{"title":"Advanced Methods of Bank Risk Management","authors":"Ya. V. Kolesnik","doi":"10.31767/su.2(93)2021.02.04","DOIUrl":"https://doi.org/10.31767/su.2(93)2021.02.04","url":null,"abstract":"Main approaches to building up a system for management of financial risks faced by banks are discussed. It is shown that risk management in banking is a complex process aimed at identification of risk sources, assessment and minimization of the effects of the identified risks, in order to reduce their adverse impact on the commercial bank performance. The main objective of banks is defined as maintaining the constant balance between the needs in resources and the capabilities of their acquisition. The importance and necessity of measurement and quantification of the level of specific types of risk and/or the cumulative risk is highlighted. Special emphasis is made on the credit risk caused by the probability of bank counterparties’ failure to fulfill their obligations. Its usual consequence is failure to repay (fully or partially) the debt principal and the interests in terms specified by the contract. It is shown that the level of credit risk in a country is conditional on macro- and microeconomic factors, with highlighting their effects. It is demonstrated that the adverse impact of inflation is the most explicit one, as it provokes devaluation of bank assets which major share is funds and financial investment. Functional risks are caused by subjective and objective factors, and by system failures, and they cover strategic risks related with mistakes in strategic management. Financial risks can trigger unpredictable change in the amount, profitability and structure of bank assets and liabilities. The liquidity risk can occur when a bank has insufficient or surplus liquidity. The insufficient liquidity can provoke bank insolvency. The inflation risk has ambiguous effects for bank operation. \u0000The successful risk management is a critically important condition for competitiveness and reliability of any financial organization; its objective is to identify and prevent potential adverse events, and to find the tools for minimization of their effects as part of the elaborated methodology of management. Further research devoted to problems of risks faced by the Ukrainian banking system and economic analysis of specific risks will help outline the ways of cost reduction in the banking sector and constantly extend the range of bank services. ","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49657721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Digital Economy: Preconditions, Threats and Prospects","authors":"V. V. Kozlov, T. Tomashevska","doi":"10.31767/su.2(93)2021.02.06","DOIUrl":"https://doi.org/10.31767/su.2(93)2021.02.06","url":null,"abstract":"Digital economy is an economy based on digital computer technology. \u0000The current stage of civilization is characterized by the formation of a new information society technological structure, the basic innovations of which are infocommunication technologies (ICT), network market architecture, the information resources domination. Infocommunication nature of new technological way of life and digital economy determines the development of adequate digital reality of scientific and methodological support of the management system in infocommunications and related industries, and in general the national digital economy. \u0000Understanding the phenomenon of digital economy and information society is based on the analysis of human society and technological systems evolution. Although the impact of the digital economy on economic processes and relations is obvious, this issue is not yet sufficiently studied and needs detailed consideration. \u0000Modern realities are such that the dynamic development of information technology, the widespread complexity of business processes, as well as the accumulation of significant amounts of data leads to the objective emergence of such a concept as the digital economy. The digital type of economy affects all industries without exception, from retail to education, energy, and so on. The onslaught of the new digital economy on the position of the old industrial economy testifies to a natural, natural-historical and objectively inevitable process. Accumulation and renewal of knowledge is accelerating, a single global socio-planetary memory is being formed and, expanding, deepening, various types of intellectual property are intensively developing. \u0000However, the digitalization of economic and social activities has not only positive aspects. Information attacks on state and commercial structures of individual countries, theft of information, personal data are among the main problems in the transition to the information society. It is necessary to analyze in detail the world experience in cybersecurity of critical infrastructure. \u0000At present, there is a significant potential for the use of modern digital technologies in the activities of modern companies. The phenomenon of the digital economy leads to the transformation of information resources into the main source of added value, the emergence on this basis of opportunities to ensure the intensive nature of economic development based on low-cost technologies, including information management technologies. \u0000The countries of the post-Soviet space in the field of digital economy lagged behind the advanced countries. They have a paradoxical economic situation, namely: with an excess of outdated information flows, there is a hunger for information on the latest flows. To overcome the information gap, the governments of these countries are trying to close this gap through government regulation.","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44838275","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Forming the