Nataliia Ostapenko

University of Tartu · Institute of Economics

I propose a new approach to identifying exogenous monetary policy shocks that requires no priors on the underlying macroeconomic structure, nor any observation of monetary policy actions. My approach entails directly estimating the unexpected changes in the federal funds rate as those which cannot be predicted from the internal Federal Open Market...

Do Federal Open Market Committee (FOMC) discussions contain additional information for Taylor rule estimation? While researchers usually estimate a Taylor rule with official forecasts of the output gap and inflation, this paper sheds light on the importance of additional information contained in the FOMC discussions. Using textual analysis techniqu...

The study proposes an alternative way to decompose Federal Reserve (Fed) information shocks from monetary policy shocks by employing a textual analysis to Federal Open Market Committee (FOMC) statements. I decompose Fed statements into economic topics using Latent Dirichlet Allocation (LDA). The model was trained on the business section from major...

Purpose The purpose of this paper is to empirically define the ways in which informal institutions influence entrepreneurial intentions. It tests the statement that informal institutions can have an impact on people’s decisions, directly and indirectly, by affecting their perceptions of the external world. Design/methodology/approach The paper dev...

Purpose The purpose of this paper is to define the way of influence of national culture on the performance of entrepreneurship. As a possible channel of this influence, the perceptions of public policy by entrepreneurs have been analysed. Design/methodology/approach The data were collected from a survey conducted in 2014-2015, which consist of 207...

In recent years, it has been argued that citizens view tax evasion and the informal economy as socially acceptable when the codified laws and regulations (formal institutions) of a country are not aligned with the norms, values and beliefs of the population (informal institutions). Reporting a 2013 survey of 238 entrepreneurs’ views on the acceptab...

The purpose of this article is to define the factors of the entrepreneurial environment which could drive productive entrepreneurial activity from the macro-economic perspective. The main research question therefore is to identify, what are the main environmental drivers of productive entrepreneurial activity and what is its effective sectorial str...

Purpose – The purpose of this paper is to examine the potential pathway of influence of formal and informal institutions and economic development on the business productive behaviour at the national level. Design/methodology/approach – In the paper SEM models and regression analysis are used to define the causal relationships. Using data from cult...

The article analyzes the development of small businesses at the national level through a comparative analysis between the former Soviet countries – Ukraine, Russia, Belarus, Kazakhstan, Uzbekistan, and Kyrgyzstan. These countries are comparable by the previous path dependence (the period of the USSR, communism), by the position of the geographical...

The article analyzes the development of small businesses at the national level through a comparative analysis between the former Soviet countries – Ukraine, Russia, Belarus, Kazakhstan, Uzbekistan, and Kyrgyzstan. These countries are comparable by the previous path dependence (the period of the USSR, communism), by the position of the geographical...

p> This article examines the influence of national culture on the behavior of enterprises by comparing two countries - Ukraine and Slovakia. The data is based on the original author's own research on the enterprises of Ukraine and Slovakia. The paper is investigated why and how cultural factors (informal institutions) may influence the perception o...

This article examines the influence of national culture on the behavior of enterprises by comparing two countries -Ukraine and Slovakia. The data is based on the original author's own research on the enterprises of Ukraine and Slovakia. The paper is investigated why and how cultural factors (informal institutions) may influence the perception of co...

This paper examines the influence of national culture of country on process of development of small business. The latter is measured by quality indicator, such as the value added by entrepreneurship and level of shadow economy. In the work with use of correlation and regression analyzes the effect of national culture on the effectiveness of the for...

­ Aim of article is to determine ways to improve the management of small business development at the macro level. Efficiency of actions for support of small business, and also compliance of the planned actions for real requirement of it on micro and macro level is considered. Necessity of change of operating system of support of subjects of small b...

The article presented the author's approach to the development and support of small businesses. The relationship between the levels of development of small business and indicators of the development of a given region, as well as indicators of support of small businesses were analyzed. Key conclusions about the impact of support of small business de...

Слабое развитие экономики, отсутствие действенных механизмов активизации экономического роста актуализируют вопросы поддержки и стимулирования сектора малого предпринимательства как скрытого локомотива развития национальной экономики. В статье проанализировано воздействие ключевых неформальных институтов на процесс развития субъектов малого предпри...

This article examines the influence of national culture on the behavior of enterprises by comparing two countries -Ukraine and Slovakia. The data is based on the original author's own research on the enterprises of Ukraine and Slovakia. The paper is investigated why and how cultural factors (informal institutions) may influence the perception of co...

ОСТАПЕНКО Наталія, аспірант Таврійського національного університету ім. В. І. Вернадського ОЦІНЮВАННЯ ТРАНСАКЦІЙНИХ ВИТРАТ ПІДТРИМКИ МАЛОГО ПІДПРИЄМНИЦТВА 0 Розглянуто основні види трансакційних витрат, що виникають під час взаємо-дії економічних агентів у процесі підтримки малого підприємництва, визначено та класифіковано основні види цих витрат,...

The article provides the scientific fundamentals for formation of the institutional & econom-ic mechanism in supporting small business. Major components and elements of the given mecha-nism are defined, the scheme of its functioning is considered. Постановка проблеми. У сучасних умовах сектор малого підприємництва стикається з багатьма проблемами,...

2012 рік. Випуск 10. Частина 1. 317 Мале підприємництво відіграє важливу роль у ринковій економіці: стимулює економічне зростання, підвищує рівень зайнятості населення, сприяє формуванню «середнього класу» суспільства, а також виробляє більш ніж 50% ВВП у розвинених країнах. Однак в Україні цей сектор досі не посів свого місця в економіці, що поясн...

УДК 336:64 ФИНАНСИРОВАНИЕ МАЛОГО ПРЕДПРИНИМАТЕЛЬСТВА В УКРАИНЕ Введение. Успешное развитие малого предпринимательства является необходимым условием экономического роста страны рыночной экономики. Реверчук С.К [1] считает, что достигнув своей критической массы (120-150 единиц малых предприятий на 10000 лиц населения), этот сектор должен способствова...

http://voxukraine.org/2015/09/09/economic-freedoms-in-ukraine-what-has-changed-after-the-maidan-eng/