ECONOMIC MANAGEMENT: THEORY AND PRACTICE
УДК 330.5.057.7:338.012
JEL: E270, E220
NYKYFORUK Olena1, STASIUK Olha2, FEDIAI Natalia3
1Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/
OrcID ID : https://orcid.org/https://orcid.org/0000-0001-7376-3373
2Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/ Y-4546-2019
OrcID ID : https://orcid.org/https://orcid.org/0000-0002-4701-5598
3Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/ Y-4545-2019
OrcID ID : https://orcid.org/https://orcid.org/0000-0002-6529-1078
SOCIO-ECONOMIC MULTIPLIER EFFECTS FROM THE IMPLEMENTATION OF LARGE INFRASTRUCTURE PROJECTS FOR UKRAINIAN ECONOMY
The determination of the socio-economic priorities of the state's development should be based on objective and accurate conclusions regarding the current state of the country's socio-economic development, which are confirmed by actual calculations aimed at the determination of the socio-economic multiplier effects for the national economy from the implementation of large infrastructure projects.
Proposed methodical approach is based on the determination of effects from the implementation of infrastructure project through the calculation of employment multiplier and multiplier effects from additional increase in output using a comprehensive analysis of inter-industry relations, as well as the identification of the scope of infrastructure project's impact, which extends to other types of economic activity directly involved therein. The approach allows to calculate the following multiplier effects: 1) job creation in the economy as a whole per UAH 1 million investment in the project; 2) job creation in the national economy as a whole per UAH 1 million increase in the output generated by the project; 3) creation of additional financial resources in the economy per one employee involved in the project.
Approbation of the approach consists in the actual calculations made on the basis of design data for specific infrastructure project in the field of long-term construction of electric power enterprises facilities. The results of the methodical approach approbation show significant socio-economic multiplier effects for the economy of Ukraine. For example, during the 10-year construction period of aforementioned infrastructure object, in addition to direct employment in the project itself, 22,000 workers were temporarily employed in the economy of Ukraine, involved indirectly in related sectors of economy that serviced the project.
Keywords:socio-economic multiplier effects; infrastructure project; employment; job creation; the expenditure-output table; type of economic activity; output; capital investments.
| Article original in Ukrainian (pp. 23 - 34) | Download | Downloads :175 |
The article was received by the Editorial staff on February 28 , 2023
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