Government’s policy during the financial crisis of 2008-2009 in Ukraine: mitigating the social impact of economic recession
The global financial crisis of 2008–2009 has played a significant role in the decline of financial and economic activity, affecting the real and financial sectors, as well as the reduction of real income households. Accordingly, the economic recession of 2008-2009 in Ukraine affected the main macro...
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| Format: | Article |
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Akademia Zamojska
2016-12-01
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| Series: | Facta Simonidis |
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| Online Access: | https://czaz.akademiazamojska.edu.pl/index.php/fs/article/view/174 |
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| _version_ | 1850086606795440128 |
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| author | Marharyta Chabanna |
| author_facet | Marharyta Chabanna |
| author_sort | Marharyta Chabanna |
| collection | DOAJ |
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The global financial crisis of 2008–2009 has played a significant role in the decline of financial and economic activity, affecting the real and financial sectors, as well as the reduction of real income households. Accordingly, the economic recession of 2008-2009 in Ukraine affected the main macroeconomic and social indicators. The negative social impact was escalated by the lack of social reforms. In such a situation, the growing government spending on social welfare and social benefits caused the increase in electoral support. This situation has led to an increase in nominal income of households in the short term, but impeded the social reforms and did not promote economic development in the long run.
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| format | Article |
| id | doaj-art-35ad39f2b5634612b8236eb5bb9f2e5e |
| institution | DOAJ |
| issn | 1899-3109 2956-4085 |
| language | deu |
| publishDate | 2016-12-01 |
| publisher | Akademia Zamojska |
| record_format | Article |
| series | Facta Simonidis |
| spelling | doaj-art-35ad39f2b5634612b8236eb5bb9f2e5e2025-08-20T02:43:25ZdeuAkademia ZamojskaFacta Simonidis1899-31092956-40852016-12-019110.56583/fs.174Government’s policy during the financial crisis of 2008-2009 in Ukraine: mitigating the social impact of economic recessionMarharyta Chabanna The global financial crisis of 2008–2009 has played a significant role in the decline of financial and economic activity, affecting the real and financial sectors, as well as the reduction of real income households. Accordingly, the economic recession of 2008-2009 in Ukraine affected the main macroeconomic and social indicators. The negative social impact was escalated by the lack of social reforms. In such a situation, the growing government spending on social welfare and social benefits caused the increase in electoral support. This situation has led to an increase in nominal income of households in the short term, but impeded the social reforms and did not promote economic development in the long run. https://czaz.akademiazamojska.edu.pl/index.php/fs/article/view/174social policyfinancial crisis of 2008-2009government spendingsocial welfaresocial benefits |
| spellingShingle | Marharyta Chabanna Government’s policy during the financial crisis of 2008-2009 in Ukraine: mitigating the social impact of economic recession Facta Simonidis social policy financial crisis of 2008-2009 government spending social welfare social benefits |
| title | Government’s policy during the financial crisis of 2008-2009 in Ukraine: mitigating the social impact of economic recession |
| title_full | Government’s policy during the financial crisis of 2008-2009 in Ukraine: mitigating the social impact of economic recession |
| title_fullStr | Government’s policy during the financial crisis of 2008-2009 in Ukraine: mitigating the social impact of economic recession |
| title_full_unstemmed | Government’s policy during the financial crisis of 2008-2009 in Ukraine: mitigating the social impact of economic recession |
| title_short | Government’s policy during the financial crisis of 2008-2009 in Ukraine: mitigating the social impact of economic recession |
| title_sort | government s policy during the financial crisis of 2008 2009 in ukraine mitigating the social impact of economic recession |
| topic | social policy financial crisis of 2008-2009 government spending social welfare social benefits |
| url | https://czaz.akademiazamojska.edu.pl/index.php/fs/article/view/174 |
| work_keys_str_mv | AT marharytachabanna governmentspolicyduringthefinancialcrisisof20082009inukrainemitigatingthesocialimpactofeconomicrecession |