Digital technologies in the system of state economic security management Liliia Kryvonos, Sergii Logvynenko, Oleksandr Zhurba, Ihor Kukin, Yuriy Pynda Periodicals of Engineering and Natural Sciences, 2026 This study investigates how digital technologies can strengthen Ukraine’s system of economic security management under conditions of war, reconstruction, and escalating cyber threats. The research applies systems analysis, strengths–weaknesses–opportunities–threats analysis, comparative benchmarking with Estonia, Lithuania, and Poland, and an evidence-informed modeling framework. An Economic Security Digitalization Index is constructed from the United Nations E-Government Development Index and the Network Readiness Index, and seven candidate technologies are evaluated: a Government Security Operations Center with Security Information and Event Management and Security Orchestration, Automation, and Response; Zero-Trust architecture; endpoint detection and response with extended detection and response; threat-intelligence sharing via a Malware Information Sharing Platform; expansion of public key infrastructure and electronic identification; secure data-exchange layers; and artificial intelligence–assisted phishing defense. The results show a near-doubling of cyber incidents between 2023 and 2024, place Ukraine below Baltic peers in digital trust readiness, and identify a top three technology bundle: artificial intelligence phishing defense, threat-intelligence federation, and endpoint detection and response capable of avoiding 305 to 685 million United States dollars in cumulative losses by 2029. The study concludes with a phased roadmap recommending a national Government Security Operations Center, adoption of Zero-Trust standards, and development of sectoral incident response teams to align with European Union requirements.
The impact of technological change on the transformation of global and local markets in countries with economies in transition Larysa Tiesheva, Oleksandr Zhurba, Yuriy Pynda, Lyubomyr Sopilnyk, Serhii Lopatka Periodicals of Engineering and Natural Sciences, 2025 This systematic review analyzes the impact of technological change on market transformation in transition economies, focusing on Ukraine through a synthesis of 85 studies (2010–2025). Guided by PRISMA methodology, the study integrates econometric modeling, sectoral trends, and regional disparities to reveal asymmetric technological adoption. Key findings indicate digital finance and agriculture lead with 45% and 30% adoption rates, contributing 1.8% and 1.2% to GDP, respectively, while manufacturing lags at 8% adoption due to institutional and infrastructural gaps. Econometric results demonstrate that a 1% rise in technological adoption drives 0.58% GDP growth, escalating to 0.76% in high-governance regions like Lviv, where blockchain reduced land fraud by 40%, a novel quantification of governance-technology synergy. Conversely, conflict-affected Donetsk saw -1.5% GDP growth despite partial tech adoption, underscoring governance’s critical moderating role, a previously underexplored factor in transitional contexts. Rural-urban divides persist, with 60% of villages lacking 4G coverage and only 12% of workers trained in AI. The study highlights Ukraine’s dual role as a tech innovator and a cautionary tale of geopolitical and institutional constraints, offering a first-of-its-kind synthesis of crisis-driven innovation and spatial inequities. Practical recommendations include streamlining regulations, investing $500 million in rural broadband, and reskilling 100,000 workers by 2025. By validating endogenous growth theory’s emphasis on localized ecosystems and Schumpeterian disruption, this study pioneers a policy framework tailored to transitional economies, bridging theoretical rigor with actionable metrics for equitable growth.
The effectiveness of implementing innovations in small and medium-sized businesses as a tool for economic Tetyana Furman, Svitlana Breus, Oleksandr Zhurba, Oleh Khoroshko, Alla Chukhlib Heritage and Sustainable Development, 2025 This study empirically examines the impact of innovation adoption on economic growth among small and medium-sized enterprises (SMEs) in Ukraine, with a primary focus on revenue expansion as the key outcome. Utilizing a stratified sample of 200 SMEs across diverse industries and regions, the analysis integrates multiple measures of innovation, including R&D intensity, technological adoption, and organizational innovation within a rigorous econometric framework. Ordinary least squares (OLS), robust regression, fixed effects panel, and dynamic system-GMM models are employed to address endogeneity, unobserved heterogeneity, and growth persistence. Findings reveal that increased investment in R&D and higher levels of technology adoption significantly enhance the revenue growth of SMEs. Organizational innovation also makes a positive contribution, with amplified effects in the IT sector and among firms located in Kyiv and Eastern oblasts, illustrating sectoral and regional heterogeneity in innovation returns. Dynamic panel results further demonstrate persistent growth effects, indicating cumulative advantages for innovative SMEs. Diagnostic tests affirm model robustness, validating reliable inference. These results highlight the crucial role of innovation in enhancing SME competitiveness and promoting sustainable growth in Ukraine’s transitional economy. The study provides actionable policy insights that support targeted innovation promotion, particularly in technology-intensive sectors and urban clusters, to drive broader economic recovery and integration into global markets.
