STRUCTURAL TRANSFORMATION OF THE UKRAINIAN ECONOMY AS A PRECONDITION FOR EUROPEAN INTEGRATION AND ACCELERATED ECONOMIC GROWTH

2019 ◽  
pp. 164-175
Author(s):  
Viktor Halasiuk
Keyword(s):  
Economic Growth ◽  
European Integration ◽  
Structural Transformation

From universalism to individualism: New approaches to economic growth analysis

2019 ◽  
pp. 108-126
Author(s):  
Ivan L. Lyubimov
Keyword(s):  
Economic Growth ◽  
Structural Transformation ◽  
Emerging Economies ◽  
Growth Analysis ◽  
Extended Period ◽  
Economic Policies ◽  
Adequate Account ◽  
New Approaches ◽  
Catching Up

This paper examines the evolution of academic and applied approaches to analyze the problem of economic growth since the mid-XX century. For quite an extended period of time, these views were corresponding to universalist economic policies taking no adequate account of particularities and limitations that a certain catching-up economy embodied. New approaches analyzing the problems of economic growth, on the contrary, individualize growth diagnostics, structural transformation and the organization of reforms processes for the emerging economies. We argue that individualist approaches might be potentially more effective than the universalist ones for solving the problem of slow economic growth.

Anti-crisis measures or structural reforms: Russia’s economic policy in 2015

2016 ◽  
pp. 5-33 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Structural Transformation ◽  
Growth Model ◽  
Emerging Economies ◽  
Social Issues ◽  
Import Substitution ◽  
Structural Reforms ◽  
Energy Prices ◽  
New Models

The paper deals with 2015 trends and challenges for social and economic policy in the nearest future. The analysis of global crisis includes: uneven developments in the leading advanced and emerging economies; new models of economic growth which look differently in different countries; prospects of globalization and challenges of ‘regional globalization’; currency configurations of the future; energy prices dynamics and its influence on political and economic prospects of particular states. Current challenges are discussed in the context of previous 30 years. Among the main topics on Russia, there are approaches to a new growth model, structural transformation (including import substitution issues), economic dynamics, budget and monetary outlines, social issues. The priorities of economic policy are also considered.

scholarly journals OVERCOMING THE CONSEQUENCES OF UKRAINIAN MANUFACTURING DEINDUSTRIALIZATION IN THE CONTEXT OF EUROPEAN INTEGRATION

2021 ◽  
Author(s):  
Natalia Gakhovich ◽  
◽  
Oksana Kushnirenko ◽  
Liliia Venger ◽  
◽  
...  
Keyword(s):  
European Integration ◽  
Structural Transformation ◽  
Industrial Development ◽  
Manufacturing Industry ◽  
Structural Changes ◽  
Population Aging ◽  
Developed Countries ◽  
Industrial Sector ◽  
Added Value ◽  
Technological Leadership

In the paper, we investigate the main causes and consequences of de-industrialization manufacturing and identify important factors influencing the structural transformation of the industrial sector through the prism of global technological challenges. Important challenges identified include environmental challenges of the threatening impact of climate change, digitalization in all spheres of public life, the technological leadership of developed countries in context field of Industry 4.0, changes in the geopolitical landscape and trade conflicts between countries; migration and population aging; changes in competencies and retraining of employees to acquire digital skills; cybersecurity and volatility threats; quarantine amid the COVID-19 pandemic. The current structural imbalances of Ukrainian industrial development are considered and the current state and dynamics of structural changes in the Ukrainian economy in technological, reproduction, sectoral and foreign economic dimensions are analyzed. Crisis trends in the Ukrainian industry developed long before the start of the COVID-19 pandemic: comparing the structure of Ukrainian industry by type of economic activity, a decrease in the share of the manufacturing industry, a loss of production potential for a number of high-tech industries (automotive industry, instrument making, shipbuilding) and a decrease in added value in manufacturing industry with Ukraine's establishment as an independent state in which profound political, social and economic reforms have begun to take place. The analysis made it possible to determine further opportunities for industrial development, taking into account harmonization with European trends in digital and green transformations in industry. Based on the research results, complex directions for solving structural imbalances in industry at interrelated levels are proposed: state, regional and local levels. Overcoming the consequences of Ukrainian manufacturing deindustrialization in the context of European integration is dependent on developing and implementing relevant policy of manufacturing modernization and principles of the "circular economy"; integration into strategic value chains; creating conditions for training personnel with digital competencies; development of an innovative infrastructure – scientific, industrial, technological parks, innovation clusters and business-incubators. This will lead to the development and introduction of domestic innovation in production, which in turn should inspire further progress in the innovation structural transformation in Ukrainian economy and help to enhance national competitiveness and achieve sustained economic growth.

scholarly journals Structural Transformation to Manufacturing and Services: What Role for Trade?

