Abstract
In order to evaluate the pair and multiple regression models that describe the causal relationships between the change in the gross regional product, the volume of investments in fixed capital and the refinancing rate, the article conducted an empirical study of the multiplicative effect and the accelerator effect in the economy of the Chechen Republic based on time series, the choice of dependent and independent variables based on the results of establishing correlations between them. An assessment of the correlation dependence between the change (increase) in investment volumes and the change (increase) in GRP, taking into account the existing time lag between investments and the effect of them, shows that for the republic, the time lag during which the effect of investments occurs is 2 years. It is concluded that the Chechen Republic is characterized by economic growth caused by induced investments: investments aimed at developing the basic sectors of the economy that create material goods and services.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
