Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika最新文献

{"title":"THE RELATIONSHIP BETWEEN GDP AND TAX REVENUES FROM THE MARKET OF GAMBLING AND LOTTERIES IN LITHUANIA","authors":"Erstida Ulvidienė, Irma Meškauskaitė, Vincentas Giedraitis, Andriy Stavytskyy","doi":"10.17721/1728-2667.2023/222-1/19","DOIUrl":"https://doi.org/10.17721/1728-2667.2023/222-1/19","url":null,"abstract":"More than two decades after the legalisation of gambling and almost three decades after the beginning of the organisation of lotteries in Lithuania (the Gaming Law of the Republic of Lithuania came into force in 2001 and the Law on Lotteries in 2004), it is already possible to discern the trends in the development of this business and the impact of this business on the individual and on society. Gambling and lotteries are seen ambiguously both in the work of researchers and in society: some see the activity as a fun pastime or a form of leisure, while others argue that it is an addiction with negative psychological, social and economic consequences for the individual, the family and society. In Lithuania, there has been very little research on the impact of gambling and lotteries on individuals and society, compared to other countries such as Italy, the United States, Australia, New Zealand and Canada. In these countries, gambling and lotteries have a very long and deep tradition, are a very important area of the economy (business) and a popular way of spending leisure time. This article examines the development trends of the gambling and lotteries market in Lithuania. The study made use of quarterly time series data including from 2004Q1 to 2021Q4. During the research we established, that every year, the income from land-based gambling decreases and the gross income from online gambling increases. In 2021, 53 percent of the gross gambling and lottery revenue structure was from online gambling. Additionally, according to the of Autoregressive Distributed Lag (ARDL) model, the paper estimated the relationship between the gross domestic product of Lithuania and the tax receipts of gambling and lotteries to the Lithuanian state budget. According to the study, GDP growth influences gambling and lottery tax revenues directly, without postponed effect, but at the same time, there is a fairly strong inertia in budget revenues from gambling and lottery.","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135839918","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"EVALUATION OF DISPARITIES IN THE SOCIO-ECONOMIC DEVELOPMENT OF THE REGIONS OF UKRAINE ON THE BASIS OF CONVERGENT-DIVERGENT PROCESSES","authors":"Varnalii Zakharii, Olga Shevchenko, Nataliia Kuzmynchuk","doi":"10.17721/1728-2667.2023/222-1/2","DOIUrl":"https://doi.org/10.17721/1728-2667.2023/222-1/2","url":null,"abstract":"Disparities of socioeconomic indices of Ukraine's regions are a scientific problem and a practical task that should be solved on a strategic horizon. Current regulation of regional development does not take into account the dynamic processes of disparity indicators in the long-term period, which leads to an incorrect definition of disparities regulation goals. The purpose of this article can be stated as the working out of a system for evaluating the disparities indicators, and disparities' dynamic shows the necessity to use a convergent-divergent approach. Convergent-divergent processes were analyzed for the following groups of indicators (demographic, productive, natural and ecological, foreign economic, and structural disparities) in 2007–2021 and for three classes of regions: with balanced, restrained, and unrestrained disparities. The analytical model for convergent- divergent processes of territorial development disparities is based on econometric models of assessing spatial β-convergence. It involves analysis of absolute and conditional convergence of regional development; assessment of convergence accounting indicators of regional disparities; verification of the hypothesis about the strengthening of disparities. In particular, obtained results of absolute convergence indicate that regions with unrestrained disparities of some spheres do not tend to grow faster than classes of regions with balanced disparities of the same spheres since even a lower level of disparities does not guarantee a higher rate of disparities reduction. Therefore, the convergence of disparities is a very long process. Results indicate the strengthening of divergent trends in the uneven development of regions and can be used to determine vulnerable areas with disparities in regions, and besides, this model is considered to be a decision-making supportive tool for the reduction of interregional disparities.","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135754628","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CONSUMER MOTIVATION IN THE LUXURY WATCH MARKETS OF UKRAINE AND ITALY: PRE-PANDEMIC/WAR TRENDS AND PREDICTIONS","authors":"Nataliia Kochkina, Borys Kharchenko","doi":"10.17721/1728-2667.2023/222-1/9","DOIUrl":"https://doi.org/10.17721/1728-2667.2023/222-1/9","url":null,"abstract":"This article examines consumer motivation within the luxury watch markets of Ukraine and Italy before the onset of the COVID-19 pandemic and the war in Ukraine, as well as their future prospects following the conflict's conclusion. The expert survey indicates that both countries share similar motivations and purchasing behavior, with social status, fashion, and personal preferences serving as the primary drivers for luxury