Scientific and practical journal
УКР   ENG
Regional Economy
   



Journal Regional Economy -- re2020.02.005

Repository of Institute of Regional Research UDC 332.1:332.0553; JEL R11, H72, О18
Storonyanska, I. Z., & Benovska, L. Ya. (2020). Ekonomika rehioniv Ukrayiny pid diyeyu vyklykiv pandemiyi COVID-19 [The economy of the regions of Ukraine under the influence of the challenges of the COVID-19 pandemic]. Rehional'na ekonomika - Regional Economy, 96 (2), 5-16. DOI: https://doi.org/10.36818/1562-0905-2020-2-1. [in Ukrainian].
Sources: 16

Authors



Storonyanska Iryna Zenoviyivna

Doctor of Economics, Professor

Deputy Director for Scientific Work, Head of the Department of regional financial policy of the Dolishniy Institute of Regional Research of NAS of Ukraine

Contacts: istoron.ird@gmail.com, istoron@i.ua, (032)270-7043

Webpages:



Benovska Liliya Yaroslavivna

Ph.D. of Economics, Senior Researcher

Senior Researcher, Scientific Secretary of the unit of the Department of regional financial policy of the Dolishniy Institute of Regional Research of NAS of Ukraine

Contacts: lbenovska11@gmail.com

Webpages:

Resume

The pandemic caused by the COVID-19 has changed the trends of the world and domestic economy, the state of public finances, socio-cultural life of the population. The conditions for implementing the reform of administrative and financial decentralization initiated in the country have become more complicated. In such conditions, the growing epidemiological resilience of territorial communities is the most important competitive advantage of their development. The aim of the article is to study the development trends of Ukraine’s economy at the regional and local levels under the influence of the COVID crisis, to identify ways to overcome its negative consequences for the economy of regions and territorial communities. Methods. The following methods were used for the study: abstract-logical, comparative analysis, graphical visualization, statistical. The article analyzes the negative trends in the economy of the regions under the influence of quarantine measures introduced in connection with the COVID-19 epidemic: declining economic activity of industrial and agricultural enterprises, investment, regions’ export-import, and state and local budget revenues. The negative social effects of quarantine measures have been identified: a decrease in the average wage and the level of employment, an increase in the number of forced leave without pay. The article describes the features of state regulation of business activities in an epidemic and their impact on the content of state and local budgets. The paper emphasizes that the accelerated endogenous economic growth of territorial communities and the involvement in the economic turnover of resources not yet involved and their transformation into development assets is the way out of the situation. Ways of reorientation of business and state support of territorial communities are offered.

Keywords:

