Far East Priority: Combinations of Investment and Institutes

P. Minakir and O. Prokapalo
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P. Minakir: Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences, Khabarovsk, Russia
O. Prokapalo: Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences, Khabarovsk, Russia

Journal of the New Economic Association, 2018, vol. 38, issue 2, 146-155

Abstract: Trends and possibilities for implementing the state economic policy for the Russian Far East development are discussed. Historical overview is given with the identification of stages of regional development, characterizing by the different sources and scales of economic resources, in particular investments, and the types and degree of localization of specific economic institutions for the regional development. The duality of motivation for priority development of the region is shown. On the one hand, it is characterized by non-competitiveness in terms of standard market procedures. On the other hand, it has a high appraisal of utility in terms of national geo-strategic and geo-economic goals. A hypothesis is advanced that in this situation, priority economic development is possible only if an effective combination of scales and sources of investment resources is found with an adequate type of institutional regime for this purpose and with an optimal level of localization of institutions.

Keywords: Far East; investments; economic development; institutions; integration; priorities (search for similar items in EconPapers)
JEL-codes: O1 R1 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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