Home  Journals  Regional Economics: Theory and Practice  19(298) - 2013 May

Regional policy to attract investments

Available online: 28 May 2013

Subject Heading: Innovations and investments

JEL Classification: 

The article focuses on relations of the federal center and the federal subjects and also touches upon the impact of delineation of authority between them on the investment policy of the latter. In 1990–1996 the Presidential Decree dated 03.06.1996 № 803 «The main conditions of the regional policy in the Russian Federation» laid the foundation of the large-scaled changes and reforms. In that particular period the federal subjects leapt at the chance to entry external markets. The reforms resulted in the delineation of authority to the regions within the bounds of a determined legislative rule. The federal subjects gained the possibility to regulate attraction of foreign investments, and manage sphere of actions of the joint ventures of foreign capital. Among such regions, who created their own legislative base, was the Republic of Tatarstan. economic, social conditions in the regions and the interests of the federal center and the subjects.

Keywords: investment, delineation of authority, attraction of foreign investments, federal center and the subjects

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ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

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