consumption. Ukrainian consumers exhibit more overtly demonstrative behavior driven by status, wealth, and social group alignment. Italians prioritize social motives, prestige, fashion, horological art, and status display. Brand and price are significant in Ukraine, while brands and influencers impact Italian consumers' choices. Perception maps reveal that Patek Philippe and Audemars enjoy the most favorable brand image, with Rolex following closely behind as Italy's leading luxury watch brand. The study shows that the COVID-19 pandemic positively impacted market development, generating an unfulfilled demand that increased sales and prices for luxury watches, with collectors demonstrating rapid demand growth. A new trend in purchasing vintage non-working watches for their stylish appeal emerged. However, the ongoing war in Ukraine caused severe damage to both markets, with demand in Ukraine plummeting. Nevertheless, both markets' stable consumer motivation and purchasing patterns enable the prediction of a swift recovery in demand for luxury watches during the post-war period. The return of refugees from Europe and other countries to Ukraine will contribute to the Europeanization of Ukraine, potentially promoting European values that could positively impact the vintage watch segment, which was unpopular among Ukrainians before the war. Additionally, the rapid reconstruction of the country under a national \"Marshall Plan\" will likely give rise to another trend in the luxury watch market.","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135799956","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE OPEN INNOVATION CONCEPT: ESSENCE AND PRACTICAL USE","authors":"Olga Miroshnychenko","doi":"10.17721/1728-2667.2023/222-1/11","DOIUrl":"https://doi.org/10.17721/1728-2667.2023/222-1/11","url":null,"abstract":"Today, the acceleration of globalization processes, the development of the IT sector, the use of artificial intelligence, and the creation of the digital single market change the external environment for innovation, affect the peculiarities of running the business in all sectors of the economy, encourage companies to implement the open innovation strategies and create more effective forms to engage partners in cooperation. The purpose of the paper is to consider the essence of the open innovation concept, the main features of its implementation for the formation of effective channels for interaction with partners, and the selection of effective models of financing for open innovation activity in the era of digital transformation and turbulence. The prerequisites for the emergence, directions of development, and spread of the open innovation concept have been determined. A feature of open innovation activity is the use of a joint approach and the involvement of the collective intelligence of a wide range of participants (partners, clients, representatives of the scientific community, and citizens) to solve a certain problem. The exchange of ideas, information, and knowledge is at the core of the open innovation concept, its core is transparent cooperation between individual participants of the innovation process at various stages of its development. The key aspects of building effective channels of interaction with partners for the implementation of open innovations have been characterized. It has been found that an important role in implementing the open innovation model is played by targeted knowledge flows, which are used both for accelerating innovation processes within the company and for more effective use of innovations in the external environment. It has been determined, that there are appropriate financing models to attract investments for the implementation of open innovations. Venture funds, external accelerators, and spin-offs can be used by large businesses; external business incubators, business angels, startup scouting, crowdfunding, and hackathons – for medium and small businesses.","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135800259","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"DEVELOPMENT OF COOPERATION IN THE FORMATION OF SOCIAL AND ECONOMIC WELL-BEING OF RURAL HOUSEHOLDS: CONCEPTUAL AND METHODOLOGICAL DISCOURSE","authors":"Oleksandr Shpykuliak, Antonina Sholoiko, Volodymyr Yukhumenko","doi":"10.17721/1728-2667.2023/222-1/20","DOIUrl":"https://doi.org/10.17721/1728-2667.2023/222-1/20","url":null,"abstract":"Under crisis, the promotion of initiatives to create cooperatives in rural areas is especially relevant for improving the social and economic well- being of rural households. The purpose of the article is to conceptualize the importance of cooperation in increasing the socio-economic well-being of rural households. Data from the State Statistics Service of Ukraine were used to analyze the main indicators of the socio-economic development of rural households in the pre-war period. Initiatives to create cooperatives in rural areas are studied based on the data of the National Project \"Incredible Villages of Ukraine\" in 2022. The monographic approach and the construction of a logical model were used to deepen the importance of cooperation in increasing the socio-economic well-being of rural households in the context of ensuring sustainable development in rural areas. It was found that the pre-war state of rural households in Ukraine is characterized by low indicators of socio-economic development. Accordingly, the war and post-war periods of the functioning of rural households will be characterized by a drop in the standard