**5. Results**

As the periods of research are selected: 2001–2007 (base period) and 2009–2015 (reporting period) as well as chain dynamics for 2009–2015. The choice of study periods for the baseline dynamics is due to the fact that in 2006–2007, Russia and its regions were given an investment rating by international agencies. The sense of the reporting period is that this was the period when the regions of Russia left the financial crisis and actively attracted foreign investments, and implemented a large number of investment projects.

**Tables 4** and **5** show the quantitative levels of investment attractiveness of regions—leaders in Russia, calculated according to the author's algorithm.

Thus, the imposition of sanctions in 2014 significantly affected the investment climate of the Kaluga region, since its economy is more dependent on the activities of foreign investors. For the Tula, Voronezh and Moscow regions, Moscow and Russia in general, the sanctions played a stimulating role.


**Table 4.** Quantitative levels of investment attractiveness of regions.


the results of financial and economic activity of enterprises of the commercial sector of the economy of an investment-attractive region on the achievement of the goals of its social and

Statistical Research of Investment Appeal of Russian Regions

http://dx.doi.org/10.5772/intechopen.75465

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Department of Management, Tsiolkovsky Kaluga State University, Kaluga, Russia

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**Author details**

**References**

Burtseva Tatiana Alexsandrovna

Address all correspondence to: taburtseva@tksu.ru

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**Table 5.** Dynamics of quantitative levels of investment attractiveness of regions.
