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The Impact of TNCs' Technological Resources on Ukrainian Industrial Investment Processes

Author

Listed:
  • Olena Salikhova

    (Public Institution "Institute for Economics and Forecasting, Ukrainian NAS", Kyiv)

  • Halyna Bak

    (Public Institution "Institute for Economics and Forecasting, Ukrainian NAS", Kyiv)

Abstract

Based on the author's methodological approach ТNCs' technological resources impact on innovative investment processes in industry of Ukraine is identified. It is based on economic-mathematical methods of modelling and author's parameters system, including foreign direct investments, royalty, imports of capital and goods. The key determinants of innovative development of Ukrainian industry and investment processes are identified, which allowed to set the most effective channels for attracting foreign technology and to create scientific recommendations for strengthening benefit for national economy from using foreign technology. To determine the leverage of dynamics in modernization processes of domestic industry, we have at first developed a methodical 6-stage approach that allows us to construct an "input-output" model of innovative and investment processes in Ukrainian industry. The results and conclusions allow us to assert that attracting TNCs' technological resources into the economy of Ukraine has a positive impact both on innovative and investment processes of industry as well as on their effectiveness. Greenfield projects value indicator (greenfield_FDI_pr_value), though not included in any mathematical models because of low correlation coefficients, is recognized as the most effective channel for technology transfer to the national economy in a way of foreign direct investment. It is important though, since it indicates the relationship between funding of innovations and investment in industry, which itself is a positive trend.

Suggested Citation

  • Olena Salikhova & Halyna Bak, 2014. "The Impact of TNCs' Technological Resources on Ukrainian Industrial Investment Processes," Ukrainian Journal Ekonomist, Yuriy Kovalenko, issue 10, pages 35-38, October.
    • Handle: RePEc:uje:journl:y:2014:i:10:p:35-38
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    References listed on IDEAS

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    1. Wolfgang Keller, 2004. "International Technology Diffusion," Journal of Economic Literature, American Economic Association, vol. 42(3), pages 752-782, September.
    2. Eaton, Jonathan & Kortum, Samuel, 2001. "Trade in capital goods," European Economic Review, Elsevier, vol. 45(7), pages 1195-1235.
    3. Bin Xu & Jianmao Wang, 1999. "Capital Goods Trade and R&D Spillovers in the OECD," Canadian Journal of Economics, Canadian Economics Association, vol. 32(5), pages 1258-1274, November.
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