ANALYTICAL SURVEY OF MACROECONOMIC INFLUENCES ON LOCAL BUDGET REVENUES IN UKRAINE

Authors

  • H. M. Kotina Vadym Hetman Kyiv National Economic University Ministry of Education and Science of Ukraine, Department of Finance, Peremohy av. 54/1, Kyiv, 03680
  • M. M. Stepura Vadym Hetman Kyiv National Economic University Ministry of Education and Science of Ukraine, Department of Finance, Peremohy av. 54/1, Kyiv, 03680
  • Ye.H. Tilichenko Vadym Hetman Kyiv National Economic University Ministry of Education and Science of Ukraine, Department of Finance, Peremohy av. 54/1, Kyiv, 03680

DOI:

https://doi.org/10.15330/apred.1.14.241-253

Keywords:

local budget revenues, economic and mathematical modeling, time series of data, spatial data series, pair linear regression, multiple linear regression, multi-factor model of budget revenues

Abstract

The purpose of the paper was to examine the main factors determining the spatial structure and time dynamics of local budget revenues, highlight the major trends which lead to changes in the considered financial indicators, and construct a multi-factor model of the dependence of budget revenues from other economic indicators. The article highlights the economic and social value of local budget revenues in terms of decentralization and European integration of Ukraine. The main trends and factors which have an influence on the amount of financial resources of local governments in Ukraine are determined. A multi-factor model for variation of budget revenues under the influence of external and internal factors has been constructed. The results of the study will be used in the further work during the process of developing of specific proposals on how to increase the efficiency of exploitation of public financial resources.

Author Biographies

H. M. Kotina , Vadym Hetman Kyiv National Economic University Ministry of Education and Science of Ukraine, Department of Finance, Peremohy av. 54/1, Kyiv, 03680

кандидат економічних наук, доцент

M. M. Stepura , Vadym Hetman Kyiv National Economic University Ministry of Education and Science of Ukraine, Department of Finance, Peremohy av. 54/1, Kyiv, 03680

кандидат економічних наук, доцент

Ye.H. Tilichenko, Vadym Hetman Kyiv National Economic University Ministry of Education and Science of Ukraine, Department of Finance, Peremohy av. 54/1, Kyiv, 03680

аспірант

References

1. Keenе, М. and P. Thomson. “Analysis of lax revenue forecast errors.” New Zealand Treasury working paper, no.2, 2007.
2. Lea, T., Perez, J., Tujula, M., and J. Vidal. “Fiscal Forecasting: Lessons from the Literature and Challenges.” ECB Working Paper Series, no. 843, 2007.
3. Berezhna, L.V., and O.I. Snytyuk. Economic and mathematical methods and models in finances, Kondor, 2009.
4. Buryachenko, A. Ye. Financial potential of the regional development, KNEU, 2013.
5. Volkovskyi, YE. I., Kotina, H. M., and M. M. Stepura. “Budget potential and potential of the territory budget: methodical aspects.” Problemy ekonomiky, no.4, 2014. Vernadsky Natinal library of Ukraine, nbuv.gov.ua/UJRN/Pekon_2014_4_49. Accessed 11 Mar. 2018
6. Volkovskyi, Y. I., Kotina, H. M., and M. M. Stepura. “The basic component of the budget potential of the metropolitan city.” Biznes Inform, no. 12, 2014, pp. 421-429. Vernadsky Natinal library of Ukraine, nbuv.gov.ua/UJRN/binf_2014_12_63. Accessed 11 Mar. 2018
7. Lunina, I.O. , Kyrylenko, O. P., and A. V. Luchka. Diversification of local budget revenues, In-t ekon. ta prohnozuv., 2010.
8. Padalka, V.M., Krasnostup, N.I., and V.I. Krapyvka. “Econometric forecasting of budget revenues.” Finansy Ukrayiny, no. 10,2002, pp. 89–98.
9. Chuhunov, I. Ya. Budget mechanism for regulation of economic development. NIOS, 2003.
10.Budget Code of Ukraine. The Verkhovna Rada of Ukraine, zakon0.rada.gov.ua/laws/show/2456-17. Accessed 11 Mar. 2018.
11. The Law of Ukraine “On Local Self-Government in Ukraine”. The Verkhovna Rada of Ukraine, zakon2.rada.gov.ua/laws/show/280/97-%D0%B2%D1%80. Accessed 11 Mar. 2018.
12.Ofitsiynyy veb-portal Derzhavnoyi kaznacheyskoyi sluzhby Ukrayiny, www.treasury.gov.ua/main/uk/index. Accessed 11 Mar. 2018.
13. Veb-portal byudzhetnoyi statystyky Ukrayiny, http://cost.ua/budget/revenue/. Accessed 11 Mar. 2018.
14.Ofitsiynyy veb-portal Derzhavnoyi sluzhby statystyky Ukrayiny, ukrstat.gov.ua/. Accessed 11 Mar. 2018.
15.Ofitsiynyy veb-portal Kyivskoyi miskoyi derzhavnoyi administratsiyi, kyivcity.gov.ua/. Accessed 11 Mar. 2018.

Downloads

Published

2020-02-28

How to Cite

Kotina , H. M., Stepura , M. M., & Tilichenko, Y. (2020). ANALYTICAL SURVEY OF MACROECONOMIC INFLUENCES ON LOCAL BUDGET REVENUES IN UKRAINE. The Actual Problems of Regional Economy Development, 1(14), 241–253. https://doi.org/10.15330/apred.1.14.241-253

Issue

Vol. 1 No. 14 (2018): THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT"

Section

Regional policy

License

Authors who publish with this journal agree to the following terms:
    1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution NonCommercial NoDerivs 4.0 Unported License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
    1. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  1. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access)