Relationship between income inequality and economic growth is ambiguous one but most mainstream economists view real income increase as a drag of economic growth as it leads to higher labour cost, lower competitiveness and reduction of employment. In this study we provide an alternative view and show that labour income increase may have also positive effect on growth. Which of these two effects dominates in a particular country depends on institutional and legal environment of that country, its macroeconomic conditions and also its economic policies. We test empirically two distinct economies – a small, very open economy of Slovakia and a large, closed economy of the Euro area. We find that in equilibrium, both economies are wage-led on average in the period 1993 – 2017 and hence it appears to be beneficial to pursue policies that would reduce income inequality.
The demand for drawing up financial plans, constantly changing economic conditions, unstable tax system, Joint-stock companies which make false calculation of financial indicators, determine the need to develop ways of financial support tasks in the field of entrepreneurship, in particular through the financial planning process. In the article proved expediency of development of financial plans as one of the main preconditions for financial stability in the management of production-financial activity of the enterprise. Analyzed the specific process of financial planning and singled out the methodology of its implementation. Study of the nature of financial planning gave an opportunity to reveal several measures concerning its improvement, namely: the application of a balanced scorecard as a tool for strategic planning and systematic SWOT-analysis as a key element of strategic planning, ERP-system for greater flexibility of financial planning and budgeting, better implementation business development strategy based on key performance indicators of the enterprise.
This article is about modern problems of operation of fish industry of Ukraine. Breaking point in fish industry of technological and economic recession are described. Offer list of directions of development fishing enterprises in Ukraine to resort to the help of State.
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