Economic Analysis: Theory and Practice

Spatial differentiation of regions' investment appeal in the context of economic security

Vol. 16, Iss. 8, AUGUST 2017

Received: 13 February 2017

Received in revised form: 8 June 2017

Accepted: 7 August 2017

Available online: 29 August 2017


JEL Classification: F52, H54, H56, P52, R12

Pages: 1455–1472

Vyakina I.V. Tver State Technical University, Tver, Russian Federation

Importance The Russian Federation is characterized by significant differences in socio-economic conditions for investment activities in regions. For the purposes of economic security, it is crucial to consider the fact that regions with different levels of development have different economic interests and growth opportunities within a single economic space.
Objectives The purpose of the study is to examine reasons for spatial imbalances in development and investment attractiveness from the economic security perspective and their impact on the nature of regional investment processes under economic sanctions and Russia's foreign economic relations restructuring.
Methods The study relies on traditional methods of scientific analysis, economic and mathematical statistics, techno-economic and logical analysis, graphical and economic-mathematical modeling, etc.
Results The paper examines the importance of single economic and investment space to ensure national economic security, identifies reasons for qualitative differences in investment appeal of Russian regions, assesses investment concentration in constituent entities of the Russian Federation, analyzes spatial distribution of foreign investments prior to imposition of economic sanctions by Western countries and their outflow in the process of Russia's economic relations restructuring.
Conclusions It is possible to mitigate spatial heterogeneity of investment attractiveness of subjects of the Russian Federation through registration of enterprises based on the place of their actual activities, enhancement of interactions and economic relations within the economic space of the Russian Federation.

Keywords: investment attractiveness, interregional differentiation, economic security, economy development


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