+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Regional Economics: Theory and Practice
 

An analysis of main factors influencing the regional competitiveness

Vol. 15, Iss. 4, APRIL 2017

PDF  Article PDF Version

Received: 25 October 2016

Received in revised form: 1 December 2016

Accepted: 12 December 2016

Available online: 16 April 2017

Subject Heading: THEORY OF REGIONAL ECONOMY

JEL Classification: P48, R19

Pages: 618-631

https://doi.org/10.24891/re.15.4.618

Dus' Y.P. Omsk State University, Omsk, Russian Federation
dous@univer.omsk.su

Mishchenko V.V. Altai State University, Barnaul, Altai Krai, Russian Federation
m.vitaly53@mail.ru

Shcherbakov V.S. Altai State University, Barnaul, Altai Krai, Russian Federation
chsherbakov.v@gmail

Importance The article discusses the issues of regional competitiveness and determination of competitive advantages of regions.
Objectives The article aims to select and analyze key factors influencing the regional investment attractiveness, which in turn affects the competitiveness of the region, and particularly those ones that might be affected and controlled at the regional level.
Methods For the study, we applied the analytic hierarchy process (AHP), first proposed by Thomas L. Saaty in the 1970s, which helped to analyze the factors of subjective nature, that usually cannot be effectively quantified.
Results The analysis shows that the most significant factors affecting the investment attractiveness of the region are an institutional environment, region's financial markets, and the development of regional infrastructure.
Conclusions and Relevance The investment attractiveness of the region is one of the most important elements of regional competitiveness, and it itself is affected by a number of factors. Among the most important factors, there are those ones that can be impacted on at the regional level. The results of the article can be used to justify and build a regional economic policy, develop measures to improve the competitiveness of regions.

Keywords: competitiveness, investment attractiveness, regional economy, institutional environment, competitive advantage

References:

