The Monitoring of Macroeconomic Indicators Based on Studying their Non-Stationary Dynamics in the Context of Implementing the Strategy of Sustainable Socio-Economic Development of the State
Journal Title: Проблеми економіки - Year 2016, Vol 2016, Issue 1
Abstract
The article suggests the application of modern tools for monitoring macroeconomic indicators and studying their non-stationary dynamics in the context of implementing the strategy of sustainable socio-economic development of the state on the basis of tools of the phase and cointegration analysis. This allows providing a comprehensive integrative assessment and conducting a sustainability analysis of the macroeconomic dynamics of Ukraine at the increasing globalization transformations in dynamics of territorial development under conditions of the global crisis processes and strengthening of nonlinear relationships and processes proceeding in them. Therefore, it requires improvement of management tools at all levels of the hierarchy and a qualitative assessment of macroeconomic indicators, dynamics of their behavior and causal relationships. The introduction of tools for studying the dynamics of interrelations of basic macroeconomic indicators on the basis of the proposed methodology for monitoring non-stationary dynamic processes will allow defining the strategy of stabilization and further development of the national economy, the qualitative state of which is determined by non-linear asynchronous close relationship of basic macroeconomic indicators characterizing the real current state of social and economic system, and receiving adequate forecasts of the situation development in the future.
Authors and Affiliations
Mykhailo Bril
Keywords
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