Articlediamond2018

Far East Priority: Combinations of Investment and Institutes

Pavel Aleksandrovich Minakir · Olga Prokapalo

26 citations0/0 files storedJournal of the New Economic Association

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Economic and Technological Developments in Russia Regional Development and Policy Economic Development and Regional Competitiveness

Abstract

Trends and possibilities for implementing the state economic policy for the Russian Far East development are discussed. Historical overview is given with the identification of stages of regional development, characterizing by the different sources and scales of economic resources, in particular investments, and the types and degree of localization of specific economic institutions for the regional development. The duality of motivation for priority development of the region is shown. On the one hand, it is characterized by non-competitiveness in terms of standard market procedures. On the other hand, it has a high appraisal of utility in terms of national geo-strategic and geo-economic goals. A hypothesis is advanced that in this situation, priority economic development is possible only if an effective combination of scales and sources of investment resources is found with an adequate type of institutional regime for this purpose and with an optimal level of localization of institutions.

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References

1990Institutions, Institutional Change and Economic Performance 2004Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development 2002Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development 2013Do Institutions Matter for Regional Development?1992Institutions, Institutional Change and Economic Performance

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