Scientific and practical journal
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Regional Economy
   



Journal Regional Economy -- re2024.03.106

Repository of Institute of Regional Research UDC 33:338; JEL F60, F52, E23, С12, С20
Sozanskyy, L. Y. (2024). Modelyuvannya vplyvu ekonomichnoyi hlobalizatsiyi na importozalezhnist' ta innovatsiynist' produktsiyi pererobnoyi promyslovosti [Modeling of import dependence and innovativeness of products of the processing industry under the influence of the growth of economic globalization]. Rehional'na ekonomika - Regional Economy, 113 (3), 106-116. DOI: https://doi.org/10.36818/1562-0905-2024-3-9 [in Ukrainian].
Sources: 17

Authors



Sozanskyy Lyubomyr Yosypovych

Doctor of Economics, Senior Researcher

Senior Researcher, Scientific Secretary of the unit of the Department of problems of the real sector of regions' economy of the Dolishniy Institute of Regional Research of NAS of Ukraine

Contacts: lubomir4370@gmail.com, ls.ird2@ukr.net

Webpages:

Resume

Various approaches to the impact of economic globalization and the socio-economic and industrial development of different countries are considered. The level and trends of economic globalization of different countries are analyzed. It was noted that according to the rating and value of the economic globalization index, small economies with a low level of economic self-sufficiency, focused on a narrow specialization in the export of goods or services, are actually the most open to the liberalization of foreign trade. In contrast, industrialized economies are mostly more closed to foreign trade liberalization. The author’s hypothesis is empirically substantiated that with the growth of economic globalization, the import dependence (the frequency of imports in costs) of manufacturing industries increases, but at the same time the innovativeness of their products decreases (the share of innovative products in the volume of industrial products sold). The proven hypothesis is a theoretical contribution to economic theory, scientific and educational literature, is a theoretical and applied basis for the expansion and deepening of existing approaches, theories, scientific researches that raise the problems of economic globalization and its socio-economic and industrial consequences. As a result of the conducted correlation analysis, a direct, high connection between the economic globalization index de facto and the import dependence of the vast majority of manufacturing industries in Poland, Germany, France and Italy has been proven. The high, inverse correlation between the de facto index of economic globalization and the innovativeness of the products of the majority of manufacturing industries in the studied countries is substantiated. Regression models were built, which quantitatively assessed the impact of the change in the economic globalization index (de facto) on the change in import dependence and innovativeness of the products of the processing industry of the studied countries. The change in import dependence and innovativeness of products of the processing industry was calculated with the growth of the economic globalization index, where in fact by 5 percentage points.

Keywords:

economic globalization, import dependence, product innovation, production, processing industry

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