EXPERT ANALYSIS AND IMPACT ASSESSMENT OF THE CONSTRUCTION SECTOR ENTERPRISES ON THE ECONOMY: THE EXPERIENCE OF UKRAINE

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

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