{"id":13737,"date":"2020-05-20T18:50:13","date_gmt":"2020-05-20T15:50:13","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=13737"},"modified":"2020-07-20T01:34:32","modified_gmt":"2020-07-19T22:34:32","slug":"economic-system-management-of-the","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/economic-system-management-of-the\/","title":{"rendered":"Kozachenko, L., Kramarenko, I. & Kyrylenko, A. Economic System Management of The Black Sea Region Efficiency as a Significant Development Tool of Investment Potential"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification<\/strong>: E22, E27, R10, R11
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V20(2020)-21<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]<\/p>\n

Kozachenko Liliia<\/strong>, Ph.D. (Economics), Associate Professor, Associate Professor of the Department accounting and taxation, Mykolaiv National Agrarian University, Mykolaiv, Ukraine<\/p>\n

ORCID ID<\/strong>: 0000-0003-3645-4066<\/a>
\ne-mail<\/strong>: kozachenko15@ukr.net<\/a><\/p>\n

Kramarenko Irina<\/strong>, Ph.D. (Economics), Associate Professor, Dean of the Faculty of Law and Social and Information Technologies, Mykolaiv Interregional Institute of Human Development of the \u201cUkraine\u201d University, Mykolaiv, Ukraine<\/p>\n

ORCID ID<\/strong>: 0000-0002-0417-0918<\/a>
\ne-mail<\/strong>: \u0406rinamk86@gmail.com<\/a><\/p>\n

Kyrylenko Anna<\/strong>, applicant for higher education of Accounting and Finance Faculty, Mykolaiv National Agrarian University, Mykolaiv, Ukraine<\/p>\n

e-mail<\/strong>: annakirilenko9633@ukr.net<\/a><\/p>\n

Economic System Management of The Black Sea Region Efficiency as a Significant Development Tool of Investment Potential<\/h2>\n

 <\/p>\n

Abstract. Introduction<\/strong>. Insufficient efficiency of systems of inter-regional distribution of income and resources, lack of sustainable structural and innovative shifts in the development of regional economy, insufficient efficiency of financial and investment mechanisms to overcome crisis phenomena, imbalance of production potential create obstacles to restructuring and modernization of economic complexities of economic complex and ensuring the efficient use of the region’s resource potential.<\/p>\n

Purpose<\/strong>. The purpose of the article is to justify the effectiveness of economic system management of the Black Sea region as a significant development tool of investment potential.<\/p>\n

Results<\/strong>. It is proved that development of the strategic decisions on improving management mechanisms of economic system of the region should be based on the results of continuous monitoring of the main indicators in socio-economic development of the region, giving grounds for development of priority actions and comprehensive strategic solutions to improve the management mechanisms of the economic system of the region. Methodological approaches in evaluating management effectiveness of the economic system of the region in transformational conditions have been developed, that allows to determine the current level regarding similar indicators, which was achieved inside the country and their trends under the influence of regional factors, to form “economic system management profile”, identify strong and weak points. Efficiency diagnostics of economic system management by oblasts in the Black Sea region was performed in accordance with the author’s approach. Based on the results of the analysis, it was determined, that the effectiveness of managing the economic system in all oblasts in the Black Sea region is approximately at the same level, which is 20 percent lower than the reference values for Ukraine. Negative is decrease in overall management efficiency in 2017 compared to 2015 in Mykolaiv and Kherson oblasts by 3.6 and 3.3%. Odessa oblast shows a certain growth (9.8%). However, within each of the oblasts there are certain problems that can be solved to improve region management efficiency.<\/p>\n

Conclusions<\/strong>. It is proved that one of the most important strategic tasks that our country faces is to create a favorable investment climate as a basic prerequisite for launching active processes of development, reproduction and effective use of investment potential at all levels. The possibility of the country’s exit from the recession, structural adjustment and improving competitiveness of the national economy and its further socio-economic dynamics depends on the implementation of this task.<\/p>\n

Keywords<\/strong>: management efficiency; economic system; \u00abeconomic system management profile\u00bb; investment potential; the Black Sea region.<\/p>\n

