Stimulation and incentives in economics: definition and classification

Journal Title: Економічний аналіз - Year 2017, Vol 27, Issue 2

Abstract

Introduction. The incentives play the essential role in economics. Their purpose can be determined as the growth of labour productivity, the development of enterprises, regions and national economy. Nowadays Ukrainian and foreign scholars pay special attention to incentives issues. However, despite of a large number of views and approaches, there is still an inconformity regarding the understanding of the economic content of stimulation and incentives, as well as their unified classification. Purpose. The aim of the study is to carry out the analysis of existing interpretations of the concepts of "incentives" and "stimulation" and to formulate their essential characteristics and author's definition on its basis. Results. Scholars’ views on the essence of economic stimulation and incentives categories have been considered. The definitions of the concepts of "stimulation", "enterprise development stimulation", "the economic stimulation system of enterprise development" have been formulated. It has been found out that not only the state, but also non-state institutions can act as a subject of stimulation: banks, insurance companies, mutual funds, etc. Three levels of economic stimulation: micro-, meso- and macrostimulation are determined. The classification of incentives have been suggested.

Authors and Affiliations

Viacheslav Rogov

Keywords

Related Articles

Certification of wood pellets as an important component of its distribution

Introduction. The article discloses the content of certification of wood pellets as a necessary component of its distribution through export. The comparative characteristic of wood pellets' technical parameters according...

Modern terms of formation and realization of export potential agricultural sphere of regions of Ukraine

The article substantiates the essential content of the competitiveness of the agrarian sphere of the region in the conditions of modern transformation processes. A number of competitive advantages of domestic producers o...

Концептуалізація перспектив розвитку виробництва суспільних благ в економічній системі України

Предметом дослідження є визначення найголовніших напрямів розвитку виробництва суспільних благ у вітчизняній економічній системі. Згідно з цим сформовано теоретико-методологічні та практичні підходи до удосконалення моде...

Analysis of marketing activity and communication policy of car service enterprises of Ukraine

The effective use of information technology becomes one of the most important factors in the survival of enterprises in the modern hyper-information space in the context of the transformation of economic relations. The f...

Аналіз світового досвіду управління транспортно-логістичним центром

Вступ. Сучасні тенденції у сфері міжнародної торгівлі пов’язані зі створенням та розповсюдженням транспортно-логістичних центрів. Зарубіжна практика демонструє, що останні є найбільш вдалою формою організації міжнародних...

Download PDF file
  • EP ID EP329524
  • DOI -
  • Views 47
  • Downloads 0

How To Cite

Viacheslav Rogov (2017). Stimulation and incentives in economics: definition and classification. Економічний аналіз, 27(2), 30-35. https://europub.co.uk/articles/-A-329524