Bulletin of Taras Shevchenko National University of Kyiv. Economics.

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Authors: А. Bokhan, PhD in Economics, Associate Professor Kyiv National University of Trade and Economics, Kyiv, Ukraine

Modern development of humanity and its well-being is measured by the parameters of progressive achievements, global resonance and ecological warnings. XXI century, forming a new architecture of the world economy, which requires countries to resource diversification, market innovation and modification of the concept of leadership in combinatorial forms of competition and confrontation, consolidation and partnership. The dialogue of civilizations always contains contradictions and demonstrates the relative stability of communities in terms of ecological risk. International politicians are calling for the approval of constructivism economic activities on the basis of environmental diplomacy. Purpose. Determination of activation modality stratagem environmental diplomacy in the context of consolidating the areas of international economic relations, globalization challenges and opportunities. Result. New aspirations of humankind radically change the idea of naturalness and safety of its habitat, increase the importance of information and technological attributes of activity, cause the reactionary nature of the scale of the economic confrontation. Pause economic and technological expansionism unrealistic, but to channel the energy in a more environmental expansionism direction is necessary. Great hopes are placed on the active forms of diplomacy based on multi-level mobility of its subjects and ecological factors strengthen countries stratification. Traditionally, diplomacy is synchronized with the negotiation process, which are presented to the interests and intentions, tactics and strategy of the leaders of the political and business elite of the world. The development of environmental analysis diplomacy takes place under the pressure of massive information flows, multinational business interests and ideology of the hybrid wars. Environmental diplomacy is able to set the modality (way) hypothetical implementation, realistic, pragmatic and forward-looking intentions of subjects in order to establish international economic contact, the rotation from the position of outsider or insider on the world market. This is facilitated by various stratagems countries that represent the spectrum of their inclusion in the global economic processes through the act (action) and the pact (agreement) modality. Conclusion. Environmental diplomacy is a dynamic and attacking character to update the development of the format in international economic relations. Ukrainian diplomatic service needs to be reformed and modernized, as well as focused and motivated to introduce in the international practice of promises for environmental image.

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Authors: M. Kichurchak, PHD in Economics, Associate Professor Ivan Franko National University of Lviv, Lviv, Ukraine

The essence of the concept "public goods reproduction" has found out and the most important theory-gnoseological vectors of this process research have formed. The author has analyzed the system of theoretical views on the economic entity of reproduction. It was defined this economic category was multivariable. It was grounded the multiplicity of its subject essence became the prerequisite for distinguishing of the concept "public goods reproduction". The main scientific approaches to understand the meaning of the public goods reproduction have considered. It was determined this economic category had synthetic character. Due to this the most adequate theoretical delineation of the concept "public goods reproduction" was represented and the basic reasons to determinate this theory-gnoseological principles were argued. The author had founded out that taking into account the existing criteria of the public goods classification their reproduction would scrutinized for the set of the theory-gnoseological vectors. Thereupon the scientific approaches to provide the integrity of the public goods reproduction vision and determine its many-sided nature were formed.

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Authors: V. Branovitskiy, PhD in Economics, Assistant Kyiv National Economics University named after Vadym Hetman, Kyiv, Ukraine

The article examines the ownership policy in Ukraine. It makes a survey of the following: the current situation at state-run enterprises and their efficiency; the key criteria of the classification of state-run enterprises for the privatization for the period of 2017-2020. The article evaluates the institutional changes coming from a new law on the privatization of state-owned property in Ukraine. It reveals the stages of making the ownership policy as a state strategy. It describes the measures meant to raise efficiency in the area of the public property management. The article assesses the state of play of the stock market in Ukraine as a mechanism to attract money to the real economy. It recommends attracting foreign investment to the public sector of economy following the restructuring process via IPO or sale to a strategic investor (Private equity). It considers the positive aspects in the completion of active privatization and the scope of the main privatization risks.