  1. Druzhinin A.G. [The 'cultural component' of human geography in modern Russia: the results of formation, problems and priorities of development]. Yuzhno-rossiiskii forum: ekonomika, sotsiologiya, politologiya, sotsial'no-ekonomicheskaya geografiya = South Russia Forum: Economics, Sociology, Political Science, Socio-Economic Geography/Human Geography, 2013, no. 1(6), pp. 3–15. Available at: Link. (In Russ.)
  2. Fridman Yu.A., Rechko G.N., Limonov A.G. [Competitive advantages and innovative character of regional economies]. Region: ekonomika i sotsiologiya = Region: Economics and Sociology, 2011, no. 1, pp. 33–49. (In Russ.)
  3. Safiullin M.R. [Government innovative policy: a regional aspect]. Innovatsii = Innovations, 2010, no. 5, pp. 112–117. (In Russ.)
  4. Safiullin A.R. [Investment attractiveness of the territory as a factor of its competitiveness]. Ekonomicheskie strategii = Economic Strategies, 2009, no. 8, pp. 140–149. (In Russ.)
  5. Animitsa E.G., Ivanitskii V.P., Peshina E.V. V poiskakh novoi paradigmy regional'nogo razvitiya [In search of a new paradigm of regional development]. Yekaterinburg, UrB RAS Publ., 2005, 108 p.
  6. Safiullin L.N., Pikulev A.A. [Innovative aspects of increasing the competitiveness of regions]. Vestnik Kazanskogo gosudarstvennogo agrarnogo universiteta = Vestnik of Kazan State Agrarian University, 2011, no. 2, pp. 58–61. (In Russ.)
  7. Oshchepkov V.M., Kuz'mina Yu.D. [Regional competitiveness: the essence, modern factors of increase]. Vestnik Permskogo universiteta. Seriya: Ekonomika = Perm University Herald. Economy, 2012, no. 3-1, pp. 6–12. (In Russ.)
  8. Porter M.E. Konkurentsiya [On Competition]. Moscow, Vil'yams Publ., 2005, 608 p.
  9. Tatarkin A.I. [The formation of regions' competitive advantages]. Region: ekonomika i sotsiologiya = Region: Economics and Sociology, 2006, no. 1, pp. 141–154. (In Russ.)
  10. Kolomak E.A. [Analyzing the factors of regional competitiveness]. Region: ekonomika i sotsiologiya = Region: Economics and Sociology, 2009, no. 3, pp. 87–115. (In Russ.)
  11. Zhikharevich B.S. [Institutional measurement of the socio-economic regional space: an approach to the research]. Ekonomika Severo-Zapada: problemy i perspektivy = Economy of the North-West: Issues and Prospects of Development, 2011, no. 2-3, pp. 46–50. (In Russ.)
  12. Dokholyan S.V. [Problems of formation of competitiveness of the region: the basic contradictions, positive and negative factors]. Regional'nye problemy preobrazovaniya ekonomiki = Regional Problems of Transforming the Economy, 2009, no. 1, pp. 8–19. (In Russ.)
  13. Shastitko A.E. [Competitiveness of the region: content, factors, policies]. Baltiiskii region = The Baltic Region, 2009, no. 1, pp. 11–31. (In Russ.)
  14. Vazhenin S.G., Vazhenina I.S. [Contours of regional competition]. Region: ekonomika i sotsiologiya = Region: Economics and Sociology, 2008, no. 2, pp. 271–288. (In Russ.)
  15. Shcherbakov V.S. [A methodology development to analyze the investment attractiveness of Siberian regions of the Russian Federation]. Vestnik Zabaikal'skogo gosudarstvennogo universiteta = Transbaikal State University Journal, 2016, vol. 22, no. 3, pp. 120–130. (In Russ.)
  16. Gambeeva Yu.N. [A comparative analysis of approaches to the competitiveness assessment of geographically organized economic systems]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2013, no. 10, pp. 100–113. Available at: Link. (In Russ.)
  17. Valinurova L.S., Kazakova O.B. [Evaluation of investment attractiveness of the regions of the Volga Federal District: the factors and conditions to attract investment]. Regionalnaya ekonomika i upravlenie: elektronnyi nauchnyi zhurnal, 2013, no. 4(36), pp. 1–14. (In Russ.) Available at: Link.
  18. Priputnev A.V., Zhukov B.M. [Economic phenomena of region's investment climate and investment attractiveness: a comparative analysis]. Nauchnyi vestnik YuIM = YuIM Science Bulletin, 2013, no. 3, pp. 54–59. (In Russ.)
  19. Babanov A.V. [A classification of factors forming the regional investment attractiveness]. Ekonomicheskii zhurnal = Economic Journal, 2012, no. 4, pp. 88–95. (In Russ.)
  20. Shcherbakov V.S. [An analysis of key factors of investment process in regions of the Russian Federation]. Voprosy regionalnoi ekonomiki = Problems of Regional Economy, 2016, no. 2, pp. 99–106. (In Russ.)
  21. Mikhailova E.G. [Controlled factors of investment process in region's industry]. Vestnik Kamchatskogo gosudarstvennogo tekhnicheskogo universiteta = Bulletin of Kamchatka State Technical University, 2004, no. 3, pp. 174–178. (In Russ.)
  22. Akhmetov O.A., Mzhel'skii M.B. [Analytic hierarchy process as an integral part of real estate evaluation methodology]. Aktual'nye voprosy otsenochnoi deyatel'nosti = Topical Issues of Valuation Activity, 2001. (In Russ.) Available at: Link-.
  23. Saaty Th.L. Prinyatie reshenii Metod analiza ierarkhii [The Analytic Hierarchy Process: Planning, Priority Setting, Resource Allocation]. Moscow, Radio i svyaz' Publ., 1993, 278 p.
  24. Reznikova N. [Regional investment attractiveness as a factor of the region's competitiveness]. Vestnik Instituta ekonomiki Rossijskoj akademii nauk, 2008, no. 4, pp. 240–251. (In Russ.)

View all articles of issue

 

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

Journal current issue

Vol. 22, Iss. 3
March 2024

Archive