The Development of Human Capital within the Framework of the Demographic Economy of Ukraine: Factors of Stability Lesia Bilorusets, Vladyslav Mylenkyi, Tetiana Lunova, Oleksandr Zhurba, Viktoriia Samoilenko International Journal of Economics and Financial Issues, 2025 This study investigates the role of demographic, economic and social factors in shaping labor force participation and sustaining human capital in demographic economy of Ukraine. Current work focuses on demographic indicators such as birth rate, net migration and literacy rate and also considers economic indicators like education spending, unemployment and labor productivity, to identify critical drivers of workforce engagement. Using regression analysis (2000 to 2023) and SWOT evaluation, the findings reveal that while demographic decline and negative migration trends negatively impact labor force participation, higher investment in education, improved literacy rates, and enhanced labor productivity significantly contribute to workforce engagement and economic integration and growth. SWOT analysis identifies high literacy rates, skilled labor, and EU integration as key strengths and opportunities that enhance workforce engagement, drive innovation, and facilitate integration into global markets. And weaknesses identified are low birth rates and underfunded education, along with threats such as brain drain and political instability, challenge sustainable human capital development. Policy recommendations are provided to address these challenges and foster a productive labor market for long-term growth, social mobility and innovative development.
Analysis of Successful Cases of Sustainable Economic Development through Project Management in the Post-War Reconstruction of Ukraine Yuliia Holovnia, Oleksandr Zhurba, Volodymyr Zakharchuk, Lesya Verbovska, Volodymyr Havran International Journal of Economics and Financial Issues, 2025 After wars, nations have problems reconstructing their nation, Ukraine. Unfortunately, the Middle has been struck by profound infrastructure destruction, economic disruption and fragmentation of society that continues in conflict. This study investigates how project management contributes to sustainable economic development in Ukraine’s reconstruction in 2023 through some projects being pursued. The study used a mixed method approach, qualitative case studies and quantitative analysis, which included the unit root test of ADF, Johansen cointegration test and ARDL long run and short run estimates to assess the impact of project management variables. The study finds that short- and long-term sustainability outcomes are driven by Community Impact, Stakeholder Engagement, and International Support. The ECT value showed rapid adjustment to equilibrium, and results from the ARDL long run showed that these variables had substantial effects. The main policy recommendation is to improve collaboration and promote innovation whilst emphasising resource efficiency. This research provides a complete framework for integrating project management with sustainable development in post-conflict reconstruction and actionable insights for Ukraine’s recovery.
State Power and Political Elites in Dimension of Global Conflicts and Socio-Economic Development of Ukraine Oleksandr Nazarchuk, Oleksandr Zhurba, Iryna Dudko, Inna Pohorielova, Tetiana Nikolaieva Salud Ciencia Y Tecnologia Serie De Conferencias, 2025 Introduction: The global political conflicts impact the political elite and socioeconomic development of Ukraine. Many big economies face political conflict, particularly between Russia and Ukraine. The current study evaluates the impact of political conflicts on socio and economic factors in Ukraine using data from different official data sources, including World Development Indicators (WDI). Methods: The study uses the Exploratory Data Analysis (EDA). Results: The results indicate that economic growth has decreased since Ukraine and Russia started their conflict. A drastic change in unemployment level and current account also generated negative values. The Ukrainian currency has decreased by more than 20 per cent. The whole concept shows that the indicators are not going in a good direction, which means the quality of life is decreasing due to problems in socio-economic indicators. The human cost of conflict that hurt the economics of the world and Ukraine. The world’s GDP has reduced by 1%, or $1.5 trillion, and European commerce has decreased by 1%. Developing Europe is badly impacted as the GDP of the European nations that rely on Ukraine declines by 30%. The exports have decreased from 8 to 18 per cent, contributing to the current account deficit. Conclusions: On the other hand, the study concludes that global political conflicts impact leaders regarding international political disputes, which also affect socioeconomic and political elements, security, and politics. Certain sub-factors, such as heightened accountability and scrutiny, shifting alliances, and the power of international institutions, are impacted politically.
Anti corruption mechanisms and public finance management efficiency in Ukraine’s war and post-war recovery Andrii Moisiiakha, Kateryna Velychko, Nataliia Kovalenko, Oleksandr Zhurba, Oleh Kramar Economics and Finance Letters, 2025 This report analyzes the potential contribution of anti-corruption measures to improving Public Financial Management as part of Ukraine’s anticipated post-war reconstruction. It draws on several comparative case studies from countries that have emerged from conflict, including Croatia, Georgia, Hungary, Bosnia and Herzegovina, and Rwanda. Although Ukraine remains in a state of war, this article adopts a forward-looking perspective and applies insights from post-conflict economies to explore possible policy implications. The primary objective is to highlight the role of anti-corruption efforts, institutional reform, and transparency in enhancing fiscal governance within fragile contexts. The study employs a panel dataset covering six conflict-affected economies for the period 2020-2025. It applies econometric methods, including cross-sectional dependence tests, CADF and CIPS unit root analysis, Fixed Effects estimation, and Two-Stage Least Squares (2SLS) estimation, to examine the relationships between governance reforms and PFM outcomes. Results show that anti-corruption measures, such as the establishment of independent agencies and the implementation of e-procurement systems, contribute positively to fiscal transparency and budget discipline. Institutional soundness, along with the supportive role of foreign aid and international institutions, also emerges as a significant factor. There are precise policy insights for Ukraine. The study offers a meaningful forward-looking roadmap, grounded in empirical evidence from comparable post-conflict countries, outlining effective strategies for achieving sound public financial management during the reconstruction period.
