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Information × Registration Number 0217U004352, 0116U006959 , R & D reports Title Financial and fiscal instruments of electricity sector modernization under non-stationary economy popup.stage_title Head Abakumenko Olha Victorivna, Registration Date 31-01-2017 Organization Chernigiv National University of Technology popup.description2 The project's research object is a process of targeted Ukrainian electricity sector modernization under unstable economic recovery and limited country access to the world financial markets. The main purpose of research is to justify the optimal combination of financial and fiscal instruments that contribute to the achievement of positive macro - and microeconomic effects of modernization of power both for investors and for the society and the state as a whole. We have developed theoretical foundations of financial and fiscal instruments for the modernization of electricity by clarifying their economic nature and classification, evaluation of their role and influence on the development of the national economy with regards to regulation of different market types, including: - for first time we have reasoned the approach of targeting by financial and fiscal instruments behavior of economic agents in certain areas - energy save, energy efficiency, thermomodernization, which extensively uses the cascading effects for stimulating impulse transfer between different groups of economic agents, industries and sectors of the national economy; - we have developed the classification of financial instruments with the structured products and credit derivatives, peer lending, and for fiscal instruments - with the monetized investment tax credit for energy modernization. Unlike existing tools, offered intruments complement classical (loans, subsidies, incentives) and have specific implementation mechanism allowing them to achieve maximum effectiveness to reach the modernization goals; - for the first time we have summarized the determinants (factors) of impact of the financial and fiscal instruments used in the process of electricity sector modernization. These are, in particular, international competitiveness, market mechanism, multiple goals, taking into account the long-term structural trends of technological transformation, and effective information exchange between the final beneficiaries of services. These determinants form the matrix of effectiveness of fiscal and financial instruments that takes into account the effective use of resources, efficieny, additional positive impact on other sectors and the economy. We note that the identification of impact factors to stimulate the electricity sector modernization creates a basis for design and implementation of relevant financial mechanism for the industry transformation; - identified and systematized non-resource financing tools offered by the financial services market by various financial intermediaries, allowing to expand the list of classical financial instruments for activation of specific sectors of the national economy with new positions with substantiated cases appropriateness of their use and the benefits that they can get.5481 Product Description popup.authors Абакуменко Ольга Вікторівна Гнедіна Катерина Володимирівна Лук'яшко Павло Володимирович Петраков Ярослав Валерійович Сизоненко Олена Володимирівна popup.nrat_date 2020-04-02 Close