Abstract and keywords
Abstract (English):
The Republic of Belarus is currently moving on to market relations in pursuit of sustainable development. The level and prospects of regional development, as well as various local problems, directly affect the state of the country’s economy. The research features the socio-economic state of one of the regions of the Republic of Belarus in comparison with other entities. The paper describes a factor analysis of the investment development in the region. The authors analyzed the investment potential of the Vitebsk region, assessed its social and economic development, conducted a multidimensional comparative analysis to characterize its economic and social sphere, and rated its districts. The paper introduces a regression model of the effect of investment on the gross regional product and a map of "points" of social and economic development of the districts, together with possible directions of investment development.

competitive advantage, investment, social and economic development, gross regional product, districts, regression
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