State financial regulation of the competitive environment: assessment for the agricultural sector of Ukraine

Main Article Content

Oksana Radchenko
Oksana Pashchenko
Maryana Matveyeva
Andrii Zelenskyi
Olena Zaika
صندلی اداری


The article reveals the importance of state financial regulation as one of the most important tools for economic growth and ensuring the competitiveness of industries and the economy of Ukraine. The studies of domestic and foreign scientists on the subject of research are analyzed in detail. The state of enterprises of the agricultural sector of Ukraine for the period 2013-2020 has been determined. The study was carried out on the factors of providing agricultural producers with financial resources in terms of the size of the forms of management. The share of unprofitable enterprises in the industry for the same period is also analyzed. The achievements of the agricultural sector are described according to the statistical analysis of the state of socio-economic development of the regions in the period 2020-2021. The methodology for monitoring and evaluating the effectiveness of the implementation of the state regional policy in accordance with legislative regulations is described. This made it possible to establish that at the present stage, the financial regulation of the agricultural sector of Ukraine is carried out without proper scientific justification and, as a rule, responds slowly to the requirements of economic practice, especially in the context of deepening the penetration of global processes into the national economy. Approaches to the assessment of the competitive environment of the agrarian sector of Ukraine and the direction of its state regulation are proposed. Theoretical, methodological, and practical aspects of assessing the competitiveness of the sector are disclosed. The necessity and possibility of forming a competitive environment by fiscal policy measures, primarily budgetary regulation, is proved. The problems of forming a competitive environment in the context of the current crisis caused by the COVID-19 pandemic, the place of Ukraine in the world competitiveness ranking are identified, and methodological approaches to the development strategy are proposed. It is proved that the competitive strategy is based on the existing resources of the industry (material, financial and intellectual), the level of development of various forms of management, the structure of production, marketing, processing, the formation of value chains and a bilateral state-market regulator. The directions for improving the quality of the competitive environment, arising from the paradigm of innovative development of the agricultural sector, are summarized and provide for the stimulation of small business in niche and organic production and large-scale industrial production in terms of the main indicators of food security, as well as the development of land, financial, credit and resource markets and the formation of equal access to them all agricultural producers.


Download data is not yet available.

Article Details

Integration System of Education, Science and Production
Author Biographies

Oksana Radchenko, National Scientific Center “Institute of Agrarian Economics”

Ph.D. (Economics), Associate Professor

Oksana Pashchenko , National University of Life and Environmental Sciences of Ukraine

Ph.D. in Economics, Associate Professor. Has been working at the Department of Economics. She teaches disciplines taught students have a bachelor's and master's degree. Has practical experience of the leading specialist in economic and financial issues at the enterprise "Velykosnitynka” Educational Research Farm named after O.V. Muzychenko. Scientific interests: Finance, Banking and Insurance, Economics.

Maryana Matveyeva, Stepan Gzhytskyi National University of Veterinary Medicine and Biotechnologies Lviv

Ph.D., Associate Professor, Department of Public Administration. She teaches disciplines taught:  Administrative management, Crisis management, Marketing management. Scientific interests: Study of economic and environmental aspects of the formation of the sustainable development principles for the agricultural enterprises, Administrative management, Crisis management. Author of more than 20 scientific works. 

Andrii Zelenskyi, Podillia State University

Ph.D. in Economics, Associate Professor,

Olena Zaika, State Biotechnological University

Assistant Professor. Marketing, Reputation Management and Customer Experience Department.


Abrham, J., Strielkowski, W., Vošta, M., & Šlajs, J. (2015) Factors that influence the competitiveness of Czech rural small and medium enterprises. Agricultural Economics-Zemedelska Ekonomika, 61(10), 450-460. DOI: 10.17221/63/2015-AGRICECON Factors affecting the competitiveness of Czech rural SMEs.

Analysis of the state of socio-economic development of the regions and the city of Kiev for January-September 2021. Retrieved from

Andrei, J. V., & Ungureanu, A. (2014). The importance of the economic structure of development in moving the disposal from an agrarian economy to competitiveness in a romanian economy. The Economics of Harm, 61(4).

