Assessment of the development of foreign trade in high-tech production of Ukraine under the association with the EU
Abstract
Purpose – the purpose of article should assess the main factors affecting the development of trade in high-tech products of Ukraine in the context of association with the EU and the spread of a new industrial revolution.
Research methodology – the scheme of research of trade of high-tech products of Ukraine from the EU on the basis of qualitative and quantitative economic-statistical analysis, analysis of comparative advantages and correlation-regression analysis.
Findings – the results of the analysis show that the main factors determining the low presence of Ukraine in the world market of high-tech products are the outdated structure of production, a low level of R&D costs, and a decrease in the innovative activity of Ukrainian enterprises. The article presents the author’s recommendations on improving the effectiveness of foreign trade in high-tech products of Ukraine in the EU market.
Research limitations – the absence of a state development strategy for the production of hightech products does not make it possible to accurately determine indicators of scientific research of the potential of Ukraine.
Practical implications – correlation-regression analysis results can be used in the private and state sectors of the economy of Ukraine.
Originality/Value – the original combination of schemes and methods allowed us to identify new critical places for export development in the context of the association of Ukraine with the EU.
Keyword : high-tech products, export-import, comparative advantages of export, EU-Ukraine association
How to Cite
Matyushenko, I., Hlibko, S., Petrova, M. M., Pasmor, M. S., & Loktionova, M. (2020). Assessment of the development of foreign trade in high-tech production of Ukraine under the association with the EU. Business, Management and Economics Engineering, 18(1), 157-182. https://doi.org/10.3846/bme.2020.11578
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Paterson, M. (2010). Understanding global environmental politics: Domination, accumulation, resistance. Macmillan.
Pukala, R., & Petrova, M. (2019). Application of the AHP method to select an optimal source of financing innovation in the mining sector. E3S Web of Conferences, 105, 04034. https://doi.org/10.1051/e3sconf/201910504034
Pukala, R. (2019). Start-ups as one of the elements triggering the development of Industry 4.0. MATEC Web of Conferences, 297, 08002. https://doi.org/10.1051/matecconf/201929708002
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Bacho, R., Pukala, R., Hlibko, S., Vnukova, N.,& Pola, P. (2019). Information management: The key driver of the economic system’s development. Marketing and Management of Innovations, 3, 297– 307. https://doi.org/10.21272/mmi.2019.3-23
Barancheiev, V., & Kleimenov, K. (2001). Marketingovyye tsepochki tsennostey I konkurentnoye preimushchestvo kompanii [Marketing value chains and the company’s competitive advantage]. Marketing, 4, 23–31.
Breley, F. (2005). International marketing strategy (5th ed.). Prentice Hall.
Burnett, J., & Moriarty, S. (1998). Introduction to marketing communications: An integrated approach. Prentice-Hall.
Caves, D. W., Christensen, L., & Diewert, E. W. (1982). The economic theory of index numbers and the measurement of input, output, and productivity. Econometrica, 50(6), 1393–1414. https://doi.org/10.2307/1913388
Chesbrough, H. (2003). Open innovation. The new imperative for creating and profiting from technology. Harvard Business School Press.
Christensen, C. (2020). The law of successful innovations. Why the client “hires” your product and how knowledge of it helps new developments. Alpina Publisher.
Cook, W. D., & Seiford, L. M. (2009). Data envelopment analysis (DEA) – thirty year on. European Journal of Operational Research, 192(1), 1–17. https://doi.org/10.1016/j.ejor.2008.01.032
Dragan, G. (2012). EU structural instruments – key component in improving the Romanian macroeconomic stability? Procedia Economics and Finance, 3, 1185–1190. https://doi.org/10.1016/S2212-5671(12)00294-8
Duginec, G. (2018). Hlobal’ni lantsyuhy vartosti: monohrafiya [Global value chains: A monograph]. Kiyv National Trading-Economics University.
Emerson, M., & Movchan, V. (2016). Pohlyblennya vidnosyn mizh EU ta Ukrayinoyu. Shcho, chomui yak? [Deepening of relations between the EU and Ukraine. What, why and how?]. Center for European Political Studies, Brussels; Institute for Economic and Political Studies, Kyiv.
Eurostat. (2005). What is high-tech trade? Definition based on the SITC nomenclature. Office for Official Publications of the European Communities, Luxembourg.
