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Economic Efficiency in Transition: The Case of Ukraine

Author

Listed:
  • Anatoliy G. Goncharuk

    (Odessa National Polytechnic University, Ukraine)

Abstract

Although a market economy is by definition more effective than a centrally planned economy, various countries in transition have faced the problem of economic inefficiency. The aim of this paper is to develop a comprehensive measure of economic efficiency using the production function framework and estimate it for the Ukraine economy. There exist namely a vast amount of indicators that support our hypothesis on the diminishing efficiency of the Ukraine economy in the last years. Our in-depth analysis shows that the diminishing efficiency is a consequence of ineffective investments and innovations as well as of an increasing intensity of materials use.

Suggested Citation

  • Anatoliy G. Goncharuk, 2006. "Economic Efficiency in Transition: The Case of Ukraine," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 4(2), pages 129-143.
    • Handle: RePEc:mgt:youmgt:v:4:y:2006:i:2:p:129-143
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    File URL: http://www.fm-kp.si/zalozba/ISSN/1581-6311/4_129-143.pdf
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    References listed on IDEAS

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    Cited by:

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    2. Cezar SCARLAT & Silvia RUCINSKA, 2010. "Some Considerations on Ending the Process of Economic Transition in Romania and Slovakia," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 169-188.
    3. Lilia COVAS & Angela PIRLOG, 2019. "The Importance Of National Culture Dimensions On Intercultural Competence Development Of Future Managers," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 2, pages 111-119, December.

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    Keywords

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    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables

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