Yurii Tadeiev

Unisectoral model of economic growth with intellectual capital included
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 373-380.

JEL: O41

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Abstract The paper proposed and investigated a new model of optimal growth, which takes into account investments in physical capital and human capital with its additive part, which is the intellectual capital. The  existence of the backbone path is proved, and transitional dynamics is studied.   Key words: Model of economic growth, investment in physical capital, investment in intellectual capital, backbone path, transitional dynamics.

Bohdan Litovchenko

Development of the theory and practice of management: metaphysics vs physics
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 381-402.

JEL: A10, M0

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Abstract The main provisions of the evolution of the management theory in the context of general scientific principles and lines of research are considered. On the basis of analysis of different approaches to the management in its historical retrospective, the possibilities of its development under the modern conditions from the point of view of overcoming of the outdated approaches and ineffectiveness in the national system of management are demonstrated.   Key words: History of management development, theory of management, principles of physics and metaphysics in management, modern approaches to the theory and practice of management.

Marcin Feltynowski

ICT clusters diagnosis in Poland
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 403-415.

JEL: F00, O31

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Abstract Innovations in the scope of information-communication technologies allow for a faster development of regional centres. One of the ways for supporting this kind of development are clusters. The significance of ICT technology is highlighted in strategic documents at the European Union level as well as at the national economic level. ICT technology development is considered to be a means for faster resolution of the economic crisis effects. The aim of this article is identification of ICT clusters in Poland, which are a form of cooperation in the scope of ICT technology development and which stimulate the regional economic growth in the scope of information society. The article will also allow for estimating the development of these clusters and presenting their structure. The gathered material will enable further research in the following years.   Key words: ICT clusters, innovation, e-commerce, information society.

Mykhaylo Ornat

Modern economic models of reforming the national economy of China
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 416-424.

JEL: E20, O1

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Abstract China has the world's fastest-growing major economy but it has been a rocky road from socialism to consumerism. China provides us with a unique opportunity to explore the causal relationships among economic, institutional, political, and social forces and the model of reforming in an important transforming economy. In China’s economic transition important structural changes are occurring at the state and firm levels, and these changes have radical implications for the structure of economic and social life in China. Gradualism and stability were the foundations of the Chinese economic reform and continue to be so for the present leadership of the country. For the Chinese leaders economic reform has priority over political reform. They acknowledge that it would be impossible to accomplish anything in an environment of political unrest. The premature introduction of markets where there was neither a culture nor the institutions for dealing with them can have catastrophic effects. And from the results obtained, we can consider the Chinese as one of the most outstanding social transformations in human history, all this within a long period of stable and peaceful social environment, except for the Tinanmen Square demonstrations in June, 1989.   Key words: Economic reforms, model, social transformation, market economy, foreign direct investments, transition to market economy.

Eleni F. Katsouli, Nikos Kapoulas

Convergence across the PIIGS member-states of the Euro-zone
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 425-436.

JEL: O40, O47

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Abstract This paper investigates unconditional and conditional convergence of GDP growth rate, labour productivity growth rate, unemployment rate, prices inflation rate, wages inflation rate, budget deficit, and government gross debt across the Euro-zone member-states of Portugal, Ireland, Italy, Greece, and Spain over the last thirty years. The findings showed that the speed of convergence varies depending on the period of reference (pre-Maastricht Treaty decade, after-Maastricht Treaty decade, and after the initiation of the Euro-zone decade). Budget deficit and general government gross debt showed some convergence in the pre-Maastricht Treaty decade only.   Key words: Convergence, Unconditional, Conditional, Euro-zone.

Anna Karmelyuk

The economical modelling of the retail goods turnover
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 437-455.

JEL:  E22, E24, C02

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Abstract Economic-mathematical models of the volume of the retail goods turnover’s dependence on various factors were constructed: investments into retail goods turnover, the monthly average nominal salary, monetary incomes of the population, industry and agriculture production, and also their contribution to retail goods turnover were calculated.   Key words: Retail goods turnover, investments into retail goods turnover, industrial output sold, agriculture production, the monthly average nominal salary, monetary incomes of the population, econometrical models, logs, Aitken’s model, method of tool variables.

