Features of territorial investments concentration in the fixed capital in an industrial region (the case of Sverdlovsk region in Russia)

Abstract

The misbalance between the efforts of state and local authorities to win the financial backing of small and medium-sized enterprises and the lack of the significant change in indicators of the pattern and total volume of investments in the fixed capital is a highly topical issue nowadays. The purpose of the study is to identify the territorial features of the investments concentration in the fixed capital in an industrial region. The study is based on the following methodological approaches. Firstly, the main industry specifics of small and medium-sized enterprises, their contribution to the total volume of capital investments were identified. Secondly, the total volume of investments of large-scale and medium-sized enterprises in fixed capital for each municipality was estimated on the example of an industrial region – Sverdlovsk Oblast in the Russian Federation. The period from 2010 to 2020 is analysed. The rating of territories was compiled depending on the total volume of the attracted investments. Moreover, the obtained data on the investments by territories were compared with the geography of the industrial agglomerations of the region. Methods of statistical comparative analysis and territorial analysis were used. The study has proved that the determining factor affecting the volume and territorial distribution of investments in fixed capital in the industrial region is the concentration of economic activity of large-scale enterprises in agglomerations. A direct dependence of the volume of investments on the number of enterprises in small business has been established.