Public investment as a tool for implementing regional development strategies: an empirical analysis of data from Lviv oblast

Анотація

The purpose of this article is to analyze investment initiatives in Lviv oblast and their alignment with the region’s development goals as defined in the Lviv Oblast Development Strategy, as well as to identify strategic goals whose implementation is actively supported through the execution of relevant tasks – including via public investment – and those areas of development that remain insufficiently covered by project activities. The article presents a comprehensive analysis of public investments in the Lviv region registered in the DREAM system. The study covers the classification of investment projects by implementation status, revealing that over 51% are in the implementation phase, a significant portion is in the initiation stage, while the rest have been completed or canceled with varying degrees of success. An analysis of the sectoral structure of investments revealed a dominance of funding for education, water supply and sanitation, as well as healthcare. By type of activity, reconstruction, modernization, and repair predominate, while new construction and equipment procurement account for a smaller share, indicating the region’s focus primarily on maintaining basic social infrastructure. Project initiatives were compared with the strategic goals and objectives defined in the Lviv Region Development Strategy through 2027. This made it possible to assess the extent to which investments align with strategic priorities and to identify the areas with the greatest impact on regional development. At the same time, the analysis showed that a significant portion of funding is directed toward strengthening and repairing social infrastructure, which is often cyclical in nature and not accompanied by systemic changes. The lack of available tools for a comprehensive assessment of the effectiveness of implemented projects was specifically highlighted, which limits the ability to measure long-term results. The findings indicate active regional development dynamics, but also point to the need to redirect a portion of investments toward strategic, innovative, and infrastructure-resilient solutions capable of ensuring a long-term improvement in the quality of life for the population.

Класифікація

Ідентифікатори

Схожі роботи