MECHANISMS AND MODES OF GOVERNANCE OF AGRO-ECOSYSTEM SERVICES IN BULGARIA

Authors:   H. Bachev, Doctor of Sciences (Economics), Professor, ORCID ID: 0000-0003-0555-7468
Institute of Agricultural Economics, Sofia, Bulgaria
G. Kharlamova, Doctor of Sciences (Economics), Associate Professor, ORCID ID: 0000-0003-3614-712X
Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation: The products and the variety of direct and indirect benefits that humans receive from nature and the various ecosystems are commonly known as ecosystem services. Agricultural ecosystems of different types and their specific “agro-ecosystem” services are among the most widespread in the world. In recent years increasing attention is given to the system of (“good”) governance as a key to achieving public, collective, corporate, and private goals in relation to conservation and improvement of (agro)ecosystem services. Nevertheless, in Bulgaria, like in many other countries, there are few studies on the specific mechanisms, modes, factors, and efficiency of agro-ecosystem survives governance.

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CROWDFUNDING AS ALTERNATIVE FINTECH ECOSYSTEM IN FINANCIAL MARKET

Authors:   N. Versal, Doctor of Sciences (Economics), Associate Professor, ORCID-ID: 0000-0002-8801-6351
Y. Dudnyk,  ORCID-ID: 0000-0003-0892-1894
Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation:  The financial market offers many opportunities for projects funding. However, in its development, the financial market becomes more complex; it loses such features as flexibility and ease of fund-raising, including increased regulation. As a result, new, sometimes niche types of financial markets and instruments appear in the search for convenient channels for the movement of funds from lenders and investors to borrowers and issuers. Crowdfunding has become such a niche component of the financial market, a kind of ecosystem that consists of investors (lenders,
donors), crowd platforms, and beneficiaries (project owners), among which startups occupy a special place. Accordingly, the purpose of the study
was to clarify the features of crowdfunding, the factors predetermining its development, and the prospects for its development.

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PRODUCT INNOVATION AS A FACTOR OF INCREASING THE COMPETITIVENESS OF THE ENTERPRISE

Authors:  O. Derkach, PhD in Economics, Associate Professor, ORCID ID: 000-0002-0522-6389,
N. Tsygankova
Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation:  The relevance of the article lies in the constant need to create innovative resources to increase the competitiveness of the enterprise. The article considers product innovation as an important element of the company’s information technology development. The article analyzes the approaches to the definition of “product innovation” and presents its interpretation. The peculiarities of the development of the IT sphere in the national and foreign markets in recent years are studied, as well as forecast data on the growth of the IT products market in the world for the next 5 years. The role of product innovations in the IT-sphere as a factor in increasing the competitiveness of the enterprise is substantiated. 

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THE RELATIONSHIP BETWEEN THE CULTURE OF WORK AND BEHAVIOR AT WORK: CROSS THE CULTURAL ASPECT

Authors:  I. Zapukhliak, Doctor of Economic Sciences, Professor, ORCID ID: 0000-0002-1218-0251
Ivano-Frankivsk National Technical University of Oil and Gas, Ivano-Frankivsk, Ukraine,
T. Onysenko, PhD in Economics, ORCID ID: 0000-0003-2176-4168
Taras Shevchenko National University of Kyiv, Kyiv, Ukraine,
V. Sabadosh, manager, Ivano-Frankivsk, Ukraine

Annotation:  The increase in the scale of economic activity in the process of expanded reproduction and development, the intensive use of factors of production lead to an exacerbation of not only socio-economic contradictions but also sharply raise the question of the need to solve the qualitative problems of economic growth. In order to form modern thinking as a prerequisite for the formation of a “road map” to ensure sustainable development, the authors revealed the nature of such a phenomenon today as the culture of labor. Which in the future allows to produce both new opportunities and new constraints and challenges in the field of social and labor development. 

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TECHNOLOGICAL DEVELOPMENT IN THE WORLDWIDE LOGISTICS SECTOR. IS THE BUSINESS ENVIRONMENT GOVERNED BY UNCERTAINTY AND INSTABILITY?

Authors:   D. Miricescu, Professor, PhD, ORCID ID: 0000-0001-9675-1869
Lucian Blaga University of Sibiu, Sibiu, Romania,
D.M. Sitea, PhD Student in Finance, ORCID ID: 0000-0002-1298-0603
Lucian Blaga University of Sibiu, Sibiu, Romania

Annotation:   The logistics activity took shape many years ago, but lately, the digital impact has radically overhauled the traditional endeavor and led it on a new path. Accordingly, this study analyzes the digital logistics ecosystem, in terms of being sustainable or unsustainable, through the help of a quantitative method of research – a questionnaire. Logistics deals with the planning and control of material and information flow in public and private organizations.

