Irkutsk, Russian Federation
Irkutsk, Russian Federation
This article takes a look at modeling of features of investment cycles in the regions of the Russian Federation based on statistic data for 1999–2015. As characteristics of investment process the investment density per sq. miles of territory and the intensity of its growth are used. Curves and functions of these cycles are limited with envelope curves and functions that display geographical environment in the region. Refined equations of investment cycles provide a sufficient description of the patterns of change in the intensity of investment growth from inception to crisis. Based on the equations, sustainable regional indicators and enveloped trends are highlighted. It characterizes the regional economy with such relative temporal indices as conditional economic age and the age of development of the territory. These indices are associated with the level of the resource consumption specialization of the region and with the development potential of its economy. According to the result of the calculation, this investment cycle in Russia was caused by the 1998 economic crisis, which radically transformed the financial and economic system of the country. The resultant innovative investment cycle was released against the backdrop of high world prices for oil, the world financial and economic crisis and sank, leading to fracture of positive trends, the gradual slowdown investments and indicates the possibility of new economic crisis in Russia in the coming years.
regional analysis, investment cycles, mathematical modeling, envelopes, geographical environment of economic activity, economic crisis
