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The Investment Model Formation of Railway Industry Development in Ukraine in the Conditions of Eurointegration

Author

Listed:
  • Nataliia Orlova
  • Iuliia Mokhova

Abstract

The authors have studied the contemporary system and features of the railway industry reform in Ukraine and the preconditions for its development in the context of European integration. The main paper objective is to form strategic directions of an investment model for the railway industry development in the context of European integration processes in order to increase the competitiveness of the Ukrainian railway industry and to achieve an increase in its investment attractiveness. The conducted analysis of rail transport productivity with the use of international methods has proved the limited number of indicators of its assessment for Ukraine, which prevents the reliable assessment of the industry investment potential for foreign and domestic investors. The study of the investment attractiveness of the railway industry in the infrastructure section has determined that the development of Ukraine's rail infrastructure nowadays does not correspond to the best indicators of EU leaders and has weak dynamics, which has allowed to assert the low industry investment attractiveness. The authors have proposed the main elements of the investment model for the railway industry development in the conditions of European integration, which will lead to effective integration of the national rail transport system into the world transport space, improve the industry investment attractiveness and competitiveness, and increase the Ukrainian railway infrastructure productivity.

Suggested Citation

  • Nataliia Orlova & Iuliia Mokhova, 2018. "The Investment Model Formation of Railway Industry Development in Ukraine in the Conditions of Eurointegration," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 125-140.
    • Handle: RePEc:bas:econst:y:2018:i:3:p:125-140
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    References listed on IDEAS

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    1. Cantos, Pedro & Manuel Pastor, José & Serrano, Lorenzo, 2012. "Evaluating European railway deregulation using different approaches," Transport Policy, Elsevier, vol. 24(C), pages 67-72.
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    More about this item

    JEL classification:

    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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