International Journal of Innovative Technologies in Economy

FINANCING HEALTHCARE SYSTEM IN AZERBAIJAN AND FUTURE PERSPECTIVES OF IMPLEMENTATION COMPULSORY HEALTH INSURANCE MECHANISM

Saida Huseynova — 2020-11-06

Insurance relations are one of the most important elements of the market relations system. In the context of market relations, the principles of insurance, development of insurance market and expansion of insurance services are important factors. The study was aimed to determine the ways of attracting resources for the protection, strengthening and provision of health care of population by the means of health insurance.
Furthermore, the value and quality of resources allocated by both state and other market players, and the effectiveness of their use in the health sector have been analyzed. Moreover, the fundamental models that considered as a ground for different insurance systems has been superficially touched by the author. The mechanism of applying compulsory health insurance in Azerbaijan as a pilot project and the project’s outcomes were taken into consideration while conducting a research.

REFORM IN UKRAINE. INTERNATIONAL JOURNAL OF INNOVATIVE TECHNOLOGIES IN ECONOMY

Kyreitseva O. V. — 2020-11-13

The article examines theoretical foundations of land reform in Ukraine. The legislation on land, rights protection of land owners, foreign experience of reforming land resources of states are analyzed. It is determined that the most important reason for the imbalance of our country's economy is the imperfection of unilateral land reform, resulting in large number of agricultural enterprises of various forms of ownership and management, which use agricultural land mainly for maximum self-enrichment, while neglecting technological norms of agricultural production as well as norms of rational land use. It is determined that foreign investors, companies with the necessary knowledge and equipment, are unsure to invest in Ukraine due to imperfect legal guarantees. The favorable legal climate is needed for improvement of agricultural sector. The land issue is largely political. The experience of foreign countries, which offer the number of alternative methods, is valid, in particular, by establishing the permit procedure for the alienation of land, the preemptive right to purchase, tax levers, and so on. It is determined that results of land reform are assessed by identifying the social, economic and environmental consequences, which are considered in physical and qualitative terms. The consequences of land reform are manifested in real economy and have the long-term impact not only on it but also on life of society. Its complex nature and acute social significance require special attention to the place of urban and rural self-government, state bodies in regulating the land market and land relations in the country. Today, results of land reform are mostly assessed in terms of quantitative characteristics with qualitative changes either not considered or determined superficially.

MODERN DEVELOPMENT TRENDS OF THE FOREIGN TRADE IN THE CONTEXT OF POLAND AND AZERBAIJAN

Toghrul Allahmanli — 2020-11-12

The collapse of the Soviet empire led countries to gain their independence. Azerbaijan was one of these countries in a country with a very centuries-old history. The Republic of Azerbaijan, which declared its independence in 1991, underwent reforms to restore its economy. The main goal was to change the mechanism of governing the economy left over from Communism. He first signed the Contract of the Century in 1994. At the same time, it stimulated the development of not only economic relations but also international relations. At the same time, the genocide committed by Armenians in 1989 was a great blow to the people of Azerbaijan. It has been 30 years since the occupation of up to 20% of the territory of Azerbaijan and the failure of the Armenians to return the occupied lands.
At a time when capitalism is at its peak in the age of globalization, the unexpected COVID-19 virus, which has frightened the whole world, is causing unexpected damage to the world economy. One of them was Azerbaijan. At a time when capitalism is at its peak in the age of globalization, the unexpected COVID-19 virus, which has frightened the whole world, is causing unexpected damage to the world economy. One of them was Azerbaijan. The shrinking of Azerbaijan's economy to 4% will lead to the development of new reforms in one way or another.
Azerbaijan's economy, based on a market economy, will be hampered by both a pandemic and the fact that the neighboring country is at war. According to forecasts, the country's economy is expected to shrink by 10%.
Azerbaijan's relations with Poland, one of its main Western allies, are helping both in economic and other terms. Azerbaijan is a country with its products in the European market. Relations with Poland, a key partner, are growing stronger.

