Econometric and Statistical Estimates of Investments into Fixed Capital in Russian Regions

Sergey Mitsek () and Elena Mitsek ()
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Sergey Mitsek: Liberal Arts University, Yekaterinburg, Russia
Elena Mitsek: Liberal Arts University, Yekaterinburg, Russia

Applied Econometrics, 2009, vol. 14, issue 2, 39-46

Abstract: Analysis of factors affecting investments in fixed capital in Russian regions is given in the paper. Econometric estimates showed that the strongest factors are the average fixed assets’ efficiency and the share of construction industry in the gross regional product. Technological factors have weak influence on the investment process. Oil-rich regions have no priority in investment policy. On the other hand transportation conditions have influence on investment processes

Keywords: Investment in fixed assets; econometric estimates; renovation of fixed assets; average revenue from fixed assets; rank correlations (search for similar items in EconPapers)
JEL-codes: C33 O16 O18 (search for similar items in EconPapers)
Date: 2009
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