THE PROBLEMS OF ECONOMY №1-2015

The title and content

ABSTRACTS AND INFORMATION ABOUT AUTHORS

Section: World economy and international relations
UDC 338.23
Antonenko S. V., Yaldin I. V., Kochetygova T. V.
State Support of the Metallurgical Industry in Developed and Developing Countries (p. 7 - 15)
The aim of the article is to analyze the experience of developed and developing countries in terms of support of the metallurgical industry with a view to assessment of the possibility of applying it for improvement of the state regulation of the development of the Ukrainian metallurgical industry. The undertaken study allowed singling out primary scenarios for economic stimulation of the development of the metallurgical industry in different world countries. It was established that implementation of corresponding scenarios can be achieved by employing different means and tools. The authors also found that development and implementation of individual state regulation means are carried out in accordance with the objective and principles set out in the policy documents of the national and supranational levels. The authors considered the key strategic reference points for the development of the metallurgical industry in the countries with the world’s greatest volumes of steel production. The study allowed determining stimulation of the internal demand for the metallurgical products as the most reasonable for application in the domestic practice of state support of the metallurgical industry.
Keywords: state support, metallurgical industry, state support of metallurgy, state support means
Fig.: 4. Tabl.: 2. Bibl.: 18.

Antonenko Serhii V. – Candidate of Sciences (Economics), Research Associate, Department of Economic Problems of Mechanical Engineering, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: nosikk@ukr.net
Yaldin Igor V. – Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Kochetygova Tatyana V. – Postgraduate Student, Department of Finance and Credit, Kharkiv National University of Civil Engineering and Architecture (40 Sumska Str., Kharkіv, 61002, Ukraine)

Reference to this article:
Antonenko, Serhii V., Yaldin, Igor V., and Kochetygova, Tatyana V. (2015) “State Support of the Metallurgical Industry in Developed and Developing Countries.” The Problems of Economy 1:7–15.

List of references in article

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“Treaty establishing the European Coal and Steel Community, ECSC Treaty“ http://europa.eu/legislation_summaries/institutional_affairs/treaties/treaties_ecsc_en.htm
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“Action Plan for a competitive and sustainable steel industry in Europe of 11 June 2013 (COM (2013) 407)“ http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52013DC0407
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Kakodey, A. A. “Gosudarstvennaia podderzhka predpriiatiy GMK“ [State support for mining companies]. http://eir.pstu.edu/bitstream/handle/123456789/898/unprotected-31.pdf?sequence=1
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Shimkovich, V. “Minimizatsiia poter“ [Minimization of losses]. Ukrrudprom. http://ukrrudprom.com/analytics/8751248787789541.html?print
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“Kitay opublikoval plan razvitiia chernoy metallurgii do 2020 g. “ [China published a plan for development of the steel industry until 2020]. http://www.metalinfo.ru/ru/news/14058
Sokolov, M. “Kitayskoe metallurgicheskoe chudo: kogda pravitelstvo rabotaet effektivno“ [China Metallurgical wonder when the government is working effectively]. Minprom. http://www.infogeo.ru/metalls/review/?act=show&rev=251
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“Turtsiia: proizvoditeli stali rasshiriaiut vypusk“ [Turkey: steel producers are expanding collection]. http://ukrmet.dp.ua/2014/10/27/turciya-proizvoditeli-stali-rasshiryayut-vypusk.html

Section: World economy and international relations
UDC 336
GrischenkoTetyana V., Anzina H. V.
The Effect of Financialization of the Economy on Functioning of the Frontier Capital Markets (p. 16 - 21)
The article deals with the questions of financialization as a global trend in the development of the world economy which is characterized be the dominance of the financial sector in the processes of market pricing. Considering the fact that the financial system is a key element in any economy, financialization has its effect on the economy of each country. Such characteristics of the development of the Ukrainian economy as low liquidity and capitalization of the financial market, a high systemic risk level, a relative closedness of the market for foreign investors result in classification of the Ukrainian market as a frontier one (in accordance with the MSCI index proposed by the rating agency Standard&Poor’s). The study singles out the specific features of the effect produced by financialization on the economy of Ukraine and, consequently, economic agents within the country. The authors proved that the process of financialization of the world economy has a certain positive influence on countries with frontier capital markets in terms of emergence of new opportunities for their participation in the international capital market, utilization of modern financing tools, enrichment of the global experience of corporate management, etc.
Keywords: financialization, frontier capital markets, liquidity, capitalization, financial liberalization, globalization processes
Fig.: 2. Tabl.: 2. Bibl.: 10.

GrischenkoTetyana V. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: optim_15@bigmir.net
Anzina Hanna V. – Postgraduate Student, Department of Finance, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: anna.anzina@gmail.com

Reference to this article:
GrischenkoTetyana, V., and Anzina, Hanna V. (2015) “The Effect of Financialization of the Economy on Functioning of the Frontier Capital Markets.” The Problems of Economy 1:16–21.

List of references in article

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Medvedkina, Ye. O. “Imperatyvy rozvytku svitovoi finansovoi systemy v umovakh hlobalnoi transformatsiinoi nevyznachenosti“ [Imperatives of the global financial system in the global transformation of uncertainty]. avtoref. dys. ... dokt. ekon. nauk : 08.00. 02, 2014.
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Section: World economy and international relations
UDC 339.924
Dalevska N. M.
Institutionalization of Interests of Actors in International Relations Based on Strategic Partnership Principles (p. 22 - 26)
The article aims to study theoretical and methodological issues of institutionalization of interests of actors in international relations based on strategic partnership principles, to identify characteristic aspects of formation of a system of regulatory, structural, and constitutive regulators that have their effect on formation of goals and interests of actors in international relations, to discuss the characteristics of formation of the current global order. The article analyzes the interaction of the interests of actors in international relations within the world politico-economic space. Application of the institutional analysis method allowed studying the directions for the functional transformation of the international strategy of economic development of the world economic management system. The author substantiated the necessity of identification of interests of actors in international relations in accordance with the international conduct norms. The article also offers an interpretation for the term “institutionalization of interests of actors in international relations”. Also, the author developed initial positions of interests of actors in international relations in accordance with the strategic partnership principles. The study concludes that that foundation of the institutional environment of the world economy is formed by a system of regulatory, structural, and constitutive regulators having their effect on the formation of goals and interests of actors in international relations and corresponding mechanisms, whose determination results from selection of the strategic partnership terms within the world politico-economic space.
Keywords: actors in international relations, institutionalization, interests, strategic partnership, world economic development
Tabl.: 1. Bibl.: 24.

Dalevska Nataliya M. – Candidate of Sciences (Economics), Associate Professor, Department of Economics and Public Administration, Donetsk National Technical University (2 Shybankova Square, Pokrovsk, Donetsk region, 85300, Ukraine)
Email: dalevskaya_n.a@mail.ru

Reference to this article:
Dalevska, Nataliya M. (2015) “Institutionalization of Interests of Actors in International Relations Based on Strategic Partnership Principles.” The Problems of Economy 1:22–26.

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Section: World economy and international relations
UDC 339.92
Makhaniova Y. M.
Export of Grain Crops of Ukraine, the EU, and Countries of the World in the Context of Modern Integration Processes (p. 27 - 36)
The article deals with the relevant question of studying the interconnection of export of agricultural products of Ukraine, the EU, and countries of the world using the example of grain crops, as well as the question of evaluating the efficiency of Ukraine’s export of grain crops to the European and world markets within the context of creation of the zone of free trade with the EU. The study proves that Ukraine plays a significant role in the world grain crops market: its share in wheat export makes on average 5%; 18% in barley export; 9% in the world export of corn; simultaneously, Ukraine’s share in the volume of wheat exported to the EU makes 32%, 45% in barley export; 48% in corn export. The work studied Ukraine’s correlation relationships with the EU and countries of the world with respect to wheat, barley, and corn by crop acreage, export and import rates, which yielded high crop acreage and export values, whereas the efficiency of wheat and corn cultivation in Ukraine is somewhat lower than in the EU. The regression analysis held in this study allowed establishing the existence of a positive trend in wheat cultivation – the export level is higher that the import level, yet wheat cultivation efficiency per hectare of land is lower than the world level; the efficiency of barley cultivation per hectare of land is lower than the world level, yet positive trends are observed for the export; corn cultivation efficiency per hectare of land is sufficiently high, which suggests that this crop is quite promising in terms of realization of the export potential. It was established that the efficiency of the Ukrainian grain crops export in comparison with the EU makes on average 47% for wheat, 22% for barley, 52% for corn, that is, the EU market is the most promising for the Ukrainian grains market, but its intensification and growth prospects require that Ukraine implement certain means and mechanisms.
Keywords: grain crops, export, integration of Ukraine, correlation, regression, export efficiency index
Fig.: 4. Tabl.: 8. Formulae: 1. Bibl.: 18.

Makhaniova Yuliia M. – Postgraduate Student, Department of International Economic Relations, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)

Reference to this article:
Makhaniova, Yuliia M. (2015) “Export of Grain Crops of Ukraine, the EU, and Countries of the World in the Context of Modern Integration Processes.” The Problems of Economy 1:27–36.

List of references in article

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Section: World economy and international relations
UDC 339.92
Tkalenko S. I., Liubachivska R. Z.
Characteristic Aspects of Formation of EU Biotechnology Clusters: Experience for Ukraine (p. 37 - 42)
The article aims to study the development of innovation clusters in the EU biotechnology sector. The study demonstrates an increase in the role of innovation clusters and characteristic aspects of formation of a new mentality of their participants with a high degree of trust in partners on the basis of new technology and knowledge. Biotechnology industry in Europe is second after the world leader – the United States having the biggest biotechnology sector of medicine and biotechnology. The authors analyzed and identified the role of leaders in formation of the cluster policy and singled out success factors for the biotechnology sector, namely: Germany, Great Britain, and France. The prospects for further research in this area consist in formation of innovation models of cluster development in Ukraine and determination of strengths in EU countries. The article describes possibilities of formation of innovation clusters in Ukraine and the development of an information sphere and legal environment to support implementation of the cluster policy.
Keywords: innovation cluster, biotechnology industry, R&D, global innovation index
Fig.: 2. Tabl.: 2. Bibl.: 16.

Tkalenko Svitlana I. – Candidate of Sciences (Economics), Associate Professor, Department of European Integration, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: sv.tkalenko@gmail.com
Liubachivska Roksoliana Z. – Masters Student, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: lyana.lubachevskaya@gmail.com

Reference to this article:
Tkalenko, Svitlana I., and Liubachivska, Roksoliana Z. (2015) “Characteristic Aspects of Formation of EU Biotechnology Clusters: Experience for Ukraine.” The Problems of Economy 1:37–42.

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Section: Economics and national economy management
UDC [330.332+330.341.1»71»(477)
Bondar-Pіdhurska O. V.
Generalization of Ideas of Economic Clusters as a Tool for Development of the Innovation Infrastructure in Ukraine (p. 43 - 48)
The article aims to generalize the ideas of economic clusters as a tool for development of the innovation infrastructure in Ukraine. The article stresses that a precondition for the growing competitiveness of the economy of the state and ensuring its sustainable socially oriented development is the development of the innovation infrastructure. The study researches cluster as a social notion in the international economic system and a tool for meeting the vital interests (VI) of the community, society, or the state. The author proposed her own interpretation of the term “cluster” as a form of integration of the innovation infrastructure grounded in the idea (national, regional) and strategy of accelerated growth aimed at satisfaction of the VI of the community, society, and the state of the current generation taking into account the future and solving relevant temporal and spatial tasks with a view to obtaining competitive advantages on the innovative basis at an optimum pace. The conducted systemic analysis of scientific information allowed singling out the inclusive characteristics of the cluster approach to formation of the innovation and investment infrastructure that enhance the effect of the socially oriented element of the innovation infrastructure of the economy alongside intensification of the innovative development and contribute to its stability during the period of the civilizational choice of the state, world financial and economic, political, and management crises.
Keywords: cluster, cluster approach, industrial cluster, innovation infrastructure, integration mechanisms, VI of the population
Fig.: 1. Bibl.: 25.

Bondar-Pіdhurska Oksana V. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Management, Poltava University of Economics and Trade (3 Ivana Banka Str., Poltava, 36003, Ukraine)
Email: Bondarpodgurskaa@gmail.com

Reference to this article:
Bondar-Pіdhurska, Oksana V. (2015) “Generalization of Ideas of Economic Clusters as a Tool for Development of the Innovation Infrastructure in Ukraine.” The Problems of Economy 1:43–48.

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Section: Economics and national economy management
UDC 338.23:658.2:669.1(477)
Buleev I. P.
Certain Aspects of Functioning of the Economy of Ukraine at the Current Stage of Its Development (p. 49 - 58)
Using the current economic concepts as a basis, this study analyzes the state of the Ukrainian economy. The study allowed singling out the primary factors that have led the economy and society to a systemic socioeconomic crisis. These include: using institutions that do not correspond to the mentality of society and the population; private capitalistic relations; oligarchic property and removal of citizens from ownership and management; weakness of the civil society and the middle class; low level of protectedness of citizens and their property; weakness of elites, etc. The article also proposes recommendations for elimination of the existing defects, ways of overcoming the economic crisis.
Keywords: economy, economic policy, institutions, vertical and horizontal integration, state and corporate structure, partnership
Fig.: 1. Tabl.: 4. Bibl.: 23.

Buleev Ivan P. – Doctor of Sciences (Economics), Professor, Chief research scientist, Department of Problem of Enterprise Economics, Institute of Industrial Economics of NAS of Ukraine (2 Mariia Kapnist Str., Kyiv, 03057, Ukraine)
Email: buleev.ivan@gmail.com

Reference to this article:
Buleev, Ivan P. (2015) “Certain Aspects of Functioning of the Economy of Ukraine at the Current Stage of Its Development.” The Problems of Economy 1:49–58.

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Section: Economics and national economy management
UDC 65.050.12
Vlasiuk T. O.
Ways of Ensuring External Economic Strength in the Agricultural Produce Market of Ukraine (p. 59 - 71)
The article assesses the status of external foreign relations in the agricultural sector and describes the regional structure of the agricultural goods turnover. It also analyzes the prospects and possibilities for the agricultural sector of Ukraine arising after signing the Ukraine-European Union Association Agreement and creation of a free trade zone as part of the Agreement. The author formulated a series of threats to the food security of the state connected with integratedness of the domestic agricultural sector in the world food supplies market. The article also proposes measures of the state agricultural policy aimed at enhanced efficiency of using the available potential of the agricultural sector of the economy, its adaptation to new circumstances, including consideration of the possible risks resulting from liberalization of the foreign trade relations with European countries.
Keywords: agriculture, food security, external economic strength
Fig.: 8. Tabl.: 2. Bibl.: 13.

Vlasiuk Taras O. – Candidate of Sciences (Economics), Head of the Department, Department of Educational and Scientific and Methodological Support, Institute senior management personnel of the National Academy of Public Administration under the President of Ukraine (12/2 Puhachova Str., Kyiv, 04050, Ukraine)
Email: vlasiukt@gmail.com

Reference to this article:
Vlasiuk, Taras O. (2015) “Ways of Ensuring External Economic Strength in the Agricultural Produce Market of Ukraine.” The Problems of Economy 1:59–71.

List of references in article

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Section: Economics and national economy management
UDC 338.23:658.2:669.1(477)
Denysov K. V., Babmindra D. I.
The Industrial Policy of Regulating the Processes of Accelerated Greening of the Industrial Activities of Iron and Steel Enterprises in Ukraine (p. 72 - 78)
The article aims to analyze the primary issues linked to the environmental aspects of industrial activities of iron and steel enterprises, to identify the priority areas and tools used for regulation of the processes of greening of the metallurgical production in Ukraine within the context of the necessity of ensuring a sustainable development of the industry. The article analyzes environmental and economic effects of the industrial activities of iron and steel enterprises in terms of pollutant emission, dumping of polluted water, as well as waste handling. The study proved that the share of the industry in the overall index of dumping of untreated water and carbon oxide emission has grown. The study concludes that there currently exists a non-rational structure of capital investment in environmental protection, where the share of current spending on maintenance of environmental facilities exceeds 50%. This substantiates the necessity of pursuing a comprehensive industrial policy combining maximum support for implementation of innovation projects and simultaneously harsher punishments imposed on industrial enterprises for violation of the environmental legislation.
Keywords: sustainable development, greening, industrial policy, iron and steel industry, environmental pollution, value added tax
Fig.: 3. Tabl.: 3. Bibl.: 30.

Denysov Kostyantyn V. – Candidate of Sciences (Economics), Lecturer, Department of International Economics and Economic Theory, Zaporizhzhya National University (66 Zhukovskoho Str., Zaporіzhzhia, 69600, Ukraine)
Email: denisovkv@ukr.net
Babmindra Dmitry I. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of International Economics and Economic Theory, Zaporizhzhya National University (66 Zhukovskoho Str., Zaporіzhzhia, 69600, Ukraine)

Reference to this article:
Denysov, Kostyantyn V., and Babmindra, Dmitry I. (2015) “The Industrial Policy of Regulating the Processes of Accelerated Greening of the Industrial Activities of Iron and Steel Enterprises in Ukraine.” The Problems of Economy 1:72–78.

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Section: Economics and national economy management
UDC 338.486.3
Yermachenko V. Y.
Conceptual Approaches to Identification of Threats to the Development of Tourism in Ukraine (p. 79 - 84)
Using the conducted expert survey as a basis, the author carried out identification, focused description, and comparative analysis of threats to the development of tourism in Ukraine It allowed establishing that the most detrimental effects on the travel services market are produced by economic threats, namely: decreased consumer purchasing power, lower employment rates, growing price index for most goods and services, unfavorable exchange rate fluctuations, as well as geopolitical threats that may have long-term and structural negative effects. The study proves that interdependence of threats is their essential property; the synergistic effect is inherent in threat materialization processes; achieving efficiency in management of the socioeconomic development of tourism requires, alongside the in-depth analysis of specific threats, synthesis of the obtained information into understanding of the travel services market as a complex system where tendencies in parameter changes are set under the influence of a wide range of destructive factors that are both internal and external with respect to the national economic system.
Keywords: tourism, travel services market, threats, economic security, tourism development management system
Fig.: 4. Formulae: 3. Bibl.: 9.

Yermachenko Volodymyr Ye. – Candidate of Sciences (Economics), Professor, Professor, Department of Tourism, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: yvy@hneu.edu.ua

Reference to this article:
Yermachenko, Volodymyr Ye. (2015) “Conceptual Approaches to Identification of Threats to the Development of Tourism in Ukraine.” The Problems of Economy 1:79–84.

