Proceedings of the International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017

Influence of investment climate of Russian Federation constituent entity on regional statistic indicator

Authors
Ivan V. Palatkin, Khalidia Z. Ksenofontova, Kirill U. Chekh
Corresponding Author
Ivan V. Palatkin
Available Online June 2017.
DOI
https://doi.org/10.2991/ttiess-17.2017.82How to use a DOI?
Keywords
the National Index; National business initiative correlation of socio-economic development; performance evaluation
Abstract
The article determines the practical utility of applying Pearson correlation coefficient to the series of indicators of the National investment climate index and statistic indicators of the social and economic development of the constituent entities of the Russian Federation. The article is dedicated to the problem of estimating the relation between the region position in the investment potential index and the indicator of the social and economic development. It helps to reveal the possibilities and constraints of applying different approaches to estimate local authorities' efforts. The data sources were the indicators of the National investment climate index and statistic indicators of the social and economic development. The indicators were tested for correlation with the help of Pearson correlation coefficient. The achieved results demonstrate a very weak or weak correlation between a region position in the National Index and its level of social and economic development according to the statistic. The study revealed the causes which make the veracity of the achieved results reduce. Having eliminated them, one can raise not only the accuracy, but also solve the problem of correlation between ratings and statistic data. The results of the given analysis demonstrated that the National Index methodology does not allow evaluating local authorities' efforts objectively. In other words, the measures of the National business initiative to improve the region investment climate are not reflected in high indicators of social and economic development. It is proposed to stimulate large and medium enterprises of the region.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
Part of series
Advances in Economics, Business and Management Research
Publication Date
June 2017
ISBN
978-94-6252-408-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/ttiess-17.2017.82How 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  - Ivan V. Palatkin
AU  - Khalidia Z. Ksenofontova
AU  - Kirill U. Chekh
PY  - 2017/06
DA  - 2017/06
TI  - Influence of investment climate of Russian Federation constituent entity on regional statistic indicator
PB  - Atlantis Press
SP  - 501
EP  - 505
SN  - 2352-5428
UR  - https://doi.org/10.2991/ttiess-17.2017.82
DO  - https://doi.org/10.2991/ttiess-17.2017.82
ID  - Palatkin2017/06
ER  -