The Theoretical and Methodological Foundations of Investment Programs in The Socio-Economic Development of A Region
DOI:
https://doi.org/10.51699/cajitmf.v7i1.1101Keywords:
regional development, investment program, socio-economic growth, regional disparities, investment policy, forecasting, economic model, sustainable developmentAbstract
This paper contains a theoretical and methodological analysis of the place and role in regional socio-economic policy of investment programmes. Firstly, I review the economic schools and theoretical considerations which have approached investment processes focusing on regional development. It also adds to our understanding of how investment programmes influence regional economic growth, and are modernising production infrastructure and organisa tionofthe social sphere. This article presents the scientific grounds of investment programs for interregional differences, employment promotion and to secure effective development of economic potential activities in regional space. The findings of the study indicate that there is a greater need for a wider dissemination on an investment programme forecasting in formulating policies concerning regional development. The article theoretically-methodologically substantiates the essence and importance of investment programmes in socio-economic regional development. For this purpose the first step is a review of the principal economic schools and theoretical groups that have analysed the effect that investment processes have on regional growth. The latter is then confirmed by the regional economic growth, production infrastructure modernization and social sphere development mechanism of the programme-oriented financing. The studies show the underlying rationale for investment programmes aimed at reducing interregional disparities, increasing employment and achieving more efficient use of economic resources, as well as promoting sustainable regional growth.
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