Attracting Direct Investments in the Regions of Ukraine and Their Impact on the Economic Development of the Transcarpathian Region
Journal: Scientific Bulletin of Mukachevo State University. Series “Economics” (Vol.7, No. 1)Publication Date: 2020-04-23
Authors : Mariia V. Hobrei;
Page : 147-151
Keywords : direct investments; investment activity; investment attractiveness; socio-economic development; regional development;
Abstract
The article examines the state and scale of attracted direct investment (equity) in Transcarpathia and Ukraine as a whole. Research of the direct investment market is relevant, because they are the basis for social and economic development of the country and its regions. The purpose of the article is to study the scale of attracted direct investment (equity) in the regions of Ukraine and the distribution of direct investment by type of economic activity in the Transcarpathian region, to investigate their impact on the development of the Transcarpathian region. Increasing the volume and improving the efficiency of attracted direct investment are becoming the main factors of economic development. For a comprehensive study of direct investment in Transcarpathia should take into account the sectors of the economy to which these investments are directed, and the dynamics of changes in direct investment in 2017-2019. Among all attracted direct investments in the economy of the country and regions, in particular the Transcarpathian region, it is necessary to single out those investments that are involved in important for the region types of economy. The article examines how significant are the attracted direct investments in the industrial sector of the Transcarpathian region, investments in which reach more than 80% of the total number of direct investments for each of the studied years. This is a significant indicator and shows the fact that industry is a key economic activity in the Transcarpathian region. Taking into account the specifics of the Transcarpathian region, it would be advisable to increase the volume of direct investment in the recreational sector of the region. Given that every year, during 2017-2019, the share of direct investment in the Transcarpathian region and in Ukraine as a whole was growing, we can understand how important this area is in the future for the economic development of the region. Given that Transcarpathia is a border area, we can focus on cooperation with countries bordering the region to increase the amount of direct investment in the region's economy. The results presented in this study show the importance of direct investment for the development of the region's economy and show the possibility of their growth in the future.
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