Geographical features of investment activity in Stavropol krai

Abstract

The article focuses on the study of territorial features of the regional investment activity, whereas the Stavropol Krai is used as the example. The main objective is to identify the specifics of the effect of intra-regional factors on attraction and investment placement. The study is based on the author's database "Investment projects of the Stavropol Krai", compiled based on data from official websites of the local regional authorities. The analysis of the location of investment projects is based on comparison of their geography and industrial affiliation with the territorial and sectoral structure of the economy existing in the region. The study shows that at the intraregional level, there is a link between the territorial and sectoral structure of investments, the horizon of their planning, the total amount of funds and the likelihood of implementing investment projects and their placement in the local system. In the Stavropol Krai, investments typically tend to locate around the major transport routes, sales markets and the major elements of the local economy; their industry affiliation corresponds to the specialization of the industrial center or lies at the junction of related industries. When planning the placement of investment projects, the demographic features of the territory are not taken into account, which contributes to the strengthening of labor migration processes and violates the demographic stability of the area