IDEAS home Printed from https://ideas.repec.org/a/aiy/journl/v1y2015i2p170-183.html
   My bibliography  Save this article

Regional Economic Policy: Structured Approach and Tools (The Oretical Formulation

Author

Listed:
  • Sukharev, O. S.

Abstract

The subject matter of the article is the development of a doctrine of coordinated regional development and the study of the structural quality of development of regional systems based on the theoretical analysis of institutional factors (parameters) that determine the technological efficiency of the regional economy. The purpose is to show possibilities of technological changes and the shift of economic growth in a particular regional system, with strict limits for accelerated development, with emphasis on industrial regions. For this purpose, we generated a number of structural models, analyzed the impact of technological factors on parameters of growth of the regional economy and determined conditions for development of industrial regions. We applied correlative and regression analysis to establish a statistically significant correlation between relevant parameters, used econometric models to show the possibility to estimate parameters of growth through control parameters, including technological factor. The structural aspect of regional economic growth is measured by dividing investments into two classes: old and new technologies. It is possible to increase the technological efficiency of the regional economy by improving results with regard to used (old) technologies and applying new technologies. This approach fundamentally refines the priority queue algorithm for regional development, provides a choice of a strategy of regional technological development. When resources are directed only to the latest technologies, the disproportion in development of the regional economic system can dramatically increase, and parameters related to diversion of resources and creation of a new resource will determine the growth rate of the region. The behavior of investment in old technologies has a major impact on the rate of regional economic growth in Russia, while investments in new technologies are minor and did not have an equivalent impact on the economic growth rate compared with old technologies. Institutional corrections that define parameters of resource diversion from old technologies and creation of a new resource for development, will determine the quality of new economic growth.

Suggested Citation

  • Sukharev, O. S., 2015. "Regional Economic Policy: Structured Approach and Tools (The Oretical Formulation," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 1(2), pages 170-183.
    • Handle: RePEc:aiy:journl:v:1:y:2015:i:2:p:170-183
    DOI: 10.15826/recon.2015.2.001
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10995/47763
    Download Restriction: no
    File URL: https://libkey.io/10.15826/recon.2015.2.001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lyakhova Natalia I. & Gordeeva Natalya O. & Manaeva Ekaterina N. & Zhilin Eduard V., 2018. "Dynamics of Development of Investment Processes in Belgorod Region," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 4, pages 198-202, 11-2018.
    2. Natalia I. Lyakhova* & Natalya O. Gordeeva & Ekaterina N. Manaeva & Eduard V. Zhilin, 2018. "Dynamics of Development of Investment Processes in the Belgorod Region," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 107-111:5.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aiy:journl:v:1:y:2015:i:2:p:170-183. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Irina Turgel (email available below). General contact details of provider: https://edirc.repec.org/data/seurfru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.