Russian Journal of Economics and Law (Dec 2014)
The role and influence of regional development institutions on the economy of the Russian regions
Abstract
Objective: to assess the influence of regional development institutions on the economy of the Russian regions. Methods: correlation analysis. Results: the dynamics of forming and features of territorial distribution of th regional development institutions in Russia are studied. The Russian subjects are revealed which are leading by the number of development institutions and the volume of funds attracted by them into the economy. The efficiency of the regional development institutions is defined by their influence on economic growth on federal districts and in Russia as a whole. Scientific novelty: The integral influence of all regional, as well as particular regional development institutions is defined (regional funds for SME extension, regional venture funds, development corporations, mortgage, special economic zones in the regional economies in Russia by federal districts. Practical value: The research results on evaluating the efficiency of the regional development institutions can be used by executive authorities for making efficient managerial decisions in the sphere of investment activity at regional level.
