ANALYSIS OF CAPITAL INVESTMENT DYNAMICS IN UKRAINE

2017 ◽  
Author(s):  
Petro Viblyi ◽  
◽  
Roksolana Skip ◽  
Keyword(s):  
Capital Investment ◽  
The State ◽  
Fundamental Parameter ◽  
Capital Investments ◽  
Tangible Assets ◽  
Reproduction Process ◽  
State And Local ◽  
Social Product ◽  
Time Required ◽  
Investment Process

Capital investment plays an important role in ensuring sustainable economic growth. After all, they are a fundamental parameter of the reproduction process, which determines the possibilities of sustainable and long-term economic and social development of the country. The article is devoted to the analysis of the essence and main trends of capital investments in Ukraine, which play an important role in the development of Ukrainian enterprises, individual industries and the economy as a whole. The investment process occupies a leading place in the reproduction of the social product. The article analyzes capital investments by types of assets, considers their dynamics, in the course of this study it was found that more than 95% of capital investments are tangible assets. That is why special attention was paid to the study of capital investment in tangible assets. It is revealed what factors and phenomena influence the volume of capital investments in different types of assets, the tendencies of changes are analyzed. According to the results of the analysis, it was determined that the dynamics during 2010-2019 was positive, but the volume of capital investment is insufficient to ensure the normal development of economic processes. An analysis of the issue of sources of financing of capital investments was carried out, as a result of which it was found that the main source of financing of capital investments is the own funds of enterprises and organizations, and the share of all domestic investments is over 97%. This phenomenon is negative and indicates the reluctance of foreign investors to pursue investment policy in Ukraine, the reasons for this are also disclosed in the article, as well as proposed measures that will improve investment attractiveness. The volume of capital investments from the state (funds of the state and local budgets) has been changed, and the factors that influenced these changes have been considered. It also looked at how capital investment has changed in 2020 due to the Covid-19 pandemic, and which industries have suffered the most from underfunding. The article makes assumptions about the time required to return to the volume of capital investment at the level of 2019.

scholarly journals THE INFLUENCE OF FINANCIAL DECENTRALIZATION ON INVESTMENT PROCESSES IN THE DNIPROPETROVSK REGION

2021 ◽  
Author(s):  
Rostyslav Kiriukhin ◽  
Keyword(s):  
Capital Investment ◽  
Positive Impact ◽  
The State ◽  
Capital Investments ◽  
Investment Activity ◽  
Investment Financing ◽  
Territorial Structure ◽  
State And Local ◽  
The Government ◽  
The Impact

Against the background of global transformations and imperatives, it has been considered that countries need to find and form effective public administration strategies. In these circumstances, Ukraine is reforming decentralization in order to optimize the activities of the state apparatus through changes in the administrative-territorial structure and redistribution of powers between central and local authorities. The main tasks for the government are to find effective mechanisms for decentralization strategy and assess their impact on the development of individual territories within the country. The impact of financial decentralization on investment processes in the Dnipropetrovsk region has been analyzed in this article. The stages of decentralization in Ukraine have been considered and the main achievements and tasks of each of them have been highlighted. The regulatory framework, which is the foundation of decentralization reforms in Ukraine, has been described. Indicators of development of united territorial communities (UTC) in Dnipropetrovsk region and Ukraine on the basis of comparative analysis have been considered. Conclusions are made about the leadership of the Dnipropetrovsk region from the results of reforms. The dynamics of revenues and expenditures of local budgets of the Dnipropetrovsk region for the period 2014-2019, as well as the change in the amount of funds by accounts have been analyzed. It has been concluded that there is a surplus and budget deficit in the specified period. The dynamics of capital investments of the Dnipropetrovsk region for the period 2014-2019 has been given and the structure of their financing at the expense of the state and local budgets has been analyzed. Conclusions are made regarding the positive impact of financial decentralization on investment processes in the Dnipropetrovsk region. According to the analysis of financial decentralization of the Dnipropetrovsk region, the reforms led to an increase in local budgets and capital investments, an increase in the share of capital investment financing from the state and local budgets, and led the region to leadership in a number of UTC indicators. Thus, it can be argued that decentralization has had a positive impact on the Dnipropetrovsk region and contributed to the strengthening of its socio-economic processes and investment activity.

