THE PROBLEMS OF ECONOMY №4-2016

The title and content

ABSTRACTS AND INFORMATION ABOUT AUTHORS

Section: World economy and international relations
UDC 339.9:338.001.36
Bocharova Y. G.
The Competitiveness of Infrastructure of World Countries (p. 6 - 12)
The aim of the study is to identify and analyze the most competitive countries in the world in terms of development of their infrastructure in general and its individual components. The article considers the significance and role of infrastructure in ensuring the economic growth of developing countries and their competitiveness, solving global problems of humanity (including poverty), improving the quality of life of the population. The analysis of the infrastructure state and features of its development in the world and Ukraine has been carried out. Based on the analysis of the global competitiveness ranking of WEF, the most competitive countries of the world in terms of the development level of their infrastructure in general and its individual elements have been determined. Using the calculation of the Spearman’s rank correlation coefficient, a matrix of intercorrelation of indices of world countries’ competitiveness in 2010-2015 (according to the method of the WEF) has been composed; the most significant determinants of the countries’ competitiveness in terms of the infrastructure development have been identified.
Keywords: infrastructure, competitiveness, ranking, leading countries, correlation
Tabl.: 4. Bibl.: 9.

Bocharova Yuliia G. – Candidate of Sciences (Economics), Associate Professor, Director, Educational and Scientific Institute of Economics and Entrepreneurship, Donetsk National University of Economy and Trade named after M. Tugan-Baranovsky (16 Tramvaina Str., Kryvyi Rih, Dnipropetrovsk region, 50005, Ukraine)
Email: bocharova@donnuet.edu.ua

Reference to this article:
Bocharova, Yuliia G. (2016) “The Competitiveness of Infrastructure of World Countries.” The Problems of Economy 4:6–12.

List of references in article

“Global Infrastructure Facility“ The World Bank. http://www.worldbank.org/en/programs/global-Infrastructure-facility
“Tsel 9: Sozdaniye stoykoy infrastruktury, sodeystviye vseokhvatnoy i ustoychivoy industrializatsii i innovatsiyam - Ustoychivoye razvitiye (Tseli v oblasti ustoychivogo razvitiya OON)“ [Objective 9: creating a resilient infrastructure, promote inclusive and sustainable industrialization and innovation - Sustainable development (Goals United Nations sustainable development)]. Organizatsiia Obedinennykh Natsiy: ofits. veb-sayt. http://www.un.org/sustainabledevelopment/ru/issues/prosperity/infrastructure/
“Bridging global infrastructure GAPs, 2016“ http://www.mckinsey.com/~/media/McKinsey/Industries/Capital%20Projects%20and%20Infrastructure/Our%20Insights/Bridging%20global%20infrastructure%20gaps/Bridging-Global-Infrastructure-Gaps-Full-report-June-2016.ashx
“The Global Competitiveness Report 2010-2011“ http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2010-11.pdf
“The Global Competitiveness Report 2015-2016“ http://www3.weforum.org/docs/gcr/2015-2016/Global_Competitiveness_Report_2015-2016.pdf
“Infrastructure to 2030“ https://www.oecd.org/futures/infrastructureto2030/40953164.pdf
“Restructuring infrastructure in transition economies“ http://kangur.uek.krakow.pl/bibl_ae_zasoby/siec_lokalna/Ebor/w024.pdf
“INFRASTRUCTURE 100 World Markets Report“ https://assets.kpmg.com/content/dam/kpmg/pdf/2014/11/infrastructure-100-world-markets-report-v3.pdf
Khadzhynov, I. V. “Metodolohichni osoblyvosti vyvchennia poniattia «infrastruktura» ta yii funktsii“ [Methodological peculiarities of studying the concept of "infrastructure" and its functions]. Ekonomichnyi visnyk Natsionalnoho tekhnichnoho universytetu Ukrainy «Kyivskyi politekhnichnyi instytut», no. 10 (2013): 38-41.

Section: World economy and international relations
UDC 338
Buleev I. P., Bryukhovetskaya N. Y.
Formation of the Institutional Environment in Transforming Economies of Postsocial Countries (p. 13 - 21)
The article analyzes the formation of market relations as a natural process of capitalism development in the countries that have shaped a socially oriented capital economy that meets purposes of the formation of postindustrial society. The forms and methods of transition to the market economy of former socialist countries (FSCs) are considered in comparison with the classical scheme of development. It is found that major failures in the reforming occurred as a result of using the outdated liberal economic theory, neglecting the peculiarities of FSCs development, mentality of the society and population, which resulted in the formation of unpromising oligarchic ruling class disregarding interests of people. The causes of the systemic social-economic crises in FSCs and measures to overcome the market failures are justified. There outlined the ways out of this situation by means of forming modern institutional environment, escaping institutional risks and traps.
Keywords: institutional environment, institutions, added value, matrix management, property, motivation, corporate governance
Tabl.: 4. Bibl.: 16.

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
Bryukhovetskaya Natalya Ye. – Doctor of Sciences (Economics), Professor, Head of, Department of Problems of Enterprise Economics, Institute of Industrial Economics of NAS of Ukraine (2 Mariia Kapnist Str., Kyiv, 03057, Ukraine)
Email: n.bryukhovetskaya@gmail.com

Reference to this article:
Buleev, Ivan P., and Bryukhovetskaya, Natalya Ye. (2016) “Formation of the Institutional Environment in Transforming Economies of Postsocial Countries.” The Problems of Economy 4:13–21.

List of references in article

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Grinberg, R. “Nauchnoye naslediye akademika I. D. Ivanova i problemy otechestvennoy ekonomiki“ [Scientific heritage of academician I. D. Ivanov and problems of the domestic economy]. Mirovaya ekonomika i mezhdunarodnyye otnosheniya, no. 12 (2012): 110-117.
Gubanov, S. “Sistemnyye otvety na voprosy razvitiya Rossii“ [The system answers to the questions of development of Russia]. Problemy teorii i praktiki upravleniya, no. 12 (2013): 40-52.

Section: World economy and international relations
UDC 330.1:339.9–047.52
Deyneka T. A.
Confrontation of Major Counteracting Forces in the Globalized Market as a Process of Resolving / Intensifying its Contradictions (p. 22 - 27)
The aim of the article is to study the process of resolving/intensifying the contradictions of the contemporary globalized market by means of identifying the counteracting forces that are critical for the period of the formation of post-industrial relations. It is proved that in the context of globalization and gradual establishment of principles of the postindustrial economy, the confrontation of major counteracting market forces is undergoing changes, which is manifested through the processes of resolving/intensifying the market contradictions. There identified the content of these changes, in particular: if at early stages of the market development the confrontation “state—market” was of decisive importance, at the present time it is the confrontation “civil society – TNCs”. There described a multivariate character of the interaction between the major market forces — states, international organizations, TNCs, civil society (both with the effect of achieving community of their interests and with the effect of their disunity). It is proved that the confrontation between the civil society and international corporations objectifies in the globalized economy a new form of contradiction between labor and capital that corresponds to the post-industrial content of economic relations and, in particular the content of property relations.
Keywords: contradiction, confrontation, globalization, post-industrial economy, global market, transnational corporations, civil society
Fig.: 1. Tabl.: 1. Bibl.: 9.

Deyneka Tetyana A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economics, Poltava University of Economics and Trade (3 Ivana Banka Str., Poltava, 36003, Ukraine)
Email: me.puet@yandex.ua

Reference to this article:
Deyneka, Tetyana A. (2016) “Confrontation of Major Counteracting Forces in the Globalized Market as a Process of Resolving / Intensifying its Contradictions.” The Problems of Economy 4:22–27.

List of references in article

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Afontsev, S. “Budushcheye TNK: tendentsii i stsenarii dlya mirovoy politiki“ [The future of TNCs: trends and scenarios for global politics]. Mir cherez 100 let: Analitika. http://russiancouncil.ru/inner/?id_4=702#top-content
Heiets, V. M. “Podolannia kvazirynkovosti - shliakh do investytsiino oriientovanoi modeli ekonomichnoho zrostannia“ [Overcoming of quasi-market- the path to investment oriented model of economic growth]. Ekonomika Ukrainy, no. 6 (2015): 4-17.
Globalnoye ekonomicheskoye razvitiye: tendentsii, asimmetrii, regulirovaniye [Global economic development: trends, asymmetries, regulation]. Kyiv: KNEU, 2013.
Politika v epokhu zhestkoy ekonomii [Politics in the age of austerity]. Moscow: ID Vysshey shkoly ekonomiki, 2015.
“Reyting stran mira po urovnyu valovogo vnutrennego produkta“ [The ranking of countries in terms of gross domestic product]. Gumanitarnye tekhnologii: inform.-analit. portal. http://gtmarket.ru/ratings/rating-countries-gdp/rating-countries-gdp-info
Florini, A., and Simmons, R. “What the World Needs Now?“ The Third Force. The Rise of Transnational Civil Society. http://www.iheal.univ-paris3.fr/sites/www.iheal.univ-paris3.fr/files/texte%20chap%201%20florini.pdf
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Section: World economy and international relations
UDC 661.65
Zhaldak H. P., Shulgina L. М.
Marketing Standards for Enterprises and Higher Educational Institutions: the EU and Ukraine (p. 28 - 34)
The article considers the marketing standards for enterprises and higher educational institutions in the EU and Ukraine. The basic components of the formation of the marketing standards in our country and the European Union member countries are identified, some legislative restrictions on advertising in certain EU countries are systematized. The features of the EU standards are determined. The main idea of the article is to examine the European marketing standards, determine the level of their adaptation to the national ones, as well as collect data on the effectiveness of the application of marketing standards to higher educational institutions, provide quality education and establish collaboration with the European partner universities. The general understanding of the quality of education, use of harmonized approaches and evaluation criteria is important for the European integration. The majority of national organizations have a number of difficulties associated with the undeveloped system of indicators oriented towards the client and other interested parties. The application of the EU marketing standards sets an appropriate vector of development for the domestic economy and opens up new competitive opportunities.
Keywords: marketing standards, Ukrainian enterprises, EU higher educational establishments, features of the EU marketing standards
Tabl.: 1. Bibl.: 14.

Zhaldak Hanna P. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Enterprise Management, National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute» (37 Beresteiskyi Ave., Kyiv, 03056, Ukraine)
Email: ann17@i.ua
Shulgina Liudmyla М. – Doctor of Sciences (Economics), Professor, Professor, Department of Management, National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute» (37 Beresteiskyi Ave., Kyiv, 03056, Ukraine)
Email: shulm@ukr.net

Reference to this article:
Zhaldak, Hanna P., and Shulgina, Liudmyla М. (2016) “Marketing Standards for Enterprises and Higher Educational Institutions: the EU and Ukraine.” The Problems of Economy 4:28–34.

List of references in article

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“Yak intehruiemosia v yevropeiskyi rynok“ [How to integrate into the European market]. http://www.visnuk.com.ua/ru/pubs/id/9650
Chukhrai, N. I., and Sukhomlyn, L. Ye. “Problemy vykhodu ukrainskykh pidpryiemstv na yevropeiskyi rynok“ [The problem of access of Ukrainian enterprises to the European market]. http://www.nbuv.gov.ua/old_jrn/natural/Vnulp/Ekonomika/2010_684/19.pdf
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Denek, K. “Toczaca sie reforma edukacji“Nauczyciel i szkola, no. 3/4 (2006): 21-42.
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“Derzhzakupivli: Vyity na novyi riven“ [Procurement: to Reach a new level]. Tyzhden.ua. http://tyzhden.ua
Dobrianskyi, I. A. “Pryvatni vyshchi navchalni zaklady na Polskomu rynku osvity“ [Private institutions of higher education in the Polish education market]. http://www.nbuv.gov.ua/old_jrn/e-journals/Vnadps/2012_3/12diapro.pdf
Shulhina, L. M., and Zhaldak, H. P. “Aspekty ta vyklyky vprovadzhennia standartiv YeS i NATO v Ukraini“ [Aspects and challenges of implementing the standards of the EU and NATO in Ukraine]. Marketynh innovatsii i innovatsii u marketynhu. Sumy, 2016. 244-245.

Section: Economics and national economy management
UDC 343.37
Avhustyn R. R.
Priorities in the State Policy of Unshadowing the National Economy of Ukraine at the Present Stage of Development (p. 35 - 40)
The aim of the article is to justify the priorities of the state policy of unshadowing the national economy in the system of basic characteristics of the state economic security at the present stage of development. There made a conclusion about the perspectiveness of aligning the policy of economy unshadowing with forming a viable system of economic security of Ukraine, which allows to achieve a synergistic effect oriented both towards counteraction to the shadowing of economic relations and comprehensive enhancement of key parameters of the state economic security, including through the economy unshadowing. Consequently, the strategic priorities are defined in the following areas: (1) self-sufficiency of economic development and provision of the policy of economy unshadowing (forming the environment of perception of the shadow economy, resource support and an information and analytical system of economy unshadowing; introducing effective foreign technologies; increasing the efficiency in the regulatory sphere); (2) stability of the economic system and high capacity of the policy of economy unshadowing (legalization of the national economy in the branch-sectoral as well as spatial and structural aspects by structural elements of the state security, in the financial system and the internal market); (3) ability of the economy to develop and realize the potential of the policy of economy unshadowing (building the infrastructure; introducing “fuses” of control, human and intellectual, investment and innovation support of the economy unshadowing).
Keywords: shadowing, unshadowing, synergistic effect, strategic priorities
Fig.: 1. Bibl.: 9.

Avhustyn Ruslan R. – Candidate of Sciences (Economics), Associate Professor, Department State and Municipal Management, Ternopil National Economic University (11 Lvіvska Str., Ternopil, 46020, Ukraine)
Email: economist_555@mail.ru

Reference to this article:
Avhustyn, Ruslan R. (2016) “Priorities in the State Policy of Unshadowing the National Economy of Ukraine at the Present Stage of Development.” The Problems of Economy 4:35–40.

List of references in article

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Section: Economics and national economy management
UDC 330.101.8
Bondarenko T. M.
Specification of Scientific Tasks in Collaboration between Science, Industry and State, and Impact of Political Factors on Managerial Levers and Economy (p. 41 - 46)
The issue of collaboration between science, industry and state is of relevance in domestic and international practice. In leading countries of the world and in Ukraine compatible production and scientific complexes are created; collaboration between research institutions and state is established, in particular the theory and practice of collaboration between science, industry and state on the basis of Triple Helix Model is widespread in the world; in scientific papers objects of research of economic processes, subjects of research of the economic theory are considered. However, there are no works where the objects and tasks of economic researches are studied on the basis of macroeconomic environment, and a distinct principle to distinguish research objects relating to different economies and types of production is laid out; scientific and practical problems of economy in the field of collaboration between state, science and industry are clearly defined. According to the purpose of the article (to specify scientific and practical tasks to rationalize scientific research), the experience gained is systematized and a scheme-matrix of scientific and practical problems is proposed. In scientific practice there are works highlighting principles of scientific research work, research tasks in the field of economy, scientific problems of economy but there are no works considering both principles and tasks of collaboration of academic economists with state and industry in order to provide scientists with recommendations on optimization of economic processes to improve the economic efficiency. Taking into account the experience gained, principles of collaboration of academic economists with the state and industry are identified. On the basis of the developed matrix of scientific and practical tasks, the principle of impact of political factors on managerial levers, the level of Gross Domestic Product and Gross Social Product is demonstrated.
Keywords: scientific tasks; political factors; collaboration between state, science and industry; principles of work of scientists
Tabl.: 2. Bibl.: 15.

