Agro-industrial Clusters in the Russian Federation Economy: Features of Investment Attraction Analysis

Abstract

The present article reflects the authors’ views on the subject of different approaches to explore features of changes in the agrarian sphere of economy. It is focused that an objective basis for an essential reformation in the agrarian sphere of national economy is to ensure national food security. One of the best ways to change the form and ways of economic management, according to the authors, is to create agro-industrial clusters in Russia. The writers believe that agro-industrial clusters have the potential to become under the modern circumstances an adequate response in choosing future paths to reform agrarian sphere of the Russian Federation economy considering the common inner instability within the country as well as the constantly changing foreign-economic challenges, including food sanctions. The article also introduces some theoretical aspects of creating agro-industrial clusters in the system of national economy; main features of agro-industrial clusters are determined. Special emphasis is placed on the exploration of the different issues of investment attraction and investment climate of agro-industrial clusters based on soil and climatic diversity of a region along with historically established distinctive features of economic management. Additionally, the article demonstrates a development of the authors’ hypothesis of an official functionally structured modelling of investment attraction of regional agro-industrial clusters depending on both the analysis of common investment potential together with investment risks and economic situation in a single agro-industrial sector. Moreover, the writers suggests regional ranking of forming agro-industrial clusters in terms of investment attraction and the existing cluster initiatives.

DOI: 10.5901/mjss.2015.v6n6s3p165