The impact of investments on regional economic growth

In the conditions of the crisis state of the Russian economy in recent years, the issues of ensuring the economic development of the country and its regions are becoming increasingly important. At the same time, investments are an important element in ensuring the sustainable development of regions. At the same time, the level of investment activity in a particular territory largely depends on its investment attractiveness and the availability of appropriate potential, which makes investment effective. The study assesses the role and impact of investments in fixed capital on the economic efficiency of the CFD regions based on an analysis of the dynamics of the average per capita level of investment in fixed assets and GRP in the period 2016-2020. It has been established that in the context of the regions of the Central Federal District there is a significant differentiation in the average per capita values of the studied indicators, which is due to their specialization, the state of the economy and investment attractiveness. In addition, the growth rates of indicators are also different: the most dynamic increase in the average per capita volume of investment is swollen in Moscow and the Ivanovo region, and GRP - in the Kursk and Kaluga regions. At the same time, there is a close correlation between the average per capita volume of investments in fixed capital and GRP in the regions of the Central Federal District, which tends to increase by the reporting period. This allows us to say that investment is one of the factors ensuring the economic growth of the regions of the Central Federal District.