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Evaluating the effect of region's reputation capital on the revitalization mode of investing activity: The analysis methodology and its testing. Evidence from the regions of the Volga Federal District

Grunichev A.S. Centre for Education and Methodics of Federal Antimonopoly Service, Kazan, Republic of Tatarstan, Russian Federation ( C.p@tatar.ru )

Safiullin M.R. Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation ( Marat.Safiullin@tatar.ru )

El'shin L.A. Center for Advanced Economic Research, Academy of Sciences of Republic of Tatarstan, Kazan, Republic of Tatarstan, Russian Federation ( Leonid.Elshin@tatar.ru )

Journal: National Interests: Priorities and Security, #11, 2019

Subject The article provides the rationale for studying models of spatial economic groth in terms of the reputation economics, since the role of regions’ reputation capital grows more and more important primarily due to the globalization of economic processes.
Objectives The study devises and tests methodological approaches to formally evaluate the region’s reputation capital and its impact on investing activity. We focus on the regions of the Volga Federal District and use methodological tools for evaluating the way the region’s reputation influences investment processes, their trends and indicators.
Methods Research employs models of spatial economic growth and, what is a distinguishing feature, offers a version of a conceptual approach to quantifying the regions’ reputation capital and its impact on the generation of investment processes in the regional economy.
Results Based on the technique for the formalized evaluation of the region’s reputation, we constructed time series of the analyzable indicators of respective regions for 2010–2017. They were used to verify econometric estimates showing how the regions’ reputation capital influences investing activities.
Conclusions and Relevance Based on the formalized methods, we captured that the regions’ reputation significantly influences their investing processes and respective trends. As part of the research, we traced patters verifying that reputation capital has a more notable effect in those regions that have a higher socio-economic development level. The methodological approaches would be practicable for evaluating the current and future efficiency of the regional economic development.


Formalized assessment of reputation capital of the region: Methodological approaches and their testing, the Republic of Tatarstan case

Grunichev A.S. Training Center of Federal Antimonopoly Service, Kazan, Russian Federation ( C.p@tatar.ru )

El'shin L.A. Center of Advanced Economic Research in Academy of Sciences of Republic of Tatarstan, Kazan, Russian Federation ( Leonid.Elshin@tatar.ru )

Journal: Regional Economics: Theory and Practice, #9, 2019

Subject The article considers methodological approaches to formalized assessment of reputation capital of territories.
Objectives The aim is to develop theoretical and methodological framework for formation and assessment of regional economic systems' reputation capital through defining the institutional and market factors that affect the nature and essential characteristics of parameters of territories' economic growth.
Methods We offer a version of conceptual approach to quantitative assessment of reputation capital of the territory, which enables a transition from qualitative to formalized assessment of progress of the investigated process. The study employs methods of economic and statistical modeling.
Results We assess the behavior of reputation capital of the Republic of Tatarstan from 2013 to 2017. The obtained data demonstrate an upward and wavelike trend in the reputation of the region. It is conditioned by divergent movements of key sub-index values.
Conclusions The developed and tested methodological tools for quantitative assessment of region’s reputation capital create a firm basis for academic studies aimed at the multivariate analysis of core drivers of territory's reputation.


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