Prospects for modernization of regional economies in remote regions of Far North‐East Russia
Abstract As Russia transitioned to market relations with its Far North‐East 1 region, its industrial production declined sharply, the share of federal subsidies reached 50–70% of regional budget revenues, and the population declined by more than 60% since 1990. The results of our study show that, al...
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crwiley:10.1111/rsp3.12288 2023-12-03T10:17:48+01:00 Prospects for modernization of regional economies in remote regions of Far North‐East Russia Galtseva, Natalya V. Favstritskaya, Oksana S. Sharypova, Olga A. 2020 http://dx.doi.org/10.1111/rsp3.12288 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Frsp3.12288 https://onlinelibrary.wiley.com/doi/pdf/10.1111/rsp3.12288 https://onlinelibrary.wiley.com/doi/full-xml/10.1111/rsp3.12288 en eng Wiley http://onlinelibrary.wiley.com/termsAndConditions#vor Regional Science Policy & Practice volume 14, issue 1, page 27-47 ISSN 1757-7802 1757-7802 Management, Monitoring, Policy and Law Development Geography, Planning and Development journal-article 2020 crwiley https://doi.org/10.1111/rsp3.12288 2023-11-09T14:33:55Z Abstract As Russia transitioned to market relations with its Far North‐East 1 region, its industrial production declined sharply, the share of federal subsidies reached 50–70% of regional budget revenues, and the population declined by more than 60% since 1990. The results of our study show that, along with changes in external economic conditions, the reasons for this transformation are the various peculiarities of the northern and Arctic regional economy, including mono‐specialization on gold mining, depletion of basic assets, increased costs, lack of infrastructure, and reduction in standard of living. We propose to change the trajectory of regional development through modernization of the economy. To this end, directions and institutional conditions of diversification of extracted resources and measures to improve the standard of living of the population are identified. Efficiency of the implementation of the new investment projects is also calculated. Article in Journal/Newspaper Arctic Wiley Online Library (via Crossref) Arctic Regional Science Policy & Practice 14 1 27 47 |
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Open Polar |
collection |
Wiley Online Library (via Crossref) |
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crwiley |
language |
English |
topic |
Management, Monitoring, Policy and Law Development Geography, Planning and Development |
spellingShingle |
Management, Monitoring, Policy and Law Development Geography, Planning and Development Galtseva, Natalya V. Favstritskaya, Oksana S. Sharypova, Olga A. Prospects for modernization of regional economies in remote regions of Far North‐East Russia |
topic_facet |
Management, Monitoring, Policy and Law Development Geography, Planning and Development |
description |
Abstract As Russia transitioned to market relations with its Far North‐East 1 region, its industrial production declined sharply, the share of federal subsidies reached 50–70% of regional budget revenues, and the population declined by more than 60% since 1990. The results of our study show that, along with changes in external economic conditions, the reasons for this transformation are the various peculiarities of the northern and Arctic regional economy, including mono‐specialization on gold mining, depletion of basic assets, increased costs, lack of infrastructure, and reduction in standard of living. We propose to change the trajectory of regional development through modernization of the economy. To this end, directions and institutional conditions of diversification of extracted resources and measures to improve the standard of living of the population are identified. Efficiency of the implementation of the new investment projects is also calculated. |
format |
Article in Journal/Newspaper |
author |
Galtseva, Natalya V. Favstritskaya, Oksana S. Sharypova, Olga A. |
author_facet |
Galtseva, Natalya V. Favstritskaya, Oksana S. Sharypova, Olga A. |
author_sort |
Galtseva, Natalya V. |
title |
Prospects for modernization of regional economies in remote regions of Far North‐East Russia |
title_short |
Prospects for modernization of regional economies in remote regions of Far North‐East Russia |
title_full |
Prospects for modernization of regional economies in remote regions of Far North‐East Russia |
title_fullStr |
Prospects for modernization of regional economies in remote regions of Far North‐East Russia |
title_full_unstemmed |
Prospects for modernization of regional economies in remote regions of Far North‐East Russia |
title_sort |
prospects for modernization of regional economies in remote regions of far north‐east russia |
publisher |
Wiley |
publishDate |
2020 |
url |
http://dx.doi.org/10.1111/rsp3.12288 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Frsp3.12288 https://onlinelibrary.wiley.com/doi/pdf/10.1111/rsp3.12288 https://onlinelibrary.wiley.com/doi/full-xml/10.1111/rsp3.12288 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic |
genre_facet |
Arctic |
op_source |
Regional Science Policy & Practice volume 14, issue 1, page 27-47 ISSN 1757-7802 1757-7802 |
op_rights |
http://onlinelibrary.wiley.com/termsAndConditions#vor |
op_doi |
https://doi.org/10.1111/rsp3.12288 |
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Regional Science Policy & Practice |
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14 |
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1 |
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27 |
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47 |
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1784264746806018048 |