistics risks to improve the efficiency of enterprises]. http://archive.nbuv.gov.ua/portal/natural/vnulp/menegment/2011_720/07.pdf
Fuchs, H. “Risk orientation in logistics: a management approach to risk treatment in logistics systems“ In Monographic series TU Graz : Production science and managementGraz: Verl. der Techn. Univ. Graz, 2009.
Smyrnov, I. H., and Kosareva, T. V. Transportna lohistyka [Transport logistics]. Kyiv: Tsentr uchbovoi literatury, 2008.
ISO. Risk Management - Principles and guidelines ISO 31000Switzerland: ISO, 2009.
Vitlinskyi, V. V. “Osnovni zasady upravlinnia ryzykom v biznesi“ [Basic principles of risk management in business]. Mashynna obrobka informatsii, no. 57 (1995): 12-23.
Vitlinskyi, V. V., and Verchenko, P. I. Analiz, modeliuvannia ta upravlinnia ekonomichnym ryzykom [Analysis, modeling and management of economic risk]. Kyiv: KNEU, 2000.

Section: Economics and Enterprise Management
UDC 659.133/136:339.17
Mel'nykovych O. M., Krepak A. S.
Selection of the strategy of placing outdoor advertising of trading enterprises on the basis of the matrix model (p. 254 - 261)
The article analyses the essence and significance of strategic planning of advertisement activity and studies theoretical approaches to definition of the “advertising strategy” notion. On the basis of generalisation of theoretical material and empirical experience, the authors form own view on definition of the “strategy of placing outdoor advertising” term, which is interpreted as a subordinate part of the general advertisement strategy of an enterprise and is a concept of placing outdoor advertising, the main component elements of which are the system of goals and tasks, which is set for outdoor advertising, and also the policy of their realisation as an aggregate of approaches and rules of its placement. The article develops and presents a matrix model of selection of strategy of placement of outdoor advertising of trading enterprises, the use of which envisages a preliminary assessment of such parameters as the degree of information availability and loyalty of consumers, duration of the cycle of purchase of commodities or their basic group/groups, realised in a shop, which is also based on a preliminary decision making with respect to the function of outdoor advertising in the process of promotion and its relevant role in the communication mix of a trading enterprise.
Keywords: outdoor advertising, trading enterprise, strategy of placing outdoor advertising, schedule of placing, distribution of the budget of outdoor advertising
Fig.: 5. Tabl.: 2. Bibl.: 14.

Mel'nykovych Olena M. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Marketing and Advertising, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: olena_melnikov@ukr.net
Krepak Anna S. – Assistant, Department of Marketing and Advertising, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: krepak-007@yandex.ru

Reference to this article:
Mel'nykovych, Olena M., and Krepak, Anna S. (2013) “Selection of the strategy of placing outdoor advertising of trading enterprises on the basis of the matrix model.” The Problems of Economy 4:254–261.

List of references in article

Gogoleva, E. L. Massovye kommunikatsii i mediaplanirovanie [Mass communication and media planning]. Rostov-na-Donu: Feniks, 2008.
Gellovey, L. Operatsionnyy menedzhment [Operations Management]. St. Petersburg: Piter, 2002.
Katerniuk, A. V. Sovremennye reklamnye tekhnologii: kommercheskaia reklama [Modern advertising technologies: commercial advertising]. Rostov-na-Donu: Feniks, 2001.
Krylov, A., and Zuenkova, O. “Reklamnaia strategiia: postanovka zadachi i otsenka effektivnosti“ [Advertising strategy: goal setting and evaluation]. http:www.marketing.spb.ru/lib-comm/advert/adv_strategy.htm
Nazaykin, A. Mediaplanirovanie na 100% [Media Planning at 100%]. Moscow: Alpina Biznes Buks, 2007.
“Naruzhnaia reklama Ukrainy“ [Outdoor advertising in Ukraine]. http:oohmasterad.wordpress.com/tag/%D0%BE%D0%BE%D0%BD/
Pesotskiy, E. Sovremennaia reklama: teoriia i praktika [Modern Advertising: Theory and Practice]. Rostov-na-Donu: Feniks, 2003.
Romat, IE. V. Reklama v systeme marketynha [Advertising in the marketing system]. Kyiv: Studtsentr, 2008.
Rossister, Dzh. R., and Persi, L. Reklama i prodvizhenie tovarov [Advertising and promotion of products]. St. Petersburg: Piter, 2001.
Sissors, Dzh. Z., and Beron, R. B. Reklamnoe media-planirovanie [Advertising media planning]. St. Petersburg: Piter, 2004.
Smit, P., Berri, K., and Pulford, A. Kommunikatsii strategicheskogo marketinga [Strategic Marketing Communications]. Moscow: Yuniti-Dana, 2001.
Sysoeva, S. “Kak vospitat loialnost pokupatelia“ [How to raise customer loyalty]. http://www.marketing.spb.ru/lib-comm/dm/bringup_loyalty.htm
“Tovary tryvaloho vykorystannia“ [Durable goods]. GFK-Ukraine. http://www.gfk.ua/markets/custom_research/durable_goods/index.ua.html
Surmanek, J. Media planning: a practical guide: The McGraw-Hill Companies, 1996.

Section: Economics and Enterprise Management
UDC 005:658.012
Otenko I. P., Kosharnaya P. S.
Analytical provision of strategic position of an enterprise (p. 262 - 267)
The article is devoted to the problems of analysis and assessment of a strategic position of industrial enterprises. It identifies main aspects of planning the strategic position of enterprises. It justifies main parameters of analysis and assessment of external environment of economic activity and competitive conditions. It generalises the existing scientific experience in the sphere of analysis of the strategic position of an enterprise, forms three groups of analytical instruments, which allow managing the strategic position on the basis of deep understanding of specific features of the industry and intensity of competition in it, comprehension of consumer needs and also the existing strategy, experience, resources and capabilities to correspond with these needs.
Keywords: market, strategy, strategic positioning, analytical provision, competitive advantages
Fig.: 2. Tabl.: 1. Bibl.: 9.

Otenko Iryna P. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of International Economic Relations, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: otenkoip@gmail.com
Kosharnaya Polina S. – Postgraduate Student, Department of Economic Analysis, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: ovi@hneu.edu.ua

Reference to this article:
Otenko, Iryna P., and Kosharnaya, Polina S. (2013) “Analytical provision of strategic position of an enterprise.” The Problems of Economy 4:262–267.

List of references in article

Aaker, D. Strategicheskoe rynochnoe upravlenie [Strategic market management]. St. Petersburg: Piter, 2007.
Ansoff, I. Strategicheskoe upravlenie [Strategic management]. Moscow: Ekonomika, 1989.
Voronkova, A. E. Strategicheskoe upravlenie konkurentosposobnym potentsialom predpriiatiia: diagnostika i organizatsiia [Strategic management of competitive potential of the enterprise: Diagnosis and organization]. Lugansk: VNU imeni Vladimira Dalia, 2004.
Zub, A. T., and Laktionov, M. V. Sistemnyy strategicheskiy menedzhment: metodologiia i praktika [Strategic Management System: Methodology and Practice]. Moscow: Genezis, 2001.
Goshal, S., Mintsberg, G., and Kuinn, Dzh. Strategicheskiy protsess [Strategic process]. St. Petersburg: Piter, 2001.
Grant, R. M. Sovremennyy strategicheskiy analiz [Modern strategic analysis]. St. Petersburg: Piter, 2008.
Nalyvaiko, A. P. Teoriia stratehii pidpryiemstva. Suchasnyi stan ta napriamky rozvytku [The theory of business strategy. Current state and trends of development]. Kyiv: KNEU, 2001.
Tompson, A., and Striklend, A. Strategicheskiy menedzhment: kontseptsii i situatsii dlia analiza [Strategic Management: Concepts and situation analysis]. Moscow: Viliams, 2002.
Fliaysher, K., and Bensussan, B. Strategicheskiy i konkurentnyy analiz. Metody i sredstva konkurentnogo analiza v biznese [Strategic and competitive analysis. Methods and tools for competitive analysis in the business]. Moscow: BINOM; Laboratoriia znaniy, 2005.

Section: Economics and Enterprise Management
Braginets A. N.
Specification of functions of monitoring economic activity of enterprises (p. 268 - 273)
The goal of the article lies in specification of the function of monitoring the economic activity of enterprises with respect to complementary “controlling” notion with the help of analysis of theoretical and methodological aspects of feedback. Analysing, systemising and generalising scientific works devoted to monitoring and controlling, the article shows a tendency of mixing the monitoring and controlling functions. In order to divide monitoring and controlling functions, the article formulates scientific principles in accordance with which this division should be done. This is the principle of reality chart, principle of historical succession, principle of mutual study of complementary notions and principle of minimum of inter-subject uncertainty. The article proves that the monitoring and controlling notions, as synthetic and complementary notions, should be described within the feedback theory. It justifies that the monitoring functions lie observation over the enterprise properties through their measurement and preservation of the obtained results. Controlling is the process based on monitoring, activity of which lies in the search for deviations from the standard (plan) and development of correcting decisions directed at achievement of goals of the enterprise. Development of the studied methods of management within the feedback theory would help to reduce uncertainty in their interpretation, which exists now in scientific circles.
Keywords: feedback, monitoring, controlling
Fig.: 2. Tabl.: 1. Bibl.: 11.

