Estimation of the Impact of Macroeconomic Factors on Investment Activity in Ukraine

• Main Authors: Kovtoniuk, Kateryna, Molchanova, Ellana, Savych, Oleksandr, Demkiv, Yuliya, Piankova, Oksana, Kudinova, Alevtyna
• Format: Conference Proceeding
• Language: English
• Subjects: Economic indicators; FDI index; Indexes; Macroeconomics; net FDI; Profitability; Regulation; round-tripping FDI; Solid modeling; Surveys
• ISSN: 2770-5226
• DOI: 10.1109/ACIT58437.2023.10275518

The article justifies the selection of the main factors of the system of national accounts, which influence the volume of net foreign investments in Ukraine. An econometric model of the influence of the specified factors on the volume of net foreign investments in Ukraine was built. It is proven that the volume of net FDI in Ukraine increases by 0.075 and 0.004 US dollars with the growth of imports and gross capital accumulation in the significant investor countries (EU countries), respectively. The size of the world GDP practically does not affect the investment position of Ukraine. It was established that the size of the world GDP practically does not affect the investment position of Ukraine, which proves the low interest of foreign investors in investing in Ukraine despite the state of development of the world economy. It was determined that there is an inverse relationship between the GDP deflator index, the real interest rate, the unemployment rate, and the foreign direct investment index, which measures the impact of legislative restrictions on investment activity. It was established that the volume of net FDI in Ukraine during the war years, which is within the lower limit of the forecast corridor, indicates the realization of a pessimistic scenario of investing in the Ukrainian economy.