Articles

Economic growth of an open regional system: the Russian Far East and Khabarovsk Territory

Received: 03.06.2024 Accepted: 20.06.2024 Published: 15.03.2024

DOI: 10.22394/1818-4049-2024-107-2-8-25

Full text

Abstract

The purpose of the study is to assess the factors of growth of the Russian Far East (RFE) and the Khabarovsk Territory in 2000-2021. The article shows that in the long term, the rates of economic growth of the RFE and the Khabarovsk Territory lagged behind as a whole, despite the high rates of capital growth and the signifi openness of their economies. The assessment of the production function indicated that in order to maintain growth rates, the RFE’s economy required high rates of capital growth, and the negative growth rates of labor were compensated by other factors. It was determined that capital and neutral technological progress formed the overall positive dynamics of the RFE economy, and trade was its important addition. It was found that the share of trade with foreign countries in the RFE’s economic growth was almost twice as large as trade with the domestic market. Unlike the RFE, to maintain economic growth in the Khabarovsk Territory a smaller increase in capital and labor was needed. At the same time, the economic growth of the Khabarovsk Territory was generated mainly by capital and trade. It was found that the share of trade with foreign countries in the economic growth of the Khabarovsk Territory exceeded the share of trade with the domestic market. It was determined that a large-scale export with low added value had a relatively small impact on the economic growth of the RFE and the Khabarovsk Territory, while import had a noticeable impact on it. It is assumed that with the shift of the country’s economic activity to the East, the role of South regions of the RFE (including the Khabarovsk Territory) as an “intermediary” between domestic and foreign markets may allow them to use their existing advantages to accelerate their economic growth.

Keywords

Received: 3 June 2024 · Revised: 18 June 2024 · Accepted: 20 June 2024

Agencies

исследование выполнено при поддержке гранта Правительства Хабаровского края № 87с/2024 «Факторы роста открытой экономики Дальнего Востока (на примере Хабаровского края)»

How to cite

Для цитирования:

Изотов Д.А. Факторы роста открытой макрорегиональной и региональной экономики: Дальний Восток и Хабаровский край // Власть и управление на Востоке России. 2024. Т. 17, № 2. С. 8–25. https://doi.org/10.22394/1818-4049-2024-107-2-8-25

For citation:

Izotov D.A. Economic growth of an open regional system: the Russian Far East and Khabarovsk Territory // Power and Administration in the East of Russia. 2024. Vol. 17, no. 2. P. 8–25. https://doi.org/10.22394/1818-4049-2024-107-2-8-25

How to Cite

Izotov D.A. Economic growth of an open regional system: the Russian Far East and Khabarovsk Territory // Power and Administration in the East of Russia. 2024. Vol. 17, no. 2. P. 8–25. https://doi.org/10.22394/1818-4049-2024-107-2-8-25

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