Investment providing sustainable development of rural areas in Ukraine

Main Article Content

Svitlana Savitska
Svitlana Zaika
Lyudmyla Svystun
Liubov Koval
Yuliia Haibura
صندلی اداری

Abstract

The economic growth of agricultural production is one of the main problems of modern economic development of Ukraine, in which investment processes play an important role. Therefore, the research is to reveal the importance of investment for the development of agriculture and rural areas of Ukraine and to develop recommendations to enhance investments in the Ukrainian rural areas. The data base of the State Statistics Service of Ukraine on economic development of Ukraine, investment activity of agriculture in Ukraine and attraction of foreign direct investments into the economy of Ukraine for 2014-2018 served as the information base for empirical and statistical research. It is found according to the results of the study that the level of provision of agriculture with investment resources is not sufficient. The reason is a number of negative factors: imperfect legislative framework, corruption, economic instability of the country, military conflict in the east of the country, insufficient financing of agriculture, low level of credit to the sector, etc. Using a systematic and integrated method, a model for the formation of investment support for sustainable rural development has been developed. We believe that in order to activate the sustainable development of rural territories, the use of the model will help to streamline and allocate financial and investment resources and improve rural investment activities. Conceptual approaches to the possible introduction of the agricultural land market in Ukraine are substantiated.

Downloads

Download data is not yet available.

Article Details

Section
Integration System of Education, Science and Production
Author Biographies

Svitlana Savitska, State Agrarian and Engineering University in Podilya

Ph.D in Economics, Assistant Professor of the Department of accounting, taxation and technologies of electronic business of the State Agrarian and Engineering University in Podilya. 84 scientific and methodological works have been published, including 31 scientific and 53 methodical works. In 2018 she was awarded the Certificate of Executive Committee of Kamyanets-Podilskyi City Council.

Scientific interests: investment development of agro-industrial enterprises and rural territories; state regulation of investment processes; the impact of the tax system on investment activity.

ORCID: https://orcid.org/0000-0003-1739-3536

Svitlana Zaika, Kharkiv Petro Vasylenko National Technical University of Agriculture

Candidate of Economic Sciences (2015), Associate Professor (2018), Director of the Academic Institute of Business and Management, Associate Professor of the Department of Production, Business and Management of the Petro Vasilenko National Technical University Of Agriculture.

The field of scientific interests is the study of the state of the economy in the conditions of European integration processes and transformational changes, the development of concepts, methods and mechanisms of management of economic activities of enterprises, management of innovation and investment activities of enterprises in an unstable environment; analysis and evaluation of investment projects in the field of economy and entrepreneurship; substantiation of the use of alternative energy sources.

She is the author and co-author of over 260 scientific publications, including 14, which are indexed in international scientometric bases.

Lyudmyla Svystun, Poltava National Technical Yuri Kondratyuk University

Candidate of Science (Economics), Associate Professor - has been working at the Finance and Banking Department of Poltava National Technical Yuri Kondratyuk University. She teaches disciplines taught “Enterprise finance”, “Enterprise financial activities”, “Enterprise financial rehabilitation management”, “Real estate valuation”.

Has practical experience of the expert at the international project "Integrated Urban Development in Ukraine".

Scientific interests: organizational and financial aspects of land market formation, evaluation of land and real estate, real estate energy efficiency improvement, urban and rural development, enterprise crisis management, small business financing, financial and investment activities of the enterprise.

ScopusID 57202629419

ResearcherID A-6919-2016

Liubov Koval, Vinnytsia National Agrarian University

PhD in Economics, Associate Professor of Accounting Department

Scientific interests: accounting, taxation, analysis, investment, finance.

ResearcherID L-5961-2018

 

Yuliia Haibura, State Agrarian and Engineering University in Podilya

Yuliia Haibura PhD in Economics, Аssociate Professor of Finance, Banking and Insurance Department in State Agrarian and Engineering University in Podilya.

She teaches disciplines taught: financial analysis, economic analysis, analysis of economic activity.

Author of more than 100 scientific works. Scientific interests: FinanceAnalisis, Economics, Income.         

References

BADYK, A. (2013) Teoretychna struktura mekhanizmu finansovoho zabezpechennya rozvytku silskykh terytoriy [Theoretical structure of the mechanism of financial support for rural development]. Innovative economy, n. 3, p. 156-162. (in Ukranian)

BLANK, Y. (1995) Іnvestytsiinyi menedzhment [Investment management]. Kyiv: MP "YTEM" (in Russian)

DERZHAVNA PIDTRYMKA AHRARNOHO SEKTORU U 2017 ROTSI (2018) State support for the agricultural sector in 2017. Available at: <: http:// www.auu.org.ua/uk/publications/web/206. Access: 18 October 2019 (in Ukranian)

DYBA, M.; GERNEGO, I. (2018) Private social investments as a solution for rural development. Management Theory and Studies for Rural Business and Infrastructure Development, v. 40 n. 3, p. 320–328.