Eurostat. (n.d.a). High-tech statistics – economic data. http://ec.europa.eu/eurostat/statisticsexplained/index.php/High-tech_statistics_economic_data#Economic_statistics_on_high-tech_sectors
Eurostat. (n.d.b). High-technology aggregations based on SITC Rev. 4. http://epp.eurostat.ec.europa.eu
Eurostat. (n.d.c). Production and international trade in high-tech products. http://ec.europa.eu/eurostat/statistics-explained/index.php/Production_and_international_trade_in_high-tech_products
Fedulova, L. (Ed.). (2011). Tekhnolohichnyy imperatyv stratehiyi sotsial’no-ekonomichnoho rozvytku Ukrayiny [The technological imperative of the strategy of socio-economic development of Ukraine]. NAS of Ukraine, Kyiv.
KPMG. (2015). Global manufacturing outlook. Preparing for battle: Manufacturers get ready for transformation. https://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/Global-Manufacturing-Outlook-O-201506.pdf
Gryshova, I., Petrova, M., Tepavicharova, M., Diachenko, A., & Gutsul, T. (2019). A model for selection of a management team to ensure the sustainability and development of the business organizations, Entrepreneurship and Sustainability Issues, 7(1), 690–703. https://doi.org/10.9770/jesi.2019.7.1(49)
Khaustova, V. (2015). Promyslova polityka v Ukrayini: formuvannya ta prohnozuvannya [Industrial Policy in Ukraine: Formation and Forecasting]. PH INZHEK.
Koval, V., Duginets, G., Plekhanova, O., Antonov, A., & Petrova, M. (2019). On the supranational and national level of global value chain management. Entrepreneurship and Sustainability Issues, 6(4), 1922–1937. https://doi.org/10.9770/jesi.2019.6.4(27)
Kyzym, M. (2011). Promyslova polityka ta klasteryzatsiya ekonomiky Ukrayiny [Industrial policy and clustering of Ukrainian economy]. PH INZHEK.
Kyzym, M., & Matyushenko, I. (Eds.). (2014). Otsinka mozhlyvostey rozshyrennya I zamishchennya rynkiv zbutu dlya produktsiyi pidpryyemstv real’noho sektoru Ukrayiny [Estimation of opportunities to expand and substitute the markets for Ukraine’s real sector enterprises]. PH INZHEK.
Labunska, Sv., Petrova, M., & Prokopishyna, O. (2017). Asset and cost management for innovation activity, Economic Annals – XXI, 165(5–6), 13–18. https://doi.org/10.21003/ea.V165-03
Matt, D., Modrak, V., & Zsifkovits, H. (2020). Industry 4.0 for SMEs. Challenges, opportunities and requirements. Palgrave Macmillan. https://doi.org/10.1007/978-3-030-25425-4
Matyushenko, I. (2017). Perspektyvy rozvytku konverhentnykh tekhnolohiy v krayinakh svitu y Ukrayini dlya vyrishennya hlobal’nykh problem [Prospects for the development of convergent technologies in the countries of the world and Ukraine to solve global problems]. Private publisher L.M. Liburkina.
Melnik, T. (2008). Eksportnyy potentsial Ukrayiny: metodolohiya otsinky ta analiz [Export potential of Ukraine: methodology for evaluation and analysis]. International Economic Policy, 1–2, 241–271. MIT. (2013). 2013 emerging trends report. MIT Technology Review, (Special issue). http://oneglobalonline.com/k/docs/MIT_Technology_Review_2013.pdf
Moore, D., McCabe, G., Craig, B., & Alwan, L. (2016). The practice of statistics for business and economics. Macmillan Learning.
Mussapirov, K., Djаlkibaev, Kurenkeyeva, J. G., Kadirbergenova, A., Petrova, M., & Zhakypbek, L. (2019). Business scaling through outsourcing and networking: selected case studies. Entrepreneurship and Sustainability Issues, 7(2), 1480–1495. https://doi.org/10.9770/jesi.2019.7.2(48)
OECD. (2011). ISIC rev. 3 technology intensity definition. Classification of manufacturing industries into categories based on R&D intensities. OECD Directorate for Science, Technology and Industry, Economic Analysis and Statistics Division. https://www.oecd.org/sti/ind/48350231.pdf
OECD. (2015). Enabling the next production revolution: issues paper. https://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=DSTI/IND(2015)2&docLanguage=En
Official site of the State Statistics Service of Ukraine. (n.d.). http://www.ukrstat.gov.ua
Pagliacci, F. (2014). Europe 2020 challenges and regional imbalances.A spatial analysis. https://www.aisre.it/images/old_papers/Pagliacci.pdf
Paterson, M. (2010). Understanding global environmental politics: Domination, accumulation, resistance. Macmillan.
