MECHANISMS OF STATE REGULATION OF INVESTMENT AND INNOVATION PROCESSES IN UKRAINE
DOI:
https://doi.org/10.32689/2617-9660-2018-2-2-18-25Keywords:
investments, innovations, state regulation, financing.Abstract
The article deals with the mechanisms of state regulation of investment and innovation processes in Ukraine. The state of capital investment financing is analyzed. Steps are taken to improve the mechanisms of state regulation of investment and innovation processes in Ukraine. The investment and innovation industry is considered as a very important component in the development process of any state, which is still not able to effectively develop independently without effective regulatory mechanisms, therefore, a significant role is played by public levers, which should provide enough opportunities for the implementation of innovative and investment processes. It is noted that direct state influence on investment and innovation processes in Ukraine is manifested in the organization of certain activities with the definition of strategic objectives and priorities, the development of well-thought-out fundamentals of investment and innovation policy, the introduction of government programs with the necessary funding, etc. Investment and innovation processes in the regions are based on the coordination of interests and the joint efforts of such entities as the state, the region and the investor. The implementation of the mechanism of state regulation of investment activity in Ukraine was determined by providing financial assistance in the form of grants, subsidies, subventions, budget loans for the development of individual regions, industries, the creation of state norms and standards, pricing policies, and measures to develop and protect economic competition, destatization and privatization of property, the definition of conditions for the use of land, water and other natural resources, government examination of investment projects, and others. The necessity of using this form of state regulation, which allows combining the interests of all participants in the investment process for the effective achievement of goals and objectives set by the state in the regulation of investment and innovation processes, was noted. It was concluded that investment and innovation activity is an important area in the development of any country and Ukraine is no exception, in our country steps are being taken to improve the investment climate, they should be more activated and the institutional conditions for the implementation of investment and innovation projects improved.
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