Resource-Deficient Regions: The Specificity of State Support

Ekaterina Sorokina

doi:10.54609/reaser.v22i2.93

Ekaterina Sorokina Ural State University of Economics

DOI: https://doi.org/10.54609/reaser.v22i2.93

Keywords: Effectiveness, regional growth resource availability, regulation, state support

Abstract

The success of Russia's socio-economic development heavily depends on resource availability, resource sufficiency, and resource diversity. Because economic resources (natural, human, capital, information, and material) represent a key barrier to the regional social and economic development, the regional federal systems should take into account the effects of regional development drivers. This study aims to assess the level of economic development across economic regions in Russia with respect to resources availability and develop measures of state regulation to improve regional economic performance. For this, all regions were divided into groups by their gross regional product estimates. Factors reflecting economic performance were identified through factor analysis, and the cyclical nature of resources availability was discussed. The papers offers a resources availability model that allows determining the minimum amount of resources required for a region having a specific level of economic development to achieve the maximum economic performance possible in less time. In addition, the paper presents a state regulation framework for regional economy that integrates financial support measures, state projects and programs, and measures to modify regulatory framework and the regulation of human resources. The proposed state regulation framework takes into account the full range of regional resources and makes it possible to choose the most effective tools with the view to meeting regional development goals.

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