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The Influence of the Russian Economic Crisis on the Regional Peculiarities of Investment Activity

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Regional Economic Development in Russia

Abstract

This work analyses the influence of the current economic crisis on the transformation of investment flows in the economy of Russia, its regions and its causes. The volumes of investment in the capital stock as a whole in 2013–2016 are reduced by 12.2%. In the investment structure, there were changes in the forms of ownership, sources, directions and types. A decrease was in the state property share along with an increase in the private one. This led to an increase in the share of own funds and investments in mining industries and real estate. The tendency to increase the share of investment in buildings and structures while reducing it in machinery and equipment was revealed. The volumes of foreign direct investments (FDI) also decreased over this period. The geography of FDI inflows had more pronounced offshore nature. The estimation of the regional groups’ ratio with different investment volumes in the capital stock in 2013 and 2016 was indicative of the increasing concentration of investments in the economy of the most constituent entities of the Russian Federation. The analysis of regional features of the FDI inflow, outflow and balance dynamics also exacerbated their polarization. The comparison of the regional priorities of national and foreign investors identified the regions of the country with different levels of total investment activity.

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Acknowledgements

This work has been prepared with the support of the “RUDN University Programme 5-100”.

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Correspondence to Marina N. Mironova .

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Mironova, M.N., Mizerovskaya, U.V., Shubtsova, L.V. (2020). The Influence of the Russian Economic Crisis on the Regional Peculiarities of Investment Activity. In: Gabdrakhmanov, N., Safiullin, L. (eds) Regional Economic Development in Russia. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-39859-0_5

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