INSTITUTIONAL ASPECT OF BROWNFIELDS REVITALIZATION: THE CASE OF UKRAINE

Authors

DOI:

https://doi.org/10.35774/jee2021.02.303

Keywords:

Brownfield, institutes of regional development, modernization, industry, revitalization, technological development.

Abstract

The article investigates the institutional aspect of brownfields revitalization – areas or sites that are derelict, contaminated and in need of active measures before they can be effectively used again for social and economic development of the area. The method of expert survey was used as a tool to identify problematic issues of brownfields revitalization and test the hypothesis of the need for institutional support to ensure the modernization of the economy of old industrial regions. The general conclusion that can be drawn from the conducted research is that institutional measures for brownfields revitalization should be aimed at developing special institutions that would facilitate the revitalization of brownfields in order to modernize the economy of the regions. Namely, brownfields should be transformed into locations for innovation infrastructure and organizations to support small and medium enterprises; advantageous specialization of the region should be ensured by creating industrial sites that meet the current technological requirements, have modernized production facilities, specialize in the production of science-intensive products or waste recycling, and operate on principle of circular economy.

JEL: O18, О30, О38, Q01.

Author Biography

Myroslava SOLDAK, Institute of Industrial Economics of the National Academy of Sciences of Ukraine, Kyiv

Candidate of Economic Sciences, senior researcher, scientific secretary

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Received: April 6, 2021.

Reviewed: April 18, 2021.

Accepted: May 5, 2021.

Published

25.06.2021

How to Cite

SOLDAK, Myroslava. “INSTITUTIONAL ASPECT OF BROWNFIELDS REVITALIZATION: THE CASE OF UKRAINE”. Journal of European Economy, vol. 20, no. 2, June 2021, pp. 303-26, doi:10.35774/jee2021.02.303.