Abstract

In the context of the lack of financial resources in the real sector of the economy and enterprises of various economic activities, low budgetary security of territorial systems to solve acute problems of socio-economic development and implementation of spatial strategies, bank capital becomes an important strategic resource. The wide range of investment instruments available to banks and credit institutions improves financial security economic actors, to form the financial potential of the progressive development of territorial systems. The main purpose of the work is to justify the role of the banking sector of the economy and its investment resources in shaping the financial potential of progressive socio-economic development of territorial systems. To achieve this goal, the study proposes the use of methods of statistical and multiple regression analysis on the method of the smallest squares based on panel data on subjects of the Russian Federation for the period 2008–2016, as well as methods of spatial analysis. The study found that the progressive socio-economic development of territorial systems depends not only on the volume of investment resources of enterprises of the real sector of the economy, incoming foreign direct investment, but also on investments of the banking sector of the economy in government and corporate debt securities and shares, the volume of lending to financial and non-financial institutions, households. The study showed that the banking sector has a strong investment potential, its volume of investments during the period 2008–2016 it significantly exceeded the volume of investments in the fixed capital of enterprises and the volume of foreign investment, and since 2014 it has exceeded the size of the GDP of the Russian Federation. Comparison of GRP of Russian entities and the amount of investment resources concentrated in them allowed to identify the regions where bank investments are most in demand.

Full Text
Paper version not known

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

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.