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Authors: Ye. Linder, PHD Student Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine

Based on foreign research, the article developed a methodology for stress testing of the bank and carried out its approbation in Prominvestbank. Dependence of the level of non-payments on macroeconomic indicators is determined by the logistic function, the parameters of which are determined based on the maximum likelihood method on historical data. The macroeconomic indicators that are most important for constructing a qualitative model for forecasting the level of non-payments are determined. A forecast of the future level of non-payments for a basic and stressful scenario is made. For this purpose, based on ARIMA models 1000 different macroeconomic scenarios that cover each quarter from 2017 to 2019 inclusive were built; 1000 different forecasts of the level of non-payments were received. For each quarter, the median of this set is chosen as the baseline level of non-payments, and 99% quantile is used as an adverse one. The corresponding sets of macroeconomic data are the baseline and adverse scenario. As the next steps for each scenario, the projected level of losses of the bank, the level of its capital, as well as the capital adequacy ratio are determined. Based on the latter, one can draw conclusions about the potential stability of the bank in the event of economic shocks. The stress testing technique allows, based on autoregressive models such as ARIMA, to generate a baseline and adverse macroeconomic scenarios, as well as analyze the losses, capital and capital adequacy ratio of the bank for each of these scenarios.

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Authors: S. Mytsiuk, PhD in Economics Taras Shevchenko National University of Kyiv, Kyiv, Ukraine, V. Mehey, economist Kyiv National University of Trade and Economics, Kyiv, Ukraine

In the following article the essence of financial activity of economic entities and their influence on economic development are described. It is set that economic entities come forward as a basic source of the State budget filling. The structure and dynamics of theincome from taxes and fees that play an important role in the financial adjustment of the economy are considered. It was revieled. That in the economy of the country there is atendency to the swift rise of tax debt volumes of payers which are economic entities. State enterprises play a fundamental role and demonstrate high effectiveness of activity in strategically important branches of industry. The dynamics of the tax income according to the profit of some state enterprises is analised. It is shown that the highest volumes of state support got those state enterprises that work in the power sector, the shipbuilding and theaircraft construction industries as well as in the metallurgy and ІТ- development industries. In the article is described the dynamics of subsidies and current transfers to enterprises during 2010-2017.

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Authors: G. Kharlamova, PhD in Economics, Associate Professor Taras Shevchenko National University of Kyiv, Kyiv, Ukraine, O. Humenna, PhD in Economics, Associate Professor, Dean National University of Kyiv-Mohyla Academy, Kyiv, Ukraine

This article studies the role of a creative approach to business activity and economic development in general. More specifically, the essence of creative industries and dynamics of development of creative industries in the USA and the European Union are considered. In addition, the authors consider the formation and development of the creative economy in Ukraine. On the basis of an econometric model the authors analyze the relationship between the costs of the population for cultural and entertainment activities and five factors – average wages, GDP (at cost), number of places for leisure, the number of people employed in the cultural sphere and the interest rate for loans. According to the results of the analysis, it was determined that the two main factors influencing the performance indicator (expenditure of the population on cultural and entertainment activities) are wages (income) and GDP. The model proved to be statistically reliable. For the development of the creative economy of Ukraine, it is proposed to stimulate a system of measures that includes economic, cultural and social factors related to technology, intellectual property and tourism. These measures will help to achieve the strategic share of creative industries at over 40% of GDP by 2030.

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Authors: О. Shulga, PhD in Economics, Associate Professor SHEE "Kiev national economic university named after Vadym Hetman", Kyiv, Ukraine

The problems of formation of the methodology of the study of the transformation of agrarian relations are determined. The expediency of compliance with the study of the transformation of agrarian relations of the system paradigm, the key feature of which should be its human-centric orientation, is substantiated. Proposed scientific approaches and methods, which are expedient to use in the process of research of causes, trends and patterns of transformation of agrarian relations, their essence is revealed. The expediency of applying interdisciplinary approaches in the process of studying agrarian relations is substantiated.