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Investment appeal of a region and its impact on investment inflows

Author

Listed:
  • Aleksandra Grigorievna Polyakova

    (Tyumen Industrial University, Russian Federation)

  • Aleksandra Grigorievna Polyakova

    (Plekhanov Russian University of Economics, Russian Federation)

  • Elvir Munirovich Akhmetshin

    (Kazan Federal University, Russian Federation)

  • Albert Valentinovich Pavlyuk

    (Moscow State Institute of International Relations, Russian Federation)

  • Galina Vladimirovna Meshkova

    (Bauman Moscow State Technical University, Russian Federation)

Abstract

The study is aimed at assessing the impact of several indicators of investment appeal, namely, domestic research and development expenditure and the rate of employment, on the inflow of investment to a region. The Russian regions’ data were used to run factorial analysis of variance of investment in fixed assets against the variance of R&D expenditure and rate of employment: factors’ influence was estimated significant with a greater impact from domestic R&D expenditure on the capital expenditure. The study proves that investors, when making decisions about investing their funds, pay attention primarily to the extent of intellectual potential development in a region, rather than to labor availability. Consequently, the strong influence of this factor on the inflow of investment makes it possible to conclude that regions that have reached the greatest level of intellectual potential development have every reason to be the most attractive for investors.

Suggested Citation

  • Aleksandra Grigorievna Polyakova & Aleksandra Grigorievna Polyakova & Elvir Munirovich Akhmetshin & Albert Valentinovich Pavlyuk & Galina Vladimirovna Meshkova, 2019. "Investment appeal of a region and its impact on investment inflows," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1089-1097, December.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1089-1097
    DOI: 10.9770/jesi.2019.7.2(21)
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    References listed on IDEAS

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    More about this item

    Keywords

    investment; investment appeal; innovation; scientific and technological development; region; regional development;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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