Journal of Siberian Federal University. Humanities & Social Sciences / Investments and the Growth Potential of the Quality of Life in the Russian Far East

Full text (.pdf)
Issue
Journal of Siberian Federal University. Humanities & Social Sciences. 2022 15 (7)
Authors
Glazyrina, Irina P.; Faleychik, Larisa M.; Faleychik, Andrey A.
Contact information
Glazyrina, Irina P.: Institute of Natural Resources, Ecology and Cryology SB RAS Chita, Russian Federation; ; ORCID: 0000-0001-6774-9284; Faleychik, Larisa M.: Institute of Natural Resources, Ecology and Cryology SB RAS Chita, Russian Federation; ; ORCID: 0000-0003-2963-1992; Faleychik, Andrey A.: Transbaikal State University Chita, Russian Federation; ORCID: 0000-0002-5684-5841
Keywords
Far Eastern macro-region; state regional policy; well-being of the local population; preferential regimes; institutional transformation; investments in fixed capital; foreign direct investment; economic diversification
Abstract

Regional budgets of Russian regions finance the main social expenditures that determine the well-being and quality of life of the local population. The purpose of this study is a quantitative analysis of investment dynamics for the period of “Far Eastern institutional innovations” in 2013–2020, and its correlation the budget’s own revenue in the eastern regions of Russia in 2020. The results revealed the presence of a significant correlation, which allows us to hypothesize about the positive impact of the investment factor. A similar connection is noted for the case when we consider all regions of the country. At the same time, the coefficient of “return on investment” in terms of contribution to public welfare can vary greatly by region. It is concluded that when solving the problem of increasing the competitiveness of regional economies, the expectation almost exclusively on the investment volumes is not justified, and more subtle mechanisms of state regulation are needed

Pages
921–929
DOI
10.17516/1997-1370-0897
Paper at repository of SibFU
https://elib.sfu-kras.ru/handle/2311/145590

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