The Financial State of Local Communities: A Comparative Research of Ukraine and the Czech Republic

The article describes the specific details of local communities functioning in Ukraine and the Czech Republic. It has been examined that Ukraine and the Czech Republic have similar, but not identical systems of local governance. We conducted a comparative analysis of the financial state of local com...

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Autores principales: Kozlov Dmytro, Derev’yanko Yuriy, Piven Vladyslav, Melnyk Leonid, Kubatko Oleksandr
Formato: article
Lenguaje:EN
Publicado: Sciendo 2021
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Acceso en línea:https://doaj.org/article/ff6fc41810894d7187be2888fdc5b3c8
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spelling oai:doaj.org-article:ff6fc41810894d7187be2888fdc5b3c82021-12-05T14:11:07ZThe Financial State of Local Communities: A Comparative Research of Ukraine and the Czech Republic2256-039410.2478/eb-2021-0011https://doaj.org/article/ff6fc41810894d7187be2888fdc5b3c82021-01-01T00:00:00Zhttps://doi.org/10.2478/eb-2021-0011https://doaj.org/toc/2256-0394The article describes the specific details of local communities functioning in Ukraine and the Czech Republic. It has been examined that Ukraine and the Czech Republic have similar, but not identical systems of local governance. We conducted a comparative analysis of the financial state of local communities in both countries by five indicators. Indicator 1 (total income per capita) characterises the community’s financial potential and reveals that Ukraine’s local communities have fewer financial resources to use. Indicator 2 (total expenditures per capita) describes the ability to provide residents with the resources generated in their community and Czech communities have a higher value of this indicator. Indicator 3 (share of the administrative expenditures) shows the effectiveness of money spent, and local communities in both Ukraine and the Czech Republic spend particularly the same part of their total expenditures on administrative needs. Indicator 4 (capital expenditures per capita) demonstrate how the money generated is spent on urgent capital investments and Ukraine’s communities have much lower capital expenditures per capita than Czech ones. Indicator 5 (the share of capital expenditures in total expenditures) reflects how local communities perceive the importance of investments in capital projects and Ukraine’s communities spend fewer financial resources for capital needs than Czech ones.Kozlov DmytroDerev’yanko YuriyPiven VladyslavMelnyk LeonidKubatko OleksandrSciendoarticlecommunitydevelopmentfinancial stateindicatorh72BusinessHF5001-6182Economics as a scienceHB71-74ENEconomics and Business, Vol 35, Iss 1, Pp 165-173 (2021)
institution DOAJ
collection DOAJ
language EN
topic community
development
financial state
indicator
h72
Business
HF5001-6182
Economics as a science
HB71-74
spellingShingle community
development
financial state
indicator
h72
Business
HF5001-6182
Economics as a science
HB71-74
Kozlov Dmytro
Derev’yanko Yuriy
Piven Vladyslav
Melnyk Leonid
Kubatko Oleksandr
The Financial State of Local Communities: A Comparative Research of Ukraine and the Czech Republic
description The article describes the specific details of local communities functioning in Ukraine and the Czech Republic. It has been examined that Ukraine and the Czech Republic have similar, but not identical systems of local governance. We conducted a comparative analysis of the financial state of local communities in both countries by five indicators. Indicator 1 (total income per capita) characterises the community’s financial potential and reveals that Ukraine’s local communities have fewer financial resources to use. Indicator 2 (total expenditures per capita) describes the ability to provide residents with the resources generated in their community and Czech communities have a higher value of this indicator. Indicator 3 (share of the administrative expenditures) shows the effectiveness of money spent, and local communities in both Ukraine and the Czech Republic spend particularly the same part of their total expenditures on administrative needs. Indicator 4 (capital expenditures per capita) demonstrate how the money generated is spent on urgent capital investments and Ukraine’s communities have much lower capital expenditures per capita than Czech ones. Indicator 5 (the share of capital expenditures in total expenditures) reflects how local communities perceive the importance of investments in capital projects and Ukraine’s communities spend fewer financial resources for capital needs than Czech ones.
format article
author Kozlov Dmytro
Derev’yanko Yuriy
Piven Vladyslav
Melnyk Leonid
Kubatko Oleksandr
author_facet Kozlov Dmytro
Derev’yanko Yuriy
Piven Vladyslav
Melnyk Leonid
Kubatko Oleksandr
author_sort Kozlov Dmytro
title The Financial State of Local Communities: A Comparative Research of Ukraine and the Czech Republic
title_short The Financial State of Local Communities: A Comparative Research of Ukraine and the Czech Republic
title_full The Financial State of Local Communities: A Comparative Research of Ukraine and the Czech Republic
title_fullStr The Financial State of Local Communities: A Comparative Research of Ukraine and the Czech Republic
title_full_unstemmed The Financial State of Local Communities: A Comparative Research of Ukraine and the Czech Republic
title_sort financial state of local communities: a comparative research of ukraine and the czech republic
publisher Sciendo
publishDate 2021
url https://doaj.org/article/ff6fc41810894d7187be2888fdc5b3c8
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