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Formation of state protection for urban passenger transport enterprises

Author

Listed:
  • Oleksii Palant

    (O. M. Beketov National University of Urban Economy in Kharkiv)

  • Denys Zakharov

    (O. M. Beketov National University of Urban Economy in Kharkiv)

Abstract

This paper considers the task to provide state financial protectionism under the conditions of today's challenges. A model of effective interaction is proposed, which takes into account selective fair financing based on indicators of the investment attractiveness of the i-th region and the priority of the i-th region. The calculations proved the independence of the regional financing priority indicator on the level of investment attractiveness of the region, or vice versa. The methodology was tested on the example of urban passenger transportation entrepreneurship under the conditions of challenges that have arisen. According to the results, those territories that are recognized as the most affected and vulnerable, and the problem of support of which can be solved only with the help of state intervention, are eligible for state protectionism. The results of the calculations show that the distribution of financial funds in the amount of state finances S=1 allocated to support entrepreneurship is carried out proportionally. A comprehensive approach made it possible to determine the regions for state funding, while the most affected regions receive the largest share of financial investments – Luhansk, Chernivtsi, Kherson, Donetsk, Mykolaiv, and Sumy oblasts, which will receive funding to support urban passenger transportation, in the amount of 17.01 %, 16.89 %, 16.74 %, 16.57 %, 16.55 %, and 16.24 %, respectively. This study is of practical interest for state management bodies as it provides methodological recommendations for the allocation of funds to support the most affected regions. It is also useful for researchers studying financial provision, protectionism, and public administration, and it is recommended that future research be conducted taking into account the level of socio-economic development of states

Suggested Citation

  • Oleksii Palant & Denys Zakharov, 2024. "Formation of state protection for urban passenger transport enterprises," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 2(13 (128)), pages 103-109, April.
    • Handle: RePEc:baq:jetart:v:2:y:2024:i:13:p:103-109
    DOI: 10.15587/1729-4061.2024.302012
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    References listed on IDEAS

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    1. Orlowski, Lucjan T., 2012. "Financial crisis and extreme market risks: Evidence from Europe," Review of Financial Economics, Elsevier, vol. 21(3), pages 120-130.
    2. Iaroslava Levchenko & Igor Britchenko, 2021. "Estimation of state financial support for non-priority territorial units using the example of bridge construction," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 1(13(109)), pages 26-34, February.
    3. Vasilis Angelis & Athanasios Angelis-Dimakis & Katerina Dimaki, 2016. "Identifying Clusters of Regions in the European South, based on their Economic, Social and Environmental Characteristics," REGION, European Regional Science Association, vol. 3, pages 71-102.
    4. Giones, Ferran & Brem, Alexander & Pollack, Jeffrey M. & Michaelis, Timothy L. & Klyver, Kim & Brinckmann, Jan, 2020. "Revising entrepreneurial action in response to exogenous shocks: Considering the COVID-19 pandemic," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
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