Investments as a Key Factor of Social and Economic Development of Regions of Various Type

Abstract:

The article considers investments as a factor determining the dynamism of social and economic development of the regions of the Central Federal District. The study evaluated the dynamics of investment per capita for each region of the Central Federal District, as a result of which it was revealed that only the Voronezh, Kursk, Lipetsk and Tula regions, as well as Moscow, are consistently and dynamically progressive regions. A grouping of the regions of the Central Federal District was made in the article according to the size of investments per capita, which revealed that the progressive group includes Voronezh, Lipetsk, Tambov and Belgorod regions together with Moscow, which is the clear leader. The use of the grouping method in combination with the analysis of dynamics clearly reflects the high instability in the level of investment provision in a number of regions, which is a deterrent to long-term development of the innovation-investment model. It is revealed that investment as a factor is very closely related to the most important economic indicators (GRP and the volume of market trade per capita), and is also closely related to the level of mortality and life duration that characterize the quality of life of the population according to the correlation analysis. A conclusion is made on the basis of the analysis about the priority of improving the investment climate and stimulating investment not only in the economic sectors, but also in the social sphere, the improvement of which contributes to the development of human potential.

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