HOME PAGE | |
№ 3/2012
1Institute for Economics and Forecasting, NAS of Ukraine
Instruments and mechanisms for the modernization of the transport infrastructure: foreign experience and Ukrainian realities
Ekon. prognozuvannâ 2012; 3:64-78 |
ABSTRACT ▼
Based on the foreign experience of the modernization of the transport infrastructure, the author justifies the need of state support in the sphere of modernization of the transport infrastructure in Ukraine. The article proves the statement that the beginning of XI century may be considered as a period of great infrastructure modernization both in the developed and in the developing countries. The author analyses the dynamics of investments in fixed capital of the transport sector in the EU Member States, in Russia and in Ukraine in 2005–2011. Using the corresponding foreign experience, projects and introductions of transport strategies, the author systematizes the methods of modernization and management of transport infrastructure. The arti-cle investigates the modern financial mechanisms and those uses for the modernization and development of transport infrastructure in the world. The author defines various priority guidelines for prospective financing of Ukraine’s transport infrastructure
Keywords:transport infrastructure, transport strategy, instruments and mechanisms of modernization
Article in Ukrainian | Download | Downloads :549 |
REFERENCES ▼
№ 4/2013
1Institute for Economics and Forecasting, NAS of Ukraine
Urgent problems in the policy of modernization of the transport infrastructure in Ukraine
Ekon. prognozuvannâ 2013; 4:62-78 |
ABSTRACT ▼
Policy of modernization is conducted based on high level documents (state strategic programs, plans and public messages). And, in the course of transport modernization, preference is given to the development of comprehensive long term transport strategies. The experience of foreign countries shows that such documents have a strict hierarchy of objectives, priorities, tasks, indicators and measures with a clear system for monitoring and corresponding institutions responsible for their fulfilment. The article provides an analysis of Ukraine’s Transport Strategy and various medium-term documents on whose basis the modernization of transport in Ukraine is taking place, as well as a monitoring of the completion of the main medium-term tasks as to the transport modernization for 2010–2014, among which are: approval of the infrastructural projects of national scale, ensuring their funding from the government, as well as the World Bank, EBRD, and other donors and private investors; raising the budget funding for modernization programs and the development of the facilities of the transport infrastructure by 10% annually; and expanding the funding sources of the Road Fund. The result is the author’s proposals concerning the revision of Ukraine’s Transport Strategy until 2020 with its prolongation until 2030 (as regards the formulation of the transport’s missions, long- and medium-term objectives, priorities, tasks, indicators and measures of national transport policy, its adjustment and reconciliation with other sectoral strategies and documents of national level. Also necessary is the transition from the financing model with prevailing foreign crediting to one with mixed crediting of the transport and its infrastructure (relying on domestic crediting), for which purpose it is necessary to diversify the sources of investment resources. It is necessary to carry out the declared policy of import substitution in order to change the rolling stock of foreign make for domestically produced items meeting the international technological and economic requirements. Due to the restricted funding of the national road facilities, it is necessary to revive the activities of the state-owned Road Fund with a clear definition of its sources and optimized expenditures.
Keywords:modernization, transportation, infrastructure, public policy, urgent problems
JEL: -
Article in Ukrainian (pp. 62 - 78) | Download | Downloads :656 |
REFERENCES ▼
2. Tendentsii rozvytku transportno-dorozhnogo kompleksu Ukrainy Sotsialno-ekonomichnyy stan Ukrainy: naslidky dlia narodu ta derzhavy : natsionalna dopovid (2009). Za red. V.M.Geytsia ta in. K. : NVTs NBUV, 81–93.
3. Libanova, E.M. (2012). Sotsialni problemy modernizatsii ukrainskoi ekonomiky. Demografiia ta sotsialna ekonomika, № 1, 5–22.
4. Zhalilo Ya.A. Perspektyvy innovatsiynogo rozvytku Ukrainy (analitychna dopovid). Perspektyvy rozvytku innovatsiynogo rozvytku Ukrainy : zb. nauk. prats, red. Ya.A.Zhalilo, www.niss.gov.ua
5. Kuznecova, A.I. (2006). Infrastruktura. Voprosy teorii, metodologii i prikladnye aspekty infrastrukturnogo obustrojstva. Geoekonomicheskij pokhod A. I. Kuzneco-va. M. : Komknyga.
