Econometric and Statistical Estimates of Investments into Fixed Capital in Russian Regions

Abstract

Analysis of factors affecting investments in fixed capital in Russian regions is given in the paper. Econometric estimates showed that the strongest factors are the average fixed assets’ efficiency and the share of construction industry in the gross regional product. Technological factors have weak influence on the investment process. Oil-rich regions have no priority in investment policy. On the other hand transportation conditions have influence on investment processesInvestment in fixed assets; econometric estimates; renovation of fixed assets; average revenue from fixed assets; rank correlations