Optimization of the financial decentralization level as an instrument for the country’s innovative economic development regulation

Vasylieva, Тetiana; Harust, Yuriy; Vinnichenko, Nataliya; Vysochyna, Alina

doi:10.21272/mmi.2018.4-33

Cited by 29 publications

(6 citation statements)

References 15 publications

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“…Two methods of evaluating tax gaps are widely used (Vasylieva et al, 2013;Vasylieva et al, 2018;Levchenko et al, 2019;Svabova et al, 2020) in the world practice of assessing the effectiveness of VAT administration: macroeconomic (top-down) and microeconomic (bottom-up). The top-down method is a macroeconomic assessment of the difference between potential and actual tax revenues.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of tax gap on macroeconomic stability: Assessment using panel VEC approach

Lyulyov

Lyeonov

Tiutiunyk

et al. 2021

Journal of International Studies

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Section: Literature Reviewmentioning

confidence: 99%

The impact of tax gap on macroeconomic stability: Assessment using panel VEC approach

Lyulyov

Lyeonov

Tiutiunyk

et al. 2021

Journal of International Studies

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“…The increase in powers (financial, fiscal, authoritative, etc.) at the local level as a result of decentralization processes has been the subject of numerous studies [1][2][3][4], which confirm the connection with the country's economic, social and innovative development. At the same time, the focus of most scientific works is on empirical confirmation of the connection between economic indicators of the country's development and the ecological and social component, in particular in works [5][6][7][8].…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainable development goals as a tool for strategic planning in communities: a bibliometric analysis of research

et al. 2020

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Nowadays, the balanced development of any territorial unit should be based on the concept of sustainable development. As a result of its significant expansion, the goals of sustainable development began to be used at the level of strategic and operational documents, which in the context of decentralization is reflected at the level of individual territorial communities. This article is devoted to bibliometric analysis of the scientific papers from the Web of Science and Scopus, which deals with the topic of sustainable development in local communities as elements of strategic planning. To do this, we used the VOS viewer, Scopus, and Web of Science tools, which made it possible to identify major trends (for example, dynamics by year, country, authors, subject area, etc.) and clusters that visually present the obtained information. The following key parameters were also selected for the analysis: published for 1987-2019 years; the language of the paper – English; papers which contain keywords – sustainable development, local communities, and strategic planning. The results indicate a growing role of the chosen topic, which prevails in environmental and social sciences. The bibliometric analysis revealed 8 clusters (Scopus database) and 11 clusters (Vos database) with the central term “sustainable development”. The term “local communities” is also one of the key ones in the analyzed research, which is confirmed by the number and strength of links. The analyzed trends show that sustainable development is increasingly considered at the local level of territorial communities in the context of their planning and development.

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“…L. Kozarezenko et al (2018) analysed the impact of fiscal decentralisation in Ukraine on the development of human capital in territorial communities. T. Vasylieva et al (2018) analysed the arguments and counterarguments within the scientific debate on determining the optimal level of decentralisation that would contribute to the country's innovative development. O.…”

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confidence: 99%

Innovations in Management of Fiscal Equalisation: Decentralization Reform

Petrushenko

Венцель

Garbuz

et al. 2020

MMI

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The article summarises the results of scientific analysis of the effectiveness of the system of horizontal financial equalisation as a tool for reducing inter-territorial economic and social disparities. The primary purpose of this study is to substantiate innovative approaches to improving the efficiency of the system of financial equalisation and operational management of financial imbalances of territories in the context of decentralisation reform. The subject of the study is the processes of management of the financial equalisation system in Ukraine since 2015, as it was at this time that the decentralisation reform began, the basis of which was the redistribution of financial resources. The presence of several unresolved practical and, therefore, technical and methodological tasks in the process of implementing the financial equalisation policy in Ukraine in the period 2015-2020 has made the research relevant. The comparative analysis of the system of horizontal financial equalisation in Ukraine in terms of its effectiveness in reducing inter-territorial fiscal imbalances and assessing the effectiveness of the authors’ innovative approaches to managing the financial equalisation system became a methodological tool of the study. Statistical and econometric methods were used to verify the obtained results. The results of the study showed that the current approach to financial equalisation of disparities in the local budgets of Ukraine is not sufficient and needs improvement. New management approaches have been developed in the system of financial management of territories aimed at improving the mechanism of horizontal equalisation of local budgets, in particular, at reducing the number of local budgets, which receive essential subsidies from the state budget and improving the efficiency of the horizontal equalisation system in terms of reducing financial disparities between local budgets. Because of these goals, the analysis of the inclusion of the country’s capital (Kyiv) into the national financial equalisation system was carried out. The study also substantiates the need for permanent monitoring of financial equalisation effectiveness. For a better understanding of how effectively the system of horizontal equalisation of fiscal revenues of territories functions, it is proposed to carry out a constant (annual) analysis of standard deviation indicators and other indicators that characterise its effectiveness. The results of the study can be useful both for state bodies planning and implementing the state budget and for implementing local financial policies by local self-governments. Keywords management, innovation, financial equalisation, budget, imbalance, asymmetry, decentralisation.

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Optimization of the financial decentralization level as an instrument for the country’s innovative economic development regulation

Cited by 29 publications

References 15 publications

The impact of tax gap on macroeconomic stability: Assessment using panel VEC approach

The impact of tax gap on macroeconomic stability: Assessment using panel VEC approach

Sustainable development goals as a tool for strategic planning in communities: a bibliometric analysis of research

Innovations in Management of Fiscal Equalisation: Decentralization Reform

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