Ukraine'S Exports in the Light of Economic Indicators and Regression Analysis

Abstract

The article offers an analysis of Ukraine's export activity and innovation costs in the period 2004-2021. The authors analysed correlations between the level of exports and key social indicators, such as the level of employment, average wages and the unemployment rate. They also analysed the relationship between Ukraine's foreign trade and development trends of international markets and found a strong positive correlation between the level of Ukraine's iron ore exports and the level of world prices for these products. The method of fuzzy logic was used to determine factors that could help Ukraine to achieving the maximum level of export activity. Foreign direct investments were found to have the biggest impact on the level of exports while innovation spending turned out to be the least influential factor. The results of the study indicate that qualitative structural transformations of Ukrainian exports cannot be achieved without effective investment and innovation mechanisms.(original abstract)