{"id":10916,"date":"2019-03-20T14:00:29","date_gmt":"2019-03-20T12:00:29","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=10916"},"modified":"2019-03-29T13:13:28","modified_gmt":"2019-03-29T11:13:28","slug":"theoretical-and-practical-approach-to","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/theoretical-and-practical-approach-to\/","title":{"rendered":"Pakholchuk Vadym Theoretical and Practical Approach to the Analysis of Financing Data of the Armed Forces of Ukraine and the other military formations"},"content":{"rendered":"

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JEL<\/strong> Classification:<\/strong> H50; H56.<\/span><\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V13(2019)-31<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_column_text]Pakholchuk Vadym<\/b>, adjunct of the Department of military forces financial support, Military Institute of Taras Shevchenko National University of Kyiv, Ukraine<\/span><\/p>\n

ORCID ID<\/strong>: 0000-0002-9657-6148<\/a>
\ne-mail<\/strong>: vadym.pakholchuk@univ.kiev.ua<\/a><\/p>\n

 <\/p>\n

Theoretical and Practical Approach to the Analysis of Financing Data of the Armed Forces of Ukraine and the Other Military Formations<\/h2>\n

 <\/p>\n

Abstract. Introduction.<\/b> In this article the main emphasis of the research were done on the theoretical and practical approaches to the military budget expenditures. The military finance is one of the biggest components of the financial system of Ukraine. So, according to the nowadays situation and military conflict in Ukraine we searching a new ways to increase this kind of expenditures. \u00a0<\/span><\/p>\n

Purpose<\/b>. That\u2019s why the problem of data evaluation and comparison is so popular today. When we are talking about NATO integration and cooperation, we need to understand and compare financial statement. Our purpose in this article was to find out that comparison basis for Ukraine and the other countries according to SIPRI and WMEAT approaches. It could become the source for future researches. <\/span><\/p>\n

Results<\/b>. In results of the research, we should mention that time series analysis of the budget in national currency could be done only in national currency, but according to the article, inflation should be taken into account. But the most complex approach is international currency evaluation during the discount time. Another valuable thing is the way of the total military expenditure estimation, because it\u2019s not only the Military Forces. In the process of work, it was concluded that alliances, with the involved countries, has an impact on expenditures. The general situation in the regions and geopolitical goals play a significant role. It is expedient to carry out an analysis of cost-effectiveness using expert approaches and econometric models that take into account not only GDP but also the overall state of the economy. This is because the cost effectiveness does not depend on their volume.<\/span><\/p>\n

Conclusions<\/b>. The analyses conducted by world economists argue that military spending assumes the role of a financial instrument against the recession and the stagnation of the economy by increasing effective demand or solving the problem of scarcity of consumption. Military expenditures create high alternative costs for consumption, investment, and other public expenditures. Moreover, military spending a serious burden on the budget and accelerates inflation. In particular, all these preconditions concern the implementation of economic analysis of the defense spending, their share in the state and their quality and orientation, such as the defense budget. We can conclude that it is necessary to construct complex econometric models of estimating the budgets of neighboring countries and regions, but they will need to take into account the theoretical and practical aspects of price determination, inflation, purchasing power parities, and different approaches to evaluating and converting budgets of different countries.<\/span><\/p>\n

Keywords<\/b>: military expenditure; military budget; financial support datasets; SIPRI; WMEAT.<\/span><\/p>\n

