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Evaluation of Far East development institutions using the synthetic control

Author

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  • Borshchevskiy, G.

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

Abstract

For about 10 years, several development institutions in the Russian Far East were simultaneously pursuing federal policy. We use the synthetic control method to compare effects of each institution. The standard set of macroeconomic indicators was adapted according to the goals of the institutions and the available statistical data. The assumption was confirmed that the institution with a positive (albeit ambiguous) impact continued functioning after the 2021 reform, and the institutions that showed a negative or insignificant impact were reorganized. Improving the validity of such decisions will help to grant development institutions legal status in the public authority system. We also proved that a public development institution is closer in status to a government agency than to a company, that is why it is advisable to evaluate by macroeconomic changes in the region of its presence, rather than on standard corporate reporting indicators. The synthetic control seems to be a priority method for such an assessment. The absence of institute's in?uence on the development of a territory (sector) over a number of years should be the reason for its reorganization. This will allow the institutes performance to be aimed at achieving socially significant priorities, and not just at working with individual projects.

Suggested Citation

  • Borshchevskiy, G., 2026. "Evaluation of Far East development institutions using the synthetic control," Journal of the New Economic Association, New Economic Association, vol. 70(1), pages 239-261.
    • Handle: RePEc:nea:journl:y:2026:i:70:p:239-261
    DOI: 10.31737/22212264_2026_1_239-261
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    References listed on IDEAS

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    1. Nadezhda Stepanova & Daria Gritsenko & Tuyara Gavrilyeva & Anna Belokur, 2020. "Sustainable Development in Sparsely Populated Territories: Case of the Russian Arctic and Far East," Sustainability, MDPI, vol. 12(6), pages 1-22, March.
    2. Alberto Abadie & Alexis Diamond & Jens Hainmueller, 2015. "Comparative Politics and the Synthetic Control Method," American Journal of Political Science, John Wiley & Sons, vol. 59(2), pages 495-510, February.
    3. Alexander Goryunov & Elena Ageshina & Igor Lavrentev & Polina Peretyatko, 2023. "Estimating the effect of Russia’s development policy in the Far Eastern region: The synthetic control approach," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 72, pages 58-72.
    4. Aleksandr Tatarkin & Svetlana Kotlyarova, 2013. "Regional development institutions as an economic growth factors," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 18-26.
    5. G. A. Borshchevskiy, 2024. "Influence of preferential regimes on the Russian Far East development," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 2.
    6. Aleksandr Tatarkin & Svetlana Kotlyarova, 2013. "Regional development institutions as an economic growth factors," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 9-18.
    7. Victoria Kuzenkova, 2021. "Effective Development Institutions," Public administration issues, Higher School of Economics, issue 5, pages 161-175.
    8. Alberto Abadie, 2021. "Using Synthetic Controls: Feasibility, Data Requirements, and Methodological Aspects," Journal of Economic Literature, American Economic Association, vol. 59(2), pages 391-425, June.
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    Keywords

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    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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