SHS Web Conf.
Volume 107, 20219th International Conference on Monitoring, Modeling & Management of Emergent Economy (M3E2 2021)
|Number of page(s)||7|
|Section||Dynamics of Emergent Markets in Crisis and Post-crisis Period|
|Published online||24 May 2021|
Economic productivity and competitiveness of Ukrainian exports due to the global challenges
Cherkasy State Technological University, 460 Schevchenko Blvd., Cherkasy, 18006, Ukraine
Productivity and economic growth are key factors to maintain and improve the competitiveness of nations in the global market. The paper analyzes the prospects for the competitiveness of Ukrainian exports in the terms of pandemic circumstances and post-pandemic recovery of the global economy. The prospects for strengthening the competitiveness of Ukraine’s economy evaluating based on the modified approach for assessing the revealed comparative advantage. The dynamics and structure of major industries exports were estimating. The research result proved that the growth of innovative products in the iron and steel industry increases its competitiveness in the world market. The established reduction of the identified comparative advantages index for the main exports positions reflects the presence of structural and technological lags in the modern structure of the national economy and requires economic policy measures aimed at long-term action. Respectively, the main goals of contemporary national economic policy aimed at promoting the export competitiveness of Ukrainian products (goods & services) have to be the stimulating of R&D, infrastructure modernization and capital deepening.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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