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Regional Economics: Theory and Practice
 

Possible sources of investment in the real sector of the region's economy: Evidence from the Nizhny Novgorod Oblast

Vol. 17, Iss. 3, MARCH 2019

PDF  Article PDF Version

Received: 19 February 2019

Received in revised form: 22 February 2019

Accepted: 25 February 2019

Available online: 15 March 2019

Subject Heading: REGION IN NATIONAL ECONOMY

JEL Classification: E22, O43, R11

Pages: 435–450

https://doi.org/10.24891/re.17.3.435

Shmeleva N.V. Nizhny Novgorod Institute of Management, Nizhny Novgorod Branch of the Russian Presidential Academy of National Economy and Public Administration (Branch of RANEPA), Nizhny Novgorod, Russian Federation
kaf-econt@niu.ranepa.ru

https://orcid.org/0000-0002-8725-9239

Reshetov M.S. PAO Gazprom Neft, St. Petersburg, Russian Federation
reshetov1980@gmail.com

https://orcid.org/0000-0002-4597-8032

Subject This article examines the issues of stimulating long-term investments in the real sector of economy.
Objectives The article aims to develop a model to attract the free financial resources of individuals as long-term investments in the real economy.
Methods For the study, we used the methods of comparative, time series, and regression analyses, and survey questionnaire.
Results The research of the investment activity in the real sector of economy of Nizhny Novgorod Oblast has revealed certain negative tendencies. The increase in cash of the population implies the possibility of using these cash resources as long-term investments in the real sector of the economy. The sociological survey shows a high degree of interest of individuals in participation in creation of small production enterprises in the status of co-founders.
Conclusions and Relevance If there is a model that helps individuals participate more actively in the creation of new production facilities, their free funds can be transformed into a source of long-term investment in the real sector of the economy. The results of the study can be used by companies interested in integration into related industries and government agencies that develop a regional development strategy.

Keywords: investment, transformation, strategy

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