Baltic Journal of Economic Studies最新文献

{"title":"SCIENTIFIC FOUNDATIONS FOR THE FORMATION OF A SYSTEM OF FINANCING INNOVATIVE ECONOMIC DEVELOPMENT","authors":"D. Zavadska","doi":"10.30525/2256-0742/2023-9-3-96-107","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-96-107","url":null,"abstract":"A study has been conducted, the actualisation of which is aimed at solving problems arising in the process of financial support for the implementation of the innovative model of economic development of Ukraine and the participation of banks and other participants in the innovation process. The purpose of the article is to develop a methodological basis for the formation of a system of financing innovative economic development. Methodology. The information base of the study is the official statistical sources and the results of scientific works of leading foreign and domestic scientists. The following methods were used: system methodological approach, synergetic, analytical and synthetic approach; comparison and systematisation; observation; graphic method; logical generalisation. Results. The study highlights the general methodological provisions (purpose, objectives, functions, principles and object), which became the basis for the formation of the system of investor financing of innovative economic development. Value/оriginality. For the first time, the components of the system of financing the innovative development of the economy are specified, i.e., the levels, subjects, objects, purposes and instruments of influence. Macro-, meso- and micro-economic levels are identified, which are considered as a whole and are interrelated. Each of the economic entities contributes to the financing of innovative economic development within the framework of its objectives and instruments of influence. Practical implications. The application of the proposed system of financing the innovative development of the economy will ensure a synergetic effect, the implementation of the strategic goals of innovative development, the realisation of the economic interests of the state and the participants in the innovation process.","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45245016","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 MIGRATION ATTITUDES AND EXPECTATIONS OF THE POPULATION IN THE CONTEXT OF MILITARY CONFLICT","authors":"K. Kudak, Kateryna Mashiko, Mykhaylo Pityulych","doi":"10.30525/2256-0742/2023-9-3-125-136","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-125-136","url":null,"abstract":"The article analyses the main trends related to migration issues in Ukraine and the EU caused by the military conflict. An analysis of the theoretical basis of the research was carried out in order to determine the main aspects related to the migratory behaviour of the population in the conditions of military conflicts and crisis situations. Based on the results of a sociological study, an assessment was made of the migration attitudes and expectations of internally displaced persons (IDPs) temporarily residing in the border region of the country under martial law. An attempt was made to assess the impact of migration potential on the development of border regions under the conditions of a military crisis (using the Zakarpattia Oblast as an example). The purpose of this article is to assess the attitudes and expectations of migrants in relation to the military conflict in their country of origin. The study focuses on internally displaced persons (IDPs) living temporarily in the country's border regions, particularly in Zakarpattia Oblast. Methodology. The study is based on a sociological survey of Ukrainian migrants, such as IDPs, in new places of temporary stay in the Transcarpathian region. The survey was conducted in the first half of 2022 using the method of sociological interviews according to a random sample. The structure of the sample is 70.5% – female and 29.5% – male respondents. In addition to the sociological survey, the research is based on statistical data analysis and review of literature studies using qualitative descriptive analysis. The results of the study show significant interdependencies, disparities and trends in migration expectations and attitudes in relation to crisis, which could be the basis for further prognosis and forecasting development in the field of migration theory, such as: gender disparities in migration due to military conflicts; the importance of family ties in migration and resettlement; the predominance of the remote form of work and education, which confirms its effectiveness in crisis situations; the high inclination and desire of IDPs to return home and the low activity of IDPs in migration abroad, which is one of the main differences distinguishing IDPs from other types of migrants.","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41316811","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":"DIGITAL CURRENCIES, SWOT ANALYSIS","authors":"Kjartan Sigurðsson, Grétar Þór Eyþórsson, Helga Kristjánsdóttir","doi":"10.30525/2256-0742/2023-9-3-1-9","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-1-9","url":null,"abstract":"Abstract. The paper highlights the increased international trade and discussion in recent years of digital currencies, also known as virtual currencies or cryptocurrencies, including the bilateral trade coin bitcoin (BTC). Scholars have emphasised the need to consider different preconditions, focusing primarily on domestic perspectives of payment intermediation within individual countries. The inclusion of digital currencies in global trade is motivated by the recognition that time is playing an increasingly important role in trade dynamics. Scholars have presented arguments on the potential impact of CBDCs (central bank digital currencies), highlighting their ability to facilitate