Investment providing sustainable development of rural areas in Ukraine
Article Sidebar
Main Article Content
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
Article Details
1. Proposal of Policy for Free Access Periodics
Authors whom publish in this magazine should agree to the following terms:
a. Authors should keep the copyrights and grant to the magazine the right of the first publication, with the work simultaneously permitted under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 that allows the sharing of the work with recognition of the authorship of the work and initial publication in this magazine.
b. Authors should have authorization for assuming additional contracts separately, for non-exclusive distribution of the version of the work published in this magazine (e.g.: to publish in an institutional repository or as book chapter), with recognition of authorship and initial publication in this magazine.
c. Authors should have permission and should be stimulated to publish and to distribute its work online (e.g.: in institutional repositories or its personal page) to any point before or during the publishing process, since this can generate productive alterations, as well as increasing the impact and the citation of the published work (See The Effect of Free Access).
Proposal of Policy for Periodic that offer Postponed Free Access
Authors whom publish in this magazine should agree to the following terms:
a. Authors should keep the copyrights and grant to the magazine the right of the first publication, with the work simultaneously permitted under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 [SPECIFY TIME HERE] after the publication, allowing the sharing of the work with recognition of the authorship of the work and initial publication in this magazine.
b. Authors should have authorization for assuming additional contracts separately, for non-exclusive distribution of the version of the work published in this magazine (e.g.: to publish in institutional repository or as book chapter), with recognition of authorship and initial publication in this magazine.
c. Authors should have permission and should be stimulated to publish and to distribute its work online (e.g.: in institutional repositories or its personal page) to any point before or during the publishing process, since this can generate productive alterations, as well as increasing the impact and the citation of the published work (See The Effect of Free Access).
d. They allow some kind of open dissemination. Authors can disseminate their articles in open access, but with specific conditions imposed by the editor that are related to:
Version of the article that can be deposited in the repository:
Pre-print: before being reviewed by pairs.
Post-print: once reviewed by pairs, which can be:
The version of the author that has been accepted for publication.
The editor's version, that is, the article published in the magazine.
At which point the article can be made accessible in an open manner: before it is published in the magazine, immediately afterwards or if a period of seizure is required, which can range from six months to several years.
Where to leave open: on the author's personal web page, only departmental websites, the repository of the institution, the file of the research funding agency, among others.
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)