Comparative analysis of fixed capital investments in the regions of Russia
Análisis comparativo de las inversiones de capital fijo en las regiones de Rusia
Palabras clave:
inversiones, capital fijo, regiones de Rusia, análisis de conglomerados, funciones normales de distribución
Resumen
El objetivo de la investigación fue evaluar los niveles específicos de inversión de capital fijo per cápita en todas las regiones de Rusia. La investigación se basó en las estadísticas oficiales de 2019 sobre el volumen de inversiones en capital fijo en 82 regiones de Rusia, así como los datos sobre la población. En la investigación se aplicó el análisis de conglomerados asociado a la unificación de los objetos estudiados en grupos relativamente homogéneos basados en el estudio de los valores de los indicadores comparados. La función de distribución normal se utilizó en la modelización para estimar la distribución de valores específicos para la mayoría de las regiones. Se obtuvieron los siguientes resultados y conclusiones: se ha demostrado que la formación de cinco grupos es óptima. Además, se demostró que en 2019 nueve regiones se caracterizaron por un nivel de inversión extremadamente alto debido a las tareas de su desarrollo estratégico para hacer frente a los desafíos federales. También se identificaron las regiones con valores relativamente bajos de inversiones específicas en activos fijos. Todo indica que los valores de inversión específicos tienen una diferenciación significativa en varias regiones de Rusia.
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GRENADEROVA, Mariya. 2019. “Economic efficiency of investments in the context of sustainable development of the regions of Russia” In: State advisor. No. 4, pp. 72-78. Available online. In: https://www.elibrary.ru/item.asp?id=41415359. Consultation date: 10/11/2021.
GRISHINA, Irina. 2020. “Forecasting the receipt of investments in the fixed capital of the regions for the period up to 2024: methods and results of the development of the territorial section of the forecast of the development of Russia” In: Regional economy. South of Russia. Vol. 8, No. 1, pp. 49-62. Available online. In: https://www.elibrary.ru/item. asp?id=42903925. Consultation date: 10/10/2021.
HOFFMAN, Andre; VALDERRAMA, Patricio. 2021. “Long-term economic growth indicators in Latin America - 1820-2016” In: Journal of Economic Reviews. Vol. 35, No. 3, pp. 833-869. Available online. In: https://doi. org/10.1111/joes. Consultation date: 10/09/2021.
IZOTOV, Dmitri. 2019. “Receipt of foreign direct investment in the Russian regions: potential and risk factors” In: Economic and social changes: facts, trends, forecast. Vol. 12, No. 2, pp. 56-72. Available online. In: https://www.elibrary.ru/item.asp?id=38029289. Consultation date: 13/11/2021.
JEHIEL, Philippe. 2018. “Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism” In: American Economic Review. Vol. 108, No. 6, pp. 1582-1597.
KARADZHOVA, Vera; DICHEVSKAYA, Snezhana. 2014. “Investment Activity in Small Open Economies” In: Technologies and Investments. No. 5, pp. 65-78. Available online. In: http://dx.doi.org/10.4236/ti.2014.520081. Consultation date: 12/11/2021.
KIRICHENKO, Irina; SMIRNOV, Alexandr. 2020. “Formation of a system of indicators that have a key impact on the development of investment processes (on the example of Moscow)” In: Drucker journal, Vol. 2, No. 34, pp. 346-367. Available online. In: https://www.elibrary.ru/item. asp?id=42897721. Consultation date: 10/11/2021.
KUMANEEVA, Mariia. 2020. “Structural characteristics of the Kuzbass investment process in the context of strategic management of regional development” In: Bulletin of the Belgorod University of Cooperation, Economics and Law. Vol. 6, No. 85, pp. 134-147. Available online. In: https://www.elibrary.ru/item.asp?id=44244106. Consultation date: 9/11/2021.
LAOPODIS, Nikiforos. 2021. “Understanding investment Theories and strategies” In: Taylor and Francis Routledge Group, New York. Available online. In: 10.4324/9781003027478. Consultation date: 10/11/2021.
LOPEZ, Julio; CARDIM DE CARVALHO, Fernando. 2008. “Resuming growth in Latin America: short and long term policies” In: Brazilian Journal of Political Economy. Vol. 28, No. 3 (111), pp. 392-413. Available online. In: https://doi.org/10.1590/S0101-31572008000300002. Consultation date: 8/11/2021.
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del Zulia. 3ª época. Año 12 No. 33, pp. 34-49. Available online. In: http:// dx.doi.org/10.46925//rdluz.33.04. Consultation date: 8/11/2021.
