Title: Determinants of investment sphere development in the context of the modern economic paradigm
Abstract: The aim of the article is to illuminate the modern paradigm of the globalization economic environment,
which shows the gradual end of the decade of “crisis-free” growth of the world economy and, accordingly, the
nearing to the next global economic crisis; to cover the importance of attracting investment and implementing a
specific national industrial policy as one of the key factors of development; to outline the problems of prevention, forecasting and analysis of risks arising in the investment sphere in the context of providing conditions for sustainable
development of the Ukrainian economy. The subject of the study is: the monitoring of investment sector indicators
that determine the potential of economic development and provide an analytical assessment of the risks posed
in the investment sphere in the context of ensuring the conditions of sustainable development of the Ukrainian
economy. Methodology. The article uses the complex approach with the application of methods of simulation and
econometric modeling for analytical estimation of gross fixed capital formation as a key investment indicator in the
current economic conditions of Ukraine. Results. The conducted study clearly demonstrates not only the presence
but also the obvious deepening of the imbalance between the current state of attracting foreign investments and
actual needs in technological and physical renewal of the production sphere. The consequence is a real threat of loss
of potential for economic development. Some measures have been identified to improve the investment climate,
and the key ones are the provision of state support for reforming the Ukrainian economy in terms of improving the
investment climate and stimulating the innovative potential of entrepreneurial activity. The practical implications
of this study are to identify the lack of innovation strategy, which deepens Ukraine’s technological backwardness
compared to developed countries in general, and the EU countries, in particular, and keeps the inefficient and
destructive natural-production base of Ukrainian economy. Value/originality. This research was carried out within
the framework of the implementation of a scientific paper of the Department of Theoretical and Applied Economics
of National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute (No. 0112U007817) on the topic:
“Globalization of industrial capacity formation trends in the terms of post-industrial transformation”.
Publication Year: 2019
Publication Date: 2019-12-01
Language: en
Type: article
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