Theoretical approaches to the construction of innovative investment model of raw-mineral complex development

Sergey Shvets

Economy of region, 2012, vol. 1, issue 2, 137 - 144

Abstract: This paper analyzes investment and innovative model of development of the mineral resources sector in Russia. It is proved that the emphasis in today's economy is made on the development of both raw materials industries, most of which are associated with the extraction and primary processing of renewable natural resources, and processing industries, which leads to an increase in national wealth. The formation of the demand for investment in mineral resources under the influence of the complex growth of net investment income is caused by technological progress. The mechanism of action of the investment multiplier and accelerator, linked to the autonomous investment, influencing the commissioning of mineral deposits, providing a subsequent impact on the associated industries is considered in details. The author has proposed to introduce a macroeconomic model of subsoil group of indicators characterizing the volume of autonomous investments in the development of the mineral resources sector and related industries.

Keywords: investment and innovative model; mineral resource complex; points of growth; economic development (search for similar items in EconPapers)
Date: 2012
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