Increasing the Multiplier Effect of the Agro-Industrial Complex in the Northern Region: New Guidelines for Strategic Development

Annotation

The article discusses the problems of increasing the multiplier effect of the agro-industrial complex of the Komi Republic as a result of investment, as well as ways to accelerate the economic growth of its spheres and individual enterprises. The problems of motivation to increase capital investments in order to increase production and competitiveness of marketable products remain without due attention. The aim of the study is to substantiate the transition of the agro-industrial complex of the Komi Republic to an innovative and investment path of development, to more active methods of using advanced technologies and resource provision of investments, increasing the share of the intellectual component in their composition. The subject of the study is to determine the level of the multiplier effect of the agro-industrial complex of the Komi Republic as a method for assessing its effectiveness and competitiveness. Research methods — quantitative assessment of the effectiveness of total costs, scientific abstraction, analysis and synthesis, systems approach, historical and logical method, statistical observations. The article reveals the main trends of the multiplier effect in the agro-industrial complex of the Komi Republic. It is proposed to increase the multiplier effect of the agro-industrial complex for business entities to focus on the tasks of coordinating the flows of available investment resources.

About authors

Aziz A. MUSTAFAEV, Ph.D. of Economic Sciences 
E-mail: mustafaev@iespn.komisc.ru 
Institute of Socio-Economic and Energy Problems of the North, Komi Scientific Centre, Ural Branch RAS, Syktyvkar, Russia

Nikolay D. NAYDENOV, D.Sc. of Economic Sciences
E-mail: ND.Naidenov@mail.ru
Russian University of Cooperation, Syktyvkar Branch, Syktyvkar, Russia

Elena N. NOVOKSHONOVA, Ph.D. of Economic Sciences
E-mail: einai@mail.ru
Pitirim Sorokin Syktyvkar State University, Syktyvkar, Russia

Keywords

agro-industrial complex, Komi Republic, strategy, investment, output, multiplier effect, competitiveness, efficiency, growth, ratio

DOI

10.37482/issn2221-2698.2021.45.5

UDC

338.436.33(470.13)(045)