Full Description
by Anatoliy Kinakh, Prime Minister ofUkraine After a deep and long-lasting recession, the Ukrainian economy has for the past two years demonstrated some very positive dynamics in its quantitative development indicators. This is essentially the result of reforms, which still require to be consolidated in order to engage the factors and mechanisms capable of ensuring long-term qualitative and sustainable development in our economy. How do we ensure sustainable growth, and realise the improvements in the main macroeconomic indicators together with serious and complex improvements at the micro-level, which would allow us to achieve the urgently needed shifts in the social sphere? These actual problems are the main priorities of macroeconomic policy. Furthermore, the search for solutions to these problems of our transitional economy requires profound scientific analysis. The following presentations made at the Conference on "Factors of Economic Growth in Ukraine" are serious scientific contributions by prominent economists in this field.
Contents
1 Background.- 2 The structure of this book.- 3 Outlook and acknowledgements.- I: the International Environment and Growth.- 1 Achievements or Missed Opportunities: Factors of Economic Growth in Russia. What Lessons are Relevant to Ukraine?.- 2 Economic Growth in Bulgaria and Romania.- 3 Trade, Capital Flows, and Economic Growth in Developing Countries.- 4 Natural Resources and Economic Growth: What Is the Connection?.- II: Sustaining Growth of the Ukrainian Economy.- 5 Is the Economic Growth in Ukraine Sustainable?.- 6 Is there Any Economic Growth in Ukraine?.- 7 Economic Growth in Ukraine: What if Reforms and Economic Recovery Had Started Earlier?.- 8 Finance and Growth in Ukraine.- 9 Fiscal and Regulatory Causes of Ukraine's Shadow Economy.- III: Institutions, Competition, and Growth.- 10 Enterprise Restructuring under Economic Growth in the Byelorussian Republic.- 11 Performance of Small and Medium Sized Manufacturing Firms in Ukraine: Does the Quality of Governance Matter?.- 12 The Investment Environment in Russia and Ukraine: Common Weaknesses in the Institutional and Policy Framework.- 13 Ukraine: "A Miracle in Waiting". Challenges and Reforms for an Improved Foreign Investment Environment.- IV: Empirical Studies of the Determinants of Growthin Ukraine.- 14 Reserve Requirements and Implicit Taxation of Commercial Banks in Ukraine.- 15 Efficient Infrastructure Supply as a Condition for Economic Development - The Case of Ukraine.- 16 A Regional Agricultural Trade Model for Wheat and Sunflower Seeds in Ukraine.- 17 The Economic Implications of Ukrainian Government Support for the Steel Industry.- 18 The Relationship between Foreign Direct Investment and Trade Flows in a Transition Economy: The Case of Ukraine.- 19 The Debt Structure of Ukrainian Firms.- 20 ARestructuring Trap in Transition Economies: Where Does it Lead?.- 21 The Feasibility of Monetary Targeting in Ukraine.- The Authors.- Maps.- Tables.- Graphs.- Abbreviations.
