Abstract
This article deals with the issues on classification of territories in terms of investment potential from the point of view of foreign investors. The cluster analysis approach is being used. In contemporary regional studies, this issue is covered by a sufficiently large number of scientific papers devoted to problems of development of the investment potential of the territories of the Russian Federation, which confirms the relevance and debatability of this problem. Current article raises questions on the use of hierarchical and non-hierarchical methods. The advantages and disadvantages of these methods are analyzed. The authors come out with a proposal of an integrated approach for classification purposes. DOI: 10.5901/mjss.2015.v6n6s7p194
Highlights
A number of methods on evaluation of investment attractiveness have been developed by various organizations and consulting companies, which are being already widely used by Russian scientists
The main task in the development of the statistical evaluation of the investment potential of the territories of the Russian Federation is to achieve a holistic approach in building the model
The holistic approach in this study refers to the ability to objectively reflect the implicit and explicit investment resources of the region, as well as the efficiency of their use
Summary
A number of methods on evaluation of investment attractiveness have been developed by various organizations and consulting companies, which are being already widely used by Russian scientists. The holistic approach (i.e. its complexity) in this study refers to the ability to objectively reflect the implicit and explicit investment resources of the region, as well as the efficiency of their use. Such an approach would characterize the level of development of investment potential, and identify the most problematic areas that are subject to scrutiny and adjustment on behalf of the regional and national authorities. It will enable a more rational allocation of resources in the framework of regional development and investment programs and will enhance the quality of managerial decisions in this area
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