Socio-Economic Research Bulletin

21-32

Authors: Vasylchenko Kyrylo

The article analyzes some components of the shadow economy using the example of modern Ukraine. The purpose of article is to predict the behavior of the economically active population when choosing an employment option using an agent-based simulation model. The work uses the methods of theoretical generalization, retrospective analysis – to study the theoretical aspects of socio-economic relations at the enterprise; system analysis, agent-based modeling – to develop a decision-making model in the labor market. The proposed algorithm of taxpayer behavior is based on studies of domestic and foreign scientists in the field of shadow economy and informal employment. Particular attention is paid to the national economic mentality as an important factor which determines the trajectory of the country’s development. As a substantiation of the subject’s behavior on the labor market, it is proposed to use the model of decision-making by a taxpayer, developed by M. Ellingham. When constructing an algorithm for the behavior of an employee, the demographic situation in Ukraine, the causes and consequences of labor migration, and the mental characteristics of the population were analyzed. The novelty of the proposed model lies in the fact that it takes into account the dependence of the taxpayer’s utility curve on the taxpayer’s age. The developed model was applied to forecasting of the demographic situation in Ukraine, and to estimation of the population participation in the informal economy sector.

27-45

Authors: Orji Anthony, Ogbuabor Jonathan E., Iwuagwu Chikaodinaka, Anthony-Orji Onyinye I.

The concern about population growth in many developing countries has become a burning issue in the literature. Furthermore, many divergent views exist on whether increasing population is useful or harmful to growth in the economy. This study therefore, analysed the impact of population increase on economic growth in Nigeria, as an Africa’s most populous country. The study employed time series data from 1985–2018 using the framework of the Autoregressive Distributed Lag (ARDL) Model. The findings of this study revealed that the population growth of the economy supports economic growth both in the short and long term. However, it may become explosive in the long run if vital measures are not taken to control it. Since population increase has a huge impact on economic growth, the government should take steps to ensure that the population continues to increase the country’s growth trajectory by equipping the workforce with the appropriate skills. Therefore, to enhance sustainable development, the study proposes to formulate an effective government policy in order to ensure the growing labour force with jobs and modern qualification skills in accordance with the requirements of the labor market and increasing the country’s GDP. Also, there is need to formulate effective financial policies and support competitive interest rates in order to improve the economy’s savings rate. Effective monitoring of the economy’s capital-output ratio should ensure its increase in GDP, and the prohibition of effective state policy should be enacted to maintain stable and non-escalating population growth rate.

62-71

Authors: Heiko Tetiana

The article considers the impact of the COVID-19 coronavirus pandemic, as the most important factor of medium- and long-term changes, on the development of small and medium enterprises in Ukraine. It is clarified that due to the introduction of forced measures to limit certain activities related to quarantine, an entrepreneurship sector suffers the greatest losses, which plays a crucial role in the accumulation of crisis processes in the economy, including the pre-default state of business entities. It is substantiated that the lack of adaptive state support in Ukraine can lead to a reduction of almost a third of gross value added, employment and tax revenues from this segment. Based on the systematization of risks, trends in the global business environment development and other structural changes related to quarantine restrictions, new priorities of business strategies and directions of state support for entrepreneurship sector have been determined. The object of the study is a small and medium business development in the conditions of the COVID-19 pandemic and in the post-quarantine period. The purpose of the study is the priorities of development and support of entrepreneurship determining in Ukraine for recovery accelerating in the context of the coronary crisis. The research methodology involves the use of empirical research methods (observation, comparison and description), theoretical knowledge (formalization) and general research methods (analysis, systematic approach, statistical methods). The practical results of the study include the current priorities for support and development of entrepreneurship identification in the context of the coronary crisis. The article proposes to reduce government interference in the activities of economic entities, to ensure a systematic reduction of corruption behavior in connection with an expansion of state support at the beginning of the crisis, increase the accessibility of SMEs to financing, expand the opportunities for foreign economic activity, and accelerate digital transformations.

84-93

Authors: Syrchyn Oleksandr

The article proposes a scientific and practical approach to the formation of a strategy for the commercial bank activities in modern conditions. The information base of the article was the results of a study of modern scientists and statistical data of the NBU. It is determined that the reason for the existence of the bank’s strategy is its mission. As a result of the study, it was substantiated that the main elements of the strategy are the strategic vision, strategic planning and action strategy of the bank. The definition of the bank’s strategy is formulated. Approaches to the formation of the bank’s strategies have been substantiated: traditional, competitive, integrative and external. It is determined that the bank’s share in the banking services market at a certain level of profitability is the universal strategic goal of the bank’s activities. Consequently, there are only three universal strategies for the bank’s actions: an aggressive growth strategy, a moderate growth strategy, and a conservative strategy. From this point of view, it follows that there are three main ways to achieve a competitive advantage: identifying such market segments throughout the entire economy, where the bank can lead; receiving benefits through the introduction of new banking services; getting benefits through pricing. It is shown that the bank’s strategy is associated with the choice of a corporate governance model of the bank, which, in turn, depends on the characteristics of the country’s economy. It is proposed to use the Japanese-German model of corporate governance of the bank as the most suitable for the specific political and economic conditions of Ukraine. It is noted that the implementation of the bank’s strategy leads to the formation of a universal or specialized bank (corporate, retail, investment, settlement, etc.).

