Empiric Assessment of Secondary Effects of Influence of the UAH Exchange Rate Upon Indicators of the Labour Market of Ukraine
Journal Title: Бізнес Інформ - Year 2013, Vol 4, Issue 0
Abstract
The article specifies main channels of influence of changes of the national currency exchange rate upon indicators of activity of companies. The primary effects are: prices of imported goods, costs of imported factors of productions, costs of servicing of debts nominated in foreign currency. The article describes secondary effects that manifest themselves in dynamics of indicators of the labour market and are connected with changes of indicators of company activity during adaptation to action of primary effects. It provides results of empirical check of hypothesis of availability of secondary effects of changes of UAH exchange rate and also analysis of specific features of their manifestation in Ukraine. It provides results of econometric assessment of influence of changes of real effective UAH rate (calculated by the "import basket") upon dynamics of indicators of wages, employment and profitability of different types of economic activity of the industry.
Authors and Affiliations
Svetlana Shumskaya
Keywords
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