New Opportunities and Instruments of Regional Structural Policy
A. Yakovlev,
Lev Freinkman and
D. Ivanov
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A. Yakovlev: Institute of Industrial and Market Studies, National Research University Higher School of Economics (NRU HSE), Moscow, Russia
D. Ivanov: Institute of Industrial and Market Studies, NRU HSE, Moscow, Russia
Journal of the New Economic Association, 2018, vol. 39, issue 3, 162-170
Abstract:
The paper discusses the involvement of regional authorities in the implementation of programs of structural transformation. It suggests that regional authorities are more likely to discover and develop previously undetected competitive advantages of their territories, and it is easier for them to stimulate the cooperation of local economic agents. This predetermines the necessity to integrate regional authorities in the implementation of structural policies pursued by the federal government. The paper reviews recent experiences with the implementation of structural policies by the regions of the Russian Federation using the cases of Voronezh and Kaluga Oblasts and the Republic of Tatarstan. It highlights the success factors that have been shaping the development strategies in these regions, as well as challenges these regions face, including excessive centralization in decision-making; the underutilized role of small and medium-sized business; weaknesses in educational and training systems. Furthermore, the paper points to the fundamental constraints faced by Russia's regions in their pursuit to replicate the best regional practices.
Keywords: structural policy; regional development strategies; best practices; regional partnership (search for similar items in EconPapers)
JEL-codes: L52 O18 O25 R11 R50 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2018:i:39:p:162-170
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