THEORETICAL BASICS OF SELECTIVE REGULATION OF COMMODITY MARKETS SYSTEMS IN CONDITIONS OF INSTABILITY

Abstract

Topicality. In the conditions of structural disproportions in the development of commodity markets, there is a need to implement mechanisms and measures of selective regulation of vertically adjacent commodity markets, which allow effective use of the resource potential of the national economy. In conditions of instability, traditional methods and tools for regulating economic systems are ineffective. Unforeseen changes in the external environment encourage the development of new mechanisms and measures to regulate the improvement of commodity market systems.Aim and tasks. The purpose of the article is to substantiate the theoretical foundations of selective regulation of commodity market systems based on a reproduction approach in conditions of instability.Materials and Methods. The results of the theoretical generalization of scientific works and methodological approaches in the field of state regulation of commodity markets, highlighted in publications of a fundamental and applied nature, as well as statistical data of the State Statistics Service of Ukraine form the material and methodological basis of the study. The following methods of systemic, structural-logical, comparative, and statistical analysis were used to solve the tasks.Research results. The conceptual-categorical research apparatus has been improved, the concept of selective regulation of commodity market systems has been proposed. A comparative analysis of the objects of selective regulation was carried out, their differences in terms of tasks, regulatory mechanisms, degree of influence on the system and expected effects were determined.It has been established that the regulation of "gaps" in commodity and financial flows has a stabilizing effect on part of the market system and involves the use of administrative, organizational, economic, and institutional mechanisms and measures. The nature and typology of «gaps» in commodity and financial flows in market systems have been determined for a number of reasons. Selective regulation of «growth points» (resource-forming sectors) has a deep formative effect on the entire system of adjacent markets, changes (optimizes) its structure, and involves the use of complex regulatory mechanisms. Characteristic features of «growth points» are identified, a methodical approach to their determination based on the calculation of cross-sectoral balances of added value is proposed.Conclusion. On the basis of empirical studies, it has been proven that the «growth points» in market systems are precisely the processing sectors, which have the ability to effectively realize the resource potential of markets in conditions of instability. The scientific novelty of the study consists in the development of theoretical foundations of selective regulation of systems of adjacent commodity markets, based on the duality of objects of purposeful regulation («gaps» of commodity and financial flows and «growth points») with the help of complex mechanisms that adaptively combine different types of regulatory measures. The applied significance of the research results is determined by the possibility of their use as a scientific basis by state authorities during the development of adaptive mechanisms for selective regulation systems of commodity market.