Bondarenko Tetiana M. – Candidate of Sciences (Economics), Research Associate, Department of Industrial Policy, Institute for Economics and Forecasting of NAS of Ukraine (26 Panasa Myrnoho Str., Kyiv, 01011, Ukraine)
Email: bondarenkotn@mail.ua

Reference to this article:
Bondarenko, Tetiana M. (2016) “Specification of Scientific Tasks in Collaboration between Science, Industry and State, and Impact of Political Factors on Managerial Levers and Economy.” The Problems of Economy 4:41–46.

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“The Triple Helix concept“ http://triplehelix.stanford.edu/3helix_concept
“Richard Branson“ https://en.wikipedia.org/wiki/Richard_Branson

Section: Economics and national economy management
UDC 338.2:330.34
Horban V. B.
Management of Sustainable Energy Efficient Development at the Local Level: Stakeholder-Oriented Approach (p. 47 - 56)
There presented a theoretical rationale for the expediency of using the stakeholder-oriented approach to improve the process of management of sustainable energy efficient development at the local level. The evolution of theories by scientific schools that studied the concepts of “stakeholders” and “interested parties” is analyzed and generalized. A classification of types of stakeholders in the context of eighteen typological features is suggested, which allows to more effectively align their interests and contributes to establishing constructive forms of cooperation in order to achieve efficient final results. An algorithm of interaction with interested parties in achieving the goals of sustainable energy efficient development at the local level is elaborated. Typical motivational interests of stakeholders at the local level in the field of sustainable energy efficient development (on the example of Ukraine) are identified. Instruments of prioritization of stakeholders depending on the life cycle stages of energy efficiency projects are proposed. The results obtained in the course of the research can be used to develop local energy efficient programs, business plans and feasibility studies for energy efficient projects.
Keywords: sustainable energy-efficient development, stakeholders, interested parties, project, local level, management
Fig.: 4. Tabl.: 4. Bibl.: 23.

Horban Vasylyna B. –

Reference to this article:
Horban, Vasylyna B. (2016) “Management of Sustainable Energy Efficient Development at the Local Level: Stakeholder-Oriented Approach.” The Problems of Economy 4:47–56.

List of references in article

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Post, J., Preston, L., and Sachs, S. “Managing the extended enterprise: The new stakeholder view“California Management Review vol. 45 (1) (2002): 5-28.
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Mamonov, K. A.Steikkholderno-oriientovanyi pidkhid v upravlinni kapitalom brendu budivelnykh korporatyvnykh pidpryiemstv [Stakeholder-oriented approach in the management of capital brand building corporate enterprises]. Kharkiv: KhNAMH, 2012.
Momot, T. V., Filatova, I. O., and Konoplina, O. O. “Steikkholder-oriientovanyi pidkhid do zabezpechennia finansovo-ekonomichnoi bezpeky pidpryiemstv: teoretyko-metodychni zasady vprovadzhennia“ [Stakeholder-oriented approach to ensuring financial and economic security of enterprises: theoretical and methodological basis for the implementation]. Aktualni problemy ekonomiky, no. 8 (2015): 36-44.
Brychko, M. M. “Metodychni pidkhody do formuvannia systemy finansovykh vidnosyn banku zi steikkholderamy“ [Methodical approaches to formation of system of financial relations of the Bank with stakeholders]. Biznes Inform, no. 12 (2014): 405-410.
Andrianov, A. Yu. “Steykkholdery v sotsialnom partnerstve“ [Stakeholders in social partnership]. Ekonomika regiona. http://journal.vlsu.ru/index.php?id=1753
Avanesova, N. E. “Metodika kompleksnoy otsenki effektivnosti funktsionirovaniya predpriyatiy roznichnoy torgovli s pozitsiy zainteresovannykh storon“ [The technique of a complex estimation of efficiency of functioning of the enterprises of retail trade from the standpoint of the stakeholders]. Biznes Inform, no. 7 (2009): 93-96.
Harmider, L. D. “Otsinka zadovolenosti zatsikavlenykh storin u rozvytku kadrovoho potentsialu torhovelnykh pidpryiemstv“ [Evaluation of stakeholder satisfaction in the development of personnel potential of trade enterprises]. Ekonomichnyi nobelivskyi visnyk, no. 1(7) (2014): 104-112.
Levytskyi, A. O. “Uzhodzhennia interesiv zatsikavlenykh storin pry realizatsii sotsialnykh proektiv: analiz problemnoho polia“ [Coordination of interests of stakeholders in the implementation of social projects: an analysis of the problem field]. Aktualni problemy derzhavnoho upravlinnia, no. 2(54) (2013): 77-80.
Yermolova, A. I. “Model seredovyshcha zatsikavlenykh storin rozrobky stratehii rozvytku mista“ [The model of the environment of stakeholders in the strategy development of the city]. Visnyk Skhidnoukrainskoho natsionalnoho universytetu imeni Volodymyra Dalia. http://archive.nbuv.gov.ua/portal/Soc_Gum/VSUNU/2012_14_1/Ermolova.pdf
Horban, V. B. “Transformatsiia imperatyvnykh pidkhodiv do protsesu planuvannia v enerhetychnii sferi Ukrainy“ [The transformation imperative approaches to process planning in the energy sector of Ukraine]. Investytsii: praktyka ta dosvid, no. 24 (2015): 53-59.
Ofitsiinyi sait Uhody meriv. http://www.covenantofmayors.eu/index_en.html
[Legal Act of Ukraine] (2015). http://zakon2.rada.gov.ua/laws/show/417-19
“Guidebook «How to develop a Sustainable Energy Action Plan (SEAP) in the Eastern Partnership and Central Asian Cities. Part II“ http://www.covenantofmayors.eu/IMG/pdf/SEAP_guidebook_Part_II.pdf
“Support services for the Covenant of Mayors East: final report“ http://www.soglasheniemerov.eu/IMG/pdf/COMO_East__2011-2015_report.pdf

Section: Economics and national economy management
UDC 339.9.012
Tokarchuk T. V., Shapovalenko N. V.
Analysis of External Imbalances in the Economy of Ukraine on the Basis of Determining an Acceptable Level of the Current Account of Balance of Payments (p. 57 - 66)
The aim of the article is to determine the size of an acceptable level of the current balance and external imbalance for Ukraine with regard to the steady trade deficit having been observed for the last ten years. The assessment is based on several most common methods, namely: analysis of macro indicators, indicators of external sustainability, and the volume of foreign direct investment received. According to the calculations performed by all three methods, during the 2005-2016 the average acceptable level of the current account deficit made up about 2.5% of GDP, which is lower than in countries of Eastern Europe, however, is at the same level with Asian countries. The largest negative gap of the current account was observed right before the crises of 2008 and 2012-2013 when the gap exceeded 3.5% of GDP. Furthermore, it is important that the processes of correcting external imbalances were aligned with achieving the internal balance. The analysis based on a Swan diagram shows that in most cases the Ukrainian economy needs to correct either internal or external imbalances, which made it impossible to use the same instruments to remove them. Under these conditions the determining role of the state economic policy should be aimed at both searching for optimal variants of macroeconomic measures of the monetary and fiscal nature, and implementing the necessary structural reforms.
Keywords: acceptable level of the current balance, external imbalances, internal balance, monetary policy
Fig.: 8. Tabl.: 1. Formulae: 5. Bibl.: 13.

Tokarchuk Taras V. – Candidate of Sciences (Economics), Head of the Department, Department of Analysis of External Sector, National Bank of Ukraine (9 Instytutska Str., Kyiv, 01601, Ukraine)
Email: Taras.Tokarchuk@bank.gov.ua
Shapovalenko Nadiia V. – Postgraduate Student, Kyiv University of Banking (1 Andrіivska Str., Kyiv, 04070, Ukraine)
Email: Nadia.Shapovalenko@gmail.com

Reference to this article:
Tokarchuk, Taras V., and Shapovalenko, Nadiia V. (2016) “Analysis of External Imbalances in the Economy of Ukraine on the Basis of Determining an Acceptable Level of the Current Account of Balance of Payments.” The Problems of Economy 4:57–66.

List of references in article

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Lukianenko, I. H. “Otsinka imovirnosti nastannia kryzovykh yavyshch v finansovomu sektori Ukrainy“ [Assessment of the probability of occurrence of crisis phenomena in financial sector of Ukraine]. Biznes Inform, no. 5 (2011): 50-54.
Nikolaichuk, S., and Shapovalenko, N. “Defitsyt potochnoho rakhunku platizhnoho balansu: otsinka pryiniatnoho rivnia dlia Ukrainy“ [The current account deficit of the balance of payments: assessment of the acceptable level for Ukraine]. Ekonomika i prohnozuvannia, no. 2 (2010): 74-87.
Nikolaichuk, S., and Shapovalenko, N. “Analiz stiikosti defitsytu potochnoho rakhunku platizhnoho balansu Ukrainy“ [The analysis of the sustainability of the current account deficit of the balance of payments of Ukraine]. Visnyk Natsionalnoho banku Ukrainy, no. 9 (2010): 11-20.
Milesi-Ferretti, G., and Razin, A. “Sustainability of Persistent Current Account Deficits“National Bureau of Economic Research, no. 5467 (1996).
Chinn, M. D., and Prasad, E. S. “Medium-term determinants of current accounts in industrial and developing countries: An empirical exploration“International Monetary Fund Working Paper, Washington D.C., WP/00/46 (2000): 47-76.
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Section: Economics and national economy management
UDC 332.145
Yaroshenko I. V., Semyhulina I. B.
Socio-Economic Development of Territorial Communities in the Context of Financial Decentralization (p. 67 - 76)
The deep socio-political crisis in almost all areas of development of modern Ukraine have determined the importance and necessity of implementing the decentralization reform as an effective factor to stabilize the current socio-economic situation, overcome the financial crisis, regulate the contradictions between power structures at different levels on the principles of efficient allocation of powers and resources, comprehensive responsibility, provision of citizens with all social benefits and improvement of the efficiency of using budgetary funds at all levels of government. Implementing the financial decentralization on the basis of the administrative-territorial reform and a new ideology of public administration in Ukraine creates opportunities for providing comfortable operating conditions and self-development of a self-sufficient community, establishing principles of sustainable socio-economic development, using modern infrastructure, obtaining the necessary high-quality services and ensuring a high level of well-being of its own people.
Keywords: reform of power decentralization, financial decentralization, socio-economic development, territorial communities, local self-government system, powers, resources
Fig.: 2. Tabl.: 4. Bibl.: 10.

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. (2016) “Socio-Economic Development of Territorial Communities in the Context of Financial Decentralization.” The Problems of Economy 4:67–76.

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[Legal Act of Ukraine] (2014). Verkhovna Rada Ukrainy. http://zakon5.rada.gov.ua/laws/show/79-19
[Legal Act of Ukraine] (2015). Verkhovna Rada Ukrainy. http://zakon5.rada.gov.ua/laws/show/928-19
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Ministerstvo rehionalnoho rozvytku, budivnytstva ta zhytlovo-komunalnoho hospodarstva Ukrainy: ofitsiinyi sait. http://www.minregion.gov.ua/decentralization
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“Finansovo-analitychni materialy KMU: Detsentralizatsiia. Mistsevi biudzhety 159 OTH za 1 pivrichchia 2016 roku“ [Financial-analytical materials of the Cabinet: Decentralization. Local budgets 159 GSS for the 1st half of 2016]. Ministerstvo rehionalnoho rozvytku, budivnytstva ta zhytlovo-komunalnoho hospodarstva Ukrainy: ofitsiinyi sait. http://www.minregion.gov.ua/decentralization/presentation/
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Yaroshenko, I. V., and Semyhulina, I. B. “Realizatsiia reformy detsentralizatsii v Ukraini: aktualni pytannia modernizatsii systemy publichnoho upravlinnia“ [The implementation of decentralization reform in Ukraine: topical issues of modernization of public administration system]. Problemy ekonomiky, no. 2 (2016): 67-73.
Yaroshenko, I. V., and Semyhulina, I. B. “Modernizatsiia systemy publichnoho upravlinnia v Ukraini: poperedni pidsumky ta problemni pytannia realizatsii reformy detsentralizatsii“ [Modernization of public administration system in Ukraine: preliminary results and problems of implementation of decentralization reform]. Biznes Inform, no. 5 (2016): 63-74.

Section: Regional economy
UDC 332.14:303.094.5(477)
Ivanova O. Y.
Integral Estimation of the Level of Self-Development of Ukrainian Regions (p. 77 - 83)
The aim of the article is to substantiate the stages, methods, techniques, indicators of an integral estimation of self-development of regions as a basis for determining the tools to stimulate regional self-development. There proposed definitions of such concepts as self-development, self-sufficiency, self-government and self-financing of the region. The sequence of stages for determining the integral index of the level of regional self-development is substantiated. There clarified the definition of “the level of self-development of the region”, combining self-sufficiency, as the ability to maintain the current level of development using the own resources to provide an appropriate level of implementation functions imposed on the region, and the region’s ability to generate new competitive advantages upon the availability of management mechanisms. There justified the components of regional self-development: self-sufficiency, self-government, self-financing, for the assessment of which at the methodological and practical level there built integral indices by the method of entropy, and the regions are distributed by the level of self-sufficiency, self-government and self-financing. The evaluation of the level of self-development of Ukrainian regions by components is carried out. Prospects for further research are forecasting the values of components of self-development of regions, identifying changes in the state of the indices and developing on this basis recommendations to improve the position of regions in terms of self-development.
Keywords: level of self-development of the region, self-financing, self-sufficiency, self-government, matrix of “self-development of the region”, methodological approach
Fig.: 4. Tabl.: 2. Formulae: 3. Bibl.: 8.

Ivanova Olga Yu. – Doctor of Sciences (Economics), Associate Professor, Head of, Sector of Problems of Regional Development and Decentralization of the 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: laptevaou@gmail.com

Reference to this article:
Ivanova, Olga Yu. (2016) “Integral Estimation of the Level of Self-Development of Ukrainian Regions.” The Problems of Economy 4:77–83.

List of references in article

[Legal Act of Ukraine] (2015). http://zakon3.rada.gov.ua/laws/show/156-19
Ivanova, O. Yu. “Teoretyko-metodychni aspekty otsinky rivnia samozabezpechenosti rehionu“ [Theoretical-methodological aspects of assessing the level of self-sufficiency of the region]. Hlobalni ta natsionalni problemy ekonomiky, no. 7 (2015): 570-573.
Ignateva, E. D., Mariyev, O. S., and Shirmanova, A. E. “Metodologiya analiza potentsiala samorazvitiya regionalnykh sotsialno-ekonomicheskikh sistem“ [The methodology of the analysis of the self-development of regional socio-economic systems]. Vestnik Chelyabinskogo gosudarstvennogo universiteta vol. 24, no. 3(184). Ekonomika (2010): 64-68.
Maliarets, L. M.Vymiriuvannia oznak obiektiv v ekonomitsi: metodolohiia i praktyka [Measurement of features of objects in the economy: methodology and practice]. Kharkiv: Vyd-vo KhNEU, 2006.
Kyzym, M. O., and Heiman, O. A. “Analiz teoretychnykh peredumov nerivnomirnosti rozvytku rehionalnykh utvoren u ramkakh kontseptsii konverhentsii“ [The analysis of the theoretical assumptions of the uneven development of regional entities in the framework of the concept of convergence]. www.nbuv.gov.ua/portal/Soc_gum/Modre/208/8_2/2.pdf
Belyayev, M. I. “Samoorganizatsiya“ [Self-organization]. http://www.milogiya2007.ru/samoorg01.htm
Bondar, O. Ya.Zolotyi pereriz i neevklidova heometriia v nautsi ta mystetstvi [Golden section and non-Euclidean geometry in science and art]. Lviv: Ukrainski tekhnolohii, 2005.
Kostyrko, L. A., and Klitynskyi, Yu. S. “Mekhanizm formuvannia stratehii finansovoi zabezpechenosti rehionu“ [The mechanism of formation of the strategy of financial security in the region]. Chasopys ekonomichnykh reform, no. 3(11) (2013): 62-69.

