Bioresource Sector of the Russian Far East

Abstract

The article studies the development of the Far Eastern bioresource sector in 2006–2015 and its components: fishing industry, forestry and agriculture. It is shown that renewable bioresources, which form the foundation of the bioresource sector, are now becoming the limiting factor of that sector’s further extensive development which necessitates a transition to new ways and technologies of extracting and processing resources. The article attempts to identify and estimate the bioresource sector’s contribution to the economy of the Far Eastern Federal District (FEFD) as a statistical unit through aggregating main macroeconomic indicators (gross added value, monetary value of exports, investments, number of employed, and tax revenue) of its three components. The conclusion is that during the studied period the bioresource sector’s contribution to the economy of the FEFD has decreased mainly due to the factors of tax revenues and gross added value. The sector’s importance as source of employment in remote areas had also declined. At the same time the bioresource sector continues to significantly contribute to exports, mainly thanks to the fishing industry and agriculture. It is shown that the dominant role in the bioresource sector belongs to the fishing industry which increased its contribution to the bioresource sector and showed the most stable development compared to other components. The article studies changes in institutional conditions in all three components, their influence on the development of investments of the bioresource sector

Keywords

• bioresource sector
• fishing industry
• forestry
• agriculture
• Far East