Yarema Kateryna, Bezsmertna Yuliia

Solow economy model

The subject of the research is the approach to the possibility of using the Solowmodel to perform the regression analysis on the example of the Ukrainian economymodel. The purpose of writing this article is to investigate the notion of regression analysis, Solow’s economy model, algorithm for performing regression analysis on the example of Ukraine’s economy model. This model can be adapted for theeconomy of enterprises. Methodology. The research methodology is system-structural and comparative analyzes (to study the structure of GDP); monograph (whenstudying methods of regression analysis on the example of the Ukrainian economy);economic analysis (when assessing the impact of factors on Ukraine’s GDP). Thescientific novelty consists the features of the use of the Solow model on the example of Ukrainian economy are determined. An algorithm for calculating thebasic parameters of a model using the Excel application package is disclosed. Themain recommendations on the development of the national economy and economicgrowth through the use of macroeconomic instruments are given. Conclusions. Theuse of the Solow model enables forecasting and analysis. The results obtained revealed the problem of low resource return of capital as a resource, along with themeans of macroeconomic regulation of the investment process, using which canimprove the situation. A special place in these funds belongs to the accelerateddepreciation and interest rate policies.

Keywords: economics Modeling, Solow model, regression analysis, gross domestic product, consumption, investment, equity, per capita income

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