Using big data to increase the efficiency of business processes in the digital economy of Ukraine Dmytro Kobets, Olha Vorkunova, Liudmyla Yaremenko, Viktor Krasnoshchok, Oleksandr Zhurba Periodicals of Engineering and Natural Sciences, 2025 This study explores the transformative role of big data tools in enhancing business efficiency within Ukraine's digital economy. Using a cross-sectional design, data were collected from 200 managers and experts across diverse industries through a semi-structured questionnaire. The analysis encompassed descriptive statistics, reliability testing, exploratory factor analysis (EFA), regression analysis, and cluster analysis to examine the adoption of predictive analytics, business intelligence, and process automation. Results highlight process automation as the most significant efficiency driver, followed by predictive analytics and business intelligence, enabling streamlined workflows, faster decision-making, and reduced operational costs. Cluster analysis identified three distinct groups of organizations: high adopters achieving notable efficiency gains, moderate adopters facing substantial barriers, and low adopters with targeted benefits but limited efficiency gains. Barriers such as skill shortages, infrastructure gaps, and organizational resistance were prominent among moderate adopters, underscoring the need for targeted interventions. Larger organizations and those led by experienced managers demonstrated greater efficiency, highlighting the importance of resources and leadership in digital transformation. The study emphasizes the need for investment in infrastructure, workforce development, and tailored support for SMEs to unlock the full potential of big data. Future research should focus on longitudinal impacts, sector-specific challenges, and integrating emerging technologies such as AI and IoT. These findings provide actionable insights for policymakers and organizations to foster a data-driven, competitive, and inclusive digital economy in Ukraine.
Economic Benefits of Green Technologies: Ukrainian Experience Nina Yarova, Liubov Lipych, Tetiana Gutsul, Oleksandr Zhurba, Vladyslav Novytskyi International Journal of Economics and Financial Issues, 2025 This study evaluates the economic benefits of implementing green technologies in Ukraine, focusing on their contribution to sustainable development, energy efficiency, and economic growth. The research aims to identify how renewable energy projects and energy-efficient technologies can enhance Ukraine’s energy security, reduce dependency on fossil fuels, and foster innovation-driven economic modernization. A multi-method approach was employed, combining a systematic literature review, statistical data analysis, and a comparative evaluation of solar and wind energy projects. The study draws on secondary data from governmental and international agencies, spanning the period 2014-2023, and utilizes descriptive statistics to assess trends in job creation, investment, and reductions in natural gas imports. The results indicate significant progress in solar and wind energy development, with total installed capacities reaching 7.6 GW and 2.4 GW respectively by 2023. Employment in green sectors exceeded 50.000 jobs, with solar energy accounting for 40% of this workforce. Investments in green technologies totaled approximately €12 billion between 2014 and 2022, stimulating economic growth and reducing Ukraine’s natural gas imports by 15%. Despite these achievements, challenges remain, including financial barriers, regulatory instability, and outdated infrastructure. However, the study highlights opportunities for further progress through policy reforms, infrastructure modernization, and international cooperation. The research concludes that green technologies are essential for Ukraine’s transition to a sustainable economy, offering both environmental preservation and economic growth potential. These findings underscore the need for policy consistency, expanded financing options, and increased public awareness to maximize the economic benefits of green technologies in Ukraine. By leveraging these innovations, Ukraine can enhance its energy independence, competitiveness, and resilience in the global market.
ROLE OF FINANCIAL INSTRUMENTS IN ENSURING LIQUIDITY AND STABILITY OF THE CURRENCY MARKET OF UKRAINE IN THE CONDITIONS OF MILITARY CONFLICT Oleksandr Zhurba Financial and Credit Activity Problems of Theory and Practice, 2024 In the conditions of military actions, liquidity of the currency market is of critical importance for the financial stability and security of the state, which stipulates significant relevance of the issue of instruments of liquidity provision. The research aims to identify the influence of the instruments of the National Bank of Ukraine (NBU) on the liquidity of the currency market of Ukraine within the context of long-term military conflict.The methods of regression analysis, correlation analysis, and analysis of variance were used in the study to determine the leading factors that influence the liquidity of the currency market in Ukraine in the conditions of military conflict.The study of the liquidity of the currency market through the prism of linear regression reveals the relation between the core economic indicators and the level of liquidity of the currency market during the military conflict. The model with a coefficient of determination 0,774 was found to effectively describe 77,4% of liquidity variability, underlining the significant influence of such factors as central bank policies and macroeconomic conditions. Significant coefficients for central bank interventions (1,7867), regulatory measures (59,8199), volume of international aid (-1,5684) and inflation (-99,9780) indicate their influence on the liquidity of the currency market in the conditions of military conflict. The influence of regulatory measures with a correlation of 0,59 is especially important.The article emphasises the necessity for minimising dependence on external financing and inflation control through monetary measures to ensure price stability. Further study perspectives involve consideration of the influence of digital currency of central banks on the liquidity of the currency market.