2019 ◽  
Vol 36 (2) ◽  
pp. 32-71 ◽  
Author(s):  
Kym Anderson ◽  
Sundar Ponnusamy
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Gross Domestic Product ◽  
General Equilibrium ◽  
Structural Transformation ◽  
Equilibrium Model ◽  
National Policy ◽  
Annual Data ◽  
Declining Industries ◽  
Different Types

Understanding how and why economies structurally transform as they grow is crucial for making sound national policy decisions. Typically, analysts who study this issue focus on sectoral shares of gross domestic product and employment. This paper extends those studies to include exports, including exports of services. It also considers mining, in addition to agriculture and manufacturing, and recognizes that some of the products of these four sectors are nontradable. The section on theory presents a general equilibrium model that provides hypotheses about structural change in different types of economies as they grow. These are then tested econometrically with annual data for the period 1991–2014 for a sample of 117 countries. The results point to the futility of adopting protective policies aimed at slowing deagriculturalization and subsequent deindustrialization in terms of sectoral shares, since those trends inevitably will accompany economic growth. Fortuitously, governments now have more efficient and equitable ways of supporting adjustments needed by people who choose or are forced to leave declining industries.

scholarly journals Africa: A Political Economy of Continued Crisis

Afrika Focus ◽  
2018 ◽  
Vol 31 (2) ◽  
pp. 23-46
Author(s):  
Ray Bush
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Structural Transformation ◽  
Capital Accumulation ◽  
World Economy ◽  
Added Value ◽  
The World ◽  
Democratic Control ◽  
Extractive Economies ◽  
Africa Rising

This article deepens critique of the Africa rising trope and the policies promoted by neo liberals to promote development on the continent. It revisits the economic growth literature and it shows how the weakly formulated views about African growth are merely self serving of limited, mostly western, investment interests that remain centred on extractive economies rather than helping to promote sustainable structural transformation with added value that can be retained in Africa. There have always been periods of economic growth in Africa but opportunities for this to be sustained do not lie with greater integration with the world economy. Instead they lie with, among other things, local political and economic struggles in Africa for greater democratic control of capital accumulation.

Growth and Structural Transformation In the Waemu Countries

2019 ◽  
pp. 631-656
Author(s):  
Tchétché N’Guessan
Keyword(s):  
Economic Growth ◽  
Structural Transformation ◽  
Monetary Union ◽  
Gross National Product ◽  
Swot Analysis ◽  
West African ◽  
Economic And Monetary Union ◽  
Total Production ◽  
The West ◽  
Agricultural Employment

This chapter examines the extent to which the new economic growth that began in 2000 in the West African Economic and Monetary Union (WAEMU) has led to the structural transformation of member countries. To answer this question, four indicators of structural transformation are used: the share of final consumption in the gross national product, the share of each sector in total production, the decline of agricultural employment, and the diversification of the exports of WAEMU member countries. After discussing these indicators in greater detail, the chapter provides a background on WAEMU as well as the evolution of economic growth in member countries. It then considers the structural transformation of the WAEMU economies and presents a SWOT analysis emphasizing these economies’ principal strengths, weaknesses, and opportunities, and the threats to them. It also offers recommendations for removing obstacles to the structural transformation of the WAEMU economies.

Trade and Structural Change Over Two Centuries

2019 ◽  
pp. 174-190
Author(s):  
Giovanni Federico ◽  
Antonio Tena-Junguito
Keyword(s):  
Economic Growth ◽  
Structural Transformation ◽  
World Trade ◽  
Trade Costs ◽  
Current Level ◽  
Long Term Changes ◽  
Constant Market Share Analysis ◽  
Constant Market Share ◽  
Time Invariant

This chapter examines the causal relationship between world trade and structural transformation from 1800 to the present. It first provides an overview of the growth of world trade since 1800 before discussing the link between openness and globalization, with a focus on long-term changes in export/GDP ratios at current prices for different time-invariant samples of countries. It then considers the effect of structural transformation on world openness based on a constant market share analysis. It shows that the current level of globalization is unprecedented and that the rise in openness—and thus the potential for trade-fostered economic growth—took place primarily in 1830–1870 and in 1972–2007. The chapter also finds that the movements in openness were largely driven by the residual changes in trade costs and, in more recent times, the development of international supply chains.

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