Sufficiently high in 2016 was profitability of wholesale, retail trade, repair of
motor vehicles and motorcycles - 28.1%, financial and insurance activities - 31.5% and
education - 15.2%. Of the above listed types of economic activity, the first two were
unbeatable, but education, in the base year, ended the financial year with losses.
Moreover, the level of its losses was -6.4%.
During the entire period of research the activity in the area of administrative and
support services and art, sports, entertainment and recreation was loss-making for
Khmelnytskyi region. So, if the first kind of economic activity had minor losses, their
level fluctuated within 1.2 - 5%, the second one - art, sports, entertainment and
recreation had losses from 1.2 to 55%. Although the reporting year itself has shown
that cultural activities can be carried out with minor losses. Because exactly during this
period the level of their losses was -1,2%.
From the above, it follows that the level of investment in Khmelnytskyi is
increasing, the gross regional product, the share of profitable enterprises and the
profitability of the key sectors of the economy of the analyzed area, which are subject
to investment (agriculture, forestry and fisheries), are increasing. We can quantify the
impact of these factors on the magnitude of production efficiency by possibly creating
an appropriate model of factor analysis and applying appropriate methods and
techniques. We propose an effective feature for this model - the level of returns of non-
current assets, and the factors will be the level of investment in the economy and the
size of capital investments in the amount of 1 UAH non-current assets. A method that
will allow calculations will be a kind of elimination, namely, the adoption of a chain
substitution. The base period for the model will be 2012, and the reporting periods will
change from 2013 to 2016. The results obtained will be presented in Table 9.
Table 9 Interconnection of the level of economy investment and production
efficiency in Khmelnytskyi region
Indicator
2012
2013
2014
2015
2016
Gross regional product (in actual prices), mln.
UAH
26237
26426
32162
41088
41622
Capital investments, mln. UAH
3489.3
3637.6
4078.3
6809.3
9123.3
Non-current assets, UAH million
22486.7 25077.8 27543.3 27259.4 31809.9
The rate of return of non-current assets, UAH
1.17
1.05
1.17
1.51
1.31
Capital investment in the amount of 1 UAH,
non-current assets, UAH
0.16
0.15
0.15
0.25
0.29
Investment level of the economy, %
13.67
14.28
12.82
21.74
22.14
Total deviation of the return of non-current
assets to base year
100
-0.11
0.00
0.34
0.14
including changes
-level of economy investing
-
-0.03
-0.04
0.79
0.61
-the size of capital investments in the amount of
1 UAH, non-current assets
-
-0.08
0.04
-0.45
-0.47
- 208 -