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The Desire to Speed up the Russian Far Eastern Economy: Will the "New" Institutional Conditions Help?

Author

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  • Izotov, D.

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

Abstract

Countries with a high share of natural rent in the economy and weak institutions, to which Russia belongs, are significantly limited in the choice of instruments for effective public policy instruments. Application of the half-century-old practice public intervention tools to speed up the Russian Far Eastern economy indicates existence of the "knowledge problem" of bureaucratic administration. As a result, additional risks may generate economy for the Russian Far Eastern due to the special zones. Very modest effects can also be obtained from the infrastructure construction at expense of public investments and from certain measures to attract and consolidate the population of the region.

Suggested Citation

  • Izotov, D., 2018. "The Desire to Speed up the Russian Far Eastern Economy: Will the "New" Institutional Conditions Help?," Journal of the New Economic Association, New Economic Association, vol. 38(2), pages 155-163.
    • Handle: RePEc:nea:journl:y:2018:i:38:p:155-163
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    References listed on IDEAS

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    Cited by:

    1. Yoshisada Shida & Viktoriya Klimentevna Kan, 2021. "How Effective Are Special Economic Zones in the Russian Far East: A Financial Assessment Using Firm-Level Data," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 35-65.

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    More about this item

    Keywords

    investment; infrastructure; development program; special zones; consolidation of the population; institutions; natural rent; the Russian Far East;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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