The methodological approach to assessing trade-off between the economic efficiency and social equity (in the context of the industrial sector of Ukraine)

Abstract

The priority direction of the state policy is to increase economic efficiency and ensure social equity in the Ukrainian industry. It is substantiated by the fulfillment of basic goals of the state policy and the need to eliminate contradictions between ensuring economic growth and compliance with social standards. There developed a methodological approach to assessing the trade-off between economic efficiency and social equity in the industrial sector, which implies the following sequence: determination of partial and general criteria of economic efficiency, determination of criteria of social equity, construction of a matrix for positioning the industries in coordinates of economic efficiency and social equity to identify the industries requiring additional attention, namely, those not effectively using and not fairly distributing own resources.