The article emphasizes the importance of organic production development in the agricultural sector of the Ukrainian economy and substantiates that one of the important priorities of agribusiness is organic production, which is mainly export-oriented, and therefore is the fundamental basis for the sustainability of the foreign economic activity of its farmers. An increase in organic production, in particular cattle products, is accompanied by additional methane emissions (but lower than those from nonorganic production), while Ukraine, having joined the Global Methane Pledge initiative to reduce methane emissions, has committed to taking measures to reduce its methane footprint and consequently the decision to invest and/or provide government support for development programs should be based on historical analysis using a decoupling approach. The trends of changes in the average annual livestock population, the livestock production volume and dynamics of methane emissions have been studied for the period of 1990-2019. A decoupling analysis has been carried out of the gap between trends of the economic growth rates of the livestock industry and the rates of anthropogenic pressure on the environment. The study demonstrated that the decoupling effect in cattle breeding has changed abruptly from strongly negative to weak decoupling. The dynamics of the export volume of dairy and meat products were analysed for the agribusiness of Ukraine during 2004-2021 and a forecast of changes in production volumes, as well as a forecast for the export volume of milk and beef were made for the period up to 2030.
This study explores the evaluation of investment attractiveness of Ukraine’s economy. The following factors are analyzed: the social significance of the sector, the coefficient of support for the sectoral development, the coefficient of production efficiency, the index of fierce competition, and the inflation index. The results of applying the calculation of the average value of the weighting factor within a particular sector and the method of the sum of sets show that the most significant influence on the investment attractiveness of the economy sector are factors of economic efficiency and support of the sector by the state. The study is based on the development and calculation of an integrated indicator of sectoral attractiveness. This approach makes it possible to take into account a set of factors and more accurately describe the existing priorities of a particular sector of the economy. The conclusion is that that the most attractive sectors in Ukraine are industry, trade, transport and communications, as well as financial activities. The education sector remains the least attractive for investment. It is estimated that its attractiveness does not exceed 10% of the threshold. Unattractive for investments sectors will need special attention from the government. Correcting the current situation and attracting additional investment in such areas can significantly reduce the burden on the state budget. The findings of this investigation can be used in order to expand the existing tools for the formation of economic policy of Ukraine and improve the practice of evaluation of sectoral investment. AcknowledgementsThis article was prepared and funded within the research theme “Strategy of structural reorientation of Ukraine’s economy in the conditions of a pandemic” reg. No. 0121U109608 of Economic Theory and Competitive Policy Department of Kyiv National University of Trade and Economics.
The COVID-19 pandemic has posed unprecedented healthcare and economic resilience challenges for the world. This study systematizes the policy measures taken by the Visegrad Group and Ukraine to support national economies in response to the pandemic. The paper is based on a grouping method to systematize the policy measures, and a tabular method to present the results of the policy measures classification. Following systematization results, the policy measures for ensuring the economic resilience under the pandemic are classified as quarantine and compensatory measures. Additionally, quarantine measures were classified into prohibitions, restrictions, and recommendations. Compensatory measures were classified by the type of policy and grouped according to the global dimension in periodization of the COVID-19 waves. The analysis of quarantine measures in Ukraine and Visegrad Group also shows that prohibitions had been used most frequently and for the longest time in Ukraine, particularly they included school closures, public transport closing, and restrictions on internal movement. Meanwhile, fiscal, macroprudential, and microprudential measures prevailed among the compensatory measures. Simultaneously, 38% of all fiscal measures were direct grants to households and enterprises. The largest number of various measures (78) were implemented in Poland, linking quarantine and compensatory measures. The least compensatory measures were implemented in Ukraine (19) and Slovakia (15). Overall, policy measures helped to avoid a worse scenario of pandemic impact but did not help to overcome the effects of the pandemic fully.
The article states that in the conditions of climate crisis aggravation the decarbonisation of the economy acquires the status of a global initiative aimed at achieving zero CO2 emissions by 2050. It is emphasised that this initiative is closely accompanied by legislation, business modernisation programmes and the creation of equal conditions for both domestic producers and exporters of carbon-intensive products (in particular, through the introduction of the carbon border adjustment mechanism - CBAM) and new rules of the world market. The consequences of CBAM implementation into Ukrainian metallurgical enterprises and the development of their foreign economic activity are determined in the example of Metinvest Group (Ukraine) enterprises. The ambivalence of CBAM is proven. It is substantiated that CBAM implementation will not accelerate, but, on the contrary, will slow down the process of decarbonisation, which will eventually lead to the loss of domestic metallurgical enterprises’ competitive position in the European market of metal products. Regarding the need to take transitional measures to decarbonise the metallurgical business (first of all, to ensure proper investment), the decision should be based on the expected decoupling effect - positive dynamics of economic growth while reducing the negative impact on the environment. The estimating method of the decoupling effect has been modified according to the integrated approach. A trend analysis of the integrated decalin effect indicator and its components was performed in Metinvest Group companies (Ukraine). Based on the results of econometric analysis of the impact of investment on greenhouse gas emissions, the author’s model for determining the volume of investment in the process of decarbonisation of metallurgical enterprises for the period up to 2050 is proposed. Comparative analysis is performed regarding investment in the process of decarbonisation under the scenarios by GMK Center, IEA, McKinsey and Roland Berger, as well as the author’s model.
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