An economic model to assess the effectiveness of economic cooperation between Ukraine and international non-government organization

Olena Durman,Elzara Topalova,Mykola Durman,Lyubomyr Grytsak,Oksana Zhiliaieva

doi:10.15549/jeecar.v8i1.640

Abstract

This study aimed to develop an econometric model for assessing the effectiveness of economic international cooperation between Ukraine and international non-governmental organizations. Based on the cognitive modeling method, the key indicators of the model influencing the socio-economic development of Ukraine were determined. With the cognitive map's help, the links' qualitative characteristics have been identified and argued between the socio-economic indicators of the country's development and the amount of funding attracted from foreign non-governmental organizations. The direction of influence between the indicators of socio-economic development and the volume of investment was determined using economic laws and expert assessments with the involvement of 35 professional experts. The scenario analysis made it possible to analyze the changes in the country's socio-economic development due to changes in the size and structure of investment funds receiving from international non-governmental organizations.

Highlights

The beginning of the new millennium has been marked by the active development of globalization processes and the strengthening of the role of civil society institutions in the world arena, a key place among which belongs to non-governmental organizations (NGO) (Latif & Williams, 2017; Rigolon & Gibson, An economic model to assess the effectiveness of economic cooperation...2021; Harangozó & Zilahy, 2015)
The “+” designations near the graph arc reflect the positive influence of the indicator located at the base of the arc on the indicator located at the top of the arc; "-" negative influence. This map shows the impact of investments received within the provision of ICCs, the implementation of educational projects, and projects Decentralization Offering Better Results and Efficiency (DOBRE), U-LEAD and the Konrad Adenauer Foundation on Ukraine’s socioeconomic development and reflects formalized and structured relationships between indicators of attracted investments and socioeconomic development of the country
This study has presented an assessment of the effectiveness of international non-governmental organizations' participation by financing many projects in ensuring the socio-economic development of Ukraine

Summary

Introduction

The beginning of the new millennium has been marked by the active development of globalization processes and the strengthening of the role of civil society institutions in the world arena, a key place among which belongs to non-governmental organizations (NGO) (Latif & Williams, 2017; Rigolon & Gibson, An economic model to assess the effectiveness of economic cooperation...2021; Harangozó & Zilahy, 2015). NGOs' activation and influence on world politics has been facilitated by their participation in a series of international conferences in the first half of the last decade. They significantly squeezed out such traditional actors as states, international government organizations, and transnational corporations (Latif & Williams, 2017). NGOs are involved in all spheres of international relations. Most often they focus their attention on the problems of protecting human rights (28.50%), education (12.69%), social (12.15%), and economic problems (6.13%) (International Monetary Fund, 2020a; The World Bank, 2021)

Objectives

Methods

Results

Discussion

Conclusion