STATISTICAL OVERVIEW OF CAPITAL INVESTMENTS TRENDS OF STATE STIVIDOR COMPANIES OF UKRAINE

2018 ◽  
Author(s):  
Liudmyla Chyzh ◽  
◽  
Svitlana Oneshko ◽  
Ihor Moroz ◽  
◽  
...  
Keyword(s):  
The State ◽  
Foreign Bank ◽  
Bank Loans ◽  
Alternative Methods ◽  
General Tendency ◽  
Capital Investments ◽  
Investment Activity ◽  
Fixed Assets ◽  
State And Local ◽  
Capital Construction

The research analyzes capital investments of state-owned stevedoring companies using statistical methods of relative and average values and indices. It has been established that the current trends in the port industry of Ukraine indicate insufficient capital investments, inconsistency of actual indicators with planned ones, and the lack of external financing. Against the general tendency of profitability deterioration of state-owned stevedoring companies and the decrease of their marketshare of port services vs the increase of privately-owned stevedoring companies, the importance of competitiveness strengthening is increasing namely through the availability of sufficient fixed assets in the form of portal cranes and a port fleet. The tendencies of the indicator "capital investments" for the state stevedoring companies of Ukraine has been determined. The analysis has demonstrated the existence of a stable trend of a capital investments decrease of almost all companies, which is very typical for most of the analyzed companies and is associated with the lack of: investment activity, executing capital investments and expanding production capacities. In addition to the above, all capital investments are financed with own assets, without using alternative methods of financing, such as funds from the state and local budgets, national and foreign bank loans. The most actively implemented type of the capital investments is modernization, modification (restructuring, additional equipment, reconstruction) of existing fixed assets. The least popular types are capital construction and major repairs. It is proposed to determine the relationship between the tendencies of capital investments in fixed assets and the increase in investment activity by the application of the ratio of the average annual growth rates of capital investments in fixed assets divided by the indicator of their efficiency (profitability of fixed assets), calculated as the ratio of net profit to the average annual cost of fixed assets. It is recommended to use factor analysis using classical methods of deterministic analysis, as well as simulation modelling, for more detailed analysis of capital investments in fixed assets.

scholarly journals Russian capital investment dynamics as an economic transformation factor

2019 ◽  
Vol 89 (10) ◽  
pp. 981-992
Author(s):  
Aleksey V. Alekseev ◽  
Natalia N. Kuznetsova
Keyword(s):  
Global Economy ◽  
Capital Investment ◽  
Large Scale ◽  
Economic Transformation ◽  
Capital Investments ◽  
Economic Activities ◽  
Investment Projects ◽  
Use Of Resources ◽  
Investment Process

By comparing Russian and American capital investment programs according to gross and per capita indexes, this article analyzes capital investments long-term dynamics in economic activities in general and manufacturing in particular. Results showed that Russian economic growths quality, determined by its 2000 capital investment structure did not correspond with the national economys long-term development aims. Moreover, investment activitys current fading appears consequent to that periods inappropriate investment politics. The existing Russian investment system aims to incorporate its economy into the global economy as a supplier of natural and, partly, agricultural resources, thus dooming manufacturing to stagnation at best. The authors reveal that activation of industrial politics, established on a fundamental power-of-the-state approach in the investment process, based on long-term strategic interests and the potential of market forces (namely, efficiency use of resources) allows launching large-scale investment projects to provide favorable conditions for creating an innovative national economy.