Financial Reporting System of Issuers on the Basis of Taxonomy: Current Problems and Ways to Solve Them","authors":"S. Y. Shishkov","doi":"10.31767/su.2(93)2021.02.11","DOIUrl":"https://doi.org/10.31767/su.2(93)2021.02.11","url":null,"abstract":"The use of standardized financial reporting formats in a form convenient for international investors, in particular on the basis of taxonomy, is becoming increasingly common in the world, given the significant role of transparency for public investment and automated processing of branched statistical information on financial instruments. Implementation at the state level of significant changes in procedures, deadlines, formats for reporting information should take into account both the proper legal regulation of such changes and the availability of working infrastructure for the formation and submission of reports, sufficient time to adapt to changes in reporting entities, auditors, IT companies. Despite repeated postponements of the transition of Ukrainian companies to taxonomy-based reporting, there are numerous difficulties in implementing this project. Thus, the article’s objective is due to legal, financial and technological risks for many taxonomy-based reporting entities and the uncertainty of current and future procedures for adapting international reporting requirements in XBRL format for their application in Ukraine. \u0000The international experience of introduction of financial reporting on the basis of taxonomy is considered and the advantages of such format for all participants of information interaction (reporting subjects, state regulators, investors, financial intermediaries and users of financial services, subjects of information-analytical infrastructure) are determined. \u0000The current lack of expected benefits for Ukrainian issuers and investors is justified due to the preservation of duplication of reporting information in various formats, disorder of deadlines and reporting procedures, delay and omission of difficulties in implementing the Financial Reporting System. \u0000Measures are proposed to accelerate the efficiency of the Financial Reporting System, reduce legal and regulatory risks, avoid duplication of different forms and deadlines for reporting, expand the participants in the information interaction on the pilot launch of the project and prepare for regular taxonomy changes. \u0000It is planned to analyze the actual impact of increasing financial disclosure requirements by issuers on the investment attractiveness of the Ukrainian stock market (primarily the equity segment) and the quality of its information infrastructure in the absence of noticeable interest of issuers in public raising capital and circulation of their securities in the regulated market.","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44709079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Structure of Labor Market as an Indicator of Shadow Economy","authors":"S. Gerasymenko","doi":"10.31767/su.2(93)2021.02.08","DOIUrl":"https://doi.org/10.31767/su.2(93)2021.02.08","url":null,"abstract":"The article is focused on analysis of factors that determine the patterns of market economy operation. Ukraine, like the other world, has witnessed more than one financial and economic crisis since it gained independence. Its manifestations are the reduced GDP, the worsened financial performance in the business sector, the shrinking real income of the population and the declining investment activity. Search for the factors provoking crises and ways to mitigate their effects has been a central subject of studies conducted by many researchers. However, their research effort has not paid adequate attention to analysis of causal links between the so called shadow economy and the parameters embedded by researchers in models of the modern economy. Methods for shadow economy assessment are author-specific, with quite distinct momentary results. Also, an analysis of shadow economy trends has been virtually lacking, which does not allow to account for its contribution in the formation of market economy patterns, although it seems to be quite significant given a large share of the shadow economy sector at national and global level. \u0000The possibility for assessment of the shadow economy in its relation with the labor market structure that can be characterized by developed robust models is substantiated. Apart from description of the current labor market performance, it also allows for its forecasting. Hence, the elaboration of measures aimed to improve the situation on the labor market enables to reduce the share of shadow economy and, considering the other factors, to halt the occurrence of economic crisis or mitigate its effects for the economy and public welfare. \u0000The main problem that have limited so far the application of the abovementioned approach to solving the problems of economic forecasting was lack of consensus about the classification of the economic system components as either factors or results. This article is an author’s attempt to demonstrate that the structure of labor market and the share of unemployment in particular, is largely dependent on the role of shadow sector in the domestic economy. By employing models characterizing unemployment, this allows to determine the share of its variation related with the shadow economy, and to proceed with forecasting the share of shadow sector in the economy and its impact on the formation of the national economy patterns. Determining the measure and direction of this impact on a domestic economy has to be the next phase of the study. ","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47637721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ukraine in International Systems for Measuring Gender