UDC 332.122:330.322; JEL R11, R58, H54, O18
Ivashko, O. A. (2026). Metodolohichni pidkhody do analizu zbalansovanoho sotsial'no-ekonomichnoho rozvytku rehionu ta efektyvnosti publichnykh investytsiy [Methodological approaches to analyzing balanced socio-economic development of a region and the efficiency of public investment]. In Sotsial'no-ekonomichni problemy suchasnoho periodu Ukrayiny [Socio-Economic Problems of the Modern Period of Ukraine]: Vol. 177 (1) (pp. 18-27). DOI: https://doi.org/10.36818/2071-4653-2026-1-3 [in Ukrainian].
Sources: 15

Authors



Ivashko Olena Anatoliyivna

Ph.D. of Economics, Associate Professor

Associate Professor of the Department of finance of the Lesya Ukrainka Volyn National University

Contacts: olena.ivasko@gmail.com, ivashko.olena@vnu.edu.ua

Webpages:

Resume

The article explores the theoretical and methodological foundations and outlines methods for analyzing the balanced socio-economic development of a region, taking into account the role of public investment as one of the key instruments of state regional policy. The relevance of the study is driven by the deepening of interregional disparities, increasing socio-economic instability, and the limited availability of financial resources, which necessitate improving the effectiveness of regional development management mechanisms and substantiating the performance of public investment. The article argues that ensuring balanced regional development requires the coordinated functioning of economic, social, institutional, and spatial components, which determines the need to apply comprehensive methodological approaches to their analysis. The author proposes an original interpretation of the methodology for analyzing regional development as a multilevel and phased system of cognition that integrates tools of economic analysis, spatial diagnostics, structural and balance assessment, and evaluation of public investment effectiveness. A step-by-step methodology for analyzing balanced socio-economic development of a region is developed, including a general characterization of socio-economic and infrastructural preconditions for development, identification of spatial proportions and disparities between territories and communities, assessment of the volume, dynamics, structure, and effectiveness of public investment, as well as diagnostics of structural balances and the resilience capacity of the regional economy. Special attention is paid to the analysis of the causal impact of public investment on socio-economic development, the scaling of public–private partnership practices, and the assessment of institutional conditions for the implementation of investment projects. A system of indicators for analyzing balanced regional development is elaborated, based on a combination of functional, resource-based, spatial, and structural-balanced approaches. This system encompasses indicators of economic development, social resilience, demographic stability, fiscal and budgetary sustainability, innovation and technological progress, infrastructural modernization, and environmental security. In addition, the article offers a specific set of indicators for assessing public investment, facilitating the analysis of investment scale, structure, funding sources, and implementation effectiveness of regional development projects. The practical significance of the research findings lies in the possibility of applying the proposed methodology and indicator system in the activities of public authorities and local governments in order to enhance the substantiation of managerial decisions, improve public investment mechanisms, and ensure balanced and sustainable regional development.

Keywords:

regional development; balanced development; socio-economic system; public investment; regional policy; analysis methodology

