IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2020i4p144-157.html
   My bibliography  Save this article

Tools of the Financial and Economic Mechanism for the Balanced Use of Forestry Land in Ukraine

Author

Listed:
  • Orest Furdychko

    (Institute of Agroecology and Nature Management of NÐ Ð S, Kyiv, Ukraine)

  • Oksana Drebot

    (Institute of Agroecology and Nature Management of NÐ Ð S, Kyiv, Ukraine)

  • Nina Palianychko

    (Institute of Agroecology and Nature Management of NÐ Ð S, Kyiv, Ukraine)

  • Stepan Dankevych

    (Institute of Agroecology and Nature Management of NÐ Ð S, Kyiv, Ukraine)

Abstract

This article presents the author's point of view for to improve of the tools of the financial and economic mechanism of balanced use of forestry land with a description of foreign experience and the definition of priorities for Ukraine. The purpose of the study is to provide a theoretical and methodological justification of the characteristics and organizational and economic factors of improving the tools of financial and economic mechanism and their impact on ensuring balanced use of forestry land. Methods used: dialectical method of cognition – for the analysis of laws and regulations and scientific works of scientists on the issue of balanced use of forest land; analysis of the most pressing problems of functioning of economic and financial tools of the financial and economic mechanism of balanced forestry land use in comparison with the European experience; synthesis and logical generalization of conceptual bases of necessity and preconditions for improving tools; monographic – to identify factors for improving tools; graphical, correlation-regression analysis; abstract-logical theoretical generalizations and formulation of conclusions; method of analogies – the transfer of influences that have been found in other territories with similar objects and properties, to the territory under consideration. It was substantiated that adaptation of foreign experience, introduction of international standards to ensure balanced use of forestry land are impossible without the use of such scientifically grounded and environmentally balanced components of the financial and economic mechanism as environmental, economic, financial and organizational tools. Based on foreign experience, a basis has been prepared for improving the taxation of forestry land use in Ukraine. It was proposed to adopt foreign experience regarding the functioning of the economic and organizational instruments of the financial and economic mechanism for the balanced use of forest lands by creating and registering a commodity right to carbon in forests, trading it and monitoring it.

