Regions of Russia: Adaptation to Measures of State Regulation

V.G.Basareva (vera.basareva@gmail.com)

Journal "Region: Economics and Sociology", 2015, vol. 2

Abstract: Basing on statistics published by the Russian Federal State Statistics Service (Rosstat), the article examines the regional performance of the Presidential Decrees of May 7, 2012 that stipulate measures to increase wages in the public sector, as well as to create and modernize 25 million high-performance workplaces. It is shown that the documents adopted by the government in pursuance of the Decrees underestimated the level of regional differentiation in Russia, local budgets and the specifics of manufacturing, which has led to negative consequences in some subjects of the Federation. The article justifies the need to adjust the share of liabilities attributable to regional budgets due to a slowdown in economic growth and to account for the imbalance that appears with a sharp increase in the deficit and public debt. It is demonstrated that spatial determinants highly differentiate the quantity of high-performance workplaces in regions and their share in the total number of jobs. In order to meet the set targets, it is necessary to take measures to create and modernize high-performance workplaces with regard to the specifics of manufacturing in regions

Keywords: regional differentiation; wage growth in the public sector; consolidated budgets; high-performance workplaces (search for similar items in EconPapers)
Date: 2015
Note: Regional Policy and Economic Issues of Federalism
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Persistent link: https://EconPapers.repec.org/RePEc:nos:regioe:2015-2_2

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