Bulletin of Taras Shevchenko National University of Kyiv. Economics.

5

Authors: O. Liashenko, Doctor of Sciences (Economics), Professor

A generalized parametric model as a modified Romer model is considered. This model describes the dependence of the output of the index of knowledge available to the firm. Result of this paper is a family of models between the two extremes – the neoclassical model of decentralized type and nonstationary AK-model. The model assumes that all discoveries are unexpected by-products of the investment and that these discoveries instantly become common knowledge.

7

Authors: M. Malik, Doctor of Sciences (Economics), Professor,

This paper examines the legislation and regulation of insurance repositories. The basic conditions and requirements of creating and functioning of the new insurance market institute were studied. The basic requirements for managing personal of insurance repository were noticed. The study reveals the interaction mechanism of insurers and insured at the book-entry insurance policies turnover market via creation of the new institute, which is set to issue and control electronic insurance coverage.

24-29

Authors: O. Cheberyako, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine; O. Ryabokon Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

The article is devoted to the major trends and issues of development of local budgets in Ukraine. A study of the essence of fiscal decentralization as one of the components of the management, aimed at reducing the dependence of local governments from the central government with regard to foreign experience. Particular attention is paid to local budgets under decentralization of own and delegated financial powers. The theoretical principles of fiscal decentralization and its proven impact on the socio-economic development. Studied the European countries model of local budgets. The features of formation of revenues of local budgets under decentralization. The role in shaping tax revenues of local budgets in foreign countries and Ukraine. The analysis of state policy of financial support for regional development in Ukraine. The structure of tax revenue in the context of changes in the budget and tax legislation in a decentralized tax powers. Systematized features of fiscal decentralization in Ukraine. Problems and grounded main ways of optimizing the formation of local budgets in a decentralized tax powers. Formed selection of areas targeted as ways to increase economic and financial independence of regions of Ukraine.

32-36

Authors: O. Naumova, PhD in Economics, Assistant Professor

The method of comparison, analysis and synthesis, induction and deduction in devoted paper for the purpose of summarized modern theoretical approaches to the investment activity of the enterprise are used. The research is based on the analysis of scientific papers of leading scientists about investment activity of the enterprise under crisis economic conditions. The relationship between corporate management, technological modification of the production process, the government protection of the property rights of investors under crisis conditions and investment activity of Ukrainian enterprises are analyzed. The paper is shown that lack of the investment activity in Ukraine is a negative consequence of the presence a high degree of risk as a result of banking crisis and serious legal violations in the activity of enterprises.