Structure of GDP use in EU countries: relationship of Indicators
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Дата
2023
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Анотація
The article examines the relationship between indicators of the structure of GDP use, their proportions, and analyzes the likely relationship with the level of development in the EU countries. On the basis of official statistical data, a matrix of pairwise correlation coefficients was constructed for indicators of GDP calculation based on final consumption and indicators of economic growth for 25 EU countries (Ireland and Liechtenstein were excluded from the sample as atypical). In order to draw conclusions about the possibility of using the experience of building European models for Ukraine, the correlation matrix was divided separately for EU countries with GDP per capita greater than 25,000 euros and less than 25,000 euros. It was found that more developed countries have a smaller share of household final consumption in GDP and a very close negative correlation with the level of economic development. There is a different level of dependence between investments and economic growth: for developed countries, this indicator is much lower. Highly developed countries provide higher rates of economic growth not at the expense of investments, but at the expense of the development of foreign trade. Accordingly, taking into account the current realities and features of economic development, Ukraine needs to use a combination of models of developing countries and developed countries of the EU for an accelerated exit from the post-war crisis.
Опис
Ключові слова
GDP structure, investments, final household consumption, final government expenditures, exports, imports, economic model, pairwise correlation
Бібліографічний опис
Zadoia A., Mahdich A., Zadoia O. Structure of GDP use in EU countries: relationship of Indicators. Věda a perspektivy. 2023. №3 (22). РР. 35-44. https://doi.org/10.52058/2695-1592-2023-3(22)-35-44