• Inna SHOVKUN PhD in Economics, Leading Researcher, Institute for Economics and Forecasting of the National Academy of Sciences of Ukraine



Deep structural shifts have been the leading feature of the modern world. The study considers the parameters and causes of structural change in the Ukrainian economy, as well as the relationship between structural change on the one hand, and labor productivity and economic growth on the other. The study shows that the accelerated reduction of the industrial sector, its technological simplification and narrowing the variety of industries were the key features of the structural changes model that occurred in Ukraine's economy after the global financial crisis. This was accompanied by increased dominance of the tertiary sector and the growth of the primary sector. Such a trend of structural shifts is not able to generate the necessary boost of economic growth.

Comparison of parameters and trends of structural changes in Ukraine’s economy and in a comparable group of countries and the world as a whole shows that the changes in the structure of Ukraine’s economy were more intensive, but did not create sufficient potential for sustainable economic growth. The author analyzes the gaps in labor productivity between economic activities and sectors of Ukraine’s economy, as well as changes in their dynamics, which leads to the conclusions about the relationship between the rates of technological development of different sectors of Ukraine’s economy and the gradual slowdown of the already imperfect technological development of this country’s industry. Using the apparatus of econometric modeling, the author evaluates the dependence of the dynamics of GDP growth on the change of the indices of GVA in the sectors of this country’s economy.


Download data is not yet available.


Bekkers, E., Koopman, R. B., & Rêgo, C. L. (2021). Structural change in the Chinese economy and changing trade relations with the world. China Economic Review, 65, 101573.

Diao, X., McMillan, M., & Rodrik, D. (2017). The recent growth boom in developing economies: A structural-change perspective. 62.

IDR2020 (Industrial Development Report 2020 ID/449). (2019).

Kindzerski Yuri. (2021). Ukrainian economy facing the challenges of deindustrialization. In Concepts, strategies and mechanisms of economic systems management in the context of modern world challenges. Zenodo.

Kuznets, S. (1973). Modern Economic Growth: Findings and Reflections. The American Economic Review, 63(3), 247–258.

Mijiyawa, A. G., & Conde, L. (2020). Structural Change and Productivity Growth in Guinea [Working Paper]. World Bank.

Ostaško, T. O. (2019). Strukturni zminy u svitovij torhivli jak čynnyk rozvytku vnutrišnʹoho rynku Ukraïny: Kolektyvna monohrafija (Instytut Ekonomiky ta Prohnozuvannja, Ed.). DU ‘Instytut ekonomiky ta prohnozuvannja NAN Ukrainy’.

Saccone, D., & Valli, V. (2009). Structural Change and Economic Development in China and India. SSRN Electronic Journal.

Shovkun, I. (2019a). Industrial development in decentralized conditions: Experience of leading industrial countries and conclusions for Ukraine. Ekonomìka ì Prognozuvannâ, 2018(4), 38–64.

Shovkun, I. (2019b). Investment climate as a factor of industrial development in Ukraine. Ekonomìka ì Prognozuvannâ, 2019(4), 70–103.

Shovkun, I. (2020). Dependence of Ukrainian economy on industrial import and prerequisites of forming effective industrial specialization. Economy of Industry, 3(91), 5–28.

Zymovets, V., Sheludko, N., & Shyshkov, S. (2021). Macroeconomic and institutional barriers of “normalization” of an enterprise’s financing models in Ukraine. Economy of Industry, 2(94), 45–58.

Бобух, І. М., Кіндзерський, Ю. В., Фащевська, О. М., Снігова, О. Ю., Щегель, С. М., & Тищук Т.А. (2020). Структурні зміни як основа інкл юзивного розвитку економіки України. Київ :

Єгоров, І. Ю., Бажал, Ю. М., Хаустов, В. К., & Черненко, С. М. (2020). Формування «розумної спеціалізації» в економіці України: Колективна монографія. Київ.

Зимовець, В. В., Даниленко, А. І., Терещенко, О. О., Іванов, Ю. Б., Корнилюк, А. В., Єршова, Г. В., Кошик, О. М., Гаркавенко, В. І., Брус, С. І., & Федоренко, А. В. (2019). Розвиток фінансів підприємств корпоративного сектора економіки україни (p. 62).

Кораблін, С. О. (2017). Макроекономічна динаміка України: Пастка сировинних ринків - Сергій Кораблін - Тека авторів. Київ.

Сіденко, В. (2017). Структурні трансформації у світовій економіці: Виклики для україни (p. 186) [Аналітична доповідь].


Abstract views: 90



How to Cite

SHOVKUN, I. (2021). STRUCTURAL CHANGE AND ECONOMIC GROWTH IN UKRAINE. Economy and Sociology, (2), 58–69.