The Methodological Approach to Multi-dimensional Classification of Regions by Investment Potential

Abstract

This article deals with the issues on classification of territories in terms of investment potential from the point of view of foreign investors. The cluster analysis approach is being used. In contemporary regional studies, this issue is covered by a sufficiently large number of scientific papers devoted to problems of development of the investment potential of the territories of the Russian Federation, which confirms the relevance and debatability of this problem. Current article raises questions on the use of hierarchical and non-hierarchical methods. The advantages and disadvantages of these methods are analyzed. The authors come out with a proposal of an integrated approach for classification purposes.

DOI: 10.5901/mjss.2015.v6n6s7p194