RIOJA, Felix; RIOS-AVILA, Fernando; VALEV, Neven. 2014. “The Persistent Effect of Banking Crises on Investment and the Role of Financial Markets” In: Journal of Financial Economic Policy. Vol. 6, No.1, pp. 64-77. Available online. In: https://doi.org/10.1108/JFEP-08-2013-0035. Consultation date: 8/11/2021.
SMORODINSKAYA, Nataliya; KATUKOV, Daniel. 2019. “When and why regional clusters become the basic link of the modern economy” In: Baltic region. Available online. In: https://www.elibrary.ru/item. asp?id=39289798. Consultation date: 7/11/2021.
STARKOVA, Olga. 2020. “Investment in fixed capital in the Volga Federal District” In: Economics and management: science-practice journal. Vol. 3, No. 153, pp. 102-106. Available online. In: https://www.elibrary.ru/ item.asp?id=42944873. Consultation date: 7/11/2021.
SUBKHONBERDIEV, Alisher; TITOVA, Elena; KUSTOV, Dmitri; LOBACHEVA, Natalia. 2018. “The territory of advanced development as a tool for attracting investments to the region” In: Journal VSUIT. Vol. 80, No. 4, pp. 403-407. Available online. In: https://www.elibrary.ru/ item.asp?id=37208099. Consultation date: 10/11/2021.
TEMIRBOLATOVA, Svetlana. 2020. “Regional investments and directions of investment policy” In: Business. Education. Right. Vol. 1, No. 50, pp. 235-240. Available online. In: https://www.elibrary.ru/item. asp?id=42424350. Consultation date: 7/11/2021.
ULANOVA, Olga; SOLOGUB, Natalia. 2019. “The role of investments in the development of the agro-industrial complex of Russia and the region” In: Niva Povolgie. Vol. 2, No. 51, pp. 100-108. Available online. In: https://www.elibrary.ru/item.asp?id=39040200. Consultation date: 12/11/2021.
VORGUNOVA, Viktoria; VIKHAREV, Vadim. 2018. “Analysis and forecasting of changes in the structure of investments in fixed capital in Russia” In: Journal of modern research. No. 12.17, pp. 78-85. Available online. In: https://www.elibrary.ru/item.asp?id=36872982. Consultation date: 6/11/2021.
ZABOLOTNI, Galina. 2019. “Tax regulation as an effective method of public administration for solving the problem of insufficient investment in the economy of regions” In: Azimut science research: economics and management. Vol. 8, No. 2, pp. 139-141. Available online. In: https://www.elibrary.ru/item.asp?id=38499878. Consultation date: 10/11/2021.
ZUBOVA, Yulia; KRUGLOV, Sergei. 2020. “New approach to the formation of the rating of investment attractiveness of regions” In: Scientific review. Economic sciences. No. 1, pp. 31-36. Available online. In: https://www. elibrary.ru/item.asp?id=42756796. Consultation date: 7/09/2021.
ALAMA-SABATER, Luisa; CANTAVELLA, Manuel. 2019. “Spatial income and public capital: an example of the Spanish region” In: Applied Economics. Vol. 51, No. 48, pp. 5297-5309. Available online. In: https://doi.org/10.1 080/00036846.2019.1613500. Consultation date: 10/11/2021.
ALVARADO, Rafael; INIGUEZ, Maria; PONCEA, Pablo. 2017. “Foreign direct investment and economic growth in Latin America” In: Economic Analysis and Policy. No. 56, pp. 176-187. Available online. In: https:// doi.org/10.1016/j.eap.2017.09.006. Consultation date: 10/11/2021.
BASHINA, Olga; MATRAEVA, Lilia; ALYABYEVA, Anna. 2018. “Assessment of the impact of foreign direct investment on the socio-economic development of Russian regions: results of a statistical and econometric study” In: Bulletin of the Academy. No. 3, pp. 14-22. Available online. In: https://www.elibrary.ru/item.asp?id=37013683. Consultation date: 15/09/2021.
CHERNENKO, Vladimir; FEDOROV, Konstantin; FEDOROVA, Svetlana. 2020. “Investment activity: problems of growth of the national economy” In: Economic vector. Vol. 1, No. 20, pp. 87-95. Available online. In: https://www.elibrary.ru/item.asp?id=42809749. Consultation date: 15/10/2021.
EDRONOVA, Valentina; MASLAKOVA, Daria. 2019. “Aspects of own financing of investments in fixed capital by regions of Russia” In: Science and business: ways of development. Vol. 2, No. 92, pp. 275-277. Available online. In: https://www.elibrary.ru/item.asp?id=37057082. Consultation date: 15/08/2021.
EKLUND, Johan. 2013. “Theories of Investment: A Theoretical Review with Empirical Applications”. Working paper No. 2013:22, Stockholm, Available online. In: https://entreprenorskapsforum.se/wp-content/ uploads/2013/03/WP_22.pdf. Consultation date: 15/08/2021.