6. Transportna strategiia Ukrainy na period do 2020 roku, ukhvalena Rozporia-dzhenniam Kabinetu Ministriv Ukrainy vid 20 zhovtnia 2010 r. N 2174-r.(2010). Ofitsiynyy visnyk Ukrainy, № 92, http:// ovu.com.ua/articles/8664-pro-shvalennya-transportnoyi-strategiyi-ukrayini-n
7. Federal Transport Infrastructure Plan 2003, www.bmvbs.de/SharedDocs/EN/Artikel/UI/federal-transport-infrastructure-plan-2003.html
8. Transportnaia strategyia Rossyyskoy Federatsyy na peryod do 2030 goda, utverzhdena rasporiazhenyem Pravytelstva Rossyyskoy Federatsyy ot 22 noiabria 2008 g. № 1734-r, www.mintrans.ru:8080/pressa/ TS_Proekt_16102008.pdf
9. White Paper. Roadmap to a Single European Transport Area – Towards a competi-tive and resource efficient transport system, http:// issuu.com/monicafanlo2/docs/roadmap_transport_area
10. Transportation Vision for 2030. Ensuring personal freedom and economic vitality for a Nation on the move. U.S. Department of Transportation Research and Innovative Technology Administration, www.rita.dot. gov/publications/transportation_vision_2030/pdf/entire.pdf
11. Strategiya razvitiya morskoj portovoj infrastruktury Rossii do 2030 goda, www.rosmorport.ru/media/File/State-Private_Partnership/strategy_2030.pdf
12. Nykyforuk, O.I. (2012). Derzhavna strategiia modernizatsii ta rozvytku transportnoi infrastruktury: pryntsypy rozrobky i realizatsii. Formuvannia rynkovykh vidnosyn v Ukraini, № 3, 83–91.
13. Zamozhne suspilstvo, konkurentospromozhna ekonomika, efektyvna derzhava. Programa ekonomichnykh i sotsialnykh reform na 2010–2014 roky, www.president.gov.ua/docs/Programa_reform_FINAL_ 1.pdf
14. Derzhavne agentstvo z investytsiy ta upravlinnia natsionalnymy proektamy Ukrainy. Natsionalni proekty. Nova infrastruktura, www.ukrproject.gov.ua/projects/45
15. Natsionalni proekty v strategii ekonomichnoi modernizatsii Ukrainy (2013). K. : NISD.
16. Nykyforuk, O.I. (2012). Instrumenty ta mekhanizmy modernizatsii transportnoi infra-struktury: zarubizhnyy dosvid i ukrainski realii. Ekonomika i prognozuvannia, № 3, 64–78.
17. Zakon Ukrainy "Pro dzherela finansuvannia dorozhnogo gospodarstva Ukrai-ny" № 1562-XII vid 18 veresnia 1991 roku, zakon4.rada.gov.ua/laws/show/1562-12
18. Mel`nikova, E.P., Skrypnik ,T.V. Perspektivy finansirovaniya dorozhnogo stroitel`stva v Ukraine, ea.donntu.edu.ua:8080/jspui/bitstream/123456789/11850/1/статья%205.pdf
19. Stalingrad 2013-go. Ukrainskie dorogi ne vyderzhali bezdenezh`ya, vorovstva i razgil`dyajstva. Korespondent, http:// korrespondent.net/business/auto/1512994-korrespondent-stalingrad-2013-go-ukrainskie-dorogi-ne-vyderzhali-bezdenezhya-vorovstva-i-razgildyaj
20. Gacenko A. (2013). Kuda ukhodyat sobrannye s voditelej "dorozhnye" den`gi? Komsomol`skaya pravda. Ukraina, 25 fevralia, 8.
№ 4/2014
NYKYFORUK Olena Ihorivna1, CHMYROVA Larysa 2
1Institute for Economics and Forecasting, NAS of Ukraine
2Institute for Economics and Forecasting, NAS of Ukraine
Changing pattern of financing road infrastructure in Ukraine
Ekon. prognozuvannâ 2014; 4:38-56 |
ABSTRACT ▼
Decentralization processes taking place in Ukraine could not pass by such an important sector as transport, especially the road transport sub-sector. Currently reconsideration is needed both in the system of roads and in the system of their financing, so the present arti-cle gives a detailed insight of Ukrainian legal framework concerning those issues. Thus, funding and administration of the public roadways is performed by Ukravtodor and is ex-cessively centralized, so there is a need for reform by passing local roads to regional level (under the present system - to the regional state administrations, and with possible amend-ments to the Constitution of Ukraine - to local governments).
The article considers the system of road funding, which is currently effected from the budget (state and local) and from borrowed resources. The authors determine two stages of reforming the model of budget financing of transport and road infrastructure (the first stage (2008-2013), which began with the adoption of the "Concept of Reforming the System of Administration of the Public Roadways" and the second stage (2013-2018), which began with the adoption of Focus Program of public roads in 2013-2018), in which, the new scheme of road funding, except the budget and borrowed funds, will include a real application of the mechanisms of public-private partnerships, including concessions.
The authors propose various improvements in the model of budget funding, which in-volve the creation of an effective State Road Fund, whose existence will be fixed in the Budget Code of Ukraine, with clearly defined and fixed sources of formation and direction of channeling funds. The article provides recommendations for improving the regulatory framework for the reform of the road sector.
Keywords: transport infrastructure, roads, reform, governance, funding model
JEL: H54, Н7, R4
Article in Ukrainian (pp. 38 - 56) | Download | Downloads :623 |
REFERENCES ▼
№ 4/2016
1Institute for Economics and Forecasting, NAS of Ukraine
Reconstructive development of Ukraine's transport at the present stage
Ekon. prognozuvannâ 2016; 4:81-90 | https://doi.org/10.15407/eip2016.04.081 |
ABSTRACT ▼
The article shows that reconstructive development of Ukrainian transport at the present stage requires defining the global trends in the development of transport systems, with a focus on identifying both techno-technological and institutional changes and new approaches to transport policy in Ukraine.
