PRIORITIES FOR THE DEVELOPMENT OF INVESTMENT ACTIVITY IN THE AGRICULTURAL SECTOR OF UKRAINE IN THE CONTEXT OF MODERN EUROPEAN TRENDS
DOI:
https://doi.org/10.37332/2309-1533.2021.1-2.2Keywords:
Key words, investment flows, investment activity, agrarian sector, agribusiness, financial provision, EU countries, strategic development.Abstract
Kryukova I.O. PRIORITIES FOR THE DEVELOPMENT OF INVESTMENT ACTIVITY IN THE AGRICULTURAL SECTOR OF UKRAINE IN THE CONTEXT OF MODERN EUROPEAN TRENDS
Purpose. The aim of the article is the analysis of current trends in investment support of the domestic agricultural sector in the context of current European practice and justification of promising areas of investment activity in agriculture of Ukraine.
Methodology of research. A set of general scientific and specific methods of economic research is used when writing the article, in particular, methods of theoretical generalizations: analysis, abstract and logical method (substantiating modern trends in investment support of the agricultural sector of Ukraine and the EU); economic and statistical methods (when assessing the dynamics of investment in the domestic agricultural sector); methods of comparison and scientific synthesis (in substantiation of priority forms and directions of development of investment activity of agriculture of Ukraine taking into account the leading experience of the European practice); methods of graphic display of the received results of researches.
Findings. It is determined that the level of investment security and investment activity of the national agricultural sector, in comparison with European practice, remains low. Significant differences are also characterized by key areas of investment in agriculture in Ukraine and within the EU agricultural sector. The main tendencies of investment support of agribusiness of European countries are analysed, features of financing of investment projects and tendencies of shift of geographical structure of agrarian investments towards the countries of North Africa and Asia are revealed. Some aspects of the European policy of investment in the agricultural sector of the Ukrainian economy are analysed. The financial and geographical structure of sources of investment flows of domestic agriculture is studied.
Originality. The priorities of investment activity of the agrarian sector of the national economy are combined with the key modern tendencies of investment provision of agriculture of the EU countries for realization of possibilities of search of joint investment directions and projects, and also financial instruments of their realization.
Practical value. The trends and features of investment support of the agricultural sector of Ukraine in the context of modern European practice revealed as a result of research allowed to substantiate the priority areas of further development of investment activities and possible options for its financial support in the domestic agricultural sector in the near future.
Key words: investment flows, investment activity, agrarian sector, agribusiness, financial provision, EU countries, strategic development.
References
Bezpiata, I.V. (2016), Investytsiine zabezpechennia ahrarnoho sektoru ekonomiky [Investment support of the agricultural sector of the economy], monograph, MNAU, Mykolaiv, Ukraine, 337 p.
Kalchenko, S.V., Popova, T.V. and Svynous, N.I. (2020), “Organizational and economic principles of harmonization of economic interests of the state and farms in the investment sphere”, Ahrosvit, no. 3, pp. 9-15.
State Statistics Service of Ukraine (2020), “Capital investments by type of economic activity in 2019”, available at: http://www.ukrstat.gov.ua (access date February 05, 2021).
Krasnorutskyi, O.O. and Zaitsev, Yu.O. (2016), “Adaptive mechanisms in management systems of competitiveness of products of agricultural enterprises”, Halytskyi ekonomichnyi visnyk Ternopilskoho natsionalnoho tekhnichnoho universytetu, Vol. 50, no. 1, pp. 37-46.
Lupenko, Yu., Malik, M. and Shpukuliak, O. (2014), Innovatsiine zabezpechennia rozvytku silskoho hospodarstva Ukrainy: problemy ta perspektyv [Innovative support of agricultural development of Ukraine: problems and prospects], NNTs “IAE”, Kyiv, Ukraine, 516 p.
Marmul, L. and Petrenko, V. (2017), “Strategic positioning of enterprises with foreign investment in the agricultural sector”, Visnyk Berdianskoho universytetu menedzhmentu i biznesu, no. 4(40), pp. 43-48.
Mesel-Veseliak, V. and Fedorov, M. (2015), “Theoretical-methodological and normative-legal support of transformation of the agrarian sector of the economy of Ukraine to market conditions of management, scientific support and efficiency of introduction”, Ekonomika APK, no. 7, pp. 5-24.
