Methodological Tools for Assessing the Investment Attractiveness of Renewable Resources in Northern and Arctic Territories

• Published in: Economy of Region
• Main Authors: Alexander Ivanovich Tatarkin, Valery Vasilyevich Balashenko, Vladimir Grigoryevich Loginov, Margarita Nikolayevna Ignatyeva
• Format: Article in Journal/Newspaper
• Language: English; Russian
• Published: Russian Academy of Sciences, Institute of Economics of the Ural Branch 2016
• Subjects: investment; investment attractiveness; Northern and Arctic territories; natural resource potential; renewable natural resources; landscape areas; economic evaluation; income approach; zoning; methododological recommendations; Regional economics. Space in economics; HT388; Arctic; khanty; khanty-mansi; Mansi
• Online Access: https://doi.org/10.17059/2016-3-2; https://doaj.org/article/e691923d1e0d4ae7969226efd5b0dc7c

The article is devoted to the relevant problem, i.e. the evaluation of the investment attractiveness of renewable natural resources in the underdeveloped Northern and Arctic territories. Economic interaction arising from the development of naturalresource potential is the subject-matter of the study. The development of the methodological tools for the assessment of investment attractiveness for business and authorities is the purpose of the study. For the zoning of territories at the pre-investment project stage typical landscapes were selected and assessed by each type of renewable natural resources. On the basis of the analysis of the existing approaches to the zoning of natural resources, three types of landscapes were defined: the investment-attractive ones, the investment-attractive ones with some restrictions and the investment unattractive ones. During the study, the following hypothesis was confirmed: the selection of the most valuable natural resources increases the opportunities of their development. The investment attractiveness is determined by the advantages of geographical location, development of regional infrastructure, natural potential which is considered as a priority investment target. The need for the valuation of the natural resource potential of landscape areas within the boundaries of the assessed area is justified. The limitations are the low level of infrastructure development, insufficient resistance of landscapes to anthropogenic influence, the export of raw materials for recycling from the territories. The list of conditions that demand the introduction of correction factors to the cost parameters of the natural resource potential of landscape areas is justified. The main results of the research are presented in the form of the landscape zoning of the territory and as the developed methodological tools for assessing the investment attractiveness. The testing is conducted on the example of the Berezovsky municipal district of Khanty-Mansi Autonomous Okrug — Yugra.