ANALYSIS OF THE NORMATIVE-LEGAL MECHANISM OF STATE REGULATION OF INNOVATIVE DEVELOPMENT OF TRADE AND INDUSTRIAL GROUPS IN UKRAINE

Hibadullin Oleksiy Volodymyrovych — 2020-11-23

The purpose of the article is to study the current state of the legal mechanism of trade and industrial group innovative development state regulation in Ukraine. The methodological basis of the work is a structural and functional analysis of regulations of Ukraine with the aim to determine the modern principles, structure and functions of the regulatory mechanism of trade and industrial group innovative development state regulation in Ukraine. The study allowed the author to determine the legal basis for the existence, regulation and innovative development of trade and industrial groups, the theory and practice of application of the regulatory mechanism of state regulation. The study has found that most of the documents that make up the legal mechanism are descriptive and declarative in nature, are mostly focused on command-and-control principles of public regulation, do not take into account the principles of public-private partnership and do not meet the requirements and challenges of today. The existing imperfection of the regulatory framework leads to inconsistencies of public and private interests, creates a basis for irrational use of resources, threatens the state with a loss of economic, scientific and technological potential. According to the results of the study, it is proposed to audit the existing legal field concerning innovation development, adapt regulatory documents to current challenges and requirements of today, harmonize regulations, normalize gaps in the current legislative field to improve the establishment and operation of innovation infrastructure, and develop guidelines about establishment and operation of such infrastructure, which would be based on the principles of public-private partnership.

ASSESSING THE FINANCIAL SUSTAINABILITY OF THE PENSION SYSTEM OF GEORGIA AND EU27 COUNTRIES AND DEVELOPMENT PROSPECTS IN THE CONDITIONS OF ECONOMIC SHOCKS CAUSED BY COVID-19

Maka Ghaniashvili — 2020-11-28

Against the background of ongoing demographic change around the world, pension policies have acquired special significance in recent decades. Along with prolonging the population life and reducing the birth rate, the need to reform pension systems has become on the agenda, its main goal is to reduce fiscal pressure in macroeconomic terms, and on a micro scale, ensuring a decent old age with adequate income for retirees. According to the International Monetary Fund the share of state pensions in the GDP of developed and emerging economies will increase by 1-2.5% by 2050. Which calls into question the financial sustainability of many countries' pension systems. In the following study, in parallel with the current events in the world (which implies the economic crisis caused by Covid-19), we will assess the financial sustainability of the Georgian pension system together with the pension systems of E27 countries and determine possible directions for the development of pension systems in the face of economic shock.

COMPLEX MECHANISM OF STATE REGULATION OF DEVELOPMENT OF ECONOMIC POTENTIAL OF TERRITORIES IN UKRAINE

Latynin M. A. — 2020-11-22

The article reveals aspects of the formation of a complex mechanism of state regulation of territories economic potential development in Ukraine by improving the tools of its legal, organizational, informational, social and economic components. It is emphasized that the use of a separate functional mechanism significantly narrows the planned desired future outcome of transformations. It is proved that the combination into a single complex mechanism will ensure the highest efficiency of the public administration system, capable of self-reproduction in the long run. Practical recommendations for improving functional mechanisms as built-in elements of a complex mechanism of state regulation of territories economic potential development in Ukraine are given, which will improve the quality of executive bodies and local governments, will form the basis of modern business partnerships, strengthen economic opportunities at the local level in economic, social and environmental dimensions. It should reflect the strategic orientations of state building, be preventive in relation to future changes, take into account the turbulence of the external environment and give every citizen an awareness of stability and responsibility for the future of their own community.

THE IMPACT OF CHANGES IN ECONOMIC CYCLES IN THE DEVELOPMENT OF SOCIO-ECONOMIC SOCIETY, ESPECIALLY DURING A PANDEMIC

Mardanova Rano Isakovna — 2020-12-07

Cyclical fluctuations in the market economy have been the focus of attention of researchers for many years. Today, the process of reproduction is becoming cyclical, which is a problem of interest of all economic agents. The purpose of the article is to reveal the main causes of economic cycles, their nature and to show the effect of cyclical fluctuations on the production process and employment, as well as in the development of a new socio-economic society as a whole. The article shows the essence of each stage, their disadvantages and advantages, influence on the formation of a creatively developed person.

