СтаттяЗовнішня публікація1 березня 1992 р.

Macroeconomic Stability and Its Impact on the Economic Growth of the Country

Tetiana VasylievaORCIDSerhiy LyeonovORCIDOleksii LyulyovORCIDKostyantyn KyrychenkoORCID

Анотація

The main purpose of this research is to study the role and impact force of macroeconomic stability on economic growth in the period from 2000 to 2016, using the modified Cobb-Douglas production function. The results of Global Competitiveness Report, published by World Economic Forum, demonstrated that at the existing level of economic growth in Ukraine the basic drivers for improvement of the country's competitiveness are necessary to be considered for building of the production function. Basing on the analysis performed, the author created odified Cobb-Douglas production function where Macroeconomic stability, openness of the economy and foreign direct investments are used as additional explanatory variables of Cobb-Douglas production function. Obtained findings indicate the high level of compliance of the built model with the initial data. Herewith, the assessment of the elasticity of macroeconomic stability is positive and statistically significant.

Класифікація

Домен

Social SciencesPhysical Sciences

Галузь

Economics, Econometrics and FinanceEnvironmental Science

Підгалузь

General Economics, Econometrics and FinanceManagement, Monitoring, Policy and LawEconomics and Econometrics

Тема

★Economic Issues in UkraineBusiness and Economic DevelopmentEconomic and Business Development Strategies

Ідентифікатори

DOI: 10.14254/1800-5845/2018.14-1.12

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