scholarly journals FORECASTING THE SOCIO-ECONOMIC DEVELOPMENT OF THE ARCTIC REGIONS

2021 ◽  
Vol 1 (№7 2021) ◽  
pp. 4-9
Author(s):  
N.N. Gagiev ◽  
A.A. Shestakova
Keyword(s):  
Economic Development ◽  
The Arctic ◽  
Arctic Regions ◽  
Socio Economic Development

scholarly journals The role of extractive industries in developing peripheral Arctic regions of Russia and Canada

2021 ◽  
Vol 37 (2) ◽  
pp. 241-271
Author(s):  
Elena Efimova ◽  
◽  
Daria Gritsenko ◽  
Keyword(s):  
Economic Development ◽  
Natural Resources ◽  
Russian Federation ◽  
Regional Economy ◽  
Canadian Arctic ◽  
The Arctic ◽  
Extractive Industry ◽  
Arctic Regions ◽  
Socio Economic Development ◽  
Regions Of Russia

Russian Federation and Canada are the largest arctic powers that have similar features in evolving their Arctic zones. In the mid-1920s both countries formalized their rights to the northern territories. Russian and Canadian arctic regions are located in harsh climatic zones,geographically distant from national political and business centers, poorly populated, and rich in natural resources. At the same time, there are obvious differences in political institutions,“core-periphery” relationships, business organization, and social activities of aboriginal people and newcomers. The purpose of this study is a comparative evaluation how the rich resource base and industrial production impact on the socio-economic development of the Arctic regions of Russia and Canada. To reach the goal authors use the official statistical sources of the Russian Federation and Canada. Case study method, comparative analysis, and econometric calculations are applied. As a result similar and distinctive features of the industrial development of the Arctic regions of these countries were identified. It can be explained, first of all, by the institutional characteristics of Russia and Canada. Comparing an evidence of the leading extractive companies completed the empirical analysis. Authors concluded that the regions under consideration are characterized by a high or medium share of the extractive industry in the regional economy. Specialization in natural resources extraction and primary processing does not have a negative impact on the economic development of the territories. However, outer companies are engaged in this business that increases the dependence of the regional economy on the conjuncture of world markets. The article investigates in empirical studying common features of the extractive industry in the peripheral Russian and Canadian Arctic territories and its impact on the socio-economic development of these regions.

Creation of new business value as an indicator of the socio-economic potential use: Evidence from the Arctic Zone regions of the Russian Federation

2020 ◽  
Vol 18 (7) ◽  
pp. 1286-1303
Author(s):  
D.S. Krapivin
Keyword(s):  
Economic Development ◽  
Arctic Region ◽  
Assessment Method ◽  
The Arctic ◽  
Expert Assessment ◽  
Polar Regions ◽  
Russian Arctic ◽  
Arctic Regions ◽  
Socio Economic Development ◽  
The Impact

Subject. This article explores the impact of the creation of new value (construction) on the socio-economic system of the Russian Arctic regions. Objectives. The article aims to assess the utilization of the socio-economic development capacity of the Russian Arctic regions. Methods. For the study, I used the methods of business and statistical analyses, observation, measurement, comparison, and the expert assessment method. Results. The article presents certain results of an analysis of the impact of new value creation on economic performance and analysis of the industry structure for creating such value for each particular Russian Arctic region. Conclusions. The Russian Arctic regions are characterized by significant uneven regional development. The Yamalo-Nenets Autonomous Okrug has optimal conditions for socio-economic development and the greatest investment attractiveness among the other Russian polar regions.

scholarly journals ECONOMIC ACTIVITIES IN THE MURMANSK REGION:MANIFESTATION SPECIFICS AND OPTIMIZATION TERMS

2020 ◽  
Vol 68 (2/2020) ◽  
pp. 49-63
Author(s):  
E. A. Bazhutova ◽  
Keyword(s):  
Economic Development ◽  
Geographical Location ◽  
The Arctic ◽  
Economic Activities ◽  
Investment Projects ◽  
Arctic Regions ◽  
Murmansk Region ◽  
Socio Economic Development ◽  
Development Goals ◽  
Sustainable Regional Development

