Improving the Factor Efficiency of Machinery in the Regions of the Russian Federation

The article has presented the results of research conducted to evaluate the influence of investment and innovation factors on the development of machinery in the regions of the Russian Federation. The research uses unique methods of assessing the innovative component of investment activity and the effectiveness of innovations. They have been used to perform quantitative evaluations of investment effectiveness and innovation activities in regions with the developed machinery industry, as well as the evaluation of the influence of innovation and investment factors on production indicators and foreign economic activity in these regions. The obtained results have shown that the innovative and investment activities in the majority of regions have a significant impact on the competitiveness of the output in machinery industry and potential of the regional exports. The regional machinery production behavior has been forecasted based on this.