Chugunov, I. Ya., Pavelko, A. V., & Kaneva, T. V. (2015). State financial regulation of economic transformations. Kyiv: Kiev. nats. torg.-ekon. un-t. Retrieved from Access: November 01, 2021. [in Ukrainian].

Competitiveness Ranking: MIM represents Ukraine in the IMD survey. August 02, 2021 Retrieved from Access: November 01, 2021. [in Ukrainian].

Decree of the Cabinet of Ministers of Ukraine "On approval of the Procedure and Methods for monitoring and evaluating the effectiveness of the implementation of the state regional policy" dated October 21, 2015 No. 856.

Decree of the Cabinet of Ministers of Ukraine On approval of the National Economic Strategy for the period up to 2030 dated 03.03.2021 No. 179. Retrieved from ua/npas/pro-zatverdzhennya-nacionalnoyi-eko-a179. Access: November 01, 2021. [in Ukrainian].

Dernova, I. A., Borovik, T. M., & Kravchenko, L. V. (2020). Global measurement of Ukraine's competitiveness. World economy and international economic relations, 42, 29-34 [in Ukrainian].

Dernova, I. A., Borovik, T. M., & Kravchenko., L. V. (2020). Global measurement of Ukraine's competitiveness. World economy and international economic relations, 42, 29-34 [in Ukrainian].

Dreval, Yu., Loboichenko, V., Malko, O., Morozov, A., Zaika, S., Kis, V. (2020). The Problem of Comprehensive Analysis of Organic Agriculture as a Factor of Environmental Safety. Environmental and Climate Technologies, 24(1), 58–71. DOI:

Garan, O. (2018). Modern state of understanding of state regulation of competition in Ukraine. Bulletin of the Odessa National University. 23, Vip. 2 (33), 45–55. (Seriya «Pravoznavstvo»). DOI: [in Ukrainian].

Gudzinskiy, O. D., Sudomir, S. M., & Gurenko, T. O. (2010). Management of the formation of the competitive potential of enterprises (theoretical and methodological aspect): monograph. M.: IPK GSZU [in Ukrainian].

Gusakov, V. G., & Shpak, A. P. (2018). High-priority guidelines for growing efficiency, competitiveness and stability agrarian sector development in the Republic of Belarus. Procedures of the National Academy of Sciences of Belarus, Agrarians, 4, 401-409.

Holovchuk, Y., & Pchelianska, G. (2020). Strategies for the formation of special factors associated with competition based on innovation development paradigm. Ekonomika ta derzhava, 3, 66-70. DOI: 10.32702/2306-6806.2020.3.66 [in Ukrainian].

Humbatova, S., Hajiyev, N., Gasimov, R. K., & Tanriverdiyev, S. (2018). Interaction of Production Cost, Price and Labour Factors in Increase of Competitiveness in Agrarian Sector of Azerbaijan. Bulgarian Journal of Agricultural Science, 24(2018), 23-34.

Ivanova, D. G., Ivanova, О., & Sukhinin, S. A. (2018, May). Import substitution as a factor of increasing the competitiveness of regional agrarian systems. In International Scientific Conference" Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges"(CSSDRE 2018), 755-758. Atlantis Press.

Kuzmin, O. E., & Gorbal, N. I. (2004). Management of the international competitiveness of an enterprise (organization): textbook. allowance. Lvov: Publishing House of the National University "Lvov Polytechnic" [in Ukrainian].

Law of Ukraine “On State Support for Agriculture of Ukraine” (June 24, 2004). Retrieved from [in Ukrainian].

Melnik, K. M., Ptashnik, S. A. (2018). Competitive potential as a base. formation of competitiveness of agricultural enterprises. Scientific Bulletin of Kherson State University, 29(1), 170-173 [in Ukrainian].

Miniussi, A., Edoardo, P., Coti-Zelati, D. L. A. A. (2015). The contribution of innovation to the competitiveness of brasilian organic products. Published: Sep 1, DOI: 315.

Nakisko, O. V., & Danylenko, V. V. (2018). Analysis of the influence of market forces on the formation of a competitive environment of the food chain‖. Science and Education a New Dimension. Humanities and Social Sciences, 26, 27-30.