secure and seamless payment transactions in line with the primary objective of central banks. Conversely, sceptics argue that the mere issuance of CBDCs can potentially undermine the stability of the financial system. High interest rates tend to reduce the amount of cash in circulation. Therefore, higher interest rates do not stimulate digital currencies as investors seek to keep their funds tied up rather than floating. The purpose of this research is to consider the concept of digital currencies in global trade, reflecting the increasing importance of time in trade. Older generations have been reluctant to embrace this new way of doing business, and many questions have arisen. For example, digital currencies compete with traditional currencies, making government control difficult. There are also issues of trust, credibility, volatility, use across countries, use across time zones, trading time, uncertainty, disruption to current centralised economic systems, lender of last resort in the form of a central bank, as well as distance and culture in international trade. The methodology used is the well-known and classic SWOT analysis, which provides tools for analysing the pros and cons of digital currencies. It sheds light on the advantages and disadvantages of digital currencies, including strengths, weaknesses, opportunities and threats. The results vary depending on the weight of the four measures provided. The practical implications are that it is important to be aware of the measured factors when trading: Strengths, Weaknesses, Opportunities and Threats. Finally, it is believed that the value/originality of the research sheds light on issues that people need to be aware of when considering entering into a transaction using some form of digital currency.","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43023703","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":"STUDY OF CRITICAL FACTORS OF SOCIAL TENSION IN REGIONAL SYSTEMS","authors":"N. Gavkalova, N. Stepanenko, O. Ponomarenko","doi":"10.30525/2256-0742/2023-9-3-66-76","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-66-76","url":null,"abstract":"Purpose. The purpose of the study is to identify and study critical factors of social tension in different economic regions of Ukraine using a modern set of models for analysis and assessment of the level of social tension in conditions of transformation of the structure of modern society for timely prevention and avoidance of social disparities and uneven development. The main stages of measuring the level of social tension are highlighted: analysis and determination of a set of parameters for assessing social tension, their classification according to their impact on society, formation of a set of initial data, calculation of group integral indicators, construction of a general integral indicator of social tension. The main stages of the study of regions by the level of social tension are defined: a graphic representation of the levels of tension in the regions, the study of the dynamics of the formation of the levels of social tension, the establishment of the main factors of its formation in the regional dimension, the classification of objects by the level of social tension. Value/originality. Theoretical analysis of the content and role of social tension in the economic system was conducted, the main indicators and criteria of social tension were considered, a set of models for analysis and evaluation of social tension in various economic regions of the world and in Ukraine in particular was proposed and implemented. The thesis proposes a conceptual research model divided into two main modules: Module 1 – Assessment and analysis of social tensions; Module 2 – Building a regional development programme. Within the first module, assumptions about the criteria and indicators of social tensions are made, the boundaries of the system are determined, the external environment is described, its essential elements are highlighted and described. The selection of the criteria of social tension was carried out according to the following groups of factors: economic, demographic, political and social, the demarcation of substitutes and those that were included in the model and those that were not analysed by the researcher was carried out. Results. Multiple regression models have been constructed and the most significant variables that have the strongest influence on the resulting criterion have been selected. The second module defines the directions of development of the regions, based on all the data and models obtained previously. The main factors that are indicators of social tensions are identified, namely: the number of people with at least a school education; gross domestic product; total population; average length of study. Practical implications. With the help of economic and mathematical tools, the most important indicators of social tension were formed and determined for each region of Ukraine and the country as a whole, among which the level of income and education are the most critical. The results of the study can be put into practice to nor","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42392910","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":"SOCIO-ECONOMIC DEVELOPMENT OF UKRAINE IN THE GLOBALIZED WORLD","authors":"Svitlana Radziyevska","doi":"10.30525/2256-0742/2023-9-3-167-178","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-167-178","url":null,"abstract":"Since economics is the study of how a society organizes its money, trade, and industry, the social question is at the heart of this science. The objective of the paper is to substantiate the vital necessity of improving the economic and social indicators of Ukraine by implementing social, industrial, foreign trade policies so that the economy