Public Policy and International Investment Position in European Integration of Ukraine
Public Policy and International Investment Position in European Integration of Ukraine
Author(s): Svitlana Kolosok, Volodymyr DEMENTOV, Sergii KOROL, Olga PanchenkoSubject(s): Economy, Supranational / Global Economy, Economic policy, International relations/trade, EU-Accession / EU-DEvelopment
Published by: ASERS Publishing
Keywords: investment; public policy; economic shocks; macroeconomic imbalances; transition countries; business cycle;
Summary/Abstract: This research investigates the influence of public policy on the relationship between GDP and NIIP selected components, namely assets, liabilities, direct, portfolio and other investment of Ukraine in the context of Ukraine’s aspirations for European integration. For the purposes of the research, we estimated the panel data of ratio analysis for Ukraine during the period 2000-2016. The results of our analysis showed that the shock changes in the NIIP structure were primarily due to the political and economic factors within the country, and were a consequence of the lack of systematic and balanced public policy of Ukraine. The correlation analysis revealed a statistically significant relationship between GDP and investment in the NIIP structure (direct, portfolio and other investment) and the independence of the GDP, assets and liabilities of NIIP of Ukraine during both short- and long-term periods.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XIII/2018
- Issue No: 62
- Page Range: 2375-2384
- Page Count: 10
- Language: English