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

Lyulyov, Oleksii; Lyeonov, Serhiy; Tiutiunyk, Inna; Podgórska, Joanna

doi:10.14254/2071-8330.2021/14-1/10

Cited by 36 publications

(15 citation statements)

References 63 publications

(54 reference statements)

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“…The development of an effective debt policy should consider the complex relationship between public debt, the degree of financial stability, and the country's socioeconomic, investment, and innovative development. Ensuring Ukraine's recovery is impossible without an adequate public debt management system (Lyulyov et al, 2021).…”

Section: Resultsmentioning

confidence: 99%

“…For public debt not to burden the country's economy, it is essential to increase the rate of economic growth, stimulate business, and create acceptable conditions for business operations. Therefore, Lyulyov et al (2021) and Tiutiunyk et al (2022) focused on reducing the economy's shadowing level. This help to establish an effective policy of economic development and reduce the public debt due to the receipt of all (shadow) funds to the budget.…”

Section: Zhuravka Et Al (2021) Andmentioning

confidence: 99%

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The public debt of Ukraine in the economic development policy in the war and post-war periods: Bibliometric analysis

Filatova

Voytov

Polishchuk

et al. 2023

Public and Municipal Finance

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Public debt can attract funds to finance public needs and stabilize the country’s economic development. This study aims to analyze the relationship between public debt and economic development considering the war actions in Ukraine. This paper uses bibliometric analysis, comprising in-built Scopus and WoS instruments, VosViewer, and Google Trends tools. The overall results show the close relationship between public debt, economic development, and war (armed conflict) concepts. The publications were examined according to key features: containing the keywords from the green and red clusters; covering the period 2015–2018 and 2022; and discussing public debt in Central and South-Eastern Europe. This improved the theoretical and methodological approach to the bibliometric analysis of public debt. Moreover, the study identified risks (based on selected scientific publications) to which the primary attention should be paid during the war and post-war periods in Ukraine: currency and demographic risks. Key recommendations were provided to ensure debt security during the war and post-war periods. However, the given recommendations should be implemented within the framework of the Recovery Plan of Ukraine, which would improve the credit rating and reliability of the state.

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Section: Resultsmentioning

confidence: 99%

Section: Zhuravka Et Al (2021) Andmentioning

confidence: 99%

The public debt of Ukraine in the economic development policy in the war and post-war periods: Bibliometric analysis

Filatova

Voytov

Polishchuk

et al. 2023

Public and Municipal Finance

View full text Add to dashboard Cite

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“…There are different types of data normalization, but this paper will use linear normalization for stimulators (1) and Savage normalization for destimulators (2), because the study data are spatial:…”

Section: Methodsmentioning

confidence: 99%

“…It can be ensured by several determinants, among which the most influential are economic [1]. Significant imbalances in countries' economies are caused by an imperfect legal framework and the presence of a corruption component, the impact of which violates macroeconomic stability [2]. [3] empirically proved that the financial sector's crisis of confidence also destabilizes the economy.…”

Section: Problem Formulationmentioning

confidence: 99%

The barycentric model of determining the sustainable growth determinants

Vasilyeva

Yarovenko

Babenko

et al. 2022

Heritage and Sustainable Development

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The authors investigate the issue of modelling the balance of sustainable growth determinants based on determining the center of mass. They have identified the most relevant factors that characterize countries' social, economic, and political spheres, digital capability, and cybersecurity to determine sustainable development and growth. The research has been carried out based on empirical values of the selected 17 indicators for 127 world countries in 2018. As a result, the four–pole barycentric models were built as quadrangles, the vertices of which are composite targets formed by the determinants of the four spheres. The models' calculations were carried out taking into account three components: the values of the composite targets (as a geometric mean), the level of pairs balance (as the sum of opposite pairs of quadrilateral angles), and all four targets (as the distance between the actual and standard value of the center of mass). According to the analysis result of the first component, developed countries have the most effective targets (top five – Switzerland, Denmark, Norway, Finland, and the Netherlands). Research of the results of the second component has revealed an imbalance in target pairs for most countries. Determinants of socio–political development are the most effective for developed countries. The economic sphere is most unbalanced for the least developed countries. Various determinants can cause an imbalance for developing and new industrial countries. The analysis of the center of mass distances revealed that not only developed countries could be balanced, but also developing, new industrial and the least developed, which indicates a balanced development of their determinants, which is pretty slow. New Zealand, Mauritius, South Africa and Mali were the most balanced in each country's sustainable growth group.

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“…In addition to the studies mentioned above, which are directly related to the health insurance problem, it is crucial to have a comprehensive picture of the insurance market as part of the financial sector. Thus, Brychko et al (2021Brychko et al ( , 2022, Leonov et al (2014), Lyulyov et al (2021), and Yelnikova and Golochalova (2020) covered the financial sector environment in the context of the functioning insurance companies, as well as cover some determinants conditioning financial sustainability of the country's medical system. Scientists consider the concept of financial sustainability in the healthcare system and identify critical factors that affect it.…”

Section: Introductionmentioning

confidence: 99%

Interaction between health insurance, household income, and public health financing in Ukraine

Kuzior

Krawczyk

Didenko

et al. 2022

Problems and Perspectives in Management

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The most significant problems in financing the public health system in Ukraine are the permanent deficit of public spending on medicine and the shallow development of the voluntary health insurance market. The aim of study is the search of optimal interactions between stakeholders in the system of relations “state – insurance companies – households” in the context of voluntary health insurance. The study hypothesizes that households can become more active participants in health insurance only if their average monthly income reaches a certain threshold level. It is calculated based on the results of simulation games using the Brown-Robinson iterative method. According to the simulation results, this threshold level is only 7% higher than the actual value of the average monthly income of Ukrainian households during the analysis. At the same time, under this condition, the state in Ukraine will be able to transfer part of the financial burden of compensating healthcare costs to insurance companies. According to the calculations made with the help of the game theory toolkit, with the maximization of insurance payments to the population under health insurance contracts, the burden on public health financing in Ukraine could be reduced by 67.7%. The paper was conducted on the data of the ten most potent insurance companies of Ukraine as of 2021 (it is they who accumulate the lion’s share of household insurance premiums), that is, before the start of a full-scale war between the Russian Federation and Ukraine. The obtained results can be used both by insurance companies during the management of insurance premiums and payments and at the level of state management of costs in the field of public health. AcknowledgmentThis study was undertaken as a part of the research projects granted by the Ministry of Education and Science of Ukraine: “Socio-economic recovery after COVID-19: modeling the implications for macroeconomic stability, national security and local community resilience” (registration number 0122U000778); “The impact of COVID-19 on the transformation of the system of medical and social security of population: economic, financial-budgetary, institutional-political determinants” (0122U000781).

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

Cited by 36 publications

References 63 publications

The public debt of Ukraine in the economic development policy in the war and post-war periods: Bibliometric analysis

The public debt of Ukraine in the economic development policy in the war and post-war periods: Bibliometric analysis

The barycentric model of determining the sustainable growth determinants

Interaction between health insurance, household income, and public health financing in Ukraine

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