Natural Resource Systems and their Impact on the Economic Development of Ukraine

Oksana Vladimirovna Sakal () and Natalia Tretiak
Additional contact information
Oksana Vladimirovna Sakal: State Institution «Institute of Environmental Economics and Sustainable Development of the National Academy of Sciences of Ukraine»

Spatial Economics=Prostranstvennaya Ekonomika, 2015, issue 1, 135-143

Abstract: To assess the impact of natural resource systems (natural resources in general, land and forestry in particular) on the development of Ukraine’s economy the authors calculated the separate elasticity of growth factors, which are the labor (number of employees), physical capital (value of fixed assets) and natural capital. All results are based on the Cobb - Douglas production function in logarithmic form. Depending on the influence level of the functioning effects of natural resource systems (high, medium, low) the authors divided Ukraine’s regions into three groups. This impact assessment of integrated resource potential (natural resource systems) gives a more optimistic result than the results of its components (land and forestry complexes). In the first case there are 6 regions in the group with low impact, whereas in the second case - 10 and 14 regions, respectively.

Keywords: ?; åffects; evaluation; ?; natural; resource; systems; ?; land; complex; ?; forestry; complex; ?; region; ?; economy; ?; Ukraine (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.spatial-economics.com/images/spatial-ec ... 35-143.Sakal.pdf.pdf (application/pdf)
http://spatial-economics.com/eng/arkhiv-nomerov/20 ... 79-SE-2015-1-135-143 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2015:i:1:p:135-143

DOI: 10.14530/se.2015.1.135-143

Access Statistics for this article

Spatial Economics=Prostranstvennaya Ekonomika is currently edited by Pavel Minakir

More articles in Spatial Economics=Prostranstvennaya Ekonomika from Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia) Contact information at EDIRC.
Bibliographic data for series maintained by Sergey Rogov ().