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Macroeconomic Stability and Its Impact on the Economic Growth of the Country

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  • Tatiana Vasylieva
  • Sergij Lyeonov
  • Oleksii Lyulyov
  • Kostiantyn Kyrychenko

Abstract

The main purpose of this research is to study the role and impact force of macroeconomic stability on economic growth in the period from 2000 to 2016, using the modified Cobb–Douglas production function. The results of Global Competitiveness Report, published by World Economic Forum, demonstrated that at the existing level of economic growth in Ukraine the basic drivers for improvement of the country's competitiveness are necessary to be considered for building of the production function.

Suggested Citation

  • Tatiana Vasylieva & Sergij Lyeonov & Oleksii Lyulyov & Kostiantyn Kyrychenko, 2018. "Macroeconomic Stability and Its Impact on the Economic Growth of the Country," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(1), pages 159-170.
    • Handle: RePEc:mje:mjejnl:v:14:y:2018:i:1:p:159-170
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    2. Yuriy Bilan & Dalia Streimikiene & Tetyana Vasylieva & Oleksii Lyulyov & Tetyana Pimonenko & Anatolii Pavlyk, 2019. "Linking between Renewable Energy, CO 2 Emissions, and Economic Growth: Challenges for Candidates and Potential Candidates for the EU Membership," Sustainability, MDPI, vol. 11(6), pages 1-16, March.
    3. Anna Misztal & Magdalena Kowalska & Anita Fajczak-Kowalska & Otakar Strunecky, 2021. "Energy Efficiency and Decarbonization in the Context of Macroeconomic Stabilization," Energies, MDPI, vol. 14(16), pages 1-18, August.
    4. Olena Korobets & Olena Chygryn & Maryna Saienko & Liliia Liulova, 2020. "Development Evolution of the Environmental Risk Management Theory: A Meta-Analysis," Virtual Economics, The London Academy of Science and Business, vol. 3(4), pages 169-187, October.
    5. Yurii Kharazishvili & Aleksy Kwilinski & Olena Grishnova & Henryk Dzwigol, 2020. "Social Safety of Society for Developing Countries to Meet Sustainable Development Standards: Indicators, Level, Strategic Benchmarks (with Calculations Based on the Case Study of Ukraine)," Sustainability, MDPI, vol. 12(21), pages 1-21, October.
    6. Nikola Milović & Mijat Jocović & Nikola Martinović, 2021. "Analysis of the Impact of Macroeconomic Stability on the Level of Global Competitiveness of Western Balkan Countries," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 10(2), pages 23-37.
    7. Darko Lazarov & Kiril Simeonovski, 2023. "Macroeconomic Stability and Economic Growth: An Empirical Estimation for North Macedonia," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 8, pages 78-94.
    8. Tetyana Vasylieva & Oleksii Lyulyov & Yuriy Bilan & Dalia Streimikiene, 2019. "Sustainable Economic Development and Greenhouse Gas Emissions: The Dynamic Impact of Renewable Energy Consumption, GDP, and Corruption," Energies, MDPI, vol. 12(17), pages 1-12, August.
    9. Olena Vasyl’yeva, 2021. "Assessment Of Factors Of Sustainable Development Of The Agricultural Sector Using The Cobb-Douglas Production Function," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 7(2).
    10. Lim Chandeth & Antonina Shostakovska & Petro Tsymbal & Ganna Vlasova, 2020. "Quality Control Development at the Strategic Level," Virtual Economics, The London Academy of Science and Business, vol. 3(1), pages 58-73, January.

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