Mykhailo LUCHKO
Doctor of Economic Sciences, professor;Ternopil National Economic University, Ukraine
m_luchko@ukr.net
(Corresponding author)
Stanisław SZMITKA
Associate professor of University in Olsztyn, Poland
pbdmorag@interia.pl
Yuriy PYNDA
Associate professor of Lviv University of Business and Law, Ukraine
yuriy_p1@ukr.net
Lyudmyla KUTS
Associate professor of Ternopil National Economic University, Ukraine
epik3403@tneu.edu.ua
Abstract
The aim of the article is to establish the impact of construction sector enterprises on the economy. Using dynamic cross-sectional balance regression, it is determined that gross domestic product, the level of budget revenue, volume of capital investment, the level of employment, the coefficient of coverage of imports by exports and volume of innovative realized products depend on the development of the of enterprises in the construction sector. The model of social and economic participation of the construction sector in the economic system of the country is developed, which on the basis of dynamic cross-sectional balance regression allows to determine ranges of values of influence of the main indicators of functioning of the enterprises of the construction sector on the gross domestic product; the level of budget revenues; volume of capital investments; employment rate; coefficient of coverage of imports by exports.
Keywords: enterprises of construction sector, construction, impact, economy, development, dynamic cross-sectional balance regression.
JEL classification: L74, C61, D60, E23