investment climate

Structure of Financing of Innovative Activity of the Enterprises of the Food-processing Industry in the Volgograd Region

In article the structure of financing of the enterprises of the foodprocessing industry in the Volgograd region is discussed. According to the author of article, existence of the uniform mechanism of financing of innovative activity of the enterprises of the food-processing industry creates advantages of their sustainable development on the basis of maintenance of efficiency of functioning of the mechanism of management with financing of innovative activity and consists in consecutive working out of philosophy, ideology, and also tactics and strategy of financing of innovative activity of the enterprise.

Rating Appraisal of Investment Attractiveness of the Region (on the Materials of the Ulyanovsk Region)

Investment attractiveness is a system or a combination of various objective features, facilities, causing the potential payments in the aggregate demand for investment in the region forms of two components: investment potential and investment risk. The article is devoted to the evaluation of the investment attractiveness of region (for example Ulyanovsk area). The main vector of this evaluation was the analysis of region’s position in the rating of investment attractiveness. Analysis. Authors on the basis of research by the rating agency «Expert RA» by subjects of the Russian Federation analyzed the regions position of the Volga Federal District in the investment potential and investment risk since 2005 to 2011, identified the regions as leaders and outsiders, focusing on the variation of factors of potential and risk «regions-competitors» of Ulyanovsk region. The study of regions positions of the Volga Federal District according to Rosstat ranking of the capital investments per capita allowed us to subdivide regions into four groups depending on changes in existing positions after the crisis of 2008–2009. Besides the article briefly describes two other rankings: Forbes rating of the best regions for Business which included six regions of the Volga Federal District and the «RIA-Analysis» ranking of regions by dynamic of investment in human capital. In paper made a detailed analysis of the dynamics of the factors of the investment potential and risk of the Ulyanovsk region. Conclusions. Without changes in the structure and quality of investment in the Ulyanovsk region in the direction of creating high-tech jobs and improve the quality of the energetic use of labor, its competencies, skills, knowledge, ability to hold conquered positions will be lost in the medium term.

The Investment Climate in Russia and Its Impact on the Investment Activities of Companies of the Fuel and Energy Industry

 More than 10 years the Government of the Russian Federation has addressed the issue of improving the investment climate. Inspite of it, the investment climate in the country remains poor, and the rating of investment attractiveness of the Russian Federation has a negative trend. Theoretical analysis. Investment activity of energy companies is associated with many problems associated with both the organization and planning of the process within the organization and the interaction with all external involved actors, including the issues of required attracting external funding. Results. Measures to encourage foreign direct investment do not have a practical nature and do not solve the basic problems: corruption, poor infrastructure, lack of tax benefits, and political risks. Against this background, taking into account the increased political risk in oil and gas projects with the participation of foreign capital is negligible. Rating of investment attractiveness of the Russian Federation has a negative trend. Conclusions. At the moment, the measures taken by the Russian government to improve the investment climate do not lead to the desired results. This trend is related to the lack of actual change in support of investment processes, as well as the lack of an integrated program to stimulate foreign direct investment. As the professional environment responds only the specific facts supporting the changes, foreign direct investment has not changed. Under such conditions the public investment are particularly important. The effectiveness of public investment becomes the determining factor in the development of the economy in the current decade.

The state role in the investments development in Russia’s digital economy

Introduction. The current stage of development is characterized by widespread digitalization of almost all economy spheres. One of the key areas for the developing digital economy in the Russian Federation is investments and investment relations. The state supports and develops the investments in data-driven formation of the digital economy. The article examines some of the subjects of the country’s influence on the mechanisms for expanding the innovation investment sphere, regarding local development specifics. Theoretical analysis. There are two categories for considering government influence on investments in the digital economy – the investment climate and the country’s investment policy. The key part of the research process is a set of economic, sociological and statistical methods, as well as applied scientific analysis in digitalization field of public institutions, institutional investment and investment relations as part of the economic system. Empirical analysis. Analyzed topical aspects of state role on the investments development in a rapidly changing environment, divided them into six fundamental categories. The process is presented in the forms of activating the legislative process and the testing of regulatory “sandboxes”. The article describes the caution of the Russian Federation in choosing a supported investment industry, its type and accompanying regulatory legal acts. Results. The research shows the development aspects description chosen by the state to support investment in digital economy conditions and a fact analysis of the state methods of influence on investment relations in the context of global and country economy digitalization.

The Role of Public Authorities in the Organization of Innovative Activity in the Saratov Region

Introduction. The tactical objective of the authorities in the field of innovation is the formation of a favorable environment, as «umbrella» over innovation. Theoretical analysis. The article analyzes the activities of executive authorities in the Saratov region, responsible for taking initiatives in innovation, and algorithmic activities of the government of the Saratov region on the creation of favourable innovation climate and innovation infrastructure. Empirical analysis. The mechanisms of influence of the Ministry of industry and energy of the Saratov region, the Ministry of economic development and investment policy, regional Venture Fund and Business incubator for innovative activity in the region analyzed. Discussion of the results. There is support of key state agencies aimed at stimulating innovation activity, commercialization of new inventions, their introduction into production in the Saratov region. Powerful university complex with regional bodies has a direct impact on the development of innovative activities in the region. However, weak industry, the lack of competitive enterprises in a modern technological basis, the bankruptcy of many industrial enterprises, the burden of excessive taxes, high tariffs, lack of investment programs reinforce is negative trends. It requires the review of all innovation, investment and industrial policy in the Saratov region, its adjustment towards the creation of favorable conditions for development of innovative activity.

The «Triple Helix» in the Innovation System Saratov Region – Interaction and Disadvantages of Functioning

Introduction. The article deals with the content of theories of «Triple Helix», developed by Western scholars at the beginning of the XXI century, the essence of which is the need for innovative interaction of three driving forces of the modern economy – the university community, industry and the public authorities, and analyzes the practical aspects of this interaction in the Saratov region, shows the advantages and disadvantages of the relationship between data elements. Theoretical analysis. Consideration of the interaction between the elements of the «Triple Helix» involves the use of methods of scientific research. These methods include systemic, complex, statistical methods, analysis and synthesis of the object, the use of special methods of research (interview data). Empirical analysis. In an innovative collaboration at the regional level, considering the possibility of capitalization available cash of material and financial resources of the region and it is shown that in the Saratov region to implement such a capitalization problematic due to the high credit debt in the region. Results. In conclusion, it is concluded that much of the functioning of the «Triple Helix» depends on the activities of the regional public authorities, which must implement appropriate economic policies to increase the capitalization of the available material and educational resources in the Saratov region, to prevent the «brain drain» from the region, to create favorable conditions for the implementation of innovations most gifted students, the scientific community and innovative businesses