List of references in article

Dekhtiar, N. A. “Tendentsii rozvytku svitovoho rynku dilovoho turyzmu“ [Trends in the global market of business tourism]. Problemy ekonomiky, no. 1 (2014): 43-51.
Dolzhikova-Polishchuk, L. V. “Dinamika i razvitiye delovogo i kongressnogo turizma v Ukraine“ [Dynamics and the development of business and congress tourism in Ukraine]. Aktualni problemy ekonomiky, no. 8 (158) (2014): 67-71.
Markina, I. A., and Makhovka, V. M. “Antykryzove upravlinnia turystychnymy orhanizatsiiamy i pidpryiemstvamy iak zasib formuvannia ikhnikh konkurentnykh perevah“ [Crisis management tourism organizations and businesses as a source of their competitive advantage]. Problemy ekonomiky, no. 2 (2014): 205-210.
Rynky turystychnykh posluh: stan i tendentsii rozvytku [Tourism market: state and development trends]. Odesa: Astroprynt, 2013.
Saukh, I. V. “Derzhavne rehuliuvannia rozvytku turyzmu: sutnist poniattia ta problemy vyznachennia“ [State regulation of tourism development: the essence of the concept and definition of the problem]. Aktualni problemy ekonomiky, no. 4 (154) (2014): 54-59.
Sysoieva, S. I. “Mekhanizmy vdoskonalennia rozvytku rehionalnoho turyzmu Ukrainy“ [Mechanisms of improvement of regional tourism Ukraine]. Teoriia ta praktyka derzhavnoho upravlinnia, no. 3 (2014): 148-153.
Tkachenko, T. I. Stalyi rozvytok turyzmu: teoriia, metodolohiia, realii biznesu [Sustainable Tourism Development: Theory, Methodology, business realities]. Kyiv: KNTEU, 2009.
Turyzm v umovakh hlobalizatsii: osoblyvosti ta perspektyvy rozvytku [Tourism in the context of globalization: features and prospects]. Kharkiv: INZhEK, 2012.
Global Risks: Insight Report 2015Geneva: World Economic Forum, 2014.

Section: Economics and national economy management
UDC 334.7:504.062.4
Karpenko I. V., Shyshova I. G.
Methodological Approaches to the Budget Financing of Projects under Conditions of Sustainable Development Based on the Principles of Public-Private Partnership (p. 85 - 91)
The aim of the article is to improve the theoretical and methodological basis of the financial provision for eco-friendly activities (projects) under the conditions of sustainable development based on public-private partnership. The article analyzes the characteristic features of the current financial and economic mechanism of the environmental policy in Ukraine. The study also substantiates the use of the public-private partnership as the most effective way of providing funding for environmental projects in regions with different levels of environmental pressure and financial capacity for self-financing its development. The authors proved the necessity of forming the state financial policy aimed at realization of eco-friendly projects based on the principles of potential ability and ecological and economic adaptability. Arguments were provided to substantiate the reasonability of taking into account the environmental risk by investors along with other risks while evaluating the effectiveness of eco-friendly projects. The study allowed proposing an approach to calculation of the net present value of an investment project taking into account the environmental risk premium. It is proposed to take into account the level of ecological and economic adaptability of the region while determining the value of the risk premium. The approach was practically tested using the example of a treatment facilities reconstruction project.
Keywords: financial provision, environmentally friendly development, public-private partnership, potential ability, ecological and economic adaptability, project value
Fig.: 1. Tabl.: 2. Formulae: 2. Bibl.: 18.

Karpenko Inna V. – Candidate of Sciences (Economics), Assistant, Department of Finance and Credit, Sumy State University (116 Kharkivska Str., Sumy, 40007, Ukraine)
Email: i.karpenko@omu.sumdu.edu.ua
Shyshova Iuliia G. – Candidate of Sciences (Economics), Assistant, Department of Finance and Credit, Sumy State University (116 Kharkivska Str., Sumy, 40007, Ukraine)
Email: y.shyshova@finance.sumdu.edu.ua

Reference to this article:
Karpenko, Inna V., and Shyshova, Iuliia G. (2015) “Methodological Approaches to the Budget Financing of Projects under Conditions of Sustainable Development Based on the Principles of Public-Private Partnership.” The Problems of Economy 1:85–91.

List of references in article

Bezbakh, N. V. “Pravovi osoblyvosti zdiisnennia derzhavno-pryvatnoho partnerstva v Ukraini“ [Legal peculiarities of public-private partnership in Ukraine]. Investytsii: praktyka ta dosvid, no. 18 (2011): 117-120.
Varnavskiy, V. G. “Upravlenie gosudarstvenno-chastnymi partnerstvami za rubezhom“ [Management of public-private partnerships abroad]. Voprosy gosudarstvennogo i munitsipalnogo upravleniia, no. 2 (2012): 134-147.
Holovinov, O. M. “Problemy rozvytku derzhavno-pryvatnoho partnerstva v Ukraini“ [Problems of Public-Private Partnership in Ukraine]. Prometei, no. 1 (37) (2012): 166-169.
Dutko, N. H. “Yevropeiskyi dosvid derzhavno-pryvatnoho partnerstva“ [The European experience of public-private partnerships]. Visnyk akademii derzhavnoho upravlinnia, no. 1 (2010): 30-36.
[Legal Act of Ukraine] (2010). http://zakon4.rada.gov.ua/laws/show/2404-17
Zapatrina, I. V. “Publichno-pryvatne partnerstvo v Ukraini: perspektyvy zastosuvannia dlia realizatsii infrastrukturnykh proektiv iz nadannia publichnykh posluh“ [Public-private partnership in Ukraine: prospects of implementation of infrastructure projects for the provision of public services]. Ekonomika i prohnozuvannia, no. 4 (2010): 62-86.
Karpenko, I. V. “Matrichnyy podkhod v sisteme strategicheskogo upravleniia finansovym obespecheniem regiona“ [Matrix approach to strategic management of financial security in the region]. Molodoy uchenyy, no. 1 (2014): 366-369.
Karpenko, I. V. “Biudzhetno-podatkovi instrumenty upravlinnia finansovo-stratehichnoiu adaptyvnistiu rehionalnoho rozvytku“ [Budget and tax management tools of financial and strategic adaptability regional development]. Mekhanizm rehuliuvannia ekonomiky, no. 4 (2013): 119-123.
Karpenko, I. V. “Udoskonalennia mekhanizmu finansovoho zabezpechennia ekolohooriientovanoho rehionalnoho rozvytku“ [The mechanism of financial security ecologically regional development]. Efektyvna ekonomika. http://www.economy.nayka.com.ua/
Boronos, V. H., and Karpenko, I. V. “Finansovi instrumenty rehuliuvannia protsesu realizatsii ekolohichnoi polityky rozvytku rehionu“ [Financial instruments regulating the implementation of environmental policy development]. Mekhanizm rehuliuvannia ekonomiky, no. 4 (2012): 139-146.
[Legal Act of Ukraine] (2011).
Pavliuk, A. P., and Liapin, D. V. “Derzhavno-pryvatne partnerstvo iak mekhanizm aktyvizatsii investytsiinoi diialnosti v Ukraini“ [Public-private partnerships as a mechanism to stimulate investment in Ukraine]. Stratehichni priorytety, no. 3 (24) (2012): 38-45.
Pidhotovka ta realizatsiia proektiv publichno-pryvatnoho partnerstva [Preparation and implementation of public-private partnership]. Kyiv: FOP Moskalenko O. M., 2011.
Rassadnykova, S. I. “Derzhavno-pryvatne partnerstvo u rozbudovi ekolohichnoi infrastruktury: stanovlennia, osoblyvosti, investytsii“ [Public-private partnerships in the development of environmental infrastructure development, features, and investments]. Ekonomika, no. 1 (2) (2012): 133-142.
Rozhko, O. D. “Finansovo-ekonomichna efektyvnist vprovadzhennia derzhavno-pryvatnoho partnerstva v Ukraini“ [Financial and economic efficiency of the implementation of public-private partnership in Ukraine]. Teoretychni ta prykladni pytannia ekonomiky, no. 27 (2012): 138-147.
Tofaniuk, O. V., and Chalyi, I. H. “Zastosuvannia mekhanizmiv derzhavno-pryvatnoho partnerstva u biudzhetnomu rehuliuvanni rehionalnoho rozvytku“ [The use of Public-Private Partnership in the budget management of regional development]. Ekonomika ta upravlinnia pidpryiemstvamy mashynobudivnoi haluzi: teoriia ta praktyka, no. 4 (16) (2011): 41-53.
Fedulova, L. I., and Yanenkova, I. H. “Orhanizatsiinyi resurs derzhavno-pryvatnoho partnerstva v umovakh podolannia naslidkiv kryzy“ [Organizational resource PPP in terms of overcoming the crisis]. Naukovi pratsi. Ekonomika vol. 109, no. 96 (2009): 57-60.
Shylepnytskyi, P. I. Derzhavno-pryvatne partnerstvo: teoriia i praktyka [Public-private partnerships: Theory and Practice]. Chernivtsi: Instytut rehionalnykh doslidzhen, 2011.

Section: Economics and national economy management
UDC [330.101:163.14](477)
Kichurchak M. V.
Directions for Improvement of the Institutional Provision for Reproduction of Public Goods in the Economic System of Ukraine (p. 92 - 106)
The article aims to clarify the character of interaction between institutional factors and production of public goods, to single out the principal directions for improvement of the institutional provision for their reproduction in the Ukrainian economic system. Reliability and scientific validity of the obtained results are grounded in the methods of induction, deduction, comparison, historical and canonical analysis. The article describes the theoretical and methodological principles of the influence that institutional provision exerts on reproduction of public goods and analyzes the effect of the political and legal factors on their production in the Ukrainian economy. The author demonstrates that deformed production of these goods is caused by incompleteness of construction of the domestic representative democracy model; the processes of permanent improvement of electoral procedures; non-transparency of relations between the state and consumers of such goods in the system of a fiscal organization. Application of the canonical analysis allowed assessing the character of dependencies between the institutional provision and primary indicators of their production. The article proposes such important directions for enhancement of the institutional provision of reproduction of public goods in Ukraine: harmonization of electoral cycles of power branches, which fosters improved interaction with the electorate in terms of determination of preferences while producing such goods; completion of the process of reforming the electoral legislation and construction of a party system in order to enhance the functional capacity of the state; gradual transition to a better quality of democracy by developing political rights, civil liberties, freedom of the press and fighting corruption.
Keywords: public goods, reproduction, institutional factors, consolidated budget, canonical analysis
Fig.: 3. Tabl.: 9. Bibl.: 45.

Kichurchak Marianna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economy of Ukraine, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79000, Ukraine)
Email: Marianna_Kichurchak@ukr.net

Reference to this article:
Kichurchak, Marianna V. (2015) “Directions for Improvement of the Institutional Provision for Reproduction of Public Goods in the Economic System of Ukraine.” The Problems of Economy 1:92–106.

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Section: Economics and national economy management
UDC 37.018:316.422
Komarova O. A.
Priority Areas of the Public Educational Policy (p. 107 - 113)
The article aims to develop the principles and strategic, operational, and transformational areas of the public educational policy. The study allowed substantiating the necessity of taking into account those external factors (economic, social, political, science and technology-related, and cultural) in the process of development of the public educational policy that influence it directly. The study established that the public educational policy of today should be realized on the basis of the following principles: precedence, stability, correspondence between the available resources and the reforms implemented in education, comprehensiveness, consistency, and transparency. It is recommended that priority areas of the public educational policy be grouped in three blocks: strategic, operational, and transformational areas. The following areas were suggested as strategic areas of the public educational policy: ensuring integration of the domestic education into the international educational space; transformation of the traditional educational paradigm into the online and distance one; development and implementation of scientifically substantiated educational standards with a view to improving the quality of education; increasing the employment rate among graduates of educational establishments. The following areas were determined as the operational areas of the public educational policy: formation and development of an ongoing staged educational system; ensuring the conditions allowing free access to the education services for all citizens; improvement of the education funding system. The article recommends the following transformational areas for the public educational policy: improvement of the quality of the learning process through its modernization and intensification; humanization and humanitarization of education; transition from the traditional to the learner-centered education paradigm. The prospects for further research in this field consist in the development of a new organizational and economic mechanism of formation and development of the educational potential of society.
Keywords: education, public educational policy, education funding, ongoing education
Bibl.: 9.

Komarova Olga A. – Doctor of Sciences (Economics), Professor, Professor, Department of Finance and Planning, Kirovograd National Technical University (8 Unіversytetskyi Ave., Kropyvnytskyi, 25006, Ukraine)
Email: komarova-o.a@mail.ru

Reference to this article:
Komarova, Olga A. (2015) “Priority Areas of the Public Educational Policy.” The Problems of Economy 1:107–113.

List of references in article

Andrushchenko, V. P. Rozdumy pro osvitu: statti, narysy, interv'iu [Thinking about education: articles, essays and interviews]. Kyiv: Znannia Ukrainy, 2008.
Astakhova, V. I. “Nekotorye voprosy teorii i praktiki stanovleniia nepreryvnogo obrazovaniia“ [Some problems in the theory and practice of formation of continuing education]. Gumanitarnye nauki, no. 3 (2011): 86-93.
Burhun, I. V. “Pidhotovka kompetentnoho vypusknyka iak realizatsiia humanistychnoi misii serednyoi osvity“ [Preparation of competent graduate as a realization of humanistic mission of secondary education]. Narodna osvita. http://narodnaosvita.kiev.ua/?page_id=2589
[Legal Act of Ukraine] (1991). http://zakon2.rada.gov.ua/laws/show/1060-12
Kremen, V. “Novi vymohy do osvity ta ii zmistu“ [New requirements for education and its content]. Rivnyi dostup do iakisnoi osvity. Kyiv: Eksob, 2007.3-10.
Kutsenko, V. I. “Osvita - fundament staloho ekonomichnoho rozvytku ta sotsialnoi harmonii: shliakhy onovlennia“ [Education - the foundation for sustainable economic development and social harmony: upgrade paths]. Ekonomyka y upravlenye, no. 3 (2013): 58-65.
Myshchyshyn, I. “Aktualni problemy teorii i praktyky osvity, navchannia i vykhovannia“ [Actual problems of the theory and practice of education, training and education]. Visnyk Lvivskoho universytetu. Seriia pedahohichna, no. 23 (2008): 3-9.
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Filipova, V. D. “Modernizatsiia derzhavnoi polityky v haluzi osvity Ukrainy“ [Modernization of the state policy in the field of education in Ukraine]. Naukovi pratsi. Seriia «Derzhavne upravlinnia» vol. 208, no. 196 (2013): 40-44.

Section: Economics and national economy management
UDC 656.61.(477)(003)
Mashkantseva S. A.
Substantiation of the Choice of Development Directions for the National Merchant Fleet (p. 114 - 119)
In the context of international and regional integration, the development of the national merchant fleet becomes one of the factors in achieving the economic security of residents. The main objective of the article is detalization of the current characteristic features of the world freight market functioning with a view to forming the main development directions for the merchant shipping of the Ukrainian merchant fleet. A typical state for most freight market sectors is cyclical operation. Selection of a prospective strategy for positioning of the merchant fleet within the system of the global seaborne trade market presupposes taking into account the degree of stability of foreign economic relations. Transit freight flows tend to acquire an important role in the context of globalization of economic relations. The mechanism of development of the fleet and ports should be focused on both solving entrepreneurial tasks and realization of the cargo owners’ needs. A crucial characteristic of the current state of any segment of the seaborne trade market is the flow of the freight profits which eventually predetermines the value of the fixed assets of individual companies and the overall market value of investment. Regulation of foreign economic relations on the basis of WTO principles requires development of new approaches to facilitation of the international transport cooperation grounded in new technology and the technical and economic level of the fleet and ports. The development of the national merchant fleet can be carried out within the framework of such specialized fleet groups: bulker, tanker, ferry, and container fleet. For the purpose of stabilizing the development of the national transportation system of Ukraine it is important to determine its role in the system of international transportation corridors. One should note that most international transportation routes crossing the territory of Ukraine are water routes, which should be regarded as an additional factor contributing to practicality of creation of a competitive national merchant fleet.
Keywords: freight flows, multimodal transportation technologies, international transportation corridors, containerization, investment resources, optimality of capacity utilization, international ships register, specialized fleet
Formulae: 1. Bibl.: 14.

Mashkantseva Svitlana A. – Candidate of Sciences (Economics), Associate Professor, Department of Economic Theory and Entrepreneurship in maritime transport, Odesa National Maritime Academy (8 Didrikhson Str., Odesa, 65029, Ukraine)
Email: magseabird@i.ua

Reference to this article:
Mashkantseva, Svitlana A. (2015) “Substantiation of the Choice of Development Directions for the National Merchant Fleet.” The Problems of Economy 1:114–119.

List of references in article

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Section: Economics and national economy management
UDC 332.1
Melnykova O. А.
The Issues and Development Prospects for City Branding in Ukraine (p. 120 - 125)
The article aims to develop theoretical and methodological recommendations for city brand building taking into account the present-day socioeconomic development of Ukrainian cities. Using analysis of theoretical works on marketing as the basis, the article considers the notions of “city brand” and “city branding”. Generalization and systematization of theoretical and practical experience in the studied area allowed singling out the primary goals and tasks of city branding and identifying the city brand target audience. Analysis of successful domestic and foreign practical experience in city brand building permitted singling out the primary issues in Ukrainian city brand building and outlining the methods of resolving them. Analysis, systematization, and generalization of data obtained in the process of investigation allowed developing theoretical and methodological recommendations for city brand building taking the form of a sequence of six stages, as well as adjusting the product life cycle concept to the city brand life cycle. The article emphasizes the importance of a strong interrelation between the city brand building stages and the socioeconomic development strategy of the city.
Keywords: city brand, branding, city brand life cycle, city brand target audience, city brand building stages
Fig.: 3. Tabl.: 1. Bibl.: 8.

Melnykova Oleksandra А. – Candidate of Sciences (Economics), Associate Professor, Department of Tourism, Hotel and Restaurant Business, Luhansk Taras Shevchenko National University (vul. Oboronna, 2, Luhansk, 91011, Ukraine)
Email: melnikova_aa@mail.ru

Reference to this article:
Melnykova, Oleksandra А. (2015) “The Issues and Development Prospects for City Branding in Ukraine.” The Problems of Economy 1:120–125.

