Investment development of the Orenburg region in the modern period

Abstract

The relevance of the topic of the article is connected with the need to study issues reflecting the investment development of the Orenburg region, as well as directions for further effective use of investments to achieve socio-economic goals by the region. The purpose of the article is to identify the features of the investment activity of the Orenburg region in 2010–2022, the dynamics and structure of investments, the formation of development institutions, the implementation of major investment projects. Particular attention is paid to the rating assessment of the investment activity of the Orenburg region, the achievements of the region are shown as a result of the growth of its business activity. Contradictions between GRP growth and low per capita income are revealed. According to the authors, this is due to the fact that the agricultural sector occupies a significant share in the region's economy, in which the income level is significantly lower than in other sectors of the economy. In addition, a significant number of jobs in the region have low efficiency, i.e. they are poorly paid. It is also important to emphasize that long-term investments yield returns in the form of income only after a few years. Due to the deterioration of the region's rating in the political, economic and financial-economic blocks, measures are proposed to improve management and budget policy, promote and defend the interests of the region in the federal center, consolidate the regional elite and civil society. The scientific novelty of this study is to identify the features of the investment activity of the region – specific, organizational, structural, institutional, its results and contradictions and to develop directions for their resolution. The main role in this should be played by the improvement of management and the activation of the administrative apparatus of the region, the consolidation of the regional elite and civil society. The main research methods used were analysis, synthesis, induction, deduction, tabular, comparison, generalization, logical and statistical analysis. Systematic and integrated approaches allowed us to identify cause-and-effect relationships between parts of the object under study. The practical significance of the research results lies in the possibility of using its results in the development of a strategy for the investment development of the region. Further research is expected to continue in the direction of a conceptual analysis of budgetary, tax relations with the federal center, the development of a system of measures to resolve the problems of political, managerial and financial and economic development of the region.