The impact of institutional factors on economic dynamics in the regions

The impact of institutional factors on economic dynamics in the regions

Автор: Blokhin Andrei A., Likhachev Aleksei A.

Журнал: Economic and Social Changes: Facts, Trends, Forecast @volnc-esc-en

Рубрика: Regional economy

Статья в выпуске: 4 т.15, 2022 года.

Бесплатный доступ

The article is devoted to the problem of combining institutional and economic features in regional research and forecasting. We substantiate that the importance of institutional factors, including those in the regional context, manifests itself under significant differences in the institutional conditions for business that make it possible to receive stable institutional rent; this leads to the stratification of business by levels of alpha, beta and gamma business. The object of the study is top large business in the region. The distribution of major global and federal companies in the context of regions, as well as the presence of an established group of leaders in the regional economy, requires their separate monitoring and forecasting. We propose our own approach to determining the features of consolidation of large business. We show that the range of dispersion of their levels among regions and over time is significant and can be tens of percent and/or percentage points, which urges researchers to focus on these indicators. By comparing the features of consolidation of large business in the regions and using the constructed quantitative estimates, we substantiate the typology of methods (models) of economic growth in regions, depending on the presence or absence of major global, federal, and regional companies in them and their role in regional economy. Theoretical significance of this approach consists in combining the institutional analysis of the architecture of regional markets with the cost and physical aspects of the analysis; this will help improve the quality of diagnostics of regional and interregional problems and the validity of forecasts. Practical significance is determined by the possibilities of taking into account the architecture of regional markets in regional economic policy.

Еще

Institutions, institutional conditions, institutional rent, alpha business, consolidation of large business, economic growth of regions, institutional geography

Короткий адрес: https://sciup.org/147238484

IDR: 147238484   |   DOI: 10.15838/esc.2022.4.82.4

Список литературы The impact of institutional factors on economic dynamics in the regions

