INSTITUTIONAL PROVISION INVESTMENT INSTRUMENTS OF PUBLIC ADMINISTRATION REGIONAL DEVELOPMENT

Journal Title: Економічні інновації - Year 2017, Vol 1, Issue 65

Abstract

During the years of independence in Ukraine, a certain set of investment instruments of state governance for regional development has been created: state and regional target programs, regional development agreements, agreements on implementation of interregional projects, programs for overcoming the state of depression, the State Fund for Regional Development (DFRD), and others. However, their level of performance is quite low.Notwithstanding the provisions of the State Strategy for Regional Development for the period up to 2020, regional development agreements and programs to overcome the state of depression of the territory are not implemented at all. The use of the DFRR in the "manual mode" reduces the role of the fund in solving the tasks of regional policy of the state.One of the main investment instruments of state governance for regional development are regional target programs. The analysis of target programs of the Odesa Oblast, which operated in 2015, showed that most of them did not meet the priorities of the economic and social development strategy of the Odessa region and (or) have other defects.Agreements on the implementation of interregional projects, the implementation of which contributes to the improvement of socio-economic development of two or more regions, have not been used at all. The same situation with regard to programs to overcome the state of depression of the territory.The inadequate institutional support of the DFRD leads to its underfunding, non-compliance with the rules for distributing its funds between regions, and non-compliance with the priorities of regional development.The article proposes: to return the practice of using agreements on regional development as a mechanism for coordinating the interests of central executive and local self-government bodies in relation to the implementation of strategic tasks of regional development; based on the principle of subsidiarity, delegate to the regional level the authority to develop programs to overcome the state of depression of the territory; to implement methodological recommendations for the evaluation of regional target programs.

Authors and Affiliations

V. F. Goriachuk, D. F Dukov

Keywords

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  • EP ID EP323248
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How To Cite

V. F. Goriachuk, D. F Dukov (2017). INSTITUTIONAL PROVISION INVESTMENT INSTRUMENTS OF PUBLIC ADMINISTRATION REGIONAL DEVELOPMENT. Економічні інновації, 1(65), 47-55. https://europub.co.uk/articles/-A-323248