Integrated evaluation of investment attractiveness in the context of economic sectors: Ukraine as a case study

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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.

Acknowledgements
This 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.

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    • Figure 1. Dynamics of sectoral capital investments
    • Table 1. Investment attractiveness indicators
    • Table 2. Determining the most influential group of factors
    • Table 3. Calculation of the integrated indicator of investment attractiveness of the economy sector
    • Conceptualization
      Iurii Umantsiv
    • Data curation
      Iurii Umantsiv
    • Investigation
      Iurii Umantsiv, Ivan Cherlenjak, Volodymyr Prikhodko, Yuliіa Sonko, Maryna Shtan
    • Resources
      Iurii Umantsiv, Ivan Cherlenjak, Volodymyr Prikhodko, Yuliіa Sonko, Maryna Shtan
    • Methodology
      Iurii Umantsiv, Ivan Cherlenjak, Yuliіa Sonko
    • Supervision
      Iurii Umantsiv, Ivan Cherlenjak, Volodymyr Prikhodko
    • Validation
      Iurii Umantsiv, Ivan Cherlenjak, Volodymyr Prikhodko
    • Writing – original draft
      Iurii Umantsiv, Ivan Cherlenjak, Volodymyr Prikhodko, Yuliіa Sonko, Maryna Shtan
    • Formal Analysis
      Yuliіa Sonko
    • Writing – review & editing
      Yuliіa Sonko
    • Visualization
      Maryna Shtan