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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">finance</journal-id><journal-title-group><journal-title xml:lang="ru">Финансы: теория и практика/Finance: Theory and Practice</journal-title><trans-title-group xml:lang="en"><trans-title>Finance: Theory and Practice</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2587-5671</issn><issn pub-type="epub">2587-7089</issn><publisher><publisher-name>Financial University under The Government of Russian Federation</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26794/2587-5671-2025-29-2-120-136</article-id><article-id custom-type="elpub" pub-id-type="custom">finance-3603</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ИНВЕСТИЦИОННАЯ ПОЛИТИКА</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>INVESTMENT POlICY</subject></subj-group></article-categories><title-group><article-title>Оценка инвестиционной привлекательности субъектов РФ с применением искусственного интеллекта</article-title><trans-title-group xml:lang="en"><trans-title>Assessment of Investment Attractiveness of RF Entities Using Artificial Intelligence</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0003-1634-5030</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Губарев</surname><given-names>Р. В.</given-names></name><name name-style="western" xml:lang="en"><surname>Gubarev</surname><given-names>R. V.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Роман Владимирович Губарев — кандидат экономических наук, доцент кафедры экономической теории</p><p>Москва</p></bio><bio xml:lang="en"><p>Roman V. Gubarev — Cand. Sci. (Econ.), Assoc. Prof., Department of Economic Theory</p><p>Moscow</p></bio><email xlink:type="simple">gubarev.roma@yandex.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0003-2209-2017</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Дзюба</surname><given-names>Е. И.</given-names></name><name name-style="western" xml:lang="en"><surname>Dzyuba</surname><given-names>E. I.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Евгений Иванович Дзюба — научный сотрудник</p><p>Уфа</p></bio><bio xml:lang="en"><p>Evgeniy I. Dzyuba — Research associate, Institute of Social and Economic Research</p><p>Ufa</p><p> </p></bio><email xlink:type="simple">intellectRus@yandex.ru</email><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0009-0008-0836-645X</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Хазиев</surname><given-names>Р. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Haziev</surname><given-names>R. S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Радик Салаватович Хазиев — магистрант кафедры государственного управления</p><p> Уфа</p></bio><bio xml:lang="en"><p>Radik S. Haziev — Master’s student of the Department of Public Administration</p><p>Ufa</p></bio><xref ref-type="aff" rid="aff-3"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Российский экономический университет</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Plekhanov Russian University of Economics</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru"><institution>Институт социально-экономических исследований УФИЦ РАН</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Ufa Federal Research Centre of the Russian Academy of Sciences</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-3"><aff xml:lang="ru"><institution>Уфимский университет науки и технологий</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Ufa University of Science and Technolodgy</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2025</year></pub-date><pub-date pub-type="epub"><day>09</day><month>05</month><year>2025</year></pub-date><volume>29</volume><issue>2</issue><fpage>120</fpage><lpage>136</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Губарев Р.В., Дзюба Е.И., Хазиев Р.С., 2025</copyright-statement><copyright-year>2025</copyright-year><copyright-holder xml:lang="ru">Губарев Р.В., Дзюба Е.И., Хазиев Р.С.</copyright-holder><copyright-holder xml:lang="en">Gubarev R.V., Dzyuba E.I., Haziev R.S.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://financetp.fa.ru/jour/article/view/3603">https://financetp.fa.ru/jour/article/view/3603</self-uri><abstract><p>Сложная геополитическая ситуация в мире актуализировала для России на мезоуровне управления вопрос привлечения частных инвестиций в экономику. В настоящее время решение обозначенной проблемы невозможно без мониторинга инвестиционной привлекательности субъектов РФ. Целью исследования является разработка адекватной методики для оценки инвестиционной привлекательности российских регионов. На основе приемов конкурентного бенчмаркинга оценивается инвестиционная привлекательность территорий (в составе страны) в динамике за ряд лет. Результаты ретроспективной оценки, проведенной с помощью индексного метода, углубляются путем кластерного анализа. Также авторская методика позволяет оценивать не только фактическую инвестиционную привлекательность регионов России, но и предполагает формирование прогноза. При этом вышеуказанные задачи решаются с помощью искусственного интеллекта. Итоги ретроспективной оценки показали, что в 2019-2022 гг. ярко выраженными лидерами рейтинга инвестиционной привлекательности субъектов РФ являлись города