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Government's management concept in economy stabilization during the crisis
Менеджерская концепция правительства при стабилизации экономики в условиях кризиса
Менеджерська концепція уряду при стабілізації економіки в умовах кризи
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Abstract Purpose: to identify weaknesses and advise the Ukrainian Government's managerial concept in economic stabilization during the crisis. There were applied system's methods and functional analysis and control systems' synthesis. Findings: It was established that the country has no institute for monitor... view more
Purpose: to identify weaknesses and advise the Ukrainian Government's managerial concept in economic stabilization during the crisis. There were applied system's methods and functional analysis and control systems' synthesis. Findings: It was established that the country has no institute for monitoring and developing a strategy for macroeconomic regulation during the crisis, the Government's inability to compensate for the lack of conceptual substantiation for its decisions, most of which are not timely brought to the final economic entities that negatively perceive the Government's regulatory decisions, suspending from their implementation and even resorting to resistance. Significant deficiencies in the Government's regulatory activities during the crisis were identified, which demands its improvement based on managing economic entities' behavioral concepts in changing environments. Proposals for the selecting behavioral imperative for Ukraine's economy during the crisis and regulatory decisions were developed, considering changes in the management object's stability. Theoretical and practical implications: The research's theoretical significance is to substantiate the Government's managerial concept during the crisis, and when the possibility of its direct application determines the practical significance. Originality/Value: The research's novelty is the behavioral theory's elements application for Government activities. Research limitations/Future Research: Prospects for further research are related to the substantiation and development of a government's holistic management model during the crisis. The article is theoretical and empirical. Paper type: theoretical.... view less
Keywords
epidemic; economic crisis; economic policy; regulation; Ukraine
Classification
Economic Policy
Free Keywords
coronavirus pandemic; COVID-19; macroeconomic regulation; managerial decision; unstable environment; behavioral imperative; economic entity stability
Document language
English
Publication Year
2020
Page/Pages
p. 151-161
Journal
European Journal of Management Issues, 28 (2020) 4
ISSN
2523-451X
Status
Published Version; peer reviewed