Financial support of investment process in Russian economy in conditions of limited resources

摘要

Investment activity is an important indication of economic development of the country and one of the main criteria of steady economic growth. Investment intensity greatly influences the solution of major macroeconomic tasks: structural adjustment in national economy, formation of favourable economic and financial climate, development of innovative business, development of competitive products, increase of tax base, replenishment of budget revenues, creating more employment, extention of enterprises' activity, poverty reduction. Enterprises' investment activity is determined by the role of capital investment in the economic development of the country. Increasing the levels of investment provides the growth of industrial production, improvement of innovative capacity, which will contribute to strenthening the position of the country in the world market. To achieve these objectives, it is crucial to create national sound technology of investment and the system of financial security of the investment process in the Russian Federation. Nowadays the problem of developing the system of financial security of the investment process should become one of the important tasks of government economic policy, which is aimed at achieving steady economic growth and cyclical up-ticks in economy in general. In a globalized world and development of knowledge-based economy, the improvement of investment climate is impossible without establishing an effective system of financial security. Thus, today the development of the system of financial security of the investment process is of considerable social and economic importance for the development of the country. To this end, it is necessary to design a further theoretical framework and to develop methodological and practical guidelines to its effective implementation. In this context, the artcile specifies the basic components of favourable financial and economic climate for the development of the investment process with the modernization of the economy, presents a regression model that helps to evaluate the degree of impact on the index of investment in the fixed capital in the Russian Federation, its principal sources of formation and establishes the dependence of innovative development from gross and national income. According to the authors, it will contribute to the formation of regional segment of the national innovative system.