Том 9, випуск 1

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Browsing Том 9, випуск 1 by Subject "article"

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    Assessing the impact of monetary instrument on Ukraine's labor market during increased risks
    (2024) Nasachenko, Mariia; Donkohlova, Tetiana
    This comprehensive study investigates the complex relationship between monetary instruments and Ukraine's labor market against the backdrop of heightened risks. In the light of the ongoing Russo-Ukrainian war, economic instability, and significant migration dynamics, understanding the role of monetary policies in shaping labor market dynamics is crucial. Employing a robust empirical approach, the research aims to analyze the impact of monetary instruments on key labor market indicators, including employment levels, unemployment rates, and wage dynamics. By utilizing econometric and mathematical methodologies (system of simultaneous equations), the study seeks to provide nuanced insights into the effectiveness of monetary policies in addressing labor market challenges amidst heightened risks. Furthermore, the research tries to identify potential strategies and policy interventions to mitigate adverse effects on the labor market and foster resilience in the face of uncertainty. The findings of this study are anticipated to contribute to a deeper understanding of the complex interplay between monetary policy measures and labor market outcomes in Ukraine. Additionally, the insights derived from this research are expected to inform policymakers, economists, and stakeholders in designing more targeted and effective policy responses to address labor market challenges and promote sustainable economic development. Overall, this study aims to provide valuable insights into the role of monetary instruments in navigating Ukraine’s labor market through turbulent times and fostering resilience in the face of heightened risks.
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    Debt deflation theory and middle-income trap: system dynamics approach
    (2024) Hryhoriev, Hennadii
    The article analyzes the theoretical and practical aspects of the theory of the relationship between national debt and deflationary processes using the example of the impact of the economic recession in China on the decline in global economic growth, and determines the systemic effects of the national economy falling into the middle income debt trap and exiting it. With the help of simulation models, which are based on the methodology of system dynamics, the interrelationship of economic processes of global and national economies is presented. It was found that deflation leads to an increase in the price of the existing external and internal debt and inhibits economic growth and economic development of the national economy and is one of the forms of the country’s middle income trap. The use of the scenario approach made it possible to identify the basic options for the development of the world economy under the influence of negative economic phenomena at the national level and to develop appropriate recommendations for middle-income countries to achieve the goals of macroeconomic and financial stabilization with the appropriate access to the trajectory of new economic development.The study found that the factors of education, social and innovative development are of decisive importance in the country’s achievement of the goal of leaving the middle income trap. The economies of such countries as China are unable to independently overcome this trap without further involvement in global integration and trade processes, and at the same time they themselves form deflationary processes at the global level. In addition, the policy of economic and political semi-isolation leads to the destabilization of the existing world economic and financial systems.
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    The economy structure – focus for education/science reforms in Ukraine
    (2024) Hlushchenko, Svitlana
    The article is about the reasoning importance and necessity of harmonizing the goals and methods of development and reform of education/science in Ukraine with development of priority economic sectors in Ukraine, including fixing the education and science (as an element of the knowledge economy) as priorities sectors in the structure of the Ukrainian economy.The author characterized indicators of Ukrainian economics development by type of: economics activity, capital investments, turnover of industrial enterprises, employment of population. All these characteristics show that in the last decades, the scientific and technical sectors of industry, according to most characteristics, occupied the smallest share in the structure of the Ukrainian economy. However, the sectors of wholesale and retail trade, the agricultural sector and the raw material sectors of industry had actively developed in Ukraine.Also, the author pays attention to the problems in education and science in Ukraine: to respect and demand for these professions in the Ukrainian society and to financing support.Reforms and support of education/science must be harmonized with the economic structure of Ukraine. They must be fixed on priority sectors for economic development. The education/science must be fixed as priority sectors like elements of the knowledge economy. The goals and objectives, the internal reforms and development in education/science must be oriented to the needs of the structure of the Ukrainian economy.Implementation of these steps will help improve the quality of educational and scientific activities, the effect of their impact on economic development in Ukraine, and the competitiveness of the Ukrainian state like knowledge economy will grow.
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    Modelling of the Ukrainian labor market: system dynamics approach
    (2024) Primierova, Olena; Sparish, Alisa
    The purpose of the article is to develop a System Dynamics model of the functioning and development of the Ukrainian labor market, which can subsequently be used to simulate various government decisions and policies. The Stella Architect software is used to construct the model, allowing to provide insights into the current state of the labor market and forecasts future trends, helping identify potential improvements.The explanatory System Dynamics Model effectively demonstrates the complex interrelationships that influence the dynamics of the Ukrainian labor market. The identified balancing loops highlight key factors such as retirement, business closures, production levels, and the formation of new businesses, all of which shape labor supply and demand. Each loop illustrates how changes in one economic aspect can impact others, underscoring the interconnectedness of labor dynamics, economic growth, and business development. Furthermore, the developed causal loop diagrams emphasize the cyclical nature of these interactions, where increases in labor supply can result in higher wages and GDP, leading to further investment and business creation. This model offers valuable insights into the feedback mechanisms that may stabilize or destabilize the labor market, particularly in response to external shocks or policy interventions. In the future, the developed model can be used to test various policies for major elements of the model and to simulate its behavior.