INVESTMENT RESOURCES IN FORECASTING THE ECONOMIC DEVELOPMENT OF A PROVINCE

Svetlana G. Kreneva ¹*, Yulia A. Shuvalova², Evgeny I. Tsaregorodtsev³ &
Aleksandra V. Mikhaylova
¹ Ph. D in Economics, Assistant Professor at the Chair of Small and Medium-Sized Business Management, Mari State University, Russia, kreneva.sv@yandex.ru
² Ph. D in Economics, Assistant Professor at the Chair of Economics and Finance, Mari State University, Ph. D in Economics, Assistant Professor at the Chair of Economics and management, Interregional Open Social Institute, Russia, y.a.shuvalova@mail.ru
³ Doctor of Science, Economics, Professor at the hair of Economics and Finance, Mari State University, Russia, evgts@yandex.ru
⁴ Graduate student, Mikhaylova Aleksandra Vitalyevna, Mari State University, Russia, Michailovaav@yandex.ru
*Corresponding Author

Abstract
Each province’s ambition to take a leading place as a territory attractive for investors today makes one consider forecasting its economic development. The resource potential is one of the key characteristics of a region’s economic development, evaluating it is important for directing the flow of investments into the regional economy.
In order to assess the investment environment and climate of a province, identify its strengths and weaknesses, such factors as the level of infrastructure development in the territory, intellectual and innovation potential of the population, natural features of the area were taken into account. Today’s approach to forecasting a province’s economic development in the situation of strengthening globalization is the subject of analysis in this article.

The research was supported by Russian Science Foundation project #16-18-10017 «Complex of programs for forecasting economic development region»

Keywords: province, budget, investment, investment attractiveness, forecast of economic development of province.