Analysis and Identification of Pathological Crisis Processes in Mechanical Engineering in Ukraine
Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 2
Abstract
The aim of the article is to study the development of pathological processes that emerged in mechanical engineering of Ukraine during 2003 -2013. On the basis of the concept of development of pathological processes in the real economy, the dynamics of trade and investment imbalances and distortions determining them has been studied. The study showed that during the pre-crisis period of 2003 - 2007 all distortions and imbalances were in the pre-crisis state, or phase of unsustainable growth. The catastrophic drop in production in mechanical engineering in 2009 was largely due to the transition of paying capacity distortion to the pre-crisis state and the constant pre-crisis state of investment adequacy and trade imbalance. The short-term improvement in the post-crisis period was insufficient and did not have a systematic character. In recent years, the imbalances and distortions have been increasing, which led to a catastrophic level of internal and external imbalances in internal and external offerings and the fall in industrial production in mechanical engineering. One of the main directions of overcoming distortions and imbalances should be the development of high-tech industries of import substitution in mechanical engineering of the country.
Authors and Affiliations
Pavel Pronoza
Keywords
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