ISSN 2413-2322 (Online)

ISSN 2221-1055 (Print)

UDS: 332.024.2 DOI: https://doi.org/10.32317/2221-1055.202109019
Економіка агропромислового виробництва

Macroeconomic investment process in agriculture of Ukraine / Kisil M.I. // Ekonomika APK. - 2021. - № 9 - P. 19

The purpose of the article is to substantiate the theoretical provisions on the essence and features of the investment process and the most important areas of its activation in agriculture. Research methods. The following methods were used in the research process: dialectical - cognition of investment processes and phenomena; abstract-logical - substantiation of theoretical provisions for the development of investment processes; economic and statistical - identification of trends and patterns in the investment process; graphic - estimates of the main indicators of the dynamics and structure of investments; correlation-regression analysis - establishing interdependencies between indicators; strategic planning - substantiation of investment forecast. Research results. Theoretical positions and methodical approaches to estimations of macroeconomic investment process on their basic signs and the most important directions of its activization in agriculture are generalized. Scientific novelty. Theoretical provisions on the economic essence of the investment process were further developed, in particular, the definition of its concept in relation to agriculture, 16 most important features and areas of activation were proposed. Practical significance. The results of the study can be used in shaping the investment strategy and policy of the state in agriculture. Tabl.: 2. Figs.: 1. Refs.: 30.
Key words: investments; investment process; signs of investment process in agriculture; agricultural policy; investment forecast

