research of the role of investment risk and implements innovations. It is well known that the interdependence between risk and … profit, but there is a strong interrelationship between the risk of investment and innovative development of the country. In … this article, the most important features of innovation for economic growth, as well as the direction of its investment …

authority is exercised, and using as a proxy a measure of the investment risk by region, this paper contributes to the … conditions for all individuals who are still capable of working, and to improve the investment climate in the region leading to a … higher level of investment in fixed assets. Our results implicitly suggest that effective governance comprises the tangible …