Financial mechanism of state land regulation in Ukraine

The paper is devoted to research of existing variants of land reform in Ukraine towards cancelling the moratorium on the sale-purchase of agricultural lands. The authors prove that the financial function of the land is realized insufficiently, which is connected with the absence of open land market...

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Main Authors: Serhiy Frolov, Nataliya Pedchenko, Nataliya Vygovska
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2017-04-01
Series:Accounting and Financial Control
Subjects:
Online Access:https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/9466/AFC_2017_01_Frolov.pdf
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spelling doaj-e803cf1113b145db8613e5d34cc2a8502020-11-25T00:46:45ZengLLC "CPC "Business Perspectives"Accounting and Financial Control2543-54852544-14502017-04-0111152210.21511/afc.01(1).2017.029466Financial mechanism of state land regulation in UkraineSerhiy Frolov0Nataliya Pedchenko1Nataliya Vygovska2Doctor of Economics, University of Customs and Finance, DniproDoctor of Economics, Professor, First Vice- Rector of Poltava University of Economics and TradeDoctor of Economics, Professor, Zhytomyr State Technological University The paper is devoted to research of existing variants of land reform in Ukraine towards cancelling the moratorium on the sale-purchase of agricultural lands. The authors prove that the financial function of the land is realized insufficiently, which is connected with the absence of open land market and ineffective functioning of state land regulation financial mechanism. The aim of the paper is to substantiate the directions of state land regulation in Ukraine on the basis of evaluating the economic effect of cancelling the moratorium on the sale-purchase of agricultural lands. The authors analyzed three most likely variants of land reform at the current stage of Ukraine’s economy development, and calculated economic effect from its implementation. Based on the calculations, conclusion is made about the feasibility of gradually cancelling the moratorium, which corresponds to third variant under study, which is offered to be implemented in two stages: 1) sale of state and community lands; 2) sale of private lands. Economic effect of implementing such a variant, calculated by the authors, gives a possibility to create additional annual cash flow to local budgets in the amount of 68-83 %, which is more than the revenue of other variants described in the paper. It is proven that for possibility to put the variant offered into practice, it is necessary to observe some prerequisites (organizational, financial, legal and regulatory), valuation of which enabled to offer the directions to improve state land regulation, the realization of which would favor the full functioning of agricultural land market.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/9466/AFC_2017_01_Frolov.pdfagricultural landseconomic effectfinancial mechanismland reformmoratoriumstate regulation
collection DOAJ
language English
format Article
sources DOAJ
author Serhiy Frolov
Nataliya Pedchenko
Nataliya Vygovska
spellingShingle Serhiy Frolov
Nataliya Pedchenko
Nataliya Vygovska
Financial mechanism of state land regulation in Ukraine
Accounting and Financial Control
agricultural lands
economic effect
financial mechanism
land reform
moratorium
state regulation
author_facet Serhiy Frolov
Nataliya Pedchenko
Nataliya Vygovska
author_sort Serhiy Frolov
title Financial mechanism of state land regulation in Ukraine
title_short Financial mechanism of state land regulation in Ukraine
title_full Financial mechanism of state land regulation in Ukraine
title_fullStr Financial mechanism of state land regulation in Ukraine
title_full_unstemmed Financial mechanism of state land regulation in Ukraine
title_sort financial mechanism of state land regulation in ukraine
publisher LLC "CPC "Business Perspectives"
series Accounting and Financial Control
issn 2543-5485
2544-1450
publishDate 2017-04-01
description The paper is devoted to research of existing variants of land reform in Ukraine towards cancelling the moratorium on the sale-purchase of agricultural lands. The authors prove that the financial function of the land is realized insufficiently, which is connected with the absence of open land market and ineffective functioning of state land regulation financial mechanism. The aim of the paper is to substantiate the directions of state land regulation in Ukraine on the basis of evaluating the economic effect of cancelling the moratorium on the sale-purchase of agricultural lands. The authors analyzed three most likely variants of land reform at the current stage of Ukraine’s economy development, and calculated economic effect from its implementation. Based on the calculations, conclusion is made about the feasibility of gradually cancelling the moratorium, which corresponds to third variant under study, which is offered to be implemented in two stages: 1) sale of state and community lands; 2) sale of private lands. Economic effect of implementing such a variant, calculated by the authors, gives a possibility to create additional annual cash flow to local budgets in the amount of 68-83 %, which is more than the revenue of other variants described in the paper. It is proven that for possibility to put the variant offered into practice, it is necessary to observe some prerequisites (organizational, financial, legal and regulatory), valuation of which enabled to offer the directions to improve state land regulation, the realization of which would favor the full functioning of agricultural land market.
topic agricultural lands
economic effect
financial mechanism
land reform
moratorium
state regulation
url https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/9466/AFC_2017_01_Frolov.pdf
work_keys_str_mv AT serhiyfrolov financialmechanismofstatelandregulationinukraine
AT nataliyapedchenko financialmechanismofstatelandregulationinukraine
AT nataliyavygovska financialmechanismofstatelandregulationinukraine
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