Strategic priorities of regional investment policy for advanced technological development (the case of Sverdlovsk region in Russia)
Abstract
Relevance. The study investigates the structural and technological imbalances impeding Russian regions' transition to sustainable development.
Research objective. The study aims to describe and test an original methodological approach by using the case of a large industrial region in Russia – Sverdlovsk region. The proposed approach can provide a framework for the analysis of federal and regional strategies of long-term innovation and investment development, especially their industrial and spatial priorities.
Methods and data. The study relies on official statistical data covering a five-year period. A special focus was made on the strategies' key indicators, which were then compared with the long-term goals and targets of industrial and spatial development. The comparison of the key strategic indicators is supplemented by spatial analysis of regional investment activity by territory and type of investment.
Results. The study shows the need to align regional investment strategies with the strategies and policies of industrial, innovation and spatial development. For Sverdlovsk region, the study has revealed a pattern of spatial distribution of investment, which tends to concentrate in old industrial areas, that is, large cities and their agglomerations where the main production facilities are located.
Conclusion. The study identifies the drawbacks of regional strategies and shows why the strategies fail to fulfill their function in the general system of strategic planning.
Keywords
Full Text:
PDFReferences
Abalkin, L.I. (2002). Logic of economic growth. Moscow: Institute of Economics, Russian Academy of Sciences, 228. (In Russ).
Adams, J.S., VanDrasek, B.J., & Phillips, E.G. (1999). Metropolitan area definition in the United States. Urban Geography, 20(8), 695–726. doi: 10.2747/0272-3638.20.8.695
Aganbegyan, A.G. (2021). Why new Russia needs planning. Voprosy politicheskoy ekonomii = Questions of Political Economy, 2(26), 27–44. (In Russ.) doi: 10.5281/zenodo.5040286
Animitsa, E.G., & Silin, Y.P. (2013). The Middle Urals on the way to new industrialization. Ekonomika regiona = Economy of Regions, 3(35), 71–81. (In Russ.)
Barinova, V.A., & Zemtsov, S.P. (2016). Innovation cycle as a base model of the dynamics and organization of innovation activity. Journal of the Institute of Economics of the Russian Academy of Sciences, 1, 117–127. (In Russ.)
Barinova, V.A., Zemtsov, S.P., & Sorokina, A.V. (2015). Innovation activity of fast-growing companies for the enhancement of their competitiveness. Ekonomika nauki = Economics of Science, 3, 175–179. (In Russ.)
Bochko, V.S. (2011). Conditions and factors of innovation development of municipalities. In: Tatarkin, A.I. (ed.) Innovation Development of the Economics of Science (pp. 133–149). Ekaterinburg: Institute of Economics, Ural Branch of the Russian Academy of Sciences. (In Russ.)
Bochko, V.S. (2015). Positive and negative factors of coordinated and balanced regional development. Ekonomika regiona = Economy of Regions, 1, 39–52. (In Russ.) doi: 10.17059/2015-1-4
Bochko, V.S. (2019). The scientific and research forces of society and their development in the regions. Ekonomika regiona = Economy of Regions, 3, 644–658. (In Russ.) doi: 10.17059/2019-3-2
Borisov, V.N., Pochukaeva, O.V., & Pochukaev, K.G. (2018). The role of heavy engineering in the process of diversification of regional economies. Voprosy territorialnogo razvitia = Questions of Territorial Development, 5(45). (In Russ.) doi: 10.15838/tdi.2018.5.45.3
Bosák, V., Nováček, A., & Slach, O. (2018). Industrial culture as an asset, barrier and creative challenge for restructuring of old industrial cities: case study of Ostrava (Czechia). GeoScape, 12(1), 52–64. doi: 10.2478/geosc-2018-0006
Coates, V., Farooque, M., Klavans, R., Lapid, K., Linstone, H.A., Pistorius, C., & Porter, A.L. (2002). On the Future of Technological Forecasting. Technological Forecasting and Social Change, 67(1), 1–17. doi: 10.1016/S0040-1625(00)00122-0
Dezhina, I., & Ponomarev, A. (2016) Approaches to the Formulation of Russia’s Technological Priorities. Foresight and STI Governance, 10(1), 7–15. doi: 10.17323/1995-459X.2016.1.7.15
Frolov, A.S. (2015). Problems of coordination of the state innovation policy. In: Proceedings of the 15th International Conference on the Problems of Development of Economics and Society (pp. 289–300). Moscow: Publishing House of the Higher School of Economics. (In Russ.)
Golichenko, O.G. (2011). Main factors of development of the national innovation system: lessons for Russia. Moscow: Nauka, 633. (In Russ.)
Golova, I.M., & Sukhovey, A.F. (2011). Spatial aspects of regional innovation policy. In: Tatarkin, A.I. (ed). Innovation Development of the Economics of Science (pp. 149–174). Ekaterinburg: Institute of Economics, Ural Branch of the Russian Academy of Sciences. (In Russ.)
Gordon, G.I. (1993). Strategic Planning for Local Government. Washington. ICMA, 119.
