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dc.contributor.authorBeklaryan, Gayane L.-
dc.contributor.authorAkopov, Andranik S.-
dc.date.accessioned2019-09-16T08:04:15Z-
dc.date.available2019-09-16T08:04:15Z-
dc.date.issued2019-
dc.identifier.citationBeklaryan, G. L., & Akopov, A. S. (2019). Modelling the efficiency of the use of production and investment resources at the regional level: the case of Russia. International Journal of Economics & Business Administration, 7(3), 151-166.en_GB
dc.identifier.issn22414754-
dc.identifier.urihttps://www.um.edu.mt/library/oar/handle/123456789/46511-
dc.description.abstractPurpose: The aim of this article is to examine the efficiency of the use of production and investment resources at the regional level in the Russian Federation. Design/Methodology/Approach: The important feature of the suggested approach is to take into account the average (normative) return of sectoral resources by computing the efficiency scores of regions. Methods of agent-based modelling (ABM) were applied in the investigation using the ‘gravity effects’ that described the behaviour of agent-enterprises. Moreover, agent-investors regarding agent-regions are considered. Findings: The key findings are: (1) There is a significant inequality and a gap between the leading regions of Russia (such as Moscow, Moscow Oblast and Saint Petersburg) and other regions. At the same time, many non-leading regions are more stable and attractive; (2) A complex classification of Russian regions based on solving four tasks, namely the ‘ratio of production to labour’, ‘ratio of production to assets’, ‘ratio of investments to labour’ and ‘ratio of investments to assets’ is an effective approach to estimate region states; (3) In the leading regions e.g., Moscow, has decreasing efficiency scores after 2014, which is probably due to the large influence of crisis phenomena on the largest Russian agglomerations in comparison with other regions; (4) The ‘gravity model’ explains the behaviour of economic agents and allows forecasting the number of regional enterprises and investors. Practical implications: The developed method can be practically applied for other countries with non-homogeneous regional economies. Originality/Value: For the first time the dynamical model of the efficiency of the use of production and investment resources at the regional level of Russia is suggested. Such model allows examining regional changes.en_GB
dc.language.isoenen_GB
dc.publisherEleftherios Thalassinosen_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectManufacturing processes -- Russiaen_GB
dc.subjectInvestments -- Russiaen_GB
dc.subjectRegional economics -- Russiaen_GB
dc.subjectCommercial agents -- Russiaen_GB
dc.titleModelling the efficiency of the use of production and investment resources at the regional level : the case of Russiaen_GB
dc.typearticleen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holderen_GB
dc.description.reviewedpeer-revieweden_GB
dc.publication.titleInternational Journal of Economics & Business Administrationen_GB
Appears in Collections:IJEBA, Volume 7, Issue 3

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