Skip to main content
SpringerLink
Log in

Assessment of the Social Effectiveness of the Project for Development of Innovative Infrastructure on Russky Island

  • REGIONAL STUDIES
  • Published:
Regional Research of Russia Aims and scope Submit manuscript

Abstract

The aim of this study is to scientifically substantiate an integrated methodology for assessing the socioeconomic efficiency of integrated investment projects (IIP) based on the principles of sustainable development and international approaches to assessment with a case study of IIP for creating innovative infrastructure in the Far Eastern Federal District (FEFD) of Russia. The object of the study is complex investment projects for the development of innovative infrastructure, implemented in the FEFD. The subject of the study is a set of forecast socioeconomic effects and consequences of implementing the IIP for the development of innovation infrastructure in the FEFD. The article discusses the main directions and instruments of state policy to support IIP in the FEFD, as well as approaches to evaluating such projects. The features and problems of methodological support for assessing the social (economic) efficiency of IIP are revealed. The scientific novelty of the research is the following: existing domestic and foreign methodological approaches to achieving the goal set in it were adapted, the corresponding tools were modified, and experimental calculations were performed with a case study of the project of the Russky innovative scientific and technological center, making it possible to obtain quantitative estimates of the social effectiveness of the project in the context of types of generated effects. The results of the study will make it possible to improve the validity of decisions on implementing budget investments and provision of state support measures for individual projects; they will form a systemic basis for prioritizing a portfolio of existing and future projects (reorienting state support to projects with maximum social impact) and will contribute to improving the structure of initiated projects in favor of more socially effective options for their implementation.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Fig. 1.
Fig. 2.
Fig. 3.

Notes

  1. https://vostokgosplan.ru/research/.

  2. See: Methodology for examining applications for participation in the selection of integrated investment projects in priority areas of civil industry, approved by Order of the Ministry of Industry and Trade of Russia no. 3196 of August 14, 2018; Methodology for assessing the socioeconomic effects of projects on construction (reconstruction) and operation of transport infrastructure facilities planned for implementation that use federal budget funds, as well as provision of Russian state guarantees and tax benefits, approved by Decree of the Russian Federation Government no. 1512 of November 26, 2019; etc.

  3. The island in Peter the Great Bay of the Sea of Japan is part of the municipality of the Vladivostok urban okrug.

  4. An island in the Amur River, the east side of which is part of the city of Khabarovsk.

  5. Investment opportunities in the Far East and Arctic Zone of the Russian Federation. https://inpctlp.ru/doc/2021-12-15.pdf.

  6. Decree of the Russian Federation Government no. 134 of March 1, 2008 (as amended on December 23, 2016) On approval of the rules for the formation and use of budgetary allocations of the Russian Federation Investment Fund; Development of integrated investment projects in the energy complex. Russian Energy Agency. http://rosenergo.gov.ru/services/.

  7. Guide to Cost-Benefit Analysis of Investment Projects: Economic appraisal tool for Cohesion Policy 2014–2020. December 2014/European Commission, Directorate-General for Regional and Urban Policy. 2015.

  8. Economic Аppraisal Vademecum 2021–2027—General Principles and Sector Applications. https://ec.europa.eu/regional_policy/en/information/publications/guides/2021/economic-appraisal-vademecum-2021-2027-general-principles-and-sector-applications.

REFERENCES

  1. Askarova, G.K., Complex investment project—problems and solutions, in Aktual’nye problemy agrarnoi nauki i puti ikh resheniya (Current Problems of Agricultural Science and Ways to Solve Them), Kinel: Samar. Gos. Sel’skokhoz. Akad., 2016, pp. 682–685.

  2. Dobrova, E.D., Complex project as a factor in intensifying the investment activity of industrial enterprises, Fin. Zhizn’, 2020, no. 2, pp. 129–132.

  3. Korol’kova, M.V. and Novikova, T.S., Approaches to assessing the effectiveness of a complex of interrelated investment projects, Mir Ekon. Upravl., 2018, vol. 18, no. 3, pp. 66–80. https://doi.org/10.25205/2542-0429-2018-18-3-66-80

  4. Larin, S.N. and Khrustalev, O.E., Methodology for building a national economic system based on the development and implementation of complex investment projects, Innovatsii v Menedzhmente, 2020, vol. 24, no. 2, pp. 46–53.

  5. Livshits, V.N., Mironova, I.A., and Shvetsov, A.N., Assessing the effectiveness of investment projects in various conditions, Ekon. Promyshl., 2019, vol. 12, no. 1, pp. 29–43. https://doi.org/10.17073/2072-1633-2019-1-29-43

  6. L’vov, D.S., Ekonomika razvitiya (Economics of Development), Moscow: Ekzamen, 2002.

  7. Mel’nikov, R.M., Assessment of socially significant projects supported by federal authorities: Methodological problems and ways of improvement, Ekon. Anal.: Teor. Prakt., 2015, vol. 405, no. 6, pp. 9–19.

    Google Scholar 

  8. Mishan, E., Cost-Benefit Analysis, London: George Allen and Unwin, 1988.

    Google Scholar 

  9. Mitrofanova, I.V., Mitrofanova, I.A., Gorshkova, O.P., and Starostina, E.S., Development of methodological approaches to the economic assessment of the effectiveness of megaprojects, Ekon.: Vchera, Segodnya, Zavtra, 2018, vol. 8, no. 6A, pp. 38–54.

    Google Scholar 

  10. Nagaeva, O.S., Assessing the socio-economic efficiency of regional investment projects, Reg. Ekon. Upravl.: Elektron. Nauchn. Zh., 2016, vol. 48, no. 4, pp. 40–50.

    Google Scholar 

  11. Shvetsov, A.N., Investments in the regional economy: How to reduce the risks of choosing ineffective projects, Reg. Ekon. Yug Ross., 2011, no. 12, pp. 127–136.

  12. Vilenskii, P.L., Livshits, V.N., and Smolyak, S.A., Otsenka effektivnosti investitsionnykh proektov: Teoriya i praktika (Evaluating the Effectiveness of Investment Projects: Theory and Practice), Moscow: Poli Print Servis, 2015.

Download references

Funding

This work was supported by ongoing institutional funding. No additional grants to carry out or direct this particular research were obtained.

Author information

Authors and Affiliations

  1. Center for System Transformations, Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia

    M. E. Kuznetsov

  2. Eastern Center for State Planning, Moscow, Russia

    M. E. Kuznetsov

Authors
  1. M. E. Kuznetsov
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to M. E. Kuznetsov.

Ethics declarations

The author of this work declares that he has no conflicts of interest.

Additional information

Publisher’s Note.

Pleiades Publishing remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Kuznetsov, M.E. Assessment of the Social Effectiveness of the Project for Development of Innovative Infrastructure on Russky Island. Reg. Res. Russ. 13 (Suppl 1), S118–S126 (2023). https://doi.org/10.1134/S2079970523600269

Download citation

  • Received:

  • Revised:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1134/S2079970523600269

Keywords:

Search

Navigation