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Vitalii Bashtannyk

Bio: Vitalii Bashtannyk is an academic researcher from National Academy of State Administration. The author has contributed to research in topics: Publishing & Institutionalisation. The author has an hindex of 2, co-authored 2 publications receiving 11 citations.

Papers
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Journal ArticleDOI
TL;DR: In this article, the authors examined the peculiarities of the impact of public debt on the economic growth of states and identified the determinants of the influence of government borrowing on economic growth.
Abstract: The study examines the peculiarities of the impact of public debt on the economic growth of states. The aim of the study was to analyze and identify the determinants of the impact of government borrowing on economic growth. The following research methods have been applied: analysis and synthesis of data and theoretical work, comparative analysis, statistical, correlation, cluster and discriminant analysis. According to the results of the survey, it is established that the growth of government borrowing can have both a negative and a positive effect on the economy, provided that it implements as the share of government debt to GDP, does not exceed 60% and is implemented in the form of financial investments (golden rule of public finance). The state’s deficit is allowed provided that state assets grow; current income from investment fully covers current expenses. The results of clusterization allowed to allocate 3 groups of states: states that demonstrated the economic downturn; states characterized by slow economic growth; states that were characterized by high level of economic growth. The first group of states (the countries with economic downturn) observed a negative high level of government debt and GDP. The results showed the low level of domestic borrowing development in low and middle income countries, which in developed countries allows governments to finance the investment projects on the basis of local loans (municipal bonds, infrastructure bonds, mainly medium and long-term), increase the debt burden in terms of economic recession.

11 citations

Journal Article
TL;DR: In this article, the authors considered the basic challenges faced by the world community during the coronavirus pandemic and the directions of improvement and formation of anti-corruption policy under modern conditions.
Abstract: Deterioration of the epidemiological situation in the country marked the beginning of rethinking of modern models towards combating corruption risks. Mankind has faced with an extremely serious problem that affects the economic system of the state, intensifies corruption processes and confuses the search for new ways to prevent abuse of officials. The academic paper has considered the basic challenges faced by the world community during the coronavirus pandemic. The destructive consequences of the spread of the coronavirus pandemic have been determined and the directions of improvement and formation of anti-corruption policy under modern conditions have been offered. Particular attention has been paid to the development of current legislation, program and strategic documents, protection of whistleblowers, the need to involve the public in the discussion of key issues in combating corruption, establishment of the principles of integrity, openness and transparency in topical anti-corruption measures in order to overcome the most difficult challenges of nowadays. The need to give priority to the main spheres of public life has been distinguished, where the most significant abuses are possible (health care, public procurement, public administration). Anti-corruption policy under the conditions of counteracting COVID-19 should be formed in accordance with the basic corruption challenges and taking into account current, progressive practices in order to address the issue of eliminating the consequences of illegal activities.

3 citations

Proceedings ArticleDOI
01 Jan 2022
TL;DR: The influence of Europeanization on public management and administration in Ukraine is discussed in this article , where the authors present a paper entitled "Influence of Europeanisation on Public Management and Administration in Ukraine".
Abstract: International scientific conference «Influence of Europeanization on public management and administration in Ukraine» : conference proceedings (October 5–6, 2022. Riga, the Republic of Latvia). Riga, Latvia : “Baltija Publishing”, 2022. 104 pages.

Cited by
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Journal ArticleDOI
TL;DR: In this paper, the impact of digitalization on the development of the world economy on the example of the economies of the European Union member states has been studied and the following methods have been used, namely: analysis, description, generalization, induction, deduction, tabular representation, graphical representation, correlation analysis, systematization and grouping.
Abstract: Transformation of economies with the application of information and communication technologies not only strengthens the competitiveness of countries in the international market, but also helps optimize and improve business processes in the international business environment. The purpose of the academic paper is to study the impact of digitalization on the development of the world economy on the example of the economies of the European Union member states. The following methods have been used, namely: analysis, description, generalization, induction, deduction, tabular representation, graphical representation, correlation analysis, systematization and grouping. Results: The positions of the European Union member states that are actively implementing the Digital Single Market strategy have been analyzed. It has been established that according to The Digital Economy and Society Index (DESI), Finland, Sweden, Denmark, the Netherlands and Malta have been among the top 5 leaders with the highest level of digitalization of the economy in 2020. Based on the study of The IMD World Digital Competitiveness Ranking, it has been found that the European Union member states, which are among the top 10 leading countries, such as: Denmark, Sweden and the Netherlands, have a high level of ability and readiness to research and implement digital technologies in order to achieve economic transformation and business transformation. The results of the correlation analysis have revealed the interrelationship between the values of Digital single market – promoting e-commerce for individuals and Enterprises that have provided training to develop / upgrade ICT skills of their personnel (%). It has been proved that Sweden, Malta and Estonia show a very high positive correlation, which indicates that these countries are actively implementing digital technologies in the development of economic processes.

