Siberian Federal University

Issue

Journal of Siberian Federal University. Humanities & Social Sciences. 2023 16 (3)

Authors

Arkhipova, Yuliya A.

Contact information

Arkhipova, Yuliya A.: Mining Institute of Far Eastern Branch of Russian Academy of Sciences Khabarovsk, Russian Federation; ; ORCID: 0000-0002-9297-6056

Keywords

mineral and raw material potential; mining industry; metallurgical complex; multiplicative effect; effectiveness

Abstract

The article is devoted to the issues of assessing the social effectiveness of a large-scale investment project taking into account the multiplicative effect in the economy arising from intersectoral relations. Practice shows that currently the evaluation of the effectiveness of investment projects is carried out from the point of view of commercial and budgetary efficiency, which reflect the consequences of the project implementation only for the investor and the state budget and do not take into account public efficiency. The lack of a generally accepted mechanism for assessing the social effectiveness of a project from the standpoint of society and the national economy predetermines the relevance of the topic. The scientific novelty of the research consists in the development of the author’s methodological approach to assessing the multiplicative impact of a large investment project of vertically integrated production (obtaining products with a high degree of processing) on the development of the region. The methodological approach is based on new principles: classifications of projects and effects, methods for assessing decision making, allows to substantiate the priority of projects, directions and organizational and economic regulators that increase the efficiency of regional development, taking into account the multiplier assessment of social efficiency. The developed methodology takes into account: 1) technological intersectoral relationships that arise between enterprises during the implementation of the project; 2) the relationships that determine the transformation of costs or outflows of funds during the implementation of the project into the income of other participants in the economic system and the emergence of the effect of increasing final demand in the regional economy. The results provide an assessment of the scale of projects implementation from the perspective of society and the national economy, and also indicate the need to take into account the associated effect when evaluating large investment projects

Pages

378–390

EDN

GHJQQW

Paper at repository of SibFU

https://elib.sfu-kras.ru/handle/2311/149948

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).