Financial Systems and economic Development in the Russian Regions: A Comparative Analysis

2015 ◽  
pp. 94-108 ◽  
Author(s):  
K. Krinichansky
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Financial Development ◽  
Public Debt ◽  
Fixed Capital ◽  
Russian Regions ◽  
Growth Mechanisms ◽  
Financial Systems ◽  
Debt Market ◽  
Regions Of Russia

The paper identifies and assesses the closeness of the connection between incremental indicators of the financial development in the regions of Russia with the incremental regional GDP and the investment in fixed capital. It is shown that the positioning of the region as an independent participant of public debt market matters: the regional GDP and investment in fixed capital grow more rapidly in the regions which are regularly borrowing on the sub-federal bonds market. The paper also demonstrates that the poorly developed financial system in some regions have caused the imperfection of the growth mechanisms since the economy is not able to use the financial system’s functions.

Formation of the consumer economy in Russia

10.12737/2200 ◽  
2014 ◽  
Vol 3 (4) ◽  
pp. 167-174
Author(s):  
Аракелова ◽  
Irina Arakelova
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Manufacturing Industry ◽  
Russian Regions ◽  
Consumer Market ◽  
Final Consumption ◽  
Social And Economic Development ◽  
The World ◽  
Consumer Economy ◽  
Different Levels

The paper presents the analysis of the situation on the Russian consumer market. Tendencies and prospects of the domestic manufacturing industry as a source of forma-tion and development of a consumer economy in Russia are considered. In the article the author provides a comparative analysis of final consumption in Russia and other countries of the world and comes to the following conclusions. In Russia, there is a potential for the formation of consumer economy. But different levels of social and economic development of Russian regions are restriction for the formation of a consumer economy in it.

scholarly journals Finance and growth nexus: An international analysis across cities

Urban Studies ◽  
2020 ◽  
Vol 58 (1) ◽  
pp. 223-242 ◽  
Author(s):  
Stefanos Ioannou ◽  
Dariusz Wójcik
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Development ◽  
Metropolitan Areas ◽  
Financial Systems ◽  
Financial Centre ◽  
National Economies ◽  
The Relationship ◽  
Stages Of Economic Development

We examine the relationship between finance and economic growth in the metropolitan areas of 75 countries at various stages of economic development in the period 2001–2015. Our analysis demonstrates an inverted-U shaped relationship between finance and growth. This relationship becomes even more significant in the areas of a country outside its largest financial centre, indicating that while these areas can benefit from financial development, they are also the most vulnerable. We show that large financial centres can have an impact on growth across their national economies, but in doing so they complement rather than replace local financial centres. Overall, our results highlight the risks associated with the excesses of financial development and lend evidence to support calls for more decentralised financial systems.

Approaches to Assessing the Strategic Sustainability of Large, Medium, and Small Enterprises in the Depressed Regions of Russia

2019 ◽  
pp. 25-38
Author(s):  
Yu. V. Kuznetsov ◽  
E. M. Anokhina ◽  
E. V. Melyakova
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Regional Economic Development ◽  
Small Enterprises ◽  
Russian Regions ◽  
Regional Economic ◽  
The Russian Federation ◽  
Depressed Regions ◽  
Medium And Small Enterprises ◽  
Regions Of Russia