Suggested Citation

  • Orest Furdychko & Oksana Drebot & Nina Palianychko & Stepan Dankevych, 2020. "Tools of the Financial and Economic Mechanism for the Balanced Use of Forestry Land in Ukraine," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 144-157, December.
    • Handle: RePEc:iaf:journl:y:2020:i:4:p:144-157
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/801-instrumenti-finansovo-ekonomichnogo-mehanizmu-zbalansovanogo-vikoristannya-zemel-lisogospodarskogo-priznachennya-ukraini.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/801/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Igor Lytsur & Sofia Tkachiv, 2016. "World experience of use of the mechanism of fiscal regulation in forestry," Economics of Nature and the Environment, Mykhaylo Khvesyk, pages 137-144.
    2. Unknown, 2016. "Energy for Sustainable Development," Conference Proceedings 253270, Guru Arjan Dev Institute of Development Studies (IDSAsr).
    3. Jezierska-Thöle, Aleksandra & Rudnicki, Roman & Kluba, Mieczysław, 2016. "Development of energy crops cultivation for biomass production in Poland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 534-545.
    4. Ochieng, R.M. & Visseren-Hamakers, I.J. & Brockhaus, M. & Kowler, L.F. & Herold, M. & Arts, B., 2016. "Historical development of institutional arrangements for forest monitoring and REDD+ MRV in Peru: Discursive-institutionalist perspectives," Forest Policy and Economics, Elsevier, vol. 71(C), pages 52-59.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fang Yan & Kaili Xu & Deshun Li & Zhikai Cui, 2017. "A novel hazard assessment method for biomass gasification stations based on extended set pair analysis," PLOS ONE, Public Library of Science, vol. 12(9), pages 1-21, September.
    2. Mariusz Jerzy Stolarski & Paweł Dudziec & Michał Krzyżaniak & Ewelina Olba-Zięty, 2021. "Solid Biomass Energy Potential as a Development Opportunity for Rural Communities," Energies, MDPI, vol. 14(12), pages 1-21, June.
    3. Aneta Bełdycka-Bórawska & Piotr Bórawski & Michał Borychowski & Rafał Wyszomierski & Marek Bartłomiej Bórawski & Tomasz Rokicki & Luiza Ochnio & Krzysztof Jankowski & Bartosz Mickiewicz & James W. Dun, 2021. "Development of Solid Biomass Production in Poland, Especially Pellet, in the Context of the World’s and the European Union’s Climate and Energy Policies," Energies, MDPI, vol. 14(12), pages 1-22, June.
    4. Marek Helis & Maria Strzelczyk & Wojciech Golimowski & Aleksandra Steinhoff-Wrześniewska & Anna Paszkiewicz-Jasińska & Małgorzata Hawrot-Paw & Adam Koniuszy & Marek Hryniewicz, 2021. "Biomass Potential of the Marginal Land of the Polish Sudetes Mountain Range," Energies, MDPI, vol. 14(21), pages 1-16, November.
    5. Liping Zhao & Xincheng Li & Xiangmei Li & Chenyang Ai, 2022. "Dynamic Changes and Regional Differences of Net Carbon Sequestration of Food Crops in the Yangtze River Economic Belt of China," IJERPH, MDPI, vol. 19(20), pages 1-16, October.
    6. Villanthenkodath, Muhammed Ashiq & Mahalik, Mantu Kumar, 2021. "Does economic growth respond to electricity consumption asymmetrically in Bangladesh? The implication for environmental sustainability," Energy, Elsevier, vol. 233(C).
    7. Shahbaz, Muhammad & Hoang, Thi Hong Van & Mahalik, Mantu Kumar & Roubaud, David, 2017. "Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis," Energy Economics, Elsevier, vol. 63(C), pages 199-212.
    8. Schlör, Holger & Venghaus, Sandra & Hake, Jürgen-Friedrich, 2018. "The FEW-Nexus city index – Measuring urban resilience," Applied Energy, Elsevier, vol. 210(C), pages 382-392.
    9. Aleksandra Jezierska-Thöle & Roman Rudnicki & Łukasz Wiśniewski & Marta Gwiaździńska-Goraj & Mirosław Biczkowski, 2021. "The Agri-Environment-Climate Measure as an Element of the Bioeconomy in Poland—A Spatial Study," Agriculture, MDPI, vol. 11(2), pages 1-19, February.
    10. Mollik, Sazib & Rashid, M.M. & Hasanuzzaman, M. & Karim, M.E. & Hosenuzzaman, M., 2016. "Prospects, progress, policies, and effects of rural electrification in Bangladesh," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 553-567.
    11. Obsatar Sinaga & Mohd Haizam Mohd Saudi & Djoko Roespinoedji & Mohd Shahril Ahmad Razimi, 2019. "The Dynamic Relationship between Natural Gas and Economic Growth: Evidence from Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 388-394.
    12. Asongu, Simplice A. & Odhiambo, Nicholas M., 2021. "Inequality, finance and renewable energy consumption in Sub-Saharan Africa," Renewable Energy, Elsevier, vol. 165(P1), pages 678-688.
    13. Shirzad, Mohammad & Kazemi Shariat Panahi, Hamed & Dashti, Behrouz B. & Rajaeifar, Mohammad Ali & Aghbashlo, Mortaza & Tabatabaei, Meisam, 2019. "A comprehensive review on electricity generation and GHG emission reduction potentials through anaerobic digestion of agricultural and livestock/slaughterhouse wastes in Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 111(C), pages 571-594.
    14. Teng, Meixuan & Burke, Paul J. & Liao, Hua, 2019. "The demand for coal among China's rural households: Estimates of price and income elasticities," Energy Economics, Elsevier, vol. 80(C), pages 928-936.
    15. Wan-Lin Yong & Jerome Kueh & Yong Sze Wei & Jang-Haw Tiang, 2020. "Energy Consumption and Economic Growth Nexus in China: Autoregressive Distributed Lag (ARDL)," Journal of Public Administration and Governance, Macrothink Institute, vol. 10(2), pages 194212-1942, December.
    16. Ruqayya Ibraheem & Ismat Nasim, 2021. "Globalization, Energy Use and Environmental Degradation in Thailand," iRASD Journal of Energy and Environment, International Research Association for Sustainable Development (iRASD), vol. 2(1), pages 01-11, June.
    17. Wenxiao Chu & Maria Vicidomini & Francesco Calise & Neven Duić & Poul Alborg Østergaard & Qiuwang Wang & Maria da Graça Carvalho, 2022. "Recent Advances in Low-Carbon and Sustainable, Efficient Technology: Strategies and Applications," Energies, MDPI, vol. 15(8), pages 1-30, April.
    18. Sadeq Hooshmand Zaferani & Mehdi Jafarian & Daryoosh Vashaee & Reza Ghomashchi, 2021. "Thermal Management Systems and Waste Heat Recycling by Thermoelectric Generators—An Overview," Energies, MDPI, vol. 14(18), pages 1-21, September.
    19. Setterberg, Hanna & Sjöström, Emma, 2021. "Action Lab: Integrated Communications on Financial and ESG Performance in the Earnings Call," Misum Working Paper Series 2021-1, Stockholm School of Economics, Mistra Center for Sustainable Markets (Misum).
    20. Ouyang, Yaofu & Li, Peng, 2018. "On the nexus of financial development, economic growth, and energy consumption in China: New perspective from a GMM panel VAR approach," Energy Economics, Elsevier, vol. 71(C), pages 238-252.

    More about this item

    Keywords

    economic tools; financial tools; environmental tools; organizational tools; financial and economic mechanism; balanced use of forestry land;
    All these keywords.

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

    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:iaf:journl:y:2020:i:4:p:144-157. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    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.