is restructured, the domestic production and consumption are developed, the national technological value-added chains are managed, the exports of higher-value-added goods are intensified and diversified to ensure sustainable development of the state where people and their rights are placed at the center of the national economy system functioning. Methodology. The data, taken from the official site of the State Statistics Service of Ukraine, served as the information source for using various methods, e.g.: mathematical, statistical, etc., which resulted in the analysis of the social and economic indicators of the economy of Ukraine, as well as its foreign trade: GDP, population, unemployment rate, average monthly nominal wages, merchandise exports by product, dynamics of exports of goods to main trading partners, etc. Results. The indicators examination allows to conclude that some progress has been made during the period of 2016–2021, compared with that of 2010–2015 in terms of socio-economic and foreign trade development of Ukraine which can be explained by entry into force of the DCFTA; nevertheless, the social issue needs to be confronted by the Ukrainian government: the elaboration and implementation of the industrial and trade policies, as well as the social policy in compliance with the EU standards, will contribute to greater efficiency of Ukraine in the globalized world and eventually eliminate the main cause of the problem: deindustrialization of highly open, financially & technologically dependent economy. Practical implications. It’s substantiated that the system of taxes and subsidies, tariff and non-tariff instruments should be aimed at the rebuilding of domestic manufacturing capacity in order to reduce poverty, to create well-paying jobs, to enhance the quality aspects of the labor force. Value/originality. The country is to improve the socio-economic situation by creating conditions for introducing and managing the national technological value-added chains, as well as diversifying and intensifying exports of goods with higher value added.","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43715133","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":"ECONOMIC MEASURES FOR MANAGING CRITICAL INFRASTRUCTURE FACILITIES IN UKRAINE","authors":"Bohdan Bohdana, O. Kuzmenko, V. Chorna","doi":"10.30525/2256-0742/2023-9-3-22-32","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-22-32","url":null,"abstract":"Purpose. This article defines the variety of economic measures for the management of critical infrastructure objects. Attention is paid to their nature and characteristics, and it is shown how they affect the area under study. The object of the article is social relations arising in the spheres of critical infrastructure. The subject is economic measures of management of critical infrastructure objects of Ukraine Economic measures of management of critical infrastructure objects of Ukraine. Research methods are a system of ways of knowledge that allow to determine the concepts, types and characteristics of economic measures of critical infrastructure. A system of general and special scientific methods of knowledge was used in writing the article. It is about the dialectical method (used during the characterisation of the content of economic methods of public administration of critical infrastructure objects), the grouping method (used during the study of specific types of economic methods of public administration of critical infrastructure objects), the comparative legal method (it helped to compare economic methods of public administration of critical infrastructure objects), the method of documentary analysis (used to confirm the provisions on the facts of application of economic methods of public administration of critical infrastructure objects), the method of analysis (played a significant role in the formulation of the position and conclusions on the researched issues as declared in the article topic). The practical implications are that critical infrastructure facilities are of particular importance for the independence, economic stability and development of the state. The value/originality lies in the fact that the author gives the concept of economic measures of management of critical infrastructure objects of Ukraine and distinguishes their types. Examples of ineffective application of economic measures in the field of critical infrastructure are given. Results. The system of economic measures for the public administration of critical infrastructure objects requires attracting huge funds both from the state budget of Ukraine and from local budgets, as well as from the private sector – operators of critical infrastructure objects. Economic measures, depending on their result and impact on critical infrastructure objects, are divided into 1) those that have a positive meaning, i.e., ensure their development and protection, and 2) negative, i.e. those that contribute to the removal of critical infrastructure objects from the competence of the state and negatively affect their condition and controllability. In addition, the types of economic measures of management of critical infrastructure objects of Ukraine are: 1) categorisation of critical infrastructure objects; 2) assessment of the need to improve their protection and security; 3) involvement of private partnership in the development and modernisation of critical infrastructure facili","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43452724","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":"EFFICIENCY OF THE CUSTOMS TAXATION SYSTEM AS A KEY COMPONENT OF UKRAINE'S FINANCIAL STABILITY IN THE CONTEXT OF WAR","authors":"I. Maksymenko, O. Chumak, Andrii Akimov","doi":"10.30525/2256-0742/2023-9-3-137-144","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-137-144","url":null,"abstract":"The