Development of Government Regulation on Investment Activities in Agriculture of Ukraine

Sviatoslav Kniaz, Nazar Podolchak, Yurii Dziurakh, Veronika Karkovska and Anatolii Kucher ()

Economic Studies journal, 2023, issue 2, 136-150

Abstract: The purpose of this study is to determine the main factors of state regulation that affect the efficiency of investment activities in agriculture of Ukraine. It is proved that the weakness of state regulation of investment activity in agriculture is the lack of a balanced long-term policy of economic development, which turns Ukraine into an agrarian state. The balance of payments deficit has been covered in recent years (2015–2019) due to exports of low value-added agricultural raw materials. Taking into account the fact that the world food market is constantly growing shortage of quality products, Ukraine has prospects to become a developed agro-industrial country in terms of stimulating investment in the processing of agricultural raw materials. Methodological tools for assessing the impact of government action on key indicators of investment activity in the agricultural sector of Ukraine have been developed. The level of impact of the effectiveness of state regulation with the use of such tools as financing of investment management bodies and financial incentives for investment development is the highest compared to the effectiveness of other instruments of state regulation. Rising government spending on investment management and financial assistance to farmers has a positive impact on the dynamics of return on investment in agriculture. The practical value of the developed methodological tools lies in the possibility of their use by managers of agricultural enterprises to forecast their condition, taking into account the influence of factors of state regulation related to ensuring the efficiency of investment activities in the agriculture of Ukraine. Given that forecasting is reduced to one resulting parameter, the proposed toolkit is easy to use. It should be used to justify regulatory decisions, in particular, on investment processes in agriculture.

JEL-codes: H70 Q10 Q14 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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