The author highlights the trends in the formation of modern integrated global transport system. Іn particular, that, while, in the first four techno-economic paradigms, certain types of transport dominate, in the fifth and sixth paradigms, on the forefront are the multimodal transports integrating individual modes of transport in a single transport-technological system with the use of logistics, intellectualization, high-speed technology, and new types of rolling stock, which is especially clearly and convincingly observed in developed Western countries. The article summarizes main aspects in the formation of the transport infrastructure of the new techno-economic paradigm.
Further research on the subject requires development and implementation of the concept of technological transformation in Ukraine, which will affect the upgrade of transport policy in Ukraine and integration of transport and industrial policies.
Keywords: transport infrastructure, reconstruction of economy, techno-economic paradigm
JEL: R400
Article in Ukrainian (pp. 81 - 90) | Download | Downloads :853 |
REFERENCES ▼
2. Perez, C. (2010). Technological Revolutions and Techno-economic paradigms. Cambridge Journal of Economics, 34:1, 185-202. doi: doi.org/10.1093/cje/bep051
3. Dosi, G. (1982). Technological paradigms and technological trajectories. Research policy, 11, 147-162. doi: doi.org/10.1016/0048-7333(82)90016-6
4. Malineckij, G.G. (2010). The design of the future and modernization of Russia. Preprinty IPM im. M.V.Keldysha – M.V. Keldysh IPM Preprints, 41. Retrieved from library.keldysh.ru/preprint.asp?id=2010-41 [in Russian].
5. Four supertechnology. Retrieved from www.popmech.ru/techno-evolution/17189-4-super-tekhnologii-kotorye-mogut-priyti-v-samolety/ [in Russian].
6. Nykyforuk, O.I. (2014). Modernization of the land transport system of Ukraine. National Academy of Sciences of Ukraine, Institute for economics and forecasting. Kyiv [in Ukrainian].
7. Kabashkin, I.V. (2010). Intelligent transport systems: integration of future global technologies. Transport Rossijskoj Federacii – The Transport of The Russian Federation, 2, 34–38 [in Russian].
8. Reggiani, A., Cattaneo, S., Janic, M., Nijkamp, P. (2000). Freight transport in Europe: Policy Issues and Future Scenarios on Trans-Border Alpine Connections. IATSS Research, 1:24, 48-59. doi: doi.org/10.1016/S0386-1112(14)60017-0
9. Harlamova, Ju.A. (2011). High-speed rail transportation – a new innovative opportunity for modern Russia. Problemnyj analiz i gosudarstvenno-upravlencheskoe proektirovanie – Problem analysis and state government planning, 3, 39-44 [in Russian].
10. Paschenko, Yu.Ye., Honcharov, M.Yu., Krants, J.M. et all. (2005). The integrated efficiency high-speed rail lines. Kyiv: Council for study of productive forces of Ukraine, National Academy of Sciences of Ukraine [in Ukrainian].
11. Sotnikov, E.A. (1993). World Railways of the nineteenth century and in XXI century. Moscow: Transport [in Russian].
12. Strategic Transport Infrastructure needs to 2030. Retrieved from www.keepeek.com/Digital-Asset-Management/oecd/economics/strategic-transport-infrastructure-needs-to-2030_9789264114425-en
№ 3/2018
NYKYFORUK Olena Ihorivna1, GUSEV Yu. 2, CHMYROVA Larysa 3
1Institute for Economics and Forecasting, NAS of Ukraine
2Ministry of Infrastructure of Ukraine
3Institute for Economics and Forecasting, NAS of Ukraine
Public-private partnership: institutional environment for the development and modernization of Ukraine's infrastructure
Ekon. prognozuvannâ 2018; 3:79-101 | https://doi.org/10.15407/eip2018.03.079 |
ABSTRACT ▼
The article systematizes the hierarchical levels of the institutional environment for the introduction of PPPs in Ukraine in terms of megaeconomics, macroeconomics, mesoeconomics and microeconomics. The authors reveal the participants of the institutional environment, which are represented by the regulatory institutions determining the standards of relations, rights and obligations of the participants, and the constructive and investment institutions. At the level of megaeconomy, regulatory institutes are represented by: principles and standards of international law in relation to PPPs, international agreements, the market of international PPP projects; and the Sustainable Development Strategy 2030. The constructive institutions of that level include the integration of national infrastructure networks, and institutions of international infrastructure projects (for example, the Great Silk Road). The investment institutes include international financial institutions, international investment banks, the global stock market, infrastructure banks, etc.
