INSTITUTIONAL FACTORS OF INVESTMENT ACTIVITIES IMPROVING IN THE NATIONAL ECONOMY UNDER THE TERMS OF DECENTRALIZATION
Journal Title: Економічні інновації - Year 2017, Vol 1, Issue 65
Abstract
The article defines the factors of institutional support for the stimulating of investment activity in the Ukrainian economy under the influence of decentralization reform. The analyzed tendencies of falling volumes of foreign investments indicate poor performance of the applied measures of activation of investment processes in the national economy. The main causes of failure of investment activities are determined, among which the key role is played by the imperfection of the existing institutional support, because of its non-compliance with the real needs of the productive forces. It is established that in modern conditions when decentralization reform is being implemented, territorial communities become a key element in the implementation of investment activity regulators. It is stated that inconsistency of the informal and formal components of the institutional provision of investment development of territorial communities appears in the legislative mismatch with the real rules and conditions of the business entities, the excessive negative influence of informal institutions and the lack of subordinate acts that would ensure the implementation of strategic institutional tasks of investment development. The proposed conceptual idea of investment activity regulation is to join measures of institutional support of development on the national and basic levels. The legislative rules that establish general principles for the maintaining of investment activities and for the forming of united communities are to be supported with specific regulators that are to stimulate inter-communities cooperation and create appropriate business climate in basic territorial formations. The measures of the institutional support improving are proposed and their activity is to be realized on the levels of national economy and territorial communities with the help of tools of economic, informational, financial, marketing and other types of stimulation with the use of vertical and horizontal types of interaction of economic entities in the territorial communities. The main emphasis is made on measures of local incentives in territorial communities support, for instance: regional marketing tools are aimed on the creation of investment brand of the territory, informational tools consist of creation of local information bases and passports of investment abilities of the territories. The task for further research in this direction and for their practical implementation is the development of measures and mechanisms for the cooperation stimulating of community representatives in order to form their own ability to influence the state of the investment climate of the community.
Authors and Affiliations
O. I. Laiko, V. O. Chabarov, A. M. Araftenii
Keywords
Related Articles
- EP ID EP327431
- DOI -
- Views 117
- Downloads 0
INSTITUTIONAL BASIS OF STATE MANAGEMENT IMPROVING TOURISM DEVELOPMENT IN CONNЕCTION WITH PROPERTY REALIZATION ON NATURAL RESOURCES
This publication is defined institutional framework for development of tourism state management and recreational activities on the basis of property relations on natural resources. Public administration institutions of t...
TOURIST DESTINATIONS AS A CATALYST OF SUSTAINABLE DEVELOPMENT OF TERRITORIAL COMMUNITIES IN UKRAINE
Topicality. Establishing and increasing economic and social stability, financial resilience and environmental security are particularly relevant and important issues of Ukraine development, that’s why we need a comprehen...
PROBLEM QUESTIONS IN THE METHODOLOGICAL PROVISION OF THE LOCAL MARKETS OF HOUSING AND COMMUNAL HOUSEHOLDS IN UKRAINE
Topicality. The urgency of the problem of stimulating the development of local markets of housing and communal services today is growing due to the need for additional resources involved in the socio-economic development...
ACCOUNTING OF THE FREQUENCY MARKET OPERATION ASYMMETRY
The processes taking place in the market of freight transportation, the possibility of their consideration when constructing supply chains have been analyzed in the article. Proposed levels of commodity flows management,...
MODERN TOOLS FOR THE ENSURING OF THE NATIONAL MODEL OF THE «GREEN» ECONOMY ECO DEVELOPMENT
Topicality. The dominance in the national economy of resource-intensive multifield technologies and the lack of a sound public policy governing the formation, accumulation, storage, recycling, disposal and disposal of wa...