Importance The article considers the issues of region classification as per a degree of investment attraction and activity. Objectives The paper aims to develop methods for classifying and clustering the regions according to the degree of investment attraction and activity, using the regions of the Central Federal District of the Russian Federation as a case study. Methods We used the simplest methods of multivariate analysis, including standardization of data, grouping, classifying, etc. Results We developed four analytical tools for studying the investment attractiveness and activity of regions: an analysis of time drifts of investment attractiveness of the regions, classification and distribution of regions by levels of investment activity in movements, trend diagnostic chart of investment activity of regions, and a cross-spectrum analysis of the sum of attracted foreign investments per capita with the distribution of regions by clusters of investment attractiveness. Conclusions and Relevance We conclude that the potential and focus of regions to move to the more prestigious clusters of investment attractiveness (climate), as well as a cross-spectrum analysis of the sum of attracted foreign investments per capita with the distribution of regions by investment attractiveness of clusters will allow generating a specific investment strategy in these regions. The results of the research can be useful when drawing up profiles of arbitrary regions and developing strategies to attract foreign investment in them. They also will allow identifying groups of regions that are attractive for foreign investors.
Sukovatova O.P., Chernobrodova A.A., Podgornova N.A. Ispol'zovanie tipologizatsii regionov v upravlenii strategicheskim razvitiem [Typology of Regions in Strategic Development Management]. Perspektivy nauki = Science Prospects, 2014, no. 7, pp. 110–113.
Latanova M.V. Tipologizatsiya sub"ektov PFO po investitsionnoi privlekatel'nosti [Typologization of subjects of the Volga Federal District by investment appeal]. Vestnik magistratury = Bulletin of Magistracy, 2014, no. 2, pp. 99–103.
Shafran A.M. Tipologiya regionov Rossii po pokazatelyu investitsionnogo potentsiala: geograficheskii aspekt [Typology of Russian regions in terms of investment potential: a geographical aspect]. Intellekt. Innovatsii. Investitsii = Intelligence. Innovation. Investment, 2011, no. 4, pp. 126–130.
Shafran A.M. Ekonomiko-geograficheskoe polozhenie kak faktor formirovaniya investitsionnogo potentsiala regionov Rossii [Economic and geographic position of Russian regions as a factor in the investment-potential formation]. V mire nauchnykh otkrytii = In the World of Scientific Discoveries, 2011, no. 10, p. 319.
Shafran A.M. Proizvodstvennyi kapital regionov Rossii kak faktor formirovaniya ikh investitsionnogo potentsiala [Productive capital of Russian regions as a factor in formation of their investment potential]. Voprosy novoi ekonomiki = Issues of New Economy, 2011, no. 3, pp. 89–95.
Zhirnel' E.V. Investitsionnaya privlekatel'nost' rossiiskikh regionov [Investment appeal of Russian regions as a precondition for economic growth]. Trudy Karel'skogo nauchnogo tsentra RAN = Transactions of Karelian Research Centre of RAS, 2013, no. 5, pp. 77–86.
Bakieva A.A. Evolyutsiya otsenok investitsionnoi privlekatel'nosti rossiiskikh regionov [Evolution of estimates of the investment appeal of the Russian regions]. Nauchno-tekhnicheskii vestnik informatsionnykh tekhnologii, mekhaniki i optiki = Scientific and Technical Journal of Information Technologies, Mechanics and Optics, 2007, no. 7, pp. 116–122.
Babanov A.V. Klassifikatsiya faktorov, formiruyushchikh investitsionnuyu privlekatel'nost' regiona [The classification of factors forming the regional investment attractiveness]. Ekonomicheskii zhurnal = Economic Journal, 2012, vol. 28, no. 4, pp. 88–95.
Shekhovtseva L.S., Zaplatina V.V. Podkhody k regional'nomu klasteroobrazovaniyu [Approaches to regional clustering]. Region: ekonomika i sotsiologiya = Region: Economics and Sociology, 2012, no. 3, pp. 120–132.
