The role of foreign direct investments in the innovation-driven growth of Ukraine

Lyubov Viktorivna Artemenko


The paper presents growth determinants in Ukraine, with a focus upon qualitative features of capital inflows and empirical arguments in favor of knowledge-oriented domestic and foreign investments. Firstly, the features of capital flows in Ukraine are outlined. Secondly, the necessary theoretical framework to study the effects of FDI on economic growth is provided with the help of Romer dynamic macro model. Thirdly, the relationship between GDP growth and factors of innovative development is estimated. Author argues that increase of FDI into innovative spheres will facilitate the raise of productivity, technology development and the structural transformation of economy.


FDI; innovations; economic growth

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Articles are distributed under Creative Commons Attribution  International 4.0 (CC-BY-NC 4.0) 

Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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