ON FINANCIAL AND INVESTMENT PROBLEMS IN THE CONTEXT OF REGIONAL ECONOMIC DEVELOPMENT OF THE REPUBLIC OF AZERBAIJAN

Abstract

The factors which enable the sustainable development of the regions, the principles and measures of the financial and investment support were determined. The significance of practical conceptual approach to business and investment support of the regional social and economic development was revealed. The importance of financial and investment assistance in the modelling of social-economic development on the regional level, the maximum rational use of the local natural and economic supplies in the formation of the financial resources, and enterprise modelling issues were analysed. There was prepared a structure of regional investment policy formation and implementation system. The main aim of the research is to investigate the problems of financial and investment support modelling of the local social and economic development, to analyse the conceptual praсtical approach to these problems and definition of the adequate mechanisms. Proceeding from the objective situation of the regional social and economic development in Azerbaijan, there was justified a complex functional structure of the regions. The formation factors and implementation ways of preparation mechanisms of the regional investment policy were determined. The directions of strengthening of the finance and credit support of the social and economic development programs were justified. There was also given a scheme of enhancement of the financial and credit support rationality of the regional social, economic development program. The fraction of regions in the total amount of the commercial agents in Azerbaijan was analysed. There was prepared a scheme of essential directions of the multiplicative effect in the social-economic development of the regions. The efficiency issues of the regional social-economic development program in Azerbaijan were analysed. There were presented the dynamics of funds oriented to the nominal capital on areas in Azerbaijan and dynamics of funds geared to the symbolic capital per capita on regions. The current situation of the regional social, economic development in Azerbaijan and production of outputs on the commercial areas were analysed. The dynamics of outputs production per capita in the main fields of economics region-wise and the dynamics of industrial production volume region-wise were also presented. Generalized, the factors were determining the strengthening of financial and investment support of the regional social-economic development. There were shown the ways of a strategic approach to the commercial and investment support of the social, economic growth in the regions in the short and long terms in Azerbaijan. There were prepared suggestions and advised on the issues reviewed in the article.