Investment providing sustainable development of rural areas in Ukraine

• Published in: Independent Journal of Management & Production Vol. 11; no. 8; pp. 571 - 586
• Main Authors: Savitska, Svitlana, Zaika, Svitlana, Svystun, Lyudmyla, Koval, Liubov, Haibura, Yuliia
• Format: Journal Article
• Language: English
• Published: Sao Paulo Independent Journal of Management & Production, I J M & P 01.05.2020
• Subjects: Agricultural production; Agriculture; Common Agricultural Policy; Consumption; Economic development; Economic growth; investment; investment climate; Investment policy; investment support; land market; Rural areas; Rural development; State budgets; Subsidies; Sustainable development; Trends; Ukraine
• ISSN: 2236-269X; 2236-269X
• DOI: 10.14807/ijmp.v11i8.1218

The economic growth of agricultural production is one of the main problems of modern economic development of Ukraine, in which investment processes play an important role. Therefore, the research is to reveal the importance of investment for the development of agriculture and rural areas of Ukraine and to develop recommendations to enhance investments in the Ukrainian rural areas. The data base of the State Statistics Service of Ukraine on economic development of Ukraine, investment activity of agriculture in Ukraine and attraction of foreign direct investments into the economy of Ukraine for 2014-2018 served as the information base for empirical and statistical research. It is found according to the results of the study that the level of provision of agriculture with investment resources is not sufficient. The reason is a number of negative factors: imperfect legislative framework, corruption, economic instability of the country, military conflict in the east of the country, insufficient financing of agriculture, low level of credit to the sector, etc. Using a systematic and integrated method, a model for the formation of investment support for sustainable rural development has been developed. We believe that in order to activate the sustainable development of rural territories, the use of the model will help to streamline and allocate financial and investment resources and improve rural investment activities. Conceptual approaches to the possible introduction of the agricultural land market in Ukraine are substantiated.