Subject The article analyzes the investment attractiveness of regions. Objectives The study focuses on systematization of factors affecting the investment attractiveness of regions and development of investment appeal index of the region to perform an express analysis in the potential investor's interest. Methods We employ the methods of bibliographic analysis, logical analysis, synthesis, and the systems approach. Results The article classifies determinants of investment attractiveness of the region, and, as a result, distinguishes three subsystems, namely, basic conditions of the region, investment climate, and investment risks. We developed an algorithm for express analysis based on the region investment appeal index. The index calculation rests on the coefficient of basic conditions of the region, the coefficient of investment climate, and investment risk ratio. Each of the three coefficients is calculated on the basis of 7–11 indicators and reflects a corresponding subsystem of factors of investment attractiveness of the region. The information base for index calculation is in public domain and available for each investor. The express analysis does not involve interviews and expert evaluation. Our approach has been tested on the data of two constituent entities of the Russian Federation, the Republic of North Ossetia-Alania and Moscow. Conclusions Major advantages of express analysis on the basis of the developed index of investment attractiveness of regions are information availability and calculation simplicity in combination with the coverage of the most important factors for the investor that characterize a particular territory.
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