MODERN MANAGEMENT APPROACHES TO THE FINANCIAL SECURITY OF THE REGION UNDER BUDGETARY DECENTRALIZATION

Nowadays, the main target of economic and investment policies of local authorities is to ensure the increase of their own financial resources in order to strengthen the financial capacity to meet the needs of the maximum administrative units and to attract investment in its development. The modern economic crisis has essentially affected financial possibilities of the majority of regions Ukraine. In these conditions for working out regional economic policy and increasing its realization efficiency, special attention should be given to the analysis of processes of formation and estimation of financial potential of the region opening financial resources of economic entities, factors and conditions of their involving, and also risks and threats arising in the course of use. The main purpose of the article is to study the definition of “financial capacity” and develop a model for the region’s financial capacity building based on its assessment. The article deals with the nature, content, and approaches to the interpretation of economic category “financial potential of the region,” the importance of financial potential for sustainable economic growth in the region is proved. It is determined that not all financial resources created in the region are used in its territory and, conversely, a part of the financial resources generated in other regions of the country is used here to meet the needs of the region. Results. This article reflects the present approach of ideas of the financial potential of a region, singles out its basic elements such as tax, investment, budgetary, and credit potential. The existing methods of the formation of the estimation of the regional potential are presented and basic problems of their estimation are formulated. The implementation stages are presented and the elements of the mechanism of the financial potential management of regional development are described. Practical implications. The basic directions of this mechanism implementation to ensure social and economic regional development are proposed. Value/originality. The suggested model can be used by local authorities in determining the actual financial capacity of a region and will also make it possible to evaluate financial capacity under declining subsidies from budgets of other levels. Ausführliche Beschreibung

Gespeichert in:

Autor*in:	Iіa Chudaeva [verfasserIn] Olena Sukach [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2019

Schlagwörter:	region, financial system of region, mechanism of financial potential management of regional economic growth, financial potential of region

Übergeordnetes Werk:	In: Baltic Journal of Economic Studies - Izdevnieciba “Baltija Publishing”, 2017, 5(2019), 4, Seite 227-235
Übergeordnetes Werk:	volume:5 ; year:2019 ; number:4 ; pages:227-235