Teodora Dimitrova

Shadow economy practices in Bulgaria — a challenge for the financial policy of the state
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 456-477.

JEL: H30

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Abstract The global financial and economic crisis in the beginning of this century resulted in certain cataclysms with destructive effects on the government’s financial policy. Increasing government budget deficits, strikingly inadequate social status and deterioration of the basic macroeconomic indicators measuring the «pulse» of the national and world economy once again brought forward the issue of the scale of the shadow economy. The presence of shadow economy is an indicator for the lack of trust in government’s financial policy and the inefficiency of the national economic policy. At the same time shadow economy practices affect negatively the economic growth, the efficiency of labour, the competitiveness and the economic and financial policy of the state. For various reasons, despite the importance and complexity of this problem, we still lack an adequate public strategy for successfully counteract it in the long run. In this context, the main goal of the study is to analyze the extent of the shadow economy and the issues related thereto as well as examine its actual manifestations in Bulgaria and propose measures to mitigate it.   Key words: Shadow economy practices, shadow economy, financial policy of the state, financial and economic crisis.

Lada Shirinyan

Competition at German insurance service market over period 1999-2010
Journal of European Economy, Volume 11, Issue 4, December 2012, pp. 478-498.

JEL:  F41, F42, G15, G18, G22, K21, E32, P51, R12

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Abstract The global financial and economic crisis in the beginning of this century resulted in certain cataclysms with destructive effects on the government’s financial policy. Increasing government budget deficits, strikingly inadequate social status and deterioration of the basic macroeconomic indicators measuring the «pulse» of the national and world economy once again brought forward the issue of the scale of the shadow economy. The presence of shadow economy is an indicator for the lack of trust in government’s financial policy and the inefficiency of the national economic policy. At the same time shadow economy practices affect negatively the economic growth, the efficiency of labour, the competitiveness and the economic and financial policy of the state. For various reasons, despite the importance and complexity of this problem, we still lack an adequate public strategy for successfully counteract it in the long run. In this context, the main goal of the study is to analyze the extent of the shadow economy and the issues related thereto as well as examine its actual manifestations in Bulgaria and propose measures to mitigate it.   Key words: Insurance market, competition, Herfindahl–Hirshman index, concentration, competitiveness, saturation degree, capitalization limits.

Valeriy Heyets

Modernization In The System «Society – State – Economy»
Journal of European Economy, Vol. 13, Number 3, September 2014, p 221-327

JEL:    F15, F13

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Abstract All common and contradictory in society, state and economy on the way to modernization transformation is analyzed; concerning all mentioned above, the role of personal-human factor in its transformation is defined. The influence of globalization on county development in cooperation with world and national is revealed. The role of state in unity of society and personality, its capacity to organize and implement the process of recourses usage and knowledge accumulation in combination of moral and mind, what can’t be avoid without effective state and public control over processes of modernization is grounded. The public mood towards some constituents of social system of Ukraine is analyzed.   Key words: Modernization transformation, national states, postmodern model, public conciseness, knowledge, mind, moral, human capital, social state, degree of state presence, state and public control.

Sviatoslav Zhukov

Empirical analysis of Eurointegration activity of enterprises in Zakarpattia region
Journal of European Economy, Volume 11, Issue 3, September 2012, pp. 267-285.

JEL:     F50

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Abstract Empirical research of Zakarpattia enterprises as the main entities of the economic component of integration processes in particular towards European Union is examined. The main factors of influence on the efforts of enterprises to enter EU and provide the further cooperation towards Eurointegration are considered. The scheme of regional approaches to Eurointegration of the entrepreneurial structures of Zakarpattia are formed.   Key words: European Union, Eurointegration, international entrepreneurship, internationalcooperation, advantages and risks of Eurointegration.

Svitlana Vovk

Trends in modern investing: TNCs

Journal of European Economy, Volume 11, Issue 3, September 2012, pp. 286-308.
 

