The paper offers a new view of the role of state based on recognition of the economic ability of the state as a separate factor of production. This approach gives indirect taxes the status of factor income as state profit. If we were to apply the mechanism of producing and purchasing private...

Originally the Laffer Curve was formulated in a macroeconomic context, for which reason it is not applicable to individual taxes, but rather to a certain average aggregate tax. The 'corrections' to the Laffer Curve are based on a factor of time. High importance is the question – in which...

After the collapse of the Communist regimes, the countries of the former Soviet Union found themselves with only a very small amount of goods to supply to the global market. An economy of this type is nothing more than a 'necroeconomy.' Dead firms ('zombie-firms') do exist and 'successfully'...

Several countries in the post-Soviet world have completed the transition to a European-type market economy and have been admitted to the EU. For others - either partly or totally unsuccessful in transitioning - the question of whether or not this kind of market economy could be built is not even...

Currently, the Black Sea Region1 is not as integrated economically as to allow one to outline some common development trends of all regional economies. The most of the region's nations (Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Moldova, Romania, Russia, Serbia, and Ukraine), except Greece...

The article examines the approach to estimating the effect of the tax burden on the amount of total output and budget revenues. This approach uses a behavioral model, with a specific version of an entropy function. The suggested model makes it possible to determine the fiscal points...

During its independence, post-Communist Georgia has not been able to create an economic system that would serve as the basis for its sustainable economic development. Neither have the reforms conducted after the "Rose Revolution" met the expectations. A consumer economy, typical for poor...

Many of today's researchers of the Caucasus focus in particular on analyzing ways to achieve peaceful settlement of the conflicts in the Caucasus, while only a few publications are devoted to the state of economic interrelations in the region and their development prospects. The goal of the book...

Direct spatial comparison of the economic growth indices is unconstructive because of the catch-up effect which requires some preconditions in order to be taken into proper account. The paper has considered the approach for the correction of the economic growth indices on the basis of the...

In modern economics several recognized theses may be called into question. This holds true for factors of production and incomes from them, transfer payments and the problems of their inclusion in the Gross National Product (GNP). In the article these problems are analyzed