Devising a procedure of state financial protectionism in the agricultural industry in the context of regionalization

Authors

DOI:

https://doi.org/10.15587/1729-4061.2022.255045

Keywords:

State funding, protectionism, state support, agricultural industry, investment attractiveness

Abstract

This paper considers the issue of state financial protectionism of the agricultural industry in the context of regionalization. A comprehensive methodology of state financial protectionism of the agricultural industry in the context of regionalization has been proposed, taking into consideration IPR and the value of the agricultural industry in a region. Based on statistical data on the indicators of investment attractiveness of the region (IAR) and the value of the agricultural industry in a region, regions for financing were determined. The problem of determining the fate of state financial protectionism for the agricultural industry in the context of regionalization has been stated and solved. The proposed methodology was tested by an experimental method.

It is proposed that the state financial protectionism in the context of regionalization should include budget (investment) financial injections based on the investment attractiveness of a region and the value of the agricultural industry in the region, which are directed to the agricultural sector, in order to support it.

The calculation results show that the distribution of financial resources with the available amount of public finances S=1 allocated for support is carried out proportionally. The comprehensive approach has made it possible to identify four regions for financing, and those are the regions that have the greatest value in the agricultural industry.

Practical value is for management bodies (local, territorial, etc.) in the distribution of funds according to the vector of protectionism of the agricultural industry. The theoretical value is for researchers dealing with financial support, state protectionism, and public administration

Author Biographies

Iaroslava Levchenko, Kharkiv National Automobile and Highway University

Doctor of Economic Sciences, Associate Professor

Department of Economics and Entrepreneurship

Nina Hradovych, Stepan Gzhytskyi National University of Veterinary Medicine and Biotechnologies Lviv

PhD, Associate Professor

Department of Ecology

Valentyna Borkovska, Higher Educational Institution "Podillia State University"

