Research Article
Economic Performance of Selected Regions in Ukraine
@INPROCEEDINGS{10.4108/eai.4-12-2020.2303130, author={Serhiy Moroz and Ľudmila Nagyov\^{a} and Elena Horsk\^{a} and Zuzana Pol\^{a}kov\^{a} and Dagmar Cag\^{a}ňov\^{a}}, title={Economic Performance of Selected Regions in Ukraine}, proceedings={Management Trends in the Context of Industry 4.0}, publisher={EAI}, proceedings_a={MANAGEMENTTRENDS}, year={2021}, month={11}, keywords={Regional economy; Regional growth; Ukraine}, doi={10.4108/eai.4-12-2020.2303130} }- Serhiy Moroz
Ľudmila Nagyová
Elena Horská
Zuzana Poláková
Dagmar Cagáňová
Year: 2021
Economic Performance of Selected Regions in Ukraine
MANAGEMENTTRENDS
EAI
DOI: 10.4108/eai.4-12-2020.2303130
Abstract
The paper considers tendencies and perspectives of the development of the chosen Ukrainian regions: Chernivtsi, Dnipropetrovsk, Kyiv, Mykolayiv, Poltava, and Ternopil regions. To carry out this study, the data were used on gross regional product (GRP) per capita, export of goods per capita, and import of goods per capita in 2002-2016. Applying the random walk with the drift model, forecasts of the monitored indicators in 2017-2019 were prepared. Based on the analyzed data, significant differences in terms of regional economic strategies were identified. It was also found out that there had been a significant gap between the best and worst regions regarding the level of economic development (i.e. GRP per capita). This situation is expected to remain the same in the prognosis period. It was concluded that, for lagging regions, it is necessary to change the strategic approaches and implement targeted measures in order to improve their economic position and competitiveness.
