THE UKRAINIAN ECONOMY OFFSHORING: ESTIMATION OF FACTORS’ IMPACT AND DEVELOPING MEASURES TO COMBAT

The study is devoted to the Ukrainian capital outflow analysis, finding main reasons, consequences and working out the recommendations. The purpose of the study was to research the reasons of offshoring, except tax avoidance, to estimate their impact on the state economy and develop the ways of econ...

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Bibliographic Details
Published inVerslas: teorija ir praktika Vol. 23; no. 2; pp. 347 - 356
Main Authors Hobela, Volodymyr, Podra, Olha, Batyuk, Bogdan, Levkiv, Halyna, Hynda, Oksana
Format Journal Article
LanguageEnglish
German
Lithuanian
Published Vilnius Vilnius Gediminas Technical University 01.06.2022
Subjects
BCG
BCG vaccines
Business Economy / Management
capital
Correlation analysis
de-offshoring
Economic aspects
Economic development
Economic policy
Financial Markets
Fiscal policy
Fiscal Politics / Budgeting
International finance
international financial markets
investments
National Economy
Offshore
offshore haven
Outsourcing
Tax avoidance
Tax planning
Transfer pricing
Ukraine
capital
investments
deoffshoring
international financial markets
offshore haven
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Summary:The study is devoted to the Ukrainian capital outflow analysis, finding main reasons, consequences and working out the recommendations. The purpose of the study was to research the reasons of offshoring, except tax avoidance, to estimate their impact on the state economy and develop the ways of economy de-offshoring based on the main results of the study. The main reasons, positive, negative effects and threats of economy offshoring were identified. The main reasons for offshoring other than tax avoidance were highlighted. Based on empirical, theoretical, and static research, it was found that a corporate raiding, an imperfect legal environment regarding the protection of property, intellectual property and high level of political risks have a significant impact on the economy offshoring. The influence of various factors (x1, x2….xn) on capital outflow was estimated on a base of correlation analysis. According to the received results the main ways of Ukraine’s economy de-offshoring within the formation of institutional and legal support of de-offshoring were developed. Scientific methods such as general and special methods of cognition, methods of economic and statistical analysis, deduction, and the method of theoretical generalization were used in the study.
ISSN:1648-0627
1822-4202
DOI:10.3846/btp.2022.14509