Prioritizing investment areas in the industrial sectors of Lorestan province from the government's perspective .

Document Type : Original Article

Authors

1 Master's degree in Financial Management, Faculty of Management and Strategic Planning, Imam Hossein University, Tehran, Iran

2 Associate Professor, Faculty of Finance and Accounting, University of Tehran, Tehran, Iran

3 Researcher, Faculty of Management and Strategic Planning, Imam Hossein University, Tehran, Iran

Abstract

Investment is a very key variable in any economy, so that without investment, there is no possibility of economic growth for the country. Economists do not agree that capital is the most important factor of production, but they agree that capital is one of the main inputs of production that greatly affects the creation of added value in various sectors. The purpose of this study is to prioritize investment in industrial sectors of Lorestan province for government investors. The research is applied in terms of purpose and is a mixed research in terms of nature. In the qualitative part, the factors affecting investment in different industries were identified, and then in the quantitative part, these factors were ranked, and also, using the fuzzy TOPSIS method, different industries were prioritized based on these factors. The findings showed that due to the existence of many stone mines in this province, the investment priority for the public sector is in the mining industries, oil and petrochemical industries, and stone production. Prioritizing investment in industrial sectors for the public sector can help direct government investments in industrial sectors toward achieving government investment goals and criteria.

Keywords

Main Subjects

References

Alwandizadeh, Asadollah, Nunezhad, Masoud and Jahangiri, Mahshid. (2017). Ranking of investment priorities in economic sectors of Sistan and Baluchestan province, Quarterly Journal of Regional Planning, 9(35), 73-85..(in persian). https://doi:  10.22111/jmr.2015.2310
Abzaari, Mehdi, Samadi, Saeed, Teymouri, Hadi. (2019). Study of factors affecting investment in stocks in the stock exchange (Case study: Isfahan Regional Stock Exchange), Economic Research with an Islamic Approach, 5(10), 137-162. (in persian). https://iee.rihu.ac.ir/article_285.html
Belali, Hamid and Sadeghloo, Heshmat A... and Ghazvineh, Sara. (2015). Prioritizing investment for the development of agricultural processing industries using the Delphi method (case study of Hamadan city), Journal of Rural Research and Planning, 4(1), 150-162. (in persian).
          https://doi: 10.22067/jrrp.v4i9.34997
Behnamian, Mehdi, Shojaei, Abdolnaser, Haji, Gholamali. (2019). Study of factors affecting the growth of private sector investment in Iran, Applied Economic Theories, 7(4), 2(23). (in persian).
         https://doi: 10.22034/ecoj.2021.12286
 Chhimwal, B., Bapat, V., & Gaurav, S. (2021). Investors' preferences and the factors affecting investment in the Indian stock market: an industry view. Managerial Finance, 47(5), 723-744. https://www.emerald.com/insight/content/doi/10.1108/mf-12-2019-0603/full/html
Chang, H. J., & Andreoni, A. (2020). Industrial policy in the 21st century. Development and Change, 51(2), 324-351.
 https://doi.org/10.1111/dech.12570
Cooper, R., Baird, M., Foley, M., & Oxenbridge, S. (2021). Normative collusion in the industry ecosystem: Explaining women’s career pathways and outcomes in investment management. Human Relations, 74(11), 1916-1941.
         https://doi.org/10.1177/0018726720942826
Cordano, A. L. V., & Zevallos, R. P. (2021). Country competitiveness and investment allocation in the mining industry: A survey of the literature and new empirical evidence. Resources Policy, 73, 102136.
        https://doi.org/10.1016/j.resourpol.2021.102136
Falahati, Ali, Mohanetfar, Yousef, Sepahban Ghareh Baba, Mohanet. (2018). The relationship between increasing public and private sector investment and economic growth in Iran, 6(23), 456-477. (in persian).
        https://doi :10.32598/JMSP.6.3.456
kazemi A, Beik M, Hadian E, Hakimi F.(2014). Investigating and Ranking the Factors Affecting the Foreign Investment Opportunities by TOPSIS . qjfep; 1 (4) :45-72. https://www.sid.ir/paper/491999/fa
Hosseini, Yousef and Jamshidi Navid, Babak and Khairollahi, Farshid and Rasouli Azad, Morad (2013). Psychological and emotional symptoms in various investment orientations of Tehran Stock Exchange; A study based on Pompeian theory, 10th International Conference on Economics and Management, Rasht. (in persian).
          https://doi : 10.22034/cbsj.2023.62916
Hashemi Dizaj, Abdolrahim, Sabouri, Ismail. (2011). Determining industrial investment priorities in Gilan Province, Quarterly Journal of Economic Modeling, 6 (17), 127-146. (in persian). https://www.sid.ir/paper/176218/fa
Hosseini, Mir Abdollah and Amir Ahmadian, Bahram, 2013, Identifying opportunities and priorities for high-tech industrial investment based on serious geography and land planning, International Conference on Investment Opportunities in Tabriz, Tabriz. (in persian).
          https://civilica.com/doc/1972389
Jahangiri, Ali and Nasiri, Mohammad. (2007). Investigating and determining the country's industrial investment priorities using taxonomy techniques, Journal of Humanities and Social Sciences, 7(25 (Special Management), 53-72. (in persian). https://jem.journals.umz.ac.ir/article_221.html
Nouri, Faramarz, Hosseini, Seyed Samad. (1403). Pathology of implementing innovation and technology ecosystem policies in line with the development of provincial investments, Specialized Quarterly Journal of Transcendental Governance, 4(4), 81-103. (in persian). https://hm.sndu.ac.ir/article_2883.html
Nadheed, Ebrahim, Ebrahimi, Mehrzad. (2010). Determining industrial investment priorities in Hormozgan province, Economic Studies, 1(1), 79(105). (in persian). https://journals.iau.ir/article_517325.html
Sadeghian, Seyed Hamid Reza and Mousavi, Seyed Asghar. (2017). Determining investment priorities in Isfahan province using the TOPSIS method, 10th International Conference on Economics and Management, Rasht. (in persian). https://civilica.com/doc/650251
Sabzevari, Amir Hooshang and Shadabi, Reza.(2014). Identifying and analyzing risks associated with investing in emerging technologies and providing solutions for managing these risks . (in persian).
        https://civilica.com/doc/2138150/
Sajjadpour, Rahman and Taherinia, Masoud and Rashidi, Mohsen and Sheikhi, Hadi, (2015), Investigation and prioritization of investment attraction factors in Lorestan Province, International Conference on Investment Opportunities in Lorestan Province, Khorramabad . (in persian). https://fbarj.ihu.ac.ir/article_209224.html
Ruiz, M. C., Romero, E., Pérez, M. A., & Fernández, I. (2012). Development and application of a multi-criteria spatial decision support system for planning sustainable industrial areas in Northern Spain. Automation in Construction, 22, 320-333.
          https://doi.org/10.1016/j.autcon.2011.09.009
Rezaei, Mehdi, Heydari, Khalil, Yaghoubi, Parisa (2017). Identifying industrial investment priorities in Iran with emphasis on value added growth, Economic Modeling, 11(2), 112-132. (in persian).
         https://sanad.iau.ir/journal/eco/Article/596528?jid=596528
Budget and Finance Strategic Research
Volume 6, Issue 2 - Serial Number 22
Summer Quarterly
May 2025
Pages 121-140

Files

History

  • Receive Date: 11 March 2025
  • Revise Date: 12 May 2025
  • Accept Date: 27 May 2025

Share

How to cite

Statistics