Optimization of the regions' financial flows as a factor in improving their security

Yelena Sidorova () and Denis Tatarkin ()
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Denis Tatarkin: Institute of Economics, The Ural Branch of Russian Academy of Sciences, Department for Strategic Territorial Development

Economy of region, 2012, vol. 1, issue 2, 94 - 105

Abstract: This paper considers an essential element of economic security in today's terms — financial security, the essence of which lies in the formation of stable cash flows, providing the ability to develop regional systems, mainly due to their own economic and financial resources. The place and importance of regional governance arrangements of financial resources, the formation of their sources is shown. The structure of the consolidated fiscal balance area as the main tool of analysis of all traffic of financial resources generated and distributed in the region is revealed. Expediency of reproduction approach to the evaluation of financial flows of the territories is substantiated. Internal financial and economic resources of the region are disclosed. The main methods of classification of regions on the structure of financial sources for development are shown. The proposals to strengthen the financial capacity of the territories are formulated.

Keywords: financial security; structure of financial sources; classification of regions (search for similar items in EconPapers)
Date: 2012
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