HOME PAGE | |
№ 2022/3
1State University of Trade and Economics
EVALUATION OF THE ECONOMIC POTENTIAL OF TRADE INDUSTRY COMPANIES OF UKRAINE
Ekon. prognozuvannâ 2022; 3:131-148 | https://doi.org/10.15407/eip2022.03.131 |
ABSTRACT ▼
The economic potential of Ukraine’s trade industry for the period 2014-2020 is estimated based on the analysis of structural changes in the industry and economic potential of trade companies. Pre-war performance indicators show that the trade industry of Ukraine was one of the drivers of the economy. At the same time, the period of the beginning of the COVID restrictions led to the growth of not only e-commerce, but also trade in general. But Russia's full-scale invasion of Ukraine, which began on February 24, 2022, caused a great damage to both the Ukrainian economy in general and the trade industry in particular.
The study reveals the consolidation of regional business trading companies and further specialization of small businesses.
The drivers of the trade industry development are the growth of information and technical and technological potential of its companies. Accordingly, among the priority areas for capital investment in the industry are software, and obtaining patents, licenses and trademarks, both own and those obtained by partner companies.
Assessment of the financial potential of companies in the trade sector reveals a tendency to move from long-term to short-term financing, which indicates increased business risks. The sources of the risks include the rising energy prices and instability of the foreign economic situation with constant changes in the regulation of the industry.
Estimates of the economic potential of Ukraine’s trade industry are supplemented by an analysis of warehousing, which is a related industry for trade. As cases of destruction of warehouses during the current hostilities have shown, the development of warehousing is critical for the realization of the economic potential of trade. It was found that the warehousing industry shows uneven development by region. Based on the analysis, the author formulates a series of recommendations on the directions of economic policy for the post-war recovery of trade and warehousing.
Keywords:potential, economic potential, trade, company
JEL: L10; L81; M21
Article in Ukrainian (pp. 131 - 148) | Download | Downloads :85 |
REFERENCES ▼
2. Maslak, O.I., & Bezruchko, O.O. (2014). Management of economic potential of the enterprise at different stages of its life cycle. Marketynh i menedzhment innovatsij – Marketing and innovation management, 1, 201-212. Retrieved from nbuv.gov.ua/UJRN/Mimi_2014_1_22 [in Ukrainian].
3. Azhaman, I.A., Gronskaya, M.V., & Pushchina, N.V. (2020). Practical aspects of assessing the economic potential of the enterprise. Efektyvna ekonomika – Efficient economy, 4. doi.org/10.32702/2307-2105-2020.4.7 [in Ukrainian].
4. Kis, G.R. (2011). The mechanism of ensuring the effective reproduction of the economic potential of the trading company. (Doctoral dissertation). Lviv [in Ukrainian].
5. Zubkov, S.O. (2020). Methodology of formation of strategy of development of the enterprises of trade. (Doctoral dissertation). Kharkiv [in Ukrainian].
6. Emelyanov, O.Y. (2019). Tools and models for assessing the potential of economic development of enterprises. (Doctoral dissertation). Lviv. doi.org/10.25313/2520-2294-2019-5-5006 [in Ukrainian].
7. Nusinov, V.Ya., & Shura, N.O. (2017). Improving the methodology for assessing the economic potential of the enterprise using potential industry clusters. Visnyk ZhDTU: Ekonomika, upravlinnia ta administruvannia – Bulletin of ZhSTU: Economics, Management and Administration, 3 (81), 80-88. doi.org/10.26642/jen-2017-3(81)-80-88 [in Ukrainian].
8. Shura, N.O. (2021). Considering the time factor when assessing economic potential. Accounting, analysis and control in the strategy of economic development of Ukraine: materials VII International. scientific-practical conf. No. 14 (p. 244-247). Lutsk: IVV Lutsk NTU [in Ukrainian].
9. State Statistics Service of Ukraine. Activities of enterprises. Retrieved from ukrstat.org/uk/operativ/menu/menu_u/sze_20.htm [in Ukrainian].
10. Yermakova, K.V. (2014). Strategic analysis of the trade industry of Ukraine. Upravlinnia rozvytkom – Development Management, 14, 50-54 [in Ukrainian].
11. Rovenska, V.V.; Burkatskyi, Yu.Yu. (2019). Analysis of the current state of development of the trade industry of Ukraine. Ekonomichnyj visnyk Donbasu – Economic Bulletin of Donbas, 2 (56), 145-150. doi.org/10.12958/1817-3772-2019-2(56)-145-150[in Ukrainian].
12. Kopteva, G.M. (2019). Current state and trends of retail enterprises. Pryazovs'kyj ekonomichnyj visnyk – Pryazovskyi economic herald, 6(17), 140. doi.org/10.32840/2522-4263/2019-6-27 [in Ukrainian].
13. Kis, G.R. (2014). Reproduction of economic potential in the system of strategic development of trade enterprises. Naukovyj visnyk Khersons'koho derzhavnoho universytetu. Ser.: Ekonomichni nauky – Scientific Bulletin of Kherson State University. Ser.: Economic Sciences, 7 (3), 48-51 [in Ukrainian].
