Estimation of economic specialization of Ukrainian regions in the context of global trends

2019 ◽  
pp. 24-31
Author(s):  
Svitlana Ishchuk ◽  
Lyubomyr Sozanskyy
Keyword(s):  
National Economy ◽  
Economic Activity ◽  
Commodity Prices ◽  
Value Added ◽  
High Tech ◽  
Agricultural Commodity ◽  
Macroeconomic Factors ◽  
Gross Value Added ◽  
Its Regions ◽  
Economic Specialization

The scale and deep heterogeneity of the national economy of Ukraine in the regional context make the relevance of scientific research in this thematic area. The purpose of the article is to determine the economic specialization of the regions of Ukraine by key economic activities contributing to the formation of gross value added, as well as outlining the potential risks to the national economy, taking into account the situation on world commodity markets. The results of the research showed that one of the consequences of the unstable dynamics of industrial production in Ukraine under the influence of geopolitical and macroeconomic factors is the reduction of industrial specialization of the economy of a number of Ukrainian regions. Thus, in 2017 the manufacturing was the leading economic activity (with the highest share in the gross value added created) in 11 regions, compared to 15 in 2012. So Poltava, Donetsk, Dnipropetrovsk and Zaporizhzhya regions are considered to be “highly industrial”. At the same time, the agrarian specialization of the economy of Ukraine and its regions deepened – in 2017 agriculture became the leading type of economic activity in 11 regions (compared to 7 in 2012). The most “agrarian” in Ukraine (with a share of agriculture in gross value added over 30%) in 2017 became the Kherson, Kirovohrad and Khmelnytsky regions. Increasing the level of “agrarianization” of the national economy in the context of volatility of agricultural commodity prices on the world markets poses significant risks for the socio-economic development of Ukraine and its regions. These risks are exacerbated by the high amplitude of fluctuations in the volume and structure of domestic agricultural products and the low degree of processing of raw materials. To improve the structure of domestic commodity exports (in the direction of increasing its share of products with a higher degree of processing) and to deepen its diversification, a number of measures should be carried out aimed at stimulating export activity of enterprises (industrial and agro-industrial), carrying out technical and technological re-equipment of industrial and export production bases, creation of new high-tech industries on the basis of the implementation of powerful innovation and investment projects.

Current Trends in the International Economic Activity of Ukraine

2021 ◽  
pp. 47-55
Author(s):  
Ljudmila Romaniuk ◽  
Keyword(s):  
International Economic ◽  
Economic Performance ◽  
Economic Activity ◽  
Public Diplomacy ◽  
Technological Development ◽  
Value Added ◽  
Machine Building ◽  
Raw Material ◽  
High Tech ◽  
Economic Relations

International economic activity occupies a special place in a complex system of the global economic relations. It reflects the mutual economic dependence of trade and economic activities of different countries of the world. The significance of the development of international economic performance of each country is growing. The purpose of the article is to determine the current state and trends of international economic performance of Ukraine, taking into account changes in the external environment. SWOT-analysis was introduced to identify strengths, weaknesses, opportunities, threats and ways to overcome weaknesses, solve problems in international economic activity, use strengths and opportunities. International economic activity is a powerful factor in the development of the country's economy and has a significant potential in regard of natural, economic and human resources, but the study has also revealed problems and negative trends. To identify trends in the effectiveness of the country's international economic activity, export-import performance indicators for 2019, 2020 and similar indicators for 2013 were analyzed. In 2020 a decline in exports in the machine-building industry is observed. Furthermore, the exports are dominated by the raw material component. The growth rate of exported goods refers to industries with a small share of value added. At the same time, imports are dominated by high-tech products, indicating a lack of strategy of technical and technological development, which leads to the deindustrialization of the country, which is a significant threat to the economy of Ukraine as a whole and its international economic activity. In the context of economic globalization, the importance of international economic relations is growing. To increase the efficiency of international economic performance it is crucial to address a number of domestic issues: stabilization of political situation, termination of military actions in the east of the country, overcoming corruption, ensuring technical and technological development, implementation of innovations at enterprises, development and implementation of multi-vector strategy, implementation of the strategy of public diplomacy in order to build a positive image of Ukraine. Further research will focus on assessing the effectiveness of international economic activity, identifying threats to national competitiveness and elaborating recommendations for overcoming them.

