Assessment of investment impact on the volumes of export
Economic Annals-ХХI: Volume 143, Issue 7-8(2), Pages: 48-51
Citation information:
Vnukova, N., Kovalchuk, V., & Antsyferova, O. (2014). Assessment of investment impact on the volumes of export. Economic Annals-XXI, 7-8(2), 48-51. https://ea21journal.world/index.php/ea-v143-12/
Natalia Vnukova
D.Sc. (Eсonomics),
Professor,
Simon Kuznets Kharkiv National University of Economics
9a Lenin Avenue, Kharkiv, 61166, Ukraine
vnn@hneu.edu.ua
Victoria Kovalchuk
PhD Student,
Simon Kuznets Kharkiv National University of Economics
9a Lenin Avenue, Kharkiv, 61166, Ukraine
kovalchuk.v2@gmail.com
Olesia Antsyferova
Lecturer,
National Technical University «Kharkiv Polytechnic Institute»
21 Frunze Str., Kharkiv, 61002, Ukraine
ancyferova_olesy@mail.ru
Assessment of investment impact on the volumes of export
Abstract. The agricultural sector is one of the main budget sectors of the national economy and is the second largest economic sectors in the commodity structure of exports. High demand for grain products on the domestic and world markets preconditions increase in grain production. The purpose of the article is to identify and analyze the factors that affect exports of grain; to develop an economic and mathematical model which will show the impact of major economic factors on grain exports; to develop the scheme of investment activities financial support mechanism.
Results. Increase in grain production is possible due to the intensification of production, technical equipment updates, grain yields increase, soil management and modern energy saving technologies introduction. These measures require bib volumes of investments.
One of the most effective mechanisms for attracting investments in the priority sectors of the economy is national projects implementation. Increase in exports of crops necessitates analysis of factors affecting the exports of grain.
There are various factors that influence grain exports. The economic and mathematical model proposed by the authors shows the impact of major economic factors on grain exports.
Domestic and foreign investment in agriculture plays an important role in increasing volumes of grain production and export.
Implementation of National project «Grain of Ukraine» has a high potential to increase competitive position of Ukraine among the world leaders in grain production, but involves a large amount of resources.
The authors present a scheme of financial support mechanism for investment projects. Financial support mechanism allows usage various forms, methods and tools to accumulate financial resources.
Conclusions. Financial support of the investment project «Grain of Ukraine» stimulates technological update of grain production in order to improve its quality, production and export volumes. Hence, it is advisable to use different tools, forms and methods to accelerate its implementation.
Keywords: Grain Exports; Factors Increasing Exports; Investments; Investment Project; Financial Security
JEL Classification: F21
References
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Received 25.06.2014