Section: Regional economy
UDC 332.28:631.1(477.52)
Nazarenko I. M., Nazarenko A. V.
The Economic Measuring of Lease Relations of Agribusiness Entities in Sumy region (p. 84 - 90)
The aim of the article is to study effects of reforming the agrarian sector of the national economy and examine the current state of lease land-property relations. The legal support for the agrarian reform is analyzed. On the basis of examining fundamental scientific achievements of Ukrainian scientists related to the issue under study, the positive and negative consequences of reforming the agricultural sector are generalized. The state of land use by agribusiness entities in Sumy region is analyzed. The ranking of regions of Ukraine based on the criterion of the maximum land rent is studied. There presented a detailed consideration of the dynamics of the size of rent paid by agribusiness entities in the studied region as well as of the actually paid amount of rent for land and property shares in the sector. The percentage of rent in the structure of other costs and the total amount of the agricultural production expanses is determined.
Keywords: land shares, property shares, rent, reforming, agribusiness entities
Fig.: 2. Tabl.: 4. Bibl.: 14.

Nazarenko Inna M. – Doctor of Sciences (Economics), Professor, Department of Economic Control and Audit, Sumy National Agrarian University (160 Kondratieva Str., Sumy, 40021, Ukraine)
Email: innan778@ukr.net
Nazarenko Alexandr V. – Candidate of Sciences (Economics), Associate Professor, Department of Economic Control and Audit, Sumy National Agrarian University (160 Kondratieva Str., Sumy, 40021, Ukraine)
Email: alexnazarenko@meta.ua

Reference to this article:
Nazarenko, Inna M., and Nazarenko, Alexandr V. (2016) “The Economic Measuring of Lease Relations of Agribusiness Entities in Sumy region.” The Problems of Economy 4:84–90.

List of references in article

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Zhuk, V. M.Kontseptsiia rozvytku bukhhalterskoho obliku v ahrarnomu sektori ekonomiky [The concept of development of accounting in the agricultural sector]. Kyiv: NNTs IAE, 2009.
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Luzan, Yu. Ya. “Mainovi vidnosyny v pidpryiemnytskykh strukturakh“ [Property relations in business organizations]. Ekonomika APK, no. 9 (2009): 31-34.
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Sabluk, P. T., Mesel-Veseliak, V. Ya., and Fedorov, M. M. “Ahrarna reforma v Ukraini (zdobutky, problemy i shliakhy yikh vyrishennia)“ [Agrarian reform in Ukraine (achievements, problems and ways of their solution)]. Ekonomika APK, no. 12 (2009): 3-13.
Fedorov, M. M. “Zemelna reforma i rozvytok rynkovykh zemelnykh vidnosyn“ [Land reform and the development of market land relations]. Ekonomika APK, no. 7 (2011): 55-60.

Section: Regional economy
UDC 330.35:711.454
Prushkivskyj V. G., Buryak V. V.
The Methodological Background for Harmonizing Components of Sustainable Development of an Industrial City (p. 91 - 97)
The aim of the article is to develop a methodological background for harmonizing components of sustainable development of an industrial city. The ways of harmonization of economic, environmental and social components are studied. It is proposed to use the rule of “golden ratio” to determine the “ideal” values of the components of sustainable development. On the basis of the index method the components of sustainable development are evaluated. The comparative analysis of the actual and harmonic distribution between the sub-indices of sustainable development is performed. Based on the rule of “golden ratio” it is proved that the harmonization allows to state the existence of differences as well as to carry out a quantitative analysis. It is justified that the existence of disharmony between the components of sustainable development requires elaboration of an appropriate mechanism on the basis of redistribution of investment resources as well as other economic instruments to support the components at a certain level.
Keywords: index method, environmental component, economic component, harmonization, the rule of “golden ratio”, industrial city, social component, sustainable development
Fig.: 3. Tabl.: 3. Formulae: 4. Bibl.: 11.

Prushkivskyj Volodymyr G. – Doctor of Sciences (Economics), Professor, Pro-rector, Zaporizhzhya National Technical University (64 Zhukovskoho Str, Zaporіzhzhia, 69063, Ukraine)
Email: pvg942@gmail.com
Buryak Volodymyr V. – Postgraduate Student, Department of Economic Theory and Entrepreneurship, Zaporizhzhya National Technical University (64 Zhukovskoho Str, Zaporіzhzhia, 69063, Ukraine)
Email: v_v2016@ukr.net

Reference to this article:
Prushkivskyj, Volodymyr G., and Buryak, Volodymyr V. (2016) “The Methodological Background for Harmonizing Components of Sustainable Development of an Industrial City.” The Problems of Economy 4:91–97.

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Section: Economics and Enterprise Management
UDC 65.01
Bojinov B. V.
Enterprise Architecture in the Company Management Framework (p. 98 - 106)
The study aims to explore the role and importance of the concept of enterprise architecture in modern company management. For this purpose it clarifies the nature, scope, components of the enterprise architecture and relationships within it using the Zachman model. Based on the critical analysis of works by leading scientists, there presented a definition of enterprise architecture as a general description of all elements of strategic management of the company combined with description of its organizational, functional and operational structure, including the relationship between all tangible and intangible resources essential for its normal functioning and development. This in turn enables IT enterprise architecture to be defined as a set of corporate IT resources (hardware, software and technology), their interconnection and integration within the overall architecture of the company, as well as their formal description, methods and tools for their modeling and management in order to achieve strategic business goals of the organization. In conclusion the article summarizes the significance and role of enterprise architecture for strategic management of the company in today’s digital economy. The study underlines the importance of an integrated multidisciplinary approach to the work of a contemporary company, and the need for adequate matching and alignment of IT with business priorities and objectives of the company.
Keywords: strategic company management, enterprise architecture, business enterprise architecture, IT enterprise architecture, the Zachman model
Fig.: 6. Bibl.: 24.

Bojinov Bojidar Violinov – Candidate of Sciences (Economics), Professor, Professor, Department of Finance and Credit, The D. A. Tsenov Academy of Economics (2 Em. Chakarov Str., Svishtov, 5250, Bulgaria)
Email: b.bojinov@uni-svishtov.bg

Reference to this article:
Bojinov, Bojidar Violinov. (2016) “Enterprise Architecture in the Company Management Framework.” The Problems of Economy 4:98–106.

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Parmo, C. “The use of Enterprise Architecture, IT Strategy and IT Governance at StatoilHydro“ http://www.diva-portal.org/smash/get/diva2:347812/fulltext01.pdf
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Sofa, J., and Zachman, J. “Extending and Formalizing the Framework for Information System Architecture“IBM Systems Journal vol. 31, no. 3 (1992): 590-616.
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Zachman, J. “The Zachman Framework Evolution“ https://www.zachman.com/ea-articles-reference/54-the-zachman-framework-evolution

Section: Economics and Enterprise Management
UDC 005.95:005.334
Gavkalova N. L., Bushman T. S.
The Methodological Approach to Determining the Level of Formation and Provision of Enterprise Personnel Security (p. 107 - 113)
The aim of the article is to substantiate the methodical approach to determining the level of formation and provision of enterprise personnel security. By analyzing, systematizing and generalizing scientific achievements of many scientists, approaches to the evaluation of personnel security at the enterprise were considered, a set of indices for evaluation of personnel security was defined. There justified the urgency of creating a comprehensive approach to evaluation of personnel security that includes implementation of the following stages: defining a list of indices corresponding to the level of formation and provision of personnel security with the help of the expert evaluation method; calculating integral indices of personnel security for each component and the corresponding level by means of the taxonomic analysis; grouping enterprises by the level of formation and provision of personnel security with the use of the cluster and discriminant analysis. It is found that the implementation of this approach will allow not only determining the level of formation and provision of personnel security at the enterprise, but also developing appropriate recommendations on improving its state. Prospects for further research in this direction are evaluation of conditions for formation and provision of personnel security at the enterprise, which will enable revealing negative destabilizing factors that influence personnel security.
Keywords: personnel security, evaluation of personnel security, level of formation of personnel security, level of provision of personnel security
Fig.: 1. Tabl.: 1. Bibl.: 15.

Gavkalova Nataliia L. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Public Administration, Public Administration and Regional Economics, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: ngavl@ukr.net
Bushman Tetiana S. – Postgraduate Student, Ukrainian Engineering and Pedagogical Academy (16 Unіversytetska Str., Kharkіv, 61003, Ukraine)
Email: tatiana.bushman@zaporizhstal.com

Reference to this article:
Gavkalova, Nataliia L., and Bushman, Tetiana S. (2016) “The Methodological Approach to Determining the Level of Formation and Provision of Enterprise Personnel Security.” The Problems of Economy 4:107–113.

List of references in article

Burda, I. Ya. “Analiz rivnia kadrovoi bezpeky na pidpryiemstvakh vydavnycho-polihrafichnoi haluzi“ [Analysis of the level of personnel security at the enterprises of publishing and printing industry]. Naukovyi visnyk Lvivskoho derzhavnoho universytetu vnutrishnikh sprav, no. 2 (2010): 219-226.
Zhydetska, Kh. V. “Do pytan formuvannia systemy pokaznykiv dlia vyznachennia rivnia sotsialno-trudovoi bezpeky pidpryiemstva“ [The questions of formation of system of indicators to determine the level of social and labor security company]. Naukovi zapysky (Ukrainska akademiia drukarstva). Seriia: Ekonomichni nauky, no. 1(50) (2015): 86-95.
Kozachenko, H. V., and Illiashenko, O. V. “Mekhanizm upravlinnia u systemi ekonomichnoi bezpeky pidpryiemstva: pryznachennia, zmist ta struktura“ [The control mechanism in the system of economic security of enterprise: purpose, content and structure]. Visnyk Khmelnytskoho natsionalnoho universytetu, no. 3 (2014): 25-28.
Kopeykin, G. K., and Potemkin, V. K. Ekonomicheskaya bezopasnost v sisteme upravleniya personalom [Economic security in the system of personnel management]. St. Petersburg: SPbGUEF, 2008.
[Legal Act of Ukraine] (2013). http://www.me.gov.ua/Documents/List?lang=uk-UA&tag=MetodichniRekomendatsii
Mihus, I. P., and Chernenko, S. A. “Suchasni metodyky otsinky stanu kadrovoi bezpeky subiektiv hospodarskoi diialnosti“ [Modern methods of assessing the status of personnel security of business entities]. Efektyvna ekonomika. http://www.economy.nayka.com.ua/?op=1&z=1923
Momot, T. V., and Chzhan, Kh. Yu. “Vyznachennia indykatoriv kadrovoi bezpeky v skladi finansovo-ekonomichnoi bezpeky“ [The identification of the indicators of personnel security in the Finance-economic security]. Biznes Inform, no. 8 (2015): 266-271.
Nazarova, H. V., and Lobazov, S. M. “Udoskonalennia metodyky rozrakhunku intehralnoho indeksu kadrovoi bezpeky pidpryiemstva“ [Improvement of methods of calculation of integral index of personnel security of an enterprise]. Ekonomika: realii chasu, no. 1(17) (2015): 134-139.
Novyk, I. V. “Problemy zabezpechennia ta napriamy analizu kadrovoi bezpeky pidpryiemstva“ [Problems of maintenance and directions of the analysis of personnel security of an enterprise]. Naukovi zapysky, no. 4(49) (2014): 130-134.
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Reverchuk, N. I. “Kadrova bezpeka pidpryiemstva ta metodolohiia upravlinnia neiu“ [Personnel security in organization and methodology of management]. Visnyk Universytetu bankivskoi spravy Natsionalnoho banku Ukrainy, no. 1(4) (2009): 159-163.
Tsvetkova, I. I. “Formirovaniye kontseptsii otsenki kadrovoy bezopasnosti predpriyatiya“ [The formation of the concept of assessment of personnel security of an enterprise]. Kultura narodov Prichernomorya vol. 1, no. 278 (2014): 81-84.
Shtanhret, A. M. “Metodolohiia upravlinnia ekonomichnoiu bezpekoiu pidpryiemstv aviatsiinoi haluzi na pryntsypakh ekonomiky znan“ [Methodology of management of economic security of enterprises of the aviation industry on the principles of knowledge economy]. avtoref. dys. … d-ra ekon. nauk: 08.00.04, 2012.

Section: Economics and Enterprise Management
UDC 339.372.842
Grygorenko T. M.
Classification of Franchise Networks in the Retail Trade (p. 114 - 119)
The article clarifies the definitions of the concepts of “franchise network”, “franchise trade network”, “franchise retail network”, which is substantiated by the lack of a unified approach to interpretation of these concepts. The classification of franchise networks in the retail trade taking into account peculiarities in the operation of this sub-sector of the market economy is developed; classification attributes are identified and types of franchise retail chains are characterized. The proposed classification of franchise retail networks is adapted to the economic situation in Ukraine and specifics of the national franchise relations. It will facilitate a deeper understanding of the essence of the formation and operation of franchise retail chains and also help Ukrainian entrepreneurs to justify choosing the most suitable for them franchising model and allow to establish such a network with regard to various attributes using a complex approach.
Keywords: franchise network, franchise trade network, franchise retail network, classification of franchised retail chains
Tabl.: 1. Bibl.: 12.

Grygorenko Tetyana M. – Candidate of Sciences (Economics), Senior Lecturer, Department of Enterprise Trade and Logistics, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: tetyanagrygorenko@gmail.com

Reference to this article:
Grygorenko, Tetyana M. (2016) “Classification of Franchise Networks in the Retail Trade.” The Problems of Economy 4:114–119.

List of references in article

Androshchuk, S. “Tverdaya vygoda myagkogo franchayzinga“ [Hard benefits soft franchising]. Kompanyon, no. 26(282) (2002): 42-44.
Bedrynets, M. “Franchaizynh: svitovyi dosvid i perspektyvy rozvytku v Ukraini“ [Franchising: world experience and development prospects in Ukraine]. Finansy Ukrainy, no. 2 (2001): 96-103.
Zemlyakov, D. N., and Makashev, M. O.Franchayzing. Integrirovannyye formy organizatsii biznesa [Franchising. Integrated forms of business organization]. Moscow: YuNITI-DANA, 2003.
Korolchuk, O. P.Franchaizynh (teoriia, metodolohiia, praktyka) [Franchising (theory, methodology, practice)]. Kyiv: KNTEU, 2006.
Salata, I. Z. “Osnovni poniattia ta zmist formuvannia franchaizynhovoi systemy“ [Basic concepts and contents of development of the franchising system]. http://ena.lp.edu.ua:8080/bitstream/ntb/401/1/15.pdf
Munin, H. B.et al. Franchaizynh u hotelno-restorannomu biznesi [Franchising in hospitality industry]. Kyiv: Kondor, 2008.
Rykova, I. V. “Mirovoy opyt franchayzinga“ [Experience the world of franchising]. Marketolog, no. 4 (2004): 5-10.
Stenvort, D., and Smit, B.Franchayzing v malom biznese: rukovodstvo Barklayz banka [Franchising in small business: the management of Barclays Bank]. Moscow: Audit; Yuniti, 1996.
Sorokina, T. “Franchayzing v roznichnykh setyakh“ [Franchising in retail]. http://www.marketing.spb.ru/lib-mm/sales/fran_in_nets.htm
Tsirat, A. V.Rukovodstvo po sostavleniyu i zaklyucheniiu franchayzingovykh dogovorov: pravo i praktika [Guide to drafting and concluding of franchise agreements: law and practice]. Kyiv: Istina, 2010.
Kuzmin, O., Sukhorska, U., and Myronchuk, T.Franchaizynh u pidpryiemnytskii diialnosti [Franchising in business]. Lviv: Vilna Ukraina, 2007.
Tsirat, A., and Krivonos, E.Franchayzing ot A do Ya: terminologicheskiy slovar [Franchising from A to Z: a Glossary]. Kyiv: Assotsiatsiya franchayzinga, 2004.