Pukala, R., & Petrova, M. (2019). Application of the AHP method to select an optimal source of financing innovation in the mining sector. E3S Web of Conferences, 105, 04034. https://doi.org/10.1051/e3sconf/201910504034
Pukala, R. (2019). Start-ups as one of the elements triggering the development of Industry 4.0. MATEC Web of Conferences, 297, 08002. https://doi.org/10.1051/matecconf/201929708002
Ramaswamy, S., Manyika, J., Pinkus, G., George, K., Law, J., Gambell T., & Serafino, A. (2017). Making it in America: Revitalizing US manufacturing. McKinsey Global Institute. https://www.mckinsey.com/global-themes/americas/making-it-in-america-revitalizing-us-manufacturing
Rifkin, J. (2014). The third industrial revolution: How lateral power is transforming energy, the economy, and the world. Alpina non-fiction. http://www.nonfiction.ru/sites/default/files/books/view/revolution_list.pdf
Ross, A. (2016). The industries of the future. Simon & Schuster.
Salihova, O. (2012). Vysokotekhnolohichne vyrobnytstvo: vid metodolohiyi otsinky do pidnesennya v Ukrayini / High-tech manufacturing: from valuation methodology to uplift in Ukraine. Kyiv, NAS of Ukraine.
Schwab, K. (2016). The Fourth Industrial Revolution. World Economic Forum.
Schwab, K. (2016). The Global Competitiveness Report 2016–2017. World Economic Forum. http://www3.weforum.org/docs/GCR2016-2017/05FullReport/TheGlobalCompetitivenessReport2016-2017_FINAL.pdf
Scientific and innovative activity of Ukraine. (n.d.). http://www.ukrstat.gov.ua/operativ/operativ2005/ni/ind_rik/ind_u/2002.html
Shanklin, W., & Ryans, J. (1984). Marketing high technology. Library of Congress Cataloging in Publication Data. D.C. Heath and Company.
United Nations. (2006). Standard International Trade Classification (SITC). Revision 4. (Series M No. 34/Rev. 4). Department of Economic and Social Affairs Statistics Division. https://unstats.un.org/unsd/publication/SeriesM/SeriesM_34rev4E.pdf
Stiglitz, J. (2012). Information and the change in the paradigm in economics. American Economic Review, 3, 480–501.
Sushchenko, O., & Trunina, I. (2016). Creation of innovation clusters as a line of enterprise competitiveness improvement in the field of foreign economic activity. Actual Problems of Economics, 177(3), 191–198.
UNIDO. (2014). The future of manufacturing: Driving capabilities, enabling investments. Global Agenda Council on the Future of Manufacturing. UNIDO. http://www3.weforum.org/docs/Media/GAC14/Future_of_Manufacturing_Driving_Capabilities.pdf
The World Bank. (n.d.a). Research and development expenditure (% of GDP). https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS?locations=UA&view=chart
The World Bank. (n.d.b). Research and development expenditure (% of GDP). https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS?locations=UA-AT-BE-GB-GR-DK-EE-IE-ES-IT-CY-LV-LTLU-MT-NL-DE-PL-PT-RO-SK-SI-HU-FI-FR-HR-CZ-SE-EU&name_desc=false
The World Bank. (n.d.c). High-technology exports (% of manufactured exports). http://data.worldbank.org/indicator/TX.VAL.TECH.MF.ZS/countries
The World Bank. (n.d.d). Research and development expenditure (% of GDP). http://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS
United Nations Commodity Trade Statistics Database. (n.d.). http://comtrade.un.org/db/mr/rfCommoditiesList.aspx?px=S4&cc=
Wilson Center. (2012). Emerging global trends in advanced manufacturing. Alexandria. https://www.wilsoncenter.org/sites/default/files/Emerging_Global_Trends_in_Advanced_Manufacturing.pdf
Yegorov, I., Odotyuk, I. & Salihova, O. (Eds.). (2016). Implementatsiya vysokykh tekhnolohiy v ekonomiku Ukrayiny [Implementation of high technologies in the economy of Ukraine]. NAS of Ukraine.