Estimation of state financial support for non-priority territorial units using the example of bridge construction

Authors

  • Iaroslava Levchenko Kharkiv National Automobile and Highway University, Ukraine
  • Igor Britchenko State Higher Vocational School Memorial of Prof. Stanislaw Tarnowski , Ukraine https://orcid.org/0000-0002-9196-8740

DOI:

https://doi.org/10.15587/1729-4061.2021.225524

Keywords:

government funding, financial support, government support, financing model, bridge construction

Abstract

The article discloses the problem of distributing state financial support based on an integrated approach. The study has proved the urgency and necessity of state support for the lowest priority territorial units (regions). It answers the research question of what components need to be included in the methodology for determining state financial support. A comprehensive method for estimating the share of public funds is proposed, taking into account the investment attractiveness of a region (oblast) and the risk of the corresponding region (oblast). To achieve this goal, the following general scientific and special methods and research techniques were used in the work, such as comparative analysis of scientific literature and information sources based on methods of comparison, systematization, and generalization; generalization of the analysis results, as well as logical generation of conclusions and integral assessment.

Since the problem of financing the construction and reconstruction of bridges is relevant for a number of countries, this technique was tested using an example of bridge construction.

According to the obtained results, territorial units (regions) that are not leaders in priority for the investor and have a high level of riskiness of investing financial resources become eligible for state financial support. The problem of financing such regions can be solved only through state support. The results of calculations show that the distribution of financial resources with the available volume of public finances K=1 allocated for support is carried out proportionally. An integrated approach made it possible to identify 10 territorial units (oblasts) for funding, with the oblasts with the worst priority factors receiving the largest share of state financial support.

This study is of practical interest to government agencies in the distribution of public funds, and it is of theoretical importance to researchers dealing with issues of financial security and public administration

Author Biographies

Iaroslava Levchenko, Kharkiv National Automobile and Highway University

Doctor of Social Sciences and Economics, Associate Professor

Department of Economics and Entrepreneurship

Igor Britchenko, State Higher Vocational School Memorial of Prof. Stanislaw Tarnowski

Doctor of Economic Sciences, Professor

Department of Technical and Economic Sciences

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Published

2021-02-26

How to Cite

Levchenko, I., & Britchenko, I. (2021). Estimation of state financial support for non-priority territorial units using the example of bridge construction. Eastern-European Journal of Enterprise Technologies, 1(13 (109), 26–34. https://doi.org/10.15587/1729-4061.2021.225524

Issue

Vol. 1 No. 13 (109) (2021): Transfer of technologies: industry, energy, nanotechnology

Section

Transfer of technologies: industry, energy, nanotechnology

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Copyright (c) 2021 Ярослава Сергеевна Левченко, Игорь Геннадиевич Бритченко

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