scholarly journals Comparative Analysis of Methods for Evaluating Efficiency of Regional Investment Policy

2021 ◽  
Vol 93 ◽  
pp. 03030
Author(s):  
Liliya Nevyantseva ◽  
Nataliya Vlasova
Keyword(s):  
Policy Evaluation ◽  
Regional Level ◽  
Investment Policy ◽  
Russian Regions ◽  
Investment Climate ◽  
Investment Performance ◽  
Qualitative And Quantitative ◽  
Regional Investment ◽  
Research Findings ◽  
Tools And Methods

The article highlights the issues of methodological tools for evaluating the efficiency of regional investment policy. The article provides international experience of investment policy evaluation and presents the evolution of approaches to evaluating the investment policy of Russian regions and the investment climate. Four approaches are outlined on the basis of domestic methods analyzed: cost-result, rating, integral and complex (qualitative and quantitative). The approach based on evaluation of investment performance and the costs incurred is widely used in Russia. The conclusions are drawn from the research findings: the existing approaches to evaluating the efficiency of investment policy at the regional level have disadvantages and use restrictions. The concluding part contains outlined actions aimed at improving the tools and methods for evaluating the efficiency of investment policy of regional units.

scholarly journals Integration of investment strategies in the system of strategic planning of territorial development

Upravlenie ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 87-94
Author(s):  
O. V. Kozhevina
Keyword(s):  
Strategic Planning ◽  
Russian Federation ◽  
Legal Regulation ◽  
Economic Security ◽  
Regional Level ◽  
Russian Regions ◽  
Investment Climate ◽  
Territorial Development ◽  
Investment Projects ◽  
The Russian Federation

The issues of legal regulation of investment activity at the level of the Federation entities of the Russian Federation have been considered. The purpose of the research is the study of strategic documents in the field of investment activities of the Federation entities of the Russian Federation and the regulatory framework. The object of the research is the mechanism of strategic planning of investment development of territories. An empirical study of the implementation of investment processes in Russian regions has showed, that legal regulation is heterogeneous, but in general, well presented and allows improving the investment climate and encouraging investment, as well as to some extent influencing the economic security of the regions. The experience of the functioning of specialized organizations to attract investment and work with investors, the organization of public-private partnership at the regional level has been studied. The algorithm of approval of investment projects of territorial development has been presented.On the example of a large Russian region - the Altai Territory - the provisions and principles of the investment declaration of the subject, such as equality of the subjects of entrepreneurial and investment activities, involvement of subjects of entrepreneurial and investment activities in the investment process, transparency (openness) of information, the use of best practices of work with investors have been considered. A set of internal measures and instruments for the implementation of an effective investment policy at the regional level has been determined. Attention has been paid also to the relevant issue of concluding concession agreements as a way to develop territories and implement infrastructure projects. Internal measures have been proposed to increase the investment attractiveness of the Russian regions, in particular, are necessary the transformation of the business climate, increasing the responsibility of regional executive authorities for the investment development of territories and creating a favorable investment climate, ensuring the availability of long-term financing sources for investment projects, the development of venture financing and crowdfunding. 

scholarly journals State Regulation of Institutional Changes in Regional Investment Policy (for example Dnepropetrovsk Region)

2021 ◽  
pp. 66-74
Author(s):  
N. Osadcha ◽  
◽  
V. Zatyshniak ◽  
Keyword(s):  
Policy Formation ◽  
State Regulation ◽  
Investment Policy ◽  
Institutional Changes ◽  
Investment Climate ◽  
Legal Problems ◽  
Regional Investment ◽  
European Experience ◽  
Favorable Conditions ◽  
National Investment

The article analyzes the legal problems of regional investment policy formation. The legal bases of attracting investors in the conditions of decentralization are determined. The institutional basis of creating an investment climate in Ukraine, the experience of other countries in creating attractive conditions for investors are studied. Recommendations for improving the national investment legislation taking into account the European experience have been developed, namely the creation of new legislative acts is proposed, which will allow creating favorable conditions for investors. Recommendations for the formation of the business reputation of the region are given.

