UDC 330.322.5:332.1(477)
Ishchuk, S. O., & Tkach, S. M. (2015). Reytynh rehioniv Ukrayiny za efektyvnistyu investytsiy [Rating of Ukraine’s regions by the efficiency of investment]. Rehional'na ekonomika - Regional Economy, 78(4). [in Ukrainian].
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Authors

Resume

The undeniable relevance and practical significance of national economy investment issues is revealed by the authors in the article. The research aims to rank Ukraine’s regions by investment efficiency and to develop the proposals to solve the problems of investment activities at national and regional levels. The estimation of change in the position of regions of Ukraine in the ranking of investment attractiveness is done. The regions were ranked in terms of capital and foreign direct investment trends and their growth was analyzed. By the results of the calculation of the integral index the efficiency of investment in the Ukraine regions was evaluated. Gross regional product and capital investments, enterprises financial results and profitable capital investment, industrial output and capital investment, the volume of rendered services and capital investment, innovative products sales and the innovation cost were chosen as five basic indicators for the development of the index indicators. Such a set of indicators provided an opportunity to comprehensively characterize the effectiveness of Ukrainian investment in general and in the regions in particular. The calculation of integral index for 2006-2014 was made on the basis of taxonomy method. In terms of efficiency investments 25 regions of Ukraine have been divided into 6 groups by Sturges method. Its groups have been enlarged in three main ones: the first high level group (the integral index of 0,67?1), the second was intermediate (0,33?0,67) and third – low level (0?0,33). In the article the following ways to improve the investment climate and to increase investment in the Ukrainian regions were suggested by the author: for Cabinet of Ministers of Ukraine – to develop the State target economic program of investment for the period until 2020 taking into account the current transformations in the economy and the risks involved and the processes of decentralization and integration; to establish effective mechanism of formation of the organizational, institutional, financial and legal conditions for development of innovation; to form the package of proposals to introduce regulations that will simplify conditions for investment activity; to promote the optimization of industrial structure and to improve the infrastructure, especially the transport one; for regional and local authorities – to increase the effectiveness of regional management through the use of advanced management models in the public sector; to intensify the implementation of public-private partnerships programs, expanding the circle of participants, especially from EU; for regional development centers – to assess the risks of investment activity in the regions and rank the administrative units in terms of their investment attractiveness; to monitor investment projects implemented / not implemented in the region to maximize prevention of risks of the investment activity participants.

Keywords:

investment, region, rating, efficiency, integral index