Braginets Anton N. – Candidate of Sciences (Economics), Candidate on Doctor Degree, Lugansk National Agrarian University (Mіstechko LNAU, 91008, Ukraine)
Email: antbrag@ukr.net

Reference to this article:
Braginets, Anton N. (2013) “Specification of functions of monitoring economic activity of enterprises.” The Problems of Economy 4:268–273.

List of references in article

Bushmeleva, G. V. “Formirovanie sistemy operativnogo monitoringa predpriiatiia“ [Formation of the operational monitoring of the enterprise]. avtoref. diss. … kand. ekon. nauk: 08.00. 05, 2002.
Purskyi, O. I., Bannikova, S. O., and Moroz, I. O. “Cotsialno-ekonomichnyi monitorynh iak skladova chastyna informatsiinoho zabezpechennia protsesu rehionalnoho upravlinnia“ [Socio-economic monitoring as part of the Information Support of regional management]. Biznes Inform, no. 11 (2012): 51-54.
Baranets, N. G. Filosofiia nauki [Philosophy of science]. Ulianovsk: Vektor – S, 2011.
Khaustova, V. E., and Kurochkina, I. G. “Metodologicheskie podkhody k opredeleniiu sushchnosti poniatiia «integratsiia subektov khoziaystvovaniia»“ [Methodological approaches to the definition of the concept of \"integration of business entities\"]. Problemy ekonomiki, no. 3 (2009): 53-63.
Eilon, S. Management controlBoston: Harvard Business School Press, 1971.
Johnson, R. A. Management, systems, and society: an introductionPacific Palisades; Calif: Goodyear Pub. Co., 1976.
Anthony, R. N., and Govindarajan, V. Menegement control systemsNew Delhi: Tata McGraw Hill Education Private Limited, 2012.
Solovev, G. A. Ekonomicheskiy kontrol v sisteme upravleniia [Economic control in the control system]. Moscow: Finansy i statistika, 1986.
Riabova, M. A. Kontrol i reviziia [Control and audit]. Ulianovsk: UlGTU, 2011.
Berka, K. Izmereniia. Poniatiia, teorii, problemy Mereni [Measurement. Concepts, theories, problems Mereni]. Moscow: Progress, 1987.
Uemov, A. I. Logicheskie oshibki. Kak oni meshaiut pravilno myslit [Fallacies. They interfere with the right mindset]. Moscow: Gospolitizdat, 1958.

Section: Economics and Enterprise Management
UDC 338.24
Zaharkin O. O.
Innovation activity of an enterprise: theoretical aspect (p. 274 - 280)
The article studies theoretical aspects of development of the innovation theory and its categorical mechanism. It considers the essence of the “innovation activity of an enterprise” notion. It was established in the course of the study that there is no common definition of the notion in scientific literature. It was established on the basis of the conducted analysis that innovation activity is a complex of measures (scientific, technological, production, organisational, financial and commercial), which together lead to innovations in the form of a new or improved product (service) or technology of conducting business. The article identifies the subject, object, tasks and results of innovation activity of an enterprise, its structure and factors of activation. It proves that activity of innovation activity of an enterprise determines its innovation potential. Taking the above into account the article studies the essence of the notion and specifies its place in the economic potential of an enterprise. Moreover, it provides the structure of innovation potential of an enterprise and conducts analysis of its components. It formalises factors of positive and negative influence upon development of innovation activity in Ukraine.
Keywords: innovation development, innovation activity of enterprises, innovation processes, innovations
Fig.: 4. Tabl.: 3. Bibl.: 15.

Zaharkin Oleksiy O. – Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Faculty of Economics and Management, Sumy State University (116 Kharkivska Str., Sumy, 40007, Ukraine)
Email: zaharkin@ukr.net

Reference to this article:
Zaharkin, Oleksiy O. (2013) “Innovation activity of an enterprise: theoretical aspect.” The Problems of Economy 4:274–280.

List of references in article

Alimov, A. M. Upravlenie innovatsionnym tsiklom [Management innovation cycle]. Kyiv: Naukova dumka, 1993.
Amosha, O. I., Antoniuk, V. P., and Zemliankin, A. I. Aktyvizatsiia innovatsiinoi diialnosti: orhanizatsiino-pravove ta sotsialno-ekonomichne zabezpechennia [Enhancing innovation: the legal and socio-economic security]. Donetsk: NAN Ukrainy; Instytut ekonomiky promyslovosti, 2007.
Balabanov, I. T. Innovatsionnyy menedzhment [Innovation Management]. St. Petersburg: Piter, 2000.
Burkynskyi, B. V., and Lazareva, IE. V. Innovatsiina stratehiia u sotsialno-ekonomichnomu rozvytku rehionu [The innovative strategy of socio-economic development of the region]. Odesa: IPREED NAN Ukrainy, 2007.
Butenko, O. A. “Osnovni napriamy ta priorytety innovatsiinoi diialnosti v Ukraini“ [The main directions and priorities of innovation activity in Ukraine]. Derzhava ta rehiony, no. 3 (2006): 28-30.
3avlin, P. N., Ignatov, A. A., and Kulagin, A. S. Innovatsionnaia deiatelnost v usloviiakh rynka [Innovation activity in the market]. St. Petersburg: Piter, 1994.
[Legal Act of Ukraine] (2002).
Kapitan, I. “Formuvannia innovatsiinoho potentsialu i upravlinnia ioho rozvytkom“ [Formation of the innovative potential and managing its development]. Aktualni problemy ekonomiky, no. 12 (2006): 130-137.
Kokurin, D. I. Innovatsionnaia deiatelnost [Innovative activity]. Moscow: Ekzamen, 2001.
Nikolaev, A. “Innovatsionnoe razvitie i innovatsionnaia kultura“ [Innovative development and innovation culture]. Problemy teorii i praktiki upravleniia, no. 2 (2001): 57-63.
Potentsial innovatsionnogo razvitiia predpriiatiia [Potential of innovative development company]. Sumy: Delovye perspektivy, 2005.
Skrypko, T. O. Innovatsiinyi menedzhment [Innovation Management]. Kyiv: Znannia, 2011.
Fedonin, O. S., Riepina, I. M., and Oleksyk, O. I. Potentsial pidpryiemstva: formuvannia ta otsinka [Potential Company: development and evaluation]. Kyiv: KNEU, 2003.
Sharko, M. V. Upravlenie razvitiem innovatsiy v promyshlennom proizvodstve [Managing the development of innovation in industrial production]. Kherson: Oldi-Pliuszh, 2010.
Chernyi, L. E. “Rol ynnovatsyonnoi deiatelnosty v uvelychenyy prybyly predpryiatyia“ [The role of innovation in increasing the profits of the enterprise]. Ekonomika. Finansy. Pravo, no. 8 (2003): 13-17.

Section: Economics and Enterprise Management
UDC 339.564:658
Kobzyeva K. V.
Export potential of an enterprise: essence and specific features of formation (p. 281 - 285)
The article is devoted to development of theoretical and methodological grounds of analysis of export potential of an enterprise on the basis of the system paradigm of its formation. It analyses existing approaches to interpretation of the essence of export potential of an enterprise and proves that the problem of categorical distinctness of export potential of an enterprise is caused by complexity of its formation as a system phenomenon, appearing on the basis of coherence and interaction of enterprise potentials (production system) and foreign market (system of international exchange). The article provides the author’s interpretation of the essence and specific features of formation of export potential of an enterprise in the context of interaction of the enterprise potentials and foreign market. It justifies expediency of identification of the essence of export potential of an enterprise through the category of assets that are attracted to export activity of an enterprise.
Keywords: export potential of an enterprise, assets, enterprise potential, foreign market potential
Bibl.: 11.

Kobzyeva Kateryna V. – Candidate of Sciences (Economics), Associate Professor, Donbas State Technical University (84 Peremohy Ave., Lysychansk, Luhansk region, 93100, Ukraine)

Reference to this article:
Kobzyeva, Kateryna V. (2013) “Export potential of an enterprise: essence and specific features of formation.” The Problems of Economy 4:281–285.

