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Attraction of migration capital into investment activity in Ukraine

Author

Listed:
  • Tkachuk Iryna G.

    (Precarpathian National University named after V. Stefanyk)

  • Vusyatytska Maryana P.

    (Precarpathian National University named after V. Stefanyk)

Abstract

The article analyses volumes and structure of receipt of private money transfers into Ukraine. It shows that a significant part of money transfers is used for consumption, which testifies to the not used investment potential of the migration capital. It marks out main directions of measures on stimulation of investing money transfers of migrants into economy, namely: improvement of financial instruments for migrants, increase of financial literacy of migrants and members of their families; attraction of migrants to general investments into entrepreneurial activity; and support of individual entrepreneurship of migrants. The article considers foreign experience of the use of migrant funds as an investment resource. It determines the role of local and state bodies of authority, financial institutions, associations of migrants and other non-governmental organisations in the investment activity of migrants. It offers measures on attracting migration capital into economy.

Suggested Citation

  • Tkachuk Iryna G. & Vusyatytska Maryana P., 2013. "Attraction of migration capital into investment activity in Ukraine," The Problems of Economy, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), issue 3, pages 34-40.
    • Handle: RePEc:idp:redpoe:y:2013:i:3:p:34_40
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