Regulatory institutions of the macroeconomic level are the Constitution of Ukraine, government programs, laws, and regulations on the PPPs and concessions, the Strategy of Sustainable Development of Ukraine 2030, the market of domestic infrastructural projects, the institution of public procurement. The constructive institutions include Ministry of Economic Development and Trade, Ministry of Infrastructure, Ministry of Regional Development and Construction, project offices, the institution of public program-target planning, the institution of interaction between public authorities. The investment institutes include budget funds, targeted financing, subsidies, private investments, and project funding.
The authors analyze data on the number and quality of PPP projects in Ukraine and abroad. A comparison between the data on the implementation of PPP projects in Ukraine according to the World Bank and domestic sources has been performed, and the fragmentation of data accounting for PPP contracts and concession agreements has been identified. The conclusion is made about the necessity of systematization and unification of relevant data at different levels of the hierarchical structure of the institutional environment for the implementation of PPPs in Ukraine, that is, on the levels of megaeconomy and macroeconomy, and macroeconomy and mesoeconomy.
It is noted that the presence of institutional traps causes intensification of further scientific research and development of recommendations in the field of introduction and development of PPP mechanisms for financing the development and modernization of infrastructure within various guidelines. Such guidelines include the regulatory and legal framework for the development of PPPs in Ukraine via further specification of the provisions of the Law of Ukraine "On Public-Private Partnership"; studying the feasibility and effectiveness of various forms of PPP implementation (concessions, renting, leasing, etc.) in financing large national projects, including projects on the development of Ukraine's economic infrastructure, as well as scientific substantiation of their use; studying the regional peculiarities of the use of PPP mechanisms in this country for financing strategic investment projects, in particular large infrastructural projects, and social and humanitarian projects in the framework of the implementation of the new regional policy; and additional studies of advanced international experience in the implementation and development of PPP mechanisms for financing national projects, in particular, for involving the IFIs and other non-governmental organizations.
Keywords: public-private partnership, institutional environment, infrastructure, transport, projects, investments
JEL: R 42
Article in Ukrainian (pp. 79 - 101) | Download | Downloads :1088 |
REFERENCES ▼
2. Eggers, W., Startup, T. (2006). Closing the Infrastructure Gap: The Role of Public-Private Partnerships. A Deloitte Research Study. The global report.
3. Public-private partnership in the system of regulation of the economy (2012). NAS of Ukraine, Institute for Economics and Forecasting. Kyiv [in Ukrainian].
4. Public-private partnership in the state's relations with international organizations and multinational companies (2015). NAS of Ukraine, Institute for Economics and Forecasting. Kyiv [in Ukrainian].
5. Gerrard, M.B., Michael, B. (2001). What are public-private partnerships, and how do they differ from privatizations? Finance & Development, 38: 3. Retrieved from www.imf.org/external/pubind.htm
6. Vinnyts'kyj, B., Lend'el, M., Onyschuk, B., Sehvari, P. (2008). Experience and prospects of the implementation of public-private partnerships in Ukraine and abroad. Kyiv: K.I.S. [in Ukrainian].
7. Uajt, E., Dezilets', B., Masliukivs'ka, O., Shevchuk, Yu. (2009). Public-private partnership handbook. Kyiv: USAID [in Ukrainian].
8. Zapatrina, I.V. (2013). Public private partnership: a potential for developing economies. Lambert Academic Publishing – Saarbrucken [in Ukrainian].
9. Simson, O.E. (2015). The legal model of public-private partnership as an instrument of the harmonization of public and private interests in Ukraine's innovation strategy. The dissertation author's abstract on obtaining a degree of doctor of jurisprudence in specialties 12.00.04, 12.00.03. National Law University named after Yaroslav Mudriy. Kharkiv [in Ukrainian].
10. Pyl'tiaj, O.V. (2011).Contemporary concepts and approaches to the definition of public-private partnership. Ekonomika. Upravlinnia. Innovatsii – Economy. Managenet. Innovations, 2. Retrieved from nbuv.gov.ua/j-pdf/eui_2011_2_40.pdf [in Ukrainian].
11. Bondar, N.M. (2010). Public-private partnership: essence and principles. Visnyk Natsional'noho transportnoho universytetu – Bulletin of the national transport university, 21 (1), 232-237 [in Ukrainian].
12. Kvitka, S.A. (2015). Public-private partnership as an effective mechanism for the interaction between government and business. Aspekty publichnoho upravlinnia – Aspects of public administration, 7-8 (21-22), 47-56 [in Ukrainian].
13. Hryschenko, S. (2011). Preparation and implementation of public-private partnership projects. A practical guide for local authorities and businesses. Kyiv: FOP Moskalenko O.M. [in Ukrainian].
14. Risks and prospects of Ukraine's development during the period of post-crisis recovery (2012). NAS of Ukraine, Institute for Economics and Forecasting. Kyiv [in Ukrainian].
15. Cherevykov, Ye.L., Bohdan, I.V., Iholkin, I.V. (2011). Financial support of strategic infrastructure projects on the basis of public-private partnership. State budget and budget strategy: From stabilization to sustainable development in conditions of economic reforms: in 4 vol. Vol. 1: Stabilization of public finances in the context of the reform strategy. State Educational and Scientific Institution Academy of Financial Management. Kyiv [in Ukrainian].