List of references in article

Volkodavova, E. V. Eksportnyy potentsial promyshlennykh predpriiatiy: teoriia, metodologiia, praktika [Export potential of the industry: theory, methodology, practice]. Samara: SGEU, 2007.
Mazaraki, A. A., Yukhymenko, V. V., and Hrebelnyk, O. P. Upravlinnia eksportnym potentsialom Ukrainy [Management of export potential of Ukraine]. Kyiv: KNTEU, 2007.
Upravlinnia mizhnarodnoiu konkurentospromozhnistiu v umovakh hlobalizatsii ekonomichnoho rozvytku [Management of international competitiveness in a globalizing economic development]. Kyiv: KNEU, 2006.
Colodkovskyi, Yu. M. “Modeli rozvytku konkurentospromozhnosti eksportu u suchasnii systemi svitovoi torhivli“ [Models of export competitiveness in the modern system of world trade]. In Upravlinnia mizhnarodnoiu konkurentospromozhnistiu v umovakh hlobalizatsii ekonomichnoho rozvytku, 163-196. Kyiv: KNEU, 2006.
Ponomarenko, V. S., and Piddubna, L. I. “Mizhnarodna konkurentospromozhnist pidpryiemstva i dyversyfikatsiia eksportu: naukovo-metodychni aspekty analizu ta otsinky“ [International competitiveness and export diversification: the scientific and methodological aspects of the analysis and evaluation]. In Konkurentospromozhnist: problemy nauky ta praktyky, 7-22. Kharkiv: Liburkina L. M.; INZhEK, 2009.
Kaletnik, H. M., Zabolotnyi, H. M., and Kozdovskyi, S. V. “Innovatsiini modeli upravlinnia stratehichnym ekonomichnym potentsialom suchasnykh ekonomichnykh system“ [Innovative models of strategic economic potential of modern economies]. Aktualni problemy ekonomiky, no. 4 (118) (2011): 3-11.
Lukicheva, L. I., and Egorichev, D. N. Vnutrifirmennoe upravlenie intellektualnymi aktivami [Intra management of intellectual assets]. Moscow: Omega-L, 2004.
Sistemnyy analiz i priniatie resheniy: Slovar-spravochnik [System analysis and decision-making: Reference Dictionary]. Moscow: Vysshaia shkola, 2004.
Riepina, I. M. “Aktyvy pidpryiemstva: katehorialnyi analiz ta systemolohiia“ [The assets of the enterprise: the categorical analysis and Systemology]. In Formuvannia rynkovoi ekonomiky, 548-553. Kyiv, 2008.
Server mizhnarodnoho torhivelnoho tsentru OON. org/tradstat/ welcome. htm.
“Zvit №55 895 – UA Ukraina: Memorandum pro ekonomichnyi rozvytok. Verso“ [Report number 55895 - UA Ukraine: Country Economic Memorandum. Verso]. Svitovyi bank, 2010.

Section: Economics and Enterprise Management
UDC [005.32:331.101.3]:005.21
Yermolenko O. A.
Interconnection of the development strategy and motivation system at enterprises (p. 285 - 291)
Personnel is the most important resource of an enterprise, under conditions of limited resources and for ensuring competitive advantages in the market, which allows, by means of the efficient system of motivation (which should be a component of the enterprise strategic development), solution of main strategic tasks of an enterprise – increase of efficiency and effectiveness of the personnel labour, which, in its turn, is an important factor of the enterprise development in general. The article analyses interconnection of the enterprise development strategy and personnel management strategy by means of formation of the personnel strategy, which allows setting reference points in the sphere of personnel management for a long period and formulation of the personnel strategy. The article considers the system of enterprise motivation in the format of the balanced scorecard, which is presented through setting up a strategic chart, which is based on four components of achievement of strategy, namely: finance, clients, internal business processes and human capital. It considers interconnection of the development strategy with the key indicators of efficiency of enterprise activity, which specifies essence of strategic goals. It justifies connection of balanced scorecard with the system of motivation at enterprises by means of identification of indicators (that identify the result of achievement of certain strategic goals of an enterprise) and a motivation measure (in accordance with the results of achievement of goals).
Keywords: strategy, motivation, personnel strategy, balanced scorecard, key scorecard
Fig.: 4. Tabl.: 1. Bibl.: 28.

Yermolenko Oleksii A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Social Sciences, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: oleksii.yermolenko@m.hneu.edu.ua

Reference to this article:
Yermolenko, Oleksii A. (2013) “Interconnection of the development strategy and motivation system at enterprises.” The Problems of Economy 4:285–291.

List of references in article

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Blumfild, Ch. “Vnedrenie sbalansirovannoy sistemy otsenochnykh indikatorov: metodologiia“ [Introduction of a balanced system of evaluation indicators : methodology]. Microsoft Balanced Scorecard Framework. www.microsoft.com.
Gershun, A., and Gorskiy, M. Tekhnologii sbalansirovannogo upravleniia [Sustainable management of technology]. Moscow: Olimp-Biznes, 2006.
Liaskovska, O. O. “Perevahy ta nedoliky zbalansovanoi systemy pokaznykiv“ [Advantages and Disadvantages of Balanced Scorecard]. Aktualni problemy ekonomiky, no. 7 (2008): 119-126.
Konovalova, G. I. “Prakticheskiy podkhod k sbalansirovannomu upravleniiu promyshlennym predpriiatiem“ [A practical approach to sustainable management of industrial enterprise]. Menedzhment v Rossii i za rubezhom, no. 8 (2009): 91-96.
Kokueva, Zh. M., and Ugriumov, M. V. “Sistema sbalansirovannykh pokazateley kak instrument upravleniia predpriiatiem informatsionno-tekhnologicheskoy sfery“ [The balanced scorecard as a tool for enterprise management of information technology sphere]. Menedzhment v Rossii i za rubezhom, no. 4 (2010): 89-95.
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Nili, E., Adams, K., and Kennerli, M. Prizma effektivnosti: Karta sbalansirovannykh pokazateley dlia izmereniia uspekha v biznese i upravleniia im [Performance Prism: the balanced scorecard to measure success in business and management]. Dnepropetrovsk: Balans-Klub, 2003.
Solovii, Kh. Ya. “Zbalansovana systema pokaznykiv iak instrument ob’iektyvnoi otsinky efektyvnosti innovatsiinoi diialnosti pidpryiemstva“ [Balanced Scorecard as a tool for objective assessment of the effectiveness of innovation enterprise]. Aktualni problemy ekonomiky, no. 1 (2010): 155-163.
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Yastremska, O. M., and Hrynyova, A. V. “Yakist formuvannia finansovoi stratehii pidpryiemstva“ [The quality of the formation of the financial strategy of the company]. Finansy Ukrainy, no. 6 (2006): 121-128.
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Section: Economics and Enterprise Management
UDC 658.15:502.333
Kostel M. V., Shyshova Y. G.
Cost oriented enterprise management under conditions of ecology oriented development on the basis of the cost fracture method (p. 292 - 298)
The goal of the article is improvement of approaches to cost oriented management at enterprises under conditions of ecology oriented development on the basis of a complex accounting of non-financial factors of influence. The cost oriented management is considered to be an approach to enterprise management, which is the most adequate to the modern economic realities nowadays. However, the technology of its use requires improvement, taking into account appearance of new requirements to realisation of economic activity of an enterprise, caused by a necessity of ensuring ecologically sustainable development. Based of the analysis of practical experience of enterprises activity in the direction of ecology oriented development, the article identifies directions of obtaining additional benefits, which allow improvement of financial and economic indicators and increase the enterprise cost. The article offers to identify the stage-by-stage process of obtaining benefits by economic subjects in the form of the chain of formation of additional cost “effects-levers-cost”. On the basis of the above chain the article justifies improvement of approaches of managing cost within the framework of the Value Based Management (VBM), which is based on the technology of fracture management. In the result of the analysis of the essence, nature and spheres of manifestation, the article offers definition of the cost fracture notion. The article identifies mechanisms of cost management under conditions of ecology oriented development on the basis of gradual reduction of the cost fracture. Theoretical and methodical instruments of assessment and management of cost fractures require further development, which would facilitate improvement of mechanisms of enterprise cost management under conditions of ecology oriented development.
Keywords: cost oriented management, “effects-levers-cost” chain, cost fracture, ecology oriented development, cost management mechanisms
Fig.: 1. Tabl.: 1. Bibl.: 9.

Kostel Mykola V. – Candidate of Sciences (Economics), Senior Lecturer, Sumy State University (116 Kharkivska Str., Sumy, 40007, Ukraine)
Email: kostel_nv@mail.ru
Shyshova Yuliya G. – Junior Researcher, Leading Specialist, Department of Finance and Credit, Sumy State University (116 Kharkivska Str., Sumy, 40007, Ukraine)
Email: shyshova_yulia@mail.ru

Reference to this article:
Kostel, Mykola V., and Shyshova, Yuliya G. (2013) “Cost oriented enterprise management under conditions of ecology oriented development on the basis of the cost fracture method.” The Problems of Economy 4:292–298.

