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Regional Economics: Theory and Practice
 

Efficiency increase of management of investment projects for the regional development

Vol. 12, Iss. 17, MAY 2014

Available online: 4 May 2014

Subject Heading: REGION INVESTMENT POTENTIAL

JEL Classification: 

Pages: 42-48

Malakhova T.A. Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation
tamal69@mail.ru

Paskannyi V.I. JSC MOSTSTISIZ, Moscow, Russian Federation
paskanny@mostisiz.ru

The article deals with the approaches to finance management to implement regional programs. It also considers a methodology for choosing an efficiency relevant criterion of investment projects. The principal factors, mechanisms and methods to plan capital investments and the mechanism to control investment recoupment are the author's study subjects. The author marks the cost-based methods of a project budget financing, shortage of investment in the production and social spheres, predomination of the budgetary sources, low activities of investors and banks' participation in financing of regional programs, as the main problems of the processes. Under these reasons the author puts forward a proposal to use an integrated criterion to select regional projects on the basis of calculation of indicators of the budgetary, social, economic and ecological efficiency.

Keywords: investment process, project financing, public financing, industrial development, scientific and technical development, investment projects' efficiency, project's payback, regional investment projects

References:

  1. Malakhova T.A. Gosudarstvennaia politika stimulirovaniia investitsionnykh protsessov v usloviiakh modernizatsii ekonomiki Rossii [The state policy of investment stimulation in conditions of modernization of the economy of Russia]. Vestnik Rossiiskogo universiteta druzhby narodov. Ser. Ekonomika – Bulletin of Peoples' Friendship University of Russia, 2012, no. 5, pp. 109–116.
  2. Malakhova T.A. O privlechenii investitsii v territorial’noe i munitsipal’noe razvitie [Attracting investment in territorial and municipal development]. Samoupravlenie – Self-government, 2011, no. 8, pp. 30–31.
  3. Order of the Ministry of Regional Development of Russia “A method of calculation of indicators and application of criteria of efficiency of the regional investment projects applying for receiving the state support at the expense of budgetary appropriations of investment fund of the Russian Federation” of October 10, 2009 ¹ 493. Available at: Link. (In Russ.)
  4. Mokhova L.A., Nesvetailova S.V., Filicheva E.V. Investitsii v pereustroistvo territorii [Investment in a reorganization of territories]. Trudy instituta sistemnogo analiza RAN – Proceedings of Institute for Systems Analysis of RAS, vol. 49, pp. 138–145.
  5. Orlova E.R., Frolova M.P., Bocharova I.E. Analiz investitsionnoi privlekatel’nosti sektorov ekonomiki i investitsionnoi privlekatel’nosti regionov Rossii [An analysis of investment appeal of the economy sectors and regions of Russia]. Natsional’nye interesy: prioritety i bezopasnost’ – National interests: priorities and security, 2013, no. 35, pp. 36–43.
  6. Khrustalev E.Iu., Slavianov A.S. Problemy formirovaniia investitsionnoi strategii innovatsionno orientirovannogo ekonomicheskogo rosta [Problems of formation of the investment strategy of innovation-focused economic growth]. Problemy prognozirovaniia – Problems of forecasting, 2011, no. 3, pp. 19–30.
  7. Khrustalev E.Iu., Botasheva A.S. Kontseptsiia vyvoda regiona iz depressivnogo sostoianiia [The concept of helping a region out of the doldrums]. Natsional’nye interesy: prioritety i bezopasnost’ – National interests: priorities and security, 2011, no. 34, pp. 69–80.
  8. Ianin O.E. Osnovnye printsipy i metody otsenki effektivnosti gorodskikh tselevykh programm [The basic principles and methods of an assessment of efficiency of city target programs]. Ekonomika megapolisov i regionov – Economy of megalopolises and regions, 2010, no. 3, pp. 9–11.

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

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