Macro-financial Provision of Economic Development: Priorities, Strategy, and Risks
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 3
Abstract
The objective of the article consists in studying theoretical foundations of priority economic sectors, development of an improved system of their selection in order to ensure macro-financial stability in the state and contribute to recovery of the national economy by determining potential areas for acceleration of Ukraine‘s economic development rates. The article analyzes theoretical approaches to interpretation of the "priority sector" concept, establishes up-to-date criteria according to which a sector is regarded as a priority, and develops its own criteria according to which economic sectors are to be selected as priority ones from the viewpoint of budget funding. In the process of the study, relevance of state support for the development of priority economic sectors is substantiated, and it is established that the major driving force of economic development will be provision of financing for innovations and projects concerned with the development and modernization of priority sectors rather than financing current problems and investment projects whose objectives and targets change annually, whereas the objectives they were created to meet remain unachieved.
Authors and Affiliations
Anna Kotina, Marina Stepyra, Tetiana Tabakova
Keywords
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