Modernization of the Format of Ukraine’s Trade Integration With the EU in the Conditions of Implementation of the DCFTA
Purpose: The purpose is to define the efficiency and priorities of modernization of Ukraine’s trade integration with the EU countries in the implementation of DCFTA and to attempt to assess the indirect effects of the free trade agreement between countries. Design/methodology/approach: To this en...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
2021-01-01
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| Series: | Problemy Zarządzania |
| Subjects: | |
| Online Access: | https://pz.wz.uw.edu.pl/resources/html/article/details?id=215869 |
| _version_ | 1818021491051069440 |
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| author | Olha Yatsenko Nataliia Reznikova Nataliia Karasova Tetiana Musiiets Olena Lavrinenko Vitalii Nitsenko |
| author_facet | Olha Yatsenko Nataliia Reznikova Nataliia Karasova Tetiana Musiiets Olena Lavrinenko Vitalii Nitsenko |
| author_sort | Olha Yatsenko |
| collection | DOAJ |
| description | Purpose: The purpose is to define the efficiency and priorities of modernization of Ukraine’s trade
integration with the EU countries in the implementation of DCFTA and to attempt to assess the indirect
effects of the free trade agreement between countries.
Design/methodology/approach: To this end, a comparative analysis was carried out to assess the
effectiveness of the Association Agreement and to identify the asymmetry of trade and economic integration between Ukraine and the EU. The correlation regression method was used to determine the dependence
of Ukraine’s exports to the EU countries on GDP changes and to identify the integration impacts on
economic growth. In turn, the extrapolation method was employed to calculate forecasts for the economic
growth rate and GDP per capita.
Findings: Determining the effectiveness and priorities of modernization of the trade integration format
of Ukraine-EU in the implementation of the DCFTA, as well as evaluation of the intermediate results
of the FTA between the countries. At present, it is necessary to modernize the format of Ukraine’s
trade integration with the EU in the context of the implementation of the DCFTA. Three main vectors
for updating the Agreement have been identified as priorities: deepening sectoral integration; increasing
duty-free export to the EU market; eliminating non-tariff measures restricting trade with the EU along
with signing a number of agreements for the above-mentioned purpose.
Research limitations/implications: The results of the study will be useful to researchers of relevant
issues, students, graduate students, doctoral students and teachers specializing in international relations
and other academic disciplines, and the developed initiatives can be used by the government to form
a new negotiating position on the Association Agreement between Ukraine and the EU.
Originality/value: Forecasting and modeling the Ukraine-EU foreign trade turnover based on the use
of the gravity model and correlation-regression analysis confirms that the introduction of the DCFTA in
2016–2017 allowed Ukraine to increase exports to the EU and modernization of the trade part of the
agreement will positively affect the economic and social development of Ukraine. In this context, it is
necessary to take into account the national interests and trade partners, in particular the possibility of
Ukraine’s support for the EU initiative “European Green Deal” on the path to the formation of Europe
as a carbon-neutral continent. |
| first_indexed | 2024-04-14T08:18:45Z |
| format | Article |
| id | doaj.art-d93b8865e7914400811567e42e4001d4 |
| institution | Directory Open Access Journal |
| issn | 1644-9584 2300-8792 |
| language | English |
| last_indexed | 2024-04-14T08:18:45Z |
| publishDate | 2021-01-01 |
| publisher | Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego |
| record_format | Article |
| series | Problemy Zarządzania |
