IDEAS home Printed from https://ideas.repec.org/a/ura/ecregj/v1y2018i1p43-52.html
   My bibliography  Save this article

Management of the Structural Transformation of Regional Economy

Author

Listed:
  • Khamid Gizatullin
  • Fanus Garipov
  • Zukhra Garipova

Abstract

The article presents the research of the structural transformation of the economy. The authors have formulated the theoretical concept and the basic reasons for structural transformation of the economy in regions. According to the authors’ approach, the economy should function as a whole system. This defining principle is aimed at the systemic effect. The loss of regions’ control, and, in some cases, deviation from the national goals are the main reasons for the reduction in the Russian economic efficiency. As a result of the liberalization of the economy, the principle of selective investments has become the dominant one as a result of the liberalization of the economy. It broke the synergetic principle used for the formulation of economic strategy. The authors recommend to structure an efficient economy on the basis of the specificity of the economic situation due to its internal state and international realities. We also advise to achieve the balance between regional development and the development of country’s economic competitiveness. The article substantiates the need to overcome the growth of negative trends. These trends are due to the deformation of the most important economic principles and relationships as a result of weakness in the structural and investment policy. Thus, the high-priority task is the orientation of economic development to ensure the technical and technological independence of the economic system. This strategy contains the determining directions for the next development stages. We propose to focus the modernization of the structure of regional economy on the combination of the conceptual foundations of the federal structural policy and regional conditions for its implementation. Regional economy should balance economic initiative and independence in terms of the methods and means for its implementation. We recommend to combine the economic growth with the regional environmental management and the regulation of the natural environment. The authors propose a mathematical model for the management and evaluation of structural shift in economic systems as well as the regional evaluation model of structural shift. We also offer an optimization approach in management improving the economic structure to ensure an effective balance of its components.

Suggested Citation

  • Khamid Gizatullin & Fanus Garipov & Zukhra Garipova, 2018. "Management of the Structural Transformation of Regional Economy," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 43-52.
    • Handle: RePEc:ura:ecregj:v:1:y:2018:i:1:p:43-52
    as

    Download full text from publisher

    File URL: http://economyofregion.ru/Data/Issues/ER2018/March_2018/ERMarch2018_43_52.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jeffrey D. Sachs & Andrew M. Warner, 1995. "Natural Resource Abundance and Economic Growth," NBER Working Papers 5398, National Bureau of Economic Research, Inc.
    2. Ulrich,Peter, 2008. "Integrative Economic Ethics," Cambridge Books, Cambridge University Press, number 9780521877961, September.
    3. J. Kornai., 2002. "The System Paradigm," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 4.
    4. G. Kleiner ., 2011. "System Resource of Economy," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 1.
    5. Roman Kachalov & Nina Yakovleva, 2014. "Integrated Approach To The Analysis Of The Quality Of Socio-Economic Regional Development Governance," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 128-141.
    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. Gasanov, Oscar & Chirskaya, Marina, 2021. "Manufacturing Industry Financial Condition of the City of Rostov-On-Don: Examine by the Altman Models," MPRA Paper 119771, University Library of Munich, Germany.

    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. George Kleiner, 2015. "State — Region — Field— Enterprise: Framework of Economics System Stability of Russia. Part 1," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 50-58.
    2. George Kleiner, 2015. "State — Region — Field — Enterprise: Framework of Economics System Stability of Russia. Part 2," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 9-17.
    3. N. Brovkina E. & Н. Бровкина Е., 2018. "Системная Парадигма Как Методология Исследования Кредитного Рынка // The System Paradigm As The Research Methodology Of The Credit Market," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 22(1), pages 144-152.
    4. Kleiner, G. B., 2015. "State — Region — Branch — Enterprise: System Sustainability Framework of the Russian Economy," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 1(2), pages 212-225.
    5. G. Kleiner B. & Г. Клейнер Б., 2014. "Какая Мезоэкономика Нужна России? Региональный Разрез В Свете Системной Экономической Теории // What Mesoeconomy Does Russia Need? Regional Economy In The Light Of The Systemic Economic Theory," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, issue 4, pages 6-22.
    6. Edouard Mien & Michaël Goujon, 2022. "40 Years of Dutch Disease Literature: Lessons for Developing Countries," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(3), pages 351-383, September.
    7. Halvor Mehlum & Karl Moene & Ragnar Torvik, 2006. "Institutions and the Resource Curse," Economic Journal, Royal Economic Society, vol. 116(508), pages 1-20, January.
    8. Jean-Louis Combes & Alexandru Minea & Pegdéwendé Nestor Sawadogo, 2019. "Assessing the effects of combating illicit financial flows on domestic tax revenue mobilization in developing countries," CERDI Working papers halshs-02019073, HAL.
    9. Mare Sarr & Erwin Bulte & Chris Meissner & Tim Swanson, 2011. "On the looting of nations," Public Choice, Springer, vol. 148(3), pages 353-380, September.
    10. Guy Michaels, 2011. "The Long Term Consequences of Resource‐Based Specialisation," Economic Journal, Royal Economic Society, vol. 121(551), pages 31-57, March.
    11. Claus Dierksmeier, 2011. "The Freedom–Responsibility Nexus in Management Philosophy and Business Ethics," Journal of Business Ethics, Springer, vol. 101(2), pages 263-283, June.
    12. Thorvaldur Gylfason, 2019. "Inequality Undermines Democracy and Growth," CESifo Working Paper Series 7486, CESifo.
    13. Ftiti, Zied & Aguir, Abdelkader & Smida, Mounir, 2017. "Time-inconsistency and expansionary business cycle theories: What does matter for the central bank independence–inflation relationship?," Economic Modelling, Elsevier, vol. 67(C), pages 215-227.
    14. T.S. Veeman & J. Politylo, 2003. "The Role of Institutions and Policy in Enhancing Sustainable Development and Conserving Natural Capital," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 5(3), pages 317-332, September.
    15. Riascos, Luis Hernando Portillo, 2014. "Extractivismo clásico y neoextractivismo, ¿Dos tipos de extractivismos diferentes?," Revista Tendencias, Universidad de Narino, vol. 15(2), pages 11-29, July.
    16. Brahmbhatt, Milan & Canuto, Otaviano & Vostroknutova, Ekaterina, 2010. "Dealing with Dutch Disease," World Bank - Economic Premise, The World Bank, issue 16, pages 1-7, June.
    17. Joya, Omar, 2015. "Growth and volatility in resource-rich countries: Does diversification help?," Structural Change and Economic Dynamics, Elsevier, vol. 35(C), pages 38-55.
    18. Hailu, Degol & Kipgen, Chinpihoi, 2017. "The Extractives Dependence Index (EDI)," Resources Policy, Elsevier, vol. 51(C), pages 251-264.
    19. Mayshar, Joram & Moav, Omer & Neeman, Zvika, 2011. "Transparency, Appropriability and the Early State," CEPR Discussion Papers 8548, C.E.P.R. Discussion Papers.
    20. Juliana Yael Milovich, 2018. "Does Aid Reduce Poverty?," OPHI Working Papers ophiwp122.pdf, Queen Elizabeth House, University of Oxford.

    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:2018:i:1:p:43-52. 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.