Institutional conditions for socio-economic development in Russian regions

D. Yu. Fraymovich and M. A. Gundorova

R-Economy, 2019, vol. 5, issue 1, 5-12

Abstract: The paper describes the results of quantitative analysis of institutional conditions in Russian federal districts. The research methodology relies on a set of indicators applied to evaluate the cultural, legal, business, innovation, and investment-related aspects of institutional environment. The methodological framework also includes a system of criteria (spatial and temporal), which is used to study the indicators and calculate their mean values, dynamic indicators and variability. The parameters were normalized to allow for a more accurate comparison of Russian regions. The findings are presented in the form of tables and a cluster dendrogram, which shows the distribution of Russian federal districts according to different characteristics of their institutional environment. Russian federal districts can be roughly divided into two groups: those with more or less balanced institutional conditions and those with anomalously high or low indicator values. It was found that in some regional socio-economic systems the institutional conditions were favourable for innovation and development although not all the constituent territories enjoyed equal access to these resources, which is supported by the evidence — the regional variability level was high in the corresponding indicators. The methodology and results may be used by research organizations in their analytical work; by education institutions for student training in the sphere of mass data processing; and by the relevant departments of regional and local administrations to design, adjust, and monitor strategic programs for socio-economic development. The proposed methodology, including the set of indicators used, can be adjusted and perfected for other research objectives.

Keywords: INSTITUTIONAL CONDITIONS; FEDERAL DISTRICTS; AVERAGE RESULTS; DYNAMICS; VARIABILITY (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aiy:journl:v:5:y:2019:i:1:p:5-12

DOI: 10.15826/recon.2019.5.1.001

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