List of references in article

Pakhomova, S. V. “Analiz stanu mashynobudivnykh pidpryiemstv Ukrainy ta mozhlyvosti stratehii ikh rozvytku“ [Analysis of machine-building enterprises of Ukraine and possibilities of strategy of development]. Prometei, no. 3 (29) (2009): 155-159.
Yudin, M. A. “Ukrainske mashynobuduvannia: osnovni tendentsii ta priorytetni napriamy rozvytku“ [Ukrainian Engineering: key trends and priorities of development]. Biznes Inform, no. 2 (2012): 111-115.
Volkov, D. L. “Pokazateli rezultatov deiatelnosti: ispolzovanie v upravlenii stoimostiu kompanii“ [Performance indicators: use of cost management company]. Rossiyskiy zhurnal menedzhmenta vol. 3, no. 2 (2005): 3-42.
Ivashkovskaia, I. V. “Upravlenie stoimostiu kompanii: vyzov rossiyskomu menedzhmentu“ [Value-Based Management: A Challenge to the Russian management]. Rossiyskiy zhurnal menedzhmenta vol. 2, no. 4 (2004): 113-132.
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Section: Economics and Enterprise Management
UDC 331. 658. 3
Sochynska-Sybirtseva I. M.
Ensuring personnel reliability as a factor of increase of competitiveness (p. 299 - 304)
The goal of the article lies in identification of the essence of economic category “personnel competitiveness”, marking out the most important factors of influence upon personnel competitiveness and identification of specific ways of increase of personnel competitiveness by means of ensuring reliability of enterprise personnel. While studying and generalising scientific works of foreign and domestic scientists, the article systemises approaches to definition of the “personnel competitiveness” notion. In the result of the study the article identifies factors of influence upon personnel competitiveness, in particular: readiness of an employee to innovations and personnel reliability. The article argues that the degree of personnel reliability significantly depends on the selected technology of professional selection of workers. One of the prospective ways of improvement of the system of professional selection is introduction of special psycho-physiological technologies, including the polygraph ones. It is expedient to conduct further studies in the direction of development of methods of assessment of the level of personnel reliability and construction of regression models of dependence of enterprise competitiveness on the level of personnel reliability.
Keywords: personnel competitiveness, competitive advantages, personnel reliability, professional selection technology
Fig.: 1. Bibl.: 12.

Sochynska-Sybirtseva Iryna M. – Candidate of Sciences (Economics), Associate Professor, Department of Labour Economics and Management, Kirovograd National Technical University (8 Unіversytetskyi Ave., Kropyvnytskyi, 25006, Ukraine)
Email: sibirochka-s@mail.ru

Reference to this article:
Sochynska-Sybirtseva, Iryna M. (2013) “Ensuring personnel reliability as a factor of increase of competitiveness.” The Problems of Economy 4:299–304.

List of references in article

Volkova, E. A., and Kalinikova, E. V. “Povyshenie konkurentosposobnosti predpriiatiia na osnove sovershenstvovaniia kachestva rabochey sily“ [Improving the competitiveness of enterprises through improved quality of the workforce]. http:venec.ulstu.ru/lib/disk/2010/Volkova.pdf.
B Ivanov, Yu., Orlov, P. A., and Ivanova, O. Yu. Konkurentni perevahy pidpryiemstva: otsinka, formuvannia ta rozvytok [Competitive advantage: assessment, formulation and development]. Kharkiv: INZhEK, 2008.
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Kachalina, L. N. Konkurentosposobnyy menedzhment [Competitive management]. Moscow: Eksmo, 2006.
Fatkhutdinov, R. A. Konkurentosposobnost: ekonomika, strategiia, upravlenie [Competitiveness: economics, strategy, management]. Moscow: INFRA-M, 2000.
Dolzhanskyi, I. Z., and Zahorna, T. O. Konkurentospromozhnist pidpryiemstva [The competitiveness of the enterprise]. Kyiv: Tsentr uchbovoi literatury, 2006.
Vasylenko, V. O. Stratehichne upravlinnia [Strategic Management]. Kyiv: TsUL, 2003.
Sochynska-Sybirtseva, I. M. “Kreatyvni tekhnolohii upravlinnia konfliktnymy sytuatsiiamy na vitchyznianykh pidpryiemstvakh“ [Creative Technologies conflict management in domestic enterprises]. Biznes Inform, no. 10 (2012): 271-274.
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Kozachuk, N. “Sistemnyy podkhod k podboru personala“ [Systematic approach to recruitment]. Upravlenie personalom – Ukraina, no. 04 (175) (2008): 23-28.
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Section: Economic theory
UDC 330.8(477)
Suprun N. A., Bodnarchuk T. L.
Formation of conceptual grounds of the theory of economic development in the context of protection free trade controversy of XIX – beginning of XX century (p. 305 - 311)
The goal of the article is detection of historical specific features of evolution of scientific views and theoretical conceptualisation of problems of protectionism as a factor of economic development in the domestic scientific literature of XIX – beginning of XX century. The article conducts analysis of problems of the protection free trade controversy at various stages of practical implementation of the policy of paternalism by the Russian government. The article justifies the category of rational protectionism as a possible consensus solution of the said discussion. It reveals that scientific controversy between the supporters of protectionism and followers of free trade had an important scientific and practical significance since it facilitated justification of conceptual grounds of formation of the domestic model of economic development. The prospect of further studies of the said problems lies in the study of the concepts of the policy of state paternalism at various stages of historical development of the Ukrainian territory, which could be considered as the theoretical and methodological basis of development of the domestic strategy of economic development under modern conditions.
Keywords: history of economic thought of Ukraine, history of economy of Ukraine, economic development concept, protectionism, rational protectionism, free trade
Bibl.: 10.

Suprun Nataliya A. – Doctor of Sciences (Economics), Associate Professor, Leading Researcher, Institute for Economics and Forecasting of NAS of Ukraine (26 Panasa Myrnoho Str., Kyiv, 01011, Ukraine)
Email: natalia_suprun@ukr.net
Bodnarchuk Tetyana L. – Postgraduate Student, Institute for Economics and Forecasting of NAS of Ukraine (26 Panasa Myrnoho Str., Kyiv, 01011, Ukraine)
Email: tylya.ru@mail.ru

Reference to this article:
Suprun, Nataliya A., and Bodnarchuk, Tetyana L. (2013) “Formation of conceptual grounds of the theory of economic development in the context of protection free trade controversy of XIX – beginning of XX century.” The Problems of Economy 4:305–311.

List of references in article

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Bodnarchuk, T. L. “Problematyka protektsionistsko-frytrederskoi polemiky seredyny KhIKh – pochatku KhKh stolittia“ [Problems protectionist-fritrederskoy controversy mid-nineteenth - early twentieth century]. Suchasni tendentsii v ekonomitsi ta upravlinni: novyi pohliad. Donetsk: SIEU, 2013.15-17.
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Section: Economic theory
UDC 65.03
Yatskevych I. V.
Transfer price: theoretical and applied aspects (p. 312 - 317)
Modern conditions of development of entrepreneurial activity result in fundamental reformation of relations between economic subjects. Not only the subjects change, but also the forms of their interaction with each other on the basis of partner relations. One of the mechanisms of formation and development of partner relations is the transfer price, which is a prerequisite of systematisation of theoretical aspects of formation of the transfer price (notions, essence, participant of price formation) and identification of the mechanism of its calculation with consideration of changes in entrepreneurial environment (index of consumer prices, competitiveness, life cycle and promotion of products – works and services – in the market). Three main stages could be marked out in the process of the transfer price formation between partner-participants under modern conditions: analysis of expediency of introduction or use of price, identification and analysis of factors that influence price formation, and identification and introduction of methods of calculation of the transfer price at an enterprise. The author recommends methods of calculation of the transfer price between the partner-participants. The article considers advantages and shortcomings of the state regulation of the price, and also offers recommendations on efficient introduction of changes into the Tax Code of Ukraine.
Keywords: state regulation, partner, enterprise, transfer price, partner-participant
Fig.: 2. Formulae: 1. Bibl.: 11.

Yatskevych Inna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economic and Financial Policies, Odesa Regional Institute of Public Administration (22 Henuezka Str., Odesa, 65009, Ukraine)
Email: innav2007@mail.ru

Reference to this article:
Yatskevych, Inna V. (2013) “Transfer price: theoretical and applied aspects.” The Problems of Economy 4:312–317.

List of references in article

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Rayzberg, B. A., Lozovskiy, L. Sh., and Staradubtseva, E. B. Sovremennyy ekonomicheskiy slovar [Modern Dictionary of Economics]. Moscow: INFRA-M, 2002.
“Proekt Zakonu pro vnesennia zmin do Podatkovoho kodeksu Ukrainy shchodo transfertnoho tsinoutvorennia“ [Draft Law on Amendments to the Tax Code of Ukraine regarding transfer pricing]. http:w1.c1. rada.gov.ua/pls/zweb2/webproc4_2?id=&pf3516=2515&skl=8.
Orhanizatsiia ekonomichnoho spivrobitnytstva ta rozvytku. http:www.oecd.org/home.

Section: Finance and banking
UDC 347.73
Manoilenko O. V., Lisina V. Y.
Methods of state financial regulation of the corporate sector of economy (p. 318 - 323)
The article conducts the study of theoretical approaches to formation of methods of financial regulation of the corporate sector of economy and identifies their composition and priorities of application. It marks out main stages of their formation, which include identification of: goals, factors of influence, criteria and restrictions that allow development of instruments of state financial regulation. It offers typologisation of the organisational and financial composition of instruments of state financial policy, among which there are main groups: supporting the functioning mode, stabilising and transformational (directed at changing the form of organisation or structure of the corporate sector and/or mode of its functioning), which, in their turn, are divided into two classes: financial-economic and institutional.
Keywords: methods of state financial regulation, corporate sector of economy, state financial policy, instruments of the state financial regulatory policy
Fig.: 1. Bibl.: 11.

