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Far Eastern Institutional Novations: Imitation of a New Stage

Author

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  • Pavel Aleksandrovich Minakir

    (Economic Research Institute FEB RAS)

Abstract

In the previous five years the Russian Far East saw an implementation of a series of new institutional solutions, which mainly represented a modern edition of earlier, tried rules and mechanisms, organizational solutions and stimuli. At the same time, they represented a new system of actions aimed at attracting investments and stimulating economic activity of businesses and population. The nature of the institutional solutions, much like the general economic environment where they are applied, did not and does not guarantee the success when creating effective economic institutions and receiving quick results, such as steady advanced growth, structural modernization of the regional economy, and a notable improvement of quality of life. However, the accompanying propaganda, including mass expert pressure on population and businesses, led to the expectations of quick and positive changes in the economy and social sphere. These changes never took place in the five years, which led to opposite expectations. This article studies the manifestations and consequences of this change, such as looking for new impulses that will confirm the inevitability of establishment of new development institution, and gives the appraisal of the efficiency of the solutions from the viewpoint of economic justification and prospects of realization. Additionally, the author analyses the transfer of the Far Eastern ‘capital’ from Khabarovsk to Vladivostok, which wasn’t the only move towards the continuation of the Far Eastern development policy. Two other moves included the development of the national project of the Far Eastern development and the extension of the Far Eastern Federal District thanks to the inclusion of Buryatia Republic and Zabaykalsky Krai. It is currently impossible to make a detailed assessment of these actions

Suggested Citation

  • Pavel Aleksandrovich Minakir, 2019. "Far Eastern Institutional Novations: Imitation of a New Stage," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 7-17.
    • Handle: RePEc:far:spaeco:y:2019:i:1:p:7-17
    DOI: 10.14530/se.2019.1.007-017
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    References listed on IDEAS

    as
    1. Minakir, P. & Prokapalo, O., 2018. "Far East Priority: Combinations of Investment and Institutes," Journal of the New Economic Association, New Economic Association, vol. 38(2), pages 146-155.
    2. N. V. Zubarevich., 2019. "Spatial Development Strategy: Priorities and instruments," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 1.
    3. 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.
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    Cited by:

    1. I. P. Glazyrina & L. M. Faleychik & A. A. Faleychik, 2021. "Institutional Policy and the Role of Foreign Direct Investment in the Far East of Russia," Regional Research of Russia, Springer, vol. 11(4), pages 625-637, October.
    2. Tatiana Nikolaevna Zhuravskaia & Kseniia Igorevna Feoktistova, 2019. "The Program ‘Far Eastern Hectar’: Institutional Approach," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 92-109.
    3. I. P. Glazyrina & L. M. Faleychik & A. A. Faleychik, 2020. "Russia’s Eastern Border: Spatial Heterogeneity of Incomes and Problems of Population Retention," Regional Research of Russia, Springer, vol. 10(4), pages 476-493, October.
    4. Olga Mikhailovna Prokapalo & Anna Borisovna Bardal & Artyom Gennadyevich Isaev & Marina Gamilovna Mazitova & Denis Vladimirovich Suslov, 2019. "Economic Situation in the Far Eastern Federal District in 2018," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 110-149.

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    More about this item

    Keywords

    socio-economic development; new economic policy; elections; economic leadership; state debt; macroeconomic indicators; Russian Far East;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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