Abstract
The authors examined the responses of economic agents to implantation in 2013–2020 of institutional instruments of a “new model” for the development of the Far Eastern macro-region. The trend of the predominance of investments in resource projects in the total volume of investments in fixed assets in the macro-region has been confirmed. The study contains new results confirming the influence of the predominantly raw character of the region’s economy on the transformation of institutions, expressed through: modification of institutional instruments for the development of the region and the formation of a multiplicity of preferential regimes in the interests of large resourcebased companies; the emergence of negative institutional externalities for the regional economy in the implementation of selected institutional instruments in the resourcebased industries. We ranged the Far Eastern and several Siberian regions according to the degree of resource dependence with the estimation of the selected indicators for the natural resource sector as a whole (including the extraction of mineral, forest and waterbiological resources), which corresponds to the economic specialization of the macroregion. We have revealed that the result of the implementation of the “new model” of development was an increase in resource dependence in the economy of the Far Eastern macro-region in the studied period. The obtained estimates demonstrate the contradiction between the goals, institutional instruments and the first results of the implementation of the “new model” of development of the Far East. The study allows to gain new knowledge at the intersection of certain theoretical and applied scientific directions: assessing the effectiveness of state regional policy; the role of natural resources in economic development; institutional design
Highlights
We ranged the Far Eastern and several Siberian regions according to the degree of resource dependence with the estimation of the selected indicators for the natural resource sector as a whole, which corresponds to the economic specialization of the macroregion
We have revealed that the result of the implementation of the “new model” of development was an increase in resource dependence in the economy of the Far Eastern macro-region in the studied period
The novelty of the situation is determined by the following factors: 1) the state program documents declared the creation of conditions to ensure the sustainable development of the Far Eastern Federal District (FEFD) at the expense of the modernized structure of the economy; 2) to achieve this goal, new institutions for the development of the economy of the Far Eastern macro-region have been introduced, which include a number of legislative, organizational, and infrastructural tools to create an appropriate institutional environment; 3) significantly expanded the boundaries of the FEED due to the inclusion of two Siberian regions – the Trans-Baikal Territory and the Republic of Buryatia
Summary
The state’s attention (in various forms of its manifestation) to the Far Eastern macro-region, as well as the predominantly resource-based nature of the region’s economy and its dependence on the external economic situation, are fundamental factors in its development (Minakir, 2006).The novelty of the situation is determined by the following factors: 1) the state program documents declared the creation of conditions to ensure the sustainable development of the Far Eastern Federal District (FEFD) at the expense of the modernized structure of the economy; 2) to achieve this goal, new institutions for the development of the economy of the Far Eastern macro-region have been introduced, which include a number of legislative, organizational, and infrastructural tools to create an appropriate institutional environment; 3) significantly expanded the boundaries of the FEED due to the inclusion of two Siberian regions – the Trans-Baikal Territory and the Republic of Buryatia. The state’s attention (in various forms of its manifestation) to the Far Eastern macro-region, as well as the predominantly resource-based nature of the region’s economy and its dependence on the external economic situation, are fundamental factors in its development (Minakir, 2006). If in previous periods these territories were considered in different ways in the Far Eastern development programs, the situation is legitimized at the highest managerial level. This situation makes a number of research questions relevant: In which sectors and complexes preferences are mainly accumulated?. Despite the presence of certain differences in definitions, it is common for research to recognize in the economy of such territories the crucial importance of the extraction and primary processing of natural resource industries for the formation of GRP and regional revenues, as well as for the employment of the population
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