Investment Activity In Regions Research Articles

The Analysis of the Investment Activity in Regions of the Republic of Uzbekistan

The article considers the issues of territorial structure of the national economy of the Republic of Uzbekistan, the analysis of the social-economic development of the regions was conducted, the author points out the features and factors, influencing the region's development, basic directions of sharp differentiation decline in the region's development as well. The analysis on role and impact of carried regional policy on mitigation of territorial disproportionate in the country taking into account the features of agriculture specialization, structure, domestic problems of social territorial development and rational use of natural resources, etc. The authors paid special attention to the development of the strategy and complex program on region's social-economic development. The issues of investment to the basic capital as the most important factor of the region's economic growth, influencing the investment amount, contributing the economy's intensification, manufacture modernization, quality growth and competition of production were analyzed in the article. In terms of the investment activity development and structural problems solution, investment risks the authors propose the program actions with SWOT-analysis, for assessment the update conditions and tendencies of the region’s investment activity development. The issues of the investment potential level, investment attraction of the republic regions have also been considered. In the frame of conducted scientific research the authors studied some aspects of the region’s investment potential and competitive advantages of region for investment activity. In the end, the authors made the substantial conclusions. Key words: territorial structure, modernization, concentration, specialization, investment, infrastructure, free economic zones, business environment, swot analysis, cluster system, labor resources, innovation, investment attraction, investment potential, competitive advantages, development policy.

Investment activity in the Ural Federal District in the context of import substitution

Subject. The article considers the investment activity in the regions of the Ural Federal District. Objectives. We analyze the impact of import substitution policy on investment activity by type of economic activity, using the regions of the Ural Federal District case. Methods. We employed methods of logic, statistical, and structural analysis. Results. We offer our own approach to the study of the impact of import substitution policy on the investment activity of regions. It rests on comparing the dynamics of Russian imports by major commodity group and the dynamics of investment in fixed assets by type of economic activity. The study revealed two trends. First, the development of substitute goods production. Second, the commodity sector development. It was found that in 2013–2019, investments in the sectors of mining and processing of mineral resources demonstrated faster growth. At the same time, investments in the production of import substituting goods did not show a stable positive dynamics. Thus, the enterprises of the Ural Federal District are more focused on the production of traditional export goods; the orientation of the import substitution policy to the domestic market and high-tech exports currently does not give the expected results and is local in nature. Conclusions. The results of the study can be used by Federal and regional authorities to assess the impact of import substitution policies on the investment activity of enterprises.

THE MAIN TRENDS OF INVESTMENT ACTIVITY IN REGIONS OF THE RUSSIAN FEDERATION

Investments as a factor of increase in level of economic development of the country and its regions have been considered. The analysis of macroeconomic indicators, which characterize the conditions and results of investment activity, has been carried out. Special attention has been paid to studying of investment activity in regions of the Russian Federation based on the system of the indicators, reflecting the volumes of investment, their directions and structure. The results of the groupings of the subjects of the Russian Federation on average annual growth rate of investment for 2012-2017 and the amount of investment per one employed person have been adduced. The analysis of the sources of investment financing and the results of investment activity has been given. The results of a survey of organizations on estimation of the factors, which limit the investment activity in the subjects of the Russian Federation, have been reviewed.

Investment climate in Ukraine: aspects of investment activity at a regional level

The main objective of this study is to examine trends and prospects of investment activity in Ukraine. This paper investigates the term “investment” and considers the role and importance of investment in social and economic development of the state. Based on the data provided by the State Statistics Service of Ukraine, the current state of foreign investment promotion to Ukraine has been analyzed. The growth rate of the investment climate in Ukraine has been distinguished. It has been defined that it is impossible to reach sustainable economic growth and overcome the consequences of the financial crisis without the injection of investment into both individual sectors of the national economy and the economy of entire regions. The article examines the dynamics of investment attraction into the regions’ economy and defines sources of such investment. As a result of the research, investment activity of regions has been outlined. Investment efficiency of regions has been assessed. Based on the findings, suggestions to improve the investment climate in Ukraine and increase regions activity have been offered. Model for investment attractiveness assessment, which takes into account availability and sufficiency of own financial resources, that define the level of region’s financial health, has been suggested.

