Abstract
The article is devoted to the formation and improvement of mechanisms for the implementation of regional investment policy, the effectiveness of which depends not only on the activation of investment activities and increasing the investment attractiveness of regions, but also on their sustainable socio-economic development in general. Based on the author's methodological toolkit, which makes it possible to assess the effectiveness of the regional investment policy in conjunction with the institutional conditions for the implementation of investment activities and the practice of strategic planning of investment development, the author carried out a comprehensive assessment of the effectiveness of the investment policy of the regions of the Arctic zone of the Russian Federation (AZRF), which is strategically important for the sustainable development of the national economy macroregion, which determines the exceptional relevance and significance of the study. The author calculated integral indicators for three structural blocks of a comprehensive assessment of the effectiveness of the investment policy of the Arctic regions. Based on the results of calculations within the framework of the first structural block, it was determined that the most holistic 27institutional environment was created in the Krasnoyarsk Territory, the Murmansk Region, the Republic of Sakha (Yakutia) and the Yamalo-Nenets Autonomous District. Analysis of the quality of regional investment strategies within the framework of the second structural block showed that the most elaborated document is the investment strategyof the Murmansk region. Within the framework of the third structural block, it was determined that the most effective investment policy is carried out in the Arkhangelsk region —the only Arctic region where the integral performance indicator exceeded the average Russian level. In the rest of the Arctic regions, the measures taken to achieve the main goals of investment development are still insufficient. It is concluded that in order to increase the efficiency of the investment policy of the Arctic regions, it is necessary to strengthen the role of strategic planning in the practice of regional investment management, improve information support for investment activities, and stimulate scientific, technical and innovative activities.
Highlights
Formation of the concept of eco-balanced development and the system of indicators of socio-economic assessment of the sustainable functioning of the Arctic economic zone in the context of the development of mineral resource potential
We have proposed a new model to evaluate Risk of Operation in the Northern Routes for Oil and Gas logistics that incorporates ecological and technological factors in order to minimize risk leading to higher profitability
This research proposes the creation of a digital technology integrated new value creation model for Oil and Gas companies operating in the Arctic
Summary
Formation of the concept of eco-balanced development and the system of indicators of socio-economic assessment of the sustainable functioning of the Arctic economic zone in the context of the development of mineral resource potential. The northern route, including Alaska, Canada, and Russia, is the shortest way to connect Europe and Asia This route has been, for most of modern history, covered by ice. Climate change has opened new parts of that route to transportation. Oil and gas companies can take advantage of these new routes to respond to changes in demand, in liquified natural gas, condensates, and oil products, due to the growing demand of Asian markets. This route has been proven safer than African routes because to lower piracy and better infrastructure than in African regions
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