The presented study examines the results of the assessment of the strategic sustainability of the complex of large, medium, and small enterprises in Russian regions. The specific features and parameters of the complex of enterprises in the depressed regions of the Russian Federation are identified. The hypothesis about the dependence of the economic indicators of regional development on the strategic sustainability of enterprises operating in the region is confirmed. Directions for applying the results of this study to boost the economies of the depressed Russian regions by improving the management of the complex of enterprises are proposed. Aim. The study aims to analyze the methodological approaches to assessment proposed by the authors as well as the strategic sustainability of large, medium, and small enterprises in the depressed regions of Russia.Tasks. The authors develop a methodology for analyzing the strategic sustainability of the complex of large, medium, and small enterprises in Russian regions as a crucial factor of regional economic growth; identify specific features in the development of this complex in the depressed regions of Russia by calculating an integrated index for performance assessment – index of strategic sustainability of the complex of enterprises in the region; determine the sustainability parameters of the complex of enterprises in the constituent entities of the Russian Federation based on the developed system of indicators. According to the results of the study, the authors characterize directions for improving the management of the complex of large, medium, and small enterprises.Methods. The theoretical and methodological basis of the study comprises theories and concepts of the role of enterprises and entrepreneurship in regional economic development, allowing the authors to propose definitions for the concepts of ‘strategic sustainability of the complex of enterprises in the region’ and ‘regional profit center’. This study also uses general scientific methods: analysis and synthesis, comparative and statistical analysis, systematization, calculation of an integrated index, cluster analysis, and correlation analysis. The calculations are based on the data of the Russian Federal State Statistics Service, Russian Federal Tax Service, and SPARK database by Interfax.Results. The study shows that the complex of enterprises in depressive regions is not strategically stable. In comparison with regions where the socio-economic development rate is higher, the depressed regions of the Russian Federation have a significantly lower proportion of large business enterprises, lower labor productivity and innovative activity of enterprises, less favorable demography of enterprises, much lower share and growth rate of corporate income taxes in the total tax revenues of the region, and other indicators pertaining to the analysis of activity of enterprises. This confirms the hypothesis of the dependence of regional economic development on the business structure of the region and makes it possible to propose ways of improving the management of strategic sustainability of enterprises in depressed regions for federal and regional authorities.Conclusions. The complex of large, medium, and small enterprises in depressed regions is characterized by low and extremely low sustainability parameters, which affects the economic and social development of the regions. Many key indicators of the development of depressed regions over the past 30 years have values below 50 % of the average level in Russia. Improvement of the management of development of depressed regions should focus on enhancing government support tools that facilitate the development of the complex of enterprises in the regions. The management of sustainability of the complex of enterprises in a region should be integrated into the strategic management system at the federal and regional level.

Management priorities of social and economic development of the russian regions

2016 ◽  
Vol 5 (2) ◽  
pp. 51-54 ◽  
Author(s):  
Пчела ◽  
A. Pchela
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Russian Regions ◽  
Effective Management ◽  
Social And Economic Development ◽  
Its Regions ◽  
Socio Economic Development ◽  
The Russian Federation ◽  
Management Priorities ◽  
Regions Of Russia

The article discusses management priorities of socio-economic development of the regions of Russia in accordance with the Concept «Strategy of socio-economic development of the regions of the Russian Federation». The conclusion is made about the importance of the choice of effective management priorities of socio-economic development of the country regions in implementing the strategy of socio-economic development of its regions.

scholarly journals Scenario modelling of the impact of the dynamics of public debt on the gross regional product of Russian regions

2021 ◽  
Vol 25 (6) ◽  
pp. 68-84
Author(s):  
I. V. Naumov ◽  
N. L. Nikulina
Keyword(s):  
Economic Development ◽  
Regression Analysis ◽  
Public Debt ◽  
Methodological Approach ◽  
Panel Regression ◽  
Gross Regional Product ◽  
Russian Regions ◽  
The Public ◽  
Socio Economic Development ◽  
Regional Product

The subject of this research is public debt and its impact on the dynamics of the gross regional product (GRP) of Russian regions. The aim of the paper is to study and scenario forecast the dynamics of changes in the internal public debt of Russian regions and model its impact on the gross regional product. The relevance of the study is due to the fact that most regions in Russia are forced to increase their internal public debt to cover the budget deficit and attract additional resources to solve important problems of socio-economic development and implement strategic projects and programs. The scientific novelty of the research consists in the development of a methodological approach to modelling and scenario forecasting of the level of GRP of different groups of regions, taking into account the dynamics of changes in their public debt using ARIMA modelling methods and panel regression analysis. The authors apply the methods of panel regression analysis and ARIMA modelling. The authors theoretically substantiated that public debt has a different effect on the GRP of Russian regions, grouped the regions according to the identified trends in the dynamics of public debt (the first group — regions with the dynamics of debt reduction over the period from 2005 to 2019, the second group — with the all-Russian trend of debt reduction since 2017, and the third group — with the dynamics of increasing debt over the period under review); developed a methodological approach to modelling and scenario forecasting of the GRP level of the Russian regions, taking into account the dynamics of changes in their public debt; carried out ARIMA forecasting of the dynamics of the public debt of different groups of regions and built regression models of the influence of the dynamics of the public debt on the GRP of Russian regions within the selected groups; formed forecast scenarios for changes of the GRP level of regions, taking into account the identified dynamics of transformation of their internal public debt. Conclusions: public debt has a negative impact on the dynamics of the GRP of Moscow and the Moscow region and a positive effect on the dynamics of the GRP of the regions of the second and third groups. The findings of the study may be used by the federal and regional executive authorities to find ways to reduce public debt and increase the level of socio-economic development of territories.

