| | PROBLEMS OF MODERN ECONOMICS, N 1 (45), 2013 | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | Belov A. V. Professor, Fukui Prefecture University (Japan), PhD (Economics), Professor
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| The article describes the correlation between the growth of the Gross Regional Product in the Russian regions in 1997-2009 and the indices of budget investments. The author shows that regional investments are more conductive to the economic growth compared to federal investments. Consequently, transference of the larger proportion of investment resources to the regional level, as well as the focus of investment politics upon the specificities of the groups of regions distinguished on the basis of cluster analysis, should constitute the priorities of investment policy | Key words: Russian economy, regional economy, budget investment, stimulation of economic growth | Pages: 89 - 92 |
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