System for Monitoring Operation of Industrial Parks as an Instrument to Secure Budgetary Support for Innovation and Investment Activities
Ukraine urgently needs to address the issues related with building the innovative economy as a source of sustainable growth, smoothing out regional disparities, eliminating the depressed condition of the industry. The purpose of this article is to substantiate the rationale for developing a system for monitoring of operation of industrial parks in Ukraine, with outlining the nomenclature of relevant indicators and monitoring procedure. Monitoring of operation of industrial parks in Ukraine is supposed as a source for analytical information for local and central administrative offices responsible for making t legal decisions pertaining to innovation and investment, as well as other public administrations and stake holders (businesses, research organizations etc.). A database of industrial parks in Ukraine is built by the authors, containing detailed information on the existing projects of industrial parks in Ukraine and the proposals to create new ones. The nomenclature of indicators for monitoring consists of seven modules including absolute and relative indicators. The indicators can be used to derive generalized assessments of the efficiency of regional investment and innovation capacities, their impact on competitiveness and sustainable development in an area, which is essential for forecasting and building investment and innovation strategies in Ukrainian regions. Also, a system of score indicators is proposed, which uses relative change in the values of parameters, thus allowing for monitoring developments in industrial parks over time and mitigating, in a way, negative effects. For taking management decisions to support an industrial park, by-phase procedure of monitoring is proposed. Criteria for ranking of industrial parks are given, to check correlations between legally fixed and really pursued objectives of a park.