THEORETICAL BASIS OF THE ANALYSIS OF THE DYNAMICS AND STRUCTURE OF AGGREGATE DEMAND IN THE CONTEXT OF NEW INDUSTRIALIZATION

Abstract

Study of the possibilities of using the post-Keynesian concept of government spending as an initial element of aggregate demand for the analysis of aggregate demand management during the new industrialization in the process of post-war restoration of the national economy. The method of reproducible analysis of aggregate demand, as well as the method of intersectoral analysis. A analysis of the macroeconomic model and modern post-Keynesianism leads to the question of which approach to the analysis of the dynamics and structure of aggregate demand in the post-war period is relevant —the approach from the mainstream or from the post-Keynesian position. A correct understanding of the features of these approaches allows not only to ask this question, but also to formulate an answer to it. If in the period the actual continuation of the process of deindustrialization of the national economy is expected, then economic policy may well be limited to the traditional approach from the mainstream position. But, if in the process of recovery a transition to a neo-industrial model is expected, then for adequate management of aggregate demand an approach from the position of modern post-Keynesianism is necessary. The model of formation of the structure of aggregate demand, which developed in Ukraine during the war, can in principle be preserved in the conditions of post-war recovery, if this process follows the path of new industrialization of the Ukrainian economy. Fundamental neo-industrial transformation of the technological structure of production is objectively impossible without strengthening the economic role of the state through an active industrial policy aimed at stimulating industries with high added value. Therefore, the transition to a neo-industrial economic model requires the logic of not the standard macroeconomic approach to the analysis of the dynamics and structure of aggregate demand, but the opposite logic of an alternative approach from the standpoint of post-Keynesianism, which considers government spending as a element of aggregate demand in relation to private demand.