BUDGET INVESTMENTS IN UKRAINE: PRIORITIES AND TRENDS

2017 ◽  
Author(s):  
Natalya Yaroshevych ◽  
◽  
Andriy Yakymiv ◽  
Keyword(s):  
The State ◽  
Transport Infrastructure ◽  
Capital Expenditures ◽  
Development Projects ◽  
Capital Investments ◽  
State Budget ◽  
Investment Projects ◽  
State Management ◽  
State And Local ◽  
Budget System

The article investigates the priorities of budget investment and trends in the distribution of capital expenditures among the budgetary system levels in Ukraine during 2010-2019 period. It has been established that capital expenditures of budgets in Ukraine cannot be equated with capital investments from the budget, since they contain articles that are inconsistent with the classical understanding of investments. But the analysis of their dynamics and structure makes it possible to identify the priorities of budget investment and the distribution of budget investment among the budget system levels. It has been established that since 2015 in Ukraine there has been an increase in the share of capital expenditures of the consolidated budget in the total expenditures of the consolidated budget at the expense of local budgets, which are a consequence of an increase in the local budgets resource base in relation to the decentralization reform. A positive trend of growth in the percentage of capital expenditures fulfillment of both state and local budgets was revealed. Also, since 2015, a change in the ratio of capital expenditures among the levels of the budget system in the direction of the prevalence of local budgets and a change in the structure of capital expenditures of the state and local budgets has been revealed: in the state budget, capital transfers to enterprises that are a form of support for certain sectors of the economy are decreasing, but in local budgets they are growing. Thus, the economic function of the state to support individual sectors of the economy is delegated to local budgets. It also revealed a change in priorities in the structure of financing public investment projects from the state budget of Ukraine during 2019-2020 from social development projects to transport infrastructure development projects (70% of funding). It has been established that capital investments from budgets of all levels are not aimed at multiplying budget investments; therefore, an increase in budget capital expenditures does not guarantee the acceleration of the state economic development. The improvement of the investment activities state management system should be realized in the direction of formation and budgetary financing the investment projects that will contribute to the introduction of new technologies, the creation of new jobs and the investment attractiveness of the country.

scholarly journals Capital Investment as a Component of State Investment Policy at the Regional Level

2020 ◽  
pp. 176-185
Author(s):  
Svitlana TARABAN
Keyword(s):  
Economic Development ◽  
Financial Stability ◽  
Value Added ◽  
Bank Lending ◽  
The State ◽  
High Tech ◽  
Capital Investments ◽  
Investment Activity ◽  
Socio Economic Development ◽  
Investment Process

The article examines the processes of inflow of investments into the economy of Ukraine, highlights the main problems and factors affecting investment activity and investment attractiveness of the country and regions. Functions of investments without which effective management and development of the economy of the state are impossible are considered. The peculiarities and tendencies of the investment activity in Ukraine are revealed, the ways to intensification of attraction of capital investments are determined. It has been found that the process of attracting capital investments in the Ukrainian economy has significantly slowed down due to the political and economic crises of recent years. As a result, the financial condition of enterprises has deteriorated, the number of unprofitable financial institutions has increased, the volume of bank lending to enterprises has decreased, the investment activity of foreign investors has decreased. Attention is drawn to the fact that the successful realization of the objectives of the socio-economic development of the regions depends on the efficiency of the organization of the investment process. The revitalization of the investment process is the main component of economic requirements, which are intended to identify real changes in the structure of the economy of the country and the region, to accelerate the transition of the economy to a qualitatively new level of industrial development, to improve the quality of domestic products and its competitiveness in the world market, to contribute to overcoming interregional disproportions, to provide growth in the state. The dynamics and structure of capital investments in Ukraine and Kharkiv region in 2017-2019 are analysed. The structure of capital investments for this period by sources of financing, types of economic activity, types of assets is studied. The conclusions on the materiality of the changes and direction that have occurred during this period have been made, the positive and unfavourable changes in the formation of capital investments have been characterized. It is determined that the socio-economic development of Ukraine is impossible without sufficient financing of capital investments. First of all, it is about modernizing the production of high-tech and competitive high-value-added goods and increasing their exports, as well as the introduction of innovative and energy-saving technologies. It is stated that the conditions for attracting investment in Ukraine are political, economic and financial stability, investment guarantees, improvement of legislative acts regulating investment activity and general improvement of the investment climate. Keywords: investment activity, capital investments, dynamics, structure, economic development, investment processes.