development of the customs taxation system in the course of the Russia's military aggression against Ukraine has acquired strategically important aspects since the first days of the declaration of martial law in Ukraine. The article is devoted to the current issues of customs taxation as the main direction of the multi-vector strategy of the state's foreign economic activity management. In times of war, the process of taxation becomes particularly relevant, which necessitates studying the issues, in particular, aspects of customs taxation under martial law on the territory of Ukraine. The subject of the study is the theoretical and methodological foundations and methods of implementation of the customs taxation system in Ukraine. The authors focus on the peculiarities of customs procedures in times of war and analyse the results of the State Customs Service of Ukraine in 2022. The purpose of the study is to substantiate the theoretical provisions of the customs taxation system in Ukraine under martial law, to analyse the activities of the State Customs Service of Ukraine in 2022 and to propose ways of its improvement. In order to achieve the purpose of the study, the following issues are considered and solved: an analysis of the activities of the State Customs Service of Ukraine is carried out, on the basis of which the system of customs payments for 2022 is characterised and ways of its improvement in the martial law are suggested. The study was conducted using the methods of comparison, abstraction, analysis and generalisation, as well as the method of structural research. As a result of the work carried out, the essence of the customs taxation system in ensuring the foreign economic activity of Ukraine, the constituent elements provided by the current legislation to be implemented by the customs authorities when goods cross the customs border of Ukraine were determined. Conclusions. Despite the steps already taken, the problem of customs taxation during wartime is still relevant. Reforming the practice of the entire taxation system and streamlining the implementation of customs procedures are the main tasks for Ukraine under martial law. Given the importance of foreign economic activity for Ukraine as a global market participant, it is advisable to mobilise all available potential and use it not only to overcome current problems, but also as a basis for post-war recovery. The simplification of customs procedures in the import process will greatly optimise the satisfaction of the needs of the entire country. This contribution was supported by the research work of the Department of Accounting and Taxation of the \"Zaporizhzhia Polytechnic\" National University, No. 0115U004682 \"Transformation of Accounting, Analysis and Audit Methods in the Context of Integration Processes in Ukraine\".","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47286022","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":"DETERMINANTS OF INCREASING THE INNOVATION CAPACITY OF UKRAINE","authors":"O. Zayats, Τomash Yarema, O. Pryiatelchuk","doi":"10.30525/2256-0742/2023-9-3-108-115","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-108-115","url":null,"abstract":"Modelling the development of innovative power is an integral tool for finding ways to ensure the country's competitiveness and post-war recovery to accelerate European integration processes using its technological uniqueness. The innovative vector of economic development is a priority mechanism for the formation of competitive positions at all levels of the world economic system. The main purpose of this paper is to use modelling to identify the key determinants of the development and increase of Ukraine's innovative power, which should be crucial for the post-war recovery of the domestic economy. Methodology. The econometric model describes the efficiency of the use of Ukraine's innovative capacity and highlights its weaknesses. It is necessary to pay special attention to them in the period of post-war reconstruction. Both a correlation matrix of these factors and a regression model of their interdependencies were developed based on the assessment of a number of determinants affecting the formation and growth of innovative power. Results. The econometric modelling made it possible to obtain statistically significant two-factor linear models in which the share of R&D costs and the number of innovative products implemented were the independent variables. The commercialisation of R&D, in particular patenting, which reflects the effectiveness of scientific activity, appears to be very important. Business shows the highest rates of technology implementation. It creates a platform for further stimulation and development of relevant innovations. Practical implications. In the context of European integration processes, it is important to highlight those factors that would become advantages for strengthening the innovative power of Ukraine and to use them as a priority in the formation of the state policy of post-war reconstruction. The intensity of research and development and the introduction of advanced innovations, the innovative activity of the society and its functionality depend on the effective innovation policy of the state, the current state of the economy, the availability of a systematised base of institutes and institutions ensuring scientific and technical activity, modernised infrastructure, specialised information and consulting centres, etc. Value/originality. It has been proved that the priority of the innovative component of the domestic state policy is an undeniable condition for the effectiveness of the development of the economic system at the present stage of turbulence in the conditions of the Russian-Ukrainian war. At the same time, the