Econometric Model of the Effect of Macro-Fiscal Instruments on Economic Conjuncture in Ukraine

摘要

For analysis, the Cobb-Douglas Production Function was used, which determined the impact of fiscal instruments (tax revenues, Consolidated Budget expenditures, State Debt) on gross domestic product. It is substantiated that in Ukraine it is expedient to use an anti cyclical, socially-oriented model of fiscal policy that has a positive impact on economic development and GDP growth.