of living of the rural population. It is proposed to consider cooperation as a tool for consolidating the capabilities of rural households in order to increase their social and economic well- being. The analysis of business projects for the creation of agricultural cooperatives indicated that further research should be conducted in the direction of attracting financing for the performance of the activities of cooperatives in rural areas both with the help of traditional tools (loans, grants, etc.) and with the help of the latest tools with a targeted impact on sustainable economic, social and environmental development (social, green, sustainable bonds). Accordingly, the effect of increasing the socio-economic well-being of rural households will be twofold: both when joining a cooperative (organizational) and when attracting financing from bonds with a specific purpose (economic).","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135801363","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"TRANSFORMATION OF UKRAINE'S FINANCIAL ASSETS IN THE CONTEXT OF INTEGRATION INTO THE GLOBAL FINANCIAL SYSTEM","authors":"Roman Rak, Vitalina Delas","doi":"10.17721/1728-2667.2023/222-1/15","DOIUrl":"https://doi.org/10.17721/1728-2667.2023/222-1/15","url":null,"abstract":"The article examines the main components of global financial assets and the dynamics of their changes in the international finance system in the context of the global transformation of financial architecture and financial interconnections that have occurred in recent decades. It was found that the volume of global assets in 2020 exceeds global GDP by more than 18 times. The assets under study have three almost equivalent components: assets of the real sector of the economy (non-financial corporations), financial sector assets (financial corporations), and financial system assets (households and governments). Each component in 2020 accounts for approximately one-third, which is about $500 trillion, equivalent to about six times the GDP. The author proves that the slow growth of each component observed in recent years is one of the obstacles to economic growth, which reduces the investment potential of territories in business development, consumption, innovation, and infrastructure development. The main components of financial assets inherent in the domestic financial system were analyzed. Differences in the volume concerning GDP and the structure of financial assets of Ukraine with global indicators were revealed. It was found that the ratio of domestic financial assets to GDP is less than one, and their structure does not correspond to global trends, which indicates a significant delay in the development of the domestic financial sector, but at the same time gives rise to optimistic expectations about the scale of future development. The reasons for the significant differences in the structure of financial assets in Ukraine and the leading countries in the world were analyzed. It was found that the growth of volumes and transformation of the structure of financial assets in Ukraine should be the result of post-war reconstruction and depends on how quickly the war in Ukraine ends, as well as on some reforms that are the key to Ukraine's movement towards the European economic and financial space.","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135838182","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE DEVELOPMENT OF ECONOMIC IDEAS","authors":"Kevin Lawler, Tetyana Vlasova, Iryna Pavlenko, Alfredo Moscardini","doi":"10.17721/1728-2667.2023/222-1/12","DOIUrl":"https://doi.org/10.17721/1728-2667.2023/222-1/12","url":null,"abstract":"The underlying hypothesis in this paper is that there are two fundamental views of the world in which Economists operate: the participatory and the observational. A consequence of these different views is in the extent to which the world can be understood and controlled. Economics was created in a period where the scientific (observational) view was in the ascendant and has benefitted and suffered because of it. The paper examines Economic thinking in this context and illustrates by apposite examples that although there has been a move by Economists to move from a rigorous mathematical straitjacket, not enough has been done. The paper suggests that the future of Economics depends on maintaining a continuous and necessary interchange between the two views. The basic premise underlying this paper is that we experience a physical presence- we are 'embodied minds.' This creates a worldview (the Soft Systems Methodology uses the word 'weltanschauung ') that is subjective and experiential.","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"152 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135800255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"STRATEGIES TO DIVERSIFY INTERNATIONAL ACTIVITY OF UKRAINIAN METALLURGICAL ENTERPRISES","authors":"Alla Starostina, Yana Derbenova, Fato Sharoian","doi":"10.17721/1728-2667.2023/222-1/17","DOIUrl":"https://doi.org/10.17721/1728-2667.2023/222-1/17","url":null,"abstract":"The article is focused on researching and developing strategies for the diversification of international activities for enterprises in the Ukrainian metallurgical industry. It is emphasized that the metallurgical industry is of strategic importance to the economy of Ukraine, as it is a net exporter, generates numerous job opportunities, contributes significantly to the country's GDP, and attracts foreign capital investments. Various international