Industrial development in decentralized conditions: experience of leading industrial countries and conclusions for Ukraine

Shovkun, Inna

doi:10.15407/eip2018.04.038

Cited by 6 publications

(3 citation statements)

References 16 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The movement from agrarian to industrial and service economies provides countries with socio-economic progress -rapid growth of real GDP and a way out of poverty. Significant are the examples of China and Vietnam, whose economies have transformed from poor agrarian economies to the newest industrial ones with high growth rates [21,34]. The movement in the opposite direction, as we can see, does not give similar results.…”

Section: The Transformation Of Ukraine's Economic Structure and Its I...mentioning

confidence: 70%

“…In the context of the search for effective economic policy instruments, the feasibility of introducing a smart specialization strategy based on a combination of science, technology, innovation, regional and industrial policies to facilitate the structural modernization of the economy has been proven [20]. The treatment of regional proportions and regional hierarchy in the national economy showed the priority of manufacturing development for the prosperity of regional population and proved that a key to increasing the economic prosperity of regions and overcoming the structural-territorial disproportionality is the deepening of the decentralization of state powers, developing a technology-based Industry 4.0 [21].…”

Section: Structural Change and Economic Growth: A Review Of Recent St...mentioning

confidence: 99%

See 1 more Smart Citation

Structural shifts: impact on productivity and growth of Ukraine's economy

Shovkun¹

2021

Economy and forecasting

View full text Add to dashboard Cite

The leading feature of the modern world has been the deep structural shifts caused by radical transformations of its industrial landscape. The corresponding transformations were caused by changes in the internal structure of national industrial sectors and were based on the technologies of the "fourth industrial revolution", whose emergence gave additional impetus to the structural transformation of the world economy, intensifying competition in global markets. The Covid crisis was a catalyst for accelerating changes in the intersectoral proportions of the world economy, complicating the existing structural problems. The study shows that the key feature of the model of structural changes that occurred in Ukraine's economy after the global financial crisis was the accelerated reduction of the industrial sector, especially the loss of potential of the processing industry, its technological simplification and narrowing the variety of industries. This was accompanied by increased dominance of the tertiary sector and the growth of the primary sector. Excessive share in the structure of production is occupied by industries, whose mode of reproduction is able to generate only relatively low rates of economic growth (mining and related industries of primary processing in industry and agriculture). Such a trend of structural shifts is not able to generate the necessary boost of economic growth, and much less so as it is burdened by the risks of deepening structural inconsistency of Ukraine’s economy with the cardinal changes taking place in the world economy. Comparison of parameters and trends of structural changes in Ukraine’s economy and in a comparable group of countries and the world as a whole shows that the changes in the structure of Ukraine’s economy were much higher, but did not create sufficient potential for sustainable economic growth. The author analyzes the gaps in labor productivity between economic activities and sectors of Ukraine’s economy, as well as changes in their dynamics, which leads to the conclusions about the relationship between the rates of technological development of different sectors of Ukraine’s economy and the gradual slowdown of the already imperfect technological development of this country’s industry with further loss of competitiveness. Estimated the degree of influence of such factors as investments and technological innovations, as well as shifts in the structure of employment on the increase of labor productivity in Ukraine’s economy. Using the apparatus of econometric modeling, the author evaluates the dependence of the dynamics of GDP growth on the change of the indices of the physical volume of GVA in the sectors of this country’s economy.

show abstract

Section: The Transformation Of Ukraine's Economic Structure and Its I...mentioning

confidence: 70%

Section: Structural Change and Economic Growth: A Review Of Recent St...mentioning

confidence: 99%

Structural shifts: impact on productivity and growth of Ukraine's economy

Shovkun¹

2021

Economy and forecasting

View full text Add to dashboard Cite

show abstract

“…The study of regional proportions and the hierarchy of regions in the national economy showed the priority of the development of manufacturing to ensure the well-being of regional population, and proved that the further decentralization of state powers, development of a new industrial sector based on Industry 4.0 technologies is the key to strengthening regional economic viability and overcoming structural and territorial disparities. (Shovkun, 2019a). The expediency is substantiated of implementing a development strategy based on the expansion of domestic market, and on its ability to meet the consumers' needs and to correct imbalances in foreign trade (Ostaško, 2019) (Shovkun, 2020).…”

Section: Structural Change and Economic Growth: A Literature Reviewmentioning

confidence: 99%

Structural change and economic growth in Ukraine

Shovkun

2022

Economy and Sociology

View full text Add to dashboard Cite

Deep structural shifts have been the leading feature of the modern world. The study considers the parameters and causes of structural change in the Ukrainian economy, as well as the relationship between structural change on the one hand, and labor productivity and economic growth on the other. The study shows that the accelerated reduction of the industrial sector, its technological simplification and narrowing the variety of industries were the key features of the structural changes model that occurred in Ukraine's economy after the global financial crisis. This was accompanied by increased dominance of the tertiary sector and the growth of the primary sector. Such a trend of structural shifts is not able to generate the necessary boost of economic growth.Comparison of parameters and trends of structural changes in Ukraine's economy and in a comparable group of countries and the world as a whole show that the changes in the structure of Ukraine's economy were more intensive, but did not create sufficient potential for sustainable economic growth. The author analyzes the gaps in labor productivity between economic activities and sectors of Ukraine's economy, as well as changes in their dynamics, which leads to the conclusions about the relationship between the rates of technological development of different sectors of Ukraine's economy and the gradual slowdown of the already imperfect technological development of this country's industry. Using the apparatus of econometric modeling, the author evaluates the dependence of the dynamics of GDP growth on the change of the indices of GVA in the sectors of this country's economy.

show abstract

Investment climate as a factor of industrial development in Ukraine

Shovkun¹

2019

Economy and forecasting

View full text Add to dashboard Cite

The designations employed and the presentation of material on any map in this work do not imply the expression of any opinion whatsoever on the part of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Photocopies and reproductions of excerpts are allowed with proper credits. This publication has been edited externally.

show abstract

Industrial development in decentralized conditions: experience of leading industrial countries and conclusions for Ukraine

Cited by 6 publications

References 16 publications

Structural shifts: impact on productivity and growth of Ukraine's economy

Structural shifts: impact on productivity and growth of Ukraine's economy

Structural change and economic growth in Ukraine

Investment climate as a factor of industrial development in Ukraine

Contact Info

Product

Resources

About