Resource-Oriented Exports and Imports as a Factor of the Socio-Economic Development of the Regions of Ukraine
Journal Title: Бізнес Інформ - Year 2015, Vol 9, Issue 0
Abstract
The article is aimed at studying the influence of resource-oriented exports and imports on the level of socio-economic development of the regions of Ukraine. The methodological basis of the research is a modified model of Sachs and Warner, which is based on the analysis of a correlative-regression relation between the share of exported and imported minerals and the indicators of socio-economic development of regions for the period of 2006-2013. The results of the study indicate that an increase in the share of the minerals in the structure of exports negatively affects the socio-economic development of the indicators for Zakarpattya, Zaporozhzhya, Kyiv, Lviv, Mykolayiv, Poltava, Ternopil, Cherkasy, Chernivtsi and Chernihiv regions. This correlation relationship was positive for the economy of the Republic of Crimea, both Vinnitsa and Sumy regions. The share of imported minerals had a positive impact on the socio-economic development of Vinnytsia, Zakarpattya, Zaporozhzhya, Kyiv, Lviv, Kharkiv, Cherkasy and Chernigiv regions. Statistical characteristics of the modified model of Sachs and Warner indicate significance and practical importance of the analyzed correlative-regression relationship in the regions of Ukraine for the indicators of the capitation GDP and the available income when analyzing the period in question.
Authors and Affiliations
Mykhailo Kryvoruchko
Keywords
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