Investment appeal of a region and its impact on investment inflows

Aleksandra Grigorievna Polyakova, Aleksandra Grigorievna Polyakova, Elvir Munirovich Akhmetshin (), Albert Valentinovich Pavlyuk and Galina Vladimirovna Meshkova
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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

Entrepreneurship and Sustainability Issues, 2019, vol. 7, issue 2, 1089-1097

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.

Keywords: investment; investment appeal; innovation; scientific and technological development; region; regional development (search for similar items in EconPapers)
JEL-codes: E22 G31 O11 R58 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1089-1097

DOI: 10.9770/jesi.2019.7.2(21)

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