16. Zapatrina, I.V. (2010). Public-private partnership in Ukraine: Prospects for the implementation of infrastructure projects and public services. Ekon. prognozuvannâ – Economy and forecasting, 4, 62-90 [in Ukrainian].
17. Realization of public-private partnership projects in Ukraine. PPP as a mechanism for effective cooperation between the state and private partners in the field of infrastructure (2017). Retrieved from mtu.gov.ua/files.pdf [in Ukrainian].
18. The European PPP Report 2009 (2010). EPEC, DLA Piper. Retrieved from www.eib.org/epec/infocentre/documents/FINAL%20FINAL%20EUROPEAN%20PPP%20REPORT%202009.pdf
19. Pavel, G. State-private partnership as a tool for the realization of large-scale projects. Analytical study (2013). Retrieved from www.webcitation.org/6FclsScjo?url=http://www.gradient-alpha.ru/assets/docs/PPP-Research-14.03.2014.pdf
20. Nykyforuk, O.I., Chukaieva, I.K. (2014). Infrastructure bonds as a tool for attracting investments for modernization in the practice of foreign countries. Efektyvna ekonomika – Effective economy, 4 [in Ukrainian].
21. Mel'nyk, A.F. (2017).Public-private partnership in the system of institutions of the national economy: mechanisms of development. Ternopil: Ekonomichna dumka TNEU [in Ukrainian].
22. Stepanova, O.V. (2012). Institutional mechanisms for the development of public-private partnership in Ukraine. Efektyvna ekonomika – Effective economy, 6. Retrieved from www.economy.nayka.com.ua/?op=1&z=1227 [in Ukrainian].
23. Alsuf'ieva, O.O. (2015). The mechanism for coordination of economic interests of the subjects of national economy: levels and means of coordination. Ekonomichnyj visnyk NHU – Economic Bulletin of the NMU, 1 (49), 34-43 [in Ukrainian].
24. Posner, A., Shin, B., Tkachenko, N. (2008). Public-Private Partnerships: The Relevance of Budgeting. OECD Journal on Budgeting, 9, 1. doi: doi.org/10.1787/budget-v9-art3-en
25. On the development of public-private partnership as a mechanism for reviving investment activities in Ukraine. Analytical note. National Institute for Strategic Studies. Retrieved from www.niss.gov.ua/articles/816 [in Ukrainian].
26. Nykyforuk, O.I. (2012). Tools and mechanisms for the modernization of transport infrastructure: foreign experience and Ukrainian realities. Ekon. prognozuvannâ – Economy and forecasting, 3, 64-78 [in Ukrainian].
27. Taylor, R.J. (2003). Contracting for Health Services. In A. Harding and A. Preker (Eds.). Private participation in health services handbook (pp. 195-204). Washington, DC: World Bank.
28. Osborne, S.P. (2000). Managing Public-Private Partnerships for Public Services: An International Perspective. London: Routledge.
29. Yehorova, O. (2008). Public-private partnership in the port segment of the Ukrainian economy. A radical step or necessity. Yurbiznes – Jurbiznes, 20(155). Retrieved from yur-gazeta.com/article/1570 [in Ukrainian].
30. Public-private partnership as an alternative to privatization on the example of OJSC Ukrtelecom. Retrieved from ierpc.org/ierpc/papers/ [in Ukrainian].
31. Vdovenko, Yu.S. (2009). Private-government partnership in the road sector. Chernihiv: Vyd-vo ChDT [in Ukrainian].
32. Bezbak, N.V., Brahins'kyj, V.V. (2011). Public-private partnership in the realization of transport infrastructure projects. Ekonomika ta derzhava – Economy and state, 8, 115-118 [in Ukrainian].
33. Business risks in the public-private partnership. A national report. Retrieved from www.google.com.ua/url?sa [in Russian].
34. Andres, N., Foste, J., Guasch, S., Have, J. (2009). The Impact of Private Sector Participation in Infrastructure: Lights, Shadows, and the Road Ahead. Washington DC: World Bank.
35. Mandri-Perrott, C. (Ed.) (2009). A Practical Guide to Private Participation in Infrastructure: Using Government Resources as Effective PPP Stimulus. World Bank.
36. Delmon, J. (Ed.). (2009). Private Sector Investment in Infrastructure. Project Finance, PPP Projects and Risk. 668 p.
37. Dotsenko-Bilous, N. (2011). Does the state need a partner? Ekonomichna pravda – Economichna pravda. Retrieved from www.epravda.com.ua/columns/2011/10/6/300711/ [in Ukrainian].
38. Krylova, N.V. International strategies for the development of public-private partnership in the transport sector. Retrieved from www.sworld.com.ua/index.php/ru/conference/the-content-of-conferences/archives-of-individual-conferences/march-2013 [in Ukrainian].
