IDEAS home Printed from https://ideas.repec.org/a/nea/journl/y2018i38p146-155.html
   My bibliography  Save this article

Far East Priority: Combinations of Investment and Institutes

Author

Listed:
  • Minakir, P.

    (Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences, Khabarovsk, Russia)

  • Prokapalo, O.

    (Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences, Khabarovsk, Russia)

Abstract

Trends and possibilities for implementing the state economic policy for the Russian Far East development are discussed. Historical overview is given with the identification of stages of regional development, characterizing by the different sources and scales of economic resources, in particular investments, and the types and degree of localization of specific economic institutions for the regional development. The duality of motivation for priority development of the region is shown. On the one hand, it is characterized by non-competitiveness in terms of standard market procedures. On the other hand, it has a high appraisal of utility in terms of national geo-strategic and geo-economic goals. A hypothesis is advanced that in this situation, priority economic development is possible only if an effective combination of scales and sources of investment resources is found with an adequate type of institutional regime for this purpose and with an optimal level of localization of institutions.

Suggested Citation

  • 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.
    • Handle: RePEc:nea:journl:y:2018:i:38:p:146-155
    as

    Download full text from publisher

    File URL: http://www.econorus.org/repec/journl/2018-38-146-155r.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Olga Mikhailovna Prokapalo & Artyom Gennadyevich Isaev & Marina Gamilovna Mazitova, 2017. "Economic Situation in the Far Eastern Federal District in 2016," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 138-173.
    2. Natasha Kuhrt, 2012. "The Russian Far East in Russia's Asia Policy: Dual Integration or Double Periphery?," Europe-Asia Studies, Taylor & Francis Journals, vol. 64(3), pages 471-493.
    3. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
    4. Rasha Hashim Osman & Constantinos Alexiou & Persefoni Tsaliki, 2011. "The role of institutions in economic development: Evidence from 27 Sub-Saharan African countries," International Journal of Social Economics, Emerald Group Publishing, vol. 39(1/2), pages 142-160, December.
    5. Andr�s Rodr�guez-Pose, 2013. "Do Institutions Matter for Regional Development?," Regional Studies, Taylor & Francis Journals, vol. 47(7), pages 1034-1047, July.
    6. Daniil Petrovich Frolov, 2015. "Do Institutions Matter in Spatial Economics?," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 14-37.
    7. Roger R. Stough, 2001. "Endogenous Growth Theory and the Role of Institutions in Regional Economic Development," Advances in Spatial Science, in: Börje Johansson & Charlie Karlsson & Roger R. Stough (ed.), Theories of Endogenous Regional Growth, chapter 2, pages 17-48, Springer.
    8. Olga Mikhailovna Prokapalo & Artyom Gennadyevich Isaev & Marina Gamilovna Mazitova, 2016. "Economic Situation in the Far Eastern Federal District in 2015," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 123-157.
    9. Natalia Petrovna Ryzhova, 2013. "The Role of Institutions in International Economic Integration," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 72-88.
    10. Eugenia Anatolyevna Kolomak, 2014. "Spatial Concentration of Economic Activity in Russia," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 4, pages 82-99.
    11. Börje Johansson & Charlie Karlsson & Roger R. Stough (ed.), 2001. "Theories of Endogenous Regional Growth," Advances in Spatial Science, Springer, number 978-3-642-59570-7.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giuseppe Di Vita, 2018. "Institutional quality and the growth rates of the Italian regions: The costs of regulatory complexity," Papers in Regional Science, Wiley Blackwell, vol. 97(4), pages 1057-1081, November.
    2. Rodríguez-Pose, Andrés & Ketterer, Tobias, 2016. "Institutions vs. ‘First-Nature’ Geography – What Drives Economic Growth in Europe’s Regions?," CEPR Discussion Papers 11322, C.E.P.R. Discussion Papers.
    3. Focacci, Chiara Natalie & Kovac, Mitja & Spruk, Rok, 2023. "Ethnolinguistic diversity, quality of local public institutions, and firm-level innovation," International Review of Law and Economics, Elsevier, vol. 75(C).