Inequality","authors":"K. V. Krasnikova, M. Skoryk","doi":"10.31767/su.2(93)2021.02.09","DOIUrl":"https://doi.org/10.31767/su.2(93)2021.02.09","url":null,"abstract":"The article contains a complete list of global and regional instruments for measuring gender inequality relevant to Ukraine with global indices at the forefront, as well as international gender equality assessment systems and data portals available at the global, regional and sectoral levels. \u0000The structure of each of the five global complex and eight global sectoral gender indices from among those covering Ukraine was analyzed: Gender-related Development Index, GDI; Gender Gap Index, GGI; Social Institutions and Gender Index, SIGI; Gender Inequality Index, GII; The SDG Gender Index, SDGGI; Women, Business and the Law Index, WBLI; Women’s Economic Opportunity Index, WEO; Gender Budgeting Indicator, GBI; Women, Peace, and Security Index, WPSI; Gender Social Norms Index, GSNI; Women’s Power Index, WPI; The Female Opportunity Index 2021, FOI2021; Gender Parity Index, GPI. \u0000The sub-indicators of these indices were analyzed, in fourteen thematic areas identified in accordance with the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW). Areas were ranked according to the level of their coverage by global data presented in the indices. \u0000Thematic gender data portals were analyzed and a list of nine sectoral global data was compiled, in particular for Ukraine: Gender data by DHS Program; Gender Data Portal (GenderStats) by The World Bank; Institute for Democracy and Electoral Assistance (IDEA) Gender Quotas Database; The World Inequality Database on Education (WIDE); Gender, Institutions and Development Database; Inter-Parliamentary Union’s: Women in Parliament; ILOStat Labour Statistics on Women; Digital Gender Gaps; Barro-Lee Educational Attainment Dataset. \u0000Based on the results of the analysis, key thematic areas of women’s rights were identified and ranked, whether or not covered by global gender data, on which the indices were built. These areas are: Employment; Political and social life (covered by nine indices out of thirteen relevant to Ukraine); Education (by eight indices, respectively); Commitment to eliminate discrimination (by seven indices); Economic and social life (by six indices); Health care and family planning (by five indices). \u0000Areas where the gender situation may remain unclear due to the lack of global data and the lack of international comparisons have been identified, namely: Temporary special measures; Participation at the international level; Marriage and family life. These areas are covered by only two indices out of thirteen. The thematic area “Women and girls from rural areas” is the least covered by global data and is indexed in only one index out of thirteen. It is concluded that these last thematic areas will be particularly dependent on national statistics and will be in dire need of data.","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43611253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Pharmaceutical Industry in New EU Member States: A Statistical Comparison with Germany. Lessons for Ukraine","authors":"D. Honcharenko","doi":"10.31767/su.2(93)2021.02.03","DOIUrl":"https://doi.org/10.31767/su.2(93)2021.02.03","url":null,"abstract":"Pharmaceutical production is a strategic sector of the EU economy. The authorities of Central and Eastern Europe (CEE) countries that became EU members in 2004 have been building up domestic pharmaceutical industries for purposes of production and distribution of medical drugs (MDs) and medical products (MPs), on the one hand, and government assistance to business entities and public procurement, on the other. The article’s objective is to assess the change in economic performance of the pharmaceutical industry in Poland, Hungary and Czechia after their accession to EU, to make a comparative statistical analysis with Germany, the leader of pharmaceutical production in EU, and to reveal key problems of this industry development in CEE countries, in order to elaborate recommendations for Ukraine on replication of best practices and avoidance of potential risks. \u0000Results of research show that pharmaceutical producers (group 54 SITC Rev.4) in CEE countries have been focusing mostly on EU market, with Germany being their main partner. The turnover of high tech pharmaceutical goods in CEE countries has significantly grown after the accession to EU, along with the significantly grown imports of these goods and the increasing negative trade balance. Pharmaceutical companies in CEE countries could increase the salaries and the apparent labor productivity, but the gap between them and Germany in salary and productivity terms still remains too wide. In the studied CEE countries there has been significant increase in pharmaceutical R&D spending, but its estimated share remains quite low compared with average figures for EU (16.1%) and Germany (25.6%). \u0000It is substantiated that because the future Agreement between the European Community and Ukraine on conformity assessment and acceptance of industrial products (ACAA agreement, or “Industrial visa-free regime”), which is being negotiated right now, will cover the pharmaceutical industry, the Ukrainian pharmaceutics will gain benefits only given the consolidated endogenous capacities of the industry and firmly established advantages of localization providing stimuli for European companies to create production facilities and R&D centers in Ukraine (including ones for contract-based R&D and productions). It is demonstrated that the inflow of investment and technologies from European pharmaceutical companies is capable of accelerating production start-up and exports of MDs and MPs (as time need not be lost for setting up all the links of the chain), thus adding up to the assets of Ukrainian producers (through transfer of knowledge and skills), but all the above cannot compensate for domestic efforts aimed at creating tangible and intangible assets in the industry. Given its Eurointegration context, Ukraine needs to pursue the policy of increasing the industry’s endogenous capacities and rely on the comprehensive approach (instead of focusing on MDs and MPs) that will cover the following key areas: biological and c","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45489522","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The COVID-19 Pandemic in Ukraine: Process Evaluation, Opinion Analysis","authors":"Z. Palian, O. I. Zolotenkova, A. Savchenko","doi":"10.31767/su.2(93)2021.02.07","DOIUrl":"https://doi.org/10.31767/su.2(93)2021.02.07","url":null,"abstract":"The SARS-CoV-2 coronavirus pandemic has proved to be a real test of survival for modern humanity. The global crisis has affected not only the health care system, but also the entire social sphere. For the second year in a row, the world economy is under stress, and countries around the world are assessing and forecasting the scale of economic losses, trying to determine the size of direct and indirect demographic losses. It’s impossible to coordinate the implementation of anti-epidemic measures and disease prevention without adequate response and support from the population. And this requires an analysis of social behavior, its motivation and attitude to the relevant actions of state and local authorities. \u0000The article considers the current trends in the spread of SARS-CoV2 infection in Ukraine and in some European countries. Seasonal fluctuations and cyclical changes in the prevalence of this disease and the number of deaths caused by coronavirus are analyzed. The 7-day seasonal fluctuations are to some extent explained by the peculiarities of the initial registration of such events in Ukraine. After all, some of the test results and medical certificates of death caused by coronavirus disease are submitted to the relevant authorities with some delay. There is a multi-day registration lag after the weekend, when most instances do not work, so the input information is processed with a delay. \u0000The statistical estimates of expected daily number of infected with COVID-19 virus and deaths from this cause (data of the National Security and Defense Council of Ukraine for March-December 2020 and January 2021) are based on an analysis of these trends in the context of effectiveness of preventive measures from “quarantine in free day” up to a hard lockdown. \u0000The article provides a quantitative assessment of the population's response to anti-epidemic measures of government agencies. Database of research comprised a series of opinion polls within the monitoring “Ukraine under quarantine” and “Assessment of Healthcare”, the sociological group “Rating” for 2020–2021. The results of the statistical analysis of psycho-emotional state of the population during the COVID-crisis showed significant differences in the responses of certain respondents groups by age, gender and place of residence. \u0000Using non-parametric methods of statistics, the level of Ukrainian population trust in international and domestic medical institutions, as well as in information coming from various sources was estimated. It turned out that respondents are almost 20 times more willing to read news from regular Internet resources than from the official website of the Ministry of Health of Ukraine and rely more on WHO data. \u0000In the perspective of further research, a statistical analysis of the demographic consequences of the spread of SARS-CoV2 infection in Ukraine is planned.","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48826091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Information Support for the Statistical Assessment of Labor Market Demand in Ukraine","authors":"L. Tkachenko","doi":"10.31767/su.2(93)2021.02.10","DOIUrl":"https://doi.org/10.31767/su.2(93)2021.02.10","url":null,"abstract":"The statistical assessment of labor market demand has to focus on qualitative rather than quantitative characteristics of jobs from the perspective of opportunities for choice and development of employed. Such assessment of jobs requires information and technical support. A review of the available information sources on the number and structure of jobs lays the ground for constructing a comprehensive assessment methodology on the basis of official statistical observations supplemented by administrative data on vacancies. It is shown that each source has its strong and weak sides. The strong sides of official sources are systemic professional approach and standardized techniques for data collection and processing, regularity, data quality control and accountability. But these sources still remain hardly accessible for research purposes, their data are compiled by the formal and sectoral approach and published in highly aggregated form. Alternative sources, including independent analytical and marketing studies, online databases of vacancies, are displayed in open access and contain detailed vacancy descriptions. But these data are unstructured, fragmented and need careful treatment due to a high probability of the system bias caused by broad applications of marketing strategies. \u0000The comprehensive assessment of labor market demand should be based on the results of Labor Force Survey, which enable for simultaneous structuring of indicators by social-demographic characteristics of respondents and organizational-economic characteristics of production units. Data from this survey have to be supplemented by data from enterprise surveys on labor statistics, labor conditions and business tendencies, anonymous data from the registers of the Pension Fund of Ukraine, and by data on vacancies available in the