List of references in article

Vizgalov, D. V. Brending goroda [Branding the city]. Moscow: Fond «Institut ekonomiki goroda», 2011.
Vizgalov, D. V. Marketing goroda [Marketing of the city]. Moscow: Fond «Institut ekonomiki goroda», 2008.
Rol brendinga gorodov v epokhu peremen [The role of branding cities in an era of change]. Kyiv: Institut transformatsii obshchestva, 2012.
“10 primerov uspeshnogo rebrendinga gorodov“ [10 examples of successful re-branding of cities]. Forbes. http://www.forbes.ru/stil-zhizni-slideshow/puteshestviya/188010-10-primerov-uspeshnogo-rebrendinga-gorodov/slide/10
Mezhdunarodnaia konsaltingovaia kompaniia «Reputation Institute». http://www.reputationinstitute.com/thought-leadership/city-reptrak
Issledovatelskiy tsentr «The Economist Intelligence Unit». http://www.eiu.com/
Derzhavna sluzhba statystyky Ukrainy. http://www.ukrstat.gov.ua/
Brending territoriy. Luchshie mirovye praktiki [Branding territories. The world's best practice]. Moscow: Mann, Ivanov i Ferber, 2013.

Section: Economics and national economy management
UDC [65.01:34.06] (330.341.1)
Mrykhina O. B., Mirkunova T. I., Stoianovskyi A. R.
The Methodological and Regulatory Framework for Technology Transfer (p. 126 - 132)
The article deals with study of the methodological and regulatory framework for technology transfer. Having studied existing theoretical and practical research papers focusing on this range of problems, the authors established that the phenomenon of technology transfer is mainly considered as an intermediate stage that mediates innovative activities. Using basics of systemic analysis, the authors grouped and picked out the main methodological and regulatory documents from the legal framework of Ukraine that are used in TT; the authors identified issues that complicate technology transfer and proposed steps that aim at solving such problems; the authors proposed their own approach to formation of the methodological and regulatory framework of TT as a subsystem of the methodology. Formation of mechanisms of realization of an enhanced methodological and regulatory framework of TT constitutes prospects for further scientific research addressing this range of problems.
Keywords: methodological and regulatory framework, technology transfer, commercialization, innovation
Tabl.: 1. Bibl.: 26.

Mrykhina Oleksandra B. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Business Economy and Investment, Scientific-Educational Institute of Economics and Management of the Lviv Polytechnic National University (5 Mytropolyta Andreia Str., Lviv, 79013, Ukraine)
Email: oleksandramrykhina@gmail.com
Mirkunova Tamara I. – Masters Student, Department of Business Economy and Investment, Scientific-Educational Institute of Economics and Management of the Lviv Polytechnic National University (5 Mytropolyta Andreia Str., Lviv, 79013, Ukraine)
Email: tamaramirkunova479@gmail.com
Stoianovskyi Andrii R. – Candidate of Sciences (Economics), Associate Professor, Department of Business Economy and Investment, Scientific-Educational Institute of Economics and Management of the Lviv Polytechnic National University (5 Mytropolyta Andreia Str., Lviv, 79013, Ukraine)
Email: stoianovskyi@gmail.com

Reference to this article:
Mrykhina, Oleksandra B., Mirkunova, Tamara I., and Stoianovskyi, Andrii R. (2015) “The Methodological and Regulatory Framework for Technology Transfer.” The Problems of Economy 1:126–132.

List of references in article

[Legal Act of Ukraine] (2006). http://zakon2.rada.gov.ua/laws/show/143-16
“Stan rozvytku nauky i tekhniky, rezultaty naukovoi, naukovo-tekhnichnoi, innovatsiinoi diialnosti, transferu tekhnolohii za 2013 r. “ [The state of science and technology, the results of scientific, technical, innovation, technology transfer for 2013]. http://old.dknii.gov.ua/?q=system/files/sites/default/files/images/_%D0%B7%D0%B0_2013_%D1%81%D0%BE%D0%BA%D1%80_%D0%BE%D0%BA%2B.pdf
Androsova, O. F. “Orhanizatsiino-ekonomichni aspekty vykorystannia transferu tekhnolohii na pidpryiemstvakh aviatsiinoi promyslovosti“ [Organizational and economic aspects of the use of technology transfer in the aviation industry]. dys. ... kand. ekon. nauk : 08.06.01, 2006.
Bazhal, Yu. M. “Mizhnarodnyi transfer tekhnolohii iak faktor ekonomichnoho rozvytku“ [International technology transfer as a factor of economic development]. In Ekonomichnyi rozvytok i derzhavna polityka, 20-29. Kyiv: K. I. S., 2001.
Yokhna, M. A., Izhevskyi, P. H., and Stadnyk, V. V. Transfer tekhnolohii: formy i metody efektyvnoho zdiisnennia [Technology transfer: forms and methods effective]. Khmelnytskyi: KhNU, 2008.
Liashenko, O. M. “Metody ta modeli komertsializatsii transferu tekhnolohii“ [Methods and Models commercialization of technology transfer]. avtoref. dys. ... d-ra ekon. nauk : 08. 00.11, 2009.
Kamianska, O. V. “Upravlinnia transferom tekhnolohii na mashynobudivnykh pidpryiemstvakh“ [Management of technology transfer in machine-building enterprises]. dys. ... kand. ekon. nauk, 2008.
Katsura, S. M., and Lymar, V. V. “Pryntsypy derzhavnoho rehuliuvannia mizhnarodnoho transferu znan“ [The principles of state regulation of international knowledge transfer]. Ekonomichnyi visnyk Donbasu, no. 1 (2010): 43-46.
Salikhova, O. B. “Udoskonalennia metodolohii statystychnoho analizu mizhnarodnoho transferu tekhnolohii v Ukraini“ [Improving the methodology of statistical analysis of international technology transfer in Ukraine]. dys. ... kand. ekon. nauk : 08.02.02, 2003.
Tytov, V. V. “Transfer tekhnolohii“ [Technology transfer]. http://www.metodolog.ru/00384/14.htm
Fedulova, L. I. “Rozbudova systemy transferu tekhnolohii - vazhlyva umova vprovadzhennia klasternoi modeli rozvytku ekonomiky Ukrainy“ [Building systems technology transfer - an important condition introduction of cluster model of economic development of Ukraine]. http://www.pu.if.ua/depart/Finances/resource/file/Збірник/2011-2/Федулова.pdf
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Section: Economics and national economy management
UDC 334.012:351.746.1
Solodovnik O. O.
Financial and Economic Security of the Public-Private Partnership: Theoretical and Methodological Framework (p. 133 - 138)
The article aims to formulate the author’s own approach to presentation of the content of financial and economic security of the public-private partnership on the basis of analysis and generalization of the existing research into the financial and economic security of agents of varying levels of the management hierarchy and the character of the public-private partnership. Studying scientific works dealing with the questions of financial and economic security allowed affirming that there is certain fragmentariness in formation of the terminology for ensuring the financial and economic security for agents of varying levels of the management hierarchy in modern research, whereas the general notion of “financial and economic security” still remains insufficiently studied. This study substantiated the reasonability of singling out a new manifestation of financial and economic security, namely financial and economic security of the public-private partnership; the author proposed to introduce the terms “financial and economic security of the public partner” and “financial and economic security of the private partner” into the scientific use and formulated the author’s own viewpoint on the essence of the notions; the study also substantiated the necessity of developing a comprehensive methodology for the strategic protection of financial and economic interests of parties to the public-private partnership. Prospects for further research in this area consist in clarification of the essence and content of the strategic protection of the interests of partiesto the public-private partnership.
Keywords: public-private partnership, financial and economic security, interests of the partnership parties
Bibl.: 12.

Solodovnik Olesia O. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Finance and Credit, Kharkiv National University of Civil Engineering and Architecture (40 Sumska Str., Kharkіv, 61002, Ukraine)
Email: solodovnikoa@gmail.com

Reference to this article:
Solodovnik, Olesia O. (2015) “Financial and Economic Security of the Public-Private Partnership: Theoretical and Methodological Framework.” The Problems of Economy 1:133–138.

List of references in article

Moiseienko, I. P. “Systemnyi mekhanizm upravlinnia finansovo-ekonomichnoiu bezpekoiu pidpryiemstva“ [System management mechanism of financial and economic security]. Naukovyi visnyk Lvivskoho derzhavnoho universytetu vnutrishnikh sprav. Seriia ekonomichna, no. 1 (2013): 284-291.
Rybalkin, N. “Priroda bezopasnosti“ [Nature security]. Vestnik Moskovskogo universiteta. Seriia «Filosofiia», no. 5 (2003): 36-52.
Fedotova, E. L., and Derevtsova, E. N. “Partnerskie otnosheniia kak fenomen sovremennogo obshchestva“ [Partnerships as a phenomenon of modern society]. http://www.rusnauka.com/37_DWS_2014/Psihologia/12_181587.doc.htm.
Sazonov, V. E. Gosudarstvenno-chastnoe partnerstvo: grazhdansko-pravovye aspekty [Public-private partnerships: civil law aspects]. Moscow: Rossiyskiy universitet druzhby narodov, 2012.
Yermilov, S. F. “Formuvannia mekhanizmiv DPP v naukovo-innovatsiinii sferi Ukrainy“ [Formation mechanisms of PPP in science and innovation sphere Ukraine]. dys. … kand. nauk z derzhavnoho upravlinnia : 25.00. 02, 2012.
Pidhaiets, S. “Yevropeiskyi dosvid zastosuvannia modelei derzhavno-pryvatnoho partnerstva“ [The European experience with models of public-private partnerships]. Zhurnal ievropeiskoi ekonomiky vol. 10, no. 3 (2011): 291-305.
Zhdanenko, S. B. “Partnerska vzaiemodiia u protsesi stanovlennia hromadianskoho suspilstva (sotsialno-filosofskyi analiz)“ [Affiliate interaction in the development of civil society (social and philosophical analysis)]. avtoref. dys. ... kand. filos. nauk : 09.00.03, 2003.
Zapatrina, I. V. Potentsial publichno-chastnogo partnerstva v razvivaiushchikhsia ekonomikakh [The potential of public-private partnerships in developing economies]. Kyiv: Tsentrodruk, 2011.
Holovinov, O. M., and Dmytrychenko, L. A. “Teoretychni zasady i prykladni aspekty derzhavno-pryvatnoho partnerstva“ [The theoretical basis and practical aspects of public-private partnerships]. Ekonomika ta derzhava, no. 9 (2010): 4-8.
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Zapatrina, I. V. “Publichno-pryvatne partnerstvo v Ukraini: perspektyvy zastosuvannia dlia realizatsii infrastrukturnykh proektiv i nadannia publichnykh posluh“ [Public-private partnership in Ukraine: Prospects for application implementation of infrastructure projects and the provision of public services]. Ekonomika i prohnozuvannia, no. 4 (2010): 62-86.
Brailivskyi, I. A. “Interesy i vyhody pryvatnoho sektora v derzhavno-pryvatnomu partnerstvi“ [Interest and use of the private sector in public-private partnership]. Biznes Inform, no. 8 (2013): 232-236.

Section: Economics and national economy management
UDC 330.341.1:631.1(477)
Skydan O. V., Lytvynchuk I. L., Samojlenko K. A., Dubinchenko S. V.
Reforming the System of the Research and Educational Support of Ukrainian Agrarian Sector (Based on a Sociological Study) (p. 139 - 148)
The article aims to study the public opinion on the efficiency of the state policy of reforming the agrarian education and research in Ukraine within the socio-professional segment of individuals dealing with research and science and technology. The study utilized the methods of collection, processing, and analysis of sociological information to determine the opinion of individuals dealing with research and science and technology about the government’s steps in the area of innovative development of the system of the research and educational support of the agrarian economy; solving the problems associated with institutionalization of the intellectual property within the system of the research and educational support of the agrarian economy; formation of a network of integrated educational and operational platforms in the agrarian economy. The study substantiates the reasonability of holding sociological studies to research the reaction of socio-professional groups to the macroeconomic policy of the state with a view to avoiding conflicts of interests of the parties and ensuring more effective implementation of the governmental policies.
Keywords: sociological study, agrarian sector, system of the research and educational support, reform
Fig.: 1. Tabl.: 4. Bibl.: 10.

Skydan Oleh V. – Doctor of Sciences (Economics), Professor, Professor, Department of Innovative Entrepreneurship and Investment, Zhytomyr National Agroecological University (7 Staryi Bivd., Zhytomyr, 10008, Ukraine)
Email: skydanolegv@ukr.net
Lytvynchuk Iryna L. – Candidate of Sciences (Economics), Candidate on Doctor Degree, Zhytomyr National Agroecological University (7 Staryi Bivd., Zhytomyr, 10008, Ukraine)
Email: irina.litvinchuk@ukr.net
Samojlenko Kostiantyn A. – Postgraduate Student, Zhytomyr National Agroecological University (7 Staryi Bivd., Zhytomyr, 10008, Ukraine)
Email: Dsgi-ukr@mail.ru
Dubinchenko Stanislav V. – Postgraduate Student, Zhytomyr National Agroecological University (7 Staryi Bivd., Zhytomyr, 10008, Ukraine)
Email: Dsgi-ukr@mail.ru

Reference to this article:
Skydan, Oleh V. et al. (2015) “Reforming the System of the Research and Educational Support of Ukrainian Agrarian Sector (Based on a Sociological Study).” The Problems of Economy 1:139–148.

List of references in article

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“Problemy okhorony intelektualnoi vlasnosti v Ukraini : Analitychna dopovid Tsentru ekonomichnykh i politychnykh doslidzhen imeni Oleksandra Razumkova“ [Problems of Intellectual Property in Ukraine: analytical report of the Center for Economic and Policy Research Razumkov]. Natsionalna bezpeka i oborona, no. 10 (22) (2001): 2-46.
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Section: Economics and national economy management
UDC 338.23 (477)
Khaustova V. Y.
The Legal and Regulatory Framework for the State Support of the Industry Development in Ukraine (p. 149 - 167)
The article determines that industry is the foundation for any economy, for which reason support of the industrial development receives special attention from the governments of virtually every country of the world, including Ukraine. The article aims to analyze the existing legal and regulatory framework for the state support of the industrial development in Ukraine and methods of its improvement. The article analyzes the state industrial policy concepts adopted in the country: their objectives, main principles, structure, funding sources, primary tasks and priorities, etc., as well as specific implementation aspects and obtained results. The author considered the concepts of the nation-level target economic programs of the industrial development of Ukraine: their characteristic features, proposed directions for support of the industrial development of the country, priorities, etc., as well as expected and actual implementation outcomes. The sector-specific concepts of State target science and technology programs were analyzed, as well as strategies of the economic and social development of Ukraine and industry sectors; their objectives and characteristics were considered. The article also discusses the adopted Laws of Ukraine dealing with the development of leading industry sectors and the tasks and priorities declared by them. The study allowed investigating and generalizing state comprehensive target programs and other programs aimed at the development of the country’s industry, as well as Resolutions of the Cabinet of Ministers of Ukraine and the National Security and Defense Council of Ukraine adopted in Ukraine over the past 15 years, their primary goals and priorities, as well as funding sources. The conducted analysis allowed proving that the fact of the governmental bodies and agencies taking no practical steps for the accomplishment of the tasks declared in concepts, strategies, and policy documents, as well as failure to achieve the planned level of industrial development give one the grounds to argue that realization of the industrial policy in Ukraine must be reconsidered and requires adoption of a strategic plan for further development of the Ukrainian industry in the medium and long term.
Keywords: industry, industrial policy, state support, legal and regulatory framework
Fig.: 8. Tabl.: 9. Bibl.: 32.

Khaustova Viktoriia Ye. – Doctor of Sciences (Economics), Professor, Director, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: v.khaust@gmail.com

Reference to this article:
Khaustova, Viktoriia Ye. (2015) “The Legal and Regulatory Framework for the State Support of the Industry Development in Ukraine.” The Problems of Economy 1:149–167.

List of references in article

Kindzerskyi, Yu. V. et al. Potentsial natsionalnoi promyslovosti: tsili ta mekhanizmy efektyvnoho rozvytku [Potential national industry objectives and mechanisms of effective development]. Kyiv, 2009.
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Kyzym, M. O., and Khaustova, V. Ye. “Klasteryzatsiia ekonomiky iak instrument realizatsii promyslovoi polityky v krainakh svitu“ [Clustering of economics as a tool of industrial policy in the world]. In Konkurentospromozhnist: problemy nauky ta praktyky, 41-55. Kharkiv: FOP Pavlenko O. H.; INZhEK, 2010.
Promyslova polityka iak chynnyk pisliakryzovoho vidnovlennia ekonomiky Ukrainy [Industrial policy as a factor in the post-crisis economic recovery in Ukraine]. Kyiv: NISD, 2012.
Amosha, A. I., Vishnevskiy, V. P., and Zbarazskaya, L. A. “Neoindustrializatsiya i novaya promyshlennaya politika Ukrainy“ [Neoindustrialization and the new industrial policy of Ukraine]. Ekonomika promyslovosti, no. 1-2 (2012): 3-33.
Buleev, I. P., and Briukhovetskaia, N. E. “Sovremennye paradigmy promyshlennoy politiki i ikh realizatsiia v Ukraine“ [Modern paradigm of industrial policy and their implementation in Ukraine]. Nauchnyy vestnik DGMA, no. 2(10Е) (2012): 178-185.
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Khaustova, V. Ye., and Oliinyk, A. D. “Promyslova polityka v Ukraini: providni shkoly i bachennia vitchyznianykh vchenykh“ [Industrial policy in Ukraine, leading schools and vision of local scientists]. Byznes Ynform, no. 3 (2015): 150-157.
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Section: Economics and national economy management
UDC 330.341.1:658.149.3
Sharko M. V.
Commercialization of the Intellectual Property in the Process of Transferring Technology to the Real Sector of the Economy (p. 168 - 173)
The article aims to study the lines of Ukraine’s economic development in the field of high technology and intellectual property. The work studies the intellectual property market dynamics, determines the strategic reference points for the economic development and the structure of the used cutting-edge technology. The article demonstrates that the intangible components of the present-day production constitute the primary part of creation of the value added. Intellectual property products tend to become economic growth factors ensuring demand for products and services. Exploration of the intellectual property results and their commercialization were considered in the context of demand for them in technology markets. The results of study of high technology gradations according to types of economic operations and implementation terms allowed establishing the trends toward profit making in the short run and decrease in technology with later implementation terms. Further study of commercialization of intellectual property in the process of transferring technology to the real sector of the economy can help increase the efficiency of public production.
Keywords: intellectual property, high technology, inventions, production prototypes, utility models, dynamics
Fig.: 2. Tabl.: 3. Bibl.: 8.

