Grassroots Journal of Natural Resources

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Grassroots Journal of Natural Resources

Coordinated and published by The Grassroots Institute, the Grassroots Journal of Natural Resources (GJNR) is an international journal dedicated to the latest advancements in natural resources throughout the world. The goal of this journal is to provide a platform for scientists, social scientists, policy analysts, managers and practitioners (on all academic and professional levels) all over the world to promote, discuss and share various new issues and developments in different arenas of natural resources.


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M – 00309Research Article

Foreign Direct Investment as an Indicator of Environmental Policy

Alla Pecheniuk*1, Iryna Mushenyk2, Nataliia Korzh3, Iryna Mazurkevych4, Nadiia Oliinuk5

1Department of Economy, Entrepreneurship, Trade and Exchange Activities, Higher Educational Institution «Podillia State University», st. Shevchenko, 13, Kamianets-Podilskyi, Ukraine 32300.

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2Department of Mathematics, Informatics & Academic Writing, Higher Educational Institution «Podillia State University», st. Shevchenko, 13 Kamianets-Podilskyi, Ukraine 32300.

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3Department of Management and Administration, Vinnytsia Institute of Trade and Economics of KNTEU, Vinnytsia, Ukraine. Email: | ORCID:–0002–4901–3078

4Vinnytsia Institute of Trade and Economics of State University of Trade and Economics, Vinnytsia, Ukraine.

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5Department of Management, Kamianets-Podilskyi Ivan Ohiienko National University, st. Ivan Ohiienko, 61 Kamianets - Podilskyi, Ukraine 32300. Email: | ORCID:

*Corresponding author

Grassroots Journal of Natural Resources, 5(3): 49-62. Doi:

Received: 15 July 2022

Reviewed: 28 August 2022

Provisionally Accepted: 30 August 2022

Revised: 12 September 2022

Finally Accepted: 24 September 2022

Published: 30 September 2022


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This article examines the problem of direct foreign investment in the context of the environmental policy of different countries of the world. Today, science has quite contradictory conclusions regarding the assessment of the effectiveness of direct foreign investments and its links with ecology. In Ukraine, direct foreign investment is largely believed to originate from offshore zones. Ukrainian companies are very often the "investors". This significantly narrows down both the innovative component of the country’s environment and the changes expected to be brought by direct foreign investment, including in terms of ecological development. Based on the data of the State Statistics Service of Ukraine, the direction of the rational policy of direct foreign investments was determined from the standpoint of identifying its connections with environmental indicators. It is empirically substantiated that the policy of regulating waste generation, the policy of spending on environmental protection, and the level of innovativeness of the country are promising. This article presents forecast models of the development of the areas of foreign direct investment policy formation identified in the study.


Foreign Direct Investment; Environmental Policy; Environmental Problems; Environmental Results; Environmental Criteria


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Harvard Style

Pecheniuk, A., Mushenyk, I., Korzh, N., Mazurkevych, I. and Oliinuk, N. (2022). Foreign Direct Investment as an Indicator of Environmental Policy. Grassroots Journal of Natural Resources, 5(3): 50-63. Doi:

APA Style

Pecheniuk, A., Mushenyk, I., Korzh, N., Mazurkevych, I., & Oliinuk, N. (2022). Foreign Direct Investment as an Indicator of Environmental Policy. Grassroots Journal of Natural Resources, 5(3), 50-63.

ACS Style

Pecheniuk, A., Mushenyk, I., Korzh, N., Mazurkevych, I., Oliinuk, N. Foreign Direct Investment as an Indicator of Environmental Policy. Grassroots Journal of Natural Resources, 2022, 5(3), 50-63.

Chicago/Turabian Style

Pecheniuk, Alla, Mushenyk, Iryna, Korzh, Nataliia, Mazurkevych, Iryna, Oliinuk, Nadiia. 2022. “Foreign Direct Investment as an Indicator of Environmental Policy”. Grassroots Journal of Natural Resources, 5 no. 3: 50-63.

AAA Style

Pecheniuk, Alla, Iryna Mushenyk, Nataliia Korzh, Iryna Mazurkevych and Nadiia Oliinuk. 2022. “Foreign Direct Investment as an Indicator of Environmental Policy”. Grassroots Journal of Natural Resources, 5 (3): 50-63.

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