+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Digest Finance
 

Regulation of the investment and structural interaction among sectors: Outlining a methodological approach

Vol. 21, Iss. 3, SEPTEMBER 2016

Received: 4 March 2016

Received in revised form: 22 March 2016

Accepted: 19 April 2016

Available online: 19 September 2016

Subject Heading: ECONOMIC AND STATISTICAL RESEARCH

JEL Classification: D92, L50, L52, L90

Pages: 23-37

Myakshin V.N. Northern (Arctic) Federal University named after M.V. Lomonosov, Arkhangelsk, Russian Federation
mcshin@yandex.ru

Importance Differentiation of investment opportunities of various business activities represents one of the critical factors that shape the structure of economic sectors. It allows considering the regulation of investment and structural interaction among sectors as a necessary condition to articulate effective industrial policies. The article focuses on investment and structural interaction as part of sectoral economic systems.
Objectives The research pursues devising and testing a methodology for regulating investment and structural interaction through the theory of mutual investment induction.
Methods The methodological framework relies upon such research methods as scientific abstraction, analysis, synthesis, generalization, analogy, and systems, process-based, dialectical, balanced approaches as well as my own methodology to govern the investment and structural interaction.
Results I devised the methodology to regulate the investment and structural interaction through the theory of mutual investment induction, i.e. tools to study mutual investment induction as a phenomenon, indicators to examine the mutual investment induction mechanism and its structural effects. I also determined methodological fundamentals to identify the key points of investment growth, and formulated an algorithm to ignite the mutual investment induction mechanism.
Conclusion and Relevance The regulation of investment and structural interaction among sectors, using the theory of mutual investment induction, constitutes a new issue in economics. If the issue is resolved, it will help to forge new methodological mechanisms and tools to drive the economy, shape contemporary industrial policies at the macro- and microlevels, and streamline the restructuring of industrial sectors.

Keywords: structural interaction, induced investment, integral coefficient, multirator

References:

  1. Miller R.E. Input-Output Analysis: Foundations and Extensions. New York, Cambridge University Press, 2009, 750 p.
  2. Sukharev O.S. [Prospects for the strategy of innovative development of Russia until 2020]. Investitsii v Rossii = Investments in Russia, 2011, no. 5, pp. 25–32. (In Russ.)
  3. Structural Dynamics and Economic Growth. Arena R., Porta P.L. (eds). Cambridge, New York, Cambridge University Press, 2011, 296 p.
  4. Myakshin V.N. Strukturnye preobrazovaniya v promyshlennosti na osnove mezhotraslevykh investitsionnykh vzaimodeistvii: monografiya [Structural changes in the industry on the basis of inter-sectoral investment interaction: a monograph]. Arkhangelsk, АО IOO Publ., 2015, 200 p.
  5. Keynes J.M. The General Theory of Employment, Interest and Money. New York, Macmillan, 1936.
  6. Markaki М., Belegri-Roboli A., Michaelides P., Mirasgedis S. The Impact of Clean Energy Investments on the Greek Economy: An input–output analysis (2010–2020). Energy Policy, June 2013, vol. 57, pp. 263–275.
  7. Harrod R. Economic Dynamics. London, Macmillan, New York, St. Martin's Press, 1973.
  8. Domar E. Essays in the Theory of Economic Growth. Oxford University Press, 1957.
  9. Stepanova V.V. [The investment attractiveness of the Pomorsky Region of Russia]. Ekonomika i upravlenie (Rossiiskii nauchnyi zhurnal) = Economics and Management. Russian Scientific Journal, 2007, no. 9, pp. 76–80. (In Russ.)
  10. Leontief W.W. Izbrannye proizvedeniya: v 3 t.; t. 1: Obshcheekonomicheskie problemy mezhotraslevogo analiza [Selected Works: in 3 vol.; vol. 1: General Economic Problems of Cross-Sectoral Analysis]. Moscow, Ekonomika Publ., 2006.
  11. Aganbegyan A.G. Sotsial'no-ekonomicheskoe razvitie Rossii [Socio-economic development of Russia]. Moscow, DELO Publ., 2005, 270 p.
  12. Miyazawa K. Input-Output Analysis and the Structure of Income Distribution. Berlin, New York, Springer-Verlag, 1976.
  13. Jones C.I. Misallocation, Economic Growth, and Input-Output Economics. NBER Working Paper, January 2011, no. 16742.
  14. Pes'yakova T.N., Myakshina R.V. [Management of the development of regional forest complex on the basis of the balanced system of indicators to measure the cost-effectiveness]. Vestnik Yuzhno-Ural'skogo gosudarstvennogo universiteta. Seriya: Ekonomika i menedzhment = Bulletin of South Ural State University. Series: Economics and Management, 2015, vol. 9, no. 2, pp. 25–31. (In Russ.)
  15. Petrov V.N. [Political economy and the forest economy of Russia]. Izvestia Sankt-Peterburgskoj lesotehniceskoj akademii, 2010, no. 193, pp. 288–307. (In Russ.)
  16. Petrov V.N., Tyurin A.E. [Assessment of the balance of economic interests of the subjects of forest relations]. Vestnik Moskovskogo gosudarstvennogo universiteta lesa. Lesnoi vestnik = Moscow State Forest University Bulletin – Lesnoy Vestnik, 2010, no. 2, pp. 142–147. (In Russ.)
  17. Holz С.А. The Unbalanced Growth Hypothesis and the Role of the State: The case of China's State-owned enterprises. Journal of Development Economics, 2011.
  18. Hirschman A. Strategy of Economic Development. New Haven, Yale University Press, 1958.
  19. Krishna K., Perez C.A. Unbalanced Growth. Canadian Journal of Economics, August 2005, vol. 38, iss. 3, pp. 832–851.

View all articles of issue

 

ISSN 2311-9438 (Online)
ISSN 2073-8005 (Print)

Journal current issue

Vol. 29, Iss. 3
September 2024

Archive