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Assessment of diversification in the regional economy (Case study of subjects of the Siberian Federal District)

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  • N. A. Kravchenko

    (Russian Academy of Sciences)

Abstract

The article deals with the problem of assessing economic diversification at the level of individual federal subjects. Diversification is one of the strategic goals for development of Siberia. Assessing the progress in furthering this goal requires its consideration at the level of measurable indicators. In world practice, measurement and evaluation of the level of diversification of the regional economy are based on a variety of indicators reflecting individual characteristics of diversification processes. This paper presents a comparative analysis of diversification in subjects of the Siberian Federal District over the period of 2008–2013. In assessing diversification, we used the Herfindahl–Hirschman indices (gross value added and number of employees by economic activity, the structure of shipped products in manufacturing, the export commodity structure) and the proportion of manufacturing, share of single-industry towns resident in the regional population, and the number of small businesses (enterprises) per 10000 people. Discrepancies in the estimates of various indicators and contradictory trends are shown in the development of diversification processes in individual subjects of the Siberian Federal District. Correlation analysis showed no strong relationship between diversification and the growth rate of the regional economy or the existence of a strong link between economic diversification and its stability. The regions are grouped according to the level of their stability.

Suggested Citation

  • N. A. Kravchenko, 2016. "Assessment of diversification in the regional economy (Case study of subjects of the Siberian Federal District)," Regional Research of Russia, Springer, vol. 6(3), pages 203-213, July.
    • Handle: RePEc:spr:rrorus:v:6:y:2016:i:3:d:10.1134_s2079970516030035
    DOI: 10.1134/S2079970516030035
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    References listed on IDEAS

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    1. Ye.А.Kolomak (ekolomak@academ.org), 2014. "Evolution of the Spatial Distribution of Economic Activities in Russia," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 3.
    2. Karl Aiginger & Stephen W. Davies, 2004. "Industrial specialisation and geographic concentration: Two sides of the same coin? Not for the European Union," Journal of Applied Economics, Universidad del CEMA, vol. 7, pages 231-248, November.
    3. Wagner, John E., 2000. "Regional Economic Diversity: Action, Concept, or State of Confusion," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 30(2), pages 1-22.
    4. Karl Aiginger & Stephen W. Davies, 2004. "Industrial Specialisation and Geographic Concentration: Two Sides of the Same Coin? Not for the European Union," Journal of Applied Economics, Taylor & Francis Journals, vol. 7(2), pages 231-248, November.
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    Cited by:

    1. Marina Malkina, 2017. "Influence of the Industrial Structure of Economy on the Risk Level of Russian Regions' Tax Systems," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 65(6), pages 2025-2035.

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