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Estimates of Trade Dependence of Ukraine: An Indicator of Effectiveness of its Economic Structure and Foreign Economic Activities

Olena Borzenko, Natalia Reznikova, Maryna Rubtsova, Volodymyr Panchenko

Abstract


The approach to study the significance of trade relations between countries by analyzing economic vulnerability, economic sensitivity, symmetry and asymmetry of the established economic links is proposed in this article. This approach is adapted to analysis of the trade dependence of Ukraine. The estimated interdependence ratios for Ukraine and its largest trade partners – EU, Russian Federation, post-soviet countries, China, the U.S., and Brazil and India as emerging economies – are compared to the respective ratios of Ukraine’s dependence on these countries’ markets. The analyzed dynamics of the Ukrainian GDP dependence on the Ukraine’s trade partners shows the growing relative weight of the countries that had not played a substantial role in the foreign trade of Ukraine. The proposed approach for estimating the quality of the established trade relations is supposed to contribute to the radical transformation of Ukraine’s foreign trade.   


Keywords


Interdependence; Dependence; Quality Patterns; Ukraine vs. Russia; Progressive disruption but convergence with EU

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References


Cooper R, Kenen PB, Jones RW (1985) Economic Interdependence and Coordination of Economic Policies. URL: http://econpapers.repec.org/bookchap/eeeintchp/2-23.htm.

United Nations Conference on Trade and Development . [Electronic resource]. – Mode of access:http://unctadstat.unctad.org/EN/

International Trade Centre [Electronic resource]. – Mode of access: http://www.trademap.org

State Statistics Service of Ukraine [Electronic resource]. – Mode of access: http :// www.ukrstat.gov.ua /

World Bank Group [Electronic resource]. – Mode of access: http://www.worldbank.org/

World Bank Indicators [Electronic resource] // The World Bank. – Mode of access: http://data.worldbank.org/indicator/.




DOI: http://dx.doi.org/10.14666/2194-7759-6-1-006

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"Journal Global Policy and Governance" ISSN online 2194-7740 / ISSN print 2194-7759

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