Pealkiri:	Improving the financing mechanism for the development of local communities based on the use of digital technologies
Autor:	Serghiy, Radynskyy Vadym, Ratynskiy Nataliia, Diachenko Valentyn, Diachenko Andrii, Krupka Zoryana, Lobodina Halyna, Pohrishchuk Nataliia, Dobizha Svitlana, Shpylyk Vladyslav, Bendiuh
Affiliation:	National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute” Beresteiskyi Ternopil Ivan Puluj National Technical University Kyiv University of Intellectual Property and Law of the National University «Odesa Law Academy» Vinnytsia Education and Research Institute of Economics of the West Ukrainian National University
Bibliographic description (Ukraine):	Radynskyy, S., Ratynskiy, V., Diachenko, N., Diachenko, V., A. Krupka, Lobodina, Z., Pohrishchuk, H., Dobizha, N., Shpylyk, S., Bendiuh, V. (2024). Improving the financing mechanism for the development of local communities based on the use of digital technologies. Eastern-European Journal of Enterprise Technologies, 2 (13 (128)), 35–46. https://doi.org/10.15587/1729-4061.2024.300908
Ilmumisaasta:	30-apr-2024
Submitted date:	30-apr-2024
Date of entry:	11-juu-2024
Country (code):	UA
Place of the edition/event:	Eastern-European Journal of Enterprise Technologies
UDC:	336.1
Märksõnad:	financing mechanism for the development of local communities technical infrastructure of financing digital technologies
Kirjeldus:	The object of this study is the financing mechanism for the develop- ment of local communities. The paper addressed the problem of improving this mechanism under conditions of limit- ed resources through the use of digital technologies. The structure of the mech- anism is represented as interconnected subjects, sources, methods, objectives, and technical infrastructure of financ- ing. Local self-government bodies are the managing entity. Factors affecting the availability of financial resources, depending on the financing method, are the volume of resources, the orderliness of legislation and legal models, financial capabilities, and interests of financing entities. They also include legal restric- tions on application, requirements of resource holders, their cost and dura- tion of receipt. The crisis was recog- nized as a significant limiting factor. Identification of factors of accessibili- ty and complexity makes it possible to identify weak points in the entire funding mechanism. The description of the theo- retical concept of the financing mecha- nism due to its universality, the factors of the availability of financial resourc- es and the shortcomings of the technical infrastructure, identified on this basis, made it possible to solve the investigat- ed problem. As a result, directions for improving the financing mechanism for the development of local communities have been determined in terms of techni- cal infrastructure. They consist in creat- ing unified technical systems for manag- ing financing processes and expanding training and support for financing enti- ties. The use of artificial intelligence, big data, blockchain and tokenization tech- nologies for decision-making, forecast- ing the needs of local communities and the development of crowdfunding is also proposed. Owing to this, it will be pos- sible to achieve practical expectations for improving the effectiveness of the existing financing mechanism, which consists in reducing transaction costs, attracting additional financial resourc- es, increasing public participation and transparency of financial processes.
URI:	http://elartu.tntu.edu.ua/handle/lib/45195
References (International):	1. Pike, A., Rodríguez-Pose, A., Tomaney, J. (2007). What Kind of Local and Regional Development and for Whom? Regional Studies, 41 (9), 1253–1269. https://doi.org/10.1080/00343400701543355 2. Transforming our world: the 2030 Agenda for Sustainable Development. United Nations. Available at: https://sdgs.un.org/2030agenda 3. Report of the World Commission on Environment and Development: Our Common Future. Available at: https://sustainabledevelopment.un.org/content/documents/5987our-common-future.pdf 4. Jackson, D. (Ed.) (2021). UNCDF Local Government Finance is Development Finance: UNCDF Local Transformative Finance Investment Agenda. United Nations Capital Development Fund. Available at: https://www.uncdf.org/Download/AdminFileWith Filename?id=16773&cultureId=127&filename=local-government-finance-is-development-financewebpdf 5. Romeo, L. (2018). Decentralizing for development: The developmental potential of local autonomy and the limits of politics driven decentralization reforms. Working Papers. Available at: https://ideas.repec.org/p/ess/wpaper/id12486.html 6. Hendriks, C. (2018). Municipal financing for sustainable development: A case of South Africa. Local Economy: The Journal of the Local Economy Policy Unit, 33 (7), 