Development of the regions of Ukraine in the conditions of today's challenges

Abstract

The article's authors attempted to construct an optimistic scenario for the socio-economic development of the Kharkiv oblast. They analyzed pre-war indicators of the region's economic, social, and environmental conditions, considering the state's involvement in the post-war reconstruction of the region. The scenario construction was based on an econometric model, which confirmed the relationship between investments and the gross regional product and the placement coefficient, revealing Kharkiv Oblast's comparative advantages in the service sectors, particularly in IT and industry. Through their calculations, the authors concluded that investments played a crucial role in capital accumulation and increased productivity during the post-war reconstruction process in the region. The authors calculated the placement coefficient indicators specifically for the Kharkiv region. The results confirmed that the region has the prerequisites for post-industrial development during the post-war reconstruction. However, the situation is complicated by the need to finance the region's devastated infrastructure. The researchers emphasized the importance of attracting investments in sectors that directly contribute to human capital formation, such as education, scientific activities, and healthcare. The authors also highlighted the potential risks and threats associated with post-industrial development in the Kharkiv oblast. On a model level, the authors outlined various options for regional state policies aimed at the recovery and development of regional economies. Both considered options prioritize the formation of market incentives for regional development. The scientists acknowledged that in conditions of uncertainty, future development scenarios for regions in Ukraine, including the Kharkiv region, possess an alternative and probabilistic nature. Furthermore, the researchers identified areas for further scientific research, emphasizing the importance of an interdisciplinary approach that combines economics, political science, regional studies, and ecology. Keywords: regions, socio-economic development, gross regional product, placement coefficient, post-war reconstruction.