Estimation of transport industry's economic sustainability as an element of strategic management: case of Poland and Ukraine
In: Problems & perspectives in management, Volume 18, Issue 2, p. 501-514
ISSN: 1810-5467
The transport sector's economic sustainability is an important factor in economic development, trade, quality, and safe transportation of goods and passengers, and regional and international integration. The tools of the transport sector's strategic management should be based on assessing its current economic stability. Applying statistical and regression analysis of Ukraine and Poland's transport sector, an approach to assessing the level of economic stability is formulated based on a system of integrated indicators of elementary, general, and specific stability. The integrated indicator of elementary economic stability considers the dynamics of the number of economic entities in the industry and their profitability. In Ukraine in 2018, this figure is –0.042, in Poland – 3.37. The integrated indicator of overall economic stability considers the number of employees in the industry, the gross domestic product created by enterprises in the industry, and the number of enterprises. In Ukraine, it is equal to –0.049, in Poland – 3.71. The integrated indicator of the transport sector's specific economic stability takes into account the volume of passengers, freight, and cargo handling, and in Ukraine, it is –0.040, in Poland – 3.38.