Research Article Open Access

Macroeconomic Variables Analysis in Ukraine: An Empirical Approach with Cointegration Method

Nikolaos Dritsakis1 and Katerina Gialetaki1
  • 1 ,
American Journal of Applied Sciences
Volume 2 No. 4, 2005, 836-842

DOI: https://doi.org/10.3844/ajassp.2005.836.842

Published On: 30 April 2005

How to Cite: Dritsakis, N. & Gialetaki, K. (2005). Macroeconomic Variables Analysis in Ukraine: An Empirical Approach with Cointegration Method. American Journal of Applied Sciences, 2(4), 836-842. https://doi.org/10.3844/ajassp.2005.836.842

Abstract

This study investigates the relationship among exports, economic growth, investments and employment in a former country of the Soviet Union such as Ukraine. The purpose of this study was to examine the long-run relationship between these variables using quarterly data for the period 1991:I-2000:IV and applying the cointegration analysis as suggested by Johansen and Juselious. Then a multivariate autoregressive vector model (VAR) is used to estimate the short-run and the long-run relationships of variations of this model. The results suggested that export growth in combination with the increase of investments and employment have a positive effect on Ukraine’s economic growth.

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Keywords

  • Macroeconomic Variables
  • Cointegration
  • Ukraine