| spelling | doaj.art-d93b8865e7914400811567e42e4001d42022-12-22T02:04:18ZengWydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu WarszawskiegoProblemy Zarządzania1644-95842300-87922021-01-01184(90)101124https://doi.org/10.7172/1644-9584.90.6Modernization of the Format of Ukraine’s Trade Integration With the EU in the Conditions of Implementation of the DCFTAOlha Yatsenko0https://orcid.org/0000-0003-4399-2217Nataliia Reznikova1https://orcid.org/0000-0003-2570-869XNataliia Karasova2https://orcid.org/0000-0002-8471-3870Tetiana Musiiets3https://orcid.org/0000-0003-4291-5543Olena Lavrinenko4https://orcid.org/0000-0002-5271-2048Vitalii Nitsenko5https://orcid.org/0000-0002-2185-0341Kyiv National Economic University Named After Vadym HetmanInstitute of International Relations Taras Shevchenko National University of KyivKyiv National University of Culture and ArtsKyiv National Economic University Named After Vadym HetmanKyiv National Economic University Named After Vadym HetmanSCIRE Foundation, 00867 Warsaw, Poland; Odessa National Maritime University, OdessaPurpose: The purpose is to define the efficiency and priorities of modernization of Ukraine’s trade integration with the EU countries in the implementation of DCFTA and to attempt to assess the indirect effects of the free trade agreement between countries. Design/methodology/approach: To this end, a comparative analysis was carried out to assess the effectiveness of the Association Agreement and to identify the asymmetry of trade and economic integration between Ukraine and the EU. The correlation regression method was used to determine the dependence of Ukraine’s exports to the EU countries on GDP changes and to identify the integration impacts on economic growth. In turn, the extrapolation method was employed to calculate forecasts for the economic growth rate and GDP per capita. Findings: Determining the effectiveness and priorities of modernization of the trade integration format of Ukraine-EU in the implementation of the DCFTA, as well as evaluation of the intermediate results of the FTA between the countries. At present, it is necessary to modernize the format of Ukraine’s trade integration with the EU in the context of the implementation of the DCFTA. Three main vectors for updating the Agreement have been identified as priorities: deepening sectoral integration; increasing duty-free export to the EU market; eliminating non-tariff measures restricting trade with the EU along with signing a number of agreements for the above-mentioned purpose. Research limitations/implications: The results of the study will be useful to researchers of relevant issues, students, graduate students, doctoral students and teachers specializing in international relations and other academic disciplines, and the developed initiatives can be used by the government to form a new negotiating position on the Association Agreement between Ukraine and the EU. Originality/value: Forecasting and modeling the Ukraine-EU foreign trade turnover based on the use of the gravity model and correlation-regression analysis confirms that the introduction of the DCFTA in 2016–2017 allowed Ukraine to increase exports to the EU and modernization of the trade part of the agreement will positively affect the economic and social development of Ukraine. In this context, it is necessary to take into account the national interests and trade partners, in particular the possibility of Ukraine’s support for the EU initiative “European Green Deal” on the path to the formation of Europe as a carbon-neutral continent.https://pz.wz.uw.edu.pl/resources/html/article/details?id=215869international tradetrade agreementsdevelopment programsmarketing strategiesexpert-oriented model |
| spellingShingle | Olha Yatsenko Nataliia Reznikova Nataliia Karasova Tetiana Musiiets Olena Lavrinenko Vitalii Nitsenko Modernization of the Format of Ukraine’s Trade Integration With the EU in the Conditions of Implementation of the DCFTA Problemy Zarządzania international trade trade agreements development programs marketing strategies expert-oriented model |
| title | Modernization of the Format of Ukraine’s Trade Integration With the EU in the Conditions of Implementation of the DCFTA |
| title_full | Modernization of the Format of Ukraine’s Trade Integration With the EU in the Conditions of Implementation of the DCFTA |
| title_fullStr | Modernization of the Format of Ukraine’s Trade Integration With the EU in the Conditions of Implementation of the DCFTA |
| title_full_unstemmed | Modernization of the Format of Ukraine’s Trade Integration With the EU in the Conditions of Implementation of the DCFTA |
| title_short | Modernization of the Format of Ukraine’s Trade Integration With the EU in the Conditions of Implementation of the DCFTA |
| title_sort | modernization of the format of ukraine s trade integration with the eu in the conditions of implementation of the dcfta |
| topic | international trade trade agreements development programs marketing strategies expert-oriented model |
| url | https://pz.wz.uw.edu.pl/resources/html/article/details?id=215869 |
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