STRUCTURAL CHARACTERISTICS OF ECONOMIC DEVELOPMENT: SYSTEM-ANALYTICAL ASPECTS
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 44)Publication Date: 2020-12-31
Authors : Barna Marta; Rushchyshyn Nadiya;
Page : 23-30
Keywords : economic development; structural defects; branch structure of economy; corruption; shadow economy; real sector of economy;
Abstract
The article has substantiated that the potential of economic growth of the country and the welfare of the population depends on the quality of the sectorial structure of the economy, including the high share of high-tech industries and favorable business conditions. The analysis of the branch structure of the economy of Ukraine in the context of the main types of economic activity is conducted. Their current structure and trends are committed. It is determined that in the structure of the national economy as of 2019, trade continues to dominate, and the share of innovative production in various industries remains low. In particular, it is estimated that in total, such sectors of the economy as agriculture, processing industry, construction, transport and warehousing, temporary accommodation and catering accounted for only a third of the total gross value added. It is concluded that such values are objectively insufficient for an economy that aspires to development and competitiveness. The results of the analysis allowed identifying systemic structural defects of the national economy of Ukraine, which do not contribute to further socio-economic progress of the country and its regions, lead to deindustrialization and increase the processes of degradation of the economic complex. Among them: high level of corruption and systemic shadowing of the economy and criminalization of economic relations, inefficient sectorial structure of the economy with a critically high level of resourceintensive and energy-intensive production, inefficient functioning of sectors that provide social development, including housing and communal services, medicine, education services, elements social infrastructure. The necessity of strengthening the role of the banking system in stimulating the increase of domestic production, development of the real sector of the national economy and branches of high-tech production is proved.
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