EUROPEAN INVESTMENT BANK. 2018. Investment Report 2018/2019: retooling Europe’s economy. European Investment Bank, Luxembourg. Available online. In: https://www.eib.org/attachments/efs/economic_ investment_report_2018_en.pdf. Consultation date: 20/08/2021.
EUSTAQUIO CASAGRANDE, Elton; VALVANO CEREZETTI, Fernando. 2014. “Investment theory and empirical approach: a discussion on difficulties” In: Latin American Journal of Management for Sustainable Development. Vol. 1, No. 1, pp. 93-103. Available online. In: https://doi. org/10.1504/LAJMSD.2014.059782. Consultation date: 15/08/2021.
FATYANOV, Aleksey. 2019. “Investments as a universal factor of socio-economic development of regions” In: Regional journal. Vol. 5, No.20, pp. 43-44. Available online. In: https://www.elibrary.ru/item.asp?id=37619608. Consultation date: 22/09/2021.
FEDERAL SERVICE OF STATE STATISTIC. 2021a. Available online. In: http:// www.gks.ru/wps/wcm/connect/rosstat/rosstatsite/main/enterprise/ reform/. Consultation date: 22/10/2021.
FEDERAL SERVICE OF STATE STATISTIC. 2021b. The population of the Russian Federation. Available online. In: https://rosstat.gov.ru/ compendium/document/13283. Consultation date: 22/10/2021.
FESER, Edward; SWEENEY, Stuart. 2000. “A Test for the Coincident Economic and Spatial Clustering of business Enterprises” In: Journal of Geographical Systems. Vol. 2, pp. 349-373. Available online. In: https:// doi.org/10.1007/PL00011462. Consultation date: 10/11/2021.
GIRAEV, Vezirhan. 2020. “Investment processes in the Russian Federation and regional financial support imbalances” In: Economy: yesterday, today, tomorrow. Vol. 10, No. 3A, pp. 10-24. Available online. In: https://www. elibrary.ru/item.asp?id=43137103. Consultation date: 10/11/2021.
GLAZYRINA, Irina; FALEYCHIK, Anrei; FALEYCHIK, Larisa. 2018. “Investments and economic development: a comparative analysis for the regions of Russia” In: Journal ZabGU. Vol. 24, No. 8, pp. 101-111. Available online. In: https://www.elibrary.ru/item.asp?id=36486944. Consultation date: 8/11/2021.
GOLUB, V; KOCHUBEY, Elena. 2020. “Analysis of investment development of the Russian Federation” In: MODERN SCIENCE. No. 4-3, pp. 59-63. Available online. In: https://www.elibrary.ru/item.asp?id=42774031. Consultation date: 13/11/2021.
GRENADEROVA, Mariya. 2019. “Economic efficiency of investments in the context of sustainable development of the regions of Russia” In: State advisor. No. 4, pp. 72-78. Available online. In: https://www.elibrary.ru/item.asp?id=41415359. Consultation date: 10/11/2021.
GRISHINA, Irina. 2020. “Forecasting the receipt of investments in the fixed capital of the regions for the period up to 2024: methods and results of the development of the territorial section of the forecast of the development of Russia” In: Regional economy. South of Russia. Vol. 8, No. 1, pp. 49-62. Available online. In: https://www.elibrary.ru/item. asp?id=42903925. Consultation date: 10/10/2021.
HOFFMAN, Andre; VALDERRAMA, Patricio. 2021. “Long-term economic growth indicators in Latin America - 1820-2016” In: Journal of Economic Reviews. Vol. 35, No. 3, pp. 833-869. Available online. In: https://doi. org/10.1111/joes. Consultation date: 10/09/2021.
IZOTOV, Dmitri. 2019. “Receipt of foreign direct investment in the Russian regions: potential and risk factors” In: Economic and social changes: facts, trends, forecast. Vol. 12, No. 2, pp. 56-72. Available online. In: https://www.elibrary.ru/item.asp?id=38029289. Consultation date: 13/11/2021.
JEHIEL, Philippe. 2018. “Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism” In: American Economic Review. Vol. 108, No. 6, pp. 1582-1597.
KARADZHOVA, Vera; DICHEVSKAYA, Snezhana. 2014. “Investment Activity in Small Open Economies” In: Technologies and Investments. No. 5, pp. 65-78. Available online. In: http://dx.doi.org/10.4236/ti.2014.520081. Consultation date: 12/11/2021.
KIRICHENKO, Irina; SMIRNOV, Alexandr. 2020. “Formation of a system of indicators that have a key impact on the development of investment processes (on the example of Moscow)” In: Drucker journal, Vol. 2, No. 34, pp. 346-367. Available online. In: https://www.elibrary.ru/item. asp?id=42897721. Consultation date: 10/11/2021.
