State and prospects of increasing the international investment attractiveness of the Odessa aglomeration

Ukhanova Inna
PhD (Economics), Associate Professor, Department of International Economic Relations, Odessa National Economic University, Odessa, E-mail:inna.uhanova@gmail.com, ORCID ID: https://orcid.org/0000-0003-3510-382X

Cite this article:

Ukhanova I. (2022) TState and prospects of increasing the international investment attractiveness of the Odessa aglomeration. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Stan ta perspektyvy pidvyshchennia mizhnarodnoi investytsiinoi pryvabllyvosti Odeskoi ahlomeratsii; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 5-6 (294-295), pp. 120-129.

Abstract

The purpose of the article is to study the current state, factors and problems of formation of international investment attractiveness of the Odessa agglomeration and determine the prospects for its improvement. To achieve this goal, a statistical analysis of the indicators of the economy of the agglomeration, the volume of foreign direct investment in the largest urban communities of the Odessa agglomeration, the volume of foreign direct investment in the largest investor countries. PEST-analysis was used to determine the degree of influence of macro-environmental factors on the formation of international investment attractiveness of the Odessa agglomeration. The results of the study revealed evidence of investment diversification of the agglomeration's economy, a gradual reduction in explicit and significant reinvestment, primarily due to the disclosure of the "Panama Dossier", but this problem remains relevant. It is noted that foreign investments in the economy of the Odessa agglomeration are multidisciplinary, which has a positive effect on the diversification of the economic complex. The main areas of interest of foreign investors are port activities, food industry, alternative energy. PEST analysis of the factors of international investment attractiveness of the Odessa agglomeration revealed that among the most fundamental factors are hostilities, improvement of environmental legislation, bureaucratization, economic globalization, foreign exchange market conditions, digitalization of the economy. The practical significance lies in the further development of research on the international investment attractiveness of the coastal agglomerations of Ukraine on the example of the Odessa agglomeration, which should be the basis for the formation of decisions for postwar economic development

Keywords

coastal agglomeration, Odesa agglomeration, foreign direct investment, international investment attractiveness, donor countries, factors of international investment attractiveness.

JEL classification: F210; DOI: 10.32680/2409-9260-2022-5-6-294-295-120-129

UD classification: 330.322:330.43

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