scholarly journals A regional dimension of the Russian export: Assessment of spatial and sectoral differentiation

2020 ◽  
Vol 21 (2) ◽  
pp. 60-75
Author(s):  
Elena Andreeva ◽  
Dmitriy Karkh ◽  
Artem Ratner
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Mechanical Engineering ◽  
Spatial Differentiation ◽  
Federal State ◽  
High Tech ◽  
Export Diversification ◽  
High Importance ◽  
Its Regions ◽  
Federal Districts

The problem of export diversification remains pressing for Russia, which needs to increase the share of the non-resources exports, and in particular, the share of higher valueadded products. The paper aims to examine the spatial differentiation of the Russian exports by various entities (federal districts, regions, top exporting companies), including in the sectoral context, and for the latter considers the most important machines and equipment sector. The methodological basis of the research rests on regional and spatial economics and theories of foreign economic activity. The paper applies economic-statistical methods, including the corre lation analysis. The authors examine Russia and its regions’ exports for 2013–2018 based on the data of Russia’s Federal State Statistic Service and Federal Customs Service and reveal “consist ency” between production and export of mechanical engineering products in the four groups of regions. The analysis demonstrates high importance of the resources export for the national economy and high spatial differentiation of exports, including of the non-resources ones. Dur ing 2013–2018, the mechanical engineering production and export grew in 27 regions, how ever, on average, high-tech production is more focused on the domestic market. The analysis confirms the significance of export as a channel of production preservation and can serve as a contribution to justify the necessity to develop the new industrial export specialisation. The results of the research can be of use to the institutions of economic development (government authorities) to outline the perspectives of the regional development of export.

scholarly journals The Shift-Share Method: An Instrument for Analyzing the Dynamics of Industry Structure of the Economy

2020 ◽  
Vol 87 (4) ◽  
pp. 36-47
Author(s):  
Т. Ye. Trubnik ◽  
О. К. Mazurenko
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Financial Services ◽  
Rapid Development ◽  
Value Added ◽  
Economic Activities ◽  
Gross Value Added ◽  
Regional Factors ◽  
Bank System ◽  
The Impact

The socio-economic events of the latest years and uncertainties in the vectors of development of the economic environment cause the need for robust statistical assessment. An important area of studies of the modern economy is determining the type of economic growth. The shift-share method is applied to determine the effect of the impact of national, industrial and regional factors on the dynamics of economic growth. The shares of effects (effects of the impact) caused by national economy trends, industry mix and region-specific factors are identified and analyzed. The position of economic activities in the industry mix of the Kyiv economy is analyzed and assessed by indicators of gross value added and number of employees with consideration to three components. The impact of each of them caused by the national factors, the established industry mix of the national economy and the internal competitiveness of a specific industry of the region are characterized. Factor decomposition of the change in the indicators caused by the national component, industry-specific and region-specific effects reveals that the overall growth in the gross value added by economic activity in Kyiv is to a large extent conditional on the effective industry policy and to the least extent on regional factors. However, the employment reduction in the Ukrainian capital was caused by the impact of national and industry factors, and was not compensated by the positive local effect. It is revealed that the stable flagship position is taken by financial and insurance activities, in spite of recent reforms in the bank sector with cleansing the bank system from ineffective and nontransparent entities. Kyiv remains to be the core center for concentration of financial services. The progressive growth in the construction market meets the needs of the megalopolis with its increasing population. The residents’ desire to expand the dwelling size and improve the living conditions helps improve business climate in the construction sector, increase its growth rates and share in the gross regional product (indirectly, through the gross value added).       The section “Information and telecommunications” stands steadily on the top positions. Its rapid development, as a signal of the digital economy, enables for momentary exchanges of information and services on the domestic and external market, thus creating favorable prospects.   The analysis of the composition of the problem group and the outsider group among the economic activities reveals the stable presence of manufacturing and social industries. Enterprises of the sections “Manufacturing”, “Supply of electricity, gas, steam and conditioned air”, “Supply of water, sanitation, treatment of wastes” have a stock of problems and system drawbacks; they suffer from lack of investment and innovation, they have no strong orientation on the challenges of modernity and market needs, which weakens the positions of the Ukrainian capitals’ economy as the industrial center. It is proposed to use the graphic method for illustrating the distribution of economic activities in Kyiv by quality characteristics of operation. The factors accelerating or hampering the development of economic activities in the region are determined. Recommendations on management decisions related with future operation of industries referred to as “leaders”, “regulars”, problematic industries and outsiders are given.