Tyuleneva N.A., Lisnyak A.A. Influence of Regions Innovative and Investment Activity on Their Social-Economic Development: Results of an Empirical Study. Mediterranean Journal of Social Sciences, 2015, vol. 3, no. 6, pp. 347–357. doi: 10.5901/mjss.2015.v6n3p347
Men'shenina I.G., Kapustina L.M. Klasteroobrazovanie v regional'noi ekonomike [Clustering in regional economy]. Yekaterinburg, Ural State Economic University Publ., 2008, 154 p.
Petri P.A. The Regional Clustering of Foreign Direct Investment and Trade. Transnational Corporations, 1994, vol. 3, no. 3, pp. 1–24.
Barjak F. Regional Disparities in Transition Economies: A Typology for East Germany and Poland. Post-Communist Economies, 2001, vol. 13, no. 3, pp. 289–311. doi: 10.1080/14631370120074849
Kandogan Y. Regional Foreign Direct Investment Potential of the States within the US. Journal of Economics and Business, 2012, vol. 64, no. 4, pp. 306–322. doi: 10.1016/j.jeconbus.2012.03.004
Fallon G., Cook M. Exploring the Regional Distribution of Inbound Foreign Direct Investment in the UK in Theory and Practice: Evidence from a Five-Region Study. Regional Studies, 2010, vol. 44, no. 3, pp. 337–353. doi: 10.1080/00343400802378735
Nikitina A.A., Bragina T.E. Otsenka investitsionnoi privlekatel'nosti regiona [Evaluation of the investment attractiveness of the region]. Sibirskaya finansovaya shkola = Siberian Financial School, 2013, no. 4, pp. 27–30.
Glebova I., Sadyrtdinov R., Rodnyansky D. Impact Analysis of Investment Attractiveness of the Republic of Tatarstan on Fixed Investments of its Leading Companies. World Applied Sciences Journal, 2013, vol. 26, no. 7, pp. 911–916. doi: 10.5829/idosi.wasj.2013.26.07.13520
Kramin M.V., Safiullin L.N., Kramin T.V., Timiryasova A.V. Drivers of Economic Growth and Investment Attractiveness of Russian Regions. Life Science Journal, 2014, vol. 11, no. 6s, pp. 526-530.
Terent'ev A.A. Investitsionnaya privlekatel'nost' regiona kak odin iz kriteriev analiza finansovogo riska regiona [Region investment attractiveness as a criterion of region financial risk]. Ekonomicheskie i gumanitarnye issledovaniya regionov = Economic and Humanitarian Researches of Regions, 2010, no. 4, pp. 115–123.
Kramin T.V., Safiullin L.N., Timiryasova A.V. Defining Priorities of Management of Investment Attractiveness of the Region and their Consideration in the Framework of Implementing Large Sports Events. Mediterranean Journal of Social Sciences, 2014, vol. 5, no. 18, pp. 275–281. doi: 10.5901/mjss.2014.v5n18p275
Nugumanova L.F., Novenkova A.Z., Abdulganiev F.S. Investment Attractiveness of Regions: Gender Factors. Mediterranean Journal of Social Sciences, 2014, vol. 5, no. 18, pp. 79–85. doi: 10.5901/mjss.2014.v5n18p79
Kandogan Y. The Effect of Foreign Trade and Investment Liberalization on Spatial Concentration of Economic Activity. International Business Review, 2014, vol. 23, no. 3, pp. 648–659. doi: 10.1016/j.ibusrev.2013.11.005
Santangelo G.D., Lammarino S. Foreign Direct Investment and Regional Attractiveness in the EU Integration Process: Some Evidence for the Italian Regions. European Urban and Regional Studies, 2000, vol. 7, no. 1, pp. 5–18.
Nakamura R.H., Olsson M., Lönnborg M. FDI in the post-EU Accession Baltic Sea Region: A Global or a Regional Concern? Baltic Journal of Economics, 2012, vol. 12, no. 2, pp. 89–108. doi: 10.1080/1406099X.2012.10840519
Gugler Ph., Brunner S. FDI Effects on National Competitiveness: A Cluster Approach. International Advances in Economic Research, 2007, vol. 13, no. 3, pp. 268–284. doi: 10.1007/s11294-007-9091-1
McDonald F., Tüselmann H.J., Heise A., Williams D. Employment in Host Regions and Foreign Direct Investment. Environment and Planning C: Government and Policy, 2003, vol. 21, no. 5, pp. 687–701. doi: 10.1068/c0231
