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Macroeconomic Stability and Its Impact on the Economic Growth of the Country

Tatiana Vasylieva, Sergij Lyeonov, Oleksii Lyulyov and Kostiantyn Kyrychenko

Montenegrin Journal of Economics, 2018, vol. 14, issue 1, 159-170

Abstract: The main purpose of this research is to study the role and impact force of macroeconomic stability on economic growth in the period from 2000 to 2016, using the modified Cobb–Douglas production function. The results of Global Competitiveness Report, published by World Economic Forum, demonstrated that at the existing level of economic growth in Ukraine the basic drivers for improvement of the country's competitiveness are necessary to be considered for building of the production function.

Date: 2018
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Handle: RePEc:mje:mjejnl:v:14:y:2018:i:1:p:159-170