TOOLS AND TESTING OF THE ASSESSMENT OF BUDGET CAPACITY OF THE MUNICIPAL LEVEL (CASE STUDY OF THE RUSSIAN FEDERATION)

Mariya PECHENSKAYA-POLISHCHUK

PhD in Economics, Head of the Laboratory for Public Finance Development Issues Research, Leading Researcher, Vologda Research Center of the Russian Academy of Sciences, 49, Gogolya Street, Vologda, 160014, Russia

marileen@bk.ru

Abstract

Purpose. To detail the system of indicators and, on their basis, develop an integral index for assessing municipalities’ budget capacity level, which makes it possible to substantiate the choice of a model of financial support for the functioning of local budgets.

Design , methodology , approach. The information base includes works of leading Russian and foreign scientists on the issues under study, reports issued by the Federal Treasury of Russia and the Federal Tax Service of Russia, statistical data from the Federal State Statistics Service and the International Monetary Fund. The research is of complex nature, as it involves a set of fundamental general scientific and special methods, in particular, dialectical and logical methods, horizontal and vertical analysis of financial ratios, statistical and cluster analysis, etc.

Findings. The article presents a system of groups, indicators and author’s method for a comprehensive multidimensional assessment of the municipalities’ budget capacity level. On its basis it is possible to choose an optimal financial support model to support local budget functioning, worked out for municipal districts. The results of integral assessment of the data on the Vologda Oblast taken as a model region, indicate that budget capacity of most municipalities in 2006-2018 was at the average and below average level. Thus, the region misses certain opportunities for development of its budget capacity. At the same time, the conducted calculations show the prevalence of the fourth-type model of financial support for the settlement network, i.e. a differentiated approach depending on the indicator of budgetary provision of settlements.

Research , practical implications. The results obtained contribute to the development of theoretical science and form the foundation for applied use by state authorities and local governments in the implementation of methodological approaches, assessment methods, methodological tools for substantiating budget policy decisions, and can also be used in the scientific activity and educational process.

Originality , value. The scientific value of the research lies in the development of methodological tools for assessing the level of municipalities’ budget capacity when determining the model for financing settlements.

Keywords: Russian Federation, region, budget capacity, municipalities, local government, local budget, assessment

JEL classification: H77, G18, H61

 pp. 43-52

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ECONOMIC SECURITY MANAGEMENT AT THE MESO-LEVEL: METHODOLOGICAL AND LEGAL APPROACH

Olga OVCHARENKO

PhD of Economics, Ukrainian State University of Chemical Technology, Ukraine

sunylight@i.ua

Viktoriia SMIESOVA

Doctor of Economics, Professor, Academician of the Academy of Economic Sciences of Ukraine, Ukrainian State University of Chemical Technology, Ukraine

smesova_vl@ukr.net

Maryna IVANOVA

Doctor of Economics, Professor, Academician of the Academy of Economic Sciences of Ukraine, Dnipro University of Technology, Ukraine

ma_riva@ukr.net

Nataliia KOVTUN

PhD of Economics, University of Customs and Financed Finance, Ukraine

nk.kovtun260780@gmail.com

Liliya ZOLOTUKHINA

Doctor of Law, Dnipropetrovsk State University of Internal Affairs, Ukraine

la.zolotukhina@gmail.com

Abstract

In current conditions, one of the main tasks of state and regional government bodies is to ensure economic security at the meso-level. The solution to this problem requires, on the one hand, the development of a methodological approach for the management bodies to conduct an express assessment of economic security in the region, and on the other hand, the development of directions for legal regulation of economic security at the regional level, with the aim of increasing the level of economic security of depressed regions. The purpose of the article is to substantiate a methodological approach for conducting an express assessment of the economic security of regions as a basis for making managerial decisions in this sphere, and to substantiate the directions of legal regulation of economic security at the meso-level. The paper proposes the key indicators for the express assessment of economic security at the regional level. The authors have analyzed methodological approaches, which are available in economic science and practice, to the analysis of the level of economic security of the country and regions. The expediency of using cluster analysis for express assessment of regional economic security has been substantiated. The effectiveness of this approach has been tested on the example of the regions in Ukraine. A cluster analysis was performed for each individual indicator of economic security, as well as for all the five indicators.  Leaders and outsiders in terms of economic security were identified. It has been proven that the economic security of the regions is determined by the results of their activities, the creation of the foundations by the governing bodies for the development of production and investment, employment and income of the population. The article has proposed directions of legal regulation of economic security in Ukraine, aimed at leveling threats to economic security and creating a favorable institutional and economic environment in the depressed regions of Ukraine.

Keywords: cluster, economic security, legal regulation, management, region

JEL classification: C1, K0, H70, R13, R50

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ESTIMATION OF REGION’S INTELLECTUAL CAPITAL BASED ON THE SYSTEM OF INDICATORS: CASE OF THE RUSSIAN FEDERATION

Anna MALTSEVA

Candidate of Economic Sciences, Director of Lurye Scientific and Methodological Center for Higher School Innovative Activity, Tver State University, Tver,

80179@list.ru

Igor VESELOV

Candidate of chemical sciences, Senior researcher in Lurye Scientific and Methodological Center for Higher School Innovative Activity, Tver State University, Tver

igor.veselov@mail.ru

Evgeny BUKHVALD

Doctor of Economic Sciences, professor, Institute of Economics of Russian Academy of Sciences, Moscow

buchvald@mail.ru

Abstract

The paper presents an analytical review of modern sources on the issues of determining, classifying and evaluating a region’s intellectual capital. The study identified the most common approaches to intellectual capital assessment, which need to be adjusted taking into account the specificity of the statistical reporting of the Russian Federation, and also because of the need for detailing certain types of intellectual capital. The authors proposed their own approach to assessing a region’s intellectual capital using a system of indicators based on the calculation of the integral indicator tested on the example of the Russian Federation’s regions. The authors have compiled a map of the intensity of the intellectual capital of the Russian Federation’s regions, which is the basis for their comparison by the magnitude of the studied indicator, as well as benchmarking of the key areas of its development for outsider regions.

Keywords: intellectual capital, region, development, competitiveness, knowledge, knowledge economy

JEL classification: R19
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