EVALUATION OF INVESTMENT ATTRACTIVENESS OF PRIMORSKY KRAI FOR FOREIGN INVESTOR

The relevance of the issue under the study is directly concerned with the necessity of the search for the factors of recovery of the Russian economy in the whole and its certain entities in particular. First, Russian economic science faces the tasks of theoretical underpinning and practical solution to the problem of lag in investment and innovative development. The paper states that the domestic manufacturers will not be able to adapt for significant appreciation of import of intermediate and investment goods, that is why foreign investments in Primorye can be considered as the economic growth drivers. The authors present some theoretical aspects of the capital flow theory. In particular, positive correlation between the foreign investments inflow and the efficiency of domestic manufacturers is noted. Besides that, the paper gives the assessment of investment behavior on the country and region levels. The authors determined the position of Primorsky Krai and Vladivostok in various investment ratings. This study showed that the framework conditions for the formation of favorable investment behavior are created and the economic and investment stability are ensured in Primorsky Krai. The authors revealed that the key mechanisms of the improvement of investment attractiveness of Primorsky Krai are the formation of the institutional environment, the creation of new normative base, region promotion on the world stage, the introduction of special tax, customs, and administrative regimes. The paper underlines the priority and special significance of institutional instruments of the organization of favorable business environment, such as the Free port of Vladivostok and the territory of priority social and economic development. The paper determines the main causes of the foreign investments inflow to the territory of Primorsky Krai and notes the consequences of the international capital flow.