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A comprehensive comparative analysis of the Russian Federation subjects on investment financing

Vol. 24, Iss. 10, OCTOBER 2018

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Received: 24 July 2018

Received in revised form: 14 August 2018

Accepted: 28 August 2018

Available online: 31 October 2018

Subject Heading: INVESTING

JEL Classification: E62

Pages: 2359–2378

Edronova V.N. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation

ORCID id: not available

Maslakova D.O. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation

Subject This article deals with the issues and methods of comparative assessment of the Russian Federation subjects on investment financing, which help analyze the condition, change rate and intensity of investment in the regions.
Objectives The article aims to analyze the existing approaches to the comparative assessment of the regions on investment financing and propose a comprehensive analysis methodology, including a system of estimated figures, initial information base, methods of estimation, and the analysis results presentation forms.
Methods For the study, we used the methods of analysis and synthesis, comparative and statistical analysis, generalization, and the systems approach, as well as empirical and logical constructions.
Results The article presents a developed complex methodology of comparative assessment of the Russian Federation subjects, based on a set of estimation indicators. As a presentation of the comparative assessment results, we offer a matrix of ranking of the RF subjects by volume, investment financing change rate and investment per capita.
Conclusions and Relevance The proposed methodology helps estimate investment financing from the perspective of state, development and intensity of the considered process concerning all the regions of Russia entirely. The methodology testing shows a significant differentiation of the Russian regions as to investment financing and intensity of financing, uneven increase of volumes of financing, and also values of estimation parameters within some individual subjects of the Russian Federation. The results obtained can provide background for further research in the field of investment financing and are of interest to academic researchers, undergraduates and postgraduate students.

Keywords: evaluation, investment funding


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