The key role of economic activities is in ensuring development and growth of both national and regional economies. Under the modern conditions, the prospects for development of the Arctic regions of the Russian Federation are associated with implementation of large investment projects, which should give an “impetus” to development of adjacent sectors and Arctic regions, i.e. implementation of these projects should be ensured by concentration of economic activities and their further spread. Basing on previous research, it was found out that economic activities in the Murmansk region are characterized by the critically low level of manifestation and non-static type of prevailing economic activities of businesses and the state. At the same time, the region has a significant potential for development caused by its economic and geographical location, unique natural resources and sufficiently developed infrastructure compared to other Russian regions of the Arctic. This paradox determines the risks of implementing the planned “megaprojects” in the region, and is conditioned by the peculiarities of socio-economic development of the region. Identification of the factors of socio-economic development of the Murmansk region, which determine its uniqueness, will be the basis for making recommendations for sustainable development of the region, contributing to resolution of the existing contradictions. The article analyzes and systematizes the factors of the socio-economic development of the region, which determine the manifestation specifics of economic activities in the region. Analysis, synthesis, comparison and grouping were used as methods. As a result, the author’s classification of factors of socio-economic development was proposed, which can become the basis for developing a strategy for optimizing the economic activities in the region adequate to its conditions. At the same time, the optimization of economic activities will mean achievement of such proportions in the regional economy in terms of the intensity of their manifestation by economic entities of different forms of ownership, which will contribute to achievement of sustainable regional development goals by influencing the behavior of economic entities.

The Northern Sea Route as a Tool of Arctic Development

2019 ◽  
pp. 21-44
Author(s):  
Ju.V. Zvorykina ◽  
K.S. Teteryatnikov
Keyword(s):  
Economic Development ◽  
Oil And Gas ◽  
The Arctic ◽  
Arctic Zone ◽  
Investment Projects ◽  
Northern Sea Route ◽  
Important Region ◽  
Socio Economic Development ◽  
Asian Pacific ◽  
Simplified Procedure

The article is devoted to the analysis of the role of the Northern Sea Route (NSR) in the socio-economic development of the Arctic zone of Russia. The authors believe that climate change, gradually leading to the melting of polar ice, opens up new opportunities for the development of Arctic resources and navigation in the seas of the Arctic Ocean. Of particular interest to the NSR are non-Arctic countries, critically dependent on the supply of foreign mineral and carbon resources, as well as on the export of their goods to Europe. Among them, China stands out, considering the NSR as the Arctic Blue Economic Corridor as part of the global Silk Road system. The NSR is intended to become an essential tool for further development of the Arctic zone of Russia. Development of port infrastructure and creation of a modern ocean and maritime fleet will accelerate the pace of socio-economic development of this strategically important region. To do this, it is necessary to adopt a federal law on special system of preferences for investors, including foreign ones, implementing their projects in the Arctic. Among such preferences there are preferential profit tax rates, reduction in Mineral Extraction Tax (MET) rates, a declarative procedure for VAT refunds, a simplified procedure for granting land plots and unchanged conditions for the implementation of investment projects. In addition, it is important to make the NSR safe and profitable both in terms of quality of service and of price for the shippers. In particular, the payment for icebreakers’ escort of vessels should be competitive and reasonable. The largest Russian private and state-owned companies should be involved into Arctic projects. It is important to synchronize the Arctic oil and gas projects with nuclear and LNG icebreakers’ construction, as well as with the launch of two logistics hubs in Murmansk and Kamchatka. In this case, year-round NSR navigation will be organized, which will ensure the high competitiveness of Russian products supplied to the Asian Pacific markets.

Socio-economic development scenarios of the White Sea regions.

2021 ◽  
pp. 52-69
Author(s):  
Anna E. Kurilo ◽  
◽  
Pavel V. Druzhinin ◽  
Keyword(s):  
Economic Development ◽  
Catchment Area ◽  
White Sea ◽  
The Arctic ◽  
Arctic Zone ◽  
The White Sea ◽  
Development Scenarios ◽  
Arctic Regions ◽  
Macroeconomic Indicators ◽  
Scenario Approach

In the process of creating a national system of strategic planning and within the framework of normative economics, the scenario approach provides opportunities for constructing goals and directions of socio-economic territories development. Being a planning tool the scenario approach allows forming the directions of regional development. These processes take particular relevance for the regions of our country that are the parts of the Arctic zone, especially in increased interest and attention to these territories resources from other external agents. The main aim of this paper is to elaborate development scenarios for the regions, which are fully or partially included in the Arctic zone and the White Sea catchment area. Based on the dynamics analysis of the main macroeconomic indicators and development trends for 1990–2019, the dependence of indicators for forecasting socio-environmental and economic development of these regions, was built. We applied scenario approach to describe possible development scenarios of Arctic regions in the White Sea catchment area. The novelty of the work is the construction of matrix of development scenarios of the Arctic regions, united by belonging to the White Sea catchment area. The analysis results of macroeconomic indicators for three elements of sustainable development show that the regions have rather weak economic development, stagnation of social indicators and difficult environmental situation. We outlined the problems constraining the development of Arctic regions in the White Sea catchment area and the directions to their solutions. To reach the trajectory of sustainable development is possible under condition of coordination and implementation of the measures taken by the state and regional authorities. This scenario of development strategy according to the innovation trajectory will allow to consolidate activity of federal, regional and municipal authorities of these territories. The integrated development program of the Arctic regions in the White Sea catchment area can be a coordinating platform.

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