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Liburkina L. M.

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Regional Structural Policy in Ukraine: The Theoretical Approaches and Problems of Implementation
Pochenchuk G. M., Babukh I. B.

Pochenchuk, Galyna M., and Babukh, Ilona B. (2025) “Regional Structural Policy in Ukraine: The Theoretical Approaches and Problems of Implementation.” Business Inform 2:311–318.
https://doi.org/10.32983/2222-4459-2025-2-311-318

Section: Regional Economy

Article is written in Ukrainian
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UDC 332.14(477)

Abstract:
The article discusses the conception of regional structural policy, which is an important component of the overall economic policy of the State. The main objective of the regional structural policy is to transform the sectoral structure of the region and achieve sustainable economic growth through innovation, economic diversification and efficient use of resource potential. It is emphasized that regional policy should be aimed at taking into account the specific conditions of each region, and not only national priorities. One of the main tasks is to stimulate innovation, form high-tech sectors and ensure competitive advantages for the development of the territories' economy. Structural changes at the regional level can have a significant impact on the overall economic development of the country, which requires the implementation of specific strategies that take into account the specifics of each territory. The article characterizes the functions of regional structural policy, including regulatory, distributional, control and strategic planning. It is determined that the effective implementation of this policy requires a clear regulatory framework, financial and credit support, as well as institutional interaction between State bodies, local authorities and civil society institutions. The main methods of regulation are direct State investment, subsidies, foreign capital attraction, and preferential taxation. Implementation of the regional structural policy in Ukraine is hampered by the lack of clearly defined powers between central and local authorities, insufficient funding for local authorities, and the absence of an effective regional development strategy. Centralization of resources and finances limits the autonomy of the regions, which hinders the development of local economies. At the same time, promoting the creation of local financial institutions, developing investment strategies, and providing access to financial markets will significantly increase the efficiency of regional structural policy. The authorsemphasize the importance of decentralization and strengthening the role of local authorities in managing economic development in the territories. A regional structural policy that focuses on the specifics of each region is a prerequisite for ensuring balanced economic development of the country as a whole.

Keywords: regional economy, regional structural policy, regional markets, problems of regional structural policy in Ukraine, deformation of the structure of regional capital, mechanism of structural changes in the regional economy, financial resources, institutional potential.

Fig.: 1. Bibl.: 8.

Pochenchuk Galyna M. – Doctor of Sciences (Economics), Professor, Associate Professor, Department of Economic Theory, Management and Administration, Yuriy Fedkovych Chernivtsi National University (2 Kotsiubynskoho Str., Chernivtsi, 58012, Ukraine)
Email: [email protected]
Babukh Ilona B. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Marketing, Innovation and Regional Development, Yuriy Fedkovych Chernivtsi National University (2 Kotsiubynskoho Str., Chernivtsi, 58012, Ukraine)
Email: [email protected]

List of references in article

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Kononenko, O. O. “Suchasni tendentsii rehionalnoi innovatsiinoi polityky“ [Current Trends in Regional Innovation Policy]. https://eprints.kname.edu.ua/30708/1/98.pdf
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Shynkaruk, L. V. “Vzaiemozv'iazok strukturnykh transformatsii ta ekonomichnoho zrostannia Ukrainy“ [The Relationship Between Structural Transformations and Economic Growth in Ukraine]. International Scientific Journal, no. 9 (2015): 180-185.
Shynkaruk, L. V. et al. Strukturni transformatsii v ekonomitsi Ukrainy: dynamika, superechnosti ta vplyv na ekonomichnyi rozvytok : naukova dopovid [Structural Transformations in the Economy of Ukraine: Dynamics, Contradictions and Impact on Economic Development: scientific report]. Kyiv: DU «Instytut ekon. ta prohnozuv. NAN Ukrainy», 2015.

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