scholarly journals The Impact of Public Capital Investments on the Revenue Growth of Medium Enterprise in Indonesia

2012 ◽  
Vol 14 (3) ◽  
pp. 253
Author(s):  
Darius Tirtosuharto
Keyword(s):  
Local Governments ◽  
Capital Investment ◽  
Public Capital ◽  
Transport Infrastructure ◽  
Capital Investments ◽  
Revenue Growth ◽  
Medium Enterprise ◽  
State And Local ◽  
Medium Enterprises ◽  
The Impact

Public capital investment represents the role of state and local governments in supporting greater capacity of private enterprises to gain success in a market economy measured by revenue growth. Medium enterprises are considered as the catalysts for economic growth and competitiveness particularly in developing countries due to efficiency and flexibility in an adverse economic environment. Using aggregate data of 30 states (provinces) in Indonesia from 1997-2002, the impact of public capital investment on the revenue growth of medium enterprise is examined. The paper finds that only medium enterprises in the industrial and trading sector benefited from public capital investments and the most optimum capital investment is in transport infrastructure.    

scholarly journals Investment in Agriculture and Increasing Its Efficiency

2021 ◽  
Vol 9 (10) ◽  
pp. 182-184
Author(s):  
Xurramov Eshmamat Xudoyberdiyevich
Keyword(s):  
Market Economy ◽  
Capital Investment ◽  
Free Market ◽  
The State ◽  
Capital Investments ◽  
Free Market Economy ◽  
Economic Base ◽  
The Republic ◽  
Made In ◽  
Objective Necessity

Annotation: Investments are made in any socio-economic formations. Because they are spent on strengthening the state, the industry, enterprises, and, finally, the economic base of the population. It is an objective necessity to invest in the development of agriculture in the Republic of Uzbekistan, where a free market economy is gradually being formed. In this article, we will learn about investment and capital investment in agriculture and how to increase their efficiency. Keywords: investments, population, efficiency, capital investments.

scholarly journals Investment Support of Domestic Agricultural Production: Actual Situation and Real Needs

2020 ◽  
Vol 12 (515) ◽  
pp. 189-194
Author(s):  
O. V. Dovgal ◽  
Keyword(s):  
Agricultural Production ◽  
Capital Investment ◽  
Inflation Targeting ◽  
Agricultural Sector ◽  
Bank Lending ◽  
The State ◽  
National Currency ◽  
Judicial Reform ◽  
Capital Investments ◽  
The Us

The article examines the actual amount of capital investment in agricultural production. It is determined that despite their rapid nominal growth in the national currency, the real amount of investment, translated into the US currency, is insufficient to meet the needs of expanded reproduction. It is assumed that the main causes of the capital investment deficit are excessive inflation, excessive business risks and non-fulfillment of government obligations. In the Ukrainian economy there is a positive dynamics of capital investment in the agricultural sector of production, denominated in the national currency – for the period 2010–2019 their average annual value amounted to UAH 35.4 billion, the growth rate was 120.5%. Their share in the structure of capital investments of the country's economy is also increasing. The volume of capital investment in the agricultural sector of the economy, translated into a more stable currency (US dollars), in the reporting year of 2019, was lower not only than in the previous two years, but also than in 2013–2013. Their average annual growth was 105.7%. The average annual volume of capital investments in agriculture, forestry and fisheries of Ukraine for 2010–2019 is $ 2.02 billion. This amount is insufficient, as agriculture alone requires at least $ 2.9 billion annually investment. Among the sources of financing capital investments in agriculture, forestry and fisheries of Ukraine in the reporting period, more than 90% were at the expense of enterprises and organizations. This is not a normal situation, which indicates that there is a curtailment of bank lending for investment needs of farmers' the State does not fulfill its obligations to support the development of the agricultural economy; foreign investors, given excessive business risks, are reluctant to invest in Ukrainian domestic agricultural production. Restoring confidence in the State, inflation targeting, judicial reform and the uncompromising fight against raiding are key tools for improving the investment climate and increasing capital investment in the agricultural sector of Ukraine's economy.

