STATE REGULATION OF INVESTMENT ACTIVITY IN CONSTRUCTION SECTOR OF UKRAINE
Journal Title: Економічні інновації - Year 2018, Vol 20, Issue 2
Abstract
Topicality. The volumes of investments into the Ukrainian economy remain low due to the unfavorable investment climate, which is created due to imperfect legislative framework, undeveloped stock market and financial and credit system, strong tax pressure, inefficient use of depreciation, significant level of shadowing, and also low level of transformation of population savings in investments, uneven distribution of investments, both among priority, strategically important branches, and between regions of Ukraine. This leads to the conclusion about the need to improve the state regulation of investment activity in the construction sector of Ukraine, taking into account the experience of developed countries. Aim and tasks. The purpose of the article is to develop theoretical, methodological and practical applications, which should justify the implementation of state regulation of investment development of the construction industry on the basis of defining the general purpose in the form of activating sustainable innovation and investment development and strategic and tactical implementation measures with horizontal and vertical links types and taking into account the mutual influence of construction and other types of economic activity. Research results. The unsatisfactory situation in the country's construction industry is the result of serious system failures in the strategy of its development. The most pressing problem remains the development of a strategy that will greatly contribute to the intensification of sustainable innovation and investment development of the construction complex through the implementation of the following main development goals: ensuring a sufficiently high rate of economic development of the construction complex through efficient investment activities; stimulating the introduction of innovations and information technologies; improvement of approaches to state regulation of investment and construction processes. Measures to implement these main objectives are to increase the financial stability and solvency of the enterprises of the construction complex in the process of investment activity; an increase in the volume of finished construction products by defrosting unfinished objects; technological reorganization with the predominant use of combined production; increase of energy and economic efficiency; diversification of sources of financing of the industry; intensification of investment and construction processes in housing construction; development of public-private partnership. Conclusions. The proposed scientific principles of state regulation of investment activity in the Ukrainian construction industry make it possible to intensify investment processes in the construction sector and promote the development of a number of related industries and, as a consequence, strengthen the state economically.
Authors and Affiliations
GORAN KOZINA, K. L. FROLINA
Keywords
Related Articles
- EP ID EP479965
- DOI 10.31520/ei.2018.20.2(67).37-47
- Views 97
- Downloads 0
SYSTEMATIZATION OF DEFINITIONS OF THE CONCEPT OF "CAPITALIZATION"
The article analyzes different points of view on the concept of "capitalization". First of all, capitalization is seen as a process - the transformation of resources into a value that brings added value; transformation o...
IMPLEMENTATION THE MECHANISM OF ECOLOGIZATION OF THE UKRAINIAN INNOVATION ACTIVITY: STATE AND REGIONAL DIMENSION OF DEVELOPMENT
The article presents the results of Ukraine for part of the Global Innovation Competitiveness Index. The analysis of the current state of innovative development of regions is carried out. The study notes that in Ukraine,...
MARKETING INSTRUMENTS FOR ENVIRONMENTAL DEVELOPMENT AGRICULTURAL TOURISM
Topicality. The article covers the issues of implementation of marketing tools for the development of the ecological direction of rural tourism. Tourism development can become a "catalyst" for economic growth in rural ar...
TECHNOLOGY BLOKCHEIN IN THE FIELD OF FINANCIAL SERVICES OF THE ENTERPRISE
The article deals with the main approaches to the technology of blockade management of financial flows between enterprises and between the state and enterprises. Ukraine's entry into the global information space and the...
DIRECTIONS OF THE BALANCED DEVELOPMENT OF THE UKRAINIAN TRANSPORT SYSTEM IN CONDITIONS OF THE MARKET OF TRANSPORT SERVICES GLOBALIZATION
Topicality. The relevance of a problem of development of world economic communications, an advantageous geopolitical position of Ukraine which is on crossing of the major trade ways reveals economic prerequisites and reg...