Links:	Link aufrufen Link aufrufen Link aufrufen Journal toc Journal toc

DOI / URN:	10.30525/2256-0742/2019-5-4-227-235

Katalog-ID:	DOAJ01535833X

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allfields_unstemmed	10.30525/2256-0742/2019-5-4-227-235 doi (DE-627)DOAJ01535833X (DE-599)DOAJ0e75e0371c0741caaa0f704215865b6c DE-627 ger DE-627 rakwb eng HD72-88 Iіa Chudaeva verfasserin aut MODERN MANAGEMENT APPROACHES TO THE FINANCIAL SECURITY OF THE REGION UNDER BUDGETARY DECENTRALIZATION 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Nowadays, the main target of economic and investment policies of local authorities is to ensure the increase of their own financial resources in order to strengthen the financial capacity to meet the needs of the maximum administrative units and to attract investment in its development. The modern economic crisis has essentially affected financial possibilities of the majority of regions Ukraine. In these conditions for working out regional economic policy and increasing its realization efficiency, special attention should be given to the analysis of processes of formation and estimation of financial potential of the region opening financial resources of economic entities, factors and conditions of their involving, and also risks and threats arising in the course of use. The main purpose of the article is to study the definition of “financial capacity” and develop a model for the region’s financial capacity building based on its assessment. The article deals with the nature, content, and approaches to the interpretation of economic category “financial potential of the region,” the importance of financial potential for sustainable economic growth in the region is proved. It is determined that not all financial resources created in the region are used in its territory and, conversely, a part of the financial resources generated in other regions of the country is used here to meet the needs of the region. Results. This article reflects the present approach of ideas of the financial potential of a region, singles out its basic elements such as tax, investment, budgetary, and credit potential. The existing methods of the formation of the estimation of the regional potential are presented and basic problems of their estimation are formulated. The implementation stages are presented and the elements of the mechanism of the financial potential management of regional development are described. Practical implications. The basic directions of this mechanism implementation to ensure social and economic regional development are proposed. Value/originality. The suggested model can be used by local authorities in determining the actual financial capacity of a region and will also make it possible to evaluate financial capacity under declining subsidies from budgets of other levels. region, financial system of region, mechanism of financial potential management of regional economic growth, financial potential of region Economic growth, development, planning Olena Sukach verfasserin aut In Baltic Journal of Economic Studies Izdevnieciba “Baltija Publishing”, 2017 5(2019), 4, Seite 227-235 (DE-627)881279250 (DE-600)2886399-9 22560963 nnns volume:5 year:2019 number:4 pages:227-235 https://doi.org/10.30525/2256-0742/2019-5-4-227-235 kostenfrei https://doaj.org/article/0e75e0371c0741caaa0f704215865b6c kostenfrei http://www.baltijapublishing.lv/index.php/issue/article/view/726 kostenfrei https://doaj.org/toc/2256-0742 Journal toc kostenfrei https://doaj.org/toc/2256-0963 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ SSG-OLC-PHA GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2014 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 5 2019 4 227-235
allfieldsGer	10.30525/2256-0742/2019-5-4-227-235 doi (DE-627)DOAJ01535833X (DE-599)DOAJ0e75e0371c0741caaa0f704215865b6c DE-627 ger DE-627 rakwb eng HD72-88 Iіa Chudaeva verfasserin aut MODERN MANAGEMENT APPROACHES TO THE FINANCIAL SECURITY OF THE REGION UNDER BUDGETARY DECENTRALIZATION 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Nowadays, the main target of economic and investment policies of local authorities is to ensure the increase of their own financial resources in order to strengthen the financial capacity to meet the needs of the maximum administrative units and to attract investment in its development. The modern economic crisis has essentially affected financial possibilities of the majority of regions Ukraine. In these conditions for working out regional economic policy and increasing its realization efficiency, special attention should be given to the analysis of processes of formation and estimation of financial potential of the region opening financial resources of economic entities, factors and conditions of their involving, and also risks and threats arising in the course of use. The main purpose of the article is to study the definition of “financial capacity” and develop a model for the region’s financial capacity building based on its assessment. The article deals with the nature, content, and approaches to the interpretation of economic category “financial potential of the region,” the importance of financial potential for sustainable economic growth in the region is proved. It is determined that not all financial resources created in the region are used in its territory and, conversely, a part of the financial resources generated in other regions of the country is used here to meet the needs of the region. Results. This article reflects the present approach of ideas of the financial potential of a region, singles out its basic elements such as tax, investment, budgetary, and credit potential. The existing methods of the formation of the estimation of the regional potential are presented and basic problems of their estimation are formulated. The implementation stages are presented and the elements of the mechanism of the financial potential management of regional development are described. Practical implications. The basic directions of this mechanism implementation to ensure social and economic regional development are proposed. Value/originality. The suggested model can be used by local authorities in determining