State Investment Policy and Priorities of Macroeconomic Structure of Regional Economy Transformation

R.V. Shekhovtsov, S.N. Shchemlev
European Research Studies Journal, Volume XX, Issue 3B, 148-162, 2017
EOI: 10.11214/thalassinos.20.05.015

Abstract:

The article is dedicated to the urgent problem of the state investment policy formation directed at transforming macrostructure of the regional economy. The aim of such transformation is to form long-term competitiveness of the regional economy, taking into account global changes in domestic and world economy.The object of research is the regional economy of Rostov Region. The article provides the macroeconomic dynamic and comparative analysis of the regional economy; it defines the place of Rostov Region in the economic potential of Russia and Southern macro region.The aspects of goal-setting formation in the investment development of the region are studied. The given article presents detailed analyses of methodological approaches of the prioritization of state investment policy aimed at transforming the macro-structure of the regional economy, including the use of multipliers, production functions, priorities based on the forecast and strategy of Russia's long-term scientific and technological development and the scientific and technological initiative.As a result of the carried out research, the authors systematized approaches to form priorities of the macrostructure transformation of the regional economy in the process of implementation of the state investment policy and identified main tasks for making decisions in this area.


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