References:<\/strong><\/p>\n

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  1. Semenikhin, I. M., Medvedjev, Ju. B. & Vashhenko, I. V. (2006). Finansove zabezpechennja zbrojnykh syl v umovakh rynkovoji ekonomiky Ukrajiny<\/em>. Kyiv: Dim Dmytra Buragho [in Ukrainian].<\/li>\n
  2. Vykulov, S. F., Zhukov, G. P., Tkachev, V. N. & Ushakov, V. Ja. (2001). Voenno-ekonomycheskyj analyz<\/em>. Moscow: Voenyzdat [in Russia].<\/li>\n
  3. Fedosov, V. M. (1991). Ghosudarstvennye fynansy<\/em> [Ghosudarstvennye fynansy]. Kyiv; Lybidj [in Russia].<\/li>\n
  4. Andresjuk, B. P. (2002). Reformuvannja Zbrojnykh Syl na suchasnomu etapi<\/em>. Kyiv: Universytetsjke vydavnyctvo \u201cPuljsar\u201d [in Ukrainian].<\/li>\n
  5. Cheberiako, O. V. (2017). Finansove zabezpechennia oborony Ukrainy yak osnova natsionalnoi bezpeky v umovakh zbroinoi ahresii RF. Scientific Letters of Academik Society of Michal Baludansky<\/em>, 5(2), 49-58 [in Ukrainian].<\/li>\n
  6. Cheberyako, O. V. & Varnalii, Z. S. (2017). Financial Prerequisites And Assessment Of Defense Under The Conditions Of Russian-Ukrainian Hybrid War. Scientific Bulletin Of Polissia<\/em>, 1(4(12)), 143-149. doi:10.25140\/2410-9576-2017-1-4(12)-143-149.<\/li>\n
  7. Hatice Kara\u00e7ay \u00c7akmak\u00a0(2009).\u00a0A Theoretical Glance at Military Expenditures, Economic Research-Ekonomska Istra\u017eivanja<\/em>, 22(4), 118-127. doi:\u00a010.1080\/1331677X.2009.11517395<\/li>\n
  8. SIPRI Military Expenditure Database (2018). Stockholm International Peace Research Institute<\/em>. Retrieved from: https:\/\/www.sipri.org\/databases\/milex.<\/li>\n
  9. Yesilyurt, M. E. & Elhorst, J. P. (2017). Impacts of neighboring countries on military expenditures. Journal of Peace Research<\/em>, 54(6), 777-790. doi:10.1177\/0022343317707569.<\/li>\n
  10. Sandler, T., & Hartley, K. (2001). Economics of Alliances: The Lessons for Collective Action. Journal of Economic Literature, <\/em>39(3), 869-896. doi:10.1257\/jel.39.3.869<\/li>\n
  11. Phillips, B. J. (2014). Civil war, spillover and neighbors\u2019 military spending. Conflict Management and Peace Science,32<\/em>(4), 425-442. doi:10.1177\/0738894214530853<\/li>\n
  12. Noren, J. (2003) CIA\u2019s Analysis of the Soviet Economy, Chaper 2 of Watching the Bear, Essays on the CIA\u2019s Analysis of the Soviet Union<\/em>, edited by Gerald K Haines and Robert Legget Center for the Study of Intelligence monograph,.CIA.<\/li>\n
  13. Ferguson, N. T. N. & S. Perlo-Freeman (2015) The availability of military expenditure data, Chapter 9, SIPRI Yearbook 2015: Armaments, Disarmament and International Security<\/em>. Oxford University Press.<\/li>\n
  14. WMEAT World Military Expenditures and Arms Trade (2018). US Department of State. <\/em>Retrieved from: http:\/\/www.state.gov\/t\/avc\/rls\/rpt\/wmeat\/.<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row disable_element=”no”][vc_column][vc_column_text]Received:<\/strong> 24 February 2019<\/span><\/p>\n

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    Pakholchuk, V. (2019). Theoretical and Practical Approach to the Analysis of Financing Data of the Armed Forces of Ukraine and the other military formations. Modern Economics<\/em>, 13(2019), 201-206. DOI: https:\/\/doi.org\/10.31521\/modecon.V13(2019)-31.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<< Back to contents<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] JEL Classification: H50; H56. DOI: https:\/\/doi.org\/10.31521\/modecon.V13(2019)-31 [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_column_text]Pakholchuk Vadym, adjunct of the Department of military forces financial support, Military Institute of Taras Shevchenko National University of Kyiv, Ukraine ORCID ID: 0000-0002-9657-6148 e-mail: vadym.pakholchuk@univ.kiev.ua   Theoretical and Practical Approach to the Analysis of Financing Data of the Armed Forces of Ukraine and the Other Military Formations
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