Investment providing sustainable development of rural areas in Ukraine

Main Article Content

Svitlana Savitska
Svitlana Zaika
Lyudmyla Svystun
Liubov Koval
Yuliia Haibura

Abstract

The economic growth of agricultural production is one of the main problems of modern economic development of Ukraine, in which investment processes play an important role. Therefore, the research is to reveal the importance of investment for the development of agriculture and rural areas of Ukraine and to develop recommendations to enhance investments in the Ukrainian rural areas. The data base of the State Statistics Service of Ukraine on economic development of Ukraine, investment activity of agriculture in Ukraine and attraction of foreign direct investments into the economy of Ukraine for 2014-2018 served as the information base for empirical and statistical research. It is found according to the results of the study that the level of provision of agriculture with investment resources is not sufficient. The reason is a number of negative factors: imperfect legislative framework, corruption, economic instability of the country, military conflict in the east of the country, insufficient financing of agriculture, low level of credit to the sector, etc. Using a systematic and integrated method, a model for the formation of investment support for sustainable rural development has been developed. We believe that in order to activate the sustainable development of rural territories, the use of the model will help to streamline and allocate financial and investment resources and improve rural investment activities. Conceptual approaches to the possible introduction of the agricultural land market in Ukraine are substantiated.

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Section
Integration System of Education, Science and Production
Author Biographies

Svitlana Savitska, State Agrarian and Engineering University in Podilya

Ph.D in Economics, Assistant Professor of the Department of accounting, taxation and technologies of electronic business of the State Agrarian and Engineering University in Podilya. 84 scientific and methodological works have been published, including 31 scientific and 53 methodical works. In 2018 she was awarded the Certificate of Executive Committee of Kamyanets-Podilskyi City Council.

Scientific interests: investment development of agro-industrial enterprises and rural territories; state regulation of investment processes; the impact of the tax system on investment activity.

ORCID: https://orcid.org/0000-0003-1739-3536

Svitlana Zaika, Kharkiv Petro Vasylenko National Technical University of Agriculture

Candidate of Economic Sciences (2015), Associate Professor (2018), Director of the Academic Institute of Business and Management, Associate Professor of the Department of Production, Business and Management of the Petro Vasilenko National Technical University Of Agriculture.

The field of scientific interests is the study of the state of the economy in the conditions of European integration processes and transformational changes, the development of concepts, methods and mechanisms of management of economic activities of enterprises, management of innovation and investment activities of enterprises in an unstable environment; analysis and evaluation of investment projects in the field of economy and entrepreneurship; substantiation of the use of alternative energy sources.

She is the author and co-author of over 260 scientific publications, including 14, which are indexed in international scientometric bases.

Lyudmyla Svystun, Poltava National Technical Yuri Kondratyuk University

Candidate of Science (Economics), Associate Professor - has been working at the Finance and Banking Department of Poltava National Technical Yuri Kondratyuk University. She teaches disciplines taught “Enterprise finance”, “Enterprise financial activities”, “Enterprise financial rehabilitation management”, “Real estate valuation”.

Has practical experience of the expert at the international project "Integrated Urban Development in Ukraine".

Scientific interests: organizational and financial aspects of land market formation, evaluation of land and real estate, real estate energy efficiency improvement, urban and rural development, enterprise crisis management, small business financing, financial and investment activities of the enterprise.

ScopusID 57202629419

ResearcherID A-6919-2016

Liubov Koval, Vinnytsia National Agrarian University

PhD in Economics, Associate Professor of Accounting Department

Scientific interests: accounting, taxation, analysis, investment, finance.

ResearcherID L-5961-2018

 

Yuliia Haibura, State Agrarian and Engineering University in Podilya

Yuliia Haibura PhD in Economics, Аssociate Professor of Finance, Banking and Insurance Department in State Agrarian and Engineering University in Podilya.

She teaches disciplines taught: financial analysis, economic analysis, analysis of economic activity.

Author of more than 100 scientific works. Scientific interests: FinanceAnalisis, Economics, Income.         

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