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Theoretical foundations and determinants of the economic transformation of the ukrainian economy

Author

Listed:
  • Ganna Iefimova

    (The Admiral Makarov National University of Shipbuilding)

  • Oleksii Korzniakov

    (The Admiral Makarov National University of Shipbuilding)

Abstract

The article presents a comprehensive study of the theoretical foundations of economic transformation and its determinants in the context of Ukraine’s current economic development. The aim is to provide an in-depth analysis of the concept of "economic transformation" based on the analytical synthesis of scholarly approaches by domestic and international researchers. The main definitions of the term are systematized, common features of transformational processes are identified, and an updated, authorial interpretation of the phenomenon is proposed, taking into account emerging challenges. Special attention is paid to the historical periodization of Ukraine’s economic transformation – from the market system establishment to the current phase caused by the full-scale war. Key endogenous and exogenous determinants of transformation are identified, including war, global crises, structural imbalances, demographic shifts, digitalization, and European integration. The article explores the prospects for forming a new model of economic functioning based on innovation, digital transformation, an increasing role of the state, and the development of entrepreneurship.

Suggested Citation

  • Ganna Iefimova & Oleksii Korzniakov, 2025. "Theoretical foundations and determinants of the economic transformation of the ukrainian economy," Economic Synergy, Higher Educational Institution Academician Yuriy Bugay International Scientific & Technical University, issue 2, pages 65-88.
    • Handle: RePEc:bja:isteus:y:2025:i:2:p:65-88
    DOI: 10.53920/ES-2025-2-6
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    File URL: https://es.istu.edu.ua/EconomicSynergy/article/view/269/213
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    More about this item

    Keywords

    economic transformation; transformational crisis; state economic policy; digital transformation; structural transformation; post-war recovery;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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