Viktor Kozyuk

Post-crisis global monetary instability
Journal of European Economy, Volume 10, Issue 3, September 2011, pp.235-256

JEL:    G20

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Abstract Getting over the financial crisis could originate the intensification of global monetary instability. Unlike the previous cases of global monetary stresses the current period is described by crisis processes within the system of reserve assets and inflation effects of financial imbalances and global liquidity. Skewed recovery of asset markets in terms of countries increases fluctuations of capital flows and exchange rates, thus increasing demands for foreign exchange reserves and preserving pre-crisis monetary relations alongside with search for alternative denominations of foreign assets of the country. As far as the monetary assets do not grow into global demand which revives real issue, the global economy finds itself in a stagflation trap. The bail out should be facilitated with the increase of international coordination of monetary policy in order to intensify control over the behavior of global liquidity.   Key words: Global monetary instability, foreign exchange reserves, exchange rates, global liquidity, assets market, central banks.

Tetiana Melnyk

Import regulations under conditions of economic crisis
Journal of European Economy, Volume 10, Issue 3, September 2011, pp.267-272

JEL:    F10

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Abstract The analysis of imports volume and its commodity structure in the major industrial markets of Ukraine in comparison with domestic production revealed that the import supply is not the factor of the domestic producers decline. The recommendations for imports regulation strengthening and macroeconomic policy improvement are substantiated.   Key words: Import, import commodity structure, custom-rate policy.

Anatolii Vdovichen

Global Competitiveness indexes and development disproportion
Journal of European Economy, Volume 10, Issue 3, September 2011, pp.273-283

JEL:    F00

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Abstract The impact of the current global economic imbalances to the countries’ position in competitiveness ratings, primarily by changing the components assessment which are characterized by their functioning macroeconomics parameters and financial market state are under the consideration in their article.   Key words: Global economy, global economy disproportions, indicators of economic disproportions, indexes of competitiveness of national economies.

Maria Urbaniec

Environmentally-oriented cooperation as an instrument of sustainable development
Journal of European Economy, Volume 10, Issue 3, September 2011, pp.284-291

JEL:    Q57, Q55

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Abstract In order to enhance the process of innovation in environmental industries proposed to intensify cooperation on the environment, by promoting dialogue between different sectors. The impact of cooperation on innovation and the innovation potential of enterprises, and sustainable  development were proved.   Key words: Sectoral system of innovation, environmentally-oriented cooperation, innovation, innovation system, innovation climate, innovation potential, concept of sustainable development.

Sergii Pidgaiets

European experiences of implementation of public-private partnership schemes
Journal of European Economy, Volume 10, Issue 3, September 2011, pp.292-305

JEL:    H42, L32

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Abstract The progress in the market of public-private partnership in European countries was analyzed. The experiences of public-private partnership implementation in the leading countries of Europe are studied. It has been proven that in order to achieve socio-economic welfare of a country it is acceptable to apply the publicprivate partnership mechanism in the integration of interests of both public and private sectors of economy.   Key words: Public-private partnership (PPP), public sector of economy, private sector of economy, public-private partnership scheme, concession, leasing, rent.

George M.Korres, George Polychronopoulos

A new approach towards the measurement of innovation and technological activities
Journal of European Economy, Volume 10, Issue 3, September 2011, pp.306-338

JEL:    O32

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Abstract Innovation activities contribute essentially to competitiveness and growth. Technological infrastructure and innovation capabilities affect not only the regional growth, but also the whole periphery and economy, as well. This paper attempts to analyze the background of innovation statistics and in particular to examine the measurement and also the statistical estimation of innovation activities. The question addressed in this paper, is whether the recent slow-down in productivity can be explained by the slow-down of innovation activities. It attempts to model and measure technical change, in order to measure the corresponding effects of economic growth. Then, the characteristics of innovation process are broadly examined: nature, sources along with the main affecting factors. The paper concludes by summarizing the major findings of the discussion and pointing to some directions for future research. On this context, it also aims to emphasize and to review the appropriate techniques, the most common methods and the particular problems.   Key words: Statistical Measures, Innovation Activities, Techniques and Methods, Research and Development, Growth.

Iryna Holiash

Formation of audit development paradigms
Journal of European Economy, Volume 10, Issue 3, September 2011, pp.339-346

JEL:    M42

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Abstract The evolution of audit and its laws is studied. The paradigms are defined which reflect the process of formation and development of audit research. It is concluded that the system of theoretical knowledge is becoming more sophisticated and adequate to the needs of practice, so at present the process of evolutionary audit development can not be considered complete.   Key words: Audit, paradigm, theory of auditing, audit techniques, auditing science, auditing.