№ 1/2022

№ 1/2022

Nauk. pr. NDFI 2022 (1): 69–82https://doi.org/10.33763/npndfi2022.01.069

FINANCIAL AND ECONOMIC REGULATION

ILYUSHA Sergij ¹

¹SO "Institute for Economics and Forecasting of the NAS of Ukraine"
OrcID ID : https://orcid.org/0000-0002-6177-4996

Intensive economic growth: opportunities and consequences

This paper is devoted to the study of the features and conditions of intensive economic growth in the context of Ukrainian realities. The research tool was a simulation model based on tables “cost-output”, developed at the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine. In the course of the research a variant analysis of macroeconomic aggregates was carried out to identify specific effects of the financial aspects of the implementation of scenarios of intensive economic growth were considered and an example was given that illustrates the benefits of intensive growth. The analysis of calculations clearly demonstrates the effect of the Keynesian investment multiplier in intensive growth. Research has also revealed the effect of passive gross investment savings, which is not recorded in scientific publications. It has been experimentally proven that due to these effects, intensive economic growth becomes not only possible but also profitable.

Keywords:macroeconomic aggregates, Input-Output tables, endogenization, simulation models, investments, borrowing, growth rates

JEL: C50, C67

Ilyusha S. . Intensive economic growth: opportunities and consequences / S. Ilyusha // Наукові праці НДФІ. - 2022. - № 1. - C. 69-82.

Article original in Ukrainian (pp. 69 - 82)

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