FEDORENKO, V. (1999) Іnvestytsiinyi menedzhment [Investment management]. Textbook allowance. Kyiv. MAUP (in Ukranian)

FEYER, O. (2016) Investytsiine zabezpechennia diialnosti vitchyznianykh pidpryiemstv [The investment support of national enterprises]. Scientific Bulletin of Mukachevo State University, v. 2, p. 112-117. Available at: http://dspace.msu.edu.ua:8080/jspui/bitstream/123456789/2609/1/2-6-2-2016-19.pdf . Access: 6 October 2019. (in Ukranian)

HUTOROVA, O. (2016) Problemy ta perspektyvy rozvytku silskykh terytorii v Ukraini. [Problems and prospects of rural areas’ development in Ukraine] Problems of an innovative economy, n. 4, p. 68-73. Available at: http://journals.uran.ua/index.php/2524-0455/article/view/90410/86170. Access: 9 October 2019 (in Ukranian)

HITMAN, L.; DZHONK, M. (1997) Osnovy investurovannia [Investment fundamentals]. Moskow: Dillo (in Ukranian)

KAPITALNI INVESTYTSII ZA VYDAMY EKONOMICHNOI DIIALNOSTI ZA 2010-2018 ROKY (2019) Capital investments by type of economic activity for 2010-2018. Available at: https://ukrstat.org/uk/operativ/operativ2013/ibd/ibd_rik/ibd_u/ki_rik_u_e_bez.htm. Access: 28 October 2019 (in Ukranian)

KAPITALNI INVESTYTSII ZA DZHERELAMY FINANSUVANNIA ZA VYDAMY EKONOMICHNOI DIIALNOSTI ZA 2018 (2019) Capital investments by sources of financing by type of economic activity for 2018. Available at: http://www.ukrstat.gov.ua/operativ/operativ2019/ibd/kindj_ek/arch_kindj_ek.htm. Access: 28 October 2019 (in Ukranian)

KAPITALNI INVESTYTSII ZA VYDAMY AKTYVIV (2019) Capital investment by asset type. Avaible at: < http://www.ukrstat.gov.ua/operativ/operativ2018/ibd/kinv/kinv_2018_u.htm. Access: 29 October 2019 (in Ukranian)

KEYNS, D. (1999) Obshchaia teoryia zaniatosty, protsenta y deneh [The General Theory of Employment, Interest, and Money]. Avaible at: https://cas2.umkc.edu/economics/people/facultypages/kregel/courses/econ645/winter2011/generaltheory.pdf. Access: 5 November 2019

KISIL, M. (2018) Investytsiine zabezpechennia rozvytku silskoho hospodarstva Ukrainy v stratehichnii perspektyvi [Investment support for the development of Ukraine's agriculture in a strategic perspective]. Bulletin of Agricultural Science, v. 1, n. 778, p. 78-82. Avaible at: http://nbuv.gov.ua/UJRN/vaan_2018_1_15. Access: 19 October 2019 (in Ukranian)

KISIL, M. (2018) U 2018 rotsi upovilnylasia dynamika kapitalnykh investytsii v ahrosektor [In 2018, the dynamics of capital investments in the agricultural sector slowed down]. Avaible at: https://agropolit.com/news/11666-u-2018-rotsi-upovilnilasya-dinamika-kapitalnih-investitsiy-v-agrosektor. Access: 29 October 2019 (in Ukranian)

KOLEVATOVA, A. (2018) Suchasnyi stan zaluchennia inozemnykh investytsii v ekonomiku Ukrainy [The current state of attracting foreign investment in the economy of Ukraine]. Global and national problems of the economy. v. 22, p. 1080-1084. Avaible at: http://global-national.in.ua/issue-22-2018/30-vipusk-22-kviten-2018-r/4052-kolevatova-a-v-suchasnij-stan-zaluchennya-inozemnikh-investitsij-v-ekonomiku-ukrajini. Access: 26 October 2019 (in Ukranian)

KOZYUTKIN, L. (2019) Kolo interesiv: Top‑3 napriamky investytsii v Ukrainu [Range of interests: Top 3 areas of investment in Ukraine] Legal Newspaper. All-Ukrainian weekly professional legal publication. Avaible at: http://yur-gazeta.com/dumka-eksperta/kolo-interesiv-top3-napryamki-investiciy-v-ukrayinu.html. Access: 21 SEPTEMBER 2019 (in Ukranian)

MAKHOVYKOVA, H.; BYZOVA, I. (2005) Investytsii [Investments]. SPв: Piter. (in Russian)

MAYOROVA, T. (2013) Investycijnyj proces i finansovo-kredytni vazheli joho aktyvizaciyi v Ukrayini [The investment process and financial and credit levers of its activation in Ukraine]: monograph. Kyiv: KNEU. Avaible at: https://core.ac.uk/download/pdf/32610803.pdf. Access: 2 November 2019 (in Ukranian)

MCCONNELL, C.; BRUE, S. (2007) Economics: principles, problems, and policies. McGRAW-Hill. Irwin.