Manoilenko Oleksandr V. – Doctor of Sciences (Economics), Professor, Director, Educational and Scientific Institute of Economics, Management and International Business, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: aleksvman@gmail.com
Lisina Viktoriya Yu. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economic Analysis and Accounting, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: lisina.viktoria@gmail.com

Reference to this article:
Manoilenko, Oleksandr V., and Lisina, Viktoriya Yu. (2013) “Methods of state financial regulation of the corporate sector of economy.” The Problems of Economy 4:318–323.

List of references in article

Artus, M. M. “Zasady formuvannia finansovoi paradyhmy v suchasnykh umovakh rozvytku rynkovoi ekonomiky Ukrainy“ [Principles of formation of financial paradigm in current conditions of the market economy in Ukraine]. Finansy Ukrainy, no. 5 (2006): 63-70.
Kuchukov, R. A. Gosudarstvennoe regulirovanie natsionalnoy ekonomiki v sovremennoy Rossii [State regulation of the national economy in modern Russia]. Moscow: Ekonomika, 2012.
Melnikov, V. V. Gosudarstvennoe regulirovanie natsionalnoy ekonomiki [State regulation of the national economy]. Moscow: Omega-L, 2011.
Kristensen, K., and Reynor, M. Reshenie problemy innovatsiy v biznese [Solving the problem of innovation in business]. Moscow: Alpina Biznes Buks, 2004.
Kushlina, V. I. Ekonomicheskaia transformatsiia: Tseli, napravleniia, dinamika [Economic Transformation: The objectives, directions and dynamics]. Moscow: RAGS, 2001.
Melnik, L. G. Ekonomika razvitiia [Development Economics]. Sumy: Universitetskaia kniga, 2006.
Mekhanizmy upravleniia ekologo-ekonomicheskimi sistemami [Control mechanisms of ecological and economic systems]. Moscow: Izdatelstvo fiziko-matematicheskoy literatury, 2008.
Rot, A., Zakharov, A., and Mirkin, Ya. Osnovy gosudarstvennogo regulirovaniia finansovogo rynka [Basis for state regulation of the financial market]. Moscow: Yustitsinform, 2002.
Peregudov, S. P. Korporatsii, obshchestvo, gosudarstvo: Evoliutsiia otnosheniy [Corporation, society, state: Evolution of relations]. Moscow: Nauka, 2003.
Savvina, O. V. Regulirovanie finansovykh rynkov [Regulation of financial markets]. Moscow: Dashkov i Ko, 2008.
Odintsova, H. S., Dziundziuk, V. B., and Meltiukhova, V. B. Teoriia ta istoriia derzhavnoho upravlinnia [Theory and history of public administration]. Kyiv: Profesional, 2008.

Section: Finance and banking
UDC 336.1:352
Volokhova I. S.
Financial equalisation in Ukraine: search for an efficient model (p. 324 - 330)
The goal of the article lies in development of an efficient model of financial equalisation of income of territorial budgets, which would allow achievement of the maximum degree of accounting of needs of the population. The author considers advantages and shortcomings of various types of inter-budget transfers and shows the problems of financial equalisation in Ukraine. In the result of the study the article develops an economically more efficient model of financial equalisation for Ukraine, which would not violate sovereignty of consumers and stimulate bodies of local self-governance for accumulation of own income base. The article shows that common inter-budget transfers are the most optimal type of horizontal financial equalisation. In order to conduct it efficiently, it is necessary to achieve the balance between the financial needs of territorial units and their financial potentials, which are taken into account during financial equalisation. Equalisation grants are offered to be provided mainly by means of the funds that are transferred from the lower level budget into the higher level budget. Increase of the financial potential could be realised through attaching some of the state taxes, dues and mandatory payments to local budgets. The article justifies the necessity to reduce the degree of the financial equalisation. The author offers to provide target-oriented inter-budget transfers by objective criteria and only in the event of a necessity of stabilisation of cyclic fluctuations of economy and equalisation of income of the population. The considered issues are the basis for further deeper applied studies, connected with the necessity of conducting reforms of financial equalisation, for development of some legislative norms, which creates prerequisites for further system reformation of territorial finance in Ukraine.
Keywords: financial equalisation, inter-budget transfers, equalisation grants, subventions, fiscal gap
Tabl.: 2. Bibl.: 15.

Volokhova Iryna S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Odesa National Economic University (8 Preobrazhenska Str., Odesa, 65082, Ukraine)
Email: volokhovais@ukr.net

Reference to this article:
Volokhova, Iryna S. (2013) “Financial equalisation in Ukraine: search for an efficient model.” The Problems of Economy 4:324–330.

List of references in article

Biudzhet i biudzhetnyi protses v umovakh tranzytyvnoi ekonomiky Ukrainy [The budget and the budget process in terms of transitive economy of Ukraine]. Kyiv: NDFI, 2006.
[Legal Act of Ukraine] (2001).
Lunina, I. O., Kyrylenko, O. P., and Luchka, A. V. Dyversyfikatsiia dokhodiv mistsevykh biudzhetiv [Diversification of local budgets]. Kyiv, 2010.
Zabrotska, O. V. “Finansove terytorialne vyrivniuvannia v systemi mizhbiudzhetnykh vidnosyn“ [Financial territorial balance in the intergovernmental fiscal relations]. avtoref. dys. ... kand. ekon. nauk : 08.00. 08, 2011.
Luk\'ianenko, I. H. “Systemne modeliuvannia mekhanizmu biudzhetnoho rehuliuvannia“ [System modeling mechanism for budgetary control]. avtoref. dys. ... d-ra ekon. nauk: 08. 03. 02, 2005.
Oparin, V. Finansova systema Ukrainy (teoretyko-metodolohichni aspekty) [The financial system of Ukraine (theoretical and methodological aspects)]. Kyiv: KNEU, 2005.
Slukhai, S. Mizhbiudzhetni transferty u postsotsialistychnykh krainakh: vid teorii do realii [Intergovernmental transfers in post-socialist countries: from theory to reality]. Kyiv: ArtEk, 2002.
Suntsova, O. O. Mistsevi finansy [Local Finance]. Kyiv: Tsentr uchbovoi literatury, 2010.
Fedosov, V., Oparin, V., and Lyovochkin, S. Finansova restrukturyzatsiia v Ukraini: problemy i napriamy [Financial Restructuring in Ukraine: problems and trends]. Kyiv: KNEU, 2002.
Tsimmermann, Kh. Munitsipalnye finansy [Municipal finance]. Moscow: Delo i Servis, 2003.
Shyshko, O. V. “Vdoskonalennia systemy finansovoho vyrivniuvannia v Ukraini“ [Improving the system of financial equalization in Ukraine]. avtoref. dys. ... kand. ekon. nauk: 08. 00. 08, 2009.
Blochliger, H., and Rabesona, J. “The fiscal autonomy of sub-central governments: an update“OECD Network on Fiscal Relations Across Levels of Government, no. 9 (2009): 20-.
Homburg, S. “Anreizwirkungen des deutschen Finanzausgleichs“Finanzarchiv vol. 51 (1994): 312-330.
Steinherr, M. “Das Schluesselzuweisungssystem im kommunalen Finanzausgleich des Freistaates Sachsen“Ifo-Studien zur Finanzpolitik vol. 63 (1997): 93-.
Zimmermann, H., and Henke, K. -D. Finanzwissenschaft. Eine Einfuhrung in die Lehre von der offentlichen FinanzwirtschaftMunchen, 1994.

Section: Finance and banking
UDC 336.71
Goykhman M. I.
Diagnostic approaches to analysis of the problem situation of unprofitableness of the banking system (p. 331 - 340)
The article contains diagnostics of unprofitableness of the banking system of Ukraine with application of an approach to analysis and assessment of influence of individual bank groups by classification of the National Bank of Ukraine on its unprofitableness and profitableness. The article describes a diagnostic approach to analysis of the problem situation of unprofitableness of the banking system. It illustrates the use of the developed tools when conducting diagnostics of the problem situations of activity of the banking system. It forecasts values of the “net loss” and “net profit” indicators of the domestic banks and identifies a big range of change of the forecast value of the “net loss” indicator and low range of change of the forecast value of the “net profit” indicator as of 2013 for the banking system of Ukraine. This testifies to a problem situation of unprofitableness of activity of domestic banks by various groups by classification of the National Bank of Ukraine, which has to be diagnosed, analysed and assessed on behalf of the regulator of the banking activity. The article shows that activity of the banking sector of Ukraine in 2010 – 2012 was not stable. In spite of the fact that the general volume of own capital, assets and liabilities was increased and the size of losses was reduced, there are significant jumps in the rates of development of both bank groups and the whole banking system.
Keywords: banking system, unprofitableness of the banking system, profitableness of the banking system, bank groups, diagnostics of problem situations
Fig.: 6. Tabl.: 7. Formulae: 2. Bibl.: 11.

Goykhman Mykhail I. – Candidate of Sciences (Engineering), Associate Professor, Applicant, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: goykhman_m@mail.ru

Reference to this article:
Goykhman, Mykhail I. (2013) “Diagnostic approaches to analysis of the problem situation of unprofitableness of the banking system.” The Problems of Economy 4:331–340.

