Regional aspects of investment processes: an empirical analysis of the distribution of capital resources in the Far Eastern federal district
Автор: Isaev Artem G.
Журнал: Economic and Social Changes: Facts, Trends, Forecast @volnc-esc-en
Рубрика: Modeling and forecast of socio-economic processes
Статья в выпуске: 4 (58) т.11, 2018 года.
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The paper estimates the dynamic investment function on the basis of the flexible accelerator model according to the data for 2000-2016 for the Far Eastern Federal District and its constituent entities. In general, the dynamics of investment in the Far Eastern Federal District are significantly influenced by the change in expected demand with an average investment accelerator value of 1.78. Having assessed the partial adjustment parameter, we see that on average per year, investments cover 40% of the difference between the actual and desired capital stock in the Far East, and the parameter increases over time. This indicates that the gap between the desired and actual capital stock in the economy of the Far Eastern Federal District increased during the study period due to the growth in demand. This gap is larger for the resource-based regions like the Republic of Sakha (Yakutia) and the Sakhalin Oblast; it is due to a higher level of expected output driven by high external demand...
Regional growth, investments in fixed capital, flexible accelerator model, far east
Короткий адрес: https://sciup.org/147224083
IDR: 147224083 | DOI: 10.15838/esc.2018.4.58.4
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