The Assessment of the Impact Investments on the Economic Development of Ukraine Based on Panel Data

Abstract

Dynamic changes in the structure of foreign direct and domestic investments in Ukraine in nominal terms were analyzed. Their cumulative effect on gross regional product was determined based on the application of analysis of variance. Panel data were used to assess the impact on the regional domestic product of foreign direct and domestic investment. To conduct analysis of variance, cluster analysis was previously used to divide the studied set of regions of Ukraine into homogeneous groups. It was established that there are significant differences in the economic development of regions by factors.