Sharko Margarita V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economics and Entrepreneurship, Kherson National Technical University (11 Instytutska Str.., Khmelnytskyi, 29016, Ukraine)
Email: mvsharko@gmail.com

Reference to this article:
Sharko, Margarita V. (2015) “Commercialization of the Intellectual Property in the Process of Transferring Technology to the Real Sector of the Economy.” The Problems of Economy 1:168–173.

List of references in article

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“Pravo intelektualnoi vlasnosti“ [Intellectual property law]. http:/www.readbookz.com/book/192/7099.htm/
Rassel, S., and Norvig, P. Iskusstvennyy intellekt. Sovremennyy podkhod [Artificial intelligence. The modern approach]. Moscow: Viliams, 2006.
Androshchuk, H. “Ekonomiko-statystychnyi analiz vynakhidnytskoi aktyvnosti v Ukraini“ [Economic and Statistical Analysis of inventive activity in Ukraine]. Yntellektualnaia sobstvennost, no. 11 (2013): 27-33.
Androshchuk, H. “Svitovi pokaznyky intelektualnoi vlasnosti: analiz tendentsii ta stan v Ukraini“ [World Intellectual Property rates: analysis of trends and status in Ukraine]. Problemy ta perspektyvy innovatsiinoi diialnosti v Ukraini. Kyiv:, 2015.18-25.
Androshchuk, H. “Intelektualna vlasnist v naukovykh vyrobnytstvakh v oboronnii sferi v systemi natsionalnoi bezpeky“ [Intellectual Property in scientific production in the defense sector in the national security]. Nauka ta naukoznavstvo, no. 4 (2012): 88-98.

Section: Economics and national economy management
UDC 338.3: 338.012
Shved T. V., Bila I. S.
Identification of Issues in the Development of Enterprises of the Oils and Fats Industry in Ukraine (p. 174 - 179)
The article identifies and analyzes main issues in the development of oils and fats industry enterprises in Ukraine. Consideration and generalization of certain aspects of functioning of enterprises from the oils and fats industry of Ukraine allowed singling out the following issues in their development: a high level of monopolization in the industry, insufficient focus of the enterprises on innovation and investment, an underdeveloped system of storage and transportation of oils and fats products in Ukraine. Identification of negative effects resulting from the listed issues in the development of enterprises of the oils and fats industry in Ukraine allowed stating that the existing issues need finding solutions, including state-level solutions. Determination of the principal measures of governmental regulation of the development of oils and fats industry enterprises in Ukraine will be the focus of the authors’ further research.
Keywords: oils and fats industry, oil extraction plant, vegetable oil, oil seeds, issues in the development of enterprises of the oils and fats industry, monopolization of the industry, transportation and storage of products
Bibl.: 21.

Shved Tetiana V. – Postgraduate Student, Department of Applied Economics, National University of Food Technology (68 Volodymyrska Str., Kyiv, 1601, Ukraine)
Email: shtv2008@mail.ru
Bila Iryna S. – Candidate of Sciences (Economics), Associate Professor, Department of Economic Theory, National Pedagogical Dragomanov University (9 Pyrohova Str., Kyiv, 01601, Ukraine)
Email: itsvt@mail.ru

Reference to this article:
Shved, Tetiana V., and Bila, Iryna S. (2015) “Identification of Issues in the Development of Enterprises of the Oils and Fats Industry in Ukraine.” The Problems of Economy 1:174–179.

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Cherepanova, N. A. “Problemy i perspektivy ukrainskogo rynka rastitelnogo masla“ [Problems and prospects of the Ukrainian market of vegetable oil]. Ekonomichni innovatsii, no. 47 (2012): 302-312.
“Systemy zberihannia zerna v Ukraini ta Rosii: zahalnyi stan ta perspektyvy“ [System storage units in Ukraine and Russia: the general condition and prospects]. http://svitagro.com/sistemi-zberigannya-zerna-v-ukrayini-ta-rosiyi-zagalniy-stan-ta-perspektivi
Sumets, O. M. “Eventualni stsenarii rozvytku APK Ukrainy iak osnova formuvannia kontseptsii lohistychnoi diialnosti silhosppidpryiemstv“ [Potential scenarios of AIC Ukraine as a basis for the formation of agricultural logistics concept]. Visnyk KhNAU, no. 3 (2014): 207-216.
“Dnopohlyblennia Dnipra : na dni vidomchykh problem“ [Dredging of the Dnieper, at the bottom of departmental problems]. http://uga-port.org.ua/novosti/ukraina/dnopogliblennya-dn-pra-na-dn-v-domchikh-problem
“Dnopohlybliuvalnym robotam na Dnipri buty“ [Dredging be on the Dnieper]. http://www.agroprofi.com.ua/statti/1079-dnopoglibljuvalnim-robotam-na-dnipri-buti.html
“Novosti agrarnykh rynkov“ [News agricultural markets]. http://uga-port.org.ua/sites/default/files/2014_11_14_vestnik_39.pdf

Section: Regional economy
UDC 332.145
Yaroshenko I. V., Semyhulina I. B.
Methodological Approaches to Creation and Maintenance of the System of Monitoring and Evaluation of the Socioeconomic Development of Ukraine’s Regions (p. 180 - 186)
The article discusses methodological approaches to creation and maintenance of the system of monitoring of the socioeconomic development of Ukrainian regions. Ensuring stability of the socioeconomic development of regions requires efficient organizational management based on constant monitoring and evaluation of the current socioeconomic state of the region with a view to updating the managerial decision-making and determining the future development prospects. Organization of such monitoring allows establishing the relations between the indicators of the socioeconomic development of the region and responding to negative trends in these indicators in a timely manner. The system of monitoring and evaluation of the socioeconomic development of Ukrainian regions based on the methodological recommendations proposed in this work is time-efficient, dynamic, and flexible; it demonstrates the existing variations in the level of the socioeconomic development of regions within the studied time frame. The proposed methodological approaches to creation of the system of monitoring and evaluation of the development of the region allow virtually real-time independent assessment of trends in the development of its socioeconomic state, obtaining information on the state of the business climate in the real sector of the economy and its possible changes, promptly analyzing the financial state of the region and the most essential factors that determine the regional socioeconomic policy.
Keywords: system of monitoring and evaluation, socioeconomic development, regional policy, state management, development issues
Fig.: 1. Formulae: 4. Bibl.: 18.

Yaroshenko Ihor V. – Candidate of Sciences (Economics), Head of, Department of Macroeconomic Policy and Regional Development, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: iyaroshenko@i.ua
Semyhulina Iryna B. – Candidate of Sciences (Economics), Junior Researcher, Department of Macroeconomic Policy and Regional Development, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: isemigulina@i.ua

Reference to this article:
Yaroshenko, Ihor V., and Semyhulina, Iryna B. (2015) “Methodological Approaches to Creation and Maintenance of the System of Monitoring and Evaluation of the Socioeconomic Development of Ukraine’s Regions.” The Problems of Economy 1:180–186.

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Section: Economics and Enterprise Management
UDC 657.01
Burlan S. A., Katkova N. V.
Enterprise Performance Efficiency Audit: the Methodological Aspect (p. 187 - 193)
The article aims to study the theoretical and methodological aspects of enterprise performance efficiency audit and to develop recommendations on improvement of its procedure. The article considers the essence of enterprise performance efficiency audit and proposes its definition as a task aimed at ensuring certainty which implies evaluation of the efficiency of the management system of an enterprise and effectiveness of its business operations. The article identifies the targets, objectives and functions of the enterprise performance efficiency audit. This type of audit focuses on the efficiency of the organizational enterprise management system and effectiveness of business operations of the enterprise. The objective of enterprise performance efficiency audit is the study of the operational results of the business entity and assessment of the economic feasibility of its organizational management mechanism, development of recommendations on optimization of management technologies. Taking into account the overall paradigm of efficiency audit, the study identifies its primary criteria: economic feasibility, production capacity, productivity. The article discusses basic stages and procedures of enterprise performance efficiency audit. The authors propose a system of indicators for analysis of efficiency of the organizational system of enterprise management and evaluation of effectiveness of its business operations.
Keywords: audit, effectiveness, efficiency audit, international auditing standards, analytical procedures, efficiency indicators
Fig.: 2. Tabl.: 2. Bibl.: 13.

Burlan Svitlana A. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Accounting and Auditing, Petro Mohyla Black Sea National University (10 68 Desantnykіv Str., Mykolaiv, 54003, Ukraine)
Email: audit.svetla@gmail.com
Katkova Natalia V. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Accounting and Economic Analysis, Admiral Makarov National University of Shipbuilding (9 Heroiv Ukrainy Ave., Mykolaiv, 54025, Ukraine)
Email: nataliavkatkova@gmail.com

Reference to this article:
Burlan, Svitlana A., and Katkova, Natalia V. (2015) “Enterprise Performance Efficiency Audit: the Methodological Aspect.” The Problems of Economy 1:187–193.

List of references in article

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Yur'iev, O. V. “Aspekty audytu efektyvnosti operatsiinoi diialnosti torhovelnykh pidpryiemstv“ [Auditing the efficiency of operations of commercial enterprises]. Nezalezhnyi audytor, no. 7 (1) (2014): 73-81.

Section: Economics and Enterprise Management
UDC 65.011:[334.012:339.56](477)
Glushko S. M., Kononenko Y. V.
Economic Efficiency of the Export-Oriented Enterprise in the Context of Synergistic Interaction: Dyssynergy-Synergy Paradox (p. 194 - 201)
Financial and production stability of the enterprise in an economy that is open for external markets is one of the most acute issues of Ukraine’s economy as of today. Development of an environment that is favorable for the sustainable development and effective (international) economic activities can be facilitated by a series of effects of cooperative and synergistic interaction of enterprises operating within an integrated group. The experience of such interaction and the problem of assessment of its economic efficiency were studied using the example of the EFEKT company grouping (based in Kharkiv, Ukraine) belonging to the cosmetics and toiletries industry and the medium-sized type of enterprises. The article discusses the “dyssynergy-synergy paradox”, its essence being the fact that the dyssynergy of non-neighboring production operations was transformed into the synergy of business processes by restructuring the enterprise. Interaction of enterprises results in reduced operational costs due to the optimum organization of the production process and logistics, reduced transaction expenses, improved financial stability of the group and its investment opportunities.
Keywords: synergistic effect, synergy, dyssynergy-synergy paradox, international economic activities, economic efficiency
Fig.: 2. Tabl.: 4. Formulae: 2. Bibl.: 20.

Glushko Sergii M. – Candidate of Sciences (Economics), PJSC «EFFECT» (10 Heorhiivska Str., Kharkiv, 61010, Ukraine)
Email: director@effect.ua
Kononenko Yana V. – Postgraduate Student, Department of Management and Finance, Foreign Trade, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: yana.kononenko@gmail.com

Reference to this article:
Glushko, Sergii M., and Kononenko, Yana V. (2015) “Economic Efficiency of the Export-Oriented Enterprise in the Context of Synergistic Interaction: Dyssynergy-Synergy Paradox.” The Problems of Economy 1:194–201.

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Section: Economics and Enterprise Management
UDC 658.8:697
Litovchenko I. L., Shkurupska I. O.
Formation of a Methodological Approach to Development of Integrated Marketing Communications (p. 202 - 208)
The article focuses on the development of a basic framework for a research and methodological approach to formation of a program of integrated marketing communications aimed at promotion of various goods/services by enterprises. The authors proposed to develop an IMC program based on the sequence of 12 stages of actions whose specific aspects are determined by the characteristics of the business operations of the enterprise. The top-priority task is identification of the target audience of the enterprise. The objective of the following stage is determination of the type of enterprise capable of satisfying the demand existing in the studied market. After that, the enterprise must identify the market and communication goals of the IMC agent in accordance with its market and marketing abilities. For the purpose of substantiating the choice of a method of development of IMC programs of enterprises, the authors proposed a matrix of correspondence of the type of an economic agent to the IMC program characteristics by the efficiency level. Depending on the implementation period, IMC programs fall into three types: short-term, medium-term, and long-term. Selection of suitable tools and marketing communication channels relies on the degree of involvement of the consumer relative to the goods characteristics, as well as the tools themselves and the avenue of promotion (“FCB” matrix). Communication messages are further formulated. The order of their issuance and placement in various communication channels are planned as a certain media plan. An important step in the development of the IMC program is establishment of the target level of IMC effects. In accordance with these and the level of overall marketing costs, the budget for implementation of the IMC program is formed. The final stage of the IMC program development is evaluation of the actual efficiency of the program.
Keywords: integrated marketing communications (IMC), “FCB” matrix, media plan, return on marketing investment (ROMI)
Fig.: 2. Tabl.: 1. Formulae: 6. Bibl.: 9.

Litovchenko Iryna L. – Candidate of Sciences (Economics), Associate Professor, Head of the Department, Department of Marketing, Odesa National Economic University (8 Preobrazhenska Str., Odesa, 65082, Ukraine)
Email: irinatigrovna@mail.ru
Shkurupska Iryna O. – Candidate of Sciences (Economics), Lecturer, Department of Marketing, Odesa National Economic University (8 Preobrazhenska Str., Odesa, 65082, Ukraine)
Email: irina.shkurupskaya@gmail.com

Reference to this article:
Litovchenko, Iryna L., and Shkurupska, Iryna O. (2015) “Formation of a Methodological Approach to Development of Integrated Marketing Communications.” The Problems of Economy 1:202–208.

List of references in article

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Pickton, D., and Broderick, A. Integrated Marketing Communications: Financial Times Pearson Education Limited, 2005.
Morris, L. “Studies give "thumbs up" to mags for ad awareness-print ad scrutiny : Media multiplier effect urges combo buy over just one medium over another“ Special Report, Advertising Age, 1999.
Nazaykin, A. N. Mediaplanirovanie [Media planning]. Moscow: Eksmo, 2010.
Lypchuk, V. V. Marketynhovyi analiz [Market Analysis]. Kyiv: Akademvydav, 2008.
Taranenko, I. V. Marketynhovi pokaznyky : Bilshe 50 pokaznykiv, iaki vazhlyvo znaty kozhnomu kerivnyku [Market Indicators: More than 50 indicators that are important to know each manager]. Dnipropetrovsk: Balans Biznes Buks, 2009.

Section: Economics and Enterprise Management
UDC 657.1:167
Pilevych D. S.
Application of the Systemic Approach to Study of Accounting (p. 209 - 217)
This article analyzes the primary approaches to determination of the essence of accounting as a science and an occupation. The article applies the systemic approach to study of the indicated type of record keeping, which allowed identifying basic elements of the accounting system, including the information on the economic state of the enterprise, the accountants, the accounting process, the theoretical, methodological, organizational, and resource provision for the accounting process. The article also analyzes the principal functions of accounting, among them the evaluative, information, analytical, control, social functions, and reveals their essence. It is currently a conventional practice to single out the following principles within the system of accounting principles detailed in the Law of Ukraine “On Accounting and Reporting in Ukraine”: prudence, complete release, self-sufficiency, consistency, continuity, accrual and matching of incomes and costs, prevalence of substance over form, historical (actual) cost, a single money measure, periodicity. The author extended the list with the following principles: adaptation, information transparency, timeliness, documentedness, responsibility, consideration of operational specifics.
Keywords: record keeping, accounting, system, element, function, principle
Fig.: 3. Bibl.: 22.

Pilevych Dmytro S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management Accounting, Business Analytics and Statistics, The University of the State Fiscal Service of Ukraine (31 Universytetska Str., Irpіn, Kyiv region, 08201, Ukraine)
Email: dmutrostan@ukr.net

Reference to this article:
Pilevych, Dmytro S. (2015) “Application of the Systemic Approach to Study of Accounting.” The Problems of Economy 1:209–217.

List of references in article

Bezruchuk, S. L. “Napriamy udoskonalennia metodyky vykladannia bukhhalterskoho obliku studentam ekonomichnykh spetsialnostei“ [Areas of improvement of teaching methods of accounting students in economy]. Visnyk ZhDTU, no. 1 (63) (2013): 25-28.
Butynets, F. F., and Horetska, L. L. Bukhhalterskyi oblik u zarubizhnykh krainakh [Accounting in foreign countries]. Zhytomyr: Ruta, 2003.
Bukhhalterskyi oblik [Accounting]. Kyiv: Tsentr uchbovoi literatury, 2008.
Vasiuta-Berkut, O. I., Shepitko, H. F., and Romashevska, N. O. Teoriia bukhhalterskoho obliku [The theory of accounting]. Kyiv: MAUP, 2003.
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Honta, O. I., Dubyna, M. V., and Pilevych, D. S. Formuvannia komplementarnoi investytsiinoi polityky Ukrainy: vyklyky hlobalizatsii ta vymohy ekonomichnoi bezpeky [Formation of complementary investment policy of Ukraine: the challenges of globalization and economic security requirements]. Chernihiv, 2013.
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Lyshylenko, O. V. Bukhhalterskyi oblik [Accounting]. Kyiv: Tsentr uchbovoi literatury, 2009.
Mysaka, H. V., and Sharmanska, V. M. Bukhhalterskyi oblik [Accounting]. Kyiv: Tsentr uchbovoi literatury, 2007.
Oliinyk, Ya. V. “Pravovi imperatyvy rozvytku orhanizatsii bukhhalterskoho obliku v Ukraini v systemi makroekonomichnoho upravlinnia“ [Legal imperatives of accounting in Ukraine in the system of macroeconomic management]. Problemy ekonomiky, no. 1 (2013): 124-129.
Parkhomenko, V. M. “Reformuvannia bukhhalterskoho obliku v Ukraini: metodolohichne ta normatyvno-pravove zabezpechennia“ [Accounting Reform in Ukraine: methodological and regulatory support]. avtoref. dys. … kand. ekon. nauk : 08.06.04, 2002.
Pushkar, M. S. “Stvorennia suchasnoi systemy obliku, oriientovanoi na potreby rynkovoho seredovyshcha“ [Creating a modern management system, oriented to the needs of the market environment]. Innovatsiina ekonomika, no. 5 (2010): 92-96.
Pushkar, M. S. Filosofiia obliku [Philosophy accounting]. Ternopil: Kart-blansh, 2002.
Sadovska, I. B., Bozhydarnik, T. V., and Nahirska, K. IE. Bukhhalterskyi oblik [Accounting]. Kyiv: Tsentr uchbovoi literatury, 2013.
Smorzhaniuk, T. P. “Istoriia oblikovoi nauky“ [The history of accounting science]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu, no. 3 (2013): 97-101.
Sopko, V. V., Sopko, V. V., and Sopko, O. V. Bukhhalterskyi oblik. Zahalna teoriia bukhhalterskoho obliku [Accounting. The general theory of accounting], 2001.
Chyzhevska, L. V. “Bukhhalterskyi oblik iak profesiina diialnist: teoriia, orhanizatsiia, prohnoz rozvytku“ [Accounting as a professional activity theory, organization, development forecasts]. avtoref. dys. … dokt. ekon. nauk : 08.00.09, 2007.
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Yastrubetska, L. “Problemy ta perspektyvy udoskonalennia systemy podatkovoho obliku v Ukraini“ [Problems and prospects for improving the system of taxation in Ukraine]. Formuvannia rynkovoi ekonomiky v Ukraini, no. 19 (2009): 511-516.
Yastrubskyi, M. Ya. “Rozvytok obliku v Ukraini v konteksti mizhnarodnykh intehratsiinykh protsesiv“ [The development of accounting in Ukraine in the context of international integration processes]. Visnyk Natsionalnoho universytetu "Lvivska politekhnika", no. 721 (2012): 269-274.