  • Armand D.L., Preobrazhenskii V.S., Armand A.D. (1969). Natural complexes and modern methods of their study. Izvestiya Akad. Nauk SSSR. Seriya Geograficheskaya, 5, 5–16 (in Russian).
  • Baklanov P.Ya. (2013). Approaches and general principles of structurization of geographical space. Izvestiya Rossiiskoi Akademii Nauk. Seriya Geograficheskaya, 5, 7–18. DOI: 10.15356/0373-2444-2013-5-7-18 (in Russian).
  • Barbashova N.E., Gerasimova Yu.V. (2018). The problems of matching objectives, instruments, and financial flows in regional policy. Mir novoi ekonomiki=The World of New Economy, 3, 90–97. DOI: 10.26794/2220–6469-2018-12-3-90-97 (in Russian).
  • Blokhin A.A. (2019). Institutional rent in a multilevel economy. Problemy prognozirovaniya=Studies on Russian Economic Development, 4, 16–26. DOI: 10.1134/S 1075700719040026 (in Russian).
  • Blokhin A.A., Lomakin-Rumyantsev I.V., Naumov S.A. (2019). Alpha business in the Russian food market. Ekonomicheskie strategii=Economic Strategies, 6, 68–77. DOI: 10.33917/es-6.164.2019.68–77 (in Russian).
  • Bourdieu P. (2005). Sotsial’noe prostranstvo: polya i praktiki [Social Space: Fields and Practices]. Translated from French. Saint Petersburg: Aleteiya; Moscow: Institut eksperimental’noi sotsiologii.
  • Busenitz L.W., Gomez C., Spencer J.W. (2000). Country institutional profiles: Unlocking entrepreneurial phenomena. Academy of Management Journal, 43(5), 994–1003.
  • Fligstein N. (2013). Arkhitektura rynkov: ekonomicheskaya sotsiologiya kapitalisticheskikh obshchestv XXI veka [The Architecture of Markets: An Economic Sociology of 21st Century Capitalist Societies]. Moscow: Izd. dom Vysshei shkoly ekonomiki.
  • Freeman R.B. (2002). Institutional differences and economic performance among OECD countries. CEP Discussion Papers dp0557.
  • Frolov D.P. (2015). Do institutions matter in spatial economics? Prostranstvennaya ekonomika=Spatial Economics, 1, 14–37 (in Russian).
  • Granberg A.G. (2000). Osnovy regional’noi ekonomiki [Fundamentals of Regional Economics]. Moscow: GU VShE.
  • Ilyin V.A., Povarova A.I. (2017). Failures of big business tax administration and their impact on regional budgets. Ekonomika regiona=Economy of Region, 13(1), 25–37. Available at: https://www.elibrary.ru/download/elibrary_28807315_57727029.pdf (in Russian).
  • Klimanov V.V., Kazakova S.M., Yagovkina V.A. (2021). Tools of interregional cooperation in the public administration system. Regionologiya=Russian Journal of Regional Studies, 29(2), 250–282. DOI: 10.15507/2413-1407.115.029.202102.250–282 (in Russian).
  • Klyuev N.N. (2010). Russia’s contrast as a threat to the country’s territorial integrity. Kontury global’nykh transformatsii: politika, ekonomika, pravo=Outlines of Global Transformations: Politics, Economics, Law, 3(1), 18–29 (in Russian).
  • Kuvalin D.B. (2019). Modern problems of spatial development of Russia. In: Strategiya i taktika realizatsii sotsial’no-ekonomicheskikh reform: regional’nyi aspekt: mat-ly viii mezhdunar. nauchn.-prakt. konferentsii [Strategy and Tactics of Socio-Economic Reforms: Regional Aspect: Matters of the VIII International Scientific and Practical Conference]. Vologda (in Russian).
  • Leksin V.N., Shvetsov A.N. (2012). Gosudarstvo i regiony: teoriya i praktika gosudarstvennogo regulirovaniya territorial’nogo razvitiya [State and Regions: Theory and Practice of State Regulation of Territorial Development]. Moscow: Librokom.
  • Lugovoy O., Dashkeev V., Mazayev I. et al. (2007). Analysis of Economic Growth in Regions: Geographical and Institutional Aspect. Moscow: IET.
  • Lukin E.V. (2022). Regulation of interregional value chains: Problems of analysis and modeling. Problemy prognozirovaniya=Studies on Russian Economic Development, 1(190), 19–33. DOI: 10.47711/0868-6351-190-19-33 (in Russian).
  • Marchenko G.V., Machul’skaya O.V. (2000). Financial mechanisms for interregional equalization. Finansy i kredit=Finance and Credit, 1(61), 13–21 (in Russian).
  • Mikheeva N.N. (2021). Spatial Aspects of the Development of Economic Forecasts. In: Shirova A.A. (Ed.). Nauchnyi doklad INP RAN [Scientific Report. Institute of Economic Forecasting RAS]. Moscow: Artik Print (in Russian).
  • Minakir P.A. (2016). Institutional reflection of spatial development. Prostranstvennaya ekonomika=Spatial Economics, 4, 7–12 (in Russian).
  • Minakir P.A., Dem’yanenko A.N. (2010). Spatial economics: Evolution of approaches and methodology. Ekonomicheskaya nauka sovremennoi Rossii=Economics of Contemporary Russia, 3(50), 6–32 (in Russian).
  • Pappe Ya.Sh., Galukhina Ya. (2009). Rossiiskii krupnyi biznes: pervye 15 let. Ekonomicheskie khroniki 1993–2008 gg [Russian Big Business: The First 15 Years. Economic Chronicles of 1993–2008.]. Moscow: GU-VShE.
  • Perroux F. (1968). Les investissements multinationaux et 1’analyse des poles de developpement et des poles d’integration. Revue Tiers-Monde, 9(34).
  • Peterson M.F., van Iterson A. (2015). Differences in work goals among regions of the Netherlands and Germany: Functional, institutional and critical event influences. The International Journal of Human Resource Management, 26(2), 277–297.
  • Polterovich V.M. (1998). Institutsional’nye lovushki i ekonomicheskie reformy [Institutional Traps and Economic Reforms]. Moscow: Rossiiskaya ekonomicheskaya shkola.
  • Radaev V.V. (2011). Komu prinadlezhit vlast’ na potrebitel’skikh rynkakh: otnosheniya roznichnykh setei i postavshchikov v sovremennoi Rossii [Who Owns the Power in Consumer Markets: The Relationship of Retail Chains and Suppliers in Modern Russia]. Moscow: Izd. dom Vysshei shkoly ekonomiki.
  • Savel’eva M.V. (2012). Unique advantages as the criteria of regions – “engines of growth”. Regional’naya ekonomika: teoriya i praktika=Regional Economics: Theory and Practice, 2 (in Russian).
  • Schlevogt K.A. (2001). Institutional and organizational factors affecting effectiveness: Geoeconomic comparison between Shanghai and Beijing. Asia Pacific Journal of Management, 18(4), 519–551.
  • Sheppard E. (2008). A Companion to Economic Geography. John Wiley & Sons.
  • Vertogradov V.A. (2020). Alpha market strategies, beta and gamma in the context of theory economic dominance. Ekonomicheskie strategii=Economic Strategies, 2, 50–53. DOI: 10.33917/es-2.168.2020.50–53 (in Russian).
  • Wind B., Lersch P., Dewilde C. (2017). The distribution of housing wealth in 16 European countries: Accounting for institutional differences. Journal of Housing and the Built Environment, 32(4), 625–647.
  • Yaremenko Yu.V. (1981). Strukturnye izmeneniya v sotsialisticheskoi ekonomike [Structural Changes in the Socialist Economy]. Moscow: Mysl’.
  • Zubarevich N.V. (2014). Center and regions inter-budgetary relations: Economic and institutional aspects. Zhurnal NEA=The Journal of the New Economic Association, 3, 158–160 (in Russian).
Еще
Статья научная
SciUp 2024 © 2024 ©