REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Annotated catalogue (2025)

Thematic sections of the journal

Proceedings of scientific conferences

The Influence of the Institutional Environment on the Dynamics of FDI in Ukraine
Voronina O. O.

Voronina, Olena O. (2019) “The Influence of the Institutional Environment on the Dynamics of FDI in Ukraine.” Business Inform 10:77–82.
https://doi.org/10.32983/2222-4459-2019-10-77-82

Section: Investment Processes

UDC 339.9.01

Abstract:
The publication considers the issues regarding creation of a favorable investment and business climate in order to attract foreign direct investment (FDI), which constitute an integral part of an open and efficient economic system. On the other hand, direct investors do not have the opportunity to leave the market quickly, as they risk the long-term large volumes of financial investments. The FDI is therefore recognized as the main catalyst for the economies of developing countries and countries with transition economy. This aspect reveals the need to create an enabling environment for the foreign capital’s interest in the domestic market, as the progressive share of the FDI in the national capital structure can improve competitiveness of the country, aimed at an efficient integration into the global economic system. It is identified that the presence of such economic advantages as a favorable natural-geographical position, highly skilled labor force, high potential for structural distribution of the economy, developed infrastructure may be insufficient for the investor’s positive decision. A proper status of the institutional environment in the recipient country is a compelling factor for the FDI. A favorable institutional environment helps to avoid the transaction costs that result from the bureaucratic and judicial barriers, low levels of property rights protection and performance of contracts, corruption, political and economic instability, etc.

Keywords: institutional factors, institutional environment, foreign direct investment (FDI), international investment, public administration.

Fig.: 1. Tabl.: 1. Bibl.: 10.

Voronina Olena O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economic Theory and International Economy, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: [email protected]

List of references in article

“Ukraina pidnialasia odrazu na 7 punktiv v reitynhu Doing Business-2020 ta posila 64-te mistse sered 190 krain“ [Ukraine Climbed 7 Points in the Doing Business-2020 Ranking to 64th Place in 190 Countries]. Departament informatsii ta komunikatsii z hromadskistiu Sekretariatu Kabinetu Ministriv Ukrain. https://www.kmu.gov.ua/news/ukrayina-pidnyalasya-odrazu-na-7-punktiv-v-rejtingu-doing-business-2020-ta-posila-64-misce-sered-190-krayin
“Statystychnyi shchorichnyk Ukrainy za 2018 rik“ [Statistical Yearbook of Ukraine for 2018]. https://ukrstat.org/uk/druk/publicat/kat_u/2019/zb/11/zb_yearbook_2018.pdf
“Priami inozemni investytsii (PII) v Ukrainu“ [Foreign Direct Investment (FDI) in Ukraine]. Ministerstvo finansiv Ukrainy. https://index.minfin.com.ua/ua/economy/fdi/
Chubar, O. H. “Instytuty ta instytutsionalne seredovyshche: teoretychni uzahalnennia zasad ekonomichnoho rozvytku“ [Institutions and Institutional Environment: Theoretical Generalizations of Economical Development]. Naukovyi visnyk Uzhhorodskoho universytetu, no. 3 (2013): 98-104.
“Rukovodstvo po nailuchshey praktike v oblasti formirovaniya pozitivnogo delovogo i investitsionnogo klimata“ [A Guide to Best Practices in Creating a Positive Business and Investment Climate]. Byuro Koordinatora deyatelnosti OBSE v oblasti ekonomiki i okhrany okruzhayushchey sredy. Vena, 2006. https://www.osce.org/ru/eea/19769?download=true
Moskalenko, N. O., and Perepeliukova, O. V. “Instytutsionalne seredovyshche mizhnarodnoho biznesu“ [International Business Institutional Environment]. Ekonomika ta pravo, no. 3 (2016): 77-82.
Menzarar, S. A. “Polozheniye Rossii, Ukrainy i Moldovy v reytinge GRICS: dinamika effektivnosti politicheskogo upravleniya“ [Position of Russia, Ukraine and Moldova in the GRICS Ranking: Dynamics of the Effectiveness of Political Governance]. Nauchnoye soobshchestvo studentov: Mezhdistsiplinarnyye issledovaniya. 2018. https://sibac.info/archive/meghdis/10(45).pdf
“Dopovid Ernst & Young EY EMEIA Fraud Survey 2017“ [Ernst & Young EY EMEIA Fraud Survey Report 2017]. https://www.ey.com/Publication/vwLUAssets/EY_-_EMEIA_Fraud_Survey_2017/$FILE/ey-emeia-fraud-survey-2017.pdf
Kolodrubska, N. V. “Instytutsionalni faktory ekonomichnoho zrostannia v suchasnykh umovakh“ [Institutional Factors of the Economy Growing in Modern Terms]. Ekonomichnyi chasopys-XXI. 2011. http://dspace.nbuv.gov.ua/xmlui/bitstream/handle/123456789/47810/06-Kolodrubska.pdf?sequence=1
Ivashyna, S. Yu., and Ivashyna, O. F. Instytutsionalna ekonomika [Institutional Economics]. Dnipro: Universytet mytnoi spravy ta finansiv, 2018.

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»