POTENTIAL AND PROSPECTS FOR THE DEVELOPMENT OF THE DIGITAL ECONOMY OF RUSSIAN REGIONS

2021 ◽  
Vol 2 (6) ◽  
pp. 73-78
Author(s):  
A. A. ABDULLAYEVA ◽  
◽  
T. G. MAKHMUDOV ◽  
M. A. IVANENKO ◽  
◽  
...  
Keyword(s):  
Comparative Analysis ◽  
Social Development ◽  
Russian Federation ◽  
Digital Economy ◽  
Russian Regions ◽  
The Russian Federation ◽  
Life Education ◽  
Moscow School ◽  
Regions Of Russia

The article examines the potential and prospects for the development of the digital economy of the re-gions of the Russian Federation. The process of digitalization is one of the most important drivers of both economic and social development of the regions, which is the relevance of this topic. Modern digital technol-ogies affect and actively improve most of the spheres of life: education, trade, production, and much more. As a result of the research, the main ways of development of the digital economy of the Russian Federation were studied, the level of digitalization of its subjects was determined through the prism of open sources on the basis of the new author's methodology of the Moscow School of Management «Skolkovo». The authors made a comparative analysis of the level of digitalization of various regions of Russia, as well as recommen-dations for the development of the digital economy of the country and its subjects.

scholarly journals Examining the Relationship between Financial Development and Economic Development

2014 ◽  
Vol 1 (1) ◽  
Author(s):  
K. V. Bhanu Murthy
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Development ◽  
Principal Component ◽  
The Other ◽  
Financing Constraints ◽  
Regression Equations ◽  
External Financing ◽  
Financial Systems ◽  
The Relationship

Relationship between financial development and economic growth is a long-debated issue. The objective of this study is to determine if a relationship exists between financial development and economic growth. Better functioning financial systems ease the external financing constraints that impede firm and industrial expansion. On the other hand, changes in economic activity and economic growth can influence financial systems. With the help of Principal Component Analysis, we develop two indices - one for ‘financial development’ and the other for ‘economic development’. Through a set regression equations, we find that the elasticity of ‘financial development’ with respect to ‘economic development is 0.37 and elasticity of ‘economic development’ with respect to ‘financial development’ is 1.69. The gains from financial development are much greater.

DYNAMICS OF GRP PER CAPITA DIFFERENCES BETWEEN THE BORDER REGIONS OF RUSSIA AND FINLAND

2020 ◽  
Vol 11 (3) ◽  
pp. 66-73
Author(s):  
Marina V. Moroshkina
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Regional Development ◽  
Geographical Location ◽  
Economic Indicators ◽  
Border Regions ◽  
Interregional Differentiation ◽  
Per Capita ◽  
Border Areas ◽  
Regions Of Russia

The article analyzes the dynamics of interregional differences in the border regions of Russia and Finland. Border regions have advantages related to their geographical location, which results in a wider range of foreign economic relations with other countries of the world community due to the transport accessibility of the territory. The aim of the research is to provide a better understanding of the geographical location of the area. The aim is to study the economic development of the neighbouring countries' border areas (the economies of Russia and Finland are covered in this article). The object of the research is the border regions of Russia and Finland, and the subject of the research is the level of interregional differentiation of these border areas. The study of interregional differences is carried out when applying the tools used in modeling σ and β-convergence based on the calculation of the coefficient of variation. The indicator for comparative analysis of interregional differentiation of border regions is the dynamics of GRP per capita. In the current study the indicators of regional development of different national economies are considered. Socio-economic indicators in statistical collections are presented in different units of measurement. In order to carry out a comparative analysis of the economic indicators under study, the indicators were compared to a single unit of account. The process of comparing economic indicators was carried out using the dynamics of changes in the average exchange rate of the euro to the ruble. The analysis of σ- and β-convergence carried out as a result of the study has determined different dynamics of regional development, which is characterized by a slow decrease in the interregional differentiation. As a result of this trend, we can talk about the process of convergence of levels of economic development of border regions in the long run.

Sign in / Sign up

Export Citation Format

Share Document