Formulation of Development Strategies for Regional Agricultural Resource Potential: The Ukrainian Case

Nestor Shpak, Ihor Kulyniak, Maryana Gvozd, Jolita Vveinhardt and Natalia Horbal
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Nestor Shpak: Institute of Economics and Management, Lviv Polytechnic National University, 79013 Lviv, Ukraine
Ihor Kulyniak: Institute of Economics and Management, Lviv Polytechnic National University, 79013 Lviv, Ukraine
Maryana Gvozd: Institute of Economics and Management, Lviv Polytechnic National University, 79013 Lviv, Ukraine
Jolita Vveinhardt: Faculty of Applied Sciences, WSB University, 41-300 Dąbrowa Górnicza, Poland
Natalia Horbal: Institute of Economics and Management, Lviv Polytechnic National University, 79013 Lviv, Ukraine

Resources, 2021, vol. 10, issue 6, 1-30

Abstract: The agricultural sector is one of the leading ones in the economy of many countries, as it creates the basis for their economic growth. Every region in every country has its own unique sphere of social reproduction due to different resource potential, i.e., fertile soils, favourable climatic conditions, etc. Under such conditions, it is irrelevant to choose a single development path for this sector. Given these facts, the study formulates development strategies for regional agricultural development of the country. In particular, we grouped regions into clusters according to the level of development of crop production and stockbreeding potential, as well as investment attractiveness. The method of cluster analysis was used to group regions by the level of capacity development, whilst the matrix method was used to formulate a matrix for choice of the strategy to improve the agricultural potential of regions. On the basis of the conducted analysis, the 3D matrix for the choice of investment strategy of the regional agricultural development of the country depending on the level of development of crop production and stockbreeding potential and investment attractiveness was constructed.

Keywords: agriculture; region’s agricultural resource potential; strategy; cluster analysis; matrix method; crop production (search for similar items in EconPapers)
JEL-codes: Q1 Q2 Q3 Q4 Q5 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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