Restructuring of the regional investment and construction complex

Abstract

The relevance of the study is conditioned by the need for structural reforms in the regional investment and construction complex, caused by the transition of the Russian economy to an innovative way of development. The purpose of this study is to improve the mechanism for restructuring of the regional investment and construction complex, and to develop a step-by-step model for its implementation. Based on the analysis of the state of the regional investment and construction complex, factors that adversely impact the efficiency of innovation processes in the regional economy and issues that hamper development of the regional investment and construction complex are revealed. A mechanism for restructuring of the regional investment and construction complex has been developed, which includes five interrelated elements: target functions, links of the mechanism, and normative, strategic and operational subsystems that allow reflecting the transformations implemented in the regional economy as a whole, and in the investment and construction complex of the region in particular. A step-by-step model for the restructuring of the regional investment construction complex is proposed, the practical use of which will improve the performance of the investment and construction complex, the enterprises that make up its structure, as well as the indicators of the region’s economic development as a whole. A system of equations is proposed, with the help of which it is possible to describe changes in interaction with the economy of a particular region in the regional investment and construction complex and the enterprises that make it up. In the work, methods of systemic analysis and tools of mathematical statistics and economic and mathematical modeling have been used.