107-119

Authors: Shykina Nataliya, Kotsіurubenko Ganna

The article considers the state budget deficit as a key indicator of Ukraine’s budget security. The main threats of the state national security in the economic sphere, their preconditions and consequences, as well as the impact on the state of public finances and processes of external migration of the population are investigated. The role of the Pension Fund of Ukraine in the process of forming the state budget deficit of Ukraine is analyzed. It is proved that each of these threats is a systemic destructive phenomenon that negatively affects the state’s economy and has direct or indirect impact on public finances and, in particular, on the level of budget security. It is substantiated that an adequate level of budget security is a basis for the protection of national interests’ formation of Ukraine and sustainable development of the national economy. It is noted that the overall effect of the totality of all threats (latent, explicit, potential, direct and indirect) to the national security of Ukraine is quite clearly traced when analyzing the state of public finances in general and the nominal volumes and dynamics of changes in the state budget deficit as a percentage of GDP. It is determined that the calculations of indicators of Ukraine’s budget security assessment and comparison of obtained results with their normative values prove that there is a threat to the financial and economic system of the state due to large amounts of government debt and excessive amounts for their repayment and servicing. The main reasons for the deviation from optimal values of the level of redistribution of GDP through the consolidated budget, the ratio of total payments for servicing and repayment of public debt to state budget revenues as the most critical indicator of budget security. A set of measures for minimizing the negative impact of systemic threats in the economic sphere on the state of public finances and the level of national security of the state is proposed.

136-149

Authors: Kuznetsova Inna, Karpenko Yulia, Repin Andriy

Theoretical and practical principles on the criteria for decision-making management for improvement of the logistics system are the subject of research in the article. The expediency of using indicators for assessing the state of the logistics system as a criterion for making decisions on its improvement is proved. The appropriateness of subordination of the evaluation’s stage of the logistics system of the enterprise’s performance management process is established. Based on a critical review of the scientific literature, the range of indicators for assessing the functioning of the logistics system includes: turnover of logistics assets, reliability of deliveries, timeliness of deliveries, level of stocks, capacity utilization of vehicles, level of logistics costs, deficit probability. Using the method of pairwise comparisons made it possible to establish the proportion of indicators of the functioning of the logistics system and to determine their direction. The integrated indicator of the logistics system functioning is substantiated. The proposed decision-making criterion was tested at a fish processing enterprise. The problematic components of integrated indicator of the enterprise’s logistics system functioning are analyzed. The use of the optimal batch supply model made it possible to increase the capacity utilization of vehicles and reduce the level of logistics costs. The attention is focused on integration processes and provision of information flows between logistics services. The attention is focused on integration processes and ensuring of information flows between logistics services. The main business processes of the logistics system are highlighted, which include: formation of sales policy, product delivery schedules, sales budget; initiation of the process of shipping products to the client; delivery of products to customers; formation of analytics for existing and potential clients; work with complaints and reclamations; proposals to the sales policy of the enterprise. The scheme of business processes of the logistics system is proposed, which allows you to determine information flows, to establish functional relationships between departments of the logistics system with other divisions of organizational structure of an enterprise and to reduce the speed of information to the decision maker.

164-173

Authors: Shilova Tamara

The article investigates the essence of the risk-based approach to generating the value of enterprises with transport and logistics specialization. The objective of the study is to determine the content of all components of risk management using the example of this industry. Methodological feature of the components’ study on the risk-based approach is a disclosure of the modern paradigm «Industry 4.0», namely, a comprehensive study of operational, investment and financial activities factors. The key criterion of economic efficiency in the article substantiates the use of the enterprise value indicator. In addition, it is proposed to use the methodology for calculating the impact of Value-at-Risk on the generation of enterprise value. The result of the study of the risk-based approach’s components to the formation of enterprises value indicators in the transport and logistics industry is to obtain a clear algorithm for determining each of the key risk factors inherent in the industry. Particular attention is paid to the description of the manifestation of the IT-system of electronic risks, in particular, hacker attacks and other cybercrimes. The practical uniqueness of the obtained research results lies in the fact that, using the example of BKP (Ukraine), a reasoned risk management policy is developed in full compliance with the ISO 31000 standard. Risks were identified based on the probability of risks and calculation of minimizing the impact of their consequences on the cost indicators of the enterprise. Based on the results of the study, it is established the practical usefulness of the above-described management model for generating of an enterprise value, directly based on the study of the main risk factors for activities of transport and logistics companies in Ukraine, it is substantiated the possibility of its implementation in the practical aspects of the business processes implementation.

