Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 2 (68)

Published: 2024.08.23

DOI: 10.37128/2411-4413-2024-2

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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ECONOMIC REFORMS IN UKRAINE FROM THE STANDPOINT OF BEHAVIORAL ECONOMY

DOI: 10.37128/2411-4413-2024-2-1

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ZAKHARCHENKO Volodymyr – Doctor of Economic Sciences, Professor of the Department of Administrative Management and Alternative Energy Sources, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: zakharchenkovn@i.ua).

Annotation

The article shows that when developing and implementing economic reforms, irrational behavior of economic entities is not sufficiently taken into account. For its more complete consideration, it is proposed to make wider use of the theory and principles of behavioral economics – a special direction of institutional economics, within which the influence of psychological factors on the behavior of the economic subjects is investigated. It is noted that behavioral economics originated against the background of criticism of the theory of rational choice, which in its constructions traditionally relied on the concept of «economic man». It is noted that the «sprouts» of the theory of behavioral economics appeared in the works of the representatives of classical political economy, Keynesianism and neo-institutionalism, its beginnings – in the works of M. Alle, D. Ellsberg, L. Savage, G. Simon and J. Katons, and the basics – in the works of D. Kahneman, A. Tversky and their followers. It is shown that the work of D. Kahneman and A. Tversky stimulated the process of differentiation of behavioral economics and contributed to the emergence within its framework of several theories, namely: the choice of decisions in conditions of uncertainty and risk (prospects and cognitive heuristics), intertemporal choice (anomalies and behavioral finances), behavioral games (social preferences and equitable distribution, as well as the theory of nudging. For the practical use of theories of behavioral economics on their basis the basic principles of behavior of economic subjects are allocated: painful attitude to risks and losses; permanent improvement; compliance with a certain style of the behavior; problems of self-control; imitating crowd behavior; incorporating equity into the utility function; paternalism; nudging (najing). It is emphasized that the theories and principles of behavioral economics should be used when carrying out economic reforms. The experience of their use in foreign countries is summarized. The possibilities of their use in Ukraine during the implementation of the following reforms are revealed: institutional (state administration, national security and defense system, deoligarization, decentralization and regional policy) – to improve public management of the socio-economic development of the country, regions and territorial communities, to protect the country from russian military aggression; financial sector of the economy (monetary policy, tax and budget policy) – to encourage business and citizens to save, lend to the economy and pay taxes, improve control over budget expenditures; real sector of the economy (land, agriculture, industry and infrastructure) – to eliminate the monopoly on state property, in particular land, restoration of the effective owner, innovative development of the economy; social sphere (education, labor market, medical, pension and social protection system of the population) – to improve the quality of education and the level of employment, improve the system of providing social services, etc.; spheres of nature use (subsoil use and systems of state supervision in the field of environmental protection) – to ensure sustainable development of the country.

Keywords: the concept of «economic man», the theory of rational choice, behavioral economics, theories of behavioral economics, principles of behavioral economics, economic reforms in Ukraine

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).