ASSESSING THE IMPACT OF MACROECONOMIC INDICATORS AND WAR ON INVESTMENT ACTIVITY IN THE FIELD OF PUBLIC-PRIVATE PARTNERSHIP

The purpose of the article is to assess how key macroeconomic indicators (inflation, discount rate) affect the volume of investments in public-private partnership projects in Ukraine in the context of a full-scale war and subsequent reconstruction. The object of the study is investment activity within the framework of public-private partnership in Ukraine. The main task is to form a multiple regression model to assess the impact of macroeconomic factors on the volume of investments in public-private partnerships. The article identifies the relationships between the main macroeconomic factors and investment activity in the field of public-private partnership in Ukraine in the period 2021–2024. It is proven that the level of inflation and discount rate are characterized by negative dynamics of influence, reducing the interest of private capital in participating in joint infrastructure initiatives with the state. The article presents the results of an econometric analysis of the relationship between key macroeconomic indicators (inflation, discount rate) and the volume of investments in public-private partnership projects in Ukraine in the period 2021–2024. Particular attention is paid to the structural shock caused by a full-scale war, which was formalized using the artificial variable WAR. The results obtained allow us to conclude that an adaptive investment policy of the state is necessary in conditions of high economic and security turbulence. At the same time, an alternative is presented in the form of a passive strategy, which takes place but is not relevant in today's conditions.