To Improve Ratings or Institutions?

Abstract

International investment ratings are an important tool for benchmarking and assessing the risks of doing business. However, in recent years, the extent of correspondence of the rating and expertises to the reality is increasingly getting questioned, and the ratings politicization is noted by the majority of international experts. The aim of the article is to assess the impact of changes in the countrys position according to components that are rated for Doing Business on the indicators that characterize the level of investment activity in both developed and developing countries, as well as to identify the characteristics of the Tyumen regions innovation climate and to develop the practical recommendations for stimulating the innovation climate at the present stage. The article substantiates the need for institutional changes to increase the attractiveness of the investment climate and to create a favorable business environment in the region.