Abstract

The article examines the role of regional development institutions in the infrastructure support of the socio-economic development of the constituent entities of the Russian Federation. Changes are revealed at the meso-economic level that are possible in the post-industrial development of the economy of the constituent entities of the Russian Federation. As a result of the study, it was concluded that 48 percent of the total funds available from regional development institutions accounted for the five leading regions: the Republic of Tatarstan, Moscow and Moscow Regions, Lipetsk, Kaluga Regions and St. Petersburg. By the share of gross regional product (GRP), the list of regions was headed by the Kaluga and Lipetsk regions, which is explained by the large volumes of investments attracted through development institutions and the relatively small size of the regional product and the population of these regions. The authors summarize the experience of managing regional development institutions, conclude that it is necessary to increase the degree of influence on the development of the economic and social infrastructure of the regions of the Russian Federation as a whole, as well as to eliminate regional imbalances in development. The main directions in the implementation of this approach are: Creation of an organizational mechanism for the formation of management structures to coordinate socio-economic development (for example, project administrations) on the territory of several constituent entities of the Russian Federation or several municipal entities within the framework of one constituent entity of the Federation. Development of financial mechanisms to support the activities of these inter-regional and inter-municipal administrations (hereinafter referred to as project administrations). Improving the mechanisms of interaction between state and municipal authorities, public organizations and other civil society institutions and business structures operating in the territory of several constituent entities of the Russian Federation and / or municipalities.

Highlights

  • Regional development institutions (RDIs) are an integral part of significant changes in the institutional structure of the national and regional level of management, as well as the development of civil society institutions

  • The regional development institutions are designed to ensure the diversification of the economy of the constituent entities of the Russian Federation, are designed to increase the investment attractiveness of the regions, provide open access to necessary resources, and promote the development of public-private partnerships (PPPs), including in small and medium-sized businesses

  • A statistical sample of 40 constituent entities of the Russian Federation confirms some politicization of the process and the Pareto law: 20% of institutions were created in 80% of the time, and 80% of institutions, respectively, in 20% of the time

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Summary

Introduction

Regional development institutions (RDIs) are an integral part of significant changes in the institutional structure of the national and regional level of management, as well as the development of civil society institutions. The institutional factors of economic development of the constituent entities of the Russian Federation to date have not been among the most actively researched prerequisites for sustainable social and economic growth and modernization of the regional economy. The regional development institutions are designed to ensure the diversification of the economy of the constituent entities of the Russian Federation, are designed to increase the investment attractiveness of the regions, provide open access to necessary resources, and promote the development of public-private partnerships (PPPs), including in small and medium-sized businesses. In the various constituent entities of the Russian Federation, to date, more than 200 organizations have been established, which, based on their functions, can be attributed to regional development institutions. The number of specialized organizations being created was not affected either by Russia's economic growth at the beginning of zero, nor by the global crisis of 2008-2009, while the 2011-2012 election campaign, proved to be a much more effective stimulant for regional authorities

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