RESILIENCE INDICATORS FOR MEASURING SUSTAINABLE ECONOMIC DEVELOPMENT

Authors : Sergii Burlutski, Svetlana Burlutski, Victoriya Margasova

Pages : 35-48

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Publication Date : 2017-04-30

Article Type : Research Paper

Abstract :The aim of this paper is to address to research the consistent patterns of the sustainable development of socio-economic systems. Theoretical explanation of this hypothesis has empirical verification by means of the research of the socio-economic system behavior of Ukraine. The analysis results of the systems of differential equations insert ignore into journalissuearticles values(the analogue the Lotka–Volterra equations); and the transformation of the phase space in the temporal mode for individual products indicate the possibility of existence of periodic fluctuations of output, means of production insert ignore into journalissuearticles values(commodity X); and consumption goods insert ignore into journalissuearticles values(commodity Y);. The paper proposes to identify the resilience indicators for measuring sustainable economic development. Methodical recommendations on forecasting of changes trends in the `ecological` concept of resilience are tested focusing on depending on the level of the index postshock recovery
Keywords : sustainable development, gross capital formation, final consumption, periodic fluctuations of output, resilience indicators, elasticity determinants