The impact of investment policy and regional leadership on the socioeconomic development of the region

Subject. Issues related to strengthening the economic potential of the Republic of Mordovia. Objectives. Identification of key factors affecting the investment attractiveness of the region. Assessment of the impact of decisions made by top regional leadership on economic processes. Methods. Various methods of economic analysis were applied. Results. The main factors restraining investment inflows into the Republic of Mordovia are the high debt burden on enterprises, demographic decline, and shortage of qualified specialists. The active involvement of the head of the Republic of Mordovia (for example, participation in economic forums) contributes to increasing the region's investment attractiveness. A clear correlation has been identified between the level of socio-economic development of a region and its investment attractiveness. Conclusions. The practical significance of the work lies in the possibility of applying the obtained results to improve mechanisms of interregional cooperation and optimize the decision-making process at the level of a constituent entity of the Russian Federation.