Материал: Institucionalnoe_proektirovanie_kak_instrument_ulu

С. 2335–2350. — doi: 10.18334/rp.17.18.36551

Aleksandr M. Pakhalov, Development Director of the Center for Studies of Network Economy, Engineer of the Laboratory of Institutional Analysis of the Economic Faculty, Lomonosov Moscow State University

Institutional planning as an instrument of the investment climate improvement

ABSTRACT

Empirical studies of the recent years testify to the fact that the investment activity in the world’s countries and regions depends not only on the basic characteristics of the territories (such as the reserves of resources and geographic location), but also on a set of factors commonly referred to as investment climate. One of the main components of the investment climate of the territory is institutional environment – a set of norms and rules of social-economic life. The article demonstrates the channels through which the institutions influence on the investment activities, lists the main types of institutions that are significant from the perspective of investments. The main stages of the institutional planning – the process of establishment and change of the institutions for the purpose of improving the investment climate – have been pointed out. For Russia this process is particularly important on the regional level.

KEYWORDS: investment attractiveness factors, investment climate, quality of institutions, institutional planning, regions