Scientific and practical journal
УКР   ENG
Regional Economy
   



Journal Regional Economy -- re2019.03.134

UDC 330.322.5; JEL H61, E22, R22, R58
Leshchukh, I. V. (2019). Vplyv administratyvno-finansovoyi detsentralizatsiyi na investytsiyni protsesy u Tsentral'nomu rehioni Ukrayiny [Influence of administrative and financial decentralization on investment processes in the Central region of Ukraine]. Rehional'na ekonomika - Regional Economy, 93 (3), 134-144. DOI: https://doi.org/10.36818/1562-0905-2019-3-14. [in Ukrainian].
Sources: 19

Authors

Resume

The article examines the tendencies of the investment sector of the Central region of Ukraine, which are formed under the influence of implementation of administrative and financial decentralization in Ukraine. The method of estimation of influence of administrative-financial decentralization on investment processes in the region is proposed on the basis of calculation of indicators of the ratio: a) growth rates of capital investments and foreign direct investments against own incomes; b) the rate of growth of expenditures on socio-economic development (in particular, public administration, health care, education, housing and communal services, repair and maintenance of roads, etc.) against own revenues of local budgets. The author’s method is tested on the example of cities of regional importance and districts of the Central region of Ukraine. It was found that: 1) in 2016-2018 the most effective was the policy of capital investment in Cherkasy region, the least effective – in the Kirovograd region; 2) the increase of the financial potential of the cities of regional importance and districts of the studied region did not cause a significant stimulating influence on attracting foreign investments; 3) the reorientation of local authorities’ own resources on capital expenditures on the development of social, transport and communal infrastructure is extremely slow. Systemic and dialectical methods were used in the study; logical generalization, system analysis, comparison and synthesis; strategic analysis, graphic. The works of leading scientists and specialists on a wide range of socio-economic problems, the operational information of the Main Directorates of Statistics in Vinnitsa, Kirovograd, Cherkasy and Poltava regions of Ukraine as well as information on the implementation of relevant local budgets of the Departments of Finance of Vinnitsa, Kirovograd and Cherkasy regional state administrations constitute the information base of the research.

Keywords:

administrative and financial decentralization, investment efficiency, regional economy, spatial development, cities of regional importance, united territorial communities, Central region of Ukraine

