THE ROLE OF INNOVATIVE AND INVESTMENT DEVELOPMENT INSTITUTIONS IN INCREASING THE INVESTMENT ATTRACTIVENESS OF RUSSIAN AGRICULTURE

DOI 10.32651/2512-18

Issue № 12, 2025, article № 3, pages 18-25

Section: Program-target management of development of agricultural production

Language: Russian

Original language title: РОЛЬ ИНСТИТУТОВ ИННОВАЦИОННО-ИНВЕСТИЦИОННОГО РАЗВИТИЯ В ПОВЫШЕНИИ ИНВЕСТИЦИОННОЙ ПРИВЛЕКАТЕЛЬНОСТИ СЕЛЬСКОГО ХОЗЯЙСТВА РОССИИ

Keywords: DEVELOPMENT INSTITUTIONS, AGRICULTURAL SECTOR, INVESTMENT ATTRACTIVENESS, INVESTMENT ENVIRONMENT, AND EFFICIENCY

Abstract: In the context of structural transformation of the agro-industrial complex and increasing external economic constraints, the formation of an effective institutional environment for innovation-driven and investment-oriented development of agriculture in Russia becomes critically important. The purpose of this study is to analyze the role of institutions of innovation and investment development in enhancing the investment attractiveness of the agricultural sector and to identify key mechanisms through which these institutions influence investment processes. The paper examines public and quasi-public development institutions, financial and non-financial support mechanisms for agricultural innovation, as well as instruments aimed at stimulating private investment in agriculture. The methodological framework of the research is based on institutional and systems approaches, complemented by methods of comparative analysis, generalization, and economic interpretation of statistical and regulatory data. The study demonstrates that institutions of innovation and investment development contribute to reducing investment risks, creating long-term incentives for technological modernization, developing agricultural innovation infrastructure, and improving access to financial resources for agricultural producers. Special attention is paid to the role of state programs, interest rate subsidy schemes, guarantee mechanisms, and regional development institutions. It is substantiated that the effectiveness of institutional impact largely depends on the coherence of agricultural, investment, and innovation policies, as well as on the quality of institutional design and implementation. The findings indicate that further development and improvement of innovation and investment institutions is a key factor in increasing the investment attractiveness of Russian agriculture, accelerating technological renewal, and ensuring sustainable socio-economic development of rural areas in the Russian Federation.

Authors: CHutcheva IUliia Vasilevna, Nechaev Vasilii Ivanovich