List of references in article

Bahratian, H., and Kravchenko, Y. “Kryzys y rehulyrovanyia fynansovoi systemy: uroky y perspektyvy“ [Crisis and financial regulatory system: Lessons and Perspectives]. Visnyk Natsionalnoho banku Ukrainy, no. 11 (2009): 19-23.
Vovk, V., and Dmytryk, Yu. “Diahnostuvannia kryzy z boku tsentralnykh bankiv: zarubizhnyi ta vitchyznianyi dosvid“ [Diagnosing the crisis by central banks: foreign and domestic experience]. Visnyk Natsionalnoho banku Ukrainy, no. 3 (2013): 20-25.
Zhytnyi, P. IE., Shapovalova, S. M., and Karamysheva, H. M. “Svitova praktyka stres-testuvannia u bankakh Ukrainy“ [World practice of stress testing in banks of Ukraine]. Visnyk UABS NBU, no. 1 (30) (2011): 67-72.
Kovalenko, V. V., and Korenieva, O. H. “Opredelenye faktorov, vyzyvaiushchykh voznyknovenye systemnykh bankovskykh kryzysov y metody ykh dyahnostyky“ [Identify the factors that cause the occurrence of systemic banking crises and methods of diagnosis]. Byznes Inform, no. 9 (2006): 24-26.
Patsera, M. “Myrovoi fynansovyi kryzys y eho posledstvyia dlia bankovskoi systemy Ukrayny“ [The global financial crisis and its impact on the banking system of Ukraine]. Visnyk NBU, no. 11 (2009): 28-33.
Pashkovskaia, I. V. “Stress-testirovanie kak metod obespecheniia ustoychivosti bankovskoy deiatelnosti“ [Stress testing as a method to ensure the stability of the banking activity]. Bankovskie uslugi, no. 4 (2004): 4-26.
Pshyk, B. I. “Derzhavne rehuliuvannia finansovo-kredytnoi diialnosti: modeli, pryntsypy, napriamy vdoskonalennia“ [State regulation of the financial and credit activities: models, principles, areas of improvement]. http://fkd.org.ua/pdf/2009_2/R4/1.pdf
Samolov, E. “Stress-testirovanie platezhnoy pozitsii banka“ [Stress testing of payment position of the bank]. Bankovskiy menedzhment, no. 1 (2006): 27-31.
Stepanenko, O. “Doslidzhennia dynamiky rozvytku bankivskoi systemy : stsenarnyi pidkhid“ [The study of the dynamics of the banking system: the scenario approach]. Ekonomichnyi analiz vol. 2, no. 9 (2011): 380-384.
“Struktura aktyviv, zobov’iazan, vlasnoho kapitalu, finansovykh rezultativ diialnosti bankiv Ukrainy“ [Structure of assets, liabilities, equity and financial performance of banks in Ukraine]. http:www.bank.gov.ua
Tavasiev, A. M. “Spetsialnye antikrizisnye mery v mekhanizmakh bankovskogo upravleniia“ [Special anti-crisis measures in the mechanisms of bank management]. Bankovskoe delo, no. 4 (2006): 13-20.

Section: Finance and banking
UDC 336.71
Melnychenko O. V.
Audit of bank’s information security when working with electronic money (p. 341 - 347)
The article is devoted to the audit of the bank’s information security when working with electronic money. The author considers main requirements and principles of conducting audit, identifies main directions of the audit, in particular, organisational-technical and legal provision of banks for prevention of violation of integrity, accessibility, confidentiality and observance of information systems, which ensure functioning of the electronic money systems. Moreover, the article pays attention to social engineering and focuses on the necessity to conduct audit of training of bank specialists that deal with electronic money operations and users (owners) of electronic money.
Keywords: electronic money, audit, information security, banks, attacks, social engineering
Bibl.: 24.

Melnychenko Oleksandr V. – Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Zhytomyr State Technological University (103 Chudnivska Str., Zhytomyr, 10005, Ukraine)
Email: amelnitschenko@yahoo.de

Reference to this article:
Melnychenko, Oleksandr V. (2013) “Audit of bank’s information security when working with electronic money.” The Problems of Economy 4:341–347.

List of references in article

“V Ukraine rastet finansovaia kiberprestupnost“ [In Ukraine, the growing financial cybercrime]. http://www.capital.ua/publication/10487-v-ukraine-rastet-finansovaya-kiberprestupnost-chtoby-zaschitit-dannye-tolko-v-etom-godu-banki-potratili-3-mln-grn
Buriachok, V. L., Korchenko, O. H., and Buriachok, L. V. “Sotsialna inzheneriia iak metod rozvidky informatsiino-telekomunikatsiinykh system“ [Social engineering as a method of intelligence information and telecommunication systems]. Zakhyst informatsii, no. 4 (2012): 5-12.
Busel, V. T. Velykyi tlumachnyi slovnyk suchasnoi ukrainskoi movy. [Great Dictionary of the modern Ukrainian language]. K.; Irpin: Perun, 2007.
Galitskiy, A. V., Riabko, S. D., and Shangan, V. F. Zashchita informatsii v seti – analiz tekhnologiy i sintez resheniy [Protection of information in networks - analysis and synthesis technology solutions]. Moscow: DMK Press, 2004.
Yepifanov, A. O., Plastun, O. L., and Dombrovskyi, V. S. Finansova bezpeka pidpryiemstv i bankivskykh ustanov [Financial security companies and banking institutions]. Sumy: UABS NBU, 2009.
Kriukov, O. I. “Informatsiina bezpeka derzhavy v umovakh hlobalizatsii“ [Information security in the context of globalization]. http://www.kbuapa.kharkov.ua/e-book/db/2007-2/doc/1/10.pdf
Melnychenko, O. “Analiz stanu vykorystannia suchasnykh platizhnykh zasobiv u konteksti vyvedennia hotivkovykh koshtiv z poza bankivskoho obihu v Ukraini“ [Analysis of the use of modern means of payment in the context of the withdrawal of cash from circulation outside banks in Ukraine]. Visnyk Natsionalnoho banku Ukrainy, no. 1 (2013): 26-32.
Melnychenko, O. V. “Teoretychni zasady elektronnykh hroshei“ [The theoretical basis of electronic money]. Biznes Inform, no. 8 (2013): 284-290.
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Miasishchev, O. A., and Dzhulii, A. V. “Napriamky vyrishennia problem zakhystu informatsii v merezhakh“ [Towards solving the problems of information security in networks]. Visnyk Khmelnytskoho natsionalnoho Universytetu. Tekhnichni nauky, no. 4 (2009): 107-112.
“Na kriuchke u khakerov“ [Hooked on hackers]. http:www.depo.ua/ru/delovaja-stolica/2013_ds/fevral_ds2013/8-614/99411.htm
“Obsiah elektronnykh hroshei v Ukraini vyris na 42%“ [The amount of electronic money in Ukraine increased by 42%]. http:www.epravda.com.ua/news/2013/05/29/377302/
Oleksiuk, O. S., and Mostipaka, O. V. “Elektronni hroshi ta ikh rozvytok“ [Electronic money and its development]. Innovatsiina ekonomika, no. 17 (2010): 217-223.
Ostroukhov, V., and Petryk, V. “Do problemy zabezpechennia informatsiinoi bezpeky Ukrainy“ [On the problem of information security of Ukraine]. Politychnyi menedzhment, no. 4 (2008): 135-141.
Petryk, V. “Sutnist informatsiinoi bezpeky derzhavy, suspilstva ta osoby“ [The essence of information security, society and the individual]. http:www.justinian.com.ua/article.php?id=3222
[Legal Act of Ukraine]. http://zakon1.rada.gov.ua/laws/show/74/98-%D0%B2%D1%80
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[Legal Act of Ukraine]. http:zakon.rada.gov.ua/go/537-16
“Systema elektronnykh platezhiv Natsionalnoho banku Ukrainy za stanom na 1 zhovtnia 2013 roku“ [EFT National Bank of Ukraine as of October 1, 2013]. http:www.bank.gov.ua/control/uk/publish/article?art_id=53861&cat_id=78675
[Legal Act of Ukraine] (2010).
Trubin, I. O., and Bodiuk, A. V. “Elektronni hroshi: sut ta osoblyvosti“ [Electronic money : the nature and characteristics]. Formuvannia rynkovykh vidnosyn v Ukraini, no. 9 (2006): 33-36.
Trubin, I. O. “Pravovi zasady funktsionuvannia systemy elektronnykh platezhiv u sferi elektronnoi komertsii“ [Legal basis of the functioning of the electronic payment system in e -commerce]. avtoref. dys. … kandydata iur. nauk : 12.00. 07, 2012.
Trubin, I. O. “Teoretychni aspekty harantuvannia informatsiinoi bezpeky v protsesi funktsionuvannia system elektronnykh hroshei“ [Theoretical aspects of ensuring information security in the operation of electronic money]. Pravo ta upravlinnia. Elektronne naukove vydannia, no. 3 (2011).
“DoS-ataka“ [DoS-attack]. http://uk.wikipedia.org/wiki/DoS-%D0%B0%D1%82%D0%B0%D0%BA%D0%B0

Section: Finance and banking
UDC 336.71
Pogorelenko N. P.
Approaches to formation of the mechanism of managing the bank’s economic capital (p. 348 - 355)
The goal of the article lies in development of theoretical and methodological grounds of formation and use of the mechanism of managing economic capital of the bank, based on application of procedures of dynamic modelling of movement of financial resources. The article shows that the main task of operation of such a mechanism should become development of principles of formation and reference points of use of banking resources and ensuring their observance. The article provides proposals on formation of the mechanism of managing the bank’s economic capital, the basis of which is the dynamic model of flows of banking resources. It is reduced to identification of desired trajectories of resulting indicators, which are offered to be considered as its leverages. The prospect of further scientific studies is interconnection of the said leverages with specific methods of impact on them. This requires not only development of “leverages – methods” correlation, but also accounting of parameters of necessary provision and establishment of dependence of selection of the method on the scenario of change of the level of a specific indicator (leverage).
Keywords: bank, capital, mechanism of management, model, indicators
Fig.: 6. Tabl.: 2. Bibl.: 12.

