The current conditions of the world economy development are characterized by the aggravation of the struggle between countries for technological leadership in the transition to a new technological mode on the basis of Industry 5.0, and the negative impact of barriers in international trade in goods and technologies due to sanctions against Russia, which creates windows of opportunity in the field of ensuring technological sovereignty on its own industrial base. One of the most important factors for the successful implementation of the windows of opportunity for the development of domestic production of high-tech products is the stimulation of the processes of attracting private investments in industrial enterprises of large, medium and small-sized business, including through the formation of an effective system of state support tools. The aim of the article is to improve the processes of attracting industrial investments, specifically in the context of identifying factors that can have a negative impact on the investment activities of Russian enterprises of various size groups by analyzing and adjusting the existing tools of state support for industrial enterprises, including small technology companies, in the constituent entities of the Russian Federation and developing areas for their improvement in order to ensure technological security under the conditions of sanctions. The article studies the features of the investment industrial infrastructure as exemplified by the most industrially developed regions of the Volga and Ural Federal Districts. The insufficient level of investment of small industrial enterprises in comparison to large and medium-sized business has been revealed. It has been found that the sanctions did not affect small and medium-sized business in comparison to large enterprises due to their insufficient role in the production of gross regional product and exports. The efficiency of investment resource utilization in the regions under consideration has been assessed using the data envelopment analysis model oriented on maximization of the result. According to the modeling results, the Republic of Tatarstan and the Sverdlovsk Region have been identified as efficient regions. The experience of the best practice of these regions has been analyzed, and the tools of key federal and regional development institutions has been considered, including those cofinanced by them as part of joint development projects. Promising directions for stimulating investment processes in the Republic of Bashkortostan and other regions of Russia on the basis of improving the efficiency and effectiveness of their investment industrial infrastructure for the timely implementation of the windows of opportunity to achieve technological leadership have been proposed.
Citation: Pavel Ivanov, Tatyana Altufeva. Stimulating the processes of attracting investments in industry of the constituent entities of the Russian Federation[J]. National Accounting Review, 2024, 6(3): 352-366. doi: 10.3934/NAR.2024016
The current conditions of the world economy development are characterized by the aggravation of the struggle between countries for technological leadership in the transition to a new technological mode on the basis of Industry 5.0, and the negative impact of barriers in international trade in goods and technologies due to sanctions against Russia, which creates windows of opportunity in the field of ensuring technological sovereignty on its own industrial base. One of the most important factors for the successful implementation of the windows of opportunity for the development of domestic production of high-tech products is the stimulation of the processes of attracting private investments in industrial enterprises of large, medium and small-sized business, including through the formation of an effective system of state support tools. The aim of the article is to improve the processes of attracting industrial investments, specifically in the context of identifying factors that can have a negative impact on the investment activities of Russian enterprises of various size groups by analyzing and adjusting the existing tools of state support for industrial enterprises, including small technology companies, in the constituent entities of the Russian Federation and developing areas for their improvement in order to ensure technological security under the conditions of sanctions. The article studies the features of the investment industrial infrastructure as exemplified by the most industrially developed regions of the Volga and Ural Federal Districts. The insufficient level of investment of small industrial enterprises in comparison to large and medium-sized business has been revealed. It has been found that the sanctions did not affect small and medium-sized business in comparison to large enterprises due to their insufficient role in the production of gross regional product and exports. The efficiency of investment resource utilization in the regions under consideration has been assessed using the data envelopment analysis model oriented on maximization of the result. According to the modeling results, the Republic of Tatarstan and the Sverdlovsk Region have been identified as efficient regions. The experience of the best practice of these regions has been analyzed, and the tools of key federal and regional development institutions has been considered, including those cofinanced by them as part of joint development projects. Promising directions for stimulating investment processes in the Republic of Bashkortostan and other regions of Russia on the basis of improving the efficiency and effectiveness of their investment industrial infrastructure for the timely implementation of the windows of opportunity to achieve technological leadership have been proposed.
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Pavel Ivanov, Tatyana Altufeva. Stimulating the processes of attracting investments in industry of the constituent entities of the Russian Federation[J]. National Accounting Review, 2024, 6(3): 352-366. doi: 10.3934/NAR.2024016
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