International trade is of crucial importance for Ukraine's economy. Key industries such as metallurgy or chemical manufacturing currently export more than half of their total output.
International trade is of crucial importance for Ukraine's economy. Key industries such as metallurgy or chemical manufacturing currently export more than half of their total output.
Ukraine's agriculture seems to have overcome the worst phase of the transition period and has started to increase its overall output in a more reliable economic and institutional environment. This latter fact makes the sector-specific impacts of external shocks and policy interventions more predictable.
The determinants of firms’ fixed capital investment play an important role in growth and business cycle theories. They are crucial in designing optimal fiscal policy. Hence, study aimed at the identification of the major impediments to the optimal level of investment at firm level, has not only academic interest, but also provides practical implications for economic policy.
This paper examines the options of transporting Russian gas to Western Europe, an issue that has thus far been dominated by a single transit country, Ukraine. The development of a new transit corridor through Belarus, the so-called Yamal-Europe pipeline, has modified the situation profoundly.
Two economies, a centrally planned economy (CPE) and a post transition regulated mixed economy (RMME), are modeled in a static general equilibrium setting that allows for trade-offs among the quantity, quality and variety of production. Equilibrium in these economies are determined by the quality of public governance.