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Regional Economics: Theory and Practice
 

Regional experience of formation and realization of investment policy: Evidence from the regions of the Arctic Zone of the Russian Federation

Vol. 17, Iss. 3, MARCH 2019

Received: 4 February 2019

Received in revised form: 9 February 2019

Accepted: 12 February 2019

Available online: 15 March 2019

Subject Heading: REGIONAL STRATEGIC PLANNING

JEL Classification: G21, G31, R11, R58

Pages: 451–465

https://doi.org/10.24891/re.17.3.451

Serova N.A. Luzin Institute for Economic Studies, Kola Science Centre of RAS, Apatity, Murmansk Oblast, Russian Federation
serova@iep.kolasc.net.ru

https://orcid.org/0000-0001-8064-1251

Subject This article deals with the issues of development of theoretical and methodological provisions on the essence and mechanism of regional investment policy.
Objectives The article aims to find ways to solve the fundamental scientific problem of improving the efficiency of the investment policy mechanism at the regional level.
Methods For the study, I used the methods of analysis and synthesis, description, comparison, and generalization.
Results The article highlights the main approaches to understanding the essence of regional investment policy, presents its definition, and sets the main stages of its formation and implementation. As well, the article proposes certain key lines of improvement of investment policy of Arctic regions.
Conclusions The article concludes that there is no effective system of measures to attract investment and add momentum to investment processes formed yet.

Keywords: Arctic zone of the Russian Federation, regional investment policy, strategic planning, regulation

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