diversification strategies are proposed, including diversification of sales geography, diversification of production, and diversification of the product portfolio. A comparative analysis is conducted to determine the advantages and disadvantages of each strategy, to identify the most relevant approach for specific enterprises. The comparative analysis revealed that diversification of international activity is the most effective strategy for minimizing risks and maintaining the profitability of companies. Three diversification strategies for the international activities of Ukrainian metallurgical enterprises are proposed, which include diversification of sales geography, diversification of production, and diversification of the product portfolio. Recommendations and measures for implementing each of the proposed international diversification strategies are presented. It is determined that, given the current war conditions, the priorities for metallurgical enterprises in developing strategies for international activities are the optimization of supply chains, including the creation of joint ventures with neighboring countries, providing conditions for the creation of high-value-added products, improving production capacities, and taking into account the factor of decarbonization to reduce the impact of the Carbon border adjustment payment.","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135800903","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"BUSINESS CYCLE TRENDS WITHIN THE EUROPEAN CORE AND PERIPHERY: IMPLICATIONS FOR UKRAINE","authors":"Taras Zholos, Valerii Mazurenko","doi":"10.17721/1728-2667.2023/222-1/7","DOIUrl":"https://doi.org/10.17721/1728-2667.2023/222-1/7","url":null,"abstract":"Economic theory suggests that economic integration can promote business cycle co-movement, which in turn facilitates the institution of common counter-cyclical policies. However, evidence from empirical studies on co-movement within the EU and Europe as a whole is mixed, particularly concerning a so-called group of peripheral countries. This article argues that the existence of large international shocks and their heterogeneous impact on national economies changes the interpretation of co-movement. A decomposition of business cycles into common and country-specific components via a flexible Bayesian dynamic factor model with time-varying parameters and stochastic volatility reveals that the patterns of co-movement among the EU core and periphery are similar after common shocks – such as the Great Recession and the COVID-19 pandemic – and the upward bias introduced by the use of the Pearson correlation coefficient is accounted for. However, it is found that there is another important distinction between the EU core and periphery; that is, during the period of the Great Re-moderation that followed the Great Recession, the business cycles of the core EU countries converged to a lower level of volatility than those of the periphery. Moreover, it is shown that various standard measures of business cycle co-movement can conflate co-movement and volatility convergence, which alters their interpretation. Importantly, this article relates the experience of the EU core and periphery to that of Ukraine. In particular, it is found that the business cycle of Ukraine is similar to those of the EU periphery in terms of the level of its volatility and co-movement vis-à-vis the core EU countries, which has important implications for further development of Ukraine's European integration policy.","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"168 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135799456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"IMPLEMENTING NEW MARKETING STRATEGIES IN THE CONTEXT OF THE ONLINE ENVIRONMENT - ADVANTAGES, DISADVANTAGES, STATISTICS AND TRENDS","authors":"L. Dumitrescu, Mircea Fuciu, Hortensia Gorski","doi":"10.17721/1728-2667.2018/198-3/4","DOIUrl":"https://doi.org/10.17721/1728-2667.2018/198-3/4","url":null,"abstract":"In the context of the online environment and the pressure created by the new information and communication technologies, when the Internet is used by more than 40% of the world population, when the penetration rate of the online has reached more than 75% in Europe (52% in Romania) and almost 90% in North America and when the smartphone has become a constant com­panion of the individuals, today’s companies must adapt or develop new marketing strategies that will help them win and retain the consumers, otherwise they will slowly perish. This paper aims to present several important marketing strategies based on the usage of the Internet tools like: search engine optimisation (SEO), content marketing, social media/online social networks, email marketing, lead generation, sales etc., that can be implemented by the Romanian companies. We are presenting several im­portant advantages and disadvantages of these marketing strategies. We will also bring forth several important statistics regard­ing the Internet usage and of the online marketing tools and we shall underline future trends related to these aspects, all this being designed to support future managerial decisions and to better understand the need for the companies to implement and use them successfully.","PeriodicalId":30924,"journal":{"name":"Visnik Kiivs''kogo Nacional''nogo Universitetu imeni Tarasa Sevcenka Ekonomika","volume":"3 1","pages":"39-43"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48381947","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}