Proceedings of the International Conference Communicative Strategies of Information Society (CSIS 2018)

Effective Administrative Decisions in the Investment Industrial Sphere of the Region (Case of Republic of Bashkortostan, Russia)

Authors
Fanil Fayzullin, Evgeniy Dzyuba, Azat Yangirov, Roman Gubarev, Viner Akhmetshin
Corresponding Author
Evgeniy Dzyuba
Available Online February 2019.
DOI
https://doi.org/10.2991/csis-18.2019.1How to use a DOI?
Keywords
hybrid economic and mathematical model; Cobb-Douglas production function; labor; capital; dynamic programming
Abstract
The objective of the research is to develop the hybrid economic and mathematical model allowing the state executive authorities to make effective administrative decisions in the investment industrial sphere of the region. The model is based on the application of two known methods: Cobb-Douglas production function and dynamic programming. At first the production capabilities of industrial complex branches in the region of the state are estimated. The constructibility of one general production function for several branches of an industrial complex of territorial entity of Russia is empirically estimated (based on the calculation and the analysis of indicator values of resourse productivity). Then, the problem of optimum distribution of state investor's limited financial resources between the branches of industrial complex of the region is solved. The hybrid model has been tested based on the data of regional statistics for 2006-2016 evidence from the Republic of Bashkortostan, Russia. The approach, presented in the research, is universal, i.e. it can be applied for updating provisions of the state investment and industrial policy not only in any federal subject of Russia, but regions of any country in the world having federal framework.
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Proceedings
International Conference Communicative Strategies of Information Society (CSIS 2018)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
February 2019
ISBN
978-94-6252-676-1
ISSN
2352-5398
DOI
https://doi.org/10.2991/csis-18.2019.1How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Fanil Fayzullin
AU  - Evgeniy Dzyuba
AU  - Azat Yangirov
AU  - Roman Gubarev
AU  - Viner Akhmetshin
PY  - 2019/02
DA  - 2019/02
TI  - Effective Administrative Decisions in the Investment Industrial Sphere of the Region (Case of Republic of Bashkortostan, Russia)
BT  - International Conference Communicative Strategies of Information Society (CSIS 2018)
PB  - Atlantis Press
SP  - 1
EP  - 7
SN  - 2352-5398
UR  - https://doi.org/10.2991/csis-18.2019.1
DO  - https://doi.org/10.2991/csis-18.2019.1
ID  - Fayzullin2019/02
ER  -