databases of the State Employment Service and private recruitment companies.","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47746309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Comprehensive Assessment of the Demographic Security of the Republic of Belarus","authors":"E. Е. Sharilova","doi":"10.31767/su.1(92)2021.01.09","DOIUrl":"https://doi.org/10.31767/su.1(92)2021.01.09","url":null,"abstract":"Security is a necessary component of the life of individuals and society as a whole. One of the most important components of the national security is demographic security, which achievement in the Republic of Belarus means the neutralization of threats such as depopulation, population ageing, degradation of the family institute and unregulated migration processes. \u0000The article presents a methodology for a comprehensive statistical assessment of the demographic security of the Republic of Belarus for 2000–2019, based on of the dualistic approach to the interpretation of this concept, proposed by the author, namely: real and potential demographic security. The real demographic security is the degree of protection from demographic threats in the current social circumstances, which is largely determined by the compliance of government policy with demographic realities. \u0000The proposed methodology for a comprehensive assessment of demographic security includes five consecutive phases: formulating a definition of “demographic security”, identifying demographic threats, building a set of indicators for a comprehensive statistical assessment of demographic security, assessing the effect of demographic threats (general and real), and, finally, assessing the degree of protection from demographic threats (real demographic security). \u0000The structural components of the overall strength of demographic threats are the degrees of real demographic security and the real strength of the threats. The following trend in these values was observed in the Republic of Belarus in 2000-2019: an increase in the degree of real demographic security in parallel with a decrease in the degree of real combined strength of threats in 2015 compared to 2000, giving way to a decrease in the first indicator and an increase in the second one in 2019. It follows that the achievements of the Republic of Belarus in demographic security were short-lived. For a systemic change in the negative trends, it is necessary to form a favorable demographic situation through the active use of educational and propagandist measures.","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47260044","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How the Structure of GDP of Ukraine Responded to COVID-19","authors":"R. Motoryn, Т. М. Motoryna, К. R. Prykhodko","doi":"10.31767/su.1(92)2021.01.02","DOIUrl":"https://doi.org/10.31767/su.1(92)2021.01.02","url":null,"abstract":"The impact of the COVID-19 pandemic on the structure of Ukrainian GDP is studied, with summing up the causes of impact occurrence and mechanisms of manifestation. The peculiarities of the pandemic’s impact on the institutional and industrial structure of economy in the specific conditions of Ukraine are revealed. The dynamics of the structure of the domestic GDP in the conditions of pandemic is analyzed. \u0000The contribution of the sectors of non-financial corporations, households, financial corporations and government in the Ukrainian GDP is highlighted. It is shown that the increased economic activity of non-financial sector resulted in a growth in dividends, royalties and other components of the property income. However, financial corporations, general government and households were losing property incomes, first of all due to the decreased interest rate of the National Bank of Ukraine, which reduced incomes of financial corporations in form of interests on loans, bond yields of the government, and deposit incomes of households. \u0000Problems of redistribution of primary incomes of sectors by the financial system are discussed. Emphasis is made on the banking sector. With the pandemic shattering the financial health of banks, they started to increase the commission fees to compensate the losses. This process is expected to go on in the forthcoming months. At the initial period of the economy freezing, banks did not feel its outcomes as severely as sectors like tourism, transport or culture. The dynamics of GDP structure by economic activity is analyzed by three dimensions given the available national accounts data of the State Statistics Service of Ukraine. The analysis covers, first, the dynamics of GDP structure by economic activity in absolute terms, second, the dynamics of GDP structure in current prices, and, third, the dynamics of GDP structure in last year prices, thus eliminating the price effect for the dynamics of GDP. The adverse impact of the dynamics of prices occurred in the following sectors: manufacturing; health care and social aid; education; water supply, sanitation, waste treatment; transport; storage facilities; postal and courier activities; temporary accommodation and public catering. While the grown prices for these sectors’ products increased their weight in GDP in current prices, this weight was smaller in comparable prices. \u0000The study was conducted on the basis of research publications and material of the State Statistics Service of Ukraine and professional organizations. Desk research method was used in the process, i. e. analysis of available data, involving extraction and exploration of the already available information, which is the basis for producing new data in line of the author’s research objective. ","PeriodicalId":52812,"journal":{"name":"Statistika Ukrayini","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44740539","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}