On the Efficiency and Equality in the Federal Investment Policy

Andrei Vasilievich Belov ()
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Andrei Vasilievich Belov: Fukui Prefectural University
Authors registered in the RePEc Author Service: Belov Andrey

Spatial Economics=Prostranstvennaya Ekonomika, 2009, issue 1, 51-61

Abstract: A non-econometric estimation of the regional production function for the Russian Federation constituents is given. It is established that distribution of federal investments and labor resources is hardly connected with the marginal productivity of capital and labor, and thus is not market-efficient. Alternative variants of the investment and migration policy, optimum from the standpoint of efficiency and equality, are offered

Keywords: Production function; spatial allocation; budgetary investment; regional migration; regional policy (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2009:i:1:p:51-61

DOI: 10.14530/se.2009.1.051-061

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