Tools of State Regulation of Business Development at the Regional and Subregional Levels
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 4
Abstract
In the scientific literature on regional economic policy and regional development, aspects of comparability of science-based tools for regional policy and legislated means to implement the authorities at the regional and subregional levels remain unresolved. As a result, the enterprise of a certain territory or a potential investor does not possess the full information on the possible directions of state support for business development of regional and local authorities. In this regard, the idea of the study is to determine the means of implementation of statutory instruments of regional policy at the regional and subregional levels in the context of possible support for business development. In this article the reasons of differences in scientists interpretation of content and components of the regional development regulation . Analysis of national law allowed to systematize tools promoting regional development for the following units: budget and financial, raising competitiveness of business; institutional guarantee; interaction and communications support. In the article there are set out means to implement the above-mentioned instruments; they reflect existing powers of local governments, local and regional executive authorities to create conditions for the effective and efficient functioning of enterprises or direct influence on these processes in accordance with the priorities of territorial development. The developed system declared means of implementing regional policy instruments has practical importance for business in Ukraine, because it indicates the potential direction to facilitate their development by the authorities.
Authors and Affiliations
Viktoriia Bondarenko, Kateryna Mashiko
Keywords
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