WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 17, 2020
Problems of Financial and Investment Support Modelling of the Regional Social and Economic Development
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Abstract: The main aim of the research is to investigate the problems of financial and investment support modelling of the regional social and economic development, to analyse the conceptual practical approach to these problems and definition of the adequate mechanisms. Proceeding from the objective situation of the regional social and economic development in Azerbaijan there was justified a complex functional structure of the regions. The factors which enables the sustainable development of the regions, the principles and measures of the financial and investment support were determined. The significance of conceptual practical approach to financial and investment support of the regional social and economic development was revealed. The significance of financial and investment support in the modelling of social economic development on the regional level, the maximum rational use of the local natural and economic supplies in formation of the financial resources, and enterprises modelling issues were analysed. There was prepared a structure of regional investment policy formation and implementation system. The formation factors and implementation ways of preparation mechanisms of the regional investment policy were determined. The directions of strengthening of the finance and credit support of the social and economic development programs were justified. There was also given a scheme of strengthening of the financial and credit support rationality of the regional social economic development program. The fraction of regions in the total amount of the economic agents in Azerbaijan was analysed. There was prepared a scheme of important directions of the multiplicative effect in the social economic development of the regions. The efficiency issues of the regional social economic development program in Azerbaijan were analysed. There were presented the dynamics of funds oriented to the nominal capital on regions in Azerbaijan and dynamics of funds oriented to the nominal capital per capita on regions. The current situation of the regional social economic development in Azerbaijan and production of outputs on the economic regions were analysed. The dynamics of outputs production per capita in the main fields of economics region-wise and the dynamics of industrial production volume region-wise were also presented. There were generalized the factors determining the strengthening of financial and investment support of the regional social economic development. There were shown the ways of strategic approach to the financial and investment support of the social economic development in the regions in the short and long terms in Azerbaijan. There were prepared suggestions and given advice on the issues reviewed in the article. This is a sample of the format of your full paper.
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Keywords: Azerbaijan, Financial and investment support, regional economic potential, regional economic policy, social and economic development, financial and investment support, interregional economic development differences, regional natural resources
Pages: 741-752
DOI: 10.37394/23207.2020.17.72