Section: Economics and Enterprise Management
UDC 338.4:911.3
Dielini M. M.
Systematization of Instruments of Social and Economic Responsibility of Enterprises: Theoretical Aspect (p. 120 - 126)
The aim of the article is systematization of instruments for implementation of social and economic responsibility of enterprises in Ukraine and theoretical consideration of the presented instruments. The article studies basic views on instruments of social responsibility of business. It is determined which of them are more traditional, and which ones are the latest, that is up to date. Thus, the traditional ones include: philanthropy, charity, sponsorship, volunteering, patronship, monetary grants, equivalent financing. Based on the understanding of the nature of social and economic responsibility of business proposed by the author, to its instruments there can be attributed all traditional instruments, except for volunteering that does not imply obtaining funds for its activities and has only a social effect. There studied modern instruments of business social responsibility, such as social investments, socially responsible investments, social marketing, charity marketing, social programs, social entrepreneurship, social reporting and social expertise, fundraising, socially responsible approaches to doing business and supply chain management. All of them can be regarded as instruments of social and economic responsibility of business.
Keywords: social responsibility of business, social and economic responsibility of business, philanthropy, socially responsible investing, social marketing, social programs, social investment, cash grants
Tabl.: 3. Bibl.: 15.

Dielini Maryna M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management, Information and Analytical Activities and European Integration, National Pedagogical Dragomanov University (9 Pyrohova Str., Kyiv, 01601, Ukraine)
Email: marina.dielini@gmail.com

Reference to this article:
Dielini, Maryna M. (2016) “Systematization of Instruments of Social and Economic Responsibility of Enterprises: Theoretical Aspect.” The Problems of Economy 4:120–126.

List of references in article

Kotler, F., and Li, N.Korporativnaya sotsialnaya otvetstvennost. Kak sdelat kak mozhno bolshe dobra dlya vashey kompanii i obshchestva [Corporate social responsibility. How to make the most good for your company and society]. Kyiv: Standart, 2005.
“Standart SA 8000:2001 Sotsialna vidpovidalnist“ [The standard SA 8000:2001 Social responsibility]. Ustoychyvyy biznes. http://csrjournal.com/1725-standart-sa-80002001-socialnaja-otvetstvennost.html
Kudinova, M. M. “Instrumenty korporativnoy sotsialnoy otvetstvennosti v Ukraine“ [Instruments of corporate social responsibility in Ukraine]. Visnyk KhNAU, no. 11 (2013): 161-171.
Ohorodnyk, V. O. “Fandraizynh - instrument aktyvizatsii sotsialno vidpovidalnoi vzaiemodii subiektiv suspilnykh vidnosyn“ [Fundraising - a tool for promoting socially responsible interaction of subjects of social relations]. Ekonomika i orhanizatsiia upravlinnia, no. 1-2 (2014): 195-199.
Okhrimenko, O. O., and Ivanova, T. V.Sotsialna vidpovidalnist [Social responsibility]. Kyiv: NTUU «KPI», 2015.
Bukharina, L. M. Suchkov A. V. “Vykorystannia sotsialnoi vidpovidalnosti biznesu dlia stvorennia pozytyvnoho imidzhu pidpryiemstva“ [The use of social responsibility of business is to create a positive image of the company]. Ekonomika i orhanizatsiia upravlinnia, no. 1-2 (2014): 48-53.
“Instrumenty korporativnoy sotsialnoy otvetstvennosti“ [Instruments of corporate social responsibility]. Ustoychivyy biznes. http://csrjournal.com/instrumenty-korporativnoj-socialnoj-otvetstvennosti.
Sotsialna vidpovidalnist [Social responsibility]. Kyiv: KNEU, 2015.
Kucheronosov, V. “Blagotvoritelnost i fandreyzing: opredeleniye ponyatiy“ [Charity and fundraising: definitions]. http://cd-platform.org/library/statti/1194-blagotvoritel-nost-i-fandrejzing-opredelenie-ponyatij
Matskiv, R. T. “Sotsialne investuvannia na pidpryiemstvakh naftohazovoho kompleksu“ [Social investment for the oil and gas companies]. Hlobalni ta natsionalni problemy ekonomiky, no. 4 (2015): 482-485.
Sadkov, V., and Kuznetsova, O. “Sotsialnoye i sotsialno otvetstvennoye investirovaniye“ [Social and socially responsible investing]. http://jarki.ru/wpress/2010/01/29/869/
Yanevych, N. Ya. “Sotsialni investytsii: sutnist i klasyfikatsiia“ [Social investments: nature and classification]. Visnyk Natsionalnoho universytetu «Lvivska politekhnika», no. 690: Lohistyka (2010): 144-149.
Ivashchenko, A. I. “Teoretychni aspekty rozvytku sotsialno vidpovidalnoho investuvannia v Ukraini“ [Theoretical aspects of development of socially responsible investment in Ukraine]. Oblik i finansy, no. 3 (2014): 90-95.
Moshenskyi, S. Z. “Sotsialno vidpovidalne investuvannia: sutnist ta perspektyvy rozvytku“ [Socially responsible investing: the nature and prospects of development]. Problemy teorii ta metodolohii bukhhalterskoho obliku, kontroliu i analizu, no. 3(21) (2011): 258-265.
Solomianiuk, N. M. “Fandraizynh yak tekhnolohiia realizatsii sotsialnoho planu marketynhu“ [Fundraising technology the implementation of social marketing plan]. Ekonomichnyi forum, no. 3 (2014): 195-202.

Section: Economics and Enterprise Management
UDC 005.93:339.33
Ilchenko N. B.
Justification of Causal Relationships in Managing Economic Processes at Wholesale Enterprises (p. 127 - 135)
The purpose of this article is to study causal relationships between economic processes occurring at wholesale enterprises and develop a methodological approach to their evaluation. Studying the nature of the causal relationships resulted in determining the evolution of business processes in the wholesale trade of Ukraine. It is proven that wholesale trade has its own development life cycle, which causes a need to improve business processes under modern conditions of implementing the processes of purchase and sale, and interaction of economic entities. Key problems in managing business processes at the wholesale enterprise, their consequences and possibility of eliminating the “bottlenecks” arising in the activities of wholesale enterprises are determined. A mathematical model of causal relationships in managing business processes at the wholesale enterprise that can be unified for all domestic enterprises of Ukraine is suggested. Prospects for further research in this direction are identifying parameters for evaluation of the resource potential of wholesale enterprises that affect the results of their operations. Further development of the methodological approach to evaluating causal relationships in economic processes occurring at wholesale enterprises can significantly improve the system for managing business processes at such enterprises.
Keywords: process, phenomenon, event, causal relationships, business processes, wholesale trade, mathematical model, results and resources matrix
Fig.: 3. Tabl.: 3. Formulae: 6. Bibl.: 11.

Ilchenko Nataliia B. – Doctor of Sciences (Economics), Associate Professor, Head of the Department, Department of Trade Entrepreneurship and Logistics, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: i_natalya@ukr.net

Reference to this article:
Ilchenko, Nataliia B. (2016) “Justification of Causal Relationships in Managing Economic Processes at Wholesale Enterprises.” The Problems of Economy 4:127–135.

List of references in article

Apopii, V. V., and Khomiak, Yu. M. “Sutnist i typolohiia innovatsii v torhivli“ [The nature and typology of innovations in the trade]. Torhivlia, komertsiia, pidpryiemnytstvo, no. 12 (2011): 5-7.
Behlarashvili, O. P. “Vprovadzhennia pidpryiemstvamy optovoi torhivli orhanizatsiinykh ta marketynhovykh innovatsii“ [The introduction of the enterprises of wholesale trade organizational and marketing innovations]. https://knteu.kiev.ua/file/MTc=/1e8a62d3ca6647b78fd23992ec0eb32d.pdf
Bohoslovets, H. M., and Trubei, O. M. “Problemy ta perspektyvy rozvytku pidpryiemstv optovoi torhivli“ [Problems and prospects of development of the enterprises of wholesale trade]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu. Seriia «Ekonomichni nauky» vol. 2, no. 5 (2014): 28-32.
Virt, M. Ya. “Orhanizatsiino-ekonomichnyi mekhanizm funktsionuvannia optovoi torhivli v rynkovomu seredovyshchi“ [Organizational-economic mechanism of functioning of the wholesale trade in the market environment]. dys. … kand. ekon. nauk: 08.00.04, 2009.
Vnutrishnia torhivlia v Ukraini: ekonomichni umovy efektyvnoho rozvytku [Internal trade in Ukraine: economic conditions for effective development]. Kyiv: KNTEU, 2006.
Holoshubova, N. O. “Instytutsiini zminy yak chynnyk innovatsiinoho rozvytku torhivli“ [Institutional changes as a factor of innovative development of trade]. https://knteu.kiev.ua/file/MTc=/1e8a62d3ca6647b78fd23992ec0eb32d.pdf
Yurchenko, Yu. Yu.Optova torhivlia: instytutsionalno-evoliutsiinyi pidkhid [Wholesale trade: institutional-evolutionary approach]. Donetsk: DonNUET, 2012.
Krasota, O. “Zahroza hlobalnoho spadu ekonomiky yak rezultat dii «pryntsypu domino»“ [The threat of a global recession as a result of "the Domino principle"]. Visnyk Kyivskoho natsionalnoho universytetu imeni Tarasa Shevchenka. Seriia «Ekonomika», no. 176 (2015): 27-35.
Kornaukhov, A. V. “Prichinno-sledstvennoye modelirovaniye kak obshchiy metod opisaniya i issledovaniya yavleniy v slozhnykh ierarkhicheski organizovannykh sistemakh“ [Causal modeling as a General method for describing and studying phenomena in complex hierarchically organized systems]. Biofizika vol. 51, no. 2 (2006): 373-381.
Yesipova, K. “Metodyka otsinky efektyvnosti biznes-protsesiv turystychnykh pidpryiemstv“ [The method of estimation of efficiency of business-process of tourist enterprises]. Visnyk KNTEU, no. 2 (2012): 46-58.
Losev, V. S., and Kozerod, L. A. “Otsenka effektivnosti biznes-protsessov promyshlennogo predpriyatiya“ [Evaluation of the effectiveness of business processes of industrial enterprise]. Vestnik TOGU, no. 1(24) (2012): 167-176.

Section: Economics and Enterprise Management
UDC 338.45.01:658
Lepeyko T. I., Balanovych A. M.
Integrated Assessment of the Level of Industrial Enterprise Development (p. 136 - 143)
In the article there determined initial values of indices for assessing the enterprise development chosen in view of availability and content of statistical information at the studied enterprises. To obtain a generalized vision of the composition of indices for assessing the enterprise development and determine the priority of their use, the ranking is carried out. In order to describe a comprehensive general nature of the enterprise development, it is proposed to use a multivariate factor analysis, which enables classifying and systematizing the space of the study attributes, revealing the hidden variables and grouping the factors according to their economic content. The application of the factor analysis is explained by the possibility to correctly reduce the number of variables and determine the structural relationship between them. The application of the integral index to assess the level of the enterprise development can not only generalize and analyze qualitative variables but also enables its further using.
Keywords: development, assessment of the development level, enterprise, integral assessment, industrial enterprise
Fig.: 1. Tabl.: 1. Formulae: 1. Bibl.: 25.

Lepeyko Tetyana I. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Management and Business, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Balanovych Anna M. – Lecturer, Department of Management and Business, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)

Reference to this article:
Lepeyko, Tetyana I., and Balanovych, Anna M. (2016) “Integrated Assessment of the Level of Industrial Enterprise Development.” The Problems of Economy 4:136–143.

List of references in article

Andrushkiv, B. M., Maliuta, L. Ya., and Melnyk, L. M.Stratehichne upravlinnia innovatsiinym rozvytkom pidpryiemstva [Strategic management of innovative development of the enterprise]. Ternopil: TNTU, 2010.
Vinichenko, E. N. “Otsenka sostoyaniya i dinamiki sotsialno-ekonomicheskogo razvitiya predpriyatiy“ [Assessment of the status and dynamics of socio-economic development of enterprises]. Akademichnyi ohliad, no. 2(43) (2015): 68-84.
Dolzhanskyi, I. Z., and Yahniuk, I. M.Stratehiia upravlinnia diialnistiu pidpryiemstva na osnovi zbalansovanoi systemy pokaznykiv [Strategy business management based on balanced scorecard]. Donetsk: SPD Kupriianov V. S., 2012.
Dubrova, T. A., Pavlov, D. E., and Osipova, N. P.Faktornyy analiz s ispolzovaniyem paketa «STATISTICA» [Factor analysis using the package "STATISTICA"]. Moscow: MGU ekonomiki, 2000.
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Ivanov, Yu. B.Konkurentosposobnost predpriyatiya: otsenka, diagnostika, strategiya [Competitiveness of enterprises: assessment, diagnosis, strategy]. Kharkiv: Izd-vo KhNEU, 2004.
Kalinesku, T. V., and Nedobega, E. A. “Analiz i otsenka urovnya sotsialno-ekonomicheskogo razvitiya predpriyatiya“ [Analysis and assessment of the level of socio-economic development of the enterprise]. Biznes Inform, no. 2(2) (2011): 117-119.
Kaplan, R. S., and Norton, D. P.Sbalansirovannaya sistema pokazateley. Ot strategii k deystviyu [A balanced scorecard. From strategy to action]. Moscow: Olimp-Biznes, 2003.
Kyzym, M. O., Pylypenko, A. A., and Zinchenko, V. A.Zbalansovana systema pokaznykiv [Balanced scorecard]. Kharkiv: VD «INZhEK», 2007.
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Maksymenko, I. O. “Deiaki pidkhody do vyznachennia rivnia ekonomichnoho rozvytku pidpryiemstva“ [Some approaches to determining the level of economic development of the enterprise]. Kultura narodov Prichernomorya, no. 161 (2009): 126-128.
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Sydorenko, Yu. V. “Metodolohichni aspekty otsinky stiikoho rozvytku pidpryiemstv“ [Methodological aspects of evaluation of sustainable development of enterprises]. Visnyk ekonomiky transportu i promyslovosti, no. 33 (2011): 137-140.
Stepanova, T. A., Kvilinskiy, A. S., and Syuzyayeva, O. V. “Formirovaniye strategii razvitiya predpriyatiya v usloviyakh izmenchivoy vneshney sredy“ [Formation of strategy of development of the enterprise in the conditions of changeable external environment]. Naukovi pratsi DonNTU. Seriia «Ekonomichna», no. 36-1 (2009): 147-154.

