A structure of a comprehensive system of investment instruments for regional development is proposed, including five components: the system of investment instruments, conceptual, legislative and regulatory, and financial support, as well as systems for monitoring and evaluating effectiveness. The system is based on a three-level hierarchy: national, regional, and subregional levels. A concept of the mechanism of state management of investments in regional development is substantiated, the core of which is the mechanism for implementing regional development agreements and complementary investment instruments. Economic, social, and environmental objectives of the mechanism are identified. Its functioning is based on the principles of subsidiarity, effectiveness, complementarity, and consistency with development strategies, taking into account decentralization processes and international experience.
Goryachuk et al. (Wed,) studied this question.