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Regional Economics: Theory and Practice
 

Investment as a region's economic growth key driver

Vol. 18, Iss. 4, APRIL 2020

Received: 13 January 2020

Received in revised form: 10 February 2020

Accepted: 11 March 2020

Available online: 15 April 2020

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: Q10, Q13, Q18, Q23, Q43

Pages: 753–764

https://doi.org/10.24891/re.18.4.753

Sharipov Sh.I. Dagestan State University of National Economy (DSUNE), Makhachkala, Republic of Dagestan, Russian Federation
sharips@mail.ru

https://orcid.org/0000-0002-2820-8247

Abusalamova N.A. Dagestan State University of National Economy (DSUNE), Makhachkala, Republic of Dagestan, Russian Federation
abu-naida@yandex.ru

ORCID id: not available

Ibragimova B.Sh. All-Russian Institute of Agrarian Problems and Informatics named after A.A. Nikonov (VIAPI n.a. A.A. Nikonov – Branch of FRC AESDRA VNIIESH), Moscow, Russian Federation
Bakhu1991@mail.ru

ORCID id: not available

Subject. This article discusses the issues related to investment as a factor in the region's economic growth.
Objectives. The article aims to explore investment activities in the region, identify trends in economic growth, develop mechanisms to stimulate investment activity and modernize the regional economy. The Republic of Dagestan is considered as a case study.
Methods. For the study, we used the abstract-logical, statistical, analytical methods, and a scholarly literature review.
Results. The article proposes a set of reasonable measures to stimulate investment activities in the region and developed tools to involve the authorities in creating the necessary prerequisites for the inflow of private investment.
Conclusions. Budget funds play a key role in the amount of investments in Dagestan's economy. Banking capital is practically not involved in the modernization of the region's economy.

Keywords: investment, economic growth, trends, index, potential

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