Regional Economics: Theory and Practice

The main directions of financial support of investment activity and economic growth in the regions of Russia

Vol. 16, Iss. 5, MAY 2018

Received: 13 March 2018

Received in revised form: 6 April 2018

Accepted: 12 April 2018

Available online: 15 May 2018


JEL Classification: F21, F43, F53, H30

Pages: 792–804

Kapranova L.D. Financial University under Government of Russian Federation, Moscow, Russian Federation

Importance This article considers the various aspects of financial support of investment activity and economic growth in the regions of Russia.
Objectives The article aims to analyze the application of various financial mechanisms of stimulating investment activity in the regions and the main directions of their improvement.
Methods For the study, I used the methods of analysis of scientific research and statistical data.
Results The article contains certain proposals to assess the effectiveness of the federal and regional executive authorities in improving the investment and entrepreneurial climate as a factor influencing the achievement of sustainable economic growth and coordination of actions for the effective use of potential resources of the regions.
Conclusions It is necessary to improve the mechanisms of providing financial support to regions in the form of inter-budget transfers, tax benefits, investment tax credit, as well as develop legislation on public-private partnership and support of small business.

Keywords: investment, investment potential, investment climate, economic growth, project financing


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

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October 2018