REGIONAL INVESTMENT POLICY. PROBLEMS AND DIRECTIONS OF IMPROVEMENT

Author(s):  
Olena Churikanova ◽  

The paper reviews the existing approaches to assessing investment projects at the regional level. Studies by both domestic and foreign authors are presented. The necessity of using an integrated approach in assessing regional investments is noted. The paper presents a scheme of indicators by which the assessment of regional investments is carried out. So, such indicators as: social efficiency, commercial efficiency and budget efficiency are highlighted. The purpose of the article is to identify the entire range of existing problems that arise when assessing regional investments with a view to their subsequent elimination. The whole complex of problems is presented in the form of a table where the problem is described, its brief description and directions for improvement. Thus, among the main problems, the following are highlighted: problems associated with the quantitative measurement of evaluating the effectiveness of investment projects; problems associated with assessing the risks of project implementation; problems associated with the choice of methods for calculating the effectiveness of an investment project; problems associated with the accuracy of financial and mathematical calculations; uncertainty issues; problems associated with the choice of indicators when building models for assessing the effectiveness of investments for the region. To solve certain problems, the author recommends such areas of improvement as: development of criteria for assessing the social significance of an investment project; application of modern economic and mathematical methods and models that would allow determining the influence of parametric indicators of regional investment projects on indicators of social efficiency; accounting in the model of the main macroeconomic indicators of the region's activity, both economic and social; in order to achieve accuracy in determining the effectiveness of an investment project in conditions of uncertainty, it is necessary to forecast changes in all factors that determine the implementation of an investment project at the regional level; To eliminate the existing contradictions about the optimal selection of factors when assessing the effectiveness of investments at the regional level, it is necessary to conduct a study to assess the significance of factors by means of economic and mathematical modeling. The work initiates further research towards the development of a new concept for assessing regional investments.

2019 ◽  
Vol 97 ◽  
pp. 06034 ◽  
Author(s):  
Elena Lyapuntsova ◽  
Iulia Belozerova ◽  
Ilona Drozdova ◽  
Oleg Korol

The purpose of the article is to review the theoretical foundations and practical examples of investor assessment with an integrated approach to the development of urban infrastructure. The article analyzes the conditions for reducing the investment costs of projects. For this purpose, methods of clarifying the conceptual apparatus, classification, systematization and an integrated approach are used. The significance of an investment project depends on its positive influence on at least one of the external or internal markets: material and financial products, services and labor, on the social environment and the environment. Examples are provided of the impact on urban planning and the ecology of the urban landscape of investment projects in the field of tourism in recent years, implemented at the expense of the Federal Target Program “Development of domestic and inbound tourism in the Russia for 2011-2018.” in Sarapul, Barnaul and Cherepovets. The authors conclude that in the examples cited there is a relationship between the risk tolerance of the project and the complexity of the approach to its implementation, and as a result, the amount of investment. Large projects are designed not only to solve specific problems of the investor, regions, economy, state and society, but also ensure the profitability of the state budget at various levels, create new jobs, ensure GDP growth in the country and investment in various sectors, create conditions for the development of the country’s regions. The narrowly focused investment projects are fraught with great risks for the investor due to the selectivity and limited scope of the manifestation of effects.


2020 ◽  
Vol 18 (7) ◽  
pp. 1232-1247
Author(s):  
V.V. Khomenko

Subject. This article discusses the issues related to the implementation of regional investment projects as an effective tool for investment activities. Objectives. The article aims to develop a comprehensive system for the formation and implementation of investment projects, considering the Sverdlovsk Oblast as a case study. Methods. For the study, I used the methods of logical, statistical, and business analyses, and comparison. Results. The article offers an original interpretation of the concepts of Regional Investment and Regional Investment Project and presents a comprehensive system of forming and implementing regional investment projects in the macro-region. Conclusions. Any investment project can be considered as a platform for attracting investment. It contains resources for a useful economic effect in the future. Regional investment projects are a catalyst for economic growth.


2020 ◽  
Vol 11 (4) ◽  
Author(s):  
Natalya Kovalevskaya ◽  
Gennadiy Khomkalov

The article examines the issues of evaluating the effectiveness of investment projects implemented in the social sphere, specifically, approaches to decision-making on the inclusion of such projects in the state targeted investment programs on the basis of their social significance. We explored methodological aspects of evaluating investments directed to the implementation of state targeted programs that are designed to develop social and cultural sphere. The importance of the development of the public sector of the economy and the need for effective use of budget investment resources for this purpose are confirmed. The article provides a justification for the expediency of directing public investment in the form of capital investments in municipal property. The research studied the methods for evaluating the effectiveness of investment used in the framework of the state target program. The article provided an example of calculating the integral indicator of social efficiency of an investment project related to education and culture.