    4. Rafiou Raphaël Bétila, 2021. "The impact of Ease of Doing Business on economic growth: a dynamic panel analysis for African countries," SN Business & Economics, Springer, vol. 1(10), pages 1-34, October.
    5. Russ, Meir & Jones, Jeanette K., 2008. "Regional Economic Development Indicators for a Knowledge-Based Economy with Knowledge Deprivation," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(2), pages 1-17.
    6. Serkan Degirmenci, 2011. "Do Institutions Matter for Regional Economic Growth and Development? The Case of Turkey," ERSA conference papers ersa11p1180, European Regional Science Association.
    7. Karlsson, Charlie & Rouchy, Philippe, 2015. "Regional Economic Development, Social Capital and Governance: A Comparative Institutional Analysis France - Sweden," Working Paper Series in Economics and Institutions of Innovation 406, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    8. Sam Tavassoli & Lars Bengtsson & Charlie Karlsson, 2017. "Strategic entrepreneurship and knowledge spillovers: spatial and aspatial perspectives," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 233-249, March.
    9. Nicola Cortinovis & Jing Xiao & Ron Boschma & Frank G van Oort, 2017. "Quality of government and social capital as drivers of regional diversification in Europe," Journal of Economic Geography, Oxford University Press, vol. 17(6), pages 1179-1208.
    10. Michael Storper, 2018. "Separate Worlds? Explaining the current wave of regional economic polarization," Journal of Economic Geography, Oxford University Press, vol. 18(2), pages 247-270.
    11. Andrés Rodríguez-Pose & Marco Di Cataldo, 2015. "Quality of government and innovative performance in the regions of Europe," Journal of Economic Geography, Oxford University Press, vol. 15(4), pages 673-706.
    12. Jonathan E. Ogbuabor & Onyinye I. Anthony-Orji & Oliver E. Ogbonna & Anthony Orji, 2019. "Regional integration and growth: New empirical evidence from WAEMU," Progress in Development Studies, , vol. 19(2), pages 123-143, April.
    13. Sharma, Abhijit & Sousa, Cristina & Woodward, Richard, 2022. "Determinants of innovation outcomes: The role of institutional quality," Technovation, Elsevier, vol. 118(C).
    14. Leonel Muinelo-Gallo & Adrián Rodríguez, 2014. "Descentralización fiscal, calidad de gestión de gobierno y disparidades regionales en Uruguay," Estudios de Economia, University of Chile, Department of Economics, vol. 41(2 Year 20), pages 219-250, December.
    15. Serkan Degirmenci, 2011. "Do Institutions Matter for Regional Economic Growth and Development? The Case of Turkey," ERSA conference papers ersa11p1374, European Regional Science Association.
    16. Jesús María Valdaliso, 2015. "Pertenencia a clústeres y comportamiento competitivo de las empresas: un estudio de seis asociaciones-clúster en el País Vasco," Working Papers 2015R02, Orkestra - Basque Institute of Competitiveness.
    17. Constantinos Alexiou & Persefoni Tsaliki & Hashim Rasha Osman, 2014. "Institutional Quality And Economic Growth: Empirical Evidence From The Sudanese Economy," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 59(203), pages 119-138, October –.
    18. Markus Grillitsch, 2014. "Regional Transformation: Institutional Change and Economic Evolution in Regions," ERSA conference papers ersa14p1481, European Regional Science Association.
    19. Inmaculada C. Alvarez & Javier Barbero & Luis Orea & Andrés Rodríguez-Pose, 2023. "How institutions shape the economic returns of public investment in European regions," Efficiency Series Papers 2023/03, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    20. James R. Wilson & Mari Jose Aranguren & Mikel Navarro, 2015. "From Plan to Process: Exploring the Leadership Implications of RIS3," Working Papers 2015R01, Orkestra - Basque Institute of Competitiveness.

    More about this item

    Keywords

    Far East; investments; economic development; institutions; integration; priorities;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

    Statistics

    Access and download statistics

    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:nea:journl:y:2018:i:38:p:146-155. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Alexey Tcharykov (email available below). General contact details of provider: https://edirc.repec.org/data/nearuea.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.