Abstract
The purpose of the article is to theoretically substantiate the leading role of investment in economic growth and development and to confirm the relationship between investment and economic growth on the example of empirical analysis of the agricultural sector of Ukraine’s economy. Research methods. Methods: dialectical method of scientific knowledge, analysis and synthesis, systemic generalization (study of the evolution of theories of economic growth; determining the list of factors for the analysis of economic growth, drawing conclusions), correlation and regression analysis (quantitative measurement of capital investment). in the agricultural sector on the gross value added of the agricultural sector, household income on the volume of investments in the agricultural sector and the rating of investment attractiveness of Ukraine on the gross value added of the agricultural sector). Research results. The leading role of investments in economic growth have been theoretically substantiated. The main factors of economic growth of agrarian economy has been established. A regression models have been built for dependence of gross value added of the agricultural sector on the volume of capital investments; of volume of capital investments in the agricultural sector from household incomes and of gross value added of the agricultural sector from the rating of investment attractiveness of Ukraine (Ease of Doing Business). Scientific novelty. Based on the establishment of the main factors of growth of the agricultural economy, econometric models has been built, which are based on linear regression and allow to determine the degree of dependence between gross value added of the agricultural sector and the volume of capital investment; between volume of capital investments in the agricultural sector and a household incomes, and between gross value added of the agricultural sector and the rating of investment attractiveness of Ukraine (Ease of Doing Business). Practical significance. Conclusions, proposals and practical recommendations can be used in the development of state programs for the development of the agricultural sector of Ukraine's economy. Tabl.: 1. Figs.: 3. Refs.: 20.
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