INSTITUTIONAL ASPECTS OF INVESTMENTS IN THE ECONOMY OF PERM KRAI
The article offers a definition of investment activity of the regional authorities which emphasizes the institutional aspect. In the definition of institutional aspects of investment activity the authors put using various sources of financing investment. They also provide a distinction between the institutional and investment activities. The article presents the results of fixed capital investments structure's analysis in the region by economic activity and source of funds. The analysis identifies positive and negative trends. Over the past ten years there is a steady downward trend in the proportion of investment in fixed assets of agriculture (twice), and the reduction of investment in this sector takes place in absolute terms. The analysis of funding sources shows that the most important factor in the development of the investment policy is improvements in the public and private partnership. As a result of the research the authors found no close relationship between the structure of investments in fixed assets and the growth of gross regional product, whereby they concluded that the quality results are decisive in the investment process. The basis of the improvement of the investment policy must be based on innovation, intellectual capital and professionalization of staff.