MODELS OF ANALYSIS AND ASSESSMENT OF SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRIES OF THE EUROPEAN UNION
Authors:   Educational and Scientific Institute “Karzinsky Banking Institute” of V.N. Karazin Kharkiv National University, Ukraine, Morozova Nadiia 
Published: September 2022

The formation of prerequisites for the sustainable development of the country as a whole and its individual regions is possible today under the increase of the natural-resource, demographic, scientific and technical, recreational, information, and socio-cultural potential, not only of the production one. All components of socio-economic potential play an essential role in determining the priorities for the transition of national and regional economic complexes to a model of sustainable synergistic development. In addition, the importance of the human factor and institutional changes in the geopolitical system of economic relations should be highlighted. When studying the relevant issue, it is essential to take into account numerous factors of the socio-economic potential of sustainable development, both exogenous and endogenous, keeping in mind the institutional consolidation of the European integration aspirations of the Ukrainian people. The signing of the economic part of the Association Agreement between Ukraine and the European Union (hereinafter referred to as the EU) requires a documentary and realistic introduction of a set of directives relating to economic, social and environmental spheres. Given the above, it is necessary to thoroughly assess the socio-economic development of the EU countries in order to conduct an in-depth analysis for the formation of modern approaches to increasing the socio-economic potential of Ukraine’s sustainable development, which will be a solid basis for the modernization of most domestic sectors, real decentralization, and accelerated implementation of EU standards. The subject of the study is modern methods, models, and technologies for assessing the level of socio-economic development of the EU countries from 2010 to 2019. The research methodology comprises general scientific methods of cognition of the objective nature of economic phenomena and processes: analysis and synthesis; statistical and temporal analysis; comparison; observation; economic-mathematical, statistical and sociological methods of analysis; methods and models for calculating group and general integral indicators; forecasting methods. The purpose of the paper is to develop a set of models for assessing the socio-economic development of the EU countries throughout 2010–2019, which is based on the use of modern tools, methods and models for calculating group and general integral indicators of socio-economic development of the EU countries. They make it possible to comprehensively assess and conduct complex spatially-dynamic comparative analysis of the studied countries, predict their development and determine adequate benchmarks for the development of the national economy on the way to the EU.The general conclusion is that the contribution improves the process of assessment and analysis by calculating an overall synergistic integral indicator that reflects the effectiveness of the socio-economic development of EU member states and allows making adequate forecasts and modelling different development scenarios. Thus, it is determined that in the near future this indicator will increase due to well-planned activities of the states and comprehensive monitoring and control of processes by the EU. The implementation of development measures will improve the living standards of the population and be more sustainable in crisis or other social phenomena that may adversely affect the financial condition and security of the population. Consequently, given Ukraine’s plans to join the EU, it can be considered that the relevant membership will have a positive synergistic effect on the state’s progress, contribute to socio-economic development, and strengthen domestic potential.