New Normal in Russian Economy: Regional Specificity

Silin, Ya. P.; Animitsa, Ye. G.; Novikova, Natalya

doi:10.17059/2016-3-9

Cited by 7 publications

(7 citation statements)

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“…Significance of human capital is well-known in scientific community since R.Lucas, S.Rebelo, and P.Romer emphasized human factor within the models of economic growth [12, 14, and 15]. Issues of regional development are studied in the works of Russian scientists [7,18]. In a number of works further growth of the Urals region is based on the idea of new industrialization [18] with technological modernization as the main driver of economic development.…”

Section: Discussionmentioning

confidence: 99%

“…Issues of regional development are studied in the works of Russian scientists [7,18]. In a number of works further growth of the Urals region is based on the idea of new industrialization [18] with technological modernization as the main driver of economic development. Current trends in the regions, however, demonstrate very different dynamics of GRP and fixed capital investment.…”

Section: Discussionmentioning

confidence: 99%

“…With respect to short-term and long-term bank credits targeting fixed capital investment, none of them have proven successful. Thus, we have to face a new reality, when classic stimulators of economic growth no longer work [18]. Even modest economic growth is often provided by industrial production.…”

Section: Discussionmentioning

confidence: 99%

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Economic growth vs. eco-efficiency of Russian industrial regions

Benz

2021

E3S Web Conf.

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The article focuses on issues of economic growth, and eco-efficiency in Russian industrial regions on the example of the Urals Federal District. The study is based on the concept of existing tensions between economic development, and eco-efficiency. The author claims that within this concept an optimum could be found. The purpose of the study is to determine the most optimal industrial growth rate within the Urals Federal District. Industrial production representing 50% of the sectoral gross value added structure is the key factor of economic growth in the researched regions. This basic hypothesis of the study is confirmed by a relatively strong correlation between industrial growth rate and Gross Regional Product growth rate in Sverdlovsk region, Tyumen region, and Chelyabinsk region. As part of the study the author made use of correlation analysis, which confirmed the basic hypothesis of the research, and paired regression analysis, where industrial production growth rate is used as a regressor to build paired regression models. Economic growth is estimated via Gross Regional Product growth rate. For every sector, where the basic hypothesis is confirmed, there is a graphical model illustrating dependence of economic growth (E1), and eco-efficiency (E2) on industrial growth rate. The study discovers optimal industrial growth rate providing development of eco-efficiency in the researched regions. The results of the study can be applied both by scientists or government structures in strategies of regional development taking into account eco-efficiency.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

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Economic growth vs. eco-efficiency of Russian industrial regions

Benz

2021

E3S Web Conf.

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“…The territorial aspect of the new industrialization of the research presented, in particular, in the works by of EG Animitsa, JP Silin, NV Novikova et al, Particularly emphasizing the objective need to move to a new industrialization in the context of regional development [10], and the role of the new industrialization the transition trajectory of growth [11]. Also in their studies EG Animitsa and JP SILIN sequentially disclose the specifics of the new industrialization Middle Ural Example [12].…”

Section: Methodsmentioning

confidence: 99%

Fiscal stimulus activity of subjects of the regional economy in the context of the new industrialization

Istomina¹,

Terentieva²,

Dolganova³

2019

Proceedings of the 2nd International Scientific Conference on New Industrialization: Global, National, Regional Dimension (SICN

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The importance of the use of budgetary tools for solving business impact (stimulate) on the economic entities in the regions of the Russian Federation with the view of successful functioning of the economy in the new industrialization is substantiated in the article. Due to the significant amount of regional budget expenditures needed to achieve this goal, the limited ability of territories to influence the economic processes was stated. It is proved that the scale of the new processes of industrialization requires a subsidiary of funding from the state and the subjects of the Federation. The importance of preselection of projects related to government funding is emphasized because only under this condition, perhaps the most effective use of budget funds and the promotion of economic growth and development are possible. The conclusion that the fiscal stimulus should be of initiating and supporting character, ie, facilitate the development of innovative development projects and complete the other forms of resource mobilization for the implementation of projects for a long period time is formed.

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“…Currently the program for innovation developed at the federal level and the federal and local authorities of the Russian Federation strive to increase potential for innovations and growth across the national economy. Innovative solutions in construction, one of the principal industries in the national economy, are aimed at achieving the goals set by the governmental strategy of economic growth (Golichenko, 2014;Golichenko, 2017;Silin et al, 2016).…”

Section: Introductionmentioning

confidence: 99%