Section: Economics and Enterprise Management
UDC 658.86+339.33
Lupak R. L., Khomytskyi A. I., Nadilnuy O. M.
Methodological Bases of Forming and Implementing the Institutional and Economic Mechanism of Wholesale Enterprise Operation (p. 144 - 150)
The aim of the article is providing the scientific rationale for theoretical and methodological bases of forming and implementing the institutional and economic mechanism of wholesale enterprise operation. As a result of the study there generalized theoretical and methodical bases of the concept of “mechanism” with respect to wholesale trade, and it is concluded that scientific literature does not present its uniform interpretation. The most common in the economic theory and practice of wholesale enterprises types of mechanisms are identified, and their essence in terms of functional orientation is revealed. There presented a conceptual structure of the institutional and economic mechanism of wholesale enterprise operation taking into account the complex nature of trade and intermediary relationships, their peculiarities concerning production areas, exchange, distribution and consumption. The essence of the mechanism elements, relationships between them, the implementation sequence and feedback are defined as well. It was found that the main driving force of the institutional and economic mechanism of wholesale enterprise operation is subjects that operate depending on their own motives. According to the subject composition, economic and institutional motives are determined. With consideration to the composition and motives of the subjects, there defined objects of the institutional and economic mechanism, which are divided into groups comprising those that form economic incentives and the ones that create an institutional basis for wholesale enterprise operation. To ensure effectiveness of the institutional and economic mechanism, there singled out functional blocks that justify its goals and objectives (strategic and managerial block); functions, methods, and measures (operational block); spheres of mutual influence (block of interaction).
Keywords: wholesale enterprise, institutional and economic mechanism, operation, formation, implementation
Fig.: 1. Bibl.: 10.

Lupak Ruslan L. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Economics, Lviv University of Trade and Economics (10 Tuhan-Baranovskoho Str., Lviv, 79005, Ukraine)
Email: economist_555@ukr.net
Khomytskyi Andriy I. – Assistant, Department of Economics, Lviv University of Trade and Economics (10 Tuhan-Baranovskoho Str., Lviv, 79005, Ukraine)
Email: adorosh@ukr.net
Nadilnuy Oleg M. – Masters Student, Lviv University of Trade and Economics (10 Tuhan-Baranovskoho Str., Lviv, 79005, Ukraine)
Email: olegn21@ukr.net

Reference to this article:
Lupak, Ruslan L., Khomytskyi, Andriy I., and Nadilnuy, Oleg M. (2016) “Methodological Bases of Forming and Implementing the Institutional and Economic Mechanism of Wholesale Enterprise Operation.” The Problems of Economy 4:144–150.

List of references in article

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Blyzniuk, O. P. “Ekonomiko-orhanizatsiinyi mekhanizm funktsionuvannia optovoi torhivli“ [Economic-organizing mechanism of the functioning of wholesale trade]. avtoref. dys. ... kand. ekon. nauk: 08.07.05, 2001.
Vlasova, N. O., and Nosach, L. L. “Upravlinnia debitorskoiu i kredytorskoiu zaborhovanostiamy v systemi upravlinnia pidpryiemstvamy optovoi torhivli“ [Management of payables and receivables in the system of management of the enterprises of wholesale trade]. Ekonomichna stratehiia i perspektyvy rozvytku sfery torhivli ta posluh, no. 1 (2010): 194-201.
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Trishkina, N. I. “Tovarna polityka optovoho pidpryiemstva v systemi marketynhu“ [Wholesale commodity policy of the enterprise in the marketing system]. avtoref. dys. ... kand. ekon. nauk: 08.06.01, 2006.
Markides, C. C.Game-Changing Strategies: How to Create New Market Space in Established Industries by Breaking the RulesSan Francisco, USA: Jossey-Bass, 2014.

Section: Economics and Enterprise Management
UDC 005.21
Polyakova Y. O.
The Logical-Semantic Basis for Formation of Main Components of Enterprise Strategy (p. 151 - 156)
The modern interpretation of the essence of enterprise strategy implies transformation of internal characteristics of the enterprise into key success factors in accordance with conditions of the functioning of external environment in order to ensure its sustainable leadership position in the long term and is one of the main elements of the system of enterprise strategic management in today’s business environment. The result of the conducted research is the improvement of the logical-semantic structure of main components of enterprise strategy through the implementation of research by the inductive method, which allowed to determine the logical sequence of stages of forming key success factors, reveal the conditions for transformation of main elements of each stage and conduct a semantic evaluation of the structure of main components of enterprise strategy at each individual stage to implement the processes of goal setting and evaluate results of the implementation of the chosen business strategy.
Keywords: internal characteristics, competitive advantage, key success factors (KSF), strategy, strategic management
Fig.: 2. Bibl.: 13.

Polyakova Yana O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economics and Management FEA, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: Yana.Poliakova@m.hneu.edu.ua

Reference to this article:
Polyakova, Yana O. (2016) “The Logical-Semantic Basis for Formation of Main Components of Enterprise Strategy.” The Problems of Economy 4:151–156.

List of references in article

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Section: Economics and Enterprise Management
UDC 005.935
Prokopenko O. V., Prokopenko M. О.
Evaluation of Modern Tools of Controlling at the Enterprise (p. 157 - 162)
Theoretical and practical aspects of the use of tools for operational and strategic controlling at the enterprise are studied. There carried out a detailed analysis of modern tools of controlling with the subsequent identification of operational and strategic controlling tools that are most adapted for the application at domestic enterprises. Furthermore, the study highlights the advantages and disadvantages of the proposed tools for managers to choose the most effective ones for the implementation of operational and strategic controlling. For each enterprise managers should form its own set of controlling tools considering its individual characteristics and existing problems. Prospects for further research are practical application of the recommended tools and implementation of further analysis of the obtained results in terms of the effect from the introduction of specific controlling tools.
Keywords: enterprise, strategic controlling. operational controlling, controlling tools, portfolio analysis, development of scenarios, analysis of potential
Tabl.: 1. Bibl.: 9.

Prokopenko Olga V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economic Theory, Sumy State University (116 Kharkivska Str., Sumy, 40007, Ukraine)
Email: prokopenko.olha.w@gmail.com
Prokopenko Maryna О. – Student, Balatsky Academic and Scientific Institute of Finance, Economics and Management of Sumy State University (room G-601, 611, building «G», stage 6, 2 Rymskoho-Korsakova Str., Sumy, 40007, Ukraine)

Reference to this article:
Prokopenko, Olga V., and Prokopenko, Maryna О. (2016) “Evaluation of Modern Tools of Controlling at the Enterprise.” The Problems of Economy 4:157–162.

List of references in article

Aniskin, Yu. P., and Pavlova, A. M.Planirovaniye i kontrolling [Planning and controlling]. Moscow: Omega, 2003.
Dolinskaya, R. G., and Mishchenko, V. A.Kontrolling v deystvii [Controlling in action]. Kharkiv: INZhEK, 2008.
Ivanova, V. I., Yakovenko, K. V., and Tomakh, V. V.Kontrolinh [Controlling]. Kharkiv: INZhEK, 2011.
Folmut, Kh. Y.Instrumenty kontrollinga [Controlling instruments]. Moscow: Omega, 2007.
Khailuk, S. O. “Kontrolinh v systemi upravlinnia pidpryiemstvamy molokopererobnoi haluzi“ [Controlling в системі управління підприємствами молокопереробної галузі]. avtoref. dys. … kand. ekon. nauk: 08.00.04, 2008.
Tsyokhla, S. Yu., Pluhar, O. V., and Abaieva, I. V.Kontrolinh [Controlling]. Simferopol: ARIAL, 2013.
Barabash, Yu. O. “Metodolohiia stratehichnoho ta operatyvnoho kontrolinhu“ [Methodology of strategic and operational controlling]. Ekonomichnyi visnyk Zaporizkoi derzhavnoi inzhenernoi akademii, no. 1 (2012): 33-38.
Krivorotov, A. S. “Sistema instrumentov kontrollinga“ [System tools controlling]. Nauchnyy zhurnal KubGAU, no. 33(9) (2011): 1-10.
Rusanovska, O. A. “Systematyzatsiia metodiv ta instrumentiv operatyvnoho kontrolinhu na pidpryiemstvi“ [Systematization of methods and tools of operative controlling at the enterprise]. Visnyk Natsionalnoho universytetu "Lvivska politekhnika", no. 789: Lohistyka (2014): 142-151.

Section: Economics and Enterprise Management
UDC 65.01
Skrynkovskyy R. M., Klyuvak O. V., Protsevyat O. S.
Diagnostics of the Enterprise Export Potential (p. 163 - 170)
The aim of the article is to form and develop theoretical and methodological foundations for diagnostics of the enterprise export potential, which should be understood as a process of identification, analysis and assessment of the level of potential possibility and readiness of the enterprise to implement export activities taking into account the impact of interrelated internal variables (goals, technology, structure, tasks, educational and professional potential of the staff) and factors of the enterprise external environment (customers, competitors, suppliers, intermediaries, contact audience, etc.) in order to ensure a qualitatively new level of its development and formation of its prospects. It is determined that the key business indicators of the system for diagnostics of enterprise export potential are: the level of enterprises competitiveness in the international (global) market; the level of competitiveness of enterprise products; the level of competitiveness of enterprise export products; the level of enterprise resource opportunities; the level of enterprise export performance. Prospects for further research in this direction are to develop a classification (specifically detailed list) of objectives of the enterprise diagnostics by the level of detail (element, partial, complex), taking into account diagnostics of export potential of the enterprise as part of diagnostic objective.
Keywords: enterprise, products, export activities, export potential, diagnostics, business-indicators
Fig.: 3. Formulae: 8. Bibl.: 27.

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
Klyuvak Oksana V. – Candidate of Sciences (Economics), Lecturer, Department of Business Economy and Information Technology, Lviv University of Business and Law (99 Kulparkіvska Str., Lviv, 79021, Ukraine)
Email: oksana_klyuvak@ukr.net
Protsevyat Oksana S. – Leading Specialist, Department of Development of Industrial Sector of the Region and Investment, Institute of Regional Research named after V. I. Dolishniy of the NAS of Ukraine (4 Kozelnytska Str., Lvіv, 79026, Ukraine)
Email: oksanayakhymetc@i.ua

Reference to this article:
Skrynkovskyy, Ruslan M., Klyuvak, Oksana V., and Protsevyat, Oksana S. (2016) “Diagnostics of the Enterprise Export Potential.” The Problems of Economy 4:163–170.

List of references in article

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Piddubna, L. I., and Shestakova, O. A. “Eksportnyi potentsial pidpryiemstva: sutnist i systemni imperatyvy formuvannia ta rozvytku“ [Export potential of an enterprise: essence and systemic imperatives for formation and development]. Visnyk ekonomiky transportu i promyslovosti, no. 37 (2012): 223-229.
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Buhas, N. V., and Pylypenko, Yu. A. “Eksportnyi potentsial u systemi zovnishnyoekonomichnoi diialnosti promyslovoho pidpryiemstva“ [The export potential in the system of foreign economic activity of industrial enterprises]. Visnyk Kyivskoho natsionalnoho universytetu tekhnolohii ta dyzainu. Seriia: Ekonomichni nauky, no. 6(93) (2015): 14-21.
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Piddubna, L. I., and Ivaniienko, K. V. “Faktory formuvannia eksportnoho potentsialu promyslovykh pidpryiemstv“ [Factors of forming of export potential of industrial enterprises]. Upravlinnia rozvytkom, no. 1 (2015): 37-43.
Rybakova, T. O. “Upravlinnia eksportnym potentsialom promyslovoho pidpryiemstva v umovakh rozshyrennia zovnishnyoekonomichnoi diialnosti“ [Management of export potential of industrial enterprises in conditions of expansion of foreign economic activity]. http://www.nbuv.gov.ua/old_jrn/Soc_Gum/VSUNU/2012_11_1/Rlbakova.pdf
Saikevych, M. I., and Saikevych, O. D. “Eksportnyi potentsial silskohospodarskykh pidpryiemstv“ [Export potential of agricultural enterprises]. Innovatsiina ekonomika, no. 3(41) (2013): 104-110.
Piddubna, L. I., and Semikop, Yu. O. “Eksportnyi potentsial mashynobudivnykh pidpryiemstv rehionu: sutnist, struktura i problemy dyversyfikatsii“ [The export potential of machine-building enterprises of the region: essence, structure and problems of diversification]. Visnyk ekonomiky transportu i promyslovosti, no. 26 (2009): 125-133.
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Horokhovatskyi, V. O., Dubnytskyi, V. Yu., and Kobylin, A. M. “Prohramna realizatsiia metodiv ekonomichnoho faktornoho analizu“ [Software implementation of methods of economic factorial analysis]. Systemy obrobky informatsii, no. 4(129) (2015): 130-135.
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Derzhavna sluzhba statystyky Ukrainy: ofits. sait. http://www.ukrstat.gov.ua/
Holovne upravlinnia statystyky u Lvivskii oblasti: ofits. sait. http://www.lv.ukrstat.gov.ua/

Section: Economics and Enterprise Management
UDC 338.3:336.64:621
Chernetska O. V.
The Model of Information Support for Management of Investment Attractiveness of Machine-Building Enterprises (p. 171 - 175)
The article discloses the content of the definition of “information support”, identifies basic approaches to the interpretation of this economic category. The main purpose of information support for management of enterprise investment attractiveness is determined. The key components of information support for management of enterprise investment attractiveness are studied. The main types of automated information systems for management of the investment attractiveness of enterprises are identified and characterized. The basic computer programs for assessing the level of investment attractiveness of enterprises are considered. A model of information support for management of investment attractiveness of machine-building enterprises is developed.
Keywords: information, information support for management of investment attractiveness, financial and economic indicators, financial reporting of the enterprise, automated information systems, investor, form of enterprise ownership, inflation
Fig.: 1. Tabl.: 1. Bibl.: 8.

Chernetska Olga V. – Senior Lecturer, Department of Finance and Credit, International University of Finance (37 Peremohy Ave., Kyiv, 03056, Ukraine)
Email: olga_sitnik@i.ua

Reference to this article:
Chernetska, Olga V. (2016) “The Model of Information Support for Management of Investment Attractiveness of Machine-Building Enterprises.” The Problems of Economy 4:171–175.

List of references in article

Balabanova, L. V. Informatsionnoye obespecheniye obosnovaniya upravlencheskikh resheniy v usloviiakh marketingovoy orientatsii predpriiatiia [Information support of management decisions in the conditions of marketing orientation of the enterprise]. Donetsk: DonGUET im. M. Tugan-Baranovskogo, 2003.
Doroshko, M. V. “Mistse informatsiinoho zabezpechennia investytsiinykh rishen u systemi komunikatsii upravlinskoho aparatu pidpryiemstva“ [Information security investment decisions in the system communications management device enterprise]. Visnyk Lvivskoho universytetu, no. 44 (2010): 470-479.
Lazaryshyna, I. D. “Dzherela informatsiino-analitychnoho zabezpechennia ekonomichnoi bezpeky pidpryiemstva“ [Sources of information and analytical support economic security enterprises]. Visnyk ekonomiky transportu i promyslovosti, no. 38 (2012): 62-65.
Pedchenko, N. S. “Systemnyi pidkhid do instrumentariiu informatsiinoho zabezpechennia stratehichnoho upravlinnia potentsialom rozvytku pidpryiemstva“ [A systematic approach to the tools of information support of strategic management of development potential of the enterprise]. Innovatsiina ekonomika, no. 8(34) (2012): 260-266.
Orlyk, O.V. “Informatsiini systemy v sferi upravlinnia orhanizatsiieiu“ [Information system in the sphere of management of the organization]. Visnyk sotsialno-ekonomichnykh doslidzhen, no. 5 (2012): 188-191.
Stadnyk, V. V.Stratehichne upravlinnia innovatsiinym rozvytkom pidpryiemstva [Strategic management of innovative development of the enterprise]. Khmelnytskyi: KhNU, 2011.
Petruni, Yu. Ye.Pryiniattia upravlinskykh rishen [Managerial decision-making]. Kyiv: Tsentr uchbovoi literatury, 2011.
Yuzva, R. P. “Informatsiine zabezpechennia upravlinnia pidpryiemstvom v umovakh avtomatyzovanykh informatsiinykh system“ [Information support of company management in terms of automated information systems]. Stalyi rozvytok ekonomiky, no. 7 (2011): 64-67.