Москва и Санкт-Петербург. В нижней части рейтинга (не поднимались выше 71-го места) на регулярной основе находились все республики из Северо-Кавказского федерального округа, а также Республика Калмыкия и Республика Тыва, входящие, соответственно, в Южный и Сибирский федеральные округа. Из результатов кластерного анализа видно, что все российские регионы в 2019-2022 гг. можно было объединить в три группы, характеризующиеся выше среднего, средним и ниже среднего уровнем инвестиционной привлекательности. За весь анализируемый период времени произошло повышение качества сформированной кластерной структуры: практически в два раза увеличилась доля субъектов РФ с инвестиционной привлекательностью выше среднего. Результаты (ретро- и перспективной) оценки по авторской методике позволяют сделать вывод о существенных резервах роста инвестиционной привлекательности всех без исключения российских регионов. На основе декомпозиции ее итогов руководство субъектов РФ сможет разработать меры по повышению эффективности проводимой региональной инвестиционной политики. </p></abstract><trans-abstract xml:lang="en"><p>Difficult geopolitical situation in the world has made the issue of attracting private investment into the economy at the meso-management Level relevant for Russia Currently, the solution of this problem is impossible without monitoring the investment attractiveness of the subjects of the Russian Federation. The purpose of the study is to develop an adequate methodology for assessing the investment attractiveness of Russian regions. Based on competitive benchmarking techniques, the investment attractiveness of territories (within the country) is assessed in dynamics over a number of years. The results of a retrospective assessment conducted using the index method are deepened by cluster analysis. Also, the authors’ methodology allows us to assess not only the actual investment attractiveness of Russian regions, but also assumes the formation of a forecast. At the same time, the above tasks are solved with the help of artificial intelligence. The results of the retrospective assessment showed that in 2019-2022, Moscow and St. Petersburg were the pronounced leaders in the rating of investment attractiveness among the subjects of the Russian Federation. At the bottom of the rating (they did not rise above 71st place) on a regular basis were all the republics from the North Caucasus Federal District, as well as the Republic of Kalmykia and the Republic of Tyva, which are included, respectively, in the Southern Federal District and the Siberian Federal District. Based on the results of the cluster analysis, it can be seen that all Russian regions in 2019-2022 could be organized into three groups characterized by above-average, average and below-average levels of investment attractiveness. The quality of the formed cluster structure has improved over the entire analyzed period of time: the share of subjects of the Russian Federation with above-average investment attractiveness has almost doubled. The results of the (retro and prospective) assessment according to the authors’ methodology allow us to conclude that there are significant reserves for the growth of investment attractiveness of all Russian regions without exception. Based on the decomposition of its results, the leadership of the constituent entities of the Russian Federation will be able to develop measures to improve the effectiveness of the regional investment policy.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>инвестиционная привлекательность</kwd><kwd>регионы России</kwd><kwd>система сбалансированных показателей</kwd><kwd>индексный метод</kwd><kwd>искусственный интеллект</kwd><kwd>кластерный анализ</kwd><kwd>прогнозирование</kwd></kwd-group><kwd-group xml:lang="en"><kwd>investment attractiveness</kwd><kwd>regions of Russia</kwd><kwd>balanced scorecard</kwd><kwd>index method</kwd><kwd>artificial intelligence</kwd><kwd>cluster analysis</kwd><kwd>forecasting</kwd></kwd-group><funding-group><funding-statement xml:lang="ru">Статья подготовлена в рамках научных исследований, выполняемых при финансовой поддержке гранта Российского научного фонда (проект № 23-28-01133) «Моделирование оценки инновационного развития российских регионов с использованием искусственных нейронных сетей в условиях ESG-трансформации». Российский экономический университет имени Г. В. Плеханова</funding-statement><funding-statement xml:lang="en">The article was prepared as part of scientific research carried out with the financial support of a grant from the Russian Science Foundation (project No. 23-28-01133) “Modeling the Assessment of Innovative Development of Russian Regions Using Artificial Neural Networks in the Conditions of ESG Transformation”</funding-statement></funding-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Барабашев А. Г., Макаров А. А., Макаров И. А. О совершенствовании индикативных оценок качества государственного управления. Вопросы государственного и муниципального управления. 2019;(2):7-38.</mixed-citation><mixed-citation xml:lang="en">Barabashev A. G., Makarov A. A., Makarov I. A. On the improvement of indicative quality assessment of public administration. 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