Pogorelenko Nataliya P. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Banking, Kharkiv Educational and Scientific Institute of the SHEI «Banking University» (55 Peremohy Ave., Kharkіv, 61174, Ukraine)
Email: pogorelenko@inbox.ru

Reference to this article:
Pogorelenko, Nataliya P. (2013) “Approaches to formation of the mechanism of managing the bank’s economic capital.” The Problems of Economy 4:348–355.

List of references in article

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Section: Finance and banking
UDC 336.13.051
Portna O. V.
Classification of the aggregate financial potential of a country (p. 356 - 360)
The goal of the article is an all-sided demonstration of specific features of the aggregate financial potential of the country through identification of features, which reveal its essence, functions, role and place in economy to the biggest extent, which is possible to do by means of allocation of its classification features. Analysing scientific works of many scientists, the article considers various approaches to classification of the financial potential. In the result of the study the article identifies the vector of theoretical grounds and dominating logic of classification of the aggregate financial potential of a country. It shows that the essential basis of classification of the aggregate financial potential of a country are its specific features and functions, which it performs in the country’s economy. The article offers the author’s position on differentiation of classification features of the aggregate financial potential of a country on the basis of its specific features and functions. The prospect of further studies in this direction is development of such scientific directions as formation and functioning of the aggregate financial potential of a country with consideration of the provided classification and further use of the classification for justifying managerial decisions on the basis of the results of the study.
Keywords: financial potential, aggregate financial potential of a country, classification features
Bibl.: 8.

Portna Oksana V. – Doctor of Sciences (Economics), Professor, Professor, Department of Management and Administration, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: o.v.portna@gmail.com

Reference to this article:
Portna, Oksana V. (2013) “Classification of the aggregate financial potential of a country.” The Problems of Economy 4:356–360.

List of references in article

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Section: Finance and banking
UDC 005.334:336.71
Rats O. M.
Integral assessment of efficiency of anti-crisis bank management (p. 361 - 367)
The goal of the article lies in justification and development of the methodical approach to assessment of efficiency of anti-crisis bank management. In order to increase the quality of measuring efficiency of anti-crisis actions of the bank on the basis of the theoretical analysis, the article identifies more essential local characteristics of assessment of efficiency of anti-crisis actions, consisting of indicators of financial sustainability, business activity, liquidity and efficiency of bank management. In order to build the generalising indicator of assessment of efficiency of anti-crisis bank management the article identifies requirements, by which the model of assessment of efficiency of anti-crisis bank management is formed on the basis of use of the method of taxonomic indicator of development. The article establishes succession of stages of building and calculation of the integral taxonomic indicator of assessment of efficiency of anti-crisis bank management. The article uses the proposed methodical approach to identify the integral taxonomic indicator of assessment of efficiency of anti-crisis management of Public JSC Ukrsotsbank. The prospect of further studies in this direction is taking into account the quality particular characteristics, which would give a possibility of accounting the level of various types of bank risk: interest, exchange, currency, etc., in the integral assessment of efficiency of anti-crisis management by the bank.
Keywords: anti-crisis bank management, assessment of efficiency, generalising indicator, particular assessments of efficiency of anti-crisis bank management, integral taxonomic indicator of assessment of efficiency of anti-crisis bank management
Fig.: 1. Tabl.: 4. Formulae: 5. Bibl.: 9.

Rats Olha M. – Candidate of Sciences (Economics), Associate Professor, Department of Banking, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: olrats@ukr.net

Reference to this article:
Rats, Olha M. (2013) “Integral assessment of efficiency of anti-crisis bank management.” The Problems of Economy 4:361–367.

List of references in article

Bas, M. A. “Antykryzove upravlinnia bankivskymy ustanovamy: teoretychnyi aspekt“ [Crisis management by banking institutions : theoretical aspect]. Rehionalna ekonomika, no. 5 (2011): 111-115.
Bondarenko, A. F., and Dubovyk, S. V. “Antykryzovyi marketynh iak skladova stratehichnoho upravlinnia bankom“ [Crisis marketing as part of the strategic management of the bank]. Rehionalna ekonomika, no. 11 (2010): 68-73.
Vasiurenko, O. V. Upravlinnia diialnistiu banku: metodolohiia i praktyka [Management of the bank: methodology and practice]. Sumy: UBS NBU, 2008.
Kovalenko, V. V., and Krukhmal, O. V. Antykryzove upravlinnia v zabezpechenni finansovoi stiikosti bankivskoi systemy [Crisis management in ensuring the financial stability of the banking system]. Sumy: UABS NBU, 2008.
Perekhrest, L. M. “Teoretychni pidkhody do antykryzovoho upravlinnia bankom v umovakh finansovoi nestabilnosti“ [Theoretical approaches to crisis management bank in terms of financial instability]. Stalyi rozvytok ekonomiky, no. 5 (2009): 89-95.
Prymostka, L. O. Bankivski ryzyky: teoriia ta praktyka upravlinnia [Banking risk : theory and practice of management]. Kyiv: KNEU, 2008.
Smovzhenko, T. S., and Trydid, O. M. Antykryzove upravlinnia stratehichnym rozvytkom banku [Crisis management \'s strategic growth plans]. Kyiv: UBS NBU, 2008.
Ponomarenko, V. S., and Maliarets, L. M. Analiz danykh u doslidzhenniakh sotsialno-ekonomichnykh system [The analysis of data in studies of socio- economic systems]. Kharkiv: INZhEK, 2009.
“Dani finansovoi zvitnosti PAT «Ukrsotsbank»“ [These financial statements of PJSC \"Ukrsotsbank\"]. http://www.unicredit.ua

Section: Social economy, policy and demography
UDC 330.342.146
Yasynska N. A.
Converted forms of socio-economic relations: modern practical requirements (p. 368 - 374)
The goal of the article is statement of results of the study on comprehension of a specific aspect of the converted forms doctrine in the context of modern development of socio-economic relations in Ukraine with consideration of globalisation requirements. In the result of the study the article marks out and justifies existence of new converted forms of categories, which characterise modern socio-economic relations in Ukraine under conditions of globalisation. Using international and national statistical data, the article proves increase of significance of new converted forms, such as corporate social responsibility; an economically active market subject; competition for access to finance, cheap and long-term loan and also money and capital (from financial operations and formation of debt liabilities). This issue is multi-structured, problematic and not completely solved. Relation and ideological opinion of the leaders of the country to development of the economic system under conditions of globalisation and needs of international structures with respect to socio-economic development of the country (level and conditions of access to international financial resources as a source of reform financing) are of specific importance. A special attention would be paid to this when conducting further studies.
Keywords: converted form, economic theory, globalisation, rating, household, economically active subject, corporate social responsibility
Fig.: 1. Tabl.: 2. Bibl.: 9.

Yasynska Nadiіa A. – Doctor of Sciences (Economics), Associate Professor, Head of the Department, Department of Finance, Banking and Insurance, Mykolaiv National University Sukhomlynskiy (24 Nіkolska Str., Mykolaiv, 54030, Ukraine)
Email: nad_dsum@ukr.net

Reference to this article:
Yasynska, Nadiіa A. (2013) “Converted forms of socio-economic relations: modern practical requirements.” The Problems of Economy 4:368–374.

List of references in article

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Mamardashvili, M. K. Prevrashchennye formy. (O neobkhodimosti irratsionalnykh vyrazheniy) [Transformed forms (On the necessity of irrational expressions)]. Moscow: Progress, 1999.
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Section: Economic statistics. Accounting and Auditing
UDC 338.24 : 657.47
Ostapenko T. M.
Information provision of costs controlling (p. 375 - 383)
The article studies various views on the controlling notion, its informational function and goal. Based on the approaches to understanding controlling that exist among scientists, the article presents the author’s understanding of it as a system that ensures co-ordination of information subsystems, transforms information into the one that is useful for making decisions, ensures information support of management; system, which focuses on optimal use of information as a resource. The article forms the author’s generalisation of the information function of controlling, its goals and tasks, containing orientation at information servicing of making and executing managerial decisions. The article presents classification of requirements (characteristics) of information of costs controlling. It provides the information base of expenditures accounting. It gives the author’s understanding of the goal of costs controlling; the goal of formation of controlling information about expenditures; and information about costs controlling. The article generalises elements of information provision of the enterprise costs controlling.
Keywords: information, information base, information provision, expenditures, costs controlling, internal indicators
Fig.: 3. Tabl.: 2. Bibl.: 37.