obvious advantages of innovativeness are cancelled out by the presence of high costs for the development of innovations, a decrease in the activity of commercialisation of inventions, and the imperfection of the intersectoral distribution of funds for research and development.","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43646526","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":"HUMAN CAPITAL ASSESSMENT METHODOLOGY","authors":"Yurii Safonov, V. Borshch, Mykhailo Danylko","doi":"10.30525/2256-0742/2023-9-3-179-184","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-179-184","url":null,"abstract":"The main purpose of the paper is to analyse the existing methods and procedures of estimation of human capital as a dominant factor in improving profitability and competitiveness of the enterprise. The main tasks of the paper are to study and analyse the concept of human capital and its characteristics, to systematise approaches and methods of estimation of human capital within the framework of the company and the national economy. Methodology. This study analyses the theoretical basis of the estimation of human capital at different levels. The method used is literature review. Findings. The article raises the problem of using human capital as one of the indicators of efficient development of the economy. The analysis of the methodology of estimation of human capital is carried out. The article considers current methods of estimation of human capital at different levels: micro-, meso-, macro-, as well as their comparative analysis. The characteristics of the basic approaches to the estimation of human capital are considered, the analysis of the problems of indirect methods of estimation of human capital, objectivity and sufficiency of data for the construction of estimates is carried out. External factors such as socio-psychological resources, environmental influences, human lifestyles, such as dietary intake, need to be taken into account in order to estimate human capital accurately. Each approach has its own strengths and weaknesses. The weaknesses are more related to the difficulties in quantifying some of the components of human capital and the difficulties in collecting, processing and statistically analysing information at all levels of the study. Each approach has its own strengths and weaknesses. The weaknesses are more related to the difficulties of quantifying some components of human capital, and the difficulties of collecting, processing and statistically analysing information at all levels of the study. The authors also found that the investment approach is the most popular and provides the most adequate estimates. Practical implications. The results of this study provide a methodological basis for improving the methodology of estimating the value of human capital. The analysed approaches can be used at different levels of the national economy (macro-, meso- and micro-) by different organisational structures for further management decisions.","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47648769","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":"MORTGAGE LENDING MARKET IN EUROPE: DYNAMICS AND FEATURES","authors":"V. Riashchenko, Wladimir Gottmann, Petro Mandzyk","doi":"10.30525/2256-0742/2023-9-3-77-85","DOIUrl":"https://doi.org/10.30525/2256-0742/2023-9-3-77-85","url":null,"abstract":"The housing market is an important part of any country's economy. The article analyses the main trends in the development of the mortgage lending market in Europe: general dynamics, development of individual segments, lending volumes, interest rates, construction volumes, resource prices, etc. The purpose of this article is to analyse current trends in the development of the housing market. Graphical and statistical analysis methods are used to visualise the trends in investment in residential construction in Europe in 2020-2022, to identify the main external and internal factors behind the market's decline, and to outline development prospects for the coming years. practical implications. Practical implications. The housing investment market is under the influence of new external destabilising factors (pandemic, military aggression), as well as the pressure of factors such as the economic crisis, widespread digitalisation, the fight against black markets, etc. The results of the analysis have identified the main factors currently affecting the European property market: the aftermath of the invasion of Ukraine, a sharp rise in energy prices, rising inflation and interest rates, a slowdown in economic activity and political uncertainty at global, regional and national level. In general, the development of the housing investment market is characterised by the following trends: high interest rates on mortgage loans; tightening of financing conditions and bank standards, reducing the availability of mortgage loans; slowdown in economic growth and rapid inflation; higher prices for energy and building materials, construction costs and, as a result, an increase in house prices; slowdown in bank lending to households buying houses. Value/originality. An urgent task of modern economic science and practice is the search for ways to attract additional financial resources, mechanisms to ease the financial burden of payments for investors, to reduce and distribute investment risks. It is these circumstances that have determined the growth of the housing investment market segment associated with such innovative forms of investment as digital lending and crowdfunding. According to forecasts, the global digital lending market will grow by up to 12% per year until 2026.","PeriodicalId":44766,"journal":{"name":"Baltic Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48046617","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}