epidemic, entrepreneurship, budget revenues, region, territorial community

References

    
  1. Coronavirus government response tracker (2020). Blavatnik School of Government: Website. Retrieved from https://www.bsg.ox.ac.uk/research/research-projects/coronavirus-government-response-tracker
  2. Ukrayina pislya koronakryzy – shlyax do oduzhannya [Ukraine after the corona crisis – the path to recovery]: Abstracts of the scientific report (2020). Kyiv: NISS. Retrieved from https://niss.gov.ua/sites/default/files/2020-06/tezi_virus.pdf [in Ukrainian].
  3. Bluedorn, J., Gopinath, G., & Sandri, D. (2020, Apr 6). An Early View of the Economic Impact of the Pandemic in 5 Charts. IMFBlog: Website. Retrieved from https://blogs.imf.org/2020/04/06/an-early-view-of-the-economic-impact-of-the-pandemic-in-5-charts
  4. Roubini, N. (2020, Apr 6). This is what the economic fallout from coronavirus could look like. World Economic Forum: Website. Retrieved from https://www.weforum.org/agenda/2020/04/depression-global-economy-coronavirus.
  5. Azmuk, N. A. (2020). Tsifrovaya zanyatost’ v sisteme regulirovaniya natsional’noy ekonomiki [Digital employment in the system of regulation of the national economy]. Problemy ekonomiky – Problems of Economy, 1, 52-58. [in Russian].
  6. Oleshko, A. A., & Rovnyahin, O. V. (2020). Antykryzova polityka natsional’nykh derzhav u konteksti podolannya sotsial’no-ekonomichnykh naslidkiv Covid-19 [Anti-crisis policy of nation states in the context of overcoming the socio-economic consequences of Covid-19]. Efektyvna ekonomika – Efficient economy, 4. DOI: https://doi.org/10.32702/2307-2105-2020.4.9 [in Ukrainian].
  7. Inflyatsiynyy zvit [Inflation report] (2020). National Bank of Ukraine: Website. Retrieved from https://bank.gov.ua/admin_uploads/article/IR_2020-Q2.pdf?v=4&fbclid=IwAR1ZziNjvI3eg4v2fgX5tliVukIUJ4-H_Pfd_FRxF6YwUFUXD38vumoZxI [in Ukrainian].
  8. Valovyy vnutrishniy produkt u I kvartali 2020 roku: ekspres-vypusk [Gross domestic product in the first quarter of 2020: express issue] (2020, Jun 19). State Statistics Service of Ukraine: Website. Retrieved from http://www.ukrstat.gov.ua/express/expr2020/06/73.pdf [in Ukrainian].
  9. Vinokurov, Ya. (2020). Vtraty turystychnoyi haluzi Ukrayiny cherez koronavirus mozhut’ sklasty $1,5 mlrd – uryad [Losses of the tourism industry of Ukraine due to coronavirus may amount to $ 1.5 billion – the government]. Hromadske: Website. Retrieved from https://hromadske.ua/posts/vtrati-turistichnoyi-galuzi-ukrayini-cherez-koronavirus-mozhut-sklasti-dollar15-mlrd-uryad [in Ukrainian].
  10. Koronavirus: vplyv pandemiyi na ahrosektor [Coronavirus: the impact of the pandemic on the agricultural sector]. AgroPolit.com: Website. Retrieved from https://agropolit.com/blog/372-koronavirus-vpliv-pandemiyi-na-agrosektor-onovlyuyetsya [in Ukrainian].
  11. Sytuatsiya na rynku pratsi ta diyal’nist’ derzhavnoyi sluzhby zaynyatosti u sichni-chervni 2020 roku [The situation on the labor market and the activities of the state employment service in January-June 2020] (2020). State Employment Center: Website. Retrieved from https://www.dcz.gov.ua/analitics/67 [in Ukrainian].
  12. Vplyv karantynu na ekonomiku Ukrayiny [The impact of quarantine on the economy of Ukraine] (2020). Opendatabot: Website. Retrieved from https://opendatabot.ua/business-quarantine [in Ukrainian].
  13. Оpen budget: Website (2020). Retrieved from https://openbudget.gov.ua [in Ukrainian].
  14. Pro vnesennya zmin do deyakykh zakonodavchykh aktiv Ukrayiny, spryamovanykh na zapobihannya vynyknennyu i poshyrennyu koronavirusnoyi khvoroby (COVID-19) [On amendments to certain legislative acts of Ukraine aimed at preventing the occurrence and spread of coronavirus disease (COVID-19)] (2020). Law of Ukraine, adopted on 2020, Mar 17, 533-IX. Legislation of Ukraine: Website. Retrieved from https://zakon.rada.gov.ua/laws/show/533-20 [in Ukrainian].
  15. Kravtsiv, V. S. (Ed.) (2016) Administratyvno-terytorialnyi ustrii Ukrainy: metodolohichni osnovy ta praktyka reformuvannia [Administrative-territorial structure of Ukraine: methodological foundations and practice of reform]. Lviv: Institute of Regional Research of the NAS of Ukraine. [in Ukrainian].
  16. Storonyanska, I., & Benovska, L. (2014). Efektyvnist’vykorystannya finansovykh resursiv mistsevykh byudzhetiv: problemno-oriyentovanyy analiz [Efficiency of using financial resources of local budgets: problemoriented analysis]. In Stratehichni priorytety [Strategic priorities]:Vol. 1 (pp. 84-90). [in Ukrainian].


Web Master P. Popadiuk