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Far East Priority: Combinations of Investment and Institutes

Author

Listed:
  • Minakir, P.

    (Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences, Khabarovsk, Russia)

  • Prokapalo, O.

    (Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences, Khabarovsk, Russia)

Abstract

Trends and possibilities for implementing the state economic policy for the Russian Far East development are discussed. Historical overview is given with the identification of stages of regional development, characterizing by the different sources and scales of economic resources, in particular investments, and the types and degree of localization of specific economic institutions for the regional development. The duality of motivation for priority development of the region is shown. On the one hand, it is characterized by non-competitiveness in terms of standard market procedures. On the other hand, it has a high appraisal of utility in terms of national geo-strategic and geo-economic goals. A hypothesis is advanced that in this situation, priority economic development is possible only if an effective combination of scales and sources of investment resources is found with an adequate type of institutional regime for this purpose and with an optimal level of localization of institutions.

Suggested Citation

  • Minakir, P. & Prokapalo, O., 2018. "Far East Priority: Combinations of Investment and Institutes," Journal of the New Economic Association, New Economic Association, vol. 38(2), pages 146-155.
    • Handle: RePEc:nea:journl:y:2018:i:38:p:146-155
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    References listed on IDEAS

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    1. Olga Mikhailovna Prokapalo & Artyom Gennadyevich Isaev & Marina Gamilovna Mazitova, 2017. "Economic Situation in the Far Eastern Federal District in 2016," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 138-173.
    2. Natasha Kuhrt, 2012. "The Russian Far East in Russia's Asia Policy: Dual Integration or Double Periphery?," Europe-Asia Studies, Taylor & Francis Journals, vol. 64(3), pages 471-493.
    3. Rasha Hashim Osman & Constantinos Alexiou & Persefoni Tsaliki, 2011. "The role of institutions in economic development: Evidence from 27 Sub-Saharan African countries," International Journal of Social Economics, Emerald Group Publishing, vol. 39(1/2), pages 142-160, December.
    4. Olga Mikhailovna Prokapalo & Artyom Gennadyevich Isaev & Marina Gamilovna Mazitova, 2016. "Economic Situation in the Far Eastern Federal District in 2015," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 123-157.
    5. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
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    Cited by:

    1. Pavel Aleksandrovich Minakir, 2019. "Far Eastern Institutional Novations: Imitation of a New Stage," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 7-17.

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    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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