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Evaluation of the impact of public investment programs on social and economic performance of territories

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  • I. E. Limonov
  • M. V. Nesena

Abstract

The purpose of this study is to evaluate the impact of public investment programs on the socio-economic development of territories. As a case, the federal target programs for the development of regions and investment programs of the financial development institution — Vnesheconombank, designed to solve the problems of regional development are considered. The impact of the public interventions were evaluated by the “difference in differences” method using Bayesian modeling. The results of the evaluation suggest the positive impact of federal target programs on the total factor productivity of regions and on innovation; and that regional investment programs of Vnesheconombank are improving the export activity. All of the investments considered are likely to have contributed to the reduction of unemployment, but their implementation has been accompanied by an increase in social inequality.

Suggested Citation

  • I. E. Limonov & M. V. Nesena, 2019. "Evaluation of the impact of public investment programs on social and economic performance of territories," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 1.
    • Handle: RePEc:nos:voprec:y:2019:id:2137
    DOI: 10.32609/0042-8736-2019-1-109-123
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