2/2019-070-kramarenko

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Kramarenko Iryna

PhD in economics,

associate professor Dean of the Law and

Socio-Educational Technologies Faculty

Mykolaiv Interregional Institute

of Human Development of the University “Ukraine”

22 Viyskova Str,  Mykolayiv, 54000, Ukraine

ukraina_09@ukr.net

Serhiychuk Serhiy Illich

PhD in economics, associate professor,

associate professor of Management Department

National University of Shipbuilding named after Admiral Makarov

Heroyiv Ukrayiny Ave,. 9, Mykolayiv, 54000, Ukraine

management@nuos.edu.ua

Archybisova Dariya

PhD student,

National University of Shipbuilding named after Admiral Makarov

Heroyiv Ukrayiny Ave., 9, Mykolayiv, 54000, Ukraine

management@nuos.edu.ua

Hrystoforov Vadym  

PhD student,

National University of Shipbuilding named after Admiral Makarov

Heroyiv Ukrayiny Ave., 9, Mykolayiv, 54000, Ukraine

management@nuos.edu.ua

Kravets Larysa

external PhD student,

Senior lecturer of Finances, Accounting and Taxation Department

the International University of Business and Law

49 Hvardiyskoyi Dyviziyi Str., Herson, 73000, Ukraine

mubip@mubip.org.ua

STRATEGIC DOMINANTS OF FORMING AND DEVELOPMENT

OF INVESTMENT CAPACITY IN TRANSITION ECONOMY

Abstract: The paper argues that investment is of the decisive importance for securing the living activity and development of national economy in current unstable conditions. If to consider economy as a single integral organism, the investment plays the role of the blood circulatory system, without which the organism has no opportunities for survival and development. The volumes of investment in the economy significantly depend on the level of its investment capacity, i.e. ability to form investment resources and efficiently use and accumulate them. The fact that the research of the processes of forming and efficient use of investment capacity of the national economy is of an utmost scientific and practical importance, especially considering the instability and substantial turbulence of macroeconomic, social and geopolitical conditions, is emphasized. Stabilization of economic processes and revival of sustainable economic growth are proven to remain the most essential problems at current stage of market economy transformation in Ukraine, accompanied by considerable instability in economic, international, political and legal environments. Their successful solution brings to the fore the need to develop efficient mechanisms of forming, accumulation and enhancement of the efficiency of investment capacity realization that requires preliminary analysis of its major sources and opportunities of their mobilization in unstable conditions. The authors prove that currently the most important task is to search for financial, foreign economic, political and social balance in order to secure stable conditions of national economy development and to promote the growth of investment capacity by improvement of investment climate, bringing the economy out of shade and attraction of foreign investment.

Keywords: national economy, investment capacity, investment multipliers, economic growth

JEL classification: O22

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