YANKOVYI OLEKSANDR, YANKOVYI VOLODYMYR
– Capital(labor ratio in Ukraine’s machine building: reality and optimality
OLEKSANDR YANKOVYI, Professor, Doctor of Econ. Sci., Head of the Department of Economics of Enterprise and Entrepreneurship, VOLODYMYR YANKOVYI, Cand. of Econ. Sci., Associate Professor of the Department of Economics, Law and Business Management Odesa National Economic University, 8, Preobrazhenska St., Odesa, 65082, Ukraine
The dynamics of indicators of labor productivity, capital productivity and capital(labor ratio in the field of Ukraine’s machine building in recent years is considered. The non(optimality of capital(labor ratio in 2007–2015 is proved, taking into account volumes of sales of machine( building products. The procedure for determining the optimal capital stock on the basis of production functions with its approbation using data of machine(building industry of Ukraine is theoretically substantiated. Keywords: machine building; capital(labor ratio; production function; equimarginal principle; factors’ substitution. References 14; Figures 3; Tables 2; Formulas 22.