The economic development of regions in Ukraine: with tests on the territorial capital approach

Abstract The territorial capital approach is used to investigate the economic development of regions in Ukraine an empirical model. In addition ‘traditional’ models regional development, potentially important variables for growth, such as elements social and societal (e.g., trust, corruption, non-profit organizations, libraries), are included. Furthermore, effects military conflicts on described. results suggest that—while there no clear-cut all capital—some interesting significant importance Ukraine. For instance, strengthening cultural social, well institutional parts overall governance structure, may have positive equal those originating from hard infrastructure, roads railroads. also indicate that—besides devastating conflicts—there a range options public policies supporting capital. These include provision implementation robust legal frameworks increase trust reduce support educational efforts institutions civil society, promotion local (i.e. municipal) investments framework foundational economy.