THE STUDY OF CONCEPTUAL APPROACHES TO THE FORMATION AND IMPLEMENTATION OF THE STATE INVESTMENT POLICY TO MAINTAIN THE RUSSIAN INDUSTRIAL ENTERPRISES

Abstract

The study considers theoretical and methodological foundations of governmental investment policy directed to support industrial enterprises in their long-term development and competitiveness under modern economic environment, defines place and role of the «governmental investment» definition in the system of economic concepts. Through a retrospective analysis of the historical experience of governmental investment policy the basic stages in the state regulation of investment processes are shown. The article also investigates the methodological grounds, formation and determination of governmental investment feasibility. The investment activity limits and problems of governmental investment in the industrial sector of the Russian economy are defined. As part of a systematic approach to government regulation of socio-economic development, the article demonstrates proves the expediency of direct governmental investment in industrial enterprises in the modern Russian economy. The importance of the state role as a major investor for investment projects is evaluated, especially in the social sphere, the military-industrial complex, municipal infrastructure, and other capital-intensive projects with long payback period that are not attractive to private investors. The priorities for governmental investment economic activities, as well as future directions of state investment support for industrial enterprises are presented.