A macrostructural institutional scoretable of Ukrainian economy

Abstract

The article presents the results of a monitoring of the key parameters of the institutional sectors in Ukraine's economy, united by the author in a macrostructural institutional scoreboard (MIS). The monitoring starts with fixing the changes: in the deficit/surplus of each of the institutional sectors, in external debt for each sector and economy as a whole, sectoral distribution of gross disposable income, gross savings and gross fixed capital accumulation, which allows assessing the fundamental structural changes at the level of economic sectors and the safety of GDI levels of each of them, taking into account the basic preconditions for GDP growth. In addition, the scoretable represents indicators of the GDI components for each institutional sector that reveal the factors behind the increase/decrease of the share of sectors' GDI in total GDI, which allows determining the political factor that has caused the corresponding macro-structural changes and assessing the nature of their impact. The monitoring also uses important indicators to identify price effects on the reallocation of income between sectors, such as consumer price index, basic consumer price index, some of their components, price terms of trade, lending to institutional sectors, etc. Consequently, it covers both macroeconomic structures, and developments in individual institutional sectors and in the economy as a whole, which can signal the danger of crisis events.