INVESTMENT POLICY EFFICIENCY AND POINTS OF ECONOMIC GROWTH: CASE OF REPUBLIC OF CRIMEA
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Creator Andrey Vershitsky, Elena Vershitskaya, Anton Salabutin
Title INVESTMENT POLICY EFFICIENCY AND POINTS OF ECONOMIC GROWTH: CASE OF REPUBLIC OF CRIMEA
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Publisher TuEngr Group
Publication Year 2563
Journal Title International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies
Journal Vol. 11
Journal No. 12
Page no. 11A12L: 1-12
Keyword Regulation of investment policy, Investment, region, Points of growth, Investment multiplier, Investment climate, Gross Regional Product (GRP).
URL Website http://TuEngr.com/Vol11_12.html
Website title ITJEMAST V11A(12) 2020 @ TuEngr.com
ISSN 2228-9860
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.
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