1. bookVolume 44 (2022): Edition 2 (June 2022)
Détails du magazine
License
Format
Magazine
eISSN
2353-8414
Première parution
30 Mar 2015
Périodicité
4 fois par an
Langues
Anglais
access type Accès libre

Innovative Determinants of the Investment Attractiveness of a Country: The Case of Ukraine

Publié en ligne: 23 Jul 2022
Volume & Edition: Volume 44 (2022) - Edition 2 (June 2022)
Pages: 21 - 40
Détails du magazine
License
Format
Magazine
eISSN
2353-8414
Première parution
30 Mar 2015
Périodicité
4 fois par an
Langues
Anglais
Abstract

The study is devoted to the peculiarities of the investment attractiveness of a country in conditions of uncertainty. The article generalises the scientific approaches to the definition of investment attractiveness. The authors summarise the results of the international ranking of countries by the level of investment attractiveness and define the important role of innovation in ensuring a favourable investment climate. The article considers the peculiarities of the formation of investment attractiveness in Ukraine and summarises the priorities for the implementation of an innovation strategy, which will contribute to the possibility of post-crisis recovery. A promising area of further research is the evaluation of the effectiveness of Ukraine’s international partnership for the implementation of joint innovation projects in the direction of Industry 4.0.

Keywords

JEL Classification

1. Birnleitner, H. (2014). Attractiveness of countries for foreign direct investments from the macro-economic perspective. Proceedings of FIKUSZ ‘14 Symposium for Young Researchers, pp. 29–40. Budapest, Hungary. Search in Google Scholar

2. Bulkot, O. (2020). Method of analysis of international attractiveness of the investment environment of the country. Black Sea Economic Studies, 54, 16–22. Search in Google Scholar

3. Chaika, K. (2019). Comparative analysis of the representativeness of foreign investment ratings. Problems and Prospects of Economics and Management, 4(20), 105–110.10.25140/2411-5215-2019-4(20)-105-110 Search in Google Scholar

4. Churuta, I. (2018). Investment ratings and their impact on investment country image. Herald of Economics, 3, 70–78. Search in Google Scholar

5. Crawford, V. (2019). 7 ways business can be agents for peace. World Economic Forum. Retrieved from https://www.weforum.org/agenda/2019/05/7-ways-business-can-be-agents-for-peace/. Search in Google Scholar

6. Dlihach, A. (2022). Ukraine of the future — A view from 2030. Ukrainian Pravda, 2022, March 24. Retrieved from https://www.epravda.com.ua/columns/2022/03/24/684560/ Search in Google Scholar

7. Dobrova, N., & Sydorenko, O. (2018). Investment attractiveness of Ukrainian regions as a fundamental for sustainable economic development of the country. Scientific Bulletin of Odessa National Economic University, 5(257), 51–66. Search in Google Scholar

8. Dulles, E. (1942). War and investment opportunities: An historical analysis. The American Economic Review, 32(1), Part 2, Supplement, Papers and Proceedings of the Fifty-fourth Annual Meeting of the American Economic Association (1942, March), 112–128, Retrieved from https://www.jstor.org/stable/1815102. Search in Google Scholar

9. Edelsten, S. (2022). Investing in a time of war. Financial Times, 2022, March 2. Retrieved from https://www.ft.com/content/8962af33-1a6e-476d-b53d-904626dc9de3 Search in Google Scholar

10. Ernst, U. (2002). Investment and competitiveness: A strategic management perspective for Ukraine. OECD-Ukraine Forum. Ukraine: Kyiv, 2002, February 21–22, 9. Retrieved from https://www.oecd.org/investment/investmentfordevelopment/1833042.pdf Search in Google Scholar

11. Evaluation Approaches. Mechanism of Economic Regulation, 4, 119–128. Retrieved from https://mer.fem.sumdu.edu.ua/content/acticles/issue_43/Oleksii_V_Lyulyov_Bogdan_A_MoskalenkoAssessment_of_Country_Investment_Attractiveness_Evaluation_Approaches.pdf Search in Google Scholar

12. FastCompany (2021). The world’s most innovative companies. Retrieved from https://www.fastcompany.com/90603436/the-worlds-most-innovative-companies-2021 Search in Google Scholar

13. Fedulova, L. (2020). Ukrainian innovative development: problems and paradoxes. University Economic Bulletin, 44, 42–49.10.31470/2306-546X-2020-44-42-49 Search in Google Scholar

14. Fernández, A., Schmitt-Grohé, S., & Uribe, M. (2016). World shocks, world prices, and business cycles: an empirical investigation. USA: National Bureau of Economic Research (28p). Retrieved from https://www.nber.org/system/files/working_papers/w22833/w22833.pdf. Search in Google Scholar

15. Furdychko, L., & Pikhotska, O. (2018). Adverse influence of investment climate on investment attractiveness of Ukraine. Financial and Credit Activity: Problems of Theory and Practice, 3(26), 281–291.10.18371/fcaptp.v3i26.143867 Search in Google Scholar

16. Geleverya, Y. M., & Serhiienko, Y. I. (2020). The investment attractiveness of regions as the basis of the country’s sustainable development. Business Inform, 4, 112–117.10.32983/2222-4459-2020-4-111-117 Search in Google Scholar

17. Global Foreign Direct Investment Country Attractiveness Index 2020. Retrieved from http://www.fdiattractiveness.com/ranking-2020/. Search in Google Scholar

18. Horna, M., Ishchuk, & Khalilova, T. (2017). Conditions and factors of formation of investment attractiveness of the countries of Eastern Europe. International Economic Policy, 2(27), 137–155. Retrieved from https://core.ac.uk/download/pdf/197266227.pdf. Search in Google Scholar

