Managing the State Support for Investment Activities for a Modern Region’s Development Activization

Abstract

Topicality of this research is based on the key role of investments in the conditions of the new economic reality and importance of activization of investment activities on the territory of a modern state, including by means of using state regulation of investment activities as state support. It should be noted that the issues of management of state support for investment activities at regional level are especially important, as regional authorities face a difficult task of maximum concentration of state support in strategic spheres of industry and at in productions that have competitive advantages in the long-term. Thus, determining the directions of development of management of state support for investment activities at the regional level is an important and topical direction of scientific research. The authors analyze the state of investment activities in the regions of Russian Federation, the main elements of the system of management of state support for investment activities at the regional level, and interaction between state support for investment activities with the attracted investments in fixed capital and investment attractiveness of the region on the whole. This research was performed on the basis of the official statistics of the Federal State Statistics Service, official data of government bodies of the subjects of the RF, and the data of the Rating agency Expert RA. The following methods were used: dispersion analysis, correlation analysis, methods of reading the factual data, index method, methods of comparisons, and expert evaluations. As a result, interconnection between state expenditures for supporting investment activities, investments into fixed capital that are attracted into the region’s economy, and investment attractiveness of the region was determined; the most perspective directions of development of the system of management of state support for investment activities at the regional level, which could be used by the authorities for increasing the effectiveness of such support for activization of investment activities and socio-economic development of the region on the whole, were determined.