Puzhay-Chereda, A. M. (2016). Methods for diagnosing the competitiveness of the country and the industry. Scientific Bulletin of Kherson State University. Series Economic Sciences, 16(2), 89-94 [in Ukrainian].

Pylypenko, N., Klietsova, N., & Stoianenko, I. (2019). An empirical analysis of competitiveness factors of the region's agrarian sector. Baltic Journal of Economic Studies, 5(5), 128-135.

Radchenko, O., & Leontovych, S. (2021). Leadership of the state financial law and order in the fight against national medicine in Ukraine. Gesellschaftsrechtliche Transformationen von wirtschaftlichen Systemen in Den Zeiten der Neo-Industrialisierung. Korneev V., Pashchenik, Yu., Radchenko O., Kzhozhaisky A. and andere: Collective monograph. Verlag SWG imex GmbH, Nuremberg, Germany,. 7-16. Retrieved from

Radchenko, O., Tsvihun, I., Yasinetska, I., & Budniak, L. (2020). Financial Resource Balance of the agricultural Sector: Case of Ukraine. Independent Journal of Management & Production, 11(8), 615-625. DOI:

Radchenko, O., Vdovenko, N., Piven, A., Sinenok, I., & Voskobiinik, S. (2020). Institutional Environment for Financial Provision of Small Agricultural Business Entities of Ukraine. Independent Journal of Management & Production, 11(9), 2379-2402. DOI:

Radchenko, O., Semenyshena, N., Sadovska, I., Nahirska, K., & Pokotylska, N. (2020). Foresight Development Strategy of the Financial Capacity: Comparative Study of the Ukrainian Agricultural Sector. Engineering Economics, 31(2), 178–187. DOI:

Rohoznyi, S., Parasii-Verhunenko, I., Kutsyk, P., Biriuk, O., Kolesnikova, O., & Holovatska, S. (2021). Problem aspects of application by state enterprises of international standards of accounting and reporting in rental operations. Independent Journal of Management & Production, 12(6), S540–S559. DOI:

Savitska, S., Zaika, S., Svystun, L., Koval, L., & Haibura, Y. (2020). Investment Providing Sustainable Development of Rural Areas in Ukraine. Independent Journal of Management & Production, 11(8), 571-586. DOI:

Semenyshena, N., Radchenko, O., Zelenskyi, A., Khocha, N., & Pelekh, U. (2021). Development of the Institutional Accounting for the needs of Financial Regulation: Experience in the Agricultural Sector of Ukraine. Independent Journal of Management & Production, 12(6), S702-S720. DOI:

Shestakovskaya, T., Durglishvili, N., & Kushnir, S. (2018). Competitiveness of agrarian business in the context of maintenance of leadership positions on the market. In: Strielkowski, W. (ed.). Incidents from the 2nd International Conference on Social, Economic and Academic Practice (ICSEAL 2018), Teachings in Social Practice, Educational and Human Research, ol. 217, 177-184. DOI:10.2991/icseal-18.2018.26.

Tkachuk, G. Yu. (2012). Formation of the competitiveness of small agribusiness enterprises: current state and development prospects. Zhytomyr: ZhDTU [in Ukrainian].

Tsarenko, E. V. (2009). Methodological aspects of formation of competitive advantages of the industry. Investments: practice and experience, 3, 40-44 [in Ukrainian].

Ukraine Competitiveness Index. Retrieved from competitiveness-index [in Ukrainian].

Vdovenko, N. M., Varshavska, N. G., & Pavlenko, M. M. (2018). Ensuring the competitiveness of agricultural industries in terms of European integration. Scientific Bulletin of the National University of Life and Environmental Sciences of Ukraine. Series: Economics, agricultural management, business, 284, 204–211 [in Ukrainian].

Zaika, S., Hridin, O. Sievidova, I., & Mandych, O. (2020). Financial risks of broker's activity. Financial and Credit Activity-Problems of Theory and Practice, 2(33), 149-158. DOI:

Most read articles by the same author(s)

فروشگاه اینترنتی