Spatial and Aspectual Optimization of the World Investment Policy for Grain Growing
https://doi.org/10.25205/2542-0429-2020-20-4-176-194
Abstract
The article is devoted to the problems of creating at the international level the optimal investment policy in agricultural production. The problem is solved by means of the “Return-Risk” model, which is based on the basic principles of the portfolio analysis: return, risk and the return-risk ratio. The model is easy to implement and does not require special skills; for important estimates it is necessary and sufficient to use MS
EXCEL Date Mining Add-in. This article analyses the historical data of 2010–2017 by productivity of grain crops in general: corn, wheat, barley and rice in different countries. The time span is 1 year. The source data are exported from knoema.com. The findings are as follows: 1) the leading countries with the most attractive potential investment results have been formed for each sample subgroup promise; 2) the benchmarking quantitative analysis on return, risk and the return-risk ratio revealed both the most investment-attractive crops depending on the investor’s attitude to the acceptable risk level, and the countries where the cultivation will be most profitable; 3) the results of the spatial, aspectual and global optimization afford synthesis of effective decision support investment systems. It is proved that the 3 % increase in risk leads to only 1 % return.
Keywords
grain yield,
return,
risk,
“Return-Risk” model,
investment attractiveness assessment,
portfolio analysis
Supporting agencies: This article was prepared with financial support from the Russian Foundation for Fundamental Research, project No. 20-010-00169 “Formation of models for the strategic development of industrial enterprises with consideration of industry specification, production modernization, competitiveness and innovation influence”
About the Authors
D. Gertsekovich
Irkutsk State University
Russian Federation
Russian Federation
Candidate of Technical Sciences, Associate Professor of the International Institute of Economics and Linguistics
L. Gorbachevskaya
Irkutsk State University
Russian Federation
Russian Federation
Associate Professor
O. Podlinyaev
Irkutsk State University
Russian Federation
Russian Federation
Doctor of Pedagogics, Professor of the Department of Pedagogics
T. Konstantinova
Irkutsk State University
Russian Federation
Russian Federation
Student of the Department of International Institute of Economics and Linguistics
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Review
For citations:
Gertsekovich D., Gorbachevskaya L., Podlinyaev O., Konstantinova T. Spatial and Aspectual Optimization of the World Investment Policy for Grain Growing. World of Economics and Management. 2020;20(4):178-196. (In Russ.) https://doi.org/10.25205/2542-0429-2020-20-4-176-194
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