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The Mechanism of Social Investment of the Construction Projects as a Factor of Economic Growth of Luhansk Region in the Conditions of Post-Crisis Transformations
Kramchaninova M. D., Panychok M. Y., Bovt Е. A.

Kramchaninova, Maiia D., Panychok, Marina Yu., and Bovt, Еlena A. (2020) “The Mechanism of Social Investment of the Construction Projects as a Factor of Economic Growth of Luhansk Region in the Conditions of Post-Crisis Transformations.” Business Inform 1:182–188.
https://doi.org/10.32983/2222-4459-2020-1-182-188

Section: Economics of Construction

UDC 338.012

Abstract:
The article is aimed at substantiating the possibility and expediency of applying the mechanism of social investment in the materialization of infrastructure projects in the Luhansk region as a factor in the vitalization of activities of the regional construction enterprises in the period of post-crisis transformation. The features of construction industry are considered, its impact on meso-economic transformations is defined with the help of correlation analysis. It is determined that the change in the volume of gross regional product of Luhansk region by 88,76% is caused by the impact of changes in the volume of construction and installation works in the region. The problems of the modern stage of development of Luhansk region as a region of post-crisis transformation are outlined, the main problems and obstacles to the restoration of the socio-economic system of the region, including its construction industry, are specified. In particular, a number of social problems is identified, to which regional construction enterprises need to be involved; the need to restore objects of social and transport infrastructure, to build housing for preferential categories of citizens, displaced persons etc. is specified. It is noted that in the Luhansk region in the post-crisis period there is a very acute problem of scarcity of financial resources because of the negative impact of crisis phenomena on the budgetary potential of the region. The need to introduce a mechanism of social investment in the practice of implementation of socially significant construction projects in the conditions of post-crisis economic recovery of the region is substantiated. An algorithm for making decisions on the implementation of socially significant projects involving construction enterprises in the region is proposed.

Keywords: post-crisis transformations, construction enterprises, accelerator effect, socially significant projects, financing, social investment, ranking.

Fig.: 2. Tabl.: 1. Formulae: 1. Bibl.: 11.

Kramchaninova Maiia D. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Entrepreneurship, Volodymyr Dahl East Ukrainian National University (17 Ioanna Pavla II Str., Kyiv, 01042, Ukraine)
Email: [email protected]
Panychok Marina Yu. – Student, Volodymyr Dahl East Ukrainian National University (17 Ioanna Pavla II Str., Kyiv, 01042, Ukraine)
Email: [email protected]
Bovt Еlena A. – Masters Student, Volodymyr Dahl East Ukrainian National University (17 Ioanna Pavla II Str., Kyiv, 01042, Ukraine)
Email: [email protected]

List of references in article

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Bozhydarnik, T. V. “Upravlinnia hnuchkym rozvytkom pidpryiemstv v transformatsiinii ekonomitsi: stratehichnyi aspekt“ [Managing Flexible Enterprise Development in a Transformational Economy: A Strategic Aspect]: avtoref. dys. … kand. ekon. nauk : 08.06.01, 2013.
Vishtunts, A. P. “Razvitiye proizvodstvenno-resursnogo potentsiala stroitelnykh predpriyatiy“ [Development of the Production and Resource Potential of Construction Enterprises]: avtoref. dis. … d-ra ekon. nauk : 08. 00. 04, 2013.
Tkachenko, Ya. S. “Finansuvannia v ramkakh derzhavno-pryvatnoho partnerstva: metodolohichni pidkhody do vyznachennia sutnosti ta osnovnykh elementiv infrastruktury“ [Public-Private Partnership Financing: Methodological Approaches to Identifying the Essence and Essential Elements of Infrastructure]. Visnyk Akademii pratsi i sotsialnykh vidnosyn Federatsii profspilok Ukrainy, no. 2 (2014): 77-83.
Shchepkina, N., and Kramchaninova, M. “Business process reengineering for the increase in the environmental friendliness of construction“. Topical Problems of Architecture, Civil Engineering and Environmental Economics, vol. 91. 2019. DOI: https://doi.org/10.1051/e3sconf/20199108048.
“Valovyi rehionalnyi produkt Luhanskoi oblasti za period 2012-2018 rr.“ [Gross Regional Product of Luhansk Region for the Period 2012-2018]. Ofitsiinyi sait Holovnoho upravlinnia statystyky u Luhanskii oblasti. http://lg.ukrstat.gov.ua/sinf/nacrah/rnacrah.php.htm
“Obsiah realizovanoi produktsii (tovariv, posluh) pidpryiemstv za vydamy ekonomichnoi diialnosti za period 2012-2018 rr.“ [Volume of Sold Products (Goods, Services) of Enterprises by Types of Economic Activity for the Period 2012-2018]. Ofitsiinyi sait Holovnoho upravlinnia statystyky u Luhanskii oblasti. http://lg.ukrstat.gov.ua/sinf/rospidpr/rospidpr0718_4.php.htm

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