Determinants of the Innovative and Investment Development of Agriculture

Abstract

The article considers the conditions for the formation of determinants of innovative-investment development of agriculture. A systematic approach to the development of agriculture in a single integration space of intersectoral cooperation and state support through the introduction of effective innovative and investment determinants, which form the criteria of investment attractiveness of economic entities and provide conditions for innovation in production and technological process, is implemented. The levels of innovative and investment development of agriculture are structured. Determinants of innovative and investment development of agriculture and indicators of its estimation are offered. A comprehensive methodological approach to financing innovative and investment projects with state guarantees to potential investors to obtain additional value from the introduction of scientific development in the technological cycle of agricultural production, taking into account economic, social, budgetary, environmental, resource, intellectual, scientific and technical components of innovative and investment processes proposed. It is recommended to evaluate the effectiveness of the introduction of innovations in agriculture by an integrated indicator with the ratio of effects (results) and costs by certain components. Scientific organizations by sectors of activity, which include development in innovative and investment development of agriculture of Ukraine, are analysed. An assessment of innovative and investment activity of Ukrainian producers with the distribution of the average number of employees in agriculture is carried out. The share of expenditures on research and development on agricultural development in the gross domestic product (GDP) of EU-28 countries and Ukraine is determined. The calculation of priority factors of external and internal environment of influence on the efficiency of innovative and investment development of the animal husbandry industry is carried out. The forecast values of functional risks and the level of efficiency of innovative and investment development of the animal husbandry industry of Ukraine are determined.