26-41

Authors: Tetyana Gurgula

The article considers the administrative-territorial reform from the perspective of challenges and threats to the socio-economic development of territories and increases the level of well-being of the population. The basic principles of state regional policy are determined: systematic and complementary, and their characteristics are presented. The distribution of core powers between local governments in accordance with the Concept of reforming local government and territorial organization of authority in Ukraine has been carried out. Among the problems of modern system forming of local government organization, considerable attention is paid to reforming the local government system, which will determine the further stable development of Ukrainian society. Legal support of local authorities’ activity in Ukraine at the present stage requires the development of such a governance model that would be consistent with the principles of the European Charter of Local Self-Government and, first of all, clearly delineate the powers between the relevant branches of government regarding the performance of assigned functions. The aim of the article is to analyze the energy self-sufficiency of communities by reducing and replacing gas consumption, increasing of energy efficiency level in various spheres of vital activity of the population, and developing the renewable energetics of the territorial community. The planning of the communities’ transition to renewable energy sources (RES) is investigated. Baseline indicators are developed for decisions making in the energy sector regarding the transition to renewable energy sources in the community from the perspective of investors attracting. The energy efficiency and renewable energy sources support programs are analyzed. Mechanisms of energy efficiency support and the capacity increasing of the united territorial communities are proposed due to energy self-sufficiency.

58-71

Authors: Mariana Bil

The comprehensive analysis of migration activity of the population between Ukraine and Hungary, which is the basis for substantiating the priorities of its regulation in the defined territorial migration system, is carried out in the article. The study subject is theoretical and applied principles of analysis of migration activity of the population within a specific territorial migration system. The research methodology is formed by the fundamental provisions of analytical migration science with the definition of migration activity, which reflects the potential and real ability of the population to move. The article results are the deepening of the theoretical bases of the study of migration activity of the population, the method of complex migration analysis between Ukraine and Hungary with using the national and international statistical base. Complex analysis covers an identification of the features of infrastructure providing and legal environment of migration (visa regime, the operation of the agreement on the rules of local border traffic), tendencies of crossing the state border (Ukrainian and Hungarian statistics), including in the context of border crossing points, determination of educational and labor migration features, naturalization practices and residence of Ukrainian citizens on the Hungary territory. Particular attention is paid to the asymmetric questions of migration activity of the population between Ukraine and Hungary. Complex analysis is complemented by comparisons of demographic, social and economic indicators of countries. The specificity of migration activity of the population in the Ukrainian-Hungarian migration system on the basis of the conducted analysis is generalized – the primacy of ethnocultural determinants of displacement with influences localization on the residents of Transcarpathian region; rapid growth dynamics of the migrants number from Ukraine to Hungary. The main problems of migration activity of the population between Ukraine and Hungary are updated: political and legal character – dual citizenship of a part of the population of the Transcarpathian border regions, which can serve as an occasion for geopolitical speculation; informational character – the rapid growth in the number of Ukrainian citizens, who go to Hungary for long-term residence; socio-cultural character – influence of the «Greater Hungary» ideas on a part of the Transcarpathia population, especially the border regions, which identifies itself with the Hungarians, or as a last resort with the Ruthenians and does not speak Ukrainian.

85-104

Authors: Ruslan Volchek, Sergey Bolshakov

The article summarizes the results of the procedure of privatization of state property in Ukraine during 2015–2019. It is established, that one of the main obstacles that leads to short payment of funds from the privatization of state property to the state budget, compared to the planned targets, is the actual «free appropriation» of land plots by economic entities during the sale of real estate due to ambiguous interpretation of the provisions of the Land Code of Ukraine and the National Valuation Standard 2 «Real Estate Valuation». The subject of research – the mechanisms of privatization of state property. The purpose of the article is to develop tools to combat corruption during the privatization of land plots, thus ensuring the correct calculation and payment of taxes to the state budget of Ukraine from these agreements. Research methods – general scientific. It has been proven, that a corruption scheme associated with an illegal appropriation of a land plot begins with the acquisition by the business entity of the right to use it. An incorrect interpretation of the provisions of the Land Code of Ukraine in the future leads to the illegal acquisition by the user of the right of ownership to the specified land plot, avoiding the privatization procedure. It is substantiated, that corruption schemes occur as a result of extremely weak control over the activities of notaries and appraisers on the part of the main regulator of appraisal activities in Ukraine – the State Property Fund of Ukraine. A number of recommendations are formulated with the aim of preventing losses to the state during privatization. In particular, it is proposed to supplement the norms of legal framework in terms of a direct prohibition for notaries to register ownership of land plots, which belong to the state, without a privatization procedure. It is necessary to make changes to the regulatory framework of Ukraine in terms of enabling the appraiser to calculate the market value of land plots in the absence of a cadastral number.

