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Financial Analytics: Science and Experience
 

Conditions of formation and development of the investment potential of the region

Vol. 9, Iss. 5, FEBRUARY 2016

PDF  Article PDF Version

Received: 22 December 2015

Received in revised form: 18 January 2016

Accepted: 25 January 2016

Available online: 12 February 2016

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: E22, R11, R58

Pages: 28-37

Tsepelev O.A. Amur State University, Blagoveshchensk, Amur Oblast, Russian Federation
tsepelev_o@mail.ru

Serikov S.G. Amur State University, Blagoveshchensk, Amur Oblast, Russian Federation
stas.serikov@inbox.ru

Importance The article discusses how favorable conditions are created to perform investing activities at the regional level.
     Objectives The research substantiates and specifies conditions for generating and developing the region's investment potential.
     Methods The research relies upon economic, statistical, estimating, practical and comparative methods of scientific cognition.
     Results The article points out principal sources of finance boosting the region's economic growth and development. The article describes two types of investment policies in the Far Eastern Federal District, provides graphical presentation of the conceptual framework for the socio-economic development strategy of the Far East and the Baikal region up to 2025.
     Conclusions and Relevance Unbalanced finance of State programs, certain neglect of the Far Eastern specifics, uneven economic landscape within the Federal District impede implementing the priority development model in the regions. Most regions of the Far Eastern Federal District demonstrate low efficiency of investment programs for the region's development. To ensure sustainable growth of local economy, appropriate investment policies should be in place to attract stable investment, using the full investment potential of the area. The region should pursue simpler conditions for attracting investment to increase the competitiveness.

Keywords: investment potential, value added ratio, region, economic growth, investment policies

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