DYNAMICS AND METHODOLOGICAL ASPECTS OF ECONOMIC TRANSFORMATION

Abstract

Emphasis is placed on the dynamics and methodological aspects of economic transformation. It is noted that consideration of the dynamic theory in economics continued in science for several centuries, and this issue remains relevant. The concept of "transformation" together with its content and essence has been studied. The study was conducted using a comparative method in order to define categories of "statics" and "dynamics". The difference between these terms was established by constructing a comparative table. The content and nature of dynamic theory as an integral component of the transformation process is considered. The relationship and interdependence between dynamic theory and economic transformation are defined. The results of the study proved the influence of time series on the relevance of the study of the causes of economic growth. It is emphasized that the analysis of macroeconomic indicators has significant importance, taking into account the influence of time series in terms of economic transformation. A conclusion is drawn regarding the presence of interdependence between the type of economic dynamics and the type of structural shifts which occur during the process of post-socialist transformation. In Ukraine, these structural shifts took the form of bifurcation points, which meant a turning point and a new round of development. The nature of bifurcation points in terms of post-socialist transformation is considered in detail. Thanks to the dynamic theory, bifurcation points that have developed in terms of the post-socialist transformation in Ukraine have been determined. Conclusions are made regarding the current situation of the socio-economic system of Ukraine in the context of post-socialist transformation.

Keywords

• economic transformation
• dynamic theory
• structural shifts
• GDP
• bifurcation points
• time series