Section: Economic theory
UDC 338.2
Butenko N. V., Tereshchenko O. L.
Competitive Advantages of Effective Relationships of Business Entities as a Basis for Economic Development of Ukraine (p. 176 - 182)
The aim of the article is to determine the transformation of sense of relationships between business entities in the national economy as well as basic ideas and principles of forming competitive advantages of effective relationships. The objective preconditions for the transition from the confrontation strategy to relationships as a basis of interaction of business entities in the structure of the national economy are analyzed. It is determined that the weakening of the antagonistic dominant of competitive relations and the growing importance of a constructive component of partnership has become a background of the desire of business entities to establish effective relationships. The attention is focused on the trends of the cooperation and integration approach to competitive behavior, which is manifested in such forms of competitive interactions as coordination, constructive interaction and competitive collaboration in order to achieve individual and common goals of competitive relationships of the entities. The competitive advantages based on establishing long-term and effective relationships are considered. The peculiarities in the formation of the system of relationships in the insurance market are justified, in particular the causes hindering the development of relationships in the sphere of security are determined, the main partners — entities in the system of relationships in the insurance market are identified, the levels of relationships management in the insurance market are determined. Among the advantages of the use of effective relationships in the field of insurance are the following: improving the company’s image, attracting new customers, additional sales of insurance services, limiting the access of competitors’ offers, more efficient use of the advertising budget, improving the efficiency of the development of new insurance products and services, increasing the profits and value of brands, improving relations with investors.
Keywords: relationships, business entities, partnerships, competitive advantages, level of relationships
Bibl.: 18.

Butenko Nataliia V. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Entrepreneurship, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: n_butenko@ukr.net
Tereshchenko Olena L. – Head of the Department, Department of Work with Brokers, PrJSC Insurance Company PZU Ukraine (62 Dehtiarivska Str., Kyiv, 04112, Ukraine)
Email: olenatereshchenko123@gmail.com

Reference to this article:
Butenko, Nataliia V., and Tereshchenko, Olena L. (2016) “Competitive Advantages of Effective Relationships of Business Entities as a Basis for Economic Development of Ukraine.” The Problems of Economy 4:176–182.

List of references in article

Butenko, N. V. “Antymonopolna polityka u sferi rehuliuvannia partnerskykh vidnosyn“ [Competition policy in the regulation of partnership]. Problemy ekonomiky, no. 2 (2015): 26-32.
“Yaka stratehiia strukturnykh zmin stvoryt umovy dlia ekonomichnoho rozvytku Ukrainy?“ [What's the strategy for structural change will create conditions for economic development of Ukraine?]. http://ief.org.ua/wp-content/uploads/2015/11/Резюме-доповідей-на-круглий-стіл.pdf
Intehratsiini mozhlyvosti Ukrainy: perspektyvy ta naslidky [The integration potential of Ukraine: prospects and consequences]. Kyiv, 2014.
Druker, P.Zadachi menedzhmenta v XXI veke [Management challenges for the twenty-first century]. Moscow: Vilyams, 2000.
Hrebeshkova, O. M.Fenomen stratehichnoho partnerstva pidpryiemstv: poiasnennia z pozytsii reliatsiinoho pidkhodu [The phenomenon of strategic enterprise partnerships: an explanation from the standpoint of the relational approach]. Sumy: Papirus, 2011.
Butenko, N. V.Rozvytok partnerstva v natsionalnii ekonomitsi [The development of partnerships in the national economy]. Kyiv: Vyd-vo IEP NAN Ukrainy, 2015.
Savchenko, I. A. “Suchasni pidkhody do ekonomichnoi sutnosti konkurentnykh vidnosyn“ [Modern approaches to the economic nature of competitive relations]. Efektyvna ekonomika, no. 2 (2013): 24-28.
Gorbatov, V. M.Konkurentosposobnost i tsikly razvitiya integrirovannykh struktur biznesa [Competitiveness and development cycles of integrated business structures]. Kharkiv: INZhEK, 2006.
Taranenko, I. V. “Formuvannia innovatsiinoi paradyhmy teorii konkurentsii u suchasnykh hlobalizatsiinykh umovakh“ [The formation of an innovative paradigm of competition theory in modern globalization conditions]. Naukovyi visnyk ChDIEU, no. 1(9) (2011): 194-203.
Kristofer, M.Logistika i upravleniye tsepochkami postavok [Logistics and supply chain management]. St. Petersburg: Piter, 2004.
Chukhrai, N., and Hirna, O.Formuvannia lantsiuha postavok: pytannia teorii ta praktyky [The formation of a supply chain: theory and practice]. Lviv: Intelekt-Zakhid, 2007.
Porter, M.Konkurentsiya [Competition]. Moscow: Vilyams, 2005.
Doyl, P., and Shtern, F.Marketing, menedzhment i strategii [Marketing, management and strategy]. St. Petersburg: Piter, 2007.
Kryvoruchko, Ya. Yu., and Pryima, L. R. “Formuvannia konkurentnykh perevah pidpryiemstva u konteksti upravlinnia vidnosynamy z biznes-partneramy“ [Formation of competitive advantages of the enterprise in the context of relationship management with business partners]. Visnyk Natsionalnoho universytetu «Lvivska politekhnika», no. 690 (2010): 347-352.
Gritsenko, A. A. “Iyerarkhiya i setevyye struktury institutsionalnoy arkhitektoniki ekonomicheskikh system“ [Hierarchy and network structures of the institutional architecture of economic systems]. Naukovi pratsi Donetskoho natsionalnoho tekhnichnoho universytetu. Seriia: Ekonomika, no. 31-7(117) (2007): 111-122.
Khytra, O. “Synerhetychni pryntsypy funktsionuvannia merezhevykh struktur u mizhnarodnomu biznesi“ [Synergistic principles of functioning of network structures in international business]. Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu, no. 5 (2010): 256-268.
Dyer, J. “The relational view: Cooperative strategy and sources of inter-organizational competitive advantage“Academy of Management Journal vol. 23, no. 4 (1998): 660-679.
Moller, K. M., and Hallinen, K. A. “Relationships Marketing Theory: Its Roots and Direction“Journal of Marketing Management vol. 16 (2000): 29-54.

Section: Economic theory
UDC 336.221.22
Vishnevsky V. P., Rekova N. Y.
Principles, Economic and Institutional Prerequisites for Fiscal Decentralization under Conditions of Post-Conflict Reconstruction (p. 183 - 189)
The aim of the article is to study principles, economic and institutional prerequisites for fiscal decentralization on post-conflict territories. It is determined that fiscal decentralization is one of the main ways to solve problems of post-conflict areas. There justified principles, economic and institutional prerequisites of fiscal decentralization on post-conflict territories with regard to the specificity of individual spheres of fiscal relations. Moreover, different spheres of fiscal relations require different approaches: the sphere of public revenues — providing economic efficiency with the formation of the tax structure contributing to the expansion of the tax base; the sphere of public spending — ensuring social justice and transparency in allocation of social cost at the local level; the sphere of subsidies — narrowing the scope of application of intergovernmental transfers with organizing the redistribution of financial resources under the principle of “center - post-conflict regions - post-conflict recipients”; the sphere of external assistance — ensuring proper coordination for cultivation of new co-operative institutions.
Keywords: principles, prerequisites, fiscal decentralization, post-conflict territories
Bibl.: 30.

Vishnevsky Valentine P. – Doctor of Sciences (Economics), Professor, Academician of NAS of Ukraine, Head of Department, Department of Financial and Economic Problems of the Use of Production Capacity, Institute of Industrial Economics of NAS of Ukraine (2 Mariia Kapnist Str., Kyiv, 03057, Ukraine)
Email: vvishn@gmail.com
Rekova Nataliia Yu. – Doctor of Sciences (Economics), Professor, Chief research scientist, Research Sector, Donbass State Academy of Machine Building (72 Akademichna Str., Kramatorsk, Donetsk region, 84313, Ukraine)
Email: natarekova@gmail.com

Reference to this article:
Vishnevsky, Valentine P., and Rekova, Nataliia Yu. (2016) “Principles, Economic and Institutional Prerequisites for Fiscal Decentralization under Conditions of Post-Conflict Reconstruction.” The Problems of Economy 4:183–189.

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Rajan, R., and Subramanian, A. “Aid and Growth: What Does the Cross-Country Evidence Really Show?“Review of Economics and Statistics vol. 90, no. 4 (2008): 643-665.

Section: Economic theory
UDC 378.14
Savytska N. L., Ushakova N. G., Pominova I. I.
The Market for Higher Education Services in the Context of the Theory of Merit Goods (p. 190 - 196)
The aim of the article is to determine features of the market for higher education services under modern conditions of globalization in the context of the theory of merit goods. In view of a holistic vision of education as a sphere of economic development, it is proved that the educational service of a higher education institution is a process and result at the same time; there disclosed a complex nature of the educational product of a higher education establishment represented by educational programs and technologies, formalized and implicit knowledge, physical and mental components of organization of the educational and scientific process. Services in the sphere of higher education have both features inherent in the majority of services in general and specific properties, the most important of which is a complementary nature of individual and social usefulness of their production and consumption, which allows to define them as merit goods. The state tutelage over the market for educational services is substantiated by the lag of demand for such services behind long-term interests of society because individual consumers are willing to buy merit goods at a price that is significantly lower than the total expenditure on training specialists. The merit market for national higher education services is characterized by disequilibrium caused by systemic and local institutional traps, the smoothing of which requires not only a competitive state educational policy but also balanced marketing policy of educational institutions that becomes possible under conditions of real autonomy of higher education institutions.
Keywords: educational service, higher education, educational product, merit goods, merit services market
Fig.: 4. Bibl.: 14.

Savytska Nataliia L. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Marketing and Commercial Activities, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: natalisavitska2010@gmail.com
Ushakova Nataliia G. – Candidate of Sciences (Economics), Professor, Head of the Department, Department of Economic Theory and Law, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: ushakov.nata@mail.ru
Pominova Iryna I. – Candidate of Sciences (Economics), Associate Professor, Department of Economic Theory and Law, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: pominova.i@mail.ru

Reference to this article:
Savytska, Nataliia L., Ushakova, Nataliia G., and Pominova, Iryna I. (2016) “The Market for Higher Education Services in the Context of the Theory of Merit Goods.” The Problems of Economy 4:190–196.

List of references in article

Bashnianyn, H. I. “Znachennia osvity u stratehii rozvytku perekhidnoi systemy ekonomiky“ [The importance of education in the strategy of development of the transition economy]. Naukovyi visnyk NLTU Ukrainy, no. 22 (2012): 372-378.
Oharenko, V. M.Derzhavne rehuliuvannia diialnosti vyshchykh navchalnykh zakladiv na rynku osvitnikh posluh [State regulation of the activities of higher educational institutions on the educational services market]. Kyiv: NADU, 2005.
Savytska, N. L. “Osvita i hospodarskyi rozvytok: teoretyko-metodolohichne osmyslennia bazovykh katehorii“ [Education and economic development: theoretical and methodological understanding of the basic categories of]. Ekonomika. Upravlinnia. Innovatsii. nbuv.gov.ua/j-pdf/eui_2014_2_41.pdf
Savytska, N. L. “Rol osvity v hospodarskomu rozvytku: aspekty metodolohii“ [The role of education in economic development: aspects of methodology]. Fundamental and applied science. Vol. 5. Sheffield: Science and education LTD, 2014. 21-23.
Zveryakov, M. I. “Ekonomicheskaya sotsiodinamika: rol gosudarstva v sovremennoy ekonomike“ [Economic sociodynamics: the role of the state in modern economy]. Ekonomicheskaya teoriya, no. 4 (2013): 109-110.
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Section: Finance and banking
UDC 336.1
Kovalenko V. M., Dropa Y. B.
Problems and Features of Forming Resources of the Ukrainian Financial System (p. 197 - 204)
The article defines the essence of financial resources of the national economy and discloses features of their formation in the process of flow of funds between the state, economic entities, households and international financial and credit institutions. The economic content of financial resources of the state is highlighted, and sources of their formation are studied; the dynamics of volumes of the budgetary fund, government borrowings and debt servicing costs in Ukraine are analyzed. The author’s understanding of the nature of enterprise financial resources is suggested, the aggregate of sources of their generation is justified, the dynamics of forming equity and total capital in domestic enterprises is assessed. The essence and role of financial resources of households in the country’s financial system is determined, the analysis of the population income, expenses and savings is performed. Using the correlation and regression analysis there investigated the relationship between the gross domestic product, budget resources, savings of citizens, government borrowings and their servicing costs.
Keywords: financial resources of the national economy, financial system, economic entities, households, government borrowings, savings, equity capital, market economy
Fig.: 6. Formulae: 1. Bibl.: 8.

Kovalenko Viktor M. – Candidate of Sciences (Economics), Professor, Department of Finance, Money Turnover and Credit, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79000, Ukraine)
Dropa Yaroslav B. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Money Turnover and Credit, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79000, Ukraine)
Email: dropa@ukr.net

Reference to this article:
Kovalenko, Viktor M., and Dropa, Yaroslav B. (2016) “Problems and Features of Forming Resources of the Ukrainian Financial System.” The Problems of Economy 4:197–204.

List of references in article

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Kovalenko, N. I. “Evoliutsiia teoretychnykh pohliadiv shchodo sutnosti finansovykh resursiv derzhavy“ [Evolution of theoretical views about the nature of the financial resources of the state]. Ekonomika ta derzhava, no. 12 (2012): 42-44.
Kozachok, I. A. “Ekonomichna sutnist ta dzherela formuvannia finansovykh resursiv pidpryiemstva“ [The economic entity and the sources of formation of financial resources of the enterprise]. http://www.zgia.zp.ua/gazeta/evzdia_2_077.pdf
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Section: Finance and banking
UDC 336.711
Krasnova I. V.
The Nature and Structural Regularities of Financial Integration in the Global Dimension in the Context of “Impossible Trinity” (p. 205 - 212)
The aim of the article is to determine the nature of financial integration and to justify its place in the system of measures on state regulation intended to search for a balanced model of economic growth of the country through the impossible trilemma reflecting the impossibility of simultaneous implementation of three macro-economic policies in one country, namely financial openness, monetary independence and exchange rate stability. On the basis of synthesis, analysis and comparison of different interpretations, the concept of “financial integration” is clarified. There identified signs of integration of financial markets, such as: the uniformity of rules (transparency); equal access (availability); common operating environment (involvement); equity of prices (unity); uniformity of the reaction of financial assets on the impact of external trends and news (response). The policy of financial integration, in particular its component of the free movement of capital is designed to provide additional incentives to domestic economic growth by attracting external financial resources. To stimulate the economy and prevent the unstable volatility of exchange rate, many countries seek to achieve such macroeconomic goals as openness of financial markets, independence of the monetary policy and exchange rate stability. Since the monetary authorities may choose at any moment only two of the three goals, the Mundell-Fleming trilemma determines a possibility of three different combinations of monetary targeting. At present science has not developed a unified methodological approach to determination of indices of financial integration. To assess the dynamics of financial integration the following basic indices of integration are used: KAOPEN, FINREFORM, KASHI, etc. Based on the analysis of the mentioned indices in the context of different countries, there can be made a conclusion about a possibility of combination of different policies with a tendency towards financial integration. In today’s environment it is expedient to use the policy of monetary stimulation of growth rather than support unproductive monetary contraction. The prospect of further research is working out directions of monetary policy taking into account priorities in the country’s development.
Keywords: financial integration, trilemma, monetary policy, exchange rate, inflation, indicators of financial integration
Fig.: 4. Formulae: 1. Bibl.: 12.