Section: Economics and Enterprise Management
UDC 658.8.012.2
Pisarenko V. V., Hurzhiy N. H.
Optimization of Logistical Distribution as a Way of Improving the Sales Strategy of Meat-Processing Factories (p. 218 - 225)
The article aims to form a sales strategy of meat-processing factories, determine the mechanism of its implementation, and provide a rationale for the selected approach to optimization of the logistic distribution of meat-processing factory output at the sales stage. The work proposes a stage-by-stage scheme of carrying out the optimization procedure whose objective is minimization of transportation costs during the physical distribution of output at a sales outlet. Using the Clarke-Wright algorithm and the example of the meat-processing industry, the study allowed identifying the optimum transportation routes which take into account the location of the sales points and goods traffic volumes. A scheme of output distribution transportation routes was constructed which is optimum by the criterion of minimum costs. Practical testing of the proposed approach at the studied meat-processing enterprise allowed evaluating its effectiveness, which is manifest in shortened transportation routes – kilometrage benefit – and cost saving while transporting the output to sales outlets.
Keywords: sales strategy, distribution, transportation, optimization
Fig.: 4. Tabl.: 4. Formulae: 8. Bibl.: 11.

Pisarenko Vladimir V. – Doctor of Sciences (Economics), Associate Professor, Head of the Department, Department of Marketing, Poltava State Agrarian Academy (1/3 Skovorody Str., Poltava, 36003, Ukraine)
Email: bob_pi@ukr.net
Hurzhiy Nataliia H. – Applicant, Department of Marketing, Poltava State Agrarian Academy (1/3 Skovorody Str., Poltava, 36003, Ukraine)
Email: moy_mosg@mail.ru

Reference to this article:
Pisarenko, Vladimir V., and Hurzhiy, Nataliia H. (2015) “Optimization of Logistical Distribution as a Way of Improving the Sales Strategy of Meat-Processing Factories.” The Problems of Economy 1:218–225.

List of references in article

Lankaster, D., and Dzhobber, D. Organizatsiia sbyta [Sales organization]. Minsk: Alfeia, 2003.
Krasnorutskyi, O. O. Systemy upravlinnia zbutovoiu diialnistiu ahrarnykh pidpryiemstv: stratehiia, mekhanizmy, instrumentarii [Systems management sales management of agricultural enterprises: strategy, mechanisms, tools]. Kherson: Hrin, 2012.
Barkan, D. I. Upravlenie prodazhami [Sales management]. St. Petersburg: SPbGU, 2007.
Balabanova, L. V., and Mytrokhina, Yu. P. Stratehichne marketynhove upravlinnia zbutom pidpryiemstv [Strategic marketing management marketing companies]. Donetsk: DonNUET, 2009.
Khrupovych, S. E. Ekonomichne otsiniuvannia ta modeliuvannia systemy upravlinnia zbutovoiu diialnistiu pidpryiemstv [Economic evaluation and simulation system of sales management businesses]. Ternopil, 2011.
Stok, Dzh. R., and Lambert, D. M. Strategicheskoe upravlenie logistikoy [Strategic logistics management]. Moscow: INFRA, 2005.
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Savchenko, L. V. Optymizatsiia rishen v lohistytsi: teoriia ta praktyka [Optimization solutions in logistics: theory and practice]. Kyiv: NTU, 2008.
Kaira, Z. S., Lukianchenko, A. A., and Omelianchuk, A. I. Osnovy logistiki [Fundamentals of Logistics]. Donetsk: Yugo-Vostok, 2003.
Gubenko, V. K. Logisticheskaia tsentralizatsiia materialnykh potokov: teoriia i metodologiia logisticheskikh raspredelitelnykh tsentrov [Logistical centralization of material flows: theory and methodology of logistics distribution centers]. Donetsk: IEP, 2007.
Frolova, L. V. Lohistychne upravlinnia pidpryiemstvom: teoretyko-metodolohichni aspekty [Logistics business management: theoretical and methodological aspects]. Donetsk: DonDUET, 2004.

Section: Economics and Enterprise Management
UDC 657.471(045)
Polishchuk O. T.
The Essence and Some Accounting Aspects of Product Quality Expenses (p. 226 - 231)
The primary objective of the article consists in determination of the substance and structure of product quality expenses in the quality control system, study of the classification of quality expenses based on the accounting purposes and the form of representation in the system of accounting records for the purpose of accuracy and timeliness of the information support of the management. The article discusses the essence of quality expenses taking into account existing research findings and proposes the author’s own approach to interpretation of this category. The work studies the structural elements of quality expenses and systemizes their classification. For accounting purposes, it is proposed to classify quality expenses on the basis of principal economic processes occurring at the enterprise. The article also focuses on the theoretical and methodological approaches to accounting of quality expenses as the foundation of information support ensuring the reliability of the quality control system. The work proposes a methodology for accounting of quality expenses arising at the supply, production, and product sale stages. The study makes corresponding conclusions and determines the primary areas for further research into the accounting and analytical support of the quality control system.
Keywords: expenses, quality expenses, quality control system, accounting of quality expenses
Fig.: 1. Bibl.: 10.

Polishchuk Olena T. – Candidate of Sciences (Economics), Associate Professor, Department of Accounting, Vinnitsa Institute of Trade and Economy of Kyiv National University of Trade and Economy (87 Soborna Str., Vinnytsia, 21050, Ukraine)
Email: Brovkoelen@yandex.ru

Reference to this article:
Polishchuk, Olena T. (2015) “The Essence and Some Accounting Aspects of Product Quality Expenses.” The Problems of Economy 1:226–231.

List of references in article

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Krosbi, F. B. Kachestvo i Ya [Quality and Me]. Moscow: Standarty i kachestvo, 2008.
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Parkhomenko, V. M. Bukhhalterskyi oblik, vnutrishnii kontrol i ekonomichnyi analiz vytrat na polipshennia iakosti produktsii: problemy teorii ta metodolohii [Accounting, internal controls and economic cost analysis to improve product quality: problems of theory and methodology]. Zhytomyr: ZhDTU, 2010.
Polishchuk, O. T. “Sutnist vytrat v systemi upravlinnia iakistiu produktsii“ [The essence of the costs in the system of quality control]. http://www.vtei.com.ua/konfa/1/7.pdf
Tymriienko, I. Yu. “Upravlinskyi oblik vytrat na iakist produktsii: kontseptualnyi pidkhid, teoriia i praktyka“ [Management accounting costs for quality products: the conceptual approach theory and practice]. http://eztuir.ztu.edu.ua/1916/1/23.pdf
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Section: Economics and Enterprise Management
Sytenko D. D.
Conceptual Aspects of Studying the Substance of Corporate Restructuring (p. 232 - 241)
The article considers the basic approaches to the substance of corporate restructuring. The study describes primary factors which prompted discrepancies in the perspectives of domestic and foreign economists on the content of the corresponding category. The study also determines and substantiates basic approaches to the substance of corporate restructuring, demonstrates its role among other types of enterprise restructuring. The author identified characteristic features of corporate restructuring that were used as a foundation for the author’s own definition of the term. The study also substantiates the importance of optimization of corporate management in the process of corporate restructuring. The study includes a comparative analysis of corporate restructuring and related notions, analyzes the nature of interaction between corporate restructuring and modern economic provisions. The article also studies primary motives and factors for carrying out a corresponding type of restructuring and offers a formulated matrix of stakeholders relative to the expected corporate restructuring results.
Keywords: corporate management, corporate restructuring, reorganization, restructuring, market capitalization
Fig.: 7. Tabl.: 5. Bibl.: 33.

Sytenko Dmytro D. – Postgraduate Student, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)

Reference to this article:
Sytenko, Dmytro D. (2015) “Conceptual Aspects of Studying the Substance of Corporate Restructuring.” The Problems of Economy 1:232–241.

List of references in article

Adamov, V. E. “Organizatsionno-ekonomicheskie osnovy mekhanizma restrukturizatsii korporatsii“ [Organizational-economic bases restructuring mechanism corporation]. avtoref. dis. … kand. ekon. nauk : 08.00.05, 2011.
Azarenkova, H. M., Zhuravel, T. M., and Mykhailenko, R. M. Finansy pidpryiemstv [Finance Companies]. Kyiv: Znannia-Pres, 2009.
Baiura, D. O. “Korporatyvna restrukturyzatsiia iak chynnyk pidvyshchennia efektyvnosti korporatyvnoho upravlinnia“ [Corporate restructuring as a factor in increasing the efficiency of corporate governance]. Formuvannia rynkovykh vidnosyn v Ukraini, no. 12 (91) (2008): 3-7.
Baiura, D. O. “Transformatsiia systemy korporatyvnoho upravlinnia v Ukraini“ [Transformation of corporate governance in Ukraine]. avtoref. dys. … dokt. ekon. nauk : 08.00.04, 2010.
Gerasina, Yu. A. “Problemy strategicheskogo upravleniia korporativnoy restrukturizatsiey“ [Problems of strategic management of corporate restructuring]. Itogi i perspektivy integrirovannoy sistemy obrazovaniia v vysshey shkole Rossii: obrazovanie - nauka - innovatsionnaia deiatelnost. Moscow: MGIU, 2011. 523-526.
Karpun, I. N. Sanatsiia pidpryiemstv [Remediation companies]. Lviv: Mahnoliia-2006, 2008.
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Section: Economics and Enterprise Management
UDC 330.46:658.8
Skitsko V. I.
Analysis and Modeling of the Synergizing Effect of Logistical Systems at the Microeconomic Level (p. 242 - 248)
Logistical systems, in particular, those operating at the microeconomic level, are complex systems whose components are constantly interacting in a coordinated manner, which may result in the synergizing effect, and one must know how to evaluate it with a view to taking it into account for substantiation of decisions and managerial decision making. This study describes such types of the synergizing effect of logistical systems as: the effect of interpersonal interaction; managerial; investment-related; financial; operational; trade; marketing types; interaction of an individual and modern information and communication means and technologies; informational type. The study points out that the synergizing effect of logistical systems may manifest itself in the following way: minimization of overall spending within the logistical system; increase in the desired result of logistical system functioning; growing competitive advantages within the logistical system. The work studies a series of directions in the development of economic and mathematical models for evaluation and forecasting of the synergizing effect using, in particular, correlation and regression analysis, mathematical programming tools, etc. The synergizing effect is an important and complex phenomenon of the logistical system and its functioning environment, for which reason it appears difficult to construct a single general mathematical model for evaluation of such an effect for any possible logistical system. This work can serve as a reference point for further research, first of all, in the area of development of economic and mathematical models for evaluation and forecasting of the synergizing effect for specific logistical systems using the modern tools of analytical and simulation modeling.
Keywords: synergy, synergizing effect, logistical system
Formulae: 2. Bibl.: 13.

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:
Skitsko, Volodymyr I. (2015) “Analysis and Modeling of the Synergizing Effect of Logistical Systems at the Microeconomic Level.” The Problems of Economy 1:242–248.

List of references in article

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Novikov, V. A., Vankovich, G. R., and Suares, L. I. “Metodika opredeleniia reytinga vnutrennego sinergizma kollektivnoy sistemy“ [Method of determining the internal rating system of collective synergies]. http://media.miu.by/files/store/items/eiup/30/eiu_30_2012_7.pdf

Section: Economics and Enterprise Management
UDC 658.2+658.5
Skrynkovskyy R. M.
Diagnostics of Utilization of the Human, Material, Financial, and Energy Resources of the Enterprise as a Tool for Management of the Elements of Its Production and Commercial Operations (p. 249 - 254)
The article reveals the substance of such economic categories as “production and commercial operations of the enterprise”, “human resources of the enterprise”, “material resources of the enterprise”, “financial resources of the enterprise”, and “energy resources of the enterprise”. A system of diagnostics of utilization of the human, material, financial, and energy resources of the enterprise was developed. The following business indicators of the described system were established to be the key ones: 1) the indicator of the level of utilization of human resources (the human resources utilization rate; the average worker efficiency rate per one worker annually; the labor productivity indicator; the labor-output ratio; the working time fund utilization indicator; the production labor supply indicator; the salary level indicator, etc.); 2) the indicator of the level of utilization of the material resources of the enterprise (the indicator of the cost of material resources; the indicator of the material security of the enterprise; material capacity; materials-output ratio; indicator of supplies turnover; the share of materials in the product manufacturing cost, etc.); 3) the indicator of the level of utilization of the financial resources of the enterprise (the indicator of the cost of the resources mobilized by the enterprise; the indicator of the resource mobilization term of the enterprise; the share of resources borrowed by the enterprise; the share of own financial resources of the enterprise; the share of mobilized financial resources of the enterprise; the share of the need of the enterprise for financial resources; the indicator of the ratio of borrowed and own financial resources, etc.); 4) the indicator of the level of utilization of energy resources of the enterprise (the indicator of the product energy intensity; the product energy efficiency indicator; the indicator of the energy provision for the work of the enterprise staff; the equipment energy saving indicator; the indicator of the cost of fuel and lubrication resources; the indicator of electric power prices and tariffs).
Keywords: enterprise, production and commercial operations; diagnostics; resources; business indicators
Fig.: 1. Formulae: 5. Bibl.: 15.

Skrynkovskyy Ruslan M. – Candidate of Sciences (Economics), Associate Professor, Department of Business Economy and Information Technology, Lviv University of Business and Law (99 Kulparkіvska Str., Lviv, 79021, Ukraine)
Email: uan_lviv@ukr.net

Reference to this article:
Skrynkovskyy, Ruslan M. (2015) “Diagnostics of Utilization of the Human, Material, Financial, and Energy Resources of the Enterprise as a Tool for Management of the Elements of Its Production and Commercial Operations.” The Problems of Economy 1:249–254.

List of references in article

Oliinyk, Ye. O. “Kryterii otsinky trudovykh resursiv ahrarnoho pidpryiemstva“ [The evaluation criteria of manpower agricultural enterprise]. Visnyk Berdianskoho universytetu menedzhmentu i biznesu, no. 3 (15) (2011): 71-74.
Zhytnyk, T. P. “Upravlinnia vykorystanniam trudovykh resursiv v silskohospodarskykh pidpryiemstvakh“ [Management of human resources in agricultural enterprises]. avtoref. dys. … kand. ekon. nauk : 08.00.04, 2007.
Cherep, A. V., and Syomchenko, V. V. “Metodychni osnovy otsinky efektyvnosti vykorystannia trudovykh resursiv na pidpryiemstvakh kharchovoi promyslovosti“ [Methodical bases assess the effectiveness of labor resources in the food industry]. Visnyk ZhDTU, no. 4 (54) (2010): 348-350.
Perebyinis, V. I., and Zhytnyk, T. P. Upravlinnia vykorystanniam trudovykh resursiv na pidpryiemstvakh [Management of human resources in enterprises]. Poltava: RVTs PUSKU, 2008.
Melnyk, O. H. Systemy diahnostyky diialnosti mashynobudivnykh pidpryiemstv: polikryterialna kontseptsiia ta instrumentarii [Diagnostic systems of machine-building enterprises: polycriterial concept and tools]. Lviv: Vyd-vo Lvivskoi politekhniky, 2010.
Mochernyi, S. V. Ekonomichna entsyklopediia [Economic Encyclopedia]. Kyiv: Akademiia, 2001.
Yershova, N. Yu. “Udoskonalennia metodychnykh pidkhodiv do otsinky efektyvnosti vykorystannia materialnykh resursiv na promyslovykh pidpryiemstvakh“ [Improving methodological approaches to evaluating the effectiveness of material resources in the industry]. Visnyk NTU «KhPI». Seriia «Tekhnichnyi prohres ta efektyvnist vyrobnytstva», no. 38 (2009): 103-110.
Kravtsova, A. M. “Mekhanizm formuvannia ta efektyvnoho vykorystannia finansovykh resursiv mashynobudivnoho pidpryiemstva“ [The mechanism of formation and effective use of financial resources engineering enterprise]. avtoref. dys. … kand. ekon. nauk : 08.00.04, 2008.
Oleksandrenko, I. V. “Metodychni pidkhody do diahnostyky efektyvnosti diialnosti pidpryiemstva“ [Methodological approaches to diagnosis efficiency of the enterprise]. Ekonomichnyi forum, no. 4 (2013): 126-136.
Viatkin, P. S. “Faktory zabezpechennia potreb v resursakh silskohospodarskykh pidpryiemstv“ [Factor of the resource requirements of agricultural enterprises]. Ekonomichnyi prostir, no. 60 (2012): 176-181.
Zakharova, O. V. “Ekonomichni problemy vykorystannia enerhetychnykh resursiv pidpryiemstv v umovakh pidpryiemnytskoi diialnosti“ [Economic problems using energy enterprises in the business environment]. Visnyk NU «Lvivska politekhnika», no. 417 (2001): 108-111.
Shapurov, O. O. “Upravlinnia vyrobnycho-hospodarskoiu diialnistiu mashynobudivnykh pidpryiemstv v umovakh rynku“ [Management of industrial and economic activity of enterprises in the engineering market]. avtoref. dys. … kand. ekon. nauk : 08.00.04, 2010.
Semenov, G. A., and Semenov, A. G. Organizatsiia i planirovanie khoziaystvennoy deiatelnosti na predpriiatii [Organization and planning of economic activity in the enterprise]. Zaporozhe: ZGIA, 2001.
Wernerfelt, B. “A resource-based view of the firm“Strategic Management Journal, no. 6 (2002): 178-203.
Barney, J. “Firm resources and sustained competitive advantage“Journal of Management, no. 2 (2002): 58-65.

