Financial convergence of the regions sustainable development in the state

Economic Annals-ХХI: Volume 140, Issue 3-4(2), Pages: 59-62

Citation information:
Ropotan, I. (2014). Financial convergence of the regions sustainable development in the state. Economic Annals-XXI, 3-4(2), 59-62. https://ea21journal.world/index.php/ea-v140-15/

Iryna Ropotan
PhD Seeker,
Lutsk National Technical University
75 Lvivska Str., Lutsk, 43018, Ukraine
ropotan4ik@ukr.net

Financial convergence of the regions sustainable development in the state

Abstract. Introduction. Regional asymmetries strengthening in Ukraine’s development leads to an objective need for theoretical and practical solutions to this problem, primarily by ensuring regional financial convergence. The purpose of the article is to establish an economic content, terms and tools of the sustainable development financial convergence ensuring in the regions of a country. Results. Based at the theoretical analysis of the financial convergence economic substance, generalization and systematization of scientific approaches, the interpretation of the sustainable development financial convergence of the regions in the country is improved. Variety of conditions to provide sustainable development financial convergence of the regions in the country are defined, which may be differentiated and distinguished as effective, moderately effective and ineffective. The tools of the sustainable development financial convergence of the regions in the country providing, which are financial policies of state and regions, are presented. Conclusion. Based at the sustainable development financial convergence of the regions in the country, it is possible to achieve equal access to public goods and services, elimination of budgetary distortions, the local budgets stability, the deficit of the region’s financial resources adjustment, increase the region’s investment attractiveness, access to domestic financial resources improvement, and more.

Keywords: Financial Convergence; Region’s Sustainable Development; Inter-Regional Asymmetries; Financial Support

JEL Classification: Н72; Н77; О10; О18; R12

References

1. Pagenkopf, H. (1981). The financial compensation in the federal state. Berlin – Stuttgart: Kohlhammer (in German).
2. Popitz, J. (1927). Financial compensation. Handbook of science financing in 2 volumes. Volume 2. Tuebingen: Band. S. (in German).
3. Baldych, N. I. (2005). The state policy of financial equalization local budgets (Doctoral dissertation, National Academy for Public Administration under the President of Ukraine). Kyiv, Ukraine (in Ukr.).
4. Zabrotska, O. V. (2009). Financial equalization as a Factor of local security Ukraine. Naukovyi visnyk Lvivskoho derzhavnoho universytetu vnutrishnikh sprav (Lviv State University of Internal Affairs Scientific Bulletin), 2, 1-9 (in Ukr.).
5. Kryvorotko, Yu. V. (2010). Financial equalization in the former Soviet space: the harmony or disunity? Izvestiia Sankt-Peterburgskoho univiersiteta ekonomiki i finansov (News of St. Petersburg University of Economics and Finance), 1(61), 23-31.
   Retrieved from http://elibrary.finec.ru/materials_files/321618962.pdf (in Russ.)
6. Leksin, V. N., & Shvecov, A. N. (2012). State and regions: theory and practice of state regulation of territorial development. Moscow: Librokom (in Russ.).
7. Morozova, O. (2013). Modern trends in intergovernmental relations in Germany. Miezhdunarodnaia zhyzn (International Affairs), 6.
   Retrieved from http://interaffairs.ru/author.php?n=arpg&pg=891# (in Russ.)
8. Naidionova, T. A. (2012). Budget alignment as an instrument of fiscal policy northern territories. Korporativnoe upravlenie i innovatsionnoe razvitie Severa: Vestnik Nauchno-issledovatelskoho tsentra korporativnoho prava, upravlenia i venchurnoho investirovaniia Syktyvkarskoho hosudarstvennoho univiersiteta (Corporate governance and innovative development of the North: Journal of Scientific Center of Corporate Law, Management and Venture Capital Investments of Syktyvkar State University), 3.
   Retrieved from http://vestnik-ku.ru/2012/2012-3/9/9.htm (in Russ.)
9. Narkizov, M. M. (2010). Institute for financial compensation as an instrument of state regulation of regional development. Visnyk ekonomiky transportu ta promyslovosti (Journal of Transport Economics and Industry), 31, 194-197 (in Ukr.).
10. Pavlenko, A. G., Kostrica, Yu. S., & Gvasaliia, D. S. (2010). Problems of inter-regional fiscal equalization in Ukraine. Ekonomicheskie nauki (Economic Science).
    Retrieved from http://www.rusnauka.com/1_KAND_2010/Economics/3_57696.doc.htm (in Russ.)
11. Peniugalova, A. V., & Kochesokova, T. I. (2010). The horizontal and vertical alignment of the budget as a mechanism to ensure a balance local budgets. Nauchnyi zhurnal KubGAU (Scientific Journal of KubSAU), 63(09).
    Retrieved from http://ej.kubagro.ru/2010/09/pdf/17.pdf (in Russ.)
12. Polozkov, M. G. (2011). The stimulating fiscal equalization of territories. Vestnik Tomskoho hosudarstvennoho universiteta (Tomsk State University Bulletin), 343, 148-152 (in Russ.).
13. Stolbov, M. Y. (2008). Financial Markets and Economic Growth: the contours of the problem. Moscow: Nauchnaia kniga (in Russ.).
14. Serova, A. V. (2007). The development of the global complex of financial services. Problemy sovremennoy ekonomiki (Problems of Modern Economy), 4.
    Retrieved from http://www.m-economy.ru/art.php?nArtId=1670 (in Russ.)
15. Chernov, I. M. (2009). Formation of the global insurance market in the context of globalization.
    Retrieved from http://intertrans.ru/books/chernov-im/152-integratsiya-finans (in Russ.)
16. Safronov, S. B. (2010). Financial convergence and financial conglomerates in the world economy (Doctoral dissertation, St. Petersburg State University). St. Petersburg, Russia (in Russ.).

Received 05.02.2014