Analysis of the Impact of the Resource Orientation of the Export and Import Economy Components on the Level of Interregional Differentiation in the Socio-Economic Development of Ukraine
Journal Title: Бізнес Інформ - Year 2015, Vol 8, Issue 0
Abstract
The article is aimed at studying the influence of the resource orientation of the export and import economy components on the level of interregional differentiation in the socio-economic development of Ukraine. The methodological basis of the study is the Sachs-Warner model, whose key position indicates a negative relationship between the proportion of valuable minerals in the structure of national exports and the economic growth in the country (the so called phenomenon of «resource curse»). Modified within the present study, the Sachs-Warner model provides an analysis of impact of the share of mineral resources within the structure of the national exports and imports on the level of interregional differentiation in terms of GRP, GRP per capita, available income, wages, money incomes and expenditures of households. In addition, the methodology of the study involves an analysis of the interregional measuring of impact of the proportion of exported and imported minerals on the specified indicators of the socio-economic development of the regions of Ukraine. The results of the study indicate that the proportion of minerals in the structure of the national export reduces the interregional differentiation at the level of available income and deepens it at the level of both wages and capital expenditures, the share of imported minerals reduces the differentiation at the level of GRP and GRP per capita. Synthesis of the results of the analysis of the interregional phenomenon of «resource curse» suggests a different nature of the relationship between the resource component of the regional exports and imports and the socio-economic development of the regions of Ukraine.
Authors and Affiliations
Mykhailo Kryvoruchko
Keywords
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