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Analysis of the Factors that Ensure the Possibility of Developing Economic Relations in the Field of Renewable Energy Between Ukraine and Turkey

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  • Serhii Voitko

    (National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Faculty of Management and Marketing and International Economy Department, Kyiv, Ukraine)

  • Olena Trofymenko

    (National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Faculty of Management and Marketing and Department of Theoretic and Applied Economics; International University of Finance, Kyiv, Ukraine)

  • Saeb Moghaddami

    (International University of Finance, Department of Economics and Business, Kyiv, Ukraine)

Abstract

Successful international economic activity in a particular technological sector is important for the further development of mutually beneficial socio-economic relations between neighboring countries. In order to implement the basic principles of this activity, it is necessary to determine the current level of cooperation between Turkey and Ukraine and the dynamics of its development, as well as to identify key factors influencing the development of cooperation in the field of renewable energy. The reasons for this study are the importance of ensuring effective cooperation between the two countries in the field of renewable energy, which requires an integrated approach. General scientific methods were used, the main of which are: system analysis – for determining the components of the system of foreign economic relations of Ukraine and Turkey in the direction of developing renewable energy; taxonomic analysis – for identifying factors influencing economic relations and determining their numerical value of the resulting indicator. The conducted study allowed us to evaluate the level of current developments in the direction of forging a strategic partnership and to explore the impact of stimulating and destimulating factors on the potential opportunities of both countries.

Suggested Citation

  • Serhii Voitko & Olena Trofymenko & Saeb Moghaddami, 2021. "Analysis of the Factors that Ensure the Possibility of Developing Economic Relations in the Field of Renewable Energy Between Ukraine and Turkey," Journal of Economy Culture and Society, Istanbul University, Faculty of Economics, vol. 63(63), pages 127-147, June.
    • Handle: RePEc:ist:iujecs:v:63:y:2021:1:p:127-147
    DOI: 10.26650/JECS2020-0035
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    References listed on IDEAS

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    1. Sergii VOITKO & Irina GRINKO, 2017. "Comparative analysis of countries in the peer-group based on economic potential and components of sustainable development," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 9(3), pages 359-376, October.
    2. Sangho Kim & Hyunjoon Lim & Donghyun Park, 2009. "Imports, exports and total factor productivity in Korea," Applied Economics, Taylor & Francis Journals, vol. 41(14), pages 1819-1834.
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