Assessing the investment potential of the Chelyabinsk Oblast

2021 ◽  
Vol 19 (8) ◽  
pp. 1517-1541
Author(s):  
Dmitrii G. RODIONOV ◽  
Anna L. SIDNEVA
Keyword(s):  
Quantitative Research ◽  
Swot Analysis ◽  
External Factors ◽  
Investment Climate ◽  
Chelyabinsk Oblast ◽  
Factors Affecting ◽  
Investment Projects ◽  
Qualitative And Quantitative ◽  
Regional Investment ◽  
The Face

Subject. This article explores the investment potential of an emerging region in the face of changes. Objectives. The article aims to determine the prospects for improving the investment climate of the Chelyabinsk Oblast. Methods. For the study, we used qualitative and quantitative research techniques. Results. Considering the investment potential as the maximum possible volume of attracted investments to the Oblast under their effective placement and as a set of factors affecting the ability to attract and use investment resources, the article presents the results of the analysis of regional investment projects for 2015–2019, changes in the total volume of attracted investments, and SWOT analysis of the Oblast. Conclusions and Relevance. The investment potential of the Chelyabinsk Oblast is estimated as high, but subject to the influence of a set of external factors. This results obtained can be used to further study the investment potential of both the Chelyabinsk Oblast and other regions.

Problems of industry investment attraction in Russian regions

10.12737/298 ◽  
2013 ◽  
Vol 2 (1) ◽  
pp. 0-0 ◽  
Keyword(s):  
Economic Development ◽  
Public Administration ◽  
Investment Policy ◽  
Russian Regions ◽  
Regional Investment ◽  
Social And Economic Development ◽  
Industry Investment ◽  
Favorable Conditions ◽  
Regional Authorities

Decentralization of public administration of national economy led to strengthening of the role of regional authorities in economic processes regulation. Distinctions in social and economic development of each region dictate need of formation of the balanced regional investment policy. Regional bodies should stimulate and regulate investment processes, form favorable conditions for attraction of necessary volume of investments into the region industry.

scholarly journals FEATURES OF MARKETING APPROACH IN FORMING INVESTMENT CLIMATE OF REGION

2020 ◽  
pp. 58-64
Author(s):  
Valerii Bondarenko ◽  
◽  
Sofija Trapaidze ◽  
Oleg Luchyn ◽  
◽  
...  
Keyword(s):  
Regional Development ◽  
Regional Economy ◽  
Investment Climate ◽  
Regional Investment ◽  
Degree Of Risk ◽  
Effective Use ◽  
Tools And Methods ◽  
Marketing Approach

The article covers the issues of regional investment attraction and the factors they depend on. The factors that determine the degree of risk of investments and the possibility of their effective use in the region are presented. The purpose of this research is to determine the role of marketing, its means in the process of forming the investment climate of the region. The author used the methods of static and logical comparison, systematization and generalization, which made it possible to achieve the goal of the study. Ther are named the tools and methods, which in case of using the mareting approach will lead the implementation of investment potential of the regions onto a qualitatively new level and increase the volume of investment in the regional economy. Also there are proposed the principles that underlie the concept of a marketing approach to attracting investments to the region. The peculiarities of the marketing approach of attracting investments into regional development are clearly marked.

Evaluation of management tools for stimulating the investment climate in Russian regions

2020 ◽  
Vol 22 (2) ◽  
pp. 70-79
Author(s):  
OLEG I. KONDRATENKO ◽  
Keyword(s):  
Large Scale ◽  
The State ◽  
Russian Regions ◽  
Investment Climate ◽  
Business Climate ◽  
Management Tools ◽  
Technological Support ◽  
Regional Investment ◽  
Regional Project ◽  
Management Institutions