the actual financial capacity of a region and will also make it possible to evaluate financial capacity under declining subsidies from budgets of other levels. region, financial system of region, mechanism of financial potential management of regional economic growth, financial potential of region Economic growth, development, planning Olena Sukach verfasserin aut In Baltic Journal of Economic Studies Izdevnieciba “Baltija Publishing”, 2017 5(2019), 4, Seite 227-235 (DE-627)881279250 (DE-600)2886399-9 22560963 nnns volume:5 year:2019 number:4 pages:227-235 https://doi.org/10.30525/2256-0742/2019-5-4-227-235 kostenfrei https://doaj.org/article/0e75e0371c0741caaa0f704215865b6c kostenfrei http://www.baltijapublishing.lv/index.php/issue/article/view/726 kostenfrei https://doaj.org/toc/2256-0742 Journal toc kostenfrei https://doaj.org/toc/2256-0963 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ SSG-OLC-PHA GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2014 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 5 2019 4 227-235
allfieldsSound	10.30525/2256-0742/2019-5-4-227-235 doi (DE-627)DOAJ01535833X (DE-599)DOAJ0e75e0371c0741caaa0f704215865b6c DE-627 ger DE-627 rakwb eng HD72-88 Iіa Chudaeva verfasserin aut MODERN MANAGEMENT APPROACHES TO THE FINANCIAL SECURITY OF THE REGION UNDER BUDGETARY DECENTRALIZATION 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Nowadays, the main target of economic and investment policies of local authorities is to ensure the increase of their own financial resources in order to strengthen the financial capacity to meet the needs of the maximum administrative units and to attract investment in its development. The modern economic crisis has essentially affected financial possibilities of the majority of regions Ukraine. In these conditions for working out regional economic policy and increasing its realization efficiency, special attention should be given to the analysis of processes of formation and estimation of financial potential of the region opening financial resources of economic entities, factors and conditions of their involving, and also risks and threats arising in the course of use. The main purpose of the article is to study the definition of “financial capacity” and develop a model for the region’s financial capacity building based on its assessment. The article deals with the nature, content, and approaches to the interpretation of economic category “financial potential of the region,” the importance of financial potential for sustainable economic growth in the region is proved. It is determined that not all financial resources created in the region are used in its territory and, conversely, a part of the financial resources generated in other regions of the country is used here to meet the needs of the region. Results. This article reflects the present approach of ideas of the financial potential of a region, singles out its basic elements such as tax, investment, budgetary, and credit potential. The existing methods of the formation of the estimation of the regional potential are presented and basic problems of their estimation are formulated. The implementation stages are presented and the elements of the mechanism of the financial potential management of regional development are described. Practical implications. The basic directions of this mechanism implementation to ensure social and economic regional development are proposed. Value/originality. The suggested model can be used by local authorities in determining the actual financial capacity of a region and will also make it possible to evaluate financial capacity under declining subsidies from budgets of other levels. region, financial system of region, mechanism of financial potential management of regional economic growth, financial potential of region Economic growth, development, planning Olena Sukach verfasserin aut In Baltic Journal of Economic Studies Izdevnieciba “Baltija Publishing”, 2017 5(2019), 4, Seite 227-235 (DE-627)881279250 (DE-600)2886399-9 22560963 nnns volume:5 year:2019 number:4 pages:227-235 https://doi.org/10.30525/2256-0742/2019-5-4-227-235 kostenfrei https://doaj.org/article/0e75e0371c0741caaa0f704215865b6c kostenfrei http://www.baltijapublishing.lv/index.php/issue/article/view/726 kostenfrei https://doaj.org/toc/2256-0742 Journal toc kostenfrei https://doaj.org/toc/2256-0963 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ SSG-OLC-PHA GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2014 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 5 2019 4 227-235
language	English
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author-letter	Iіa Chudaeva
doi_str_mv	10.30525/2256-0742/2019-5-4-227-235
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title_sort	modern management approaches to the financial security of the region under budgetary decentralization
callnumber	HD72-88
title_auth	MODERN MANAGEMENT APPROACHES TO THE FINANCIAL SECURITY OF THE REGION UNDER BUDGETARY DECENTRALIZATION
abstract	Nowadays, the main target of economic and investment policies of local authorities is to ensure the increase of their own financial resources in order to strengthen the financial capacity to meet the needs of the maximum administrative units and to attract investment in its development. The modern economic crisis has essentially affected financial possibilities of the majority of regions Ukraine. In these conditions for working out regional economic policy and increasing its realization efficiency, special attention should be given to the analysis of processes of formation and estimation of financial potential of the region opening financial resources of economic entities, factors and conditions of their involving, and also risks and threats arising in the course of use. The main purpose of the article is to study the definition of “financial capacity” and develop a model for the region’s financial capacity building based on its assessment. The article deals with the nature, content, and approaches to the interpretation of economic category “financial potential of the region,” the importance of financial potential for sustainable economic growth in the region is