Section: Economics and Enterprise Management
UDC 658.589
Grynko T. V., Maksimchuk A. S.
The Issues and Prospects for the Innovative Development of Domestic Service-Oriented Companies (p. 255 - 260)
The article aims to identify the current issues and obstacles interfering with the innovative development of service-oriented companies and to substantiate proposed practical solutions to these issues in the present-day turbulent environment. The article analyzes trends in the volumes of services provided in Ukraine, investment trends in the country’s transportation service industry, the volume of transportation services exported by domestic enterprises within the time frame of 2009-2013. The article also investigates the innovative activity level of Ukrainian transportation enterprises on the basis of analysis of the volume of research and development projects in the transportation sector and investment trends in the Ukrainian transportation service industry. The work identifies the issues arising in the innovative development of the transportation industry and outlines the methods of solving them.
Keywords: innovative development, service industry, transportation enterprise, trends, investment
Tabl.: 5. Bibl.: 8.

Grynko Tetiana V. – Doctor of Sciences (Economics), Professor, Professor, Department of Business Economics and Enterprise Management, Oles Honchar Dnipro National University (72 Nauky Ave., Dnіpro, 49010, Ukraine)
Email: greisy25@gmail.com
Maksimchuk Alexander S. – Applicant, Department of Economics and Business Management, Oles Honchar Dnipro National University (72 Nauky Ave., Dnіpro, 49010, Ukraine)
Email: o.s.maksimchyk@gmail.com

Reference to this article:
Grynko, Tetiana V., and Maksimchuk, Alexander S. (2015) “The Issues and Prospects for the Innovative Development of Domestic Service-Oriented Companies.” The Problems of Economy 1:255–260.

List of references in article

Latsonik, U. “Teoriia innovatsionnogo predpriiatiia“ [The theory of innovative enterprise]. In Terra economicus : sb. statey rossiyskikh i zarubezhnykh ekonomistov nachala XXI vekaMoscow: Nauka-Spektr, 2008.
Piliushenko, V. L., and Arakelova, I. O. “Stratehiia innovatsiinoho upravlinnia sferoiu posluh na osnovi marketynhovoho pidkhodu“ [Strategy Innovation Management service industry based marketing approach]. Marketynh i menedzhment innovatsii, no. 4 (2013): 133-142.
Vodianka, L. D., and Bykanova, O. V. “Rozvytok innovatsiinoi diialnosti u sferi posluh“ [The development of innovation in services]. http://www.confcontact.com/20120322/4_vodyanka.php
Ofitsiinyi sait Derzhavnoho komitetu statystyky. http://www.ukrstat.gov.ua
Hurch, L. M., and Chenchyk, A. A. “Marketynhove doslidzhennia rynku transportnykh posluh Ukrainy“ [Market Research Ukraine transport services]. http://vlp.com.ua/files/23_22.pdf
Korniiko, Ya. R. “Suchasnyi rozvytok transportnoi systemy Ukrainy“ [Modern development of transport system of Ukraine]. http://jrnl.nau.edu.ua/index.php/PPEI/article/viewFile/3092/3046
Mykhailychenko, K. M. “Innovatsii iak chynnyk modernizatsii transportno-dorozhnyoho kompleksu Ukrainy“ [Innovation as a factor in upgrading the transport system of Ukraine]. Visnyk ekonomiky i transportu promyslovosti, no. 44 (2013): 64-70.
Kucheriavenko, S. Yu. “Sutnist innovatsiino-investytsiinoho rozvytku pidpryiemstv sfery posluh“ [The essence of innovation and investment service companies]. Teoretychni i praktychni aspekty ekonomiky ta intelektualnoi vlasnosti, no. 1 (2012): 44-47.

Section: Economics and Enterprise Management
UDC 338.48
Chepurda L. M., Tankov K. M.
Symptom Analytics of Business in the Service Industry (p. 261 - 265)
The work focuses on the characteristic aspects of current problems of businesses in the service industry which are associated with the necessity of taking into account the rates of change in the technological capabilities of an enterprise. It is noted that a multistage process is typical for the development of an actual production and service system. At the same time, statistical data on changes in certain parameters of such a system reflect the results of the simultaneous influence of factors arising for objective reasons. The work demonstrates the critical importance of the fact that the development of any production and service system cannot have any natural boundaries: periods of accelerated growth in service provision interchange with periods of slower rates of interaction with consumers on receiving positive results. Periods of accelerated growth witness realization of new technological capabilities that have been determined during the periods of slower rates of interaction. The article offers a conceptual model of change in the technological capabilities of an enterprise from the service industry which reflects the character of formation and realization of strategic decisions on mixed investment in the development of the production and service system. This provides further support for the existing technological capabilities provided that new technological capabilities are simultaneously developed through more efficient choice of resources and their combination than that of the competitors.
Keywords: symptom analytics, business in the service industry, technological capabilities, model of change in the technological capabilities
Fig.: 2. Bibl.: 11.

Chepurda Larisa M. – Doctor of Sciences (Economics), Associate Professor, Head of the Department, Department of Tourism and Hotel and Restaurant Business, Cherkasy State Technological University (460 Shevchenka Blvd., Cherkasy, 18006, Ukraine)
Email: unicorn1963@bk.ru
Tankov Kostiantyn M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Tourism and the hotel and restaurant business, Cherkasy State Technological University (460 Shevchenka Blvd., Cherkasy, 18006, Ukraine)
Email: tankovkn@ya.ru

Reference to this article:
Chepurda, Larisa M., and Tankov, Kostiantyn M. (2015) “Symptom Analytics of Business in the Service Industry.” The Problems of Economy 1:261–265.

List of references in article

Voronkov, D. K., and Pohorielov, Yu. S. Rozvytok pidpryiemstva: upravlinnia zminamy ta innovatsii [Development Company: change management and innovation]. Kharkiv: AdvAtm, 2009.
Grant, R. “Resursnaia teoriia konkurentnykh preimushchestv: prakticheskie vyvody dlia formirovaniia strategii“ [Resource-based theory of competitive advantage: practical implications for strategy formation]. Vestnik SPbGU. Seriia «Menedzhment», no. 3 (2003): 47-75.
Ihnatiieva, I. A. Stratehichnyi menedzhment [Strategic Management]. Kyiv: Karavela, 2008.
Katkalo, V. S. “Resursnaia kontseptsiia strategicheskogo upravleniia: genezis osnovnykh idey i poniatiy“ [Resource concept of strategic management: genesis of the basic ideas and concepts]. Vestnik SPbGU. Seriia «Menedzhment», no. 4 (2002): 20-42.
Kleyner, G. B. “Resursnaia teoriia sistemnoy organizatsii ekonomiki“ [Resource-based theory of systemic organization of the economy]. Rossiyskiy zhurnal menedzhmenta, no. 3 (2011): 3-28.
Nelson, R., and Uinter, S. Evoliutsionnaia teoriia ekonomicheskikh izmeneniy [Evolutionary Theory of Economic Change]. Moscow: Finstatinform, 2000.
Nort, D. Ponimanie protsessa ekonomicheskikh izmeneniy [Understanding the process of economic change]. Moscow: ID GU - Vysshaia shkola ekonomiki, 2010.
Sukharev, O. S. Ekonomika budushchego: teoriia institutsionalnykh izmeneniy (novyy evoliutsionnyy podkhod) [The economy of the future: the theory of institutional change (a new evolutionary approach)]. Moscow: Finansy i statistika, 2011.
Sukharev, O. S. “Institutsionalnaia teoriia tekhnologicheskikh izmeneniy: opredeleniia, klassifikatsiia, modeli“ [Institutional theory of technological change: definition, classification, models]. Zhurnal institutsionalnykh issledovaniy, no. 1 (2014): 84-107.
Trydid, O. M., Tankov, K. M., and Dutka, H. Ya. Systema obsluhovuvannia spozhyvacha: teoriia i praktyka [The system of customer service: Theory and Practice]. Kyiv: UBS NBU, 2008.
Chepurda, L. M., and Tankov, K. M. “Kliuchovi kompetentsii iak bazova katehoriia system obsluhovuvannia spozhyvacha“ [Key competencies as a basic category of customer service]. Biznes Inform, no. 10 (2014): 225-229.

Section: Finance and banking
UDC 336.761:657.423.2:336.767.4
Zeldis V. V.
Organization of Trade in Derivatives at Stock Exchanges of Ukraine and the World (p. 266 - 273)
The article deals with analysis of the world derivative trade volumes in view of stock exchanges, tools, and categories. It is argued that the derivative segment of the exchange market is still in the making in Ukraine. The article considers the preconditions, operational characteristics, procedural rules for the trade in futures and stock options; the current practice of futures and options margining, settlement of derivative deals, provision of quotations for the corresponding deals, characteristic features of the domestic exchange derivative market. In the context of reliability crisis of the national financial system, in order to avoid numerous difficulties occurring within the derivative segment of the exchange market of Ukraine, it is recommended that small speculators as well as representatives of the small and medium-sized business sector requiring up-to-date risk management tools pay attention to the world centers of the exchange trade in derivatives.
Keywords: derivative, stock exchange, futures, option, margin, quotation, settlement
Tabl.: 4. Bibl.: 18.

Zeldis Vadim V. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Mykolaiv Interregional Institute of Open University of Human Development «Ukraine» (22 2 Vіiskova Str., Mykolaiv, 54000, Ukraine)
Email: vzel@outlook.com

Reference to this article:
Zeldis, Vadim V. (2015) “Organization of Trade in Derivatives at Stock Exchanges of Ukraine and the World.” The Problems of Economy 1:266–273.

List of references in article

“FIA Annual Volume Survey: Trading Falls 15.3% in 2012“ Futures Industry Associations. http://www.futuresindustry.org/downloads/FI-2012_Volume_Survey.pdf
“Informatsiia pro torhy“ [Brands]. Ukrainska birzha. http://www.ux.ua/ru/marketdata/marketresults.aspx.%20Оновлено%2028.11.2013
“Exchange traded derivatives statistics“ Bank of International Settlements. http://www.bis.org/statistics/r_qa1309_hanx23a.pdf; http://www.bis.org/statistics/r_qa1309_hanx23b.pdf
“Over 94% of the World's Largest Companies Use Derivatives to Help Manage Their Risks, According to ISDA Survey: News Release“ International Swaps and Derivatives Association, Inc. http://www2.isda.org/attachment/MTY2MQ==/press042309der.pdf
“What Are E-mini Futures? The Essential Facts“ http://emini-watch.com/emini-trading/emini-futures/
“Market data: Volume and Open Interest“ CME Group. http://www.cmegroup.com/market-data/volume-open-interest//
“Arkhiv zvitiv pro misiachnyi obsiah, vidkrytyi interes i serednyodennyi obsiah za ostannii rik“ [Archive reports on monthly volume, open interest and average daily volume over the last year]. CME Group. http://ftp.cmegroup.com/webmthly/201310.zip
“Instrumenty“ [Tools]. Ukrainska birzha. http://www.ux.ua/ua/contracts.aspx
“Finansovi instrumenty strokovoho rynku“ [Financial Instruments spot market]. Fondova birzha Perspektyva. http://fbp.com.ua/Trade/ForwardMarketPage.aspx
“Clearing: Margins - CME Group“ CME Group. http://www.cmegroup.com/clearing/margins/#e=all&a=all&p=all
“Garantiynoe obespechenie po fiuchersnym kontraktam“ [Guarantee provision for futures contracts]. Moskovskaia birzha. http://moex.com/ru/derivatives/go.aspx?type=F
“Daily Settlement Times Details“ CME Group. http://www.cmegroup.com/market-data/settlements/settlements-details.html
“Settlement Windows by Contract“ ICE: IntercontinentalExchange, Inc. https://www.theice.com/publicdocs/futures_us/Settlement_Window.pdf
“Expansion of Extended Trading Hours for CBOE Volatility Index (VIX) Futures“ CBOE. http://cfe.cboe.com/tradecfe/ETH.aspx
“E-mini S&P 500 Options“ CME Group. http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_contractSpecs_options.html
“E-mini NASDAQ-100 Options“ CME Group. http://www.cmegroup.com/trading/equity-index/us-index/e-mini-nasdaq-100_contractSpecs_options.html
“CBOE Mini Options“ CBOE. http://www.cboe.com/micro/mini/
“CBOE Margin Manual“ CBOE. http://www.cboe.com/LearnCenter/pdf/margin2-00.pdf

Section: Finance and banking
UDC 336.7
Melnychenko O. V.
Application of Methods of the Waiting Line Theory in Economic Analysis of Operations with Electronic Money (p. 274 - 279)
The article focuses on the study of the waiting line theory and application of its methods and principles while analyzing operations with electronic money in cash desks of various establishments, among them commercial enterprises and banks. The work analyzes cashiers’ operating results on the basis of data from the real sector of economy. The author proposes a mechanism for analysis of cashiers’ work taking into account the factors which have an effect on their operating results reflected in the number of customers served per unit of time. Besides, the author conducted modeling of changes in the indices of the cash desk performance capacity based on the results of replacement of methods that customers use to put money into the cash desk: transition to non-cash transactions by using only bank cards and electronic money. The study proves that decreased amount of time that customers spend on paying for goods or, for example, settling bills in bank cash desks, influences the cashier’s operating efficiency by increasing the customer traffic, as well as the quality of customer service and reduction in costs associated with maintenance of the cash operating units.
Keywords: electronic money, economic analysis, waiting line theory, cash desk performance capacity
Fig.: 3. Tabl.: 1. Formulae: 5. Bibl.: 8.

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. (2015) “Application of Methods of the Waiting Line Theory in Economic Analysis of Operations with Electronic Money.” The Problems of Economy 1:274–279.

List of references in article

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Kovalenko, I. N. “Teoriia massovogo obsluzhivaniia“ [Queuing theory]. Itogi nauki. Seriia «Teoriia veroiatnostey 1963» (1965): 73-125.
Lozhkovskyi, A. H. Teoriia masovoho obsluhovuvannia v telekomunikatsiiakh [Queueing theory in telecommunications]. Odesa: ONAZ im. O. S. Popova, 2010.
Khinchin, A. Ya. Matematicheskie metody teorii massovogo obsluzhivaniia [Mathematical methods of queuing theory]. Moscow: Izd-vo AN SSSR, 1955.
Erlang, A. “The theory of probabilities and telephone conversations“Nyt Tidsskrift for Matematik B vol. 20 (1909): 33-39.
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Palm, C. “Intensitatsschwankungen im Fernsprechverkehr“Ericsson Technics vol. 44 (1943): 1-189.
Sztrik, J. Basic Queueing TheoryHungary: University of Debrecen, Faculty of Informatics, 2012.

Section: World economy and international relations
UDC 336.77.067.32
Prokopenko V. Y., Sviatokum I. O.
Characteristic Features and Types of Use of Mortgage-Backed Bonds in European States (p. 280 - 284)
The article deals with mortgage instruments used in European economies. Scientific research focusing on the European mortgage market was analyzed. The article also considers the substance and distinctive features of mortgage-backed bonds – a mortgage-backed security type characteristic of the European market. The article discusses characteristic features of covered bonds, analyzes the basic emission models for such securities, their strengths and weaknesses. The work describes approaches to construction of models of mortgage-backed security emission and singles out a series of essential risks linked to operations of issuers of mortgage-backed securities.
Keywords: mortgage-backed securities, mortgage-backed bonds, credit institutions, special purpose entity
Bibl.: 13.

Prokopenko Valeriia Yu. – Doctor of Sciences (Economics), Professor, Director, International Institute of Innovative Educational Technologies (office 1-3, 7/9 Karazina Str., Kharkiv, 61002, Ukraine)
Email: pvu9@ukr.net
Sviatokum Ihor O. – Applicant, Kharkiv National University of Internal Affairs (27 Lva Landau Ave., Kharkіv, 61080, Ukraine)

Reference to this article:
Prokopenko, Valeriia Yu., and Sviatokum, Ihor O. (2015) “Characteristic Features and Types of Use of Mortgage-Backed Bonds in European States.” The Problems of Economy 1:280–284.

List of references in article

Bazylevych, V. D., and Pohorieltseva, N. P. Ipotechnyi rynok [Mortgage market]. Kyiv: Znannia, 2008.
Liutyi, I. O., Savych, V. I., and Kalivoshko, O. M. Ipoteka: suchasni kontseptsii, tendentsii superechnosti rozvytku [Mortgages: current concepts, trends of contradictions]. Kyiv: Tsentr uchbovoi literatury, 2009.
“Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to under takings for collective investment in transferable securities (UCITS)“. http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0065-20130620
Schwarcz, Steven L. “The Conundrum of Covered Bonds“Business Lawye, no. 66 (2011): 561-586.
“European Covered Bond Council. 2014 ECBC European Covered Bond Fact Book“. http://ecbc.hypo.org/Content/Default.asp?PageID=367
Beirne, J. et al. “European Central Bank. The Impact of the Eurosystem's Covered Bond Purchase Programme on the Primary and Secondary Markets“. http://ssrn.com/abstract_id=1646280
Korzhenevskaia, V. “Metodiki sekiuritizatsii“ [Securitization techniques]. Bankauski vesnik, no. 28 (501) (2010): 20-25.
http://www. ecb. europa. eu/pub/pdf/other/coverbondsintheeufinancialsystem200812en_en. pdf.
Stocker, O. “Covered bond models in Europe: fundamentals on legal structures“Housing Finance International, Winter (2011): 32-40.
“Lov om andring af lov om finansiel virksomhed og forskellige andre love“. https://www.retsinformation.dk/forms/r0710.aspx?id=27608
“Code monetaire et financier. Version consolidee au 17 novembre 2014“. http://www.legifrance.gouv.fr/affichCode.do;jsessionid=F7931F483E02B0726AC24D2CA8E0E1BE.tpdjo09v_2?cidTexte=LEGITEXT000006072026&dateTexte=20141202
Sviatokum, I. O. “Dosvid zaprovadzhennia ipotechnykh tsinnykh paperiv u krainakh Tsentralnoi IEvropy“ [Experience the introduction of mortgage securities in Central Europe]. Visnyk Chernihivskoho natsionalnoho tekhnichnoho universytetu, no. 4 (2012): 276-281.
Lassen, T. “Specialization of Covered Bond Issuers in Europe“Housing Finance International vol. 20, no. 2 (2005): 3-12.