References

  1. Agricultural policy - Agricultural support. OECD Data. Retrieved from : https://data.oecd.org/agrpolicy/agricultural-support.htm [In English]
  2. Alison Eskesen, Rashi Agrawal & Noopur Desai (2014). Small and medium enterprises in agriculture value Chain. Opportunities and Recommendations Research. Retrieved from : https://iixfoundation.org/wp-content/uploads/2011/08/OXFAM-SME-Report-November-2014_FINAL.pdf [In English]
  3. Amit Bouri, Abhilash Mudaliar, Hannah Schiff, Rachel Bass & Hannah Dithrich (2018). Roadmap for the Future of Impact Investing. Reshaping Financial Markets. New York : The GIIN. March, 2018 [In English].
  4. Bulman, A., Cordes, K.Y., Mehranvar, L., Merrill, E. & Fiedler, Y. (2021). Guide on incentives for responsible investment in agriculture and food systems. Rome, FAO and Columbia Center on Sustainable Investment. Retrieved from : https://doi.org/10.4060/cb3933en [In English].
  5. COVID-19 and Land-based Investment: Changing Landscapes. The Columbia Center on Sustainable Investment (CCSI). May, 2021. Retrieved from : https://ccsi.columbia.edu/sites/default/files/content/docs/publications/Covid-9%20and%20Land-based%20Investment%20-%20Changing%20Landscapes% 20-%20FINAL.pdf [In English].
  6. Dean Hand, Hannah Dithrich, Sophia Sunderji & Noshin Nova (2020). Annual Impact Investor Survey, 10th ed. New York : The GIIN. June, 2020 [In English].
  7. Farooq, U., Ahmed, J. & Khan, S. (2021). Do the macroeconomic factors influence the firm's investment decisions? A generalized method of moments (GMM) approach. Int J Fin. Econ., vol. 26, pp. 790-801 [In English]. DOI : https://doi.org/10.1002/ijfe.1820.
  8. Korutarom B. & Biekpem N. (2013). Effect of business regulation on investment in emerging market economies. Rev. Dev. Finan., 3, pp. 41–50 [In English].
  9. Kuznet, S. (1930). Equilibrium economics and business-cycle theory. The Quarterly Journal of Economics. Retrieved from : http://academic.oup.com [In English].
  10. Michael Kremer, Arlie Petters, Yaw Nyarko & Torsten Figueiredo Walter (2021). Is Development Economics a Good Investment? Evidence on Scaling Rate and Social Returns, New York University Fbu Dhabi, May, 26. Retrieved from : https://nyuadi.secure.force.com/Events/nyueventregistration?event=vp1STaQCzbzq4FcjHLHjuA_3D_3D/ [In English].
  11. Michael Kremer, Sasha Gallant, Olga Rostapshova & Milan Thomas (2019). Is Development Innovation a Good Investment? Which Innovations Scale? Evidence on social investing from USAID’s Development Innovation Ventures1 (draft), December. Retrieved from : https://www.semanticscholar.org [In English].
  12. Our Investment Methodology, 4Thought Financial Group. Retrieved from : https://www.4tfg.com/investment-methodology [In English].
  13. Policy Framework for Investment in Agriculture, OECD. Retrieved from : https://www.oecd.org/daf/inv/investment-policy/PFIA_April2013.pdf [In English].
  14. Prinziples for responsible Investment in Agrikulture and Food Systems: FAO CFS Secretariat, 2014. Retrieved from : http://www.fao.org/3/au866e/au866e.pdf [In English].
  15. Rasmussen Josefine (2016). The Investment Process for Capital Investments – The case of industrial energy-efficiency investments and non-energy benefits. Faculty of Arts and Sciences, FiF-thesis [In English].
  16. Understanding Impact Performance / Agriculture Investments, Global Impact Investing Network. October, 2020. Retrieved from : https://thegiin.org/assets/Understanding% 20Impact%20Performance_Agriculture%20Investments_webfile.pdf [In English].
  17. United Nations Environment Programme. Making Peace with Nature: A scientific blueprint to tackle the climate, biodiversity and pollution emergencies. Nairobi: 2021. Retrieved from : https://wedocs.unep.org/xmlui/bitstream/handle/20.500.11822/34948/MPN.pdf [In English].
  18. Ilchuk, V. & Shpomer, T. (2017). Innovatsiino-investytsiina diialnist APK: suchasnyi stan i problemy rozvytku [Innovation and investment activity of agro-industrial complex: current state and problems of development]. Agricultural and Resource Economics, 3 (1), pp. 108–118. Retrieved from : http://www.are-journal.com [In Ukrainian].
  19. Dem’ianenko, M.Ya., Luzan, Yu.Ya., Sabluk, P.T., Skupyi, V.M., et al. (2003). Investytsiinyi protses. Finansovyi slovnyk-dovidnyk [Investment process. Financial dictionary-reference book]. M. Ya. Demianenko (Ed.). Kyiv : IAE UAAN [In Ukrainian].
  20. Kisil, M.I. (2018). Investytsiine zabezpechennia rozvytku silskoho hospodarstva Ukrainy v stratehichnii perspektyvi. Visnyk ahrarnoi nauky, 1, pp. 78-82 [In Ukrainian].
  21. Kisil, M.I. (2015). Teoretyko-metodolohichni zasady otsinok efektyvnosti ahrobiznesu : naukove vydannia [Theoretical and methodological principles of evaluating the effectiveness of agribusiness: a scientific publication]. Kyiv : NNTs «IAE» [In Ukrainian].
  22. Lupenko, Yu.O. & Zakharchuk, O.V. (2018). Investytsiine zabezpechennia innovatsiinoho rozvytku silskoho hospodarstva Ukrainy [Investment provision of innovative development of Ukrainian agriculture]. Ekonomika APK, 11, pp. 9−18 [In Ukrainian]. https://doi.org/10.32317/2221-1055.201811009
  23. Mamontova, N.A. (2017). Udoskonalennia mekhanizmu investytsiinoho zabezpechennia rozvytku silskoho hospodarstva Ukrainy [Improving the mechanism of investment support for the development of agriculture in Ukraine]. Naukovi zapysky Natsionalnoho universytetu "Ostrozka akademiia". Seriia: Ekonomika, 6, pp. 8–13. Retrieved from : http://nbuv.gov.ua/UJRN/Nznuoa_2017_6_4 [In Ukrainian].
  24. Mezentseva, N.I. & Moroz, I.M. (2011). Investytsiina diialnist v ahroprodovolchomu vyrobnytstvi Ukrainy: rehionalni aspekty : monohrafiia [Investment activity in agro-food production of Ukraine: regional aspects: monograph]. Kyiv : Obrii [In Ukrainian].
  25. Polityka shchodo investuvannia u silske hospodarstvo: Ukraina [Agricultural Investment Policy: Ukraine]. Ctratehiia sektornoi konkurentospromozhnosti dlia Ukrainy − Faza III. Zvit za pidsumkamy proektu. Hruden, 2015. OSDE Eurasia Competitiveness Programme. Retrieved from : https://www.oecd.org/eurasia/competitiveness-programme/eastern-partners/Agricultural_Investment_Policies_Ukraine_UKR. pdf/ [In Ukrainian].
  26. Pro skhvalennia Stratehii spryiannia zaluchenniu pryvatnykh investytsii u silske hospodarstvo na period do 2023 roku / Kabinet Ministriv Ukrainy. Rozporiadzhennia vid 5 lypnia 2019 r. # 595-r. [On approval of the Strategy to promote private investment in agriculture until 2023 : Cabinet of Ministers of Ukraine. Order of July 5, 2019 No. 595-r.]. (2019). Kyiv. Retrieved from : https://zakon.rada.gov.ua/laws/show/595-2019-%D1%80#Text [In Ukrainian].
  27. Reznik, N.P. (2008). Metodolohichni aspekty ekonomichnoi otsinky investytsiinoho klimatu v Ukraini [Methodological aspects of economic assessment of the investment climate in Ukraine]. Kul'tura narodov Prichernomor'ja, 126, pp. 94-97. Retrieved from : https://goo.gl/miUvYz [In Ukrainian].
  28. Reznik, N.P., Slobodianyk, A.M. & Kotliarov, V.O. (2018). Investytsiine zabezpechennia konkurentospromozhnosti ahropromyslovykh formuvan : monohrafiia [Investment support of competitiveness of agro-industrial formations: monograph. Kyiv : DP “VD “Personal” [In Ukrainian].
  29. Statystychna informatsiia. Kapitalni investytsii [Statistical information. Capital Investments]. Retrieved from : http://www.ukrstat.gov.ua/operativ/menu/menu_u/ioz_19.htm [In Ukrainian].
  30. Shubravska, O. (2012). Innovatsiinyi rozvytok ahrarnoho sektoru ekonomiky Ukrainy: teoretyko-metodolohichnyi aspekt [Innovative development of the agricultural sector of the economy of Ukraine: theoretical and methodological aspect]. Ekonomika Ukrainy, 1, pp. 27–35 [In Ukrainian].
Read article: ekonomikaapk_2021_09_p_19_30.pdf