Mykhailov, A. (2019), “Financial instruments for the formation of investment resources in the agrarian sector of the national economy in the context of globalization challenges”, Ekonomika APK, no. 3, pp. 52-57.
Ministry of Economic Development, Trade and Agriculture of Ukraine, “The list of public investment projects”, available at: https://www.me.gov.ua/Documents/List?lang=uk-UA&id=854a0a66-60cc-4897-81df-acd4e098a1a0&tag=PerelikDerzhavnikhInvestitsiinikhProektiv (access date February, 01, 2021).
State Statistics Service of Ukraine, “Foreign direct investment in the economy of Ukraine in 2019”, available at: http://www.ukrstat.gov.ua. (access date February, 01, 2021).
Ryzhykova, N. (2017), Upravlinnia innovatsiino-investytsiinoiu diialnistiu pidpryiemstv ta obiednan ahropromyslovoho vyrobnytstva: stratehii, mekhanizmy ta instrumentarii [Management of innovation and investment activities of enterprises and associations of agro-industrial production: strategies, mechanisms and tools], monograph, Smuhasta typohrafiia, Kharkiv, Ukraine, 400 p.
National Commission on Securities and Stock Market, “Development of the stock market of Ukraine”, available at: https://www.nssmc.gov.ua/news/insights/ (access date February, 01, 2021).
Sabluk, P. and Khomyin, I. (2020), “Development of the agricultural sector of Ukraine: financial aspect”, Ekonomika APK, no. 8, pp. 45-51.
Publications Office of the European Union (2020), “Agricultural, forestry and fishery statistics”, Luxembourg, 230 p.
Building a smart and green Europe in the COVID-19 era. European investment report. 2020/2021, available at: https://www.eib.org/attachments/efs/economic_investment_report_2020_2021_en.pdf. (access date February, 01, 2021).
Economy rankings. Official website of the World Bank, available at: https://www.worldbank.org/en/home (access date February, 01, 2021).
European Commission. Official web-site, available at: https://ec.europa.eu/info/strategy/eu-budget/long-term-eu-budget/2021-2027 (access date February, 01, 2021).
European Investment Bank. Official web-site, available at: https://www.eib.org/en/index.htm (access date February, 01, 2021).
Eurostat. Official web-site, available at: https://ec.europa.eu/eurostat/home (access date February, 01, 2021).
Miller, C., Ono, T. and Petruljeskov, M. (2018), Agricultural investment funds for development. Descriptive analysis and lessons learned from fund management, performance and private-public collaboration, Rome, Italy, 137 p.
McEldowney, J. (2019), EU agricultural research and innovation. European parliamentary research service, available at: https://www.europarl.europa.eu/regdata/etudes/brie/2019/ 630358/eprs_bri(2019)630358_en.pdf. (access date February, 01, 2021).
Downloads
Published
Issue
Section
License
Open-access articles (open-access journals)
Authors whose articles are published in open-access retain all rights to the content of the articles.
Open access articles are committed to be published under Creative Commons Attribution (CC BY) 4.0. This license allows others to distribute, edit, correct and build upon your work, even commercially, as long as they indicate your authorship. Detailed information at Creative Commons site: https://creativecommons.org/licenses/by/4.0/
Permissions for open-access journals
If the article is published in open-access under CC BY 4.0 or CC BY-NC 4.0 (which was possible till the 15th of December, 2018) licenses, users may reproduce it in accordance with their terms.
Additionally, if the article had been published under CC BY-NC 4.0 (this license authorizes others to download your works and share them with others as long as they indicate your authorship, but they can’t use them commercially in any case.), the use for the following commercial purposes requires permission:
– reproduction of content in a work or product intended for sale;
– reproduction in presentations, brochures or other marketing materials used for commercial purposes;
– distribution of the content to promote or market a person, product, course, service or organization;
– text and data mining for the purpose of creating a saleable product or product which benefits from promotional or advertising revenue;
– use of the content by a commercial entity or individual for the purposes of remuneration, directly or indirectly through sale, licensing, promotion or advertising;
– linking to the content (in an email, webpage, portable electronic device or otherwise) for the specific purpose of marketing or advertising a person, product, course, service or organization for commercial benefit.
For further details and permission requests, please contact.
