Sustainable Business Development Perspectives. Proceedings of Scientific Papers

Kapitola

An alternative economic mechanism for the development of the corporate sector

Andrei Grimalyuk, Svitlana Danylina
Rok vydání: 2022

https://doi.org/10.5817/CZ.MUNI.P280-0197-2022-4
An alternative economic mechanism for the development of the corporate sector html, 100KB

Abstrakt

The main purpose of the article is to consider the strategy of development of the corporate sector in the broad historical context of the process of global capital accumulation. The methodological basis of research is a non-equilibrium approach to the analysis of the economy. The result of research is the theoretical model of a new economic mechanism for the development of the corporate sector. As an example of this alternative mechanism, the article uses a theoretical model for creating such an investment system in Ukraine with the active support of the international community. This model was developed at the Odessa National Economic University on the basis of the fact that the mechanism, which was not used under normal conditions can be used in extreme conditions of post-war time. At the center of the system is a development institution that actually acts as a central investment bank which does not issue loans, but buys shares in new corporate enterprises, thereby financing their creation, and then, when they start working, sells the enterprises into private hands.

Klíčová slova

corporate sector, capital accumulation, new corporate enterprises, investment system, war in Ukraine, post-war reconstruction

Reference

Abel, A.B., Bernanke, B.S., Croushore, D. (2020). Macroeconomics. New York: Pearson.

Alvarez, F., Lippi, F., Oskolkov, A. (2022). The Macroeconomics of Sticky Prices with Generalized Hazard Functions. The Quarterly Journal of Economics, 2, 989–1038. https://doi.org/10.1093/qje/qjab042

Bobko, A.M. (2021). Export of Ukrainian food: state, trends, prospects. Economy of Ukraine, 5, 70–79.

Buera, F., Kaboski, J., Shin, Y. (2021). The Macroeconomics of Microfinance. The Review of Economic Studies, 1, 126–161. https://doi.org/10.1093/restud/rdaa047

Coppola, A., Maggiori, M., Neiman, B., Schreger, J. (2021). Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens. The Quarterly Journal of Economics, 3, 1499–1556. https://doi.org/10.1093/qje/qjab014

Dunska, A. (2021). Export-Import Activity of Ukraine. Foreign trade, 3, 35–47.

Fisher, M. (2005). Saving and Investment. Toronto: AuthorHouse.

Geyets, V.M. (2014). Institutional Conditionality of Innovation Processes in the Industrial Development of Ukraine. Economy of Ukraine, 12, 4–12.

Gopinath, G., Stein, J. (2021). Banking, Trade, and the Making of a Dominant Currency. The Quarterly Journal of Economics, 2, 783–830. https://doi.org/10.1093/qje/qjaa036

Hanson, S., Lucca, D., Wright, J. (2021). Rate-Amplifying Demand and the Excess Sensitivity of Long-Term Rates. The Quarterly Journal of Economics, 3, 1719–1781. https://doi.org/10.1093/qje/qjab011

Herrendorf, B., Rogerson, R., Valentinyi, A. (2021). Structural Change in Investment and Consumption – A Unified Analysis. The Review of Economic Studies, 3, 1311–1346. https://doi.org/10.1093/restud/rdaa013

Keynes, J.M. ((1936) 2018). The General Theory of Employment, Interest and Money. London: Palgrave MacMillan.

Knight, F.H. ((1921) 2006). Risk, Uncertainty and Profit. New York: Dover Publications Inc.

Kuznyak, B. Ya. (2020). The Main Directions of Increasing the Productivity and Profitability of Agriculture in Ukraine. Economy of Ukraine, 8, 79–87.

Landau, A. (2011). The International Trade System. New York: Routledge.

Lehn, C., Winberry, T. (2022). The Investment Network, Sectoral Comovement, and the Changing U.S. Business Cycle. The Quarterly Journal of Economics, 1, 387–433. https://doi.org/10.1093/qje/qjab020

Mian, A., Straub, L., Sufi, A. (2021). Indebted Demand. The Quarterly Journal of Economics, 4, 2243–2307. https://doi.org/10.1093/qje/qjab007

Schmitt-Grohé, S., Uribe, M. (2021). Multiple Equilibria in Open Economies with Collateral Constraints. The Review of Economic Studies, 2, 969–1001. https://doi.org/10.1093/restud/rdaa023

Schumpeter, J.A. ((1955) 1987). History of Economic Analysis. New York: Routledge.

Suranovic, S. (2015). International Trade: Theory and Policy. Wash.: Saylor Foundation.