Mechanisms and Directions for Investment Process Enhancement in the Region for Foreign Investors

DOI

10.2991/iscfec-18.2019.189How to use a DOI?

Keywords

Primorsky region, mechanisms, investment rankings, investment attractiveness, foreign investment, institutional instruments.

Abstract

The relevance of the issue chosen for the study is directly related to the need of searching for the factors of revival and recovery of both the Russian economy as a whole and its individual subjects. First of all, the Russian economic science faces the tasks of theoretical substantiation and practical solution of the problem of lagging behind in investment and innovative development. The article found that domestic producers could not quickly adapt to a significant increase in the cost of imports of intermediate and investment goods. In connection with this foreign investment in Primorsky region should be seen as drivers of economic growth. Some theoretical aspects of the theory of capital flows are presented. In particular, there was noted a positive correlation between the inflow of foreign investment and the efficiency of domestic producers, that was introduced in the works of the majority of authors. The low position of Russia and Primorsky region in various investment ratings is noted. Despite this, the study showed that Primorsky region has created basic conditions for the formation of a favorable investment climate, economic and investment stability. It was identified that the main mechanisms for increasing the investment attractiveness of Primorsky region are the formation of the institutional environment, the formation of a new regulatory framework, the promotion of the region in the world arena, the introduction of special tax, customs, and administrative regimes. The main motives for the inflow of foreign investments into the territory of the Primorsky region are established, the directions of correction of the current investment trend are proposed, the consequences of the movement of international capital are noted.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - O. V. Korneiko
AU  - A. E. Mazur
PY  - 2019/01
DA  - 2019/01
TI  - Mechanisms and Directions for Investment Process Enhancement in the Region for Foreign Investors
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 838
EP  - 841
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.189
DO  - 10.2991/iscfec-18.2019.189
ID  - Korneiko2019/01
ER  -