IDEAS home Printed from https://ideas.repec.org/a/far/spaeco/y2014i2p75-92.html
   My bibliography  Save this article

Regions’ Competition for Investment Projects in Forest Development

Author

Listed:
  • Valentina Fedorovna Lapo

    (Federal state autonomous educational institution of higher professional education “The Siberian Federal University”)

Abstract

The author considers the problem of competition between regions for investments. It is hypothesized that the presence of legislative stimulating benefits in a particular region, ceteris paribus, promotes investment flows in forest projects from other regions and is an instrumentl of inter-regional competition. To test the hypotheses the researcher uses a modified model with spatial weighted exogenous variables in order to assess the spatial effects. The obtained estimates indicate the presence of spatial effects, both negative (an inter-regional competition for investment) and positive (agglomeration effects). The author argues that the process of inter-regional competition for investment in projects on forest development is caused by benefits under taxes and payments into the regional budget, regulation of pricing (including actions by natural and local monopolies) and depreciation policy and solutions to put some forest projects in the list of priority ones. Along with this, the paper identifies agglomeration effects induced by a number of benefits: direct dealings in investment by financing or property contribution, subsidies, state guarantees, credit security and partial payment of interest.

Suggested Citation

  • Valentina Fedorovna Lapo, 2014. "Regions’ Competition for Investment Projects in Forest Development," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 75-92.
    • Handle: RePEc:far:spaeco:y:2014:i:2:p:75-92
    DOI: DOI:10.14530/se.2014.2.075-092
    as

    Download full text from publisher

    File URL: http://www.spatial-economics.com/images/spatial-econimics/2014_2/SE.2014.2.075-092.Lapo.pdf.pdf
    Download Restriction: no
    File URL: http://spatial-economics.com/eng/arkhiv-nomerov/2014/48-2014-2/636-SE-2014-2-75-92
    Download Restriction: no
    File URL: https://libkey.io/DOI:10.14530/se.2014.2.075-092?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:far:spaeco:y:2014:i:2:p:75-92. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sergey Rogov (email available below). General contact details of provider: https://edirc.repec.org/data/ecrinru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.