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.

scholarly journals Why young people leave the Arctic: the results of sociological research

2022 ◽  
Vol 962 (1) ◽  
pp. 012030
Author(s):  
E V Potravnaya ◽  
S V Tishkov
Keyword(s):  
Economic Development ◽  
Young People ◽  
Industrial Development ◽  
Local Population ◽  
The Arctic ◽  
Sociological Research ◽  
Investment Projects ◽  
Mining Companies ◽  
Murmansk Region ◽  
Socio Economic Development

Abstract The article deals with the issues of technogenesis and the evolution of relations with the environment through the example of the industrial development of the Arctic. The economic, environmental, and social aspects of the behavior of the indigenous population, the migration sentiments of the young people in connection with the implementation of investment projects for the development of the territory are analyzed. Particular attention is paid to identifying the relationship between the migration processes and the industrial development of the Arctic, substantiating the participation of mining companies to improve the socio-economic development of the Russian Arctic, and promoting employment. The subject of the study are the economic and social relations, migration attitudes of the local population, and youth, which arise in the process of the industrial development of the territory in the Arctic. Based on the example of conducting sociological surveys of the local population in Taimyr, in the Arctic regions of Yakutia, Karelia, and the Murmansk Region, recommendations are formulated for managing migration processes, promoting employment, income growth, and socio-economic development of the territory within the framework of mining companies’ activities to implement investment projects for the industrial development of the Arctic.

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.

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.

Regional tax initiatives and economic effects of their implementation in regions of the High North.

2021 ◽  
pp. 41-52
Author(s):  
Tatiana I. Barasheva ◽  
Keyword(s):  
Economic Development ◽  
Tax Policy ◽  
Economic Effects ◽  
Economic Consequences ◽  
The Arctic ◽  
Economic Activities ◽  
The North ◽  
Arctic Regions ◽  
Number Of Factors ◽  
Taxation System

Achievement of sustainable development of the Russian regions against the background of continuing crisis phenomena can be ensured by accelerating economic growth. Preconditions for the intensive development of the regions of the Russian Federation should be created by the state. Conducting an efficient tax policy is recognized as an important and necessary factor of success. For regions of the North and the Arctic, characterized by extreme natural conditions complicating economic activities, and demonstrating unequal levels of socio-economic development, solving the problem is most relevant and requires evaluation of the results obtained in the course of implementation of regional tax initiatives. We grouped the North and Arctic regions by degrees of economic activities. Based on the grouping, economic consequences of implementation of the tax policy in the North and Arctic regions were evaluated. It was shown that regional tax initiatives in terms of granting benefits for tax on profit are characterized by varying degrees of activity. As a rule, the highest tax activities are noticed in the regions with high economic potential but they are not always accompanied by expected positive economic effects. It is caused by a number of factors including imperfect taxation system, activities of export-oriented companied, involved in consolidated groups of taxpayers, operating in the North and the Arctic regions, etc. It was also shown that in some regions of the North and the Arctic conducting a moderate tax policy ensures higher effects of the economic development. It was found out that regional tax initiatives estimated by sums of shortfalls in budget revenues due to provision of tax incentives for tax on profit are less significant and cannot compete with the federal ones.

scholarly journals Analysis of the strategies of the Arctic countries and their impact on industrial enterprises

2021 ◽  
pp. 59-71
Author(s):  
Polina A. Andreeva ◽  
Keyword(s):  
Economic Development ◽  
The Arctic ◽  
Economic Systems ◽  
Investment Projects ◽  
Industrial Enterprises ◽  
Socio Economic Development

Subject/topic. The article systematizes and studies the main strategies of the Arctic countries, provides indicators of the socio-economic development of the Arctic territories. The purpose of the work is to analyze and identify the main problems faced by industrial enterprises operating in the Arctic. By collecting data and building visual graphs, conclusions are drawn about the effectiveness and implementation of technologies for the functioning of economic systems, investment projects in the Arctic, as well as strategies of the Arctic countries. Conclusions. The main strategies of the Arctic countries are identified and analyzed. The main problems of industrial enterprises that represent the Arctic economy are identified. The problems of three different sectors are considered: traditional, transfer, corporate.

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