Article
Article name Investment and economic development: comparative analysis for Russian regions
Authors Glazyrina I.. ,
Faleychik A.. candidate of physical and mathematical sciences, associate professor, faa55@bk.ru
Faleychik L.. candidate of technical sciences major research scientist; associate professor, lfaleych ik@bk.ru
Bibliographic description
Category Economics
DOI 330.356
DOI 10.21209/2227-9245-2018-24-8-101-111
Article type scientific
Annotation The quantitative characteristics of investment processes and their connection with economic growth, as well as the degree of spatial heterogeneity of these indicators, are determined. It was noted that these ratios are important in the context of identifying development drivers; they can also serve as an indirect characteristic of the institutional environment on which the investment climate in a country substantially depends. To carry out a comparative analysis for each region, the annual volumes of investments in fixed capital per capita for the period 2011–2013 were determined, which were compared with the economic results achieved by 2016. A high degree of differentiation of per capita investment figures – the maximum and minimum values of the index differ by more than 50 times. For all regions of Russia, the per capita Grp priced in 2011 was calculated in 2016. It is shown that the interregional differentiation in the production of value added remains high: the difference between the “best” and “worst” values of the indicator is more than an order of magnitude. The border regions of the eastern part of the country, despite the official recognition of their key geopolitical significance and the active formation of “development institutions”, still lag behind in economic development. As a characteristic of the “sensitivity” of the GRP indicator to investment flows, the ratio of per capita GRP to indicators of per capita investments was chosen, here also high interregional differentiation was noted. It was noted that the oil and gas regions, which were the leaders in per capita investments, have, at best, average indicators of investment returns, and the Yamalo-Nenets autonomous district is one of the lowest. Moscow has the highest rate of investment success. The subjects of the Russian Federation of the Baikal region took the middle position on investment returns, despite one of the lowest investment volumes in 2011–2013. The southern regions of the far east and Yakutia, where the per capita investment is significantly higher, turned out to be outsiders in terms of investment returns. It was concluded that it is necessary to take into account the far eastern experience in relation to “development institutions” and to focus efforts not only on targeted programs, but also on institutional transformation of the business environment, focused on improving the quality of investment flows in order to ensure real economic growth and improve the well-being of citizens
Key words Key words: regional development; gross regional product (GRP); investment flows; investments in fixed capital; investment return; economic growth; spatial heterogeneity; interregional differentiation; spatial analysis; geoinformation technologies
Article information Glazyrin I., Faleichik A., Faleychik L. INVESTMENT AND ECONOMIC DEVELOPMENT: COMPARATIVE ANALYSIS FOR RUSSIAN REGIONS// Transbaikal State University Journal, 2018, vol. 24, no. 8, pp.
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Full articleInvestment and economic development: comparative analysis for Russian regions