19. Hrytsaienko, H., & Hrytsaienko, M. (2017). Investment attractiveness of Ukraine. Agricultural and Resource Economics, 3(1), 80–93. Search in Google Scholar

20. Husarova, M. (2017). The impact of “hard” and “soft” factors of competitiveness in the investment attractiveness of the country. Economic bulletin of Zaporizhzhia State Engineering Academy, 1–2(7), 47–50. Search in Google Scholar

21. Khaietska, O. (2020). Ways to increase the international investment attractiveness of Ukraine. Economics, Finance, Management: Current Issues of Science and Practice, 3, 114–130.10.37128/2411-4413-2020-3-9 Search in Google Scholar

22. Konakova, E. (2017). Factors of influence on investment attractiveness of Ukraine. Problems and Prospects of Economics and Management, 4(12), 34–41. Search in Google Scholar

23. Kukharuk, A., Skorobogatova, N., & Pyshnograiev, I. (2017). Identifying the relationships between the level of countries’ economic development and innovation activity. Marketing and Management of Innovations, 4, 301–314.10.21272/mmi.2017.4-27 Search in Google Scholar

24. Kuzmenko, O., & Kasaeva, J. (2019). Research into the role of information technologies in ensuring the investment attractiveness and socio-economic development of the country. Investments: Practice and Experience, 16, 5–15.10.32702/2306-6814.2019.16.5 Search in Google Scholar

25. Lyulyov, O., & Moskalenko, B. (2019). Assessment of country investment attractiveness evaluation approaches. Mechanism of Economic Regulation, 4, 119–128. Search in Google Scholar

26. Maslak O., & Talover, V. (2016). Complex assessment of country’s investment attractiveness. Economic Forum, 3, 51–59. Search in Google Scholar

27. Minfin Media (2022). Foreign direct investment (FDI) in Ukraine. Retrieved from https://index.minfin.com.ua/ua/economy/fdi/ Search in Google Scholar

28. Moore, R. (2021). Emerging from war: Public policy and patterns of foreign direct investment recovery in postwar environments. Journal of International Business Policy, 4, 455–475. Retrieved from https://link.springer.com/content/pdf/10.1057/s42214-020-00084-4.pdf10.1057/s42214-020-00084-4 Search in Google Scholar

29. Provolotska, O., Voloshina, S., & Hura, O. (2018). The place of Ukraine in world rankings as an indicator of its investment attractiveness. Problems of the Economy, 1(35), 108–114. Search in Google Scholar

30. Rzaev, G. I., & Vakulova, V. O. (2016). Methods of assessing investment attractiveness at country level and prospects for their use in economic analysis. Bulletin of Khmelnytsky National University, 3(1), 137–143. Search in Google Scholar

31. Shemaeva, L. (2019). Development of public-private partnership in measuring Ukraine’s indicators in global rankings. Problems of the Economy, 2, 81–88. Retrieved from https://www.problecon.com/export_pdf/problems-of-economy-2019-2_0-pages-81_88.pdf. Search in Google Scholar

32. Strategy of development of the sphere of innovation activity for the period up to 2030. Document 526–2019-p. Adoption on July 10, 2019. Ukraine: Cabinet of Ministers of Ukraine. Retrieved from https://zakon.rada.gov.ua/laws/show/en/526-2019-%D1%80#n12. Search in Google Scholar

33. Tarabukina, O. (2010). Investment attractiveness of the territory as a motivating factor of investment activity. Investments: Practice and Experience, 12, 8–11. Search in Google Scholar

34. Tocar, S. (2018). Determinants of foreign direct investment: a review. Review of Economic & Business Studies, 11(1), 165–196.10.1515/rebs-2018-0069 Search in Google Scholar

35. Tolstov, V., & Tsybulskyi, L. (2014). Approaches to assessing the attractiveness of countries and regions for investment formation and business climate. Scientific and Technical Information, 3, 13–19. Search in Google Scholar

36. Usov, M. (2018). The essence of investment attractiveness, as a way of attracting investment resources. Efektyvna ekonomika, 8. Retrieved from http://www.economy.nayka.com.ua/pdf/8_2018/153.pdf. Search in Google Scholar

37. Vasil’ev, S., & Ivanchenco, N. (2016). Factors and directions of improvement of investment attractiveness of agricultural production. Investments: Practice and Experience, 9, 46–49. Search in Google Scholar

38. Voitko, S., & Shatkovsky, A. V. (2013). Indicative approach to assessing investment attractiveness of countries: The sphere of renewable energy. Business Inform, 7, 141–148. Search in Google Scholar

39. Vydobora, V. (2018). Ways of improving investment attractiveness of Ukraine in conditions of socio-economic uncertainty. Scientific Bulletin [Odessa National Economic University], 2, 57–66. Search in Google Scholar

40. Yelnikov?, Yu. (2020). Ranking of the Ukraine regions by the level of responsible investments attractiveness. Investments: Practice and Experience, 17–18, 63–68.10.32702/2306-6814.2020.17-18.63 Search in Google Scholar

41. Yemets, O., & Voloshynovych, Kh. (2016). The investment attractiveness of regions under economic globalization. Eastern Europe: Economy, Business and Management, 4(4), 132–137. Search in Google Scholar

42. Yerina, A., & Paliian, Z. (2010). Statistics (351 p). Kyiv, Ukraine: KNEU. Search in Google Scholar

Articles recommandés par Trend MD

Planifiez votre conférence à distance avec Sciendo