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Assessing business sector roles in investment appeal and innovation development

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Category: Content №6 2025

Last Updated on 25 December 2025

Published on 30 November -0001

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Authors:

M. Alamarat*, orcid.org/0000-0002-3426-9345, Al-Balqa Applied University, Al Salt, Jordan, е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

O. Sokil, orcid.org/0000-0002-3121-826X, Lviv Polytechnic National University, Lviv, Ukraine, е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Ya. Sokil, orcid.org/0000-0001-5970-4481, Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine, е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

S. Kucherkova, orcid.org/0000-0002-1953-063X, Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine, е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

A. Kostyakova, orcid.org/0000-0001-5026-0087, Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine, е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

I. Boiko, orcid.org/0000-0001-6876-526X, Odesa Polytechnic National University, Odesa, Ukraine

* Corresponding author e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

повний текст / full article

Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2025, (6): 237 - 245

https://doi.org/10.33271/nvngu/2025-6/237

Abstract:

Purpose. To conduct a comprehensive analysis of the results of the influence of business activities on investment attractiveness and innovative development in the country.

Methodology. The methods include a theoretical review and content analysis of business environment indicators, construction of a multifactor regression model of investment intensity as a function of value added, income, own investments and profit of enterprises based on data from 2014–2024, and verification of the reliability (R²) of trend-extrapolation forecasts.

Findings. The comprehensive analysis confirms the importance of the business sector for the country’s investment attractiveness and innovative development. The developed model explains 99 % of the variation in the investment development indicator, noting the dominant role of business reinvestment in determining the share of investment in GDP. The investment-to-GDP ratio fell to 5.3 % in 2022 and partially recovered to 6.98 % in 2024. In the absence of significant policy measures, baseline forecasts indicate a decline to 5.8 % in 2025 and 4.9 % in 2026. The Investment Attractiveness Index in Ukraine has improved but remains below neutral, and business expectations for 2024 remain subdued.

Originality. An integrated model is proposed that quantitatively links business activity indicators with the investment intensity of the economy and empirically confirms the dominant role of reinvestment in capital formation. Regression analysis is combined with business activity indicators and sectoral indicators, which allows for a deeper assessment of the relationships between business behavior, investment flows, and innovative development.

Practical value. The recommendations developed in the article are aimed at business managers regarding long-term capital investment planning, development of reinvestment policies, and partnerships with universities and donor institutions. The implementation of these approaches will increase the investment and innovation potential of enterprises, contribute to the restoration of the national economy, and strengthen the resilience of the business environment in the post-war period.

Keywords: business, economic modeling, innovation, economic growth

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