Synergy of Investment Projects: A Cognitive Approach

Abstract

An important part of the analysis of economic growth of regions is the study of the investment distribution within industries and Russian Federation regions. Carefully considered construction of extra value sequences can create positive impulses because of the synergetic effects of investment projects. The purpose of the study is to analyze the synergetic effects of regional investment projects and impulse modeling their effects on Russian economic system. Finding such effects requires complex mathematical models implementation, and usually it cannot describe all existing investment relationships. Cognitive modeling methods can become the solution of stated problem. Cognitive modeling is a combination of mathematical approaches and expert assessments. The following study includes multidimensional factor statistical analysis, which was applied to construct a cognitive map for impulse modeling. Based on investment projects in Russia, there were identified 4 main generalized economic factors. These factors were sets of closely interrelated industries. Complied factors were energy and chemical industry, mining and processing of minerals and mechanical engineering, quality of life, metalworking and woodworking. four main scenarios of investment impulses in the constructed factors were also evaluated. The growth of investment flows in the “quality of life” factor was chosen as the optimality criterion. It was revealed that the development of metal- and wood-processing provides the biggest positive effect. The conducted research shows the importance of investment synergy studying and describes a methodological approach to perform calculations.