proved. It is determined that not all financial resources created in the region are used in its territory and, conversely, a part of the financial resources generated in other regions of the country is used here to meet the needs of the region. Results. This article reflects the present approach of ideas of the financial potential of a region, singles out its basic elements such as tax, investment, budgetary, and credit potential. The existing methods of the formation of the estimation of the regional potential are presented and basic problems of their estimation are formulated. The implementation stages are presented and the elements of the mechanism of the financial potential management of regional development are described. Practical implications. The basic directions of this mechanism implementation to ensure social and economic regional development are proposed. Value/originality. The suggested model can be used by local authorities in determining the actual financial capacity of a region and will also make it possible to evaluate financial capacity under declining subsidies from budgets of other levels.
abstractGer	Nowadays, the main target of economic and investment policies of local authorities is to ensure the increase of their own financial resources in order to strengthen the financial capacity to meet the needs of the maximum administrative units and to attract investment in its development. The modern economic crisis has essentially affected financial possibilities of the majority of regions Ukraine. In these conditions for working out regional economic policy and increasing its realization efficiency, special attention should be given to the analysis of processes of formation and estimation of financial potential of the region opening financial resources of economic entities, factors and conditions of their involving, and also risks and threats arising in the course of use. The main purpose of the article is to study the definition of “financial capacity” and develop a model for the region’s financial capacity building based on its assessment. The article deals with the nature, content, and approaches to the interpretation of economic category “financial potential of the region,” the importance of financial potential for sustainable economic growth in the region is proved. It is determined that not all financial resources created in the region are used in its territory and, conversely, a part of the financial resources generated in other regions of the country is used here to meet the needs of the region. Results. This article reflects the present approach of ideas of the financial potential of a region, singles out its basic elements such as tax, investment, budgetary, and credit potential. The existing methods of the formation of the estimation of the regional potential are presented and basic problems of their estimation are formulated. The implementation stages are presented and the elements of the mechanism of the financial potential management of regional development are described. Practical implications. The basic directions of this mechanism implementation to ensure social and economic regional development are proposed. Value/originality. The suggested model can be used by local authorities in determining the actual financial capacity of a region and will also make it possible to evaluate financial capacity under declining subsidies from budgets of other levels.
abstract_unstemmed	Nowadays, the main target of economic and investment policies of local authorities is to ensure the increase of their own financial resources in order to strengthen the financial capacity to meet the needs of the maximum administrative units and to attract investment in its development. The modern economic crisis has essentially affected financial possibilities of the majority of regions Ukraine. In these conditions for working out regional economic policy and increasing its realization efficiency, special attention should be given to the analysis of processes of formation and estimation of financial potential of the region opening financial resources of economic entities, factors and conditions of their involving, and also risks and threats arising in the course of use. The main purpose of the article is to study the definition of “financial capacity” and develop a model for the region’s financial capacity building based on its assessment. The article deals with the nature, content, and approaches to the interpretation of economic category “financial potential of the region,” the importance of financial potential for sustainable economic growth in the region is proved. It is determined that not all financial resources created in the region are used in its territory and, conversely, a part of the financial resources generated in other regions of the country is used here to meet the needs of the region. Results. This article reflects the present approach of ideas of the financial potential of a region, singles out its basic elements such as tax, investment, budgetary, and credit potential. The existing methods of the formation of the estimation of the regional potential are presented and basic problems of their estimation are formulated. The implementation stages are presented and the elements of the mechanism of the financial potential management of regional development are described. Practical implications. The basic directions of this mechanism implementation to ensure social and economic regional development are proposed. Value/originality. The suggested model can be used by local authorities in determining the actual financial capacity of a region and will also make it possible to evaluate financial capacity under declining subsidies from budgets of other levels.
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title_short	MODERN MANAGEMENT APPROACHES TO THE FINANCIAL SECURITY OF THE REGION UNDER BUDGETARY DECENTRALIZATION
url	https://doi.org/10.30525/2256-0742/2019-5-4-227-235 https://doaj.org/article/0e75e0371c0741caaa0f704215865b6c http://www.baltijapublishing.lv/index.php/issue/article/view/726 https://doaj.org/toc/2256-0742 https://doaj.org/toc/2256-0963
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