Modeling Efficient Process of the State Regulation of Attracting Foreign Direct Investment in the Maintenance of Metallurgical Industry Sector of Ukraine

Journal Title: Бізнес Інформ - Year 2016, Vol 1, Issue

Abstract

The article is concerned with building a model of efficient process of the State regulation of attracting foreign direct investment (FDI) in the maintenance of metallurgical industry sector of Ukraine, taking into account stochasticity of the parameters of innovation processes. On researching the relationship between the international investment position and the number of patent applications in the countries of Central and Eastern Europe, it has been determined that an inflow of investments is not conducive to holding of the newest scientific developments, which are confirmed by the patents. Studying the relationships between international investment position and the volume of provisions for research and advanced development in the countries of Central and Eastern Europe, provided to disprove the hypothesis on the impact of the FDI attracted on the volume of provisions for research and advanced development. In order to study the impact of FDI on innovation component of economic development, impact of international investment position on the share of the enterprises, which are implementing innovations, has been researched. According to empirical studies, growth of direct foreign investment activities will not affect innovation activity. However, the relationship of foreign investment and financing the costs for carrying out scientific and scientific-technical works in the metallurgical industry sector does have a polynomial dependence. The carried out studies provide for conclusion that uncontrolled and non-systematized inflow of foreign pseudo efficient investment in Ukraine could pose a threat to the country's economic development.

Authors and Affiliations

Anastasia Tatarulyeva

Keywords

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  • EP ID EP117762
  • DOI -
  • Views 71
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How To Cite

Anastasia Tatarulyeva (2016). Modeling Efficient Process of the State Regulation of Attracting Foreign Direct Investment in the Maintenance of Metallurgical Industry Sector of Ukraine. Бізнес Інформ, 1(), 95-100. https://europub.co.uk/articles/-A-117762