References


1. Ocolișanu, F., Dobrotă, G., & Dobrotă, D. (2022). The effects of public investment on sustainable economic growth: Empirical evidence from emerging countries in Central and Eastern Europe. Sustainability, 14(14). DOI: https://doi.org/10.3390/su14148721
2. Papaioannou, S. (2016). Public investment multipliers in EU countries: Does the efficiency of public sector matter? Athens: Centre of Planning and Economic Research. DOI: http://dx.doi.org/10.2139/ssrn.2755247
3. Ramirez, M. D., & Nazmi, N. (2003). Public investment and economic growth in Latin America: An empirical test. Review of Development Economics, 7(1), 115-126. DOI: https://doi.org/10.1111/1467-9361.00179
4. Thu, Tran, & Le, Hoang Phong (2014). Impact of public investment on economic growth in Vietnam: an experimental look of ARDL model. ResearchGate, 19, 3-10. Retrieved from https://www.researchgate.net/publication/320554219_Impact_of_public_investment_on_economic_growth_in_Vietnam_an_experimental_look_of_ARDL_model
5. Zahorskyy, V. S., & Borshchuk, Ye. M. (2011). Systemnyy analiz kontseptsiyi staloho rozvytku [System analysis of the concept of sustainable development]. Lviv: Lviv Regional Institute for Public Administration of the National Academy for Public Administration under the President of Ukraine. [in Ukrainian].
6. Kovalchuk, K. F., & Savchuk, L. M. (Eds.) (2016). Teoriya ta praktyka rehional’noho rozvytku [Theory and practice of regional development]. Dnipro: Herda. [in Ukrainian].
7. Jalles, J. T., Park, D., & Qureshi, I. (2024). Public and private investment as catalysts for growth: An analysis of emerging markets and developing economies with a focus on Asia. Journal of International Money and Finance, 148. DOI: https://doi.org/10.1016/j.jimonfin.2024.103166
8. Deleidi, M., Iafrate, F., & Levrero, E. S. (2020). Public investment fiscal multipliers: An empirical assessment for European countries. Structural Change and Economic Dynamics, 52, 354-365. DOI: https://doi.org/10.1016/j.strueco.2019.12.004
9. Scandizzo, P. L., & Pierleoni, M. R. (2020). Short and long-run effects of public investment: Theoretical premises and empirical evidence. Theoretical Economics Letters, 10(4), 834-867. DOI: https://doi.org/10.4236/tel.2020.104050
10. Mourougane, A., Botev, J., Fournier, J. M., Pain, N., & Rusticelli, E. (2016). Can an increase in public investment sustainably lift economic growth? OECD Economics Department Working Papers, 1351. DOI: https://doi.org/10.1787/a25a7723-en
11. Chernyak, O. I., & Zakharchenko, P. V. (Eds.) (2019). Aktual’ni problemy prohnozuvannya rozvytku sotsial’no-ekonomichnykh system [Current issues of forecasting the development of socio-economic systems]. Melitopol. Retrieved from https://elibrary.kdpu.edu.ua/xmlui/bitstream/handle/123456789/3606/monograf_%D0%9E%D0%A1%D0%9D%D0%9E%D0%92%D0%9D%D0%90%D0%AF.pdf?sequence=1&isAllowed=y [in Ukrainian].
12. Zvyeryakov, M. I., Kukharska, N. O., Klevtsevych, N. A., & Sharah, O. S. (2019). Stratehuvannya rehional’noho rozvytku: teoriya, metodolohiya, kontseptsiya [Strategic planning of regional development: Theory, methodology, concept]. Odesa: Atlant. Retrieved from https://dspace.oneu.edu.ua/server/api/core/bitstreams/50407f54-b3a8-4973-bca0-482a40423ab7/content [in Ukrainian].
13. Melnyk, M. I. (2012). Formuvannya biznes-seredovyshcha Ukrayiny v umovakh instytutsiiyykh transformatsiy [Formation of the business environment of Ukraine under institutional transformations]. Lviv: Institute of Regional Research of the NAS of Ukraine. Retrieved from http://ird.gov.ua/irdp/p20120301.pdf [in Ukrainian].
14. Shevchuk, L. T. (Ed.) (2011). Prostorovyy rozvytok rehionu: sotsial’no-ekonomichni mozhlyvosti, ryzyky i perspektyvy [Spatial development of the region: Socio-economic opportunities, risks and prospects]. Lviv. Retrieved from https://ird.gov.ua/irdp/p20110301a.pdf [in Ukrainian].
15. Stratehiya rozvytku L’vivs’koyi oblasti na period 2021-2027 rokiv [Strategy for the development of Lviv region for 2021-2027] (2019). Approved by the decision of the Lviv Regional Council dated 2019, Dec 12, 948. Lviv Regional State Administration: Website. Retrieved from https://loda.gov.ua/documents/49999 [in Ukrainian].