Mogolivets A. The state regulation mechanism of construction’s financial stability in terms of economic cyclicality

Українська версія

Thesis for the degree of Candidate of Sciences (CSc)

State registration number


Applicant for


  • 08.00.03 - Економіка та управління національним господарством


Specialized Academic Board

К 26.056.10

Kyiv National University of Construction and Architecture


The cyclicality of Ukraine’s construction industry development, which is manifested in periodic business activity fluctuations during certain periods, is revealed. GDP and GDP of construction indicators were selected to determine fluctuations periods and depths. The economic cycles effect on the construction financial sustainability has been comprehensively evaluated. Financial sustainability indicators have been found to also change under the cyclicality influence, but construction’s financial sustainability decreases during the economic upturn and increases during the recession. Construction’s financial stability regulation is revealed to be an effective tool of business activity regulation, and, as a consequence, financial stability regulation will allow to influence on the GDP of construction.The formation concept of organizational and economic state regulation mechanism of construction’s financial stability in terms of cyclicality is developed and substantiated, defining its structure as a complex system consisting of fluctuations forecasting, estimation and smoothing subsystems and adjustments, containing a set of organizational and economic levers, measures on construction’s financial sustainability in order to maximize GDP growth at the economic cycle peak and minimize recession at the bottom.


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