Indicators of international trade  orientation of Ukraine in the context of assessment of the effectiveness of its  export relations

N.  Reznikova; O.  Osaulenko; V.  Panchenko

Indicators of international trade orientation of Ukraine in the context of assessment of the effectiveness of its export relations

N. Reznikova Doctor of Economics, Professor of the Chair of World Economy and International Economic Relations of Institute of International Relations Taras Shevchenko National University of Kyiv. Ukraine. , O. Osaulenko Doctor of Public Administration, Professor, Corresponding Member of National Academy of Sciences of Ukraine, Rector of National Academy of Statistics, Accounting and Audit, Kiev. Ukraine , V. Panchenko Post-PhD at Mariupil State University. Ukraine. Statistics in Transition new series, vol. 19, 2018, 1, pages: 119-134 Published online: 1 March 2018

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ABSTRACT

The approach to study the significance of trade relations between countries by analysing economic vulnerability, economic sensitivity, symmetry and asymmetry of the established economic links is proposed in the paper. This approach is adapted to an analysis of the trade dependence of Ukraine. The estimated interdependence ratios for Ukraine and its largest trade partners – the EU, the Russian Federation, post-Soviet countries, China, the USA and Brazil and India as emerging economies – are compared with the respective ratios of Ukraine’s dependence on these countries’ markets. The analysed dynamics of Ukraine’s GDP dependence on Ukraine’s trade partners shows a growing relative weight of the countries that have not had 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

economic policy, export orientation, trade relations, trade dependence

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