scholarly journals The Latest Forms and National Models of Regulation by Fundamental Scientific Research

2020 ◽  
pp. 9-17
Author(s):  
Oleksandr Levchenko ◽  
◽  
Amin Al-Ghazali ◽  
Keyword(s):  
National Economy ◽  
Social Practice ◽  
Scientific Research ◽  
Value Added ◽  
High Tech ◽  
Public Consumption ◽  
Sensory Image ◽  
Image Models ◽  
Knowledge Intensive ◽  
Social Competences

The purpose of the publication is to generalize approaches to understanding the essence of the processes of fundamental scientific research in the context of studying the peculiarities of the use of traditional and modern forms of their regulation, as well as national emphases of administrative administration models in academic fields. The form of public regulation of fundamental scientific research is considered as a means of influencing the subject of regulation on its object, which is embodied in a specific way of exercising powers to streamline the activities of social networks to encourage the desired model for the formation of fundamental cognitive social competences and inclusive competences. Social capital within the functioning of innovation-oriented sociovital ecosystems of the post-industrial economy. The national varieties of neoliberal, conservative-corporatist (continental), social-democratic and paternalistic models of fundamental scientific research optimization in the context of the implementation of the state's socio-economic policy on the regulation of intellectual services markets are studied. The functions of the process of formation and application of forms and models of fundamental scientific research regulation are the constant expansion of public consumption resources and the formation of knowledge-intensive sources of increasing the level of collective welfare; management of the design and structure of the complex of unproduced assets of national wealth, goods produced by the real sector of the national economy/services provided by the social sector of the national economy, tangible and intangible assets with high potential for value added; formation of high-tech services based on the use of basic concepts and meeting consumer expectations in them; development of logically substantiated fundamental scientific theories of formation, updating and use of fundamental scientific knowledge, concepts and sensory-image models of the scientific picture of the world with the possibility of further use in social practice.

scholarly journals Cluster analysis of the impact of blockchain technologies upon the development of the sectors of national economy

2021 ◽  
pp. 15-28
Author(s):  
Marat Rashitovich Safiullin ◽  
Azat Rafikovich Sharapov ◽  
Leonid Alekseevich Elshin
Keyword(s):  
Cluster Analysis ◽  
Russian Federation ◽  
National Economy ◽  
Economic Activity ◽  
Business Models ◽  
Value Added ◽  
Economic Environment ◽  
Economic Sectors ◽  
The Russian Federation ◽  
The Impact

