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The author substantiates the use of a comparative approach to the study of Siberia which involves a comparison of the dynamics of the development in Siberia and regional settlement systems having similar economic and geographical locations, settlement parameters, populations, and other characteristics, but of the higher development level. Such an approach would allow identifying the most significant institutional factors which have made it possible to achieve them the successful socio-economic development in the long-run period. The paper presents a comparative analysis of the long-term development in Siberia and Canada and Scandinavia. It is shown that such factor as local self-government and financial decentralization could be considered as the most important ones since they allowed an effective focus on tasks of building human and social capitals. A comparative analysis involves an application of much more information than economic and mathematical models and a time series analysis, and it may be applied together with them. The use of various methods and data sets would allow more informed results.
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