Hassink, R., Isaksen, A., & Trippl, M. (2019). Towards a comprehensive understanding of new regional industrial path development. Regional Studies, 53(11), 1636–1645. doi: 10.1080/00343404.2019.1566704
Ivanova, O.Y. (2017). Trends of development and distribution of production forces in the Ural macro-region. Upravlanie ekonomicheskimi sistemami: online academic journal = Management of Economic Systems, 9(103), 18. (In Russ.)
Ivanter, V.V. (2017) Structural-investment policy for stimulating economic growth in Russia. Moscow: Nauchny konsultant, 196. (In Russ.)
Kemp, R.I. (1992). Strategic Planning in Local Government (a case book). New York Routledge, 185. doi: 10.4324/9781351179041
Komkov, N.I. (2003). The role of innovation and technologies in the development of economy and society. Problemy prognozirovania = Issues of Forecasting, 3, 24–43. (In Russ.)
Kotlyarova, S.N., Lee, V.A., & Suvorova, A.V. (2010). Innovation and investment regional infrastructure: factors, trends, and approaches to development in the current conditions. Ekaterinburg: Institute of Economics of the Ural Branch of the Russian Academy of Sciences, 63. (In Russ.)
Lane, N., & Kalil, T. (2005) The National Nanotechnology Initiative: Present at the Creation. Issues in Science and Technology, 21(4), 49–55.
Martin, B.R. (2010) The Origins of the Concept of “Foresight” in Science and Technology: An Insider’s Perspective. Technological Forecasting and Social Change, 77(9), 1438–1447. doi: 10.1016/j.techfore.2010.06.009
Maslennikov, M.I. (2015). Priorities of development of foreign economic relations between Ural regions and BRICS countries. Ekonomika regiona = Economy of Regions, 2, 95–112. (In Russ.) doi: 10.17059/2015-2-8
Medvedev, D.A. (2018). Russia – 2024: Strategy of Socio-Economic Development. Voprosy ekonomiki = Questions of Economics, 10, 5–28. (In Russ.) doi: 10.32609/0042-8736-2018-10-5-28
Porter, M.E. (1996). Competitive advantage, agglomeration economies, and regional policy. International regional science review, 19(1-2), 85–90.
Sidorov, M.A. (2020). Territorial development based on stimulation of the Russian electronics industry. Problemy razvitia territorii = Problems of Territorial Development, 3(107), 27–44. (In Russ.) doi: 10.15838/ptd.2020.3.107.2
Silin, Ya.P., Animitsa, E.G., & Novikova, N.V. (2019). Ural macro-region: big cycles of industrialization. Ekaterinburg: Publishing House of the Ural State Economic University, 371. (In Russ.)
Silin, Ya.P., Animitsa, E.G., & Novikova, N.V. (2016). New normality in the Russian economy: regional specifics. Ekonomika regiona = Economy of Regions, 3, 714–725. (In Russ.) doi: 10.17059/2016-3-9 Silin, Ya.P., & Animitsa, E.G. (2021). Reflections on contemporary economic development of Russia. In: Istomina N.A. (ed.) New industrialization of Russia: economy – science – man. Proceedings of the 8th Ural Academic Readings of Professors and Postdoctoral Researchers in Social Sciences (pp. 3–10). Ekaterinburg: Publishing House of the Ural State Economic University. (In Russ.)
Simachev, Yu., Kuzyk, M., Kuznetsov, B., & Pogrebnyak, E. (2014). Russia on the path towards a new technology industrial policy: exciting prospects and fatal traps. Foresight-Russia, 8(4), 6–23.
Smit, P., & Moore, P. (1993). Cities as social responsibility: Planning and urban form. In: Bourne, L., Ley, D. (ed.) The changing social geography of Canadian cities (pp. 343–367). Montreal: McGill-Queen’s University Press.
Tatarkin, A.I. (ed.) (2016). Breakthrough into the future. Innovation profile of the Ural metaregion. Ekaterinburg: Institute of Economics, Ural Branch of the Russian Academy of Sciences, 274. (In Russ.)
Vasiliev, Y.P. (2009). Innnovative management of production development in the USA or how to boost labour productivity. Moscow: Ekonomika, 446. (In Russ.)
Vlasov, S.V. (2018). Industrial policy of Sverdlovsk region: critical analysis. Gosudarstvennaya sluzhba = Public Administration, 3(113), 50–55. (In Russ.) doi: 10.22394/2070-8378-2018-20-3
Vlasov, S.V. (2019). Factors of development of the innovation potential of enterprises of an industrial region (the case of the city of Nizhny Tagil). Journal of the Ural Federal University. Series: Economics and Management, 18(6), 826–853. (In Russ.) doi: 10.15826/vestnik.2019.18.6.040
Vlasov, S.V., Temkina, I.M., Lukyanov, S.A. & Avramenko, E.S. (2015). Regional investment policy in the light of budget constraints and economic sanctions. Ekonomika regiona = Economy of Regions, 1, 213–223. (In Russ.) doi: 10.17059/2015-1-18
Wagner, C., & Popper, S. (2003). Identifying critical technologies in the United States: A review of the federal effort. Journal of Forecasting, 22(2/3), 113–128. doi: 10.1002/for.854
DOI: https://doi.org/10.15826/recon.2021.7.4.024
Copyright (c) 2021 Semyon V. Vlasov
Сertificate of registration media Эл № ФС77-80764 от 28.04.2021
Online ISSN 2412-0731