Abstract
AbstractThe dependences between GDP and investment are known as a multiplier which is widely used in macroeconomic theories. However, there may be interdependence between these variables. To confirm this hypothesis, based on statistical data on Ukraine for 2002–2019, a simultaneous model was built, which consists of three equations and describes the interdependence between GDP, capital investment in equipment and capital investment in intangible assets, as well as other factor variables such as volume of sold industrial products, foreign direct investment, expenditures on innovation and research, exports and employment. The model is adequate, all parameters are statistically significant. The results of the modelling can be used to make effective management decisions, in particular, on investment in tangible and intangible assets, as well as to forecast GDP and capital investment in future periods. KeywordsEconomic growthCapital investmentSimultaneous modelInnovationGDP
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