Econometric Analysis of Sustainable National Economy Development

Abstract

Results. Based on the analysis of the dynamics of GDP growth rates, sulfur dioxide, nitrogen dioxide, oxide and carbon dioxide emissions during 1991-2017, the cycle of their change lasting 3 - 5 years has been proved. It has been found out that the Environmental Kuznets Curve (EKC) in Ukraine is a specific one due to the "turning points". According to the results of comparing the cyclicality of per capita income growth rates, GDP indexes with the dynamics of dependence between the hazardous substances emissions and per capita income and GDP in actual prices, it is found that they do not always coincide. It gives grounds to make a conclusion about the presence of lag between the emissions volumes changes and values of per capita income and GDP in actual prices. 

Conclusions.  The feasibility of developing the agreed policy concerning the economic (GDP value), social (population income level) and environmental components (conservation activity financing and decrease of hazardous substances emissions) taking into account the time lag, which will create the conditions for achieving not only temporary values, but also long-term parameters of EKC curve in the Ukrainian economy, was substantiated. The obtained results allow to forecast sustainable development parameters of Ukraine for the future.