Analysis of regulatory policy in the context of sustainable development of eastern european countries
Safonov, Y., Abramova, A., Kotelevets, D., Lozychenko, O., Popov, O., Almazrouei, S.Z.H.K.
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The purpose of the article is to study the peculiarities of the implementation of regulatory policy on the example of Eastern European countries in the context of sustainable development. The methodological basis of the study is a comprehensive approach to the improvement of the methodology for determining the system of integral indicators of the implementation of the regulatory policy of economic development through the statistical analysis of the determination of the indicators of international ratings of the business environment and the assessment of the determining integral indicators of the regulatory policy according to the criterion of sustainable development. Completing the calculations of the proposed stages of the study made it possible to rank the countries selected for analysis. The article examines the factors of sustainable development of countries that generate a set of indicators of the factor load of the system of economic, social, innovative and infrastructural components based on the results of the implementation of the regulatory policy of the studied countries. The system of directions and measures for increasing efficiency, as well as improving the regulatory policy, which are expedient to implement in order to create conditions for the sustainable development of research objects, are substantiated. Based on the results of the research, it was established that the defining directions of improving regulatory policy in the context of sustainable development of Eastern European countries at the current stage are: increasing competitiveness, increasing economic activity of economic entities, improving public administration and regulatory tools. The proposed measures are aimed at improving the effectiveness of regulatory policy implementation.