INVESTMENT PROJECTS IDENTIFICATION AND SELECTION FOR SUSTAINABLE SOCIO-ECONOMIC DEVELOPMENT IN THE REPUBLIC OF MOLDOVA

Abstract

The process of socio-economic development of states in XXI century is focused on specific of sustainable development. Currently in Moldova it is realized through economic, social, infrastructure and other projects at different scales. These projects require major resources, but, given the limited nature of the resources, decisionmakers always have to choose the most feasible and the most effective ideas of projects. For such a selection there is a number of criteria / indicators: internal rate of return, payback period, actuarial indicators, etc. In addition to these criteria, the authors propose to use in selection of investment projects economical-mathematical model that takes into account the restrictions prior to the project and its impact by various stakeholders (people involved in the designing and implementation of the project and the direct and indirect beneficiaries of the project).

Keywords

• Investment projects
• Sustainable development
• Selection criteria
• Economical restrictions
• Economic-mathematical modelling