Artikel

Management of the Russian interregional investment distribution using the autonomous expenditure multiplier model

An effective and competitive investment policy requires improvements to the existing tools. The ongoing COVID-19 crisis requires understanding as to how the recovery processes should be implemented. This study aims to develop a model for determining the autonomous expenditure multiplier (AEM) values, considering the investment accelerator action. The scientific novelty consists of proving that the AEM is not only an effects enhancer of the government and private investment, but also a tool to specify on the regional industrial map of Russia where investment projects will allow significant economic growth. The work's practical significance consists of determining the possibility of applying the AEM as a tool to improve investment efficiency. The key research method was paired linear regression analysis. Based on the developed model, the AEM values for the economies of the five Central Federal District regions are calculated. Additionally, authors provide an explanation on how AEM values correlate to regional economic specialization. For example, atypically low AEM values for Moscow can be explained by high daily workforce movement among Moscow and the Moscow region. The information support difficulties of the proposed model are defined, and the directions to overcome them are proposed. Empirical results show significant differences in the AEM values of the researched regions, and that the AEM as a management tool for interregional investment distribution will help to invest the limited resources of both the state and private businesses more effectively. Additionally, authors establish that the achieved results fall in line with real macroeconomic situations within the regions, which proves that the proposed model reflects real world processes. Primary beneficiaries and end users of the study are government agencies, state-owned corporations, and members of broader scientific community.

Sprache
Englisch

Erschienen in
Journal: Economies ; ISSN: 2227-7099 ; Volume: 10 ; Year: 2022 ; Issue: 2 ; Pages: 1-18 ; Basel: MDPI

Klassifikation
Wirtschaft
Thema
accelerator
autonomous expenditure
investment
multiplier
regions
Russia

Ereignis
Geistige Schöpfung
(wer)
Silvestrov, Sergey Nikolaevich
Pobyvaev, Sergey Alekseevich
Reshetnikov, Stanislav Borisovich
Firsov, Dmitrii Vladimirovich
Ereignis
Veröffentlichung
(wer)
MDPI
(wo)
Basel
(wann)
2022

DOI
doi:10.3390/economies10020045
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Silvestrov, Sergey Nikolaevich
  • Pobyvaev, Sergey Alekseevich
  • Reshetnikov, Stanislav Borisovich
  • Firsov, Dmitrii Vladimirovich
  • MDPI

Entstanden

  • 2022

Ähnliche Objekte (12)