IDEAS home Printed from https://ideas.repec.org/a/ura/ecregj/v1y2016i2p342-358.html
   My bibliography  Save this article

Regions’ Economic Autonomy in the New Reality

Author

Listed:
  • Vladimir Bochko

    (Institute of economics of the Ural Branch of the Russian Academy of Sciences)

Abstract

The paper discloses the understanding of new reality (normality) for Russia that consists in the strengthening of the role of a man-personality and in the expansion of the economic autonomy of the territories in their interaction with the federal center. The rationale is based on a hypothesis according to which in the conditions of new reality, the increase of the well-being of the population and the overcoming of economic inequality between the territories are provided by the expansion of their economic independence as it leads to the increase of their intellectual, engineering and manufacturing potential. In the research, the author used the basic concepts of the classical economic theory, the theory of behavioural economics, interdisciplinary approach and statistical grouping method. The dynamics of the economic independence of the territories, which is manifested in the decrease in a number of donor regions and the socio-economic dividing of the territories, is shown. The assumption is proved that the consequences of the territorial stratification are the restraining of the growth of their socio-economic development and possibility probable emergence of «regional peripheral economy» with the property of the dependence of the periphery on the center, the decrease in a local initiative, the inhibition of technological development. The need to use the social psychology of the population, the psychological sets of economic development, «the second invisible hand of the market» and soft power to overcome the «regional peripheral economy» is revealed. The result of the research is the proof that the expansion of the economic independence of the territories is not only the increase of the self-isolation of regions and municipalities, but also the need to save the considerable part of the income from the production of goods and services created by the local population under control of the regional and municipal authorities and direct it to the increase of the well-being of the population of the territory. The idea of creating the legal document to provide and strengthen the economic independence of territories is offered; the suggestions on the principles of its contents and structuring are stated.

Suggested Citation

  • Vladimir Bochko, 2016. "Regions’ Economic Autonomy in the New Reality," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 342-358.
    • Handle: RePEc:ura:ecregj:v:1:y:2016:i:2:p:342-358
    as

    Download full text from publisher

    File URL: http://economyofregion.ru/Data/Issues/ER2016/June_2016/ERJune2016_342_358.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sergey Valentey & Albert Bakhtizin & Yevgeny Bukhvald & Anastasiya Kolchugina, 2014. "Development trends of the Russian regions," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 9-22.
    2. L. Evstigneeva & R. Evstigneev., 2014. "The Contours of a New Economic Space," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 11.
    3. D. Medvedev., 2015. "A New Reality: Russia and Global Challenges," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    4. George A. Akerlof & Robert J. Shiller, 2010. "Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism," Economics Books, Princeton University Press, edition 1, number 9163.
    5. Medvedev, Dmitry, 2015. "A new reality: Russia and global challenges," Russian Journal of Economics, Elsevier, vol. 1(2), pages 109-129.
    Full references (including those not matched with items on IDEAS)

    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. Bochko, V. S., 2016. "Economic Autonomy of Regions in the New Reality," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 2(2), pages 180-193.
    2. Mihaela NECULITA, 2018. "Trends of the Russian Economy in the World Economy," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 104-109.
    3. Maslennikova, Elena V. (Масленникова, Елена) & Dobrolyubova, Elena I. (Добролюбова, Елена) & Yuzhakov, Vladimir N. (Южаков, Владимир), 2020. "Effectiveness of Control and Enforcement Activities in Selected Areas: Statistics and Sociology [Статистика И Социология Результатов Контрольно-Надзорной Деятельности]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 90-107, February.
    4. Oscar Gasanov, 2021. "Five Years of Inflation Targeting Without Economic Growth: What Should Be Changed? The Case of Russia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(3), pages 162-171, May.
    5. Aleksandr Tatarkin, 2016. "Regional Targeting of the Economic Policy of the Russian Federation as an Institution of Regional Spatial Development," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 9-27.
    6. Sergey A. Chunikhin & Evgeny A. Kuzmin & Luidmila V. Pushkareva, 2019. "Studying the banking industry’s stability through market concentration indices," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1663-1679, June.
    7. Klimanov V. V. & Chernyshova N. A. & Nedopivtseva D. A., 2016. "The mechanisms of formation of strategic socio-economic priorities," World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, Socionet, vol. 16(4), pages 80-92.
    8. Medvedev, Dmitry, 2016. "Social and economic development of Russia: Finding new dynamics," Russian Journal of Economics, Elsevier, vol. 2(4), pages 327-348.
    9. Mau, Vladimir, 2016. "Anti-crisis measures or structural reforms: Russian economic policy in 2015," Russian Journal of Economics, Elsevier, vol. 2(1), pages 1-22.
    10. Yakova Silin & Yevgeniy Animitsa & Natalya Novikova, 2016. "New Normal in Russian Economy: Regional Specificity," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 714-725.
    11. Natalya Petrovna Stafeeva, 0. "Model of Innovation Research on Risk Management in the Conditions of Development of the Customs Device," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 8.
    12. Gontmakher, E., 2015. "Poor Quality of Public Administration As A Main Political Constraints on Modernization of Russian Economy," Journal of the New Economic Association, New Economic Association, vol. 28(4), pages 169-175.
    13. Pavel Biryukov A. & П. Бирюков А., 2018. "Влияние качественных изменений структуры экспорта товаров на экономический рост в России в 2014-2016 гг // Impact оf Quality Changes in Merchandise Exports on the Russian Economic Growth in 2014-2016," Мир новой экономики // The world of new economy, Финансовый университет при Правительстве Российской Федерации // Financial University under The Governtment оf The Russian Federation, vol. 12(1), pages 22-35.
    14. Peter Holicza & Kseniia Baimakova & Ekaterina Lukina, 2016. "Russian Socio-Economic Development: The Present Situation and Future Directives," Proceedings of FIKUSZ 2016, in: Regina Zsuzsánna Reicher (ed.),Proceedings of FIKUSZ '16, pages 7-18, Óbuda University, Keleti Faculty of Business and Management.
    15. Tatarkin, A. I., 2016. "Regional targeting of the Russian economic policy: an institution for spatial planning of territories," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 2(1), pages 1-16.
    16. repec:hal:cepnwp:hal-00841167 is not listed on IDEAS
    17. Di Bella, Gabriel & Grigoli, Francesco, 2019. "Optimism, pessimism, and short-term fluctuations," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 79-96.
    18. Hommes, C.H. & Lustenhouwer, J., 2016. "Managing Heterogeneous and Unanchored Expectations: A Monetary Policy Analysis," CeNDEF Working Papers 16-01, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    19. Elisa Darriet & Marianne Guille & Jean-Christophe Vergnaud, 2021. "Financial Literacy and Numeracy," Documents de travail du Centre d'Economie de la Sorbonne 21031, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    20. Bernd Hayo & Matthias Uhl, 2017. "Taxation and consumption: evidence from a representative survey of the German population," Applied Economics, Taylor & Francis Journals, vol. 49(53), pages 5477-5490, November.
    21. Liu, Siqi & Yin, Chao & Zeng, Yeqin, 2021. "Abnormal investment and firm performance," International Review of Financial Analysis, Elsevier, vol. 78(C).

    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:ura:ecregj:v:1:y:2016:i:2:p:342-358. 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 Naydenov (email available below). General contact details of provider: http://www.economyofregion.com .

    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.