Features of dynamics of structural changes in the economy of Ukrainian regions

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Features of dynamics of structural changes in the economy of Ukrainian regions

Journal Title: Регіональна Економіка - Year 2016, Vol 79, Issue 1

Abstract

The article focused on the fact that the main structural imbalances of the economy of Ukrainian regions are: high resource, material and energy intensity of production, excessive extensive development of primary industries, low level of innovation, the infrastructure gap, the gap between the financial sector and the real economy, with inefficient functioning of sectors, providing innovative technological development. It is also noted that in the future regresses technological structure of the Ukrainian economy, worsening the state of scientific and technical potential, reduced the share of high-tech industries and the like. The author is defined the main reason of the existence of structural imbalances, among them noted: limited resources (material, intellectual, financial, investment, innovation); reduction of innovative production; high material and energy intensity of production; a high share of intermediate consumption in the structure of GRP, which is evidence of a slight production of products and services with a high share of GVA; low development of innovation infrastructure. The author focuses on the assessment of trends and extent of structural changes in the economy of the regions of Ukraine by type of economic activity according to the index of GVA during 2006-2013. In particular, the estimated rate of change of the specific weight of the structural weight of the regional economy that occurred over this period of time. It is noted that the high rate was reduced such economic activities as industry, construction and finance. Regionally the most significant reduction of the mass of structural changes in the industry structure of regional economies was observed in Khmelnytsk, Sumy, Lugansk, and Zaporozhska regions; construction in most regions of Ukraine, except Donetsk and Ivano-Frankivsk; finance – in addition to Volyn, Zhytomyr, Transcarpathian, Sumy, Ternopil, Kherson, Khmelnytsky regions and Kyiv. The dynamic processes that have occurred in the structure of the economy of Ukrainian regions for 7 years are estimated. The results show that the highest rate of structural change took place in Donetsk, Sumy, Ivano-Frankivsk, Luhansk, Zakarpatska, Ternopil, Rivne and Chernivtsi regions, while the lowest – in Kyiv, Sevastopol and the Autonomous Republic of Crimea, Kirovohrad and Cherkasy regions. On the basis of the calculation of the integral coefficient of structural change the author estimated the intensity of their course. Most high-speed positive structural changes have taken place in some service industries, namely real estate transactions and trade, along with the fact that for the analyzed period in Ukraine has been some negative trends, namely the losses in industry, construction and financial activities. The main trends are clarified and significant disparities in the economic structure of regions and orientation are identified, the vast majority of regions on the development of innovative areas of economic activity. The main problems that characterize the economies of Ukrainian regions are selected and ways to improve the structure of their economies are suggested.

Authors and Affiliations

Olena M. Lutskiv

Keywords

EP ID EP438052
DOI -
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