National Interests: Priorities and Security

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Investment in a set of sustainable development drivers

Vol. 15, Iss. 6, JUNE 2019

Received: 11 March 2019

Received in revised form: 27 March 2019

Accepted: 16 April 2019

Available online: 17 June 2019


JEL Classification: O11, P28, Q56

Pages: 1131–1148

Skvortsova G.G. Tver State Technical University (TvSTU), Tver, Russian Federation

Kondrat'eva O.A. Tver State Technical University (TvSTU), Tver, Russian Federation

Subject The volume and structure of investment determine the socio-economic development of any economic system. Research into local sustainable development issues may not overlook the investment process since the material wellbeing of people ultimately depends on investment.
Objectives The study evaluates the impact of the local investment situation on the sustainability of development, role of a sectoral focus of investment in the advancement of the local sustainable development model.
Methods Research involves methods of a systems, logic and comparative analysis of scholarly literature, mathematical statistics and graphic modeling.
Results We analyzed Russia's investment sector at this point of economic development in terms of inbound and outbound foreign direct investment and composition of investment by economic sectors. Inbound foreign investment demonstrate positive and negative trends. Outbound and inbound investment remain a crucial driver of local sustainable development. Having analyzed an increase in the capital stock by sector of the Russian economy for 2017, we noted the disparity among subsystems of the local sustainable development model.
Conclusions and Relevance There is a positive impact of governmental investment in the national capital stock, healthcare, social services, culture, sports, leisure and entertainment, preserving and promoting the social subsystem. Investment flows decline in the environmental subsystem. If the sectoral focus of investment is underestimated, the disparity in subsystems of the local sustainable development grows.

Keywords: investment, investment sector, sustainable development, economic activity


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