Distribution of investment resources: where is agriculture in the Ukraine’s economy?
Journal Title: Financial Markets, Institutions and Risks - Year 2018, Vol 2, Issue 3
Abstract
This article summarizes the arguments and counterarguments in the framework of the scientific discussion on the distribution of investment resources of the national economy of Ukraine and the definition of the place of the agricultural sector in it; highlighted indicators of Ukraine’s economic development; compared, projected and indicated changes in the dynamics of GDP and capital investment; the results of profitability (loss-making) of branches of the national economy of Ukraine are presented. The main objective of the study is to highlight the problems of the efficiency of the distribution of investment resources (capital investments) among the Ukrainian economy in the context of their eco-nomic efficiency. The systematization of literary sources and approaches to the solution of the problem of investment resource allocation has shown that in the world they are viewed as a form of capital transformation in a globalizing economic environment, providing an increase in gross added value, technology transfer, the creation of workplaces, the improvement of the competitiveness of industries and regions, and as a consequence – GDP`s growth of the country. The urgency of solving this scientific problem lies in the fact that for the last 5 years the agrarian sector of Ukraine’s economy is considered as a factor of macroeconomic growth, providing about 20% of GDP and almost 45% of foreign exchange earnings. The research of the distribution of investment resources of the national economy in the article is carried out in the following logical sequence: the indicators of economic development of Ukraine are highlighted, the dynamics of changes in Ukraine ‘s GDP and capital investments are presented, with the help of correlation – regression analysis, the forecasting for 2016-2019 of both indicators is carried out, the profitability of the economic activity of Ukrainian enterprises in terms of branches. The methodical tools of the conducted research were the methods of synthesis and analysis, comparison, correlation-regression, the period of the study is selected years 2002-2015, and for forecasting 2016-2019 years. The object of the study was selected – investment processes in the Ukrainian economy, since it they provide innovative and investment development of the economy and its growth. The article presents the results of an empirical analysis of the impact of capital investment on the country’s GDP, which showed that their distribution is non-systemic and requires correction taking into account their resulting impact on more profitable branches and the agrarian sector, in particular. The study empirically confirms and theoretically proves that the innovation and investment development of the Ukrainian economy can be secured by directing investment resources into agricultural production with high added value.
Authors and Affiliations
Mykola Sokolov, Andrii Mykhailov, Dmytro Khandurin
Keywords
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- EP ID EP523495
- DOI 10.21272/fmir.2(3).38-42.2018.
- Views 59
- Downloads 0
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