scholarly journals The financing of envisaged capital investments in South Africa

2014 ◽  
Vol 11 (2) ◽  
pp. 583-590
Author(s):  
E. Conradie ◽  
Frederik J. Mostert ◽  
Jan Hendrik Mostert
Keyword(s):  
South Africa ◽  
Capital Structure ◽  
Capital Investment ◽  
Secondary Data ◽  
Capital Investments ◽  
Literature Study ◽  
Investment Projects ◽  
Starting Point ◽  
Specific Factors ◽  
Investment Process

The envisaging of capital investments is of prime importance for the economic growth and business development of a country, as it represents the starting point of the entire capital investment process. This paper focuses on the financing of envisaged capital investments and addresses amongst others the various sources of financing and the finance cost thereof, the related capital structure theories, as well as the determinants of the capital structure of an enterprise, which comprise of the economic and firm-specific factors. The objective of this research paper embodies the improvement of the financing decision-making when enterprises are envisaging capital investments. A literature study provided the secondary data and formed the basis of this research. To achieve the research objective, an opinion survey was done to obtain the perceptions of the business leaders in South Africa regarding the importance of the economic and firm-specific factors for the financing of envisaged capital investments, the associated problem areas as perceived by the firms, as well as the frequency of envisaging various types of capital investment projects by the respondents

scholarly journals EFFICIENCY OF PRODUCTION ACTIVITIES OF EXPERIMENTAL BASE OF INSTITUTE OF ANIMAL BREEDING AND GENETICS ND. A. M.V.ZUBETS NAAS

2017 ◽  
Vol 53 ◽  
pp. 107-115
Author(s):  
M. V. Hladiy ◽  
O. V. Kruglyak ◽  
I. S. Martynyuk ◽  
M. G. Porkhun
Keyword(s):  
Animal Breeding ◽  
The State ◽  
Capital Investments ◽  
Forage Crops ◽  
Financial Condition ◽  
Rate Of Increase ◽  
Experimental Base ◽  
State And Local ◽  
Breeding And Genetics ◽  
State Enterprises

The state of economic and financial activity of the state enterprises experimental farms "Niva" and "Khrystynivske" of Institute of Animal Breeding and Genetics n.a. M.V.Zubets (Cherkasy region) has explored. It is proved that during 2012-2016 y notable successes in crop and livestock production were achieved through the introduction of innovations. In particular, grain, sunflower, forage crops yields grew respectively on 15,7, 4,3, 18,8  t / ha, the productivity of cows Ukrainian red and white dairy breed increased on 754 kg. The rate of increase of income was respectively 238 % despite the disparity in prices of produced and sold products and of material and technical resources. Stable and sustained financial condition allows rapidly upgrade the production facilities of experimental farms. During 2010-2014 y capital investments have made on more than UAH 10 mln. The state enterprises experimental farms "Niva" and "Khrystynivske" had been paying wages to employees and taxes and duties to the state and local budgets timely. On the basis of their financial capabilities the state enterprises experimental farms "Niva" and "Khrystynivske" of Institute of Animal Breeding and Genetics n.a. M.V.Zubets have been supporting the social and economic living conditions of the countryside households. Each year, funds are allocated for maintenance of schools, kindergartens, domestic (rural) roads. The farms provide financial assistance to the pensioners - former employees, to the liquidators of the Chernobyl accident, soldiers participating ATO for children with disabilities etc.

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