Section: Economic theory
UDC 657.1
Budko O. V.
Modeling the System of Accounting and Analytical Support of Economic Entities in the Context of Sustainable Development (p. 285 - 291)
The article aims to provide a rationale for a model of the system of accounting and analytical support of the sustainable development of economic entities which presupposes singling out the interrelations of its components and enhancement of the accuracy and completeness of information formed in the corresponding subsystems in order to develop effective managerial decisions. The study allowed determining a model of accounting and analytical support which meets the information needs of the sustainable development of an economic entity. The article specifies that its basis will be formed by the theoretical, methodological, organizational, and technological components which are determined by trends in the development of socioeconomic relationships. The article describes the constructed model of the system of accounting and analytical support that enabled establishing the essence of its components and connections between them. Prospects for further research consist in the development of models for each of the elements of the system of accounting and analytical support which determine the quality of its operation in the context of sustainable development.
Keywords: modeling, sustainable development, system of accounting and analytical support, methodology, organization
Fig.: 4. Bibl.: 20.

Budko Oksana V. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Finance and Accounting, Dniprovsk State Technical University (2 Dniprobudivska Str., Kamianske, Dnipropetrovsk region, 51900, Ukraine)
Email: bisnescon@ukr.net

Reference to this article:
Budko, Oksana V. (2015) “Modeling the System of Accounting and Analytical Support of Economic Entities in the Context of Sustainable Development.” The Problems of Economy 1:285–291.

List of references in article

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Velsh, H. A., and Short, D. H. Osnovy finansovoho obliku [Fundamentals of Financial Accounting]. Kyiv: Osnovy, 1999.
Yevdokymov, V. V. “Modeliuvannia systemy bukhhalterskoho obliku: teoriia i praktyka zastosuvannia“ [Modeling accounting systems: theory and practice application]. avtoref. dys. … kand. ekon. nauk : 08.06.04, 2005.
Zhuk, V. M. Bukhhalterskyi oblik: shliakhy vyrishennia problem praktyky i nauky [Accounting: solutions to the problems of science and practice]. Kyiv: NNTs «Instytut ahrarnoi ekonomiky», 2012.
Kolvakh, O. I. Situatsionno-matrichnoe modelirovanie v bukhgalterskom uchete i balansovedenii [Situationally-matrix modeling in accounting and balansovedenii]. Moscow: Vuzovskaia kniga, 2010.
Krutova, A. S. “Metod bukhhalterskoho obliku v umovakh informatsiinoho suspilstva“ [The method of accounting in the information society]. Ekonomichna stratehiia i perspektyvy rozvytku sfery torhivli ta posluh, no. 1 (1) (2009): 206-217.
Maliuga, N. M. “Modelirovanie kak instrument obespecheniia prognosticheskoy funktsii bukhgalterskogo ucheta“ [Modeling as a tool for forecasting function of accounting]. Vestnik NTU «KhPI», no. 8 (2005): 175-177.
Marenych, T. H. “Modeliuvannia systemy bukhhalterskoho obliku“ [Modeling accounting system]. http:/khntusg.com.ua/files/sbornik/vestnik_137/04.pdf
Osmiatchenko, V. O. “Vplyv informatsiinykh tekhnolohii na pryntsypy i funktsii bukhhalterskoho obliku“ [Impact of Information Technology on principles and accounting functions]. http://sepd.tntu.edu.ua/images/stories/pdf/2014/14ovofbo.pdf
Paliy, V. F., and Sokolov, Ya. V. Teoriia bukhgalterskogo ucheta [Accounting Theory]. Moscow: Finansy i statistika, 1988.
Prodanchuk, M. A. “Instytutsionalna ekonomichna teoriia u formuvanni metodolohii bukhhalterskoho obliku“ [Institutional economic theory in shaping accounting methodology]. Visnyk Kharkivskoho natsionalnoho ahrarnoho universytetu im. V. V. Dokuchaieva. Seriia «Ekonomichni nauky», no. 5 (2014): 146-155.
Rashitov, R. S. Logiko-matematicheskoe modelirovanie v bukhgalterskom uchete [Logical-mathematical modeling in accounting]. Moscow: Finansy, 1979.
Sidorova, M. I. “Razvitie modeley bukhgalterskogo ucheta v usloviiakh informatsionnykh tekhnologiy“ [Development of a model of accounting in terms of information technology]. avtoref. dis. … d-ra ekon. nauk : 08.00.12, 2013.
Sokolov, Ya. V. “Modelirovanie i ego rol v bukhgalterskom uchete“ [Modeling and its role in accounting]. Bukhgalterskiy uchet, no. 6 (1996): 3-8.
Sopko, V. V. Osnovy naukovykh doslidzhen [Basic scientific research]. Kyiv: NMKVO, 1990.
Shaposhnikov, A. A. Klassifikatsionnye modeli v bukhgalterskom uchete [Classification models in accounting]. Moscow: Finansy i statistika, 1982.
Shyhun, M. M. “Rozvytok teorii ta metodolohii modeliuvannia systemy bukhhalterskoho obliku“ [Development of the theory and methodology of simulation accounting system]. avtoref. dys. … d-ra ekon. nauk : 08.00.09, 2010.
Shilova, L. F. “Metodologiia formirovaniia i instrumentariy bukhgalterskoy otchetnosti“ [Methodology of formation and instruments of financial statements]. avtoref. dis. … d-ra ekon. nauk : 08.00.12, 2010.
Shpak, V. A. “Kontseptualna model orhanizatsii systemy bukhhalterskoho obliku“ [Conceptual model of accounting]. Visnyk Lvivskoi komertsiinoi akademii. Seriia ekonomichna, no. 36 (2011): 450-453.
Yaremko, I. I. Ekonomichni katehorii v metodolohii obliku [Economic category in accounting methods]. Lviv: Kameniar, 2002.

Section: Economic theory
UDC 005.336.4
Vlasenko T. A., Vasylenko Y. V.
Theoretical and Methodological Aspects of Defining the Intellectual Capital (p. 292 - 298)
The work generalizes theoretical approaches to defining the term “intellectual capital” using the tools of morphological analysis. The authors list key characteristics of the intellectual capital as a type of capital and describe the features which are only inherent in this type of capital. Morphological analysis allowed singling out basic categories of the intellectual capital: an asset capable of yielding profits, an asset and a competitiveness factor, a process and knowledge, skills. By combining morphological decomposition and analysis of characteristic aspects of basic approaches to defining the intellectual capital, the authors developed their own definition of the studied category: as intellectual assets represented by human and machine intelligence and intellectual products having economic value and usable in production and exchange for the purpose of generating income, ensuring competitiveness of the enterprise.
Keywords: capital, intellectual capital, approaches to defining the intellectual capital, asset
Fig.: 1. Tabl.: 3. Bibl.: 20.

Vlasenko Tetiana A. – Candidate of Sciences (Economics), Senior Lecturer, Department of Organization of Production, Business and Management, Kharkiv P. Vasylenko National Technical University of Agriculture (44 Alchevskykh Str., Kharkiv, 61002, Ukraine)
Email: tatyanavlasenko2011@gmail.com
Vasylenko Yulia V. – Postgraduate Student, Department of Public Administration, Public Administration and Regional Economics, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: www.jui.ru@mail.ru

Reference to this article:
Vlasenko, Tetiana A., and Vasylenko, Yulia V. (2015) “Theoretical and Methodological Aspects of Defining the Intellectual Capital.” The Problems of Economy 1:292–298.

List of references in article

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Inozemtsev, V. L. “Teoriia postindustrialnogo obshchestva kak metodologicheskaia paradigma rossiyskogo obshchestvovedeniia“ [The theory of post-industrial society as a methodological paradigm of Russian social science]. Voprosy filosofii, no. 10 (1997).
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Komarov, S. V., and Mukhametshin, A. N. “Poniatie, struktura i vzaimodeystvie elementov intellektualnogo kapitala“ [Concept, structure and interaction of the elements of intellectual capital]. Vestnik YuUrGU. Seriia «Ekonomika i menedzhment» vol. 7, no. 3 (2013): 93-100.
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Nykyforov, A. IE. “Intelektualnyi potentsial ta intelektualnyi kapital: kryterii rozmezhuvannia“ [Intellectual potential and intellectual capital: the criteria for differentiation]. Problemy nauky, no. 6 (2011): 2-6.
Petrenko, V. P. Intelektualni resursy sotsialno-ekonomichnykh system: aspekty innovatsiinoho upravlinnia [Intellectual resources of socio-economic systems: aspects of innovation management]. Ivano-Frankivsk: PP Kuryliuk V. D., 2009.
Polishchuk, O. “Poniattia i rol intelektualnoho kapitalu v rozvytku suchasnykh pidpryiemstv“ [The concept and role of intellectual capital in the development of modern enterprises]. http://feu.kneu.edu.ua/ua/confere_nce/conf_social_dev_ukr_12/section4/polischuk/
Tis, Dzh. “Poluchenie ekonomicheskoy vygody ot znaniy kak aktivov: «novaia ekonomika», rynki nou-khau i nematerialnye aktivy“ [Economic benefits from the knowledge assets as "new economy", the markets know-how and intangible assets]. Rossiyskiy zhurnal menedzhmenta, no. 1 (2004): 12-17.
Topilnytska, Ya. “Intelektualnyi kapital ta intelektualnyi potentsial: vzaiemoobumovlenist ta rozmezhuvannia katehorii“ [Intellectual capital and intellectual potential, interdependence and differentiation categories]. Efektyvnist derzhavnoho upravlinnia, no. 33 (2012): 353-362.
Trofymova, O. “Standartyzovana systema «investory v liudei»“ [Standardized "Investors in People"]. Standartyzatsiia, sertyfikatsiia, iakist, no. 1 (2001): 59-61.
Yastremska, M., Ripka, D. O., and Volikov, V. V. “Intelektualnyi kapital pidpryiemstva: problemy vyznachennia ta otsinky“ [Intellectual capital firm: problems of definition and evaluation]. http://repository.hneu.edu.ua/jspui/bitstream/

Section: Economic theory
UDC 336.011;336.012.23
Ryazanova N. S.
The Financial Market as an Economic Category: Its Characteristic Features, Social Purpose, and Functions in the Modern Information Society (p. 299 - 312)
The article aims to study the financial market as an economic category with its characteristic features, objective socioeconomic purpose realized through the financial market functions. As an economic category, the financial market is essentially a system of economic relations whose subject matter is monetary capital and the objective is realization of its movement towards a higher rate of return. The article substantiates that the characteristic features of the financial market of the present-day information age are its heterogeneity, a high level of uncertainty, a trend towards globalization, and a focus on innovation. Each of the features, having multiple manifestation aspects, is closely connected with the other features. The socioeconomic purpose of the financial market consists in realization of the monetary capital movement. The objective functions of the market are the accumulative, investment, price, and information functions. The article also considers the connection between the economic category of the financial market and the other financial categories and observes the connection between the financial market and the financial service market.
Keywords: investment function of the financial market, information function of the financial market, accumulative function of the financial market, socioeconomic purpose of the financial market, financial market, financial market as an economic category, characteri
Bibl.: 29.

Ryazanova Nadiya S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Financial Markets, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: nryazanova@yahoo.com

Reference to this article:
Ryazanova, Nadiya S. (2015) “The Financial Market as an Economic Category: Its Characteristic Features, Social Purpose, and Functions in the Modern Information Society.” The Problems of Economy 1:299–312.

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Yatsenko, A. V. Derzhavne rehuliuvannia investytsiino-innovatsiinoi diialnosti v hlobalnomu ekonomichnomu seredovyshchi [State regulation of investment and innovation in the global economic environment]. Kyiv: KNEU, 2010.
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Section: Economic theory
UDC 330.117?047.36
Shevchenko B. A.
The Issue of Theoretical and Methodological Support for Efficiency Evaluation of Public-Private Partnership Projects (p. 313 - 318)
The article aims to provide theoretical substantiation and methodological support for efficiency evaluation of public-private partnership projects. The study allowed formulating the theoretical foundation for efficiency evaluation of public-private partnership projects using the project monitoring system and controlling the process of its implementation. Such an approach is realized in terms of both the dynamics of achievement of general project goals and accomplishment of tasks pertaining to its stage-by-stage implementation, determination of their correspondence to the interests of each partner on the basis of adjustment of partnership parameters, its terms, change in the interaction forms, discontinuation of a partnership. A generalizing indicator of the project being efficient was determined as the level of its correspondence to the conditions of the state achieving the ultimate goals of the implemented partnership, that is adherence to the priorities of common goals and policy, in particular socially oriented ones.
Keywords: public-private partnership, economic interests, economic efficiency, criteriality, efficiency evaluation, monitoring system
Fig.: 1. Tabl.: 1. Bibl.: 9.

Shevchenko Boris A. – Candidate of Sciences (Economics), Associate Professor, Department of Political Economy, Poltava V. G. Korolenko National Pedagogical University (2 Ostrohradskoho Str., Poltava, 36000, Ukraine)
Email: schevac@rambler.ru

Reference to this article:
Shevchenko, Boris A. (2015) “The Issue of Theoretical and Methodological Support for Efficiency Evaluation of Public-Private Partnership Projects.” The Problems of Economy 1:313–318.

List of references in article

“Going global. The world of public private partnerships“ http://www.cbi.org.uk/pdf/goingglobal0707.pdf
Bodrov, V. H., Safronova, O. M., and Baldych, N. I. Derzhavne rehuliuvannia ekonomiky ta ekonomichna polityka [State regulation of the economy and economic policy]. Kyiv: Akademvydav, 2010.
Rayzberg, B. A., Lozovskiy, L. Sh., and Starodubtseva, E. B. Sovremennyy ekonomicheskiy slovar [Modern Dictionary of Economics]. Moscow: INFRA-M, 1999.
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Vlasov, F. B. “Sotsialnyy kapital i sotsialnaia renta tsivilizovannykh mezhgosudarstvennykh institutov vzaimodeystviia“ [Social capital and social rents civilized international institutions interaction]. http://www.plproject.ru/download/plproject04-02.pdf

Section: Economic theory
UDC 339.52:330.341.2
Berenda S. V., Sholom A. S.
Etymology of the Term “Institution” and Evolution of Its Meaning in Economic Studies Using the Example of the WTO (p. 319 - 325)
“Institution”, or “social institution”, is not only one of the most popular terms in contemporary social sciences, which is determined by the scientific trend which dominates them, namely institutionalism, but also the least defined one. This results in the essence of the term becoming evasive and generalized, which creates a precedent for referring to virtually anything as an “institution”. The essence of this term varies not only in economics and law, psychology and sociology, but also within one discipline. Understanding of this term which is of critical importance for institutionalism is further complicated by its being increasingly frequently used in the press and thus turning into an “institutional trap”. Nevertheless, provided that the key terms are defined, institutionalism has a chance of becoming a common philosophy of the discipline – the economic “Theory of Everything”. The article discusses the dual essence of the WTO which establishes the rules of play in the international trade but cannot be fully responsible for the strategy of its participating players. On the one hand, the WTO is an institution consisting of international civil servants, while on the other hand, it is an organization comprised of member countries. The aim of the article is to consider the national tradition of using the term “institution” and to study the etymology of the term on the basis of the evolution of its essence in economic studies for its correct interpretation using the example of the WTO.
Keywords: institution, institutionalism, WTO
Bibl.: 23.

Berenda Serhiy V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: emc2@ukr.net
Sholom Alina S. – Applicant, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: alina.scholom@yandex.ua

Reference to this article:
Berenda, Serhiy V., and Sholom, Alina S. (2015) “Etymology of the Term “Institution” and Evolution of Its Meaning in Economic Studies Using the Example of the WTO.” The Problems of Economy 1:319–325.

List of references in article

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Section: Mathematical methods and models in economy
UDC 339.94
Blahun I. S., Ilchuk P. G.
Models of Interconnection between the Internationalization Level and Financial Results of Operations of Ukrainian Enterprises (p. 326 - 339)
The article aims to test the hypothesis that the internationalization level and financial results of enterprises are closely connected, and a higher internationalization level ensures improved financial results. An individual task consists in construction of regression models which would describe such connection for enterprises from all areas (spheres) of economic activities carrying out export operations, with a high degree of accuracy. The article studies the existence of an interconnection between the internationalization level and financial results of enterprises on the basis of correlation and regression analysis. Data obtained from all public joint stock companies involved in export whose stocks are listed on stock exchanges were utilized to verify the existence of all types of this connection by constructing multifactor regression models. Reliable multiple regression models were constructed for enterprises from various areas (spheres) of economic activities, which describe the effect of the internationalization level on the financial results of operations of the enterprises. The study allowed confirming the hypothesis in terms of the existence of an interconnection between the internationalization level and financial results of operations of enterprises and refuting it in terms of the directly proportional dependence between financial results and the internationalization level of enterprises.
Keywords: internationalization, financial results, level, interconnection, enterprise
Tabl.: 7. Formulae: 3. Bibl.: 25.

Blahun Ivan S. – Doctor of Sciences (Economics), Professor, Dean, Faculty of Economics, Precarpathian National University named after V. Stefanyk (57 Shevchenka Str., Ivano-Frankіvsk, 76018, Ukraine)
Email: blagun@email.ua
Ilchuk Pavlo G. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, National University «Lviv Polytechnic» (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: ilchukpaul@mail.ru

Reference to this article:
Blahun, Ivan S., and Ilchuk, Pavlo G. (2015) “Models of Interconnection between the Internationalization Level and Financial Results of Operations of Ukrainian Enterprises.” The Problems of Economy 1:326–339.

List of references in article

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[Legal Act of Ukraine] (2010).
Ilchuk, P. H. “Uzahalnennia ta klasyfikatsiia teorii internatsionalizatsii pidpryiemstv“ [Synthesis and classification of theories of internationalization of enterprises]. Ekonomika. Menedzhment. Pidpryiemnytstvo, no. 25 (ІІ) (2013): 56-69.
Kniazhenko, R. S. “Protses internatsionalizatsii mashynobudivnoho sektoru ekonomiky Ukrainy: analiz dynamiky ta tendentsii rozvytku“ [The process of internationalization of engineering sector in Ukraine: analysis of changes and trends]. Visnyk Berdianskoho universytetu menedzhmentu i biznesu, no. 3 (23) (2013): 36-42.
Kolomiiets, I. F., and Kolomiiets, T. V. “Metodychni aspekty otsinky rivnia internatsionalizatsii pidpryiemstva“ [Methodological Aspects of internationalization of the company]. Visnyk NLTU, no. 15.3 (2005): 231-237.
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Section: Mathematical methods and models in economy
Dorovsky O. V.
Structure and Goal Analysis of Development Scenarios for the Pharmaceutical Industry of Ukraine (p. 340 - 348)
The article deals with the application of the structure and goal analysis to realization of development scenarios for the pharmaceutical industry of Ukraine on the basis of the cognitive approach and modeling the development of weakly structured situations. The article discusses the substance and specific aspects of application of the cognitive approach and substantiates the practicality of its utilization when analyzing weakly structured systems and situations. The work develops a logical model for determination of the strategic development of the pharmaceutical industry of Ukraine and constructs the cognitive model for the development of the pharmaceutical industry of Ukraine. Carrying out the structure and goal analysis allowed comparing the characteristics of realization of the possible industry development scenarios by determining the focus of each of them and the effectiveness of their influence on the structure of the development goal vector of the Ukrainian pharmaceutical industry. The conducted analysis proved that for the general development of the pharmaceutical industry of Ukraine the combinatory scenario is the most efficient one, and it should be grounded in the reasonable state investment policy, creation of an appropriate business environment in the country, encouragement of competition among producers of pharmaceutical products, and state support for the development of the industry.
Keywords: systemic approach, weakly structured situation (system), cognitive approach, structure and goal analysis, goal vector, management vector, development scenario
Fig.: 3. Tabl.: 2. Formulae: 6. Bibl.: 21.