Krasnova Iryna V. – Doctor of Sciences (Economics), Professor, Professor, Department of Banking and Insurance, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: krasnova_iryna@kneu.edu.ua

Reference to this article:
Krasnova, Iryna V. (2016) “The Nature and Structural Regularities of Financial Integration in the Global Dimension in the Context of “Impossible Trinity”.” The Problems of Economy 4:205–212.

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Akyuz, Y. “The boom in capital flows to developing countries: Will it go bust again?“Eckonomitek vol. 1 (2012): 63-96.
Bruno, V., and Shin, H. “Capital flows, cross-border banking and global liquidity. Griswold Center for Economic Policy Studies“Working paper, no. 237a, June (2013).

Section: Finance and banking
UDC 336.71:330.1
Lavreniuk V. V., Shevchuk V. V.
The Nature and Assessment of Systemic Risk in Terms of Liquidity of the Banking System (p. 213 - 222)
The aim of the article is to determine the nature of systemic risk as a threat to the financial stability of the banking system and develop analytical tools to assess its impact on the banking system in terms of its liquidity. To solve the tasks assigned, there used general scientific and specific methods, such as: logical and dialectical method, mathematical and graphical one. Based on the generalization, analysis and comparison of different interpretations, there clarified the concept of “systemic risk” as a risk generated by financial institutions or individual sectors through the implementation of the mechanism of risk transmission, achieving significant scale of distribution and adversely affecting the stability of the financial system and the real sector of economy. There identified key aspects of systemic risk: a) systemic risk is not a sum of all individual risks of financial institutions; b) spreads through the channels of interconnectedness between financial institutions; c) is a result of accumulated structural imbalances; d) affects the stability of the financial/banking system, public confidence and the real sector of economy. Analytical tools for estimation of the bank’s contribution to the systemic liquidity risk on the basis of which it is determined that the first place in terms of the effect on the aggregate systemic risk of liquidity of the Ukrainian banking system is occupied by banks of Group I, the second place — by Privatbank, the third, fourth, fifth places — by banks in Group II — Oschadbank, Ukreximbank. It is found that it is systemically important state-owned banks that have a significant impact on systemic liquidity risk. It is determined that the probability of default of a leading systemically important bank could result in considerable cumulative losses for the entire banking system and real economy. The prospects of further research are the development of tools for systemic risk assessment with respect to interbank relationships.
Keywords: liquidity, systemic risk, stability of the banking system, systemically important bank, macroprudential policy
Fig.: 3. Tabl.: 5. Formulae: 1. Bibl.: 15.

Lavreniuk Vladyslav V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Banking and Insurance, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: lavrenkneu@ukr.net
Shevchuk Volodymyr V. – Assistant, Department of Management of Banking, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: v.s.lawyer@mail.ru

Reference to this article:
Lavreniuk, Vladyslav V., and Shevchuk, Volodymyr V. (2016) “The Nature and Assessment of Systemic Risk in Terms of Liquidity of the Banking System.” The Problems of Economy 4:213–222.

List of references in article

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Artiukhov, V. V.Obshchaya teoriya sistem: Samoorganizatsiya, ustoychivost, raznoobraziye, krizisy [General systems theory: self-organization, sustainability, diversity, crises]. Moscow: LIBROKOM, 2012.
Chemerys, V., and Zaruba, Yu. “Systemnyi ryzyk u diialnosti finansovoho sektora: peredumovy, dzherela ta faktory“ [Systemic risk in the financial sector: preconditions, sources and factors]. Visnyk NBU, no. 9 (2012): 42-45.
Dardac, N., and Moinescu, B. “Assessing the inter-bank contagion risk using quantitative methods“Studii si Cercetari de calcul economic si cibernetica economica, no. 4 (2006): 5-22.
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Cifuentes, R. “Banking Concentration: Implications For Systemic Risk and Safety Net Designs“ Central Bank of Chile Working Papers. http://si2.bcentral.cl/public/pdf/banca-central/pdf/v7/359_385cifuentes.pdf
De Bandt, O., and Hartmann, P. “Systemic risk: A survey“ ECB,Working Paper Series. https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp035.pdf
Lavreniuk, V. V. “Systemno vazhlyvi banky v instytutsiinii arkhitekturi bankivskoi systemy“ [Systemically important banks in the institutional architecture of the banking system]. In Bankivska systema Ukrainy: instytutsiini zminy ta innovatsiiKyiv: KNEU, 2015.
Krasnova, I. V., and Lavreniuk, V. V. “Sutnist ta kryterii identyfikatsii systemno vazhlyvykh bankiv“ [The essence and criteria of identification of systemically important banks]. Visnyk NBU, no. 5 (2015): 55-60.
“Pokaznyky rivnia systemnoho ryzyku SRISK“ [Indicators of the level of systemic risk, SRISK]. Ofitsiinyi sait Volatility Institute, Shkoly biznesu Sterna pry Niu-Iorkskomu universyteti. http://vlab.stern.nyu.edu/
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Dadashev, B. A. “Rehuliuvannia likvidnosti bankivskoi systemy“ [Regulation of liquidity in the banking system]. Visnyk Dnipropetrovskoho universytetu. Seriia: Ekonomika, no. 6(2) (2012): 70-77.
Suchkova, E. O., and Zdorova, N. V. “Sistemno znachimyye banki: vyyavleniye kriteriyev i otsenka riskov dlya bankovskoy sistemy“ [Systemically important banks: identification criteria and risk assessment for the banking system]. Bankovskoye delo, no. 33(609) (2014): 17-24.

Section: Social economy, policy and demography
UDC 369.01
Belinska Y. V., Safonik N. P.
Features and Basic Directions of Social Protection of Disabled People: International Experience and Possibilities of its Application in Ukraine (p. 223 - 230)
The aim of the article is to study foreign experience in the functioning of social protection of disabled people and determine the possibilities of its use in Ukraine. As a result of the study there identified the features and main directions of social protection of disabled people in foreign countries, including assistance in daily life; provision of support of income, living standards, and employment. The basic model of social protection in countries of the European Union is considered and the distribution of expenditure on social protection in the EU is analyzed. It is found that social protection of disabled people should be directed at social support of this category of citizens because the degree of state social protection of the disabled is a clear indicator of the level of development and civilization of a particular society, the level of its responsibility. Based on the analysis of foreign experience in social protection of people with disabilities, there made conclusions about the need to direct today’s Ukraine policy at strengthening social, economic, and legal status of people with disabilities; improving the conditions of their life; providing for their self-realization, achievement of their financial independence and full social integration, taking into account the best international experience.
Keywords: social protection of the disabled, social assistance, social protection model, employment of people with disabilities, job quotas
Fig.: 1. Tabl.: 4. Bibl.: 15.

Belinska Yanina V. – Doctor of Sciences (Economics), Professor, Professor, Department of International Economics, The University of the State Fiscal Service of Ukraine (31 Universytetska Str., Irpіn, Kyiv region, 08201, Ukraine)
Email: 071065@ukr.net
Safonik Nataliia P. – Postgraduate Student, Department of International Economics, The University of the State Fiscal Service of Ukraine (31 Universytetska Str., Irpіn, Kyiv region, 08201, Ukraine)
Email: vityuk-natasha@mail.ru

Reference to this article:
Belinska, Yanina V., and Safonik, Nataliia P. (2016) “Features and Basic Directions of Social Protection of Disabled People: International Experience and Possibilities of its Application in Ukraine.” The Problems of Economy 4:223–230.

List of references in article

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Berezovska, L. I. “Zarubizhnyi i vitchyznianyi dosvid sotsialnoho zakhystu liudei z osoblyvymy potrebamy“ [Foreign and domestic experience of social protection of people with special needs]. Aktualni problemy navchannia ta vykhovannia liudei z osoblyvymy potrebamy, no. 7 (2010): 190-195.
Bondar, N. O. “Osoblyvosti ta osnovni napriamy sotsialnoho zakhystu invalidiv u krainakh YeS“ [Features and main directions of social protection of disabled persons in the EU]. Biznes Inform, no. 6 (2012): 120-124.
Zubenko, V. V. et al. “Biudzhetnyi monitorynh: Analiz vykonannia biudzhetu za 2013 rik“ [Budget monitoring: Analysis of budget execution in 2013]. In Proekt «Zmitsnennia mistsevoi finansovoi initsiatyvy (ZMFI-II) vprovadzhennia»Kyiv, 2014.
Zubenko, V. V. et al. “Biudzhetnyi monitorynh: Analiz vykonannia biudzhetu za 2014 rik“ [Budget monitoring: Analysis of budget execution in 2014]. In Proekt «Zmitsnennia mistsevoi finansovoi initsiatyvy (ZMFI-II) vprovadzhennia»Kyiv, 2015.
Zubenko, V. V. et al. “Biudzhetnyi monitorynh: Analiz vykonannia biudzhetu za 2015 rik“ [Budget monitoring: Analysis of budget execution in 2015]. In Proekt «Zmitsnennia mistsevoi finansovoi initsiatyvy (ZMFI-II) vprovadzhennia»Kyiv, 2016.
Vorotin, V. Ye., and Demchak, R. Ye. “Formuvannia systemy sotsialnoi bezpeky naselennia v krainakh z riznym rivnem rozvytku rynkovykh vidnosyn“ [The formation of the system of social security of the population in countries with different levels of development of market relations]. Teoretychni i praktychni aspekty ekonomiky ta intelektualnoi vlasnosti vol. 1, no. 2 (2012): 230-234.
Didyk, S. M. “Zarubizhnyi dosvid finansuvannia sotsialnoho zakhystu naselenniu“ [Foreign experience of financing of social protection to the population]. Visnyk Khmelnytskoho natsionalnoho universytetu vol. 1, no. 4 (2010): 127-129.
Yevsieienko, V. O. “Evoliutsiia modelei orhanizatsii sotsialnoho zakhystu v krainakh Yevropeiskoho Soiuzu“ [The evolution of the organization models of social protection in the European Union]. Visnyk sotsialno-ekonomichnykh doslidzhen, no. 41(2) (2011): 287-292.
Zaiarniuk, O. V. “Zarubizhnyi dosvid spryiannia zainiatosti invalidiv“ [International experience in promoting employment of persons with disabilities]. Naukovi pratsi Kirovohradskoho natsionalnoho tekhnichnoho universytetu. Seriia «Ekonomichni nauky», no. 20(2) (2011): 81-86.
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Section: Mathematical methods and models in economy
UDC 004.94:519.8:658.8
Vitlinskyy V. V., Skitsko V. I.
Conceptual Aspects in the Modeling of Logistical Risk of the Networked Information Economy with the Use of Tools of Natural Computing (p. 231 - 237)
Information and communication tools and technologies are rapidly changing daily lives of people and business processes in economic activity primarily in the field of logistics. In particular, the innovative nature of these transformations leads to the emergence of new logistical risks, changing the essence of the existing ones, which needs to be taken into account in the management of logistics systems at various levels. Besides, the problem of Big Data has become increasingly urgent, which, on the one hand, can improve the validity of making managerial decisions, on the other hand — they (Big Data) require modern tools for their production, processing and analysis. As such tools there can be used methods and models of natural computing. In the paper the basics of ant and bee algorithms, the particle swarm method, artificial immune systems are summarized; the possibilities of their application in the modeling of various types of logistical risk are demonstrated, the formalization of the problem of risk modeling with the use of an artificial immune system being given as a conditional example.
Keywords: logistical risk, networked information economy, natural computing, collective artificial intelligence, Industry 4.0, Big Data
Bibl.: 25.

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

Reference to this article:
Vitlinskyy, Valdemar V., and Skitsko, Volodymyr I. (2016) “Conceptual Aspects in the Modeling of Logistical Risk of the Networked Information Economy with the Use of Tools of Natural Computing.” The Problems of Economy 4:231–237.

