THE EXPORT DETERMINANT OF SOCIO-ECONOMIC RESILIENCE IN FOREIGN ECONOMIC ACTIVITY

Serhii BURLUTSKI; Svitlana BURLUTSKA; Tamara BEREZIANKO

doi:10.15637/jlecon.6.025

Authors

Serhii BURLUTSKI Odessa National Economic University/UKRAINE https://orcid.org/0000-0003-0157-2564
Svitlana BURLUTSKA National University of Food Technologies/Ukraine https://orcid.org/0000-0002-9497-7917
Tamara BEREZIANKO National University of Food Technologies/Ukraine https://orcid.org/0000-0001-9228-4239

DOI:

https://doi.org/10.15637/jlecon.6.025

Keywords:

export determinant, socio-economic resilience, concentration, diversification, structural shifts

Abstract

An undoubted advantage of the diversified economies is their less sensitivity to dynamics fluctuations of local sectors and shock destructions. A downturn in one industry can be compensated by growth in another. Formed in Soviet times significant industrial potential of Ukraine was not possible to implement only in the national economy. A significant part of Ukrainian manufacturing and extractive industries products was consumed by foreign consumers. Formed absolute and relative advantage in international trade ensured the enrichment of a limited set of stakeholders and have become the drivers of system economic crisis and the loss of Ukraine's ability to adsorb (to leap back) shock disturbance. The results of the analysis indicate the negative impact of resources specificity on the Ukraine's ability to ensure sustainable development. Proved the validity of conclusions about the negative effects of high exports concentration (low commodity diversification) on the economy's response from shock disturbances.

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Author Biographies

Svitlana BURLUTSKA, National University of Food Technologies/Ukraine

** Doc.Sc. in Economics, Associate Professor, National University of Food Technologies, Professor of the Department of labour economics and management, Ukraine

ORCID ID: https://orcid.org/0000-0002-9497-7917

Tamara BEREZIANKO, National University of Food Technologies/Ukraine

*** Doc.Sc. in Economics, Associate Professor, National University of Food Technologies, Head of the Department of labour economics and management, UKRAINE

ORCID ID: https://orcid.org/0000-0001-9228-4239

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