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The Credit-Investment Space of the Region under Economic Asymmetry: A Spatial Approach and Synergy Mechanisms
Khomyak M. S.

Khomyak, Myroslav S. (2025) “The Credit-Investment Space of the Region under Economic Asymmetry: A Spatial Approach and Synergy Mechanisms.” Business Inform 10:411–418.
https://doi.org/10.32983/2222-4459-2025-10-411-418

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
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UDC 336.61

Abstract:
The aim of the article is to conceptually substantiate and systematically analyze the credit-investment space of a region as a key factor in financially supporting balanced regional development, and to identify mechanisms of synergistic interaction between its credit and investment components under conditions of intensified interregional competition and uneven financing caused by martial law in Ukraine. The article examines approaches to the financial support of regions characterized by deep economic asymmetry resulting from the differentiation of territories into frontline, central, and western areas. It argues that such a configuration necessitates moving away from universal approaches and adopting qualitatively new principles and methods for the allocation of financial resources. A definition of the regional credit-investment space is proposed as a system of interactions between regional investment activity entities and credit-deposit institutions concerning the accumulation, formation, and allocation of credit-investment resources through the regional financial infrastructure. The methodological foundation of the study is a spatial approach, which, based on the «center–periphery links» axis, makes it possible to encompass both material financial capital and its intangible (institutional and managerial) component. A critical review of theoretical conceptions and contemporary empirical econometric research on the effects of financial development on economic growth has been undertaken, which confirms a positive causal relationship between the effective operations of financial intermediaries and investment processes. The synergistic relationship between the credit and investment components has been allocated and detailed, which is realized through a «synergetic loop» mechanism: lending acts as a trigger for investment activity, while a favorable investment climate stimulates the supply of credit capital. It has been demonstrated that credit resources (including State programs such as «Affordable Loans 5–7–9%») serve as an institutional bridge, channeling bank capital toward the objectives of increasing and renewing the fixed assets of regions. The unresolved aspects of the overall issue have been identified, including the insufficient conceptualization of the credit-investment space in the context of a hybrid crisis and the lack of a resource allocation mechanism adapted to wartime risks. A conceptual scheme of the components’ interconnection has been proposed, along with practical recommendations for improving credit instruments and enhancing the investment climate. The results of the study should serve as a methodological foundation for enhancing the efficiency of resource allocation and ensuring the sustainable development of Ukraine’s regions during the recovery period.

Keywords: financial space, regional credit-investment space, regional development, investment activity, credit component, spatial approach, economic asymmetry, financial provision.

Fig.: 1. Bibl.: 19.

Khomyak Myroslav S. – Candidate of Sciences (Economics), Candidate on Doctor Degree, Department of Public Finance, State Tax University (31 Universytetska Str., Irpin, Kyiv region, 08205, Ukraine)
Email: [email protected]

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