Public Sector in the Transformation Economy of Ukraine: Macroeconomic Analysis
Article Sidebar
Main Article Content
Abstract
The purpose of the article is to study the conditions and prospects for the development of the state sector of the Ukrainian economy and to determine the functions and tasks of state-owned enterprises in a transformational economy. The information base of the empirical research is the data of the official website of the Ministry of Economic Development, Trade and Agriculture of Ukraine for 2014-2020. The methodological and methodical sources lie in the provisions of the economic code, the Classifier of institutional sectors of the economy. In the course of the research, the following methodological techniques were used as a comparison, modeling, series of dynamics, grouping, structural-dynamic, and coefficient analysis. The necessity of improving the existing regulatory mechanisms of transformation from state institutions and the development of new effective approaches to the functioning of the system of state entrepreneurship, which takes into account the features of the transformational economy and is based on international experience in building modern market relations and mechanisms for increasing the efficiency of the economic system, has been substantiated. The dynamics of the public sector share in the country's economy is analyzed, and the possible causes and consequences of these structural and dynamic changes are characterized. The results of the study are the proposed classification of types from state-owned enterprises, which is the basis for differentiating their functions and tasks depending on the goals of education, the characteristics of the activity, the structure of ownership, and the strategic priorities of the country's development. The necessity of the state-owned enterprises' sector reforming in the context of global integration is substantiated, as well as general directions and tools for implementing the reform of state-owned enterprises.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
1. Proposal of Policy for Free Access Periodics
Authors whom publish in this magazine should agree to the following terms:
a. Authors should keep the copyrights and grant to the magazine the right of the first publication, with the work simultaneously permitted under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 that allows the sharing of the work with recognition of the authorship of the work and initial publication in this magazine.
b. Authors should have authorization for assuming additional contracts separately, for non-exclusive distribution of the version of the work published in this magazine (e.g.: to publish in an institutional repository or as book chapter), with recognition of authorship and initial publication in this magazine.
c. Authors should have permission and should be stimulated to publish and to distribute its work online (e.g.: in institutional repositories or its personal page) to any point before or during the publishing process, since this can generate productive alterations, as well as increasing the impact and the citation of the published work (See The Effect of Free Access).
Proposal of Policy for Periodic that offer Postponed Free Access
Authors whom publish in this magazine should agree to the following terms:
a. Authors should keep the copyrights and grant to the magazine the right of the first publication, with the work simultaneously permitted under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 [SPECIFY TIME HERE] after the publication, allowing the sharing of the work with recognition of the authorship of the work and initial publication in this magazine.
b. Authors should have authorization for assuming additional contracts separately, for non-exclusive distribution of the version of the work published in this magazine (e.g.: to publish in institutional repository or as book chapter), with recognition of authorship and initial publication in this magazine.
c. Authors should have permission and should be stimulated to publish and to distribute its work online (e.g.: in institutional repositories or its personal page) to any point before or during the publishing process, since this can generate productive alterations, as well as increasing the impact and the citation of the published work (See The Effect of Free Access).
d. They allow some kind of open dissemination. Authors can disseminate their articles in open access, but with specific conditions imposed by the editor that are related to:
Version of the article that can be deposited in the repository:
Pre-print: before being reviewed by pairs.
Post-print: once reviewed by pairs, which can be:
The version of the author that has been accepted for publication.
The editor's version, that is, the article published in the magazine.
At which point the article can be made accessible in an open manner: before it is published in the magazine, immediately afterwards or if a period of seizure is required, which can range from six months to several years.
Where to leave open: on the author's personal web page, only departmental websites, the repository of the institution, the file of the research funding agency, among others.
References
Abramov, А., Radygin, А., & Chernova, М. (2017). State-owned enterprises in the Russian market: Ownership structure and their role in the economy. Russian Journal of Economics, 3(1), 1-23.
Baliga В., & Santalainen, Т. (2006). Transformation of state-owned enterprises in Estonia and India: An examination of the relative influences of cultural variations. Journal of International Management, 12(2), 140-157.
Bureaucrats in Business (1995). The Economics and Politics of Government Ownership. The World Bank. New York: Oxford University Press.
Cheungac, Z., Aaltoc, E., & Nevalainen, P. (2020). Institutional Logics and the Internationalization of a State-Owned Enterprise: Evaluation of International Venture Opportunities by Telecom Finland 1987–1998. Journal of World Business, 55(6), 1-16.
Commercial Code Ukraine (2003). Vidomosti Verkhovnoi Rady Ukrainy. Kyiv: Parlam [in Ukrainian].
Derzhavni Pidpryiemstva. Lidery u formuvanni tsinnosti dlia derzhavy ta suspilstva. Retrieved from: pwc-state-owned-enterprise-ukr.pdf. [in Ukrainian].
Effective State-Owned Enterprises. Kyiv: Kabinet Ministriv Ukrajiny. Retrieved from: https://www.kmu.gov.ua/diyalnist/reformi/ekonomichne-zrostannya/efektyvni-derzhavni-pidpryemstva. Access: 02 November 2020. [in Ukrainian].
Fabulous, М. (2020). Are State-Owned Enterprises Emerging to Become Serious Competitors? News Blaze. Retrieved from http:// newsblaze.com/story/20120317060952mina.nb/topstory.html. Access: 03 November 2020.
Fukuyama, F. (2004). State-Building: Governance and World Order in the 21st Century. Cornell University Press.
Ghejecja, V.M. (1999). Transformation of the model of the economy of Ukraine (ideology, contradictions, prospects). Kyiv: Loghos [in Ukrainian].