Dorovsky Oleksandr V. – 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: office@zt.com.ua

Reference to this article:
Dorovsky, Oleksandr V. (2015) “Structure and Goal Analysis of Development Scenarios for the Pharmaceutical Industry of Ukraine.” The Problems of Economy 1:340–348.

List of references in article

“Aptechnyy rynok Ukrainy po itogam 2006 - 2013 gg. “ [Pharmacy market of Ukraine in 2006 - 2013 years]. http://www.apteka.ua
Gorelova, G. V., and Melnik, E. V. “O kognitivnom modelirovanii razvitiia situatsiy v regione v usloviiakh bystrykh izmeneniy sredy i protivodeystviia“ [On the cognitive modeling of situations in the region in the context of rapid changes in the environment and countermeasures]. Izvestiia YuFU. Tekhnicheskie nauki vol. 116, no. 3 (2011): 65-78.
Gorelova, G. V. “O kognitivnom modelirovanii slozhnykh sistem, instrumentariy issledovaniia“ [On the cognitive modeling of complex systems, research tools]. Izvestiia YuFU. Tekhnicheskie nauki, no. 6 (131) (2012): 236-240.
Evstegneev, D. V., and Ledashcheva, T. N. “Ispolzovanie kognitivnykh modeley pri postroenii kompleksnoy otsenki sostoianiia territorii“ [The use of 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 In-ta probl. upr. im. V. A. Trapeznikova RAN vol. XI (2000): 85-90.
Maksimov, V. I., and Kornoushenko, E. K. “Analiticheskiye osnovy primeneniya kognitivnogo podkhoda pri reshenii slabostrukturirovannykh zadach“ [Analytical basis for the use of the cognitive approach for solving semi-structured problems]. Trudy In-ta probl. upr. im. V. A. Trapeznikova RAN vol. ІІ (1999): 95-109.
Maksimov, V. I. “Strukturno-tselevoy analiz razvitiia sotsialno-ekonomicheskikh situatsiy“ [Structural-targeted analysis of socio-economic situations]. Problemy upravleniia, no. 3 (2005): 30-38.
Prangishvili, I. V. Sistemnyy podkhod i obshchesistemnye zakonomernosti [System approach and system-wide patterns]. Moscow: SINTEG, 2000.
Prokhorova, V. V. “Kognitivnoe modelirovanie ustoychivogo ekonomicheskogo razvitiia predpriiatiy“ [Cognitive modeling sustainable economic development of enterprises]. Ekonomika i upravlenie, no. 1 (2011): 24-29.
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Silov, V. B. Priniatie strategicheskikh resheniy v nechetkoy obstanovke [Strategic decision-making in a fuzzy environment]. Moscow: IPRO-RES, 1995.
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Section: Mathematical methods and models in economy
UDC 330.46: 001.57
Zakharchenko P. V., Savushkin D. I.
A Model of Development of the Resort and Recreation-Based Economy on the Basis of the Transformational Cycle (p. 349 - 355)
In today’s world economy, resort recreation is one of the highest-grossing business spheres. Ukraine has a powerful resort and recreation potential that can result in practical economic benefit if developed efficiently. This requires formation of a systemic development concept for such systems, of which economic transformations are an integral part. The article aims to develop an approach to modeling of the transformational development of resort and recreation systems based on the transformational cycle that performs the role of the key mechanism in such transformations. The study allowed substantiating the conceptual foundation of a systemic study of the economy of resort and recreation establishments as a set of transformational cycle stages. Unlike any alternative approach, the proposed approach implies the possibility of considering the development of the resort and recreation system economy as an interaction of transformational processes. This served as a basis for construction of a model of the economic development of resort and recreation systems using the transformational cycle. Study of the model demonstrates varying economic trends that eventually result in substantial economic growth.
Keywords: resort and recreation-based economy, economic transformations, transformational cycle, transformational development model
Fig.: 5. Formulae: 6. Bibl.: 13.

Zakharchenko Pavel V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economic Cybernetics and Finances, Berdyansk State Pedagogical University (4 Shmіdta Str., Zaporіzka obl., Berdyansk, 71100, Ukraine)
Email: pvzz1957@gmail.com
Savushkin Dmitry I. – Postgraduate Student, Department of Economic Cybernetics, Berdyansk University of Management and Business (117a Svobody Str., Berdiansk, 71118, Ukraine)
Email: sdberdstarua@gmail.com

Reference to this article:
Zakharchenko, Pavel V., and Savushkin, Dmitry I. (2015) “A Model of Development of the Resort and Recreation-Based Economy on the Basis of the Transformational Cycle.” The Problems of Economy 1:349–355.

List of references in article

Armand, A. D., Liuri, D. I., and Zherikhin, V. V. Anatomiia krizisov [Anatomy of a crisis]. Moscow: Nauka, 2009.
Prangishvili, I. V. Sistemnyy podkhod i obshchesistemnye zakonomernosti [System approach and system-wide patterns]. Moscow: Sinteg, 2010.
Orlov, P. A. “Posledstviia finansovo-ekonomicheskogo krizisa i nekotorye napravleniia vykhoda iz nego“ [The consequences of the financial crisis and some directions out of it]. In Sotsialno-ekonomicheskoe razvitie Ukrainy i ee regionov: problemy nauki i praktikiKharkiv: INZhEK, 2009.
Zoidov, K. Kh. Transformatsionnyy krizis ekonomiki Rossii: priroda, dinamika, puti preodoleniia [Transformational crisis of the Russian economy: the nature, dynamics and ways to overcome]. Moscow: IPR RAN, 2010.
Bruno, M. “Glubokie krizisy i reforma“ [Deep crisis and reform]. Voprosy ekonomiki, no. 2 (2007): 4-29.
Mensch, G. “A macroeconomic potential describing structural change of the economy“Theory and Decision vol. 19, no. 3 (2005): 279-299.
Melnik, L. G. Ekonomika razvitiia [Development Economics]. Sumy: Universitetskaia kniga, 2006.
Gusarov, Yu. V. Upravlenie: dinamika neravnovesnosti [Management: non-equilibrium dynamics]. Moscow: Ekonomika, 2014.
Pankov, A. F. Teoriia razvitiia sistem i sistemnaia teoriia logiki [The theory of systems development and systems theory logic]. Moscow: Eksmo, 2013.
Lesechko, M. D. Osnovy systemnoho pidkhodu: teoriia, metodolohiia, praktyka [Through systems approach: theory, methodology, practice]. Lviv: LRIDU UADU, 2012.
Surmin, Yu. P. “Henezys systemnykh idei“ [Genesis system ideas]. Humanitarnyi zhurnal, no. 3-4 (7-8) (2010): 32-39.
Rostow, W. The Stages of Economic GrowthNew York: Springer-Verlag, 2012.
Shmagina, V. V., and Kharichkov, S. K. Rekreatsiia i turizm v sisteme sovremennykh prioritetov sotsialno-ekonomicheskogo razvitiia [Recreation and tourism in the current priorities of the socio-economic development]. Odessa: IPREEI NANU, 2010.

Section: Mathematical methods and models in economy
UDC 330.44:331.52(043.3)
Kovalchuk A. K.
A Cluster Model of the Human Resources Management (p. 356 - 360)
The article aims to develop a cluster model for evaluation of human resources allowing classification of Ukrainian regions depending on the parameters of condition and potential for development of their human resources. For the purpose of defining the function of the regional object belonging to a certain class of cyclical development (pre-crisis, crisis, post-crisis, normal), the article provides a rationale for utilization of the fuzzy modification of the Robbins-Monro stochastic algorithm in the space of orthogonal functions generated with the aid of the Hermite recurrence relation. The developed cluster model for evaluation of the regional economic objects is adjusted for determination of the cyclical development stage of Ukrainian regions depending on the state and potential for development of their human resources. The dividing surfaces of classes separate one class from another, which significantly increases the classification accuracy of the model and reduces the classification uncertainty area. Taking into account the determinacy level of class prototype objects at each iteration step significantly increases the convergence speed of the Robbins-Monro iteration procedure. The developed cluster model allows increasing the promptness and quality of regional management through differentiation of management measures and use of typical managerial decisions with respect to a specific human resources development stage, namely: normal, pre-crisis, crisis, or post-crisis stages.
Keywords: cluster model, Robbins-Monro algorithm, cyclical economic development, human resources management
Tabl.: 1. Formulae: 20. Bibl.: 8.

Kovalchuk Anna K. – Candidate of Sciences (Economics), Assistant, Department of Management, The National Metallurgical Academy of Ukraine (4 Haharіna Ave., Dnіpropetrovsk, 49600, Ukraine)
Email: metric@i.ua

Reference to this article:
Kovalchuk, Anna K. (2015) “A Cluster Model of the Human Resources Management.” The Problems of Economy 1:356–360.

List of references in article

Byrskyi, V. V., and Porokhnia, V. M. Modeliuvannia liudskoho potentsialu derzhavy [Modeling human potential]. Zaporizhzhia: KPU, 2008.
Blyzniuk, V. “Analiz rynku pratsi: rehionalnyi aspekt“ [Analysis of the labor market: a regional perspective]. Rehionalna ekonomika, no. 2 (2001): 27-28.
Hrishnova, O. A. Ekonomika pratsi ta sotsialno-trudovi vidnosyny [Labor Economics and Labor Relations]. Kyiv: Znannia, 2006.
Hnybidenko, I. “Vplyv svitovoi finansovo-ekonomichnoi kryzy na sotsialnu sferu Ukrainy“ [The impact of the global financial crisis on social Ukraine]. Ekonomika Ukrainy, no. 7 (2009): 64-74.
Klebanova, T. S., and Nikiforova, O. V. “Modeli diagnostiki sostoianiia regionalnogo rynka truda“ [Models of diagnosing the state of the regional labor market]. Biznes Inform, no. 2 (2009): 17-21.
Pryimak, V. I. Trudovyi potentsial i mekhanizm ioho realizatsii v rehioni [Labor potential mechanism and its implementation in the region]. Lviv: VTs LNU im. I. Franka, 2002.
Sadova, U., and Semiv, L. Rehionalni rynky pratsi: analiz ta prohnoz [Regional labor market analysis and forecast]. Lviv, 2002.
Robbins, H. “A stochastic approximation method“Ann. Math. Statist. vol. 22, no. 1 (1951): 400-407.

Section: Mathematical methods and models in economy
UDC 519.865
Melnikov S. V.
Dynamic Monopoly Pricing Under the Reference Price Effect (p. 361 - 365)
One of the important aspects of the theory and practice of firms is development of an optimal dynamic pricing strategy. Traditional marketing models consider the consumer as a rational agent who makes decisions based on current prices. However, in the dynamics, with repeated purchases, consumers form price expectations or reference prices which are compared with current prices. This effect is known as “the reference price effect”. The work focuses on the dynamic monopoly pricing in the presence of the reference price effect. To study this question, the author constructed a model of the monopoly selling the product over T periods. The study considers a case when the reference prices are formed on the basis of prices from the previous period. In this case, buyers’ purchase decisions also rely upon the ratio of the current and previous prices. In the long run, the monopoly can have various efficiency criteria. The article considers two efficiency criteria: the maximum profit within each period of time and the maximum profit for the whole time. The study allowed finding discrete and equilibrium solutions. A comparative analysis of profits of the monopoly by two criteria resulted in the following conclusions. In comparison with the situation of the absence of the reference effect, optimization by the global criterion increases profits and that by the local criterion reduces them. Obtained results show that in case of optimization by the global criterion the reference effect dwindles in the long run.
Keywords: monopoly, dynamic pricing, reference price effect
Fig.: 3. Formulae: 12. Bibl.: 10.

Melnikov Serhij V. – Candidate of Sciences (Economics), Associate Professor, Department of Economic Theory and Cybernetics, Odesa National Marine University (34 Mechnykova Str., Odesa, 65029, Ukraine)
Email: nfn@mail.ru

Reference to this article:
Melnikov, Serhij V. (2015) “Dynamic Monopoly Pricing Under the Reference Price Effect.” The Problems of Economy 1:361–365.

List of references in article

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Zhang, T. “Dynamic Pricing Strategy with Internal Reference Effect and Competition“Journal of Emerging Trends in Economics and Management Sciences vol. 5, no. 2 (2014): 187-193.

Section: Mathematical methods and models in economy
UDC 656.71:004.231(045)
Oleshko T. I., Leszczynski O. L., Gorbacheva O. M.
Construction of a Graphic Model of Fuzzy Network Survivability in Airports (p. 366 - 371)
While studying the question of the airport lifecycle, the authors used the example of an airport network to solve the task of construction of a graphic model of fuzzy network survivability. For the purpose of solving the set task, a fuzzy graph with an unpaired vertex set and a paired arc set was introduced. The study allowed determining stability of market environment, the route, the survivability rate for the introduced graph. The article substantiates that the offered conceptual framework allows evaluating the airport system from the standpoint of ability of its objects and their connections to withstand the effects of external and internal economic, social and political, environmental incidents, to preserve and restore the system objects that have undergone negative influences. The study concludes that the economic survivability of the airport system is a characteristic which will permit evaluating the risk of the economic instability of the system and the threat of bankruptcy. The studied characteristics can extend the set of tools for indication and assessment of the economic strength of individual airports – objects of the studied network by providing the system with additional qualitative characteristics.
Keywords: economic survivability, airport, fuzzy graph, fuzzy path, stability of market environment
Fig.: 4. Formulae: 17. Bibl.: 8.

Oleshko Tamara I. – Doctor of Sciences (Engineering), Professor, Head of the Department, Department of Economic Cybernetics, National Aviation University (1 Lubomyra Husara Ave., Kyiv, 03058, Ukraine)
Email: ti_oleshko@ukr.net
Leszczynski Oleh L. – Candidate of Sciences (Physics and Mathematics), Associate Professor, Department of Economic Cybernetics, National Aviation University (1 Lubomyra Husara Ave., Kyiv, 03058, Ukraine)
Gorbacheva Oksana M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Accounting and Auditing, National Aviation University (1 Lubomyra Husara Ave., Kyiv, 03058, Ukraine)

Reference to this article:
Oleshko, Tamara I., Leszczynski, Oleh L., and Gorbacheva, Oksana M. (2015) “Construction of a Graphic Model of Fuzzy Network Survivability in Airports.” The Problems of Economy 1:366–371.

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Bozheniuk, A. V., Rozenberg, I. N., and Yastrebinskaia, D. N. Nakhozhdenie zhivuchesti nechetkikh transportnykh setey s primeneniem geoinformatsionnykh sistem [Finding survivability fuzzy transport networks using geographic information systems]. Moscow: Nauchnyy mir, 2012.
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Kruglov, V. V., Dli, M. N., and Golunov, R. Yu. Nechetkaia logika i iskusstvennye neyronnye seti [Fuzzy logic and artificial neural networks]. Moscow: Fizmatlit, 2001.

Section: Mathematical methods and models in economy
UDC 330.43: 336.71(477)
Serhiienko O. A., Filatova L. D., Soldatova Y. Y.
Modeling of Survival Capability and Spread of Crisis Situations in the Banking Market of Ukraine (p. 372 - 381)
The article studies the problem of survival capability and spread of crisis situations in the banking market of Ukraine on the basis of construction of economic and mathematical models for evaluation and analysis of the primary factors of survival capability and spread of panic processes among commercial banks of Ukraine. The authors considered the most general regression model in survival analysis – the Cox proportional intensity model, applied the Kaplan-Meier procedure as a descriptive method for the study of censored data for evaluation of the survival function, construction of lifetime tables, and fitting of survival distribution which allow comparing the survival rates in two and more groups. The proposed model for analysis of survival capability of commercial banks on the basis of paired comparisons of groups of banks with varying levels of financial firmness will likely allow identifying the factors influencing the survival capability as well as comparing the survival capability levels in several groups, singling out the most influential factors in each group in crisis situations that result in bank panics. The article describes realization of the model of spread of crisis situations on the basis of fast-paced dynamic processes with a view to determining the character and signs of the bank panic, as well as corresponding counteraction tools. The panic spread process was simulated which corresponds to the actual process as the synergy effect was assessed and taken into account which is typical for the interaction of “infected specimens”. This model allows modeling panics in the banking market and evaluating its responsiveness. The constructed models can be adapted for any bank groups and are capable of taking into account various parameters depending on the analysis character and purpose, which will enable banks to identify the most essential factors of survival and panic spread in the context of instability, financial crisis, increased competition.
Keywords: banking market, survival models, panic modeling, crisis situations, bankruptcy, commercial bank, financial firmness, bank panic
Fig.: 11. Tabl.: 3. Formulae: 3. Bibl.: 13.

Serhiienko Olena A. – Doctor of Sciences (Economics), Professor, Professor, Department of Entrepreneurship, Trade and Logistics, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: Elena.Sergienko@khpi.edu.ua
Filatova Liubov D. – Candidate of Sciences (Physics and Mathematics), Associate Professor, Associate Professor, Department of Higher Mathematics, Kharkiv Educational and Scientific Institute of the SHEI «Banking University» (55 Peremohy Ave., Kharkіv, 61174, Ukraine)
Email: filatovald@mail.ru
Soldatova Yana Yu. – Applicant, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: kiber-defo4ka@mail.ru

Reference to this article:
Serhiienko, Olena A., Filatova, Liubov D., and Soldatova, Yana Yu. (2015) “Modeling of Survival Capability and Spread of Crisis Situations in the Banking Market of Ukraine.” The Problems of Economy 1:372–381.

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