Formation of the Organizational and Economic Mechanism for Attracting Investment to the Region

• Authors: Sabadash Viktor V. , Petrovska Svitlana A. , Petrovskyi Mykhailo V.

Title variants

EN

Formation of the Organizational and Economic Mechanism for Attracting Investment to the Region

• Languages of publication: EN

Abstracts

EN

Recently, the situation with attraction of investment to the regions of Ukraine has significantly changed for the worse because of the social and economic crisis, their low investment attractiveness, high risk and lack of guarantees for investors. This situation brings up to date the issues of elaborating an efficient organizational and economic mechanism for attracting investment to the region, which would combine not only financial and economic and legal elements, but also environmental instruments. During the study the organizational and economic mechanism for attracting investment to the region, which includes conditions, regulation and the range of organizational and economic instruments for the regulation of the investment policy has been elaborated. The instruments involved in the mechanism are grouped into functional blocks: subsidies; guarantees; tariff rates, prices; programs, plans; regulations; benefits; taxes; organizational arrangements. The key environmental elements are environmental taxes, natural resources use charges, subsidies for implementation of environmental programs and plans, state benefits and state support of environmentally sustainable production, state guarantees for attraction of environmental investments, environmental norms and standards for product certification. Their intended use is to promote the development of industrial and regional markets and to improve the efficiency of the regional investment policy.

Keywords

EN

ATTRACTING INVESTMENT; ENVIRONMENTAL INSTRUMENT; INVESTMENT ATTRACTIVENESS; ORGANIZATIONAL AND ECONOMIC MECHANISM

• Publisher: Sumy State University, Business and Management Academy of Ukraine - Sumy regional branch and Publishing Company 'University Book'
• Journal: Mekhanizm Rehuluvannya Economiky
• Year: 2017
• Volume: 2(76)
• Pages: 16-23

Contributors

author

Sabadash Viktor V.

• Department of Economics and Business-Administration, Sumy State University

author

Petrovska Svitlana A.

author

Petrovskyi Mykhailo V.