Influence of the Selection Criteria for Regional Industrial Projects on Their Implementation Efficiency

Abstract

The purpose of this study is to determine the most important criteria for the selection of regional industrial projects. As part of the study, the authors conducted a review of modern literature on this topic and identified 19 criteria for the selection of regional industrial projects. To determine the most priority of these criteria, an expert survey was conducted using the ranking method. Entrepreneurs who have implemented several projects in the Zhambyl region, as well as employees of state bodies, representatives of the scientific sphere and employees of financial institutions were selected as experts. To summarize the data obtained as a result of the expert survey, descriptive statistics methods were used (indicators characterizing the degree of consistency of expert opinions, and coefficients of variation were calculated). According to the results of the study, the most important criteria for the selection of regional industrial projects were determined. After determining the criteria for the selection of regional industrial projects, an analysis was carried out on those projects that, a few years after the launch of the project, did not reach their design capacity. Analysis of the reasons for their stoppage or failure to reach the design capacity showed that the criteria identified by us as a result of this study are a priority. The results of this study may be of interest to both researchers and heads of regional government agencies when selecting projects for inclusion in the industrialization map of the region.