Identification of Regional Sectoral Priorities Based on Key Investment Growth Points Cover Image

Определение региональных отраслевых приоритетов на основе ключевых точек инвестиционного роста
Identification of Regional Sectoral Priorities Based on Key Investment Growth Points

Author(s): Vladimir N. Myakshin, Vladimir N. Petrov, Tatiana N. Pesiakova
Subject(s): Economy, Geography, Regional studies
Published by: Институт экономики Уральского отделения Российской академии наук
Keywords: regional economy; sectoral investment priorities; key investment growth points; regional sectoral structure; Arkhangelsk oblast; types of economic activity; intersectoral investment relationships

Summary/Abstract: The relationship and mutual influence of intersectoral investment flows should be considered to improve the effectiveness of regional investment policy under financial restrictions. An analysis of studies in the field of sectoral investment priorities revealed numerous methodological problems, meaning that it is necessary to develop a new methodological approach to the establishment of investment priorities based on identifying key investment growth points. To examine and assess intersectoral investment interactions, the paper presented the concepts of mutual investment induction, mutually induced investments, key investment growth points, and developed a system of original indicators. An industry’s ability to induce investment in interrelated industries helps justify the sectoral concentration of investment resources. Based on its assessment, three classification groups of types of economic activity were distinguished: key, potential and possible in the future investment growth points. To test the proposed methodology, indicators of intersectoral investment interactions in the sectoral structure of Arkhangelsk oblast were calculated, a classification of types of economic activity was presented. Key investment growth points include five types of economic activity: “Construction”; “Wholesale and retail trade; repair of motor vehicles and motorcycles”; “Accommodation and food service activities”; “Professional, scientific and technical activities”; “Provision of other types of services”. Potential points include four types of economic activity: “Agriculture, forestry, hunting, fishing and fish farming”; “Manufacturing industries”; “Water supply; drainage, organisation of waste collection and disposal, pollution elimination activities”; “Health and social work activities”. The remaining eight types of economic activity constitute a group of growth points possible in the future. Based on the identified key and potential investment growth points, the paper distinguished priority investment areas and proposed an algorithm for regulating intersectoral investment flows.

  • Issue Year: 20/2024
  • Issue No: 3
  • Page Range: 867-883
  • Page Count: 17
  • Language: Russian
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