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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
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    References listed on IDEAS

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    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.

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