Investment strategy of the Chernihiv region development: factors of influence
The purpose of the article is to clarify the content and the main factors influencing the investment strategy of the Chernihiv region development for the reason of the existing ambiguity in the interpretation of the investment strategy concept and factors of influence on it. The scientific approaches to determining the content of an investment strategy are examined in the article. The article is devoted to the study of instruments influencing the investment strategy of the Chernihiv region. The instruments of tax and monetary policy, affecting the investment strategy through the regulation of the financial, banking system and monetary circulation are justified. The factors of influence on the investment strategy are classified as economic, resource, innovative, social. The internal and external factors affecting the investment processes at the regional level are determined. It is proved that the important conditions for the formation and implementation of the investment strategy are the political and legal conditions for investing (political, macroeconomic stability, favorable legal framework for investors, the level of religious, territorial, ethnic conflicts in the country, contradictions between central and local authorities, etc.). The necessity of implementing measures to implement the investment strategy is substantiated. It is emphasized that the influence of the state on the formation and implementation of investment strategy involves the use of a range of forms, methods and appropriate tools. One of the most important instruments of influence is financial and monetary. The effectiveness of possible measures of influence depends primarily on ensuring political and economic stability, restoring the confidence of the population, enterprises in the state, financial and banking structures.