Innovative challenges and post-crisis prospects of Ukrainian mining and metallurgical industry

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Authors:

V.V.Bilotserkivets, Dr. Sc. (Econ.), Prof., National metallurgical academy of Ukraine, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; This email address is being protected from spambots. You need JavaScript enabled to view it.

O.O.Zavhorodnia, Dr. Sc. (Econ.), Assoc. Prof., National metallurgical academy of Ukraine, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; This email address is being protected from spambots. You need JavaScript enabled to view it.

Abstract:

Purpose. The subject of the study is to reveal fundamental problems faced by Ukrainian mining and metallurgical complex in current conditions, to determine perspectives of its post-crisis recovery and basic directions of state support to its innovation development.

Methodology. The results are obtained with the following methods: scientific abstraction for determining the basic problems of innovative activity of the national mining and metallurgical complex, aggregation and structural analysis for determining the budget imperatives of state investment expansion; correlation and statistical analysis, economic and mathematical modeling for studies of directions and forms of budget stimulation of innovative activity.

Findings. The key role of mining and metallurgical complex in maintenance of the economic growth in Ukraine and export support of its trade balance is revealed. The main problems and prospects of state regulation of its innovative development in the post-crisis period are characterized. The macroeconomic principles, mechanisms and forms of effective budget support of investment and innovation activities of mining and metallurgical industry are defined. The main directions of replenishment of the Ukrainian consolidated budget and forming the financial base of the state investment expansion by involving the additional non-tax revenues are concretized.

Originality. The scientific novelty involves improving the model of macroeconomic mechanism of state budget expansion and development of proposals that are directed on growth of private capital investment and increase in their innovative-oriented part.

Practical value. There are developed principles of state innovation and investment support of the mining and metallurgical industry in the post-crisis conditions; the complexes of concrete measures of budget stimulation of innovation activity of domestic enterprises are proposed.

References

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3. Pylypenko, Yu.I., 2012. The technological system of society and its structure. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 6(132), pp. 147‒153.

4. Fedulova, L.I., 2013. Innovative vector of industry development in Ukraine. Economy of Ukraine, 4, pp. 15‒23.

5. The Global Innovation Index. – Available from: www.globalinnovationindex.org [Accessed 30th September 2016].

6. The official website of the State Statistics Servise of Ukraine. [online] Available at: <www.ukrstat.gov.ua> [Accessed 29 September 2016].

7. State Statistics Service of Ukraine, 2014. Research and Innovation in Ukraine in the 2014. Statistical Yearbook. Kyiv: State Statistics Service of Ukraine.

8. The official website of the National Bank of Ukraine. [online] Available at: <www.bank.gov.ua>. [Accessed 10 February 2016].

9. The official website of the Ministry of Finance of Ukraine. [online] Available at: <www.minfin.gov.ua> [Accessed 20th September 2016].

10. Paying Taxes 2015: The global picture. [online] Available at: <www.doingbusiness.org/Paying-Taxes-2015.pdf> [Accessed 25 February 2016].

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Registration data

ISSN (print) 2071-2227,
ISSN (online) 2223-2362.
Journal was registered by Ministry of Justice of Ukraine.
Registration number КВ No.17742-6592PR dated April 27, 2011.

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