FEATURE PEER-REVIEWED ARTICLE

• INVESTMENT POLICY EFFICIENCY AND POINTS OF ECONOMIC GROWTH: CASE OF REPUBLIC OF CRIMEA

  Andrey Vershitsky (Department of State and Municipal Management, V.I. Vernadsky Crimean Federal University, RUSSIA),
  Elena Vershitskaya (Department of Management, V.I. Vernadsky Crimean Federal University, RUSSIA),
  Anton Salabutin (Department of State and Municipal Management, V.I. Vernadsky Crimean Federal University, RUSSIA).
  

  Disciplinary: Management and Economic Sciences; Investment Policy.

  ➤ FullText

  DOI: 10.14456/ITJEMAST.2020.237

  Keywords: Regulation of investment policy; State investment; Economic growth; Investment multiplier; Investment climate; Gross Regional Product (GRP).

  Abstract
  The article is devoted to investment policy on a regional level in the Russian Federation, the multiplicative effect of investment into different economic activity types. The authors built econometric models for each industry, which allow determining the impact of investment volumes in this industry on GRP and tax revenues of the Republic of Crimea. Investments are made in (1) transport and communications, (2) education, (3) industry; however, the greatest multiplicative effect is demonstrated by (1) construction industry, (2) hotels & restaurants, and (3) education. The main results can be used by state and regional authority in the development and implementation of effective investment policies.
  
  

  Paper ID: 11A12L

  Cite this article:

  Vershitsky, A., Vershitskaya, E., Salabutin, A. (2020). INVESTMENT POLICY EFFICIENCY AND POINTS OF ECONOMIC GROWTH: CASE OF REPUBLIC OF CRIMEA. International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies, 11(12), 11A12L, 1-12.