Regional Investment Policy Under The Impact Of Budget Limitations And Economic Sanctions

Yelena S. Avramenko, Semyon V. Vlasov, Sergey A. Lukyanov, Irina M. Temkina

Abstract


This article presents the results of research on the impact which budget limitations and economic sanctions have had on regional investment policy External sanctions and sluggish economic growth have affected the social and economic development of the region. Relying on the results of comparative and statistical analysis, the article demonstrates the need for altering the focus of current investment policy from quantitative growth to qualitative enhancement. The article analyses a new trend in the investment policy related to import substitution and the way it is combined with the acceleration of innovative business developments in Sverdlovsk region. The findings and recommendations described in this article can be applied by public authorities of the Russian Federation, by experts in the sphere of regional investment policy and development, and by organizations specializing in investment attraction and collaboration with investors in Russian regions.


Keywords


global situation; sanctions; regional investment policy; budget limitations; import substitution; Middle Urals

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References


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DOI: https://doi.org/10.15826/recon.2015.1.013

Copyright (c) 2018 Yelena S. Avramenko, Semyon V. Vlasov, Sergey A. Lukyanov, Irina M. Temkina