Regional Economics: Theory and Practice

Regional strategic development: Investment activity as a determinant of the attractive image of the place

Vol. 16, Iss. 2, FEBRUARY 2018

Received: 19 October 2017

Received in revised form: 7 November 2017

Accepted: 10 December 2017

Available online: 15 February 2018


JEL Classification: R11, R13, R50, R53, R58

Pages: 214–229

Chekashkina N.R. Kuban State University, Krasnodar, Russian Federation

ORCID id: not available

Subject This article considers the issues of strategic development of the region in the context of regional attractiveness, in particular such a key attribute as investment activity.
Objectives Considering the Krasnodar Krai as a case study, the article aims to analyze its economic development in terms of gross regional product and its structure, and identify the main market drivers of economic growth of the region.
Results The article shows the key directions of economic activity in the region over the last six years and the dynamics of development of each branch separately, and it reveals the tendencies of further development.
Conclusions The article characterizes the dynamics of economic development of the Krasnodar Krai as positive, despite the slowdown of growth and stagnation in some industries. It concludes that in order to further attract both foreign and domestic investments, measures are needed to improve tax legislation, infrastructure modernization, export potential development, and the formation of further regional specialization.

Keywords: strategic development, place marketing, investment


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