Structural changes in the economy of the Russian North-West regions: institutional factor
Balancing out uneven regional development and territorial disparities is an urgent task. Solving it requires considering the geo-economic features of various parts of Russia’s spatially structured territory. This study aims to describe trends in the economic space transformation and structural chang...
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ftssoar:oai:gesis.izsoz.de:document/79071 2023-05-15T15:23:59+02:00 Structural changes in the economy of the Russian North-West regions: institutional factor Tolstoguzov, O. 2022-05-10T07:36:47Z https://www.ssoar.info/ssoar/handle/document/79071 http://nbn-resolving.org/urn:nbn:de:0168-ssoar-79071-0 https://doi.org/10.5922/2079-8555-2022-1-4 unknown RUS 2310-0524 https://www.ssoar.info/ssoar/handle/document/79071 http://nbn-resolving.org/urn:nbn:de:0168-ssoar-79071-0 https://doi.org/10.5922/2079-8555-2022-1-4 Creative Commons - Namensnennung 4.0 Creative Commons - Attribution 4.0 CC-BY Baltic Region 14 1 56-74 Wirtschaft Economics economic space institution transaction economic rent investment Volkswirtschaftstheorie National Economy Russland Wirtschaftsstruktur Wirtschaftsraum regionale Entwicklung regionaler Unterschied Strukturwandel Russia economic structure economic area regional development regional difference structural change Zeitschriftenartikel journal article 2022 ftssoar https://doi.org/10.5922/2079-8555-2022-1-4 2022-12-13T22:07:39Z Balancing out uneven regional development and territorial disparities is an urgent task. Solving it requires considering the geo-economic features of various parts of Russia’s spatially structured territory. This study aims to describe trends in the economic space transformation and structural changes in the economies of the North-Western Federal District. Exploring the economic space transformation, the paper draws on economic theory and geography, the concepts of cluster and power generation cycles, regional economics and other theories. It presents the results of the institutional and economic research of income capitalization and the role of the institutional factor, along with regional gross value added (GVA) analysis by activity types. The study investigates the movement of capital (rent) in the economic space. There are several noticeable trends: the Arkhangelsk and Murmansk regions, the Komi and Karelia Republics have diversified their economies by developing manufacturing and mining, while the Murmansk and Pskov regions did that by stimulating agriculture. Regional factors generating rent at significant transaction costs are found to be affected by institutional factors. The paper concludes that structural changes in the economy of the Russian north-west regions are wavelike in nature. The indexes of regional GVA and industrial market development point to the existence of a transition zone between the structural phases of the wave, with the transition mostly taking place in 2014. The trigger for the second phase of the wave, along with new structural changes, was international sanctions and growing confrontation reducing capital outflow and contributing to further structural changes in the regional economy. Article in Journal/Newspaper Arkhangelsk karelia* Russian North SSOAR - Social Science Open Access Repository Murmansk Russland Baltic Region 14 1 56 74 |
institution |
Open Polar |
collection |
SSOAR - Social Science Open Access Repository |
op_collection_id |
ftssoar |
language |
unknown |
topic |
Wirtschaft Economics economic space institution transaction economic rent investment Volkswirtschaftstheorie National Economy Russland Wirtschaftsstruktur Wirtschaftsraum regionale Entwicklung regionaler Unterschied Strukturwandel Russia economic structure economic area regional development regional difference structural change |
spellingShingle |
Wirtschaft Economics economic space institution transaction economic rent investment Volkswirtschaftstheorie National Economy Russland Wirtschaftsstruktur Wirtschaftsraum regionale Entwicklung regionaler Unterschied Strukturwandel Russia economic structure economic area regional development regional difference structural change Tolstoguzov, O. Structural changes in the economy of the Russian North-West regions: institutional factor |
topic_facet |
Wirtschaft Economics economic space institution transaction economic rent investment Volkswirtschaftstheorie National Economy Russland Wirtschaftsstruktur Wirtschaftsraum regionale Entwicklung regionaler Unterschied Strukturwandel Russia economic structure economic area regional development regional difference structural change |
description |
Balancing out uneven regional development and territorial disparities is an urgent task. Solving it requires considering the geo-economic features of various parts of Russia’s spatially structured territory. This study aims to describe trends in the economic space transformation and structural changes in the economies of the North-Western Federal District. Exploring the economic space transformation, the paper draws on economic theory and geography, the concepts of cluster and power generation cycles, regional economics and other theories. It presents the results of the institutional and economic research of income capitalization and the role of the institutional factor, along with regional gross value added (GVA) analysis by activity types. The study investigates the movement of capital (rent) in the economic space. There are several noticeable trends: the Arkhangelsk and Murmansk regions, the Komi and Karelia Republics have diversified their economies by developing manufacturing and mining, while the Murmansk and Pskov regions did that by stimulating agriculture. Regional factors generating rent at significant transaction costs are found to be affected by institutional factors. The paper concludes that structural changes in the economy of the Russian north-west regions are wavelike in nature. The indexes of regional GVA and industrial market development point to the existence of a transition zone between the structural phases of the wave, with the transition mostly taking place in 2014. The trigger for the second phase of the wave, along with new structural changes, was international sanctions and growing confrontation reducing capital outflow and contributing to further structural changes in the regional economy. |
format |
Article in Journal/Newspaper |
author |
Tolstoguzov, O. |
author_facet |
Tolstoguzov, O. |
author_sort |
Tolstoguzov, O. |
title |
Structural changes in the economy of the Russian North-West regions: institutional factor |
title_short |
Structural changes in the economy of the Russian North-West regions: institutional factor |
title_full |
Structural changes in the economy of the Russian North-West regions: institutional factor |
title_fullStr |
Structural changes in the economy of the Russian North-West regions: institutional factor |
title_full_unstemmed |
Structural changes in the economy of the Russian North-West regions: institutional factor |
title_sort |
structural changes in the economy of the russian north-west regions: institutional factor |
publisher |
RUS |
publishDate |
2022 |
url |
https://www.ssoar.info/ssoar/handle/document/79071 http://nbn-resolving.org/urn:nbn:de:0168-ssoar-79071-0 https://doi.org/10.5922/2079-8555-2022-1-4 |
geographic |
Murmansk Russland |
geographic_facet |
Murmansk Russland |
genre |
Arkhangelsk karelia* Russian North |
genre_facet |
Arkhangelsk karelia* Russian North |
op_source |
Baltic Region 14 1 56-74 |
op_relation |
2310-0524 https://www.ssoar.info/ssoar/handle/document/79071 http://nbn-resolving.org/urn:nbn:de:0168-ssoar-79071-0 https://doi.org/10.5922/2079-8555-2022-1-4 |
op_rights |
Creative Commons - Namensnennung 4.0 Creative Commons - Attribution 4.0 |
op_rightsnorm |
CC-BY |
op_doi |
https://doi.org/10.5922/2079-8555-2022-1-4 |
container_title |
Baltic Region |
container_volume |
14 |
container_issue |
1 |
container_start_page |
56 |
op_container_end_page |
74 |
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1766354567230914560 |