The influence of management tools on the development of the territorial investment climate is assessed ambiguously by scientists and experts, as evidenced by the literature review conducted in the article. Analysis of thematic works revealed a significant scatter of scientists’ opinions regarding the role of management in the development of the investment climate. The lack of methodological unity significantly complicates the possibility of a comprehensive valid assessment of managerial tools of the regional investment economy. Assuming the possibility of the influence of the managerial factor on the development of the business climate of the Russian regions, the article proposed and tested a comprehensive approach, including, in particular, a survey of investors, entrepreneurs and employees of regional project offices regarding the state of the investment climate management system in the regions. The study showed that the importance of the managerial factor in the regional investment policy of Russia is significant, but it manifests itself most explicitly during large-scale crises and turbulence of the economy. A growing degree of satisfaction with the state of the regional investment climate, as well as an increase in user complaints about the efficiency, speed and quality of functioning of the established management institutions were also revealed. A survey conducted by the author of the staff of the regional project offices made it possible to determine the difficulties of the performers in managing the development of the regional investment climate, namely: insufficiency of material and technical and technological support for the work of design offices; low competence of employees with their functional congestion; lack of involvement in the work of attracting investments of specialized organizations, municipal administrations; different level of regional digitalization.

scholarly journals Regional Investment Attractiveness’s Model Analysis at the Heart of Russian Investment Policy

2021 ◽  
Vol 248 ◽  
pp. 03004
Author(s):  
Evgenii Mitrofanov ◽  
Alevtina Kulagina ◽  
Liya Panferova
Keyword(s):  
Russian Federation ◽  
Functional Dependence ◽  
Principal Component ◽  
Federal District ◽  
Investment Policy ◽  
Russian Regions ◽  
Principal Component Method ◽  
Component Method ◽  
Regional Investment ◽  
The Russian Federation

The article analyzes the investment attractiveness of regions of the Volga Federal District in the Russian Federation using the principal component method. Indicators are selected characterizing investment attractiveness of Russian regions of the Volga Federal District. Functional dependence of the selected indicators are defined, based on which the estimation of level of investment appeal of regions of the Volga Federal District and their clustering. Recommendations for improving the investment policy of Russian regions are given.

PFI OECD - Framework for Strong investment Policy

2015 ◽  
pp. 151-156
Author(s):  
A. Koval
Keyword(s):  
Sustainable Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Comprehensive Approach ◽  
Investment Policy ◽  
Policy Framework ◽  
Investment Climate ◽  
Systematic Monitoring ◽  
Investment Tool ◽  
National Investment

The improving investment climate objective requires a comprehensive approach to the regulatory framework enhancement. Policy Framework for Investment (PFI) is a significant OECD’s investment tool which makes possible to identify the key obstacles to the inflow foreign direct investment and to determine the main measures to overcome them. Using PFI by Russian authorities would allow a systematic monitoring of the national investment policy and also take steps to improve the effectiveness of sustainable development promotion regulations.

Modernization of Russian Economy: Radical Improvement of Investment Climate (The Economic Report of All-Russia Public Organization "Delovaya Rossiya")

2010 ◽  
pp. 68-89
Author(s):  
. Delovaya Rossiya (Business Russia)
Keyword(s):  
Innovation Policy ◽  
Raw Materials ◽  
Regional Level ◽  
Public Organization ◽  
Investment Climate ◽  
Economic Report ◽  
Russian Economy ◽  
Current State ◽  
Regional Authorities

The repot considers the current state of the Russian economy, analyzes the drawbacks of the functioning export-raw materials model of its development. The necessity of its changing on the basis of improving the investment climate on the regional level is noted. Corresponding measures on behalf of federal and regional authorities are formulated as well as the directions of innovation policy aimed at modernizing the Russian economy. The conclusion is made that private non-raw materials business should become the main agent of modernization in our country.

Investment climate and government turnover in russian regions

2014 ◽  
pp. 88-117 ◽  
Author(s):  
G. Syunyaev ◽  
L. Polishchuk
Keyword(s):  
Economic Development ◽  
Theoretical Model ◽  
Private Sector ◽  
Authoritarian Regimes ◽  
Russian Regions ◽  
Investment Climate ◽  
Regional Data ◽  
Endogenous Property Rights ◽  
The Impact

We study the impact of Russian regional governors’ rotation and their affiliation with private sector firms for the quality of investment climate in Russian regions. A theoretical model presented in the paper predicts that these factors taken together improve “endogenous” property rights under authoritarian regimes. This conclusion is confirmed empirically by using Russian regional data for 2002—2010; early in that period gubernatorial elections had been canceled and replaced by federal government’s appointments. This is an indication that under certain conditions government rotation is beneficial for economic development even when democracy is suppressed.

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