Prospects for the development of national economy in the context of integration of blockchain technologies into the system of economic processes testify necessitate elaboration of the methods and algorithms for formalized assessment of their impact upon the key parameters of socioeconomic dynamics. If within scientific-and-expert space, one may occasionally come across the works dedicated to separate aspects of this scientific methodological problem, the questions of the impact of blockchain technologies upon individual economic sectors are yet to be explored within the information-analytical and scientific space. The methods of empirical research of the impact of blockchain technologies upon the parameters of economic development currently did not find their consolidated solution, and are of fragmentary nature. This research is an attempt to strengthen the positions of formalized approaches towards examination of the articulated scientific and practical problem. The subject of this research is the economic relations of economic agents pertaining to implementation of blockchain technologies in the economic activity and formation of the new business models. The object is the types of economic activity of the national economy of the Russian Federation and their sensitivity to the diffusion of blockchain technologies. The article offers an algorithm for studying the dynamics of gross value added of the economic sectors of the Russian Federation through the prism of possible transformation of the key parameters of functionality of the financial and real sectors of the economy as a result of diffusion of blockchain technologies. Leaning on the advanced hypotheses, the author builds co-integration models for the indicated types of economic activity, which reveal the contribution of exogenous factors that are being adjusted under the pressure of infiltration of the distributed data storage technologies into the economic environment to the degree of incremental value added. This allows conducting cluster analysis of the economic sectors under review in accordance of their sensitivity to institutional changes caused by integration of the blockchain technologies into the economic environment.

scholarly journals CONCEPTUAL PRINCIPLES OF EVALUATION OF ACTIVITIES OF ENTERPRISES AND THEIR CAPITALIZATION BASED ON VALUE ADDED

2018 ◽  
Vol 20 (3(68)) ◽  
pp. 155-164
Author(s):  
YU.A. NAZARENKO
Keyword(s):  
Gross Domestic Product ◽  
Economic Activity ◽  
Value Added ◽  
Point Of View ◽  
Gross Regional Product ◽  
Conceptual Basis ◽  
Gross Value Added ◽  
Main Indicator ◽  
Adequate Representation ◽  
Regional Product

Topicality. In today's financial and economic analysis of the company's main indicators are output and profit, but they have significant disadvantages. The indicator "output" includes the results of the activities of suppliers of goods and services and, accordingly, does not provide adequate representation about the results of the enterprise itself. And the indicator "profit" reflects the interests of only the owners of the enterprise. Its use encourages lower wages, social security financing and employee training, and also indicates a contradiction between the interests of society and the owners of enterprises. All this determines the relevance of the definition of indicators that will ensure an adequate representation of the results of the enterprise and a single conceptual framework for assessing the results of economic activity at the micro, mega and macro levels. Aim and tasks. Analyze the existing indicators of assessing the effectiveness of the enterprise, to determine their main disadvantages. Consider the possibility of using the indicator �gross value added� as the main indicator of an enterprise. Conduct a comparative analysis of the possibility of using different variants of the indicator �value added� to assess the performance of an enterprise. Consider using the indicator �gross value added� as a conceptual basis for evaluating the economic activities at the micro, mega and macro levels.. Research results. As the main indicators of the enterprise, using "output" and "profit". The first indicator consists of gross value added and intermediate consumption. The latter is the result of the activities of other enterprises. In this case, the external contribution can be decisive, and therefore the indicator "output" does not provide adequate representation of the results of enterprises. Another key indicator of enterprise activity is profit. At orientation to it, payment of labor, financing of social security and training of employees is the cost of the enterprise and the less they are, the greater the profit of the enterprise. But in modern conditions, in order to ensure sustainable economic development of a separate enterprise and the country as a whole, it is important to consider that hired workers are carriers of intellectual capital. Loss or reduction of this capital may lead to more significant losses than loss of physical and financial capital. Under such conditions, it is advisable to use the indicator "gross value added" as the main indicator of the effectiveness of the enterprise. Based on this indicator, the main result of the country's economic activity (gross domestic product) and regions (gross regional product) is determined. Gross value added is a very important indicator in terms of meeting the needs of all stakeholders in the productive activity of the company's: employees, owners of the enterprise, the state. The "gross value added" indicator is the main indicator of the company's activities from the point of view of the interests of the whole society, and the indicator "profit" is the main one from the point of view of the owners of the enterprise. The presence of these two indicators reflects the contradiction between the interests of society and the owners of enterprises. The use of the indicator "gross value added" as the main indicator of the company's activity provides a single conceptual basis for assessing the results of economic activity at the micro, mega and macro levels. The study of literary sources suggests the use of different indicators "value-added" to assess the performance of the enterprise. The greatest recognition was given to the "Economic Value Added" (EVA), "Shareholder Value Added " (SVA) and "Market Value Added" (MVA). According to the results of the analysis of these indicators, it was concluded that their general disadvantage is that they reflect the interests of the owners of the enterprise, and not society. Conclusions. Gross value added has a greater analytical value than profit, because, firstly, it gives a more adequate representation of the results of enterprises, and secondly, it determines the potential for capital accumulation. The use of this indicator provides a single conceptual framework for assessing the results of economic activity at the micro, mega-and macro level, since gross domestic product (GDP) and gross regional product (GRP) consist of the gross value added of all institutional units (residents), respectively, of the country and region.

