Investment attractiveness of eco-industrial parks

Abstract

This study is dedicated to investigating the potential of eco-industrial parks in Ukraine, emphasizing their economic attractiveness and role in promoting sustainable development. The study aims to substantiate the feasibility of implementing the eco-industrial parks model as an effective tool to enhance the competitiveness of industrial zones, while simultaneously reducing negative environmental impacts. The main objectives include analysing global practices of eco-industrial parks implementation, assessing the economic viability of this model in the Ukrainian context, and formulating recommendations for adapting these approaches to meet local needs and challenges. The methodology employed in the study consists of economic-mathematical models, comprehensive literature analysis, and strategic planning tools. This allowed for an in-depth examination of the key factors that influence the successful adoption of eco-industrial parks in different countries, with a particular focus on regions with transitional economies like Ukraine. The application of economic feasibility models further helps to project the potential GDP growth and overall impact on national economic performance. The findings reveal that the introduction of eco-industrial parks in Ukraine is highly economically feasible, especially given the country’s ongoing industrialization and pressing environmental challenges. Furthermore, the study highlights the importance of adapting the eco-industrial parks model to local conditions through strategic initiatives, utilizing the Ansoff Matrix to explore the various paths of development. This approach assists in identifying potential strategies for market expansion, product diversification, and innovation in green technologies within the context of Ukraine’s industrial sector. The scientific novelty of this research lies in the justification of the economical attractiveness of the eco-industrial parks development in Ukraine based on the results of the Ansoff matrix analysis of the strategies for the eco-industrial parks developments in Ukraine. The conclusions stress the urgent need for government support, both in terms of policy frameworks and financial incentives, to facilitate the successful deployment of eco-industrial parks and ensure their long-term sustainability. Future research directions are likely to focus on legal and institutional support mechanisms for eco-industrial parks, particularly in the context of Ukraine’s ongoing alignment with European environmental standards. There is also significant scope for further research into the long-term economic models that could measure the sustained benefits of eco-industrial parks implementation, including their potential contribution to GDP growth, energy efficiency improvements, and employment generation in environmentally responsible industries.