@article{Voznyak:330355,
      recid = {330355},
      author = {Voznyak, Halyna  and Stasyshyn, Andrii  and Koval, Vasyl },
      title = {Evaluation of self-sufficiency of territorial communities  as the basis for ensuring their sustainable development},
      journal = {Agricultural and Resource Economics: International  Scientific E-Journal},
      address = {2022-12-20},
      number = {1868-2023-201},
      month = {Dec},
      year = {2022},
      abstract = {Purpose. The article aims to evaluate the level of  financial self-sufficiency of territorial communities in  terms of ensuring their sustainable development.  Methodology / approach. An approach that involves the  consequent implementation of compositional, empirical, and  taxonomic stages based on the calculation of empirical  parameters (based on the structural-spatial approach using  the linear weighting) of structural levels (revenue and  expenditure components) of financial self-sufficiency for  the city, town, and village communities was developed to  achieve the set objective. The general level of financial  self-sufficiency is calculated based on the integral  approach. The communities are ranged by the criterion of  the efficiency maximization in the management of financial  resources to achieve economic development.  Results. The  results of the evaluation for 73 communities showed that  city territorial communities in Lvivska oblast had high  (Lvivska) and moderate (Stryiska, Pustomytivska,  Horodotska, Sudovovyshnyanska, Chervonohradska, Sambirska,  and Kamyanko-Buzka) levels of financial self-sufficiency in  2021, so they were able to secure sustainable economic  growth. The article reveals that 75 % of town communities  had low levels of financial self-sufficiency (from 0.218 to  0.372), which is the consequence of weak fiscal capacity  and, thus, low financial independence and high budget  subsidiarity. Sokilnytska (0.788) and Solonkivska (0.637)  village communities showed positively high results and 33 %  had a moderate level of revenue component of financial  self-sufficiency (from 0.414 to 0.553). The situation is  triggered by their close location to the oblast center and  sufficient fiscal independence. The ranking of communities  by the criterion of the efficiency maximization in the  management of financial resources revealed four groups. The  group with a moderate level (45 communities) is the  largest.  Originality / scientific novelty. The article  develops a scientific and practical approach to the  evaluation of self-sufficiency of territorial communities.  Unlike others, it provides the combined (integral)  evaluation of the significance of the components of  territorial communities’ financial self-sufficiency and  allows the detection of the complementary impact of  financial self-sufficiency on ensuring sustainable economic  development of the territory. Practical value /  implications. The article offers a set of tools to evaluate  financial self-sufficiency of territorial communities.  Their application by local governments will serve as the  informational-analytical basis for the elaboration of  measures to strengthen the capacity and self-sufficiency of  territorial communities with modernizing the existing  strategies or developing the territorial economic growth  (or recovery) programs. The application of the  methodological approach makes it possible to identify  budget planning deficiencies timely and improve the  efficiency of the use of financial resources of local  self-government bodies.},
      url = {http://ageconsearch.umn.edu/record/330355},
      doi = {https://doi.org/10.22004/ag.econ.330355},
}