DEVELOPMENT OF THE INVESTMENT ENVIRONMENT MONITORING METHODOLOGY IN THE REGION

Keywords: region, regional policy, investment, investment environment, investment climate, analysis method, monitoring

Abstract

The article focuses on the problems of the regional policy of development of investment activity in the region through the formation of a favorable investment environment. It is argued that its formation and implementation is based on the results of appropriate monitoring. Therefore, the purpose of the study is to develop a methodology for monitoring the investment environment in the region. The definition of the concept of "investment environment monitoring" of the region is given. The following components - characteristics of the investment environment, such as (1) production-resource, (2) institutional-legal, (3) security, (4) infrastructural and (5) macroeconomic, are defined. Procedural stages of monitoring the investment environment of the region have been identified, including the institutionalization of monitoring practices, the identification of persons responsible for monitoring, the establishment of a system of indicators, the formation of a database of experts, the development of clear regulations for conducting a survey and evaluating the characteristics of the investment environment, etc. A methodology scheme for the region's investment environment has been developed. It was established that directly in the investment sphere, monitoring the investment environment serves as an important integral component of analyzing the quality and success of state policy in this sphere, because it allows forming a full-fledged information and analytical basis for making authoritative management decisions, improving the system of expert observation in the investment sector, monitoring investment climate, including timely identification of changes in investment security parameters. It has been proven that the main task of monitoring concerns the support of the adoption of effective management decisions, which are based on a perfect information and analytical basis - a system of qualitative and quantitative characteristics of the state of the investment environment and their dynamics. Therefore, both the existing parameters of the investment environment and their dynamics are important.

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Published
2024-07-31
How to Cite
Boiko, R. (2024). DEVELOPMENT OF THE INVESTMENT ENVIRONMENT MONITORING METHODOLOGY IN THE REGION. Entrepreneurship and Innovation, (32), 32-38. https://doi.org/10.32782/2415-3583/32.5