Analysis and Evaluation of Trends in Regional Investment Policy
<b>Importance</b> The article defines the industry-specific trends in investment in the regional economy of subjects of the Russian Federation. <br></br> <b>Objectives</b> The aim is to develop new complex and accurate tools to assess the opportunities for the sectoral and regional economic structure. <br></br> <b>Methods</b> The proposed methodology and its tools rest on the correlation method applied to driving factors that to a greater or lesser extent influence the Gross Regional Product, with identification of the most important factors. <br></br> <b>Results</b> We offer a method enabling to obtain reasonably accurate estimates of investment policy efficiency in main sectors of economic activity. This approach helps identify areas of regional investment policy, taking into account the volatile economy and possible structural changes caused by both internal and external factors. The method makes it possible to define the most appropriate areas of investment targeted at socio-economic development of regions and to smooth the spatial polarization, which nowadays tends to grow. <br></br> <b>Conclusions </b>The developed methodological approach helps assess the feasibility of the correlation analysis of focal points of the State investment policy for further socio-economic development of all subjects of the Russian Federation.