39. Resolution of the Cabinet of Ministers of Ukraine of March 4, 2015, No. 213-p. "On the approval of the Action Plan for implementation of the Program of action of the Cabinet of Ministers of Ukraine and the Strategy for Sustainable Development Ukraine-2020 in 2015". Retrieved from zakon4.rada.gov.ua/laws/show/213-2015-%D1%80 [in Ukrainian].
40. Resolution of the Verkhovna Rada of Ukraine of 14.04.2016 No. 1099-VIII "On the Program of activities of the Cabinet of Ministers of Ukraine". Retrieved from zakon.rada.gov.ua/laws/show/1099-19 [in Ukrainian].
41. The Analytical report to the annual Message of the President of Ukraine to the Verkhovna Rada of Ukraine "On the Internal and External Situation of Ukraine in 2017". (2017). Kyiv: National Institute for Strategic Studies. Retrieved from www.niss.gov.ua/articles/2684/ [in Ukrainian].
42. Resolution of the Cabinet of Ministers of Ukraine of May 30, 2018 No. 430-p "On the Approval of the National Transport Strategy for the Period until 2030". Retrieved from www.kmu.gov.ua/ua/npas/pro-shvalennya-nacionalnoyi-transportnoyi-strategiyi-ukrayini-na-period-do-2030-roku [in Ukrainian].
43. National report "Sustainable development goals: Ukraine" (2017). Retrieved from un.org.ua/images/SDGs_NationalReportUA_Web_1.pdf [in Ukrainian].
44. Krylova, N.V. International strategies for the development of public-private partnership in the transport sector. Retrieved from www.sworld.com.ua/index.php/ru/conference/the-content-of-conferences/archives-of-individual-conferences/march-2013 [in Ukrainian].
45. Ukraine – Private Infrastructure Projects. The World Bank & PPIAF. Retrieved from ppi.worldbank.org/snapshots/country/ukraine
46. The official website of the Ministry of Economic Development and Trade of Ukraine. Retrieved from www.me.gov.ua/Documents/Detail?lang=uk-UA&id=ed00a2ba-480a-4979-84eb-d610a0827a8c&title=ZagalniiOglia [in Ukrainian].
47. Register of concession projects. Website of the State Property Fund of Ukraine. Retrieved from www.spfu.gov.ua/ru/content/spf-rent-consessions.html [in Ukrainian].
48. Public-private partnership in the context of public investment management in Ukraine. Assessment 2015. (2016). International Bank for Reconstruction and Development, World Bank. Retrieved from documents.worldbank.org/curated/en/495131467995051959/pdf/106249-UKRANIAN-WP-P153935-PUBLIC-Public-Investment-UKR-Web-cover.pdf [in Ukrainian].
49. Chukaieva, I.K., Bhan, L.H. (2012). Public-private partnership in the implementation of energy infrastructure projects. Ekon. prognozuvannâ – Economy and forecasting, 4. Retrieved from eip.org.ua/docs/EP_12_4_46_uk.pdf [in Ukrainian].
№ 1/2021
NYKYFORUK Olena Ihorivna1, LYASHENKO Ol'ha Fedorivna 2
1Institute for Economics and Forecasting, NAS of Ukraine
2State Institution "Institute for Economics and Forecasting, NAS of Ukraine"
APPROACHES TO OPTIMIZING THE PROCEDURES OF REGULATORY IMPACT ANALYSIS: GLOBAL EXPERIENCE AND UKRAINIAN REALITIES
Ekon. prognozuvannâ 2021; 1:71-87 | https://doi.org/10.15407/eip2021.01.071 |
ABSTRACT ▼
The article investigates the experience of optimizing the institution of RIA in developed OECD countries and the European Commission, which allows to distinguish two main approaches to regulatory impact assessment, namely, using the full (classical) or simplified RIA models. The authors give particular attention to the principle of proportionality introduced in developed countries, whose essence is that the depth of analysis and evaluations should be proportional to the degree of the regulatory act’s impact on economy, on individual stakeholders, and on public interests. Considered the importance of selecting "economically significant" regulatory acts.
The authors carry out an analysis of the introduction of specific filters for the selection of regulatory acts for RIA in developed countries, namely: 1) definition of types of regulatory acts or spheres of regulation, which are subject to RIA; 2) classification and selection of acts according to the degree of significance; 3) and the existence of exceptions in the field of RIA in accordance with current legislation.
To establish the second filter, namely to select regulatory acts based on their importance, the authors propose to use, in Ukraine, first, the introduction of the principle of proportionality, which will introduce into the practice of the assessment of regulatory acts the simplified and complete RIA models; secondly, to introduce combined (quantitative and qualitative) criteria for assessing the significance of draft regulatory acts with determining possible economic consequences of their adoption and in compliance with the criteria of priority of public interests (support for economic growth by optimizing costs and corresponding increase in value added, in the state and local budgets and others); and third, a step-by-step algorithm for implementing the world's best RIA practices into the practice of state regulation in Ukraine.
