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Institutional conditions for socio-economic development in Russian regions

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  • Fraymovich, D. Yu.
  • Gundorova, M. A.

Abstract

The paper describes the results of quantitative analysis of institutional conditions in Russian federal districts. The research methodology relies on a set of indicators applied to evaluate the cultural, legal, business, innovation, and investment-related aspects of institutional environment. The methodological framework also includes a system of criteria (spatial and temporal), which is used to study the indicators and calculate their mean values, dynamic indicators and variability. The parameters were normalized to allow for a more accurate comparison of Russian regions. The findings are presented in the form of tables and a cluster dendrogram, which shows the distribution of Russian federal districts according to different characteristics of their institutional environment. Russian federal districts can be roughly divided into two groups: those with more or less balanced institutional conditions and those with anomalously high or low indicator values. It was found that in some regional socio-economic systems the institutional conditions were favourable for innovation and development although not all the constituent territories enjoyed equal access to these resources, which is supported by the evidence — the regional variability level was high in the corresponding indicators. The methodology and results may be used by research organizations in their analytical work; by education institutions for student training in the sphere of mass data processing; and by the relevant departments of regional and local administrations to design, adjust, and monitor strategic programs for socio-economic development. The proposed methodology, including the set of indicators used, can be adjusted and perfected for other research objectives.

Suggested Citation

  • Fraymovich, D. Yu. & Gundorova, M. A., 2019. "Institutional conditions for socio-economic development in Russian regions," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 5(1), pages 5-12.
    • Handle: RePEc:aiy:journl:v:5:y:2019:i:1:p:5-12
    DOI: 10.15826/recon.2019.5.1.001
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    File URL: http://hdl.handle.net/10995/68515
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    References listed on IDEAS

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    1. Natkhov, T. & Polishchuk, L., 2017. "Political Economy of Institutions and Development: The Importance of Being Inclusive. Reflection on "Why Nations Fail" by D. Acemoglu and J. Robinson. Part I. Institutions and Economic Devel," Journal of the New Economic Association, New Economic Association, vol. 34(2), pages 12-38.
    2. Douglass C, North, 1992. "Institutions, Ideology, and Economic Performance," Cato Journal, Cato Journal, Cato Institute, vol. 11(3), pages 477-496, Winter.
    3. V. L. Tambovtsev., 2018. "Innovations and culture: Importance of the analysis methodology," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
    4. Natkhov, T. & Polishchuk, L., 2017. "Political Economy of Institutions and Development: The Importance of Being Inclusive. Reflection on "Why Nations Fail" by D. Acemoglu and J. Robinson. Part II. Institutional Change and Impli," Journal of the New Economic Association, New Economic Association, vol. 35(3), pages 12-32.
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