The article proposes a methodology for determining the factors of increasing the level of capital productivity and, accordingly, increasing the importance of this criterion in the overall productive capacity of the economy of the regions of Ukraine, substantiates the theoretical model of capital productivity, and conducts empirical verification of this model. A capital productivity level matrix was constructed, which includes key parameters grouped into three main sets of factors. The results of the conducted modeling indicate a partial strengthening of the negative trends of the effect of a decrease in the level of investment activity on capital productivity in 2021 compared to 2013. The article notes that despite the fact that increasing capital productivity is one of the main goals of investment activity, the relationship between investment and capital productivity is much more complicated and even unpredictable to a certain extent. This dependence is not necessarily linear and direct, in some cases it can have a non-linear nature and lead to negative inverse results, depending on the factors of the institutional and economic environment that has developed in different regions of the state. However, despite this, investment activities and increasing the level of capital productivity will play a significant role in the post-war reconstruction of the economy of Ukraine and its regions. Ways to increase the level of capital productivity in the regions of Ukraine are proposed, in particular: more intensive use of production capacities; priority development of less capital-intensive sectors of the economy; intensive use of investment stimulation mechanisms; increasing the share of types of economic activity with high added value; promoting the development of medium-sized and small cities, and not only large urban areas, the development of which requires significant investments in infrastructure; reduction of investment expenditures related to governance.
modeling, assessment, parameters, capital productivity, multifactor productivity
The article presents the results of research on the problems of cooperation between territorial communities in the regions of Ukraine in the context of activation of inclusive development. The author’s conceptual vision of theoretical basis for the study of the inclusiveness of the development of territorial communities is presented. The processes of concluding of agreements on cooperation of communities in the regions of Ukraine from the moment of its beginning till today are analyzed. The problems and challenges of the development of inter-municipal cooperation of united territorial communities of regions are identified, and on this basis recommendations for improving the efficiency of development of inter-municipal cooperation at the basic level are formulated and substantiated. In particular, it is necessary to conduct a consistent state policy to stimulate the development of inter-municipal cooperation. The main directions of such a policy should be: development and adoption by regional authorities of all regions of Ukraine of financial support and incentives for cooperation of territorial communities as well as identification of potential territories in regions where cooperation could be developing; inclusion of mechanisms of inter-municipal cooperation in regional programs of socio-economic and cultural development of regions; explanatory work among representatives of local self-government bodies on the practical use of inter-municipal cooperation; organization of trainings, seminars, round tables and other events, dissemination of scientific literature, invitations of leading foreign and Ukrainian scholars, experts and analysts; dissemination of positive experience of cooperation, public support and promotion of best practices of cooperation, conducting public competitions of projects with winners and supporting the implementation of their experience in other communities as well as forming of networks for experience exchange on issues of development of inter-municipal cooperation between local governments from different regions of Ukraine; organization of informal effective control by the public for the promotion of projects, implementation of events and obtaining results. Consequently, the cooperation of territorial communities not only creates problems, but also creates opportunities for them to be solved by activating entrepreneurial activity, expanding the possibilities of self-government and civic creativity at the basic level. In this regard, inter-municipal cooperation should become an effective instrument for completing the decentralization reform in Ukraine.
The focus of the article is drawn to the fact that economic modeling plays an important role in predicting the economic development of the regional economy. Among the indicators indicating the state of economic development we have selected the GRP. Therefore it till be used as a resulting value in the simulation of structural changes. To investigate the liaison between the resulting value (in this case GRP) and the selected factors we applied correlation and regression analysis. An econometric model of quantitative and qualitative assessment of the impact of internal and external factors on the GRP is constructed. As a results of modeling the factors are ranked in terms of their impact on the resulting indicator. The simulation results show that the greatest positive effect on GRP growth comes from increasing employment, and the least – from the volume of goods (works, services) sold. However, the two other factors (import goods and the amount of innovation expenditures) have the opposite effect on the formation of GRP and lead to its reduction. Mutual GRP and employment liaison is modeled in the context of various fields of economic activity. Calculations held show that increasing employment in the financial sector has the greatest positive impact on the growth of GRP, while in a number of other economic sectors this will lead to reduction of the GRP. In particular, the increase in the number of employed in temporary accommodation and catering, public administration and defense and in the field of information technologies and telecommunications will impede the GRP growth. Proportionality coefficient is the main indicator that most accurately reflects the dynamics and nature of structural changes on the meso-economy level. Using it to analyze the qualitative changes in species structure of the regional economy of the Western Ukraine in relation to the region in general and in relation to the structure of the national economy makes it possible to distinguish the two groups of regions, one of which is close to the quality structure of the region’s and the state economy (Lviv, Zakarpattia Chernivtsi region) and shows trends of structural stability; while the other group – appears to be more remote from the standard quality structures both, the state and the region (Volyn, Ivano-Frankivsk, Rivne and Ternopil region) and has a clear evidence of structural instability. The predicted integral coefficient of structural changes (ICSC) for the economy of Ukraine, which was calculated basing on the period 2012-2013 data, during the first period (2014) will range from 0.9% to 7.6% with an average of 3.8% and median value of 3.6%; during the second period (2015) we expect changes in the structure of 1.7% to 14.1%, average is equal to 6.8% and the median - 6.4%; and the third period (2016) will be characterized by the following changes of the ICSC: minimum will be the value of 2.5%, and maximum – 22.7%, average changes expected are of 10.9%, median value – 10.1%. All the distribution histograms achieved as a result of the simulation modeling are characterized by the left-sided asymmetry; the probability to reach the maximum values slightly exceeds 5%. Further studies in this direction should be concerned with modeling of structural processes in the composition of other indicators that characterize the dynamics and trends in socio-economic development of Ukraine, and with improvement of the parametric model that will determine the quality-biased impact of structural parameters on the dynamics of economic development, in our case the GRP growth.