Keywords:regulatory impact analysis (RIA), principle of proportionality, degree of regulatory impact, simplified RIA model
JEL: L 51
Article in Ukrainian (pp. 71 - 87) | Download | Downloads :445 |
REFERENCES ▼
2. Jacobs, S. (2006, May 30). Current Trends in Regulatory Impact Analysis: The Challenges of Mainstreaming RIA into Policy-making. Washington, DC: Jacobs and Associates; The International Trade Center. Retrieved from www.wbginvestmentcli-mate.org/uploads/6.CurrentTrends.pdf
3. Renda, A. (2011) .Law and Economics in the RIA World: Improving the Use of Economic Analysis in Public Policy and Legislation. Utrecht: Science Shop of Law, Eco-nomics and Governance, Utrecht University.
4. Glushko, A. Evaluation of the effectiveness of state regulatory policy in Ukraine’s domestic trade. Retrieved from irbis-nbuv.gov.ua/cgi-bin/irbis_nbuv/ cgiirbis_64.exe%3_file_name%3DPDF/ econrig_2012_6_17.p. [in Ukrainian].
5. Regulations on the State Regulatory Service (SRS) of Ukraine, approved by the Resolution of the Cabinet of Ministers of Ukraine No 724 of 24.12.2014. Retrieved from zakon.rada.gov.ua/laws/show/371-2014-%D0%BF#Text [in Ukrainian].
6. Law of Ukraine "On the Principles of State Regulatory Policy in the Sphere of Economic Activities" (2004). Retrieved from zakon.rada.gov.ua/laws/show/1160-15#Text [in Ukrainian].
7. On the approval of methods of impact analysis and monitoring the effectiveness of regulatory acts: Resolution of the Cabinet of Ministers of Ukraine No 308 of March 11, 2004. Retrieved from zakon.rada.gov.ua/laws/show/308-2004-п#Text [in Ukrainian].
8. Making it Work: “RIA Light” for Developing countries. Retrieved from documents.worldbank.org/ curated/en/184141468167049021/Making-it-work-Ria-light-fordeveloping-countries
9. European Commission (2009, 15 January). Impact Assessment Guidelines. Retrieved from ec.europa.eu/smart-regulation/impact/commission_guidelines/docs/ iag_2009_en.pdf
10. European Commission Better Regulation Guidelines (2015). Retrieved from ec.europa.eu/smart-regulation/guidelines/docs/ swd_br_guidelines_en.pdf
11. Better Regulation Framework Manual. Practical Guidance for UK Government Officials. (2013, July). Department for Business Innovation and Skills. Retrieved from https:// www.gov.uk/government/uploads/system/uploads/attachment_data/file/211981/ bis-13-1038-better-regulation-framework-manual-guidance-for-officials.pdf
12. Canadian Cost-Benefit Analysis Guide: Regulatory Proposals (2007). Retrieved from www. tbs-sct.gc.ca/rtrap-parfa/analys/analystb-eng.asp
13. Presidential Documents (1993). Executive Order 12866 of September 30, 1993. Regulatory Planning and Review. Federal Register, 58, 190.
Retrieved from www.whitehouse.gov/sites/default/files/omb/inforeg/eo128 66/eo12866_10041993.pdf
14. Australian Government (2014). The Australian Government Guide to Regulation. Commonwealth of Australia, Department of the Prime Minister and Cabinet. Retrieved from www.cuttingredtape.gov.au/sites/default/files/documents/australian_ government_guide_regulation.pdf
15. Recommendations of the State Regulatory Service of Ukraine on the assessment of regulatory impact of draft regulatory acts on competition within the analysis of regulatory impact (2017, November 30). Retrieved from www.drs.gov.ua/regulatory_policy/rekomendatsiyi-derzhavnoyi-regulyatornoyi-sluzhby-ukrayiny-shhodo-otsinky-regulyatornogo-vplyvu-proektu-regulyatornogo-akta-na-konkurentsiyu-v-ramkah-provedennya-analizu-regulyatornogo-vplyvu/ [in Ukrainian].
16. AMCU (2017). Methodical recommendations for assessing the impact of regulations and draft acts on competition Retrieved from amcu.gov.ua/news/metodichni-rekomendatsii-shchodo-otsinki-vplivu-normativno-pravovikh-aktiv-ta-proektiv-aktiv-na-konkurentsiyu [in Ukrainian].
№ 1/2023
NYKYFORUK Olena Ihorivna1, KUCHER Serhii Vladyslavovich2, STASYUK Ol`ha Mykolaivna3, FEDIAІ Natalia Oleksandrivna4
1Institute for Economics and Forecasting, NAS of Ukraine
2PrJSC "Ukrhydroenergo"
3Institute for Economics and Forecasting, NAS of Ukraine
4Institute for Economics and Forecasting, NAS of Ukraine
Multiplication effects of investment in a publicly significant infrastructure project
Ekon. prognozuvannâ 2023; 1:97-114 | https://doi.org/10.15407/eip2023.01.097 |
ABSTRACT ▼
The article features results of the assessment of the multiplier effects for the national economy from the implementation of construction project of the first stage of production facility of the Dniester HPP for the period 2010-2019. For this purpose, macroeconomic statistics were processes, on whose basis an information system of primary and calculated indicators was created using the data from the project documentation, which became the basis for calculations. A methodological approach was developed to assess multiplier effects at the macroeconomic level using the input-output balance, which is reflected in the symmetrical "input-output" table. The authors highlight the main indicators, through which the impact of the implementation of the construction project of the Dniester HPP on Ukraine’s economy is manifested, and which allow assessing its socio-economic significance: the multiplier of the output growth of the economic activity "Construction" at the expense of project investments, the GVA multiplier for all economic activities from project investments, and the GDP multiplier (public expenditure multiplier). According to the implemented approach, multiplier effects for the economy are calculated via additional output growth, additional value added growth, and GDP growth on project investments.
