Abstract
This paper proposes a new approach for monitoring of managing the modernisation of regional economic. The model built on proposed methodology will make it possible to smooth out the influence of non-urban areas on the unevenness of economic activity in spatial development. This paper has two goals. The first is to provide a new compilation of data on spatial distribution of economic activity at the sub-regional level. This data set allows us to monitoring of different indicators within macroregions such as Siberia. The second goal is to construct an instrument that helps to overcome the endogeneity problem using new economic geography hypothesis about the mechanisms of distribution of economic activity. Section 2 describes the data and method that we have proposed, discusses the construction of the Theil indexes using these data at the sub-federal and the sub-regional level. Section 3 presents the correlations between spatial distribution of economic activity and local market potential, discusses the robustness of the results; and the last section concludes.
Highlights
Spatial inequality is a deterrent of socio-economic development regions of Russia
A number of existing studies on the framework of New economic geography (NEG) consider factors affecting the spatial distribution of resources in emerging local markets
Our proposed specification on the field Siberian spatial inequality eliminated this lack of monitoring and enhances the effect of choosing a model for modernization of the regional economy, taking into account spatial and sectoral parameters
Summary
Spatial inequality is a deterrent of socio-economic development regions of Russia. This is especially true of Siberian regions, most of which have resource dependence in economic development. A number of existing studies on the framework of New economic geography (NEG) consider factors affecting the spatial distribution of resources in emerging local markets. The modernization strategies of Siberian regions provide for the development of competition, the provision of equal opportunities for the modernization of enterprises, the creation of conditions for attracting and developing human resources, stimulating the development of innovative technologies, the development of cooperation of all types (intraindustry, inter-industry and international). The study of local markets using output these industries as an example will illustrate resource potentials, and trade and infrastructure potentials. Existing methods for estimating and forecasting the potential of local sectoral markets are used in scenario strategic planning, but not in the framework of monitoring
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