Management of Financial and Economic Development of Border Regions of Ukraine

Abstract

The aims of the research are to study the management efficiency of financial and economic development of the border regions of Ukraine through the assessment of funding of the Cross-Border Cooperation Programme Poland-Belarus-Ukraine 2014-2020. The methodology is based on quantitative and qualitative research following the concept of “cross-border regional innovation system”. The basic research methods are statistical analysis of project financing indicators of the Cooperation Programme and content analysis of reports for 2016-2019 on project implementation. The results demonstrate the crucial role of the proximity of border regions in the level of development of the social-economic system, which accelerates cross-border cooperation and the effects of integration. Quantitative and qualitative assessments of the Programme prove the existence of insignificant short-term effects of cooperation between countries due to different levels of development of the border regions of Ukraine and Poland. The higher level of economic development of Poland’s regions has provided a comparative advantage in the implementation of projects in the framework of the Programme. The formation of a market model of Ukraine’s economy determines the implementation of projects in the social sphere, which in the long run will provide an influx of investment. The practical significance of the results lies in the possibility of using the results of the study in the development of cross-border cooperation programs within the concept of “cross-border regional innovation system”.