The Economic Mechanism of Natural Resources Management: Rents for Special Use of Natural Resources

• Main Authors: Golyan Vasyl A., Androshchuk Inna I.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2017-09-01
• Series: Bìznes Inform
• Subjects: economic mechanism of natural resources management; consolidated budget of Ukraine; fiscal regulation; stimulating function; inflation; value added
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2017-9_0-pages-166_174.pdf

The article discloses the content of the economic mechanism of natural resources management as an orderly system of methods, means, instruments, and techniques of fiscal and financial-credit regulation of development of the natural-resource potential. It has been found that the turnpike element of the mechanism of natural resources management is the fiscal component, which is represented by rents for the special use of natural resources. It has been substantiated that the conformity of rent rates for the special use of natural resources with the real value of the natural component of national wealth, which is being engaged in the economic turnover, is a sine qua non for filling financial funds for the enhanced reproduction of natural-resource potential and increasing the motivation of natural resources managers to reduce the losses of natural raw materials. It has been found that there is no significant increase in the dynamics of the income of rents for the special use of natural resources into the consolidated budget of Ukraine at the comparable prices of 1998. It has been substantiated that strengthening of the stimulating function of the rent regulation will be possible, provided that the rent rates in Ukraine will be brought to the average European level.