A GOVERNMENT INVESTMENT POLICY AS A TOOL OF REGULATORY IMPACT ON INVESTMENT ACTIVITY

Author
, assistant, Kharkiv, Pushinska, 77

In heading

 Law;

Signed print

 25.11.2016

Issues number

 2016 - № 4 (27)

Page

 157-168

Type of articles

 Scientific article

Code UDK

 346.543

ISSN print

 2411-5584

Abstract

 Problem setting. The purpose of the government investment policy is to create attractive investment climate and infrastructure development of investment activity to ensure sustainable economic growth and improved living standards. But the purpose of the investment policy, from the point of view of economic theory researchers, is not constant and may change depending on the economic development of the country. That is why the definition of the main directions of economic state policy in Economic Code of Ukraine is extremely important.
Thus, the investment policy defined in part 3 of article 10 of EC as a policy aimed at the creation of the business entities of the necessary conditions to attract and focus resources on the needs of expanded reproduction of fixed assets, primarily in sectors where development is identified as the priorities of the structural-sectoral policy, as well as ensuring efficient and responsible use of these funds and monitor for them.
It should be noted that the directions of economic policy is directly interrelated with the investment policy and determine each other. Moreover, these areas of economic policy can be represented as a hierarchical complex system, in which their own internal functioning effects are occurred.
Recent research and publications analysis. Important theoretical and methodological problems of providing government investment policy, the research of the investment market, mechanisms of investment policy formation have been considered by numerous scientists such as D. V. Zadykhailo, V. К. Mamutov, V. М. Pashkov, O. P. Podtserkovnyi, V. А. Ustymenko, V. S. Shcherbyna, etc. However, these scientists did not consider the system of initial concepts, analyze individual objects of the government investment policy in relation to their regulatory impact on investment activity.
Paper objective. The article purpose is to study the question of economic-legal implementation of the government investment policy, its regulatory impact on investment activity, the rationale and development the system of initial concepts.
Conclusions of the research. The balance of investment demand and investment proposals, which is achieved with specific means of market self-regulation is a mechanism of the investment market. The basis of the structure and functioning of economic relations within an economic system is based on a system principle, by which ensured their stability, predictability, and functional viability. Therefore, the formation of public economic policy, including investment policy, should be preceded by the study, analysis of the structure and essential features of the functioning of economic system market.
The investment market is quite specific phenomenon which on the one hand can and should be treated as a separate market (a subsystem of the economic system) but at the same time, acquires an independent and often decisive importance as a functional feature of a particular model of the economic system.
Very important in the context of the government investment policy is a category of potential investment proposal, which reflects the level of accumulated entities income that can be directed to investment, and forms of potential investment capital.
The influence on the stirring up of factors formation of potential investment capital, and then real investment proposal, as well as the influence on the activation of factors formation of progressive investment demand from the national business entities must be one of the main objects of the government investment policy.
Short Abstract for an article
Abstract. The article deals problems of providing economic and legal implementation of the investment policy, rationale and development of the system initial concepts related to providing economic and legal implementation of the investment policy: the investment market, investment policy, legal investment policy, legislative investment policy, the formation mechanism of legal government investment policy, investment legal order.

Keywords

 Іnvestment activity, investment legal order, investment policy, legal investment policy.

Reviewer

External reviewer

Article in PDF

 4 157-168

Bibliography

 none

Code DOI

This post is also available in: Ukrainian

29.09.2016