Comparative analysis of countries in the peer-group based on economic potential and components of sustainable development

Sergii Voitko () and Irina Grinko ()
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Sergii Voitko: PhD in Economics and is professor at the National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Kyiv, Ukraine;
Irina Grinko: PhD, assistant professor of the department of international economy, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Kyiv, Ukraine;

CES Working Papers, 2017, vol. 9(3), issue 3, 359-376

Abstract: The authors study levels of sustainable development potential and determine the positions of Ukraine and other countries in the peer-groups [4], based on individual macroeconomic indicators. The research includes a comparative analysis of absolute and relative terms of GDP, industrial production and the index of competitiveness for the countries included to the peer-groups. The authors analyse the position of countries based on the GDP per capita and components of sustainable development (Quality of Life Index and Security of Life Index). In the article, the authors suggest the methodical approach of performing the comparative analysis of peer-group countries based on their indicators values. This approach gives the possibility to investigate the country’s potential in the limits of the chosen peer-group and propose the recommendations for increase of economic potential in purpose of sustainable development achievement.

Keywords: sustainable development, GDP, peer-group, GDP per capita, comparative analysis (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2017:v:9:i:3:p:359-376

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