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Finance and Credit
 

Financial components of the investment process in the regions: Essence and evaluation

Vol. 24, Iss. 4, APRIL 2018

Received: 17 January 2018

Received in revised form: 12 February 2018

Accepted: 26 February 2018

Available online: 28 April 2018

Subject Heading: INVESTING

JEL Classification: Е62

Pages: 860—876

https://doi.org/10.24891/fc.24.4.860

Edronova V.N. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation
v.n.edronova@mail.ru

ORCID id: not available

Maslakova D.O. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation
mas-dariy@yandex.ru

ORCID id: not available

Importance The paper considers the financial relations in the investment process and its impact on investment processes in the regions of Russia.
Objectives We aim to determine the dynamics and indicators of regional investment process and reveal the correlation of these components in the Russian Federation.
Methods For the study, we used the scientific methods, including analysis and synthesis, modeling, correlation, and regression. The indicators characterizing investment processes and the level of economic development in the subjects of the Russian Federation for the period of 2011–2015 are the empirical basis of the study.
Results The paper specifies the definition of financial components of the investment activity of the region. It estimates the financial components of regional investment processes and detects their connection in different regions of the Russian Federation.
Conclusions and Relevance There is a significant differentiation of districts by level of investment per capita, and there is a slowdown in the rate of growth of investment per capita. The economic effect of investments is manifested only in some federal districts, the influence of investments on regional product is weak. The results of the research are intended for students, undergraduates and post-graduate students of economic specialties. They can be used by teachers in educational process. They also can are of interest for experts in the field of investment activities of public administration bodies.

Keywords: investment process, investment climate, investment activity, region, gross regional product

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