757–774. https://doi.org/10.1177/0269094218811799 7. Oh, Y., Jeong, S., Shin, H. (2019). A Strategy for a Sustainable Local Government: Are Participatory Governments More Efficient, Effective, and Equitable in the Budget Process? Sustainability, 11 (19), 5312. https://doi.org/10.3390/su11195312 8. Singla, A., Shumberger, J., Swindell, D. (2019). Paying for infrastructure in the post-recession era: Exploring the use of alternative funding and financing tools. Journal of Urban Affairs, 43 (4), 526–548. https://doi.org/10.1080/07352166.2019.1660580 9. Bulavinets, V., Karpyshyn, N. (2019). Financial potential of territorial communities: modern state and prospects. Світ Фінансів, 4 (61), 96–110. Available at: http://sf.wunu.edu.ua/index.php/sf/article/view/1276/1279 10. Prokhorova, V. V., Babichev, A. V., Yukhman, Y. V., Varenko, T. V. (2021). Public-Private Partnership as an Institute of Combined Public and Private Efforts to Solve Socially Important Tasks in Ukraine. THE PROBLEMS OF ECONOMY, 4 (50), 50–55. https://doi.org/10.32983/2222-0712-2021-4-50-55 11. Mayer, M. (2019). An Exploratory Look at the Growth and Success of Crowdfunding in the Public Space. State and Local Government Review, 51 (3), 187–196. https://doi.org/10.1177/0160323x20915590 12. Baccarne, B., Evens, T., De Marez, L. (2020). Understanding Civic Crowdfunding as a Mechanism for Leveraging Civic Engagement and Urban Innovation. Technology Innovation Management Review, 10 (5), 51–66. https://doi.org/10.22215/timreview/1356 13. Van Montfort, K., Siebers, V., De Graaf, F. J. (2020). Civic Crowdfunding in Local Governments: Variables for Success in the Netherlands? Journal of Risk and Financial Management, 14 (1), 8. https://doi.org/10.3390/jrfm14010008 14. Sedlitzky, R., Franz, Y. (2019). “What If We All Chip In?” Civic Crowdfunding As Alternative Financing For Urban Development Projects. Built Environment, 45 (1), 26–44. https://doi.org/10.2148/benv.45.1.26 15. González-Azcárate, M., Luis Cruz‐Maceín, J., Bardají, I. (2023). Crowdfarming. A public-private crowdfunding campaign to finance sustainable local food systems: a case study of short food supply chains in Madrid. New Medit, 22 (3). https://doi.org/10.30682/nm2303f 16. Tsili staloho rozvytku: Shcho treba znaty orhanam mistsevoho samovriaduvannia. UCLG. Available at: https://www.undp.org/ sites/g/files/zskgke326/files/migration/ua/SDG_LocalGov_v05.pdf 17. Infrastructure Financing for Sustainable Development in Asia and the Pacific (2019). In ESCAP Financing for Development Series. UN. https://doi.org/10.18356/0fb07716-en 18. Farvacque-Vitkovic, C. D., Kopanyi, M. (Eds.) (2014). Municipal Finances: A Handbook for Local Governments. The World Bank Group. https://doi.org/10.1596/978-0-8213-9830-2 19. Vammalle, C., Bambalaite, I. (2021). Funding and financing of local government public investment. OECD Working Papers on Fiscal Federalism. https://doi.org/10.1787/162d8285-en 20. Dokhody mistsevykh biudzhetiv. Biudzhet dlia hromadian. Ministerstvo finansiv Ukrainy. Available at: https://openbudget.gov.ua/ national-budget/incomes 21. Mistsevyi borh ta mistsevyi harantovanyi borh. Informatsiya shchodo zdiysnennia mistsevoho zapozychennia. Ministerstvo finansiv Ukrainy. Available at: https://mof.gov.ua/uk/miscevij-borg-ta-miscevij-garantovanij-borg 22. Perelik derzhavnykh investytsiinykh proiektiv. Ministerstvo ekonomiky Ukrainy. Available at: https://www.me.gov.ua/Documents/ Download?id=b64ca58d-c988-4665-8803-72263e01928e 23. Monitoring of PPP implementation in Ukraine. Ministry of Economy of Ukraine. Available at: https://www.me.gov.ua/Documents/ Detail?lang=en-GB&id=6aab1657-215d-46f8-8d93-46961e76fd6f&title=MonitoringOfPppImplementationInUkraine 24. Trebesch, С., Antezza, А., Bushnell, K., Bomprezzi, P., Dyussimbinov, Y. et al. (2023). The Ukraine Support Tracker: Which countries help Ukraine and how? Kiel Working Paper, 2218. Available at: https://www.ifw-kiel.de/fileadmin/Dateiverwaltung/IfW- Publications/fis-import/87bb7b0f-ed26-4240-8979-5e6601aea9e8-KWP_2218_Trebesch_et_al_Ukraine_Support_Tracker.pdf 25. Mizhnarodna pidtrymka. Spysok proiektiv ta prohram MTD. Detsentralizatsiya. Available at: https://decentralization.gov.ua/donors 26. Dani shchodo nadkhodzhen na spetsialni rakhunky NBU dlia zboru koshtiv. Ofitsiyna fandreizynhova platforma Ukrainy. Available at: https://files.u24.gov.ua/reports/2023-04-14/20230414_Report_MOI.pdf 27. Bauer, J. M., Herder, P. M. (2009). Designing Socio-Technical Systems. Philosophy of Technology and Engineering Sciences, 601–630. https://doi.org/10.1016/b978-0-444-51667-1.50026-4 28. Ministerstvo rozvytku hromad, terytoriy ta infrastruktury Ukrainy. DREAM. Available at: https://dream.gov.ua/ua
Asub kollektsiooni(de)s:	Наукові публікації працівників кафедри економіки та фінансів

Kõik teosed on Dspaces autoriõiguste kaitse all.