PUBLIC ADMINISTRATION: RESEARCH AND DEVELOPMENT
(electronic scientific journal)

ISSN(online): 2522-1752

PUBLIC ADMINISTRATION OF THE BALANCE OF THE ECONOMIC STRUCTURAL DEVELOPMENT IN THE CONTEXT OF CIVILIZATION’S WAVES

Author:

Povna Svitlana, Chernihiv National University of Technology, Chernihiv, Ukraine

Language: ukrainian

Annotation:

The factors that ensure the economic development of the country are investigated, and areas of government assistance in Ukraine in terms of subsidizing industries are analyzed. It was established that in Ukraine, instead of subsidizing industries with increasing returns (processing industry, new branches of the third wave of civilization), these industries during the analyzed period are being taxing with the increasing volume in the share of gross value added. Conversely, industries that have diminishing returns and depend of the natural conditions (primarily mining and quarrying), receive significant subsidies if there is a significant gross margin. So, we can say there is the wrong choice of spheres of the government support, which explain the lack of economic development and a significant drop in living standards.

Key words:

economic development, civilizational waves, subsidy direction, decreasing returns, increasing returns, public administration

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