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THE PLACE OF ECONOMIC SYSTEM IN SOCIETY: KARL POLANYI’S SOCIETAL APPROACH AS AN ALTERNATIVE TO MARKET FUNDAMENTALISM

Authors:    I. Nazarov, PhD in Economics, Associate Professor, ORCID ID: 0000-0002-5118-8416
Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation:  This article based on the works of Karl Polanyi (1886-1964), the famous American and Canadian economist, one of the founders of economic anthropology, explores two conceptual approaches to identifying the place of economy in society – societal and economistic. The article examines the substantive definition of economics (as an institutionally formalized process of interaction between man and the environment aimed at satisfying needs) given by K. Polanyi, as opposed to its formal definition by representatives of neoclassical economics (as a process of satisfying needs by choosing alternative options for managing scarce resources). 

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METHODOLOGICAL TOOLSET FOR ASSESSING THE LEVEL OF EMPLOYEES’ LOYALTY TO COMPANY’S HR-BRAND

Authors:  S. Firsova, PhD in Economics, Associate Professor,  ORCID ID: 0000-0003-0848-1390,
T. Bilorus, PhD in Economics, Associate Professor, ORCID ID: 0000-0001-7620-4622
Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation:  In this paper currently important issues of HR-brand management have been examined. The necessity of developing methodological tools for assessing the level of loyalty of the company’s employees to the internal HR-brand as a system-forming component of effective management of the company-employer in modern business conditions is proved. The article focuses on the essence of the category “employee loyalty to the HR-brand of the company”, which is proposed to understand the level of intangible behavior of employees of the company, which is accompanied by emotional attachment to it. This made it possible to distinguish two components of loyalty – behavioral and emotional. A system for assessing the level of employee satisfaction with the company’s HR brand has been developed by surveying the company’s employees using the method of semantic differential. 

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PECULIARITIES OF INTERBUDGETARY RELATIONS UNDER DECENTRALIZATION

Authors:    O. Cheberyako, Doctor of HistoricalScience, Ph.D. in Economics, Professor,  ORCID ID: 0000-0002-1563-9611,
N. Miedviedkova, PhD, Associate Professor, ORCID ID:0000-0001-6359-561X
Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation: The article is devoted to the study of the features of interbudgetary relations, key aspects of their regulation, instruments of interbudgetary relations, and their application in Ukraine under decentralization. The study substantiates the need to revise and improve the practice of using instruments of interbudgetary relations, taking into account international experience, outlines the directions for increasing the efficiency of using instruments of interbudgetary relations in order to ensure the socio-economic development of regions. The article is structured as follows: firstly, the features of interbudgetary relations are disclosed; secondly, the impact of decentralization on the state of intergovernmental fiscal relations is considered; thirdly, the tools of inter-budgetary relations are investigated with the aim of leveling horizontal and vertical imbalances in the budgets of all levels.
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EVALUATION OF THE HYBRID NEW KEYNESIAN PHILLIPS CURVE FOR UKRAINE

Authors: I. Fedorenko, PhD in Economics, Associate prof., ORCID ID 0000-0002-2851-6856, G. Chornous, Doctor of Sciences (Economics), Prof., ORCID ID 0000-0003-4889-1247, V. Pylypchuk Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation:  The Hybrid New Keynesian Phillips Curve (HNKPC) was developed as a response to the apparent inertia in inflation the baseline New Keynesian Phillips curve leaved unexplained. Thus, the hybrid model combines two extreme cases – the traditional Phillips curve, and the purely forward-looking NKPC. The HNKPC also based on theoretical micro-foundations that aim to explain price stickiness and nominal rigidities. The paper is devoted to econometric testing and investigation the validity of the HNKPC (Calvo pricing model) for Ukraine.

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INVESTMENT OPPORTUNITIES FOR INFRASTRUCTURE INNOVATIONS IN UKRAINE

Author: A. Stepanova, PhD in Economics, Associate рrof., ORCID ID 0000-0002-1711-7948, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine

Annotation:  Industrialization and digitalization of all spheres of the economy set the pace of development. The implementation of the latest achievements in related areas of the economy contributes to the innovative development of the country and its businesses. The proposed and economically substantiated innovative project for the production of unmanned aerial vehicles (UAVs) for infrastructure purposes at the existing enterprise of Ukraine allowed demonstrating the economic feasibility of such an idea. The calculation of investment support for the implementation of an innovative infrastructure project has shown that Ukraine has prospects for the development of infrastructure innovations, taking into account global trends in the production of complex technical systems.

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