Some Results of the Russian Far East Investment Policy: Impact on the Main Sectors and Personal Incomes

Abstract

Abstract The article presents the results from an analysis of how new institutional instruments for the support investment of processes in the Russian Far East impact the personal incomes in the sectoral context. It is shown that a number of identified positive trends are largely due to all-Russian factors, rather than specific measures related to development institutions. At the same time, in half of the regions there is a lag in the social sphere, which suggests that the “extractive” nature of the institutional environment remains. Limiting ourselves to the existing forms of institutional regulation, one can hardly expect that it will be possible to solve the problem of demographic stabilization in the east of the country. It is necessary to make changes in the mechanisms for the redistribution of national wealth, and this, in turn, will require a much deeper institutional transformation than the creation of “Far Eastern development institutions” in the current format.

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