Investments: the Regional Aspects

Publication date
Friday, 29.11.2002

Authors
S. Drobyshevski S. Dneprovskaya O. Izryadnova D. Levchenko L. Lederman G. Malginov M. Turuntseva P. Hobson

Series
CEPRA

Annotation
The Russian economy is experiencing a period of profound structural transformations related to the formation of a principally new economic model. Undoubtedly, the successful continuation of reforms is linked with profound qualitative changes in the sectoral and technological structures of production initiating adequate transformations in the investment and labor potential of the Russian society. The analysis of the dynamics of general economic indicators in Russia and individual regions over the last decade was the starting point of this study.

Contents

Introduction 5
Chapter 1. Investment Processes in the Russian Economy and Regions in 1992-2001 9
1.1 Current Situation of the Investment Sphere 9
1.2. Specifics of the Reproduction of Fixed Assets in the Russia's Economy over the Reform Period 49
Chapter 2. Econometric Analysis of Investments in the Russian Regions 68
2.1. Registering Fixed Assets and Investment in Fixed Capital: A Methodology 68
2.2. Data 78
2.3. Methodology of econometric analysis 83
2.4. Basic assumptions 85
2.5. Results of evaluation 88
Chapter 3. Some institutional factors and constraints of investment operations of companies on the regional level 154
3.1. Methodological approaches 154
3.2. Impact of single factors of investment processes 157
3.3. Foreign Investment 171
Chapter 4. Regional Policy and Climate for Regional Investment in Canada 174
4.1. Introduction 174
4.1.1. The Evolution 174
4.1.2. An Evaluation: Forty Years of Regional Development Policy 181
4.1.3 The Innovation Strategy: A New Direction 183
4.1.4. Some Lessons Learned 188
4.2. Canadian Regional Development Experience 190
4.2.1. Canadian Overview Elements 190
4.2.2. Investment Overview Elements 190
4.2.3. Canada's General Economic Development in B.2.1. Canadian Overview Elements 190
4.2.2. Investment Overview Elements 190
4.2.3. Canada's General Economic Development in Brief 192
4.2.4. Framework Matters 196
4.2.5. Private Sector Initiatives & Intermediation 197
4.2.6. Incentives/Disincentives in the Tax System 199
4.2.7. Government Programs and Structures 200
4.2.8. Some Initiatives 202
4.2.9. Some Technical Aspects & Approaches 203
4.2.10. Government as Investor, Supplier, Subsidizer 204
4.2.11. Government Provided Infrastructure 205
4.2.12. Regional and Sectoral Approaches 205
4.2.13. Foreign Investment in Canada 209
4.2.14. Domestic Canadian Investment 211
4.2.15. Financing & Trade Facilitation 211
4.2.16. Government Banking Support 212
4.2.17. North American Free Trade Agreement ("NAFTA") 212
4.2.18. Human Capital & The Knowledge Economy 213
4.3 Regional Investment - Prince Edward Island 215
4.3.1. Context 215
4.3.2. Federal Government's ACOA (Atlantic Canada Opportunities Agency) Framework: 217
4.3.3. Federal Government Financing Programs: 222
4.3.4. PEI Provincial Framework 226
Conclusions 229
Bibliography 232

Notes

Investments: the Regional Aspects Moscow. - 2002
Authors: Drobyshevski S., Dneprovskaya S., Izryadnova O., Levchenko D., Lederman L., Malginov G., Turuntseva M., Hobson P.
Editor: N. Glavatskaya
Page setting V. Yudichev
ISBN  5-93255-080-5
The research and the publication were undertaken in the framework of CEPRA (Consortium for Economic Policy, Research and Advice) project funded by the Canadian Agency for International Development (CIDA)



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