Model of using state approaches in the investment sphere of the region in order to increase the efficiency of socio-economic development of the country on the example of the Republic of Tatarstan
Abstract
The article examines the dependence of the gross regional product (GRP) on investment in fixed assets, as the main tool of socio-economic development of the subject of the Russian Federation on the example of the Republic of Tatarstan. Based on the analysis of the interdependence of GRP and investment in fixed assets (IOC) by region, it is concluded that investment in fixed assets leads to an increase in the gross regional product. With the inverse relationship, an increase in the volume of goods and services, i.e. GRP, slightly increases investment in fixed assets on average in the country. The dynamics of GRP and IOC in the Republic of Tatarstan is presented. The gross regional product of the Republic of Tatarstan is constantly growing (5–15 % per year) and does not directly reflect fluctuations in investment in fixed assets, regardless of sources, due to the stable ratio of investments from different sources. It is noted that in order to maintain stable socio-economic growth of the country, the subject of the Russian Federation needs to spend 2 times more investment from its own budget in relation to the federal budget, as well as create an investment climate that allows enterprises to invest in fixed capital 2 times more own funds in relation to the attracted region.
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Review
For citations:
Minullina T.I. Model of using state approaches in the investment sphere of the region in order to increase the efficiency of socio-economic development of the country on the example of the Republic of Tatarstan. Kazan economic vestnik. 2021;(2):50-55. (In Russ.)
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