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Institutional Changes And Dynamics Of Product Competitiveness In Ukraine

Author

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  • Oleh Pustovoit

    (State Organization "Institute of the Economy and Forecasting of the National Academy of Sciences of Ukraine", Ukraine)

Abstract

The purpose of this article is to theoretically clarify the content of the concept of "competitiveness", to summarize the main results of institutional reforms in Ukraine, to test approaches to a more accurate macroeconomic assessment of the dynamics of competitiveness of major domestic commodity groups and technological complexity of foreign trade. Methodology. The article proposes to consider the concept of "competitiveness" as the level of compliance of goods (services) with consumer preferences of market participants. This conceptual position is used to interpret the basic competitiveness of large product groups and determine methods for its evaluation. The results of the assessment of the methodology and technique showed that in 2017-2019 the basic competitiveness of Ukrainian exports gradually increased, but in its composition the shares of certain types of raw materials and products of their shallow processing increased. At the same time, the competitiveness of consumer and investment products in the domestic market decreased and was gradually replaced by imported analogues. These trends suggest that Ukraine is selling more raw materials on international markets and producing fewer goods of higher technological sophistication with innovative or higher quality characteristics. Despite this, Ukraine's specialization in the global economy remains economically justified and effective. However, in the long run, this position of Ukraine is socially undesirable, as it holds back the development of the economy and throws it to the margins of technological progress. Practical implications. It is substantiated that, despite institutional changes, Ukraine has not approached the goal of increasing the level of competitiveness of products of high technological complexity, which have a relatively large share of added value. Value/originality. The study uses the dynamics of macroeconomic competitiveness of large commodity groups as a criterion of the effectiveness of institutional reforms in the country.

Suggested Citation

  • Oleh Pustovoit, 2021. "Institutional Changes And Dynamics Of Product Competitiveness In Ukraine," Three Seas Economic Journal, Publishing house "Baltija Publishing", vol. 2(4).
    • Handle: RePEc:bal:3seasj:2661-5150:2021:2:4:9
    DOI: 10.30525/2661-5150/2021-4-9
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    References listed on IDEAS

    as
    1. Dula Borozan, 2008. "Regional Competitiveness: Some Conceptual Issues and Policy Implications," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 4, pages 50-63, May.
    2. Karl Aiginger & Susanne Bärenthaler-Sieber & Johanna Vogel, 2013. "Competitiveness under New Perspectives. WWWforEurope Working Paper No. 44," WIFO Studies, WIFO, number 47019, Juni.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    institutional transformations; competitiveness; consumer preferences; market shares; foreign trade by technology complexity; unit value;
    All these keywords.

    JEL classification:

    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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