The Impact of TNCs' Technological Resources on Ukrainian Industrial Investment Processes

Olena Salikhova and Halyna Bak
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Olena Salikhova: Public Institution "Institute for Economics and Forecasting, Ukrainian NAS", Kyiv
Halyna Bak: Public Institution "Institute for Economics and Forecasting, Ukrainian NAS", Kyiv

Ukrainian Journal Ekonomist, 2014, issue 10, 35-38

Abstract: Based on the author's methodological approach ТNCs' technological resources impact on innovative investment processes in industry of Ukraine is identified. It is based on economic-mathematical methods of modelling and author's parameters system, including foreign direct investments, royalty, imports of capital and goods. The key determinants of innovative development of Ukrainian industry and investment processes are identified, which allowed to set the most effective channels for attracting foreign technology and to create scientific recommendations for strengthening benefit for national economy from using foreign technology. To determine the leverage of dynamics in modernization processes of domestic industry, we have at first developed a methodical 6-stage approach that allows us to construct an "input-output" model of innovative and investment processes in Ukrainian industry. The results and conclusions allow us to assert that attracting TNCs' technological resources into the economy of Ukraine has a positive impact both on innovative and investment processes of industry as well as on their effectiveness. Greenfield projects value indicator (greenfield_FDI_pr_value), though not included in any mathematical models because of low correlation coefficients, is recognized as the most effective channel for technology transfer to the national economy in a way of foreign direct investment. It is important though, since it indicates the relationship between funding of innovations and investment in industry, which itself is a positive trend.

Date: 2014
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