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

    \n
  1. Kuzminchuk, N. V. & Kutsenko, T. M. (2016). Approaches to diagnostics of socio-economic potential of the region as a basis for effective management strategy. Marketing and innovation management, <\/em>4, 269-284 [in Ukrainian].<\/li>\n
  2. Soltisik, O. O. (2017). Systematic modeling of sustainable development of the region. Market infrastructure,<\/em> 7, 419-424 [in Ukrainian].<\/li>\n
  3. Brodskaya, D. V. (2012). Assessment of enterprise productivity as a component of the system of ensuring its effective functioning. Bulletin of Dnipropetrovsk University, <\/em>6 (4), 111\u2013117 [in Ukrainian].<\/li>\n
  4. Zavinovskaya, G. T. (2003), Labor economics.<\/em> Kyiv: KNEU [in Ukrainian].<\/li>\n
  5. Trut, O. O. (2014). Management criteria and performance measurement indicators of the organization. Trade, commerce, entrepreneurship,<\/em> 17, 153-156 [in Ukrainian].<\/li>\n
  6. Regions of Ukraine: Statistical Collection (2018). State Statistics Service of Ukraine.<\/em> Retrieved from http:\/\/www.ukrstat.gov.ua [in Ukr.]<\/li>\n
  7. Monitoring of socio-economic development of regions for 2017 (2017). Retrieved from http: \/\/www.minregion.gov.ua\/wp-content\/uploads\/2018\/05\/Reytingova-otsinka-za-2017-rik-prezentatsiyni-materiali.pdf [in Ukr.].<\/li>\n
  8. Report on implementation of the program of socio-economic and cultural development of the Odessa region for 2017 (2017). Retrieved from https:\/\/oda.odessa.gov.ua\/statics\/pages\/files\/5b028891cfb75.pdf [in Ukr.].<\/li>\n
  9. Report on the implementation of the socio-economic development plan of Mykolaiv region for 2017 (2017). Retrieved from http:\/\/www.mk.gov.ua\/store\/files\/1519830960.pdf [in Ukr.]<\/li>\n
  10. Report on implementation of the plan of socio-economic development of Kherson region for 2017 (2017). From http:\/\/khor.gov.ua\/749-pro-zviti-shhodo-rezultativ-vikonannya-planu-zahodiv-z-realizatsiyi-u-2016 -2017-rokakh-strategiyi-rozvitku-hersonskoyi-oblast-2020-rok [in Ukr.]<\/li>\n
  11. Mazur, A. B. (2016). Management of economic development of regions of Ukraine. Social Economy,<\/em> 2, 103-108 [in Ukrainian].<\/li>\n
  12. Kramarenko, I. S. (2019). Formation and development of regional investment potential in conditions of structural transformations of economy: theory, methodology and practice.<\/em> Nikolaev: FOP Shvets V.M.[in Ukrainian].<\/li>\n
  13. Kramarenko, I. S., Senkevich, O. F. & Voit, D. S. (2020). Strategic dominants of investment potential formation and development: regional and national features. Black Sea Economic Studies,<\/em> 50\/1, 167-175 [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 09 April 2020<\/p>\n

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    Kozachenko, L., Kramarenko, I. & Kyrylenko, A. (2020). Economic System Management of The Black Sea Region Efficiency as a Significant Development Tool of Investment Potential. Modern Economics<\/em>, 20(2020), 130-136. DOI: https:\/\/doi.org\/10.31521\/modecon.V20(2020)-21.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: E22, E27, R10, R11 DOI: https:\/\/doi.org\/10.31521\/modecon.V20(2020)-21 [\/vc_column_text][vc_column_text] Kozachenko Liliia, Ph.D. (Economics), Associate Professor, Associate Professor of the Department accounting and taxation, Mykolaiv National Agrarian University, Mykolaiv, Ukraine ORCID ID: 0000-0003-3645-4066 e-mail: kozachenko15@ukr.net Kramarenko Irina, Ph.D. (Economics), Associate Professor, Dean of the Faculty of Law and Social and Information Technologies, Mykolaiv Interregional Institute
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