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THE MODEL FOR EVALUATING INVESTMENT ATTRACTIVENESS OF A REGION BASED ON THE FUZZY MULTIPLE DESCRIPTIONS

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PDF: Author(s): Nasrutdinov M. N.,
Number of journal: 3(52) Date: August 2020
Annotation:

The territory of Russia is significantly differentiated from the resource, climate, infrastructure, cultural and demographic points of view. Many regions of Russia are infrastructure-isolated, but, at the same time, rich in natural resources. Therefore, for a comprehensive assessment of the investment attractiveness of the region, it is important to proceed from an assessment of its four faces: the economic environment, which characterizes the direct impact on key business processes and investor activities within the region; innovation environment — as part of the business environment; social environment and ecological environment, implying a developed infrastructure of the region. The article presents various approaches to assessment of the investment attractiveness of the region. The author built a model for evaluating the investment attractiveness of the region based on a fuzzy multiple approach. The resulting indicator of the model is an integral linguistic variable “The level of investment attractiveness of the region” (I), which allows taking into account the basic aspects of investment attractiveness of the region, such as economic, innovative, social and environmental conditions. The author predicts elements of a fuzzy multiple model using regARIMA tools. As a result, predictive systems of econometric equations are obtained, which are disaggregated into subsystems, in accordance with each of the described environments. The efficiency of the generated models for the purpose of predicting the values of the identified factors is proved. A vector interpretation of the investment attractiveness of the region is presented, determined by interaction of two indicators — the level of investment attractiveness of the region and the vector of its development. The results of such assessment can be useful not only for public authorities to monitor the effectiveness of investment policies, but also for private investors.

Keywords:

investment attractiveness of the region, investment attractiveness assessment model, fuzzy multiple approach, economic environment, innovation environment, social environment, environmental environment, regARIMA, parameter forecasting, integral indicator, vector of investment attractiveness development.

For citation:

Nasrutdinov M. N. The model for evaluating investment attractiveness of a region based on the fuzzy multiple descriptions. Business. Education. Law, 2020, no. 3, pp. 204–211. DOI: 10.25683/VOLBI.2020.52.339.