Regional Economic Development in Russia


Book Description

This book gathers selected papers presented at the International Scientific Conference “Economics in the Changing World,” held on June 26-27, 2018 at the Institute of Management, Economics and Finance of Kazan Federal University (Kazan, Russia). The conference featured contributions by leading specialists in the field of management, territorial development, and state, regional and municipal management, covering the modern trends in the development of economic complexes and firms, economics of innovative processes, social policy, financial analysis, and mathematical methods in economic research. The book highlights new approaches for the development of various sectors of the Russian economy and individual markets, as well as for the efficiency of entrepreneurship in general. It also analyzes the concept, meaning and directions of the socio-economic development of the regional subjects in the Russian Federation. The scientific studies included make a significant contribution to the development of entrepreneurship, regional management, rationalization and optimization of resource use, state territorial administration, and sustainable economic growth in the regions and the transport infrastructure.




Tech, Smart Cities, and Regional Development in Contemporary Russia


Book Description

With chapters on FinTech, the cost of technological growth, and innovation risk management, Tech, Smart Cities and Regional Development in Contemporary Russia grapples with ideas about technology and the intertwined issues that Russia faces in the 21st Century.




Economic Opening Up and Growth in Russia


Book Description

After a decade of sharp economic decline, Russia switched to an impressive period of economic growth. Yet the economic record is still mixed, and many key problems remain unresolved, both in the economic sphere and the political system. The focus is on economic dynamics in Russia, reasons for its hesitant opening up process as well as the special role of the natural resources sector which is expected to continue to grow. This analysis highlights the existing deficiencies of the Russian economic system and raises doubts about the sustainability of growth. Twin focus is on required reforms and endogenous forces that impair liberalizing trade and investment in an orderly way. Russian discussions on WTO and other international topics are reflected.




Unleashing Russia's Business Potential


Book Description

Russia needs to continue to assess and improve its business environment in order to ensure continuing investment and sustained growth. Currently many of the new businesses are being established in the larger urban areas but similar new businesses need to develop at the regional level. This book, based on in-depth case studies of more than 70 companies across 13 regions in Russia, examines four areas key to institutional development, and formulates policy recommendations. Topics include: the determinants of inter-enterprise competition and market structure at the local level; the regulatory regime governing the price, supply and access to local infrastructure services; access to corporate finance in regional markets; and the legal system for resolution of commercial disputes.




Exploring the Future of Russia's Economy and Markets


Book Description

Based on the 2017 conference "'New Reality' and Russian Markets" held at Harvard University, this book brings together world-renowned thinkers to offer the latest empirical research on recent financial risks, institutional policies, and financial stability.




Re-Mapping Opportunity


Book Description

In order to understand a country as large and diverse as Russia, it is extremely important to consider spatial patterns of economic development. As Russia looks for new drivers of economic growth, it is important to understand the structural conditions that have defined economic development in Russia's regions. This report uses the Economic Potential Index (EPI) methodology to identify the conditions that drive regional development. Economic potential is the level of productivity that is possible for a region to achieve given its structural endowments, which are characteristics that are hard to alter in the short run. The methodology used in this report combines quantitative analysis of drivers of productivity across regions with in-depth case studies that focus on the role of regional governments and institutions in converting endowments into economic outcomes. This methodology generates insights that are relevant for both national and regional governments. The first chapter of this report provides an overview of regional development in Russia over the last 25 years and identifies “Russia-specific” national structural conditions that may affect regional development. The second chapter discusses the results of an assessment of economic potential at the regional level and the factors that shape it in Russia. The third chapter focuses on the role of national and regional governance, policy, and institutions in promoting economic development of the regions. The final chapter proposes policy priorities for both regional and national authorities.




Is Russia Still Driving Regional Economic Growth?


Book Description

This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian economic growth, and which allows for the effects of Russian growth to vary over time. The paper finds that Russian growth was indeed a significant determinant of regional economic growth prior to the Russian crisis, but that this link weakened significantly thereafter.




Outlook for the Economic Development of Northern Regions of Asian Russia


Book Description

Northern territories in Asian Part of Russia hold significant mineral resource abundance. This region can also be viewed as an outstanding geopolitical and military potential of Russia. On the other hand, economic development here is embarrassed with severe climatic conditions, underpopulation and unavailability of infrastructure. Targeting to proportion costs and benefits of the rising economic activity on the territory we analyze its prospects and challenges. For the central point would be taken intricacies with transport component when running projects of the local deposits deployment. As non-ferrous metals are the most likely to form the essential branch of Northern industry, they will originate substantial material flow in the area. This leads us to the point local transportation lines should be improved by far. Sea carriage is almost exclusive mode of transportation available for the purposes of Arctic littoral regions and furthermore the list expensive. Therefore reinforcement of Northern Sea Route (NSR) plays the vital role in developing of in question regions' economy. Multisectoral multi-regional model allows to link growth of non-ferrous metals complex and progress of sea transport corridor (NSR). Suppose the whole country is oriented for the maximization of public welfare and economic growth rate. In these terms our investigation led to a key-note conclusion: long-term goals of the whole country are attained superior when running active economical policy in the North. The crux is large non-ferrous metals sector companies are ready to enter the area if the government provides substantial financial support for infrastructure improvements. Simultaneously, in our case economic development should not implicate people to settle the territory. Rotation system is implied. All potential resource abundant zones are to be attached to the congruent NSR harbors, thereby regional centers. The system of aqua-territorial industrial complexes is suggested as an efficient form of economic life in Northern regions of Asian Russia.




Resources, Production and Structural Dynamics


Book Description

New approach to the economic theory of resources, showing the positive role that scarcities can play in triggering economic growth.