Attracting Direct Investments in the Regions of Ukraine and Their Impact on the Economic Development of the Transcarpathian Region

Abstract

The relevance of the paper is conditioned upon the need to study the direct investment market, which is the basis for the socio-economic development of the country and its regions. The purpose of the paper is to study the scale of attracted direct investment (share capital) in the regions of Ukraine and the distribution of direct investment by type of economic activity in the Transcarpathian region, as well as to determine their impact on the development of the Transcarpathian region. To achieve this purpose, the author applied methods of analysing statistical data, comparing and summarising the results obtained. The paper examines the state and scale of attracted direct investment (share capital) in Transcarpathia and Ukraine in general. It has been established that increasing the volume and improving the efficiency of attracted direct investment are becoming the main factors of economic development. The paper considers the sectors of the Transcarpathian economy where investment revenues are directed, as well as the dynamics of changes in direct investment receipts for 2017-2019. The significance of attracted direct investments in the industrial sector of the Transcarpathian region, the volume of which is more than 80% of the total number of direct investments for each of the studied years, was confirmed. The author suggests increasing the volume of direct investment in the recreational industry of the region. Therewith, based on the geographical location of the Transcarpathian region, the importance of focusing on cooperation with countries bordering the region to increase the volume of attracted direct investment in the region’s economy is substantiated. The results highlighted in the study show the importance of attracted direct investment for the development of the region’s economy and the opportunities for their growth in the future are being reproduced, which is the practical value of a paper

Keywords

• investment activity
• investment attractiveness
• socio-economic development
• regional development
• attracted investments