Investment combined with innovation is an essential condition for the growth and development of the socio-economic system. In essence, investments are defined as long-term capital investments in the economy in order to ensure sustainable rates of expanded reproduction. Investments are characterized by the fact that they are always limited, and here it is important to correctly determine the priorities that can maximize the final result. These indisputable priorities include the agro-industrial complex, ensuring the food security of the country. The purpose of the article is determined taking into account the emerging tensions with investment resources of the state, in connection with which it is proposed to intensify the attraction of private investments in the agro-industrial complex, using the experience of economic levers and incentives already approved in the country, aimed at attracting private investments in special economic zones and priority development areas. The analysis of the effectiveness of the special economic zones, including their questioning, conducted by the author and combined with the study of the foreign experience of China and other countries, led to the conclusion about the effectiveness of using the public-private partnership mechanism to attract private investment. The system of economic levers and incentives for attracting investment is proposed in the article.

PurposeThe purpose of the article is to develop a new institutional approach to build the social market economy, which would allow balancing traditions and innovations, stability and technological progress in view of the specifics and priorities of the national economy, based on which regional models of social management will be built. The research study is performed to develop new institutional approach by the example of modern Russia by determining the institutional matrix of social management in economies of the regions that achieved the highest progress in formation of the social market economy.Design/methodology/approachThe authors use the proprietary methodology of evaluating the level of sociality of state management in region's economy, which includes the estimate formula and the scale for qualitative treatment of the results. The research subjects are top ten regions of Russia listed in the quality of life index in the year 2019.FindingsThe authors determine the regression dependence of the sociality index of state management in region's economy on the selected factors and compile the equation of multiple linear regression, as well as determine the optimal influence of the factors on state management of region's economy for increasing its sociality to the maximum level possible.Originality/valueThe specifics of building the social market economy in Russia are determined. Based on the established national peculiarities of the social market economy in Russia, the institutional matrix of social management in the Russian regions' economy is developed and it allows for optimal balance of stability and sustainability with innovations and digitalization.

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The methodological article considers the theoretical and practical aspects of the formation of economic dysfunction in the process of economy's reforming. This article attempts to classify the factors of dysfunctions in detail of basic directions to overcome dysfunctions in economic development. Theory of economic dysfunction is based on the achievements of sociology, biology, physics, chemistry, and is being the result of interdisciplinary research. Consideration of economic dysfunction allows to elaborate the concept of economic development policies and strategies in certain areas of the national economy.