Regional Economics: Theory and Practice

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Methodological aspects of the regional investment policy formation

Vol. 13, Iss. 40, OCTOBER 2015

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Received: 14 August 2015

Accepted: 31 August 2015

Available online: 3 November 2015


JEL Classification: 

Pages: 16-32

Malyshev D.P. Pskov State University, Pskov, Russian Federation

Kostinboi A.S. Gazprom Transgaz Saint Petersburg LLC, Pskov Branch, Pskov, Russian Federation

Importance The article deals with the development of the methodology of formation of regional investment policy.
     Objectives The paper aims to systematize the regional experience shaping investment policies and identify the best practices in the constituent entities of the Russian Federation.
     Methods For the study, we used methods of analysis, such as the systematization and generalization.
     Results We classified the forms of State support of investment activity. We propose an optimal variant of a region's investment-strategy implementation target indicators. We defined three approaches to identify the key factors of investment attractiveness and formation of territorial priorities of the investment policy of the Russian Federation subjects.
     Conclusions and Relevance We concluded that the objectives of the investment policy and the investment strategy of the region are closely interrelated, and they need to be presented as a single system of goals. We propose our own methodology of formation and implementation of investment policies in the region.

Keywords: regional strategic planning, investment strategy, region, strategic priorities, methodology


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