Prospects for the Involvement of Ukrainian Industry in Global Value Added Chains and their Impact on Economic Growth
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.69, No. 3)Publication Date: 2022-09-30
Authors : Mytsenko V.;
Page : 31-35
Keywords : global chains of value creation; export; import; added value; regression analysis;
Abstract
The article presents the study of the involvement of processing industry in the global value chains of added value on the economic growth of Ukraine. Main product groups in export and import, taking into account the inclusion of these industries in the global value chains of added value were characterized with the help of dynamic and structural analysis of foreign trade of Ukraine. The regression analysis revealed a strong direct link between the actual volumes of GDP of Ukraine and the change in the volume of exports of machines and equipment and the volume of imports of vehicles. It is concluded that the existing state of attracting national machine-building enterprises in the global chains of value creation has a positive effect on Ukraine's economic growth despite a high import component in the export of mechanical engineering products and a relatively low share of these products in exports. Statistically significant dependence of the GDP index of Ukraine on changes in export and import by the main product groups were not revealed. The lack of statistically significant link between the actual volumes of Ukraine's GDP and the change in the volume of ferrous metals, despite their high share in exports, confirms low efficiency of inclusion of Ukrainian metallurgical enterprises in the global value chains. The results of the study confirmed the expediency of development of export-oriented production of machines and equipment on the basis of modernization of domestic metallurgical base during the period of post-war restoration of the Ukrainian economy.
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