Based on the obtained results, it is proved that: 1) the implementation of the construction project of the first stage of the production facility of the Dniester HPP had made it possible to accumulate a multiplier effect for Ukraine’s economy, confirming in practice the theory of multiplier effects and proving the efficiency of public capital investments; 2) to the greatest extent, the multiplier effect from the additional investment growth in this project is generated within the economic activity "Construction", which is explained by increased demand for domestically produced construction products.
Keywords:multiplier effect, multiplier, investments, input-output tables, input-output balance, infrastructure project
JEL: E270; E220
Article in Ukrainian (pp. 97 - 114) | Download | Downloads :84 |
REFERENCES ▼
2. Keynes, J.M. (1937). The General Theory of Employment. The Quarterly Journal of Economics, 472. doi.org/10.2307/1882087
3. Boiko, M. (2016). Multiplication effect in tourism: limitations and opportunities. Intehratsiini protsesy na svitovykh rynkakh – Integration processes in world markets, 4, 23-32 [in Ukrainian].
4. Sholomytskyi, Yu., Deisan, I., Sholomytska, O., Onopriienko, A. and Shapoval, N. (2021). Assessment of the economic effects of the "Major construction" program in 2020-2023. Ukravtodor, Kiev School of Economics. Retrieved from kse.ua/wp-content/uploads/2021/02/GC_roads_construction_impact_final_compressed-1.pdf [in Ukrainian].
5. Odintsov, O.M. (2015). Multiplicative effect of increasing internal reserves of agricultural production. Ekonomika APK – Economics of the agro-industrial complex, 3, 34 [in Ukrainian].
6. Trusova, N.V. and Demko, V.S (2020). World practice of evaluation of multiplicative effect of investments in the tourism services industry. Zbirnyk naukovykh prats TDATU imeni Dmytra Motornoho (ekonomichni nauky) – Collection of scientific works of Dmitry Motorny TDATU (Economic Sciences),1(41), 99-107. doi.org/10.31388/2519-884X-2020-41-99-107 [in Ukrainian].
7. Lytvynenko, K.O. (2016). Multiplicative model of the investment impact on the business sector (commercial real estate case). Investytsii: praktyka ta dosvid – Investments: Practice and Experience, 16, 41-41 [in Ukrainian].
8. Dorohan, O.D. (2021). Multiplier in construction. Discussion. BRDO view. Nashi Hroshi – Our money. Retrieved from nashigroshi.org/2021/01/26/mul-typlikator-v-budivnytstvi-dyskusiia-pohliad-brdo/ [in Ukrainian].
9. Chepeliev, M.H. (2012). Evaluation of multiplier effects for the branches of the economy of Ukraine: a retrospective analysis based on "expenditure-output" tables. Ekonomist – Ekonomist, 11, 74-76 [in Ukrainian].
10. Zakhidna, O.R., Patyts'ka, Kh.O. (2014). Determining the potential of investment projects and competitive advantages of the region based. Efektyvna ekonomika – Effective economy, 8. Retrieved from www.economy.nayka.com.ua/?op=1&z=3265 [in Ukrainian].
11. Odintsov, M.M. and Odintsov, O.M. (2011). Multiplicative impact of investments on the effectiveness of the development of the region. Investytsii: praktyka ta dosvid – Investments: Practice and Experience, 9, 4-6 [in Ukrainian].
12. Prokopov, O.A. (2011). The multiplier effect of the competitiveness of the national economy on the international market of information services. Zhurnal Natsionalnoho tekhnichnoho universytetu Ukrainy «Kyivskyi politekhnichnyi instytut» – Journal of the National Technical University of Ukraine "Kyiv Polytechnic Institute. Retrieved from economy.kpi.ua/uk/node/265 [in Ukrainian].
13. State Statistics Service of Ukraine (2018). Methodological regulations on the organization of state statistical observation "Expenditure-Output Table". Retrieved from www.ukrstat.gov.ua/metod_polog/metod_doc/2018/236/mp_tvv.pdf [in Ukrainian].
Events calendar
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
1 | 2 | 3 | 4 | 5 | 6 | 7 |
8 | 9 | 10 | 11 | 12 | 13 | 14 |
15 | 16 | 17 | 18 | 19 | 20 | 21 |
22 | 23 | 24 | 25 | 26 | 27 | 28 |
29 | 30 | 31 |