PhD, Associate Professor

Department of Accounting, Taxation and E-Business Technology

Educational and Scientific Institute of Business and Finance

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

Doctor of Economics, Professor

Department of Technical and Economic Sciences

References

  1. Silske hospodarstvo. Available at: https://uk.wikipedia.org/wiki/Сільське_господарство
  2. Ukraina – yevropeiskyi lider po silskohospodarskykh uhiddiakh. Dovedeno za dopomohoiu shtuchnoho intelektu. Available at: https://uprom.info/news/agro/ukrayina-yevropeyskiy-lider-po-silskogospodarskih-ugiddyah-dovedeno-za-dopomogoyu-shtuchnogo-intelektu/
  3. Ukraina vkhodyt do TOP-5 eksporteriv prodovolstva. Available at: https://t.me/verkhovnaradaukrainy/10016
  4. Komitet z pytan ahrarnoi ta zemelnoi polityky: «My maiemo unyknuty svitovoi prodovolchoi kryzy». Available at: https://t.me/verkhovnaradaukrainy/10165
  5. Tsybulska, S., Hradovych, N., Paraniak, R. (2020). Scientific and practical aspects of land use optimization in the agrosphere. Scientific Messenger of LNU of Veterinary Medicine and Biotechnologies, 22 (93), 90–96. doi: https://doi.org/10.32718/nvlvet-a9316
  6. Kononenko, Z. A., Sokil, V. O. (2017). The process of intensification and efficiency land use. Ekonomika ta upravlinnia pidpryiemstvamy, 10, 283–286. Available at: https://economyandsociety.in.ua/journals/10_ukr/50.pdf
  7. Mihaylova, M. (2021). Innovation through the prism of companies using direct marketing. An empirical example from Bulgaria. VUZF Review, 6 (2), 11–15. doi: https://doi.org/10.38188/2534-9228.21.2.02
  8. Novoe issledovanie Euler Hermes: vozdeystvie koronavirusa na global'nye otryasli. Available at: https://www.eulerhermes.com/ru_RU/latest-news/ehru_2020_covid_uscherb_otraslyam.html
  9. Kukacka, J., Kristoufek, L. (2020). Do “complex” financial models really lead to complex dynamics? Agent-based models and multifractality. Journal of Economic Dynamics and Control, 113, 103855. doi: https://doi.org/10.1016/j.jedc.2020.103855
  10. Impacts of the COVID-19 pandemic on EU industries (2021). doi: https://doi.org/10.2861/052356
  11. Baldwin, R., Weder di Mauro, B. (Eds.) (2020). Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes. CEPR Press. Available at: https://voxeu.org/content/mitigating-covid-economic-crisis-act-fast-and-do-whatever-it-takes
  12. Terlikowski, P., Paska, J., Pawlak, K., Kaliński, J., Urbanek, D. (2019). Modern financial models of nuclear power plants. Progress in Nuclear Energy, 110, 30–33. doi: https://doi.org/10.1016/j.pnucene.2018.09.010
  13. Muczyński, A. (2020). Financial flow models in municipal housing stock management in Poland. Land Use Policy, 91, 104429. doi: https://doi.org/10.1016/j.landusepol.2019.104429
  14. 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. doi: https://doi.org/10.15587/1729-4061.2021.225524
  15. Snieska, V., Zykiene, I. (2015). City Attractiveness for Investment: Characteristics and Underlying Factors. Procedia - Social and Behavioral Sciences, 213, 48–54. doi: https://doi.org/10.1016/j.sbspro.2015.11.402
  16. Akbulaev, N., Aliyev, Y., Ahmadov, T. (2019). Research models for financing social business: theory and practice. Heliyon, 5 (5), e01599. doi: https://doi.org/10.1016/j.heliyon.2019.e01599
  17. Angelis-Dimakis, A., Dimaki, K. (2016). Identifying Clusters of Regions in the European South, based on their Economic, Social and Environmental Characteristics. REGION, 3 (2), 71. doi: https://doi.org/10.18335/region.v3i2.81
  18. Levchenko, I., Losonczi, P., Britchenko, I., Vazov, R., Zaiats, O., Volodavchyk, V. et. al. (2021). Development of a method for targeted financing of economy sectors through capital investment in the innovative development. Eastern-European Journal of Enterprise Technologies, 5 (13 (113)), 6–13. doi: https://doi.org/10.15587/1729-4061.2021.243235
  19. Levchenko, I., Dmytriieva, O., Shevchenko, I., Britchenko, I., Kruhlov, V., Avanesova, N. et. al. (2021). Development of a method for selected financing of scientific and educational institutions through targeted capital investment in the development of innovative technologies. Eastern-European Journal of Enterprise Technologies, 3 (13 (111)), 55–62. doi: https://doi.org/10.15587/1729-4061.2021.235930
  20. Domin, D. (2013). Artificial orthogonalization in searching of optimal control of technological processes under uncertainty conditions. Eastern-European Journal of Enterprise Technologies, 5 (9 (65)), 45–53. doi: https://doi.org/10.15587/1729-4061.2013.18452
  21. Orlowski, L. T. (2012). Financial crisis and extreme market risks: Evidence from Europe. Review of Financial Economics, 21 (3), 120–130. doi: https://doi.org/10.1016/j.rfe.2012.06.006
  22. Metodyky otsiniuvannia roboty tsentralnykh i mistsevykh orhaniv vykonavchoi vlady shchodo zaluchennia investytsiy, zdiysnennia zakhodiv z polipshennia investytsiynoho klimatu u vidpovidnykh haluziakh ekonomiky ta v rozrizi rehioniv, reitynhovoi otsinky investytsiynoi pryvablyvosti haluzei, rehioniv ta subiektiv hospodariuvannia i vidpovidnoi formy zvitu. Nakaz ministerstva ekonomiky Ukrainy vid 17 lypnia 2006 r. No. 245. Available at: https://zakon.rada.gov.ua/laws/show/z0459-04#Text
  23. Reitynh rehioniv Ukrainy za vartistiu derzhavnoi zemli. Available at: https://landlord.ua/reytingi/reitynh-rehioniv-ukrainy-za-vartistiu-derzhavnoi-zemli/
  24. СЕТАМ. Available at: https://setam.gov.ua/

Downloads

Published

2022-04-28

How to Cite

Levchenko, I., Hradovych, N., Borkovska, V., & Britchenko, I. (2022). Devising a procedure of state financial protectionism in the agricultural industry in the context of regionalization. Eastern-European Journal of Enterprise Technologies, 2(13 (116), 6–14. https://doi.org/10.15587/1729-4061.2022.255045

Issue

Vol. 2 No. 13 (116) (2022): Transfer of technologies: industry, energy, nanotechnology

Section

Transfer of technologies: industry, energy, nanotechnology

License

Copyright (c) 2022 Iaroslava Levchenko, Nina Hradovych, Valentyna Borkovska, Igor Britchenko

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

The consolidation and conditions for the transfer of copyright (identification of authorship) is carried out in the License Agreement. In particular, the authors reserve the right to the authorship of their manuscript and transfer the first publication of this work to the journal under the terms of the Creative Commons CC BY license. At the same time, they have the right to conclude on their own additional agreements concerning the non-exclusive distribution of the work in the form in which it was published by this journal, but provided that the link to the first publication of the article in this journal is preserved.

A license agreement is a document in which the author warrants that he/she owns all copyright for the work (manuscript, article, etc.).
The authors, signing the License Agreement with TECHNOLOGY CENTER PC, have all rights to the further use of their work, provided that they link to our edition in which the work was published.
According to the terms of the License Agreement, the Publisher TECHNOLOGY CENTER PC does not take away your copyrights and receives permission from the authors to use and dissemination of the publication through the world's scientific resources (own electronic resources, scientometric databases, repositories, libraries, etc.).
In the absence of a signed License Agreement or in the absence of this agreement of identifiers allowing to identify the identity of the author, the editors have no right to work with the manuscript.
It is important to remember that there is another type of agreement between authors and publishers – when copyright is transferred from the authors to the publisher. In this case, the authors lose ownership of their work and may not use it in any way.