structural changes, economic structure, modeling, gross regional product, factors of influence, structural instability, coefficient of proportionality
Basic concepts and draft conceptual foundations of institutional frameworks of regional structural policy, which includes the activities of the public authorities at regional and sub-regional level, aimed at achieving a balanced and effective structure of the regional economy of the state is determined. Objectives, strategic goals and priorities of regional structural policy of Ukraine and the proposed conceptual and methodological tools, the system measures selected to achieve strategic goals and priorities are outlined. The problems of institutional frameworks of regional structural policy are researched.
The main attention in the article paid to determining basic concepts and delineation of conceptual foundations of institutional frameworks of regional structural policy, formulation of proposals for monitoring implementation of structural policies, including based on the introduction of structural standards and benchmarks. Using the method of assessing structural changes were evaluated internal and external structural standards for short, medium and long term perspective by major branches of economy of Western Ukraine. According to the chosen methodology for assessing the long-term perspective is matched with three groups of highly developed countries. Because of the comparative studies of the selected structural standards and guidelines range of structural problems of the economy and its western region, proposed solutions to these problems are defined.
The main obstacles to the implementation of effective structural changes in the economy of the region and submitted proposals for their elimination are defined. In particular, the focus is primarily on the decorrupted and demonopolised institutional environment that inhibits structural changes, preserves inefficient economic structure of regions of the state. The proposals for the transformation of regional and district state administration and formation on the basis of their administrative structures of the European model. Special attention is focused on the formation mechanism of formation mechanism of the regional budget and expenditure management budgets regions; instability and imperfection of the legislation concerning the mechanism of budget resources of the region; absence of legally enforceable fiscal powers to regional authorities; inadequacies of the system of intergovernmental transfers.
Main priorities for structural transformation including the development of the tertiary (services and finance) and quaternary (information area) of regions sectors, as these sectors perform transactional function and generate the largest number of innovations that are able to qualitatively change the course of economic development are grounded.
The possibility of the institutional approach application in regional studies based on the use of scientific sources is investigated. Using of the concept of regional institutionalism is analyzed. Possible directions of construction of conceptual model using institutional tools in regional studies are presented, as well as the possibility of their use in the practice of business activity structuring, including reconceptualization of regional policy, is outlined.
The evolution of approaches to economic space districting of Ukraine are investigated and necessity of its modernization in conditions of innovative types of economic activity development, appearance of new organizational forms of entrepreneurial activity, strengthening of spatial competition and influence of globalization processes is proved. New ideology of districting, essence of which consists in transition from territorial approach, basis of which are power cycles to the network based on structuring of economic space on principles of economy clusterization is offered,. The comparative analysis of classic and new paradigms of the economic districting is conducted. The necessity of achieving of interregional integration co-operations of Ukraine regions and forming of new competitive at international level economic districts is determined.
districting, spatially-institutional structure of economy, classic paradigm of districting, new paradigm of districting, economic district
Citations
Maksymchuk, M. V. (2022). Vyznachennya instytutsiynykh determinant produktyvnoyi spromozhnosti ekonomiky [Determination of institutional determinants of productive capacity of the economy]. In Imperatyvy ta bezpekovi priorytety zberezhennya i rozvytku produktyvnoyi spromozhnosti rehioniv Ukrayiny v umovakh viyny [Productive capacity of Ukraine’s regions preservation and development imperatives and security priorities in conditions of war] (pp. 65-66). Lviv: Dolishniy Institute of Regional Research of NAS of Ukraine. Retrieved from https://ird.gov.ua/ird02/n3381_tezy.pdf [in Ukrainian]. {re2024.02.041.019}