RESILIENCE INDICATORS FOR MEASURING SUSTAINABLE ECONOMIC DEVELOPMENT

Year 2017, Volume: 4 Issue: 2, 35 - 48, 30.04.2017

Sergii Burlutski Svetlana Burlutski Victoriya Margasova

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 (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 (commodity X) and consumption
goods (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

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