Application of modern models of economic growth

Statistical material on such indicators of Ukraine''s development as gross domestic product population growth investments inflation national debt of the state for the last 10 years is collected. The economic deflator of economic development and the savings ratio are determined.Comparisons were made with China the United States Germany Poland Romania the Czech Republic Hungary and Moldova.The models of economic growth of R. Harrod Harrod-domar Solow-Swan Cobb-Douglas-Tinbergen Lucas and Romer are used.According to all these models it is determined that the actual growth rate of the economy is also lower than guaranteed in 2020 and prolongs the sharp decline; equilibrium investments differ significantly from actual ones in the negative direction which leads to further stagnation of investment activity; from 2010-2011 technical progress has decreased significantly; reduction of funding for science and education in the country leads to a lack of interest in working in scientific institutes of the country which entails a lack of scientific discoveries innovations development of new technologies.