scholarly journals The Evaluation of Efficiency of Polish Agriculture

2015 ◽  
Vol 63 (1) ◽  
pp. 175-183 ◽  
Author(s):  
Piotr Bórawski ◽  
Mariola Grzybowska-Brzezińska ◽  
James William Dunn
Keyword(s):  
Trade Balance ◽  
Value Added ◽  
Social Functions ◽  
Macroeconomic Factors ◽  
Land Prices ◽  
Gross Value Added ◽  
Intermediate Consumption ◽  
Balance Of Trade ◽  
The Common ◽  
The Impact

The objective of the paper was to recognize the efficiency of Polish agriculture. We have studied data from Main Statistical Office (MSO) and compared the efficiency in the years 2000–2010. The data proved that the efficiency of Polish agriculture improved in the analyzed period. To measure the impact of macroeconomic variables we introduced these into the regression model. The macroeconomic factors included: X1 (nominal prices of land), X2 (land prices expressed in dt), X3 (inflation), X4 (investment in agriculture and hunting), X5 (balance of trade) and X6 (GDP). We wanted to recognize the impact of macroeconomic factors on: Y1 (gross output), Y2 (intermediate consumption), Y3 (gross value added). Multiple regression was used to measure the impact of macroeconomic factors on global production of agriculture. The strongest impact on gross value added had: X4 (investment in agriculture and horticulture) and X4 (trade balance). Poland is a member of European Union and the Common Agricultural Policy has improved the situation in agriculture. There are about 2 100 000 farms in Poland but only 300 000–400 000 are producing for the market. Other farms have social functions and are place for work for rural inhabitants.

scholarly journals Optimisation of the relationship between structural parameters of the processing industry as a way to increase its efficiency

2020 ◽  
Vol 12 (2) ◽  
pp. 7-20
Author(s):  
Svitlana Ishchuk ◽  
Luybomyr Sozanskyy ◽  
Ryszard Pukała
Keyword(s):  
Mathematical Proof ◽  
Structural Parameters ◽  
Value Added ◽  
High Tech ◽  
Processing Industry ◽  
Gross Value Added ◽  
Intermediate Consumption ◽  
Output Structure ◽  
The Impact ◽  
The Relationship

AbstractIndustry, which on average accounts for about 60% of commodity exports in the EU-28, with over 58% resulting from the processing industry, plays a key role in ensuring the competitiveness of EU countries. The article aims to simulate the influence of structural processing industry parameters on the industry's efficiency. Correlation methods and the regression analysis were used to substantiate the hypotheses regarding the effect that the share comprised of high-tech and medium-high-tech industries has on the output structure, and the impact made by the share of imports in the intermediate consumption of those industries on the efficiency (the share of gross value added (GVA) in output) of the processing industry. Based on the criteria indicating the increased technological level and reduced import dependence, economic and mathematical models of optimisation were created for the output structure and intermediate consumption of the processing industry, which were then solved using the linear programming method. The authors present the mathematical proof of the relationship between the change in structural parameters (shares of high-tech and medium-tech industries and the share of imports in the structure of their intermediate consumption) of the processing industry and the ratio of the gross value added/output. The results of the simulation, which were based on data from the European Statistical Office and the Organization for Economic Cooperation and Development, provide an analytical basis for selecting industrial policy benchmarks.

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