Exogenous and endogenous factors of structural transformations in national economy

Abstract

The economies of developing countries, including Ukraine, are characterized by high volatility of macroeconomic indicators, which leads to high economic potential with low resistance to crisis shocks, both internal and external. Factors of structural changes in the national economy have not only endogenous and exogenous manifestations, but also multiplicative and accelerating effects. Moreover, these effects can be both positive and negative for the economy as a whole or for its individual components, especially in the environment of intense cyclical fluctuations. The purpose of the research. Identification and systematization of endogenous and exogenous factors influencing the intensity and nature of structural changes in the national economy. Methods. The study uses the systems approach that involves the use of methods of analysis, synthesis, classification, systematization, which allows to clarify and distinguish the structure and nature of exogenous and endogenous factors of transformation of the national economy, the formation of innovation-based development model and its impact on structural transformation in Ukraine. Results. Models of the analysis of factors’ impact upon the structure of national economy, associated with multiplicative and accelerating effects, are investigated. The matrix of factors of the structural transformations in the national economy is identified and systematized that will allow to perform the complex analysis of influence of these factors. Practical meaning. Macroeconomic effects that occur as a result of influence of endogenous and exogenous factors on socio-economic development of the national economy are justified. Prospects for further research. Formation of development institutions, civil society, innovation infrastructure will not only intensify innovation processes, but also optimize the impact of economic and non-economic factors upon building of an effective model of sustainable development of the national economy, where the innovation-oriented structural policy should be the major regulatory tool.