Author(s):  
M. Turgambaev ◽  
V. Zhelyu ◽  
A. Legostaeva ◽  
М.К. Тургамбаев ◽  
В. Желю ◽  
...  

Обеспечение повышения эффективности управленческой деятельности как в общественном, так и в частном секторе экономики во многом связано с внедрением проектных решений. При этом особую актуальность приобретают вопросы связанные с оценкой эффективности таких проектов. Одними из важнейших видов проектов выступают инвестиционные проекты. В статье рассматриваются методические подходы к комплексной оценке эффективности инвестиционных проектов на основе статистического анализа деятельности инвестиционных проектов, в условиях динамики развития отраслевых факторов экономики Казахстана. Разработана модель комплексной оценки эффективности инвестиционного проекта, где на базе статистической весовой характеристики анализируемых факторных признаков, предлагается рассмотреть трендовую составляющую развития факторных показателей. Наличие сформировавшейся общей тенденции развития экономических показателей по направлениям инвестиций в отраслевую экономику страны характеризуют полученные расчетные значения. Можно отметить, что в любом обществе, базовой основой развития и укрепления экономики служат инвестиции, которые способствуют повышению уровня жизни и ведущую роль в формировании этой республиканской политики должны играть регио­ны. Примененный в исследовании комплексный всесторонний подход позволяет проводить учет множественных факторов и тем самым, улучшить прогнозно-аналитические показатели расчетов. Получаемые расчетные оценки макроэкономических показателей в масштабе государства, также рассматривают инвестиционные потоки на уровне отраслей промышленности регионов. При этом, использование аналитических данных по конкретным инвестиционным проектам позволяет проводить корректировку с учетом влияния наиболее важных и приоритетных инвестиционных проектов. Ключевые слова: инвестиционный проект, инвестиции, эффективность, весовой коэффициент, комплексная оценка, индекс рентабельности, временной ряд, факторный признак, тенденция, сравнительный анализ отраслевая экономика, анализ, оценка. Ensuring an increase in the efficiency of management activities in both the public and private sectors of the economy is largely associated with the implementation of design solutions. At the same time, issues related to the assessment of the effectiveness of such projects are acquiring special relevance. Investment projects are one of the most important types of projects. The article discusses methodological approaches to a comprehensive assessment of the effectiveness of investment projects on the basis of a statistical analysis of the activities of investment projects, in the context of the dynamics of the development of sectoral factors of the economy of Kazakhstan. A model for a comprehensive assessment of the effectiveness of an investment project has been developed, where, based on the statistical weight characteristics of the analyzed factor indicators, it is proposed to consider the trend component of the development of factor indicators. The presence of the formed general trend in the development of economic indicators in the areas of investment in the sectoral economy of the country is characterized by the calculated values ​​obtained. It can be noted that in any society, the basic basis for the development and strengthening of the economy are investments that contribute to an increase in living standards and the leading role in the formation of this republican policy should be played by the regions. The comprehensive comprehensive approach applied in the study allows taking into account multiple factors and thereby improve the forecast and analytical indicators of calculations. The resulting estimates of macroeconomic indicators on a national scale also consider investment flows at the level of regional industries. At the same time, the use of analytical data on specific investment projects allows for adjustments taking into account the impact of the most important and priority investment projects.


2020 ◽  
Vol 26 (3) ◽  
pp. 508-526
Author(s):  
O.T. Astanakulov ◽  
E.G. Sheina

Subject. This article explores the economic relations of economic entities concerning effective investment activities, combining elements of investment control and assessment of related risk. Objectives. The article aims to analyze and logically substantiate the stages and types of investment activities of enterprises and investment projects in-progress, as well as define a methodological approach to assessing project risks. Methods. For the study, we used a structural and logical analysis, and deductive reasoning. The methodological base of the study is based on the principles of the theory of finance, investment and risk management. Results. The article defines stages of assessing the financial condition of enterprises and proposes a methodological approach to assessing certain risks of an investment project based on the risk ranking by degree of probability and significance of an event through applying the expert assessment method. The article also presents a practice-oriented risk map for investment projects and clarifies the concept of Investment Control. Conclusions. The results of the study can help address the significant for the Russian economy issue of stimulating and developing investment activities at enterprises, as well as implementing and evaluating the effectiveness of investment projects at the micro-and macro-levels of the country's economy.


