FINANCIAL MECHANISM OF INVESTMENT GROWTH AS THE BASIS FOR STABILITY OF STATE ECONOMY
Abstract
Purpose - is the formation and substantiation the theoretical principles and practical recommendations for the development of the financial mechanism of investment growth. Methodology of research. The methodological basis of scientific research were the following methods of research: scientific generalization, analysis, comparison, induction, deduction, modeling and systematization - in modeling, grouping and classification of information towards research and substantiation of essence and deepening understanding of investment growth as a separate economic category. Findings. The study formed and reasonably new economic concept of «financial mechanism of investment growth » and in depth understanding of the essence of economic categories "investment". Is proposed pioneering concept of growth of investment resources through the introduction of a financial mechanism for investment growth; developed by theoretical foundations, the economic model and recommendations for the formation and operation of the financial mechanism of investment growth. Originality. In this paper we developed by theoretical generalization and presented draft of solving scientific problems with the development of a new direction of research – formation the theoretical foundations of the financial mechanism of investment growth in the context of domestic and foreign research. Practical value. Results of the research form the pioneering model of financial mechanism of investment growth, which can be used in the scientific process and of further research towards improving the investment policy and stimulate investment and innovation processes. Efficient realization of the investment growth financial mechanism is essential for solving numerous economic and social problems and it will lead to an active engagement of many new domestic and foreign investors into the investment process. The investment growth should trigger the production process, increase low household’s capacity to pay and promote further production expansion.
References
Активізація інвестиційного процесу в Україні : [колективна монографія] / [Майорова Т.В., Диба М.І., Онишко С.В. та ін.] ; за наук. ред. М.І. Диби, Т.В. Майорової. – К. : КНЕУ, 2012. – 472 с.
Бузько І.Р. Інвестиційна політика у глобальному вимірі: формування та реалізація : [монографія] / І.Р. Бузько, В.І. Чиж, А.Ю. Тищенко. – Луганськ : Вид-во СНУ ім. Даля, 2011. – 192 с.
Затонацька Т.Г. Бюджетно-податкове регулювання інвестиційної діяльності в Україні : [монографія] / Т.Г. Затонацька. – К. : Задруга, 2012. – 299 с.
Захарін С.В. Сучасні теорії і концепції інвестицій / С.В. Захарін // Вісник Хмельницького національного університету. Економічні науки. – 2009. – № 4. – Т. 2. – С. 74-77.
Захарченко В.І. Динаміка інвестиційно-інноваційних процесів у нестабільному середовищі : [монографія] / В.І. Захарченко, М.О. Акулюшина. – Херсон : Олді-плюс, 2013. – 212 с.
Кабанов В.Г. Державне регулювання та активізація діяльності на ринку фінансових інвестицій в Україні : [монографія] / В.Г. Кабанов. – К. : ТОВ «Дорадо-Друк», 2009. – 356 с.
Лушкін В.А. Інвестиції та економічний розвиток : [монографія] / В.А. Лушкін. – Житомир, 2002. – 256 с.
Сейдаметова Л.Д. Эволюция теории инвестиций [Електронний ресурс] / Л.Д. Сейдаметова // Проблемы материальной культуры. Экономические науки. – 2009. – С. 57–66. – Режим доступу : http://dspace.nbuv.gov.ua/bitstream/handle/123456789/34984/13-Seidametova.pdf?sequence=1
Шарп У. Инвестиции / У. Шарп, Г. Александер, Дж. Бейли ; [пер. с англ. А.Н. Буренина, А.А. Васина]. - М. : ИНФРА-М, 2001. – 1028 с.
Fisher I. Mathematical Investigations in the Theory of Value and Prices / I. Fisher. - New York, 1892. - 100 p.
Regional integration and foreign direct investment in developing and transition economies: United Nations Conference on Trade and Development. – Geneva, 28–30 January 2013 [Електронний ресурс]. – Режим доступу : http://unctad.org/meetings/en/ SessionalDocuments/ciimem4d2_en.pdf
Williams J.B. The Theory of Investment Value / J.B. Williams. – Cambridge : Harvard University Press, 1938. - 613 p.
Maiorova, T.V., Dyba, M.I., Onyshko, S.V. et al. (2012), Aktyvizatsiia investytsiinoho protsesu v Ukraini [Activation of investment processes in Ukraine], collective monograph, KNEU, Kyiv, Ukraine, 472 p.
Buzko, I.R., Chyzh, V.I. and Tyshchenko, A.Yu. (2011), Investytsiina polityka v hlobalnomu vymiri: formuvannia ta realizatsiia [The investment policy at a global level: the formulation and implementation], monograph, Vyd-vo SNU im. Dalia, Luhansk, Ukraine, 192 p.
Zatonatska, T.H. (2012), Budzhetno-podatkove rehuliuvannia investytsiinoi diialnosti v Ukraini [Budget and tax regulation of investment activity in Ukraine], monograph, Zadruha, Kyiv, Ukraine, 299 p.
Zakharin, S.V. (2009), “Modern theories and concepts of investment”, Visnyk Khmelnytskoho Natsionalnoho Universytetu. Ekonomichni nauky, no. 4, Vol. 2, pp. 74-77.
Zakharchenko, V.I. and Akuliushyna, M.O. (2013), Dynamika investytsiino-innovatsiinykh protsesiv u nestabilnomu seredovyshchi [Dynamics of investment and innovation processes in an unstable environment], monograph, Oldi-plius, Kherson, Ukraine, 212 p.
Kabanov, V.H. (2009), Derzhavne rehuliuvannia ta aktyvizatsiia diialnosti na rynku finansovykh investytsii v Ukraini [State regulation and revitalization in financial investments in Ukraine], monograph, TOV “Dorado-Druk”, Kyiv, Ukraine, 356 p.
Lushkin, V.A. (2002), Investytsii ta ekonomichnyi rozvytok [Investments and Economic Development], monograph, Zhytomyr, Ukraine, 256 p.
Seydametova, L.D. (2009), “The evolution of the theory of investment”, Problemy materialnoy kultury. Ekonomicheskie nauki, pp. 57-66, available at: http://dspace.nbuv.gov.ua/bitstream/handle/123456789/34984/13-Seidametova.pdf? sequence=1 (access date March 8, 2015).
Sharp, W., Alexander, G. and Bailey, J. (2001), Investitsii [Investments], Translated by A.N. Burenina, A.A. Vasina, INFRA-M, Moscow, Russia, 1028 p.
Fisher, I. (1892), “Mathematical Investigations in the Theory of Value and Prices”, New York, USA, 100 p.
Regional integration and foreign direct investment in developing and transition economies: United
Nations Conference on Trade and Development. – Geneva, 28–30 January 2013, available at: http://unctad.org/ meetings/en/SessionalDocuments/ ciimem4d2_en.pdf (access date March 8, 2015).
Williams, J.B. (1938), “The Theory of Investment Value»”, USA, Cambridge, 613 p.