THE INFLUENCE OF DEVIANT FORMS OF DEVELOPMENT OF ENTREPRENEURIAL ENVIRONMENT ON THE ECONOMIC SECURITY OF UKRAINIAN ENTERPRISES

Grinko A.P. — 2020-12-09

The article reveals the role of permanent monitoring of the exogenous environment for deviant forms of business environment development in order to develop and adjust the mission, strategy, operational measures of anti-inflation and anti-crisis nature to ensure economic security of economic entities. For this purpose, the evolution and essence of corruption are considered, as this fact not only reflects the negative trends in society, but also hinders the full progressive economic and political development of the state. Also, the existence of corruption and the generation of huge corruption losses in the course of corrupt interaction of corrupt officials with entrepreneurs and citizens can lead not only to direct social losses, but also to distort the institutional foundations of society, which negatively affects the economic security of enterprises. The analysis of deviant forms of business environment development is carried out and it is established that corruption is the most significant problem for business development in Ukraine. The consequences of this problem have been identified, which include the shadowing of business, the prevalence of illegal schemes and means of influence, the despair of a large number of entrepreneurs, which threatens the public system with destruction and leveling of the domestic legal system.

NATIONAL FINANCIAL SYSTEM ANALYSIS IN TERMS OF THE COMPLEX SYSTEMS THEORY

Viorica Lopotenco — 2020-12-09

The recession caused by the pandemic and the vulnerabilities faced by the entire international monetary system and the national financial systems requires a particular approach to analyzing the current situation and the design of new developments. Based on these arguments, we set out to investigate national financial systems from the perspective of complex systems theory.
Following the research, we concluded that understanding the nature and characteristics of the manifestation of synergistic effects allows organizing the financial system's management at a new quality level, based on the concepts of discretion and stability of development trajectories of the world economy.

ALTERNATIVE SOURCES OF INFORMATION TO SUPPORT A SET OF STATISTICAL INDICATORS OF THE BOOK PUBLISHING

Olena Horobets — 2020-12-11

Issues of supporting the book publishing as an economic activity by a set of statistical indicators are investigated. It is found out that the existing set of statistical indicators does not meet the needs of researchers and practitioners, which is the case of not only Ukraine, but the global book publishing area. The case of the Ukrainian book publishing is taken for analysis to identify core problems faced by this industry. It is emphasized that a comprehensive study of the book publishing industry and presentation of the statistical information with high level of quality and aggregation requires the involvement of new alternative sources of data, of which big data should be highlighted. The component of scientific novelty is that an updated system of statistical indicators is proposed for the first time, with eight modules of sources of statistical information as alternative ones: questionnaires, electronic books, digital libraries, websites of publishers and bookstores, electronic diaries of reading (Goodreads as an example), social networks (Instagram, Facebook, Telegram (open channels)), video hosts (YouTube being the most popular one), and blogs. It is stressed that all the modules of alternative data must be involved for obtaining reliable data, where output data will be processed anew and have direct and reverse links, which will require the use of neural networks with efferent type of links. This statistical support to the book publishing industry is an innovation designed to meet urgent needs of the public and official statistics.

CRITERIA VALUATION OF MANAGEMENT SOLUTIONS FOR INNOVATION AND INVESTMENT DEVELOPMENT OF THE ENTERPRISE UNDER CONDITIONS OF UNCERTAINTY AND CONFLICT

Pavlo Demchenko — 2020-12-11

In today's complex conditions of enterprise operation, innovation processes in most of them are characterized by a set of complex complex organizational measures, which can be implemented only in the implementation of sequentially parallel information-saturated stages of making various management decisions. The article improves and further develops the criterion evaluation of economic decisions on innovation and investment development of the enterprise under conditions of uncertainty and conflict of production and financial and economic processes while taking into account the peculiarities of investment and innovation processes. Based on research papers, the article improves the classification of decision criteria based on the methods of potential theory and the principles of maximum uncertainty functions and inaccuracy functions, which are related to the values of the estimation functional, characteristics of Bayesian sets and Bayesian surfaces.
It is proved that for the formation of criteria for certain aspects of ensuring the appropriate level of innovation and investment development of industrial enterprises in modern economic conditions it is advisable to use decision criteria based on methods of obtaining point estimates of the unknown vector of a priori probability distribution in a set. It is proposed to use the Khomenyuk criterion, as well as the Rosenbluth and Herfindahl-Hirschman indices, which are used in determining the indicators of evaluation of the results of economic activity of mining and processing enterprises of Ukraine. The calculations allowed to determine the company with the most stable level of innovation and investment development during the study period. Based on the research, it is concluded that the results of assessing the level of stability of sustainable innovation and investment development of mining and processing enterprises taking into account the risk obtained using the proposed methodological approach can be used for further development of methodology for criterion evaluation of business decisions and conflict in the course of production and financial and economic processes.