List of references in article

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“Allianz Risk Barometer 2015: Businesses exposed to increasing number of disruptive scenarios“ http://www.agcs.allianz.com/assets/PDFs/Reports/Allianz-Risk-Barometer-2015_EN.pdf
“Allianz Risk Barometer 2016“ http://www.agcs.allianz.com/assets/PDFs/Reports/AllianzRiskBarometer2016.pdf/
Vitlinskyi, V. V., and Skitsko, V. I. “Kontseptualni zasady modeliuvannia ta upravlinnia lohistychnym ryzykom pidpryiemstva“ [Conceptual framework of modelling and managing logistics risk of an enterprise]. Problemy ekonomiky, no. 4 (2013): 246-253.
Scheer, A.-W. “Industry 4.0: From vision to implementation“ Whitepaper. 2015. http://aws-institut.de/wp-content/uploads/2016/02/AWScheer_Whitepaper5_Industry-4-0-EN.pdf
Hulsmann, T. “Logistics 4.0 and The Internet of Things“ Workshop «Platforms for connected Factories of the Future». http://ec.europa.eu/information_society/newsroom/image/document/2015-44/8_huelsmann_11945.pdf
Field, A. “Logistics get a lot smarter“ http://newsroom.cisco.com/feature-content?articleId=1722112
Macaulay, J. et al. “Internet of Things in Logistics: A collaborative report by DHL and Cisco on implications and use cases for the logistics industry“ DHL Trend Research, Cisco Consulting Services. 2015. http://www.dhl.com/content/dam/Local_Images/g0/New_aboutus/innovation/DHLTrendReport_Internet_of_things.pdf
Hryhorak, M. Yu. “Teoretychni polozhennia intelektualno zoriientovanoi lohistyky“ [Theoretical principles of the intellectually oriented logistics]. Biznes Inform, no. 2 (2015): 20-29.
Schroder, M. et al. “Industry 4.0 And Its Impact On Supply Chain Risk Management“ 14th International Conference «Reliability and Statistics in Transportation and Communication (RelStat)». http://www.tsi.lv/sites/default/files/editor/science/Conferences/RelStat14/schroeder_indorf_kersten.pdf
Datsko, M. V., and Tsvir, L. R. “Pobudova transportnykh marshrutiv u lohistytsi“ [Building of transport routes in logistics]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu vol. 4, no. 16 (2016): 152-155.
Kuzemin, O., and Dayub, Ya. “Muravinyy algoritm i uchet riska v transportnoy zadache“ [Ant algorithm and accounting for risk in the transport task]. Bionika intellekta, no. 3(74) (2010): 144-148.
Vitlinskyi, V. V.Modeliuvannia ekonomiky [Modeling of economy]. Kyiv: KNEU, 2003.
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Balabanova, L. V., and Hermanchuk, A. M.Lohistyka [Logistics]. Lviv: Mahnoliia 2006, 2013.
Subbotin, S. O., Oliinyk, A. O., and Oliinyk, O. O.Neiteratyvni, evoliutsiini ta multyahentni metody syntezu nechitko lohichnykh i neiromerezhnykh modelei [Nethertown, evolutionary and multiagent methods of synthesis of fuzzy logic and neural network models]. Zaporizhzhia: ZNTU, 2009.
Yershov, N. M., and Popova, N. N. “Lektsiya 2. Muravinyye algoritmy“ [Lecture 2. Ant algorithms]. http://naturalmodels.blogspot.com/2015/03/2.html
Lotysh, V. V., and Lotysh, Ya. V. “Prohramna realizatsiia alhorytmu bdzhil dlia poshuku ekstremuma funktsii“ [Software implementation of bees algorithm for finding the extremum of functions]. Kompiuterno-intehrovani tekhnolohii: osvita, nauka, vyrobnytstvo, no. 8 (2012): 67-70.
Yershov, N. M., and Popova, N. N. “Lektsiya 3. Metod roya chastits“ [Lecture 3. Particle swarm optimization]. http://naturalmodels.blogspot.com/2015/03/3.html
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Baranyuk, V. V., and Smirnova, O. S. “Detalizatsiya ontologicheskoy modeli po royevym algoritmam, osnovannym na povedenii nasekomykh i zhivotnykh“ [Detailing ontological model for swarm algorithms based on the behavior of insects and animals]. International Journal of Open Information Technologies vol. 3, no. 12 (2015): 18-27.
Titova, V. Yu. “Lektsiia № 7 z predmetu «Systemy shtuchnoho intelektu». Tema: Shtuchni imunni systemy“ [Lecture 7 on the subject of "artificial intelligence Systems". Topic: Artificial immune systems]. https://msn.khnu.km.ua/pluginfile.php/180787/mod_resource/content/2/ЛЕКЦІЯ№7.pdf
Bryukhovetskiy, A. A., and Skatkov, A. V. “Primeneniye modeley iskusstvennykh immunnykh system dlya resheniya zadach mnogomernoy optimizatsii“ [The application of models of artificial immune systems for solving problems of multidimensional optimization]. , no. 12 (2010): 119-122.
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Section: Mathematical methods and models in economy
UDC 330.46
Dilenko V. O., Gulyaeva N. A.
Some Approaches to the Accounting and Analysis of the Impact of Scientific and Technological Progress in the Harrod-Domar Economic Growth Model (p. 238 - 243)
The paper presents methods for the accounting of autonomous and induced scientific and technological progress in the Harrod-Domar model of economic dynamics that imply determining the incremental capital/output ratio of the model in the form of special functions of time. As part of the received version of the Harrod-Domar model, on the basis of conditional data there conducted a numerical study of some aspects of the impact of parameters of scientific and technological progress and the initial state of the economy being modeled on peculiarities of corresponding trajectories of its dynamics. A simple economic and mathematical problem of determining an optimal value of investments in the implementation of the induced STP is formulated, and content interpretation of the obtained solution is carried out. Possible directions of development of the obtained results may be associated with the application of the proposed modification of the Harrod-Domar model to build and analyze mathematical models of optimal economic growth in view of the induced STP, as well as with the prospective use of these results to improve dynamic models of the Leontief type in terms of considering innovation processes (scientific and technical progress of various kinds).
Keywords: economic growth, Harrod-Domar model, scientific and technological progress, economic and mathematical analysis
Fig.: 4. Formulae: 17. Bibl.: 9.

Dilenko Viktor O. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Applied Mathematics and Information Technologies, Odesa Polytechnic National University (1 Shevchenko Ave., Odesa, 65044, Ukraine)
Email: v.dilenko@gmail.com
Gulyaeva Natalia A. – Senior Lecturer, Department of Applied Mathematics and Information Technologies, Odesa National Polytechnic University (1 Shevchenka Ave., Odesa, 65044, Ukraine)
Email: gulyaeva_nata@rambler.ru

Reference to this article:
Dilenko, Viktor O., and Gulyaeva, Natalia A. (2016) “Some Approaches to the Accounting and Analysis of the Impact of Scientific and Technological Progress in the Harrod-Domar Economic Growth Model.” The Problems of Economy 4:238–243.

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Section: Mathematical methods and models in economy
UDC 332.1:338.43
Dmytryshyn L. I., Brynzei B. S.
Spatial and Structural Analysis of Efficiency of Agriculture Production in Regions of Ukraine (p. 244 - 253)
The aim of the article is carrying out spatial and structural analysis of efficiency of agricultural production in regions of Ukraine. A technique for analyzing the use of resources on the basis of elasticity coefficients is proposed. To improve the efficiency of agricultural production it is important to know what kind of resources – material, labor, environmental or organizational and technical – is used less efficiently in order to ascertain the reasons for the further decrease in the production efficiency in general. To compare the performance of individual components of efficiency, it is proposed to use not usual parameters of the regression equation obtained for absolute values of the indicators, but the elasticity coefficients, which relate the change of factors-indicators and the performance indicator as a percentage of their average values. Thus the sensitivity of the performance indicator to indicators-factors is estimated. Taking into account the features of building the model of efficiency components, their made an assumption that the function of dependence of overall efficiency of agricultural production from its components is a linear one. The analysis of elasticity coefficients of the overall efficiency by its components showed a low level of their influence on the overall efficiency of agricultural production in regions. To understand this situation, the influence of the indicators on each component of efficiency is studied. With this purpose a complex of models of efficiency components is built for each region of Ukraine. The conducted through the use of elastic coefficients spatial and structural analysis of efficiency showed that each region has its own peculiarities in the development of agriculture, and, consequently, its determinants of influence on its efficiency.
Keywords: region, efficiency, agriculture, elasticity
Fig.: 1. Tabl.: 5. Formulae: 4. Bibl.: 9.

Dmytryshyn Lesia I. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economic Cybernetics, Precarpathian National University named after V. Stefanyk (57 Shevchenka Str., Ivano-Frankіvsk, 76018, Ukraine)
Email: lesia.dmytryshyn@pnu.edu.ua
Brynzei Bohdan S. – Postgraduate Student, Department of Economic Cybernetics, Precarpathian National University named after V. Stefanyk (57 Shevchenka Str., Ivano-Frankіvsk, 76018, Ukraine)
Email: dmytryshyn_l@hotmail.com

Reference to this article:
Dmytryshyn, Lesia I., and Brynzei, Bohdan S. (2016) “Spatial and Structural Analysis of Efficiency of Agriculture Production in Regions of Ukraine.” The Problems of Economy 4:244–253.

List of references in article

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Section: Mathematical methods and models in economy
UDC 658:330.322:519.866
Kotsyuba O. S.
Rational Choice of the Investment Project Using Interval Estimates of the Initial Parameters (p. 254 - 260)
The article is dedicated to the development of instruments to support decision-making on the problem of choosing the best investment project in a situation when initial quantitative parameters of the considered investment alternatives are described by interval estimates. In terms of managing the risk caused by interval uncertainty of the initial data, the study is limited to the component (aspect) of risk measure as a degree of possibility of discrepancy between the resulting economic indicator (criterion) and its normative level (the norm). An important hypothesis used as a basis for the proposed in the work formalization of the problem under consideration is the presence – for some or all of the projects from which the choice is made – of risk of poor rate of return in terms of net present (current) value. Based upon relevant developments within the framework of the fuzzy-set methodology and interval analysis, there formulated a model for choosing an optimal investment project from the set of alternative options for the interval formulation of the problem. In this case it is assumed that indicators of economic attractiveness (performance) of the compared directions of real investment are described either by interval estimates or possibility distribution functions. With the help of the estimated conditional example there implemented an approbation of the proposed model, which demonstrated its practical viability.
Keywords: investment project, interval uncertainty, interval analysis, risk of poor rate of return, function of possibility distribution
Tabl.: 4. Formulae: 22. Bibl.: 12.

Kotsyuba Oleksiy S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Business Economics and Entrepreneurship, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: as_kotsyuba@ukr.net

Reference to this article:
Kotsyuba, Oleksiy S. (2016) “Rational Choice of the Investment Project Using Interval Estimates of the Initial Parameters.” The Problems of Economy 4:254–260.

List of references in article

Davydov, D. V. “Intervalnyye metody i modeli prinyatiya resheniy v ekonomike“ [Interval methods and models of decision-making in the economy]. avtoref. dis. … d-ra ekon. nauk: 08.00.13, 2009.
Avdeyenko, S. N., and Dombrovskiy, V. V. “Analiz investitsionnykh proektov v usloviyakh intervalnoy neopredelennosti“ [Analysis of investment projects in conditions of interval uncertainty]. Vestnik Tomskogo gosudarstvennogo universiteta, no. 271 (2000): 125-126.
Bronz, P. V., and Voshchinin, A. P. “Intervalnyy podkhod k otsenke ekonomicheskikh riskov proektov energetiki i ego sravneniye so stsenarnym analizom“ [Interval approach to assessing the economic risks of energy projects and its comparison with the scenario analysis]. In Nauchnaya sessiya MIFI - 2006. Ekonomika i upravleniye, vol. 13, 17-18. Moscow, 2006.
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Nikonova, I. A., and Kolesnikov, M. A. “Razvitiye metodov analiza i otsenki investitsionnykh proektov“ [The development of methods for the analysis and evaluation of investment projects]. Vestnik finansovogo universiteta, no. 6 (2013): 89-97.
Kotsyuba, O. S. “Vybir naikrashchoho investytsiinoho proektu v sytuatsii intervalnoi nevyznachenosti pochatkovykh danykh“ [Choosing the best investment project in the situation of interval uncertainty of initial data]. Biznes Inform, no. 10 (2016): 144-149.
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Kotsyuba, O. S. “Otsiniuvannia dyskontovanoho terminu okupnosti investytsiinoho proektu za umov nechitkykh vykhidnykh danykh“ [Estimates the discounted payback period of the investment project in conditions of fuzzy input data]. Hlobalni ta natsionalni problemy ekonomiky. http://global-national.in.ua/archive/10-2016/214.pdf
Kotsyuba, O. S. “Otsiniuvannia vnutrishnoi normy dokhodnosti v sytuatsii nechitkykh hroshovykh potokiv“ [Evaluation internal rate of return in a situation of fuzzy cash flows]. In Stratehiia ekonomichnoho rozvytku Ukrainy, 228-241. Kyiv: KNEU, 2013.
Ekonomichnyi ryzyk: ihrovi modeli [Economic risk: game models]. Kyiv: KNEU, 2002.

Section: Mathematical methods and models in economy
UDC 338.45+330.34
Matyushenko I. Y.
Scenarios for Development of Scientific and Innovative Potential of Ukraine under Conditions of a New Industrial Revolution and Association with the EU (p. 261 - 272)
The article presents the results of the scenario simulation of scientific and innovative development of Ukraine to determine the appropriate method of its management under conditions of a new industrial revolution and association with the EU. It is shown that the best scenario that in the long run provides a significant improvement in the results of scientific and technological development is a scenario of increasing the level of R&D expenditures to the EU target figure amounting to 4% of GDP. But this scenario is unlikely. It is found that the optimal level of expenditures can be considered as 2.5% of GDP, which can be achieved in the medium term; in this case raising the level of expenditures to 1.7-2% of GDP gives certain results but does not produce sufficient resources for a long-term development. It is proved that in order to achieve significant results in scientific and technological development, the increase in expenditures on R&D should be accompanied by forming clusters, increasing the level of protection of investors, providing development of high-tech industries and employment in this sphere, as well as facilitating the access to ICTs. It is found that a prerequisite for an effective scientific and technological development is stimulation of the population interest in obtaining high-quality professional education, including through the promotion by employers.
Keywords: scenario simulation, scientific and innovative development, indicators of scientific and technological activities, level of GDP per capita, simulation experiments in management
Fig.: 9. Tabl.: 3. Bibl.: 17.

Matyushenko Igor Yu. – Doctor of Sciences (Economics), Professor, Professor, Department of International Economic Relations, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: igormatyushenko@mail.ru

Reference to this article:
Matyushenko, Igor Yu. (2016) “Scenarios for Development of Scientific and Innovative Potential of Ukraine under Conditions of a New Industrial Revolution and Association with the EU.” The Problems of Economy 4:261–272.

List of references in article

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Matiushenko, I. Yu. “Peredovi (konverhentni) tekhnolohii yak faktor rozvytku novoi promyslovoi revoliutsii“ [Advanced (converged) technologies as a factor in the development of a new industrial revolution]. Mizhnarodnyi biznes yak faktor rozvytku. Materialy Vseukrainskoi naukovo-praktychnoi konferentsii (m. Kharkiv, 21 kvitnia 2016 r.). Kharkiv: KhNU im. V.N. Karazina, 2016. 29-39.
Matiushenko, I. Yu., and Kostenko, D. M. “Peredovi vyrobnychi tekhnolohii - kliuch do yakisnoi transformatsii i zrostannia vysokotekhnolohichnoho eksportu Ukrainy do 2030 roku“ [Advanced manufacturing technology the key to quality transformation and high growth of export of Ukraine to 2030]. Biznes Inform, no. 3 (2016): 32-43.
Kalita, P. “Ukraina i chetverta promyslova revoliutsiia: zahrozy ta mozhlyvosti“ [Ukraine and the fourth industrial revolution: threats and opportunities]. Dzerkalo tyzhnia, no. 43-44 (2016): 6-.
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Matiushenko, I. Yu. “Imitatsiina model naukovo-innovatsiinoho rozvytku ekonomiky Ukrainy v umovakh chetvertoi promyslovoi revoliutsii ta asotsiatsii z YeS“ [Simulation model of scientific and innovative development of economy of Ukraine in the conditions of the fourth industrial revolution and Association with the EU]. Biznes Inform, no. 11 (2016): 70-76.

Section: Mathematical methods and models in economy
UDC 330.46:378
Skrypnyk A. V., Oborska I. S.
Systemic and Non-Systemic Corruption in Education: the Game Model (p. 273 - 278)
The aim of the article is to analyze the existing practices of corruption in higher education and their impact on its quality index as well as develop recommendations on their overcoming. Game methods to analyze the corrupt interaction in the process of getting education are proposed. There identified two categories of lecturers taking bribes: professional bribe-takers and amateurs. It is emphasized that the existence of professionals is only possible under conditions of systemic corruption when part of the risk is passed on to the university administration. The activity of amateurs is analyzed using gaming technologies. The payoff matrices of the student and the teacher are built, the latter includes the likelihood of detection and possible punishment for corruption. It is shown that under current conditions there is saddle point when both the student and the teacher use illegal strategies. The transition to a mixed strategy is possible only in case of a significant increase in the probability of detecting acts of corruption on the part of the teacher or the increase of the size of punishment for corruption. Significant improvements are possible in the case when the population will change views on the effectiveness of knowledge as a source of human capital.
Keywords: Corruption Perceptions Index (CPI), higher education, human and administrative capital, systemic and non-systemic corruption, bimatrix game, payoff matrix, saddle point
Fig.: 1. Formulae: 4. Bibl.: 22.

Skrypnyk Andrii V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economic Cybernetics, National University of Life and Environmental Sciences of Ukraine (15 Heroiv Oborony Str., Kyiv, 03041, Ukraine)
Email: avskripnik@ukr.net
Oborska Inna S. – Assistant, Department of Economic Cybernetics, National University of Life and Environmental Sciences of Ukraine (15 Heroiv Oborony Str., Kyiv, 03041, Ukraine)
Email: ineska-92@mail.ru

Reference to this article:
Skrypnyk, Andrii V., and Oborska, Inna S. (2016) “Systemic and Non-Systemic Corruption in Education: the Game Model.” The Problems of Economy 4:273–278.

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