 Macrostructural factors of the slow down of Ukraine's economic growthI. Kryuchkova Economy and Forecasting, 2012, issue 4, 5-18 Abstract: The article highlights dangerous changes in the structure of distribution of gross disposable income (GDI) between the institutional sectors of Ukraine's economy. First of all, it is the redistribution of income in the corporate sectors in favor of the financial corporations through overstated net incomes from property, which leads to lower credit capacity of the companies and reduced investment sources in the real sector with a slow down of the renewal of the pre-crisis level of the generation of fixed capital. A comparative analysis with the OECD countries shows that the overstated credit rates are the main reason of the above mentioned expansion of the financial sector. Secondly, the rise in pensions, which is poorly coordinated with the possibilities of the sector of general government, and the following similarly poorly coordinated increase in salaries in the budget funded sector both lead to dangerous, for the state, distortions in the GDI distribution between the state and population through the increase in the gap between the obtained and paid social transfers. And that tendency brings about a decrease in gross available income of the general government to a dangerously low level and accumulation of the state debt. The author justifies safe and necessary, for overcoming the crisis, GDI levels by the institutional sectors. Date: 2012 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eip:journl:y:2012:i:4:p:5-18 Access Statistics for this article Economy and Forecasting is currently edited by Iryna Bazhal More articles in Economy and Forecasting from Valeriy Heyets |
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