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Regional Policy under Economic Growth: from Current Interbudgetary Grants to Investments in Infrastructure

Author

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  • Oleg Sergeevich Ptchelintsev

    (Institute of Economic Forecasting RAS)

  • Mikhail Mikhailovich Minchenko

    (Institute of Economic Forecasting RAS)

Abstract

Economic growth in 2003 in Russia failed to change the general trend towards enhancement of interregional differentiation typical for the entire period of activity of the transfer system (since 1994), hence regional policy improvement remains an urgent task. It should primarily involve not so much leveling off interregional disparities in current budget receipts (as is now), as forming a long-term strategy of infrastructure development. From this perspective the article analyzes the current state and socio-economic characteristics of service industries, and presents substantiation of the necessity for promoting public investments in the infrastructure development

Suggested Citation

  • Oleg Sergeevich Ptchelintsev & Mikhail Mikhailovich Minchenko, 2005. "Regional Policy under Economic Growth: from Current Interbudgetary Grants to Investments in Infrastructure," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 7-26.
    • Handle: RePEc:far:spaeco:y:2005:i:2:p:7-26
    DOI: 10.14530/se.2005.2.007-026
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