Ostapenko Tetyana M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Poltava State Agrarian Academy (1/3 Skovorody Str., Poltava, 36003, Ukraine)
Email: ostapenko13@ukr.net

Reference to this article:
Ostapenko, Tetyana M. (2013) “Information provision of costs controlling.” The Problems of Economy 4:375–383.

List of references in article

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Section: Mathematical methods and models in economy
UDC 004.82:336.76
Kovalchuk K. F., Nykytenko O. K.
Improvement of the method of forecasting financial indicators with consideration of the rules of the Elliott wave principle (p. 384 - 391)
The article improves the model of forecasting financial indicators with consideration of the rules of the Elliott wave principle. It justifies the use of the common scale of qualitative terms for describing the knowledge matrix. It offers a mathematical mechanism for assessment of characteristics of consistency and fullness of knowledge through introduction of support of decision making not one but several fuzzy logical statements with various operations of conjunction and disjunction and also application of voting for identifying the most probable answer about the further market movement. The article offers to use a check on correspondence with “clear” rules for reduction of influence of incorrect templates in the process of model adjustment upon the educating sampling. It offers to use the model exclusively for short-term forecasting.
Keywords: knowledge, knowledge mining, wave, fullness, consistency
Fig.: 4. Tabl.: 4. Formulae: 7. Bibl.: 8.

Kovalchuk Kostyantyn F. – Doctor of Sciences (Economics), Professor, Dean, Faculty of Economics and Management, The National Metallurgical Academy of Ukraine (4 Haharіna Ave., Dnіpropetrovsk, 49600, Ukraine)
Nykytenko Oleksiy K. – Postgraduate Student, Department of Economic Informatics, The National Metallurgical Academy of Ukraine (4 Haharіna Ave., Dnіpropetrovsk, 49600, Ukraine)
Email: richok@ua.fm

Reference to this article:
Kovalchuk, Kostyantyn F., and Nykytenko, Oleksiy K. (2013) “Improvement of the method of forecasting financial indicators with consideration of the rules of the Elliott wave principle.” The Problems of Economy 4:384–391.

List of references in article

Matviichuk, A. V. Shtuchnyi intelekt v ekonomitsi : neironni merezhi, nechitka lohika [Artificial intelligence in economics: neural networks, fuzzy logic]. Kyiv: KNEU, 2011.
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Peters, E. Khaos i poriadok na rynkakh kapitala. Novyy analiticheskiy vzgliad na tsikly, tseny i izmenchivost rynka [Chaos and order in the capital markets. New analytical view of cycles, prices and market volatility]. Moscow: Mir, 2000.
Frost, A. J., and Prechter, R. R. The Elliott Wave Principle : Key To Market Behavior, 2005.
Martiniuk, R. “Realizatsiia avtomaticheskogo analiza voln Elliotta na MQL“ [Implementation of automatic analysis of Elliott Wave on MQL]. http://www.mql5.com/ru/articles/260
Kovalchuk, K. F. Intellektualnaia podderzhka priniatiia ekonomicheskikh resheniy [Intellectual support of economic decision-making]. Donetsk: IEP NANU, 1996.

Section: Mathematical methods and models in economy
UDC 330.43
Malуarets L. M., Senkevych B. V., Zhukov A. V.
Multi-criterial optimisation task of managing efficiency of production and economic activity of an enterprise (p. 392 - 400)
The article develops a multi-criterial optimisation task of managing efficiency of production and economic activity of an industrial enterprise. It justifies specification of the model of managing efficiency of production and economic activity of an industrial enterprise. In order to compose functions of a goal and partial criteria, it recommends to structure efficiency of production and economic activity of an enterprise by three components: efficiency of subsystems of production and economic activity, efficiency of use of individual types of resources and socio-economic efficiency, each of which is determined with an individual scorecard. The function of the goal and partial criteria should be developed with the use of methods of multi-dimensional statistical analysis: canonical analysis and factor analysis. The article offers to form the system of restrictions in a multi-criterial optimisation task of managing efficiency of production and economic activity of an industrial enterprise with the use of instruments of descriptive statistics. The article provides a solution of the multi-criterial optimisation task of managing efficiency of production and economic activity of an industrial enterprise.
Keywords: multi-criterial optimisation task, efficiency of production and economic activity of an industrial enterprise, partial criteria, efficiency components, methods of multi-dimensional statistical analysis, instruments of descriptive statistics
Formulae: 82. Bibl.: 11.

Malуarets Lyudmyla M. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economic and Mathematical Modeling, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: malyarets@ukr.net
Senkevych Borys V. – Candidate of Sciences (Physics and Mathematics), Associate Professor, Department of Higher Mathematics and Economics and Mathematical Methods, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Zhukov Andrіy V. – Postgraduate Student, Department of Higher Mathematics and Economics and Mathematical Methods, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: okydoky87@list.ru

Reference to this article:
Malуarets, Lyudmyla M., Senkevych, Borys V., and Zhukov, Andrіy V. (2013) “Multi-criterial optimisation task of managing efficiency of production and economic activity of an enterprise.” The Problems of Economy 4:392–400.

List of references in article

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Ponomarenko, V. S., and Maliarets, L. M. Analiz danykh u doslidzhenniakh sotsialno-ekonomichnykh system [The analysis of data in studies of socio-economic systems]. Kharkiv: INZhEK, 2009.
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Section: Mathematical methods and models in economy
UDC 336.02
Savchenko K. V.
Scientific and methodical approach to identifying lags of the stabilisation financial policy (p. 401 - 408)
The article studies the problem of identifying lags when applying instruments of stabilisation financial policy of the state. The author justifies a scientific and methodical approach to this identification. It offers a selection of instruments of money-loan and budget-tax policies, which exert the biggest influence upon the general indicator of the state of economy. These instruments are as follows: average weighted rate by all instruments (average quarterly value); refinancing of banks by the National Bank of Ukraine, including direct repurchase agreement transactions; NBU interventions in the currency market of Ukraine (balance); aggregate tax rate; time for taxes payment; state purchases (total amount – factual expenditures – during the reporting period by concluded agreements on purchase of goods, works and services); and subsidies for production and import. The conducted analysis of dependencies between the integral assessment of the financial policy and the said instruments shows that lags of the monetary instruments of the policy are shorter than fiscal ones. The obtained results allow variation of application of stabilising instruments depending on duration of relevant lags, which would allow application of development of long-term political decisions, development of justified plans of economic development and ensuring their execution.
Keywords: stabilisation policy, financial policy, lag, monetary instruments, fiscal instruments
Tabl.: 6. Bibl.: 9.

Savchenko Kostyantyn V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of State and Local Finance, Academy of Municipal Management (33 Ivana Kudrі Str., Kyiv, 01042, Ukraine)
Email: skv80@bk.ru

Reference to this article:
Savchenko, Kostyantyn V. (2013) “Scientific and methodical approach to identifying lags of the stabilisation financial policy.” The Problems of Economy 4:401–408.

List of references in article

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“Euro Area Policies: 2011 Article IV Consultation – Lessons from the European Financial Stability Framework Exercise; and Selected Issues Paper“ http://www.imf.org/external/pubs/ft/scr/2011/cr11186.pdf

Section: Mathematical methods and models in economy
UDC 51-77
Khayluk S. A.
Method of complex assessment of efficiency of the banking system (p. 409 - 414)
The goal of the article lies in justification of the method of assessment and analysis of dynamics of change of efficiency of the banking system of a country for a certain period. In the result of analysis, systematisation and generalisation of scientific works of many scientists, the article offers definition of the “efficiency of the banking system” notion. In the result of the study the article specifies criteria of efficiency of functioning of the banking system. It offers and describes, using an example, a complex multi-criterial model of assessment of efficiency of functioning of the banking system, based on the Bayesian approach, which would allow assessment of the latter from the point of view of ability to perform the set functions and achieve certain goals. Using the Bayesian analysis allows obtaining numerical characteristics of efficiency unlike the traditional methods, which provide a descriptive characteristic only. The prospect of further studies in this direction is further development of the proposed model with the aim of its use for a comparative analysis of efficiency of functioning of banking systems of a number of countries at a certain moment of time. The use of the results of modelling would allow optimisation of the structure and increase of efficiency of activity of the banking system.
Keywords: efficiency, banking system, model, Bayesian approach
Fig.: 3. Formulae: 5. Bibl.: 8.

Khayluk Svetlana A. – Candidate of Sciences (Economics), Associate Professor, Head of the Department, Department of Economic Cybernetics, Sevastopol Institute of Banking of the Ukrainian Academy of Banking of National Bank of Ukraine (6 Parkova Str., Sevastopol, 99057, Ukraine)
Email: khay@ukr.net

Reference to this article:
Khayluk, Svetlana A. (2013) “Method of complex assessment of efficiency of the banking system.” The Problems of Economy 4:409–414.

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