Investment capacity of territorial communities: nature of the concept and management issues
Journal Title: Регіональна Економіка - Year 2017, Vol 84, Issue 2
Abstract
Analysis of scientific approaches to interpretation of investment capacity is conducted. Definition of the term «investment capacity of territorial community» is suggested. Special attention is paid to its specific features – concrete territorial context and dependence on peculiarities of local natural, social, economic and other factors and on the efficiency and adequacy of territorial management bodies’ activity directed at the use of community’s investment capacity. The structure of territorial community’s investment capacity is examined and its major components are outlined: natural conditions and resources, raw materials base, human resources, economic base, financial resources, investment climate and scientific, technological, innovative, institutional, infrastructural and management maintenance. The problems of forming and exploitation of territorial communities’ investment capacity are emphasized. Low management capacity and promotion activity of local governing bodies, absence of efficient incentives for investors and poor quality of local development programs are among them. The scheme of investment capacity management mechanism at the level of territorial community is suggested in order to outline the directions of management influences of local governing bodies on implementation of territorial communities’ investment capacity.
Authors and Affiliations
Petro V. Zhuk, Zenoviy O. Siryk
Keywords
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