JEL:     F21, F23	Full text (PDF)
Abstract The current trends in international flows of foreign direct investments and TNC participation in them are studied and singled out.   Key words: Foreign direct investments, multinational companies, global and international flows of FDI, globalization strategy.

Iryna Holiash

Gnoseological aspect of research of the processes of formation and development of audit as a science
Journal of European Economy, Volume 11, Issue 3, September 2012, pp. 309-315.

JEL:      M42

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Abstract The processes of development of audit as a science from the different viewpoints are considered. The attention to the key problems, which emerge while these processes of examination, is paid. Processes of development of audit are studied from the position of gnoseology.  The interpretation of sciences which are presented in the works of famous scholars is given, the philosophical views on the science are considered, the criteria of scientific character are defined. All these facts are adapted to audit which can be considered as a science.   Key words: udit, theory of audit, auditing science, auditing activity, criteria of scientific character, gnoseological aspect.

Iryna Liubezna, Nataliia Halushka

Audit evaluation of effectiveness of bill transactions implementation
Journal of European Economy, Volume 11, Issue 3, September 2012, pp. 316-326.

JEL:     M42

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Abstract The theoretical and practical aspects of the audit of bill transactions are considered. The method of analytical evaluation of bill transactions with the consideration of the dual nature of a bill as a complex financial instrument (financial assets designated and not designated for resale and financial liability designated not for resale).   Key words: Financial and economic activity, enterprise, bill, bill transactions, audit of bill transactions, evaluation of effectiveness of bill transactions.

Nadiia Stetsyuk

Strategic benchmarks of the state policy of Ukraine, aimed at improvement of social services quality
Journal of European Economy, Volume 11, Issue 3, September 2012, pp. 327-335.

JEL:     O12, O30

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Abstract This paper is focused on the peculiarities of the formulation of the concept of «new products». In particular, the author analyses scientific publications and legislation acts on the definition of the term. We present a sample of basic stages of product modernization, and the method of a comprehensive technical and economic study of the object. Also this given paper offers recommendations on the development of an integrated system of the indexes of production  renewment.   Key words: New products, modernization, technical and economic parameters, functional – cost analysis, obsolescence.

Mariia Koknaieva

Evaluation of financial and economic security of commercial enterprises
Journal of European Economy, Volume 11, Issue 3, September 2012, pp. 336-347.

JEL:     L81	Full text (PDF)
Abstract The paper reviews the basic methodological approaches to evaluating the financial and economic security of commercial enterprises and the expediency of their use in research.   Key words: Methodological approaches, financial and economic security, business processes.

Mykola Matviiv, Olha Lysiuk

Viral marketing at the international market of banking services
Journal of European Economy, Volume 11, Issue 3, September 2012, pp. 348-365.

JEL:    G21, M31

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Abstract The essence of viral marketing as an «effective mean of procucts’ merchandising at the market» is considered. Viral banking marketing is an activity which is based on the promotion of consumers to the effective transfer of marketing massage to other persons aimed at increase of identification of banking products at the market and carrying out truth information concerning the credit institution. The principles of viral marketing in the system of confidential information at the international market of banking services towards involvement of additional financial material and human resources for the work of credit institutions and realization of their projects are defined. The procedure of usage of deposit policy of foreign bank aimed at identification of banking institutions and banking products at the market is shown.   Key words: Viral marketing, banking service, trust as an element of social capital of banking institution, confidential provision, resources of credit institution, value ofthe product of credit institution.

Ivan Malyi, Oleksandr Tyshchenko

Evolution of national, regional and global features in management of economies
Journal of European Economy, Volume 11, Issue 2, June 2012, pp.139-154.

JEL:     A10

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Abstract This article studies the evolution of the dichotomy of the regionalization process of the economy, its original character derived from the national economy, and the separation of management functions at the regional, national and global levels. A new approach is offered to the institutional changes in the interaction between the regional, national and global features in the context of a new functional role in economic development.   Key words: Dichotomy, national economy, globalization, regionalization, and theory of regional development.