IDEAS home Printed from https://ideas.repec.org/a/aip/access/v5y2024i2p248-262.html
   My bibliography  Save this article

Financial aspects of socio-economic rejection in Ukraine in conditions of economic turbulence

Author

Listed:
  • Ganna LIKHONOSOVA

    (National Aerospace University "Kharkiv Aviation Institute", Kharkiv, Ukraine)

  • Iskra NENCHEVA

    (Trakia University, Stara Zagora, Bulgaria)

  • Taner ISMAILOV

    (D. A. Tsenov Academy of Economics, Svishtov, Bulgaria)

  • Agnieszka Katarzyna GORKA-CHOWANIEC

    (Jerzy Kukuczka Academy of Physical Education in Katowice, Katowice, Poland)

  • Milen MITKOV

    (Bulgarian Air Force Academy "Georgi Benkovski", Dolna Mitropolia, Bulgaria)

Abstract

Objectives. The relevance of the study of socio-economic rejection in Ukraine is determined by the increase in the number of factors of turbulence in the economy of Ukraine as a response to the degree of increasing uncertainty of financial security and the growth of Ukraine's debt indicators. The purpose of the article is to summarize and present the causes and forms of the phenomenon of socio-economic rejection in Ukraine at various levels of its manifestation through the prism of financial interpretation of the actual turbulence of the economy. Methods/Approach. The research was based on expert reviews and assessments of the state of the state budget, the amount of state debt, modern theoretical and methodological, regulatory and legislative aspects of the amount of international financial assistance; methods of dialectics, methods and principles of scientific knowledge, tools of statistical and economic analysis are used. Results. The obtained results of the research created a basis for substantiating the regularity and algorithms of the manifestation of the phenomenon of socio-economic rejection as a result of the growth of social tension, financial obligations and the ratio of the amount of public debt to the size of the country's gross domestic product. The trends of changes in the export potential of key global exporters were studied as criteria for forecasting financial capacity and dependence on external borrowing. The cost of public debt service was analyzed from the point of view of the impact of this indicator on the size of the public debt and the possibility of intensive development of the country's economy. It was established that, taking into account the laws of turbulent entropy logic, it is necessary to rely not on one trajectory of the development of the socio-economic and financial system, but on a set of the most likely development scenarios, including those that are unlikely. The practical value of the research results is related to a number of proposals for Ukraine's exit from the systemic crisis through qualitative changes in its leading idea: representation on the financial market, construction of the architecture of new target orientations, which form a new vector direction of development for the search for positive synergistic effects. Conclusions. It has been established that the primary means of leveling the manifestations of socio-economic rejection is the formation and observance of a state strategy for reducing the state debt, compliance with state guarantees, social obligations, which will guarantee social involvement, social justice and the economic effectiveness of the social contract with the population.

Suggested Citation

  • Ganna LIKHONOSOVA & Iskra NENCHEVA & Taner ISMAILOV & Agnieszka Katarzyna GORKA-CHOWANIEC & Milen MITKOV, 2024. "Financial aspects of socio-economic rejection in Ukraine in conditions of economic turbulence," Access Journal, Access Press Publishing House, vol. 5(2), pages 248-262, February.
  • Handle: RePEc:aip:access:v:5:y:2024:i:2:p:248-262
    DOI: 10.46656/access.2024.5.2(4)
    as

    Download full text from publisher

    File URL: https://journal.access-bg.org/journalfiles/journal/issue-5-2-2024/financial_aspects_of_socio-economic_rejection_in_ukraine_inconditions_of_economic_turbulence.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.46656/access.2024.5.2(4)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    socio-economic rejection; economic turbulence; public debt; export potential; gross domestic product; financial guarantees;
    All these keywords.

    JEL classification:

    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • G40 - Financial Economics - - Behavioral Finance - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aip:access:v:5:y:2024:i:2:p:248-262. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mariana Petrova (email available below). General contact details of provider: https://access-bg.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.