MOROZ, T. (2013) Investytsiine zabezpechennia staloho rozvytku silskykh terytorii [Investment support for sustainable rural development]. Innovative economy, v. 4, n. 42, p. 132-135. Avaible: http://dspace.mnau.edu.ua/jspui/bitstream/123456789/2782/1/Інноваційна%20економіка.pdf. Access: 4 October 2019 (in Ukranian)

NABIEVA, L.; DAVLETSHINA, L. (2015) Return on investments in the formation of Fixed Capital Assets in Agriculture of the Republic Of Tatarstan. Procedia Economics and Finance, v. 24, p. 457-463.

PRIAMI INVESTYTSII (AKTSIONERNYI KAPITAL) V EKONOMITSI UKRAINY Z KRAIN SVITU U ROZRIZI VYDIV EKONOMICHNOI DIIALNOSTI U 2018 ROTSI (2019) Direct investment (equity) in the economy of Ukraine from the countries of the world in terms of economic activities in 2018. Avaible: http://www.ukrstat.gov.ua/operativ/operativ2018/zd/inv_zd/pi_ak_ks_ved/arh_pi_ak_ks_ved_u.html. Access: 30 October 2019 (in Ukranian)

RUSNAK, A. (2016) Formuvannia investytsiinoi modeli staloho rozvytku silskyi terytorii rehioniv Ukrainy [The formation of the investment model of sustainable development of rural territories of the regions of Ukraine]. Young scientist, v. 1, n. 16, p. 50-53. Avaible: http://nbuv.gov.ua/UJRN/molv_2015_1%282%29__13. Access: 1 October 2019 (in Ukranian)

SHARPE, W.; ALEKSANDER, G.; BEYLY, J. (1998) Investments, Prentice Hall, Upper Saddle River, NJ.

SILSKE HOSPODARSTVO UKRAINY [AGRICULTURE OF UKRAINE] Statistical Digest (2019) Kyiv: State Statistics Service of Ukraine. (in Ukranian)

TOMASHCHUK, I. (2018) Investytsiinyi potentsial silskykh terytorii: osnovni aspekty rozvytku [Investment potential of rural areas: basic aspects of development]. Sustainable economic development. International scientific and production journal, v. 1, n. 38, p. 140-149. Avaible: http://www.vsau.vin.ua/repository/getfile.php/16897.pdf. Access: 30 October 2019 (in Ukranian)

TYMOSHENKO, M. (2018) Neobkhidnist ta shliakhy zrostanniaia investytsiinoi pryvablyvosti silskykh terytorii na zasadakh inkliuzyvnosti [Necessity and ways of growth of investment appeal for rural areas on the basis of inclusion]. Podilian Bulletin: Agriculture, Technology, Economics, v. 29, p. 186-195. Avaible: http://pb.pdatu.edu.ua/article/view/162416/161391. Access: 30 October (in Ukranian)

VOLCHANSKA, L. (2017) Formuvannia investytsiinoi pryvablyvosti ahrarnykh pidpryiemstv [Formation of investment attractiveness of agricultural enterprises]. Dnipro: DDAY. Avaible: https://www.dsau.dp.ua/ua/page/photo/aref_volchanska.PDF. Access: 30 October 2019 (in Ukranian)

YEDYNA KOMPLEKSNA STRATEHIIA TA PLAN DII ROZVYTKU SILSKOHO HOSPODARSTVA TA SILSKYKH TERYTORII V UKRAINI NA 2015 - 2020 ROKY (2015) Unified comprehensive strategy and action plan for the development of agriculture and rural territories in ukraine for 2015 - 2020. Avaible: http://search.ligazakon.ua/l_doc2.nsf/link1/NT1978.html. Access: 12 October 2019 (in Ukranian)

YERMOLAYEV, A.; KLYMENKO, I.; YEMETS, V.; TARAN, S. (2015) Ahrarnyi sektor Ukrainy: tendentsii, subiekty, perspektyvy reformuvannia [The agricultural sector of Ukraine: trends, subjects, prospects for reform]. New Ukraine. Institute for Strategic Studies Available: http://newukraineinstitute.org/media/news/549/file/Agro%202015.pdf. Access: 16 October 2019 (in Ukranian)

ZAKON UKRAINY «PRO INVESTYTSIINU DIIALNIST» (1991) The Law Of Ukraine "On Investment Activities" No. 1560-Xii Of September 18. 1991. Avaible: https://zakon.rada.gov.ua/laws/show/1560-12. Access: 2 November 2019 (in Ukranian)

ZERNOVYI SEKTOR UKRAINY: TENDENTSII TA PERSPEKTYVY (2007) [GRAIN SECTOR OF UKRAINE: TRENDS AND PROSPECTS]. Canadian-Ukrainian Grain Project II. Kuiv (in Ukranian)

Most read articles by the same author(s)

فروشگاه اینترنتی