MODERN SOCIO-DEMOGRAPHIC TRENDS AFFECTING THE BUSINESS SECTOR OF THE ECONOMIES OF LATVIA AND UKRAINE

Authors

  • Iveta Mietule Rezekne Academy of Technologies
  • Iryna Maksymova Kryvyi Rih Economic Institute SHEE “Kyiv National Economic University named after Vadym Hetman”
  • Kateryna Holikova Kryvyi Rih Economic Institute SHEE “Kyiv National Economic University named after Vadym Hetman”

DOI:

https://doi.org/10.17770/sie2018vol1.3254

Keywords:

cluster analysis, demographic problems, European Union, economic development, Latvia, modelling, national economy, population, trends

Abstract

The paper analyses and describes key social and demographic trends affecting the business in current conditions. The present research aims to establish logical coherence and feedback between economic development and basic socio-demographic indicators in European countries, including the experience of Latvia and Ukraine. The challenge of the research leads to answering the question how demographic processes affect and drive the economy and how this mechanism could be used to predict essential trends of future development. The methodology of cluster analysis, statistical and regression methods were employed for modelling. Cluster analysis was applied to depict an economic cartogram and merge some European countries in particular clusters by current socio-demographic and economic criteria. As a result, this approach allowed us to compare Latvia and Ukraine as highlighting representatives of different economic clusters and distinguish important similarities and differences. Statistical data were based on the following indicators: GDP, income, employment, age structure, gender, population aging, location, migration etc. These parameters were analysed due to their dynamic change. Regression methods allowed to establish the whole system of indicators affecting the business environment in Latvia and Ukraine. For instance, the results confirmed the explicit impact of migration trends on business and social development.

Downloads

Download data is not yet available.

Author Biographies

  • Iryna Maksymova, Kryvyi Rih Economic Institute SHEE “Kyiv National Economic University named after Vadym Hetman”
    Economics and entrepreneurship department, Ph.D, deputy dean of the Faculty of Accounting, Finance and Information Technology
  • Kateryna Holikova, Kryvyi Rih Economic Institute SHEE “Kyiv National Economic University named after Vadym Hetman”
    Economics and entrepreneurship department

References

Bonoli, G., Sarfati, H. (2017) Labour Market and Social Protection Reforms in International Perspective: Parallel Or Converging Tracks? Routledge, Taylor & Francis

Coale, A. (2015) Growth and Structure of Human Populations: A Mathematical Investigation. Princeton University Press

Lutz, W., Butz, P., Samir, K. (2014) World Population and Human Capital in the Twenty-First Century. UK: Oxford university press

Maier, M., Gawrycka, M. (2017) Impact of Demographic Changes onto National Economy Development. Current Challenges for the EU Development Policy, 72, 45-54

McAuliffe, M., Ruhs, M. (2017) World Migration Report 2017. IOM, The UN migration agency

O’Rand, A.M., Bostic, A. (2016) Lags and Leaps: The Dynamics of Demography, Economy and Policy and Their Implications for Life Course Research. In: Shanahan M., Mortimer J., Kirkpatrick Johnson M. (eds) Handbook of the Life Course. Handbooks of Sociology and Social Research. Springer, Cham

Pavuk, O. (2014) Retirement economy within the context of problems of demography and the labour market in the Baltic States. Economic Science for Rural Development, 36, 110-117

Rodriguez Bolívar, M.P., Lopez Subires, M.D., Navarro Galera, A. (2017) The EU’s Concern About the Influence of Demographic Factors on Financial Sustainability. In: Rodriguez Bolivar M. (eds) Financial Sustainability in Public Administration. Palgrave Macmillan, Cham

Sarstedt, M., Mooi, E. (2014) Cluster Analysis. In: A Concise Guide to Market Research. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg

Shin, S., Choi, K. (2015) Population aging, economic growth, and the social transmission of human capital: An analysis with an overlapping generations model. Economic Modelling, 50, 138-147

United Nations, Department of Economic and Social Affairs, Population Division (2017). World Population Prospects: The 2017 Revision, Key Findings and Advance Tables. Working Paper No. ESA/P/WP/248.

Downloads

Published

2018-05-25

How to Cite

Mietule, I., Maksymova, I., & Holikova, K. (2018). MODERN SOCIO-DEMOGRAPHIC TRENDS AFFECTING THE BUSINESS SECTOR OF THE ECONOMIES OF LATVIA AND UKRAINE. SOCIETY. INTEGRATION. EDUCATION. Proceedings of the International Scientific Conference, 6, 353-365. https://doi.org/10.17770/sie2018vol1.3254