Sustainability of a regional investment strategy: factors of a digital economy
In modern conditions, investment activity is of particular importance in economic development. The nature and structure of investments in fixed assets affect the implementation of a sustainable investment strategy in a region. Therefore, the aim of this study is to assess the factor impact of the digital economy on the dynamics of attracting investment in fixed assets. The empirical base of this study is compiled from statistical data (a case study of Russian regions for 2015-2017). Based on the correlation analysis, the factors have been differentiated according to the degree of their influence on the processes of investment activity. The results obtained confirm the main hypothesis, according to which: the regions developing the factors of the digital economy have higher dynamics and volumes of attracting investments in fixed assets. It has been established that factors such as the specific number of personal computers in organizations and the level of use of electronic document exchange have a stable relationship with the dynamics of attracting investments. The factor of using local computer networks does not have a significant impact on the processes of investment activity in a region. The practical significance of this study is to clarify the strategic priorities for the development of digital infrastructure, including activation of the investment activity in Russia’s regions. Further research prospects are associated with a more detailed analysis of digitalization trends, an assessment of their impact on the efficiency of investments in fixed assets in a region’s economy, and an optimization of the management system for these processes.
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