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The innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0

Anna A. Grabar (Viatka State University, Kirov, Russian Federation)
Tatiana L. Koykova (Viatka State University, Kirov, Russian Federation)
Lyudmila K. Prokopenko (Viatka State University, Kirov, Russian Federation)
Raisa A. Shchinova (Viatka State University, Kirov, Russian Federation)

On the Horizon

ISSN: 1074-8121

Article publication date: 27 September 2019

Issue publication date: 16 October 2019

233

Abstract

Purpose

The purpose of this study is to substantiate the necessity and to develop the innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0.

Design/methodology/approach

The authors use the method of regression analysis for determining the dependence of the aggregate volume of investments (internal and external), which are attracted into the regional economy, on the volume of investments into fixed capital in the sphere of education (as the indicator of investment activities in the sphere of digital education) by the example of the regions of the Volga Federal District of the Russian Federation in 2018.

Findings

It is substantiated that the modern Russian mechanism of government support for investment activities of universities (including digital), which is based on such tools as norming and standardization, tax preferences and co-financing, does not allow for full implementation of the existing potential of digital universities in increasing region’s investment attractiveness in the conditions of Industry 4.0, which reduces the investment rating and volume of attracted investment resources in the regional economy – as is shown by the example of the regions of the Volga Federal District of the Russian Federation.

Originality/value

The determined problem could be solved by the presented innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0. It is implemented on the basis of new – for modern Russia – tools: information and consultation support for investment activities and institutional support for integrating digital universities for joint realization of the investment projects in a region. The advantage of the developed mechanism is transfer of the financial load and responsibility for the investment activities from the state to digital universities because of the creation of market stimuli for conducting these activities.

Keywords

Acknowledgements

Retraction notice: The publisher of On the Horizon: The International Journal of Learning Futures wish to retract the article “The innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0” by Anna A. Grabar, Tatiana L. Koykova, Lyudmila K. Prokopenko, Raisa A. Shchinova, which appeared in the special issue “Education as a platform for Industry 4.0: management and legal regulation” edited by Elena Popkova, On the Horizon, Vol. 27 Issue 3/4 (2019). It has come to our attention that there are concerns that the peer review process was compromised, and that as a result, the findings cannot be relied upon. The publisher of the journal sincerely apologises to the readers.

Citation

Grabar, A.A., Koykova, T.L., Prokopenko, L.K. and Shchinova, R.A. (2019), "The innovative mechanism of government support for the investment activities of digital universities for provision of region’s investment attractiveness in the conditions of Industry 4.0", On the Horizon, Vol. 27 No. 3/4, pp. 159-165. https://doi.org/10.1108/OTH-07-2019-0041

Publisher

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Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited

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