Comparative analysis of the influence of basic factors on the growth of national economy of China and Ukraine

• Main Author: Michael Ornat
• Format: Article
• Language: English
• Published: Ukrainian Center for Cultural Studies 2014-01-01
• Series: Cхід
• Subjects: ВВП на одну особу; народне господарство; Китай; Україна; реформування; експорт; імпорт; високі технології; безробіття; порівняльний аналіз
• Online Access: http://skhid.kubg.edu.ua/article/view/19239

Research of the experience and the comparison of reforming of national economy of China and Ukraine is an actual issue for economic development of the latter. The purpose of the article is the comparison and designation of the influence of major economic factors on growth of national economy of China and Ukraine on the basis of the factorial analysis. Besides that the article includes practical recommendations concerning possible implementation of positive experience of China's reforming for economic development of Ukraine. The comparative analysis of influence of major factors on growth of national economy of China and Ukraine during the economic reforms in both countries is carried out for the first time for Ukraine. Comparing trends of economic growth in Ukraine and China, the following conclusion can be stated that the national economy of China didn't slow down economic growth rates, despite a world economic crisis, at the same time crisis negatively affected Ukraine. Moreover, Ukrainian government hasn't succeeded to reach the gross domestic product per capita at pre-crisis level till nowadays. The analysis of a correlation matrix of the economic factors of China and Ukraine gives the opportunity to define conclusions that the growth of volume of gross domestic product per capita densely depends on volumes of foreign direct investments, export-import transactions, export of the high technologies in both countries. Also as a result of the conducted research, it is possible to define a conclusion regarding no uniformity of the economic reforms in China.