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Institutional Environment of State Regulation of Business in the Conditions of the Closed Cycle Transformation of the National Economy

Author

Listed:
  • Vdovenko Natalia

    (Dr. Sc. Prof., National University of Life and Environmental Sciences of Ukraine, Heroiv Oborony str. 11, Kyiv, Ukraine)

  • Shaposhnykova Iryna

    (Dr. Sc. Prof., Kherson State University, Shevchenka str. 14, Ivano-Frankivsk, Ukraine)

  • Krylov Denys

    (Dr. Assoc. Prof., Zaporizhzhia National University, Zhukovsky str. 66, Zaporizhzhia, Ukraine)

  • Pereguda Yuliia

    (PhD, Assoc. Prof., National University of Life and Environmental Sciences of Ukraine, Heroiv Oborony str. 11, Kyiv, Ukraine)

  • Adamenko Sergii

    (PhD, Doctoral Student, Classical Private University, Zhukovsky str. 70 B, Zaporizhzhia, Ukraine)

  • Shut Serhii

    (PhD, Doctoral Student, Classical Private University, Zhukovsky str. 70 B, Zaporizhzhia, Ukraine)

Abstract

The article examines the problems of forming the institutional environment of state regulation of business in the conditions of the closed cycle transformationof the national economy and suggests ways to solve them. Institutional environment of state regulation of business in Ukraine in the context of the closed cycle economy was analyzed and the experience of foreign countries in implementing the principles of the circular economy was studied. The foreign experience in the field of circular economy development is analyzed, which proves the dependence of effectiveness on the quality component of the institutional environment. It is proposed to form a mechanism for state regulation of business in the conditions of the national economy transformation in the direction of innovative development and activation of the implementation of “closed cycle” projects. The main components of the mentioned mechanism are defined and the prospects for its implementation are outlined.

Suggested Citation

  • Vdovenko Natalia & Shaposhnykova Iryna & Krylov Denys & Pereguda Yuliia & Adamenko Sergii & Shut Serhii, 2024. "Institutional Environment of State Regulation of Business in the Conditions of the Closed Cycle Transformation of the National Economy," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 46(2), pages 183-189.
    • Handle: RePEc:vrs:mtrbid:v:46:y:2024:i:2:p:183-189:n:1007
    DOI: 10.15544/mts.2024.19
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    More about this item

    Keywords

    state regulation; institutional environment; national economy; circular economy; closed cycle economy; mechanism; entrepreneurship; business;
    All these keywords.

    JEL classification:

    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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