KUMANEEVA, Mariia. 2020. “Structural characteristics of the Kuzbass investment process in the context of strategic management of regional development” In: Bulletin of the Belgorod University of Cooperation, Economics and Law. Vol. 6, No. 85, pp. 134-147. Available online. In: https://www.elibrary.ru/item.asp?id=44244106. Consultation date: 9/11/2021.
LAOPODIS, Nikiforos. 2021. “Understanding investment Theories and strategies” In: Taylor and Francis Routledge Group, New York. Available online. In: 10.4324/9781003027478. Consultation date: 10/11/2021.
LOPEZ, Julio; CARDIM DE CARVALHO, Fernando. 2008. “Resuming growth in Latin America: short and long term policies” In: Brazilian Journal of Political Economy. Vol. 28, No. 3 (111), pp. 392-413. Available online. In: https://doi.org/10.1590/S0101-31572008000300002. Consultation date: 8/11/2021.
PINKOVETSKAIA, Iuliia; NURETDINOVA, Yulia; NURETDINOV, Ildar; LIPATOVA, Natalia. 2021. “Mathematical modeling on the base of functions density of normal distribution” In: Revista de la Universidad
del Zulia. 3ª época. Año 12 No. 33, pp. 34-49. Available online. In: http:// dx.doi.org/10.46925//rdluz.33.04. Consultation date: 8/11/2021.
RIOJA, Felix; RIOS-AVILA, Fernando; VALEV, Neven. 2014. “The Persistent Effect of Banking Crises on Investment and the Role of Financial Markets” In: Journal of Financial Economic Policy. Vol. 6, No.1, pp. 64-77. Available online. In: https://doi.org/10.1108/JFEP-08-2013-0035. Consultation date: 8/11/2021.
SMORODINSKAYA, Nataliya; KATUKOV, Daniel. 2019. “When and why regional clusters become the basic link of the modern economy” In: Baltic region. Available online. In: https://www.elibrary.ru/item. asp?id=39289798. Consultation date: 7/11/2021.
STARKOVA, Olga. 2020. “Investment in fixed capital in the Volga Federal District” In: Economics and management: science-practice journal. Vol. 3, No. 153, pp. 102-106. Available online. In: https://www.elibrary.ru/ item.asp?id=42944873. Consultation date: 7/11/2021.
SUBKHONBERDIEV, Alisher; TITOVA, Elena; KUSTOV, Dmitri; LOBACHEVA, Natalia. 2018. “The territory of advanced development as a tool for attracting investments to the region” In: Journal VSUIT. Vol. 80, No. 4, pp. 403-407. Available online. In: https://www.elibrary.ru/ item.asp?id=37208099. Consultation date: 10/11/2021.
TEMIRBOLATOVA, Svetlana. 2020. “Regional investments and directions of investment policy” In: Business. Education. Right. Vol. 1, No. 50, pp. 235-240. Available online. In: https://www.elibrary.ru/item. asp?id=42424350. Consultation date: 7/11/2021.
ULANOVA, Olga; SOLOGUB, Natalia. 2019. “The role of investments in the development of the agro-industrial complex of Russia and the region” In: Niva Povolgie. Vol. 2, No. 51, pp. 100-108. Available online. In: https://www.elibrary.ru/item.asp?id=39040200. Consultation date: 12/11/2021.
VORGUNOVA, Viktoria; VIKHAREV, Vadim. 2018. “Analysis and forecasting of changes in the structure of investments in fixed capital in Russia” In: Journal of modern research. No. 12.17, pp. 78-85. Available online. In: https://www.elibrary.ru/item.asp?id=36872982. Consultation date: 6/11/2021.
ZABOLOTNI, Galina. 2019. “Tax regulation as an effective method of public administration for solving the problem of insufficient investment in the economy of regions” In: Azimut science research: economics and management. Vol. 8, No. 2, pp. 139-141. Available online. In: https://www.elibrary.ru/item.asp?id=38499878. Consultation date: 10/11/2021.
ZUBOVA, Yulia; KRUGLOV, Sergei. 2020. “New approach to the formation of the rating of investment attractiveness of regions” In: Scientific review. Economic sciences. No. 1, pp. 31-36. Available online. In: https://www. elibrary.ru/item.asp?id=42756796. Consultation date: 7/09/2021.
Publicado
2022-02-19
Cómo citar
Pinkovetskaia , I. S., Komissarova, N. G., Lebedev, A. V., & Tsybina, L. V. (2022). Comparative analysis of fixed capital investments in the regions of Russia: Análisis comparativo de las inversiones de capital fijo en las regiones de Rusia. Cuestiones Políticas, 40(72), 297-312. https://doi.org/10.46398/cuestpol.4072.16
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