116-135

Authors: Mykhaylo Malyovanyi

One of the main functions of the state is to carry out the social policy aimed at the provision of the conditions of human vital activity, implementation of intelligent and professional potential of people. In this case a well-developed system of social security is of paramount importance. To a great extent, financing of this system is performed at the expense of public funds. The article considers specific features of government financing of population social security in Ukraine over a period 2001–2019. Analytical data of budget monitoring of the Institute of Budgetary and Socio-Economic research, statistical digests of the Ministry of Finances of Ukraine and State Statistic Service of Ukraine, analytical notes of the Institute for Demography and Social Studies named after M. V. Ptukha of the National Academy of Sciences of Ukraine served as the source for the research. The study used general scientific and specific methods of cognition. The research presents the analysis of the main indexes characterizing the budget financing of population social protection in the context of the budgets of Ukraine. The dynamics of changes in the financing of social expenditures form the State Budget of Ukraine and their structure were examined. Specific features of financing the system of social protection of the population from local budgets were defined. The level of self-financing of social needs was evaluated. The main problems of the functioning of population social protection system were determined taking into account the fact those financial resources in the State and local budgets are limited. The author suggested the steps as to the improvement of state funding of social measures by the following ways: to improve inter-budgetary relations due to the increase of the authority of the local communities at the calculation of the need in financial resource for the social protection of the population; to enhance targeted social assistance and to improve its efficiency; to optimize the existing system of the social benefits and payments.

153-163

Authors: Olga Degtiareva

The article is dedicated to development of controlling concept that is often called also as «management control» in English speaking area. It focuses on current challenges that Ukrainian manufacturing enterprises face: needs of higher level of information and communication technologies inspired by transition to information society as well as needs of higher level of energy efficiency inspired by not perfect energy system. Energy controlling, as a new direction of the mentioned controlling concept, has to do with both of them. The proposed multilevel information system (MIS) is considered as a solution for informative support of energy efficient managerial decisions and as an important instrument of energy controlling. The methodology of its design covers cybernetic approach to segregation of information as far as approach of the T. Reichmann scientific school to pyramidal construction of controlling information system. The MIS collects, processes and stores information according to the places of origin of energy costs, time horizon of management decisions and purpose. The highlight of the MIS is the usage of energy KRIs – key performance indicators of the enterprise’s energy activities. They may differ from enterprise to enterprise as well as from time to time because they depend on the chosen energy strategy. Thus, there are important conclusions of the research: energy controlling increases the efficiency, e.g. energy efficiency, of the energy sector in manufacturing enterprise; information function of controlling requires a modern information system in context of current changes in business environment, a multilevel information system meets in the best way the informative trends in development of production relations; energy KRIs are specialty of the MIS, but as targets and evaluation indicators of a multilevel energy controlling information system. Further research should be conducted to enhance improve the above information system, namely: the development of KPI-models for different energy strategies of the enterprise.

178-189

Authors: Halyna Pudycheva

The essence of the energy system is defined in the article and its three levels are distinguished by territorial criteria: micro- (enterprise level), meso-(administrative-territorial formations) and macro level (energy system of the country). The author’s definition of the energy system is proposed, which, unlike the existing ones, is not limited only by the level of enterprises. The technological, territorial and economic unity of the objects of the energy systems is indicated. The purpose of article is to study the main business processes that occur in the energy sector. Based on this, a conclusion is drawn about the possibility of considering the energy economy as a logistics system. To achieve this goal, the following general scientific methods were used: systematization, generalization, abstraction, analogy, analysis and synthesis. A scheme of the main business processes in the energy sector is proposed, which covers five stages. A critical analysis of approaches to the definition of the concept of «logistics system», available in the domestic and foreign scientific literature, is conducted. Based on the analysis, it is substantiated that the logistics system can be considered as a relatively stable set of links in a certain business environment, which provides integrated flow management in order to implement the «logistics mix». The emphasis is made on the fact that the use of the logistic approach in the energy sector allows to present the business processes taking place in it as a stream model. The author distinguishes the flows of energy resources, which are inherently material flows, and energy flows, which are flows of services, in energy system. It is concluded that the consideration of the energy system as a logistics system allows confirming the formation of a new direction – energy logistics.