THEORETICAL AND METHODOLOGICAL ASPECTS OF GOVERNMENT FISCAL POLICY
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2017, Vol 1, Issue 190
Abstract
In the conditions of prolonged economic transformation in Ukraine a problem of formation and implementation effective fiscal policy has a special significance. Consequently, it is necessary to substantiate the theoretical basics of government fiscal policy and to identify the factors which influence on the efficiency of its implementation. A question of essence the fiscal policy is a pivotal research in many theories of public finance, therefore an evolution of different approaches to the definition of government fiscal policy is analyzed in the given article. To sum up the analysis of the most influential works of different scientific schools it can be concluded that fiscal policy is a component of the government financial activity on different stages of economic development, which contributes to achievement of goals as a sustainable economic growth; a reduction the impact of economic cyclicality on the welfare; an encouragement of high level employment; a provision of moderate inflation and an alignment of regional economic development. The government applies the appropriate type of fiscal policy depending on a phase of the economic cycle. Fiscal policy is divided into two types as discretionary fiscal policy, which includes incentive or disincentive tools, and non-discretionary fiscal policy, which involves automatic stabilizers such as progressive scale of taxation of profits (income), unemployment benefits, public transfers.
Authors and Affiliations
Yulia Petlenko, Kateryna Mуlovanova
Keywords
Related Articles
- EP ID EP171131
- DOI 10.17721/1728-2667.2017/190-1/4
- Views 109
- Downloads 0
THEORETICAL ASPECTS OF SOCIAL AND ECONOMIC ENTERPRISE DEVELOPMENT
The paper highlights theoretical aspects of social and economic enterprise development. Тhe рареr examines that modern economic development has a number of characteristics that contribute to change in conditions of funct...
TO THE QUESTION OF THE NATURE AND ESSENCE OF SOCIAL ENTREPRENEURSHIP
This paper is analyzed the main approaches to the definition of social entrepreneurship, the main differences between traditional entrepreneurship, social entrepreneurship and philanthropy, as well as differences in soci...
The Strategic Importance of Investment Component of Economic Security for Regions of Ukrainian Polissya
У статті досліджено стан економічної безпеки регіонів Українського Полісся. Визначено часткові індекси інтегрального індексу економічної безпеки, а саме індекси інвестиційної, інноваційної, фінансової, зовнішньоторговель...
Complementary Effects in Activization of Scientific and Technical Activities in the Information Society
This paper proposes new methodological approaches in the study of development problems of scientific and technical activities in the information society. The essence and economic nature of development scientific and tech...
E-COMMERCE DEVELOPMENT IN THE STRUCTURE OF THE INFORMATION ECONOMY OF UKRAINE
The paper examines theoretical and practical aspects of emerging information economy in Ukraine thus contributing to the studies of P. Drucker, A. Toffler, F. Machlup, M. Castells and M. Porat who investigated general as...