Hofmann, S., Sæbø, Ø. Braccini, A.M., & Za, S. (2019). The public sector's roles in the sharing economy and the implications for public values. Government Information Quarterly, 36(4), 1-12.
Kindzersjkkyj, Ju.V. (2013). Imperatyv vykorystannja derzhavnogho sektoru v modernizaciji ekonomiky [Imperative use of the public sector in the modernization of the economy]. Ekonomika Ukrajiny, 12 (625), 40-52.
Klovienė, R., & Gimžauskienė, E. (2014). Performance Measurement Model Formation in State-owned Enterprises. Procedia - Social and Behavioral Sciences, 156, 594-598.
Lin, К., Lu, Х., & Zheng, Y. (2020). State-owned enterprises in China: A review of 40 years of research and practice. China Journal of Accounting Research, 13, 1, 31-55.
Ministry of Economic Development, Trade and Agriculture (2020). Retrieved from: https://www.me.gov.ua/Documents/List?lang=uk-UA&isSpecial=True&page Number=3&tag=UpravlinniaDerzhavnimSektoromEkonomikiIs. Access: 02 November 2020. [in Ukrainian].
Musacchio, А., & Lazzarini, S.G. (2012). Leviathan in Business Varieties of State Capitalism and their Implications for Economic Performance. Harvard Business School. Working Paper, 12-108.
Nguyen, Х. (2015). On the efficiency of private and state-owned enterprises in mixed markets. Economic Modelling, 50, 130-137.
Order Approval of National Standards of Ukraine, State Classifiers of Ukraine, National Changes to Interstate Standards, Changes to the Order of Derzhspozhyvstandart of Ukraine of March 31, 2004 № 59 and Abolition of Normative Documents. Classifier of organizational and legal forms of management DK 002: 2004 № 97 (March 1, 2017). Kyiv: Derzhavnyj komitet Ukrajiny z pytanj tekhnichnogho reghuljuvannja ta spozhyvchoji polityky [in Ukrainian].
Parasii-Verhunenko, I.M., Samborska-Muzychko, Yu.O., & Hnylytska, L.V. (2020) Ekonomichna sutnist derzhavnykh pidpryiemstv, yikh vydy ta klasyfikatsiia [Economic essence of state enterprises, their types and classification]. Finansy Ukrainy, 10, 95-111.
Petryshyna, N.V. (2014). Problemy transformatsii ekonomiky Ukrainy [Problems of transformational economy of Ukraine]. Ekonomika i pravo, 18(24), 31-38. Retrieved from: http://enpuir.npu.edu.ua/ bitstream /123456789 /7394/1/ Petryshyn% D0%B0.pdf.
Petryshyna, N.V. (2015). Derzhavni pidpryiemstva Ukrainy: problemy funktsionuvannia ta shliakhy yikh vyrishennia [State enterprises of Ukraine: problems of functioning and ways of their solution]. Ekonomika, 30, 73-79. Retrieved from: http://www.enpuir.npu.edu.ua/bitstream/123456789/18891/1/Petryshyn.pdf. [in Ukrainian].
Popov, V. Pryvatyzacyja v teoryy y na praktyke [Privatization in theory and in practice]. Novosti Ekspertnogo portala "Vidkrit ekonomika". Retrieved from: http://opec.ru/ 1345942. Html. Access: 30 October 2020.
Radchenko, O., Semenyshena, N., Sadovska, I., Nahirska, K., & Pokotylska, N. (2020). Foresight Development Strategy of the Financial Capacity: Comparative Study of the Ukrainian Agricultural Sector. Engineering Economics, 31(2), 178–187.
Reddy, K.S., Xie, E., & Huang, Y. (2016). Cross-border acquisitions by state-owned and private enterprises: A perspective from emerging economies. Journal of Policy Modeling, 38 (6), 1147-1170.
Rodrigues, P. C. C., & Semenyshena, N. (2019). Editorial Introduction. Independent Journal of Management & Production, 10(7), 911-914. DOI: http://dx.doi.org/10.14807/ijmp.v10i7.775.
Rodrigues, P. C. C., & Semenyshena, N. (2020). Special Edition (Integration System of Education, Science and Production) Introduction. Independent Journal of Management & Production, 11(8), 801-806. DOI: http://dx.doi.org/10.14807/ijmp.v10i7.775.
Semenyshena, N., Khorunzhak, N., & Zadorozhnyi, Z.-M. (2020). The Institutionalization of Accounting: the Impact of National Standards on the Development of Economies. Independent Journal of Management & Production, 11(8), 695-711. DOI: https://doi.org/10.14807/ijmp.v11i8.1228.
Stanjko, V. Ju., & Shavaljuk, O.I. (2014). Osoblyvosti socialjno-ekonomichnykh peredumov jak gholovnogho chynnyka efektyvnogho procesu transformaciji ekonomiky Ukrajiny [Features of socio-economic preconditions as the main factor of effective process of transformation of economy of Ukraine]. Aghrarna ekonomika, 7 (3-4), 42-46. (in Ukrainian).
Tajeddini K., & Trueman, M. (2016). Environment-Strategy and Alignment in a Restricted, Transitional Economy: Empirical Research on its Application to Iranian State-Owned Enterprises. Long Range Planning, 49(5), 570-583.
The Concept of the Transition of the Ukrainian SSR (1990). To A Market Economy And Land From 01.11.1990. Vidomosti Verkhovnoi Rady Ukrainy. Retrieved from: http://zakon1.rada.gov.ua/laws/show/n0001460-90 [in Ukrainian].
Tõnurist, P. (2015). Framework for analysing the role of state owned enterprises in innovation policy management: The case of energy technologies and Eesti Energia. Technovation, 38, 1-14.