Assessment of the Social Effectiveness of the Project for Development of Innovative Infrastructure on Russky Island

M. E. Kuznetsov ()
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M. E. Kuznetsov: Center for System Transformations, Faculty of Economics, Lomonosov Moscow State University

Regional Research of Russia, 2023, vol. 13, issue 1, S118-S126

Abstract: Abstract The aim of this study is to scientifically substantiate an integrated methodology for assessing the socioeconomic efficiency of integrated investment projects (IIP) based on the principles of sustainable development and international approaches to assessment with a case study of IIP for creating innovative infrastructure in the Far Eastern Federal District (FEFD) of Russia. The object of the study is complex investment projects for the development of innovative infrastructure, implemented in the FEFD. The subject of the study is a set of forecast socioeconomic effects and consequences of implementing the IIP for the development of innovation infrastructure in the FEFD. The article discusses the main directions and instruments of state policy to support IIP in the FEFD, as well as approaches to evaluating such projects. The features and problems of methodological support for assessing the social (economic) efficiency of IIP are revealed. The scientific novelty of the research is the following: existing domestic and foreign methodological approaches to achieving the goal set in it were adapted, the corresponding tools were modified, and experimental calculations were performed with a case study of the project of the Russky innovative scientific and technological center, making it possible to obtain quantitative estimates of the social effectiveness of the project in the context of types of generated effects. The results of the study will make it possible to improve the validity of decisions on implementing budget investments and provision of state support measures for individual projects; they will form a systemic basis for prioritizing a portfolio of existing and future projects (reorienting state support to projects with maximum social impact) and will contribute to improving the structure of initiated projects in favor of more socially effective options for their implementation.

Keywords: sustainable development; integrated investment projects; socioeconomic effects; social efficiency; government support; integrated assessment; Far Eastern Federal District; innovation infrastructure; cost-benefit analysis; public costs (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1134/S2079970523600269

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