Запис Детальніше

Impact Of Fiscal Policy On Economic Development In Ukraine

eKMAIR

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Поле Співвідношення
 
Title Impact Of Fiscal Policy On Economic Development In Ukraine
 
Creator Lukyanenko, Iryna
Лук'яненко, Ірина
Sydorovych, Mariia
Сидорович, Марія
 
Subject fiscal policy
macroeconomic model of budgetary sector
simultaneous equation modelling
economic development
transition economies
Ukraine
фіскальна політика
економічний розвиток
 
Description The paper aims on assessing the impact and efficiency of fiscal policy instruments for gaining macroeconomic goals in transition economies. For this reason the macroeconomic model of the Ukrainian budgetary sector is developed. The model represents interrelations between the budgetary sector and real economy reflecting the way financial resources are redistributed through the budgetary system. The model serves as a basis for scenario analysis of different types of fiscal policy and their effect on economic indicators. It also allows for forecasting budgetary revenues in order to compose an efficient budget estimates. The results of the research prove that in transition economy such as Ukrainian the channel of tax rate on personal income tax is more efficient from fiscal point of view than the one on enterprise profit tax, while reallocation of resources between budgetary transfers to population and R&D is more efficient than increasing budget expenditures. Since increase in expenditures influences higher increase in GDP, the model proves Keynesian effects in the economy of Ukraine.
 
Date 2013-08-07T14:31:02Z
2013-08-07T14:31:02Z
2013
 
Type Article
 
Identifier Lukianenko I. Impact Of Fiscal Policy On Economic Development In Ukraine / Iryna Lukianenko, Mariia Sydorovych // Hyperion International Journal Of Econophysics & New Economy. - 2013. - Vol. 6, Issue 1. - P. 91-116
2069-3508
http://www.ekmair.ukma.edu.ua/handle/123456789/2494
 
Language en