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Regional Economics: Theory and Practice

Infrastructure as an investment platform to accelerate the economic development of regions: Evidence from the Primorsky Krai

Vol. 17, Iss. 6, JUNE 2019

Received: 28 February 2019

Received in revised form: 22 April 2019

Accepted: 7 May 2019

Available online: 17 June 2019


JEL Classification: E22, H54, R53, R58

Pages: 1154–1171


Filatov A.S. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation

ORCID id: not available

Subject This article discusses the development of engineering and social infrastructure as a factor to increase investment, thus accelerating economic growth.
Objectives The article aims to identify a transmission mechanism of economic growth through investment and determine the impact of infrastructure development on the implementation of investment projects, considering the Primorsky Krai as a case study.
Methods For the study, I used bibliographic, statistical, and content analysis methods.
Results The article identifies the need for construction of engineering infrastructure and development of social institutions in order to successfully attract and effectively use investments in the Primorsky Krai. As well, it presents a developed methodology of evaluation of the effect of investment projects implementation.
Conclusions The article underlines that one of the important factors, considering the transport specialization of the Primorsky Krai and the potential of its industry development, is a development of the region's infrastructure.

Keywords: investment policy, innovation development, infrastructure, investment project, government support


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