References

    
  1. Pro skhvalennya Kontseptsiyi reformuvannya mistsevoho samovryaduvannya ta terytorial’noyi orhanizatsiyi vlady v Ukrayini [On approval of the concept of reforming local self-government and territorial organization of power in Ukraine] (2014). Resolution of the Cabinet of Ministers of Ukraine on 2014, April 1, 333-p. Legislation of Ukraine: Website. Retrieved from http://zakon1.rada.gov.ua/laws/show/333-2014-р [in Ukrainian].
  2. Kresina, I. O. (2015). Vplyv detsentralizatsiyi na efektyvnist’ publichnoyi vlady [The impact of decentralization on the effectiveness of public authority]. Viche, 12. Retrieved from http://veche.kiev.ua/journal/4776 [in Ukrainian].
  3. Arabchuk, Ya. I. (2016). Finansova detsentralizatsiya – osnovna skladova spromozhnoyi hromady [Fiscal decentralization – the main component of public power]. Theory and practice of public administration and local government, 1. Retrieved from http://nbuv.gov.ua/UJRN/Ttpdu_2016_1_20 [in Ukrainian].
  4. Patytska, Kh. O. (2015). Finansova detsentralizatsiya yak osnova formuvannya samodostatnikh terytorial’nykh hromad [Financial decentralization as a basis for the formation of self-sufficient local communities]. Efektyvna ekonomika – Effective Economy, 10. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=4412 [in Ukrainian].
  5. Melnyk, M. I., Leshchukh, I. V., & Yaremchuk, R. Ye. (2019). Vplyv administratyvno-finansovoyi decentralizaciyi na zminu pozytsionuvannya mist v ekonomitsi Karpats’koho rehionu [Influence of administrative and financial decentralization on the change of positioning of cities in the economy of the Carpathian region]. Rehional’na ekonomika – Regional economy, 1(91), 14-23. Retrieved from http://re.gov.ua/doi/re2019.01.014_u.php
  6. Lunina, I. O. (Ed.) (2016). Rozvytok byudzhetnoyi detsentralizatsiyi v Ukrayini [Development of budget decentralization in Ukraine]: Scientific report. Kyiv: Institute of Economics and Forecasting of NAS of Ukraine. [in Ukrainian].
  7. Nabatova, Yu. O., & Us, T. V. (2015). Formuvannya mistsevykh byudzhetiv v umovakh detsentralizatsiyi finansovykh resursiv [Formation of local budget in conditions of decentralization of financial resources]. Efektyvna ekonomika – Effective economy, 5. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=4100 [in Ukrainian].
  8. Slobodyanyuk, N. O., & Konina, M. O. (2016). Problemy formuvannya dokhidnoyi chastyny mistsevykh byudzhetiv v umovakh finansovoyi detsentralizatsiyi [The problems of local budgets’ revenues formation in conditions of financial decentralization]. Ekonomika ta suspil’stvo – Economy and Society, 2, 611-616. Retrieved from http://www.economyandsociety.in.ua/journal/2_ukr/109.pdf [in Ukrainian].
  9. Melnyk, M. I., Leshchukh, I. V., & Yaremchuk, R. Ye. (2019). Efektyvnist’ administratyvno-finansovoyi detsentralizatsiyi v rehioni: investytsiynyi vymir [Effectiveness of administrative and financial decentralization in the region: an investment dimension]. Finansy Ukrayiny – Finance of Ukraine, 3, 103-117. [in Ukrainian].
  10. Statystychna informatsiya [Statistical information] (2018). State Statistics Service of Ukraine: Website. Retrieved from http://www.ukrstat.gov.ua [in Ukrainian].
  11. Statystychna informatsiya [Statistical information] (2018). Main Department of Statistics in Vinnytsya region: Website. Retrieved from https://www.vn.ukrstat.gov.uа [in Ukrainian].
  12. Statystychna informatsiya [Statistical information] (2018). Main Department of Statistics in Poltava region: Website. Retrieved from https://www.pl.ukrstat.gov.ua [in Ukrainian].
  13. Statystychna informatsiya [Statistical information] (2018). Main Department of Statistics in Kirovohrad region: Website. Retrieved from http://kr.ukrstat.gov.ua [in Ukrainian].
  14. Statystychna informatsiya [Statistical information] (2018). Main Department of Statistics in Cherkasy region: Website. Retrieved from https://www.ck.ukrstat.gov.ua [in Ukrainian].
  15. Statystychna informatsiya [Statistical information] (2019). Department of Finance of Vinnytsia Regional State Administration: Website. Retrieved from http://vingfu.gov.ua [in Ukrainian].
  16. Statystychna informatsiya [Statistical information] (2019). Department of Finance of Poltava Regional State Administration: Website. Retrieved from http://www.adm-pl.gov.ua/page/departament-finansiv [in Ukrainian].
  17. Statystychna informatsiya [Statistical information] (2019). Department of Finance of Kirovohrad Regional State Administration: Website. Retrieved from http://finance.kr-admin.gov.ua [in Ukrainian].
  18. Statystychna informatsiya [Statistical information] (2019). Department of Finance of Cherkasy Regional State Administration: Website. Retrieved from http://ck-oda.gov.ua/departament-finansiv [in Ukrainian].
  19. Storonyanska, I. Z. (Ed.) (2018). Desentralizatsiya v Ukrayini ta yiyi vplyv na sotsial’no-ekonomichnyy rozvytok terytoriy: metodychni pidkhody ta rezul’taty otsinyuvannya [Decentralization in Ukraine and its impact on the socio-economic development of territories: methodological approaches and evaluation results]: Scientific report. Lviv: Dolishniy Institute of Regional Research of NAS of Ukraine. [in Ukrainian].


Web Master P. Popadiuk