Regional Policy under Economic Growth: from Current Interbudgetary Grants to Investments in Infrastructure

Oleg Sergeevich Ptchelintsev () and Mikhail Mikhailovich Minchenko ()
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Oleg Sergeevich Ptchelintsev: Institute of Economic Forecasting RAS
Mikhail Mikhailovich Minchenko: Institute of Economic Forecasting RAS

Spatial Economics=Prostranstvennaya Ekonomika, 2005, issue 2, 7-26

Abstract: Economic growth in 2003 in Russia failed to change the general trend towards enhancement of interregional differentiation typical for the entire period of activity of the transfer system (since 1994), hence regional policy improvement remains an urgent task. It should primarily involve not so much leveling off interregional disparities in current budget receipts (as is now), as forming a long-term strategy of infrastructure development. From this perspective the article analyzes the current state and socio-economic characteristics of service industries, and presents substantiation of the necessity for promoting public investments in the infrastructure development

Keywords: Regional development; socio-economic infrastructure characteristics; interbudgetary relations; public investments; interregional differentiation (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2005:i:2:p:7-26

DOI: 10.14530/se.2005.2.007-026

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