LINEAR ECONOMY AND CIRCULAR ECONOMY - CURRENT STATE ASSESSMENT AND FUTURE VISION

David Gubeladze — 2020-12-13

Economic Research of Agricultural Activities in Georgia, based on the experience of developed countries, it has become apparent that the key to comprehensive management of economic efficiency is the transition to a circular economy, which implies the creation of an alternative model to the traditional linear economy. In the proposed model, agricultural products will have maximum use in terms of yield, and the remaining agricultural products, given the value of each production cycle, are given the opportunity for new consumption after processing. The purpose of this paper is to present a new model of effective economic management of agricultural production based on the principles of circular economy.

IMPROVING THE MECHANISM OF USING THE PRICE FACTOR IN THE EFFECTIVE REGULATION OF AGRICULTURAL PRODUCTION ON THE BASIS OF FUZZY LOGIC

Rahib Imamguluyev — 2020-12-13

When studying the role of the price mechanism in the sustainable development of the economy, in accordance with the requirements of the modern economic mechanism, first of all, attention should be paid to the issue of state regulation of prices. The attitude to state regulation of prices is ambiguous. Existing control over the implementation of state regulation of the prices of a group of products based on the social protection of the population and the economic interests of the state, and economic legitimacy is sometimes perceived as a violation of economic democracy. However, the analysis of the role of the price factor in economic development proves that this idea has no basis. Thus, it is not possible to make accurate calculations so that the price of the product can change at any time for various reasons. Therefore, it is advisable to approach these calculations on the basis of fuzzy logic.

INNOVATION AND TECHNOLOGICAL ORIENTATION OF THE ECONOMIC EDUCATIONAL SYSTEM

Konul Ibrahimova — 2020-12-14

The formation of the concept of knowledge management in the system of modern universities and educational production processes and the improvement of the quality of modern education necessitate the development of new integrated structures acting in accordance with the dynamic changes in the functioning of the economic education system and aimed at integration with other scientific structural divisions.Development in the domestic scientific and technical sphere is influenced by the limited use of innovations in the commercial activities of firms and companies, as an important component of the economic system, which requires the development of a set of measures and the creation of specialized infrastructural facilities that increase the effectiveness of the transfer of scientific research.

IS THE SUCCESS OF THE AUDIT DETERMINED BY THE AUDITOR'S EMOTIONAL INTELLIGENCE?

Rapina Rapina — 2020-12-15

The success or failure of the audit activities carried out by the auditor is known as audit quality. An audit is considered qualified if it is carried out in accordance with applicable auditing standards or regulations. There are several factors that can affect audit quality and one of them is emotional intelligence which will be the independent variable in this study. This study was conducted to test and analyze the influence of emotional intelligence on audit quality at the Public Accounting Firm in Bandung. The data used in this study are primary data obtained from distributing questionnaires to 48 partners of the Public Accounting Firm as respondents who participated in filling out the questionnaire. Data analysis in this study used a structural equation model - PLS. The results showed that emotional intelligence has a significant effect on audit quality.

DETERMINING THE MAIN PARAMETERS OF THE EFFICIENCY OF THE TOURISM MARKET AND HOTEL BUSINESS

Ilkin Gahramanov — 2020-12-16

The experience of managers, their traditions, analysis of competitors' marketing costs play an important role in the implementation of marketing activities of facilities. Due to the fact that marketing costs make up a significant part of the budget of facilities, it is necessary to monitor the effectiveness of the marketing strategy, ie the costs of its implementation should always be compared with the results of the work. It also enhances brand loyalty by creating a certain emotional connection between the brand and the consumer. The marketing strategy of a firm operating in a competitive tourism services market should be aimed primarily at establishing long-term relationships with the customer.

