EFFECTS OF INVESTMENTS UPON THE EXPORT POTENTIAL OF THE COUNTRY
Journal Title: ЕКОНОМІЧНИЙ ДИСКУРС - Year 2017, Vol 1, Issue 2
Abstract
Introduction. Exports are one major factor in the country’s development. It ensures the implementation of international relations. Exports provide the status of a “developed” country and ensure the prosperity of the nation. Today it is important to study the factors of export. Motivational levers of effective use of the export potential are needed to develop macroeconomic forecasts that can be achieved through the study of export leverage-factors. Methods. The research was conducted on the basis of the use of statistical, calculation and constructive, system, program and target methods. A methodological basis for the study of material is the dialectical method of cognition of social and economic phenomena. Results. During the research, it was founded that the goal-factor is the level of gross domestic product, and leveragefactors are investment and employment. The estimation of external and internal factors exports is made. It was founded that three factors demonstrate the productive function of the national economy. It is proved that the most common production function is the Cobb-Douglas function. It is established that the level of exports reaches 79% depending on the level of gross domestic product. Thus, a prognostic model of the national economy is obtained based on the function. Discussion. In our view, the structure and dynamics of foreign trade do not correspond to the export opportunities of our state. Raw materials and products with low processing are dominated in the structure of exports. The state regulation of foreign economic activity in recent years has been considerably liberalized, although, on the other hand, the development of export is hampered by significant non-trade (non-tariff) restrictions. Among the main factors hampering the development of export potential are: the instability of the legislative framework; complex customs procedures; the low level of development of the financial sector and market institutions, which in the future is planned to be the prospect of our further research.
Authors and Affiliations
Natalia Kukina
Keywords
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