2020 ◽  
Vol 18 (11) ◽  
pp. 2167-2182
Author(s):  
Ya.Yu. Sokolenko

Subject. This article focuses on the investment web portal as a necessary communication tool and a way to govern the investment attractiveness of the region. Objectives. The article aims to conduct a comprehensive study of the problem of promoting regional investment web portals in the information environment. Methods. For the study, I used the methods of logical and statistical analyses, induction and deduction, comparison, and generalization. Results. The article describes the advantages of Internet portals of investment projects and the peculiarities of using Social Media Marketing (SMM) within public structures. It highlights the function of social networks in the process of interacting with the audience. Conclusions. Social Media Marketing is an integral tool for engaging with the investment community and one of the most effective ways to promote a regional investment web portal. The presented original methodology can be used by regional investment portals to analyze interaction with the audience and design a development strategy.


2020 ◽  
Vol 27 (6) ◽  
pp. 37-55
Author(s):  
E. V. Zarova ◽  
E. I. Dubravskaya

The topic of quantitative research on informal employment has a consistently high relevance both in the Russian Federation and in other countries due to its high dependence on cyclicality and crisis stages in economic dynamics of countries with any level of economic development. Developing effective government policy measures to overcome the negative impact of informal employment requires special attention in theoretical and applied research to assessing the factors and conditions of informal employment in the Russian Federation including at the regional level. Such effects of informal employment as a shortfall in taxes, potential losses in production efficiency, and negative social consequences are a concern for the authorities of the federal and regional levels. Development of quantitative indicators to determine the level of informal employment in the regions, taking into account their specifics in the general spatial and economic system of Russia are necessary to overcome these negative effects. The article proposes and tests methods for solving the problem of assessing the impact of hierarchical relationships on macroeconomic factors at the regional level of informal employment in constituent entities of the Russian Federation. Majority of the works on the study of informal employment are based on basic statistical methods of spatial-dynamic analysis, as well as on the now «traditional» methods of cluster and correlation-regression analysis. Without diminishing the merits of these methods, it should be noted that they are somewhat limited in identifying hidden structural connections and interdependencies in such a complex multidimensional phenomenon as informal employment. In order to substantiate the possibility of overcoming these limitations, the article proposes indicators of regional statistics that directly and indirectly characterize informal employment and also presents the possibilities of using the «random forest» method to identify groups of constituent entities of the Russian Federation that have similar macroeconomic factors of informal employment. The novelty of this method in terms of research objectives is that it allows one to assess the impact of macroeconomic indicators of regional development on the level of informal employment, taking into account the implicit, not predetermined by the initial hypotheses, hierarchical relationships of factor indicators. Based on the generalization of the studies presented in the literature, as well as the authors’ statistical calculations using Rosstat data, the authors came to the conclusion about the high importance of macroeconomic parameters of regional development and systemic relationships of macroeconomic indicators in substantiating the differentiation of the informal level across the constituent entities of the Russian Federation.


Author(s):  
محمد الأمين ◽  
بن حامد عبد الغني ◽  
مراس محمد

Our research aims to try to present the modeling mechanisms in the field of simulation and quantitative methods. The research is a presentation of the role of quantitative methods in making investment project evaluation decisions, more than that and is the use of the Monte Carlo simulation model in evaluation and multi-period analysis of investment projects under conditions Risk and uncertainty. And highlighting the theoretical, scientific and practical importance of the Monte Carlo simulation method in particular, and the importance of using quantitative methods in helping to make decisions in general


2021 ◽  
Vol 14 (1) ◽  
pp. 83-88
Author(s):  
Svetlana Mikhailovna SYCHEVA ◽  
◽  
Elena Yury’evna KUZMINA ◽  

The article discusses the features of the implementation of investment projects in the construction industry, the main trends in project management in this area. The importance of the construction industry for the country’s economy is substantiated, the key indicators of the construction sector and its contribution to GDP are highlighted. The analysis of the development of the construction industry for the period from 2009 to 2020 is carried out. The reasons for the decrease in investment in construction are identified, among them the most important ones are highlighted. In the article discusses the key characteristics of the construction industry in our country. The conclusion is made about the need for a systematic and integrated approach to the management of investment projects. The authors propose to use the tools of project management to improve the efficiency of the implementation of investment projects. The main tools of project management (tools for defragmentation of work, tools for managing the time in the project, tools for managing resources for project implementation, tools for managing project costs) are named and examples of their use are given. The concepts of «team», «project management team», «matrix of responsibility» are considered.


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