Mykhailo Y. Kryvoruchko
|INSTITUTIONAL INFLUENCE ON THE INTERREGIONAL DISPARITIES IN THE SOCIO-ECONOMIC DEVELOPMENT IN UKRAINE|
|Mykhailo Y. Kryvoruchko
Cherkasy State Technological University,
|Abstract. This study examines institutional influence on the interregional disparities in socio-economic development in Ukraine. The research methodology is based on the new institutional approach and application of regression analysis: three empirical models consisting of the coefficients of variation of gross regional product per capita, available income per capita, salary per employee in place of dependent variables, and institutional governance indicators in place of independent ones, are tested on a linear correlation. The empirical evidence indicates the correlation between available income variation and institutional governance is insignificant, but that there is a strong and significant correlation with gross regional product and salary. Our preliminary assumption on the negative sign of regression parameters does not come true; therefore, we conclude that the positive nature of institutional influence on the interregional disparities in Ukraine could be explained by the resource-oriented structure of Ukrainian economy: overall economic growth leads to speeding-up of economic development of the leading regions, which in turn, causes deepening interregional disparities
|Key words: Institutional Governance, Interregional Disparities, Socio-Economic Development, New Institutionalism, Living Standards Dynamics
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