5 citations

Journal ArticleDOI
TL;DR: In this paper, the authors examined the short and long-run impact of state debt on economic growth in Nigeria and found that economic growth is significant and negatively responsive to changes in external debt by 0.19% and debt servicing by 0.07%.
Abstract: An excessive increase in public debt characterizes the contemporary development of the global economic and financial system. The paper aims to examine the short- and long-run impact of state debt on economic growth in Nigeria. The model was estimated using an autoregressive distributed lag (ARDL) bounds testing method to co-integration for the long-run investigation. At the same time, the contemporaneous dynamics were explored using an unrestricted error correction model. The data were collected from the Central Bank of Nigeria’s statistical bulletins and annual reports, and it spanned the years from 1990 to 2020. The study uncovers evidence of a long-term link between the study variables. In addition, the study finds that all the explanatory is statistically significant. Specifically, economic growth is significant and negatively responsive to changes in external debt by 0.19% and debt servicing by 0.07%, contrary to its positive response to changes in domestic debt and exchange rate by 0.27% and 0.18%, respectively. The paper, therefore, recommends that government may consider more domestic borrowings to foreign borrowings that should only be resorted to when it is indispensable. Moreover, the government should also strive to balance loan servicing and the economic sustainability.

4 citations

01 Jan 2011
TL;DR: In this paper, the authors present an investigation of the role and importance of banks in infrastructure projects through public-private partnership and the features of banks participating in projects under PPP.
Abstract: The article presents an investigation of the banks’ role and importance in financing the infrastructure projects through public-private partnership. The features of banks participating in projects under public-private cooperation are considered. Also the problems and directions of such collaboration strengthening are selected.

2 citations

Journal ArticleDOI
26 Mar 2021
TL;DR: In this paper, the authors analyze the level of social-economic development of united territorial communities in Ukraine and the choice of sustainable development strategies (adaptation, innovation, anti-crisis) for UTCs of different levels, identify problems of socialeconomic development and outline areas to address them.
Abstract: The unification of territorial communities allows forming an effective and convenient system of management of the territory in which they live. However, the unification of territorial communities in Ukraine is uneven, which raises the question of why this is happening. The purpose of the study is to analyze the level of social-economic development of united territorial communities in Ukraine and the choice of sustainable development strategies (adaptation, innovation, anti-crisis) for UTCs of different levels, identify problems of social-economic development and outline areas to address them. Research methods: generalization and scientific abstraction; system-structural and comparative analysis; economic and mathematical modeling; clustering. It has been established that the unification of different territories in Ukraine took place unevenly (with different levels of social-economic development). The study found that the unification of different territories in Ukraine took place unevenly due to different levels of their socio-economic development. It has been established that throughout Ukraine, communities with a low and high level of development predominate and to a lesser extent with a medium level of development. According to the results of the analysis, territorial communities were grouped into 3 regional clusters: cluster 1 – UTCs and territories with a high level of social-economic development (Kyiv and 9 regions); cluster 2 – UTCs and territories with an average level of social-economic development (6 regions); cluster 3 – UTCs and territories with a low level of social-economic development (10 regions). It has been proved that the social-economic development of UTCs is ensured by the improvement of financial, innovative, and investment activities of enterprises operating in communities. It has been proposed to apply an adaptation strategy of sustainable development for the territories of cluster 1; for cluster 2 - innovative strategy of sustainable development; for cluster 3 - anti-crisis strategy of sustainable development. Continuation of research in terms of determining the impact of enterprises on the socio-economic development of UTCs is promising not only in scientific terms but also to address the applied problems of developing a strategy for sustainable development at the level of individual UTCs in Ukraine. The studied methodology for the unification of territorial communities can be used to predict the further formation of UTCs in Ukraine and can be applied for territorial and administrative reforms in countries with uneven regional development.

2 citations