Approach to analysis of inter-regional similarity of investment activity support measures in legislation of regions (on the example of Krasnoyarsk region)

The most part of stimulation methods in Russia are concentrated in legal documents of the regions of the Russian Federation. They directed on intensification of investment activity in regions. How similar are these investment stimulation conceptions? There is no mention in the literature of the methodical questions of quantitative analysis and inter-regional comparisons. In addition, there are no results of statistical research of inter-regional correlations of stimulation methods and analysis of dynamics of this process. There are no special measuring instruments. The presented work is aimed at completion of these blanks. The approach for the spatial correlation analysis of legislative norms is offered in research. Classification of investments’ stimulation methods is developed. The way of preparing and coding data for research is offered. The approach and system of coefficients for the analysis of inter-regional interrelations of legislative systems of investments’ stimulation is offered. A proximity coefficient of regional legislation, a factor of structure similarity and a dynamic coincidence index are proposed. The space-time base of investment stimulation methods on Russian Federation regions for 12 years is collected and statistically processed for research. There are only 758 documents. A source of texts is a site of the Ministry of Justice of the Russian Federation. Research of documents has allowed revealing a number of laws in formation of regional investment stimulation systems. The regions that are the most similar in terms of structure of stimulation methods are identified. We have found the group of regions for which it is observed the increase in similarity of the legislation and the group with the reduction of similarity. Therefore, it is obvious that the general trend to reduction of similarity in the legislation takes place between Krasnoyarsk territory and the other regions of the Russian Federation. Calculations have revealed concurrence of dynamics to use some stimulation methods in Krasnoyarsk region and in the other regions of the Russian Federation for 2005 - 2016. Among them, there are some measures of subsidizing, concessionary terms of using the ground and granting of the ground areas, concession agreements on property and creation of industrial parks, state-private partnership and others. We have found the groups of regions in which there are the trends on harmonization or on a divergence to use the separate kinds of stimulation. Thus, the offered approach and a set of measuring instruments enable to carry out the research of inter-regional similarity of legal documents. It allows receiving the answer to a question on a degree of similarity of systems of investment activity stimulation, accepted in regions; to estimate joint dynamics of stimulation systems’ changes; to define a degree of concurrence on separate measures of support; to analyze similarity of a current condition and processes on the change of the legislation. The approach permits to investigate directions of harmonization or a divergence of regional approaches to investment activity stimulation. The received results can form a base for the further economic-statistical and econometric researches of efficiency of methods for the investment activity stimulation. It will allow to structure objects of research, to allocate more homogeneous group of regions on stimulation methods. The proximity coefficient matrix will be especially useful in spatial econometric models. The offered approach and parameters can be applied to research the other positions of the regional legislation.

Strategies of impetus of economic activity in the national economy

The concept of structurization of the economic space of the Russian Federation is proposed based on the construction of contrasting clusters of agents of the national economy, including a creative cluster that consists of big business and favored regions with transnational relations, a middle cluster that consists of strong small and medium size business and regions with average parameters of economic activity, and a cluster of the quiet business activities that consists of low-profit business structures and outsider regions. Basic drivers of the economic activity in the clusters are highlighted, including the state, regional authorities, and corporate structures. Procedures for constructing the matrix estimates of significance of the presence of drivers in clusters are established. Methods for constructing composite indices generalizing partial estimates of drivers activity in different clusters and methods for constructing composite indices clusters integrating partial estimates of different drivers are developed. The algorithm for calculating these indices is based on an iterative process of joint verification. The theoretical impetus strategy for economic activity in the economy (strategies of state paternalism, market romanticism, panregionalism, and ideal universalism) are proposed and estimated based on the composite indices. The concept of the internal balance of these strategies is introduced. It is defined through a generalized coefficient of differences between composite indices of drivers and clusters. For each of the strategies, integrated estimates of the balance of investment activity of drivers in different clusters and differences of the impetus potential of economic activity by clusters are calculated. Versions of these strategies have been developed for estimating the effects of echeloned motivation of the economic activity. A version of the methodology is used to analyze the investment activity in regions of Russia. An analysis of investment processes in the economy using the proposed methods showed that the ideology of a pure market dominates in Russia and that there is little state involvement in the economy and not enough efficient competences in the regions.

Empirical analysis of the relationship of investment and innovative activity of regions of Russia

The article is devoted to the study of the relationship of innovation and investment activity of Russian regions. On the basis of the statistical data, the system of indicators and designed complex indices of innovation and investment activity of regions are proved. The level of investment and innovative activity of regions in the last four years are analyzed, the basic tendencies and structural changes are revealed. The dependence between innovation and investment activity of regions is investigated. Based on the analysis, the map of the region’s position demonstrating the high level of differentiation of Russian regions in terms of both investment and innovation activity is developed. Also, the authors proposed a matrix distributing regions into four groups depending on the correlation between a level of innovation and investment activity, and recommendations on the selection of priority directions of economic policy for the subjects of the Russian Federation taking into account their current position are developed. The research results have practical significance and can be used to improve existing regional economic development programs for both individual regions and the country as a whole.

Фінансовий механізм налагодження інноваційно-інвестиційної діяльності в регіонах

Фінансовий механізм налагодження інноваційно-інвестиційної діяльності в регіонах