Month: June 2022

TOOLS OF FORMATION OF THE SYSTEM OF SOCIO-ECONOMIC SECURITY OF TERRITORIAL COMMUNITIES OF THE REGION

Veacheslav SHEBANIN

Rector of the Mykolayiv National Agrarian University, 54020, 9 Georgiy Gongadze Str., Mykolayiv, Ukraine

shebanin8921@tanu.pro

Iurii KORMYSHKIN

Professor at the Department of Public Administration and Administration and International Economy. Mykolayiv National Agrarian University, 54020, 9 Georgy Gongadze Str., Mykolayiv, Ukraine

prof.kormyshkin@tanu.pro

Alona KLIUCHNYK

Head of the Department of Public Administration and Administration and International Economy, Mykolayiv National Agrarian University, 54020, 9 Georgy Gongadze Str., Mykolayiv, Ukraine

a-kluch@nuos.pro

Iryna ALLAKHVERDIYEVA

Graduate Student at the Department of Public Administration and Administration and International Economy, Mykolayiv National Agrarian University, 54020, 9 Georgy Gongadze Str., Mykolayiv, Ukraine

allakhverdiyeva@nuos.pro

Valentyna UMANSKA

Doctoral Student at the Department of Public Administration and Administration and International Economy, Mykolayiv National Agrarian University, 54020, 9 Georgy Gongadze Str., Mykolayiv, Ukraine

vumanska@uohk.com.cn

Abstract

The urgency of the stated subject of this scientific research is conditioned by the need to develop and integrate effective tools for the formation of a system of socio-economic security of territorial communities in a given geographical region, which is essential for the quality of economic development of these regional communities in the short and long term. The purpose of this research work is to study the tools of formation of the system of social and economic security of territorial communities of the region in the current system of social and economic relations in a given geographical region, as well as assessing the effectiveness of the practical application of such instruments in the context of assessing the role and place of these regions in the economic system of the whole State. The basis of the methodological approach in this scientific study is a combination of methods of quantitative and qualitative analysis of the key principles of the system of socio-economic security of territorial communities of the region, as well as tools to ensure this process. In the course of carrying out this scientific study, results have been obtained indicating the need to ensure the socio-economic security of a given region, through the creation of effective tools for the formation of a system of this kind of security, taking into account the specific features of a given region and its role and place in the socio-economic system of the whole state. The results obtained in the course of this scientific research, as well as the conclusions derived therefrom, have significant practical significance for representatives of specific territorial regional communities, whose immediate interests include addressing the socio-economic security of the territorial communities of the region through the use of the necessary effective tools for this task.

Keywords: region, socio-economic security, territorial communities of the region, economic development, development trends of regions, local socio-economic development

JEL classification: R1, R38, R50

 pp. 127-136

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INCREASING FUNDING FOR THE REGIONAL INDUSTRY OF KOSOVO AND THE IMPACT ON ECONOMIC GROWTH

Filipos RUXHO

Prof. Ass. Dr., Vice President for Innovation and External Relations, Universum College, Kosovo

filip.ruxho@universum-ks.org

Christos Ap. LADIAS

Professor, Regional Science Inquiry  Journal, Hellenic Association of Regional Scientists

ladias@rsijournal.eu

Abstract

All research so far, related to financing the needs of SMEs in Kosovo, show that financing remains among the main problems for starting the growth and development of the country’s economy, especially for regional small and medium-sized manufacturing enterprises. This phenomenon has created negative consequences in the growth and development of businesses in general, as well as the growth of investment activities in particular. Despite the fact that SMEs affect the generation of new jobs, poverty reduction and economic growth, SMEs in Kosovo still face various and serious challenges in business development. Among other difficulties, there is access to finance, as well as the possibility of investing from external sources, as internal sources of funding are always insufficient. Due to the strategic importance of the manufacturing industry sector in the economy of a country and knowing that for each job contributes 2.3 new jobs in the total economy, we have selected this research which also corresponds to objective 9 of sustainable development and specifically target 9.3 that promotes increased access of small industrial enterprises and other enterprises, especially in developing countries, to financial services, including affordable loans, and their integration into value chains and markets. Referring to this importance, we conducted research in 103 Kosovo regional manufacturing companies in various sectors. The survey was structured with 16 questions which will be presented in detail in this research and which confirm that the increase of financing in the productive sector contributes to the sustainable economic development of Kosovo and to the reduction of unemployment.

Keywords: Financing, Sustainable Development, SMEs, Regional Industry, target

JEL classification: A10, E43, F65, F66, H60, L60, M10, R10

 pp. 117-126

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RELEVANCE OF TYPE OF INVESTMENT FOR GROWTH: EVIDENCE FROM EU-10 COUNTRIES

Vladimir ŠIMIĆ

Associate professor, University of Split, Faculty of Economics, Business and Tourism, Split, Croatia and CERGE-EI Teaching Fellow

vsimic@efst.hr

Lena MALEŠEVIĆ PEROVIĆ

Full professor, University of Split, Faculty of Economics, Business and Tourism, Split, Croatia and CERGE-EI Teaching Fellow

lena@efst.hr

Abstract

Whilst investment in both theoretical and empirical literature stands out as one of the most prominent determinants of growth, evidence on the importance of different types of investment for growth appears to be missing. This paper aims at filling this gap. The paper, thus, primarily contributes to the empirical literature by investigating the effects of different types of investment on growth in a group of EU-10 economies covering the period from 1995 to 2019. The panel data analysis provides some important and interesting findings. While overall investment is found to be strongly significant and positive, being in accordance with previous studies, the results provide new insights into the importance of different types of investment for growth. Not all types of investment affect growth (positively and significantly), thus sending also important message that it matters in which activities investment goes.

Keywords: Type of investment, Growth, EU-10 countries

JEL classification: E22, O4, O47

 pp. 105-115

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