METHODOLOGY FOR DEVELOPING MECHANISMS AND TOOLS IN THE MARKETING MANAGEMENT SYSTEM

Cinara Kocarieva — 2020-12-18

In practice, a systematic approach is needed that allows you to combine the assessment and further changes in marketing activities. Such an approach should take into account the adoption of managerial decisions regarding improving the efficiency of marketing based on a system of assessment indicators, both marketing activities and the business as a whole, and provide for a program of coordinated changes in business and marketing, which allows to improve these indicators. taking into account the characteristics of the external environment and the resource potential of the enterprise. The result of using this approach is a more efficient state of marketing and business systems, ensuring their interconnection and coordination, taking into account market conditions. The development and implementation of a systematic approach contributes to the application of the theory and methodology of change management in the context of increasing the effectiveness of marketing activities.

FORMATION AND MANAGEMENT OF THE PERSONNEL PROVISION PROCESS IN AGRICULTURAL ENTERPRISES

Kotelnikova Iuliia Mykolayivna — 2020-12-18

The purpose of the scientific research is to form the process of personnel provision at the agricultural enterprise and personnel management of the agricultural enterprise to increase its efficiency, identifying key components of personnel provision and their impact on the effective activity of the enterprise. As a result of the study, the place of Ukraine as a country-exporter of agricultural products, especially cereals, in the world space was shown. The market trends of the agricultural sector of Ukraine for 2014 – 2019 are analyzed. The key problems of the agricultural labor market are identified. An organizational scheme-algorithm for the formation of the process of effective personnel provision at agricultural enterprises is proposed, considering the main stages, which is based on a systematic approach. Within the framework of the system-process approach, it is proposed to implement the PDCA methodology, which allows effectively manage the activities of an enterprise on a systematic basis for further effective management of the personnel provision at an agricultural enterprise. Also, significant components of the personnel provision process are identified and, using the analytic hierarchy process (AHP), the influence of these components on the key performance indicators of each individual enterprise are revealed.

CONCENTRATION AS A FACTOR IN THE FORMATION OF ECONOMIC EFFICIENCY OF MILK PRODUCTION IN AGRICULTURAL ENTERPRISES

Anatoliy Moskalenko — 2020-12-21

The purpose of the research is to assess the impact of the level of production concentration in dairy farming on its efficiency. The study was conducted on the example of agricultural enterprises of Kharkiv and Chernihiv regions of Ukraine. Theoretical provisions concerning the influence of production concentration on various aspects of efficiency were generalized in the article. It is emphasized that this process is objective and takes place in different countries. The advantages of large milk production enterprises are in greater opportunities for the use of technical means and savings at the level of fixed costs.
The study has found that there is a clear relationship between the grouping criterion and the value of profitability, productivity of cows, based on the analysis of factual data on the results of agricultural enterprises grouping as to the volumes of milk sale. This dependence is direct. In addition, the relationship between the grouping indicator and the growth of milk production per 100 hectares of agricultural land, production intensity is quite clearly stated. In Kharkiv region, these dependencies are clearer.
The scientific value of the research results lies in their practical orientation, considering the established dependencies when planning both the level of concentration, and milk production intensity in agricultural enterprises.

CORPORATIZATION AS A PREREQUISITE FOR THE FORMATION AND DEVELOPMENT OF THE INTEGRATION ECONOMY

Tkachuk Natalia Mykolayivna — 2020-12-22

The article considers the essence of corporatization in the context of the formation of the integration economy. Emphasis is placed on the integrative feature of the economy. The theoretical essence of integration and its economic nature are revealed. The features of the economic system according to the system approach are revealed. Emphasis is placed on such properties of the economic system as: integrity, hierarchy and integrativity. It has been found that the integrative nature of the economy presupposes the possession of an economic system with such properties that are not inherent in its individual elements. It is emphasized that the formation of corporate ownership and the organization of economic relations have formed an adequate environment and initiated the process of consolidation in the economy. It is proved that the corporatization of the economy removes obstacles to the spatial framework and pace of economic development, forms a new corporate look of the market system and generates integration processes between companies. It is argued that corporatization generates integration processes in the economic system and finds expression in the consolidation of economic entities in the form of mergers and acquisitions. Consolidation has been found to be closely linked to market corporatization. The causal links of consolidation with the functioning of corporate business, which is a prerequisite for the development of an integrated economy, have been studied. It is emphasized that consolidation contributes to the integration processes of the state's economic growth.