The Desire to Speed up the Russian Far Eastern Economy: Will the "New" Institutional Conditions Help?

Dmitry Izotov

Journal of the New Economic Association, 2018, vol. 38, issue 2, 155-163

Abstract: Countries with a high share of natural rent in the economy and weak institutions, to which Russia belongs, are significantly limited in the choice of instruments for effective public policy instruments. Application of the half-century-old practice public intervention tools to speed up the Russian Far Eastern economy indicates existence of the "knowledge problem" of bureaucratic administration. As a result, additional risks may generate economy for the Russian Far Eastern due to the special zones. Very modest effects can also be obtained from the infrastructure construction at expense of public investments and from certain measures to attract and consolidate the population of the region.

Keywords: investment; infrastructure; development program; special zones; consolidation of the population; institutions; natural rent; the Russian Far East (search for similar items in EconPapers)
JEL-codes: H54 O43 Q30 R11 R58 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2018:i:38:p:155-163

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