14. Balaban, M.P.; Balaban, P.Yu. (2017). Problems of developing the material and technical potential of internal trade of Ukraine. Naukovyj visnyk Poltavs'koho universytetu ekonomiky i torhivli. Seriia: Ekonomichni nauky – Scientific Bulletin of the Poltava University of Economics and Trade. Series: Economic Sciences, 1, 9-14 [in Ukrainian].
15. Zubkov, S.O. (2014). Indicators of evaluating the effectiveness of the use of elements of the resource potential of a trade enterprise. Ekonomichna stratehiia i perspektyvy rozvytku sfery torhivli ta posluh – Economic strategy and prospects for the development of trade and services, 1, 147-158 [in Ukrainian].
16. Krasnokutska, N.S.; Kruglova, O.A. (2016). Peculiarities of formation and use of resource potential of trade enterprises in Ukraine. Economic annals-XXI, 162, 73-78. doi.org/10.21003/ea.V162-15 [in Ukrainian].
17. Frolova, L.V., Ivanchuk, K.O. (2015). Trends in the development of trade enterprises of Ukraine. Visnyk Donets'koho natsional'noho universytetu ekonomiky i torhivli im. Mykhajla Tuhan-Baranovs'koho. Seriia: Ekonomichni nauky – Bulletin of the Donetsk National University of Economics and Trade named after Mykhailo Tugan-Baranovskyi. Series: Economic Sciences, 1, 109-120 [in Ukrainian].
18. Yesina, V.O.; Rudachenko, O.O. (2021). Prospective assessment of the economic potential of Ukrainian industries. Development of the accounting, analysis and audit system in Ukraine: theory, methodology, organization: a collection of abstracts of reports of the participants of the 19th All-Ukrainian Scientific Conference (p. 122). Kyiv: August Trade LLC [in Ukrainian].
19. Komlichenko, O.O., Rotan, N.V. (2014). Formation and evaluation of the economic potential of the tourism industry of the region. Visnyk Odes'koho natsional'noho universytetu. Seriia: Ekonomika – Bulletin of Odessa National University. Series: Economics, 19: 2 (4), 178-182 [in Ukrainian].
20. Amosha, O.I.; Antonyuk, V.P. (2016). The labor market of Ukrainian industry and the labor potential of the industry: modern trends and problems. Rynok pratsi ta zajniatist' naselennia – Labor market and population employment, 4, 18-24 [in Ukrainian].
21. Gryshchenko, I.V. (2014). Organizational and economic foundations of managing the use of the export and import potential of the region in the system of ensuring environmental and economic security. PhD Thesis. Sumy: Sumy State University [in Ukrainian].
22. Lesik, L.I. (2015). Indicators and methods of evaluating the economic potential of machine-building enterprises: diss.... candidate of economic sciences. Lviv Polytechnic National University. Lviv [in Ukrainian].
23. Haustova, K.M. (2017). Theoretical approaches to assessing the regional potential of the industry. Byznes Ynform – Business Inform, 1 (468), 127-131 [in Ukrainian].
24. Voronkova, O.Yu., et al. (2019)ю Sustainable Development of Territories Based on the Integrated Use of Industry, Resource and Environmental Potential. International Journal of Economics & Business Administration (IJEBA), 7.2, 151-163. doi.org/10.35808/ijeba/223
25. Loi, A.; Blakyta, G. (2021). Economic potential of the trade enterprise: structural aspect. Bulletin of Kyiv National University of Trade and Economics, 6 (140), 80-88. doi.org/10.31617/visnik.knute.2021(140)06
26. Cernat, Lucian; Atimiani, Alessandro (2021). Untapping the Full Development Potential of Trade Along Global Supply Chains: ‘GVCs for LDCs’ Proposal.doi.org/10.54648/TRAD2021029 Journal of World Trade, 55.5.
27. Kenderdine, Tristan; Bucsky, Péter (2021). Middle corridor-policy development and trade potential of the Trans-Caspian International Transport Route. ADBI Working Paper Series.
28. Ahlström, Johan M., et al. (2020). Economic potential for substitution of fossil fuels with liquefied biomethane in Swedish iron and steel industry – synergy and competition with other sectors. Energy Conversion and Management, 209, 112641. doi.org/10.1016/j.enconman.2020.112641
29. Qosimov, Azamat Abdukarimovich (2020). Statistical forecasts of the economic potential of industry of the surkhandarya region and the prospects of its further development. The American journal of management and economics innovations, 2.11, 1-15. doi.org/10.37547/tajmei/Volume02Issue11-01
Events calendar
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
1 | ||||||
2 | 3 | 4 | 5 | 6 | 7 | 8 |
9 | 10 | 11 | 12 | 13 | 14 | 15 |
16 | 17 | 18 | 19 | 20 | 21 | 22 |
23 | 24 | 25 | 26 | 27 | 28 | 29 |
30 |