Methodological Tools for Assessing the Investment Attractiveness of Renewable Resources in Northern and Arctic Territories

Authors

  • Alexander Ivanovich Tatarkin Institute of Economics of the Ural Branch of RAS
  • Valery Vasilyevich Balashenko Institute of Economics of the Ural Branch of RAS
  • Vladimir Grigoryevich Loginov Institute of Economics of the Ural Branch of RAS
  • Margarita Nikolayevna Ignatyeva Institute of Economics of the Ural Branch of RAS; Ural State Mining University

DOI:

https://doi.org/10.17059/2016-3-2

Keywords:

investment, investment attractiveness, Northern and Arctic territories, natural resource potential, renewable natural resources, landscape areas, economic evaluation, income approach, zoning, methododological recommendations

Abstract

The article is devoted to the relevant problem, i.e. the evaluation of the investment attractiveness of renewable natural resources in the underdeveloped Northern and Arctic territories. Economic interaction arisingfrom the development of natural-resourcepotential is the subject-matter of the study. The development of the methodological tools for the assessment of investment attractiveness for business and authorities is the purpose of the study. For the zoning of territories at the pre-investment project stage typical landscapes were selected and assessed by each type of renewable natural resources. On the basis of the analysis of the existing approaches to the zoning of natural resources, three types of landscapes were defined: the investment-attractive ones, the investment-attractive ones with some restrictions and the investment unattractive ones. During the study, the following hypothesis was confirmed: the selection of the most valuable natural resources increases the opportunities of their development. The investment attractiveness is determined by the advantages of geographical location, development of regional infrastructure, natural potential which is considered as a priority investment target. The need for the valuation of the natural resource potential of landscape areas within the boundaries of the assessed area is justified. The limitations are the low level of infrastructure development, insufficient resistance of landscapes to anthropogenic influence, the export of raw materials for recycling from the territories. The list of conditions that demand the introduction of correction factors to the cost parameters of the natural resource potential of landscape areas is justified. The main results of the research are presented in the form of the landscape zoning of the territory and as the developed methodological tools for assessing the investment attractiveness. The testing is conducted on the example of the Berezovsky municipal district of Khanty-Mansi Autonomous Okrug - Yugra.

Author Biographies

Alexander Ivanovich Tatarkin, Institute of Economics of the Ural Branch of RAS

Doctor of Economics, Professor, Member of RAS, Head of the Institute, Institute of Economics of the Ural Branch of RAS (29, Moskovskaya St., Ekaterinburg, 620014, Russian Federation; e-mail: tatarkin_ai@mail.ru).

Valery Vasilyevich Balashenko, Institute of Economics of the Ural Branch of RAS

PhD in Economics, Research Associate, Sector for Regional Environmental Management and Ecology, Institute of Economics of the Ural Branch of RAS (29, Moskovskaya St., Ekaterinburg, 620014, Russian Federation; e-mail: bala10@mail.ru).

Vladimir Grigoryevich Loginov, Institute of Economics of the Ural Branch of RAS

Doctor of Economics, Head of the Sector for Regional Environmental Management and Ecology, Institute of Economics of the Ural Branch of RAS (29, Moskovskaya St., Ekaterinburg, 620014, Russian Federation; e-mail:log-wg@rambler.ru).

Margarita Nikolayevna Ignatyeva, Institute of Economics of the Ural Branch of RAS; Ural State Mining University

Doctor of Economics, Leading Research Associate, Sector for Regional Environmental Management and Ecology, Institute of Economics of the Ural Branch of RAS; Professor, Department of Economic Theory and Entrepreneurship, Ural State Mining University (29, Moskovskaya St., Ekaterinburg, 620014, Russian Federation; e-mail: rinis@mail.ru).

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Published

05.09.2016

How to Cite

Tatarkin, A. I., Balashenko, V. V., Loginov, V. G., & Ignatyeva, M. N. (2016). Methodological Tools for Assessing the Investment Attractiveness of Renewable Resources in Northern and Arctic Territories. Economy of Regions, 12(3), 627–637. https://doi.org/10.17059/2016-3-2

Issue

Section

Research articles